ZARAFA
ActiveSummary
ZARAFA has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (€-53k) and a net result of €-42k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 8% of 3022 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability0=
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.23 against 0.11 in 2023; short-term debt: 274.2% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Five 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
-174.2%
Return on assets
-138.7%
Age of the figures
21 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 93
Relative position
BE, all sectors
reference
Sports, amusement and recreation activities (NACE 93)
about 50% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
192021222324
2019 to 2024 · latest year €-53k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 22-07-2025, 9 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
9 d early
2023
29 d late
2022
66 d late
2021
73 d late
2020
25 d late
2019
23 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€-53k▼ 390%
2023 · €-11k
2019: €6k
2020: €16k▲ +148% vs 2019
2021: €39k▲ +147% vs 2020
2022: €40k▲ +2.4% vs 2021highest in 6 years
2023: €-11k▼ -127% vs 2022
2024: €-53k▼ -390% vs 2023lowest in 6 years
2019 → 2024
Total assets
€30k▼ 19.6%
2023 · €38k
2019: €19klowest in 6 years
2020: €144k▲ +670% vs 2019
2021: €230k▲ +59.9% vs 2020highest in 6 years
2022: €146k▼ -36.5% vs 2021
2023: €38k▼ -74.2% vs 2022
2024: €30k▼ -19.6% vs 2023
2019 → 2024
Net result
€-42k▲ 17.7%
2023 · €-51k
2019: €7k
2020: €10k▲ +32.0% vs 2019
2021: €23k▲ +146% vs 2020highest in 6 years
2022: €959▼ -95.9% vs 2021
2023: €-51k▼ -5416% vs 2022lowest in 6 years
2024: €-42k▲ +17.7% vs 2023
2019 → 2024
Working capital
€-64k▼ 49.3%
2023 · €-43k
2019: €6k
2020: €93k▲ +1350% vs 2019highest in 6 years
2021: €63k▼ -32.3% vs 2020
2022: €-6k▼ -109% vs 2021
2023: €-43k▼ -664% vs 2022
2024: €-64k▼ -49.3% vs 2023lowest in 6 years
2019 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€16k-€39k▲ 147%€40k▲ 2.4%€-11k€-53k▼ 390%
2020: €16k
2021: €39k▲ +147% vs 2020
2022: €40k▲ +2.4% vs 2021highest in 5 years
2023: €-11k▼ -127% vs 2022
2024: €-53k▼ -390% vs 2023lowest in 5 years
Operating result€10k-€24k▲ 137%€2k▼ 90.8%€-50k€-39k▲ 21.1%
2020: €10k
2021: €24k▲ +137% vs 2020highest in 5 years
2022: €2k▼ -90.8% vs 2021
2023: €-50k▼ -2377% vs 2022lowest in 5 years
2024: €-39k▲ +21.1% vs 2023
Net result€10k-€23k▲ 146%€959▼ 95.9%€-51k€-42k▲ 17.7%
2020: €10k
2021: €23k▲ +146% vs 2020highest in 5 years
2022: €959▼ -95.9% vs 2021
2023: €-51k▼ -5416% vs 2022lowest in 5 years
2024: €-42k▲ +17.7% vs 2023
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €39k in 2024 against €50k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €30k
Fixed assets
€11k ▼ 64.8%
Current assets
€19k ▲ 244%
Key figures and ratios
EBITDA
€-31k▲
2023 · €-34k
Cash flow
€-33k▲
2023 · €-35k
Solvency
-174.2%▼
2023 · -28.6%
Current ratio
0.23▲
2023 · 0.11
Debt to equity
-1.57▲
2023 · -4.50
ROA
-138.7%▼
2023 · -135.5%
Interest coverage
-12.65▲
2023 · -38.76
Debt
€83k▲
2023 · €48k
Debt ≤ 1 year
€83k▲
2023 · €48k
Income taxes
€66▲
2023 · €63
Staff costs
€50k▲
2023 · €45k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 49 lines
Balance sheet
Code20232024
Assets
Total assets20/58€38k€30k▼
Fixed assets21/28€32k€11k▼
Tangible fixed assets22/27€32k€11k▼
Plant, machinery and equipment23€28k€10k▼
Furniture and vehicles24€4k€1k▼
Current assets29/58€6k€19k▲
Amounts receivable within one year40/41€6k€16k▲
Trade receivables40€0€15k▲
Other amounts receivable41€6k€1k▼
Cash at bank and in hand54/58€0-
Deferred charges and accrued income490/1€0€3k▲
Equity and liabilities
Total equity and liabilities10/49€38k€30k▼
Equity10/15€-11k€-53k▼
Contributions10/11€6k€6k=
Reserves13€34k€0▼
Distributable reserves133€34k€0▼
Profit (loss) carried forward14€-51k€-59k▼
Amounts payable17/49€48k€83k▲
Amounts payable after more than one year17€0-
Financial debts170/4€0-
Amounts payable within one year42/48€48k€83k▲
Current portion of amounts payable after more than one year42€2k€0▼
Financial debts43€5k€23k▲
Credit institutions430/8€5k€23k▲
Trade debts44€11k€36k▲
Suppliers440/4€11k€36k▲
Taxes, remuneration and social security45€10k€10k▲
Taxes450/3€784€129▼
Remuneration and social security454/9€9k€10k▲
Other amounts payable47/48€20k€14k▼
Income statement
Code20232024
Non-recurring operating income76A-€32k
Remuneration, social security and pensions62€45k€50k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16k€9k▼
Other operating charges640/8€1k€929▼
Gross operating margin9900€12k€20k▲
Operating profit (loss)9901€-50k€-39k▲
Financial income75/76B€0€1▲
Recurring financial income75€0€1▲
Financial charges65/66B€881€2k▲
Recurring financial charges65€881€2k▲
Profit (loss) for the period before taxes9903€-51k€-42k▲
Income taxes67/77€63€66▲
Profit (loss) for the period9904€-51k€-42k▲
Profit (loss) for the period to be appropriated9905€-51k€-42k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-51k€-93k▼
Profit (loss) brought forward from the previous period14P-€-51k
Transfer from equity791/2-€34k
Transfer to equity691/2€0-
To other reserves6921€0-
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €32k | - |
| Remuneration, social security and pensions62 | - | €33k | €32k | €45k | €50k | ▲ 10.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1k | €4k | €8k | €16k | €9k | ▼ 43.6% |
| Other operating charges640/8 | - | €1k | €979 | €1k | €929 | ▼ 15.3% |
| Gross operating margin9900 | €35k | €63k | €43k | €12k | €20k | ▲ 67.8% |
| Operating profit (loss)9901 | €10k | €24k | €2k | €-50k | €-39k | ▲ 21.1% |
| Financial income75/76B | - | €100 | €0 | €0 | €1 | - |
| Recurring financial income75 | - | €100 | €0 | €0 | €1 | - |
| Financial charges65/66B | - | €483 | €519 | €881 | €2k | ▲ 174% |
| Recurring financial charges65 | €612 | €483 | €519 | €881 | €2k | ▲ 174% |
| Profit (loss) for the period before taxes9903 | €10k | €24k | €2k | €-51k | €-42k | ▲ 17.7% |
| Income taxes67/77 | €0 | €250 | €721 | €63 | €66 | ▲ 4.5% |
| Profit (loss) for the period9904 | €10k | €23k | €959 | €-51k | €-42k | ▲ 17.7% |
| Profit (loss) for the period to be appropriated9905 | €10k | €23k | €959 | €-51k | €-42k | ▲ 17.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €144k | €230k | €146k | €38k | €30k | ▼ 19.6% |
| Fixed assets21/28 | €8k | €19k | €48k | €32k | €11k | ▼ 64.8% |
| Tangible fixed assets22/27 | €8k | €19k | €48k | €32k | €11k | ▼ 64.8% |
| Plant, machinery and equipment23 | - | €6k | €39k | €28k | €10k | ▼ 65.0% |
| Furniture and vehicles24 | - | €14k | €9k | €4k | €1k | ▼ 63.5% |
| Current assets29/58 | €136k | €210k | €98k | €6k | €19k | ▲ 244% |
| Amounts receivable within one year40/41 | €11k | €109k | €5k | €6k | €16k | ▲ 191% |
| Trade receivables40 | - | €88k | €5k | €0 | €15k | - |
| Other amounts receivable41 | - | €21k | €14 | €6k | €1k | ▼ 81.3% |
| Cash at bank and in hand54/58 | €123k | €100k | €91k | €0 | - | - |
| Deferred charges and accrued income490/1 | - | €2k | €924 | €0 | €3k | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €144k | €230k | €146k | €38k | €30k | ▼ 19.6% |
| Equity10/15 | €16k | €39k | €40k | €-11k | €-53k | ▼ 390% |
| Contributions10/11 | - | €6k | €6k | €6k | €6k | = |
| Reserves13 | €10k | €33k | €34k | €34k | €0 | ▼ 100% |
| Distributable reserves133 | - | €33k | €34k | €34k | €0 | ▼ 100% |
| Profit (loss) carried forward14 | - | - | - | €-51k | €-59k | ▼ 15.5% |
| Amounts payable17/49 | €128k | €190k | €106k | €48k | €83k | ▲ 71.5% |
| Amounts payable after more than one year17 | - | €6k | €2k | €0 | - | - |
| Financial debts170/4 | - | €6k | €2k | €0 | - | - |
| Amounts payable within one year42/48 | €43k | €148k | €103k | €48k | €83k | ▲ 71.5% |
| Current portion of amounts payable after more than one year42 | - | €4k | €4k | €2k | €0 | ▼ 100% |
| Financial debts43 | - | - | - | €5k | €23k | ▲ 331% |
| Credit institutions430/8 | - | - | - | €5k | €23k | ▲ 331% |
| Trade debts44 | €42k | €135k | €78k | €11k | €36k | ▲ 220% |
| Suppliers440/4 | - | €135k | €78k | €11k | €36k | ▲ 220% |
| Taxes, remuneration and social security45 | - | €9k | €21k | €10k | €10k | ▲ 3.6% |
| Taxes450/3 | - | €292 | €16k | €784 | €129 | ▼ 83.5% |
| Remuneration and social security454/9 | - | €8k | €6k | €9k | €10k | ▲ 11.1% |
| Other amounts payable47/48 | - | - | €850 | €20k | €14k | ▼ 27.6% |
| Accrued charges and deferred income492/3 | - | €37k | €0 | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €10k | €23k | €959 | €-51k | €-42k | ▲ 17.7% |
| + Depreciation and write-downs630 | €1k | €4k | €8k | €16k | €9k | ▼ 43.6% |
| Operating cash flow (approximation) | €11k | €27k | €9k | €-35k | €-33k | ▲ 6.0% |
| Investment in fixed assets (approximation) | - | €-15k | €-36k | €0 | €12k | - |
| Change in cash | - | €-23k | €-9k | €-91k | - | - |
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
2025
22-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-12
Financial
Weakest financial yearnet €-51k
Net result drops to €-51k, the lowest in the series; recovery starts the following year.
05-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 66 days late
2022
12-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 73 days late
2021
31-12
Financial
Highest result since 2019net €23k ▲146%
Operating result €24k, net result €23k, both a record.
25-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 25 days late
2020
31-12
Financial
Liquidity doublescurrent ratio 3.17
Current ratio from 1.52 to 3.17.
08-07
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, Oudenaarde · 1 establishment unit since 2018
Ground area
1.4 ha
Building footprint
1,261 m²
Volume, LiDAR
6,715 m³
Parcel 45023A0541/00X000, Flanders · tallest building 10.2 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
ZARAFA
since 20182.280.411.602
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45023A0541/00X000 ProtectedMonument · Townscape or village viewParochiekerk Sint-Martinus en pastorie met omgevingSource ↗ |
Flanders | 1.4 ha | 1 · 1,261 m² | 10.2 m · 2 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
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Of 831 companies in sector 93127 we hold annual accounts for 197. 157 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
Founded02-10-2018
Fiscal year end31-12
Activities, NACEBEL 2025
93110Operation of sports facilities
93127Equestrian clubs
90201Performing arts by independent artists
Scores and ratios are computed by Checked and are not a credit decision.