Turnover
≈ €150,000 estimated
The micro format states no turnover.
ZBG
Lifetime
2 annual accounts with figures on one time axispeak €35,254 (2024)
€13,094▼ 62.9%
lowest -€703 (2025)
-€703▼ €9,767
peak €10,064 (2024)
€9,361▼ 7.0%
€25,974▲ 194%
Board1 name since 2023
1 directorBÜYÜKGÜLER Muzaffer
Documentsfilings and deeds
30-09-202661 days late
2025micro format
Gross margin from €35,254 to €13,094Loss of €703Debts from €8,833 to €25,974Cash from €4,247 to €5,615
Key points
from the 2025 annual accountsDebts
€25,974 74% of the balance sheet
Suppliers 59%Taxes and wages 25%Other 15%
Of this, €21,974 falls due within a year.
Starting capital
€1,000 100 shares
2025 accounts filed 61 days after the deadline
Checked score
38
Weak
Financially stronger than 36% of micro companies in food and beverage service (NACE 56)
Probability in this band: 4.2% to 15.0%
Bankruptcy probability within 12 months
4.5% Elevated
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.8% across 23,788 companies (NACE 56, micro).
About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 4.9%
01-2025: 5.3%▲ +0.4 percentage points vs 12-2024
02-2025: 5.3%● unchanged vs 01-2025
03-2025: 5.2%▼ -0.1 percentage points vs 02-2025
04-2025: 5.1%▼ -0.1 percentage points vs 03-2025
05-2025: 5.5%▲ +0.4 percentage points vs 04-2025
06-2025: 5.6%▲ +0.1 percentage points vs 05-2025
07-2025: 5.6%● unchanged vs 06-2025highest value
08-2025: 5.6%● unchanged vs 07-2025highest value
09-2025: 5.6%● unchanged vs 08-2025highest value
10-2025: 2.6%▼ -3.0 percentage points vs 09-2025
11-2025: 2.6%● unchanged vs 10-2025
12-2025: 2.6%● unchanged vs 11-2025
01-2026: 2.6%● unchanged vs 12-2025
02-2026: 2.6%● unchanged vs 01-2026lowest value
03-2026: 2.6%● unchanged vs 02-2026
04-2026: 2.7%▲ +0.1 percentage points vs 03-2026
05-2026: 2.7%● unchanged vs 04-2026
06-2026: 2.6%▼ -0.1 percentage points vs 05-2026
07-2026: 2.7%▲ +0.1 percentage points vs 06-2026
08-2026: 3.4%▲ +0.7 percentage points vs 07-2026
09-2026: 3.8%▲ +0.4 percentage points vs 08-2026
10-2026: 4.5%▲ +0.7 percentage points vs 09-2026
11-2026: 4.5%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Sector: Food and beverage service activities (NACE 56)
Founded in 2023
Last filed accounts filed 61 days late; 2 of the last 3 accounts late
Size: total assets €35,335
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 56, micro). It does better than 47% of them on solvency, 32% on liquidity, 30% on profitability and 33% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the elevated class on 30-06-2025, 6.3% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 1,271 companies had the same profile as ZBG has now. Each dot stands for 4 companies, two years later.
93.4%
were still trading
2.0%
stopped another way
4.1%
went bankrupt
Another 0.5% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of ZBG itself: 4.5% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,271 companies, not a prediction for ZBG. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
No publishable credit limit, so credit only on tighter terms
Liquidity is ample, with a current ratio of 1.5 (1.78 in 2024), above the usual 1.5. Short-term debt is 62.2% and cash 15.9% of total assets. However, 73.5% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
raises risk
raises risk · 2025 accounts filed 61 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-09-2026, 61 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 2 filingsDeviation from the deadline
2025
61 days late
2024
61 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 2 accounts on average 61 days after the deadline. In the sector (NACE 56), the median for financial year 2024 was 7 days after the deadline, and 53% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0802488423
Incorporation
Founding capital of €1,000, 100 shares · Founder: BÜYÜKGÜLER Muzaffer · Appointment: BÜYÜKGÜLER Muzaffer (director) · published on 09-06-2023 · Gazette deed
First establishment
GRILL HOUSE, Christinastraat 18, Ostend
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| ZBG Ostend | - | - | 26.5% | - |
| SAJ LIBAN Ternat | - | - | 29.3% | - |
| AIKO Beersel | - | - | 51.9% | - |
| HONG GIANG Brussels | €168,150 | 8.9% | 71.8% | - |
| ANI COMPANY Sint-Gillis (bij-Brussel) | - | - | 30.5% | - |
| SEMATI Charleroi | €162,926 | 3.3% | 76.7% | - |
| KATALEYA Sint-Pieters-Leeuw | - | - | 22.7% | - |
These companies have the same main activity as ZBG: limited-service restaurants, excluding mobile food services (NACE 56112). They are comparable in size and age: total assets between €32,300 and €41,400, founded between 2022 and 2023.
Official details
Source: KBO- Status
- Active since 07-06-2023Normal situation
- Registered office
- 10 active companies are registered at this addressSource: KBO register, as of 10 November 2026.
- Activity
- Limited-service restaurants, excluding mobile food servicesNACE 56112
- Establishment unit
- 2.346.635.3818400 Ostend, since 07-06-2023
- Financial year end
- 31 December
- Peppol
- Reachable since 23-01-2026
Insights on ZBG
The computed 12-month bankruptcy probability of ZBG is 4.5% (elevated). The 2025 annual accounts show equity of €9,361 and a net result of -€703.
Its solvency ranks better than 47% of 17,158 sector peers (NACE 56, financial year 2025). The company has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about ZBG
- What is the company number of ZBG?
- The company number of ZBG is 0802.488.423. The VAT number is the same number with BE in front: BE 0802.488.423.
- Where is ZBG based?
- The registered office is at Christinastraat 18 D, 8400 Ostend.Company details
- What does ZBG do?
- According to the KBO register, the main activity is limited-service restaurants, excluding mobile food services (NACE 56112).
- What is the legal form of ZBG?
- ZBG is a private limited company (BV).
- When was ZBG founded?
- ZBG was founded on 07-06-2023.
- Is ZBG still active?
- Yes, ZBG is an active enterprise in the KBO register.
- How many employees does ZBG have?
- ZBG had an average of 0.8 full-time equivalents in financial year 2024, according to the filed annual accounts.Financials
- What is the turnover of ZBG?
- The turnover in financial year 2025 is ≈ €150,000. This figure is estimated from the gross margin of €13,094 and 133 comparable companies (NACE 56112). It probably lies between €91,000 and €250,000. It is a rough estimate.
- Is ZBG profitable?
- In financial year 2025, ZBG made a loss of €703.
- Where can I find the annual accounts of ZBG?
- ZBG filed 2 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of ZBG due?
- ZBG must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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