ZATES
ActiveZATES has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €296k and a net result of €-32k. Equity is shrinking by ~7.6% per year across the filed fiscal years. Its solvency ranks better than 95% of 18939 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2024
56
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability6▲+6
Solvency100=
Growth32=
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €16k at 30 days acceptable
Liquidity short (current ratio 0.36 against 1.27 in 2023; short-term debt: 7.6% and cash: 0.8% of total assets), and 7.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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
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 2024Solvency, return and age of the figures
Solvency
92.4%
Return on assets
-9.9%
Age of the figures
21 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year €-32k
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 filingsDeviation from the deadline
2025
not confirmed
2024
29 d late
2023
30 d late
2022
70 d early
2021
31 d late
2020
31 d late
2019
91 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€296k▼ 9.6%
2023 · €328k
2018: €453k
2019: €460k
2020: €440k
2021: €407k
2022: €378k
2023: €328k
2018 → 2024
Total assets
€320k▼ 5.4%
2023 · €339k
2018: €470k
2019: €498k
2020: €476k
2021: €428k
2022: €394k
2023: €339k
2018 → 2024
Net result
€-32k▲ 37.3%
2023 · €-50k
2018: €22k
2019: €7k
2020: €-21k
2021: €-32k
2022: €-30k
2023: €-50k
2018 → 2024
Working capital
€-16k
2023 · €3k
2018: €96k
2019: €105k
2020: €89k
2021: €68k
2022: €45k
2023: €3k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€440k-€407k▼ 7.3%€378k▼ 7.2%€328k▼ 13.3%€296k▼ 9.6%
Operating result€-20k-€-31k▼ 57.7%€-29k▲ 8.1%€-50k▼ 73.2%€-31k▲ 37.5%
Net result€-21k-€-32k▼ 54.9%€-30k▲ 8.3%€-50k▼ 70.5%€-32k▲ 37.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €31k in 2024 against €50k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €320k
Fixed assets
€312k▼ 4.0%
Current assets
€9k▼ 38.0%
Equity and liabilities €320k
Equity
€296k▼ 9.6%
Debt
€24k▲ 121%
The debt ratio rises from 3.2% to 7.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-18k▲
2023 · €-37k
Cash flow
€-19k▲
2023 · €-37k
Solvency
92.4%▼
2023 · 96.8%
Current ratio
0.36▼
2023 · 1.27
Quick ratio
0.36▼
2023 · 1.27
Debt / equity
0.08▲
2023 · 0.03
ROE
-10.7%▲
2023 · -15.4%
ROA
-9.9%▲
2023 · -14.9%
Interest coverage
-29.51▲
2023 · -44.14
Debt
€24k▲
2023 · €11k
Debt ≤ 1 year
€24k▲
2023 · €11k
Staff costs
€0▼
2023 · €131
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€339k€320k▼
Fixed assets21/28€325k€312k▼
Tangible fixed assets22/27€325k€312k▼
Land and buildings22€324k€311k▼
Plant, machinery and equipment23€753€228▼
Current assets29/58€14k€9k▼
Amounts receivable within one year40/41€5k€4k▼
Trade receivables40€4k€2k▼
Other amounts receivable41€2k€2k▲
Cash at bank and in hand54/58€7k€3k▼
Deferred charges and accrued income490/1€2k€2k▲
Equity and liabilities
Total equity and liabilities10/49€339k€320k▼
Equity10/15€328k€296k▼
Contributions10/11€396k€396k=
Reserves13€52k€52k=
Non-distributable reserves130/1€10k€8k▼
Reserves not available under the articles1311€10k€8k▼
Distributable reserves133€42k€44k▲
Profit (loss) carried forward14€-121k€-152k▼
Amounts payable17/49€11k€24k▲
Amounts payable after more than one year17€0-
Financial debts170/4€0-
Amounts payable within one year42/48€11k€24k▲
Current portion of amounts payable after more than one year42€5k€0▼
Trade debts44€5k€10k▲
Suppliers440/4€5k€10k▲
Taxes, remuneration and social security45€73€0▼
Taxes450/3€0-
Remuneration and social security454/9€73€0▼
Other amounts payable47/48€675€14k▲
Income statement
Code20232024
Remuneration, social security and pensions62€131€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13k€13k=
Other operating charges640/8€2k€2k▼
Non-recurring operating charges66A€0-
Gross operating margin9900€-35k€-16k▲
Operating profit (loss)9901€-50k€-31k▲
Financial income75/76B€1€6▲
Recurring financial income75€1€6▲
Financial charges65/66B€828€609▼
Recurring financial charges65€828€609▼
Profit (loss) for the period before taxes9903€-50k€-32k▲
Profit (loss) for the period9904€-50k€-32k▲
Profit (loss) for the period to be appropriated9905€-50k€-32k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-121k€-152k▼
Profit (loss) brought forward from the previous period14P€-71k€-121k▼
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Weakest financial yearnet €-50k
Net result drops to €-50k, the lowest in the series; recovery starts the following year.
22-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
2019
27-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 58 days late
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 29 days late
2017
11-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
08-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Bornem · 1 establishment unit since 1989
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.
Bovenstraat(BRA) 1522880 BornemGround area
1,995 m²
Building footprint
634 m²
Volume, LiDAR
2,796 m³
Parcel 12362G0511/00R003, Flanders · tallest building 12.5 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
ZATES
since 19892.043.776.835
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12362G0511/00R003 | Flanders | 1,994 m² | 1 · 634 m² | 12.5 m · 1 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.
Similar companies · same sector, comparable size
TAGALY
BE 0422.768.758
Middelkerke · Eq €296k
RYLE
BE 0844.083.211
Evere · Eq €296k
MAST
BE 0465.866.650
Izegem · Eq €297k
CARAMBOLE
BE 0431.108.382
Geel · Eq €295k
NIMA KNOKKE
BE 0788.940.491
Knokke-Heist · Eq €295k
Of 14,023 companies in sector 56301 we hold annual accounts for 4,893. 2,642 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded05-06-1989
Fiscal year end31-12
Activities, NACEBEL
55401
56301Cafés and bars
Sources
Crossroads Bank for EnterprisesNational Bank · 35 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.