ZZ CONSTRUCT
Open bankruptcyA bankruptcy procedure is open for ZZ CONSTRUCT according to publications in the Belgian State Gazette; curator: JEROEN PINOY.
Summary
The 2022 annual accounts show equity of €53k and a net result of €22k.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 23-09-2023, 54 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 · 3 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
54 d late
2021
48 d late
2020
116 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2022, micro schema
Turnover
€253k▲ 79.4%
2021 · €141k
2020: €97klowest in 3 years
2021: €141k▲ +45.6% vs 2020
2022: €253k▲ +79.4% vs 2021highest in 3 years
2020 → 2022
EBIT margin
13.7%▲ 1.2pp
2021 · 12.6%
2020: 32.0%highest in 3 years
2021: 12.6%▼ -60.7% vs 2020lowest in 3 years
2022: 13.7%▲ +9.3% vs 2021
2020 → 2022
Net result
€22k▲ 51.5%
2021 · €15k
2020: €31khighest in 3 years
2021: €15k▼ -53.1% vs 2020lowest in 3 years
2022: €22k▲ +51.5% vs 2021
2020 → 2022
Working capital
€47k▲ 54.3%
2021 · €31k
2020: €16klowest in 3 years
2021: €31k▲ +90.9% vs 2020
2022: €47k▲ +54.3% vs 2021highest in 3 years
2020 → 2022
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202020212022Trend
Turnover€97k-€141k▲ 45.6%€253k▲ 79.4%
2020: €97klowest in 3 years
2021: €141k▲ +45.6% vs 2020
2022: €253k▲ +79.4% vs 2021highest in 3 years
Equity€16k-€31k▲ 90.9%€53k▲ 72.1%
2020: €16klowest in 3 years
2021: €31k▲ +90.9% vs 2020
2022: €53k▲ +72.1% vs 2021highest in 3 years
Operating result€31k-€18k▼ 42.8%€35k▲ 96.1%
2020: €31k
2021: €18k▼ -42.8% vs 2020lowest in 3 years
2022: €35k▲ +96.1% vs 2021highest in 3 years
Net result€31k-€15k▼ 53.1%€22k▲ 51.5%
2020: €31khighest in 3 years
2021: €15k▼ -53.1% vs 2020lowest in 3 years
2022: €22k▲ +51.5% vs 2021
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2022; 2022 is 96% above 2021 and is the highest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €109k
Fixed assets
€5k
Current assets
€103k
Equity and liabilities €109k
Equity
€53k ▲ 72.1%
Debt
€56k ▲ 101%
Debt's share of the balance-sheet total rises from 47.7% to 51.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€36k
Cash flow
€23k
Current ratio
1.84▼
2021 · 2.10
Debt to equity
1.07▲
2021 · 0.91
ROE
41.9%▼
2021 · 47.6%
ROA
20.3%▼
2021 · 24.9%
Interest coverage
21.20
Debt ≤ 1 year
€56k▲
2021 · €28k
Income taxes
€11k▲
2021 · €3k
Staff costs
€34k▲
2021 · €22k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2022 against 2021 · 35 lines
Balance sheet
Code20212022
Assets
Total assets20/58€58k€109k▲
Fixed assets21/28-€5k
Tangible fixed assets22/27-€5k
Furniture and vehicles24-€5k
Current assets29/58€58k€103k▲
Amounts receivable within one year40/41€8k€36k▲
Trade receivables40-€15k
Other amounts receivable41€8k€21k▲
Cash at bank and in hand54/58€50k€67k▲
Equity and liabilities
Total equity and liabilities10/49€58k€109k▲
Equity10/15€31k€53k▲
Profit (loss) carried forward14€31k€53k▲
Amounts payable17/49€28k€56k▲
Amounts payable within one year42/48€28k€56k▲
Trade debts44€771€17k▲
Suppliers440/4€771€17k▲
Taxes, remuneration and social security45€12k€24k▲
Taxes450/3-€8k
Remuneration and social security454/9€12k€17k▲
Other amounts payable47/48€15k€15k▲
Income statement
Code20212022
Turnover70€141k€253k▲
Goods, raw materials, services and sundry goods60/61€101k€183k▲
Remuneration, social security and pensions62€22k€34k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€1k
Other operating charges640/8€347€313▼
Gross operating margin9900€40k€70k▲
Operating profit (loss)9901€18k€35k▲
Financial charges65/66B-€2k
Recurring financial charges65-€2k
Profit (loss) for the period before taxes9903€18k€33k▲
Income taxes67/77€3k€11k▲
Profit (loss) for the period9904€15k€22k▲
Profit (loss) for the period to be appropriated9905€15k€22k▲
Appropriation of the result
Profit (loss) to be appropriated9906€31k€53k▲
Profit (loss) brought forward from the previous period14P€16k€31k▲
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|
| Turnover70 | €97k | €141k | €253k | ▲ 79.4% |
| Goods, raw materials, services and sundry goods60/61 | - | €101k | €183k | ▲ 80.6% |
| Remuneration, social security and pensions62 | - | €22k | €34k | ▲ 56.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €1k | - |
| Other operating charges640/8 | - | €347 | €313 | ▼ 9.8% |
| Gross operating margin9900 | €31k | €40k | €70k | ▲ 76.5% |
| Operating profit (loss)9901 | €31k | €18k | €35k | ▲ 96.1% |
| Financial charges65/66B | - | - | €2k | - |
| Recurring financial charges65 | - | - | €2k | - |
| Profit (loss) for the period before taxes9903 | €31k | €18k | €33k | ▲ 86.5% |
| Income taxes67/77 | - | €3k | €11k | ▲ 246% |
| Profit (loss) for the period9904 | €31k | €15k | €22k | ▲ 51.5% |
| Profit (loss) for the period to be appropriated9905 | €31k | €15k | €22k | ▲ 51.5% |
| Line | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €31k | €58k | €109k | ▲ 86.1% |
| Fixed assets21/28 | - | - | €5k | - |
| Tangible fixed assets22/27 | - | - | €5k | - |
| Furniture and vehicles24 | - | - | €5k | - |
| Current assets29/58 | €31k | €58k | €103k | ▲ 76.7% |
| Amounts receivable within one year40/41 | €2k | €8k | €36k | ▲ 351% |
| Trade receivables40 | - | - | €15k | - |
| Other amounts receivable41 | - | €8k | €21k | ▲ 164% |
| Cash at bank and in hand54/58 | €29k | €50k | €67k | ▲ 33.2% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €31k | €58k | €109k | ▲ 86.1% |
| Equity10/15 | €16k | €31k | €53k | ▲ 72.1% |
| Profit (loss) carried forward14 | €16k | €31k | €53k | ▲ 72.1% |
| Amounts payable17/49 | €15k | €28k | €56k | ▲ 101% |
| Amounts payable within one year42/48 | €15k | €28k | €56k | ▲ 101% |
| Trade debts44 | €147 | €771 | €17k | ▲ 2,066% |
| Suppliers440/4 | - | €771 | €17k | ▲ 2,066% |
| Taxes, remuneration and social security45 | - | €12k | €24k | ▲ 94.7% |
| Taxes450/3 | - | - | €8k | - |
| Remuneration and social security454/9 | - | €12k | €17k | ▲ 34.5% |
| Other amounts payable47/48 | - | €15k | €15k | ▲ 3.1% |
| Line | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €31k | €15k | €22k | ▲ 51.5% |
| + Depreciation and write-downs630 | - | - | €1k | - |
| Operating cash flow (approximation) | €31k | €15k | €23k | ▲ 58.7% |
| Change in cash | - | €21k | €17k | ▼ 20.3% |
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
24-06
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · event 17-06-2025
2023
23-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 54 days late
2022
17-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 48 days late
2021
31-12
Financial
Weakest financial yearnet €15k ▼53.1%
Net result drops to €15k, the lowest in the series.
24-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 116 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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.
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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
Registered office, Jette
Ground area
126 m²
Building footprint
115 m²
Volume, LiDAR
1,151 m³
Parcel 21464E0003/00H002, Brussels · tallest building 14.3 m, ±4 floors. Linked by address, not a title deed.
11
companies at this address
See who is registered here
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21464E0003/00H002 | Brussels | 126 m² | 1 · 115 m² | 14.3 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | JEROEN PINOY STATIONSSTRAAT 117, 1840 LONDER-
ZEEL |
17-06-2025 → present |
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Of 29,779 companies in sector 41001 we hold annual accounts for 16,044. 13,113 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded09-02-2020
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
Scores and ratios are computed by Checked and are not a credit decision.