ZUIDCAR
InactiveZUIDCAR was declared bankrupt on 02-12-2021 (Ondernemingsrechtbank Antwerpen, afdeling Antwerpen); the bankruptcy was closed by liquidation by judgment of 28-03-2023, published in the Belgian State Gazette on 04-04-2023.
Summary
Inactive; last annual accounts for fiscal year 2020.
Signals
Three signals. The signal on the left, the evidence on the right.
○neutral
neutral · No filing for years
The last filed financial year closed on 31-12-2020. Since then, 5 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 10 filingsPosition against the passed deadline
31-12-2021 close31-07-2022 deadline30-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2020 was due by 31-07-2021 and was filed on 28-10-2021, 89 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
89 d late
2019
93 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 2 accounts on average 91 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
Financials · fiscal year 2020, micro schema
Equity
€14,214▼ 72.6%
2019 · €51,902
Total assets
€63,248▼ 75.8%
2019 · €261,235
Net result
-€37,688▼ 734%
2019 · -€4,520
Working capital
€11,214▼ 75.6%
2019 · €45,902
Trend over the years
In euros
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line201820192020
Operating result€19,868-€1,301▼ 93.4%-€35,248
Net result€11,525--€4,520-€37,688▼ 734%
Equity€56,422-€51,902▼ 8.0%€14,214▼ 72.6%
Total assets€249,601-€261,235▲ 4.7%€63,248▼ 75.8%
Debt€193,179-€209,333▲ 8.4%€49,034▼ 76.6%
Working capital€43,505-€45,902▲ 5.5%€11,214▼ 75.6%
Staff (FTE)3.1-2.8▼ 9.7%2.4▼ 14.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2020: a loss of €35,248 after €1,301 in 2019, the lowest result in the available series.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €63,248
Fixed assets
€3,000 ▼ 50.0%
Current assets
€60,248 ▼ 76.4%
Equity and liabilities €63,248
Equity
€14,214 ▼ 72.6%
Debt
€49,034 ▼ 76.6%
Debt's share of the balance-sheet total falls from 80.1% to 77.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€32,248▼
2019 · €8,218
Cash flow
-€34,688▼
2019 · €2,396
Current ratio
1.23▲
2019 · 1.22
ROE
-265.1%▼
2019 · -8.7%
ROA
-59.6%▼
2019 · -1.7%
Debt ≤ 1 year
€49,034▼
2019 · €209,333
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,917 | €6,917 | €3,000 | ▼ 56.6% |
| Gross operating margin9900 | €79,242 | €63,855 | €13,108 | ▼ 79.5% |
| Operating profit (loss)9901 | €19,868 | €1,301 | -€35,248 | ▼ 2,808% |
| Recurring financial income75 | - | €60 | - | - |
| Recurring financial charges65 | €2,763 | €5,882 | €2,440 | ▼ 58.5% |
| Profit (loss) for the period before taxes9903 | €17,105 | -€4,520 | -€37,688 | ▼ 734% |
| Income taxes67/77 | €5,580 | - | - | - |
| Profit (loss) for the period9904 | €11,525 | -€4,520 | -€37,688 | ▼ 734% |
| Profit (loss) for the period to be appropriated9905 | €11,525 | -€4,520 | -€37,688 | ▼ 734% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €249,601 | €261,235 | €63,248 | ▼ 75.8% |
| Fixed assets21/28 | €12,917 | €6,000 | €3,000 | ▼ 50.0% |
| Tangible fixed assets22/27 | €12,917 | €6,000 | €3,000 | ▼ 50.0% |
| Current assets29/58 | €236,684 | €255,235 | €60,248 | ▼ 76.4% |
| Amounts receivable within one year40/41 | €236,681 | €255,180 | €60,248 | ▼ 76.4% |
| Cash at bank and in hand54/58 | €3 | €3 | - | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €249,601 | €261,235 | €63,248 | ▼ 75.8% |
| Equity10/15 | €56,422 | €51,902 | €14,214 | ▼ 72.6% |
| Contributions10/11 | €6,200 | €6,200 | - | - |
| Reserves13 | €27,356 | €27,356 | €27,356 | = |
| Profit (loss) carried forward14 | €22,866 | €18,346 | -€19,342 | ▼ 205% |
| Amounts payable17/49 | €193,179 | €209,333 | €49,034 | ▼ 76.6% |
| Amounts payable within one year42/48 | €193,179 | €209,333 | €49,034 | ▼ 76.6% |
| Trade debts44 | €132,766 | €145,432 | €36,908 | ▼ 74.6% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €11,525 | -€4,520 | -€37,688 | ▼ 734% |
| + Depreciation and write-downs630 | €6,917 | €6,917 | €3,000 | ▼ 56.6% |
| Operating cash flow (approximation) | €18,442 | €2,396 | -€34,688 | ▼ 1,547% |
| Investment in fixed assets (approximation) | - | €0 | €0 | - |
| Change in cash | - | €0 | - | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2023
04-04
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 28-03-2023
2021
09-12
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 02-12-2021
28-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 89 days late
2020
31-12
Financial
Weakest financial yearnet -€37,688
Net result drops to -€37,688, the lowest in the series.
01-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 93 days late
2019
17-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 78 days late
2018
31-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 92 days late
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 60 days late
2016
30-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 61 days late
2015
29-08
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 29 days late
2014
30-09
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 61 days late
2013
04-10
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema · 65 days late
2012
07-08
NBB filing
Annual accounts filed
fiscal year 2011 · abbreviated schema · 7 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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 | MARTE DE CALUWé BREDESTRAAT 4,
2000 ANTWERPEN 1 |
02-12-2021 → 28-03-2023 |