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ZIKMAK

Active
Private limited companyfounded 2023active for 3 yearsRooseveltlaan (Franklin) 124, 1800 Vilvoorde, BelgiumKBO/BCE: BE 0803.305.795
Summary

The computed 12-month bankruptcy probability of ZIKMAK is 3.2% (moderate). The 2024 annual accounts show equity of €28,449 and a net result of €33,449. Its solvency ranks better than 45% of 2,050 sector peers (NACE 10, financial year 2024). The company has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals.

Financials · financial year 2024, micro format

2024 annual accounts filed late (31 days) Filed on 31 August 2025, deadline 31 July 2025 (7 months after the close on 31 December 2024, Companies Code art. 3:10). Source: NBB, 2025-00481315.

Turnover
≈ €380,000
Estimated: probably between €250,000 and €590,000
Total assets
€108,687
Net result
€33,449
Working capital
-€6,767

Turnover and EBIT margin not published: the micro format does not require them. The turnover shown is an estimate from the gross margin.

Balance-sheet composition
Assets €108,687
Fixed assets €35,216
Current assets €73,471
Equity and liabilities €108,687
Equity €28,449
Debt €80,238
Debt finances 73.8% of the balance-sheet total.
Key figures and ratios
2024 value
EBITDA
€77,800
Cash flow
€68,530
Current ratio
0.92
Debt to equity
2.82
ROE
117.6%
ROA
30.8%
Interest coverage
over 100
Debt ≤ 1 year
€80,238
Income taxes
€9,023
Staff costs
€68,641

Peer companies

Historical observation

Of the 7,976 companies that looked in July 2024 the way this one looks now, 3.6% went bankrupt within 24 months and 94.4% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 10 to 30%
  • a profit of 5% of the balance sheet or more
3.6% went bankrupt
1.8% stopped otherwise
94.4% still going

A further 0.3% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 3.2% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 0.9%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 7,976 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
Filed annual accounts As filed with the NBB · 2024 · 37 lines
Balance sheet Code2024
Assets
Total assets20/58€108,687
Fixed assets21/28€35,216
Tangible fixed assets22/27€35,216
Plant, machinery and equipment23€35,216
Current assets29/58€73,471
Amounts receivable within one year40/41€3,375
Other amounts receivable41€3,375
Cash at bank and in hand54/58€69,538
Deferred charges and accrued income490/1€557
Equity and liabilities
Total equity and liabilities10/49€108,687
Equity10/15€28,449
Contributions10/11€10,000
Profit (loss) carried forward14€18,449
Amounts payable17/49€80,238
Amounts payable within one year42/48€80,238
Trade debts44€11,745
Suppliers440/4€11,745
Taxes, remuneration and social security45€9,408
Taxes450/3€9,057
Remuneration and social security454/9€351
Other amounts payable47/48€59,085
Income statement Code2024
Remuneration, social security and pensions62€68,641
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€35,081
Other operating charges640/8€5,971
Gross operating margin9900€152,413
Operating profit (loss)9901€42,719
Financial income75/76B€1
Recurring financial income75€1
Financial charges65/66B€248
Recurring financial charges65€248
Profit (loss) for the period before taxes9903€42,472
Income taxes67/77€9,023
Profit (loss) for the period9904€33,449
Profit (loss) for the period to be appropriated9905€33,449
Appropriation of the result
Profit (loss) to be appropriated9906€33,449
Profit to be distributed694/7€15,000
Directors or managers695€15,000

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2024
Remuneration, social security and pensions62€68,641
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€35,081
Other operating charges640/8€5,971
Gross operating margin9900€152,413
Operating profit (loss)9901€42,719
Financial income75/76B€1
Recurring financial income75€1
Financial charges65/66B€248
Recurring financial charges65€248
Profit (loss) for the period before taxes9903€42,472
Income taxes67/77€9,023
Profit (loss) for the period9904€33,449
Profit (loss) for the period to be appropriated9905€33,449
Line2024
Assets
Total assets20/58€108,687
Fixed assets21/28€35,216
Tangible fixed assets22/27€35,216
Plant, machinery and equipment23€35,216
Current assets29/58€73,471
Amounts receivable within one year40/41€3,375
Other amounts receivable41€3,375
Cash at bank and in hand54/58€69,538
Deferred charges and accrued income490/1€557
Equity and liabilities
Total equity and liabilities10/49€108,687
Equity10/15€28,449
Contributions10/11€10,000
Profit (loss) carried forward14€18,449
Amounts payable17/49€80,238
Amounts payable within one year42/48€80,238
Trade debts44€11,745
Suppliers440/4€11,745
Taxes, remuneration and social security45€9,408
Taxes450/3€9,057
Remuneration and social security454/9€351
Other amounts payable47/48€59,085
Line2024
Profit (loss) for the period9904€33,449
+ Depreciation and write-downs630€35,081
Operating cash flow (approximation)€68,530

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Filings with the National Bank (1)
Financial year Type Filed Reference
31-12-2024 micro format 31-08-2025 2025-00481315

Similar companies · same sector, comparable size

Of the 4,180 active companies whose main activity is artisanal bread and fresh pastry making (NACE 10712), figures are known for 1,927. 1,438 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.