GAZONIA
ActiveSummary
GAZONIA has been active since 1982 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2,176 and a net result of €20,796. Equity is growing by ~12.3% per year across the filed fiscal years. Its solvency ranks better than 10% of 1012 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency29▲+29
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 42
Relative position
BE, all sectors
reference
Civil engineering (NACE 42)
about 27% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
4.1%
Return on assets
39%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 1012 sector peers (2025).
NBB · sector comparisonPosition among 1012 sector peers
Solvency
better than 10%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 14-07-2026, 17 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
17 d early
2024
44 d late
2023
30 d late
2022
30 d late
2021
on the day
2020
19 d late
2019
on the day
← 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 15 days after the deadline; the sector median for financial year 2024 is 2 days before the deadline, and 41% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 30 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€2,176
2024 · -€18,620
Total assets
€53,327▲ 157%
2024 · €20,788
Net result
€20,796▲ 10.0%
2024 · €18,914
Working capital
-€2,424▲ 87.5%
2024 · -€19,428
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 42, Civil engineering, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€2,328-€449▲ 80.7%€7,219€22,362▲ 210%€26,559▲ 18.8%
Net result-€3,785below the sector's middle half-€3,659below the sector's middle half▲ 3.3%€5,110within the sector's middle half€18,914within the sector's middle half▲ 270%€20,796within the sector's middle half▲ 10.0%
Equity-€38,884below the sector's middle half▼ 10.8%-€42,543below the sector's middle half▼ 9.4%-€37,533below the sector's middle half▲ 11.8%-€18,620below the sector's middle half▲ 50.4%€2,176below the sector's middle half
Total assets€25,781below the sector's middle half▼ 5.6%€17,054below the sector's middle half▼ 33.8%€17,837below the sector's middle half▲ 4.6%€20,788below the sector's middle half▲ 16.5%€53,327below the sector's middle half▲ 157%
Debt€64,665▲ 3.6%€59,597▼ 7.8%€55,370▼ 7.1%€39,407▼ 28.8%€51,150▲ 29.8%
Working capital-€41,477below the sector's middle half▼ 7.9%-€46,209below the sector's middle half▼ 11.4%-€39,605below the sector's middle half▲ 14.3%-€19,428below the sector's middle half▲ 50.9%-€2,424below the sector's middle half▲ 87.5%
Solvency-150.8%below the sector's middle half▼ 22.3pp-249.5%below the sector's middle half▼ 98.6pp-210.4%below the sector's middle half▲ 39.0pp-89.6%below the sector's middle half▲ 120.9pp4.1%below the sector's middle half▲ 93.7pp
Current ratio0.35below the sector's middle half▼ 0.040.22below the sector's middle half▼ 0.120.28below the sector's middle half▲ 0.060.51below the sector's middle half▲ 0.220.94below the sector's middle half▲ 0.43
Return on assets (ROA)-14.7%below the sector's middle half▼ 69.6pp-21.5%below the sector's middle half▼ 6.8pp28.6%above the sector's middle half▲ 50.1pp91.0%above the sector's middle half▲ 62.3pp39.0%above the sector's middle half▼ 52.0pp
above
within
below
the middle half (P25 to P75) of NACE 42, Civil engineering, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 19% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €53,327
Fixed assets
€17,781 ▲ 2,100%
Current assets
€35,545 ▲ 77.9%
Equity and liabilities €53,327
Equity
€2,176
Debt
€51,150
Debt finances 95.9% of the balance-sheet total.
Key figures and ratios
EBITDA
€28,148▲
2024 · €23,625
Cash flow
€22,385▲
2024 · €20,177
Debt to equity
23.50
ROE
955.6%
Interest coverage
19.13▲
2024 · 8.57
Debt ≤ 1 year
€37,970▼
2024 · €39,407
Debt > 1 year
€12,830
Income taxes
€4,569▲
2024 · €691
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 931 companies that looked in July 2024 the way this one looks now, 1.9% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency under 10%
- a profit of 5% of the balance sheet or more
1.9%
went bankrupt
4.6%
stopped otherwise
93%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 931 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,086 | €2,008 | €1,594 | €1,263 | €1,589 | ▲ 25.8% |
| Other operating charges640/8 | €2,887 | €2,224 | €2,023 | €3,796 | €2,347 | ▼ 38.2% |
| Gross operating margin9900 | €2,644 | €3,783 | €10,836 | €27,421 | €30,495 | ▲ 11.2% |
| Operating profit (loss)9901 | -€2,328 | -€449 | €7,219 | €22,362 | €26,559 | ▲ 18.8% |
| Financial income75/76B | €1 | €6 | €45 | €1 | €277 | ▲ 27,647% |
| Recurring financial income75 | €1 | €6 | €45 | €1 | €277 | ▲ 27,647% |
| Financial charges65/66B | €975 | €2,734 | €1,752 | €2,758 | €1,472 | ▼ 46.6% |
| Recurring financial charges65 | €975 | €2,734 | €1,752 | €2,758 | €1,472 | ▼ 46.6% |
| Profit (loss) for the period before taxes9903 | -€3,302 | -€3,176 | €5,512 | €19,605 | €25,365 | ▲ 29.4% |
| Income taxes67/77 | €483 | €483 | €402 | €691 | €4,569 | ▲ 561% |
| Profit (loss) for the period9904 | -€3,785 | -€3,659 | €5,110 | €18,914 | €20,796 | ▲ 10.0% |
| Profit (loss) for the period to be appropriated9905 | -€3,785 | -€3,659 | €5,110 | €18,914 | €20,796 | ▲ 10.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €25,781 | €17,054 | €17,837 | €20,788 | €53,327 | ▲ 157% |
| Fixed assets21/28 | €3,562 | €3,666 | €2,072 | €808 | €17,781 | ▲ 2,100% |
| Tangible fixed assets22/27 | €3,562 | €3,666 | €2,072 | €808 | €17,781 | ▲ 2,100% |
| Plant, machinery and equipment23 | €2,256 | €1,170 | €729 | €287 | €94 | ▼ 67.3% |
| Furniture and vehicles24 | €1,306 | €2,496 | €1,343 | €521 | €17,687 | ▲ 3,296% |
| Current assets29/58 | €22,219 | €13,388 | €15,765 | €19,979 | €35,545 | ▲ 77.9% |
| Amounts receivable within one year40/41 | €21,594 | €11,510 | €14,393 | €17,166 | €33,515 | ▲ 95.2% |
| Trade receivables40 | €21,344 | €11,174 | €14,143 | €16,916 | €23,471 | ▲ 38.7% |
| Other amounts receivable41 | €250 | €336 | €250 | €250 | €10,044 | ▲ 3,918% |
| Cash at bank and in hand54/58 | €600 | €747 | €935 | €1,216 | €1,572 | ▲ 29.2% |
| Deferred charges and accrued income490/1 | €25 | €1,131 | €438 | €1,597 | €458 | ▼ 71.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €25,781 | €17,054 | €17,837 | €20,788 | €53,327 | ▲ 157% |
| Equity10/15 | -€38,884 | -€42,543 | -€37,533 | -€18,620 | €2,176 | ▲ 112% |
| Contributions10/11 | €31,087 | €31,087 | €30,987 | €30,987 | €30,987 | = |
| Reserves13 | €3,099 | €3,099 | €3,099 | €3,099 | €3,099 | = |
| Non-distributable reserves130/1 | €3,099 | €3,099 | - | - | - | - |
| Reserves not available under the articles1311 | €3,099 | €3,099 | - | - | - | - |
| Distributable reserves133 | - | - | €3,099 | €3,099 | €3,099 | = |
| Profit (loss) carried forward14 | -€73,070 | -€76,728 | -€71,619 | -€52,705 | -€31,909 | ▲ 39.5% |
| Amounts payable17/49 | €64,665 | €59,597 | €55,370 | €39,407 | €51,150 | ▲ 29.8% |
| Amounts payable after more than one year17 | - | - | - | - | €12,830 | - |
| Financial debts170/4 | - | - | - | - | €12,830 | - |
| Amounts payable within one year42/48 | €63,697 | €59,597 | €55,370 | €39,407 | €37,970 | ▼ 3.6% |
| Financial debts43 | €9,312 | €9,309 | €9,337 | €9,782 | €13,670 | ▲ 39.7% |
| Credit institutions430/8 | €9,312 | €9,309 | €9,337 | €9,782 | €13,670 | ▲ 39.7% |
| Trade debts44 | €9,477 | €7,252 | €11,912 | €8,019 | €12,557 | ▲ 56.6% |
| Suppliers440/4 | €9,477 | €7,252 | €11,912 | €8,019 | €12,557 | ▲ 56.6% |
| Advances received on contracts in progress46 | - | €3,269 | - | - | €1,324 | - |
| Taxes, remuneration and social security45 | €14,750 | €16,611 | €15,978 | €9,113 | €10,419 | ▲ 14.3% |
| Taxes450/3 | €7,081 | €6,994 | €8,121 | €5,821 | €6,524 | ▲ 12.1% |
| Remuneration and social security454/9 | €7,669 | €9,617 | €7,856 | €3,293 | €3,895 | ▲ 18.3% |
| Other amounts payable47/48 | €30,157 | €23,156 | €18,144 | €12,493 | - | - |
| Accrued charges and deferred income492/3 | €969 | - | - | - | €351 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€3,785 | -€3,659 | €5,110 | €18,914 | €20,796 | ▲ 10.0% |
| + Depreciation and write-downs630 | €2,086 | €2,008 | €1,594 | €1,263 | €1,589 | ▲ 25.8% |
| Operating cash flow (approximation) | -€1,699 | -€1,651 | €6,704 | €20,177 | €22,385 | ▲ 10.9% |
| Investment in fixed assets (approximation) | - | -€2,112 | €0 | €0 | -€18,562 | - |
| Change in cash | - | €148 | €188 | €281 | €356 | ▲ 26.5% |
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
20-08
State Gazette act
Appointment: Nelis Jansen (director)2 facts ▸
State Gazette act
Appointment: Nelis Jansen (director)
2 facts ▸
- General meeting, 30-07-2026
- Director appointment, Nelis Jansen (director)
14-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €20,796 ▲10%
Operating result €26,559, net result €20,796, both a record.
13-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 44 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Back to profitnet €5,110
Net result €5,110 after 2 loss-making years.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
31-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
19-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 19 days late
2020
31-12
Financial
Back to profitnet €14,987
Net result €14,987 after one loss-making year.
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet -€6,244
Net result drops to -€6,244, the lowest in the series; recovery starts the following year.
Show earlier events
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 29 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 9 acts read
About the unread acts
Of the 9 Belgian State Gazette acts we know for this company, 1 has been read. The other 8 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 director, last change in 2026
Nelis Jansen
CurrentDirector · since 15-08-2026
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
8 of this company's 9 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Brasschaat · 1 establishment unit since 1982
Ground area
2,919 m²
Building footprint
800 m²
Volume, LiDAR
1,628 m³
2 parcels, Flanders · tallest building 9.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Laar 93, 2180 Antwerpen
since 19822.020.994.703
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11423B0045/00L000 | Flanders | 2,658 m² | 1 · 709 m² | 6.8 m |
| 11323F0023/00M002 | Flanders | 260 m² | 1 · 91 m² | 9.4 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Mandate history
1 person since 2026, 1 in office
- Board
| Name | Functions and periods |
|---|---|
| Nelis Jansen |
|
Structure & network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
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Shareholding
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Company details
Identification
Legal formPrivate limited company
Founded02-09-1982
Fiscal year end31-12
Activities, NACEBEL 2025
42110Construction of roads and motorways
81300Landscape service activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0423006904
Registered
25-08-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.