Turnover
≈ €230,000 estimated
The micro format states no turnover.
ZORBA
Lifetime
20 annual accounts with figures on one time axis, 23 filings since 2003peak €45,156 (2020)
€21,500▼ 45.0%
lowest -€9,944 (2025)
-€9,944▼ €16,361
peak €78,614 (2024)
€68,670▼ 12.6%
€9,426▼ 70.7%
peak 1.6 FTE (2011)
-not published
Board1 name since 2020
1 directorLazarakis Dimitrios
Documentsfilings and deeds
28-07-20263 days before the deadline
2025micro format
Gross margin from €39,113 to €21,500Loss of €9,944Equity from €78,614 to €68,670Debts from €32,209 to €9,426Cash from €72,189 to €16,216
Key points
from the 2025 annual accountsLiquidity
6.79 was 2.70 in 2024
Short-term debts fell from €32,209 to €9,426.
Position in the sector
87.9%
Higher solvency than 95% of companies in food and beverage service. Sector median 29.5% · 17,162 companies.
Checked score
71
Healthy
Financially stronger than 55% of micro companies in food and beverage service (NACE 56)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.8% across 23,791 companies (NACE 56, micro).
About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%
01-2025: 0.2%● unchanged vs 12-2024
02-2025: 0.2%● unchanged vs 01-2025
03-2025: 0.2%● unchanged vs 02-2025
04-2025: 0.2%● unchanged vs 03-2025
05-2025: 0.2%● unchanged vs 04-2025
06-2025: 0.2%● unchanged vs 05-2025
07-2025: 0.2%● unchanged vs 06-2025
08-2025: 0.1%▼ -0.1 percentage points vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026lowest value
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.6%▲ +0.5 percentage points vs 07-2026highest value
09-2026: 0.6%● unchanged vs 08-2026highest value
10-2026: 0.6%● unchanged vs 09-2026highest value
11-2026: 0.6%● unchanged vs 10-2026highest value
Financial strengthStrong
Score breakdown
raises risk
Sector: Food and beverage service activities (NACE 56)
Loss of €9,944 (financial year 2025)
lowers risk
Liquidity: current ratio 6.79, cash €16,216, halved
Founded in 2002
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 56, micro). It does better than 94% of them on solvency, 78% on liquidity, 19% on profitability and 29% on growth.
The bankruptcy probability was computed on 10-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 5,831 companies had the same profile as ZORBA has now. Each dot stands for 15 companies, two years later.
84.5%
were still trading
13.4%
stopped another way
1.7%
went bankrupt
Another 0.4% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of ZORBA itself: 0.6% within 12 months.
Test of the method
The method was tested on the 497,448 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 5,831 companies, not a prediction for ZORBA. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €4,500 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 6.79 (2.7 in 2024), above the usual 1.5. Short-term debt is 12.1% and cash 20.8% of total assets. 12.1% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 · 10 filingsDeviation from the deadline
2025
3 days early
2024
27 days early
2023
5 days early
2022
7 days early
2021
3 days late
2020
9 days early
2019
4 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 6 days before the deadline. In the sector (NACE 56), the median for financial year 2024 was 7 days after the deadline, and 53% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 27 July (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0477011653
First establishment
RESTAURANT ACROPOLIS, Albert I-Promenade 3, Ostend
Incorporation
published on 16-03-2002 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| ZORBA Ostend | €78,096 | €21,500 | 87.9% | - |
| TUSSENSTOP Bruges | €77,443 | €17,593 | 67.0% | - |
| CLUYSSEN - POORTMANS Balen | €80,753 | €20,836 | 80.0% | - |
| Tastea Woluwe-Saint-Lambert | €86,532 | €24,119 | -114.3% | - |
| FLEURACKERS Duffel | €93,209 | €19,826 | 1.1% | - |
| COLPAERT - LEFEBVRE Wervik | €74,265 | €24,173 | 10.5% | - |
| FADOS Gistel | €89,553 | €22,265 | 91.3% | - |
These companies have the same main activity as ZORBA: full-service restaurants (NACE 56111). They are comparable in size and age: total assets between €74,300 and €93,200, founded between 1995 and 2002.
Official details
Source: KBO- Status
- Active since 04-03-2002Normal situation
- Activity
- Full-service restaurantsNACE 56111
- Establishment unit
- 2.095.852.2748400 Ostend, since 11-04-2002
- Financial year end
- 31 December
- Peppol
- Reachable since 11-12-2025
Annual accounts 2025
- €78,096▼ 29.5%
- Filing
- Filed on 28-07-2026, 3 days before the end of the filing period
Insights on ZORBA
ZORBA files the micro format. That format states no turnover. The gross margin rose from €16,636 in 2006 to €21,500 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about ZORBA
- What is the company number of ZORBA?
- The company number of ZORBA is 0477.011.653. The VAT number is the same number with BE in front: BE 0477.011.653.
- Where is ZORBA based?
- The registered office is at Albert I-Promenade 3, 8400 Ostend.Company details
- What does ZORBA do?
- According to the KBO register, the main activity is full-service restaurants (NACE 56111).
- What is the legal form of ZORBA?
- ZORBA is a private limited company (pre-2019) (BVBA).
- When was ZORBA founded?
- ZORBA was founded on 04-03-2002.
- Is ZORBA still active?
- Yes, ZORBA is an active enterprise in the KBO register.
- What is the turnover of ZORBA?
- The turnover in financial year 2025 is ≈ €230,000. This figure is estimated from the gross margin of €21,500 and 89 comparable companies (NACE 56111). It probably lies between €110,000 and €460,000. It is a rough estimate.Financials
- Is ZORBA profitable?
- In financial year 2025, ZORBA made a loss of €9,944.
- Where can I find the annual accounts of ZORBA?
- ZORBA filed 23 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of ZORBA due?
- ZORBA must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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