Z.A.R.
ActiveThe computed 12-month bankruptcy probability of Z.A.R. is 5.5% (elevated). The 2024 annual accounts show equity of €30k and a net result of €3k. Its solvency ranks better than 50% of 18939 sector peers (fiscal year 2024). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
48
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability61▲+61
Solvency54▼-1
Growth85
Track record94
Bankruptcy probability, 12 months
5.5%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days only on tighter terms
Liquidity short (current ratio 0.65 against 0.41 in 2023; short-term debt: 55.2% and cash: 23% of total assets), and 71.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
+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 · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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
28.8%
Return on assets
3.2%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 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 · 2 filingsDeviation from the deadline
2025
not confirmed
2024
29 d late
2023
64 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Turnover
€296k▲ 478%
2023 · €51k
2023: €51k
2023 → 2024
EBIT margin
1.8%▲ 42.4pp
2023 · -40.6%
2023: -40.6%
2023 → 2024
Net result
€3k
2023 · €-23k
2023: €-23k
2023 → 2024
Working capital
€-21k▲ 43.7%
2023 · €-37k
2023: €-37k
2023 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20232024Trend
Turnover€51k-€296k▲ 478%
Equity€27k-€30k▲ 12.6%
Operating result€-21k-€5k
Net result€-23k-€3k
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: €5k after a loss of €21k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €106k
Fixed assets
€68k▲ 6.7%
Current assets
€38k▲ 46.0%
Equity and liabilities €106k
Equity
€30k▲ 12.6%
Debt
€75k▲ 20.5%
The debt ratio rises from 69.8% to 71.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€14k▲
2023 · €-19k
Cash flow
€12k▲
2023 · €-21k
Solvency
28.8%▼
2023 · 30.2%
Current ratio
0.65▲
2023 · 0.41
Quick ratio
0.44▲
2023 · 0.22
Debt / equity
2.47▲
2023 · 2.31
ROE
11.2%▲
2023 · -84.6%
ROA
3.2%▲
2023 · -25.6%
Interest coverage
7.30▲
2023 · -8.55
Debt
€75k▲
2023 · €62k
Debt ≤ 1 year
€58k▼
2023 · €62k
Debt > 1 year
€17k
Staff costs
€33k▲
2023 · €25k
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€90k€106k▲
Fixed assets21/28€64k€68k▲
Intangible fixed assets21€2k€2k▼
Tangible fixed assets22/27€61k€64k▲
Plant, machinery and equipment23€13k€11k▼
Furniture and vehicles24-€2k
Other tangible fixed assets26€48k€51k▲
Financial fixed assets28-€2k
Current assets29/58€26k€38k▲
Stocks and contracts in progress3€12k€12k▼
Stocks30/36€12k€12k▼
Amounts receivable within one year40/41€671€1k▲
Trade receivables40€18€71▲
Other amounts receivable41€653€982▲
Cash at bank and in hand54/58€12k€24k▲
Deferred charges and accrued income490/1€908€260▼
Equity and liabilities
Total equity and liabilities10/49€90k€106k▲
Equity10/15€27k€30k▲
Contributions10/11€50k€50k=
Outside capital11€50k-
Share premium1100/10€35k-
Other1109/19€15k-
Profit (loss) carried forward14€-23k€-20k▲
Amounts payable17/49€62k€75k▲
Amounts payable after more than one year17-€17k
Financial debts170/4-€17k
Amounts payable within one year42/48€62k€58k▼
Trade debts44€16k€1k▼
Suppliers440/4€16k€1k▼
Taxes, remuneration and social security45€7k€21k▲
Taxes450/3€373€8k▲
Remuneration and social security454/9€6k€13k▲
Other amounts payable47/48€40k€37k▼
Income statement
Code20232024
Turnover70€51k€296k▲
Goods, raw materials, services and sundry goods60/61€45k€261k▲
Remuneration, social security and pensions62€25k€33k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€9k▲
Other operating charges640/8€511€1k▲
Non-recurring operating charges66A-€177
Gross operating margin9900€7k€48k▲
Operating profit (loss)9901€-21k€5k▲
Financial income75/76B€0€32▲
Recurring financial income75€0€32▲
Financial charges65/66B€2k€2k▼
Recurring financial charges65€2k€2k▼
Profit (loss) for the period before taxes9903€-23k€3k▲
Profit (loss) for the period9904€-23k€3k▲
Profit (loss) for the period to be appropriated9905€-23k€3k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-23k€-20k▲
Profit (loss) brought forward from the previous period14P-€-23k
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Back to profitnet €3k
Net result €3k after one loss-making year.
03-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 64 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Liège · 1 establishment unit since 2023
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.
Rue Hemricourt 84000 LiègeGround area
347 m²
Building footprint
61 m²
Volume, LiDAR
376 m³
Parcel 62805D0053/00Y000, Wallonia · tallest building 10.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Z.A.R.
since 20232.348.835.796
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62805D0053/00Y000 | Wallonia | 347 m² | 1 · 61 m² | 10.1 m · 2 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteLiège2.348.835.796
Similar companies · same sector, comparable size
NERI-BORGHESE
BE 0643.973.793
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MATT FOOD
BE 0767.409.758
Sint-Niklaas · Eq €30k
A&B FOOD
BE 0789.784.391
Namur · Eq €31k
DO - CEU & CIE
BE 0471.215.013
Sprimont · Eq €31k
INTRAMUROS
BE 0896.981.566
Manhay · Eq €31k
Of 20,495 companies in sector 56111 we hold annual accounts for 11,455. 9,482 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded08-08-2023
Fiscal year end31-12
Activities, NACEBEL
56101Full-service restaurants
56111Full-service restaurants
47210Retail sale of fruit and vegetables
47810Retail trade
56102Limited-service restaurants
56112Limited-service restaurants, excluding mobile food services
56210Event catering
70210Activities of head offices; management consultancy activities
73300Public relations and communication consultancy
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 2 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.