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Checked processes every Belgian company, act by act, from the Belgian Official Gazette. The data below is real and verified, this company's full, act-by-act verified dossier is still being assembled.
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Summary
Conclusion
the dossier summarised in one paragraphThe computed 12-month bankruptcy probability of Zah! is 0.2% (very low). The 2024 annual accounts show equity of €163k and a net result of €-39k. Its solvency ranks better than 50% of 52 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 1 annual account.
Filing behaviour
From the deposit records, complete market-wideLatest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 03-07-2025, 28 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.
How we compute the deadline
There is a single filed set of accounts, closing on 31-12. That date is certain, but one observation does not establish the rhythm (a first financial year may run longer than twelve months), so we project no following year. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2024, that is 31-07-2025.
Deadline per financial year
| Year closed | Due by | Filed | Variance | Reference |
|---|---|---|---|---|
| 31-12-2024 | 31-07-2025 | 03-07-2025 | 28 d early | 2025-00232843 |
Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.
Trust signals
2 signalsYoung company
Founded in 2023, under 3 years, statistically higher risk.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
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.
Bankruptcy probability (12 mo)
Checked model v1 · free for everyone0.2%
Very low
0%0,5%1,5%4%10%≥25%
Lower-risk legal form
−Young company
+Lower-failure-rate sector
−
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
Financials
Turnover€1.03M
EBIT margin-1.5%
Net result€-39k
Working capital€53k
Annual accounts & ratios
Source: NBB · 2024Annual accounts filed on 03-07-2025 with the NBB · fiscal year 2024 · volledig
Sector comparison
Fiscal year 2024 · NACE 90 · compared within the same schema type (full schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 40.3% | 40.5% | |
| Net result | €-39k | €9k | |
| Equity | €163k | €91k | |
| Gross operating margin | €6k | €34k | |
| Total assets | €404k | €302k |
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
| Fiscal year | 2024 |
|---|---|
| Deposit | volledig |
| Revenue | €1.03M |
| EBITDA | €5k |
| Net profit | €-39k |
| Cash flow | €-19k |
| Staff costs | - |
| Income taxes | - |
| Dividends | - |
| Total assets | €404k |
| Equity | €163k |
| Debt | €241k |
| of which ≤ 1y | €141k |
| of which > 1y | €100k |
| Working capital | €53k |
| Employees (FTE) | - |
Ratios (computed)
| 2024 | |
|---|---|
| Current ratio | 1.38 |
| Quick ratio | 1.38 |
| Working capital ratio | 13.1% |
| Solvency | 40.3% |
| Debt / equity | 1.48 |
| Long-term debt ratio | 0.62 |
| Interest coverage | 0.20 |
| Gross margin | 0.5% |
| Net margin | -3.8% |
| ROA | -9.7% |
| ROE | -24.1% |
| EBITDA margin | 0.5% |
| Days sales outstanding | 13d |
| Days payable outstanding | 42d |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Balance-sheet composition 2024
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €404k |
| Fixed assets | 21/28 | €210k |
| Intangible fixed assets | 21 | €185k |
| Tangible fixed assets | 22/27 | €24k |
| Current assets | 29/58 | €194k |
| Amounts receivable within one year | 40/41 | €144k |
| Cash & bank | 54/58 | €49k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €404k |
| Equity | 10/15 | €163k |
| Contributions / capital | 10/11 | €202k |
| Accumulated profits (losses) | 14 | €-39k |
| Amounts payable | 17/49 | €241k |
| Amounts payable after one year | 17 | €100k |
| Amounts payable within one year | 42/48 | €141k |
| Trade debts payable within one year | 44 | €118k |
| Income statement | ||
| Turnover | 70 | €1.03M |
| Gross operating margin | 9900 | €6k |
| Operating result | 9901 | €-16k |
| Financial charges | 65 | €24k |
| Result before taxes | 9903 | €-39k |
| Net result for the period | 9904 | €-39k |
| Result to be appropriated | 9905 | €-39k |
Ratios computed by Checked.
Health barometer
FY 2024 · computed45
/ 100
Fair
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Unlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.
See plans →Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.
Directors
Directors & mandates
under verificationDirectors derived from a single State Gazette act, under verification
All 3 current directors first appear in the same act (25145178). Founders or capital subscribers may have been counted as directors here; the real board composition is being verified.
Current directors & mandates
-
Current01-10-2025 → present
-
Current01-10-2025 → present
-
Current17-05-2025 → present
Former directors (1)
-
Former17-05-2025 → 01-10-2025
2 events
- 01-10-2025 Resigned· Managing director
- 17-05-2025 Appointed· Director
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.
Insolvency mandates
No insolvency mandates (liquidators, administrators) on record for this company.
Legal Structure
| NACE primary | Promotie en organisatie van scheppende en uitvoerende kunstevenementen(90391) |
| Legal form | Cooperative company(706) |
| Incorporation | 23-11-2023 |
| Status | Active |
| Postal code | 5150 |
Structure & network
Locations & real estate
Registered office
on the map · from the address registerEstablishment units
1 locationZah!
since 20232.353.398.954
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area1,360 m²
Buildings1
Building footprint136 m²
Volume (LiDAR)769 m³
Tallest building7.8 m · ±2 fl.
Real-estate footprint
Source: CBE × cadastre · address linkingParcels 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. |
|---|---|---|---|---|
| 92045A0742/00V008 | Wallonia | 1,360 m² | 1 · 136 m² | 7.8 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.
Publications
Lifecycle & Insolvency Signals
No insolvency signals in the Belgian State Gazette
Belgisch Staatsblad · acts
2 acts All acts · 2
updated 9 months ago
2025
14-11-2025 4 directors appointed, 1 resigning
- Thérèse-Marie BOUCHAT, Bestuurder
- Jean-Yves LAFFINEUR, Bestuurder
- Florence HIGUET, Gedelegeerd bestuurder
- Arnaud de Brye, Gedelegeerd bestuurder
- Jean-Yves LAFFINEUR, Gedelegeerd bestuurder
Summary:
v3.2
2023
27-11-2023 Incorporation of a new CommV
Summary:
oprichting
Analysis
Snowflake analysis
financial profile on 5 axes46
/ 100
Mixed profile: strong on solvency, weaker on profitability.
Computed on 4 of 5 axes. Not measured: growth. An unmeasured axis is not a zero: no data was read for it.
Health
45
Profitability
3
Solvency
70
Growth
-
Stability
67
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Credit advice
verdict per customer and amountSimilar
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We hold annual accounts for 157 of the 3,491 companies in this sector. 100 of them are within a factor 10 of this company's equity.
Company registry
Company registry (CBE)
Crossroads BankActivities
Promotie en organisatie van uitvoerende kunstevenementen90021Promotie en organisatie van scheppende en uitvoerende kunstevenementen90391Detailhandel in dranken in gespecialiseerde winkels, algemeen assortiment47252Detailhandel in dranken, algemeen assortiment47252Adviesbureaus op het gebied van public relations en communicatie70210Activiteiten van adviesbureaus op het gebied van public relations en communicatie73300Overige ondersteunende activiteiten voor de uitvoerende kunsten90029Ondersteunende activiteiten voor scheppende kunsten90032Creatie van beeldende kunsten90120Andere ondersteunende activiteiten voor scheppende en uitvoerende kunst, neg90399Overige recreatie- en ontspanningsactiviteiten, n.e.g.93299Overige recreatie- en ontspanningsactiviteiten, neg93299
Primary activity highlighted.
Names & trade names
| Legal nameFR | Zah! |
Registered office
Rue Célestin-Hastir 105
5150 Floreffe, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.