SHAZA
ActiveThe computed 12-month bankruptcy probability of SHAZA is 1.8% (moderate). The 2024 annual accounts show equity of €25k and a net result of €11k. Equity is growing by ~3.7% per year across the filed fiscal years. Its solvency ranks better than 79% of 18942 sector peers (fiscal year 2024). The company has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
80
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100▲+100
Solvency89▲+5
Growth78▲+46
Track record100
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity ample (current ratio 1.74 against 1.89 in 2023; short-term debt: 32.5% and cash: 50.1% of total assets), and 36.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Sector 56
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
63.9%
Return on assets
28.2%
Age of the figures
21 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-09-2025, 60 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
60 d late
2023
61 d late
2022
70 d late
2021
61 d late
2020
60 d late
2019
61 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€25k▲ 78.7%
2023 · €14k
2018: €24k
2019: €19k
2020: €20k
2021: €29k
2022: €30k
2023: €14k
2018 → 2024
Total assets
€40k▲ 64.8%
2023 · €24k
2018: €41k
2019: €43k
2020: €34k
2021: €37k
2022: €37k
2023: €24k
2018 → 2024
Net result
€11k
2023 · €-16k
2018: €5k
2019: €-6k
2020: €2k
2021: €9k
2022: €1k
2023: €-16k
2018 → 2024
Working capital
€10k▲ 43.9%
2023 · €7k
2018: €7k
2019: €4k
2020: €8k
2021: €19k
2022: €19k
2023: €7k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€20k-€29k▲ 45.1%€30k▲ 3.7%€14k▼ 53.1%€25k▲ 78.7%
Operating result€3k-€10k▲ 274%€2k▼ 76.4%€-15k€12k
Net result€2k-€9k▲ 484%€1k▼ 88.2%€-16k€11k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €12k after a loss of €15k in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €40k
Fixed assets
€17k▲ 71.7%
Current assets
€22k▲ 59.8%
Equity and liabilities €40k
Equity
€25k▲ 78.7%
Debt
€14k▲ 44.7%
The debt ratio falls from 41.1% to 36.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€14k▲
2023 · €-14k
Cash flow
€14k▲
2023 · €-15k
Solvency
63.9%▲
2023 · 58.9%
Current ratio
1.74▼
2023 · 1.89
Quick ratio
1.54▼
2023 · 1.56
Debt / equity
0.56▼
2023 · 0.70
ROE
44.1%▲
2023 · -113.4%
ROA
28.2%▲
2023 · -66.8%
Interest coverage
30.99▲
2023 · -13.34
Debt
€14k▲
2023 · €10k
Debt ≤ 1 year
€13k▲
2023 · €7k
Debt > 1 year
€1k▼
2023 · €2k
Income taxes
€140▲
2023 · €132
Staff costs
€24k▲
2023 · €23k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€24k€40k▲
Fixed assets21/28€10k€17k▲
Tangible fixed assets22/27€3k€11k▲
Plant, machinery and equipment23€3k€11k▲
Financial fixed assets28€7k€7k=
Current assets29/58€14k€22k▲
Stocks and contracts in progress3€3k€3k▲
Stocks30/36€3k€3k▲
Cash at bank and in hand54/58€12k€20k▲
Equity and liabilities
Total equity and liabilities10/49€24k€40k▲
Equity10/15€14k€25k▲
Contributions10/11€6k€6k=
Reserves13€2k€2k=
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€6k€17k▲
Amounts payable17/49€10k€14k▲
Amounts payable after more than one year17€2k€1k▼
Financial debts170/4€2k€1k▼
Amounts payable within one year42/48€7k€13k▲
Financial debts43€1k€1k▲
Credit institutions430/8€1k€1k▲
Trade debts44€5k€8k▲
Suppliers440/4€5k€8k▲
Taxes, remuneration and social security45€1k€4k▲
Taxes450/3€1k€4k▲
Income statement
Code20232024
Remuneration, social security and pensions62€23k€24k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€3k▲
Other operating charges640/8€4k€4k▲
Non-recurring operating charges66A€183-
Gross operating margin9900€13k€43k▲
Operating profit (loss)9901€-15k€12k▲
Financial charges65/66B€1k€463▼
Recurring financial charges65€1k€463▼
Profit (loss) for the period before taxes9903€-16k€11k▲
Income taxes67/77€132€140▲
Profit (loss) for the period9904€-16k€11k▲
Profit (loss) for the period to be appropriated9905€-16k€11k▲
Appropriation of the result
Profit (loss) to be appropriated9906€6k€17k▲
Profit (loss) brought forward from the previous period14P€22k€6k▼
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
29-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 60 days late
2024
31-12
Financial
Back to profitnet €11k
Net result €11k after one loss-making year.
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
31-12
Financial
Weakest financial yearnet €-16k ▼1601%
Net result drops to €-16k, the lowest in the series; recovery starts the following year.
09-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 70 days late
2022
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 61 days late
2021
31-12
Financial
Liquidity doublescurrent ratio 3.56
Current ratio from 1.61 to 3.56; short-term debt falls from €13k to €8k.
29-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 60 days late
2020
31-12
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
30-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 61 days late
2019
23-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 54 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
04-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 4 days late
2016
29-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 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, Gent · 1 establishment unit since 2015
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Steendam 519000 GentGround area
125 m²
Building footprint
122 m²
Volume, LiDAR
1,150 m³
Parcel 44802B0778/00B000, Flanders · tallest building 16.0 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
LA VITA NOVA
since 20152.238.375.760
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44802B0778/00B000 | Flanders | 125 m² | 1 · 122 m² | 16.0 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 2,000 EUR awarded · 2,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 2,000 EUR | 2,000 EUR |
Schemes
Hinderpremie bij openbare werken
Recognitions · licences · registrations
Food safety, FASFC
1 siteGent2.238.375.760
Similar companies · same sector, comparable size
WESTHINDER
BE 0884.708.294
Middelkerke · Eq €25k
DP-Nijlen
BE 0786.866.671
Nijlen · Eq €25k
DECO-FAC
BE 0844.757.459
Antwerpen · Eq €25k
SANDRA NOWOS
BE 0533.940.260
Avelgem · Eq €25k
BLUESETTE
BE 0446.744.683
Gent · Eq €25k
Of 20,495 companies in sector 56111 we hold annual accounts for 11,458. 9,217 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded01-12-2014
Fiscal year end31-12
Activities, NACEBEL
56101Full-service restaurants
56111Full-service restaurants
Sources
Crossroads Bank for EnterprisesNational Bank · 10 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.