Z.D.
ActiveSummary
The computed 12-month bankruptcy probability of Z.D. is 1.9% (moderate). For Z.D., at least two filing cycles of the annual accounts are missing. The 2022 annual accounts show equity of €204,015 and a net result of €29,229. Equity remains stable across the filed fiscal years (±0.9% per year). The company has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
No current score
Figures too old
The available figures for FY 2022 are too old to assess current financial health.
Filing: At least two filing cycles are missing
Axes, FY 2022 · tick = 2021
Profitability60▲+43
Solvency88▲+38
Growth78▲+46
Track record100
Bankruptcy probability, 12 months
1.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
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Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 2022Solvency, return and age of the figures
Solvency
63.4%
Return on assets
9.1%
Age of the figures
45 mo
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 · Two or more financial years not filed
Since the financial year that closed on 31-12-2023, 3 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2023 close31-07-2024 deadline30-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 09-10-2023, 70 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
not filed
2023
not filed
2022
70 d late
2021
78 d late
2020
270 d late
2019
115 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 4 accounts on average 133 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
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Financials · fiscal year 2022, micro schema
Equity
€204,015▲ 16.7%
2021 · €174,786
Total assets
€321,732▼ 53.2%
2021 · €686,884
Net result
€29,229
2021 · -€9,545
Working capital
€161,015▼ 41.6%
2021 · €275,929
Trend over the years
In euros
In euros
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20182019202020212022
Operating result-€4,533--€5,042▼ 11.2%-€16,551▼ 228%-€16,559=€17,299
Net result€2,887-€2,920▲ 1.2%-€2,318-€9,545▼ 312%€29,229
Equity€183,728-€186,649▲ 1.6%€184,331▼ 1.2%€174,786▼ 5.2%€204,015▲ 16.7%
Total assets€309,229-€312,039▲ 0.9%€693,087▲ 122%€686,884▼ 0.9%€321,732▼ 53.2%
Debt€111-€387,545€390,889▲ 0.9%€117,717▼ 69.9%
Working capital€309,118-€274,008€275,929▲ 0.7%€161,015▼ 41.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2022: €17,299 after a loss of €16,559 in 2021, the highest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €321,732
Fixed assets
€43,000 ▼ 89.4%
Current assets
€278,732 ▼ 0.4%
Equity and liabilities €321,732
Equity
€204,015 ▲ 16.7%
Provisions
€0 ▼ 100%
Debt
€117,717 ▼ 69.9%
Debt's share of the balance-sheet total falls from 56.9% to 36.6%. Equity is higher and debt is lower.
Key figures and ratios
Current ratio
2.37▼
2021 · 71.96
Debt to equity
0.58▼
2021 · 2.24
ROE
14.3%▲
2021 · -5.5%
ROA
9.1%▲
2021 · -1.4%
Debt ≤ 1 year
€117,717▲
2021 · €3,889
Income taxes
€117,480
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €22,933 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €11,467 | €11,467 | - | - |
| Other operating charges640/8 | - | - | €348 | €357 | €100 | ▼ 72.0% |
| Gross operating margin9900 | -€4,186 | -€4,695 | -€4,737 | -€4,736 | €17,399 | ▲ 467% |
| Operating profit (loss)9901 | -€4,533 | -€5,042 | -€16,551 | -€16,559 | €17,299 | ▲ 204% |
| Financial income75/76B | - | - | €10,102 | €7,072 | €8,292 | ▲ 17.3% |
| Recurring financial income75 | €7,471 | €7,993 | €10,102 | €7,072 | €8,292 | ▲ 17.3% |
| Financial charges65/66B | - | - | €48 | €58 | €92 | ▲ 58.6% |
| Recurring financial charges65 | €50 | €30 | €48 | €58 | €92 | ▲ 58.6% |
| Profit (loss) for the period before taxes9903 | €2,887 | €2,920 | -€6,497 | -€9,545 | €25,499 | ▲ 367% |
| Transfer from deferred taxes780 | - | - | €4,180 | - | €121,210 | - |
| Income taxes67/77 | - | - | - | - | €117,480 | - |
| Profit (loss) for the period9904 | €2,887 | €2,920 | -€2,318 | -€9,545 | €29,229 | ▲ 406% |
| Transfer from tax-exempt reserves789 | - | - | €8,117 | - | €235,395 | - |
| Profit (loss) for the period to be appropriated9905 | €2,887 | €2,920 | €5,799 | -€9,545 | €264,624 | ▲ 2,872% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €309,229 | €312,039 | €693,087 | €686,884 | €321,732 | ▼ 53.2% |
| Fixed assets21/28 | - | - | €418,533 | €407,067 | €43,000 | ▼ 89.4% |
| Tangible fixed assets22/27 | - | - | €418,533 | €407,067 | €43,000 | ▼ 89.4% |
| Land and buildings22 | - | - | €418,533 | €407,067 | - | - |
| Assets under construction and advance payments27 | - | - | - | - | €43,000 | - |
| Current assets29/58 | €309,229 | €312,039 | €274,553 | €279,818 | €278,732 | ▼ 0.4% |
| Amounts receivable within one year40/41 | €91,037 | €142,030 | €109,131 | €116,203 | €124,353 | ▲ 7.0% |
| Other amounts receivable41 | - | - | €109,131 | €116,203 | €124,353 | ▲ 7.0% |
| Cash at bank and in hand54/58 | €218,193 | €170,009 | €165,422 | €163,615 | €154,378 | ▼ 5.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €309,229 | €312,039 | €693,087 | €686,884 | €321,732 | ▼ 53.2% |
| Equity10/15 | €183,728 | €186,649 | €184,331 | €174,786 | €204,015 | ▲ 16.7% |
| Contributions10/11 | €64,987 | €64,987 | €64,987 | €64,987 | €64,987 | = |
| Capital10 | - | - | €64,987 | €64,987 | €64,987 | = |
| Issued capital100 | - | - | €64,987 | €64,987 | €64,987 | = |
| Reserves13 | €243,512 | €243,512 | €235,395 | €235,395 | €6,499 | ▼ 97.2% |
| Non-distributable reserves130/1 | - | - | - | - | €6,499 | - |
| Legal reserve130 | - | - | - | - | €6,499 | - |
| Tax-exempt reserves132 | - | - | €235,395 | €235,395 | - | - |
| Profit (loss) carried forward14 | -€124,771 | -€121,850 | -€116,051 | -€125,596 | €132,529 | ▲ 206% |
| Provisions and deferred taxes16 | €125,390 | €125,390 | €121,210 | €121,210 | - | - |
| Deferred taxes168 | - | - | €121,210 | €121,210 | - | - |
| Amounts payable17/49 | €111 | - | €387,545 | €390,889 | €117,717 | ▼ 69.9% |
| Amounts payable after more than one year17 | - | - | €387,000 | €387,000 | - | - |
| Financial debts170/4 | - | - | €387,000 | €387,000 | - | - |
| Amounts payable within one year42/48 | €111 | - | €545 | €3,889 | €117,717 | ▲ 2,927% |
| Trade debts44 | €111 | - | €545 | €3,889 | €237 | ▼ 93.9% |
| Suppliers440/4 | - | - | €545 | €3,889 | €237 | ▼ 93.9% |
| Taxes, remuneration and social security45 | - | - | - | - | €117,480 | - |
| Taxes450/3 | - | - | - | - | €117,480 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,887 | €2,920 | -€2,318 | -€9,545 | €29,229 | ▲ 406% |
| + Depreciation and write-downs630 | - | - | €11,467 | €11,467 | - | - |
| Operating cash flow (approximation) | €2,887 | €2,920 | €9,149 | €1,921 | €29,229 | ▲ 1,421% |
| Investment in fixed assets (approximation) | - | - | - | €0 | €364,067 | - |
| Change in cash | - | -€48,184 | -€4,586 | -€1,807 | -€9,237 | ▼ 411% |
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
2023
09-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 70 days late
2022
31-12
Financial
Back to profitnet €29,229
Net result €29,229 after 2 loss-making years.
31-12
Financial
Equity above €200,000Eq €204,015 ▲16.7%
Equity rises from €174,786 to €204,015.
17-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 78 days late
27-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 270 days late
2021
31-12
Financial
Weakest financial yearnet -€9,545
Net result drops to -€9,545, the lowest in the series; recovery starts the following year.
2020
23-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 115 days late
2019
25-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
14-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
27-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
25-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 25 days late
2015
09-06
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
2014
04-06
NBB filing
Annual accounts filed
fiscal year 2013 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
No directors read yet: 0 of 5 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Elsene · 1 establishment unit since 1994
Ground area
4,255 m²
Building footprint
1,510 m²
Volume, LiDAR
13,638 m³
2 parcels, Brussels, Wallonia · tallest building 21.4 m, ±2 floors. Linked by address, not a title deed.
75
companies at this address
See who is registered here
1 establishment unit
Z.D. SA
since 19942.043.378.640
2 parcels
Wallonia
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25024B0393/00S000 | Wallonia | 2,965 m² | 1 · 179 m² | 8.2 m · 2 fl. |
| 21445C0272/00M005 | Brussels | 1,289 m² | 1 · 1,331 m² | 21.4 m · 2 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.
Company details
Identification
Legal formPublic limited company
Founded13-02-1989
Fiscal year end31-12
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
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If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.