ZAIO
ActiveSummary
The computed 12-month bankruptcy probability of ZAIO is 2.7% (moderate). The 2025 annual accounts show negative equity (-€53,345) and a net result of -€309. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 7% of 18716 sector peers (fiscal year 2025). The company has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability35▲+35
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
2.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.4 against 0.55 in 2024; short-term debt: 231.3% and cash: 69.7% of total assets), and equity is negative.
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Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-161.2%
Return on assets
-0.9%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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 -€53,345
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 05-07-2026, 26 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
26 d early
2024
5 d late
2023
3 d late
2022
20 d late
2021
19 d early
2020
26 d late
2019
91 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 14 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 4 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Turnover
€240,314
EBIT margin
6.9%
Net result
-€309▲ 98.5%
2024 · -€20,642
Working capital
-€46,268▼ 3.6%
2024 · -€44,650
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover
Operating result€12,252-€7,289-€25,387▼ 248%€2,946-€245
Net result€12,201within the sector's middle half-€7,352below the sector's middle half-€25,413below the sector's middle half▼ 246%-€20,642below the sector's middle half▲ 18.8%-€309within the sector's middle half▲ 98.5%
EBIT margin
Equity-€30below the sector's middle half▲ 99.8%-€6,982below the sector's middle half▼ 23,242%-€32,395below the sector's middle half▼ 364%-€53,037below the sector's middle half▼ 63.7%-€53,345below the sector's middle half▼ 0.6%
Total assets€38,930below the sector's middle half▼ 33.2%€46,910below the sector's middle half▲ 20.5%€29,847below the sector's middle half▼ 36.4%€56,556below the sector's middle half▲ 89.5%€33,093below the sector's middle half▼ 41.5%
Debt€38,959▼ 44.7%€53,892▲ 38.3%€62,241▲ 15.5%€109,592▲ 76.1%€86,438▼ 21.1%
Working capital€7,494within the sector's middle half€5,294within the sector's middle half▼ 29.4%-€24,008below the sector's middle half-€44,650below the sector's middle half▼ 86.0%-€46,268below the sector's middle half▼ 3.6%
Solvency-0.1%below the sector's middle half▲ 20.9pp-14.9%below the sector's middle half▼ 14.8pp-108.5%below the sector's middle half▼ 93.7pp-93.8%below the sector's middle half▲ 14.8pp-161.2%below the sector's middle half▼ 67.4pp
Current ratio1.26within the sector's middle half▲ 0.391.13within the sector's middle half▼ 0.130.54below the sector's middle half▼ 0.590.55below the sector's middle half▲ 0.010.40below the sector's middle half▼ 0.16
Return on assets (ROA)31.3%above the sector's middle half▲ 31.8pp-15.7%below the sector's middle half▼ 47.0pp-85.1%below the sector's middle half▼ 69.5pp-36.5%below the sector's middle half▲ 48.6pp-0.9%within the sector's middle half▲ 35.6pp
Staff (FTE)0.50.91.4▲ 55.6%1▼ 28.6%
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €245 after €2,946 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €33,093
Fixed assets
€2,823 ▲ 86.6%
Current assets
€30,270 ▼ 45.0%
Key figures and ratios
Quick ratio
0.33▼
2024 · 0.47
Debt to equity
-1.62▲
2024 · -2.07
Debt ≤ 1 year
€76,538▼
2024 · €99,692
Debt > 1 year
€9,900=
2024 · €9,900
Staff costs
€32,448▼
2024 · €39,889
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,795 companies that looked in July 2024 the way this one looks now, 2.1% went bankrupt within 24 months and 90% are still going.
- Micro
- 20 years or older
- negative equity
- a small loss
2.1%
went bankrupt
6.0%
stopped otherwise
90%
still going
A further 1.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 2.7% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 2,795 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Goods, raw materials, services and sundry goods60/61 | €159,710 | €153,195 | €151,134 | €113,456 | €140,507 | ▲ 23.8% |
| Remuneration, social security and pensions62 | €5,471 | €605 | €26,333 | €39,889 | €32,448 | ▼ 18.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,223 | €1,120 | - | - | - | - |
| Other operating charges640/8 | €1,612 | €4,151 | €1,121 | €18,419 | €6,151 | ▼ 66.6% |
| Gross operating margin9900 | €22,558 | -€1,413 | €2,066 | €61,254 | €38,354 | ▼ 37.4% |
| Operating profit (loss)9901 | €12,252 | -€7,289 | -€25,387 | €2,946 | -€245 | ▼ 108% |
| Financial income75/76B | €0 | - | - | €40 | - | - |
| Recurring financial income75 | €0 | - | - | €40 | - | - |
| Financial charges65/66B | €51 | €63 | €26 | €1,230 | €64 | ▼ 94.8% |
| Recurring financial charges65 | €51 | €63 | €26 | €1,230 | €64 | ▼ 94.8% |
| Profit (loss) for the period before taxes9903 | €12,201 | -€7,352 | -€25,413 | €1,756 | -€309 | ▼ 118% |
| Income taxes67/77 | - | - | - | €22,398 | - | - |
| Profit (loss) for the period9904 | €12,201 | -€7,352 | -€25,413 | -€20,642 | -€309 | ▲ 98.5% |
| Profit (loss) for the period to be appropriated9905 | €12,201 | -€7,352 | -€25,413 | -€20,642 | -€309 | ▲ 98.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €38,930 | €46,910 | €29,847 | €56,556 | €33,093 | ▼ 41.5% |
| Fixed assets21/28 | €2,376 | €1,256 | €1,513 | €1,513 | €2,823 | ▲ 86.6% |
| Tangible fixed assets22/27 | €1,120 | - | - | - | - | - |
| Other tangible fixed assets26 | €1,120 | - | - | - | - | - |
| Financial fixed assets28 | €1,256 | €1,256 | €1,513 | €1,513 | €2,823 | ▲ 86.6% |
| Current assets29/58 | €36,553 | €45,654 | €28,333 | €55,043 | €30,270 | ▼ 45.0% |
| Stocks and contracts in progress3 | €9,235 | €25,981 | €12,196 | €8,132 | €5,376 | ▼ 33.9% |
| Stocks30/36 | €9,235 | €25,981 | €12,196 | €8,132 | €5,376 | ▼ 33.9% |
| Amounts receivable within one year40/41 | - | €400 | €853 | €5,805 | €790 | ▼ 86.4% |
| Other amounts receivable41 | - | €400 | €853 | €5,805 | €790 | ▼ 86.4% |
| Cash at bank and in hand54/58 | €26,386 | €17,708 | €14,647 | €39,972 | €23,055 | ▼ 42.3% |
| Deferred charges and accrued income490/1 | €932 | €1,565 | €637 | €1,133 | €1,049 | ▼ 7.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €38,930 | €46,910 | €29,847 | €56,556 | €33,093 | ▼ 41.5% |
| Equity10/15 | -€30 | -€6,982 | -€32,395 | -€53,037 | -€53,345 | ▼ 0.6% |
| Contributions10/11 | €18,200 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | -€20,090 | -€27,442 | -€52,855 | -€73,497 | -€73,805 | ▼ 0.4% |
| Amounts payable17/49 | €38,959 | €53,892 | €62,241 | €109,592 | €86,438 | ▼ 21.1% |
| Amounts payable after more than one year17 | €9,900 | €9,900 | €9,900 | €9,900 | €9,900 | = |
| Other amounts payable178/9 | €9,900 | €9,900 | €9,900 | €9,900 | €9,900 | = |
| Amounts payable within one year42/48 | €29,059 | €40,361 | €52,341 | €99,692 | €76,538 | ▼ 23.2% |
| Trade debts44 | €4,577 | €9,721 | €8,341 | €11,746 | €10,399 | ▼ 11.5% |
| Suppliers440/4 | €4,577 | €9,721 | €8,341 | €11,746 | €10,399 | ▼ 11.5% |
| Taxes, remuneration and social security45 | €4,530 | €8,124 | €10,787 | €50,983 | €11,975 | ▼ 76.5% |
| Taxes450/3 | €3,402 | €6,995 | €5,153 | €43,429 | €8,488 | ▼ 80.5% |
| Remuneration and social security454/9 | €1,128 | €1,128 | €5,634 | €7,554 | €3,487 | ▼ 53.8% |
| Other amounts payable47/48 | €19,952 | €22,516 | €33,214 | €36,964 | €54,164 | ▲ 46.5% |
| Accrued charges and deferred income492/3 | - | €3,631 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €12,201 | -€7,352 | -€25,413 | -€20,642 | -€309 | ▲ 98.5% |
| + Depreciation and write-downs630 | €3,223 | €1,120 | - | - | - | - |
| Operating cash flow (approximation) | €15,424 | -€6,232 | -€25,413 | -€20,642 | -€309 | ▲ 98.5% |
| Investment in fixed assets (approximation) | - | €0 | -€257 | €0 | -€1,310 | - |
| Change in cash | - | -€8,678 | -€3,061 | €25,325 | -€16,917 | ▼ 167% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
05-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
05-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 5 days late
2024
03-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 3 days late
2023
31-12
Financial
Weakest financial yearnet -€25,413
Net result drops to -€25,413, the lowest in the series; recovery starts the following year.
20-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 20 days late
2022
12-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €12,201
Net result €12,201 after 2 loss-making years.
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 91 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 30 days late
2018
29-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Schaarbeek · 2 establishment units since 2005
Ground area
199 m²
Building footprint
207 m²
Volume, LiDAR
2,023 m³
2 parcels, Brussels · tallest building 16.6 m, ±4 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
2 establishment units
ZAIO MODE
since 20052.146.992.456
ZAIO
since 20202.309.247.623
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21010B0001/00G015 | Brussels | 101 m² | 1 · 90 m² | 11.2 m · 3 fl. |
| 21908E0025/00T004 | Brussels | 97 m² | 1 · 117 m² | 16.6 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 1,035 companies in sector 47721 we hold annual accounts for 583. 253 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded03-05-2005
Fiscal year end31-12
Activities, NACEBEL 2025
47721Retail sale of footwear
47716Retail sale of clothing and accessories for women, men, children and babies (general range)
E-invoicing
Reachable via Peppol
Peppol ID
0208:0873636636
Also
9925:BE0873636636
Registered
25-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.