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Generated 30-07-2026
Active BE 0789.516.751Private limited company

ZAFI CYCLES

Rue du Charnois 4 ·1342 Ottignies-Louvain-la-Neuve, Belgium· 3 yrs active
Sector: NACE 16281 (16281)
Conclusion Checked

The computed 12-month bankruptcy probability of ZAFI CYCLES is 3.4% (moderate). The 2023 annual accounts show equity of €6k and a net result of €846. Its solvency ranks better than 18% of 188 sector peers (fiscal year 2023). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 1 annual account.
Key figures
Equity €6k
Net result €846
Better than sector 18%
Active 3 yrs
Snowflake analysis 5 axes · computed by Checked
Health68Profitability72Solvency19Growth50Stability79
58 / 100

Mixed profile: strong on stability, weaker on solvency.

Health 68
Profitability 72
Solvency 19
Growth 50
Stability 79
Bankruptcy probability (12 mo) Checked model v1 · free
3.4% Moderate
0%0,5%1,5%4%10%≥25%
Young company +Annual accounts: weaker financial profile +Multiple establishment units +

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
More than 3 years active
Founded in 2022, past the statistically most fragile first 3 years.
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 2023 · computed
68 / 100 Healthy
050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.
Financial overview1 NBB filings
Annual accounts filed on 07-10-2024 with the NBB · fiscal year 2023 · volledig
Sector comparison
Fiscal year 2023 · NACE 16 · compared across all schema types (micro, abbreviated and full combined)
Metric This company Sector median Position in the sector
Solvency 5.3% 33.0%
better than 18% of 188 sector peers
Net result €846 €10k
better than 29% of 188 sector peers
Equity €6k €37k
better than 20% of 188 sector peers
Gross operating margin €3k €37k
better than 16% of 182 sector peers
Total assets €110k €142k
better than 41% of 188 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Fiscal year2023
Revenue-
EBITDA€3k
Net profit€846
Cash flow€2k
Staff costs-
Income taxes€369
Dividends-
Total assets€110k
Equity€6k
Debt€105k
of which ≤ 1y€74k
of which > 1y€31k
Working capital€13k
Employees (FTE)-
Ratios (computed)
2023
Current ratio1.17
Quick ratio1.16
Working capital ratio11.5%
Solvency5.3%
Debt / equity17.90
Long-term debt ratio5.30
Interest coverage18.70
Gross margin-
Net margin-
ROA0.8%
ROE14.5%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2023
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2023
Balance sheet, Assets
TOTAL ASSETS 20/58€110k
Fixed assets 21/28€24k
Tangible fixed assets 22/27€24k
Current assets 29/58€86k
Stocks & contracts in progress 3€1k
Amounts receivable within one year 40/41€81k
Cash & bank 54/58€5k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€110k
Equity 10/15€6k
Contributions / capital 10/11€5k
Accumulated profits (losses) 14€846
Amounts payable 17/49€105k
Amounts payable after one year 17€31k
Amounts payable within one year 42/48€74k
Trade debts payable within one year 44€45k
Income statement
Gross operating margin 9900€3k
Operating result 9901€2k
Financial charges 65€179
Result before taxes 9903€1k
Income taxes 67/77€369
Net result for the period 9904€846
Result to be appropriated 9905€846
Ratios computed by Checked.
Legal Structure
NACE primary 16281
Legal form Private limited company(610)
Incorporation09-08-2022
StatusActive
Postal code1342
Establishment units 2 locations
ZAFI CYCLES
Rue du Charnois 4, 1342 Ottignies-Louvain-la-NeuveVervaardiging van fietsen en andere rijwielen zonder motor, inclusief bakfietsen, tandems en ook kinderfietsen en -driewielers
since 20222.334.371.118
ZAFI CYCLES
Louizalaan 231, 1050 ElseneActiviteiten van ingenieurs en aanverwante technische adviseurs, exclusief landmeters-experts
since 20242.360.780.357
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 (50%) Brussels 1 (50%)
Parcel (capakey) Region Area Buildings Height / fl.
21807G0131/00T000 Brussels 5,672 m² 1 · 3,878 m² 45.8 m · 8 fl.
25056A0536/00F000 Wallonia 5,447 m² 1 · 175 m² 9.3 m · 2 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 2 events

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

2024
07-10-2024
NBB filing Annual accounts filed
fiscal year 2023 · volledig
2022
11-08-2022
State Gazette act Minor change
constitution · Edouard-Jean NAVEZ
Belgisch Staatsblad, acts 1 acts
All acts · 1 updated 3 years ago
2022
11-08-2022 Publication in the Belgian Official Gazette, Minor change Minor change·Edouard-Jean NAVEZ
Summary: constitutionNotary: Edouard-Jean NAVEZ · WavreFirm: WATHELET & NAVEZ, Notaires Associés
Technical details 
{
  "notary": {
    "name": "Edouard-Jean NAVEZ",
    "firm_city": null,
    "firm_name": "WATHELET \u0026 NAVEZ, Notaires Associ\u00E9s",
    "office_city": "Wavre",
    "is_associated": true
  },
  "act_meta": {
    "language": "fr",
    "pub_date": "2022-08-11",
    "filing_date": "2022-08-09",
    "act_kind_objet": "CONSTITUTION"
  },
  "decision": {
    "body": "notarieel_alleen",
    "date": "2022-08-08",
    "unanimous": true
  },
  "agm_change": null,
  "detected_kind": "constitution",
  "other_address": null,
  "mandate_renewal": null,
  "subject_company": {
    "kbo": "0789.516.751",
    "name_full": "ZAFI CYCLES",
    "legal_form": "SRL"
  },
  "accounts_deposit": {
    "filing_kind": null,
    "fiscal_year_end": "2022-12-31",
    "filing_reference": null
  },
  "publication_proxy": {
    "kind": "none",
    "org_kbo": null,
    "org_name": null,
    "person_name": null,
    "org_rep_person_name": null
  },
  "co_filed_documents": [
    "expedition de l\u2019acte",
    "les statuts coordonn\u00E9s"
  ],
  "fiscal_year_change": null,
  "liquidation_closure": null,
  "officer_designation": {
    "role": "administrateur",
    "organ": "raad_van_bestuur",
    "person_name": "MALVAUX Simon"
  },
  "special_procuration": null,
  "is_volet_a_only_stub": false,
  "vakbekwaamheid_change": null,
  "should_reroute_to_category": null,
  "single_shareholder_declaration": {
    "art_csa": null,
    "effective_date": null,
    "shareholder_kbo": null,
    "shareholder_name": "MALVAUX Simon Pierre Paul Marie"
  }
}
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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
Vervaardiging van andere artikelen van hout16281Vervaardiging van andere artikelen van hout16291
Primary activity highlighted.
Names & trade names
Legal nameFR ZAFI CYCLES
Registered office
Rue du Charnois 4
1342 Ottignies-Louvain-la-Neuve, 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