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ZARRA

Active
Public limited companyfounded 200422 yrs activeRue Julien-D'Andrimont 33/12, 4000 Liège, BelgiumKBO/BCE: BE 0866.161.795
Summary

ZARRA has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.1m and a net result of €231,444. Equity is growing by ~73.1% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.8% (low).

Checked score

Score 2024
Axes · tick = 2023
Profitability80▼-1
Solvency69▲+5
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €75,000 at 30 days acceptable
Liquidity ample (current ratio 2.64 against 2.71 in 2023; short-term debt: 26% and cash: 4.1% of total assets), but 55.8% of the assets are financed with debt.
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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 22 years 0 30 y
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024
Solvency, return and age of the figures
Solvency
44.2%
Return on assets
9.3%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 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 · 10 filings
Deviation from the deadline
2025
not confirmed
2024
29 d late
2023
30 d late
2022
24 d late
2021
31 d late
2020
27 d late
2019
91 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 6 accounts on average 39 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

ZARRA was incorporated on 5 July 2004.1 Total assets went from EUR 2.3 million in 2018 to EUR 2.5 million in 2024 and headcount from 0.4 to 0.5 full-time equivalents.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2024

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Financials · fiscal year 2024, full schema

Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€231,444▲ 4.8%
2023 · €220,924
Working capital
€1.1m▲ 8.7%
2023 · €971,824
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
Line20202021202220232024
Operating result€136,594▼ 14.0%€254,788▲ 86.5%€468,932▲ 84.0%€296,437▼ 36.8%€286,640▼ 3.3%
Net result€104,983▼ 34.5%€186,582▲ 77.7%€349,689▲ 87.4%€220,924▼ 36.8%€231,444▲ 4.8%
Equity€108,193▲ 3,270%€294,775▲ 172%€644,464▲ 119%€865,388▲ 34.3%€1.1m▲ 26.7%
Total assets€1.6m▼ 30.9%€1.8m▲ 11.3%€2.1m▲ 14.5%€2.2m▲ 6.8%€2.5m▲ 12.9%
Debt€1.5m▼ 35.4%€1.5m▼ 0.3%€1.4m▼ 9.8%€1.3m▼ 6.0%€1.3m▲ 4.2%
Working capital-€320,272▲ 37.2%-€129,833▲ 59.5%€749,841€971,824▲ 29.6%€1.1m▲ 8.7%
Staff (FTE)0.5=1▲ 100%0.5▼ 50.0%0.5=0.5=
Result per fiscal year
Operating resultNet result
€0€200,000€400,000Operating result 2020: €136,594€136,594Net result 2020: €104,983€104,983Operating result 2021: €254,788€254,788Net result 2021: €186,582€186,582Operating result 2022: €468,932€468,932Net result 2022: €349,689€349,689Operating result 2023: €296,437€296,437Net result 2023: €220,924€220,924Operating result 2024: €286,640€286,640Net result 2024: €231,444€231,44420202021202220232024€0€200,000€400,000Operating result 2022: €468,932€469,000Net result 2022: €349,689€350,000Operating result 2023: €296,437€296,000Net result 2023: €220,924€221,000Operating result 2024: €286,640€287,000Net result 2024: €231,444€231,000202220232024
The operating result has fallen two years in a row; 2024 is 3% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.5m
Fixed assets €778,134 ▲ 19.0%
Current assets €1.7m ▲ 10.4%
Equity and liabilities €2.5m
Equity €1.1m ▲ 26.7%
Provisions €57,257 ▼ 0.5%
Debt €1.3m ▲ 4.2%
Debt's share of the balance-sheet total falls from 57.9% to 53.4%. Equity and debt are higher.
Key figures and ratios
2024 value · change against 2023
EBITDA
€307,104▼
2023 · €318,668
Cash flow
€251,908▲
2023 · €243,156
Current ratio
2.64▼
2023 · 2.71
Debt to equity
1.21▼
2023 · 1.47
ROE
21.1%▼
2023 · 25.5%
ROA
9.3%▼
2023 · 10.1%
Interest coverage
978.32▼
2023 · 1139.57
Debt ≤ 1 year
€644,165▲
2023 · €568,983
Debt > 1 year
€481,494▼
2023 · €573,947
Income taxes
€78,363▲
2023 · €75,787
Staff costs
€0▼
2023 · €13,517
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 31,370 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 93% are still going.

  • Micro
  • 20 years or older
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.5% went bankrupt
5.9% stopped otherwise
93% still going

A further 0.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 0.8% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.9%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 31,370 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2024 against 2023 · 60 lines
Balance sheet Code20232024
Assets
Total assets20/58€2.2m€2.5m▲
Fixed assets21/28€654,022€778,134▲
Tangible fixed assets22/27€651,348€775,460▲
Land and buildings22€605,299€605,299=
Plant, machinery and equipment23€46,049€170,160▲
Financial fixed assets28€2,674€2,674=
Current assets29/58€1.5m€1.7m▲
Amounts receivable within one year40/41€213,005€221,647▲
Trade receivables40€0€1,800▲
Other amounts receivable41€213,005€219,847▲
Current investments50/53-€1.2m
Cash at bank and in hand54/58€1.2m€102,582▼
Deferred charges and accrued income490/1€82,635€130,122▲
Equity and liabilities
Total equity and liabilities10/49€2.2m€2.5m▲
Equity10/15€865,388€1.1m▲
Contributions10/11€350,000€350,000=
Capital10€350,000€350,000=
Issued capital100€350,000€350,000=
Reserves13€258,166€257,302▼
Non-distributable reserves130/1€1,910€1,910=
Legal reserve130€1,910€1,910=
Tax-exempt reserves132€172,636€171,772▼
Distributable reserves133€83,620€83,620=
Profit (loss) carried forward14€257,223€489,531▲
Provisions and deferred taxes16€57,545€57,257▼
Deferred taxes168€57,545€57,257▼
Amounts payable17/49€1.3m€1.3m▲
Amounts payable after more than one year17€573,947€481,494▼
Other amounts payable178/9€573,947€481,494▼
Amounts payable within one year42/48€568,983€644,165▲
Trade debts44€59,773€161,682▲
Suppliers440/4€59,773€161,682▲
Advances received on contracts in progress46€11,542€18,072▲
Taxes, remuneration and social security45€27,025€12,305▼
Taxes450/3€27,025€12,305▼
Other amounts payable47/48€470,644€452,106▼
Accrued charges and deferred income492/3€128,965€199,134▲
Income statement Code20232024
Remuneration, social security and pensions62€13,517€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€22,232€20,463▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€867€867▲
Other operating charges640/8€110,956€71,711▼
Gross operating margin9900€442,274€379,682▼
Operating profit (loss)9901€296,437€286,640▼
Financial income75/76B€554€23,193▲
Recurring financial income75€554€23,193▲
Financial charges65/66B€280€314▲
Recurring financial charges65€280€314▲
Profit (loss) for the period before taxes9903€296,711€309,519▲
Transfer from deferred taxes780-€288
Transfer to deferred taxes680€0-
Income taxes67/77€75,787€78,363▲
Profit (loss) for the period9904€220,924€231,444▲
Transfer from tax-exempt reserves789-€864
Transfer to tax-exempt reserves689€0-
Profit (loss) for the period to be appropriated9905€220,924€232,308▲
Appropriation of the result
Profit (loss) to be appropriated9906€257,223€489,531▲
Profit (loss) brought forward from the previous period14P€36,298€257,223▲
Transfer to equity691/2€0-
To the legal reserve6920€0-
Social balance
Average headcount (FTE)90870.50.5=

The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20202021202220232024Change
Remuneration, social security and pensions62-€38,894€25,764€13,517€0▼ 100%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€167,483€74,357€30,035€22,232€20,463▼ 8.0%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4--€1,200-€867€867▲ 200%
Other operating charges640/8-€10,396€7,051€110,956€71,711▼ 35.4%
Gross operating margin9900€335,107€378,435€532,982€442,274€379,682▼ 14.2%
Operating profit (loss)9901€136,594€254,788€468,932€296,437€286,640▼ 3.3%
Financial income75/76B-€1€3€554€23,193▲ 4,085%
Recurring financial income75€2,195€1€3€554€23,193▲ 4,085%
Financial charges65/66B-€287€296€280€314▲ 12.3%
Recurring financial charges65€2,670€287€296€280€314▲ 12.3%
Profit (loss) for the period before taxes9903€136,119€254,503€468,639€296,711€309,519▲ 4.3%
Transfer from deferred taxes780----€288-
Transfer to deferred taxes680--€57,545€0--
Income taxes67/77€31,136€67,920€61,404€75,787€78,363▲ 3.4%
Profit (loss) for the period9904€104,983€186,582€349,689€220,924€231,444▲ 4.8%
Transfer from tax-exempt reserves789----€864-
Transfer to tax-exempt reserves689--€172,636€0--
Profit (loss) for the period to be appropriated9905€104,983€186,582€177,053€220,924€232,308▲ 5.2%
Line20202021202220232024Change
Assets
Total assets20/58€1.6m€1.8m€2.1m€2.2m€2.5m▲ 12.9%
Fixed assets21/28€1.4m€1.3m€676,253€654,022€778,134▲ 19.0%
Tangible fixed assets22/27€1.4m€1.3m€673,579€651,348€775,460▲ 19.1%
Land and buildings22-€1.1m€605,299€605,299€605,299=
Plant, machinery and equipment23-€265,018€68,280€46,049€170,160▲ 270%
Financial fixed assets28€2,674€2,674€2,674€2,674€2,674=
Current assets29/58€194,158€450,780€1.4m€1.5m€1.7m▲ 10.4%
Amounts receivable within one year40/41€4,095€213,202€205,351€213,005€221,647▲ 4.1%
Trade receivables40-€7,497€1,449€0€1,800-
Other amounts receivable41-€205,705€203,902€213,005€219,847▲ 3.2%
Current investments50/53----€1.2m-
Cash at bank and in hand54/58€189,331€236,547€1.2m€1.2m€102,582▼ 91.8%
Deferred charges and accrued income490/1-€1,032€433€82,635€130,122▲ 57.5%
Equity and liabilities
Total equity and liabilities10/49€1.6m€1.8m€2.1m€2.2m€2.5m▲ 12.9%
Equity10/15€108,193€294,775€644,464€865,388€1.1m▲ 26.7%
Contributions10/11€350,000€350,000€350,000€350,000€350,000=
Capital10-€350,000€350,000€350,000€350,000=
Issued capital100-€350,000€350,000€350,000€350,000=
Reserves13€83,620€83,620€258,166€258,166€257,302▼ 0.3%
Non-distributable reserves130/1--€1,910€1,910€1,910=
Legal reserve130--€1,910€1,910€1,910=
Tax-exempt reserves132--€172,636€172,636€171,772▼ 0.5%
Distributable reserves133-€83,620€83,620€83,620€83,620=
Profit (loss) carried forward14-€325,427-€138,845€36,298€257,223€489,531▲ 90.3%
Provisions and deferred taxes16--€57,545€57,545€57,257▼ 0.5%
Deferred taxes168--€57,545€57,545€57,257▼ 0.5%
Amounts payable17/49€1.5m€1.5m€1.4m€1.3m€1.3m▲ 4.2%
Amounts payable after more than one year17€989,345€918,845€724,085€573,947€481,494▼ 16.1%
Other amounts payable178/9-€918,845€724,085€573,947€481,494▼ 16.1%
Amounts payable within one year42/48€514,430€580,613€629,155€568,983€644,165▲ 13.2%
Trade debts44€1,469€5,722€75,798€59,773€161,682▲ 170%
Suppliers440/4-€5,722€75,798€59,773€161,682▲ 170%
Advances received on contracts in progress46-€3,420€3,538€11,542€18,072▲ 56.6%
Taxes, remuneration and social security45-€100,977€79,325€27,025€12,305▼ 54.5%
Taxes450/3-€99,142€79,325€27,025€12,305▼ 54.5%
Remuneration and social security454/9-€1,835€0---
Other amounts payable47/48-€470,494€470,494€470,644€452,106▼ 3.9%
Accrued charges and deferred income492/3---€128,965€199,134▲ 54.4%
Line20202021202220232024Change
Profit (loss) for the period9904€104,983€186,582€349,689€220,924€231,444▲ 4.8%
+ Depreciation and write-downs630€167,483€74,357€30,035€22,232€20,463▼ 8.0%
Operating cash flow (approximation)€272,466€260,939€379,725€243,156€251,908▲ 3.6%
Investment in fixed assets (approximation)-€0€637,164€0-€144,575-
Change in cash-€47,216€936,664€71,957-€1.1m▼ 1,688%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
29-08
NBB filing Annual accounts filed
fiscal year 2024 · full schema · 29 days late
2024
31-12
Financial Equity above €1mEq €1.1m ▲26.7%
7 profitable years in a row build equity to €1.1m.
30-08
NBB filing Annual accounts filed
fiscal year 2023 · full schema · 30 days late
2023
24-08
NBB filing Annual accounts filed
fiscal year 2022 · full schema · 24 days late
2022
31-12
Financial Highest result since 2018net €349,689 ▲87.4%
Operating result €468,932, net result €349,689, both a record.
31-12
Financial Liquidity triplescurrent ratio 2.19
Current ratio from 0.78 to 2.19.
31-12
Financial Equity above €500,000Eq €644,464 ▲119%
5 profitable years in a row build equity to €644,464.
31-08
NBB filing Annual accounts filed
fiscal year 2021 · full schema · 31 days late
2021
31-12
Financial Equity above €200,000Eq €294,775 ▲172%
4 profitable years in a row build equity to €294,775.
27-08
NBB filing Annual accounts filed
fiscal year 2020 · full schema · 27 days late
2020
31-12
Financial Equity above €100,000Eq €108,193 ▲3,270%
3 profitable years in a row build equity to €108,193.
30-10
NBB filing Annual accounts filed
fiscal year 2019 · full schema · 91 days late
Show earlier events
2019
30-08
NBB filing Annual accounts filed
fiscal year 2018 · full schema · 30 days late
2018
31-08
NBB filing Annual accounts filed
fiscal year 2017 · full schema · 31 days late
2017
28-08
NBB filing Annual accounts filed
fiscal year 2016 · full schema · 28 days late
2016
31-08
NBB filing Annual accounts filed
fiscal year 2015 · full schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts

We know of 8 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
8 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, Liège · 1 establishment unit since 2006
seat establishment The establishment unit on the map
Ground area
1,954 m²
Building footprint
889 m²
Volume, LiDAR
21,739 m³
Parcel 62804D0269/00S000, Wallonia · tallest building 26.9 m, ±8 floors. Linked by address, not a title deed.
1 establishment unit
ZARRA
Rue Julien-D'Andrimont 33, 4000 LiègeNACE 7012001
since 20062.155.351.777
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
62804D0269/00S000 Wallonia 1,954 m² 1 · 889 m² 26.9 m · 8 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.

Structure & network

Owners and holdings

1 owner

Chain of control

  1. IMMO NEW 99%
  2. ZARRA

Highest known parent: IMMO NEW. The sources do not say who stands above it.

Owners 1

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Identification & contact

Identification
Legal formPublic limited company
Founded05-07-2004
Fiscal year end31-12
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

What can you do?

Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.

If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance

If you follow this company, Checked tells you the day it appears in the Peppol register.

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.