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Complete company report
Generated 27-08-2026
Active BE 0674.965.590Private limited company (pre-2019)

ZA BUSINESS GROUP

· 9 yrs active
Conclusion Checked

The KBO register records legal situation 050 for ZA BUSINESS GROUP (Register: open bankruptcy); this is today's state according to the register itself, which carries no start date. The 2020 annual accounts show equity of €9k and a net result of €-6k.

Based on the State Gazette, CBE and 3 annual accounts.
Key figures
Equity €9k
Net result €-6k
Active 9 yrs
Board 1
Financial profile 5 of 5 axes measured · computed by Checked
Health0Profitability0Solvency100Growth52Stability0
30 / 100

Fragile profile, watch health in particular.

All 5 axes are computed from data Checked has read.

Health 0
Profitability 0
Solvency 100
Growth 52
Stability 0
Bankruptcy probability (12 mo) Checked model v1 · free

Bankruptcy opened

A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.

Risk Assessment rule-based
0 / 100
High riskRegister: open bankruptcy
This score counts publications in the Belgian State Gazette only. The KBO register additionally records legal situation 050 for this company; it does not feed the figure above.
Trust signals 1 signals
Register: open bankruptcy
The KBO register records legal situation 050 for this company. This is today's state according to the register itself; the register carries no start date.
Administrative Flags0 events
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Health barometer FY 2020 · computed
0 / 100 Critical
050100
Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →
Computed by Checked from the NBB filing for FY 2020 and the legal situation the KBO register itself records. Indicative, not credit advice.
Financial overview3 NBB filings
Annual accounts filed on 09-06-2021 with the NBB · fiscal year 2020 · volledig
€-50k€0€50k€100k€150kRevenue 2018: €153k€153kOperating result 2018: €6k€6kNet result 2018: €-11k€-11kRevenue 2019: €153k€153kOperating result 2019: €7k€7kNet result 2019: €-4k€-4kRevenue 2020: €32k€32kOperating result 2020: €-6k€-6kNet result 2020: €-6k€-6k201820192020
RevenueOperating resultNet result
Revenue
€32k
-78.8% 18-20
Net profit
€-6k
-55.9% 18-20
Total assets
€17k
-32.9% 18-20
Equity
€9k
-19.8% 18-20
Working capital
€9k
-19.8% 18-20
Debt
€8k
-43.5% 18-20
Debt ≤ 1y
€8k
-43.5% 18-20
Current ratio
2.14
+18.7% 18-20
Show 5 other metrics
Quick ratio
0.92
+55.9% 18-20
Solvency
53.4%
+19.6% 18-20
ROE
-68.9%
-94.4% 18-20
ROA
-36.8%
-132.4% 18-20
Net margin
-19.1%
-635.5% 18-20
Figures by fiscal year
Fiscal year2020
Depositvolledig
Revenue€32k
EBITDA-
Net profit€-6k
Cash flow-
Staff costs-
Income taxes-
Dividends-
Total assets€17k
Equity€9k
Debt€8k
of which ≤ 1y€8k
of which > 1y-
Working capital€9k
Employees (FTE)-
Ratios (computed)
2020
Current ratio2.14
Quick ratio0.92
Working capital ratio53.4%
Solvency53.4%
Debt / equity-
Long-term debt ratio-
Interest coverage-
Gross margin-
Net margin-19.1%
ROA-36.8%
ROE-68.9%
EBITDA margin-
Days sales outstanding10d
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2020
Full annual accounts (18 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2020
Balance sheet, Assets
TOTAL ASSETS 20/58€17k
Current assets 29/58€17k
Stocks & contracts in progress 3€10k
Amounts receivable within one year 40/41€900
Cash & bank 54/58€6k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€17k
Equity 10/15€9k
Contributions / capital 10/11€15k
Accumulated profits (losses) 14€-6k
Amounts payable 17/49€8k
Amounts payable within one year 42/48€8k
Income statement
Turnover 70€32k
Gross operating margin 9900€-6k
Operating result 9901€-6k
Financial charges 65€156
Result before taxes 9903€-2k
Net result for the period 9904€-2k
Result to be appropriated 9905€-2k
This table shows the latest fiscal year. 2 prior years, with figures and ratios, belong to a paid plan. See plans →
Ratios computed by Checked.
Directors & mandates 4 directors
Current directors & mandates
  • ASGHAR Muhammad
    Managing director
    State Gazette act 22145109 (09-12-2022)
    Current
    09-12-2022 → present
Former directors (3)
  • HAYAT Khizer
    Managing director
    State Gazette act 22145109 (09-12-2022)
    Former
    - → 01-10-2022
  • HAYAT Umar
    Managing director
    State Gazette act 22145109 (09-12-2022)
    Former
    - → 01-10-2022
  • HUSSAIN Zulfiqar
    Managing director
    State Gazette act 22145109 (09-12-2022)
    Former
    - → 01-10-2022
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.
Legal Structure
NACE primary -
Legal form Private limited company (pre-2019)(015)
Incorporation01-05-2017
StatusActive
Postal code-
Establishment units 1 location
ZA Business Group
Biestebroekstraat 48, 1070 AnderlechtMarkt- en straathandel in voedings- en genotmiddelen
since 20172.263.956.739
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.

Brussels 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21306C0209/00C004 Brussels 105 m² 1 · 66 m² 15.1 m · 4 fl.
21305B0191/00M015 Brussels 93 m² 1 · 92 m² 15.8 m · 4 fl.
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 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.

2022
09-12-2022
State Gazette act Director changes
2021
09-06-2021
NBB filing Annual accounts filed
fiscal year 2020 · volledig
07-01-2021
NBB filing Annual accounts filed
fiscal year 2019 · volledig
2019
24-12-2019
NBB filing Annual accounts filed
fiscal year 2018 · volledig
Belgian State Gazette reading coverage 0 of 6 acts read

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.

Belgisch Staatsblad, acts 1 acts
All acts · 1 updated 3 years ago
2022
09-12-2022 1 director appointed, 3 resigning Director changes
  • ASGHAR Muhammad, Gedelegeerd bestuurder
  • HUSSAIN Zulfiqar, Gedelegeerd bestuurder
  • HAYAT Khizer, Gedelegeerd bestuurder
  • HAYAT Umar, Gedelegeerd bestuurder
Technical details 
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    {
      "kind": "director_out",
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      },
      "reason": "de_plein_droit_dissolution",
      "subkind": "regular",
      "via_org": null,
      "statutory": null,
      "compensated": null,
      "effective_date": "2022-10-01",
      "evidence_quote": "Messieurs HUSSAIN Zulfiqar, HAYAT Khizer et HAYAT Umar cessent d\u0027\u00EAtre associ\u00E9s \u00E0 compter de ce jour.",
      "decharge_status": null,
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      "effective_date_qualifier": "immediate"
    },
    {
      "kind": "director_out",
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      },
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      "subkind": "regular",
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      "compensated": null,
      "effective_date": "2022-10-01",
      "evidence_quote": "Messieurs HUSSAIN Zuifigar et HAYAT Khizer d\u00E9missionnent de leurs postes d\u0027Administrateurs.",
      "decharge_status": "granted",
      "mandate_duration": null,
      "rep_rotation_new_rep": null,
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      "effective_date_qualifier": "immediate"
    },
    {
      "kind": "director_out",
      "role": "administrateur_d\u00E9l\u00E9gu\u00E9",
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      },
      "reason": "de_plein_droit_dissolution",
      "subkind": "regular",
      "via_org": null,
      "statutory": null,
      "compensated": null,
      "effective_date": "2022-10-01",
      "evidence_quote": "Messieurs HUSSAIN Zulfiqar, HAYAT Khizer et HAYAT Umar cessent d\u0027\u00EAtre associ\u00E9s \u00E0 compter de ce jour.",
      "decharge_status": null,
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    },
    {
      "kind": "director_in",
      "role": "administrateur_d\u00E9l\u00E9gu\u00E9",
      "person": {
        "rrn": null,
        "name": "ASGHAR Muhammad",
        "address": null,
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      },
      "reason": null,
      "subkind": "regular",
      "via_org": null,
      "statutory": null,
      "compensated": null,
      "effective_date": null,
      "evidence_quote": "Mr. ASGHAR Muhammad 5 parts sociales",
      "decharge_status": null,
      "mandate_duration": null,
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": null
    }
  ],
  "notary": {
    "name": null,
    "firm_city": null,
    "firm_name": null,
    "office_city": "Bruxelles",
    "is_associated": false
  },
  "act_meta": {
    "language": "fr",
    "pub_date": "2022-12-09",
    "filing_date": "2022-11-29",
    "act_kind_objet": "D\u00E9mission-Admission-Cession"
  },
  "decisions": [
    {
      "body": "buitengewone_algemene_vergadering",
      "date": "2022-10-01",
      "unanimous": true
    }
  ],
  "is_correction": false,
  "subject_company": {
    "kbo": "0674.965.590",
    "name_full": "ZA BUSINESS GROUP",
    "legal_form": "SRL"
  },
  "publication_proxy": {
    "kind": "none",
    "org_kbo": null,
    "org_name": null,
    "person_name": null,
    "org_rep_person_name": null,
    "person_role_at_subject": null
  },
  "co_filed_documents": [],
  "corrected_publication_numac": null
}
Credit advice verdict per customer and amount

May this customer buy amount X on invoice? Enter the amount and the payment term. This page computes a GREEN, AMBER or RED verdict from them, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
Company registry (CBE) Crossroads Bank
Names & trade names
Legal nameFR ZA BUSINESS GROUP
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative