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Z.E.S.S.

Active
Private limited company (pre-2019)founded 201114 yrs activeEduard Arsenstraat 18, 2640 Mortsel, BelgiumKBO/BCE: BE 0840.146.890
Summary

The computed 12-month bankruptcy probability of Z.E.S.S. is 2.2% (moderate). The 2024 annual accounts show negative equity (-€2,927) and a net result of -€228. Equity is shrinking by ~8.4% per year across the filed fiscal years. The company has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2024
Axes · tick = 2023
Profitability32=
Solvency0=
Growth58=
Track record100
Bankruptcy probability, 12 months
2.2% Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.77 against 0.79 in 2023; short-term debt: 129.2% and cash: 0.3% of total assets), and equity is negative.
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Signals

Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
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 2024
Solvency, return and age of the figures
Solvency
-29.2%
Return on assets
-2.3%
Age of the figures
21 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 14 years 0 20 y
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 19-06-2026, 42 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
42 d early
2024
23 d early
2023
2 d early
2022
45 d early
2021
44 d early
2020
3 d late
2019
10 d early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 23 days before 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 (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. Usually files around 19 June (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 10 October 2011, Z.E.S.S. was incorporated.1 Total assets went from EUR 10,166 in 2018 to EUR 10,027 in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2024

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Financials · fiscal year 2024, micro schema, 2025 accounts filed, figures not processed yet

Equity
-€2,927▼ 8.4%
2023 · -€2,699
Total assets
€10,027▼ 0.5%
2023 · €10,073
Net result
-€228▼ 8.5%
2023 · -€210
Working capital
-€2,927▼ 8.4%
2023 · -€2,699
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
Line20202021202220232024
Operating result-€155▲ 8.1%-€156▼ 0.9%-€159▼ 2.0%-€173▼ 8.6%-€182▼ 5.3%
Net result-€230▲ 3.4%-€156▲ 32.3%-€159▼ 2.0%-€210▼ 32.1%-€228▼ 8.5%
Equity-€2,174▼ 11.9%-€2,330▼ 7.2%-€2,489▼ 6.8%-€2,699▼ 8.4%-€2,927▼ 8.4%
Total assets€10,000▼ 1.0%€10,000=€10,000=€10,073▲ 0.7%€10,027▼ 0.5%
Debt€12,174▲ 1.1%€12,330▲ 1.3%€12,489▲ 1.3%€12,772▲ 2.3%€12,954▲ 1.4%
Working capital-€2,174▼ 11.9%-€2,330▼ 7.2%-€2,489▼ 6.8%-€2,699▼ 8.4%-€2,927▼ 8.4%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€300-€200-€100€0Operating result 2020: -€155-€155Net result 2020: -€230-€230Operating result 2021: -€156-€156Net result 2021: -€156-€156Operating result 2022: -€159-€159Net result 2022: -€159-€159Operating result 2023: -€173-€173Net result 2023: -€210-€210Operating result 2024: -€182-€182Net result 2024: -€228-€22820202021202220232024-€300-€200-€100€0Operating result 2022: -€159-€159Net result 2022: -€159-€159Operating result 2023: -€173-€173Net result 2023: -€210-€210Operating result 2024: -€182-€182Net result 2024: -€228-€228202220232024
The operating result stays negative: a loss of €182 in 2024 against €173 in 2023; the loss grows and 2024 has the lowest result in the available series.
Key figures and ratios
2024 value · change against 2023
Solvency
-29.2%▼
2023 · -26.8%
Current ratio
0.77▼
2023 · 0.79
ROA
-2.3%▼
2023 · -2.1%
Debt ≤ 1 year
€12,954▲
2023 · €12,772
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 2,332 companies that looked in July 2024 the way this one looks now, 2.8% went bankrupt within 24 months and 91% are still going.

  • Micro
  • 10 to 20 years old
  • negative equity
  • a small loss
2.8% went bankrupt
5.8% stopped otherwise
91% still going

A further 0.7% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 2.2% 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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
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% 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 2,332 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.

Annual accounts
Filed annual accounts As filed with the NBB · 2024 against 2023 · 23 lines
Balance sheet Code20232024
Assets
Total assets20/58€10,073€10,027▼
Current assets29/58€10,073€10,027▼
Amounts receivable within one year40/41€10,000€10,000=
Other amounts receivable41€10,000€10,000=
Cash at bank and in hand54/58€73€27▼
Equity and liabilities
Total equity and liabilities10/49€10,073€10,027▼
Equity10/15-€2,699-€2,927▼
Contributions10/11€50,000€50,000=
Profit (loss) carried forward14-€52,699-€52,927▼
Amounts payable17/49€12,772€12,954▲
Amounts payable within one year42/48€12,772€12,954▲
Other amounts payable47/48€12,772€12,954▲
Income statement Code20232024
Goods, raw materials, services and sundry goods60/61€64€64▲
Other operating charges640/8€109€118▲
Gross operating margin9900-€64-€64▼
Operating profit (loss)9901-€173-€182▼
Financial charges65/66B€37€46▲
Recurring financial charges65€37€46▲
Profit (loss) for the period before taxes9903-€210-€228▼
Profit (loss) for the period9904-€210-€228▼
Profit (loss) for the period to be appropriated9905-€210-€228▼
Appropriation of the result
Profit (loss) to be appropriated9906-€52,699-€52,927▼
Profit (loss) brought forward from the previous period14P-€52,489-€52,699▼

The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20202021202220232024Change
Goods, raw materials, services and sundry goods60/61---€64€64▲ 0.3%
Other operating charges640/8-€101€102€109€118▲ 8.3%
Gross operating margin9900-€55-€55-€57-€64-€64▼ 0.3%
Operating profit (loss)9901-€155-€156-€159-€173-€182▼ 5.3%
Financial charges65/66B---€37€46▲ 23.3%
Recurring financial charges65€76--€37€46▲ 23.3%
Profit (loss) for the period before taxes9903-€230-€156-€159-€210-€228▼ 8.5%
Profit (loss) for the period9904-€230-€156-€159-€210-€228▼ 8.5%
Profit (loss) for the period to be appropriated9905-€230-€156-€159-€210-€228▼ 8.5%
Line20202021202220232024Change
Assets
Total assets20/58€10,000€10,000€10,000€10,073€10,027▼ 0.5%
Current assets29/58€10,000€10,000€10,000€10,073€10,027▼ 0.5%
Amounts receivable within one year40/41€10,000€10,000€10,000€10,000€10,000=
Other amounts receivable41-€10,000€10,000€10,000€10,000=
Cash at bank and in hand54/58---€73€27▼ 62.7%
Equity and liabilities
Total equity and liabilities10/49€10,000€10,000€10,000€10,073€10,027▼ 0.5%
Equity10/15-€2,174-€2,330-€2,489-€2,699-€2,927▼ 8.4%
Contributions10/11€50,000€50,000€50,000€50,000€50,000=
Capital10-€50,000----
Issued capital100-€50,000----
Profit (loss) carried forward14-€52,174-€52,330-€52,489-€52,699-€52,927▼ 0.4%
Amounts payable17/49€12,174€12,330€12,489€12,772€12,954▲ 1.4%
Amounts payable within one year42/48€12,174€12,330€12,489€12,772€12,954▲ 1.4%
Other amounts payable47/48-€12,330€12,489€12,772€12,954▲ 1.4%
Line20202021202220232024Change
Profit (loss) for the period9904-€230-€156-€159-€210-€228▼ 8.5%
Operating cash flow (approximation)-€230-€156-€159-€210-€228▼ 8.5%
Change in cash-----€46-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
19-06
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
08-07
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
29-07
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
16-06
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2022
17-06
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
2021
03-08
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 3 days late
2020
21-07
NBB filing Annual accounts filed
fiscal year 2019 · micro schema
2019
14-07
NBB filing Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
30-08
NBB filing Annual accounts filed
fiscal year 2016 · abbreviated schema · 395 days late
21-06
NBB filing Annual accounts filed
fiscal year 2017 · abbreviated schema
NBB filing
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
No directors read yet: 0 of 4 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Mortsel · 1 establishment unit since 2011
seat establishment approximate The establishment unit on the map
Ground area
1.9 ha
Building footprint
1.2 ha
Volume, LiDAR
110,644 m³
2 parcels, Flanders · tallest building 13.0 m, ±3 floors. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 establishment unit
Z.E.S.S.
Brandekensweg 13, 2627 SchelleOther manufacturing not elsewhere classified
since 20112.206.322.012
2 parcels
Flanders 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
11038C0286/00E000 Flanders 1.9 ha 1 · 1.2 ha 13.0 m · 3 fl.
11513C0085/00R004 Flanders 60 m² 1 · 52 m² 6.7 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 formPrivate limited company (pre-2019)
Founded10-10-2011
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.