ZEYNEL
ActiveSummary
ZEYNEL has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €60,620 and a net result of €4,124. Equity is growing by ~25.7% per year across the filed fiscal years. Its solvency ranks better than 94% of 13560 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability76▼-12
Solvency100▲+2
Growth78=
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5,000 at 30 days acceptable
Liquidity ample (current ratio 9.32 against 4.45 in 2024; short-term debt: 10.7% and cash: 56.8% of total assets), and 13.6% 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
raises risk · 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
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
86.4%
Return on assets
5.9%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-08-2026, 24 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 · 10 filingsDeviation from the deadline
2025
24 d late
2024
61 d late
2023
206 d late
2022
115 d late
2021
86 d late
2020
31 d late
2019
121 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 92 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 52% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€176,268
EBIT margin
8.1%
Net result
€4,124▼ 66.2%
2024 · €12,196
Working capital
€62,620▲ 3.2%
2024 · €60,664
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€176,268
Operating result€24,583€6,446▼ 73.8%€14,240▲ 121%€15,254▲ 7.1%€5,654▼ 62.9%
Net result€16,182within the sector's middle half▲ 49,222%€1,590within the sector's middle half▼ 90.2%€9,023within the sector's middle half▲ 468%€12,196within the sector's middle half▲ 35.2%€4,124within the sector's middle half▼ 66.2%
EBIT margin8.1%
Equity€34,355within the sector's middle half▲ 89.0%€35,945within the sector's middle half▲ 4.6%€44,967within the sector's middle half▲ 25.1%€57,164within the sector's middle half▲ 27.1%€60,620within the sector's middle half▲ 6.0%
Total assets€42,962below the sector's middle half▲ 117%€46,500within the sector's middle half▲ 8.2%€84,323within the sector's middle half▲ 81.3%€78,222within the sector's middle half▼ 7.2%€70,144within the sector's middle half▼ 10.3%
Debt€8,608▲ 428%€10,556▲ 22.6%€39,355▲ 273%€21,058▼ 46.5%€9,524▼ 54.8%
Working capital€32,647▲ 88.7%€35,195▲ 7.8%€44,741▲ 27.1%€60,664▲ 35.6%€62,620▲ 3.2%
Solvency80.0%above the sector's middle half▼ 11.8pp77.3%above the sector's middle half▼ 2.7pp53.3%within the sector's middle half▼ 24.0pp73.1%above the sector's middle half▲ 19.8pp86.4%above the sector's middle half▲ 13.3pp
Staff (FTE)1.6
above
within
below
the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 63% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €70,144
Equity
€60,620 ▲ 6.0%
Debt
€9,524 ▼ 54.8%
Debt's share of the balance-sheet total falls from 26.9% to 13.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€5,654▼
2024 · €15,480
Cash flow
€4,124▼
2024 · €12,423
Current ratio
9.32▲
2024 · 4.45
Quick ratio
9.32▲
2024 · 4.43
Debt to equity
0.16▼
2024 · 0.37
ROE
6.8%▼
2024 · 21.3%
ROA
5.9%▼
2024 · 15.6%
Interest coverage
19.01▼
2024 · 43.97
Debt ≤ 1 year
€7,524▼
2024 · €17,558
Income taxes
€1,606▼
2024 · €3,049
Staff costs
€4,528▼
2024 · €7,680
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,349 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.4%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 1.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
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 31,349 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | €176,268 | - | - | - |
| Non-recurring operating income76A | - | - | €2,040 | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | €160,537 | - | - | - |
| Remuneration, social security and pensions62 | €678 | €147 | €1,803 | €7,680 | €4,528 | ▼ 41.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €733 | €959 | €523 | €226 | €0 | ▼ 100% |
| Other operating charges640/8 | €6,253 | €1,821 | €1,204 | €528 | €757 | ▲ 43.5% |
| Gross operating margin9900 | €32,246 | €9,373 | €17,771 | €23,688 | €10,940 | ▼ 53.8% |
| Operating profit (loss)9901 | €24,583 | €6,446 | €14,240 | €15,254 | €5,654 | ▼ 62.9% |
| Financial income75/76B | €0 | - | €10 | €344 | €373 | ▲ 8.5% |
| Recurring financial income75 | €0 | - | €10 | €344 | €373 | ▲ 8.5% |
| Financial charges65/66B | €184 | €4,187 | €2,759 | €352 | €297 | ▼ 15.5% |
| Recurring financial charges65 | €184 | €4,187 | €2,759 | €352 | €297 | ▼ 15.5% |
| Profit (loss) for the period before taxes9903 | €24,399 | €2,259 | €11,491 | €15,246 | €5,730 | ▼ 62.4% |
| Income taxes67/77 | €8,217 | €669 | €2,468 | €3,049 | €1,606 | ▼ 47.3% |
| Profit (loss) for the period9904 | €16,182 | €1,590 | €9,023 | €12,196 | €4,124 | ▼ 66.2% |
| Profit (loss) for the period to be appropriated9905 | €16,182 | €1,590 | €9,023 | €12,196 | €4,124 | ▼ 66.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €42,962 | €46,500 | €84,323 | €78,222 | €70,144 | ▼ 10.3% |
| Fixed assets21/28 | €1,708 | €749 | €226 | - | - | - |
| Tangible fixed assets22/27 | €1,708 | €749 | €226 | - | - | - |
| Furniture and vehicles24 | €1,708 | €749 | €226 | - | - | - |
| Current assets29/58 | €41,254 | €45,751 | €84,096 | €78,222 | €70,144 | ▼ 10.3% |
| Amounts receivable after more than one year29 | - | - | - | - | €25,000 | - |
| Other amounts receivable291 | - | - | - | - | €25,000 | - |
| Stocks and contracts in progress3 | €2,600 | €3,800 | €3,450 | €476 | €31 | ▼ 93.4% |
| Stocks30/36 | €2,600 | €3,800 | €3,450 | €476 | €31 | ▼ 93.4% |
| Amounts receivable within one year40/41 | €242 | €18,977 | €10,046 | €5,321 | €5,295 | ▼ 0.5% |
| Trade receivables40 | €242 | €17,602 | - | €5,321 | €4,375 | ▼ 17.8% |
| Other amounts receivable41 | - | €1,375 | €10,046 | - | €919 | - |
| Cash at bank and in hand54/58 | €32,950 | €17,512 | €64,470 | €59,757 | €39,818 | ▼ 33.4% |
| Deferred charges and accrued income490/1 | €5,462 | €5,462 | €6,130 | €12,668 | €0 | ▼ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €42,962 | €46,500 | €84,323 | €78,222 | €70,144 | ▼ 10.3% |
| Equity10/15 | €34,355 | €35,945 | €44,967 | €57,164 | €60,620 | ▲ 6.0% |
| Contributions10/11 | €6,200 | €6,200 | €8,055 | €6,200 | €6,200 | = |
| Capital10 | €6,200 | €6,200 | - | - | - | - |
| Issued capital100 | €18,550 | €18,550 | - | - | - | - |
| Uncalled capital101 | €12,350 | €12,350 | - | - | - | - |
| Reserves13 | €28,155 | €29,745 | €36,912 | €50,964 | €55,088 | ▲ 8.1% |
| Non-distributable reserves130/1 | €1,855 | €1,855 | - | €1,855 | - | - |
| Legal reserve130 | €1,855 | €1,855 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,855 | - | - |
| Distributable reserves133 | €26,300 | €27,890 | €36,912 | €49,109 | €55,088 | ▲ 12.2% |
| Profit (loss) carried forward14 | - | - | - | - | -€668 | - |
| Amounts payable17/49 | €8,608 | €10,556 | €39,355 | €21,058 | €9,524 | ▼ 54.8% |
| Amounts payable within one year42/48 | €8,608 | €10,556 | €39,355 | €17,558 | €7,524 | ▼ 57.2% |
| Trade debts44 | €1,304 | - | €2,416 | €5,132 | €2,548 | ▼ 50.3% |
| Suppliers440/4 | €1,304 | - | €2,416 | €5,132 | €2,548 | ▼ 50.3% |
| Taxes, remuneration and social security45 | €7,303 | €8,556 | €34,939 | €3,298 | €4,655 | ▲ 41.2% |
| Taxes450/3 | €7,303 | €7,669 | €15,655 | €3,298 | €4,655 | ▲ 41.2% |
| Remuneration and social security454/9 | - | €887 | €19,284 | - | - | - |
| Other amounts payable47/48 | - | €2,000 | €2,000 | €9,129 | €320 | ▼ 96.5% |
| Accrued charges and deferred income492/3 | - | - | - | €3,500 | €2,000 | ▼ 42.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €16,182 | €1,590 | €9,023 | €12,196 | €4,124 | ▼ 66.2% |
| + Depreciation and write-downs630 | €733 | €959 | €523 | €226 | €0 | ▼ 100% |
| Operating cash flow (approximation) | €16,915 | €2,549 | €9,546 | €12,423 | €4,124 | ▼ 66.8% |
| Investment in fixed assets (approximation) | - | €0 | €0 | - | - | - |
| Change in cash | - | -€15,438 | €46,958 | -€4,713 | -€19,939 | ▼ 323% |
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
Next filing, fiscal year 2026, expected by
2026
24-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 24 days late
2025
31-12
Financial
Liquidity doublescurrent ratio 9.32
Current ratio from 4.45 to 9.32; short-term debt falls from €17,558 to €7,524.
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
22-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 206 days late
2024
31-12
Financial
Liquidity doublescurrent ratio 4.45
Current ratio from 2.14 to 4.45; short-term debt falls from €39,355 to €17,558.
2023
23-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 115 days late
2022
25-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 86 days late
2021
31-12
Financial
Highest result since 2018net €16,182 ▲49,222%
Operating result €24,583, net result €16,182, both a record.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Liquidity doublescurrent ratio 11.62
Current ratio from 5.00 to 11.62; short-term debt falls from €4,534 to €1,629.
29-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 121 days late
2019
31-12
Financial
Back to profitnet €4,989
Net result €4,989 after one loss-making year.
Show earlier events
16-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 412 days late
16-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 777 days late
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 27 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 9 acts read
About the unread acts
We know of 9 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
9 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, Gent · 1 establishment unit since 2006
Ground area
232 m²
Building footprint
105 m²
Volume, LiDAR
625 m³
Parcel 44816K0594/00H002, Flanders · tallest building 12.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
CANAN
since 20062.152.973.495
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44816K0594/00H002 | Flanders | 232 m² | 1 · 105 m² | 12.8 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.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 2,000 EUR awarded · 2,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 2,000 EUR | 2,000 EUR |
Schemes
Recognitions · licences · registrations
Food safety, FASFC
1 siteGent2.152.973.495
Similar companies · same sector, comparable size
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CINQUE TERRE
BE 0683.462.889
Walcourt · Eq €60,646
FEZOUAN
BE 0683.799.322
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L'EXPRESS
BE 0877.317.389
Brugge · Eq €60,586
Of 21,859 companies in sector 56112 we hold annual accounts for 9,782. 8,287 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded21-03-2006
Fiscal year end31-12
Activities, NACEBEL 2025
56112Limited-service restaurants, excluding mobile food services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0880332012
Also
9925:BE0880332012
Registered
26-08-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.