Zaghbour-Grzeda is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €766k and a net result of €206k. Equity is growing by ~29.6% per year across the filed fiscal years. Its solvency ranks better than 48% of 5498 sector peers (fiscal year 2025). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit advice for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 13-08-2026, 13 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 · 7 filingsDeviation from the deadline
2025
13 d late
2024
14 d early
2023
27 d late
2022
32 d late
2021
18 d late
2020
20 d late
2019
60 d late
← 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
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€766k▲ 36.9%
2024 · €559k
2019: €153k
2020: €418k
2021: €636k
2022: €212k
2023: €361k
2024: €559k
2019 → 2025
Net result
€206k▲ 4.1%
2024 · €198k
2019: €135k
2020: €265k
2021: €218k
2022: €297k
2023: €149k
2024: €198k
2019 → 2025
Total assets
€1.56M▲ 17.5%
2024 · €1.33M
2019: €614k
2020: €973k
2021: €1.18M
2022: €987k
2023: €938k
2024: €1.33M
2019 → 2025
Solvency
49.0%▲ 7.0pp
2024 · 42.1%
2019: 24.9%
2020: 42.9%
2021: 54.0%
2022: 21.5%
2023: 38.5%
2024: 42.1%
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€636k-€212k▼ 66.6%€361k▲ 70.0%€559k▲ 55.0%€766k▲ 36.9%
Operating result€296k-€393k▲ 32.7%€229k▼ 41.8%€316k▲ 38.4%€335k▲ 6.0%
Net result€218k-€297k▲ 36.7%€149k▼ 50.0%€198k▲ 33.5%€206k▲ 4.1%
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 6% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.56M
Fixed assets
€574k▼ 6.3%
Current assets
€988k▲ 37.7%
Equity and liabilities €1.56M
Equity
€766k▲ 36.9%
Debt
€796k▲ 3.3%
The debt ratio falls from 57.9% to 51.0%. Equity and debt are higher.
Key figures and ratios
Solvency
49.0%▲
2024 · 42.1%
ROE
27.0%▼
2024 · 35.5%
ROA
13.2%▼
2024 · 14.9%
Debt
€796k▲
2024 · €771k
Debt ≤ 1 year
€532k▲
2024 · €454k
Debt > 1 year
€236k▼
2024 · €295k
Income taxes
€91k▲
2024 · €87k
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€1.33M€1.56M▲
Fixed assets21/28€612k€574k▼
Tangible fixed assets22/27€125k€86k▼
Plant, machinery and equipment23€29k€23k▼
Furniture and vehicles24€96k€64k▼
Financial fixed assets28€488k€488k=
Current assets29/58€717k€988k▲
Amounts receivable within one year40/41€503k€798k▲
Trade receivables40€29k€109k▲
Other amounts receivable41€473k€689k▲
Current investments50/53€62k€87k▲
Cash at bank and in hand54/58€147k€96k▼
Deferred charges and accrued income490/1€5k€7k▲
Equity and liabilities
Total equity and liabilities10/49€1.33M€1.56M▲
Equity10/15€559k€766k▲
Contributions10/11€19k€19k=
Reserves13€541k€747k▲
Distributable reserves133€541k€747k▲
Profit (loss) carried forward14€0-
Amounts payable17/49€771k€796k▲
Amounts payable after more than one year17€295k€236k▼
Financial debts170/4€295k€236k▼
Amounts payable within one year42/48€454k€532k▲
Current portion of amounts payable after more than one year42€57k€88k▲
Trade debts44€576€12▼
Suppliers440/4€576€12▼
Taxes, remuneration and social security45€6k€14k▲
Taxes450/3€6k€14k▲
Other amounts payable47/48€390k€430k▲
Accrued charges and deferred income492/3€22k€29k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€38k€38k▼
Other operating charges640/8€465€208▼
Gross operating margin9900€355k€374k▲
Operating profit (loss)9901€316k€335k▲
Financial income75/76B€848€622▼
Recurring financial income75€848€622▼
Financial charges65/66B€32k€38k▲
Recurring financial charges65€32k€38k▲
Profit (loss) for the period before taxes9903€286k€298k▲
Income taxes67/77€87k€91k▲
Profit (loss) for the period9904€198k€206k▲
Profit (loss) for the period to be appropriated9905€198k€206k▲
Appropriation of the result
Profit (loss) to be appropriated9906€246k€206k▼
Profit (loss) brought forward from the previous period14P€47k€0▼
Transfer to equity691/2€246k€206k▼
To other reserves6921€246k€206k▼
The notes to these accounts (14 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
13-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 13 days late
2025
17-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Equity above €500kEq €559k ▲55%
6 profitable years in a row build equity to €559k.
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 27 days late
2023
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 32 days late
2022
31-12
Financial
Highest result since 2019net €297k ▲36.7%
Operating result €393k, net result €297k, both a record.
18-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 18 days late
2021
31-12
Financial
Equity above €500kEq €636k ▲52.1%
3 profitable years in a row build equity to €636k.
20-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 20 days late
2020
31-12
Financial
Equity above €200kEq €418k ▲173%
2 profitable years in a row build equity to €418k.
29-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 60 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Antwerpen · 1 establishment unit since 2018
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.
Gitschotellei 3692140 AntwerpenGround area
213 m²
Building footprint
123 m²
Volume, LiDAR
1,106 m³
Parcel 11313B0848/00R009, Flanders · tallest building 12.4 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Zaghbour-Grzeda
since 20182.274.550.030
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11313B0848/00R009 | Flanders | 213 m² | 1 · 123 m² | 12.4 m · 4 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.
Similar companies · same sector, comparable size
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VDB TRUSTINVEST
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CJB HOLDING
BE 0886.811.414
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DGJ-INVEST
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Of 24,726 companies in sector 64210 we hold annual accounts for 19,747. 13,208 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded28-02-2018
Fiscal year end31-12
Activities, NACEBEL
64200Holdings
64210Activities of holding companies
70210Activities of head offices; management consultancy activities
73300Public relations and communication consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.