ZEM GROUPE

Active

Private limited companyfounded 201610 yrs activeGosseliesstraat 27, 1080 Sint-Jans-Molenbeek, BelgiumKBO/BCE: BE 0651.790.708

The computed 12-month bankruptcy probability of ZEM GROUPE is 1.6% (moderate). The 2024 annual accounts show equity of €79k and a net result of €21k. Equity is growing by ~38.9% per year across the filed fiscal years. Its solvency ranks better than 46% of 26043 sector peers (fiscal year 2024). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

49 / 100

Fair

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

Axes · tick = 2023

Profitability56▼-5

Solvency53▲+1

Growth52=

Track record100

Bankruptcy probability, 12 months

1.6% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €3.5k at 30 days acceptable

Liquidity tight (current ratio 1.39 against 1.37 in 2023; short-term debt: 71.8% and cash: 5.6% of total assets), and 71.8% 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

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

+raises risk○neutral

Higher-failure-rate region

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

KBO · registered office

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

28.2%

Return on assets

7.5%

Age of the figures

21 mo

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 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 · 9 filings

Deviation from the deadline

2025

not confirmed

2024

29 d late

2023

2 d late

2022

92 d late

2021

61 d late

2020

2 d early

2019

89 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

Not included in this filing

EBIT margin

Not included in this filing

Net result

€21k▲ 3.3%

2023 · €20k

2018: €34k 2019: €-22k 2020: €39k 2021: €27k 2022: €4k 2023: €20k

2018 → 2024

Working capital

€79k▲ 36.3%

2023 · €58k

2018: €-4k 2019: €-27k 2020: €12k 2021: €39k 2022: €44k 2023: €58k

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€12k-€39k▲ 227%€44k▲ 11.4%€58k▲ 32.2%€79k▲ 36.3%

Operating result€39k-€24k▼ 38.9%€-5k€20k€21k▲ 3.2%

Net result€39k-€27k▼ 29.4%€4k▼ 83.7%€20k▲ 355%€21k▲ 3.3%

Result per fiscal year

Operating resultNet result

After the dip in 2022 the operating result has climbed two years in a row; 2024 is 3% above 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Equity and liabilities €278k

28.2%

71.8%

Equity €79k▲ 36.3%

Provisions €5=

Debt €200k▲ 29.0%

The debt ratio falls from 72.9% to 71.8%. Equity and debt are higher.

Key figures and ratios

2024 value · change against 2023

Solvency

28.2%▲

2023 · 27.1%

Current ratio

1.39▲

2023 · 1.37

Quick ratio

1.09▼

2023 · 1.37

Debt / equity

2.54▼

2023 · 2.69

ROE

26.6%▼

2023 · 35.1%

ROA

7.5%▼

2023 · 9.5%

Debt

€200k▲

2023 · €155k

Debt ≤ 1 year

€200k▲

2023 · €155k

Staff costs

€23k▲

2023 · €17k

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€212k€278k▲

Current assets29/58€212k€278k▲

Stocks and contracts in progress3€57€60k▲

Stocks30/36€57€60k▲

Amounts receivable within one year40/41€198k€202k▲

Trade receivables40€183k€183k=

Other amounts receivable41€14k€19k▲

Cash at bank and in hand54/58€14k€16k▲

Deferred charges and accrued income490/1€579€579=

Equity and liabilities

Total equity and liabilities10/49€212k€278k▲

Equity10/15€58k€79k▲

Reserves13€2k€2k=

Non-distributable reserves130/1€2k€2k=

Reserves not available under the articles1311€2k€2k=

Profit (loss) carried forward14€56k€77k▲

Provisions and deferred taxes16€5€5=

Provisions for liabilities and charges160/5€5€5=

Pensions and similar obligations160€5€5=

Amounts payable17/49€155k€200k▲

Amounts payable within one year42/48€155k€200k▲

Financial debts43€2k€2k=

Credit institutions430/8€2k€2k=

Trade debts44€32k€57k▲

Suppliers440/4€32k€57k▲

Taxes, remuneration and social security45€11k€16k▲

Taxes450/3€3k€2k▼

Remuneration and social security454/9€8k€14k▲

Other amounts payable47/48€109k€125k▲

Income statement Code20232024

Remuneration, social security and pensions62€17k€23k▲

Other operating charges640/8€271€3k▲

Gross operating margin9900€38k€48k▲

Operating profit (loss)9901€20k€21k▲

Financial income75/76B-€0

Recurring financial income75-€0

Financial charges65/66B€77€61▼

Recurring financial charges65€77€61▼

Profit (loss) for the period before taxes9903€20k€21k▲

Profit (loss) for the period9904€20k€21k▲

Profit (loss) for the period to be appropriated9905€20k€21k▲

Appropriation of the result

Profit (loss) to be appropriated9906€56k€77k▲

Profit (loss) brought forward from the previous period14P€36k€56k▲

The notes to these accounts (2 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 3Filings 9

2025

29-08

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 29 days late

2024

02-08

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 2 days late

2023

31-10

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 92 days late

2022

30-09

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 61 days late

2021

29-07

NBB filing Annual accounts filed

fiscal year 2020 · micro schema

2020

31-12

Financial Back to profitnet €39k

Net result €39k after one loss-making year.

31-12

Financial Liquidity times 5current ratio 1.92

Current ratio from 0.40 to 1.92; short-term debt falls from €44k to €13k.

28-10

NBB filing Annual accounts filed

fiscal year 2019 · micro schema · 89 days late

2019

31-12

Financial Weakest financial yearnet €-22k ▼166%

Net result drops to €-22k, the lowest in the series; recovery starts the following year.

30-08

NBB filing Annual accounts filed

fiscal year 2018 · full schema · 30 days late

2018

19-09

NBB filing Annual accounts filed

fiscal year 2017 · full schema · 50 days late

2017

29-09

NBB filing Annual accounts filed

fiscal year 2016 · full schema · 60 days late

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

Directors · office · real estate

Directors

6 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, Sint-Jans-Molenbeek · 1 establishment unit since 2016

establishment The establishment unit on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Gosseliesstraat 271080 Sint-Jans-Molenbeek

Ground area

184 m²

Building footprint

186 m²

Volume, LiDAR

1,838 m³

Parcel 21523B0946/00V012, Brussels · tallest building 16.4 m, ±4 floors. Linked by address, not a title deed.

1 establishment unit

ZEM GROUPE

Gosseliesstraat 27, 1080 Sint-Jans-MolenbeekRetail trade

since 20162.252.338.614

1 parcel

Brussels 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21523B0946/00V012	Brussels	184 m²	1 · 186 m²	16.4 m · 4 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1

1 of 1 parcel with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Recognitions · licences · registrations

Food safety, FASFC

1 site

Sint-Jans-Molenbeek2.252.338.614

1 permission

Toelating · Detailhandel · since 04-07-2016

Similar companies · same sector, comparable size

Florenville · Eq €79k

JS NATIONAL

BE 0521.822.089

Saint-Nicolas · Eq €79k

Chapelle-lez-Herlaimont · Eq €79k

Of 10,525 companies in sector 47110 we hold annual accounts for 5,860. 4,688 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded11-04-2016

Fiscal year end31-12

Activities, NACEBEL

47110Non-specialised retail sale with food, beverages or tobacco predominating

47112Retail trade

47210Retail sale of fruit and vegetables

Sources

Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers

Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.