Z-ART
ActiveZ-ART has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €143k and a net result of €18k. Equity is growing by ~14.8% per year across the filed fiscal years. Its solvency ranks better than 26% of 542 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
54
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability50▼-4
Solvency38▲+1
Growth52=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity tight (current ratio 1.09 against 0.9 in 2023; short-term debt: 33.9% and cash: 0% of total assets), and 87.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four 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 31
Relative position
BE, all sectors
reference
Sector 31
higher
← fewer bankruptcies
more bankruptcies →
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 · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-08-2025, 27 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
not confirmed
2024
27 d late
2023
117 d late
2022
241 d late
2021
31 d late
2020
101 d late
2019
214 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€143k▲ 14.8%
2023 · €125k
2018: €29k
2020: €88k
2021: €101k
2022: €108k
2023: €125k
2018 → 2024
Total assets
€1.11M▲ 5.7%
2023 · €1.05M
2018: €793k
2020: €775k
2021: €874k
2022: €924k
2023: €1.05M
2018 → 2024
Net result
€18k▲ 12.6%
2023 · €16k
2018: €70k
2020: €2k
2021: €13k
2022: €7k
2023: €16k
2018 → 2024
Working capital
€33k
2023 · €-29k
2018: €170k
2020: €177k
2021: €236k
2022: €385k
2023: €-29k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€88k-€101k▲ 14.8%€108k▲ 7.2%€125k▲ 15.1%€143k▲ 14.8%
Operating result€24k-€137k▲ 464%€40k▼ 70.6%€55k▲ 36.0%€63k▲ 15.1%
Net result€2k-€13k▲ 556%€7k▼ 43.9%€16k▲ 124%€18k▲ 12.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 15% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €620k
Fixed assets
€211k▼ 6.4%
Current assets
€409k▲ 49.1%
Equity and liabilities €1.11M
Equity
€143k▲ 14.8%
Debt
€965k▲ 4.4%
The debt ratio falls from 88.1% to 87.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€138k▲
2023 · €130k
Cash flow
€94k▲
2023 · €91k
Solvency
12.9%▲
2023 · 11.9%
Current ratio
1.09▲
2023 · 0.90
Quick ratio
1.09▲
2023 · 0.90
Debt / equity
6.74▼
2023 · 7.41
ROE
12.9%▼
2023 · 13.1%
ROA
1.7%▲
2023 · 1.6%
Interest coverage
3.45▼
2023 · 3.97
Debt
€965k▲
2023 · €924k
Debt ≤ 1 year
€376k▲
2023 · €303k
Debt > 1 year
€589k▼
2023 · €621k
Income taxes
€11k▲
2023 · €7k
Staff costs
€22▼
2023 · €7k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€1.05M€1.11M▲
Formation expenses20€549k€488k▼
Fixed assets21/28€226k€211k▼
Tangible fixed assets22/27€226k€211k▼
Land and buildings22€220k€207k▼
Plant, machinery and equipment23€276€151▼
Furniture and vehicles24€5k€4k▼
Current assets29/58€274k€409k▲
Amounts receivable after more than one year29€56k€161k▲
Other amounts receivable291€56k€161k▲
Amounts receivable within one year40/41€216k€247k▲
Trade receivables40€215k€247k▲
Other amounts receivable41€1k€68▼
Cash at bank and in hand54/58€2k€413▼
Equity and liabilities
Total equity and liabilities10/49€1.05M€1.11M▲
Equity10/15€125k€143k▲
Contributions10/11€7k€7k=
Reserves13€121k€121k=
Tax-exempt reserves132€4k€4k=
Distributable reserves133€117k€117k=
Profit (loss) carried forward14€-3k€15k▲
Amounts payable17/49€924k€965k▲
Amounts payable after more than one year17€621k€589k▼
Financial debts170/4€258k€223k▼
Other amounts payable178/9€362k€365k▲
Amounts payable within one year42/48€303k€376k▲
Current portion of amounts payable after more than one year42€37k€55k▲
Financial debts43€217k€261k▲
Credit institutions430/8€217k€261k▲
Trade debts44€38k€42k▲
Suppliers440/4€38k€42k▲
Taxes, remuneration and social security45€12k€18k▲
Taxes450/3€12k€18k▲
Remuneration and social security454/9€61-
Income statement
Code20232024
Remuneration, social security and pensions62€7k€22▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€75k€75k▲
Other operating charges640/8€28k€3k▼
Gross operating margin9900€165k€141k▼
Operating profit (loss)9901€55k€63k▲
Financial income75/76B€1k€7k▲
Recurring financial income75€2€7k▲
Non-recurring financial income76B€1k-
Financial charges65/66B€33k€40k▲
Recurring financial charges65€33k€40k▲
Profit (loss) for the period before taxes9903€23k€30k▲
Income taxes67/77€7k€11k▲
Profit (loss) for the period9904€16k€18k▲
Profit (loss) for the period to be appropriated9905€16k€18k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-3k€15k▲
Profit (loss) brought forward from the previous period14P€-20k€-3k▲
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
2024
25-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 117 days late
28-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 241 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Equity above €100kEq €101k ▲14.8%
3 profitable years in a row build equity to €101k.
09-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 101 days late
02-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 214 days late
2020
31-12
Financial
Weakest financial yearnet €2k ▼97.2%
Net result drops to €2k, the lowest in the series; recovery starts the following year.
2019
04-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 126 days late
2018
20-11
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 112 days late
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 28 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · 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
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, Lanaken · 1 establishment unit since 2004
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.
Paalsteenlaan 353620 LanakenGround area
1,257 m²
Building footprint
209 m²
Volume, LiDAR
1,155 m³
Parcel 73057A0304/00H002, Flanders · tallest building 8.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Z-Art
since 20042.145.723.835
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73057A0304/00H002 | Flanders | 1,257 m² | 1 · 209 m² | 8.3 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.
Similar companies · same sector, comparable size
DECOTA
BE 0434.059.261
Wortegem-Petegem · Eq €143k
VAES
BE 0446.070.930
Pelt · Eq €142k
ALLUUR
BE 0411.912.973
Ingelmunster · Eq €141k
VANDEN BERGHE - CLAERHOUT
BE 0828.110.675
Langemark-Poelkapelle · Eq €141k
ALMO
BE 0892.569.056
Pelt · Eq €146k
Of 1,499 companies in sector 31004 we hold annual accounts for 620. 467 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded14-10-2004
Fiscal year end31-12
Activities, NACEBEL
31004Manufacture of dining room, living room, bedroom and bathroom furniture
36141
43310Plastering work
43350Other building finishing work
Sources
Crossroads Bank for EnterprisesNational Bank · 20 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.