Z Customs

Active

Public limited companyfounded 1978active for 48 yearsRue Mitoyenne 897, 4840 Welkenraedt, BelgiumKBO/BCE: BE 0418.634.479

Summary

The computed 12-month bankruptcy probability of Z Customs is 1.8% (moderate). The 2024 annual accounts show negative equity (-€180,037) and a net result of -€12,924. Equity is shrinking by about 34% per year across the filed financial years. Its solvency ranks better than 5% of 729 sector peers (NACE 52, financial year 2024). The company has been active since 1978 and the Belgian Official Gazette contains no insolvency or warning signals.

Risk analysisFollow Report Compare

Z CustomsActiveChecked score 52/100

Risk analysis Report Compare

Activity

Logistics services

NACE 52250

1 site

Size

€17,228total assets 2024

Equity: -€180,037
Loss: -€12,924

Financial health

52 Fair Checked score 2024

Bankruptcy probabilitywithin 12 months: 1.8%

Structure

Parent: CARGO INTERNATIONAL · 100%

2025 accounts not filed, 88 days past the deadline2 of 10 deeds summarised

Why 52raises riskSector: Warehousing and support activities for transportation (NACE 52)Loss of €12,924, the second in a row (financial year 2024)Figures for financial year 2024 (filed 15-07-2025)lowers riskFounded in 1978Show the evidence

Checked score

Score 2024

52 / 100

Fair

Probability in this band: 1.5% to 4.2%

Financially better than 18% of its sector peers (NACE 52, micro)

Every signal that counts is listed under Signals.

Financial strength · tick = 2023

Weak

Solvency 0=

equity -1045.0% of total assets

Liquidity 42-8

short-term debt 1099.6% · cash 33.6%

Profitability 0=

return on assets -75.0%

Bankruptcy probability, 12 months

1.8% Moderate

0%0.5%1.5%4%10%≥ 25%

About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.9% (2,300 companies, NACE 52, micro)

Last 24 months 11-2024: 2.4%highest value 12-2024: 2.4%● unchanged vs 11-2024highest value 01-2025: 2.4%● unchanged vs 12-2024highest value 02-2025: 1.2%▼ -1.2 percentage points vs 01-2025 03-2025: 1.2%● unchanged vs 02-2025 04-2025: 1.2%● unchanged vs 03-2025 05-2025: 1.2%● unchanged vs 04-2025 06-2025: 1.2%● unchanged vs 05-2025 07-2025: 1.2%● unchanged vs 06-2025 08-2025: 1.2%● unchanged vs 07-2025 09-2025: 1.2%● unchanged vs 08-2025 10-2025: 1.2%● unchanged vs 09-2025 11-2025: 1.2%● unchanged vs 10-2025 12-2025: 1.2%● unchanged vs 11-2025 01-2026: 1.2%● unchanged vs 12-2025 02-2026: 1.2%● unchanged vs 01-2026 03-2026: 1.2%● unchanged vs 02-2026 04-2026: 1.2%● unchanged vs 03-2026 05-2026: 1.1%▼ -0.1 percentage points vs 04-2026 06-2026: 1.1%● unchanged vs 05-2026lowest value 07-2026: 1.3%▲ +0.2 percentage points vs 06-2026 08-2026: 1.5%▲ +0.2 percentage points vs 07-2026 09-2026: 1.6%▲ +0.1 percentage points vs 08-2026 10-2026: 1.8%▲ +0.2 percentage points vs 09-2026

No credit on open account

Liquidity insufficient (current ratio 0.09, compared with 0.18 in 2023, below 1; cash: 33.6% of total assets), and equity is negative.

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 52, micro): better than 4% on solvency, 36% on liquidity, 5% on profitability and 26% on growth.

The bankruptcy probability was computed on 26-10-2026 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

Seven signals.

lowers riskraises riskneutral

Founded in 1978

Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.

KBO

Sector: Warehousing and support activities for transportation (NACE 52)

KBO

Loss of €12,924, the second in a row (financial year 2024)

NBB · annual accounts

Figures for financial year 2024 (filed 15-07-2025)

NBB · annual accounts

Negative equity

The 2024 annual accounts show negative equity and a net loss.

NBB · annual accounts 2024

Equity per financial year

18192021222324

2018 to 2024 · latest year -€180,037

Annual accounts not filed

The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 88 days later.

NBB · 10 filings

Position against the passed deadline

31-12-2025 year end31-07-2026 deadline27-10-2026 today

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 11-07-2025, 20 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

not filed

2024

20 days early

2023

21 days early

2022

14 days early

2021

34 days early

2020

25 days early

2019

63 days early

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 30 days before the deadline; the sector median (NACE 52) for financial year 2024 is 8 days before the deadline, and 36% of those companies filed late.

Searched, nothing found (1)

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

08-10-2026 Resignation: Jean-Luc Cobus (director)Gazette deed
11-07-2025 Annual accounts filedfinancial year 2024 · full…
10-07-2024 Annual accounts filedfinancial year 2023 · full…

Key points

Risk: Negative equityfinancial year 2024: debts exceed assets -€180,037 View
Risk: 4 loss-making years in a rowloss financial year 2024 -€12,924 View
Caution: Among the weakest 5% on solvencysector median 35.5% · 729 companies -1045.0% View
Caution: 2025 accounts not fileddeadline was 31-07-2026 88 days past the deadline View
Controlled by CARGO INTERNATIONALultimately: Carga 100% View
A director leftlatest change 08-10-2026 · 0 in office 1 left View
Active since 1978founded 05-07-1978 48 years View

By topic

Financials

Financial year: 2024
Total assets: €17,228
Loss: -€12,924
Solvency: -1045.0%

Total assets▼ 51.3%

Net result

20182024

Go to Financials

Board & ownership

Parent: CARGO INTERNATIONAL · 100%

Go to Board & ownership

Network & group

Group: Carga

Go to Network & group

Timeline

Events: 52
Since: 1979

17-07-2023Annual accounts filed
02-06-2023Resignations: Guy BIL, Erna VALDERRAMA CATALAN and…
27-06-2022Annual accounts filed

Go to Timeline

Company details

Sites: 1

Legal form: Public limited company
Activity: Logistics servicesNACE 52250
Founded: 05-07-1978
Year ends: 31-12
Peppol: Reachable for e-invoices

Go to Company details

Articles of association

Provisions read: 2

See the provisions in the deeds

Go to Articles of association

Key facts about Z Customs

What is the company number of Z Customs?: 0418.634.479. In Belgium the VAT number is the company number with BE in front: BE 0418.634.479.
Where is Z Customs based?: The registered office is at Rue Mitoyenne 897, 4840 Welkenraedt.Company details
What does Z Customs do?: According to the KBO register, the main activity is logistics services (NACE 52250).
What is the legal form of Z Customs?: Public limited company (NV).
When was Z Customs founded?: On 05-07-1978.
Is Z Customs still active?: Yes, Z Customs is an active enterprise in the KBO register.
How many employees does Z Customs have?: On average 1 full-time equivalents in financial year 2022, according to the filed annual accounts.Financials
What is the turnover of Z Customs?: Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.
Is Z Customs profitable?: In financial year 2024, Z Customs made a loss of €12,924.
Where can I find the annual accounts of Z Customs?: Z Customs filed 46 annual accounts with the National Bank of Belgium, the latest for financial year 2024.