BZYL
ActiveSummary
BZYL has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €147,687 and a net result of €30,079. Equity is growing by ~12.3% per year across the filed fiscal years. Its solvency ranks better than 79% of 851 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability85▲+13
Solvency89▼-11
Growth78=
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11,000 at 30 days acceptable
Liquidity ample (current ratio 2.77 against 36.08 in 2024; short-term debt: 25% and cash: 27.1% of total assets), and 36.2% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
63.8%
Return on assets
13%
Age of the figures
14 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-07-2025 was due by 28-02-2026 and was filed on 17-12-2025, 73 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
73 d early
2024
30 d early
2023
35 d early
2022
74 d early
2021
24 d early
2020
31 d early
2019
9 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 39 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-07-2026 and is due by 28-02-2027. Nothing is late today. Usually files around 25 January (4 of the last 5 filed years within 39 days of that day).
Companies Code · seven monthsPosition in the running window
31-07-2026 close28-09-2026 today28-02-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, full schema
Turnover
€1.2m
EBIT margin
2.7%
Net result
€30,079▲ 25.2%
2024 · €24,020
Working capital
€102,339▼ 13.7%
2024 · €118,654
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€1.2m
Operating result-€9,028€15,496€63,754▲ 311%€33,876▼ 46.9%€44,097▲ 30.2%
Net result-€10,344below the sector's middle half€9,784within the sector's middle half€47,367within the sector's middle half▲ 384%€24,020within the sector's middle half▼ 49.3%€30,079within the sector's middle half▲ 25.2%
EBIT margin2.7%
Equity€74,437within the sector's middle half▼ 9.9%€84,221within the sector's middle half▲ 13.1%€103,588within the sector's middle half▲ 23.0%€127,608within the sector's middle half▲ 23.2%€147,687within the sector's middle half▲ 15.7%
Total assets€86,357below the sector's middle half▼ 37.7%€118,786below the sector's middle half▲ 37.6%€140,504below the sector's middle half▲ 18.3%€130,990below the sector's middle half▼ 6.8%€231,380below the sector's middle half▲ 76.6%
Debt€11,920▼ 78.7%€34,565▲ 190%€36,916▲ 6.8%€3,382▼ 90.8%€83,693▲ 2,374%
Working capital€58,995within the sector's middle half▼ 2.6%€60,521within the sector's middle half▲ 2.6%€88,034within the sector's middle half▲ 45.5%€118,654within the sector's middle half▲ 34.8%€102,339within the sector's middle half▼ 13.7%
Solvency86.2%above the sector's middle half▲ 26.5pp70.9%above the sector's middle half▼ 15.3pp73.7%above the sector's middle half▲ 2.8pp97.4%above the sector's middle half▲ 23.7pp63.8%above the sector's middle half▼ 33.6pp
Current ratio8.54above the sector's middle half▲ 6.252.75above the sector's middle half▼ 5.783.38above the sector's middle half▲ 0.6336.08above the sector's middle half▲ 32.702.77above the sector's middle half▼ 33.31
Return on assets (ROA)-12.0%below the sector's middle half▼ 21.8pp8.2%within the sector's middle half▲ 20.2pp33.7%above the sector's middle half▲ 25.5pp18.3%above the sector's middle half▼ 15.4pp13.0%above the sector's middle half▼ 5.3pp
above
within
below
the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 30% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €231,380
Fixed assets
€71,127 ▲ 694%
Current assets
€160,254 ▲ 31.3%
Equity and liabilities €231,380
Equity
€147,687 ▲ 15.7%
Debt
€83,693 ▲ 2,374%
Debt's share of the balance-sheet total rises from 2.6% to 36.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€57,041▲
2024 · €41,209
Cash flow
€43,023▲
2024 · €31,354
Debt to equity
0.57▲
2024 · 0.03
ROE
20.4%▲
2024 · 18.8%
Interest coverage
19.74▲
2024 · 15.97
Debt ≤ 1 year
€57,915▲
2024 · €3,382
Debt > 1 year
€25,779
Income taxes
€11,154▲
2024 · €7,346
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,679 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
3.8%
stopped otherwise
95%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 1.3% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 34,679 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | €1.2m | - | - |
| Non-recurring operating income76A | - | - | €3,006 | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €1.2m | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13,870 | €11,571 | €11,997 | €7,334 | €12,944 | ▲ 76.5% |
| Other operating charges640/8 | - | €2,088 | €1,919 | €697 | €5,311 | ▲ 662% |
| Gross operating margin9900 | €5,945 | €29,155 | €77,670 | €41,906 | €62,352 | ▲ 48.8% |
| Operating profit (loss)9901 | -€9,028 | €15,496 | €63,754 | €33,876 | €44,097 | ▲ 30.2% |
| Financial income75/76B | - | €70 | €5 | €71 | €25 | ▼ 64.8% |
| Recurring financial income75 | €42 | €70 | €5 | €71 | €25 | ▼ 64.8% |
| Financial charges65/66B | - | €1,672 | €2,763 | €2,581 | €2,889 | ▲ 12.0% |
| Recurring financial charges65 | €1,295 | €1,672 | €2,763 | €2,581 | €2,889 | ▲ 12.0% |
| Profit (loss) for the period before taxes9903 | -€10,280 | €13,893 | €60,997 | €31,366 | €41,233 | ▲ 31.5% |
| Income taxes67/77 | €64 | €4,109 | €13,629 | €7,346 | €11,154 | ▲ 51.8% |
| Profit (loss) for the period9904 | -€10,344 | €9,784 | €47,367 | €24,020 | €30,079 | ▲ 25.2% |
| Profit (loss) for the period to be appropriated9905 | -€10,344 | €9,784 | €47,367 | €24,020 | €30,079 | ▲ 25.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €86,357 | €118,786 | €140,504 | €130,990 | €231,380 | ▲ 76.6% |
| Fixed assets21/28 | €19,533 | €23,699 | €15,555 | €8,954 | €71,127 | ▲ 694% |
| Tangible fixed assets22/27 | €18,040 | €21,823 | €14,104 | €7,970 | €70,417 | ▲ 784% |
| Plant, machinery and equipment23 | - | €5,819 | €6,378 | €4,465 | €2,058 | ▼ 53.9% |
| Furniture and vehicles24 | - | €11,457 | €7,727 | €3,505 | €68,359 | ▲ 1,850% |
| Leasing and similar rights25 | - | €4,548 | - | - | - | - |
| Financial fixed assets28 | €1,493 | €1,876 | €1,450 | €984 | €710 | ▼ 27.9% |
| Current assets29/58 | €66,824 | €95,087 | €124,950 | €122,036 | €160,254 | ▲ 31.3% |
| Amounts receivable within one year40/41 | €22,444 | €59,488 | €69,136 | €109,806 | €94,233 | ▼ 14.2% |
| Trade receivables40 | - | - | €2,541 | €64,000 | €58,616 | ▼ 8.4% |
| Other amounts receivable41 | - | €59,488 | €66,595 | €45,806 | €35,618 | ▼ 22.2% |
| Cash at bank and in hand54/58 | €40,842 | €32,804 | €52,831 | €10,999 | €62,772 | ▲ 471% |
| Deferred charges and accrued income490/1 | - | €2,795 | €2,983 | €1,232 | €3,248 | ▲ 164% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €86,357 | €118,786 | €140,504 | €130,990 | €231,380 | ▲ 76.6% |
| Equity10/15 | €74,437 | €84,221 | €103,588 | €127,608 | €147,687 | ▲ 15.7% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €10,784 | €20,484 | €30,484 | €40,484 | €60,484 | ▲ 49.4% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Tax-exempt reserves132 | - | €8,924 | €8,924 | €8,924 | €8,924 | = |
| Distributable reserves133 | - | €9,700 | €19,700 | €29,700 | €49,700 | ▲ 67.3% |
| Profit (loss) carried forward14 | €45,053 | €45,137 | €54,504 | €68,524 | €68,603 | ▲ 0.1% |
| Amounts payable17/49 | €11,920 | €34,565 | €36,916 | €3,382 | €83,693 | ▲ 2,374% |
| Amounts payable after more than one year17 | €4,092 | - | - | - | €25,779 | - |
| Financial debts170/4 | - | - | - | - | €25,779 | - |
| Amounts payable within one year42/48 | €7,829 | €34,565 | €36,916 | €3,382 | €57,915 | ▲ 1,612% |
| Current portion of amounts payable after more than one year42 | - | €4,092 | - | - | €9,580 | - |
| Trade debts44 | €2,298 | €26,480 | €4,662 | €2,016 | €23,643 | ▲ 1,073% |
| Suppliers440/4 | - | €26,480 | €4,662 | €2,016 | €23,643 | ▲ 1,073% |
| Taxes, remuneration and social security45 | - | €1,569 | €4,254 | €1,366 | €11,706 | ▲ 757% |
| Taxes450/3 | - | €52 | €2,737 | €1,366 | €8,031 | ▲ 488% |
| Remuneration and social security454/9 | - | €1,517 | €1,517 | - | €3,675 | - |
| Other amounts payable47/48 | - | €2,424 | €28,000 | - | €12,985 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€10,344 | €9,784 | €47,367 | €24,020 | €30,079 | ▲ 25.2% |
| + Depreciation and write-downs630 | €13,870 | €11,571 | €11,997 | €7,334 | €12,944 | ▲ 76.5% |
| Operating cash flow (approximation) | €3,526 | €21,355 | €59,365 | €31,354 | €43,023 | ▲ 37.2% |
| Investment in fixed assets (approximation) | - | -€15,737 | -€3,852 | -€733 | -€75,116 | ▼ 10,144% |
| Change in cash | - | -€8,037 | €20,027 | -€41,832 | €51,774 | ▲ 224% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
17-12
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
29-01
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-07
Financial
Liquidity times 11current ratio 36.08
Current ratio from 3.38 to 36.08; short-term debt falls from €36,916 to €3,382.
25-01
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-07
Financial
Highest result since 2019net €47,367 ▲384%
Operating result €63,754, net result €47,367, both a record.
31-07
Financial
Equity above €100,000Eq €103,588 ▲23%
2 profitable years in a row build equity to €103,588.
2022
16-12
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
31-07
Financial
Back to profitnet €9,784
Net result €9,784 after one loss-making year.
04-02
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-07
Financial
Weakest financial yearnet -€10,344
Net result drops to -€10,344, the lowest in the series; recovery starts the following year.
31-07
Financial
Liquidity quadruplescurrent ratio 8.54
Current ratio from 2.29 to 8.54; short-term debt falls from €47,043 to €7,829.
28-01
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
Show earlier events
2020
20-02
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-01
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
09-02
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
13-02
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 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, Etterbeek · 1 establishment unit since 2011
Ground area
276 m²
Building footprint
132 m²
Volume, LiDAR
1,738 m³
Parcel 21362B0104/00S004, Brussels · tallest building 16.3 m, ±4 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
Steenweg op Waver 868, 1040 Etterbeek
since 20112.197.934.678
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21362B0104/00S004 | Brussels | 276 m² | 1 · 131 m² | 16.3 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
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 29,785 companies in sector 41001 we hold annual accounts for 16,058. 12,678 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded14-03-2011
Fiscal year end31-07
Activities, NACEBEL 2025
41001General construction of residential buildings
E-invoicing
Reachable via Peppol
Peppol ID
0208:0834491691
Registered
05-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.