Equity
-€18,849
Debts exceed assets in financial year 2025.
ZAHFARAN
Lifetime
16 annual accounts with figures on one time axispeak €27,157 (2025)
€27,157▲ 21.8%
lowest -€25,174 (2024)
-€8,934▲ €16,241
peak €17,893 (2022)
-€18,849▼ €8,934
€33,408▲ 28.0%
peak 1 FTE (2019)
-not published
Board1 name since 2009
1 directorOLCA Matlup
Documentsfilings and deeds
29-08-202629 days late
2025micro format
Gross margin from €22,288 to €27,157Loss of €8,934Equity from -€9,915 to -€18,849Debts from €26,104 to €33,408
Key points
from the 2025 annual accountsLosses
-€36,742 in three years
Every financial year from 2023 to 2025 closed with a loss. 2024 was the heaviest.
Turnover
≈ €90,000 estimated
The micro format states no turnover.
Debts
€33,408 229% of the balance sheet
Suppliers 4%Taxes and wages 56%Other 41%
Of this, €33,184 falls due within a year.
Filings
16 annual accounts since 2010
Five of the last ten came late. The 2024 accounts came latest: 61 days after the end of the period.
Position in the sector
-129.5%
Lower solvency than 94% of companies in repair of computers and personal goods. Sector median 37.8% · 3,328 companies.
Checked score
53
Fair
Financially stronger than 16% of micro companies in repair of computers and personal goods (NACE 95)
Probability in this band: 1.5% to 4.2%
Negative equity caps the score at 59.
Bankruptcy probability within 12 months
0.8% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.5% across 5,138 companies (NACE 95, micro).
About 8 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.3%
01-2025: 0.3%● unchanged vs 12-2024
02-2025: 0.3%● unchanged vs 01-2025
03-2025: 0.3%● unchanged vs 02-2025
04-2025: 0.3%● unchanged vs 03-2025
05-2025: 0.2%▼ -0.1 percentage points vs 04-2025lowest value
06-2025: 0.2%● unchanged vs 05-2025
07-2025: 0.3%▲ +0.1 percentage points vs 06-2025
08-2025: 0.5%▲ +0.2 percentage points vs 07-2025
09-2025: 0.5%● unchanged vs 08-2025
10-2025: 1.3%▲ +0.8 percentage points vs 09-2025
11-2025: 1.3%● unchanged vs 10-2025
12-2025: 1.3%● unchanged vs 11-2025
01-2026: 1.3%● unchanged vs 12-2025
02-2026: 1.3%● unchanged vs 01-2026
03-2026: 1.2%▼ -0.1 percentage points vs 02-2026
04-2026: 1.2%● unchanged vs 03-2026
05-2026: 1.2%● unchanged vs 04-2026
06-2026: 1.2%● unchanged vs 05-2026
07-2026: 1.3%▲ +0.1 percentage points vs 06-2026
08-2026: 1.5%▲ +0.2 percentage points vs 07-2026highest value
09-2026: 0.8%▼ -0.7 percentage points vs 08-2026
10-2026: 0.8%● unchanged vs 09-2026
11-2026: 0.8%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: negative equity
Loss of €8,934, the second in a row (financial year 2025)
Negative equity -€18,849
lowers risk
Size: total assets €14,560
Liquidity: current ratio 0.44, cash €11,661
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 95, micro). It does better than 6% of them on solvency, 47% on liquidity, 5% on profitability and 5% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 6,907 companies had the same profile as ZAHFARAN has now. Each dot stands for 18 companies, two years later.
85.4%
were still trading
8.1%
stopped another way
5.8%
went bankrupt
Another 0.7% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of ZAHFARAN itself is lower: 0.8% within 12 months. It rests on far more data about ZAHFARAN than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,907 companies, not a prediction for ZAHFARAN. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
No credit on open account
Liquidity is insufficient, with a current ratio of 0.44 (0.53 in 2024), below 1. Short-term debt is 227.9% and cash 80.1% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€18,849
raises risk · 2025 accounts filed 29 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-08-2026, 29 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
29 days late
2024
61 days late
2023
30 days late
2022
32 days late
2021
2 days early
2020
29 days late
2019
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 26 days after the deadline. In the sector (NACE 95), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 31 August (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0811368178
1 manager resigning, 1 director reappointed
Resignation: OLCA Matlup (director, formerly manager) · Reappointment: OLCA Matlup (director) · Permanent representative: OLCA Matlup · General meeting of 28-12-2023 · Gazette deed
First establishment
Bredabaan 358, Antwerp
Incorporation
published on 05-05-2009 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| ZAHFARAN Antwerp | €14,560 | €27,157 | -129.5% | - |
| FIETSEN DIRK Ghent | €14,354 | €20,281 | -2028.8% | - |
| L'ARTISAN COUTURIER Brussels | €20,833 | €44,523 | -16.9% | - |
| AMV Invest Deinze | €19,146 | €62,302 | -1563.8% | - |
| D & A Management Antwerp | €37,873 | €40,558 | 82.1% | - |
| AMSAMDAM Brussels | €29,769 | €24,693 | 58.0% | - |
| EURO-COUTURE Anderlecht | €35,076 | €20,675 | 64.1% | - |
These companies have the same main activity as ZAHFARAN: repair and maintenance of other personal and household goods (NACE 95290). They are comparable in size and age: total assets between €14,400 and €37,900, founded between 2002 and 2013.
Official details
Source: KBO- Status
- Active since 24-04-2009Normal situation
- Activity
- Repair and maintenance of other personal and household goodsNACE 95290and 2 others
- Joint committee
- 215White-collar workers in the clothing and garment industry · annual accounts 2023
- Establishment unit
- 2.177.891.4112170 Antwerp, since 01-05-2009
- Financial year end
- 31 December
- Peppol
- Reachable since 29-12-2025
Insights on ZAHFARAN
ZAHFARAN files the micro format. That format states no turnover. The gross margin rose from -€931 in 2010 to €27,157 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about ZAHFARAN
- What is the company number of ZAHFARAN?
- The company number of ZAHFARAN is 0811.368.178. The VAT number is the same number with BE in front: BE 0811.368.178.
- Where is ZAHFARAN based?
- The registered office is at Bredabaan 358, 2170 Antwerp.Company details
- What does ZAHFARAN do?
- According to the KBO register, the main activity is repair and maintenance of other personal and household goods (NACE 95290).
- What is the legal form of ZAHFARAN?
- ZAHFARAN is a private limited company (BV).
- When was ZAHFARAN founded?
- ZAHFARAN was founded on 24-04-2009.
- Is ZAHFARAN still active?
- Yes, ZAHFARAN is an active enterprise in the KBO register.
- How many employees does ZAHFARAN have?
- ZAHFARAN had an average of 1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does ZAHFARAN fall under?
- In its 2023 annual accounts, ZAHFARAN states joint committee 215 (White-collar workers in the clothing and garment industry).
- What is the turnover of ZAHFARAN?
- The turnover in financial year 2025 is ≈ €90,000. This figure is estimated from the gross margin of €27,157 and 59 comparable companies (NACE 95). It probably lies between €61,000 and €200,000.
- Is ZAHFARAN profitable?
- In financial year 2025, ZAHFARAN made a loss of €8,934.
- Where can I find the annual accounts of ZAHFARAN?
- ZAHFARAN filed 16 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of ZAHFARAN due?
- ZAHFARAN must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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