ZARZA
ActiveZARZA has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €138k and a net result of €6k. Equity is growing by ~8.6% per year across the filed fiscal years. Its solvency ranks better than 82% of 3614 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
94
/ 100
Excellent▲ +16 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability20▲+3
Solvency98▲+16
Growth52=
Stability100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13k at 30 days acceptable
Liquidity ample (current ratio 1.93 against 1.39 in 2024), and 35.2% of the assets are financed with debt.
Credit advice 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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Sector 56
higher
← fewer bankruptcies
more bankruptcies →
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
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 09-10-2025, 22 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
22 d early
2024
106 d early
2023
32 d early
2022
41 d early
2021
34 d early
2020
24 d early
2019
36 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close14-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€138k▲ 4.2%
2024 · €132k
2019: €69k
2020: €87k
2021: €98k
2022: €151k
2023: €148k
2024: €132k
2019 → 2025
Total assets
€212k▼ 18.6%
2024 · €261k
2019: €231k
2020: €259k
2021: €226k
2022: €251k
2023: €268k
2024: €261k
2019 → 2025
Net result
€6k▲ 25.5%
2024 · €4k
2019: €6k
2020: €17k
2021: €11k
2022: €53k
2023: €7k
2024: €4k
2019 → 2025
Working capital
€68k▲ 36.9%
2024 · €50k
2019: €-61k
2020: €-14k
2021: €-4k
2022: €82k
2023: €76k
2024: €50k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€98k-€151k▲ 53.7%€148k▼ 2.1%€132k▼ 10.5%€138k▲ 4.2%
Operating result€16k-€57k▲ 269%€11k▼ 80.5%€11k▼ 2.8%€12k▲ 9.9%
Net result€11k-€53k▲ 360%€7k▼ 87.1%€4k▼ 34.8%€6k▲ 25.5%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 10% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €212k
Fixed assets
€70k▼ 14.3%
Current assets
€142k▼ 20.5%
Equity and liabilities €212k
Equity
€138k▲ 4.2%
Debt
€75k▼ 41.9%
The debt ratio falls from 49.4% to 35.2%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€32k▼
2024 · €42k
Cash flow
€25k▼
2024 · €36k
Solvency
64.8%▲
2024 · 50.6%
Current ratio
1.93▲
2024 · 1.39
Quick ratio
1.49▲
2024 · 1.16
Debt / equity
0.54▼
2024 · 0.98
ROE
4.0%▲
2024 · 3.4%
ROA
2.6%▲
2024 · 1.7%
Interest coverage
38.69▲
2024 · 27.05
Debt
€75k▼
2024 · €129k
Debt ≤ 1 year
€74k▼
2024 · €129k
Income taxes
€6k▲
2024 · €5k
Staff costs
€197k▲
2024 · €186k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€261k€212k▼
Fixed assets21/28€82k€70k▼
Tangible fixed assets22/27€82k€70k▼
Plant, machinery and equipment23€53k€46k▼
Furniture and vehicles24€4k€3k▼
Other tangible fixed assets26€25k€21k▼
Current assets29/58€179k€142k▼
Stocks and contracts in progress3€29k€33k▲
Stocks30/36€29k€33k▲
Amounts receivable within one year40/41€3k€3k▼
Trade receivables40€2k€2k▲
Other amounts receivable41€2k€1k▼
Cash at bank and in hand54/58€134k€95k▼
Deferred charges and accrued income490/1€12k€11k▼
Equity and liabilities
Total equity and liabilities10/49€261k€212k▼
Equity10/15€132k€138k▲
Contributions10/11€19k€19k=
Reserves13€113k€119k▲
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€113k€119k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€129k€75k▼
Amounts payable after more than one year17€0-
Financial debts170/4€0-
Amounts payable within one year42/48€129k€74k▼
Current portion of amounts payable after more than one year42€27k€0▼
Financial debts43€0-
Credit institutions430/8€0-
Trade debts44€39k€46k▲
Suppliers440/4€39k€46k▲
Advances received on contracts in progress46€1k€1k=
Taxes, remuneration and social security45€33k€12k▼
Taxes450/3€12k€5k▼
Remuneration and social security454/9€21k€7k▼
Other amounts payable47/48€28k€14k▼
Accrued charges and deferred income492/3-€1k
Income statement
Code20242025
Remuneration, social security and pensions62€186k€197k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€31k€20k▼
Other operating charges640/8€4k€4k▼
Non-recurring operating charges66A€0-
Gross operating margin9900€232k€233k▲
Operating profit (loss)9901€11k€12k▲
Financial income75/76B€219€299▲
Recurring financial income75€219€299▲
Financial charges65/66B€2k€823▼
Recurring financial charges65€2k€823▼
Profit (loss) for the period before taxes9903€10k€11k▲
Income taxes67/77€5k€6k▲
Profit (loss) for the period9904€4k€6k▲
Profit (loss) for the period to be appropriated9905€4k€6k▲
Appropriation of the result
Profit (loss) to be appropriated9906€4k€6k▲
Profit (loss) brought forward from the previous period14P€0-
Transfer from equity791/2€20k€0▼
Transfer to equity691/2€4k€6k▲
To other reserves6921€4k€6k▲
Profit to be distributed694/7€20k€0▼
Return on contributions (dividend)694€20k€0▼
Social balance
Average headcount (FTE)90874.24.7▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
09-10
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2024
17-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
31-03
Financial
Weakest financial yearnet €4k ▼34.8%
Net result drops to €4k, the lowest in the series; recovery starts the following year.
2023
29-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2022
20-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
31-03
Financial
Highest result since 2019net €53k ▲360%
Operating result €57k, net result €53k, both a record.
31-03
Financial
Liquidity triplescurrent ratio 2.36
Current ratio from 0.94 to 2.36; short-term debt falls from €68k to €60k.
31-03
Financial
Equity above €150kEq €151k ▲53.7%
4 profitable years in a row build equity to €151k.
2021
27-09
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2020
07-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2019
25-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
02-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
27-10
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
30-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Leuven · 1 establishment unit since 2003
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Bondgenotenlaan 923000 LeuvenGround area
210 m²
Building footprint
139 m²
Volume, LiDAR
1,310 m³
Parcel 24502B0141/00Y003, Flanders · tallest building 16.9 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
ZARZA BVBA
since 20032.133.228.849
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24502B0141/00Y003 | Flanders | 210 m² | 1 · 139 m² | 16.9 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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 (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Recognitions · licences · registrations
Food safety, FASFC
1 siteLeuven2.133.228.849
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Of 20,234 companies in sector 56111 we hold annual accounts for 11,312. 9,083 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded18-07-2003
Fiscal year end31-03
Activities, NACEBEL
55301
56101Full-service restaurants
56111Full-service restaurants
55302
56102Limited-service restaurants
56112Limited-service restaurants, excluding mobile food services
Sources
Crossroads Bank for EnterprisesNational Bank · 21 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.