PZ 2
ActivePZ 2 has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.76M and a net result of €174k. Equity is growing by ~26.8% per year across the filed fiscal years. Its solvency ranks better than 47% of 3674 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.5% (low).
Checked score
Score 2025
56
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability63▼-11
Solvency52▲+2
Growth78=
Track record100
Bankruptcy probability, 12 months
1.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €95k at 30 days acceptable
Liquidity short (current ratio 0.78 against 0.76 in 2024; short-term debt: 10.2% and cash: 0.4% of total assets), and 73.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Sector 56
higher
← 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
26.8%
Return on assets
2.6%
Age of the figures
9 mo
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
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 30-07-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
34 d early
2023
13 d early
2022
19 d early
2021
31 d late
2020
52 d early
2019
67 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
23-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€1.76M▲ 11.0%
2024 · €1.58M
2018: €396k
2019: €416k
2020: €576k
2021: €587k
2022: €849k
2023: €1.30M
2024: €1.58M
2018 → 2025
Total assets
€6.57M▲ 2.1%
2024 · €6.43M
2018: €1.63M
2019: €1.91M
2020: €2.08M
2021: €4.46M
2022: €5.56M
2023: €5.78M
2024: €6.43M
2018 → 2025
Net result
€174k▼ 39.9%
2024 · €289k
2018: €29k
2019: €20k
2020: €149k
2021: €63k
2022: €262k
2023: €446k
2024: €289k
2018 → 2025
Working capital
€-148k▲ 35.9%
2024 · €-230k
2018: €-376k
2019: €-396k
2020: €-451k
2021: €-635k
2022: €-194k
2023: €-66k
2024: €-230k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€587k-€849k▲ 44.7%€1.30M▲ 52.5%€1.58M▲ 22.3%€1.76M▲ 11.0%
Operating result€118k-€358k▲ 203%€610k▲ 70.4%€517k▼ 15.3%€363k▼ 29.7%
Net result€63k-€262k▲ 314%€446k▲ 70.0%€289k▼ 35.3%€174k▼ 39.9%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 30% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €6.57M
Fixed assets
€6.04M▲ 6.1%
Current assets
€523k▼ 28.9%
Equity and liabilities €6.57M
Equity
€1.76M▲ 11.0%
Debt
€4.81M▼ 0.8%
The debt ratio falls from 75.4% to 73.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€662k▼
2024 · €839k
Cash flow
€473k▼
2024 · €611k
Solvency
26.8%▲
2024 · 24.6%
Current ratio
0.78▲
2024 · 0.76
Quick ratio
0.76▲
2024 · 0.76
Debt / equity
2.73▼
2024 · 3.06
ROE
9.9%▼
2024 · 18.2%
ROA
2.6%▼
2024 · 4.5%
Interest coverage
4.90▼
2024 · 6.50
Debt
€4.81M▼
2024 · €4.85M
Debt ≤ 1 year
€671k▼
2024 · €966k
Debt > 1 year
€4.07M▲
2024 · €3.81M
Income taxes
€62k▼
2024 · €99k
Staff costs
€67k▲
2024 · €61k
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€6.43M€6.57M▲
Fixed assets21/28€5.70M€6.04M▲
Tangible fixed assets22/27€5.70M€6.04M▲
Land and buildings22€5.13M€5.54M▲
Plant, machinery and equipment23€99k€98k▼
Furniture and vehicles24€467k€403k▼
Current assets29/58€736k€523k▼
Stocks and contracts in progress3€5k€12k▲
Stocks30/36€5k€12k▲
Amounts receivable within one year40/41€595k€111k▼
Trade receivables40€508k€20k▼
Other amounts receivable41€87k€91k▲
Current investments50/53-€355k
Cash at bank and in hand54/58€114k€25k▼
Deferred charges and accrued income490/1€23k€20k▼
Equity and liabilities
Total equity and liabilities10/49€6.43M€6.57M▲
Equity10/15€1.58M€1.76M▲
Contributions10/11€242k€242k=
Revaluation surpluses12€34k€34k=
Reserves13€1.02M€1.02M▼
Non-distributable reserves130/1€12k€12k=
Reserves not available under the articles1311€12k€12k=
Tax-exempt reserves132€22k€17k▼
Distributable reserves133€987k€987k=
Profit (loss) carried forward14€289k€467k▲
Amounts payable17/49€4.85M€4.81M▼
Amounts payable after more than one year17€3.81M€4.07M▲
Financial debts170/4€3.81M€4.07M▲
Amounts payable within one year42/48€966k€671k▼
Current portion of amounts payable after more than one year42€321k€439k▲
Trade debts44€26k€18k▼
Suppliers440/4€26k€18k▼
Taxes, remuneration and social security45€88k€41k▼
Taxes450/3€80k€31k▼
Remuneration and social security454/9€8k€9k▲
Other amounts payable47/48€530k€173k▼
Accrued charges and deferred income492/3€77k€64k▼
Income statement
Code20242025
Remuneration, social security and pensions62€61k€67k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€322k€299k▼
Other operating charges640/8€32k€45k▲
Non-recurring operating charges66A-€82
Gross operating margin9900€932k€774k▼
Operating profit (loss)9901€517k€363k▼
Financial income75/76B-€8k
Recurring financial income75-€8k
Financial charges65/66B€129k€135k▲
Recurring financial charges65€129k€135k▲
Profit (loss) for the period before taxes9903€388k€236k▼
Income taxes67/77€99k€62k▼
Profit (loss) for the period9904€289k€174k▼
Transfer from tax-exempt reserves789-€4k
Profit (loss) for the period to be appropriated9905€289k€178k▼
Appropriation of the result
Profit (loss) to be appropriated9906€289k€467k▲
Profit (loss) brought forward from the previous period14P-€289k
Social balance
Average headcount (FTE)90871.11.1=
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
Next filing, fiscal year 2026, expected by
2026
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
18-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2018net €446k ▲70%
Operating result €610k, net result €446k, both a record.
31-12
Financial
Equity above €1MEq €1.30M ▲52.5%
6 profitable years in a row build equity to €1.30M.
12-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
09-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Equity above €500kEq €576k ▲38.3%
3 profitable years in a row build equity to €576k.
25-05
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Weakest financial yearnet €20k ▼31%
Net result drops to €20k, the lowest in the series; recovery starts the following year.
15-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
04-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 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, Brugge · 2 establishment units since 2010
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.
Pad Zevenbergen 28200 BruggeGround area
1,302 m²
Building footprint
262 m²
Volume, LiDAR
1,923 m³
2 parcels, Flanders · tallest building 13.7 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
PZ 2
since 20102.185.411.681
Ottentic
since 20172.261.547.080
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31030A0218/00L000 | Flanders | 1,226 m² | 1 · 185 m² | 10.0 m · 2 fl. |
| 31804D1638/00B000 | Flanders | 76 m² | 1 · 76 m² | 13.7 m · 3 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.
Public money · subsidies and aid
Flemish government
2024 to 2025 · 2 entries · 1,731 EUR awarded · 1,731 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 486 EUR | 486 EUR |
| 2024 | 1 | 1,245 EUR | 1,245 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 14,023 companies in sector 56301 we hold annual accounts for 4,893. 687 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded22-12-2009
Fiscal year end31-12
Activities, NACEBEL
56301Cafés and bars
56210Event catering
64200Holdings
64210Activities of holding companies
68310Real estate agency activities
68311Real estate activities
70200Business and other management consultancy
70210Activities of head offices; management consultancy activities
70220Business consulting
71111Activities of building architects
73300Public relations and communication consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 16 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.