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Generated 14-07-2026
Active BE 0433.818.246Non-profit association

Zig Zag

Monplaisirlaan 77 ·1030 Schaarbeek, Belgium· 39 yrs active
Sector: NACE 93299 (93299)
Conclusion Checked

The computed 12-month bankruptcy probability of Zig Zag is < 0.1% (very low). The 2024 annual accounts show equity of €516k and a net result of €19k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 54% of 69 sector peers (fiscal year 2024). The company has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 7 annual accounts.
Key figures
Equity €516k
Net result €19k
Staff (FTE) 4.1
Better than sector 54%
Snowflake analysis 5 axes · computed by Checked
Health76Profitability19Solvency70Growth52Stability100
63 / 100

Strong profile, led by stability.

Health 76
Profitability 19
Solvency 70
Growth 52
Stability 100
Bankruptcy probability (12 mo) Checked model v1 · free
< 0.1% Very low
0%0,5%1,5%4%10%≥25%
Lower-risk legal form −Lower-failure-rate sector −Higher-failure-rate region +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based
0 / 100
Low risk
Trust signals 3 signals
Long-established
Founded in 1987, 39 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad.
Administratively compliant
No FOD Economie strikeouts (UBO, accounts, address, activity).
Administrative Flags 0 events
No administrative flags
Health barometer FY 2024 · computed
76 / 100 Excellent
050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.
Financial overview10 NBB filings
Annual accounts filed on 25-06-2025 with the NBB · fiscal year 2024 · volledig
€0€100k€200k€300kOperating result 2020: €4k€4kOperating result 2021: €3k€3kOperating result 2022: €307k€307kNet result 2022: €296k€296kOperating result 2023: €138k€138kNet result 2023: €137k€137kOperating result 2024: €23k€23kNet result 2024: €19k€19k20202021202220232024
Operating resultNet result
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
volatile Too volatile to project: the yearly deviation from the trend is ~56% of the level (threshold 35%). We therefore deliberately show no projection line.
€0€200k€400k€600k2018: €64k2019: €64k2020: €64k2021: €64k2022: €360k2023: €497k2024: €516k2018201920202021202220232024
How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison
Fiscal year 2024 · NACE 93 · compared within the same schema type (full schema)
Metric This company Sector median Position in the sector
Solvency 29.4% 21.8%
better than 54% of 69 sector peers
Net result €19k €6k
better than 57% of 69 sector peers
Equity €516k €149k
better than 63% of 69 sector peers
Gross operating margin €269k €250k
better than 52% of 61 sector peers
Staff costs €231k €349k
higher than 42% of 52 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
EBITDA
€30k
-80.2% 18-24
Net profit
€19k
-85.9% 18-24
Cash flow
€26k
-82.8% 18-24
Total assets
€1.75M
+18.3% 18-24
Equity
€516k
+3.9% 18-24
Working capital
€1.29M
+65.1% 18-24
Employees (FTE)
4
0.0% 18-24
Staff costs
€231k
-41.7% 18-24
Debt
€1.16M
+27.6% 18-24
Debt ≤ 1y
€419k
-36.7% 18-24
Debt > 1y
€16k
-20.0% 18-24
Current ratio
4.07
+86.8% 18-24
Quick ratio
4.07
+86.8% 18-24
Solvency
29.4%
-12.2% 18-24
Debt / equity
2.25
+22.9% 18-24
ROE
3.8%
-86.4% 18-24
ROA
1.1%
-88.0% 18-24
Interest coverage
6.10
-77.8% 18-24
Figures by fiscal year
Fiscal year2024
Revenue-
EBITDA€30k
Net profit€19k
Cash flow€26k
Staff costs€231k
Income taxes-
Dividends-
Total assets€1.75M
Equity€516k
Debt€1.16M
of which ≤ 1y€419k
of which > 1y-
Working capital€1.29M
Employees (FTE)4.1
Ratios (computed)
2024
Current ratio4.07
Quick ratio4.07
Working capital ratio73.3%
Solvency29.4%
Debt / equity2.25
Long-term debt ratio-
Interest coverage6.10
Gross margin-
Net margin-
ROA1.1%
ROE3.8%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2024
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2024
Balance sheet, Assets
TOTAL ASSETS 20/58€1.75M
Fixed assets 21/28€49k
Tangible fixed assets 22/27€18k
Financial fixed assets 28€31k
Current assets 29/58€1.70M
Amounts receivable within one year 40/41€639k
Cash & bank 54/58€959k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€1.75M
Equity 10/15€516k
Reserves 13€218k
Accumulated profits (losses) 14€299k
Provisions & deferred taxes 16€75k
Amounts payable 17/49€1.16M
Amounts payable within one year 42/48€419k
Trade debts payable within one year 44€373k
Income statement
Gross operating margin 9900€269k
Operating result 9901€23k
Financial income 75€739
Financial charges 65€5k
Result before taxes 9903€19k
Net result for the period 9904€19k
Result to be appropriated 9905€19k
You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.
Legal Structure
NACE primary 93299
Legal form Non-profit association(017)
Incorporation01-06-1987
StatusActive
Postal code1030
Establishment units 1 location
Zig Zag
Monplaisirlaan 77, 1030 SchaarbeekDiensten verwant aan de scheppende en uitvoerende kunst
since 19872.160.675.988
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Brussels 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21015A0091/00X005 Brussels 996 m² 1 · 852 m² 16.7 m · 4 fl.
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates 13 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2025
25-06-2025
NBB filing Annual accounts filed
fiscal year 2024 · volledig
12-06-2025
State Gazette act Director changes
2024
03-07-2024
NBB filing Annual accounts filed
fiscal year 2023 · volledig
04-01-2024
State Gazette act Registered-office change
2023
27-09-2023
NBB filing Annual accounts filed
fiscal year 2022 · volledig
11-01-2023
State Gazette act Director changes
2022
13-05-2022
NBB filing Annual accounts filed
fiscal year 2021 · volledig
2021
11-08-2021
NBB filing Annual accounts filed
fiscal year 2020 · volledig
2020
23-09-2020
NBB filing Annual accounts filed
fiscal year 2019 · volledig
2019
03-06-2019
NBB filing Annual accounts filed
fiscal year 2018 · volledig
2018
20-07-2018
NBB filing Annual accounts filed
fiscal year 2017 · volledig
2017
28-07-2017
NBB filing Annual accounts filed
fiscal year 2016 · volledig
2016
31-03-2016
NBB filing Annual accounts filed
fiscal year 2015 · volledig
Belgisch Staatsblad, acts 3 acts
Address history · 1
04-01-2024
Registered-office move
All acts · 3 updated 1 year ago
2025
12-06-2025 Inaê Da Cruz Miguel resigns as déléguée à la gestion journalière Director changes
  • Inaê Da Cruz Miguel, Déléguée à la gestion journalière
Technical details 
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      "role": "d\u00E9l\u00E9gu\u00E9e \u00E0 la gestion journali\u00E8re",
      "person": {
        "rrn": "97.12.20-550.01",
        "name": "Ina\u00EA Da Cruz Miguel",
        "address": "43 Rue Jacques Jansen \u00E0 1030 Schaerbeek",
        "birth_date": "1997-12-20",
        "profession": null,
        "birth_place": "Saint-S\u00E9bastien-sur-Loire"
      },
      "reason": null,
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      "statutory": "statutair",
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    "office_city": "Brielles",
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  },
  "act_meta": {
    "language": "fr",
    "pub_date": "2025-06-12",
    "filing_date": "2025-06-04",
    "act_kind_objet": "Objet de l\u0027acte:"
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  "decisions": [
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      "date": "2025-05-08",
      "unanimous": null
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    "name_full": "Zig Zag",
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  "co_filed_documents": [],
  "corrected_publication_numac": null
}
2024
04-01-2024 Registered office moved to Schaerbeek Registered-office change
  • Avenue Monplaisir 77, 1030 Schaerbeek
Technical details 
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      "kind": "zetel_transfer",
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      "new_address": {
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        "street": "Avenue Monplaisir",
        "country": "BE",
        "postcode": "1030",
        "box_number": null,
        "street_number": "77",
        "locality_suffix": null
      },
      "old_address": null,
      "effective_date": "2023-12-13",
      "evidence_quote": "L\u0027assembl\u00E9e g\u00E9n\u00E9rale r\u00E9uni.e ce 13/12/23 a d\u00E9cid\u00E9 de transf\u00E9rer le si\u00E8ge social \u00E0 l\u0027adresse suivante: Avenue Monplaisir 77, 1030 Schaerbeek.",
      "region_changed": false,
      "is_statute_change": true,
      "nationality_change": false,
      "old_address_source": "inferred",
      "statute_clause_text": null,
      "statute_article_number": null,
      "effective_date_qualifier": "absolute",
      "statutaire_vs_werkelijke": "statutaire",
      "linguistic_region_changed": false,
      "court_jurisdiction_changed": false,
      "effective_date_is_approximate": false
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  ],
  "notary": {
    "name": null,
    "firm_city": null,
    "firm_name": null,
    "office_city": "Bruxelles",
    "is_associated": false
  },
  "act_meta": {
    "language": "mixed",
    "pub_date": "2024-01-04",
    "filing_date": "2023-12-26",
    "act_kind_objet": "Objet de l\u0027acte:"
  },
  "decision": {
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    "date": "2023-12-13",
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  },
  "subject_company": {
    "kbo": "0433.818.246",
    "name_full": "Zig Zag",
    "legal_form": "ASBL"
  },
  "publication_proxy": {
    "kind": "person",
    "org_kbo": null,
    "org_name": null,
    "person_name": "Patrick Matthys",
    "org_rep_person_name": null,
    "person_role_at_subject": "Administrateur"
  },
  "co_filed_documents": []
}
2023
11-01-2023 7 directors appointed Director changes
  • Samy Wallens, Directeur
  • Samy Wallens, Dagelijks bestuur
  • Sarah Gaublomme, Dagelijks bestuur
  • Dennis Corbesier, Dagelijks bestuur
  • Patrick Wallens, Dagelijks bestuur
  • Marc Demey, Dagelijks bestuur
  • Marie- Sophie le Maire, Dagelijks bestuur
Technical details 
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    {
      "kind": "director_in",
      "role": "directeur",
      "person": {
        "rrn": "90.12.20-431.70",
        "name": "Samy Wallens",
        "address": "rue L\u00E9on Lepage 55 \u00E0 1000 Bruxelles",
        "birth_date": "1990-12-20",
        "profession": null,
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      "decharge_status": null,
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        "name": "Samy Wallens",
        "address": "rue L\u00E9on Lepage, 55 \u00E0 1000 Bruxelles",
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      "decharge_status": null,
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      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
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    {
      "kind": "delegation_dagelijks_bestuur_in",
      "role": "dagelijks_bestuur",
      "person": {
        "rrn": null,
        "name": "Sarah Gaublomme",
        "address": "rue de Rome 13 \u00E0 1060 St Gilles",
        "birth_date": "1974-11-04",
        "profession": null,
        "birth_place": null
      },
      "reason": null,
      "subkind": "regular",
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      "decharge_status": null,
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      "rep_rotation_new_rep": null,
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    {
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      "role": "dagelijks_bestuur",
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        "rrn": null,
        "name": "Dennis Corbesier",
        "address": "rue Dansaert 122.1 \u00E0 1000 Bruxelles",
        "birth_date": "1985-12-01",
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        "rrn": null,
        "name": "Patrick Wallens",
        "address": "Koedaalstraat 61 \u00E0 1560 Hoeilaart",
        "birth_date": "1958-12-04",
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        "name": "Marc Demey",
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        "name": "Marie- Sophie le Maire",
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        "birth_date": "1990-09-04",
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  "act_meta": {
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}
Credit advice verdict per customer and amount

Should this customer buy amount X on invoice? Enter the amount and payment terms, you get an instant GREEN/AMBER/RED verdict, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
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Company registry (CBE) Crossroads Bank
Activities
Gespecialiseerde beeld-, verlichtings- en geluidstechnieken90023Gespecialiseerde beeld-, verlichtings- en geluidstechnieken90393Diensten verwant aan de scheppende en uitvoerende kunst92313Overig amusement, n.e.g.92340Overige recreatie- en ontspanningsactiviteiten, n.e.g.93299Overige recreatie- en ontspanningsactiviteiten, neg93299
Primary activity highlighted.
Names & trade names
Legal nameFR Zig Zag
Registered office
Monplaisirlaan 77 bus 2
1030 Schaarbeek, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative