Z GLOBAL
ActiveZ GLOBAL has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €174k and a net result of €18k. Equity is shrinking by ~4.4% per year across the filed fiscal years. Its solvency ranks better than 9% of 4812 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability51▲+32
Solvency16▼-2
Growth32=
Stability100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days acceptable
Liquidity tight (current ratio 1.09 against 1.13 in 2024), and 94.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
5.1%
Return on assets
0.5%
Age of the figures
8 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
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
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 9% of 4812 sector peers (2025).
NBB · sector comparisonPosition among 4812 sector peers
Solvency
better than 9%
← weakest
strongest →
lowers risk · Growing equity
Equity grew over 2023-2025. Profits are largely retained rather than distributed.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €174k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 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
28 d late
2024
30 d late
2023
25 d late
2022
3 d late
2021
31 d late
2020
86 d late
2019
16 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
12-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€18k▲ 207%
2024 · €6k
2018: €99k
2019: €63k
2020: €206k
2021: €4k
2022: €132k
2023: €65k
2024: €6k
2018 → 2025
Working capital
€265k▲ 5.5%
2024 · €251k
2018: €381k
2019: €348k
2020: €462k
2021: €542k
2022: €485k
2023: €233k
2024: €251k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€461k-€335k▼ 27.3%€150k▼ 55.2%€156k▲ 3.9%€174k▲ 11.4%
Operating result€19k-€391k▲ 1,924%€214k▼ 45.1%€138k▼ 35.7%€49k▼ 64.3%
Net result€4k-€132k▲ 3,399%€65k▼ 50.7%€6k▼ 91.1%€18k▲ 207%
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 64% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.42M
Fixed assets
€229k▲ 12.0%
Current assets
€3.19M▲ 47.1%
Equity and liabilities €3.42M
Equity
€174k▲ 11.4%
Debt
€3.25M▲ 46.4%
The debt ratio rises from 93.4% to 94.9%: debt grows faster than equity.
Key figures and ratios
EBITDA
€59k▼
2024 · €194k
Cash flow
€28k▼
2024 · €62k
Solvency
5.1%▼
2024 · 6.6%
Current ratio
1.09▼
2024 · 1.13
Quick ratio
0.22▼
2024 · 0.23
Debt / equity
18.73▲
2024 · 14.25
ROE
10.2%▲
2024 · 3.7%
ROA
0.5%▲
2024 · 0.2%
Interest coverage
1.16▼
2024 · 1.20
Debt
€3.25M▲
2024 · €2.22M
Debt ≤ 1 year
€2.93M▲
2024 · €1.92M
Debt > 1 year
€320k▲
2024 · €300k
Income taxes
€11k▼
2024 · €11k
Staff costs
€21k▼
2024 · €53k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€2.38M€3.42M▲
Fixed assets21/28€204k€229k▲
Tangible fixed assets22/27€86k€110k▲
Furniture and vehicles24€57k€92k▲
Leasing and similar rights25€28k€18k▼
Financial fixed assets28€119k€119k=
Current assets29/58€2.17M€3.19M▲
Stocks and contracts in progress3€1.74M€2.55M▲
Stocks30/36€1.74M€2.55M▲
Amounts receivable within one year40/41€433k€633k▲
Trade receivables40€426k€625k▲
Other amounts receivable41€6k€8k▲
Cash at bank and in hand54/58€900€12k▲
Equity and liabilities
Total equity and liabilities10/49€2.38M€3.42M▲
Equity10/15€156k€174k▲
Contributions10/11€19k€19k=
Capital10€19k€19k=
Issued capital100€19k€19k=
Reserves13€131k€131k=
Non-distributable reserves130/1€2k€2k=
Legal reserve130€2k€2k=
Distributable reserves133€130k€130k=
Profit (loss) carried forward14€6k€24k▲
Amounts payable17/49€2.22M€3.25M▲
Amounts payable after more than one year17€300k€320k▲
Financial debts170/4€300k€320k▲
Amounts payable within one year42/48€1.92M€2.93M▲
Current portion of amounts payable after more than one year42€48k€30k▼
Trade debts44€1.74M€2.64M▲
Suppliers440/4€1.74M€2.64M▲
Taxes, remuneration and social security45€132k€260k▲
Taxes450/3€130k€260k▲
Remuneration and social security454/9€2k-
Other amounts payable47/48€5k€600▼
Income statement
Code20242025
Non-recurring operating income76A-€21k
Remuneration, social security and pensions62€53k€21k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€56k€10k▼
Other operating charges640/8€4k€4k▼
Gross operating margin9900€251k€85k▼
Operating profit (loss)9901€138k€49k▼
Financial income75/76B€42k€31k▼
Recurring financial income75€42k€31k▼
Financial charges65/66B€162k€51k▼
Recurring financial charges65€162k€51k▼
Profit (loss) for the period before taxes9903€17k€29k▲
Income taxes67/77€11k€11k▼
Profit (loss) for the period9904€6k€18k▲
Profit (loss) for the period to be appropriated9905€6k€18k▲
Appropriation of the result
Profit (loss) to be appropriated9906€6k€24k▲
Profit (loss) brought forward from the previous period14P-€6k
The notes to these accounts (15 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 28 days late
2025
30-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 30 days late
2024
31-12
Financial
Equity above €150kEq €156k ▲3.9%
7 profitable years in a row build equity to €156k.
25-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 25 days late
2023
03-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 3 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
31-12
Financial
Weakest financial yearnet €4k ▼98.2%
Net result drops to €4k, the lowest in the series; recovery starts the following year.
25-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 86 days late
2020
31-12
Financial
Highest result since 2018net €206k ▲225%
Net result €206k, the highest in the series.
16-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 16 days late
2019
31-12
Financial
Equity above €200kEq €248k ▲34.5%
2 profitable years in a row build equity to €248k.
21-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 21 days late
2018
27-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 58 days late
2017
11-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 11 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 director, no change since 2025
TIZOV Zaza
CurrentDirector · since 17-01-2025
17-01-2025
Resigned as Director
17-01-2025
Appointed as Director
Location & real-estate footprint
Registered office, Antwerpen · 1 establishment unit since 2014
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.
Huidevettersstraat 38-402000 AntwerpenGround area
1,372 m²
Building footprint
1,250 m²
Volume, LiDAR
7,329 m³
Parcel 11803C1718/00C000, Flanders · tallest building 26.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Z Global bvba
since 20142.235.340.947
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11803C1718/00C000 | Flanders | 1,372 m² | 1 · 1,249 m² | 26.4 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
MIL BUSINESS
BE 0675.483.056
Elsene · Eq €174k
AMSTRAMGLAM
BE 0680.812.019
Namur · Eq €174k
SOGEBEL
BE 0440.856.486
Liège · Eq €174k
XABO
BE 0717.561.854
Zulte · Eq €173k
LECLERC EXPORT
BE 0805.244.411
Spa · Eq €173k
Of 6,127 companies in sector 46190 we hold annual accounts for 2,553. 1,892 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded19-09-2014
Fiscal year end31-12
Activities, NACEBEL
46190Agents in non-specialised wholesale trade
46130Agents in the wholesale of timber and building materials
46140Agents in the wholesale of industrial machinery, ships and aircraft
46150Agents in the wholesale of furniture, household goods and hardware
47120Other non-specialised retail sale
47910Retail trade
Sources
Crossroads Bank for EnterprisesNational Bank · 11 filingsAddress and cadastre registers
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.