ZAI
ActiveSummary
ZAI has been active since 2012 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €72,031 and a net result of €5,066. Equity has been growing by about 18% per year since 2018. Its solvency ranks better than 89% of 5,039 sector peers (NACE 47, financial year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 18-12-2012 Normal situation
- Activity
- Non-specialised retail sale with food, beverages or tobacco predominating NACE 47110and 2 others
- Establishment unit
- 2.218.734.052 2580 Putte, since 01-05-2013
- Financial year end
- 31 December
- Peppol
- Reachable since 12-01-2026
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.6%
- Gross margin
- €12,755
- ▼ 18.4%
- Turnover
- ≈ €370,000
- estimated
- Profit
- €5,066
- ▼ 41.9%
- Equity
- €72,031
- ▲ 7.6%
- Total assets
- €90,329
- ▲ 22.0%
- 2025 accounts filed 54 days after the deadline
Score breakdownraises riskLast filed accounts filed 54 days late; 2 of the last 3 accounts lateSize: total assets €90,329lowers riskFounded in 2012Liquidity: current ratio 4.38, cash €17,345Show the evidence
Checked score
About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 47, micro). It does better than 92% of them on solvency, 74% on liquidity, 45% on profitability and 57% on growth.
The bankruptcy probability was computed on 01-11-2026 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.
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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 73 days after the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, full format
2025 annual accounts filed 54 days after the deadline Filed on 23 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00524946.
Annual accounts 2025 filed on 23-09-2026 at the NBB all 13 filings
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result for 2025 is 34% lower than in 2024.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Retail trade (NACE 47). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €3,201 | - | - | €3,018 | €6,688 |
| Depreciation and write-downs of the year | €3,938 | €695 | €695 | €1,298 | €2,892 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | - | - | €3,770 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,159 | €4,054 | €3,554 | €3,938 | €695 | €695 | €1,298 | €2,892 | ▲ 123% |
| Other operating charges640/8 | - | - | - | €727 | €1,001 | €2,087 | €545 | €799 | ▲ 46.6% |
| Gross operating margin9900 | €5,753 | €11,979 | €2,053 | -€6,139 | €2,390 | €18,627 | €15,623 | €12,755 | ▼ 18.4% |
| Operating profit (loss)9901 | €2,022 | €3,906 | -€2,601 | -€10,805 | €695 | €12,075 | €13,780 | €9,064 | ▼ 34.2% |
| Financial income75/76B | - | - | - | €31,828 | €187 | - | - | - | - |
| Recurring financial income75 | €54 | €27 | €1 | €31,828 | €187 | - | - | - | - |
| Financial charges65/66B | - | - | - | €260 | €374 | €603 | €2,390 | €2,587 | ▲ 8.2% |
| Recurring financial charges65 | €611 | €594 | €339 | €260 | €374 | €603 | €2,390 | €2,587 | ▲ 8.2% |
| Profit (loss) for the period before taxes9903 | €1,465 | €3,339 | €7,815 | €20,763 | €508 | €11,472 | €11,390 | €6,477 | ▼ 43.1% |
| Income taxes67/77 | €1,281 | €1,514 | €227 | €117 | €52 | - | €2,664 | €1,411 | ▼ 47.0% |
| Profit (loss) for the period9904 | €185 | €1,825 | €7,589 | €20,646 | €456 | €11,472 | €8,726 | €5,066 | ▼ 41.9% |
| Profit (loss) for the period to be appropriated9905 | €185 | €1,825 | €7,589 | €20,646 | €456 | €11,472 | €8,726 | €5,066 | ▼ 41.9% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €56,443 | €56,926 | €55,277 | €55,387 | €62,341 | €75,469 | €74,056 | €90,329 | ▲ 22.0% |
| Fixed assets21/28 | €12,636 | €10,266 | €6,712 | €5,974 | €5,280 | €4,585 | €6,305 | €10,101 | ▲ 60.2% |
| Tangible fixed assets22/27 | €9,696 | €7,326 | €3,772 | €3,034 | €2,340 | €1,645 | €3,365 | €7,161 | ▲ 113% |
| Plant, machinery and equipment23 | - | - | - | €2,817 | €2,177 | €1,536 | €3,311 | €7,161 | ▲ 116% |
| Other tangible fixed assets26 | - | - | - | €218 | €163 | €109 | €54 | - | - |
| Financial fixed assets28 | €2,940 | €2,940 | €2,940 | €2,940 | €2,940 | €2,940 | €2,940 | €2,940 | = |
| Current assets29/58 | €43,807 | €46,660 | €48,565 | €49,412 | €57,062 | €70,884 | €67,751 | €80,228 | ▲ 18.4% |
| Stocks and contracts in progress3 | €36,373 | €33,169 | €38,674 | €21,479 | €52,702 | €52,145 | €53,956 | €61,013 | ▲ 13.1% |
| Stocks30/36 | - | - | - | €21,479 | €52,702 | €52,145 | €53,956 | €61,013 | ▲ 13.1% |
| Amounts receivable within one year40/41 | €670 | - | €39 | €741 | - | - | €864 | €1,870 | ▲ 116% |
| Other amounts receivable41 | - | - | - | €741 | - | - | €864 | €1,870 | ▲ 116% |
| Current investments50/53 | - | - | - | - | €2,713 | - | - | - | - |
| Cash at bank and in hand54/58 | €6,227 | €13,188 | €9,490 | €26,811 | €1,647 | €18,739 | €12,931 | €17,345 | ▲ 34.1% |
| Deferred charges and accrued income490/1 | - | - | - | €381 | - | - | - | - | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €56,443 | €56,926 | €55,277 | €55,387 | €62,341 | €75,469 | €74,056 | €90,329 | ▲ 22.0% |
| Equity10/15 | €16,251 | €18,076 | €25,665 | €46,311 | €46,767 | €58,239 | €66,965 | €72,031 | ▲ 7.6% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Contributions outside capital11 | - | - | - | - | - | €18,600 | €18,600 | €18,600 | = |
| Other1109/19 | - | - | - | - | - | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | - | - | €7,065 | €27,711 | €28,167 | €28,167 | €28,167 | €28,167 | = |
| Distributable reserves133 | - | - | - | €27,711 | €28,167 | €28,167 | €28,167 | €28,167 | = |
| Profit (loss) carried forward14 | -€2,349 | -€524 | - | - | - | €11,472 | €20,198 | €25,264 | ▲ 25.1% |
| Amounts payable17/49 | €40,192 | €38,850 | €29,612 | €9,076 | €15,575 | €17,230 | €7,091 | €18,298 | ▲ 158% |
| Amounts payable after more than one year17 | €13,573 | €13,928 | €9,000 | - | - | - | - | - | - |
| Amounts payable within one year42/48 | €26,619 | €24,922 | €20,612 | €9,076 | €15,575 | €17,230 | €7,091 | €18,298 | ▲ 158% |
| Trade debts44 | €8,389 | €7,047 | €2,990 | €4,586 | €5,054 | €8,040 | €5,687 | €8,664 | ▲ 52.3% |
| Suppliers440/4 | - | - | - | €4,586 | €5,054 | €8,040 | €5,687 | €8,664 | ▲ 52.3% |
| Taxes, remuneration and social security45 | - | - | - | €344 | €8,280 | €496 | - | €1,800 | - |
| Taxes450/3 | - | - | - | €344 | €1,280 | €496 | - | €1,800 | - |
| Remuneration and social security454/9 | - | - | - | - | €7,000 | - | - | - | - |
| Other amounts payable47/48 | - | - | - | €4,146 | €2,241 | €8,694 | €1,404 | €7,834 | ▲ 458% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €185 | €1,825 | €7,589 | €20,646 | €456 | €11,472 | €8,726 | €5,066 | ▼ 41.9% |
| + Depreciation and write-downs630 | €3,159 | €4,054 | €3,554 | €3,938 | €695 | €695 | €1,298 | €2,892 | ▲ 123% |
| Operating cash flow (approximation) | €3,344 | €5,879 | €11,143 | €24,585 | €1,150 | €12,167 | €10,024 | €7,958 | ▼ 20.6% |
| Investment in fixed assets (approximation) | - | -€1,685 | €0 | -€3,201 | €0 | -€0 | -€3,018 | -€6,688 | ▼ 122% |
| Change in cash | - | €6,961 | -€3,698 | €17,321 | -€25,164 | €17,092 | -€5,808 | €4,414 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 34,693 companies had the same profile as ZAI has now. Two years later, 0.7% had gone bankrupt and 95.3% were still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
That fits the bankruptcy probability of ZAI itself: 0.6% within 12 months.
Test of the method
The method was tested on the 497,446 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 34,693 companies, not a prediction for ZAI. 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.
Latest 10 of 13 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 23-09-2026 | 2026-00524946 | |
| 31-12-2024 | abbreviated format | 19-08-2025 | 2025-00384424 | |
| 31-12-2023 | abbreviated format | 06-11-2024 | 2024-00531147 | |
| 31-12-2022 | micro format | 27-10-2023 | 2023-00497494 | |
| 31-12-2021 | micro format | 08-10-2022 | 2022-20455060 | |
| 31-12-2020 | abbreviated format | 27-09-2021 | 2021-68500209 | |
| 31-12-2019 | abbreviated format | 30-11-2020 | 2020-74700079 | |
| 31-12-2018 | abbreviated format | 30-08-2019 | 2019-62400085 | |
| 31-12-2017 | abbreviated format | 31-08-2018 | 2018-60700124 | |
| 31-12-2016 | abbreviated format | 31-08-2017 | 2017-56800019 |
Board & ownership
Directors
Owners and capital
Capital transactions
- 26-02-2024 Converted to unavailable equity
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Hussain Tariq |
|
| Tariq Shazia |
|
Articles of association
- Liquidation ruleIn a liquidation the creditors are paid first. What is left goes to the shareholders.
- “Alle machten artikel 2:87 Wetboek van vennootschappen en verenigingen zonder bijzondere machtiging algemene vergadering, algemene…”
Articles of association, deed of 26-02-2024 (in Dutch)
Network & group
ZAI shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of ZAI. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
26-02
Gazette deed
Resignation: TARIQ Shazia (manager)Appointment: HUSSAIN Tariq (director) · Amendment of the articles · Registered office clause9 points ▸
- General meeting, 20-02-2024
- Amendment of the articles, mentioned 2 times in the deed
- Registered office clause, “adres van zetel buiten statuten laten, Tweede besluit” (deed in Dutch)
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Reserve release, “overeenkomstig vormen en meerderheden van statutenwijziging, statutair onbeschikbare eigen vermogensrekening opheffen en middelen beschikbaar maken voor uitkeri…” (deed in Dutch)
- Director resignation, TARIQ Shazia (manager)
- Director appointment, HUSSAIN Tariq (director (not named in the articles))
- Power of attorney, Adrienne Spaepen
- Power of attorney
27-12
Gazette deed
Appointment: Tariq Shazia (director)Resignation: Hussain Tariq (director) · Director discharge4 points ▸
- General meeting, 30-09-2022
- Director appointment, Tariq Shazia (director)
- Director resignation, Hussain Tariq (director)
- Director discharge, Hussain Tariq
Show earlier events
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
12 activities
- Kleinhandel in algemene voedingswaren, alcoholische dranken, rookwaren en huishoudelijke artikelen, omvattende eveneens de kleinhandel in drogisterij, verf, onderhoudsproducten en – artikelen, zowel onder het statuut van dagwinkel als van nachtwinkel en op openbare markten.
- Het uitbaten van drankgelegenheden, hotels, logements- en spijshuizen en restaurants, alsmede de organisatie van alle aanverwante horeca-activiteiten, zoals ondermeer het organiseren van feesten, vertoningen, optredens en happenings, dit alles zowel voor eigen rekening als in opdracht en voor rekening van derden.
- Artisanale brood- en banketbakkerij, vervaardiging van chocolade en chocoladeproducten.
- Het uitbaten van gelegenheden voor telecommunicatie en internet.
- De klein- en groothandel, alsook de verhuur van video-tapes, geluidsbanden, DVD’s, CD’s, software en alle erop betrekking hebbende apparatuur.
- De in- en uitvoer, groot- en kleinhandel in producten van de visvangst, land- en tuinbouw, veeteelt en voedingsbedrijven, scheikundige nijverheid, papiernijverheid en van de drukkunst; ledernijverheid, textiel- en kledingnijverheid, keramische-, glas- en bouwnijverheid, kunst- en precisienijverheid, alsmede van recuperatieproducten; electrische en electronische apparatuur, huishoudtoestellen, televisie, video en andere diverse artikelen.
- De kleinhandel in schoonheidsproducten en toiletartikelen, en eventueel bijkomstig, de verkoop van: producten opgenomen in de andere rubrieken van de kleinhandel voor zover deze diverse categorieën producten geen uitgebreide assortimenten vormen.
- Het reinigen van het interieur van allerlei gebouwen, kantoren, fabrieken, winkels, scholen, appartementsgebouwen, enzovoort.
- Het vervoer over land, te water en in de lucht van diverse goederen zowel voor eigen rekening als in opdracht en voor rekening van derden. De bevrachting. Optreden als makelaar inzake transportactiviteiten. Alle expediteursactiviteiten.
- Het uitbaten van een carwash en werkplaats voor diverse onderhoud aan alle soorten voertuigen.
- Optreden als tussenpersoon in de handel.
- Vertegenwoordiging van binnen- zowel als buitenlandse vennootschappen met een gelijkaardige activiteit en dit onder meer door de exploitatie en deelname door middel van inbreng, versmelting en oprichting en om het even op welke wijze, aan alle handels-, nijverheids- of industriële ondernemingen, verenigingen en vennootschappen die een gelijkaardig voorwerp nastreven.
Invoicing and payment
Financial year and general meeting
Accounts at the NBBRecognitions · licences · registrations
Food safety, FASFC
1 siteSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 12029A0749/00M000 | Flanders | 258 m² | 1 · 234 m² | 12.8 m · 1 |