Z-SYSTEMS
ActiveSummary
Z-SYSTEMS has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €233k and a net result of €124k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 64% of 1048 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency83▲+21
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €19k at 30 days acceptable
Liquidity ample (current ratio 2.34 against 1.58 in 2024; short-term debt: 41.9% and cash: 23.3% of total assets), and 42.1% 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 · 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
57.9%
Return on assets
30.8%
Age of the figures
9 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 95
Relative position
BE, all sectors
reference
Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles (NACE 95)
about 19% 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 · 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
1819202122232425
2018 to 2025 · latest year €233k
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 27-07-2026, 4 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
4 d early
2024
62 d late
2023
145 d late
2022
5 d early
2021
31 d late
2020
4 d early
2019
91 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€233k▲ 114%
2024 · €109k
2018: €-21k
2019: €-22k▼ -3.5% vs 2018lowest in 8 years
2020: €116k▲ +627% vs 2019
2021: €116k▲ +0.1% vs 2020
2022: €109k▼ -5.9% vs 2021
2023: €34k▼ -68.7% vs 2022
2024: €109k▲ +218% vs 2023
2025: €233k▲ +114% vs 2024highest in 8 years
2018 → 2025
Total assets
€402k▲ 35.7%
2024 · €296k
2018: €49klowest in 8 years
2019: €275k▲ +465% vs 2018
2020: €296k▲ +7.7% vs 2019
2021: €279k▼ -5.8% vs 2020
2022: €242k▼ -13.2% vs 2021
2023: €170k▼ -30.0% vs 2022
2024: €296k▲ +74.6% vs 2023
2025: €402k▲ +35.7% vs 2024highest in 8 years
2018 → 2025
Net result
€124k▲ 66.1%
2024 · €75k
2018: €-23k
2019: €-739▲ +96.8% vs 2018
2020: €138k▲ +18777% vs 2019highest in 8 years
2021: €97▼ -99.9% vs 2020
2022: €4k▲ +3867% vs 2021
2023: €-64k▼ -1776% vs 2022lowest in 8 years
2024: €75k▲ +216% vs 2023
2025: €124k▲ +66.1% vs 2024
2018 → 2025
Working capital
€225k▲ 107%
2024 · €109k
2018: €-21k
2019: €-22k▼ -3.5% vs 2018lowest in 8 years
2020: €116k▲ +627% vs 2019
2021: €116k▲ +0.1% vs 2020
2022: €109k▼ -5.9% vs 2021
2023: €34k▼ -68.7% vs 2022
2024: €109k▲ +218% vs 2023
2025: €225k▲ +107% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€116k-€109k▼ 5.9%€34k▼ 68.7%€109k▲ 218%€233k▲ 114%
2021: €116k
2022: €109k▼ -5.9% vs 2021
2023: €34k▼ -68.7% vs 2022lowest in 5 years
2024: €109k▲ +218% vs 2023
2025: €233k▲ +114% vs 2024highest in 5 years
Operating result€2k-€4k▲ 151%€-64k€75k€124k▲ 65.7%
2021: €2k
2022: €4k▲ +151% vs 2021
2023: €-64k▼ -1714% vs 2022lowest in 5 years
2024: €75k▲ +217% vs 2023
2025: €124k▲ +65.7% vs 2024highest in 5 years
Net result€97-€4k▲ 3,867%€-64k€75k€124k▲ 66.1%
2021: €97
2022: €4k▲ +3867% vs 2021
2023: €-64k▼ -1776% vs 2022lowest in 5 years
2024: €75k▲ +216% vs 2023
2025: €124k▲ +66.1% vs 2024highest in 5 years
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 66% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €402k
Fixed assets
€8k
Current assets
€394k
Equity and liabilities €402k
Equity
€233k ▲ 114%
Debt
€169k ▼ 9.6%
Debt's share of the balance-sheet total falls from 63.3% to 42.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€126k
Cash flow
€126k
Current ratio
2.34▲
2024 · 1.58
Debt to equity
0.73▼
2024 · 1.72
ROE
53.2%▼
2024 · 68.5%
ROA
30.8%▲
2024 · 25.2%
Interest coverage
240.49
Debt ≤ 1 year
€169k▼
2024 · €187k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 37 lines
Balance sheet
Code20242025
Assets
Total assets20/58€296k€402k▲
Fixed assets21/28-€8k
Tangible fixed assets22/27-€8k
Furniture and vehicles24-€8k
Current assets29/58€296k€394k▲
Amounts receivable within one year40/41€244k€300k▲
Trade receivables40€206k€286k▲
Other amounts receivable41€38k€15k▼
Cash at bank and in hand54/58€53k€94k▲
Equity and liabilities
Total equity and liabilities10/49€296k€402k▲
Equity10/15€109k€233k▲
Contributions10/11€319k€319k=
Reserves13€300€300=
Non-distributable reserves130/1€300€300=
Reserves not available under the articles1311€300€300=
Profit (loss) carried forward14€-210k€-86k▲
Amounts payable17/49€187k€169k▼
Amounts payable within one year42/48€187k€169k▼
Trade debts44€62k€72k▲
Suppliers440/4€62k€72k▲
Taxes, remuneration and social security45€6€0▼
Taxes450/3€6€0▼
Other amounts payable47/48€125k€97k▼
Accrued charges and deferred income492/3-€787
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€2k
Other operating charges640/8€384€787▲
Gross operating margin9900€75k€127k▲
Operating profit (loss)9901€75k€124k▲
Financial income75/76B€4€0▼
Recurring financial income75€4€0▼
Financial charges65/66B€480€525▲
Recurring financial charges65€480€525▲
Profit (loss) for the period before taxes9903€75k€124k▲
Profit (loss) for the period9904€75k€124k▲
Profit (loss) for the period to be appropriated9905€75k€124k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-210k€-86k▲
Profit (loss) brought forward from the previous period14P€-285k€-210k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €9k | €13k | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | - | €2k | - |
| Other operating charges640/8 | €916 | - | €410 | €384 | €787 | ▲ 105% |
| Gross operating margin9900 | €11k | €17k | €-64k | €75k | €127k | ▲ 68.6% |
| Operating profit (loss)9901 | €2k | €4k | €-64k | €75k | €124k | ▲ 65.7% |
| Financial income75/76B | €2 | €8 | - | €4 | €0 | ▼ 100% |
| Recurring financial income75 | €2 | €8 | - | €4 | €0 | ▼ 100% |
| Financial charges65/66B | €1k | €147 | €147 | €480 | €525 | ▲ 9.5% |
| Recurring financial charges65 | €1k | €147 | €147 | €480 | €525 | ▲ 9.5% |
| Profit (loss) for the period before taxes9903 | €97 | €4k | €-64k | €75k | €124k | ▲ 66.1% |
| Profit (loss) for the period9904 | €97 | €4k | €-64k | €75k | €124k | ▲ 66.1% |
| Profit (loss) for the period to be appropriated9905 | €97 | €4k | €-64k | €75k | €124k | ▲ 66.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €279k | €242k | €170k | €296k | €402k | ▲ 35.7% |
| Fixed assets21/28 | - | - | - | - | €8k | - |
| Tangible fixed assets22/27 | - | - | - | - | €8k | - |
| Furniture and vehicles24 | - | - | - | - | €8k | - |
| Current assets29/58 | €279k | €242k | €170k | €296k | €394k | ▲ 33.0% |
| Amounts receivable within one year40/41 | €66k | €174k | €169k | €244k | €300k | ▲ 23.3% |
| Trade receivables40 | €62k | €162k | €155k | €206k | €286k | ▲ 39.0% |
| Other amounts receivable41 | €4k | €11k | €14k | €38k | €15k | ▼ 61.7% |
| Cash at bank and in hand54/58 | €213k | €68k | €909 | €53k | €94k | ▲ 77.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €279k | €242k | €170k | €296k | €402k | ▲ 35.7% |
| Equity10/15 | €116k | €109k | €34k | €109k | €233k | ▲ 114% |
| Contributions10/11 | €319k | €319k | €319k | €319k | €319k | = |
| Reserves13 | €300 | €300 | €300 | €300 | €300 | = |
| Non-distributable reserves130/1 | €300 | €300 | €300 | €300 | €300 | = |
| Reserves not available under the articles1311 | €300 | €300 | €300 | €300 | €300 | = |
| Profit (loss) carried forward14 | €-203k | €-210k | €-285k | €-210k | €-86k | ▲ 58.9% |
| Amounts payable17/49 | €163k | €133k | €135k | €187k | €169k | ▼ 9.6% |
| Amounts payable within one year42/48 | €163k | €133k | €135k | €187k | €169k | ▼ 10.0% |
| Trade debts44 | €6k | €3k | €7k | €62k | €72k | ▲ 15.8% |
| Suppliers440/4 | €6k | €3k | €7k | €62k | €72k | ▲ 15.8% |
| Taxes, remuneration and social security45 | €2k | - | €6 | €6 | €0 | ▼ 100% |
| Taxes450/3 | €2k | - | €6 | €6 | €0 | ▼ 100% |
| Other amounts payable47/48 | €155k | €130k | €128k | €125k | €97k | ▼ 22.8% |
| Accrued charges and deferred income492/3 | - | - | - | - | €787 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €97 | €4k | €-64k | €75k | €124k | ▲ 66.1% |
| + Depreciation and write-downs630 | - | - | - | - | €2k | - |
| Operating cash flow (approximation) | €97 | €4k | €-64k | €75k | €126k | ▲ 68.8% |
| Change in cash | - | €-144k | €-68k | €52k | €41k | ▼ 20.7% |
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
2026
27-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Equity above €200kEq €233k ▲114%
2 profitable years in a row build equity to €233k.
01-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 62 days late
2024
31-12
Financial
Back to profitnet €75k
Net result €75k after one loss-making year.
31-12
Financial
Equity above €100kEq €109k ▲218%
Equity rises from €34k to €109k.
23-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 145 days late
2023
31-12
Financial
Weakest financial yearnet €-64k
Net result drops to €-64k, the lowest in the series; recovery starts the following year.
26-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
27-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €138k
Net result €138k after 2 loss-making years.
31-12
Financial
Equity above €100kEq €116k
Equity rises from €-22k to €116k.
Show earlier events
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
2018
14-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
04-07
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 6 acts read
About the unread acts
We know of 6 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
6 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, Dilsen-Stokkem · 1 establishment unit since 2010
Ground area
1,527 m²
Building footprint
355 m²
Volume, LiDAR
1,930 m³
2 parcels, Flanders · tallest building 10.3 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Z-systems
since 20102.214.523.955
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72032B1969/00M000indicative | Flanders | 777 m² | 1 · 210 m² | 7.6 m · 2 fl. |
| 72032B1953/00H000 | Flanders | 750 m² | 1 · 145 m² | 10.3 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 7,373 companies in sector 95311 we hold annual accounts for 2,961. 2,303 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 (pre-2019)
Founded30-09-2010
Fiscal year end31-12
Activities, NACEBEL 2025
95311General maintenance and repair of cars and light vans (up to 3.5 tonnes)
47811Retail sale of cars and light vans (up to 3.5 tonnes)
Scores and ratios are computed by Checked and are not a credit decision.