ZAZA FAIK

Active

Private limited company (pre-2019)founded 20179 yrs activeRue F. Nicolay 14, 4102 Seraing, BelgiumKBO/BCE: BE 0670.962.262

The computed 12-month bankruptcy probability of ZAZA FAIK is 1.8% (moderate). The annual accounts of ZAZA FAIK for fiscal year 2024 show a net loss of 119% of the equity at the start of that year. The 2024 annual accounts show equity of €4k and a net result of €-51k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 24% of 26053 sector peers (fiscal year 2024). The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

29 / 100

Weak

The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability0▼-9

Solvency27▼-24

Growth68=

Track record100

Bankruptcy probability, 12 months

1.8% Moderate

0%0.5%1.5%4%10%≥ 25%

No publishable credit limit; credit only on tighter terms

Net loss of at least half of total assets or of the equity at the start of the financial year.

Liquidity short (current ratio 0.77 against 1.05 in 2023; short-term debt: 89.5% and cash: 24.3% of total assets), and 98% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Eight signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 47

Relative position

BE, all sectors

reference

Sector 47

higher

← fewer bankruptcies more bankruptcies →

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 2024

Solvency, return and age of the figures

Solvency

Return on assets

-23.5%

Age of the figures

20 mo

Multiple establishment units

Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.

KBO · establishment units

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Persistent losses

Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.

NBB · annual accounts 2024

Net result per financial year

182021222324

2018 to 2024 · latest year €-51k

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 26053 sector peers (2024).

NBB · sector comparison

Position among 26053 sector peers

Solvency

better than 24%

← weakest strongest →

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 02-10-2025, 63 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 · 7 filings

Deviation from the deadline

2025

not confirmed

2024

63 d late

2023

30 d late

2022

119 d late

2021

31 d early

2020

151 d late

2018

29 d late

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Turnover

€164k▲ 46.5%

2018 · €112k

2018: €112k

2018 → 2020

EBIT margin

15.1%▲ 12.5pp

2018 · 2.6%

2018: 2.6%

2018 → 2020

Net result

€-51k▼ 187%

2023 · €-18k

2018: €-42 2020: €18k 2021: €14k 2022: €43k 2023: €-18k

2018 → 2024

Working capital

€-44k

2023 · €5k

2018: €-21k 2020: €-7k 2021: €13k 2022: €50k 2023: €5k

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Turnover€164k-

Equity€4k-€18k▲ 349%€60k▲ 240%€43k▼ 29.3%€4k▼ 89.9%

Operating result€25k-€23k▼ 6.9%€51k▲ 121%€-13k€-47k▼ 269%

Net result€18k-€14k▼ 22.0%€43k▲ 209%€-18k€-51k▼ 187%

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 €47k in 2024 against €13k in 2023; the loss grows and 2024 has the lowest result in the available series.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €216k

30.7%

69.3%

Fixed assets €66k▼ 2.8%

Current assets €150k▲ 54.2%

Equity and liabilities €216k

98.0%

Equity €4k▼ 89.9%

Debt €212k▲ 72.7%

The debt ratio rises from 74.1% to 98.0%. Equity is lower and debt is higher.

Key figures and ratios

2024 value · change against 2023

EBITDA

€-23k▼

2023 · €2k

Cash flow

€-26k▼

2023 · €-3k

Solvency

2.0%▼

2023 · 25.9%

Current ratio

0.77▼

2023 · 1.05

Quick ratio

0.72▼

2023 · 1.00

Debt / equity

49.09▲

2023 · 2.87

ROA

-23.5%▼

2023 · -10.7%

Interest coverage

-6.55▼

2023 · 0.49

Debt

€212k▲

2023 · €123k

Debt ≤ 1 year

€193k▲

2023 · €93k

Debt > 1 year

€18k▼

2023 · €30k

Income taxes

€226▼

2023 · €238

Staff costs

€42k▼

2023 · €44k

A ratio outside any meaningful range has been withheld (balance sheet total €216k, equity €4k).

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€165k€216k▲

Fixed assets21/28€68k€66k▼

Tangible fixed assets22/27€68k€66k▼

Plant, machinery and equipment23€22k€32k▲

Furniture and vehicles24€46k€34k▼

Financial fixed assets28€185€185=

Current assets29/58€97k€150k▲

Stocks and contracts in progress3€5k€11k▲

Stocks30/36€5k€11k▲

Amounts receivable within one year40/41€66k€87k▲

Trade receivables40€65k€75k▲

Other amounts receivable41€2k€12k▲

Cash at bank and in hand54/58€25k€52k▲

Deferred charges and accrued income490/1€771-

Equity and liabilities

Total equity and liabilities10/49€165k€216k▲

Equity10/15€43k€4k▼

Contributions10/11€6k€19k▲

Profit (loss) carried forward14€37k€-14k▼

Amounts payable17/49€123k€212k▲

Amounts payable after more than one year17€30k€18k▼

Financial debts170/4€30k€18k▼

Amounts payable within one year42/48€93k€193k▲

Current portion of amounts payable after more than one year42€11k€12k▲

Trade debts44€62k€148k▲

Suppliers440/4€62k€148k▲

Taxes, remuneration and social security45€19k€34k▲

Taxes450/3€19k€31k▲

Remuneration and social security454/9€142€3k▲

Income statement Code20232024

Remuneration, social security and pensions62€44k€42k▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15k€24k▲

Other operating charges640/8€15k€27k▲

Gross operating margin9900€62k€46k▼

Operating profit (loss)9901€-13k€-47k▼

Financial income75/76B€0€1▲

Recurring financial income75€0€1▲

Financial charges65/66B€5k€3k▼

Recurring financial charges65€5k€3k▼

Profit (loss) for the period before taxes9903€-17k€-51k▼

Income taxes67/77€238€226▼

Profit (loss) for the period9904€-18k€-51k▼

Profit (loss) for the period to be appropriated9905€-18k€-51k▼

Appropriation of the result

Profit (loss) to be appropriated9906€37k€-14k▼

Profit (loss) brought forward from the previous period14P€54k€37k▼

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 12Financial 5Filings 7

2025

02-10

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 63 days late

2024

31-12

Financial Weakest financial yearnet €-51k

Net result drops to €-51k, the lowest in the series.

30-08

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 30 days late

2023

27-11

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 119 days late

2022

31-12

Financial Highest result since 2018net €43k ▲209%

Operating result €51k, net result €43k, both a record.

31-12

Financial Liquidity doublescurrent ratio 3.16

Current ratio from 1.52 to 3.16; short-term debt falls from €25k to €23k.

30-06

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

2021

31-12

Financial Liquidity doublescurrent ratio 1.52

Current ratio from 0.74 to 1.52; short-term debt falls from €27k to €25k.

29-12

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 151 days late

2020

31-12

Financial Back to profitnet €18k

Net result €18k after one loss-making year.

2019

29-08

NBB filing Annual accounts filed

fiscal year 2018 · micro schema · 29 days late

2018

13-08

NBB filing Annual accounts filed

fiscal year 2017 · micro schema · 13 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

0 of 4 acts read

About the unread acts

We know of 4 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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