Equity
-€16,815
Debts exceed assets in financial year 2025.
ZARAFA
Lifetime
7 annual accounts with figures on one time axispeak €100,810 (2025)
€100,810▲ 396%
lowest -€50,987 (2023)
€35,897▲ €77,849
peak €40,227 (2022)
-€16,815▲ €35,897
€96,414▲ 16.2%
peak 0.7 FTE (2020)
-not published
Board2 names since 2018
2 directors and 1 other
Documentsfilings and deeds
14-10-202675 days late
2025micro format
Gross margin from €20,344 to €100,810Back to profit: €35,897Equity from -€52,712 to -€16,815Debts from €82,965 to €96,414
Key points
from the 2025 annual accountsResult
€35,897 €35,897
Back in profit in 2025, after a loss of €41,952 in 2024.
Debts
€96,414 121% of the balance sheet
Suppliers 41%Taxes and wages 13%Other 46%
Staff
2 employees on 31-12-2025
In 2025, 2 people joined and 2 left.
Liquidity
0.75 was 0.23 in 2024
Short-term debts rose from €82,965 to €96,414.
Filings
7 annual accounts 75 days
Latest accounts filed late: after the legal deadline.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 2,180 companies had the same profile as ZARAFA has now. Each dot stands for 6 companies, two years later.
88.8%
were still trading
5.8%
stopped another way
4.8%
went bankrupt
Another 0.6% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,448 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 2,180 companies, not a prediction for ZARAFA. 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
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Board and ownership
Director, since 01-10-2018
Manager, since 01-10-2018
- 50 sharesdeed of 04-10-2018
- 50 sharesdeed of 04-10-2018
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0707621334
Reappointment: (director)
Legal-form conversion: from private limited company (pre-2019) to private limited company · General meeting of 27-11-2023 · Gazette deed
Registered office moved within Oudenaarde
New registered office: Meldenstraat 1, 9700 Oudenaarde · Previous registered office: Geraardsbergenstraat 210, 9700 Oudenaarde · Gazette deed
First establishment
Meldenstraat 1, Oudenaarde
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| ZARAFA Oudenaarde | €79,599 | €100,810 | -21.1% | - |
| TLM Sanglier Wavre | €77,102 | €99,014 | 17.3% | - |
| MP STABLES Wellen | €67,229 | €53,373 | -100.8% | - |
| JOS VERLOOY EQUESTRIAN Zandhoven | €117,324 | €77,707 | 43.0% | - |
| De Kraal Blankenberge | €108,886 | €67,404 | -611.2% | - |
| Lucky Cloud Lubbeek | €74,059 | €40,829 | 74.1% | - |
| AD STABLES Mons | €176,665 | €64,703 | 67.6% | - |
These companies have the same main activity as ZARAFA: equestrian clubs (NACE 93127). They are comparable in size and age: total assets between €67,200 and €177,000, founded between 2017 and 2021.
Official details
Source: KBO- Status
- Active since 02-10-2018Normal situation
- Activity
- Equestrian clubsNACE 93127and 2 others
- Joint committees
- 227Audiovisual sector
- 144Agriculture · annual accounts 2025
- Establishment unit
- 2.280.411.6029700 Oudenaarde, since 05-10-2018
- Financial year end
- 31 December
- Peppol
- Reachable since 08-01-2026
Annual accounts 2025
- ≈ €250,000estimated
- €79,599▲ 163%
- Employeeson 31-12-2025
- 2=
- Filing
- Filed on 14-10-2026
Insights on ZARAFA
ZARAFA files the micro format. That format states no turnover. The gross margin rose from €10,137 in 2019 to €100,810 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 ZARAFA
- What is the company number of ZARAFA?
- The company number of ZARAFA is 0707.621.334. The VAT number is the same number with BE in front: BE 0707.621.334.
- Where is ZARAFA based?
- The registered office is at Meldenstraat 1, 9700 Oudenaarde.Company details
- What does ZARAFA do?
- According to the KBO register, the main activity is equestrian clubs (NACE 93127).
- What is the legal form of ZARAFA?
- ZARAFA is a private limited company (BV).
- When was ZARAFA founded?
- ZARAFA was founded on 02-10-2018.
- Is ZARAFA still active?
- Yes, ZARAFA is an active enterprise in the KBO register.
- How many employees does ZARAFA have?
- ZARAFA had an average of 1.6 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does ZARAFA fall under?
- In its 2025 annual accounts, ZARAFA states joint committees 227 (Audiovisual sector) and 144 (Agriculture).
- What is the turnover of ZARAFA?
- The turnover in financial year 2025 is ≈ €250,000. This figure is estimated from the gross margin of €100,810 and 2,203 comparable companies of the same size. It probably lies between €170,000 and €390,000. It is a rough estimate.
- Is ZARAFA profitable?
- In financial year 2025, ZARAFA made a profit of €35,897.
- Where can I find the annual accounts of ZARAFA?
- ZARAFA filed 7 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of ZARAFA due?
- ZARAFA must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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