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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Negative equity NBB
More debt than assets in 2 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2023 and 2024.
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Tight liquidity NBB
Cash and receivables cover 16 % of short-term debt in 2024; threshold 65 %.
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Late annual account NBB
Fiscal year 2024 was filed 214 days after the legal deadline.
Financials
Financial year 2024
Asian Relax Cult from Gent, company number BE0664689728, closed financial year 2024 with a result of € -28,700 after tax. For that financial year Asian Relax Cult recorded revenue of € 67,307 and equity of € -36,093. Compared with financial year 2023, the result moved from € -47,826 to € -28,700. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on March 2, 2026.
€ -36,093
▼ € 28,700 vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -28,700
▲ 40 % less loss than in 2023
Profit after tax over the fiscal year.
€ 7,195
▼ 19% vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -42,293.
People and assets in 2024
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 26,000
▲ 80% vs 2023
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 14,004
Book value of vehicles, furniture and equipment.
Debts at end 2024
€ 12,824
Loans from banks and other lenders, long and short.
€ 6,577
▲ € 5,864 vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 37,891
▲ 47% vs 2023
Taxes, VAT and social contributions still to pay.
| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Revenue | - | - | € 74,490 | € 67,307 | ▼ 10% |
| Gross margin | € 23,666 | € 10,819 | € -14,824 | € 3,893 | ▲ € 18,717 |
| Profit after taxes | € 6,802 | € 3,438 | € -47,826 | € -28,700 | ▲ € 19,125 |
| Equity | € 36,995 | € 40,433 | € -7,393 | € -36,093 | ▼ € 28,700 |
| Total debts | € 29,499 | € 27,027 | € 26,413 | € 57,293 | ▲ 117% |
| Cash | € 5,279 | € 4,781 | € 8,880 | € 7,195 | ▼ 19% |
| Retained profit | € 30,795 | € 34,233 | € -13,593 | € -42,293 | ▼ € 28,700 |
| Bank debt | € 0 | € 0 | € 0 | € 12,824 | |
| Balance sheet total | € 66,494 | € 67,460 | € 19,020 | € 21,200 | ▲ 11% |
Key figures of Asian Relax Cult, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to Asian Relax Cult?
What happened at Asian Relax Cult in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: loss of € 28,700. filed late Source: NBB ↗
- New establishment in Gent. KBO
- Start of the company according to the CBE. KBO
In short
From € 6,802 profit in 2021 to € 28,700 loss in 2024.
Paid € 17,134 in corporate taxes since 2021.
Best year ever: 2021, with € 6,802 profit.
Management
Behind Asian Relax Cult is ZHOUMA LHAMA.
Directors
According to the 2024 annual accounts
ZHOUMA LHAMA
Bedrijfsleider
Establishments
Establishment units
Physical locations of this company
Mageleinstraat 10
9000 Gent
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0664.689.728
- VAT number
- BE 0664.689.728
- Registered office
- Mageleinstraat 10, 9000 Gent
- Names & denominations
- Asian Relax Cult
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 17 October 2016
- Peppol
- Active · Active since 8 Jul 2026
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