ZAYED INDIGO
ActiveSummary
ZAYED INDIGO has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €74,024 and a net result of -€9,234. Equity is growing by ~13.4% per year across the filed fiscal years. Its solvency ranks better than 38% of 790 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability27▼-15
Solvency58=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,000 at 30 days acceptable
Liquidity ample (current ratio 1.6 against 1.55 in 2024; short-term debt: 62.3% and cash: 41.3% of total assets), but 67.4% of the assets are financed with debt.
Credit check for your own amount and term
Open the credit simulator : see how the verdict changes with amount, term and advance.
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
32.6%
Return on assets
-4.1%
Age of the figures
18 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 78
Relative position
BE, all sectors
reference
Employment activities (NACE 78)
about 17% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 24-11-2025, 24 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 7 filingsDeviation from the deadline
2025
24 d late
2024
107 d early
2023
125 d early
2022
38 d early
2020
109 d early
2019
18 d late
2018
12 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 50 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 30% of the sector filed late.
Checked, nothing found (2)
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 close27-09-2026 today31-10-2026 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator 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 How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
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, micro schema
Equity
€74,024▼ 11.1%
2024 · €83,258
Total assets
€227,284▼ 9.7%
2024 · €251,634
Net result
-€9,234
2024 · €4,896
Working capital
€85,593▼ 4.7%
2024 · €89,782
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
Line20202022202320242025
Operating result€21,026▼ 35.7%€9,925-€2,208▼ 77.8%€22,428▲ 916%-€4,495
Net result€13,026▼ 36.2%€6,560--€1,117€4,896-€9,234
Equity€47,816▲ 37.4%€79,479-€78,362▼ 1.4%€83,258▲ 6.2%€74,024▼ 11.1%
Total assets€154,154▲ 28.6%€169,381-€197,667▲ 16.7%€251,634▲ 27.3%€227,284▼ 9.7%
Debt€106,338▲ 24.9%€89,902-€119,305▲ 32.7%€168,376▲ 41.1%€153,260▼ 9.0%
Working capital€46,963▲ 42.9%€79,479-€81,597▲ 2.7%€89,782▲ 10.0%€85,593▼ 4.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €4,495 after €22,428 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €227,284
Equity
€74,024 ▼ 11.1%
Debt
€153,260 ▼ 9.0%
Debt's share of the balance-sheet total rises from 66.9% to 67.4%. Equity and debt are lower.
Key figures and ratios
Current ratio
1.60▲
2024 · 1.55
Quick ratio
1.09▼
2024 · 1.11
Debt to equity
2.07▲
2024 · 2.02
ROE
-12.5%▼
2024 · 5.9%
ROA
-4.1%▼
2024 · 1.9%
Debt ≤ 1 year
€141,691▼
2024 · €161,852
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,916 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 91% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a small loss
1.1%
went bankrupt
7.8%
stopped otherwise
91%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 6,916 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 | 2020 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,068 | - | - | - | - | - |
| Other operating charges640/8 | - | €21,590 | €583 | €516 | €650 | ▲ 26.0% |
| Gross operating margin9900 | €22,766 | €31,515 | €2,791 | €22,944 | -€3,845 | ▼ 117% |
| Operating profit (loss)9901 | €21,026 | €9,925 | €2,208 | €22,428 | -€4,495 | ▼ 120% |
| Financial income75/76B | - | - | - | €343 | €380 | ▲ 10.8% |
| Recurring financial income75 | €12 | - | - | €343 | €380 | ▲ 10.8% |
| Financial charges65/66B | - | €85 | €3,325 | €12,431 | €5,119 | ▼ 58.8% |
| Recurring financial charges65 | €124 | €85 | €3,325 | €3,371 | €5,119 | ▲ 51.9% |
| Non-recurring financial charges66B | - | - | - | €9,060 | - | - |
| Profit (loss) for the period before taxes9903 | €20,914 | €9,840 | -€1,117 | €10,340 | -€9,234 | ▼ 189% |
| Income taxes67/77 | €7,888 | €3,280 | - | €5,444 | - | - |
| Profit (loss) for the period9904 | €13,026 | €6,560 | -€1,117 | €4,896 | -€9,234 | ▼ 289% |
| Profit (loss) for the period to be appropriated9905 | €13,026 | €6,560 | -€1,117 | €4,896 | -€9,234 | ▼ 289% |
| Line | 2020 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €154,154 | €169,381 | €197,667 | €251,634 | €227,284 | ▼ 9.7% |
| Fixed assets21/28 | €853 | - | - | - | - | - |
| Tangible fixed assets22/27 | €853 | €0 | - | - | - | - |
| Current assets29/58 | €153,301 | €169,381 | €197,667 | €251,634 | €227,284 | ▼ 9.7% |
| Stocks and contracts in progress3 | - | - | - | €72,500 | €72,500 | = |
| Contracts in progress37 | - | - | - | €72,500 | €72,500 | = |
| Amounts receivable within one year40/41 | €17,610 | €46,517 | €47,092 | €45,984 | €60,944 | ▲ 32.5% |
| Trade receivables40 | - | €45,984 | €45,984 | €45,984 | €60,944 | ▲ 32.5% |
| Other amounts receivable41 | - | €533 | €1,108 | - | - | - |
| Current investments50/53 | €9,060 | €9,060 | €9,060 | - | - | - |
| Cash at bank and in hand54/58 | €126,631 | €113,804 | €141,515 | €133,150 | €93,840 | ▼ 29.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €154,154 | €169,381 | €197,667 | €251,634 | €227,284 | ▼ 9.7% |
| Equity10/15 | €47,816 | €79,479 | €78,362 | €83,258 | €74,024 | ▼ 11.1% |
| Contributions10/11 | €12,400 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | - | €18,600 | €18,600 | €18,600 | - | - |
| Issued capital100 | - | €18,600 | €18,600 | €18,600 | - | - |
| Reserves13 | €35,416 | €60,879 | €60,879 | €65,775 | €65,775 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Legal reserve130 | - | €1,860 | €1,860 | €1,860 | - | - |
| Reserves not available under the articles1311 | - | - | - | - | €1,860 | - |
| Distributable reserves133 | - | €59,019 | €59,019 | €63,915 | €63,915 | = |
| Profit (loss) carried forward14 | - | - | -€1,117 | -€1,117 | -€10,351 | ▼ 827% |
| Amounts payable17/49 | €106,338 | €89,902 | €119,305 | €168,376 | €153,260 | ▼ 9.0% |
| Amounts payable within one year42/48 | €106,338 | €89,902 | €116,070 | €161,852 | €141,691 | ▼ 12.5% |
| Trade debts44 | €44,704 | €376 | €22,356 | €77,702 | €84,001 | ▲ 8.1% |
| Suppliers440/4 | - | €376 | €22,356 | €77,702 | €84,001 | ▲ 8.1% |
| Taxes, remuneration and social security45 | - | €8,771 | €5,489 | €10,753 | €5,262 | ▼ 51.1% |
| Taxes450/3 | - | €8,771 | €5,489 | €10,753 | €5,262 | ▼ 51.1% |
| Other amounts payable47/48 | - | €80,755 | €88,225 | €73,397 | €52,428 | ▼ 28.6% |
| Accrued charges and deferred income492/3 | - | - | €3,235 | €6,524 | €11,569 | ▲ 77.3% |
| Line | 2020 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €13,026 | €6,560 | -€1,117 | €4,896 | -€9,234 | ▼ 289% |
| + Depreciation and write-downs630 | €1,068 | - | - | - | - | - |
| Operating cash flow (approximation) | €14,094 | €6,560 | -€1,117 | €4,896 | -€9,234 | ▼ 289% |
| Change in cash | - | - | €27,711 | -€8,365 | -€39,310 | ▼ 370% |
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
2025
24-11
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 24 days late
31-03
Financial
Weakest financial yearnet -€9,234
Net result drops to -€9,234, the lowest in the series.
2024
16-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
31-03
Financial
Back to profitnet €4,896
Net result €4,896 after one loss-making year.
2023
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
23-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2020
14-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2019
18-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 18 days late
2018
19-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Gent · 1 establishment unit since 2016
Ground area
3,288 m²
Building footprint
1,220 m²
Volume, LiDAR
4,403 m³
2 parcels, Flanders · tallest building 5.4 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Schuurstraat 74, 9040 Gent
since 20162.254.629.990
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44022A0324/00Z002 | Flanders | 1,778 m² | 1 · 372 m² | 5.0 m · 1 fl. |
| 44432C0128/00H005 | Flanders | 1,510 m² | 1 · 848 m² | 5.4 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels 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
HR SPECIALIST
BE 0774.775.226
Oudergem · Eq €73,981
NRP Consultancy
BE 1021.790.377
Antwerpen · Eq €74,106
Melioris
BE 0785.908.351
Kampenhout · Eq €74,427
SPARK ADVIES
BE 0460.555.406
Bilzen-Hoeselt · Eq €74,489
HESTIA RECRUTEMENT
BE 1019.226.015
Quaregnon · Eq €73,522
Of 2,360 companies in sector 78100 we hold annual accounts for 1,364. 1,081 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 (pre-2019)
Founded05-07-2016
Fiscal year end31-03
Activities, NACEBEL 2025
78100Employment placement agencies
E-invoicing
Reachable via Peppol
Peppol ID
0208:0658713043
Registered
27-03-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.