Q-ZEN CONSTRUCT
ActiveSummary
The computed 12-month bankruptcy probability of Q-ZEN CONSTRUCT is 2.7% (moderate). The 2025 annual accounts show equity of €13k and a net result of €2k. Equity is growing by ~30% per year across the filed fiscal years. Its solvency ranks better than 60% of 27965 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability79▼-21
Solvency82▼-7
Growth52▼-26
Track record94
Bankruptcy probability, 12 months
2.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity ample (current ratio 1.54 against 1.16 in 2024; short-term debt: 43.5% and cash: 40.3% of total assets), and 43.5% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% 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
56.5%
Return on assets
8%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-08-2026, 10 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 · 3 filingsDeviation from the deadline
2025
10 d late
2024
on the day
2023
34 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
History
Financials · fiscal year 2025, micro schema
Equity
€13k▲ 16.4%
2024 · €11k
Total assets
€23k▲ 32.0%
2024 · €18k
Net result
€2k▼ 62.4%
2024 · €5k
Working capital
€5k▲ 431%
2024 · €1k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line202320242025
Operating result€5k-€7k▲ 39.3%€3k▼ 60.4%
Net result€3k-€5k▲ 46.1%€2k▼ 62.4%
Equity€6k-€11k▲ 77.3%€13k▲ 16.4%
Total assets€19k-€18k▼ 8.0%€23k▲ 32.0%
Debt€13k-€6k▼ 50.6%€10k▲ 59.9%
Working capital€-7k-€1k€5k▲ 431%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 60% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €22k
Fixed assets
€7k ▼ 26.6%
Current assets
€16k ▲ 112%
Equity and liabilities €23k
Equity
€13k ▲ 16.4%
Debt
€10k ▲ 59.9%
Debt's share of the balance-sheet total rises from 35.9% to 43.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€5k▼
2024 · €10k
Cash flow
€4k▼
2024 · €8k
Current ratio
1.54▲
2024 · 1.16
Debt to equity
0.77▲
2024 · 0.56
ROE
14.1%▼
2024 · 43.6%
ROA
8.0%▼
2024 · 28.0%
Interest coverage
41.87▼
2024 · 89.53
Debt ≤ 1 year
€10k▲
2024 · €6k
Income taxes
€842▼
2024 · €2k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | €3k | €3k | ▼ 26.7% |
| Other operating charges640/8 | €534 | €174 | €331 | ▲ 90.2% |
| Gross operating margin9900 | €7k | €10k | €6k | ▼ 46.6% |
| Operating profit (loss)9901 | €5k | €7k | €3k | ▼ 60.4% |
| Financial income75/76B | €119 | €18 | €145 | ▲ 696% |
| Recurring financial income75 | €119 | €18 | €145 | ▲ 696% |
| Financial charges65/66B | €13 | €114 | €125 | ▲ 9.1% |
| Recurring financial charges65 | €13 | €114 | €125 | ▲ 9.1% |
| Profit (loss) for the period before taxes9903 | €5k | €7k | €3k | ▼ 59.5% |
| Income taxes67/77 | €2k | €2k | €842 | ▼ 51.4% |
| Profit (loss) for the period9904 | €3k | €5k | €2k | ▼ 62.4% |
| Profit (loss) for the period to be appropriated9905 | €3k | €5k | €2k | ▼ 62.4% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €19k | €18k | €23k | ▲ 32.0% |
| Formation expenses20 | €1k | €1k | €1k | ▼ 12.5% |
| Fixed assets21/28 | €12k | €9k | €7k | ▼ 26.6% |
| Tangible fixed assets22/27 | €12k | €9k | €7k | ▼ 26.6% |
| Furniture and vehicles24 | €12k | €9k | €7k | ▼ 26.6% |
| Current assets29/58 | €5k | €7k | €16k | ▲ 112% |
| Amounts receivable within one year40/41 | €2k | €3k | €6k | ▲ 111% |
| Trade receivables40 | - | €603 | €4k | ▲ 589% |
| Other amounts receivable41 | €2k | €2k | €2k | ▼ 13.4% |
| Cash at bank and in hand54/58 | €3k | €4k | €9k | ▲ 113% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €19k | €18k | €23k | ▲ 32.0% |
| Equity10/15 | €6k | €11k | €13k | ▲ 16.4% |
| Contributions10/11 | €3k | €3k | €3k | = |
| Profit (loss) carried forward14 | €3k | €8k | €10k | ▲ 22.3% |
| Amounts payable17/49 | €13k | €6k | €10k | ▲ 59.9% |
| Amounts payable within one year42/48 | €13k | €6k | €10k | ▲ 60.3% |
| Trade debts44 | - | €540 | €8 | ▼ 98.5% |
| Suppliers440/4 | - | €540 | €8 | ▼ 98.5% |
| Taxes, remuneration and social security45 | €2k | €2k | €1k | ▼ 59.3% |
| Taxes450/3 | €2k | €2k | €1k | ▼ 59.3% |
| Other amounts payable47/48 | €11k | €3k | €9k | ▲ 177% |
| Accrued charges and deferred income492/3 | - | €18 | - | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €3k | €5k | €2k | ▼ 62.4% |
| + Depreciation and write-downs630 | €2k | €3k | €3k | ▼ 26.7% |
| Operating cash flow (approximation) | €5k | €8k | €4k | ▼ 47.6% |
| Investment in fixed assets (approximation) | - | €-149 | €-123 | ▲ 17.1% |
| Change in cash | - | €1k | €5k | ▲ 280% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
10-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 10 days late
2025
31-12
Financial
Weakest financial yearnet €2k ▼62.4%
Net result drops to €2k, the lowest in the series.
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2023net €5k ▲46.1%
Operating result €7k, net result €5k, both a record.
31-12
Financial
Liquidity triplescurrent ratio 1.16
Current ratio from 0.42 to 1.16; short-term debt falls from €13k to €6k.
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Verlaine · 1 establishment unit since 2023
Ground area
2,074 m²
Building footprint
100 m²
Volume, LiDAR
896 m³
Parcel 61063A1043/00B000, Wallonia · tallest building 10.2 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Q-ZEN CONSTRUCT
since 20232.339.986.824
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 61063A1043/00B000 | Wallonia | 2,074 m² | 1 · 100 m² | 10.2 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 9,534 companies in sector 43222 we hold annual accounts for 5,664. 2,928 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded10-01-2023
Fiscal year end31-12
Activities, NACEBEL 2025
43222Installation of electric heating, air conditioning, cooling and ventilation
33110Repair and maintenance of fabricated metal products
43221Plumbing work
Contact
E-mail
qzenconstruct@outlook.com
Scores and ratios are computed by Checked and are not a credit decision.