MZL INVEST
InactiveInactive since 13-04-2026; last annual accounts for fiscal year 2025.
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
1819202122232425
2018 to 2025 · latest year €-20k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 14-09-2026, 45 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
45 d late
2024
14 d late
2023
on the day
2022
11 d late
2021
4 d early
2020
13 d late
2019
11 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-20k▼ 461%
2024 · €-4k
2018: €16k
2019: €-4k
2020: €-2k
2021: €-3k
2022: €-4k
2023: €-10k
2024: €-4k
2018 → 2025
Working capital
€218▼ 98.9%
2024 · €20k
2018: €46k
2019: €43k
2020: €41k
2021: €37k
2022: €33k
2023: €23k
2024: €20k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€37k-€33k▼ 10.5%€23k▼ 30.1%€20k▼ 15.0%€218▼ 98.9%
Operating result€-3k-€-4k▼ 17.3%€-10k▼ 162%€-3k▲ 66.2%€-19k▼ 481%
Net result€-3k-€-4k▼ 16.8%€-10k▼ 156%€-4k▲ 65.2%€-20k▼ 461%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €19k in 2025 against €3k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €4k
Equity
€218 ▼ 98.9%
Debt
€4k ▲ 270%
Debt's share of the balance-sheet total rises from 5.3% to 95.0%. Equity is lower and debt is higher.
Key figures and ratios
Debt ≤ 1 year
€4k▲
2024 · €1k
Ratios withheld: a balance sheet total of €4k is too small for a meaningful ratio.
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 · 28 lines
Balance sheet
Code20242025
Assets
Total assets20/58€21k€4k▼
Current assets29/58€21k€4k▼
Stocks and contracts in progress3€0€0=
Stocks30/36€0€0=
Amounts receivable within one year40/41€21k€4k▼
Other amounts receivable41€21k€4k▼
Cash at bank and in hand54/58€267€333▲
Equity and liabilities
Total equity and liabilities10/49€21k€4k▼
Equity10/15€20k€218▼
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€-578€-20k▼
Amounts payable17/49€1k€4k▲
Amounts payable within one year42/48€1k€4k▲
Trade debts44€1k€4k▲
Suppliers440/4€1k€4k▲
Income statement
Code20242025
Other operating charges640/8€387€12k▲
Gross operating margin9900€-3k€-7k▼
Operating profit (loss)9901€-3k€-19k▼
Financial charges65/66B€150€180▲
Recurring financial charges65€150€180▲
Profit (loss) for the period before taxes9903€-4k€-20k▼
Profit (loss) for the period9904€-4k€-20k▼
Profit (loss) for the period to be appropriated9905€-4k€-20k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-578€-20k▼
Profit (loss) brought forward from the previous period14P€3k€-578▼
The notes to these accounts (1 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
14-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 45 days late
2025
31-12
Financial
Weakest financial yearnet €-20k
Net result drops to €-20k, the lowest in the series.
14-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 14 days late
2024
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
11-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 11 days late
2022
27-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
13-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 13 days late
2020
31-12
Financial
Liquidity times 12current ratio 73.40
Current ratio from 6.01 to 73.40; short-term debt falls from €9k to €563.
20-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
25-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
09-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 9 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Brussel
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.
Zaterdagplein 11000 BrusselGround area
1,231 m²
Building footprint
723 m²
Volume, LiDAR
12,218 m³
Parcel 21812N0562/00K000, Brussels · tallest building 21.1 m, ±6 floors. Linked by address, not a title deed.
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21812N0562/00K000 | Brussels | 1,230 m² | 1 · 723 m² | 21.1 m · 6 fl. |
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.
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded06-07-2005
Fiscal year end31-12
Sources
Crossroads Bank for EnterprisesNational Bank · 20 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.