ZUGOE
ActiveThe computed 12-month bankruptcy probability of ZUGOE is 4.6% (elevated). The 2025 annual accounts show equity of €121k and a net result of €10k. Equity remains stable across the filed fiscal years (±1.5% per year). Its solvency ranks better than 39% of 13044 sector peers (fiscal year 2025). The company has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability41▲+41
Solvency19▼-1
Growth52=
Stability100
Bankruptcy probability, 12 months
4.6%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity short (current ratio 0.81 against 0.87 in 2024), and 81.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight 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
18.1%
Return on assets
1.5%
Age of the figures
8 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
42 d early
2023
33 d late
2022
24 d early
2021
24 d late
2020
314 d late
2019
98 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
13-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€121k▲ 8.9%
2024 · €111k
2018: €84k
2019: €113k
2020: €117k
2021: €136k
2022: €134k
2023: €117k
2024: €111k
2018 → 2025
Total assets
€670k▲ 4.5%
2024 · €642k
2018: €351k
2019: €351k
2020: €312k
2021: €339k
2022: €344k
2023: €552k
2024: €642k
2018 → 2025
Net result
€10k
2024 · €-5k
2018: €24k
2019: €29k
2020: €4k
2021: €19k
2022: €-1k
2023: €-18k
2024: €-5k
2018 → 2025
Working capital
€-32k▼ 95.4%
2024 · €-17k
2018: €33k
2019: €63k
2020: €71k
2021: €93k
2022: €75k
2023: €64k
2024: €-17k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€136k-€134k▼ 0.9%€117k▼ 13.3%€111k▼ 4.6%€121k▲ 8.9%
Operating result€30k-€10k▼ 66.7%€-3k€17k€32k▲ 88.9%
Net result€19k-€-1k€-18k▼ 1,392%€-5k▲ 70.0%€10k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 89% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €670k
Fixed assets
€532k▲ 1.3%
Current assets
€138k▲ 19.1%
Equity and liabilities €670k
Equity
€121k▲ 8.9%
Debt
€549k▲ 3.6%
The debt ratio falls from 82.7% to 81.9%: equity grows faster than debt.
Key figures and ratios
EBITDA
€68k▲
2024 · €53k
Cash flow
€46k▲
2024 · €31k
Solvency
18.1%▲
2024 · 17.3%
Current ratio
0.81▼
2024 · 0.87
Quick ratio
0.61▲
2024 · 0.57
Debt / equity
4.54▼
2024 · 4.77
ROE
8.2%▲
2024 · -4.8%
ROA
1.5%▲
2024 · -0.8%
Interest coverage
3.14▲
2024 · 2.43
Debt
€549k▲
2024 · €530k
Debt ≤ 1 year
€171k▲
2024 · €133k
Debt > 1 year
€379k▼
2024 · €398k
Income taxes
€647▼
2024 · €652
Staff costs
€234k▲
2024 · €207k
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€642k€670k▲
Fixed assets21/28€525k€532k▲
Tangible fixed assets22/27€522k€528k▲
Land and buildings22€479k€464k▼
Plant, machinery and equipment23€36k€60k▲
Furniture and vehicles24€7k€4k▼
Financial fixed assets28€4k€4k=
Current assets29/58€116k€138k▲
Stocks and contracts in progress3€40k€35k▼
Stocks30/36€40k€35k▼
Amounts receivable within one year40/41€17k€30k▲
Trade receivables40€13k€21k▲
Other amounts receivable41€4k€9k▲
Current investments50/53€22€13▼
Cash at bank and in hand54/58€59k€74k▲
Equity and liabilities
Total equity and liabilities10/49€642k€670k▲
Equity10/15€111k€121k▲
Contributions10/11€6k€6k=
Reserves13€122k€122k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€120k€120k=
Profit (loss) carried forward14€-17k€-7k▲
Amounts payable17/49€530k€549k▲
Amounts payable after more than one year17€398k€379k▼
Financial debts170/4€398k€379k▼
Amounts payable within one year42/48€133k€171k▲
Current portion of amounts payable after more than one year42€23k€29k▲
Financial debts43-€594
Credit institutions430/8-€594
Trade debts44€36k€53k▲
Suppliers440/4€36k€53k▲
Taxes, remuneration and social security45€54k€65k▲
Taxes450/3€26k€26k▲
Remuneration and social security454/9€28k€39k▲
Other amounts payable47/48€20k€23k▲
Income statement
Code20242025
Remuneration, social security and pensions62€207k€234k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€36k€36k▼
Other operating charges640/8€1k€4k▲
Gross operating margin9900€262k€306k▲
Operating profit (loss)9901€17k€32k▲
Financial income75/76B€280€23▼
Recurring financial income75€280€23▼
Financial charges65/66B€22k€22k▼
Recurring financial charges65€22k€22k▼
Profit (loss) for the period before taxes9903€-5k€11k▲
Income taxes67/77€652€647▼
Profit (loss) for the period9904€-5k€10k▲
Profit (loss) for the period to be appropriated9905€-5k€10k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-17k€-7k▲
Profit (loss) brought forward from the previous period14P€-12k€-17k▼
The notes to these accounts (7 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
31-12
Financial
Back to profitnet €10k
Net result €10k after 3 loss-making years.
19-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
02-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 33 days late
2023
31-12
Financial
Weakest financial yearnet €-18k
Net result drops to €-18k, the lowest in the series; recovery starts the following year.
07-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
24-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 24 days late
10-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 314 days late
2020
06-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 98 days late
2019
31-12
Financial
Highest result since 2018net €29k ▲17.4%
Operating result €47k, net result €29k, both a record.
31-12
Financial
Equity above €100kEq €113k ▲33.8%
2 profitable years in a row build equity to €113k.
31-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 92 days late
2018
21-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 52 days late
2017
26-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 57 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
under verification, no change since 2023
This board is reconstructed from a single act (23310978). A Gazette act generally publishes only CHANGES, not a full roll call, so directors unchanged since then may be missing here. The KBO register holds the complete list of function holders.
Deroo, Lukas Mathias
CurrentDirector (executive) · since 03-02-2023
Deroo, Marc
CurrentDirector (executive) · since 03-02-2023
Kiekens, Manu
CurrentDirector (executive) · since 03-02-2023
03-02-2023
Deroo, Lukas Mathias: Resigned as Director (executive)
03-02-2023
Deroo, Lukas Mathias: Appointed as Director (executive)
03-02-2023
Deroo, Marc: Resigned as Director (executive)
03-02-2023
Deroo, Marc: Appointed as Director (executive)
03-02-2023
Kiekens, Manu: Resigned as Director (executive)
03-02-2023
Kiekens, Manu: Appointed as Director (executive)
03-02-2023
Deroo , Marie-Charlotte: Resigned as Director (executive)
03-02-2023
Lammertyn, Marise Noëlla: Resigned as Director (executive)
Location & real-estate footprint
Registered office, Brussel · 4 establishment units since 2012
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.
Lakensestraat 791000 BrusselGround area
5,167 m²
Building footprint
990 m²
Volume, LiDAR
7,615 m³
4 parcels, Brussels, Flanders · tallest building 23.6 m, ±7 floors. Linked by address, not a title deed.
4 establishment units
ZUGOE
since 20122.206.013.887
Acacia Decors
since 20162.253.301.684
Traiteur Zugoe
since 20232.342.810.712
ZUGOE
since 20262.384.510.913
4 parcels
Flanders
3
(75%)
Brussels
1
(25%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23093B0258/00F000 | Flanders | 3,242 m² | 1 · 384 m² | 8.9 m · 2 fl. |
| 21812N0769/00D000 | Brussels | 1,359 m² | 1 · 208 m² | 23.6 m · 7 fl. |
| 23025I0283/00F004 | Flanders | 434 m² | 1 · 265 m² | 11.7 m · 1 fl. |
| 23402D0393/00B004 | Flanders | 132 m² | 1 · 133 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 3
4 of 4 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 1,000 EUR awarded · 1,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,000 EUR | 1,000 EUR |
Schemes
Premie kwalificerend werkplekleren
Recognitions · licences · registrations
Food safety, FASFC
2 sitesBrussel2.206.013.887
Meise2.384.510.913
Dual-learning approval
2 live approvals · 7 endedKeukenmedewerker (vwo)
Keukenmedewerker duaal (so)
Similar companies · same sector, comparable size
TIMDEL
BE 0433.363.138
Bierbeek · Eq €121k
BRASSERIE RAYMOND
BE 0891.490.574
Brugge · Eq €121k
UGLY DUCKLING
BE 0741.758.604
Knokke-Heist · Eq €121k
R.V.H.
BE 0842.268.024
Ath · Eq €121k
WORLD KITCHEN Kessel-Lo
BE 0741.383.569
Leuven · Eq €121k
Of 20,234 companies in sector 56111 we hold annual accounts for 11,310. 9,242 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded22-12-2011
Fiscal year end31-12
Activities, NACEBEL
56101Full-service restaurants
56111Full-service restaurants
56301Cafés and bars
56210Event catering
Sources
Crossroads Bank for EnterprisesNational Bank · 14 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.