Z31
InactiveInactive; last annual accounts for fiscal year 2024.
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Annual accounts not filed
The financial year that closed on 30-06-2025 was due at the National Bank by 31-01-2026. Nothing is on record, 241 days later.
NBB · 8 filingsPosition against the passed deadline
30-06-2025 close31-01-2026 deadline29-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 30-06-2024 was due by 31-01-2025 and was filed on 03-02-2025, 3 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 · 8 filingsDeviation from the deadline
2025
not filed
2024
3 d late
2023
43 d early
2022
on the day
2021
28 d late
2020
25 d early
2019
22 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 6 accounts on average 10 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€1.9m▼ 1.3%
2023 · €1.9m
Total assets
€2.5m▼ 16.1%
2023 · €3.0m
Net result
-€25,090
2023 · €277,381
Working capital
-€114,444▲ 27.4%
2023 · -€157,713
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
Line20202021202220232024
Operating result€161,772▲ 198%€282,269▲ 74.5%€19,305▼ 93.2%€212,846▲ 1,003%-€3,811
Net result€292,954▼ 33.4%€271,847▼ 7.2%€602,611▲ 122%€277,381▼ 54.0%-€25,090
Equity€792,563▲ 58.6%€1.0m▲ 32.1%€1.7m▲ 58.7%€1.9m▲ 16.7%€1.9m▼ 1.3%
Total assets€2.6m▲ 1.9%€2.6m▲ 1.9%€3.0m▲ 16.7%€3.0m▼ 0.6%€2.5m▼ 16.1%
Debt€1.8m▼ 12.2%€1.6m▼ 11.7%€1.4m▼ 11.7%€1.1m▼ 21.5%€617,082▼ 42.7%
Working capital-€464,328▲ 3.9%-€494,933▼ 6.6%€118,794-€157,713-€114,444▲ 27.4%
Staff (FTE)00
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €3,811 after €212,846 in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.5m
Fixed assets
€2.3m ▼ 4.2%
Current assets
€193,260 ▼ 66.4%
Equity and liabilities €2.5m
Equity
€1.9m ▼ 1.3%
Debt
€617,082 ▼ 42.7%
Debt's share of the balance-sheet total falls from 35.7% to 24.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€3,811▼
2023 · €231,678
Cash flow
-€25,090▼
2023 · €296,214
Current ratio
0.63▼
2023 · 0.78
Debt to equity
0.32▼
2023 · 0.56
ROE
-1.3%▼
2023 · 14.3%
ROA
-1.0%▼
2023 · 9.2%
Interest coverage
-0.21▼
2023 · 5.64
Debt ≤ 1 year
€307,704▼
2023 · €732,808
Debt > 1 year
€305,378▼
2023 · €331,007
Income taxes
€2,686▼
2023 · €44,417
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €1,082 | €0 | €568 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14,304 | €14,444 | €20,547 | €18,833 | €0 | ▼ 100% |
| Other operating charges640/8 | - | - | €3,411 | €1,701 | €1,084 | ▼ 36.2% |
| Non-recurring operating charges66A | - | - | €0 | €9,922 | €19,850 | ▲ 100% |
| Gross operating margin9900 | €177,615 | €301,410 | €43,263 | €243,301 | €17,123 | ▼ 93.0% |
| Operating profit (loss)9901 | €161,772 | €282,269 | €19,305 | €212,846 | -€3,811 | ▼ 102% |
| Financial income75/76B | - | - | €600,000 | €150,001 | €0 | ▼ 100% |
| Recurring financial income75 | €205,000 | €85,085 | €600,000 | €150,001 | €0 | ▼ 100% |
| Financial charges65/66B | - | - | €13,401 | €41,049 | €18,592 | ▼ 54.7% |
| Recurring financial charges65 | €32,098 | €27,921 | €13,401 | €41,049 | €18,592 | ▼ 54.7% |
| Profit (loss) for the period before taxes9903 | €334,674 | €339,433 | €605,904 | €321,798 | -€22,404 | ▼ 107% |
| Income taxes67/77 | €41,721 | €67,586 | €3,293 | €44,417 | €2,686 | ▼ 94.0% |
| Profit (loss) for the period9904 | €292,954 | €271,847 | €602,611 | €277,381 | -€25,090 | ▼ 109% |
| Profit (loss) for the period to be appropriated9905 | €292,954 | €271,847 | €602,611 | €277,381 | -€25,090 | ▼ 109% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.6m | €2.6m | €3.0m | €3.0m | €2.5m | ▼ 16.1% |
| Fixed assets21/28 | €2.4m | €2.4m | €2.4m | €2.4m | €2.3m | ▼ 4.2% |
| Tangible fixed assets22/27 | €39,671 | €82,815 | €62,268 | €102,755 | €0 | ▼ 100% |
| Plant, machinery and equipment23 | - | - | - | €1,159 | €0 | ▼ 100% |
| Furniture and vehicles24 | - | - | €62,268 | €101,596 | €0 | ▼ 100% |
| Financial fixed assets28 | €2.3m | €2.3m | €2.3m | €2.3m | €2.3m | = |
| Current assets29/58 | €174,587 | €179,231 | €632,877 | €575,095 | €193,260 | ▼ 66.4% |
| Amounts receivable within one year40/41 | €1,632 | €18,780 | €64,520 | €217,146 | €19,795 | ▼ 90.9% |
| Trade receivables40 | - | - | €17,641 | €217,146 | €0 | ▼ 100% |
| Other amounts receivable41 | - | - | €46,880 | €0 | €19,795 | - |
| Cash at bank and in hand54/58 | €167,549 | €155,654 | €564,468 | €353,625 | €173,466 | ▼ 50.9% |
| Deferred charges and accrued income490/1 | - | - | €3,889 | €4,324 | €0 | ▼ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.6m | €2.6m | €3.0m | €3.0m | €2.5m | ▼ 16.1% |
| Equity10/15 | €792,563 | €1.0m | €1.7m | €1.9m | €1.9m | ▼ 1.3% |
| Contributions10/11 | - | - | €18,550 | €18,550 | €18,550 | = |
| Reserves13 | €786,363 | €1.0m | €1.6m | €1.9m | €1.9m | ▼ 1.3% |
| Non-distributable reserves130/1 | - | - | €1,855 | €1,855 | €1,855 | = |
| Reserves not available under the articles1311 | - | - | €1,855 | €1,855 | €1,855 | = |
| Distributable reserves133 | - | - | €1.6m | €1.9m | €1.9m | ▼ 1.3% |
| Profit (loss) carried forward14 | - | - | €0 | - | - | - |
| Amounts payable17/49 | €1.8m | €1.6m | €1.4m | €1.1m | €617,082 | ▼ 42.7% |
| Amounts payable after more than one year17 | €1.1m | €864,434 | €843,383 | €331,007 | €305,378 | ▼ 7.7% |
| Financial debts170/4 | - | - | €843,383 | €331,007 | €305,378 | ▼ 7.7% |
| Amounts payable within one year42/48 | €638,916 | €674,164 | €514,082 | €732,808 | €307,704 | ▼ 58.0% |
| Current portion of amounts payable after more than one year42 | - | - | €291,765 | €299,037 | €296,344 | ▼ 0.9% |
| Trade debts44 | €137 | €2,755 | €6,833 | €9,447 | €5,875 | ▼ 37.8% |
| Suppliers440/4 | - | - | €6,833 | €9,447 | €5,875 | ▼ 37.8% |
| Advances received on contracts in progress46 | - | - | - | €200,000 | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | - | - | €6,651 | €15,491 | €1,005 | ▼ 93.5% |
| Taxes450/3 | - | - | €6,651 | €15,491 | €1,005 | ▼ 93.5% |
| Other amounts payable47/48 | - | - | €208,833 | €208,833 | €4,481 | ▼ 97.9% |
| Accrued charges and deferred income492/3 | - | - | €13,792 | €12,767 | €4,000 | ▼ 68.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €292,954 | €271,847 | €602,611 | €277,381 | -€25,090 | ▼ 109% |
| + Depreciation and write-downs630 | €14,304 | €14,444 | €20,547 | €18,833 | €0 | ▼ 100% |
| Operating cash flow (approximation) | €307,258 | €286,291 | €623,158 | €296,214 | -€25,090 | ▼ 108% |
| Investment in fixed assets (approximation) | - | -€57,588 | €0 | -€59,320 | €102,755 | ▲ 273% |
| Change in cash | - | -€11,895 | €408,813 | -€210,843 | -€180,159 | ▲ 14.6% |
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
2025
03-02
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 3 days late
2024
30-06
Financial
Weakest financial yearnet -€25,090
Net result drops to -€25,090, the lowest in the series.
2023
19-12
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-06
Financial
Highest result since 2019net €602,611 ▲122%
Net result €602,611, the highest in the series.
30-06
Financial
Liquidity times 5current ratio 1.23
Current ratio from 0.27 to 1.23; short-term debt falls from €674,164 to €514,082.
28-02
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 28 days late
2021
30-06
Financial
Equity above €1mEq €1.0m ▲32.1%
3 profitable years in a row build equity to €1.0m.
06-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-06
Financial
Equity above €500,000Eq €792,563 ▲58.6%
2 profitable years in a row build equity to €792,563.
09-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
27-11
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
06-12
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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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Structure & network
Owners and holdings
1 owner · 1 holdingOwners 1
- MokkoparentSourceaccounts Mokko 2024100%
Holdings 1
-
50%
According to the annual accounts to 30-06-2024 of Z31 and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2024 to 2025 · 2 entries · 5,250 EUR awarded · 5,250 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 0 EUR | 5,250 EUR |
| 2024 | 1 | 5,250 EUR | 0 EUR |