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Generated 13-08-2026
Active BE 1002.589.624Cooperative company

Zah!

Rue Célestin-Hastir 105 ·5150 Floreffe, Belgium· 2 yrs active
Sector: Promotie en organisatie van scheppende en uitvoerende kunstevenementen (90391)
Conclusion Checked

The 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.
Key figures
Equity €163k
Net result €-39k
Better than sector 50%
Active 2 yrs
Snowflake analysis 4 of 5 axes measured · computed by Checked
Health45Profitability3Solvency70Growth-Stability67
46 / 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
Bankruptcy probability (12 mo) Checked model v1 · free
0.2% Very low
0%0,5%1,5%4%10%≥25%
Lower-risk legal form −Lower-failure-rate sector −Young company +

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 2 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, and the KBO register records a normal legal situation.
Administrative Flags 0 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 2024 · computed
45 / 100 Fair
050100
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.

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Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.
Financial overview1 NBB filings
Annual 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%
better than 50% of 52 sector peers
Net result €-39k €9k
better than 7% of 52 sector peers
Equity €163k €91k
better than 60% of 52 sector peers
Gross operating margin €6k €34k
better than 24% of 50 sector peers
Total assets €404k €302k
better than 53% of 52 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Fiscal year2024
Depositvolledig
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 ratio1.38
Quick ratio1.38
Working capital ratio13.1%
Solvency40.3%
Debt / equity1.48
Long-term debt ratio0.62
Interest coverage0.20
Gross margin0.5%
Net margin-3.8%
ROA-9.7%
ROE-24.1%
EBITDA margin0.5%
Days sales outstanding13d
Days payable outstanding42d
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 Code2024
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.
Directors & mandates 4 directors
Directors 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
  • Arnaud de Brye
    Managing director
    State Gazette act 25145178 (14-11-2025)
    Current
    01-10-2025 → present
  • Florence HIGUET
    Managing director
    State Gazette act 25145178 (14-11-2025)
    Current
    01-10-2025 → present
  • Thérèse-Marie BOUCHAT
    Director
    State Gazette act 25145178 (14-11-2025)
    Current
    17-05-2025 → present
Former directors (1)
  • Jean-Yves LAFFINEUR
    Director
    State Gazette act 25145178 (14-11-2025)
    Former
    17-05-2025 → 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.
Legal Structure
NACE primary Promotie en organisatie van scheppende en uitvoerende kunstevenementen(90391)
Legal form Cooperative company(706)
Incorporation23-11-2023
StatusActive
Postal code5150
Establishment units 1 location
Zah!
Rue Célestin-Hastir 105, 5150 FloreffeDetailhandel in dranken, algemeen assortiment
since 20232.353.398.954
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.
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.
Updates 3 events

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

2025
14-11-2025
State Gazette act Director changes
v3.2
03-07-2025
NBB filing Annual accounts filed
fiscal year 2024 · volledig
2023
27-11-2023
State Gazette act Incorporation
oprichting
Belgisch Staatsblad, acts 2 acts
All acts · 2 updated 9 months ago
2025
14-11-2025 4 directors appointed, 1 resigning Director changes
  • 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
Technical details 
{
  "events": [
    {
      "kind": "director_in",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "Th\u00E9r\u00E8se-Marie BOUCHAT",
        "address": null,
        "birth_date": null
      },
      "effective_date": "2025-05-17",
      "evidence_quote": "L\u0027Assembl\u00E9e g\u00E9n\u00E9rale \u00E9lit \u00E0 l\u0027unanimit\u00E9: \u2022Th\u00E9r\u00E8se-Marie BOUCHAT \u2022Jean-Yves LAFFINEUR en qualit\u00E9 d\u0027administrateur trices, pour une dur\u00E9e de 4 ans prenant cours ce jour."
    },
    {
      "kind": "director_in",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "Jean-Yves LAFFINEUR",
        "address": null,
        "birth_date": null
      },
      "effective_date": "2025-05-17",
      "evidence_quote": "L\u0027Assembl\u00E9e g\u00E9n\u00E9rale \u00E9lit \u00E0 l\u0027unanimit\u00E9: \u2022Th\u00E9r\u00E8se-Marie BOUCHAT \u2022Jean-Yves LAFFINEUR en qualit\u00E9 d\u0027administrateur trices, pour une dur\u00E9e de 4 ans prenant cours ce jour."
    },
    {
      "kind": "director_out",
      "role": "gedelegeerd_bestuurder",
      "person": {
        "rrn": null,
        "name": "Jean-Yves LAFFINEUR",
        "address": null,
        "birth_date": null
      },
      "effective_date": "2025-10-01",
      "evidence_quote": "Le d\u00E9part de Jean-Yves Laffineur au 1er octobre 2025 signifie \u00E9galement la fin de son mandat de d\u00E9l\u00E9gu\u00E9 \u00E0 la gestion journali\u00E8re de l\u0027Asbl et de la SC."
    },
    {
      "kind": "director_in",
      "role": "gedelegeerd_bestuurder",
      "person": {
        "rrn": null,
        "name": "Florence HIGUET",
        "address": null,
        "birth_date": null
      },
      "effective_date": "2025-10-01",
      "evidence_quote": "En attendant la nomination de la nouvelle direction, Florence Higuet et Arnaud de Brye sont d\u00E9sign\u00E9s comme d\u00E9l\u00E9gu\u00E9 es \u00E0 la gestion journali\u00E8re \u00E0 partir du 1er octobre 2025."
    },
    {
      "kind": "director_in",
      "role": "gedelegeerd_bestuurder",
      "person": {
        "rrn": null,
        "name": "Arnaud de Brye",
        "address": null,
        "birth_date": null
      },
      "effective_date": "2025-10-01",
      "evidence_quote": "En attendant la nomination de la nouvelle direction, Florence Higuet et Arnaud de Brye sont d\u00E9sign\u00E9s comme d\u00E9l\u00E9gu\u00E9 es \u00E0 la gestion journali\u00E8re \u00E0 partir du 1er octobre 2025."
    }
  ],
  "schema": "v3.2",
  "act_meta": {
    "model_id": 36,
    "extractor": "constrained-core-35b"
  },
  "subject_company": {
    "kbo": "1002.589.624",
    "name_full": "ZAH!",
    "legal_form": "SC"
  }
}
2023
27-11-2023 Incorporation of a new CommV Incorporation
Summary: oprichting
Technical details 
{
  "kind": "oprichting",
  "seat": "5150 Floreffe, rue C\u00E9lestin Hastir, 105",
  "schema": "v3.2",
  "act_meta": {
    "model_id": 36,
    "extractor": "constrained-core-35b"
  },
  "founders": [],
  "capital_eur": 0,
  "subject_company": {
    "kbo": "1002.589.624",
    "name_full": "Soci\u00E9t\u00E9",
    "legal_form": "CommV"
  },
  "initial_directors": [],
  "incorporation_date": "2023-11-27",
  "post_incorporation_mandates": []
}
Credit advice verdict per customer and amount

Should this customer buy amount X on invoice? Enter the amount and payment terms, you get an instant GREEN/AMBER/RED verdict, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
AI due-diligence brief Checked AI

Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.

Coming soon
The brief is drafted by our AI model at Anthropic in the US, from this dossier's public data. Nothing that identifies you is sent along and we do not keep the brief. Indicative, not legal or investment advice. How it works
Company registry (CBE) Crossroads Bank
Activities
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.
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Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative