ZARGAL

Active

Private limited companyfounded 2006active for 20 yearsJohn Cordierlaan 12, 8400 Oostende, BelgiumKBO/BCE: BE 0880.882.140

Summary

ZARGAL has been active since 2006 and the Belgian Official Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €2.7m and a net result of €451,362. Equity is growing by about 21% per year across the filed financial years. The computed 12-month bankruptcy probability is 0.1% (very low).

Risk analysisFollow Report Compare

ZARGALActiveChecked score 95/100

Risk analysis Report Compare

Activity

Manufacture of textiles

NACE 13960Manufacture of textiles NACE 13100

1 site

Size

€5.9mtotal assets 2026

Staff: 2 FTE
Equity: €2.7m
Profit: €451,362

Turnover not published (abbreviated format)

Financial health

95 Excellent Checked score 2026

Bankruptcy probabilitywithin 12 months: 0.1%

Structure

BEECKMAN Karine Magda AlbertDirector
DECRAEMER Luc Jozef RolandDirector

2026 accounts 36 days early1 of 3 deeds summarised

Why 95raises riskLiquidity: current ratio 14.19, cash €46,343lowers riskSize: 2 FTE, total assets €5.9mFigures for financial year 2026 (filed 25-09-2026)Founded in 2006Show the evidence

Checked score

Score 2026

95 / 100

Excellent

Probability in this band: under 0.55%

Financially better than 57% of its sector peers (NACE 13, micro)

Every signal that counts is listed under Signals.

Financial strength · tick = 2025

Strong

Solvency 71+1

equity 46.0% of total assets

Liquidity 51+3

short-term debt 6.7% · cash 0.8%

Profitability 76-9

return on assets 7.6%

Bankruptcy probability, 12 months

0.1% Very low

0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (494 companies, NACE 13, micro)

Last 24 months 11-2024: 0.1% 12-2024: 0.1%● unchanged vs 11-2024 01-2025: 0.1%● unchanged vs 12-2024lowest value 02-2025: 0.1%● unchanged vs 01-2025lowest value 03-2025: 0.1%● unchanged vs 02-2025lowest value 04-2025: 0.1%● unchanged vs 03-2025lowest value 05-2025: 0.1%● unchanged vs 04-2025 06-2025: 0.1%● unchanged vs 05-2025 07-2025: 0.1%● unchanged vs 06-2025 08-2025: 0.1%● unchanged vs 07-2025 09-2025: 0.2%▲ +0.1 percentage points vs 08-2025 10-2025: 0.2%● unchanged vs 09-2025highest value 11-2025: 0.1%▼ -0.1 percentage points vs 10-2025 12-2025: 0.1%● unchanged vs 11-2025 01-2026: 0.1%● unchanged vs 12-2025 02-2026: 0.1%● unchanged vs 01-2026 03-2026: 0.1%● unchanged vs 02-2026 04-2026: 0.1%● unchanged vs 03-2026 05-2026: 0.1%● unchanged vs 04-2026 06-2026: 0.1%● unchanged vs 05-2026 07-2026: 0.1%● unchanged vs 06-2026 08-2026: 0.1%● unchanged vs 07-2026 09-2026: 0.2%▲ +0.1 percentage points vs 08-2026 10-2026: 0.1%▼ -0.1 percentage points vs 09-2026

Credit of up to €250,000 on 30-day terms is acceptable

Liquidity ample (current ratio 14.19, compared with 6.07 in 2025, above the usual 1.5; short-term debt: 6.7% and cash: 0.8% of total assets), but 54% of the assets are financed with debt and provisions.

How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 13, micro): better than 48% on solvency, 44% on liquidity, 61% on profitability and 76% on growth.

The bankruptcy probability was computed on 24-10-2026 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.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.

lowers riskraises riskneutral

Liquidity: current ratio 14.19, cash €46,343

NBB · annual accounts

Size: 2 FTE, total assets €5.9m

Companies of this size fail less often; how much that weighs depends on the rest of its profile.

NBB · annual accounts

Figures for financial year 2026 (filed 25-09-2026)

NBB · annual accounts

Founded in 2006

Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.

KBO

Latest accounts filed on time

The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 25-09-2026, 36 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2026

36 days early

2025

31 days early

2024

24 days early

2023

28 days early

2022

14 days early

2021

26 days early

2020

12 days 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 24 days before the deadline; the sector median (NACE 13) for financial year 2024 is 13 days before the deadline, and 32% of those companies filed late.

Searched, nothing found (2)

Next filing not due yet

The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today. The company usually files around 3 October (5 of the last 5 filed years within 30 days of that day).

Companies Code · seven months

Where today falls in the filing period

25-10-2026 today31-03-2027 year end31-10-2027 deadline

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

25-09-2026 Annual accounts filedfinancial year 2026 · abbreviated…
31-03-2026 Liquidity more than doubledcurrent ratio 14.19
30-09-2025 Annual accounts filedfinancial year 2025 · abbreviated…

Key points

Positive: Filed on time since financial year 2019accounts within the deadline every year 8 years View
Positive: 6 profitable years in a rowprofit 2026: €451,362 6 years View
Caution: Result fell in 2026from €641,994 to €451,362 ▼ 29.7% View

By topic

Financials

Financial year: 2026
Total assets: €5.9m
Profit: €451,362
Solvency: 46.0%

Total assets▲ 16.9%

Net result

20192026

Go to Financials

Board & ownership

Board: 2 members

BEECKMAN Karine Magda AlbertDirector
DECRAEMER Luc Jozef RolandDirector

Go to Board & ownership

Timeline

Events: 27
Since: 2009
Next accounts: by 31-10-2027

31-03-2025Equity above €2m
07-10-2024Annual accounts filed
31-03-2024Liquidity more than doubled

Go to Timeline

Company details

Sites: 1

Legal form: Private limited company
Activity: Manufacture of textilesNACE 13960
Founded: 18-04-2006
Year ends: 31-03
Peppol: Reachable for e-invoices

Go to Company details

Articles of association

Provisions read: 19

Who signs: Each director alone
Annual meeting: Third Friday of September at 14:00
Purpose: “De fabricatie en het verhandelen,de aan-en verkoop,in-en uitvoer,de handel in het groot en…” (deed in Dutch)

Go to Articles of association

Key facts about ZARGAL

What is the company number of ZARGAL?: 0880.882.140. In Belgium the VAT number is the company number with BE in front: BE 0880.882.140.
Where is ZARGAL based?: The registered office is at John Cordierlaan 12, 8400 Oostende.Company details
What does ZARGAL do?: According to the KBO register, the main activity is manufacture of textiles (NACE 13960).
What is the legal form of ZARGAL?: Private limited company (BV).
When was ZARGAL founded?: On 18-04-2006.
Is ZARGAL still active?: Yes, ZARGAL is an active enterprise in the KBO register.
How many employees does ZARGAL have?: On average 2 full-time equivalents in financial year 2026, according to the filed annual accounts.Financials
What is the turnover of ZARGAL?: Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.
Is ZARGAL profitable?: In financial year 2026, ZARGAL made a profit of €451,362.
Where can I find the annual accounts of ZARGAL?: ZARGAL filed 19 annual accounts with the National Bank of Belgium, the latest for financial year 2026.
When are the next annual accounts of ZARGAL due?: By 31-10-2027, for financial year 2027.Timeline