THE ZONE
ActiveSummary
THE ZONE has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (€-106k) and a net result of €69k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 16% of 3022 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability98▲+18
Solvency0=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.47 against 0.36 in 2023; short-term debt: 135.7% and cash: 18.5% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 93
Relative position
BE, all sectors
reference
Sports, amusement and recreation activities (NACE 93)
about 50% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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
-35.7%
Return on assets
23.1%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 3022 sector peers (2024).
NBB · sector comparisonPosition among 3022 sector peers
Solvency
better than 16%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 22-07-2025, 9 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
9 d early
2023
19 d early
2022
31 d late
2021
31 d late
2020
125 d late
2019
122 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€-106k▲ 39.3%
2023 · €-175k
2018: €57k
2019: €61k▲ +7.0% vs 2018
2020: €46k▼ -24.4% vs 2019
2021: €100k▲ +116% vs 2020highest in 7 years
2022: €-200k▼ -300% vs 2021lowest in 7 years
2023: €-175k▲ +12.2% vs 2022
2024: €-106k▲ +39.3% vs 2023
2018 → 2024
Total assets
€298k▲ 6.4%
2023 · €280k
2018: €317k
2019: €380k▲ +19.8% vs 2018
2020: €400k▲ +5.2% vs 2019
2021: €512k▲ +28.1% vs 2020highest in 7 years
2022: €232k▼ -54.6% vs 2021lowest in 7 years
2023: €280k▲ +20.5% vs 2022
2024: €298k▲ +6.4% vs 2023
2018 → 2024
Net result
€69k▲ 183%
2023 · €24k
2018: €17k
2019: €4k▼ -76.3% vs 2018
2020: €-15k▼ -473% vs 2019
2021: €54k▲ +459% vs 2020
2022: €-299k▼ -659% vs 2021lowest in 7 years
2023: €24k▲ +108% vs 2022
2024: €69k▲ +183% vs 2023highest in 7 years
2018 → 2024
Working capital
€-216k▲ 26.2%
2023 · €-292k
2018: €-190khighest in 7 years
2019: €-215k▼ -13.3% vs 2018
2020: €-250k▼ -15.9% vs 2019
2021: €-208k▲ +16.6% vs 2020
2022: €-280k▼ -34.3% vs 2021
2023: €-292k▼ -4.5% vs 2022lowest in 7 years
2024: €-216k▲ +26.2% vs 2023
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€46k-€100k▲ 116%€-200k€-175k▲ 12.2%€-106k▲ 39.3%
2020: €46k
2021: €100k▲ +116% vs 2020highest in 5 years
2022: €-200k▼ -300% vs 2021lowest in 5 years
2023: €-175k▲ +12.2% vs 2022
2024: €-106k▲ +39.3% vs 2023
Operating result€-8k-€61k€11k▼ 81.8%€26k▲ 136%€90k▲ 242%
2020: €-8klowest in 5 years
2021: €61k▲ +855% vs 2020
2022: €11k▼ -81.8% vs 2021
2023: €26k▲ +136% vs 2022
2024: €90k▲ +242% vs 2023highest in 5 years
Net result€-15k-€54k€-299k€24k€69k▲ 183%
2020: €-15k
2021: €54k▲ +459% vs 2020
2022: €-299k▼ -659% vs 2021lowest in 5 years
2023: €24k▲ +108% vs 2022
2024: €69k▲ +183% vs 2023highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 242% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €298k
Fixed assets
€109k ▼ 6.6%
Current assets
€189k ▲ 15.7%
Key figures and ratios
EBITDA
€114k▲
2023 · €51k
Cash flow
€93k▲
2023 · €49k
Solvency
-35.7%▲
2023 · -62.5%
Current ratio
0.47▲
2023 · 0.36
Quick ratio
0.45▲
2023 · 0.35
Debt to equity
-3.80▼
2023 · -2.60
ROA
23.1%▲
2023 · 8.7%
Interest coverage
30.69▼
2023 · 32.41
Debt
€404k▼
2023 · €455k
Debt ≤ 1 year
€404k▼
2023 · €455k
Income taxes
€11k▲
2023 · €449
Staff costs
€47k▲
2023 · €42k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €6k | €2k | €2k | ▲ 23.4% |
| Remuneration, social security and pensions62 | - | €10k | €22k | €42k | €47k | ▲ 12.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €17k | €22k | €22k | €24k | €24k | ▼ 0.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €4k | €-4k | €0 | - | - |
| Other operating charges640/8 | - | €4k | €10k | €1k | €4k | ▲ 152% |
| Gross operating margin9900 | €24k | €101k | €61k | €94k | €165k | ▲ 75.2% |
| Operating profit (loss)9901 | €-8k | €61k | €11k | €26k | €90k | ▲ 242% |
| Financial income75/76B | - | €140 | €34 | €3 | €158 | ▲ 6,156% |
| Recurring financial income75 | €0 | €140 | €34 | €3 | €158 | ▲ 6,156% |
| Financial charges65/66B | - | €9k | €310k | €2k | €10k | ▲ 533% |
| Recurring financial charges65 | €872 | €4k | €310k | €2k | €4k | ▲ 138% |
| Non-recurring financial charges66B | - | €5k | €0 | - | €6k | - |
| Profit (loss) for the period before taxes9903 | €-15k | €53k | €-299k | €25k | €80k | ▲ 224% |
| Income taxes67/77 | - | €-1k | €496 | €449 | €11k | ▲ 2,449% |
| Profit (loss) for the period9904 | €-15k | €54k | €-299k | €24k | €69k | ▲ 183% |
| Profit (loss) for the period to be appropriated9905 | €-15k | €54k | €-299k | €24k | €69k | ▲ 183% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €400k | €512k | €232k | €280k | €298k | ▲ 6.4% |
| Fixed assets21/28 | €300k | €308k | €80k | €117k | €109k | ▼ 6.6% |
| Tangible fixed assets22/27 | €88k | €94k | €78k | €114k | €106k | ▼ 6.8% |
| Plant, machinery and equipment23 | - | €31k | €23k | €14k | €24k | ▲ 73.8% |
| Furniture and vehicles24 | - | €13k | €15k | €18k | €14k | ▼ 25.2% |
| Other tangible fixed assets26 | - | €50k | €41k | €82k | €68k | ▼ 16.4% |
| Financial fixed assets28 | €212k | €214k | €2k | €3k | €3k | = |
| Current assets29/58 | €100k | €204k | €152k | €163k | €189k | ▲ 15.7% |
| Stocks and contracts in progress3 | €4k | €5k | €6k | €6k | €6k | ▲ 2.6% |
| Stocks30/36 | - | €5k | €6k | €6k | €6k | ▲ 2.6% |
| Amounts receivable within one year40/41 | €14k | €118k | €116k | €120k | €127k | ▲ 5.9% |
| Trade receivables40 | - | €39k | €18k | €22k | €29k | ▲ 31.4% |
| Other amounts receivable41 | - | €79k | €98k | €98k | €98k | ▲ 0.1% |
| Cash at bank and in hand54/58 | €7k | €6k | €28k | €36k | €55k | ▲ 54.0% |
| Deferred charges and accrued income490/1 | - | €75k | €2k | €2k | €604 | ▼ 61.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €400k | €512k | €232k | €280k | €298k | ▲ 6.4% |
| Equity10/15 | €46k | €100k | €-200k | €-175k | €-106k | ▲ 39.3% |
| Contributions10/11 | €62k | €62k | €62k | €62k | €62k | = |
| Capital10 | - | €62k | €62k | €62k | €62k | = |
| Issued capital100 | - | €62k | €62k | €62k | €62k | = |
| Reserves13 | €1k | €1k | €1k | €1k | €1k | = |
| Non-distributable reserves130/1 | - | €1k | €1k | €1k | €1k | = |
| Legal reserve130 | - | €1k | €1k | €1k | €1k | = |
| Profit (loss) carried forward14 | €-17k | €36k | €-263k | €-239k | €-170k | ▲ 28.9% |
| Amounts payable17/49 | €353k | €412k | €432k | €455k | €404k | ▼ 11.2% |
| Amounts payable after more than one year17 | €4k | €0 | - | - | - | - |
| Financial debts170/4 | - | €0 | - | - | - | - |
| Amounts payable within one year42/48 | €350k | €412k | €432k | €455k | €404k | ▼ 11.2% |
| Current portion of amounts payable after more than one year42 | - | €521 | €0 | - | - | - |
| Trade debts44 | €33k | €64k | €53k | €83k | €69k | ▼ 16.8% |
| Suppliers440/4 | - | €64k | €53k | €83k | €69k | ▼ 16.8% |
| Taxes, remuneration and social security45 | - | €2k | €8k | €12k | €23k | ▲ 92.7% |
| Taxes450/3 | - | €1k | €4k | €3k | €17k | ▲ 426% |
| Remuneration and social security454/9 | - | €1k | €4k | €9k | €6k | ▼ 29.5% |
| Other amounts payable47/48 | - | €346k | €371k | €361k | €312k | ▼ 13.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-15k | €54k | €-299k | €24k | €69k | ▲ 183% |
| + Depreciation and write-downs630 | €17k | €22k | €22k | €24k | €24k | ▼ 0.5% |
| Operating cash flow (approximation) | €2k | €76k | €-277k | €49k | €93k | ▲ 90.9% |
| Investment in fixed assets (approximation) | - | €-30k | €206k | €-61k | €-17k | ▲ 72.8% |
| Change in cash | - | €-858 | €22k | €8k | €19k | ▲ 155% |
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
22-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €69k ▲183%
Operating result €90k, net result €69k, both a record.
12-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €24k
Net result €24k after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Weakest financial yearnet €-299k
Net result drops to €-299k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Back to profitnet €54k
Net result €54k after one loss-making year.
03-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 125 days late
2020
30-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 122 days late
2019
11-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 72 days late
2018
05-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 66 days late
2017
12-10
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 73 days late
2016
30-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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 2003
Ground area
292 m²
Building footprint
132 m²
Volume, LiDAR
1,029 m³
Parcel 44809I0597/00M002, Flanders · tallest building 10.6 m, ±3 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
THE ZONE
since 20032.146.177.062
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44809I0597/00M002 | Flanders | 291 m² | 1 · 132 m² | 10.6 m · 3 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteGent2.146.177.062
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Of 3,294 companies in sector 93110 we hold annual accounts for 1,495. 1,089 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded25-07-2003
Fiscal year end31-12
Activities, NACEBEL 2025
93110Operation of sports facilities
93299Other amusement and recreation activities
Scores and ratios are computed by Checked and are not a credit decision.