ZHAO HAMBURGER
ActiveZHAO HAMBURGER has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €136k and a net result of €16k. Equity is growing by ~13.5% per year across the filed fiscal years. Its solvency ranks better than 88% of 13270 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2025
82
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability80▲+9
Solvency100▲+1
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11k at 30 days acceptable
Liquidity ample (current ratio 4.49 against 2.73 in 2024; short-term debt: 16.5% and cash: 41.9% of total assets), and 22.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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
Sector 56
higher
← 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
77.1%
Return on assets
9%
Age of the figures
9 mo
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 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
28 d late
2024
31 d late
2023
31 d late
2022
38 d late
2021
23 d late
2020
10 d late
2019
26 d late
← before the deadline
after the deadline →
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
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€136k▲ 13.2%
2024 · €120k
2018: €45k
2019: €44k
2020: €65k
2021: €100k
2022: €108k
2023: €118k
2024: €120k
2018 → 2025
Total assets
€177k▲ 9.3%
2024 · €162k
2018: €46k
2019: €51k
2020: €76k
2021: €120k
2022: €156k
2023: €144k
2024: €162k
2018 → 2025
Net result
€16k▲ 481%
2024 · €3k
2018: €4k
2019: €-1k
2020: €22k
2021: €35k
2022: €8k
2023: €10k
2024: €3k
2018 → 2025
Working capital
€102k▲ 73.2%
2024 · €59k
2018: €43k
2019: €40k
2020: €64k
2021: €44k
2022: €29k
2023: €58k
2024: €59k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€100k-€108k▲ 7.5%€118k▲ 9.2%€120k▲ 2.3%€136k▲ 13.2%
Operating result€43k-€12k▼ 72.6%€16k▲ 34.2%€7k▼ 54.2%€26k▲ 259%
Net result€35k-€8k▼ 78.5%€10k▲ 31.8%€3k▼ 72.5%€16k▲ 481%
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 2025; 2025 is 259% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €177k
Fixed assets
€46k▼ 33.8%
Current assets
€131k▲ 41.3%
Equity and liabilities €177k
Equity
€136k▲ 13.2%
Debt
€41k▼ 2.1%
The debt ratio falls from 25.6% to 22.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€57k▲
2024 · €35k
Cash flow
€47k▲
2024 · €30k
Solvency
77.1%▲
2024 · 74.4%
Current ratio
4.49▲
2024 · 2.73
Quick ratio
4.35▲
2024 · 2.62
Debt / equity
0.30▼
2024 · 0.34
ROE
11.7%▲
2024 · 2.3%
ROA
9.0%▲
2024 · 1.7%
Interest coverage
21.90▲
2024 · 9.60
Debt
€41k▼
2024 · €41k
Debt ≤ 1 year
€29k▼
2024 · €34k
Debt > 1 year
€11k▲
2024 · €7k
Income taxes
€7k▲
2024 · €857
Staff costs
€4k▼
2024 · €5k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€162k€177k▲
Fixed assets21/28€69k€46k▼
Tangible fixed assets22/27€69k€46k▼
Land and buildings22-€5k
Plant, machinery and equipment23€26k€16k▼
Furniture and vehicles24€43k€25k▼
Current assets29/58€93k€131k▲
Stocks and contracts in progress3€4k€4k=
Stocks30/36€4k€4k=
Amounts receivable within one year40/41€54k€53k▼
Other amounts receivable41€54k€53k▼
Cash at bank and in hand54/58€34k€74k▲
Equity and liabilities
Total equity and liabilities10/49€162k€177k▲
Equity10/15€120k€136k▲
Contributions10/11€70k€70k=
Reserves13-€13k
Distributable reserves133-€13k
Profit (loss) carried forward14€50k€54k▲
Amounts payable17/49€41k€41k▼
Amounts payable after more than one year17€7k€11k▲
Financial debts170/4€7k€11k▲
Amounts payable within one year42/48€34k€29k▼
Current portion of amounts payable after more than one year42€8k€11k▲
Trade debts44€14k€264▼
Suppliers440/4€14k€264▼
Taxes, remuneration and social security45-€4k
Taxes450/3-€4k
Other amounts payable47/48€12k€14k▲
Income statement
Code20242025
Remuneration, social security and pensions62€5k€4k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€27k€31k▲
Other operating charges640/8€2k€3k▲
Gross operating margin9900€41k€63k▲
Operating profit (loss)9901€7k€26k▲
Financial income75/76B€0€8▲
Recurring financial income75€0€8▲
Financial charges65/66B€4k€3k▼
Recurring financial charges65€4k€3k▼
Profit (loss) for the period before taxes9903€4k€23k▲
Income taxes67/77€857€7k▲
Profit (loss) for the period9904€3k€16k▲
Profit (loss) for the period to be appropriated9905€3k€16k▲
Appropriation of the result
Profit (loss) to be appropriated9906€50k€66k▲
Profit (loss) brought forward from the previous period14P€48k€50k▲
Transfer to equity691/2-€13k
To other reserves6921-€13k
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
31-12
Financial
Liquidity quadruplescurrent ratio 7.33
Current ratio from 2.03 to 7.33; short-term debt falls from €28k to €9k.
07-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 38 days late
2022
23-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 23 days late
2021
31-12
Financial
Highest result since 2018net €35k ▲62.3%
Operating result €43k, net result €35k, both a record.
31-12
Financial
Equity above €100kEq €100k ▲53.7%
2 profitable years in a row build equity to €100k.
10-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 10 days late
2020
31-12
Financial
Back to profitnet €22k
Net result €22k after one loss-making year.
26-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 26 days late
2019
31-12
Financial
Weakest financial yearnet €-1k ▼132%
Net result drops to €-1k, the lowest in the series; recovery starts the following year.
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 26 days late
2018
17-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 48 days late
2017
11-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Beringen · 1 establishment unit since 2014
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.
Heppensesteenweg 122a3581 BeringenGround area
2,688 m²
Building footprint
289 m²
Volume, LiDAR
283 m³
2 parcels, Flanders · tallest building 5.7 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
HAMBURGER HUT
since 20142.233.079.164
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71005C0487/00C002 | Flanders | 1,662 m² | 1 · 222 m² | - |
| 71005A1247/00G000 | Flanders | 1,026 m² | 1 · 67 m² | 5.7 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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 siteBeringen2.233.079.164
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Of 21,896 companies in sector 56112 we hold annual accounts for 9,785. 7,397 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded05-05-2014
Fiscal year end31-12
Activities, NACEBEL
56102Limited-service restaurants
56112Limited-service restaurants, excluding mobile food services
Sources
Crossroads Bank for EnterprisesNational Bank · 11 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.