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Complete company report
Generated 30-07-2026
Active BE 0804.665.676Private limited company

Z.A.R.

Rue Hemricourt 8 ·4000 Liège, Belgium· 2 yrs active
Sector: Food & beverage service (56111)
Conclusion Checked

The computed 12-month bankruptcy probability of Z.A.R. is 4.7% (elevated). The 2024 annual accounts show equity of €30k and a net result of €3k. Its solvency ranks better than 60% of 5597 sector peers (fiscal year 2024). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 2 annual accounts.
Key figures
Equity €30k
Net result €3k
Better than sector 60%
Active 2 yrs
Snowflake analysis 5 axes · computed by Checked
Health63Profitability37Solvency37Growth85Stability82
61 / 100

Strong profile, led by growth.

Health 63
Profitability 37
Solvency 37
Growth 85
Stability 82
Bankruptcy probability (12 mo) Checked model v1 · free
4.7% Elevated
0%0,5%1,5%4%10%≥25%
Higher-failure-rate sector +Young company +Higher-failure-rate region +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based
0 / 100
Low risk
Trust signals 3 signals
Young company
Founded in 2023, under 3 years, statistically higher risk.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad.
Administratively compliant
No FOD Economie strikeouts (UBO, accounts, address, activity).
Administrative Flags 0 events
No administrative flags
Health barometer FY 2024 · computed
63 / 100 Healthy
050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.
Financial overview2 NBB filings
Annual accounts filed on 29-08-2025 with the NBB · fiscal year 2024 · micro
€-100k€0€100k€200k€300kRevenue 2023: €51k€51kOperating result 2023: €-21k€-21kNet result 2023: €-23k€-23kRevenue 2024: €296k€296kOperating result 2024: €5k€5kNet result 2024: €3k€3k20232024
RevenueOperating resultNet result
Sector comparison
Fiscal year 2024 · NACE 56, Food & beverage service · compared within the same schema type (micro schema)
Metric This company Sector median Position in the sector
Solvency 28.8% 19.3%
better than 60% of 5597 sector peers
Net result €3k €4k
better than 49% of 5586 sector peers
Equity €30k €14k
better than 65% of 5608 sector peers
Gross operating margin €48k €52k
better than 48% of 5572 sector peers
Staff costs €33k €50k
higher than 40% of 4052 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Revenue
€296k
+478.4% 23-24
EBITDA
€14k
- -87% vs sector
Net profit
€3k
- -94% vs sector
Cash flow
€12k
- -85% vs sector
Total assets
€106k
+18.1% -73% vs sector
Equity
€30k
+12.6% -91% vs sector
Working capital
€-21k
+43.7% far below sector median
Staff costs
€33k
+33.4% -74% vs sector
Debt
€75k
+20.5% -18% vs sector
Debt ≤ 1y
€58k
-6.6% -21% vs sector
Debt > 1y
€17k
- -49% vs sector
Current ratio
0.65
+56.3% -83% vs sector
Quick ratio
0.44
+102.0% -89% vs sector
Solvency
28.8%
-4.7% -61% vs sector
Debt / equity
2.47
+7.0% far above sector median
ROE
11.2%
- -21% vs sector
ROA
3.2%
- -68% vs sector
Net margin
1.2%
- 23-24
EBITDA margin
4.7%
- 23-24
Interest coverage
7.30
- -65% vs sector
Figures by fiscal year
Fiscal year2024
Revenue€296k
EBITDA€14k
Net profit€3k
Cash flow€12k
Staff costs€33k
Income taxes-
Dividends-
Total assets€106k
Equity€30k
Debt€75k
of which ≤ 1y€58k
of which > 1y€17k
Working capital€-21k
Employees (FTE)-
Ratios (computed)
2024
Current ratio0.65
Quick ratio0.44
Working capital ratio-19.5%
Solvency28.8%
Debt / equity2.47
Long-term debt ratio0.55
Interest coverage7.30
Gross margin11.9%
Net margin1.2%
ROA3.2%
ROE11.2%
EBITDA margin4.7%
Days sales outstanding0d
Days payable outstanding2d
Inventory turnover21.36
Days inventory (DSI)17d
Balance-sheet composition 2024
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2024
Balance sheet, Assets
TOTAL ASSETS 20/58€106k
Fixed assets 21/28€68k
Intangible fixed assets 21€2k
Tangible fixed assets 22/27€64k
Financial fixed assets 28€2k
Current assets 29/58€38k
Stocks & contracts in progress 3€12k
Amounts receivable within one year 40/41€1k
Cash & bank 54/58€24k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€106k
Equity 10/15€30k
Contributions / capital 10/11€50k
Accumulated profits (losses) 14€-20k
Amounts payable 17/49€75k
Amounts payable after one year 17€17k
Amounts payable within one year 42/48€58k
Trade debts payable within one year 44€1k
Income statement
Turnover 70€296k
Gross operating margin 9900€48k
Operating result 9901€5k
Financial income 75€32
Financial charges 65€2k
Result before taxes 9903€3k
Net result for the period 9904€3k
Result to be appropriated 9905€3k
You're seeing the latest fiscal year only. Unlock 1 prior year (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.
Legal Structure
NACE primary Food & beverage service(56111)
Legal form Private limited company(610)
Incorporation08-08-2023
StatusActive
Postal code4000
Establishment units 1 location
Z.A.R.
Rue Hemricourt 8, 4000 LiègeEetgelegenheden met volledige bediening
since 20232.348.835.796
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
62805D0053/00Y000 Wallonia 347 m² 1 · 61 m² 10.1 m · 2 fl.
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates 4 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2025
29-08-2025
NBB filing Annual accounts filed
fiscal year 2024 · micro
06-02-2025
State Gazette act Director changes
2024
03-10-2024
NBB filing Annual accounts filed
fiscal year 2023 · micro
14-02-2024
State Gazette act Director changes
Belgisch Staatsblad, acts 2 acts
All acts · 2 updated 1 year ago
2025
06-02-2025 2 directors appointed, 1 resigning Director changes
  • Vansichem Martin, Bestuurder
  • Bourouag Malik, Secretaris
  • Licata Raimondo, Bestuurder
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2024
14-02-2024 2 directors appointed, 4 resigning Director changes
  • Fabrice Licata, Bestuurder
  • Malik Bourouag, Bestuurder
  • Roland Pellaers, Bestuurder
  • Françoise Bihet, Bestuurder
  • Allison Pellaers, Bestuurder
  • Eric Swartenbrouckx, Bestuurder
Technical details 
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Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
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Company registry (CBE) Crossroads Bank
Activities
Eetgelegenheden met volledige bediening56101Activiteiten van eetgelegenheden met volledige bediening56111Detailhandel in groenten en fruit47210Eetgelegenheden met beperkte bediening56102Activiteiten van eetgelegenheden met beperkte bediening, muv mobiele eetgelegenheden56112Catering56210Catering van evenementen56210Adviesbureaus op het gebied van public relations en communicatie70210Activiteiten van adviesbureaus op het gebied van public relations en communicatie73300Overige zakelijke dienstverlening, n.e.g.82990Overige zakelijke dienstverlening, neg82990
Primary activity highlighted.
Names & trade names
Legal nameFR Z.A.R.
Registered office
Rue Hemricourt 8
4000 Liège, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative