Z11
ActiveThe computed 12-month bankruptcy probability of Z11 is 1.8% (moderate). The 2025 annual accounts show equity of €3k and a net result of €24k. Equity is shrinking by ~21.7% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2028. Its solvency ranks better than 24% of 18039 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
54
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability93▲+39
Solvency27▼-73
Growth32▼-20
Track record94
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
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
2.4%
Return on assets
19.2%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 18039 sector peers (2025).
NBB · sector comparisonPosition among 18039 sector peers
Solvency
better than 24%
← weakest
strongest →
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 16-02-2026, 165 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
165 d early
2024
51 d early
2023
43 d early
2022
54 d early
← before the deadline
after the deadline →
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
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€3k▼ 97.6%
2024 · €124k
2022: €105k
2023: €139k
2024: €124k
2022 → 2025
Total assets
€125k▼ 4.9%
2024 · €132k
2022: €124k
2023: €154k
2024: €132k
2022 → 2025
Net result
€24k
2024 · €-16k
2022: €102k
2023: €34k
2024: €-16k
2022 → 2025
Working capital
€-27k
2024 · €76k
2022: €97k
2023: €73k
2024: €76k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€105k-€139k▲ 32.8%€124k▼ 11.2%€3k▼ 97.6%
Operating result€132k-€42k▼ 68.2%€-16k€28k
Net result€102k-€34k▼ 66.2%€-16k€24k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €28k after a loss of €16k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €125k
Fixed assets
€30k▼ 38.3%
Current assets
€96k▲ 14.1%
Equity and liabilities €125k
Equity
€3k▼ 97.6%
Debt
€122k▲ 1,387%
The debt ratio rises from 6.2% to 97.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€53k▲
2024 · €9k
Cash flow
€50k▲
2024 · €10k
Solvency
2.4%▼
2024 · 93.8%
Current ratio
0.78▼
2024 · 10.20
Quick ratio
0.78▼
2024 · 10.20
Debt / equity
40.79▲
2024 · 0.07
ROE
801.8%▲
2024 · -12.6%
ROA
19.2%▲
2024 · -11.8%
Interest coverage
494.04▲
2024 · 132.08
Debt
€122k▲
2024 · €8k
Debt ≤ 1 year
€122k▲
2024 · €8k
Income taxes
€4k▲
2024 · €-556
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
Assets
Total assets20/58€132k€125k▼
Fixed assets21/28€48k€30k▼
Tangible fixed assets22/27€48k€30k▼
Plant, machinery and equipment23€21k€20k▼
Furniture and vehicles24€26k€9k▼
Assets under construction and advance payments27€1k-
Current assets29/58€84k€96k▲
Amounts receivable within one year40/41€21k€5k▼
Trade receivables40€14k€3k▼
Other amounts receivable41€7k€2k▼
Cash at bank and in hand54/58€62k€82k▲
Deferred charges and accrued income490/1€777€9k▲
Equity and liabilities
Total equity and liabilities10/49€132k€125k▼
Equity10/15€124k€3k▼
Contributions10/11€3k€3k=
Profit (loss) carried forward14€121k-
Amounts payable17/49€8k€122k▲
Amounts payable within one year42/48€8k€122k▲
Trade debts44-€677
Suppliers440/4-€677
Taxes, remuneration and social security45€3k€7k▲
Taxes450/3€3k€7k▲
Other amounts payable47/48€5k€115k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€25k€26k▲
Other operating charges640/8€530€574▲
Gross operating margin9900€9k€54k▲
Operating profit (loss)9901€-16k€28k▲
Financial income75/76B€135€525▲
Recurring financial income75€135€525▲
Financial charges65/66B€68€108▲
Recurring financial charges65€68€108▲
Profit (loss) for the period before taxes9903€-16k€28k▲
Income taxes67/77€-556€4k▲
Profit (loss) for the period9904€-16k€24k▲
Profit (loss) for the period to be appropriated9905€-16k€24k▲
Appropriation of the result
Profit (loss) to be appropriated9906€121k€145k▲
Profit (loss) brought forward from the previous period14P€136k€121k▼
Profit to be distributed694/7-€145k
Return on contributions (dividend)694-€145k
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
16-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €24k
Net result €24k after one loss-making year.
10-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-16k ▼145%
Net result drops to €-16k, the lowest in the series; recovery starts the following year.
18-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
07-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Begijnendijk · 1 establishment unit since 2022
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.
Prof.Scharpélaan 2153130 BegijnendijkGround area
1,066 m²
Building footprint
164 m²
Volume, LiDAR
727 m³
Parcel 24010A0200/00Y000, Flanders · tallest building 6.7 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Z11
since 20222.328.887.252
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24010A0200/00Y000 | Flanders | 1,066 m² | 1 · 164 m² | 6.7 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 439 EUR awarded · 371 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 439 EUR | 371 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Food safety, FASFC
1 siteBegijnendijk2.328.887.252
Similar companies · same sector, comparable size
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BOIS DE CHAUFFAGE DIM
BE 1016.983.335
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MAYSS & MOUNS SERVICE
BE 0793.958.856
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V.I.C.
BE 0758.397.666
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Of 3,240 companies in sector 47781 we hold annual accounts for 744. 151 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded16-03-2022
Fiscal year end31-12
Activities, NACEBEL
47781Retail sale of solid, liquid and gaseous fuels, excluding motor fuels
47990Retail trade
46389Wholesale of other food products
47279Other retail sale of food
47299Retail trade
85599Other education
86909Human health activities
86995Nutrition and dietetics services
88992Social work activities without accommodation
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.