ZAURAK
ActiveSummary
ZAURAK has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€19,281) and a net result of -€39,450. Equity is shrinking by ~31.4% per year across the filed fiscal years. Its solvency ranks better than 14% of 9341 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability30▲+5
Solvency22▼-6
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.33 against 0.12 in 2024; short-term debt: 7.4% and cash: 2.2% of total assets), and equity is negative.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer 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
-3.4%
Return on assets
-6.9%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€19,281
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 03-08-2026, 3 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
3 d late
2024
60 d late
2023
26 d late
2022
28 d late
2021
37 d late
2020
54 d late
2019
170 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 5 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
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. Usually files around 28 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check Which other companies belong to the same group?ODONTOLIA GROUP · 12 companies How does this company compare with its sector?Sector benchmark
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€39,450▲ 20.3%
2024 · -€49,500
Working capital
-€28,348▲ 87.4%
2024 · -€225,465
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€3,700▲ 92.6%-€16,824▼ 355%-€21,405▼ 27.2%-€28,959▼ 35.3%-€21,082▲ 27.2%
Net result-€14,539within the sector's middle half▲ 76.6%-€26,517below the sector's middle half▼ 82.4%-€41,851below the sector's middle half▼ 57.8%-€49,500below the sector's middle half▼ 18.3%-€39,450below the sector's middle half▲ 20.3%
Equity€138,036within the sector's middle half▼ 9.5%€111,519within the sector's middle half▼ 19.2%€69,668within the sector's middle half▼ 37.5%€20,168below the sector's middle half▼ 71.1%-€19,281below the sector's middle half
Total assets€795,303within the sector's middle half▼ 2.9%€719,285within the sector's middle half▼ 9.6%€717,844below the sector's middle half▼ 0.2%€655,028below the sector's middle half▼ 8.8%€573,602within the sector's middle half▼ 12.4%
Debt€657,267▼ 1.4%€607,766▼ 7.5%€648,176▲ 6.6%€634,860▼ 2.1%€592,883▼ 6.6%
Working capital-€112,745within the sector's middle half▼ 3.8%-€125,566within the sector's middle half▼ 11.4%-€203,181below the sector's middle half▼ 61.8%-€225,465below the sector's middle half▼ 11.0%-€28,348within the sector's middle half▲ 87.4%
Solvency17.4%within the sector's middle half▼ 1.3pp15.5%within the sector's middle half▼ 1.9pp9.7%within the sector's middle half▼ 5.8pp3.1%below the sector's middle half▼ 6.6pp-3.4%below the sector's middle half▼ 6.4pp
Current ratio0.27below the sector's middle half▲ 0.140.16below the sector's middle half▼ 0.110.11below the sector's middle half▼ 0.060.12below the sector's middle half▲ 0.010.33below the sector's middle half▲ 0.21
Return on assets (ROA)-1.8%below the sector's middle half▲ 5.8pp-3.7%below the sector's middle half▼ 1.9pp-5.8%below the sector's middle half▼ 2.1pp-7.6%below the sector's middle half▼ 1.7pp-6.9%below the sector's middle half▲ 0.7pp
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €21,082 in 2025 against €28,959 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €573,602
Fixed assets
€559,668 ▼ 10.4%
Current assets
€13,934 ▼ 54.6%
Key figures and ratios
EBITDA
€44,585▲
2024 · €39,787
Cash flow
€26,217▲
2024 · €19,246
Debt to equity
-30.75▼
2024 · 31.48
Interest coverage
2.43▲
2024 · 1.94
Debt ≤ 1 year
€42,282▼
2024 · €256,148
Debt > 1 year
€550,601▲
2024 · €378,712
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,241 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 93% are still going.
- Small
- 20 years or older
- negative equity
- a small loss
1.8%
went bankrupt
4.0%
stopped otherwise
93%
still going
A further 1.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% over twelve months; the group does not contradict it.
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%.
| 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 1,241 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €1,490 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €58,961 | €59,042 | €65,501 | €68,746 | €65,667 | ▼ 4.5% |
| Other operating charges640/8 | €5,281 | €5,392 | €5,909 | €6,274 | €6,342 | ▲ 1.1% |
| Non-recurring operating charges66A | €283 | - | - | - | - | - |
| Gross operating margin9900 | €60,825 | €47,610 | €50,005 | €46,061 | €50,927 | ▲ 10.6% |
| Operating profit (loss)9901 | -€3,700 | -€16,824 | -€21,405 | -€28,959 | -€21,082 | ▲ 27.2% |
| Financial charges65/66B | €10,839 | €9,693 | €20,446 | €20,541 | €18,368 | ▼ 10.6% |
| Recurring financial charges65 | €10,839 | €9,693 | €20,446 | €20,541 | €18,368 | ▼ 10.6% |
| Profit (loss) for the period before taxes9903 | -€14,539 | -€26,517 | -€41,851 | -€49,500 | -€39,450 | ▲ 20.3% |
| Profit (loss) for the period9904 | -€14,539 | -€26,517 | -€41,851 | -€49,500 | -€39,450 | ▲ 20.3% |
| Profit (loss) for the period to be appropriated9905 | -€14,539 | -€26,517 | -€41,851 | -€49,500 | -€39,450 | ▲ 20.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €795,303 | €719,285 | €717,844 | €655,028 | €573,602 | ▼ 12.4% |
| Fixed assets21/28 | €753,742 | €694,699 | €693,091 | €624,345 | €559,668 | ▼ 10.4% |
| Tangible fixed assets22/27 | €752,492 | €693,449 | €691,841 | €623,095 | €558,418 | ▼ 10.4% |
| Land and buildings22 | €559,835 | €527,346 | €494,858 | €462,370 | €429,882 | ▼ 7.0% |
| Plant, machinery and equipment23 | €170,278 | €150,124 | €159,499 | €136,270 | €113,893 | ▼ 16.4% |
| Furniture and vehicles24 | - | - | €27,903 | €21,273 | €14,643 | ▼ 31.2% |
| Leasing and similar rights25 | €22,378 | €15,979 | €9,581 | €3,182 | €0 | ▼ 100% |
| Financial fixed assets28 | €1,250 | €1,250 | €1,250 | €1,250 | €1,250 | = |
| Current assets29/58 | €41,561 | €24,586 | €24,753 | €30,683 | €13,934 | ▼ 54.6% |
| Amounts receivable within one year40/41 | €35,737 | €13,840 | €24,138 | €6,336 | €1,103 | ▼ 82.6% |
| Trade receivables40 | €23,891 | €13,840 | €11,513 | €6,336 | €1,103 | ▼ 82.6% |
| Other amounts receivable41 | €11,845 | - | €12,625 | - | - | - |
| Cash at bank and in hand54/58 | €5,825 | €10,527 | €375 | €23,563 | €12,613 | ▼ 46.5% |
| Deferred charges and accrued income490/1 | - | €219 | €240 | €784 | €218 | ▼ 72.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €795,303 | €719,285 | €717,844 | €655,028 | €573,602 | ▼ 12.4% |
| Equity10/15 | €138,036 | €111,519 | €69,668 | €20,168 | -€19,281 | ▼ 196% |
| Contributions10/11 | €100,000 | €100,000 | €100,000 | €100,000 | €100,000 | = |
| Reserves13 | €10,000 | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Non-distributable reserves130/1 | €10,000 | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Reserves not available under the articles1311 | €10,000 | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Profit (loss) carried forward14 | €28,036 | €1,519 | -€40,332 | -€89,832 | -€129,281 | ▼ 43.9% |
| Amounts payable17/49 | €657,267 | €607,766 | €648,176 | €634,860 | €592,883 | ▼ 6.6% |
| Amounts payable after more than one year17 | €502,961 | €457,614 | €416,805 | €378,712 | €550,601 | ▲ 45.4% |
| Financial debts170/4 | €497,595 | €457,614 | €416,805 | €378,712 | €343,531 | ▼ 9.3% |
| Other amounts payable178/9 | €5,366 | - | - | - | €207,070 | - |
| Amounts payable within one year42/48 | €154,306 | €150,152 | €227,934 | €256,148 | €42,282 | ▼ 83.5% |
| Current portion of amounts payable after more than one year42 | €39,172 | €39,981 | €40,809 | €38,093 | €35,181 | ▼ 7.6% |
| Trade debts44 | €10,445 | - | €12,832 | €22,441 | €7,101 | ▼ 68.4% |
| Suppliers440/4 | €10,445 | - | €12,832 | €22,441 | €7,101 | ▼ 68.4% |
| Other amounts payable47/48 | €104,689 | €110,171 | €174,293 | €195,614 | - | - |
| Accrued charges and deferred income492/3 | - | - | €3,437 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€14,539 | -€26,517 | -€41,851 | -€49,500 | -€39,450 | ▲ 20.3% |
| + Depreciation and write-downs630 | €58,961 | €59,042 | €65,501 | €68,746 | €65,667 | ▼ 4.5% |
| Operating cash flow (approximation) | €44,422 | €32,525 | €23,650 | €19,246 | €26,217 | ▲ 36.2% |
| Investment in fixed assets (approximation) | - | €1 | -€63,893 | €0 | -€990 | - |
| Change in cash | - | €4,703 | -€10,152 | €23,188 | -€10,950 | ▼ 147% |
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
03-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 3 days late
2025
29-09
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 60 days late
2024
26-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 26 days late
2023
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 28 days late
2022
06-09
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 37 days late
2021
23-09
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 54 days late
2020
31-12
Financial
Weakest financial yearnet -€62,126
Net result drops to -€62,126, the lowest in the series; recovery starts the following year.
12-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
17-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
09-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 9 days late
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.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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, Gembloux · 1 establishment unit since 2006
Ground area
382 m²
Building footprint
266 m²
Volume, LiDAR
2,201 m³
Parcel 92065B0056/00X002, Wallonia · tallest building 11.0 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Rue Camille Hubert,Isnes 1, 5032 Gembloux
since 20062.276.547.339
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92065B0056/00X002 | Wallonia | 382 m² | 1 · 266 m² | 11.0 m · 3 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
Part of the group
ODONTOLIA GROUP
12 companies
Group, risk and exposure
Owners and holdings
1 ownerChain of control
- ODONTOLIA GROUP
- ODONTOLIA IMMO
- ZAURAK
Highest known parent: ODONTOLIA GROUP. The sources do not say who stands above it.
Owners 1
-
100%
Holdings 0
The accounts to 31-12-2023 list no holdings, and no other source names one.
According to the 2023 annual accounts of ZAURAK and those 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.
Similar companies · same sector, comparable size
HUNINGTON & MILLS
BE 0546.700.710
Wavre · Eq €20,156
GREENPOL
BE 1020.677.352
Ukkel · Eq €20,151
CYRMAX RESIDENCE
BE 0543.895.529
Anderlecht · Eq €20,150
DD Concept
BE 0682.959.281
Waterloo · Eq €20,227
AMR INVEST & CONSULT
BE 0704.677.482
Chaumont-Gistoux · Eq €20,109
Of 7,326 companies in sector 68110 we hold annual accounts for 5,390. 2,494 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
Founded20-02-2006
Fiscal year end31-12
Activities, NACEBEL 2025
68110Buying and selling of own real estate
68201Renting and operating of own or leased residential real estate, excluding social housing
E-invoicing
Reachable via Peppol
Peppol ID
0208:0879480588
Also
9925:BE0879480588
Registered
20-11-2020
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.