ZAR
ActiveThe annual accounts of ZAR for fiscal year 2024 show a net loss of 78% of total assets and of 53% of the equity at the start of that year. The 2024 annual accounts show equity of €41k and a net result of €-46k. Equity is growing by ~15.9% per year across the filed fiscal years. Its solvency ranks better than 63% of 37959 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
59
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. A net loss of at least half of total assets or of the equity at the start of the financial year caps the score. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0▼-70
Solvency95▼-5
Growth52=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity ample (current ratio 2.9 against 4.97 in 2023; short-term debt: 30.3% of total assets), and 30.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
69.7%
Return on assets
-77.9%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 11-10-2025, 72 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 · 5 filingsDeviation from the deadline
2025
not confirmed
2024
72 d late
2023
68 d late
2022
132 d late
2021
31 d late
2020
25 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€41k▼ 52.8%
2023 · €86k
2020: €24k
2021: €63k
2022: €85k
2023: €86k
2020 → 2024
Total assets
€59k▼ 44.7%
2023 · €106k
2020: €40k
2021: €107k
2022: €126k
2023: €106k
2020 → 2024
Net result
€-46k
2023 · €1k
2020: €14k
2021: €39k
2022: €23k
2023: €1k
2020 → 2024
Working capital
€34k▼ 55.3%
2023 · €76k
2020: €24k
2021: €52k
2022: €66k
2023: €76k
2020 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€24k-€63k▲ 163%€85k▲ 36.0%€86k▲ 1.4%€41k▼ 52.8%
Operating result€20k-€56k▲ 187%€34k▼ 40.1%€2k▼ 94.2%€-45k
Net result€14k-€39k▲ 180%€23k▼ 41.9%€1k▼ 94.7%€-46k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €45k after €2k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €59k
Fixed assets
€7k▼ 38.1%
Current assets
€52k▼ 45.5%
Equity and liabilities €59k
Equity
€41k▼ 52.8%
Debt
€18k▼ 9.0%
The debt ratio rises from 18.4% to 30.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-41k▼
2023 · €6k
Cash flow
€-41k▼
2023 · €6k
Solvency
69.7%▼
2023 · 81.6%
Current ratio
2.90▼
2023 · 4.97
Quick ratio
2.90▼
2023 · 4.97
Debt / equity
0.43▲
2023 · 0.23
ROE
-111.7%▼
2023 · 1.4%
ROA
-77.9%▼
2023 · 1.1%
Interest coverage
-20.32▼
2023 · 12.21
Debt
€18k▼
2023 · €20k
Debt ≤ 1 year
€18k▼
2023 · €19k
Income taxes
€341▼
2023 · €1k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€106k€59k▼
Fixed assets21/28€11k€7k▼
Tangible fixed assets22/27€11k€7k▼
Furniture and vehicles24€11k€7k▼
Current assets29/58€95k€52k▼
Amounts receivable within one year40/41€56k€52k▼
Trade receivables40€30k€1k▼
Other amounts receivable41€26k€50k▲
Cash at bank and in hand54/58€37k-
Deferred charges and accrued income490/1€789-
Equity and liabilities
Total equity and liabilities10/49€106k€59k▼
Equity10/15€86k€41k▼
Contributions10/11€10k€10k=
Reserves13€76k€76k=
Distributable reserves133€76k€76k=
Profit (loss) carried forward14-€-46k
Amounts payable17/49€20k€18k▼
Amounts payable within one year42/48€19k€18k▼
Financial debts43-€0
Credit institutions430/8-€0
Trade debts44€6k€16k▲
Suppliers440/4€6k€16k▲
Taxes, remuneration and social security45€13k€2k▼
Taxes450/3€13k€2k▼
Accrued charges and deferred income492/3€459€0▼
Income statement
Code20232024
Non-recurring operating income76A€12k-
Remuneration, social security and pensions62€404-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€4k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€9k
Other operating charges640/8€2k€2k▲
Gross operating margin9900€9k€-30k▼
Operating profit (loss)9901€2k€-45k▼
Financial income75/76B€1k€2k▲
Recurring financial income75€1k€2k▲
Financial charges65/66B€516€2k▲
Recurring financial charges65€516€2k▲
Profit (loss) for the period before taxes9903€3k€-45k▼
Income taxes67/77€1k€341▼
Profit (loss) for the period9904€1k€-46k▼
Profit (loss) for the period to be appropriated9905€1k€-46k▼
Appropriation of the result
Profit (loss) to be appropriated9906€1k€-46k▼
Transfer to equity691/2€1k-
To other reserves6921€1k-
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
11-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 72 days late
2024
31-12
Financial
Weakest financial yearnet €-46k ▼3910%
Net result drops to €-46k, the lowest in the series.
07-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 68 days late
2023
10-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 132 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Highest result since 2020net €39k ▲180%
Operating result €56k, net result €39k, both a record.
25-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 25 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Amay · 1 establishment unit since 2020
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.
Rue du Saule Gaillard(Jeh) 884540 AmayGround area
865 m²
Building footprint
102 m²
Volume, LiDAR
699 m³
Parcel 61022B0764/00G000, Wallonia · tallest building 8.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
L'activité de consultance
since 20202.304.667.540
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 61022B0764/00G000 | Wallonia | 865 m² | 1 · 102 m² | 8.2 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 82,570 companies in sector 70200 we hold annual accounts for 52,573. 36,841 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded18-02-2020
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.