ZET Culinary Concepts

Active

Private limited companyfounded 20196 yrs activeMinderbroedersrui 64, 2000 Antwerpen, BelgiumKBO/BCE: BE 0737.596.314

The computed 12-month bankruptcy probability of ZET Culinary Concepts is 3.5% (moderate). The 2024 annual accounts show equity of €104k and a net result of €43k. Equity is growing by ~72.2% per year across the filed fiscal years. Its solvency ranks better than 76% of 18940 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

65 / 100

Healthy

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

Axes · tick = 2023

Profitability99▲+22

Solvency85▲+4

Growth78=

Track record100

Bankruptcy probability, 12 months

3.5% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €6k at 30 days acceptable

Liquidity ample (current ratio 2.0 against 1.48 in 2023; short-term debt: 40.4% and cash: 10.8% of total assets), and 40.4% 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

Four 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 56

Relative position

BE, all sectors

reference

Sector 56

higher

← fewer bankruptcies more bankruptcies →

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-10-2025, 87 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 · 5 filings

Deviation from the deadline

2025

not confirmed

2024

87 d late

2023

31 d late

2022

31 d late

2021

5 d late

2020

30 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

Equity

€104k▲ 69.2%

2023 · €61k

2020: €11k 2021: €28k 2022: €50k 2023: €61k

2020 → 2024

Total assets

€174k▲ 60.3%

2023 · €109k

2020: €41k 2021: €77k 2022: €82k 2023: €109k

2020 → 2024

Net result

€43k▲ 260%

2023 · €12k

2020: €1k 2021: €17k 2022: €22k 2023: €12k

2020 → 2024

Working capital

€70k▲ 211%

2023 · €23k

2020: €-20k 2021: €-12k 2022: €14k 2023: €23k

2020 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€11k-€28k▲ 154%€50k▲ 77.0%€61k▲ 23.8%€104k▲ 69.2%

Operating result€2k-€20k▲ 1,063%€30k▲ 53.1%€18k▼ 40.7%€58k▲ 221%

Net result€1k-€17k▲ 1,534%€22k▲ 27.1%€12k▼ 45.2%€43k▲ 260%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result recovers in 2024; 2024 is 221% above 2023 and is the highest result in the available series.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €174k

19.4%

80.6%

Fixed assets €34k▼ 13.1%

Current assets €141k▲ 101%

Equity and liabilities €174k

59.6%

40.4%

Equity €104k▲ 69.2%

Debt €70k▲ 48.7%

The debt ratio falls from 43.5% to 40.4%. Equity and debt are higher.

Key figures and ratios

2024 value · change against 2023

EBITDA

€63k▲

2023 · €24k

Cash flow

€48k▲

2023 · €17k

Solvency

59.6%▲

2023 · 56.5%

Current ratio

2.00▲

2023 · 1.48

Quick ratio

1.97▲

2023 · 1.43

Debt / equity

0.68▼

2023 · 0.77

ROE

40.9%▲

2023 · 19.2%

ROA

24.4%▲

2023 · 10.9%

Interest coverage

24.32▲

2023 · 5.38

Debt

€70k▲

2023 · €47k

Debt ≤ 1 year

€70k▲

2023 · €47k

Income taxes

€17k▲

2023 · €4k

Staff costs

€122k▼

2023 · €138k

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€109k€174k▲

Fixed assets21/28€39k€34k▼

Tangible fixed assets22/27€29k€24k▼

Plant, machinery and equipment23€28k€23k▼

Furniture and vehicles24€1k€1k▼

Financial fixed assets28€10k€10k▲

Current assets29/58€70k€141k▲

Stocks and contracts in progress3€2k€2k▼

Stocks30/36€2k€2k▼

Amounts receivable within one year40/41€56k€120k▲

Trade receivables40€2k€10k▲

Other amounts receivable41€55k€110k▲

Cash at bank and in hand54/58€11k€19k▲

Deferred charges and accrued income490/1-€207

Equity and liabilities

Total equity and liabilities10/49€109k€174k▲

Equity10/15€61k€104k▲

Contributions10/11€10k€10k=

Reserves13€45k€65k▲

Distributable reserves133€45k€65k▲

Profit (loss) carried forward14€6k€29k▲

Amounts payable17/49€47k€70k▲

Amounts payable within one year42/48€47k€70k▲

Current portion of amounts payable after more than one year42-€2k

Trade debts44€9k€11k▲

Suppliers440/4€9k€11k▲

Taxes, remuneration and social security45€38k€57k▲

Taxes450/3€26k€44k▲

Remuneration and social security454/9€13k€12k▼

Income statement Code20232024

Remuneration, social security and pensions62€138k€122k▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€6k▲

Other operating charges640/8€15k€28k▲

Gross operating margin9900€177k€213k▲

Operating profit (loss)9901€18k€58k▲

Financial income75/76B€2k€5k▲

Recurring financial income75€2k€5k▲

Financial charges65/66B€4k€3k▼

Recurring financial charges65€4k€3k▼

Profit (loss) for the period before taxes9903€15k€60k▲

Income taxes67/77€4k€17k▲

Profit (loss) for the period9904€12k€43k▲

Profit (loss) for the period to be appropriated9905€12k€43k▲

Appropriation of the result

Profit (loss) to be appropriated9906€16k€49k▲

Profit (loss) brought forward from the previous period14P€5k€6k▲

Transfer to equity691/2€10k€20k▲

To other reserves6921€10k€20k▲

The notes to these accounts (8 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 7Financial 2Filings 5

2025

26-10

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 87 days late

2024

31-12

Financial Highest result since 2020net €43k ▲260%

Operating result €58k, net result €43k, both a record.

31-12

Financial Equity above €100kEq €104k ▲69.2%

5 profitable years in a row build equity to €104k.

31-08

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 31 days late

2023

31-08

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 31 days late

2022

05-08

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 5 days late

2021

30-08

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 30 days late

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

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, Antwerpen · 1 establishment unit since 2019

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.

Minderbroedersrui 642000 Antwerpen

Ground area

47 m²

Building footprint

47 m²

Volume, LiDAR

647 m³

Parcel 11002A0966/00_000, Flanders · tallest building 16.5 m, ±5 floors. Linked by address, not a title deed.

1 establishment unit

Shuk Antwerp

Minderbroedersrui 64, 2000 AntwerpenNon-specialised wholesale

since 20192.297.461.826

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
11002A0966/00_000	Flanders	47 m²	1 · 47 m²	16.5 m · 5 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.

Public money · subsidies and aid

Flemish government

2023 · 1 entry · 2,000 EUR awarded · 2,000 EUR paid

Year	Entries	awarded	paid
2023	1	2,000 EUR	2,000 EUR

Schemes

Hinderpremie bij openbare werken

1 entry · 2,000 EUR · 2,000 EUR paid · Fonds voor Innoveren en Ondernemen

Recognitions · licences · registrations

Food safety, FASFC

1 site

Antwerpen2.297.461.826

1 permission

Toelating · Eetgelegenheid · since 10-06-2020

Similar companies · same sector, comparable size

Anderlecht · Eq €104k

Braine-le-Château · Eq €105k

Of 7,508 companies in sector 56210 we hold annual accounts for 2,445. 1,980 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded12-11-2019

Fiscal year end31-12

Activities, NACEBEL

56102Limited-service restaurants

56111Full-service restaurants

56112Limited-service restaurants, excluding mobile food services

56210Event catering

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

47112Retail trade

Sources

Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers

Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.