Zebrah
ActiveSummary
Zebrah has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €171,606 and a net result of -€28,996. Equity is shrinking by ~9.9% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability2▼-98
Solvency100=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9,000 at 30 days acceptable
Liquidity short (current ratio 0.68 against 52.25 in 2023; short-term debt: 3.1% and cash: 1.9% of total assets), and 20.7% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
79.3%
Return on assets
-13.4%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-05-2025, 66 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
66 d early
2023
44 d early
2022
11 d early
2021
3 d early
2020
88 d early
2019
65 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 6 accounts on average 46 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€171,606▼ 14.5%
2023 · €200,602
Total assets
€216,499▼ 12.1%
2023 · €246,323
Net result
-€28,996
2023 · €116,176
Working capital
-€2,156
2023 · €241,314
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
Line20202021202220232024
Operating result-€13,518▼ 14.7%-€13,455▲ 0.5%-€12,974▲ 3.6%€157,251-€33,683
Net result-€13,548▼ 9.9%-€13,492▲ 0.4%-€13,027▲ 3.4%€116,176-€28,996
Equity€110,944▼ 10.9%€97,452▼ 12.2%€84,425▼ 13.4%€200,602▲ 138%€171,606▼ 14.5%
Total assets€112,039▼ 10.9%€98,547▼ 12.0%€88,896▼ 9.8%€246,323▲ 177%€216,499▼ 12.1%
Debt€1,095▼ 12.4%€1,095=€4,470▲ 308%€4,709▲ 5.3%€7,546▲ 60.2%
Working capital€14,794▼ 36.8%€6,252▼ 57.7%-€1,825€241,314-€2,156
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €33,683 after €157,251 in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €216,499
Fixed assets
€212,009 ▲ 70,570%
Current assets
€4,490 ▼ 98.2%
Equity and liabilities €216,499
Equity
€171,606 ▼ 14.5%
Provisions
€37,348 ▼ 8.9%
Debt
€7,546 ▲ 60.2%
Debt's share of the balance-sheet total rises from 1.9% to 3.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€4,892
Cash flow
-€205
Current ratio
0.68▼
2023 · 52.25
Debt to equity
0.04▲
2023 · 0.02
ROE
-16.9%▼
2023 · 57.9%
ROA
-13.4%▼
2023 · 47.2%
Interest coverage
-57.97
Debt ≤ 1 year
€6,646▲
2023 · €4,709
Income taxes
€0▼
2023 · €1
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,836 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a loss of 10% of the balance sheet or more
1.5%
went bankrupt
13%
stopped otherwise
84%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.0% 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 497,662 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% | 1.7% |
| 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 75% 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 5,836 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 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €164,050 | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,950 | €4,950 | €4,950 | - | €28,791 | - |
| Other operating charges640/8 | - | €1,958 | €1,571 | €3,613 | €1,650 | ▼ 54.3% |
| Gross operating margin9900 | -€6,621 | -€6,547 | -€6,454 | €160,864 | -€3,242 | ▼ 102% |
| Operating profit (loss)9901 | -€13,518 | -€13,455 | -€12,974 | €157,251 | -€33,683 | ▼ 121% |
| Financial income75/76B | - | €0 | - | €2 | €1,106 | ▲ 52,842% |
| Recurring financial income75 | - | €0 | - | €2 | €1,106 | ▲ 52,842% |
| Financial charges65/66B | - | €37 | €53 | €63 | €84 | ▲ 33.2% |
| Recurring financial charges65 | €30 | €37 | €53 | €63 | €84 | ▲ 33.2% |
| Profit (loss) for the period before taxes9903 | -€13,548 | -€13,492 | -€13,027 | €157,190 | -€32,661 | ▼ 121% |
| Transfer from deferred taxes780 | - | - | - | - | €3,665 | - |
| Transfer to deferred taxes680 | - | - | - | €41,013 | €0 | ▼ 100% |
| Income taxes67/77 | - | - | - | €1 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | -€13,548 | -€13,492 | -€13,027 | €116,176 | -€28,996 | ▼ 125% |
| Transfer from tax-exempt reserves789 | - | - | - | - | €10,995 | - |
| Transfer to tax-exempt reserves689 | - | - | - | €123,038 | €0 | ▼ 100% |
| Profit (loss) for the period to be appropriated9905 | -€13,548 | -€13,492 | -€13,027 | -€6,861 | -€18,001 | ▼ 162% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €112,039 | €98,547 | €88,896 | €246,323 | €216,499 | ▼ 12.1% |
| Fixed assets21/28 | €96,150 | €91,200 | €86,250 | €300 | €212,009 | ▲ 70,570% |
| Tangible fixed assets22/27 | €95,850 | €90,900 | €85,950 | - | €212,009 | - |
| Land and buildings22 | - | €90,900 | €85,950 | - | €212,009 | - |
| Financial fixed assets28 | €300 | €300 | €300 | €300 | €0 | ▼ 100% |
| Current assets29/58 | €15,889 | €7,347 | €2,646 | €246,023 | €4,490 | ▼ 98.2% |
| Amounts receivable within one year40/41 | €9,234 | €703 | - | €2,838 | €332 | ▼ 88.3% |
| Trade receivables40 | - | €703 | - | €2,838 | €0 | ▼ 100% |
| Other amounts receivable41 | - | - | - | - | €332 | - |
| Current investments50/53 | - | - | - | €175,000 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €6,442 | €6,428 | €2,646 | €68,184 | €4,158 | ▼ 93.9% |
| Deferred charges and accrued income490/1 | - | €216 | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €112,039 | €98,547 | €88,896 | €246,323 | €216,499 | ▼ 12.1% |
| Equity10/15 | €110,944 | €97,452 | €84,425 | €200,602 | €171,606 | ▼ 14.5% |
| Contributions10/11 | - | €12,416 | €12,416 | €12,416 | €12,416 | = |
| Reserves13 | €163,406 | €85,037 | €72,009 | €188,186 | €159,190 | ▼ 15.4% |
| Non-distributable reserves130/1 | - | €4,960 | - | - | - | - |
| Reserves not available under the articles1311 | - | €4,960 | - | - | - | - |
| Tax-exempt reserves132 | - | €25,398 | €25,398 | €148,435 | €137,440 | ▼ 7.4% |
| Distributable reserves133 | - | €54,679 | €46,612 | €39,751 | €21,750 | ▼ 45.3% |
| Profit (loss) carried forward14 | -€64,877 | - | - | - | - | - |
| Provisions and deferred taxes16 | - | - | - | €41,013 | €37,348 | ▼ 8.9% |
| Deferred taxes168 | - | - | - | €41,013 | €37,348 | ▼ 8.9% |
| Amounts payable17/49 | €1,095 | €1,095 | €4,470 | €4,709 | €7,546 | ▲ 60.2% |
| Amounts payable within one year42/48 | €1,095 | €1,095 | €4,470 | €4,709 | €6,646 | ▲ 41.1% |
| Trade debts44 | - | - | €176 | €214 | €401 | ▲ 87.3% |
| Suppliers440/4 | - | - | €176 | €214 | €401 | ▲ 87.3% |
| Taxes, remuneration and social security45 | - | €1,000 | - | - | - | - |
| Remuneration and social security454/9 | - | €1,000 | - | - | - | - |
| Other amounts payable47/48 | - | €95 | €4,295 | €4,495 | €6,245 | ▲ 38.9% |
| Accrued charges and deferred income492/3 | - | - | - | - | €900 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€13,548 | -€13,492 | -€13,027 | €116,176 | -€28,996 | ▼ 125% |
| + Depreciation and write-downs630 | €4,950 | €4,950 | €4,950 | - | €28,791 | - |
| Operating cash flow (approximation) | -€8,598 | -€8,542 | -€8,077 | €116,176 | -€205 | ▼ 100% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €85,950 | -€240,500 | ▼ 380% |
| Change in cash | - | -€14 | -€3,782 | €65,539 | -€64,027 | ▼ 198% |
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
2025
26-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet -€28,996
Net result drops to -€28,996, the lowest in the series.
17-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €116,176
Net result €116,176 after 5 loss-making years.
31-12
Financial
Liquidity times 88current ratio 52.25
Current ratio from 0.59 to 52.25.
31-12
Financial
Equity above €200,000Eq €200,602 ▲138%
Equity rises from €84,425 to €200,602.
20-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
04-05
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
27-05
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Liquidity triplescurrent ratio 19.73
Current ratio from 5.82 to 19.73; short-term debt falls from €6,442 to €1,249.
12-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
Show earlier events
2018
09-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
06-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
26-07
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.
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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Directors · office · real estate
Directors
4 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, Mechelen · 1 establishment unit since 1990
Ground area
634 m²
Building footprint
231 m²
Volume, LiDAR
1,551 m³
Parcel 12404F0060/00C004, Flanders · tallest building 8.5 m, ±2 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
Olivetenvest 46, 2800 Mechelen
since 19902.047.653.172
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12404F0060/00C004 | Flanders | 634 m² | 1 · 231 m² | 8.5 m · 2 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.
Identification & contact
Identification
Legal formPrivate limited company
Founded09-02-1990
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:0440033867
Also
9925:BE0440033867
Registered
15-12-2025
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.