Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 18 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
ZAM from Genappe, company number BE0477597415, closed financial year 2025 with a result of € -48,057 after tax. For that financial year ZAM recorded a gross margin of € 87,155 and equity of € 885,753. Compared with financial year 2024, the result moved from € 303,101 to € -48,057. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 27, 2026.
€ 885,753
▼ 5% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -48,057
▼ still € 303,101 profit in 2024
Profit after tax over the fiscal year.
€ 30,145
▼ 93% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 785,753.
People and assets in 2025
€ 6,498
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 9,207
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 1.5 million
▲ 31% vs 2024
€ 211,946 is repaid this year. At this pace the long-term loan is gone in ≈ 6 years.
€ 69,523
▲ 34% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 58,846
▼ 45% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 156,778 | € 243,311 | € 551,425 | € 87,155 | ▼ 84% |
| Profit after taxes | € 13,527 | € 100,213 | € 303,101 | € -48,057 | ▼ € 351,157 |
| Equity | € 530,496 | € 630,709 | € 933,810 | € 885,753 | ▼ 5% |
| Total debts | € 2,122,259 | € 1,934,473 | € 1,701,002 | € 1,944,694 | ▲ 14% |
| Cash | € 354,567 | € 269,328 | € 439,795 | € 30,145 | ▼ 93% |
| Land & buildings | € 2,317,390 | € 2,339,310 | € 2,192,639 | € 2,765,225 | ▲ 26% |
| Retained profit | € 430,496 | € 530,709 | € 833,810 | € 785,753 | ▼ 6% |
| Bank debt | € 1,507,036 | € 1,372,674 | € 1,123,252 | € 1,468,832 | ▲ 31% |
| Balance sheet total | € 2,820,605 | € 2,726,503 | € 2,790,181 | € 2,979,941 | ▲ 7% |
Key figures of ZAM, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to ZAM?
What happened at ZAM in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 48,057 (▼ € 351,157 vs 2024). Source: NBB ↗
- Zamouri ZARRAA became a director. NBB
- New establishment in Genappe. KBO
- Start of the company according to the CBE. KBO
In short
From € 13,527 profit in 2022 to € 48,057 loss in 2025.
Paid € 109,487 in corporate taxes since 2022.
Best year ever: 2024, with € 303,101 profit.
Management
Behind ZAM is Zamouri ZARRAA. Zamouri ZARRAA is also behind ZARRAA CONSTRUCT.
Directors
According to the 2025 annual accounts
since 2005
Establishments
Establishment units
Physical locations of this company
Chaussée de Charleroi 60
1470 Genappe
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0477.597.415
- VAT number
- BE 0477.597.415
- Registered office
- Chaussée de Charleroi 60, 1470 Genappe
- Names & denominations
- ZAM
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 27 May 2002
- Peppol
- Active · Active since 8 Jan 2026
- Activities · NACE
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen