VAN ZESSEN
ActiveSummary
VAN ZESSEN has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-62k) and a net result of €4k. Equity is shrinking by ~30% per year across the filed fiscal years. Its solvency ranks better than 7% of 276 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability50▲+50
Solvency13▲+3
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.25 against 0.01 in 2024; short-term debt: 71.6% and cash: 1.9% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Five 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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 16
Relative position
BE, all sectors
reference
Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials (NACE 16)
about 8% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
-12.4%
Return on assets
0.9%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 7% of 276 sector peers (2025).
NBB · sector comparisonPosition among 276 sector peers
Solvency
better than 7%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-08-2026, 30 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
30 d late
2024
21 d early
2023
153 d late
2022
116 d late
2021
17 d late
2020
52 d late
2019
75 d late
← 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
Financials · fiscal year 2025, abbreviated schema
Equity
€-62k▲ 6.6%
2024 · €-67k
2018: €210khighest in 8 years
2019: €185k▼ -11.7% vs 2018
2020: €206k▲ +11.3% vs 2019
2021: €199k▼ -3.7% vs 2020
2022: €108k▼ -45.4% vs 2021
2023: €17k▼ -84.2% vs 2022
2024: €-67k▼ -490% vs 2023lowest in 8 years
2025: €-62k▲ +6.6% vs 2024
2018 → 2025
Total assets
€503k▲ 14.0%
2024 · €441k
2018: €913k
2019: €1.02M▲ +11.3% vs 2018highest in 8 years
2020: €975k▼ -4.1% vs 2019
2021: €860k▼ -11.8% vs 2020
2022: €593k▼ -31.0% vs 2021
2023: €489k▼ -17.6% vs 2022
2024: €441k▼ -9.6% vs 2023lowest in 8 years
2025: €503k▲ +14.0% vs 2024
2018 → 2025
Net result
€4k
2024 · €-84k
2018: €3k
2019: €-24k▼ -1033% vs 2018
2020: €21k▲ +186% vs 2019highest in 8 years
2021: €-8k▼ -136% vs 2020
2022: €-90k▼ -1091% vs 2021
2023: €-91k▼ -1.2% vs 2022lowest in 8 years
2024: €-84k▲ +8.2% vs 2023
2025: €4k▲ +105% vs 2024
2018 → 2025
Working capital
€-269k▲ 2.1%
2024 · €-275k
2018: €36k
2019: €72k▲ +98.4% vs 2018
2020: €131k▲ +81.7% vs 2019highest in 8 years
2021: €93k▼ -28.7% vs 2020
2022: €-6k▼ -107% vs 2021
2023: €-94k▼ -1436% vs 2022
2024: €-275k▼ -193% vs 2023lowest in 8 years
2025: €-269k▲ +2.1% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€199k-€108k▼ 45.4%€17k▼ 84.2%€-67k€-62k▲ 6.6%
2021: €199khighest in 5 years
2022: €108k▼ -45.4% vs 2021
2023: €17k▼ -84.2% vs 2022
2024: €-67k▼ -490% vs 2023lowest in 5 years
2025: €-62k▲ +6.6% vs 2024
Operating result€6k-€-76k€-82k▼ 8.1%€-68k▲ 17.5%€16k
2021: €6k
2022: €-76k▼ -1279% vs 2021
2023: €-82k▼ -8.1% vs 2022lowest in 5 years
2024: €-68k▲ +17.5% vs 2023
2025: €16k▲ +124% vs 2024highest in 5 years
Net result€-8k-€-90k▼ 1,091%€-91k▼ 1.2%€-84k▲ 8.2%€4k
2021: €-8k
2022: €-90k▼ -1091% vs 2021
2023: €-91k▼ -1.2% vs 2022lowest in 5 years
2024: €-84k▲ +8.2% vs 2023
2025: €4k▲ +105% vs 2024highest in 5 years
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 returns to profit in 2025: €16k after a loss of €68k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €503k
Fixed assets
€412k ▼ 6.1%
Current assets
€92k ▲ 3,364%
Key figures and ratios
EBITDA
€43k▲
2024 · €-39k
Cash flow
€31k▲
2024 · €-55k
Solvency
-12.4%▲
2024 · -15.1%
Current ratio
0.25▲
2024 · 0.01
Debt to equity
-9.08▼
2024 · -7.62
ROA
0.9%▲
2024 · -19.0%
Interest coverage
3.66▲
2024 · -2.41
Debt
€566k▲
2024 · €508k
Debt ≤ 1 year
€361k▲
2024 · €277k
Debt > 1 year
€205k▼
2024 · €231k
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 · 39 lines
Balance sheet
Code20242025
Assets
Total assets20/58€441k€503k▲
Fixed assets21/28€439k€412k▼
Tangible fixed assets22/27€439k€412k▼
Land and buildings22€439k€412k▼
Current assets29/58€3k€92k▲
Amounts receivable within one year40/41€1k€82k▲
Trade receivables40€1k€82k▲
Other amounts receivable41€472€8▼
Cash at bank and in hand54/58€1k€10k▲
Equity and liabilities
Total equity and liabilities10/49€441k€503k▲
Equity10/15€-67k€-62k▲
Contributions10/11€19k€19k=
Revaluation surpluses12€220k€220k=
Reserves13€13k€13k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€11k€11k=
Profit (loss) carried forward14€-318k€-314k▲
Amounts payable17/49€508k€566k▲
Amounts payable after more than one year17€231k€205k▼
Financial debts170/4€231k€205k▼
Amounts payable within one year42/48€277k€361k▲
Current portion of amounts payable after more than one year42€24k€26k▲
Trade debts44€40k€2k▼
Suppliers440/4€40k€2k▼
Taxes, remuneration and social security45€400-
Taxes450/3€400-
Other amounts payable47/48€213k€333k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€29k€27k▼
Other operating charges640/8€31k€7k▼
Gross operating margin9900€-8k€50k▲
Operating profit (loss)9901€-68k€16k▲
Financial charges65/66B€16k€12k▼
Recurring financial charges65€16k€12k▼
Profit (loss) for the period before taxes9903€-84k€4k▲
Profit (loss) for the period9904€-84k€4k▲
Profit (loss) for the period to be appropriated9905€-84k€4k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-318k€-314k▲
Profit (loss) brought forward from the previous period14P€-235k€-318k▼
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €756 | €202k | €13k | - | - | - |
| Remuneration, social security and pensions62 | €10k | €11k | €566 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €59k | €27k | €27k | €29k | €27k | ▼ 6.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €24k | - | - | - |
| Other operating charges640/8 | €9k | €12k | €4k | €31k | €7k | ▼ 78.4% |
| Non-recurring operating charges66A | - | €189k | - | - | - | - |
| Gross operating margin9900 | €84k | €162k | €-27k | €-8k | €50k | ▲ 733% |
| Operating profit (loss)9901 | €6k | €-76k | €-82k | €-68k | €16k | ▲ 124% |
| Financial income75/76B | - | €35 | €91 | - | - | - |
| Recurring financial income75 | - | €35 | €91 | - | - | - |
| Financial charges65/66B | €14k | €14k | €9k | €16k | €12k | ▼ 26.8% |
| Recurring financial charges65 | €14k | €14k | €9k | €16k | €12k | ▼ 26.8% |
| Profit (loss) for the period before taxes9903 | €-7k | €-90k | €-91k | €-84k | €4k | ▲ 105% |
| Income taxes67/77 | €134 | €276 | - | - | - | - |
| Profit (loss) for the period9904 | €-8k | €-90k | €-91k | €-84k | €4k | ▲ 105% |
| Profit (loss) for the period to be appropriated9905 | €-8k | €-90k | €-91k | €-84k | €4k | ▲ 105% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €860k | €593k | €489k | €441k | €503k | ▲ 14.0% |
| Fixed assets21/28 | €558k | €481k | €455k | €439k | €412k | ▼ 6.1% |
| Tangible fixed assets22/27 | €558k | €481k | €455k | €439k | €412k | ▼ 6.1% |
| Land and buildings22 | €503k | €478k | €452k | €439k | €412k | ▼ 6.1% |
| Plant, machinery and equipment23 | €51k | €1k | €391 | - | - | - |
| Furniture and vehicles24 | €3k | €3k | €2k | - | - | - |
| Leasing and similar rights25 | €554 | - | - | - | - | - |
| Current assets29/58 | €302k | €111k | €34k | €3k | €92k | ▲ 3,364% |
| Stocks and contracts in progress3 | €66k | - | - | - | - | - |
| Stocks30/36 | €66k | - | - | - | - | - |
| Amounts receivable within one year40/41 | €182k | €104k | €34k | €1k | €82k | ▲ 5,450% |
| Trade receivables40 | €160k | €94k | €26k | €1k | €82k | ▲ 8,057% |
| Other amounts receivable41 | €23k | €10k | €8k | €472 | €8 | ▼ 98.2% |
| Cash at bank and in hand54/58 | €53k | €7k | €13 | €1k | €10k | ▲ 719% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €860k | €593k | €489k | €441k | €503k | ▲ 14.0% |
| Equity10/15 | €199k | €108k | €17k | €-67k | €-62k | ▲ 6.6% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Revaluation surpluses12 | €220k | €220k | €220k | €220k | €220k | = |
| Reserves13 | €13k | €13k | €13k | €13k | €13k | = |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | €11k | €11k | €11k | €11k | €11k | = |
| Profit (loss) carried forward14 | €-53k | €-143k | €-235k | €-318k | €-314k | ▲ 1.4% |
| Amounts payable17/49 | €661k | €484k | €471k | €508k | €566k | ▲ 11.3% |
| Amounts payable after more than one year17 | €452k | €367k | €344k | €231k | €205k | ▼ 11.1% |
| Financial debts170/4 | €452k | €367k | €344k | €231k | €205k | ▼ 11.1% |
| Amounts payable within one year42/48 | €208k | €117k | €128k | €277k | €361k | ▲ 29.9% |
| Current portion of amounts payable after more than one year42 | €59k | €26k | €25k | €24k | €26k | ▲ 4.8% |
| Financial debts43 | €125k | - | €151 | - | - | - |
| Credit institutions430/8 | €125k | - | €151 | - | - | - |
| Trade debts44 | €22k | €49k | €22k | €40k | €2k | ▼ 95.8% |
| Suppliers440/4 | €22k | €49k | €22k | €40k | €2k | ▼ 95.8% |
| Taxes, remuneration and social security45 | - | €33k | €9 | €400 | - | - |
| Taxes450/3 | - | €24k | €9 | €400 | - | - |
| Remuneration and social security454/9 | - | €8k | - | - | - | - |
| Other amounts payable47/48 | €2k | €10k | €80k | €213k | €333k | ▲ 56.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-8k | €-90k | €-91k | €-84k | €4k | ▲ 105% |
| + Depreciation and write-downs630 | €59k | €27k | €27k | €29k | €27k | ▼ 6.7% |
| Operating cash flow (approximation) | €51k | €-63k | €-65k | €-55k | €31k | ▲ 157% |
| Investment in fixed assets (approximation) | - | €50k | €0 | €-13k | €0 | ▲ 100% |
| Change in cash | - | €-46k | €-7k | €1k | €8k | ▲ 627% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 30 days late
2025
31-12
Financial
Back to profitnet €4k
Net result €4k after 4 loss-making years.
10-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 153 days late
2023
31-12
Financial
Weakest financial yearnet €-91k
Net result drops to €-91k, the lowest in the series; recovery starts the following year.
24-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 116 days late
2022
17-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 17 days late
2021
21-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 52 days late
2020
31-12
Financial
Back to profitnet €21k
Net result €21k after one loss-making year.
31-12
Financial
Equity above €200kEq €206k ▲11.3%
Equity rises from €185k to €206k.
14-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 75 days late
2019
10-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
27-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 58 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 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, Waasmunster · 1 establishment unit since 1998
Ground area
1.5 ha
Building footprint
1,769 m²
Volume, LiDAR
14,643 m³
2 parcels, Flanders · tallest building 13.6 m, ±3 floors. Linked by address, not a title deed.
14
companies at this address
See who is registered here
1 establishment unit
Europark-Noord 50, 9100 Sint-Niklaas
since 19982.086.430.606
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42023A1078/00G000 | Flanders | 1.3 ha | 1 · 923 m² | 13.6 m · 3 fl. |
| 46442C0081/00R000 | Flanders | 1,959 m² | 1 · 846 m² | 9.6 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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ULTIMATE WOODWORKS
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Of 663 companies in sector 16110 we hold annual accounts for 320. 120 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 (pre-2019)
Founded14-04-1998
Fiscal year end31-12
Activities, NACEBEL 2025
16110Sawmilling and planing of wood
77399Renting and leasing of other machinery, equipment and tangible goods
Scores and ratios are computed by Checked and are not a credit decision.