Zhan
ActiveSummary
The computed 12-month bankruptcy probability of Zhan is 1.5% (moderate). The 2025 annual accounts show equity of €84k and a net result of €62k. Equity is growing by ~18.3% per year across the filed fiscal years. Its solvency ranks better than 92% of 13417 sector peers (fiscal year 2025). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
1.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity ample (current ratio 5.42 against 5.47 in 2024; short-term debt: 16.7% and cash: 63.8% of total assets), and 16.7% of the assets are financed with debt.
Credit check for your own amount and term
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 · 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
83.3%
Return on assets
61.7%
Age of the figures
9 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-07-2026, 3 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
3 d early
2024
4 d late
2023
30 d late
2022
58 d late
2021
4 d late
2020
26 d late
2019
14 d late
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€84k▼ 55.6%
2024 · €189k
2019: €31klowest in 7 years
2020: €84k▲ +175% vs 2019
2021: €163k▲ +93.2% vs 2020
2022: €119k▼ -26.8% vs 2021
2023: €130k▲ +9.3% vs 2022
2024: €189k▲ +45.2% vs 2023highest in 7 years
2025: €84k▼ -55.6% vs 2024
2019 → 2025
Total assets
€101k▼ 55.2%
2024 · €225k
2019: €139k
2020: €220k▲ +59.0% vs 2019
2021: €275k▲ +24.8% vs 2020highest in 7 years
2022: €192k▼ -30.1% vs 2021
2023: €162k▼ -15.9% vs 2022
2024: €225k▲ +39.0% vs 2023
2025: €101k▼ -55.2% vs 2024lowest in 7 years
2019 → 2025
Net result
€62k▼ 4.1%
2024 · €65k
2019: €32k
2020: €54k▲ +67.2% vs 2019
2021: €67k▲ +25.3% vs 2020highest in 7 years
2022: €26k▼ -60.5% vs 2021lowest in 7 years
2023: €61k▲ +131% vs 2022
2024: €65k▲ +6.1% vs 2023
2025: €62k▼ -4.1% vs 2024
2019 → 2025
Working capital
€74k▼ 54.0%
2024 · €161k
2019: €-48klowest in 7 years
2020: €-5k▲ +89.7% vs 2019
2021: €96k▲ +2054% vs 2020
2022: €73k▼ -23.7% vs 2021
2023: €88k▲ +19.5% vs 2022
2024: €161k▲ +84.1% vs 2023highest in 7 years
2025: €74k▼ -54.0% vs 2024
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€163k-€119k▼ 26.8%€130k▲ 9.3%€189k▲ 45.2%€84k▼ 55.6%
2021: €163k
2022: €119k▼ -26.8% vs 2021
2023: €130k▲ +9.3% vs 2022
2024: €189k▲ +45.2% vs 2023highest in 5 years
2025: €84k▼ -55.6% vs 2024lowest in 5 years
Operating result€90k-€34k▼ 62.6%€76k▲ 126%€81k▲ 6.1%€78k▼ 3.5%
2021: €90khighest in 5 years
2022: €34k▼ -62.6% vs 2021lowest in 5 years
2023: €76k▲ +126% vs 2022
2024: €81k▲ +6.1% vs 2023
2025: €78k▼ -3.5% vs 2024
Net result€67k-€26k▼ 60.5%€61k▲ 131%€65k▲ 6.1%€62k▼ 4.1%
2021: €67khighest in 5 years
2022: €26k▼ -60.5% vs 2021lowest in 5 years
2023: €61k▲ +131% vs 2022
2024: €65k▲ +6.1% vs 2023
2025: €62k▼ -4.1% vs 2024
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 3% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €101k
Fixed assets
€10k ▼ 65.1%
Current assets
€91k ▼ 53.8%
Equity and liabilities €101k
Equity
€84k ▼ 55.6%
Debt
€17k ▼ 53.4%
Debt's share of the balance-sheet total rises from 16.0% to 16.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
€98k▼
2024 · €101k
Cash flow
€82k▼
2024 · €85k
Current ratio
5.42▼
2024 · 5.47
Quick ratio
5.29▲
2024 · 5.10
Debt to equity
0.20▲
2024 · 0.19
ROE
74.1%▲
2024 · 34.3%
ROA
61.7%▲
2024 · 28.8%
Interest coverage
210.61▼
2024 · 245.96
Debt ≤ 1 year
€17k▼
2024 · €36k
Income taxes
€16k▼
2024 · €16k
Staff costs
€10k▲
2024 · €9k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 47 lines
Balance sheet
Code20242025
Assets
Total assets20/58€225k€101k▼
Fixed assets21/28€28k€10k▼
Intangible fixed assets21€4k€2k▼
Tangible fixed assets22/27€23k€8k▼
Plant, machinery and equipment23€3k€4k▲
Furniture and vehicles24€20k€3k▼
Current assets29/58€197k€91k▼
Stocks and contracts in progress3€14k€2k▼
Stocks30/36€14k€2k▼
Amounts receivable within one year40/41€20k€24k▲
Other amounts receivable41€20k€24k▲
Cash at bank and in hand54/58€160k€64k▼
Deferred charges and accrued income490/1€4k€1k▼
Equity and liabilities
Total equity and liabilities10/49€225k€101k▼
Equity10/15€189k€84k▼
Contributions10/11€19k€19k=
Reserves13€170k€65k▼
Distributable reserves133€170k€65k▼
Amounts payable17/49€36k€17k▼
Amounts payable within one year42/48€36k€17k▼
Current portion of amounts payable after more than one year42€5k-
Trade debts44€3k€4k▲
Suppliers440/4€3k€4k▲
Taxes, remuneration and social security45€22k€10k▼
Taxes450/3€20k€5k▼
Remuneration and social security454/9€2k€6k▲
Other amounts payable47/48€6k€3k▼
Income statement
Code20242025
Remuneration, social security and pensions62€9k€10k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€20k€20k▲
Other operating charges640/8€2k€2k▲
Gross operating margin9900€112k€110k▼
Operating profit (loss)9901€81k€78k▼
Financial income75/76B€306€304▼
Recurring financial income75€306€304▼
Financial charges65/66B€409€466▲
Recurring financial charges65€409€466▲
Profit (loss) for the period before taxes9903€81k€78k▼
Income taxes67/77€16k€16k▼
Profit (loss) for the period9904€65k€62k▼
Profit (loss) for the period to be appropriated9905€65k€62k▼
Appropriation of the result
Profit (loss) to be appropriated9906€65k€62k▼
Transfer from equity791/2-€167k
Transfer to equity691/2€59k€62k▲
To other reserves6921€59k€62k▲
Profit to be distributed694/7€6k€167k▲
Return on contributions (dividend)694-€167k
Directors or managers695€6k-
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €9k | €13k | €12k | €9k | €10k | ▲ 7.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €40k | €35k | €20k | €20k | €20k | ▲ 0.9% |
| Other operating charges640/8 | €7k | €6k | €4k | €2k | €2k | ▲ 21.2% |
| Gross operating margin9900 | €146k | €88k | €113k | €112k | €110k | ▼ 1.4% |
| Operating profit (loss)9901 | €90k | €34k | €76k | €81k | €78k | ▼ 3.5% |
| Financial income75/76B | €558 | €1k | €1k | €306 | €304 | ▼ 0.6% |
| Recurring financial income75 | €558 | €1k | €1k | €306 | €304 | ▼ 0.6% |
| Financial charges65/66B | €1k | €1k | €432 | €409 | €466 | ▲ 13.7% |
| Recurring financial charges65 | €1k | €1k | €432 | €409 | €466 | ▲ 13.7% |
| Profit (loss) for the period before taxes9903 | €90k | €34k | €77k | €81k | €78k | ▼ 3.6% |
| Income taxes67/77 | €23k | €7k | €16k | €16k | €16k | ▼ 1.3% |
| Profit (loss) for the period9904 | €67k | €26k | €61k | €65k | €62k | ▼ 4.1% |
| Profit (loss) for the period to be appropriated9905 | €67k | €26k | €61k | €65k | €62k | ▼ 4.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €275k | €192k | €162k | €225k | €101k | ▼ 55.2% |
| Fixed assets21/28 | €100k | €65k | €47k | €28k | €10k | ▼ 65.1% |
| Intangible fixed assets21 | €12k | €10k | €7k | €4k | €2k | ▼ 58.3% |
| Tangible fixed assets22/27 | €88k | €56k | €41k | €23k | €8k | ▼ 66.3% |
| Plant, machinery and equipment23 | €16k | €1k | €3k | €3k | €4k | ▲ 47.1% |
| Furniture and vehicles24 | €71k | €54k | €37k | €20k | €3k | ▼ 83.1% |
| Current assets29/58 | €175k | €127k | €114k | €197k | €91k | ▼ 53.8% |
| Stocks and contracts in progress3 | €12k | €11k | €21k | €14k | €2k | ▼ 84.4% |
| Stocks30/36 | €12k | €11k | €21k | €14k | €2k | ▼ 84.4% |
| Amounts receivable within one year40/41 | €36k | €19k | €20k | €20k | €24k | ▲ 16.9% |
| Other amounts receivable41 | €36k | €19k | €20k | €20k | €24k | ▲ 16.9% |
| Cash at bank and in hand54/58 | €123k | €95k | €73k | €160k | €64k | ▼ 59.8% |
| Deferred charges and accrued income490/1 | €4k | €2k | €675 | €4k | €1k | ▼ 70.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €275k | €192k | €162k | €225k | €101k | ▼ 55.2% |
| Equity10/15 | €163k | €119k | €130k | €189k | €84k | ▼ 55.6% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €144k | €100k | €111k | €170k | €65k | ▼ 61.7% |
| Non-distributable reserves130/1 | €2k | €2k | €2k | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | €2k | - | - | - |
| Distributable reserves133 | €142k | €99k | €110k | €170k | €65k | ▼ 61.7% |
| Amounts payable17/49 | €113k | €73k | €32k | €36k | €17k | ▼ 53.4% |
| Amounts payable after more than one year17 | €34k | €19k | €5k | - | - | - |
| Financial debts170/4 | €34k | €19k | €5k | - | - | - |
| Amounts payable within one year42/48 | €79k | €54k | €27k | €36k | €17k | ▼ 53.4% |
| Current portion of amounts payable after more than one year42 | €14k | €14k | €15k | €5k | - | - |
| Trade debts44 | €8k | €2k | €442 | €3k | €4k | ▲ 32.1% |
| Suppliers440/4 | €8k | €2k | €442 | €3k | €4k | ▲ 32.1% |
| Taxes, remuneration and social security45 | €41k | €38k | €11k | €22k | €10k | ▼ 53.7% |
| Taxes450/3 | €39k | €34k | €10k | €20k | €5k | ▼ 77.0% |
| Remuneration and social security454/9 | €1k | €4k | €2k | €2k | €6k | ▲ 216% |
| Other amounts payable47/48 | €17k | - | €440 | €6k | €3k | ▼ 53.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €67k | €26k | €61k | €65k | €62k | ▼ 4.1% |
| + Depreciation and write-downs630 | €40k | €35k | €20k | €20k | €20k | ▲ 0.9% |
| Operating cash flow (approximation) | €108k | €61k | €81k | €85k | €82k | ▼ 2.9% |
| Investment in fixed assets (approximation) | - | €0 | €-3k | €0 | €-2k | - |
| Change in cash | - | €-27k | €-23k | €87k | €-96k | ▼ 209% |
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
28-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
04-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 4 days late
2024
31-12
Financial
Equity above €150kEq €189k ▲45.2%
6 profitable years in a row build equity to €189k.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
27-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 58 days late
2022
31-12
Financial
Weakest financial yearnet €26k ▼60.5%
Net result drops to €26k, the lowest in the series; recovery starts the following year.
04-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 4 days late
2021
31-12
Financial
Highest result since 2019net €67k ▲25.3%
Operating result €90k, net result €67k, both a record.
31-12
Financial
Liquidity doublescurrent ratio 2.22
Current ratio from 0.94 to 2.22; short-term debt falls from €88k to €79k.
31-12
Financial
Equity above €150kEq €163k ▲93.2%
3 profitable years in a row build equity to €163k.
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
2020
14-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 14 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
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, Mortsel · 1 establishment unit since 2018
Ground area
231 m²
Building footprint
110 m²
Volume, LiDAR
1,546 m³
Parcel 11512B0083/00W000, Flanders · tallest building 17.8 m, ±5 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
HET PARK
since 20182.279.774.667
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11512B0083/00W000 | Flanders | 231 m² | 1 · 110 m² | 17.8 m · 5 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteMortsel2.279.774.667
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Of 21,853 companies in sector 56112 we hold annual accounts for 9,776. 7,998 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
Founded19-09-2018
Fiscal year end31-12
Activities, NACEBEL 2025
56112Limited-service restaurants, excluding mobile food services
Scores and ratios are computed by Checked and are not a credit decision.