5 ZAF ENERGY
ActiveSummary
The computed 12-month bankruptcy probability of 5 ZAF ENERGY is 5.2% (elevated). The 2024 annual accounts show equity of €10k and a net result of €-2k. Equity is growing by ~17.9% per year across the filed fiscal years. The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
26
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability37=
Solvency25=
Growth78=
Track record100
Bankruptcy probability, 12 months
5.2%
Elevated
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Liquidity tight (current ratio 1.0 against 1.0 in 2023; short-term debt: 99.8% and cash: 0% of total assets), and 99.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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
0.2%
Return on assets
-0.1%
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 01-08-2025, 1 day 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
1 d late
2023
42 d early
2022
21 d late
2021
23 d late
2020
109 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, full schema
Source amounts without an identifiable currency are assumed to be EUR.
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-2k▼ 150%
2023 · €-982
2020: €-5k
2021: €-4k
2022: €10k
2023: €-982
2020 → 2024
Working capital
€2k▼ 56.4%
2023 · €4k
2020: €2k
2021: €128
2022: €5k
2023: €4k
2020 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€5k-€3k▼ 33.5%€13k▲ 325%€12k▼ 7.4%€10k▼ 19.9%
Operating result€-5k-€-4k▲ 23.8%€-789▲ 80.3%€-1k▼ 35.9%€-2k▼ 121%
Net result€-5k-€-4k▲ 22.9%€10k€-982€-2k▼ 150%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €2k in 2024 against €1k in 2023; the loss grows.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €4.56M
Fixed assets
€8k =
Current assets
€4.56M ▲ 44.5%
Equity and liabilities €4.56M
Equity
€10k ▼ 19.9%
Debt
€4.55M ▲ 44.6%
Debt's share of the balance-sheet total rises from 99.6% to 99.8%. Equity is lower and debt is higher.
Key figures and ratios
Current ratio
1.00▼
2023 · 1.00
ROE
-24.9%▼
2023 · -8.0%
ROA
-0.1%▼
2023 · 0.0%
Debt ≤ 1 year
€4.55M▲
2023 · €3.15M
A ratio outside any meaningful range has been withheld (balance sheet total €4.56M, equity €10k).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 31 lines
Balance sheet
Code20232024
Assets
Total assets20/58€3.16M€4.56M▲
Fixed assets21/28€8k€8k=
Financial fixed assets28€8k€8k=
Current assets29/58€3.15M€4.56M▲
Amounts receivable within one year40/41€3.15M€4.55M▲
Trade receivables40-€913
Other amounts receivable41€3.15M€4.55M▲
Cash at bank and in hand54/58€275€706▲
Equity and liabilities
Total equity and liabilities10/49€3.16M€4.56M▲
Equity10/15€12k€10k▼
Contributions10/11€13k€13k=
Profit (loss) carried forward14€-202€-3k▼
Amounts payable17/49€3.15M€4.55M▲
Amounts payable within one year42/48€3.15M€4.55M▲
Trade debts44€248€1k▲
Suppliers440/4€248€1k▲
Taxes, remuneration and social security45€195-
Taxes450/3€195-
Other amounts payable47/48€3.15M€4.55M▲
Income statement
Code20232024
Other operating charges640/8€384€968▲
Gross operating margin9900€-688€-1k▼
Operating profit (loss)9901€-1k€-2k▼
Financial income75/76B€59k€110k▲
Recurring financial income75€59k€110k▲
Financial charges65/66B€59k€110k▲
Recurring financial charges65€59k€110k▲
Profit (loss) for the period before taxes9903€-982€-2k▼
Profit (loss) for the period9904€-982€-2k▼
Profit (loss) for the period to be appropriated9905€-982€-2k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-202€-3k▼
Profit (loss) brought forward from the previous period14P€780€-202▼
The notes to these accounts (2 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
01-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 1 day late
2024
19-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
21-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 21 days late
2022
31-12
Financial
Back to profitnet €10k
Net result €10k after 2 loss-making years.
23-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 23 days late
2021
17-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 109 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Brussel · 1 establishment unit since 2019
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.
Louizalaan 3801050 BrusselGround area
3,090 m²
Building footprint
2,455 m²
Volume, LiDAR
74,504 m³
2 parcels, Brussels · tallest building 103.3 m, ±7 floors. Linked by address, not a title deed.
1 establishment unit
Louizalaan 326, 1050 Elsene
since 20192.296.934.264
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21807G0178/00E003 | Brussels | 2,671 m² | 1 · 2,036 m² | 103.3 m · 6 fl. |
| 21807G0180/00P004 | Brussels | 420 m² | 1 · 419 m² | 26.2 m · 7 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded19-11-2019
Fiscal year end31-12
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.