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ZIEL

Open bankruptcy
KBO/BCE: BE 0684.936.596

A bankruptcy procedure is open for ZIEL according to publications in the Belgian State Gazette; curator: Jan DE RIECK.

Summary

Inactive; last annual accounts for fiscal year 2018.

Are you a creditor?

Open bankruptcy Source: Belgian Official Gazette

If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.

The procedure

Court
Enterprise Court of Brussels
Declared bankrupt
25 January 2022
Supervising judge
Hendrik Nauta
Official Gazette
31-01-2022 (pdf) ↗search the document for 2022/102914

Curator

  • Jan De RieckPegasuslaan 5, 1831 Diegemfalingen@advocaten-leuven.be

What to do now

  1. Do not deliver on credit any more without an agreement with the curator.
  2. Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
  3. File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
  4. Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
  5. Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
  6. Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.

Deadlines: the judgment sets the last day to file your claim, by law at most thirty days after the judgment, and the day of the first verification report. Both dates are in the publication in the Official Gazette and in RegSol; Checked does not read them yet. A late claim is sometimes still possible, but not without consequences.

File a claim in RegSol ↗ Watch Follow this bankruptcy: you are alerted when it is closed or reversed.

General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help. Full guide for creditors

Signals

Two signals. The signal on the left, the evidence on the right.
+raises risk
raises risk · Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.
Belgian State Gazette
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2018 was due by 31-07-2019 and was filed on 15-11-2019, 107 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 1 filing
Deviation from the deadline
2018
107 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its 2018 accounts 107 days after the deadline; the Belgian median for financial year 2018 is 2 days before the deadline, and 42% of all filings were late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

ZIEL has filed annual accounts once, for fiscal year 2018.1 The company was declared bankrupt on 25 January 2022.2

  1. 1National Bank, annual accounts 2018
  2. 2Belgian State Gazette, 31-01-2022

Go further with this company

Investigating this company? Keep it with today's facts in a case file.

Financials · fiscal year 2018, micro schema

Turnover
€189,268
EBIT margin
7.5%
Net result
€10,956
Working capital
-€4,829

Turnover and EBIT margin not published: the micro schema does not require them.

Balance-sheet composition
Assets €29,478
Fixed assets €21,385
Current assets €8,094
Equity and liabilities €30,078
Equity €17,156
Debt €12,922
Debt finances 43.0% of the balance-sheet total.
Key figures and ratios
2018 value
EBITDA
€19,939
Cash flow
€16,774
Current ratio
0.63
Quick ratio
0.36
ROE
63.9%
ROA
36.4%
Debt ≤ 1 year
€12,922
Income taxes
€2,808
Annual accounts
Filed annual accounts As filed with the NBB · 2018 · 24 lines
Balance sheet Code2018
Assets
Total assets20/58€30,078
Formation expenses20€600
Fixed assets21/28€21,385
Tangible fixed assets22/27€21,385
Current assets29/58€8,094
Stocks and contracts in progress3€3,460
Cash at bank and in hand54/58€4,002
Equity and liabilities
Total equity and liabilities10/49€30,078
Equity10/15€17,156
Contributions10/11€6,200
Reserves13€548
Profit (loss) carried forward14€10,408
Amounts payable17/49€12,922
Amounts payable within one year42/48€12,922
Trade debts44€5,313
Income statement Code2018
Turnover70€189,268
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5,818
Gross operating margin9900€21,745
Operating profit (loss)9901€14,121
Recurring financial charges65€357
Profit (loss) for the period before taxes9903€13,764
Income taxes67/77€2,808
Profit (loss) for the period9904€10,956
Profit (loss) for the period to be appropriated9905€10,956
Line2018
Turnover70€189,268
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5,818
Gross operating margin9900€21,745
Operating profit (loss)9901€14,121
Recurring financial charges65€357
Profit (loss) for the period before taxes9903€13,764
Income taxes67/77€2,808
Profit (loss) for the period9904€10,956
Profit (loss) for the period to be appropriated9905€10,956
Line2018
Assets
Total assets20/58€30,078
Formation expenses20€600
Fixed assets21/28€21,385
Tangible fixed assets22/27€21,385
Current assets29/58€8,094
Stocks and contracts in progress3€3,460
Cash at bank and in hand54/58€4,002
Equity and liabilities
Total equity and liabilities10/49€30,078
Equity10/15€17,156
Contributions10/11€6,200
Reserves13€548
Profit (loss) carried forward14€10,408
Amounts payable17/49€12,922
Amounts payable within one year42/48€12,922
Trade debts44€5,313
Line2018
Profit (loss) for the period9904€10,956
+ Depreciation and write-downs630€5,818
Operating cash flow (approximation)€16,774

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2022
31-01
Bankruptcy Opening
Ondernemingsrechtbank Brussel · event 25-01-2022
2019
15-11
NBB filing Annual accounts filed
fiscal year 2018 · micro schema · 107 days late
SignalNBB filing
0 of 5 acts read
About the unread acts

We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
5 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint

Insolvency mandates

1 mandate
Role Name Tenure
Curator Jan DE RIECK
PEGASUSLAAN 5, 1831 DIEGEM-
25-01-2022 → present