ZZ LOCATION
Inactive1 interim measureInactive; last annual accounts for fiscal year 2023.
Summary
ZZ LOCATION was declared bankrupt on 06-01-2025 (Ondernemingsrechtbank Gent, afdeling Dendermonde); the bankruptcy was closed for insufficient assets by judgment of 27-10-2025, published in the Belgian State Gazette on 03-11-2025.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 30-09-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 2 filingsPosition against the passed deadline
30-09-2024 close30-04-2025 deadline29-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2023 was due by 30-04-2024 and was filed on 15-01-2024, 106 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
106 d early
2022
10 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 2 accounts on average 58 days before 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 2023, micro schema
Equity
€13,421▲ 28.9%
2022 · €10,409
Total assets
€18,749▲ 76.2%
2022 · €10,638
Net result
€3,012▼ 61.9%
2022 · €7,909
Working capital
€7,754▼ 6.9%
2022 · €8,331
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20222023
Operating result€7,951-€3,232▼ 59.3%
Net result€7,909-€3,012▼ 61.9%
Equity€10,409-€13,421▲ 28.9%
Total assets€10,638-€18,749▲ 76.2%
Debt€229-€5,328▲ 2,225%
Working capital€8,331-€7,754▼ 6.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2023; 2023 is 59% below 2022.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €18,749
Fixed assets
€5,667 ▲ 173%
Current assets
€13,082 ▲ 52.8%
Equity and liabilities €18,749
Equity
€13,421 ▲ 28.9%
Debt
€5,328 ▲ 2,225%
Debt's share of the balance-sheet total rises from 2.2% to 28.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€5,428▼
2022 · €8,990
Cash flow
€5,208▼
2022 · €8,948
Current ratio
2.46▼
2022 · 37.36
Debt to equity
0.40▲
2022 · 0.02
ROE
22.4%▼
2022 · 76.0%
ROA
16.1%▼
2022 · 74.3%
Interest coverage
24.60▼
2022 · 216.25
Debt ≤ 1 year
€5,328▲
2022 · €229
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2022 | 2023 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,039 | €2,196 | ▲ 111% |
| Other operating charges640/8 | €933 | - | - |
| Gross operating margin9900 | €9,923 | €5,428 | ▼ 45.3% |
| Operating profit (loss)9901 | €7,951 | €3,232 | ▼ 59.3% |
| Financial charges65/66B | €42 | €221 | ▲ 431% |
| Recurring financial charges65 | €42 | €221 | ▲ 431% |
| Profit (loss) for the period before taxes9903 | €7,909 | €3,012 | ▼ 61.9% |
| Profit (loss) for the period9904 | €7,909 | €3,012 | ▼ 61.9% |
| Profit (loss) for the period to be appropriated9905 | €7,909 | €3,012 | ▼ 61.9% |
| Line | 2022 | 2023 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €10,638 | €18,749 | ▲ 76.2% |
| Fixed assets21/28 | €2,078 | €5,667 | ▲ 173% |
| Tangible fixed assets22/27 | €2,078 | €5,667 | ▲ 173% |
| Furniture and vehicles24 | €2,078 | €5,667 | ▲ 173% |
| Current assets29/58 | €8,560 | €13,082 | ▲ 52.8% |
| Amounts receivable within one year40/41 | €1,760 | €6,239 | ▲ 254% |
| Trade receivables40 | - | €6,239 | - |
| Other amounts receivable41 | €1,760 | - | - |
| Cash at bank and in hand54/58 | €6,800 | €6,843 | ▲ 0.6% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €10,638 | €18,749 | ▲ 76.2% |
| Equity10/15 | €10,409 | €13,421 | ▲ 28.9% |
| Contributions10/11 | €2,500 | €2,500 | = |
| Capital10 | €2,500 | €2,500 | = |
| Issued capital100 | €2,500 | €2,500 | = |
| Profit (loss) carried forward14 | €7,909 | €10,921 | ▲ 38.1% |
| Amounts payable17/49 | €229 | €5,328 | ▲ 2,225% |
| Amounts payable within one year42/48 | €229 | €5,328 | ▲ 2,225% |
| Trade debts44 | €229 | €2,829 | ▲ 1,135% |
| Suppliers440/4 | €229 | €2,829 | ▲ 1,135% |
| Taxes, remuneration and social security45 | - | €2,499 | - |
| Taxes450/3 | - | €2,499 | - |
| Line | 2022 | 2023 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €7,909 | €3,012 | ▼ 61.9% |
| + Depreciation and write-downs630 | €1,039 | €2,196 | ▲ 111% |
| Operating cash flow (approximation) | €8,948 | €5,208 | ▼ 41.8% |
| Investment in fixed assets (approximation) | - | -€5,785 | - |
| Change in cash | - | €43 | - |
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
2025
03-11
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Gent, afdeling Dendermonde · event 27-10-2025
10-01
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Dendermonde · event 06-01-2025
2024
18-12
Interim measure
Provisional administrator
Ondernemingsrechtbank Gent · LAURI MONSECOUR
15-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
20-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
SignalNBB filing
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 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
2 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | JOHAN BOGAERT SCHOOLSTRAAT 15, 9200 DENDER-
MONDE |
06-01-2025 → 27-10-2025 |
| Interim administrator | LAURI MONSECOUR | 18-12-2024 → present |