Active BE 0776.513.209Limited partnership

Zaari

Kerkeveldstraat 105 ·1020 Brussel, Belgium· 4 yrs active

Sector: Public relations and communication consultancy (73300)

Conclusion Checked

The computed 12-month bankruptcy probability of Zaari is 2.4% (moderate). The 2024 annual accounts show equity of €25k and a net result of €15k. Its solvency ranks better than 52% of 2547 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags).

Based on the State Gazette, CBE and 2 annual accounts.

Key figures

Equity	€25k
Net result	€15k
Better than sector	52%
Active	4 yrs

Financial profile 5 of 5 axes measured · computed by Checked

94 / 100

Exceptional profile, strong across almost every axis.

All 5 axes are computed from data Checked has read.

Health 100

Profitability 100

Solvency 98

Growth 85

Stability 86

Bankruptcy probability (12 mo) Checked model v1 · free

2.4% Moderate

0%0,5%1,5%4%10%≥25%

How do we compute this?

Risk Assessment rule-based

3 / 100

Low risk

Components

· 1 administrative flag (+3)

Trust signals 1 signals

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags1 events

UBO non-compliance

Checked score FY 2024 · computed

100 / 100 Excellent

050100

Computed from 6 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Indicative credit limit

€3k

estimate, not credit advice

Score history

30 2023

100 2024

purely financial, excl. current insolvency signals

Score components

Liquidity Current ratio 2.36 (≥ 1.5) +10

Quick ratio Quick ratio 2.36 (≥ 1.0) +5

Leverage Debt/equity 0.72 (< 1.0) +10

Profitability ROE 59% (≥ 10%) +10

EBITDA margin EBITDA-marge 23% (≥ 10%) +8

Interest coverage Interest coverage 153.4× (≥ 3×) +8

Profit trend Net profit up YoY +5

Equity growth Equity growing YoY +3

Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.

Financial overview2 NBB filings

Annual accounts filed on 29-12-2025 with the NBB · fiscal year 2024 · micro schema

RevenueOperating resultNet result

Sector comparison

Fiscal year 2024 · NACE 73, Advertising, market research and public relations activities · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	58.0%	56.2%	better than 52% of 2547 sector peers
Net result	€15k	€19k	better than 45% of 2549 sector peers
Equity	€25k	€43k	better than 36% of 2547 sector peers
Gross operating margin	€25k	€37k	better than 40% of 2546 sector peers
Total assets	€43k	€93k	better than 25% of 2549 sector peers

Revenue

€89k

+99.2% 23-24

EBITDA

€21k

- 23-24

Net profit

€15k

- 23-24

Cash flow

€16k

- 23-24

Total assets

€43k

+26.4% 23-24

Equity

€25k

+144.8% 23-24

Working capital

€25k

+201.5% 23-24

Income taxes

€4k

- 23-24

Debt

€18k

-24.2% 23-24

Debt ≤ 1y

€18k

-24.2% 23-24

Current ratio

2.36

+75.7% 23-24

Quick ratio

2.36

+75.7% 23-24

Solvency

58.0%

+93.7% 23-24

Debt / equity

0.72

-69.1% 23-24

ROE

59.1%

- 23-24

ROA

34.3%

- 23-24

Net margin

16.7%

- 23-24

EBITDA margin

23.4%

- 23-24

Interest coverage

153.36

- 23-24

Figures by fiscal year and ratios

Highlight YoY changes (±10%)

Fiscal year	2024	2023
Deposit	micro schema	micro schema
Revenue	€89k	€44k
EBITDA	€21k	€-3k
Net profit	€15k	€-5k
Cash flow	€16k	€-3k
Staff costs	-	-
Income taxes	€4k	-
Dividends	-	-
Total assets	€43k	€34k
Equity	€25k	€10k
Debt	€18k	€24k
of which ≤ 1y	€18k	€24k
of which > 1y	-	-
Working capital	€25k	€8k
Employees (FTE)	-	-

Ratios (computed)

	2024	2023
Current ratio	2.36	1.34
Quick ratio	2.36	1.34
Working capital ratio	56.9%	23.8%
Solvency	58.0%	30.0%
Debt / equity	0.72	2.34
Long-term debt ratio	-	-
Interest coverage	153.36	-52.35
Gross margin	18.3%	-45.9%
Net margin	16.7%	-11.2%
ROA	34.3%	-14.6%
ROE	59.1%	-48.7%
EBITDA margin	23.4%	-7.5%
Days sales outstanding	48d	181d
Days payable outstanding	39d	78d
Inventory turnover	-	-
Days inventory (DSI)	-	-

Balance-sheet composition 2024

Assets

Fixed assets €488 · 1.1% Current assets €43k · 98.9%

Equity & liabilities

Equity €25k · 58.0% Debt €18k · 42.0%

Full annual accounts (20 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2024	2023
Balance sheet, Assets
TOTAL ASSETS	20/58	€43k	€34k
Fixed assets	21/28	€488	€2k
Tangible fixed assets	22/27	€488	€2k
Current assets	29/58	€43k	€32k
Amounts receivable within one year	40/41	€30k	€22k
Cash & bank	54/58	€3k	-
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€43k	€34k
Equity	10/15	€25k	€10k
Accumulated profits (losses)	14	€25k	€10k
Amounts payable	17/49	€18k	€24k
Amounts payable within one year	42/48	€18k	€24k
Trade debts payable within one year	44	€8k	€14k
Income statement
Turnover	70	€89k	€44k
Gross operating margin	9900	€25k	€-2k
Operating result	9901	€19k	€-5k
Financial charges	65	€135	€64
Result before taxes	9903	€19k	€-5k
Income taxes	67/77	€4k	-
Net result for the period	9904	€15k	€-5k
Result to be appropriated	9905	€15k	€-5k

Legal Structure

NACE primary	Public relations and communication consultancy(73300)
Legal form	Limited partnership(612)
Incorporation	26-10-2021
Status	Active
Postal code	1020

Establishment units 1 location

Fatima Zohra El Arbaoui

Meersstraat 113, 1770 LiedekerkeActivities of head offices; management consultancy activities

since 20212.323.320.145

Real-estate footprint Source: CBE × cadastre

Flanders 1 (50%) Brussels 1 (50%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
23044A0291/00P000	Flanders	980 m²	1 · 128 m²	10.4 m · 1 fl.
21815D0151/00S003	Brussels	146 m²	1 · 137 m²	13.2 m · 3 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

All 4Signals 1Financial 1Filings 2

2025

29-12

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 151 days late

11-04

KBO administration UBO non-compliance

event 31-03-2025

2024

31-12

Financial Back to profitnet €15k

Net result €15k after one loss-making year.

27-11

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 119 days late

SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Lifecycle & Insolvency Signals1 events

11-04-2025

KBO administration UBO non-compliance

Date: 31-03-2025 · Publications in State Gazette ↗

Time machine, BS events + macro context 2021, 2026

Macro context

2020-Q2/Q3 COVID lockdown

2022 energy crisis

2023-2024 ECB rate hikes

Legend

Bankruptcy

Interim / reorg

KBO event

Belgian State Gazette reading coverage 0 of 1 acts read

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

Credit advice verdict per customer and amount

Company registry (CBE) Crossroads Bank

Activities

Activities of head offices; management consultancy activities70210Public relations and communication consultancy73300

Names & trade names

Legal nameNL

Zaari

Registration history

31-03-2025 UBO non-compliance

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