Z Lab

Active

Private limited companyfounded 20205 yrs activeTervatestraat 21-23, 1040 Etterbeek, BelgiumKBO/BCE: BE 0756.789.050

The computed 12-month bankruptcy probability of Z Lab is 2.5% (moderate). The 2025 annual accounts show equity of €19k and a net result of €-5k. Equity is shrinking by ~6.5% per year across the filed fiscal years. Its solvency ranks better than 35% of 661 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2025

30 / 100

Weak▼ -70 vs 2024

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability0▼-100

Solvency30▼-62

Growth58=

Stability94

Bankruptcy probability, 12 months

2.5% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €500 at 30 days only on tighter terms

Liquidity short (current ratio 0.58 against 1.75 in 2024), and 74.2% of the assets are financed with debt.

How do we compute the score and the probability?

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

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Lower-failure-rate sector

In this sector companies fail less often than the Belgian average.

Gazette · bankruptcies per sector, NACE 58

Relative position

BE, all sectors

reference

Sector 58

lower

← fewer bankruptcies more bankruptcies →

Multiple establishment units

Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.

KBO · establishment units

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 2025

Solvency, return and age of the figures

Solvency

25.8%

Return on assets

-6.3%

Age of the figures

8 mo

Filed after the deadline

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 5 filings

Deviation from the deadline

2025

31 d late

2024

92 d late

2023

61 d late

2022

31 d late

2021

31 d late

← before the deadline after the deadline →

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 months

Position in the running window

06-09-2026 today31-12-2026 close31-07-2027 deadline

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

Financials · fiscal year 2025, micro schema

Equity

€19k▼ 19.5%

2024 · €24k

2021: €25k 2022: €24k 2023: €10k 2024: €24k

2021 → 2025

Total assets

€74k▲ 76.5%

2024 · €42k

2021: €40k 2022: €45k 2023: €32k 2024: €42k

2021 → 2025

Net result

€-5k

2024 · €14k

2021: €-5k 2022: €-2k 2023: €-14k 2024: €14k

2021 → 2025

Working capital

€-23k

2024 · €14k

2021: €7k 2022: €12k 2023: €3k 2024: €14k

2021 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Equity€25k-€24k▼ 6.0%€10k▼ 57.2%€24k▲ 133%€19k▼ 19.5%

Operating result€-4k-€-744▲ 82.6%€-13k▼ 1,603%€14k€-4k

Net result€-5k-€-2k▲ 68.6%€-14k▼ 792%€14k€-5k

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result turns negative in 2025: a loss of €4k after €14k in 2024.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €74k

56.6%

43.4%

Fixed assets €42k▲ 316%

Current assets €32k▲ 0.8%

Equity and liabilities €74k

25.8%

74.2%

Equity €19k▼ 19.5%

Debt €55k▲ 201%

The debt ratio rises from 43.5% to 74.2%: debt grows while equity shrinks.

Key figures and ratios

2025 value · change against 2024

EBITDA

€3k▼

2024 · €21k

Cash flow

€2k▼

2024 · €20k

Solvency

25.8%▼

2024 · 56.5%

Current ratio

0.58▼

2024 · 1.75

Quick ratio

0.53▼

2024 · 1.57

Debt / equity

2.88▲

2024 · 0.77

ROE

-24.3%▼

2024 · 57.1%

ROA

-6.3%▼

2024 · 32.3%

Interest coverage

3.33▼

2024 · 26.23

Debt

€55k▲

2024 · €18k

Debt ≤ 1 year

€55k▲

2024 · €18k

Income taxes

€141

Staff costs

€3k▲

2024 · €2k

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

Total assets 20/58€42k€74k▲

Fixed assets 21/28€10k€42k▲

Tangible fixed assets 22/27€10k€42k▲

Financial fixed assets 28€205€205=

Current assets 29/58€32k€32k▲

Stocks & contracts in progress 3€3k€3k▼

Amounts receivable within one year 40/41€4k€12k▲

Cash & bank 54/58€25k€17k▼

Total equity & liabilities 10/49€42k€74k▲

Equity 10/15€24k€19k▼

Contributions / capital 10/11€30k€30k=

Accumulated profits (losses) 14€-6k€-11k▼

Amounts payable 17/49€18k€55k▲

Amounts payable within one year 42/48€18k€55k▲

Trade debts payable within one year 44€595€12k▲

Income statement Code20242025

Gross operating margin 9900€24k€9k▼

Operating result 9901€14k€-4k▼

Financial income 75-€17

Financial charges 65€810€752▼

Result before taxes 9903€14k€-4k▼

Income taxes 67/77-€141

Net result for the period 9904€14k€-5k▼

Result to be appropriated 9905€14k€-5k▼

Timeline · acts, filings and financial milestones

All 12Financial 2Gazette 5Filings 5

Next filing, fiscal year 2026, expected by 31-07-2027

2026

31-08

NBB filing Annual accounts filed

fiscal year 2025 · micro schema · 31 days late

06-03

State Gazette act Director changes

Christian HUYLEBROUCK

2025

31-10

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 92 days late

2024

31-12

Financial Back to profitnet €14k

Net result €14k after 3 loss-making years.

30-09

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 61 days late

2023

31-12

Financial Weakest financial yearnet €-14k

Net result drops to €-14k, the lowest in the series; recovery starts the following year.

31-08

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 31 days late

2022

31-08

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 31 days late

2021

06-08

State Gazette act Capital & shares

v3.2

08-02

State Gazette act Registered-office change

v3.2

2020

27-11

State Gazette act Director changes

v3.2

22-10

State Gazette act Incorporation

oprichting

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

no sitting director, no change since 2020

No sitting directors are on record for this company in the CBE. Not every legal form publishes directors; if they appear in the Belgian State Gazette later, they show up here automatically.

20-10-2020 Resigned as Director

Location & real-estate footprint

Registered office, Etterbeek · 2 establishment units since 2020

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.

Tervatestraat 21-231040 Etterbeek

Ground area

1,369 m²

Building footprint

716 m²

Volume, LiDAR

5,442 m³