Checked.be
Active
BE 0819.179.945Private limited company
MZA
Lochtemanweg 96 ·3550 Heusden-Zolder, Belgium· 16 yrs active
Sector: General construction of residential buildings
(41001)
Conclusion
MZA has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €45k and a net result of €6k. Its solvency ranks better than 82% of 1093 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Based on the State Gazette, CBE and 2 annual accounts.
Key figures
| Equity | €45k |
| Net result | €6k |
| Better than sector | 82% |
| Active | 16 yrs |
Financial profile
85
/ 100
Exceptional profile, strong across almost every axis.
All 5 axes are computed from data Checked has read.
Health
100
Profitability
47
Solvency
100
Growth
78
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Established
Founded in 2009, 16 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
100
/ 100
Excellent
Computed from 6 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€5k
estimate, not credit advice
Score history
88
2023
100
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 2.87 (≥ 1.5)
+10
Quick ratio
Quick ratio 2.87 (≥ 1.0)
+5
Leverage
Debt/equity 0.38 (< 1.0)
+10
Profitability
ROE 13% (≥ 10%)
+10
EBITDA margin
EBITDA-marge 6%
+2
Interest coverage
Interest coverage 102.4× (≥ 3×)
+8
Profit trend
Net profit up YoY
+5
Equity growth
Equity growing YoY
+3
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 23-04-2026 with the NBB · fiscal year 2025 · micro schema
Sector comparison
Fiscal year 2025 · NACE 41, Construction of residential and non-residential buildings · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 72.6% | 42.3% | |
| Net result | €6k | €11k | |
| Equity | €45k | €35k | |
| Gross operating margin | €70k | €29k | |
| Staff costs | €62k | €17k |
€127k
+14.0%
23-25
€8k
+12.8%
23-25
€6k
+497.7%
23-25
€7k
+6.2%
23-25
€62k
+25.3%
23-25
€45k
+20.4%
23-25
€32k
-6.4%
23-25
€62k
+12.5%
23-25
€1k
-
23-25
€17k
+40.3%
23-25
€17k
+40.3%
23-25
2.87
-24.5%
23-25
2.87
-24.5%
23-25
72.6%
-3.9%
23-25
0.38
+16.5%
23-25
12.7%
+396.3%
23-25
9.2%
+377.0%
23-25
4.5%
+424.2%
23-25
6.1%
-1.1%
23-25
102.42
+904.6%
23-25
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2023 |
|---|---|---|
| Deposit | micro schema | micro schema |
| Revenue | €127k | €111k |
| EBITDA | €8k | €7k |
| Net profit | €6k | €955 |
| Cash flow | €7k | €6k |
| Staff costs | €62k | €55k |
| Income taxes | €1k | - |
| Dividends | - | - |
| Total assets | €62k | €50k |
| Equity | €45k | €37k |
| Debt | €17k | €12k |
| of which ≤ 1y | €17k | €12k |
| of which > 1y | - | - |
| Working capital | €32k | €34k |
| Employees (FTE) | - | - |
Ratios (computed)
| 2025 | 2023 | |
|---|---|---|
| Current ratio | 2.87 | 3.80 |
| Quick ratio | 2.87 | 3.80 |
| Working capital ratio | 51.4% | 68.7% |
| Solvency | 72.6% | 75.5% |
| Debt / equity | 0.38 | 0.32 |
| Long-term debt ratio | - | - |
| Interest coverage | 102.42 | 10.19 |
| Gross margin | 55.2% | 56.2% |
| Net margin | 4.5% | 0.9% |
| ROA | 9.2% | 1.9% |
| ROE | 12.7% | 2.6% |
| EBITDA margin | 6.1% | 6.2% |
| Days sales outstanding | 47d | 139d |
| Days payable outstanding | 52d | 14d |
| Inventory turnover | - | - |
| Days inventory (DSI) | - | - |
Balance-sheet composition 2025
Full annual accounts (23 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 | 2023 |
|---|---|---|---|
| Balance sheet, Assets | |||
| TOTAL ASSETS | 20/58 | €62k | €50k |
| Fixed assets | 21/28 | €13k | €3k |
| Tangible fixed assets | 22/27 | €13k | €3k |
| Current assets | 29/58 | €49k | €46k |
| Amounts receivable within one year | 40/41 | €20k | €45k |
| Cash & bank | 54/58 | €29k | €807 |
| Balance sheet, Equity & liabilities | |||
| TOTAL EQUITY & LIABILITIES | 10/49 | €62k | €50k |
| Equity | 10/15 | €45k | €37k |
| Contributions / capital | 10/11 | €19k | €19k |
| Reserves | 13 | €2k | €2k |
| Accumulated profits (losses) | 14 | €25k | €17k |
| Amounts payable | 17/49 | €17k | €12k |
| Amounts payable within one year | 42/48 | €17k | €12k |
| Trade debts payable within one year | 44 | €8k | €2k |
| Income statement | |||
| Turnover | 70 | €127k | €111k |
| Gross operating margin | 9900 | €70k | €62k |
| Operating result | 9901 | €7k | €2k |
| Financial income | 75 | - | €54 |
| Financial charges | 65 | €75 | €672 |
| Result before taxes | 9903 | €7k | €955 |
| Income taxes | 67/77 | €1k | - |
| Net result for the period | 9904 | €6k | €955 |
| Result to be appropriated | 9905 | €6k | €955 |
Legal Structure
| NACE primary | General construction of residential buildings(41001) |
| Legal form | Private limited company(610) |
| Incorporation | 01-10-2009 |
| Status | Active |
| Postal code | 3550 |
Establishment units
Lochtemanweg 96, 3550 Heusden-Zolder
since 20202.301.307.083
Real-estate footprint
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71502C0656/00E000 | Flanders | 4,915 m² | 1 · 1,385 m² | 9.8 m · 3 fl. |
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.
Updates
Next filing, fiscal year 2026, expected by
2026
23-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
22-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 814 days late
10-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 10 days late
10-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 376 days late
2022
11-08
State Gazette act
Registered-office change
2021
26-05
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 26 days late
26-05
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 391 days late
2018
31-12
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 245 days late
31-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 610 days late
31-12
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 975 days late
31-12
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 1341 days late
State Gazette actNBB filing
Belgian State Gazette reading coverage
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Belgisch Staatsblad, acts
Address history · 1
11-08-2022
Registered-office move
All acts · 1
updated 4 years ago
2022
11-08-2022 Registered office moved from KOERSEL to HEUSDEN-ZOLDER
- STATIONSSTRAAT 98 -3582 KOERSEL → Lochtemanweg 96 bus 10- 3550 HEUSDEN-ZOLDER
Technical details
{
"events": [
{
"kind": "zetel_transfer_cross_border_in",
"seat_type": "siege_social",
"new_address": {
"raw": "Lochtemanweg 96 bus 10- 3550 HEUSDEN-ZOLDER",
"city": "HEUSDEN-ZOLDER",
"region": "vlaams_gewest",
"street": "Lochtemanweg",
"country": "BE",
"postcode": "3550",
"box_number": "10",
"street_number": "96",
"locality_suffix": null
},
"old_address": {
"raw": "STATIONSSTRAAT 98 -3582 KOERSEL",
"city": "KOERSEL",
"region": "vlaams_gewest",
"street": "STATIONSSTRAAT",
"country": "BE",
"postcode": "3582",
"box_number": null,
"street_number": "98",
"locality_suffix": null
},
"effective_date": null,
"evidence_quote": "",
"region_changed": false,
"is_statute_change": true,
"nationality_change": true,
"old_address_source": "header_volledig_adres",
"statute_clause_text": null,
"statute_article_number": null,
"effective_date_qualifier": "immediate",
"statutaire_vs_werkelijke": "statutaire",
"linguistic_region_changed": false,
"court_jurisdiction_changed": false,
"effective_date_is_approximate": false
}
],
"notary": {
"name": null,
"firm_city": null,
"firm_name": null,
"office_city": "Antwerpen",
"is_associated": false
},
"act_meta": {
"language": "mixed",
"pub_date": "2022-08-11",
"filing_date": "2022-08-02",
"act_kind_objet": "Onderwerp akte:"
},
"decision": {
"body": "bijzondere_algemene_vergadering",
"date": "2021-11-23",
"unanimous": null
},
"subject_company": {
"kbo": "0819.179.945",
"name_full": "MZA",
"legal_form": "BESLOTEN VENNOOTSCHAP"
},
"publication_proxy": {
"kind": "person",
"org_kbo": null,
"org_name": null,
"person_name": "S\u00F6g\u00FCt Muhammet",
"org_rep_person_name": null,
"person_role_at_subject": "zaakvoerder"
},
"co_filed_documents": [
"Bijlagen bij het Belgisch Staatsblad",
"Annexes du Moniteur belge"
]
}Credit advice
Company registry (CBE)
Activities
General construction of residential buildings41001Other specialised construction activities43990Specialised construction activities43999Other non-specialised retail sale47120Retail trade47910Business and other management consultancy70200Business consulting70220Advertising agencies73110
Names & trade names
| Legal nameNL | MZA |
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