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 4 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 15 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
ATELIER ZAAF from Leuven, company number BE0769847923, closed financial year 2025 with a result of € -1 million after tax. For that financial year ATELIER ZAAF recorded a gross margin of € 608,620 and equity of € -2.5 million. Compared with financial year 2024, the result moved from € -1.2 million to € -1 million. 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 August 31, 2026.
€ -2.5 million
▼ € 1 million vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -1 million
▲ 15 % less loss than in 2024
Profit after tax over the fiscal year.
€ 202,499
▲ 79% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -3.5 million.
People and assets in 2025
21.9
▼ 0.4 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.2 million
▲ 4% vs 2024
€ 54,600 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 6,979
▼ 57% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 2.3 million
▼ 6% vs 2024
€ 151,284 is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 409,374
▲ 205% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 345,611
▲ 34% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 513,216 | € 971,246 | € 1,462,852 | € 608,620 | ▼ 58% |
| Profit after taxes | € -495,745 | € -812,987 | € -1,193,901 | € -1,009,352 | ▲ € 184,549 |
| Equity | € -345,745 | € -308,732 | € -1,502,633 | € -2,511,985 | ▼ € 1 million |
| Total debts | € 4,590,191 | € 6,440,221 | € 7,021,617 | € 7,468,820 | ▲ 6% |
| Cash | € 264,229 | € 77,164 | € 113,154 | € 202,499 | ▲ 79% |
| Retained profit | € -495,745 | € -1,308,732 | € -2,502,633 | € -3,511,985 | ▼ € 1 million |
| Bank debt | € 2,886,000 | € 3,396,943 | € 2,421,559 | € 2,268,713 | ▼ 6% |
| Balance sheet total | € 4,244,446 | € 6,131,489 | € 5,518,984 | € 4,956,836 | ▼ 10% |
| Employees (FTE) | 9.8 | 19.9 | 22.3 | 21.9 | ▼ 0.4 |
Key figures of ATELIER ZAAF, 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 ATELIER ZAAF?
What happened at ATELIER ZAAF in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 1 million. filed late Source: NBB ↗
- New establishment in Leuven. KBO
- New establishment in Tienen. KBO
- New establishment in Leuven. KBO
- New establishment in Leuven. KBO
- New establishment in Leuven. KBO
- New establishment in Asse. KBO
- New establishment in Hoeilaart. KBO
In short
From € 495,745 loss in 2022 to € 1 million loss in 2025.
Paid € 120 in corporate taxes since 2022.
On average € 27,800 of value added per employee in 2025.
Management
Behind ATELIER ZAAF is Maurits Lemmens. Maurits Lemmens is also behind SKYLINE ENTERTAINMENT, De Mensen, ZAAF, SALLIE GARDNER AND DOMM and Molines.
Directors
According to the 2025 annual accounts
Maurits Lemmens
Director
Also active at: SKYLINE ENTERTAINMENT, De Mensen, ZAAF, SALLIE GARDNER AND DOMM, Molines, HET LAATSTE BEDRIJF, GALLOP TAX SHELTER, De Mageren +4 more
Establishments
Establishment units
Physical locations of this company
Monseigneur Ladeuzeplein 22
3000 Leuven
Nijverheidslaan 21
3290 Diest
Active since 1 July 2021
Frederik Lintsstraat 61
3000 Leuven
Active since 18 June 2021
Kelestraat 23
1730 Asse
Active since 15 March 2022
Kasteelstraat 45
1560 Hoeilaart
Active since 15 March 2022
Halensebaan 150
3290 Diest
Active since 15 March 2022
Kapucijnenvoer 237
3000 Leuven
Active since 1 July 2022
Diestsestraat 187
3000 Leuven
Active since 16 March 2023
Torsinplein 10
3300 Tienen
Active since 16 March 2023
Tiensesteenweg 341
3010 Leuven
Active since 1 July 2022
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0769.847.923
- VAT number
- BE 0769.847.923
- Registered office
- Monseigneur Ladeuzeplein 22, 3000 Leuven
- Names & denominations
- ATELIER ZAAF
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 18 June 2021
- Peppol
- Active · Active since 27 Mar 2026
- Activities · NACE
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