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Z-KRACHT

Active
Public limited companyfounded 2011active for 15 yearsHerkenrodesingel 14, 3500 Hasselt, Belgium35 active companies are registered at this addressKBO/BCE: BE 0832.420.049
Summary

Z-KRACHT has been active since 2011 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €124.6m and a net result of €4.3m. Equity remains stable across the filed financial years (±1.7% per year). The computed 12-month bankruptcy probability is below 0.1% (very low).

Overview

Activity
“Activiteiten en handelingen van een vennootschap die handelt in energie en van een investerings-…” (deed in Dutch)
From the articlesNo NACE code in the KBO yet1 site
Size
€129.0mtotal assets 2025
Equity
€124.6m
Profit
€4.3m
Standalone figures, without subsidiaries
Financial health
95 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
< 0.1%
Structure
Parent
NUHMA AC · 50.01%
Board
9 members
Holdings
6
  • Nuhma CVGeneral manager · permanent representative Ludo Kelchtermans
Auditor: Moore AuditAccounts 81 days early
Why 95raises riskLiquidity: current ratio 1.28, cash €3.4mlowers riskSize: total assets €129.0m, files consolidated accountsFigures for financial year 2025 (filed 14-05-2026)Founded in 2011Show the evidence

Checked score

Score 2025
95 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 58% of its sector peers (no NACE code, large)
Financial strength · tick = 2024
Average
Solvency 100=
equity 96.6% of total assets
Liquidity 53+2
short-term debt 3.4% · cash 2.6%
Profitability 23-48
return on assets 3.3%
Bankruptcy probability, 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 11-2024: 0.2% 12-2024: 0.2%● unchanged vs 11-2024 01-2025: 0.2%● unchanged vs 12-2024 02-2025: 0.2%● unchanged vs 01-2025 03-2025: 0.2%● unchanged vs 02-2025 04-2025: 0.2%● unchanged vs 03-2025 05-2025: 0.3%▲ +0.1 percentage points vs 04-2025highest value 06-2025: 0.1%▼ -0.2 percentage points vs 05-2025 07-2025: 0.1%● unchanged vs 06-2025 08-2025: 0.1%● unchanged vs 07-2025 09-2025: 0.1%● unchanged vs 08-2025 10-2025: 0.1%● unchanged vs 09-2025 11-2025: < 0.1%▼ -0.1 percentage points vs 10-2025lowest value 12-2025: < 0.1%● unchanged vs 11-2025lowest value 01-2026: < 0.1%● unchanged vs 12-2025 02-2026: < 0.1%● unchanged vs 01-2026 03-2026: < 0.1%● unchanged vs 02-2026 04-2026: < 0.1%● unchanged vs 03-2026 05-2026: < 0.1%● unchanged vs 04-2026 06-2026: < 0.1%● unchanged vs 05-2026 07-2026: < 0.1%● unchanged vs 06-2026 08-2026: < 0.1%● unchanged vs 07-2026 09-2026: < 0.1%● unchanged vs 08-2026 10-2026: < 0.1%● unchanged vs 09-2026
Credit of up to €11,800,000 on 30-day terms is acceptable
Liquidity tight (current ratio 1.28, compared with 1.27 in 2024, below the usual 1.5; short-term debt: 3.4% and cash: 2.6% of total assets), and 3.4% of the assets are financed with debt and provisions.
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 (no NACE code, large): better than 67% on solvency, 82% on liquidity, 17% on profitability and 65% on growth.

The bankruptcy probability was computed on 18-10-2026 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

Five signals.
lowers riskraises riskneutral
lowers risk · Size: total assets €129.0m, files consolidated accounts
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
lowers risk · Figures for financial year 2025 (filed 14-05-2026)
NBB · annual accounts
raises risk · Liquidity: current ratio 1.28, cash €3.4m
NBB · annual accounts
lowers risk · Founded in 2011
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
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 11-05-2026, 81 days ahead of the deadline.
NBB · 8 filings
Deviation from the deadline
2025
81 days early
2024
66 days early
2023
79 days early
2022
77 days early
2021
88 days early
2020
71 days early
2019
67 days early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 76 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 14 May (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
19-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Resignation: Toon Vancoillie (director)Appointments: Kristof Pillaert, Kristof Bossuyt…
  2. Annual accounts filedfinancial year 2025 · full…
  3. Annual accounts filedfinancial year 2025 · consolidated

Key points

  • Caution: Result fell in 2025from €18.4m to €4.3m ▼ 76.5% View
  • Positive: Always filed on timeaccounts within the deadline every year 8 years View
  • Positive: 8 profitable years in a rowprofit 2025: €4.3m 8 years View
  • Controlled by NUHMA ACknown shareholders 98.18% 50.01% View
  • Board changedlatest change 18-08-2026 · 9 in office 1 joined · 1 left View

By topic

Financials

Financial year
2025
Total assets
€129.0m
Profit
€4.3m
Solvency
96.6%
Total assets▼ 5.9%
Net result
20182025
Go to Financials

Board & ownership

Board
9 members
Parent
NUHMA AC · 50.01%
Known shareholders
98.18%
Auditor
Moore Audit
  • GVCDirector
  • David De BrabantDirector
  • DEFIEUW KevinDirector
  • Dumst GuyDirector
  • Habib El OuakiliDirector

and 4 other directors

Go to Board & ownership

Network & group

Group
NUTSBEDRIJVEN HOUDSTERMAATSCHAPPIJ
Holdings
6
Connected companies
83

6 holdings

Go to Network & group

Timeline

Events
48
Since
2011
Next accounts
by 31-07-2027
  1. 17-12-2025Resignations: André Vautmans, Mark Vanleeuw and 10…
  2. 26-05-2025Annual accounts filed
  3. 26-05-2025Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Founded
04-01-2011
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
1
Purpose
“Activiteiten en handelingen van een vennootschap die handelt in energie en van een…” (deed in Dutch)
Go to Articles of association

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