EUROZIP
ActiveEUROZIP has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €7.78M and a net result of €2.26M. Equity is growing by ~25.3% per year across the filed fiscal years. Its solvency ranks better than 89% of 231 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
100
/ 100
Excellent= vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100=
Solvency100=
Growth78=
Stability100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €800k at 30 days acceptable
Liquidity ample (current ratio 9.82 against 7.18 in 2023), and 9.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 13
Relative position
BE, all sectors
reference
Sector 13
lower
← 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 2024Solvency, return and age of the figures
Solvency
90.2%
Return on assets
26.2%
Age of the figures
20 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 16-05-2025, 76 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
76 d early
2023
72 d early
2022
62 d early
2021
29 d late
2020
20 d late
2019
32 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€7.78M▲ 23.0%
2023 · €6.33M
2018: €1.42M
2019: €2.20M
2020: €3.03M
2021: €4.08M
2022: €5.09M
2023: €6.33M
2018 → 2024
Total assets
€8.63M▲ 17.7%
2023 · €7.33M
2018: €2.04M
2019: €2.87M
2020: €3.75M
2021: €4.49M
2022: €5.58M
2023: €7.33M
2018 → 2024
Net result
€2.26M▲ 21.3%
2023 · €1.86M
2018: €424k
2019: €876k
2020: €1.09M
2021: €1.26M
2022: €1.37M
2023: €1.86M
2018 → 2024
Working capital
€7.43M▲ 22.5%
2023 · €6.07M
2018: €1.31M
2019: €2.12M
2020: €2.85M
2021: €3.86M
2022: €4.88M
2023: €6.07M
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€3.03M-€4.08M▲ 34.7%€5.09M▲ 24.6%€6.33M▲ 24.4%€7.78M▲ 23.0%
Operating result€1.29M-€1.44M▲ 12.0%€1.83M▲ 26.8%€2.41M▲ 32.1%€2.77M▲ 14.7%
Net result€1.09M-€1.26M▲ 15.7%€1.37M▲ 8.5%€1.86M▲ 35.9%€2.26M▲ 21.3%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2024 is 15% above 2023 and is the highest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €8.63M
Fixed assets
€350k▲ 25.8%
Current assets
€8.28M▲ 17.4%
Equity and liabilities €8.63M
Equity
€7.78M▲ 23.0%
Debt
€843k▼ 15.8%
The debt ratio falls from 13.7% to 9.8%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€2.86M▲
2023 · €2.48M
Cash flow
€2.35M▲
2023 · €1.92M
Solvency
90.2%▲
2023 · 86.3%
Current ratio
9.82▲
2023 · 7.18
Quick ratio
8.00▲
2023 · 5.61
Debt / equity
0.11▼
2023 · 0.16
ROE
29.0%▼
2023 · 29.4%
ROA
26.2%▲
2023 · 25.4%
Interest coverage
100.20▼
2023 · 180.47
Debt
€843k▼
2023 · €1.00M
Debt ≤ 1 year
€843k▼
2023 · €981k
Income taxes
€872k▲
2023 · €831k
Staff costs
€390k▲
2023 · €342k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€7.33M€8.63M▲
Fixed assets21/28€278k€350k▲
Intangible fixed assets21-€37k
Tangible fixed assets22/27€278k€313k▲
Plant, machinery and equipment23€102k€92k▼
Furniture and vehicles24€177k€214k▲
Other tangible fixed assets26-€6k
Financial fixed assets28€168€118▼
Current assets29/58€7.05M€8.28M▲
Amounts receivable after more than one year29€1.20M€934k▼
Other amounts receivable291€1.20M€934k▼
Stocks and contracts in progress3€1.55M€1.53M▼
Stocks30/36€1.55M€1.53M▼
Amounts receivable within one year40/41€1.28M€1.09M▼
Trade receivables40€947k€801k▼
Other amounts receivable41€333k€290k▼
Current investments50/53-€4.05M
Cash at bank and in hand54/58€3.02M€671k▼
Deferred charges and accrued income490/1€601€605▲
Equity and liabilities
Total equity and liabilities10/49€7.33M€8.63M▲
Equity10/15€6.33M€7.78M▲
Contributions10/11€12k€12k=
Reserves13€6.31M€7.77M▲
Non-distributable reserves130/1€2k€0▼
Reserves not available under the articles1311€2k€0▼
Tax-exempt reserves132€421k€421k=
Distributable reserves133€5.89M€7.35M▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€1.00M€843k▼
Amounts payable within one year42/48€981k€843k▼
Trade debts44€401k€215k▼
Suppliers440/4€401k€215k▼
Taxes, remuneration and social security45€280k€177k▼
Taxes450/3€257k€142k▼
Remuneration and social security454/9€23k€35k▲
Other amounts payable47/48€300k€450k▲
Accrued charges and deferred income492/3€19k€0▼
Income statement
Code20232024
Non-recurring operating income76A-€25k
Remuneration, social security and pensions62€342k€390k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€61k€93k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-51k€16k▲
Other operating charges640/8€4k€3k▼
Gross operating margin9900€2.77M€3.27M▲
Operating profit (loss)9901€2.41M€2.77M▲
Financial income75/76B€292k€391k▲
Recurring financial income75€292k€391k▲
Financial charges65/66B€14k€29k▲
Recurring financial charges65€14k€29k▲
Profit (loss) for the period before taxes9903€2.69M€3.13M▲
Income taxes67/77€831k€872k▲
Profit (loss) for the period9904€1.86M€2.26M▲
Transfer from tax-exempt reserves789€731k€0▼
Profit (loss) for the period to be appropriated9905€2.59M€2.26M▼
Appropriation of the result
Profit (loss) to be appropriated9906€2.59M€2.26M▼
Transfer from equity791/2€320k€352k▲
Transfer to equity691/2€2.29M€1.81M▼
To other reserves6921€2.29M€1.81M▼
Profit to be distributed694/7€620k€802k▲
Return on contributions (dividend)694€320k€352k▲
Directors or managers695€300k€450k▲
Social balance
Average headcount (FTE)90874.85.2▲
The notes to these accounts (19 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
21-08
State Gazette act
RestructuringBoard meeting · Merger · Accounting effect9 facts ▸
State Gazette act
Restructuring
Board meeting · Merger · Accounting effect9 facts ▸
- Board meeting, 2026-08-10
- Merger, absorption, 1 aandeel in de Over te nemen Vennootschap = 0,0023 aandelen in de Overnemende Vennootschap
- Accounting effect, 2026-03-01
- Real estate, Een stuk grond met daarop een nijverheidsgebouw in volle eigendom gelegen te 8550 Zwevegem Esserstraat(Z) 13, volgens titel sectie A deel van nummer 823/G, groo…
- Permanent representative, Geert Coussement
- Permanent representative, Alexia Coussement
- Permanent representative, Michael Coussement
- Merger, none
- Profit participation date, 2026-03-01
2025
16-05
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €2.26M ▲21.3%
Operating result €2.77M, net result €2.26M, both a record.
20-05
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-05
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Equity above €5MEq €5.09M ▲24.6%
5 profitable years in a row build equity to €5.09M.
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 29 days late
2021
31-12
Financial
Liquidity doublescurrent ratio 10.41
Current ratio from 4.97 to 10.41; short-term debt falls from €720k to €411k.
20-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 20 days late
2020
29-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Equity above €2MEq €2.20M ▲54.5%
2 profitable years in a row build equity to €2.20M.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
2018
02-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
30-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
25-05
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2024
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
11-04-2024
COUSSEMENT Geert: Resigned as Director
30-09-2014
Ingels Johan: Resigned as Manager
Location & real-estate footprint
Registered office, Zwevegem · 2 establishment units since 2003
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.
Esserstraat(Z) 138550 ZwevegemGround area
5,846 m²
Building footprint
2,578 m²
Volume, LiDAR
18,531 m³
2 parcels, Flanders · tallest building 9.7 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
Esserstraat(Z) 13, 8550 Zwevegem
since 20032.131.566.981
Den Helder(M) 27, 8552 Zwevegem
since 20222.330.831.608
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34042A0823/00N000 | Flanders | 3,308 m² | 1 · 2,111 m² | 9.7 m · 3 fl. |
| 34028A0276/00B000 | Flanders | 2,538 m² | 1 · 467 m² | 7.2 m · 1 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.
Structure & network
Acquisitions and mergers
1 transactionTook over:GAMA-C INVEST
Public money · subsidies and aid
Flemish government
2022 to 2025 · 2 entries · 2,676 EUR awarded · 2,676 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 2,250 EUR | 2,250 EUR |
| 2022 | 1 | 426 EUR | 426 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Vlaams opleidingsverlof (VOV)
Recognitions · licences · registrations
Legal Entity Identifier
549300I183ZJL01QB176
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Wielsbeke · Eq €5.04M
Of 137 companies in sector 13960 we hold annual accounts for 83. 35 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded09-04-2003
Fiscal year end31-12
Activities, NACEBEL
13960Manufacture of textiles
17540
32990Other manufacturing not elsewhere classified
46412Wholesale of household textiles and bedding
47512Retail sale of household textiles and bedding
51410
52410
Sources
Crossroads Bank for EnterprisesNational Bank · 21 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.