ZASO
ActiveSummary
The computed 12-month bankruptcy probability of ZASO is 1.8% (moderate). The 2025 annual accounts show equity of €16k and a net result of €-15k. Equity is shrinking by ~11.8% per year across the filed fiscal years. Its solvency ranks better than 34% of 13417 sector peers (fiscal year 2025). The company has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability25▼-58
Solvency37▼-11
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Liquidity short (current ratio 0.59 against 0.43 in 2024; short-term debt: 88.2% and cash: 19.4% of total assets), and 88.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← 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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
11.8%
Return on assets
-10.8%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 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 filingsDeviation from the deadline
2025
27 d late
2024
8 d late
2023
6 d early
2022
18 d early
2021
17 d early
2020
25 d early
2019
25 d early
← 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
€16k▼ 47.8%
2024 · €30k
Total assets
€134k▲ 0.4%
2024 · €134k
Net result
€-15k
2024 · €15k
Working capital
€-48k▲ 17.2%
2024 · €-59k
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€-3k€-11k▼ 226%€-838▲ 92.2%€22k€-7k
Net result€-6k€-16k▼ 153%€-10k▲ 38.3%€15k€-15k
Equity€42k▼ 13.3%€26k▼ 38.8%€16k▼ 39.2%€30k▲ 94.0%€16k▼ 47.8%
Total assets€89k▲ 10.5%€170k▲ 90.7%€158k▼ 7.1%€134k▼ 15.5%€134k▲ 0.4%
Debt€47k▲ 46.5%€144k▲ 207%€142k▼ 1.4%€103k▼ 27.6%€118k▲ 14.7%
Working capital€-16k▼ 266%€-85k▼ 418%€-95k▼ 11.4%€-59k▲ 38.4%€-48k▲ 17.2%
Staff (FTE)7.8▲ 20.0%8.1▲ 3.8%8.1=9.3▲ 14.8%8.1▼ 12.9%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €7k after €22k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €134k
Fixed assets
€64k ▼ 27.7%
Current assets
€70k ▲ 56.4%
Equity and liabilities €134k
Equity
€16k ▼ 47.8%
Debt
€118k ▲ 14.7%
Debt's share of the balance-sheet total rises from 77.2% to 88.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€17k▼
2024 · €47k
Cash flow
€10k▼
2024 · €40k
Current ratio
0.59▲
2024 · 0.43
Quick ratio
0.53▲
2024 · 0.38
Debt to equity
7.45▲
2024 · 3.39
ROE
-91.6%▼
2024 · 48.5%
ROA
-10.8%▼
2024 · 11.0%
Interest coverage
2.42▼
2024 · 6.64
Debt ≤ 1 year
€118k▲
2024 · €103k
Staff costs
€358k▲
2024 · €309k
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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €283k | €367k | €331k | €309k | €358k | ▲ 16.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €31k | €26k | €11k | €25k | €25k | ▼ 2.7% |
| Other operating charges640/8 | €2k | €7k | €6k | €2k | €2k | ▼ 12.2% |
| Non-recurring operating charges66A | €2k | €5k | €3k | - | - | - |
| Gross operating margin9900 | €315k | €395k | €349k | €358k | €377k | ▲ 5.5% |
| Operating profit (loss)9901 | €-3k | €-11k | €-838 | €22k | €-7k | ▼ 134% |
| Financial income75/76B | - | - | - | €0 | €5 | ▲ 2,365% |
| Recurring financial income75 | - | - | - | €0 | €5 | ▲ 2,365% |
| Financial charges65/66B | €3k | €6k | €9k | €7k | €7k | ▼ 0.2% |
| Recurring financial charges65 | €3k | €6k | €9k | €7k | €7k | ▼ 0.2% |
| Profit (loss) for the period before taxes9903 | €-6k | €-17k | €-10k | €15k | €-15k | ▼ 199% |
| Income taxes67/77 | €97 | €-136 | - | - | - | - |
| Profit (loss) for the period9904 | €-6k | €-16k | €-10k | €15k | €-15k | ▼ 199% |
| Profit (loss) for the period to be appropriated9905 | €-6k | €-16k | €-10k | €15k | €-15k | ▼ 199% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €89k | €170k | €158k | €134k | €134k | ▲ 0.4% |
| Fixed assets21/28 | €59k | €111k | €111k | €89k | €64k | ▼ 27.7% |
| Tangible fixed assets22/27 | €56k | €108k | €108k | €86k | €62k | ▼ 28.6% |
| Plant, machinery and equipment23 | €31k | €47k | €47k | €36k | €21k | ▼ 40.2% |
| Furniture and vehicles24 | €17k | €19k | €19k | €13k | €8k | ▼ 37.4% |
| Other tangible fixed assets26 | €8k | €42k | €43k | €37k | €32k | ▼ 14.4% |
| Financial fixed assets28 | €3k | €3k | €3k | €3k | €3k | = |
| Current assets29/58 | €31k | €59k | €47k | €45k | €70k | ▲ 56.4% |
| Stocks and contracts in progress3 | €4k | €4k | €5k | €5k | €8k | ▲ 49.0% |
| Stocks30/36 | €4k | €4k | €5k | €5k | €8k | ▲ 49.0% |
| Amounts receivable within one year40/41 | €21k | €36k | €19k | €9k | €23k | ▲ 163% |
| Trade receivables40 | €17k | €14k | €5k | €4k | €7k | ▲ 63.2% |
| Other amounts receivable41 | €4k | €22k | €13k | €5k | €17k | ▲ 254% |
| Cash at bank and in hand54/58 | €6k | €19k | €11k | €18k | €26k | ▲ 45.3% |
| Deferred charges and accrued income490/1 | - | - | €13k | €13k | €13k | = |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €89k | €170k | €158k | €134k | €134k | ▲ 0.4% |
| Equity10/15 | €42k | €26k | €16k | €30k | €16k | ▼ 47.8% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Capital10 | €19k | - | - | - | - | - |
| Issued capital100 | €19k | - | - | - | - | - |
| Reserves13 | €29k | €29k | €29k | €29k | €29k | = |
| Non-distributable reserves130/1 | €2k | €2k | - | - | - | - |
| Legal reserve130 | €2k | - | - | - | - | - |
| Reserves not available under the articles1311 | - | €2k | - | - | - | - |
| Tax-exempt reserves132 | €27k | €27k | €27k | €27k | €27k | = |
| Distributable reserves133 | - | - | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €-5k | €-22k | €-32k | €-17k | €-32k | ▼ 85.5% |
| Amounts payable17/49 | €47k | €144k | €142k | €103k | €118k | ▲ 14.7% |
| Amounts payable within one year42/48 | €47k | €144k | €142k | €103k | €118k | ▲ 14.7% |
| Current portion of amounts payable after more than one year42 | - | €47k | €35k | €21k | €8k | ▼ 60.8% |
| Financial debts43 | - | €22k | €21k | €23k | €19k | ▼ 18.9% |
| Credit institutions430/8 | - | €22k | €21k | €23k | €19k | ▼ 18.9% |
| Trade debts44 | €19k | €58k | €59k | €15k | €25k | ▲ 68.6% |
| Suppliers440/4 | €19k | €58k | €59k | €15k | €25k | ▲ 68.6% |
| Taxes, remuneration and social security45 | €27k | €16k | €28k | €40k | €43k | ▲ 8.3% |
| Taxes450/3 | €897 | €80 | €9k | €18k | €15k | ▼ 19.2% |
| Remuneration and social security454/9 | €26k | €16k | €19k | €22k | €28k | ▲ 31.8% |
| Other amounts payable47/48 | €1k | €2k | €83 | €4k | €23k | ▲ 461% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-6k | €-16k | €-10k | €15k | €-15k | ▼ 199% |
| + Depreciation and write-downs630 | €31k | €26k | €11k | €25k | €25k | ▼ 2.7% |
| Operating cash flow (approximation) | €25k | €10k | €710 | €40k | €10k | ▼ 74.9% |
| Investment in fixed assets (approximation) | - | €-79k | €-10k | €-4k | €0 | ▲ 100% |
| Change in cash | - | €13k | €-8k | €7k | €8k | ▲ 15.4% |
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
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 27 days late
2025
08-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 8 days late
2024
31-12
Financial
Back to profitnet €15k
Net result €15k after 3 loss-making years.
25-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
13-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Weakest financial yearnet €-16k
Net result drops to €-16k, the lowest in the series; recovery starts the following year.
14-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
06-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
06-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €5k
Net result €5k after one loss-making year.
12-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
17-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
21-07
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.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
5 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, Lier · 1 establishment unit since 2011
Ground area
191 m²
Building footprint
100 m²
Volume, LiDAR
1,224 m³
Parcel 12021K0024/00E000, Flanders · tallest building 16.6 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
al Taglio
since 20112.198.288.036
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12021K0024/00E000 | Flanders | 191 m² | 1 · 100 m² | 16.6 m · 4 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Recognitions · licences · registrations
Food safety, FASFC
1 siteLier2.198.288.036
Dual-learning approval
4 endedHulpkelner (so)
Hulpkok (so)
Keukenmedewerker (so)
Kok (so)
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Of 20,501 companies in sector 56111 we hold annual accounts for 11,452. 8,286 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
Founded11-04-2011
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
56210Event catering
Scores and ratios are computed by Checked and are not a credit decision.