Z-CONSTRUCT
ActiveSummary
Z-CONSTRUCT has been active since 2018 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €134,603 and a net result of -€16,114. Equity is growing by about 14% per year across the filed financial years. Its solvency ranks better than 37% of 17,021 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
- Equity
- €134,603
- Loss
- -€16,114
Why 85raises riskNo registered site in the KBOlowers riskSize: total assets €904,535Sector: Real estate activities (NACE 68)Figures for financial year 2025 (filed 31-01-2026)Show the evidence
Checked score
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 36% on solvency, 9% on liquidity, 18% on profitability and 27% on growth.
The bankruptcy probability was computed on 23-10-2026 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
This company filed its last 7 accounts on average 6 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)
- Annual accounts filedfinancial year 2025 · micro…
- Annual accounts filedfinancial year 2024 · abbreviated…
- Equity above €150,000equity €150,717 ▲11.7%
Financials · financial year 2025, micro format
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result turns negative in 2025: a loss of €11,864 after €36,862 in 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 68, Real estate activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 748 companies that looked in July 2024 the way this one looks now, 1.3% went bankrupt within 24 months and 96.5% are still going.
- Small
- 5 to 10 years old
- solvency 10 to 30%
- a small loss
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,474 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 748 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | - | - | €5 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €246 | €413 | €2,056 | €3,183 | €11,990 | €11,302 | ▼ 5.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | - | €330,850 | - | - |
| Other operating charges640/8 | - | - | - | €306 | €200 | €590 | €584 | ▼ 0.9% |
| Gross operating margin9900 | -€26,622 | €186,579 | -€28,956 | €68,737 | €72,846 | €380,296 | €22 | ▼ 100.0% |
| Operating profit (loss)9901 | -€26,727 | €176,029 | -€29,469 | €66,376 | €69,463 | €36,862 | -€11,864 | - |
| Financial income75/76B | - | - | - | €2 | €71 | €0 | €315 | ▲ 349,744% |
| Recurring financial income75 | - | €5 | €1 | €2 | €71 | €0 | €315 | ▲ 349,744% |
| Financial charges65/66B | - | - | - | €7,513 | €13,236 | €15,278 | €4,564 | ▼ 70.1% |
| Recurring financial charges65 | €1,926 | €12,406 | €1,046 | €7,513 | €13,236 | €15,278 | €4,564 | ▼ 70.1% |
| Profit (loss) for the period before taxes9903 | -€28,653 | €163,629 | -€30,515 | €58,865 | €56,298 | €21,583 | -€16,114 | - |
| Income taxes67/77 | - | €30,746 | -€7,337 | €3,828 | €9,860 | €5,793 | - | - |
| Profit (loss) for the period9904 | -€28,653 | €132,883 | -€23,178 | €55,037 | €46,438 | €15,790 | -€16,114 | - |
| Profit (loss) for the period to be appropriated9905 | -€28,653 | €132,883 | -€23,178 | €55,037 | €46,438 | €15,790 | -€16,114 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €1.8m | €0.3m | €0.3m | €0.7m | €0.9m | €0.9m | €0.9m | ▲ 4.6% |
| Fixed assets21/28 | €1.5m | €491 | €0.001m | €0.009m | €0.02m | €0.03m | €0.02m | ▼ 40.7% |
| Tangible fixed assets22/27 | €1.5m | €491 | €0.001m | €0.006m | €0.01m | €0.02m | €0.01m | ▼ 50.6% |
| Plant, machinery and equipment23 | - | - | - | €460 | €0.002m | €0.001m | €0.001m | ▼ 50.1% |
| Furniture and vehicles24 | - | - | - | €0.006m | €0.008m | €0.02m | €0.01m | ▼ 50.6% |
| Financial fixed assets28 | - | - | - | €0.002m | €0.005m | €0.005m | €0.005m | = |
| Current assets29/58 | €0.3m | €0.3m | €0.3m | €0.7m | €0.9m | €0.8m | €0.9m | ▲ 6.1% |
| Stocks and contracts in progress3 | - | €0.02m | €0.1m | €0.3m | €0.5m | €0.4m | €0.5m | ▲ 28.0% |
| Contracts in progress37 | - | - | - | €0.3m | €0.5m | €0.4m | €0.5m | ▲ 28.0% |
| Amounts receivable within one year40/41 | €0.003m | €0.1m | €0.1m | €0.3m | €0.3m | €0.4m | €0.3m | ▼ 17.9% |
| Trade receivables40 | - | - | - | - | €0.001m | €0.002m | €0.002m | ▼ 7.6% |
| Other amounts receivable41 | - | - | - | €0.3m | €0.3m | €0.4m | €0.3m | ▼ 17.9% |
| Cash at bank and in hand54/58 | €0.3m | €0.1m | €0.06m | €0.1m | €0.03m | €0.03m | €0.03m | ▲ 8.5% |
| Deferred charges and accrued income490/1 | - | - | - | - | €0.001m | €0.002m | €0.002m | ▼ 11.2% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €1.8m | €0.3m | €0.3m | €0.7m | €0.9m | €0.9m | €0.9m | ▲ 4.6% |
| Equity10/15 | -€0.02m | €0.1m | €0.09m | €0.1m | €0.1m | €0.2m | €0.1m | ▼ 10.7% |
| Contributions10/11 | €0.01m | - | - | €0.01m | €0.01m | €0.01m | €0.01m | = |
| Profit (loss) carried forward14 | -€0.03m | €0.1m | €0.08m | €0.1m | €0.1m | €0.1m | €0.1m | ▼ 11.6% |
| Amounts payable17/49 | €1.9m | €0.1m | €0.2m | €0.6m | €0.7m | €0.7m | €0.8m | ▲ 7.8% |
| Amounts payable within one year42/48 | €1.9m | €0.1m | €0.2m | €0.6m | €0.7m | €0.7m | €0.8m | ▲ 7.8% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.2m | - | - | - | - |
| Financial debts43 | - | - | - | €0.3m | €0.3m | €0.6m | €0.7m | ▲ 12.2% |
| Other loans439 | - | - | - | €0.3m | €0.3m | €0.6m | €0.7m | ▲ 12.2% |
| Trade debts44 | - | €0.001m | €0.01m | €0.08m | €0.3m | €0.04m | €0.05m | ▲ 46.0% |
| Suppliers440/4 | - | - | - | €0.08m | €0.3m | €0.04m | €0.05m | ▲ 46.0% |
| Taxes, remuneration and social security45 | - | - | - | €0.06m | €0.1m | €0.03m | €0.02m | ▼ 42.0% |
| Taxes450/3 | - | - | - | €0.06m | €0.1m | €0.03m | €0.006m | ▼ 82.1% |
| Remuneration and social security454/9 | - | - | - | - | - | - | €0.01m | - |
| Other amounts payable47/48 | - | - | - | €0.04m | €0.06m | €0.04m | €0.02m | ▼ 50.0% |
| Accrued charges and deferred income492/3 | - | - | - | - | €197 | €5 | €38 | ▲ 641% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€0.03m | €0.1m | -€0.02m | €0.06m | €0.05m | €0.02m | -€0.02m | - |
| + Depreciation and write-downs630 | - | €246 | €413 | €0.002m | €0.003m | €0.01m | €0.01m | ▼ 5.7% |
| Operating cash flow (approximation) | -€0.03m | €0.1m | -€0.02m | €0.06m | €0.05m | €0.03m | -€0.005m | - |
| Investment in fixed assets (approximation) | - | €1.5m | -€0.001m | -€0.01m | -€0.01m | -€0.02m | €0 | - |
| Change in cash | - | -€0.2m | -€0.08m | €0.04m | -€0.07m | -€0.002m | €0.002m | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (7)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-06-2025 | micro format | 29-01-2026 | 2026-00023921 |
| 30-06-2024 | abbreviated format | 31-01-2025 | 2025-00024171 |
| 30-06-2023 | micro format | 18-12-2023 | 2023-00531287 |
| 30-06-2022 | micro format | 08-02-2023 | 2023-00025351 |
| 30-06-2021 | micro format | 28-01-2022 | 2022-03100479 |
| 30-06-2020 | micro format | 28-01-2021 | 2021-02300306 |
| 30-06-2019 | micro format | 30-01-2020 | 2020-03400082 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| De Weghe Jurgen |
|
| DE WEGHE Theofiel Fredy |
|
Owners and capital
Owners
1 ownerOwners 1
- Jürgen De Weghenatural personSourceown accounts 30-06-2024100%
According to the annual accounts to 30-06-2025 of Z-CONSTRUCT and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Capital and shareholders
- 23-01-2024 Capital stated in the deed · 186 shares
Group and network
Holdings and subsidiaries
1 holdingHoldings 1
-
50%
According to the annual accounts to 30-06-2025 of Z-CONSTRUCT and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
23-01
Gazette deed
Resignations: De Weghe Jurgen (manager) and DE WEGHE Theofiel Fredy (manager)Appointment: De Weghe Jurgen (director) · Registered office clause · Power of attorney12 facts ▸
- Director resignation, De Weghe Jurgen (manager)
- Director resignation, DE WEGHE Theofiel Fredy (manager)
- Director appointment, De Weghe Jurgen (director (not named in the articles))
- Other provision, “kwijting aan ontslagnemende zaakvoerders voor uitoefening mandaat, volgende jaarvergadering zal beslissen” (deed in Dutch)
- Registered office clause, “1770 Liedekerke,Stationsstraat 140” (deed in Dutch)
- Power of attorney
- Power of attorney, Olivier De Ruyver (instrumenterende notaris)
- General meeting, 22-12-2023
- Other provision, “aanpassing statuten aan WVV en behoud rechtsvorm, statuten aanpassen aan bepalingen WVV” (deed in Dutch)
- Capital conversion, EUR, “aangelegde statutair onbeschikbare eigen vermogensrekening opgeheven en middelen beschikbaar gemaakt voor uitkering” (deed in Dutch)
- Other provision, “aanneming volledig nieuwe statuten, volledig nieuwe statuten aannemen in overeenstemming met WVV” (deed in Dutch)
- Capital
About the unread acts
Of the 2 Belgian Official Gazette deeds we know for this company, 1 has been read. The other one has not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 24 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits
Source: Omgevingsloket Vlaanderen. Flanders only: Brussels and Wallonia do not publish the applicant.
Sites & property
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 23044A0354/00T002 | Flanders | 1,196 m² | 1 · 95 m² | 9.8 m · 3 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “De vennootschap mag alle roerende en onroerende goederen verwerven, vervreemden, huren, verhuren, doen bouwen, fabriceren en oprichten…” (deed in Dutch)
19 activities (deed in Dutch)
- De vennootschap mag alle roerende en onroerende goederen verwerven, vervreemden, huren, verhuren, doen bouwen, fabriceren en oprichten, zowel voor eigen rekening als voor rekening van derden.
- Het beheer van een roerend en onroerend patrimonium.
- Aankoop van producten en het vervaardigen van materialen, dienstig in de bouwnijverheid.
- Het verwerven, beheren, onderhouden en oordeelkundig uitbreiden van een patrimonium, hoofdzakelijk bestaande uit onroerende goederen welke de vennootschap ook mag vervreemden indien daarvoor goede redenen bestaan. Binnen het kader van haar doelstelling zal de vennootschap mogen overgaan tot het aankopen, uitrusten, restaureren, valoriseren, bouwen en verbouwen, huren en verhuren van onroerende goederen al dan niet gemeubeld, alsmede tot alle verrichtingen van onroerende leasing.
- Het beleggen van beschikbare middelen in roerende goederen en alle investeringsgoederen in het algemeen.
- Het geven van cursussen en opleidingen, het organiseren van studiedagen en studiereizen.
- Het uitvoeren van werken in verband met sanitair, loodgieterij, schrijnwerkerij, dakwerken, en aanverwante activiteiten in de meest ruime zin, alsmede het uitvoeren van alle werken in verband met centrale verwarming.
- Alle verbouwings-, verfraaiings-, en herstellingswerken, alle slopingswerken, het invoegen en reinigen van gevels.
- Het waterdicht maken en bedaken van gebouwen met asfalt en teer, de droogmaking van gebouwen anders dan met teer en asfalt.
- Het reinigen en ontsmetten van gebouwen, lokalen, meubels, stofferingen en allerhande voorwerpen.
- Aan- en verkoop van bouwmaterialen en werktuigen nodig voor het uitoefenen van de activiteit van de vennootschap.
- Het uitvoeren van alle elektrische werken.
- De coördinatie van bouwwerken.
- Algemene aannemingswerken.
- Transformatie van gebouwen en bouwwerken.
- Het voeren van het beheer en de directie van andere vennootschappen en/of bedrijven, alsook het uitoefenen van de functies van bestuurder en vereffenaar van andere vennootschappen.
- Het deelnemen aan het bestuur van andere vennootschappen als mandataris.
- Op gelijk welke wijze deelnemen in, of samenwerken met vennootschappen of ondernemingen die een gelijkaardig of een complementair voorwerp hebben en telkens wanneer deze deelname of samenwerking het verwezenlijken van het voorwerp kan bevorderen.
- Al het bovenstaande zowel in het binnen- als in het buitenland, voor eigen rekening als voor rekening van derden;
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- Z-CONSTRUCT
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest, voor zover geen wijziging taalregime” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Each director alone
- Board ruleHow the board is made up, meets and takes decisions.
- “Vergoeding bestuurders, geboekt op algemene kosten los van representatie-,reis-en verplaatsingskosten” (deed in Dutch)“Één of meer bestuurders, natuurlijke personen of rechtspersonen, al dan niet aandeelhouder” (deed in Dutch)“Geheel van bevoegdheden van bestuurders toegekend aan hem, met mogelijkheid deel te delegeren” (deed in Dutch)1 more provision on this in the deed
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- “TITEL V. ALGEMENE VERGADERING Artikel 16. Organisatie en bijeenroeping Ieder jaar wordt een gewone algemene vergadering van aandeelhouders…” (deed in Dutch)