Equity
€49,556 ▼ 30.0%
ZAR CONCEPT paid out €50,000 in dividends. That is 174% of the 2025 profit.
ZAR CONCEPT
Lifetime
11 annual accounts with figures on one time axispeak €320,734 (2025)
€320,734▲ 176%
lowest -€3,753 (2019)
€28,760▲ 222%
peak €70,796 (2024)
€49,556▼ 30.0%
€344,575▲ 55.3%
peak 0.3 FTE (2016)
-not published
Board1 name since 2014
1 directorZARIOHE Nabil
Documentsfilings and deeds
25-08-202625 days late
2025micro format
Gross margin from €116,411 to €320,734Result from €8,927 to €28,760Dividend €50,000Equity from €70,796 to €49,556Debts from €221,903 to €344,575Cash from €20,158 to €46,059
Key points
from the 2025 annual accountsTurnover
≈ €630,000 estimated
The micro format states no turnover.
Debts
€344,575 87% of the balance sheet
Financial debts 7%Suppliers 42%Taxes and wages 23%Other 28%
Of this, €319,845 falls due within a year.
Staff
6.3 FTE ▲ 294%
More staff in 2025 from 1.6 FTE to 6.3 FTE.
Filings
11 annual accounts since 2015
Ten of the last ten came late. The 2019 accounts came latest: 95 days after the end of the period.
At the same address
465 companies
Checked score
54
Fair
Financially stronger than 29% of micro companies in land transport (NACE 49)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
1.7% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.8% across 9,092 companies (NACE 49, micro).
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 6.1%
01-2025: 6.1%● unchanged vs 12-2024
02-2025: 6.1%● unchanged vs 01-2025
03-2025: 6.1%● unchanged vs 02-2025
04-2025: 6.0%▼ -0.1 percentage points vs 03-2025
05-2025: 6.2%▲ +0.2 percentage points vs 04-2025
06-2025: 6.1%▼ -0.1 percentage points vs 05-2025
07-2025: 6.3%▲ +0.2 percentage points vs 06-2025
08-2025: 7.5%▲ +1.2 percentage points vs 07-2025
09-2025: 9.4%▲ +1.9 percentage points vs 08-2025
10-2025: 13.2%▲ +3.8 percentage points vs 09-2025highest value
11-2025: 4.8%▼ -8.4 percentage points vs 10-2025
12-2025: 4.8%● unchanged vs 11-2025
01-2026: 4.8%● unchanged vs 12-2025
02-2026: 4.8%● unchanged vs 01-2026
03-2026: 4.7%▼ -0.1 percentage points vs 02-2026
04-2026: 5.1%▲ +0.4 percentage points vs 03-2026
05-2026: 5.4%▲ +0.3 percentage points vs 04-2026
06-2026: 5.2%▼ -0.2 percentage points vs 05-2026
07-2026: 5.3%▲ +0.1 percentage points vs 06-2026
08-2026: 3.3%▼ -2.0 percentage points vs 07-2026
09-2026: 1.7%▼ -1.6 percentage points vs 08-2026lowest value
10-2026: 1.7%● unchanged vs 09-2026lowest value
11-2026: 1.7%● unchanged vs 10-2026lowest value
Financial strengthWeak
Score breakdown
raises risk
Last filed accounts filed 25 days late; 2 of the last 3 accounts late
Sector: Land transport and transport via pipelines (NACE 49)
Equity €49,556 (12.6% of total assets)
lowers risk
Founded in 2014
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 49, micro). It does better than 24% of them on solvency, 17% on liquidity, 58% on profitability and 17% on growth.
The bankruptcy probability was computed on 08-11-2026 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 moderate class on 30-06-2025, 2.4% 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, 5,053 companies had the same profile as ZAR CONCEPT has now. Each dot stands for 13 companies, two years later.
95.9%
were still trading
2.4%
stopped another way
1.6%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of ZAR CONCEPT itself: 1.7% within 12 months.
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 5,053 companies, not a prediction for ZAR CONCEPT. 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
Credit of up to €2,500 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.07 (1.09 in 2024), below the usual 1.5. Short-term debt is 81.2% and cash 11.7% of total assets. 87.4% of the assets are financed with debt and provisions.
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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 · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 5942 sector peers (2025).
NBB · sector comparisonPosition among 5942 sector peers
Solvency
better than 24%
← weakest
strongest →
raises risk · 2025 accounts filed 25 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-08-2026, 25 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
25 days late
2024
61 days late
2023
92 days late
2022
32 days late
2021
78 days late
2020
66 days late
2019
95 days late
← 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 64 days after the deadline. In the sector (NACE 49), the median for financial year 2024 was on the deadline day, and 49% 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 30 September (4 of the last 5 accounts filed within 32 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0564973134
Registered office moved within Brussels
New registered office: avenue Louise, 65 à 1050 Bruxelles · Previous registered office: Rue Stevens-Delannoy, 16- 1020 Bruxelles · General meeting of 14-06-2024 · Gazette deed
Change of role: ZARIOHE Nabil, from manager to director
General meeting of 20-12-2022 · Gazette deed
New establishment in Zaventem
Fabrieksstraat 152
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| ZAR CONCEPT Ixelles | €394,131 | €320,734 | 12.6% | - |
| KRC FACILITY Brussels | €424,717 | €414,643 | 18.9% | - |
| WELL DONE COMPANY Brussels | €505,955 | €321,768 | 16.4% | - |
| HERMÈS LINES Berchem-Sainte-Agathe | €294,273 | €342,100 | -23.9% | - |
| ADS-AUTOCARS NEXT GENERATION Kontich | €360,887 | €375,884 | 88.2% | - |
| PARK & FLY Lasne | €430,260 | €339,001 | 20.0% | - |
| EASYWAY Ganshoren | €311,534 | €255,040 | 44.2% | - |
These companies have the same main activity as ZAR CONCEPT: non-scheduled passenger transport by road (NACE 49320). They are comparable in size and age: total assets between €294,000 and €506,000, founded between 2013 and 2017.
Official details
Source: KBO- Status
- Active since 23-10-2014Normal situation
- Registered office
- 466 active companies are registered at this address30 started in the 12 months before. Source: KBO register, as of 9 November 2026.
- Activity
- Non-scheduled passenger transport by roadNACE 49320and 6 others
- Establishment units
- 2.385.655.6121000 Brussels, since 23-10-2014
- 2.236.949.0681930 Zaventem, since 01-11-2014
- Financial year end
- 31 December
- Peppol
- Reachable since 11-02-2026
Annual accounts 2025
- €394,131▲ 34.7%
- Employeeson 31-12-2025
- 16▲ 433%
- Filing
- Filed on 25-08-2026
Insights on ZAR CONCEPT
ZAR CONCEPT files the micro format. That format states no turnover. The gross margin rose from €12,366 in 2015 to €320,734 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 ZAR CONCEPT
- What is the company number of ZAR CONCEPT?
- The company number of ZAR CONCEPT is 0564.973.134. The VAT number is the same number with BE in front: BE 0564.973.134.
- Where is ZAR CONCEPT based?
- The registered office is at Louizalaan 65, 1050 Ixelles.Company details
- What does ZAR CONCEPT do?
- According to the KBO register, the main activity is non-scheduled passenger transport by road (NACE 49320).
- What is the legal form of ZAR CONCEPT?
- ZAR CONCEPT is a private limited company (BV).
- When was ZAR CONCEPT founded?
- ZAR CONCEPT was founded on 23-10-2014.
- Is ZAR CONCEPT still active?
- Yes, ZAR CONCEPT is an active enterprise in the KBO register.
- How many employees does ZAR CONCEPT have?
- ZAR CONCEPT had an average of 6.3 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of ZAR CONCEPT?
- The turnover in financial year 2025 is ≈ €630,000. This figure is estimated from the gross margin of €320,734 and 30 comparable companies (NACE 493). It probably lies between €520,000 and €760,000.
- Is ZAR CONCEPT profitable?
- In financial year 2025, ZAR CONCEPT made a profit of €28,760.
- Where can I find the annual accounts of ZAR CONCEPT?
- ZAR CONCEPT filed 11 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of ZAR CONCEPT due?
- ZAR CONCEPT must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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