Z-sharp
ActiveSummary
Z-sharp has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €140k and a net result of €29k. Equity remains stable across the filed fiscal years (±0.6% per year). Its solvency ranks better than 81% of 17090 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability91▼-2
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13k at 30 days acceptable
Liquidity ample (current ratio 6.48 against 7.59 in 2024; short-term debt: 14.5% and cash: 78% of total assets), and 14.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← 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
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
85.5%
Return on assets
17.4%
Age of the figures
18 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €140k
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 30-10-2025, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
1 d early
2023
31 d early
2022
31 d early
2021
32 d early
2020
39 d late
2019
31 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close25-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, micro schema
Equity
€140k▲ 0.7%
2024 · €139k
Total assets
€164k▲ 4.3%
2024 · €157k
Net result
€29k▼ 6.0%
2024 · €30k
Working capital
€130k▲ 9.7%
2024 · €119k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€37k▲ 26.1%€35k▼ 6.0%€24k▼ 30.2%€44k▲ 83.1%€43k▼ 3.6%
Net result€25k▲ 45.8%€23k▼ 9.8%€15k▼ 32.2%€30k▲ 98.3%€29k▼ 6.0%
Equity€166k▲ 17.7%€126k▼ 24.2%€122k▼ 3.5%€139k▲ 14.3%€140k▲ 0.7%
Total assets€178k▲ 8.9%€150k▼ 16.0%€136k▼ 9.1%€157k▲ 15.5%€164k▲ 4.3%
Debt€12k▼ 46.6%€24k▲ 96.4%€14k▼ 39.2%€18k▲ 25.3%€24k▲ 32.0%
Working capital€145k▲ 14.5%€107k▼ 25.8%€106k▼ 1.0%€119k▲ 11.8%€130k▲ 9.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 4% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €164k
Fixed assets
€10k ▼ 51.4%
Current assets
€154k ▲ 12.6%
Equity and liabilities €164k
Equity
€140k ▲ 0.7%
Debt
€24k ▲ 32.0%
Debt's share of the balance-sheet total rises from 11.5% to 14.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€53k▲
2024 · €50k
Cash flow
€39k▲
2024 · €36k
Current ratio
6.48▼
2024 · 7.59
Debt to equity
0.17▲
2024 · 0.13
ROE
20.4%▼
2024 · 21.8%
ROA
17.4%▼
2024 · 19.3%
Interest coverage
135.82▼
2024 · 240.79
Debt ≤ 1 year
€24k▲
2024 · €18k
Income taxes
€14k▲
2024 · €14k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3k | €4k | €5k | €6k | €10k | ▲ 87.0% |
| Other operating charges640/8 | - | €352 | €387 | €412 | €508 | ▲ 23.1% |
| Gross operating margin9900 | €41k | €39k | €29k | €50k | €54k | ▲ 6.7% |
| Operating profit (loss)9901 | €37k | €35k | €24k | €44k | €43k | ▼ 3.6% |
| Financial income75/76B | - | €0 | €85 | €104 | €88 | ▼ 15.1% |
| Recurring financial income75 | - | €0 | €85 | €104 | €88 | ▼ 15.1% |
| Financial charges65/66B | - | €619 | €385 | €208 | €392 | ▲ 88.9% |
| Recurring financial charges65 | €829 | €619 | €385 | €208 | €392 | ▲ 88.9% |
| Profit (loss) for the period before taxes9903 | €36k | €34k | €24k | €44k | €42k | ▼ 4.1% |
| Income taxes67/77 | €11k | €11k | €9k | €14k | €14k | ▲ 0.1% |
| Profit (loss) for the period9904 | €25k | €23k | €15k | €30k | €29k | ▼ 6.0% |
| Profit (loss) for the period to be appropriated9905 | €25k | €23k | €15k | €30k | €29k | ▼ 6.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €178k | €150k | €136k | €157k | €164k | ▲ 4.3% |
| Fixed assets21/28 | €22k | €19k | €16k | €20k | €10k | ▼ 51.4% |
| Tangible fixed assets22/27 | €21k | €19k | €16k | €20k | €10k | ▼ 51.4% |
| Plant, machinery and equipment23 | - | - | €1k | €900 | €400 | ▼ 55.6% |
| Furniture and vehicles24 | - | €4k | €1k | €9k | €545 | ▼ 93.6% |
| Other tangible fixed assets26 | - | €15k | €13k | €11k | €9k | ▼ 18.3% |
| Financial fixed assets28 | €200 | €200 | - | - | - | - |
| Current assets29/58 | €157k | €131k | €121k | €137k | €154k | ▲ 12.6% |
| Amounts receivable within one year40/41 | €53k | €17k | €25k | €27k | €24k | ▼ 11.8% |
| Trade receivables40 | - | €17k | €20k | €22k | €20k | ▼ 11.3% |
| Other amounts receivable41 | - | €90 | €5k | €4k | €4k | ▼ 14.5% |
| Cash at bank and in hand54/58 | €102k | €111k | €93k | €107k | €128k | ▲ 19.1% |
| Deferred charges and accrued income490/1 | - | €2k | €2k | €2k | €2k | ▼ 0.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €178k | €150k | €136k | €157k | €164k | ▲ 4.3% |
| Equity10/15 | €166k | €126k | €122k | €139k | €140k | ▲ 0.7% |
| Contributions10/11 | - | €6k | €1k | €1k | €1k | = |
| Reserves13 | €160k | €120k | €121k | €138k | €139k | ▲ 0.7% |
| Distributable reserves133 | - | €120k | €121k | €138k | €139k | ▲ 0.7% |
| Amounts payable17/49 | €12k | €24k | €14k | €18k | €24k | ▲ 32.0% |
| Amounts payable within one year42/48 | €12k | €24k | €14k | €18k | €24k | ▲ 32.0% |
| Trade debts44 | €768 | €3k | €237 | €2k | €5k | ▲ 174% |
| Suppliers440/4 | - | €3k | €237 | €2k | €5k | ▲ 174% |
| Taxes, remuneration and social security45 | - | €20k | €13k | €14k | €14k | ▲ 2.6% |
| Taxes450/3 | - | €20k | €13k | €14k | €14k | ▲ 2.6% |
| Other amounts payable47/48 | - | - | €1k | €2k | €4k | ▲ 92.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €25k | €23k | €15k | €30k | €29k | ▼ 6.0% |
| + Depreciation and write-downs630 | €3k | €4k | €5k | €6k | €10k | ▲ 87.0% |
| Operating cash flow (approximation) | €28k | €27k | €20k | €36k | €39k | ▲ 8.5% |
| Investment in fixed assets (approximation) | - | €-1k | €-1k | €-10k | €0 | ▲ 100% |
| Change in cash | - | €10k | €-19k | €15k | €20k | ▲ 40.6% |
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
Next filing, fiscal year 2026, expected by
2025
30-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
30-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
31-03
Financial
Highest result since 2019net €30k ▲98.3%
Net result €30k, the highest in the series.
2023
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
31-03
Financial
Weakest financial yearnet €15k ▼32.2%
Net result drops to €15k, the lowest in the series; recovery starts the following year.
2022
30-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
29-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
31-03
Financial
Equity above €150kEq €166k ▲17.7%
3 profitable years in a row build equity to €166k.
2020
09-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 39 days late
2019
30-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
29-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
27-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
31-10
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Dendermonde · 1 establishment unit since 2013
Ground area
2,332 m²
Building footprint
169 m²
Volume, LiDAR
935 m³
Parcel 42021B0440/00B000, Flanders · tallest building 8.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Z-sharp
since 20132.216.436.142
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42021B0440/00B000 | Flanders | 2,332 m² | 1 · 169 m² | 8.1 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 30,002 companies in sector 62200 we hold annual accounts for 18,390. 15,384 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded16-01-2013
Fiscal year end31-03
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
Scores and ratios are computed by Checked and are not a credit decision.