ZANZIBAR
ActiveSummary
The computed 12-month bankruptcy probability of ZANZIBAR is 3.4% (moderate). The 2024 annual accounts show negative equity (-€264,419) and a net result of -€35,454. Equity is shrinking by ~19.6% per year across the filed fiscal years. Its solvency ranks better than 7% of 1855 sector peers (fiscal year 2024). The company has been active since 1999 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 2 administrative register entries (see administrative flags).
Checked score
Score 2024
Axes · tick = 2023
Profitability41▲+41
Solvency0=
Growth32=
Track record84
Bankruptcy probability, 12 months
3.4%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.35 against 0.91 in 2023; short-term debt: 28.5% and cash: 0.4% of total assets), and equity is negative.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Nine 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 2024Solvency, return and age of the figures
Solvency
-129.4%
Return on assets
-17.4%
Age of the figures
21 mo
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 55
Relative position
BE, all sectors
reference
Accommodation (NACE 55)
about 6% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year -€264,419
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
61 d late
2023
2 d early
2022
60 d late
2021
144 d late
2020
152 d late
2019
102 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 86 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 45% of the sector filed late.
raises risk · Administrative warnings in the KBO publications
2 publications by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or their withdrawal.
KBO publicationsPublications
UBO non-complianceAddress struck
History
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Financials · fiscal year 2024, micro schema
Equity
-€264,419▼ 15.5%
2023 · -€228,965
Total assets
€204,326▼ 25.8%
2023 · €275,487
Net result
-€35,454▲ 16.6%
2023 · -€42,529
Working capital
-€38,077▼ 512%
2023 · -€6,217
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 55, Accommodation, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€51,685▼ 142%-€50,165▲ 2.9%-€10,329▲ 79.4%-€41,655▼ 303%-€34,617▲ 16.9%
Net result-€37,767within the sector's middle half▼ 71.0%-€50,447below the sector's middle half▼ 33.6%-€10,383within the sector's middle half▲ 79.4%-€42,529below the sector's middle half▼ 310%-€35,454below the sector's middle half▲ 16.6%
Equity-€125,606below the sector's middle half▼ 43.0%-€176,053below the sector's middle half▼ 40.2%-€186,435below the sector's middle half▼ 5.9%-€228,965below the sector's middle half▼ 22.8%-€264,419below the sector's middle half▼ 15.5%
Total assets€319,456below the sector's middle half▼ 3.4%€323,214within the sector's middle half▲ 1.2%€271,110within the sector's middle half▼ 16.1%€275,487within the sector's middle half▲ 1.6%€204,326within the sector's middle half▼ 25.8%
Debt€445,062▲ 6.4%€499,267▲ 12.2%€457,545▼ 8.4%€504,452▲ 10.3%€468,745▼ 7.1%
Working capital-€32,784within the sector's middle half▼ 233%€933within the sector's middle half-€20,522within the sector's middle half-€6,217within the sector's middle half▲ 69.7%-€38,077within the sector's middle half▼ 512%
Solvency-39.3%below the sector's middle half▼ 12.7pp-54.5%below the sector's middle half▼ 15.2pp-68.8%below the sector's middle half▼ 14.3pp-83.1%below the sector's middle half▼ 14.3pp-129.4%below the sector's middle half▼ 46.3pp
Current ratio0.21below the sector's middle half▼ 0.131.02within the sector's middle half▲ 0.810.58within the sector's middle half▼ 0.430.91within the sector's middle half▲ 0.330.35within the sector's middle half▼ 0.57
Return on assets (ROA)-11.8%below the sector's middle half▼ 5.1pp-15.6%below the sector's middle half▼ 3.8pp-3.8%within the sector's middle half▲ 11.8pp-15.4%below the sector's middle half▼ 11.6pp-17.4%below the sector's middle half▼ 1.9pp
above
within
below
the middle half (P25 to P75) of NACE 55, Accommodation, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €34,617 in 2024 against €41,655 in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €204,326
Fixed assets
€184,106 ▼ 11.9%
Current assets
€20,220 ▼ 69.6%
Key figures and ratios
EBITDA
€3,424▲
2023 · -€3,908
Cash flow
€2,587▲
2023 · -€4,783
Debt to equity
-1.77▲
2023 · -2.20
Interest coverage
4.91▲
2023 · -5.50
Debt ≤ 1 year
€58,296▼
2023 · €72,767
Debt > 1 year
€410,449▼
2023 · €431,685
Income taxes
€140▼
2023 · €164
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,621 companies that looked in July 2024 the way this one looks now, 4.5% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- negative equity
- a loss of 10% of the balance sheet or more
4.5%
went bankrupt
10.0%
stopped otherwise
84%
still going
A further 1.0% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 3.4% over twelve months; the group does not contradict it.
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 6,621 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €48,527 | €41,393 | €41,366 | €37,746 | €38,041 | ▲ 0.8% |
| Other operating charges640/8 | - | €3,055 | €362 | €11,184 | €7,194 | ▼ 35.7% |
| Gross operating margin9900 | -€2,455 | -€5,717 | €31,399 | €7,276 | €10,618 | ▲ 45.9% |
| Operating profit (loss)9901 | -€51,685 | -€50,165 | -€10,329 | -€41,655 | -€34,617 | ▲ 16.9% |
| Financial charges65/66B | - | €282 | €54 | €710 | €698 | ▼ 1.7% |
| Recurring financial charges65 | €162 | €282 | €54 | €710 | €698 | ▼ 1.7% |
| Profit (loss) for the period before taxes9903 | -€37,767 | -€50,447 | -€10,383 | -€42,365 | -€35,315 | ▲ 16.6% |
| Income taxes67/77 | - | - | - | €164 | €140 | ▼ 15.1% |
| Profit (loss) for the period9904 | -€37,767 | -€50,447 | -€10,383 | -€42,529 | -€35,454 | ▲ 16.6% |
| Profit (loss) for the period to be appropriated9905 | -€37,767 | -€50,447 | -€10,383 | -€42,529 | -€35,454 | ▲ 16.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €319,456 | €323,214 | €271,110 | €275,487 | €204,326 | ▼ 25.8% |
| Fixed assets21/28 | €310,773 | €269,379 | €242,436 | €208,937 | €184,106 | ▼ 11.9% |
| Tangible fixed assets22/27 | €310,773 | €269,379 | €242,436 | €208,937 | €183,356 | ▼ 12.2% |
| Land and buildings22 | - | €244,872 | €212,270 | €188,235 | €171,818 | ▼ 8.7% |
| Plant, machinery and equipment23 | - | - | €14,423 | €12,980 | €11,538 | ▼ 11.1% |
| Furniture and vehicles24 | - | €24,507 | €15,743 | €7,722 | €0 | ▼ 100% |
| Financial fixed assets28 | €0 | - | - | - | €750 | - |
| Current assets29/58 | €8,683 | €53,835 | €28,674 | €66,550 | €20,220 | ▼ 69.6% |
| Amounts receivable within one year40/41 | €4,936 | €7,758 | €4,246 | €62,627 | €17,282 | ▼ 72.4% |
| Trade receivables40 | - | - | €1,363 | €45,428 | €10,000 | ▼ 78.0% |
| Other amounts receivable41 | - | €7,758 | €2,884 | €17,199 | €7,282 | ▼ 57.7% |
| Current investments50/53 | €3,747 | - | - | - | - | - |
| Cash at bank and in hand54/58 | - | €46,077 | €22,446 | €1,809 | €856 | ▼ 52.7% |
| Deferred charges and accrued income490/1 | - | - | €1,982 | €2,113 | €2,082 | ▼ 1.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €319,456 | €323,214 | €271,110 | €275,487 | €204,326 | ▼ 25.8% |
| Equity10/15 | -€125,606 | -€176,053 | -€186,435 | -€228,965 | -€264,419 | ▼ 15.5% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Outside capital11 | - | €18,592 | - | - | - | - |
| Other1109/19 | - | €18,592 | - | - | - | - |
| Reserves13 | €26,648 | €26,648 | €26,649 | €26,649 | €26,649 | = |
| Non-distributable reserves130/1 | - | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Reserves not available under the articles1311 | - | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Distributable reserves133 | - | €24,789 | €24,789 | €24,789 | €24,789 | = |
| Profit (loss) carried forward14 | -€170,846 | -€221,293 | -€231,676 | -€274,205 | -€309,660 | ▼ 12.9% |
| Amounts payable17/49 | €445,062 | €499,267 | €457,545 | €504,452 | €468,745 | ▼ 7.1% |
| Amounts payable after more than one year17 | €403,595 | €436,365 | €408,349 | €431,685 | €410,449 | ▼ 4.9% |
| Other amounts payable178/9 | - | €436,365 | €408,349 | €431,685 | €410,449 | ▼ 4.9% |
| Amounts payable within one year42/48 | €41,467 | €52,902 | €49,196 | €72,767 | €58,296 | ▼ 19.9% |
| Trade debts44 | €41,467 | €50,468 | €36,365 | €14,197 | €17,063 | ▲ 20.2% |
| Suppliers440/4 | - | €50,468 | €36,365 | €14,197 | €17,063 | ▲ 20.2% |
| Advances received on contracts in progress46 | - | - | - | €47,518 | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | - | - | €1,943 | €164 | €346 | ▲ 110% |
| Taxes450/3 | - | - | €1,943 | €164 | €346 | ▲ 110% |
| Other amounts payable47/48 | - | €2,434 | €10,888 | €10,888 | €40,888 | ▲ 276% |
| Accrued charges and deferred income492/3 | - | €10,000 | - | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€37,767 | -€50,447 | -€10,383 | -€42,529 | -€35,454 | ▲ 16.6% |
| + Depreciation and write-downs630 | €48,527 | €41,393 | €41,366 | €37,746 | €38,041 | ▲ 0.8% |
| Operating cash flow (approximation) | €10,760 | -€9,054 | €30,983 | -€4,783 | €2,587 | ▲ 154% |
| Investment in fixed assets (approximation) | - | €1 | -€14,422 | -€4,248 | -€13,210 | ▼ 211% |
| Change in cash | - | - | -€23,631 | -€20,636 | -€953 | ▲ 95.4% |
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
2026
23-06
State Gazette act
RestructuringMerger · Shareholding · Legal-form conversion17 facts ▸
State Gazette act
Restructuring
Merger · Shareholding · Legal-form conversion17 facts ▸
- Merger, met fusie door overneming gelijkgestelde verrichting, volledige vermogen met inbegrip van alle activa en passiva
- Merger, met fusie door overneming gelijkgestelde verrichting, volledige vermogen met inbegrip van alle activa en passiva
- Merger, met fusie door overneming gelijkgestelde verrichting, volledige vermogen met inbegrip van alle activa en passiva
- Shareholding, ogenblik van de voorgestelde verrichting
- Shareholding, ogenblik van de voorgestelde verrichting
- Shareholding, ogenblik van de voorgestelde verrichting
- Legal-form conversion, BV
- Other statement, ruilverhouding en opleg in geld
- Other statement, uitwerking verrichting, datum van de notariële akte waarbij de verwezenlijking wordt vastgesteld
- Accounting effect, datum van de notariële akte waarbij de verwezenlijking wordt vastgesteld
- Other statement, bijzondere rechten
- Other statement, bezoldiging wettelijke verslaggeving, artikelen 12:26 en 12:53 WVV
- +5 further facts in this act
23-02
KBO administration
Address struck
Overpoortstraat 82 L’adresse du siège Overpoortstraat 82 9000 Die Sitzadresse Overpoortstraat 82 9000
9000 Gent werd doorgehaald met ingang van Gent · event 15-12-2025
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
29-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
08-04
KBO administration
UBO non-compliance
event 25-03-2024
2023
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 60 days late
2022
22-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 144 days late
2021
31-12
Financial
Weakest financial yearnet -€50,447
Net result drops to -€50,447, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity times 5current ratio 1.02
Current ratio from 0.21 to 1.02.
30-12
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 152 days late
2020
10-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 102 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
Show earlier events
2018
24-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 24 days late
2017
29-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
30-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 30 days late
SignalFinancial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 3 acts read
About the unread acts
Of the 3 Belgian State Gazette acts we know for this company, 1 has been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Aalst · 2 establishment units since 1999
Ground area
1,151 m²
Building footprint
351 m²
Volume, LiDAR
2,560 m³
3 parcels, Flanders, Wallonia · tallest building 12.0 m, ±4 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
2 establishment units
LUMEN 7
since 19992.092.960.189
LUMEN 5
since 20072.301.529.985
3 parcels
Flanders
1
(33.3%)
Wallonia
2
(66.7%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41005B0007/00E000 | Flanders | 712 m² | 1 · 71 m² | 6.1 m · 1 fl. |
| 51019D0553/00N003 | Wallonia | 308 m² | 1 · 148 m² | 12.0 m · 4 fl. |
| 51019D0553/00Y002 | Wallonia | 131 m² | 1 · 131 m² | 8.2 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Articles of association
Purpose
Het uitbaten van horecazaken,handel in horecaproducten en alle horeca-activiteiten in het algemeen; Het organiseren van spektakels,onder meer dans en zang; Het ter beschikking…
Full purpose (4 activities)
- Het uitbaten van horecazaken,handel in horecaproducten en alle horeca-activiteiten in het algemeen
- Het organiseren van spektakels,onder meer dans en zang
- Het ter beschikking stellen van horecapersoneel aan andere horecazaken
- Het uitbaten van pitta- en snackbar en restaurant
Other statement
One provision in the deed
Structure & network
Connections & network
No current directors or connected companies found in the register.
Acquisitions and mergers
1 transactionTaken over by:PASFIT
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 1,854 companies in sector 55204 we hold annual accounts for 451. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded13-10-1999
Fiscal year end31-12
Activities, NACEBEL 2025
55204Guest rooms (bed and breakfast)
56112Limited-service restaurants, excluding mobile food services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0467048070
Also
9925:BE0467048070
Registered
24-11-2023
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.