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S.Z.D.

Active
Public limited companyfounded 1983active for 43 yearsVan Leriusstraat 7-9, 2018 Antwerpen, BelgiumKBO/BCE: BE 0425.467.041
Summary

S.Z.D. has been active since 1983 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €141,507 and a net result of -€21,471. Equity is growing by about 8.8% per year across the filed financial years. Its solvency ranks better than 87% of 11,075 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Overview

Activity
Renting and operating of own or leased residential real estate, excluding social housing
NACE 68201
1 site
Size
€169,883total assets 2025
Equity
€141,507
Loss
-€21,471
Turnover not published (abbreviated or micro format)
Financial health
95 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.1%
Structure
Accounts 25 days early1 of 14 deeds read
Why 95raises riskLoss of €21,471 (financial year 2025)lowers riskLiquidity: current ratio 3.73, cash €59,836Equity €141,507 (83.3% of total assets)Founded in 1983Show the evidence

Checked score

Score 2025
95 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 64% of its sector peers (NACE 68, micro)
Financial strength · tick = 2024
Strong
Solvency 100=
equity 83.3% of total assets
Liquidity 94-6
short-term debt 9.5% · cash 35.2%
Profitability 3-76
return on assets -12.6%
Bankruptcy probability, 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (26,589 companies, NACE 68, micro)
Last 24 months 11-2024: < 0.1% 12-2024: < 0.1%● unchanged vs 11-2024 01-2025: < 0.1%● unchanged vs 12-2024lowest value 02-2025: < 0.1%● unchanged vs 01-2025lowest value 03-2025: < 0.1%● unchanged vs 02-2025lowest value 04-2025: < 0.1%● unchanged vs 03-2025 05-2025: < 0.1%● unchanged vs 04-2025 06-2025: < 0.1%● unchanged vs 05-2025 07-2025: < 0.1%● unchanged vs 06-2025 08-2025: < 0.1%● unchanged vs 07-2025 09-2025: < 0.1%● unchanged vs 08-2025 10-2025: < 0.1%● unchanged vs 09-2025 11-2025: < 0.1%● unchanged vs 10-2025 12-2025: < 0.1%● unchanged vs 11-2025 01-2026: < 0.1%● unchanged vs 12-2025 02-2026: < 0.1%● unchanged vs 01-2026 03-2026: < 0.1%● unchanged vs 02-2026 04-2026: < 0.1%● unchanged vs 03-2026 05-2026: < 0.1%● unchanged vs 04-2026 06-2026: < 0.1%● unchanged vs 05-2026 07-2026: < 0.1%● unchanged vs 06-2026 08-2026: 0.1%▲ +0.1 percentage points vs 07-2026highest value 09-2026: 0.1%● unchanged vs 08-2026highest value 10-2026: 0.1%● unchanged vs 09-2026highest value
Credit of up to €13,000 on 30-day terms is acceptable
Liquidity ample (current ratio 3.73, compared with 4.81 in 2024, above the usual 1.5; short-term debt: 9.5% and cash: 35.2% of total assets), and 16.7% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, micro): better than 91% on solvency, 93% on liquidity, 10% on profitability and 62% on growth.

The bankruptcy probability was computed on 16-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
lowers riskraises riskneutral
raises risk · Loss of €21,471 (financial year 2025)
NBB · annual accounts
lowers risk · Liquidity: current ratio 3.73, cash €59,836
NBB · annual accounts
lowers risk · Equity €141,507 (83.3% of total assets)
NBB · annual accounts
lowers risk · Founded in 1983
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
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 06-07-2026, 25 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
25 days early
2024
31 days early
2023
on the day
2022
31 days early
2021
6 days early
2020
29 days early
2019
14 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 15 days before the deadline; the sector median (NACE 68) for financial year 2024 is 7 days before the deadline, and 36% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 6 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
17-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · abbreviated…
  2. Weakest financial yearnet -€21,471
  3. Resignations: SCHWARCZ Karoly, SCHWARCZ Eva Lillian…Appointments: SCHWARCZ Karoly, SCHWARCZ Eva…

Key points

  • Positive: Among the best 14% on solvencysector median 30.9% · 11,075 companies 83.3% View
  • Positive: Filed on time since financial year 2020accounts within the deadline every year 6 years View
  • Active since 1983founded 20-09-1983 43 years View

By topic

Financials

Financial year
2025
Total assets
€169,883
Loss
-€21,471
Solvency
83.3%
Total assets▲ 0.2%
Net result
20182025
Go to Financials

Timeline

Events
50
Since
1985
Next accounts
by 31-07-2027
  1. 30-06-2025Annual accounts filed
  2. 31-12-2024Liquidity doubles
  3. 31-07-2024Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Renting and operating of own or leased residential…NACE 68201
Founded
20-09-1983
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
56
Who signs
The sole director
Annual meeting
First Friday of May at 10:00
Purpose
“Het uitbaten van een informatie-, studie-, organisatie- en raadgevend bureau inzake…” (deed in Dutch)
Go to Articles of association

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