S & ZI
ActiveS & ZI has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €86k and a net result of €-6k. Equity is growing by ~53.2% per year across the filed fiscal years. Its solvency ranks better than 32% of 1027 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
20
/ 100
Critical▼ -23 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-100
Solvency8=
Growth78=
Stability100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.32 against 0.27 in 2024), and 88.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
11.7%
Return on assets
-0.8%
Age of the figures
14 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 30-01-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
1 d early
2023
2 d early
2022
26 d early
2021
38 d early
2020
38 d early
2019
42 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close14-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€86k▼ 6.5%
2024 · €92k
2019: €-27k
2020: €-52k
2021: €-38k
2022: €11k
2023: €55k
2024: €92k
2019 → 2025
Total assets
€737k▼ 4.4%
2024 · €771k
2019: €774k
2020: €837k
2021: €772k
2022: €891k
2023: €823k
2024: €771k
2019 → 2025
Net result
€-6k
2024 · €37k
2019: €-20k
2020: €-25k
2021: €14k
2022: €49k
2023: €44k
2024: €37k
2019 → 2025
Working capital
€-197k▼ 5.2%
2024 · €-187k
2019: €-329k
2020: €-215k
2021: €-191k
2022: €-252k
2023: €-59k
2024: €-187k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-38k-€11k€55k▲ 387%€92k▲ 66.2%€86k▼ 6.5%
Operating result€23k-€59k▲ 156%€55k▼ 5.6%€53k▼ 4.2%€9k▼ 83.9%
Net result€14k-€49k▲ 254%€44k▼ 10.7%€37k▼ 16.7%€-6k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 84% below 2024 and is the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €737k
Fixed assets
€645k▼ 8.1%
Current assets
€92k▲ 32.6%
Equity and liabilities €737k
Equity
€86k▼ 6.5%
Debt
€651k▼ 4.1%
The debt ratio rises from 88.0% to 88.3%: equity shrinks faster than debt is paid down.
Key figures and ratios
EBITDA
€79k▼
2024 · €120k
Cash flow
€64k▼
2024 · €103k
Solvency
11.7%▼
2024 · 12.0%
Current ratio
0.32▲
2024 · 0.27
Quick ratio
0.32▲
2024 · 0.27
Debt / equity
7.55▲
2024 · 7.37
ROE
-6.9%▼
2024 · 39.8%
ROA
-0.8%▼
2024 · 4.8%
Interest coverage
5.42▼
2024 · 6.67
Debt
€651k▼
2024 · €679k
Debt ≤ 1 year
€289k▲
2024 · €257k
Debt > 1 year
€362k▼
2024 · €421k
Staff costs
€87k▲
2024 · €75k
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€771k€737k▼
Fixed assets21/28€702k€645k▼
Tangible fixed assets22/27€701k€645k▼
Land and buildings22€667k€613k▼
Plant, machinery and equipment23€25k€25k▲
Furniture and vehicles24€9k€6k▼
Financial fixed assets28€350€350=
Current assets29/58€69k€92k▲
Amounts receivable within one year40/41€61k€84k▲
Trade receivables40€0€38k▲
Other amounts receivable41€61k€46k▼
Cash at bank and in hand54/58€8k€4k▼
Deferred charges and accrued income490/1€1k€4k▲
Equity and liabilities
Total equity and liabilities10/49€771k€737k▼
Equity10/15€92k€86k▼
Contributions10/11€105k€105k=
Capital10-€105k
Issued capital100-€105k
Profit (loss) carried forward14€-13k€-19k▼
Amounts payable17/49€679k€651k▼
Amounts payable after more than one year17€421k€362k▼
Financial debts170/4€421k€362k▼
Amounts payable within one year42/48€257k€289k▲
Current portion of amounts payable after more than one year42€78k€82k▲
Trade debts44€42k€87k▲
Suppliers440/4€42k€87k▲
Taxes, remuneration and social security45€13k€16k▲
Taxes450/3€369-
Remuneration and social security454/9€12k€16k▲
Other amounts payable47/48€124k€104k▼
Accrued charges and deferred income492/3€2k-
Income statement
Code20242025
Remuneration, social security and pensions62€75k€87k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€66k€70k▲
Other operating charges640/8€5k€5k▲
Gross operating margin9900€200k€171k▼
Operating profit (loss)9901€53k€9k▼
Financial income75/76B€2k€11▼
Recurring financial income75€2k€11▼
Financial charges65/66B€18k€15k▼
Recurring financial charges65€18k€15k▼
Profit (loss) for the period before taxes9903€37k€-6k▼
Income taxes67/77€2-
Profit (loss) for the period9904€37k€-6k▼
Profit (loss) for the period to be appropriated9905€37k€-6k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-13k€-19k▼
Profit (loss) brought forward from the previous period14P€-50k€-13k▲
Social balance
Average headcount (FTE)90871.82.5▲
The notes to these accounts (9 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
30-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-01
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
29-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
05-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-06
Financial
Highest result since 2019net €49k ▲254%
Operating result €59k, net result €49k, both a record.
2021
24-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
30-06
Financial
Back to profitnet €14k
Net result €14k after 2 loss-making years.
2020
24-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
30-06
Financial
Weakest financial yearnet €-25k
Net result drops to €-25k, the lowest in the series; recovery starts the following year.
2019
20-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
20-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
13-02
State Gazette act
General meeting · Board meeting
Director resignation · Director appointment
2017
18-12
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
27-05
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Genk · 1 establishment unit since 2008
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.
Melbergstraat 163600 GenkGround area
1,469 m²
Building footprint
229 m²
Volume, LiDAR
1,309 m³
Parcel 71305F0966/00E003, Flanders · tallest building 7.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
S & ZI
since 20082.169.391.340
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71305F0966/00E003 | Flanders | 1,469 m² | 1 · 229 m² | 7.2 m · 2 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.
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Of 6,690 companies in sector 96230 we hold annual accounts for 616. 441 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded30-01-2008
Fiscal year end30-06
Activities, NACEBEL
96040Personal service activities
96230Day spas, saunas and steam baths
Sources
Crossroads Bank for EnterprisesNational Bank · 17 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.