ZARAF
Dissolution or liquidationSummary
The KBO register records for ZARAF the legal situation: dissolution or liquidation; this is today's state according to the register itself, which carries no start date. The 2025 annual accounts show equity of €35,736 and a net result of €29,486.
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 20-08-2026, 20 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 · 7 filingsDeviation from the deadline
2025
20 d late
2024
on the day
2023
9 d early
2022
51 d early
2021
33 d early
2020
94 d late
2019
63 d early
← 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 6 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% 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.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date How is the Other specialised construction activities sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€35,736▲ 2.6%
2024 · €34,822
Total assets
€85,503▼ 5.3%
2024 · €90,323
Net result
€29,486▼ 9.3%
2024 · €32,518
Working capital
€33,827▲ 12.3%
2024 · €30,112
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€26,570▲ 364%€18,864▼ 29.0%€48,413▲ 157%€49,473▲ 2.2%€41,254▼ 16.6%
Net result€19,171▲ 443%€11,520▼ 39.9%€31,404▲ 173%€32,518▲ 3.5%€29,486▼ 9.3%
Equity€52,174▲ 58.1%€63,694▲ 22.1%€59,804▼ 6.1%€34,822▼ 41.8%€35,736▲ 2.6%
Total assets€74,235▲ 79.1%€78,132▲ 5.2%€108,508▲ 38.9%€90,323▼ 16.8%€85,503▼ 5.3%
Debt€22,060▲ 161%€14,438▼ 34.6%€48,704▲ 237%€55,501▲ 14.0%€49,767▼ 10.3%
Working capital€46,761▲ 71.8%€57,484▲ 22.9%€54,377▼ 5.4%€30,112▼ 44.6%€33,827▲ 12.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 17% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €85,503
Fixed assets
€1,909 ▼ 61.6%
Current assets
€83,594 ▼ 2.1%
Equity and liabilities €85,503
Equity
€35,736 ▲ 2.6%
Debt
€49,767 ▼ 10.3%
Debt's share of the balance-sheet total falls from 61.4% to 58.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€45,438▼
2024 · €54,535
Cash flow
€33,671▼
2024 · €37,580
Current ratio
1.68▲
2024 · 1.55
Debt to equity
1.39▼
2024 · 1.59
ROE
82.5%▼
2024 · 93.4%
ROA
34.5%▼
2024 · 36.0%
Interest coverage
16.59▲
2024 · 15.02
Debt ≤ 1 year
€49,767▼
2024 · €55,242
Income taxes
€9,096▼
2024 · €13,546
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €4,755 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,561 | €4,664 | €4,802 | €5,062 | €4,185 | ▼ 17.3% |
| Other operating charges640/8 | €815 | €1,541 | €9,276 | €559 | €411 | ▼ 26.5% |
| Gross operating margin9900 | €32,946 | €25,069 | €62,491 | €59,849 | €45,850 | ▼ 23.4% |
| Operating profit (loss)9901 | €26,570 | €18,864 | €48,413 | €49,473 | €41,254 | ▼ 16.6% |
| Financial income75/76B | €138 | €56 | €37 | €221 | €67 | ▼ 69.8% |
| Recurring financial income75 | €138 | €56 | €37 | €221 | €67 | ▼ 69.8% |
| Financial charges65/66B | €2,006 | €3,325 | €1,317 | €3,630 | €2,739 | ▼ 24.5% |
| Recurring financial charges65 | €2,006 | €3,325 | €1,317 | €3,630 | €2,739 | ▼ 24.5% |
| Profit (loss) for the period before taxes9903 | €24,702 | €15,595 | €47,133 | €46,065 | €38,582 | ▼ 16.2% |
| Income taxes67/77 | €5,530 | €4,075 | €15,729 | €13,546 | €9,096 | ▼ 32.9% |
| Profit (loss) for the period9904 | €19,171 | €11,520 | €31,404 | €32,518 | €29,486 | ▼ 9.3% |
| Profit (loss) for the period to be appropriated9905 | €19,171 | €11,520 | €31,404 | €32,518 | €29,486 | ▼ 9.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €74,235 | €78,132 | €108,508 | €90,323 | €85,503 | ▼ 5.3% |
| Fixed assets21/28 | €17,089 | €12,425 | €8,729 | €4,969 | €1,909 | ▼ 61.6% |
| Tangible fixed assets22/27 | €16,789 | €12,125 | €8,429 | €4,669 | €1,609 | ▼ 65.5% |
| Plant, machinery and equipment23 | €686 | €386 | €1,055 | €1,519 | €1,609 | ▲ 6.0% |
| Furniture and vehicles24 | €3,502 | €2,288 | €1,074 | - | - | - |
| Leasing and similar rights25 | €12,601 | €9,451 | €6,300 | €3,150 | - | - |
| Financial fixed assets28 | €300 | €300 | €300 | €300 | €300 | = |
| Current assets29/58 | €57,146 | €65,706 | €99,779 | €85,354 | €83,594 | ▼ 2.1% |
| Amounts receivable within one year40/41 | €31,213 | €64,992 | €69,172 | €80,134 | €69,555 | ▼ 13.2% |
| Trade receivables40 | €21,920 | €17,634 | €15,449 | €9,864 | €6,757 | ▼ 31.5% |
| Other amounts receivable41 | €9,293 | €47,358 | €53,723 | €70,270 | €62,799 | ▼ 10.6% |
| Cash at bank and in hand54/58 | €25,933 | - | €29,574 | €4,187 | €14,038 | ▲ 235% |
| Deferred charges and accrued income490/1 | - | €715 | €1,033 | €1,033 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €74,235 | €78,132 | €108,508 | €90,323 | €85,503 | ▼ 5.3% |
| Equity10/15 | €52,174 | €63,694 | €59,804 | €34,822 | €35,736 | ▲ 2.6% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Capital10 | €6,200 | - | - | - | - | - |
| Issued capital100 | €18,600 | - | - | - | - | - |
| Uncalled capital101 | €12,400 | - | - | - | - | - |
| Reserves13 | €620 | €620 | €620 | €620 | €620 | = |
| Non-distributable reserves130/1 | €620 | €620 | €620 | €620 | €620 | = |
| Legal reserve130 | €620 | - | - | - | - | - |
| Reserves not available under the articles1311 | - | €620 | €620 | €620 | €620 | = |
| Profit (loss) carried forward14 | €45,354 | €56,874 | €52,984 | €28,002 | €28,916 | ▲ 3.3% |
| Amounts payable17/49 | €22,060 | €14,438 | €48,704 | €55,501 | €49,767 | ▼ 10.3% |
| Amounts payable after more than one year17 | €11,676 | €6,215 | €3,302 | €260 | - | - |
| Financial debts170/4 | €11,676 | €6,215 | €3,302 | €260 | - | - |
| Amounts payable within one year42/48 | €10,384 | €8,223 | €45,402 | €55,242 | €49,767 | ▼ 9.9% |
| Current portion of amounts payable after more than one year42 | - | €3,077 | €2,532 | €2,324 | €260 | ▼ 88.8% |
| Financial debts43 | - | €5 | €5 | €5 | - | - |
| Credit institutions430/8 | - | €5 | €5 | €5 | - | - |
| Trade debts44 | €2,928 | €1,066 | €18,757 | €6,886 | €3,483 | ▼ 49.4% |
| Suppliers440/4 | €2,928 | €1,066 | €18,757 | €6,886 | €3,483 | ▼ 49.4% |
| Taxes, remuneration and social security45 | €7,456 | €4,075 | €24,108 | €46,027 | €46,024 | = |
| Taxes450/3 | €7,456 | €4,075 | €24,108 | €46,027 | €46,024 | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €19,171 | €11,520 | €31,404 | €32,518 | €29,486 | ▼ 9.3% |
| + Depreciation and write-downs630 | €5,561 | €4,664 | €4,802 | €5,062 | €4,185 | ▼ 17.3% |
| Operating cash flow (approximation) | €24,732 | €16,183 | €36,206 | €37,580 | €33,671 | ▼ 10.4% |
| Investment in fixed assets (approximation) | - | €0 | -€1,106 | -€1,302 | -€1,125 | ▲ 13.6% |
| Change in cash | - | - | - | -€25,387 | €9,852 | ▲ 139% |
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
20-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 20 days late
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2019net €32,518 ▲3.5%
Operating result €49,473, net result €32,518, both a record.
22-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
10-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
02-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 94 days late
2020
31-12
Financial
Weakest financial yearnet €3,533 ▼84.8%
Net result drops to €3,533, the lowest in the series.
29-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Ukkel · 1 establishment unit since 2018
Ground area
1,536 m²
Building footprint
331 m²
Volume, LiDAR
3,585 m³
Parcel 21016B0111/00V002, Brussels · tallest building 15.2 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
ZARAF
since 20182.361.549.627
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21016B0111/00V002 | Brussels | 1,536 m² | 1 · 331 m² | 15.2 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 15,521 companies in sector 43990 we hold annual accounts for 7,420. 5,829 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
Founded15-06-2018
Fiscal year end31-12
Activities, NACEBEL 2025
43990Other specialised construction activities
43221Plumbing work
43320Joinery installation
43350Other building finishing work
81220Other building cleaning and industrial cleaning
E-invoicing
Reachable via Peppol
Peppol ID
0208:0697970923
Also
9925:BE0697970923
The company is no longer active; its Peppol card can remain until its access point withdraws it.
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.