Happy 2 is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €147k and a net result of €44k. Equity is shrinking by ~6.1% per year across the filed fiscal years. Its solvency ranks better than 71% of 8018 sector peers (fiscal year 2025). The company has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €147k
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 30-04-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
2 d early
2023
on the day
2022
3 d early
2021
36 d early
2020
31 d early
2019
6 d early
← before the deadline
after the deadline →
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
22-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€147k▲ 43.2%
2024 · €103k
2018: €325k
2019: €318k
2020: €90k
2021: €115k
2022: €112k
2023: €98k
2024: €103k
2018 → 2025
Net result
€44k▲ 784%
2024 · €5k
2018: €-5k
2019: €-6k
2020: €-229k
2021: €25k
2022: €-3k
2023: €-14k
2024: €5k
2018 → 2025
Total assets
€197k▲ 66.4%
2024 · €119k
2018: €327k
2019: €321k
2020: €90k
2021: €122k
2022: €119k
2023: €107k
2024: €119k
2018 → 2025
Solvency
74.5%▼ 12.1pp
2024 · 86.5%
2018: 99.3%
2019: 99.2%
2020: 99.8%
2021: 94.1%
2022: 94.1%
2023: 91.2%
2024: 86.5%
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€115k-€112k▼ 2.7%€98k▼ 12.8%€103k▲ 5.1%€147k▲ 43.2%
Operating result€29k-€-4k€-14k▼ 250%€-18k▼ 29.2%€54k
Net result€25k-€-3k€-14k▼ 353%€5k€44k▲ 784%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €54k after a loss of €18k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €197k
Fixed assets
€31k▲ 568%
Current assets
€166k▲ 45.9%
Equity and liabilities €197k
Equity
€147k▲ 43.2%
Debt
€50k▲ 216%
The debt ratio rises from 13.5% to 25.5%. Equity and debt are higher.
Key figures and ratios
Solvency
74.5%▼
2024 · 86.5%
ROE
30.2%▲
2024 · 4.9%
ROA
22.5%▲
2024 · 4.2%
Debt
€50k▲
2024 · €16k
Debt ≤ 1 year
€50k▲
2024 · €16k
Income taxes
€12k▲
2024 · €501
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€119k€197k▲
Fixed assets21/28€5k€31k▲
Tangible fixed assets22/27€5k€31k▲
Land and buildings22€1k€1k▼
Plant, machinery and equipment23€2k€1k▼
Furniture and vehicles24€2k€29k▲
Financial fixed assets28€0-
Current assets29/58€114k€166k▲
Amounts receivable after more than one year29€5k€4k▼
Other amounts receivable291€5k€4k▼
Stocks and contracts in progress3€5k€13k▲
Stocks30/36€5k€13k▲
Amounts receivable within one year40/41€68k€81k▲
Trade receivables40€15k€15k▲
Other amounts receivable41€53k€65k▲
Cash at bank and in hand54/58€35k€68k▲
Deferred charges and accrued income490/1-€1k
Equity and liabilities
Total equity and liabilities10/49€119k€197k▲
Equity10/15€103k€147k▲
Contributions10/11€12k€12k=
Reserves13€90k€134k▲
Distributable reserves133€90k€134k▲
Amounts payable17/49€16k€50k▲
Amounts payable within one year42/48€16k€50k▲
Current portion of amounts payable after more than one year42-€3k
Trade debts44€12k€11k▼
Suppliers440/4€12k€11k▼
Taxes, remuneration and social security45€4k€8k▲
Taxes450/3€4k€8k▲
Other amounts payable47/48€0€29k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€2k▲
Other operating charges640/8€446€1k▲
Non-recurring operating charges66A€18k€0▼
Gross operating margin9900€2k€58k▲
Operating profit (loss)9901€-18k€54k▲
Financial income75/76B€25k€4k▼
Recurring financial income75€25k€4k▼
Financial charges65/66B€552€2k▲
Recurring financial charges65€552€2k▲
Profit (loss) for the period before taxes9903€6k€56k▲
Income taxes67/77€501€12k▲
Profit (loss) for the period9904€5k€44k▲
Profit (loss) for the period to be appropriated9905€5k€44k▲
Appropriation of the result
Profit (loss) to be appropriated9906€5k€44k▲
Profit (loss) brought forward from the previous period14P€0-
Transfer to equity691/2€5k€44k▲
To other reserves6921€5k€44k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Highest result since 2018net €44k ▲784%
Operating result €54k, net result €44k, both a record.
28-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Back to profitnet €5k
Net result €5k after 2 loss-making years.
30-09
Financial
Equity above €100kEq €103k ▲5.1%
Equity rises from €98k to €103k.
30-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
27-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
25-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Back to profitnet €25k
Net result €25k after 3 loss-making years.
30-09
Financial
Equity above €100kEq €115k ▲28.1%
Equity rises from €90k to €115k.
30-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Weakest financial yearnet €-229k
Net result drops to €-229k, the lowest in the series; recovery starts the following year.
30-09
Financial
Liquidity times 12current ratio 143.88
Current ratio from 12.27 to 143.88; short-term debt falls from €2k to €168.
24-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
25-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
04-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
22-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Dilsen-Stokkem · 1 establishment unit since 2007
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.
Eindestraat 813650 Dilsen-StokkemGround area
864 m²
Building footprint
127 m²
Parcel 72032B2598/00A000, Flanders. Linked by address, not a title deed.
1 establishment unit
e-ZANSHIN BVBA
since 20072.166.727.503
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72032B2598/00A000 | Flanders | 864 m² | 1 · 127 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 327 EUR awarded · 327 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 327 EUR | 327 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 24,728 companies in sector 64210 we hold annual accounts for 19,762. 13,198 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded21-11-2007
Fiscal year end30-09
Activities, NACEBEL
64200Holdings
64210Activities of holding companies
74151
70200Business and other management consultancy
70220Business consulting
74142
Sources
Crossroads Bank for EnterprisesNational Bank · 17 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.