ZARLIN
ActiveSummary
ZARLIN has been active since 1984 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €71k and a net result of €5k. Equity is growing by ~2.6% per year across the filed fiscal years. Its solvency ranks better than 73% of 18400 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability75▲+17
Solvency86▲+18
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity ample (current ratio 2.33 against 1.72 in 2024; short-term debt: 28.7% and cash: 19.9% of total assets), and 38.9% of the assets are financed with debt.
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
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
61.1%
Return on assets
4.6%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 22-07-2026, 9 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
9 d early
2024
28 d late
2023
26 d late
2022
25 d late
2021
78 d late
2020
86 d late
2019
129 d late
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€71k▲ 8.2%
2024 · €65k
Total assets
€116k▼ 23.0%
2024 · €150k
Net result
€5k▲ 209%
2024 · €2k
Working capital
€44k▲ 5.3%
2024 · €42k
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€1k▼ 55.9%€2k▲ 66.6%€3k▲ 40.1%€5k▲ 92.9%€8k▲ 53.8%
Net result€-1k€-469▲ 58.9%€2k€2k▼ 14.0%€5k▲ 209%
Equity€62k▼ 1.8%€62k▼ 0.8%€64k▲ 3.3%€65k▲ 2.7%€71k▲ 8.2%
Total assets€122k▲ 0.2%€145k▲ 18.8%€108k▼ 25.7%€150k▲ 39.1%€116k▼ 23.0%
Debt€60k▲ 2.3%€84k▲ 38.9%€44k▼ 47.0%€85k▲ 91.1%€45k▼ 46.9%
Working capital€52k▼ 3.9%€45k▼ 13.3%€49k▲ 10.1%€42k▼ 15.0%€44k▲ 5.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 54% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €116k
Fixed assets
€38k ▼ 22.9%
Current assets
€77k ▼ 23.0%
Equity and liabilities €116k
Equity
€71k ▲ 8.2%
Debt
€45k ▼ 46.9%
Debt's share of the balance-sheet total falls from 56.5% to 38.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€20k▲
2024 · €16k
Cash flow
€17k▲
2024 · €13k
Current ratio
2.33▲
2024 · 1.72
Quick ratio
1.26▲
2024 · 0.80
Debt to equity
0.64▼
2024 · 1.30
ROE
7.6%▲
2024 · 2.6%
ROA
4.6%▲
2024 · 1.1%
Interest coverage
6.08▲
2024 · 4.52
Debt ≤ 1 year
€33k▼
2024 · €59k
Debt > 1 year
€12k▼
2024 · €22k
Income taxes
€146▼
2024 · €152
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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €1k | €0 | €452 | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | €3k | €3k | €11k | €11k | ▲ 5.3% |
| Other operating charges640/8 | €1k | €2k | €1k | €3k | €2k | ▼ 37.1% |
| Gross operating margin9900 | €5k | €7k | €7k | €19k | €21k | ▲ 13.6% |
| Operating profit (loss)9901 | €1k | €2k | €3k | €5k | €8k | ▲ 53.8% |
| Financial income75/76B | €5 | €43 | €1k | €7 | €327 | ▲ 4,332% |
| Recurring financial income75 | €5 | €43 | €1k | €7 | €327 | ▲ 4,332% |
| Financial charges65/66B | €2k | €2k | €2k | €4k | €3k | ▼ 9.5% |
| Recurring financial charges65 | €2k | €2k | €2k | €4k | €3k | ▼ 9.5% |
| Profit (loss) for the period before taxes9903 | €-961 | €-267 | €2k | €2k | €5k | ▲ 192% |
| Income taxes67/77 | €181 | €202 | €219 | €152 | €146 | ▼ 3.7% |
| Profit (loss) for the period9904 | €-1k | €-469 | €2k | €2k | €5k | ▲ 209% |
| Profit (loss) for the period to be appropriated9905 | €-1k | €-469 | €2k | €2k | €5k | ▲ 209% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €122k | €145k | €108k | €150k | €116k | ▼ 23.0% |
| Fixed assets21/28 | €11k | €17k | €14k | €50k | €38k | ▼ 22.9% |
| Tangible fixed assets22/27 | €11k | €17k | €14k | €50k | €38k | ▼ 22.9% |
| Plant, machinery and equipment23 | €790 | €597 | €404 | €2k | €1k | ▼ 31.1% |
| Furniture and vehicles24 | €1k | €401 | €0 | €36k | €27k | ▼ 24.7% |
| Other tangible fixed assets26 | €9k | €16k | €14k | €12k | €10k | ▼ 16.2% |
| Current assets29/58 | €112k | €129k | €94k | €101k | €77k | ▼ 23.0% |
| Stocks and contracts in progress3 | €77k | €90k | €71k | €54k | €36k | ▼ 34.0% |
| Stocks30/36 | €77k | €90k | €71k | €54k | €36k | ▼ 34.0% |
| Amounts receivable within one year40/41 | €7k | €19k | €2k | €14k | €15k | ▲ 3.4% |
| Trade receivables40 | €7k | €17k | €934 | €11k | €0 | ▼ 100% |
| Other amounts receivable41 | €0 | €1k | €615 | €4k | €15k | ▲ 303% |
| Cash at bank and in hand54/58 | €22k | €16k | €17k | €27k | €23k | ▼ 15.3% |
| Deferred charges and accrued income490/1 | €5k | €4k | €5k | €5k | €4k | ▼ 22.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €122k | €145k | €108k | €150k | €116k | ▼ 23.0% |
| Equity10/15 | €62k | €62k | €64k | €65k | €71k | ▲ 8.2% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €8k | €8k | €8k | €8k | €8k | = |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | €7k | €7k | €7k | €7k | €7k | = |
| Profit (loss) carried forward14 | €35k | €35k | €37k | €38k | €44k | ▲ 14.0% |
| Amounts payable17/49 | €60k | €84k | €44k | €85k | €45k | ▼ 46.9% |
| Amounts payable after more than one year17 | - | - | - | €22k | €12k | ▼ 46.7% |
| Financial debts170/4 | - | - | - | €22k | €12k | ▼ 46.7% |
| Amounts payable within one year42/48 | €60k | €84k | €44k | €59k | €33k | ▼ 43.3% |
| Current portion of amounts payable after more than one year42 | - | - | - | €10k | €10k | ▲ 5.1% |
| Financial debts43 | €0 | €101 | €0 | - | - | - |
| Credit institutions430/8 | €0 | €101 | €0 | - | - | - |
| Trade debts44 | €28k | €59k | €29k | €37k | €21k | ▼ 41.6% |
| Suppliers440/4 | €28k | €59k | €29k | €37k | €21k | ▼ 41.6% |
| Advances received on contracts in progress46 | - | €2k | €0 | €10k | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | €4k | €5k | €2k | €2k | €1k | ▼ 15.2% |
| Taxes450/3 | €4k | €5k | €2k | €2k | €1k | ▼ 15.2% |
| Other amounts payable47/48 | €28k | €18k | €13k | €710 | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | €428 | €0 | - | €4k | €52 | ▼ 98.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-1k | €-469 | €2k | €2k | €5k | ▲ 209% |
| + Depreciation and write-downs630 | €2k | €3k | €3k | €11k | €11k | ▲ 5.3% |
| Operating cash flow (approximation) | €899 | €2k | €5k | €13k | €17k | ▲ 33.4% |
| Investment in fixed assets (approximation) | - | €-9k | €0 | €-46k | €0 | ▲ 100% |
| Change in cash | - | €-6k | €1k | €10k | €-4k | ▼ 141% |
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
22-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
26-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 26 days late
2023
31-12
Financial
Back to profitnet €2k
Net result €2k after 2 loss-making years.
25-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 25 days late
2022
17-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 78 days late
2021
25-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 86 days late
2020
07-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 129 days late
2019
31-12
Financial
Back to profitnet €9k
Net result €9k after one loss-making year.
30-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 61 days late
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 28 days late
2017
25-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 25 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Brussel · 1 establishment unit since 1984
Ground area
3,407 m²
Building footprint
238 m²
Volume, LiDAR
2,666 m³
2 parcels, Brussels, Flanders · tallest building 17.0 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
ZARLIN
since 19842.025.423.841
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 22005A0526/00Z000 | Flanders | 3,195 m² | 1 · 180 m² | 17.0 m · 4 fl. |
| 21818A0253/00Z000indicative | Brussels | 212 m² | 1 · 58 m² | 12.5 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 2,606 companies in sector 47551 we hold annual accounts for 1,716. 1,259 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
Founded28-08-1984
Fiscal year end31-12
Activities, NACEBEL 2025
47551Retail sale of household furniture
Scores and ratios are computed by Checked and are not a credit decision.