ZOVASTAR

Active

Limited partnershipfounded 20197 yrs activeSmidstraat 38, 3370 Boutersem, BelgiumKBO/BCE: BE 0734.754.907

Summary

The computed 12-month bankruptcy probability of ZOVASTAR is 6.8% (elevated). The 2024 annual accounts show negative equity (-€1,615) and a net result of -€1,512. The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.

Risk analysisWatch Report Compare

ZOVASTARActiveChecked score 32/100

Risk analysis Report Compare

Activity

Activity not known

Size

€5,453turnover 2024

Equity: -€1,615
Loss: -€1,512

Financial health

32 Weak Checked score 2024

Bankruptcy chance 12 m: 6.8%

Structure

Accounts filed 61 d late0 of 1 deed read

Why 32- Figures for FY 2024 (filed 30-09-2025)- No main activity registered- No establishment unit in the KBO+ Size: turnover €5,453, total assets €5,945Show the evidence

Checked score

Score 2024

32 / 100

Weak

Probability in this band: 4.2% to 15.0%

Better than 11% of its sector peers (no NACE code, micro)

Performance against the sector, not lower risk

Every signal that weighs is under Signals.

Financial strength

Weak

Solvency 0

equity -27.2% of total assets

Liquidity 43

short-term debt 118.3% · cash 34.1%

Profitability 0

return on assets -25.4%

Bankruptcy probability, 12 months

6.8% Elevated

0%0.5%1.5%4%10%≥ 25%

About 7 in 100 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 11-2024: 3.7% 12-2024: 3.5%▼ -6.7% vs 11-2024 01-2025: 3.3%▼ -5.3% vs 12-2024 02-2025: 3.3%● 0.0% vs 01-2025 03-2025: 3.3%● 0.0% vs 02-2025 04-2025: 3.3%● 0.0% vs 03-2025 05-2025: 3.1%▼ -6.8% vs 04-2025 06-2025: 3.1%● 0.0% vs 05-2025 07-2025: 3.1%● 0.0% vs 06-2025 08-2025: 3.1%● 0.0% vs 07-2025 09-2025: 2.7%▼ -12.2% vs 08-2025lowest value 10-2025: 3.4%▲ +25.5% vs 09-2025 11-2025: 3.4%● 0.0% vs 10-2025 12-2025: 3.3%▼ -3.4% vs 11-2025 01-2026: 3.4%▲ +2.0% vs 12-2025 02-2026: 3.4%▲ +0.7% vs 01-2026 03-2026: 3.4%▲ +2.0% vs 02-2026 04-2026: 3.6%▲ +5.0% vs 03-2026 05-2026: 3.6%▲ +0.5% vs 04-2026 06-2026: 3.5%▼ -4.9% vs 05-2026 07-2026: 3.5%▲ +2.3% vs 06-2026 08-2026: 3.9%▲ +11.0% vs 07-2026 09-2026: 4.3%▲ +10.2% vs 08-2026 10-2026: 6.8%▲ +56.6% vs 09-2026highest value

Size: turnover €5,453, total assets €5,945 lowers the probability for this profile
Figures for FY 2024 (filed 30-09-2025) raises the probability
No main activity registered raises the probability
No establishment unit in the KBO raises the probability

No credit on open account

Liquidity short (current ratio 0.29; short-term debt: 118.3% and cash: 34.1% of total assets), and equity is negative.

How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (no NACE code, micro). Better than this share of them on solvency 5%, liquidity 25%, profitability 4%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 05-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

Credit check for your own amount and term

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Signals

Six signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Size: turnover €5,453, total assets €5,945

In the bankruptcy model this factor lowers the probability for this profile.

NBB · annual accounts

Figures for FY 2024 (filed 30-09-2025)

In the bankruptcy model this factor raises the probability.

NBB · annual accounts

No main activity registered

In the bankruptcy model this factor raises the probability.

KBO

No establishment unit in the KBO

In the bankruptcy model this factor raises the probability.

KBO · seat and establishments

Negative equity

The 2024 annual accounts show negative equity and a net loss.

NBB · annual accounts 2024

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 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 · 1 filing

Deviation from the deadline

2024

61 d late

← before the deadline after the deadline →

tick = median of all Belgian filings

This company filed its 2024 accounts 61 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (1)

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage