DE ZESBUNDER
ActiveSummary
DE ZESBUNDER has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €517k and a net result of €29k. Equity is growing by ~4.6% per year across the filed fiscal years. Its solvency ranks better than 86% of 13417 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability74▲+4
Solvency98▲+6
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40k at 30 days acceptable
Liquidity ample (current ratio 3.4 against 2.73 in 2024; short-term debt: 12.8% and cash: 29.6% of total assets), and 26.8% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% 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
73.2%
Return on assets
4.1%
Age of the figures
12 mo
neutral · Filed after the deadline
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 04-05-2026, 4 days 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 · 10 filingsDeviation from the deadline
2025
4 d late
2024
21 d late
2023
28 d late
2022
86 d late
2021
1 d early
2020
2 d early
2019
28 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€517k▲ 5.9%
2024 · €488k
2018: €364klowest in 8 years
2019: €403k▲ +10.6% vs 2018
2020: €436k▲ +8.3% vs 2019
2021: €465k▲ +6.6% vs 2020
2022: €468k▲ +0.6% vs 2021
2023: €508k▲ +8.5% vs 2022
2024: €488k▼ -3.9% vs 2023
2025: €517k▲ +5.9% vs 2024highest in 8 years
2018 → 2025
Total assets
€706k▼ 2.8%
2024 · €726k
2018: €602k
2019: €601k▼ -0.2% vs 2018lowest in 8 years
2020: €621k▲ +3.4% vs 2019
2021: €649k▲ +4.5% vs 2020
2022: €643k▼ -0.9% vs 2021
2023: €784k▲ +22.1% vs 2022highest in 8 years
2024: €726k▼ -7.4% vs 2023
2025: €706k▼ -2.8% vs 2024
2018 → 2025
Net result
€29k▲ 336%
2024 · €7k
2018: €22k
2019: €38k▲ +72.1% vs 2018
2020: €32k▼ -17.3% vs 2019
2021: €50k▲ +58.0% vs 2020highest in 8 years
2022: €36k▼ -28.8% vs 2021
2023: €40k▲ +10.5% vs 2022
2024: €7k▼ -83.4% vs 2023lowest in 8 years
2025: €29k▲ +336% vs 2024
2018 → 2025
Working capital
€218k▲ 25.4%
2024 · €174k
2018: €85k
2019: €91k▲ +5.9% vs 2018
2020: €140k▲ +54.2% vs 2019
2021: €199k▲ +42.4% vs 2020
2022: €76k▼ -61.7% vs 2021lowest in 8 years
2023: €131k▲ +72.4% vs 2022
2024: €174k▲ +32.3% vs 2023
2025: €218k▲ +25.4% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€465k-€468k▲ 0.6%€508k▲ 8.5%€488k▼ 3.9%€517k▲ 5.9%
2021: €465klowest in 5 years
2022: €468k▲ +0.6% vs 2021
2023: €508k▲ +8.5% vs 2022
2024: €488k▼ -3.9% vs 2023
2025: €517k▲ +5.9% vs 2024highest in 5 years
Operating result€49k-€56k▲ 14.7%€63k▲ 11.6%€33k▼ 48.1%€45k▲ 39.3%
2021: €49k
2022: €56k▲ +14.7% vs 2021
2023: €63k▲ +11.6% vs 2022highest in 5 years
2024: €33k▼ -48.1% vs 2023lowest in 5 years
2025: €45k▲ +39.3% vs 2024
Net result€50k-€36k▼ 28.8%€40k▲ 10.5%€7k▼ 83.4%€29k▲ 336%
2021: €50khighest in 5 years
2022: €36k▼ -28.8% vs 2021
2023: €40k▲ +10.5% vs 2022
2024: €7k▼ -83.4% vs 2023lowest in 5 years
2025: €29k▲ +336% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 39% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €706k
Fixed assets
€398k ▼ 12.1%
Current assets
€308k ▲ 12.5%
Equity and liabilities €706k
Equity
€517k ▲ 5.9%
Debt
€189k ▼ 20.7%
Debt's share of the balance-sheet total falls from 32.8% to 26.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€105k▲
2024 · €93k
Cash flow
€88k▲
2024 · €67k
Current ratio
3.40▲
2024 · 2.73
Quick ratio
3.33▲
2024 · 2.65
Debt to equity
0.37▼
2024 · 0.49
ROE
5.6%▲
2024 · 1.3%
ROA
4.1%▲
2024 · 0.9%
Interest coverage
16.63▼
2024 · 18.88
Debt ≤ 1 year
€90k▼
2024 · €100k
Debt > 1 year
€18k▼
2024 · €33k
Income taxes
€11k▼
2024 · €21k
Staff costs
€82k▼
2024 · €94k
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 · 2025 against 2024 · 55 lines
Balance sheet
Code20242025
Assets
Total assets20/58€726k€706k▼
Fixed assets21/28€453k€398k▼
Tangible fixed assets22/27€453k€398k▼
Land and buildings22€366k€335k▼
Plant, machinery and equipment23€18k€15k▼
Furniture and vehicles24€68k€47k▼
Current assets29/58€274k€308k▲
Stocks and contracts in progress3€8k€7k▼
Stocks30/36€8k€7k▼
Amounts receivable within one year40/41€111k€88k▼
Trade receivables40€110k€84k▼
Other amounts receivable41€1k€3k▲
Cash at bank and in hand54/58€151k€209k▲
Deferred charges and accrued income490/1€4k€4k▲
Equity and liabilities
Total equity and liabilities10/49€726k€706k▼
Equity10/15€488k€517k▲
Contributions10/11€67k€67k=
Reserves13€421k€450k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€419k€448k▲
Amounts payable17/49€238k€189k▼
Amounts payable after more than one year17€33k€18k▼
Financial debts170/4€33k€18k▼
Amounts payable within one year42/48€100k€90k▼
Current portion of amounts payable after more than one year42€27k€24k▼
Trade debts44€5k€7k▲
Suppliers440/4€5k€7k▲
Advances received on contracts in progress46€10k€11k▲
Taxes, remuneration and social security45€19k€10k▼
Taxes450/3€9k€4k▼
Remuneration and social security454/9€10k€6k▼
Other amounts payable47/48€39k€38k▼
Accrued charges and deferred income492/3€105k€81k▼
Income statement
Code20242025
Non-recurring operating income76A€4k-
Remuneration, social security and pensions62€94k€82k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€61k€60k▼
Other operating charges640/8€3k€8k▲
Gross operating margin9900€191k€196k▲
Operating profit (loss)9901€33k€45k▲
Financial income75/76B€214€1k▲
Recurring financial income75€214€1k▲
Financial charges65/66B€5k€6k▲
Recurring financial charges65€5k€6k▲
Profit (loss) for the period before taxes9903€28k€40k▲
Income taxes67/77€21k€11k▼
Profit (loss) for the period9904€7k€29k▲
Transfer from tax-exempt reserves789€37k-
Profit (loss) for the period to be appropriated9905€44k€29k▼
Appropriation of the result
Profit (loss) to be appropriated9906€44k€29k▼
Transfer from equity791/2€26k-
Transfer to equity691/2€44k€29k▼
To other reserves6921€44k€29k▼
Profit to be distributed694/7€26k-
Return on contributions (dividend)694€26k-
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €4k | - | - |
| Remuneration, social security and pensions62 | €49k | €105k | €88k | €94k | €82k | ▼ 12.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €48k | €45k | €53k | €61k | €60k | ▼ 1.8% |
| Other operating charges640/8 | €4k | €21k | €11k | €3k | €8k | ▲ 164% |
| Gross operating margin9900 | €151k | €228k | €215k | €191k | €196k | ▲ 2.5% |
| Operating profit (loss)9901 | €49k | €56k | €63k | €33k | €45k | ▲ 39.3% |
| Financial income75/76B | €61 | €55 | €245 | €214 | €1k | ▲ 397% |
| Recurring financial income75 | €61 | €55 | €245 | €214 | €1k | ▲ 397% |
| Financial charges65/66B | €4k | €4k | €5k | €5k | €6k | ▲ 27.8% |
| Recurring financial charges65 | €4k | €4k | €5k | €5k | €6k | ▲ 27.8% |
| Profit (loss) for the period before taxes9903 | €45k | €52k | €58k | €28k | €40k | ▲ 44.1% |
| Transfer from deferred taxes780 | €21k | - | - | - | - | - |
| Income taxes67/77 | €16k | €16k | €19k | €21k | €11k | ▼ 46.4% |
| Profit (loss) for the period9904 | €50k | €36k | €40k | €7k | €29k | ▲ 336% |
| Transfer from tax-exempt reserves789 | - | €4k | - | €37k | - | - |
| Profit (loss) for the period to be appropriated9905 | €50k | €40k | €40k | €44k | €29k | ▼ 34.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €649k | €643k | €784k | €726k | €706k | ▼ 2.8% |
| Fixed assets21/28 | €350k | €465k | €505k | €453k | €398k | ▼ 12.1% |
| Tangible fixed assets22/27 | €350k | €465k | €505k | €453k | €398k | ▼ 12.1% |
| Land and buildings22 | €307k | €429k | €398k | €366k | €335k | ▼ 8.4% |
| Plant, machinery and equipment23 | €26k | €23k | €18k | €18k | €15k | ▼ 17.2% |
| Furniture and vehicles24 | €16k | €13k | €89k | €68k | €47k | ▼ 30.5% |
| Other tangible fixed assets26 | €31 | - | - | - | - | - |
| Current assets29/58 | €299k | €177k | €279k | €274k | €308k | ▲ 12.5% |
| Stocks and contracts in progress3 | €6k | €7k | €7k | €8k | €7k | ▼ 13.6% |
| Stocks30/36 | €6k | €7k | €7k | €8k | €7k | ▼ 13.6% |
| Amounts receivable within one year40/41 | €25k | €9k | €80k | €111k | €88k | ▼ 21.0% |
| Trade receivables40 | €25k | €7k | €79k | €110k | €84k | ▼ 23.2% |
| Other amounts receivable41 | €629 | €1k | €697 | €1k | €3k | ▲ 193% |
| Cash at bank and in hand54/58 | €264k | €157k | €188k | €151k | €209k | ▲ 38.2% |
| Deferred charges and accrued income490/1 | €2k | €4k | €4k | €4k | €4k | ▲ 18.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €649k | €643k | €784k | €726k | €706k | ▼ 2.8% |
| Equity10/15 | €465k | €468k | €508k | €488k | €517k | ▲ 5.9% |
| Contributions10/11 | €67k | €67k | €67k | €67k | €67k | = |
| Reserves13 | €399k | €401k | €441k | €421k | €450k | ▲ 6.8% |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €2k | €2k | = |
| Tax-exempt reserves132 | €41k | €37k | €37k | - | - | - |
| Distributable reserves133 | €355k | €363k | €402k | €419k | €448k | ▲ 6.8% |
| Amounts payable17/49 | €183k | €175k | €277k | €238k | €189k | ▼ 20.7% |
| Amounts payable after more than one year17 | €60k | €47k | €52k | €33k | €18k | ▼ 47.3% |
| Financial debts170/4 | €60k | €47k | €52k | €33k | €18k | ▼ 47.3% |
| Amounts payable within one year42/48 | €100k | €101k | €148k | €100k | €90k | ▼ 9.9% |
| Current portion of amounts payable after more than one year42 | €13k | €13k | €18k | €27k | €24k | ▼ 11.9% |
| Trade debts44 | €12k | €932 | €14k | €5k | €7k | ▲ 41.9% |
| Suppliers440/4 | €12k | €932 | €14k | €5k | €7k | ▲ 41.9% |
| Advances received on contracts in progress46 | - | - | €7k | €10k | €11k | ▲ 12.5% |
| Taxes, remuneration and social security45 | €23k | €36k | €53k | €19k | €10k | ▼ 45.4% |
| Taxes450/3 | €14k | €24k | €43k | €9k | €4k | ▼ 57.6% |
| Remuneration and social security454/9 | €8k | €12k | €10k | €10k | €6k | ▼ 33.5% |
| Other amounts payable47/48 | €52k | €51k | €56k | €39k | €38k | ▼ 3.4% |
| Accrued charges and deferred income492/3 | €23k | €27k | €76k | €105k | €81k | ▼ 22.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €50k | €36k | €40k | €7k | €29k | ▲ 336% |
| + Depreciation and write-downs630 | €48k | €45k | €53k | €61k | €60k | ▼ 1.8% |
| Operating cash flow (approximation) | €98k | €81k | €93k | €67k | €88k | ▲ 31.2% |
| Investment in fixed assets (approximation) | - | €-161k | €-93k | €-8k | €-5k | ▲ 39.1% |
| Change in cash | - | €-108k | €31k | €-37k | €58k | ▲ 258% |
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
2026
04-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 4 days late
2025
30-09
Financial
Equity above €500kEq €517k ▲5.9%
8 profitable years in a row build equity to €517k.
21-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 21 days late
2024
30-09
Financial
Weakest financial yearnet €7k ▼83.4%
Net result drops to €7k, the lowest in the series; recovery starts the following year.
28-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
2023
30-09
Financial
Equity above €500kEq €508k ▲8.5%
6 profitable years in a row build equity to €508k.
25-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 86 days late
2022
29-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Highest result since 2018net €50k ▲58%
Net result €50k, the highest in the series.
28-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
28-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 28 days late
2019
23-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 23 days late
2018
29-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 29 days late
2017
29-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 60 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Gingelom · 1 establishment unit since 2003
Ground area
1,372 m²
Building footprint
313 m²
Volume, LiDAR
1,681 m³
Parcel 71017B0112/00E000, Flanders · tallest building 8.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
DE ZESBUNDER
since 20032.132.753.054
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71017B0112/00E000 | Flanders | 1,372 m² | 1 · 313 m² | 8.5 m · 2 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteGingelom2.132.753.054
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Of 20,495 companies in sector 56111 we hold annual accounts for 11,462. 6,196 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 (pre-2019)
Founded30-05-2003
Fiscal year end30-09
Activities, NACEBEL 2025
56111Full-service restaurants
Scores and ratios are computed by Checked and are not a credit decision.