Equity
Z-sharp has made a profit in every financial year since 2014.
Z-sharp has made a profit in every financial year since 2014.
The 2020 accounts came 39 days late. The other nine of the last ten were filed on time.
Higher solvency than 88% of companies in computer programming and consultancy. Sector median 61.9% · 656 companies.
The dashed line is the sector median: 0.1% across 25,932 companies (NACE 62, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 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 (NACE 62, micro). It does better than 85% of them on solvency, 96% on liquidity, 54% on profitability and 55% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-03-2026.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 34,693 companies had the same profile as Z-sharp has now. Each dot stands for 87 companies, two years later.
That fits the bankruptcy probability of Z-sharp itself: < 0.1% within 12 months.
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 34,693 companies, not a prediction for Z-sharp. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Liquidity is ample, with a current ratio of 10.11 (6.48 in 2025), above the usual 1.5. Short-term debt is 9.4% and cash 81.6% of total assets. 9.4% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 8 days before the deadline. In the sector (NACE 62), the median for financial year 2024 was 9 days before the deadline, and 33% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| Z-sharp Dendermonde | €168,680 | €46,467 | 90.6% | - |
| GREEBLE Aalter | €165,961 | €50,553 | 67.9% | - |
| JOCAN Kaprijke | €176,625 | €52,183 | 85.5% | - |
| Apollo IT services Merelbeke-Melle | €154,326 | €43,720 | 14.9% | - |
| PM MANAGEMENT & CONSULTANCY Zutendaal | €173,187 | €49,152 | 89.0% | - |
| B-ITS Merchtem | €175,248 | €43,024 | 73.1% | - |
| BPMIS Uccle | €154,975 | €48,992 | 48.1% | - |
These companies have the same main activity as Z-sharp: computer consultancy and computer facilities management (NACE 62200). They are comparable in size and age: total assets between €154,000 and €177,000, founded between 2011 and 2014.
Z-sharp files the micro format. That format states no turnover. The gross margin fell from €55,877 in 2014 to €46,467 in 2026.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €150,000. Estimated: probably between €130,000 and €210,000.
Higher than 82% of 21,206 companies in 2025.
Higher than 81% of 20,569 companies in 2025.
Higher than 49% of 20,744 companies in 2025.
| Line | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||||
20/58 |
168,680 | 163,890 | 157,108 | 136,082 | 149,706 | 178,281 | 163,706 | 146,249 | 117,812 | 99,206 | 100,586 | 81,031 | 79,841 | |
21/28 |
7,858 | 9,932 | 20,427 | 15,555 | 18,864 | 21,661 | 14,998 | 3,477 | 3,731 | 7,911 | 11,204 | 14,920 | 21,594 | |
22/27 |
7,858 | 9,932 | 20,427 | 15,555 | 18,664 | 21,461 | 14,798 | 3,277 | 3,731 | 7,911 | 11,204 | 14,920 | 21,594 | |
23 |
0 | 400 | 900 | 1,399 | - | - | - | - | - | - | - | - | - | |
24 |
877 | 545 | 8,533 | 1,155 | 3,655 | 4,445 | 1,169 | 3,277 | 3,731 | 7,911 | 11,204 | 14,920 | 21,594 | |
26 |
6,981 | 8,988 | 10,995 | 13,002 | 15,008 | 17,015 | 13,629 | - | - | - | - | - | - | |
28 |
- | - | - | - | 200 | 200 | 200 | 200 | - | - | - | - | - | |
29/58 |
160,822 | 153,958 | 136,681 | 120,527 | 130,843 | 156,620 | 148,708 | 142,772 | 114,081 | 91,295 | 89,381 | 66,111 | 58,247 | |
40/41 |
21,348 | 23,621 | 26,792 | 25,402 | 17,127 | 52,527 | 51,636 | 42,591 | 16,249 | 15,904 | 32,525 | 27,104 | 29,427 | |
40 |
18,210 | 19,813 | 22,337 | 20,313 | 17,037 | 18,198 | 17,037 | 16,262 | 16,214 | 10,800 | 32,525 | 27,104 | 29,427 | |
41 |
3,138 | 3,808 | 4,455 | 5,089 | 90 | 34,328 | 34,600 | 26,329 | 35 | 5,104 | - | - | - | |
54/58 |
137,660 | 127,876 | 107,413 | 92,862 | 111,458 | 101,683 | 94,967 | 100,181 | 97,832 | 75,391 | 56,857 | 39,007 | 28,820 | |
490/1 |
1,813 | 2,460 | 2,476 | 2,263 | 2,258 | 2,410 | 2,105 | - | - | - | - | - | - | |
| Balance sheet: equity and liabilities | ||||||||||||||
10/49 |
168,680 | 163,890 | 157,108 | 136,082 | 149,706 | 178,281 | 163,706 | 146,249 | 117,812 | 99,206 | 100,586 | 81,031 | 79,841 | |
10/15 |
152,776 | 140,136 | 139,108 | 121,714 | 126,084 | 166,254 | 141,197 | 124,007 | 96,462 | 83,473 | 71,687 | 50,265 | 35,978 | |
10/11 |
1,000 | 1,000 | 1,000 | 1,000 | 6,200 | 6,200 | - | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | |
100 |
- | - | - | - | - | - | - | 18,550 | 18,550 | 18,550 | 18,550 | 18,550 | 18,550 | |
101 |
- | - | - | - | - | - | - | 12,350 | 12,350 | 12,350 | 12,350 | 12,350 | 12,350 | |
11 |
- | - | - | - | - | - | 6,200 | - | - | - | - | - | - | |
1100/10 |
- | - | - | - | - | - | 6,200 | - | - | - | - | - | - | |
13 |
151,776 | 139,136 | 138,108 | 120,714 | 119,884 | 160,054 | 134,997 | 117,807 | 90,262 | 77,273 | 65,487 | 44,065 | 29,778 | |
130/1 |
- | - | - | - | - | 1,855 | 1,855 | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | - | 1,855 | 1,855 | 1,855 | 1,855 | 1,855 | 1,855 | |
1311 |
- | - | - | - | - | 1,855 | - | - | - | - | - | - | - | |
1319 |
- | - | - | - | - | - | 1,855 | - | - | - | - | - | - | |
133 |
151,776 | 139,136 | 138,108 | 120,714 | 119,884 | 158,199 | 133,142 | 115,952 | 88,407 | 75,418 | 63,632 | 42,210 | 27,923 | |
17/49 |
15,904 | 23,754 | 18,000 | 14,368 | 23,622 | 12,026 | 22,509 | 22,242 | 21,350 | 15,733 | 28,899 | 30,766 | 43,863 | |
17 |
- | - | - | - | - | - | - | - | - | - | - | 6,481 | 12,768 | |
170/4 |
- | - | - | - | - | - | - | - | - | - | - | 6,481 | 12,768 | |
42/48 |
15,904 | 23,754 | 18,000 | 14,368 | 23,622 | 12,026 | 22,434 | 21,687 | 20,795 | 15,508 | 28,674 | 23,860 | 30,252 | |
42 |
- | - | - | - | - | - | - | - | - | - | 6,481 | 6,287 | 6,100 | |
44 |
626 | 5,381 | 1,966 | 237 | 3,483 | 768 | 923 | 792 | - | 851 | 1,352 | 1,713 | 2,161 | |
440/4 |
626 | 5,381 | 1,966 | 237 | 3,483 | 768 | 923 | 792 | - | 851 | 1,352 | 1,713 | 2,161 | |
45 |
12,443 | 14,254 | 13,896 | 12,734 | 20,139 | 11,258 | 21,510 | 20,006 | 17,986 | 12,219 | 20,077 | 14,167 | 19,907 | |
450/3 |
12,443 | 14,254 | 13,896 | 12,734 | 20,139 | 11,258 | 21,510 | 20,006 | 17,986 | 12,219 | 20,077 | 14,167 | 19,907 | |
47/48 |
2,835 | 4,120 | 2,138 | 1,397 | - | - | - | 889 | 2,808 | 2,438 | 764 | 1,693 | 2,084 | |
492/3 |
- | - | - | - | - | - | 75 | 555 | 555 | 225 | 225 | 425 | 843 | |
| Income statement | ||||||||||||||
76A |
- | - | - | - | - | - | - | 9,657 | - | - | - | - | - | |
9900 |
46,467 | 53,785 | 50,403 | 29,227 | 39,183 | 40,516 | 33,246 | 47,839 | 26,261 | 28,984 | 39,924 | 29,379 | 55,877 | |
630 |
3,090 | 10,495 | 5,613 | 4,607 | 4,127 | 3,265 | 3,622 | 2,403 | 4,180 | 5,419 | 5,228 | 6,674 | 10,945 | |
640/8 |
400 | 508 | 412 | 387 | 352 | 348 | 348 | - | - | - | - | - | - | |
9901 |
42,977 | 42,782 | 44,377 | 24,233 | 34,704 | 36,903 | 29,276 | 45,436 | 22,081 | 23,565 | 34,697 | 22,705 | 44,932 | |
75/76B |
74 | 88 | 104 | 85 | 0 | - | - | - | 0 | 1 | 7 | 16 | 13 | |
75 |
74 | 88 | 104 | 85 | 0 | - | - | - | 0 | 1 | 7 | 16 | 13 | |
65/66B |
358 | 392 | 208 | 385 | 619 | 829 | 876 | 1,082 | 338 | 303 | 509 | 767 | 928 | |
65 |
358 | 392 | 208 | 385 | 619 | 829 | 876 | 1,082 | 338 | 303 | 509 | 767 | 928 | |
9903 |
42,693 | 42,478 | 44,273 | 23,933 | 34,085 | 36,075 | 28,401 | 44,354 | 21,744 | 23,263 | 34,195 | 21,954 | 44,017 | |
67/77 |
12,862 | 13,906 | 13,889 | 8,609 | 11,476 | 11,018 | 11,210 | 15,921 | 8,754 | 11,477 | 12,774 | 7,667 | 14,239 | |
9904 |
29,831 | 28,572 | 30,384 | 15,323 | 22,609 | 25,057 | 17,190 | 28,433 | 12,989 | 11,786 | 21,421 | 14,287 | 29,778 | |
9905 |
29,831 | 28,572 | 30,384 | 15,323 | 22,609 | 25,057 | 17,190 | 28,433 | 12,989 | 11,786 | 21,421 | 14,287 | 29,778 | |
| Appropriation of the result | ||||||||||||||
9906 |
29,831 | 28,572 | 30,384 | 15,323 | 22,609 | 25,057 | 17,190 | 28,433 | 12,989 | 11,786 | 21,421 | 14,287 | 29,778 | |
791/2 |
17,190 | 27,545 | 12,989 | 14,493 | 62,780 | - | - | - | - | - | - | - | - | |
691/2 |
29,831 | 28,572 | 30,384 | 15,323 | 22,609 | 25,057 | 17,190 | 27,545 | 12,989 | 11,786 | 21,421 | 14,287 | 29,778 | |
6920 |
- | - | - | - | - | - | - | - | - | - | - | - | 1,855 | |
6921 |
29,831 | 28,572 | 30,384 | 15,323 | 22,609 | 25,057 | 17,190 | 27,545 | 12,989 | 11,786 | 21,421 | 14,287 | 27,923 | |
694/7 |
17,190 | 27,545 | 12,989 | 14,493 | 62,780 | - | - | 889 | - | - | - | - | - | |
694 |
17,190 | 27,545 | 12,989 | 14,493 | 62,780 | - | - | 889 | - | - | - | - | - | |
| Document | ||||||||||||||
The notes to these accounts have 5 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2026 at the NBB, filed on 30-10-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-03-2026 | micro format | 30-10-2026 | 2026-00596471 | |
| 31-03-2025 | micro format | 30-10-2025 | 2025-00557418 | |
| 31-03-2024 | micro format | 30-10-2024 | 2024-00519922 | |
| 31-03-2023 | micro format | 30-09-2023 | 2023-00464238 | |
| 31-03-2022 | micro format | 30-09-2022 | 2022-20442043 | |
| 31-03-2021 | micro format | 29-09-2021 | 2021-69800079 | |
| 31-03-2020 | micro format | 09-12-2020 | 2020-75000111 | |
| 31-03-2019 | micro format | 30-09-2019 | 2019-67300151 | |
| 31-03-2018 | micro format | 29-10-2018 | 2018-70900204 | |
| 31-03-2017 | micro format | 27-10-2017 | 2017-67800544 | |
| 31-03-2016 | abbreviated format | 31-10-2016 | 2016-66600306 | |
| 31-03-2015 | abbreviated format | 24-09-2015 | 2015-59500249 | |
| 31-03-2014 | abbreviated format | 29-09-2014 | 2014-60200517 |
| Line | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 46,067 | 53,277 | 49,990 | 28,840 | 38,830 | 40,169 | 32,899 | 47,839 | 26,261 | 28,984 | 39,924 | 29,379 | 55,877 | ||
| 32,921 | 39,067 | 35,997 | 19,931 | 26,736 | 28,323 | 20,812 | 30,836 | 17,169 | 17,205 | 26,649 | 20,961 | 40,723 | ||
| 1,016 | 0 | 10,485 | 1,499 | 1,330 | 9,928 | 15,143 | 2,149 | 5,150 | 2,126 | 1,512 | 0 | 32,539 | ||
| 9,784 | 20,464 | 14,551 | -18,596 | 9,775 | 6,717 | -5,214 | 2,349 | 22,442 | 18,534 | 17,850 | 10,187 | - | ||
| 144,918 | 130,203 | 118,681 | 106,159 | 107,221 | 144,594 | 126,274 | 121,085 | 93,286 | 75,787 | 60,707 | 42,251 | 27,995 | ||
| 90.6% | 85.5% | 88.5% | 89.4% | 84.2% | 93.3% | 86.3% | 84.8% | 81.9% | 84.1% | 71.3% | 62.0% | 45.1% | ||
| 10.11 | 6.48 | 7.59 | 8.39 | 5.54 | 13.02 | 6.63 | 6.58 | 5.49 | 5.89 | 3.12 | 2.77 | 1.93 | ||
| 0.10 | 0.17 | 0.13 | 0.12 | 0.19 | 0.07 | 0.16 | 0.18 | 0.22 | 0.19 | 0.40 | 0.61 | 1.22 | ||
| 19.5% | 20.4% | 21.8% | 12.6% | 17.9% | 15.1% | 12.2% | 22.9% | 13.5% | 14.1% | 29.9% | 28.4% | 82.8% | ||
| 17.7% | 17.4% | 19.3% | 11.3% | 15.1% | 14.1% | 10.5% | 19.4% | 11.0% | 11.9% | 21.3% | 17.6% | 37.3% | ||
| over 100 | over 100 | over 100 | 74.84 | 62.78 | - | - | - | - | - | - | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 31-03-2026 | 31-03-2025 | 31-03-2024 | 31-03-2023 | 31-03-2022 |
|---|---|---|---|---|---|
| Tangible fixed assets | €1,016 | - | €10,485 | €1,499 | €1,330 |
| €3,090 | €10,495 | €5,613 | €4,607 | €4,127 |
Source: notes to the 2022 to 2026 annual accounts (statement of fixed assets)
The operating result for 2026 is 0% higher than in 2025. It is a recovery after the fall in 2025.
Debt's share of the balance-sheet total falls from 14.5% to 9.4%. Equity is higher and debt is lower.
Z-sharp has no parent and no holdings in its annual accounts. VAN HESE Zeger Hendrik Juliana Maria is the only director. Z-sharp shares no director with another company.
Deadline for the 2027 accounts: 31-10-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Volaardestraat 68 registered office 9200 Dendermonde | 15-01-2013 | 2.216.436.142 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 42021B0440/00B000 | 2,332 m² | 1 · 169 m² | 8.1 m · 2 |
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