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Zaha Construct

Active
Private limited companyfounded 2023active for 3 yearsEduard Arsenstraat 28, 2640 Mortsel, BelgiumKBO/BCE: BE 0798.648.510
Summary

The computed 12-month bankruptcy probability of Zaha Construct is 25.0% (high). The 2024 annual accounts show equity of €7,085 and a net result of €7,085. Its solvency ranks better than 14% of 9,837 sector peers (NACE 41, financial year 2024). The company has been active since 2023 and the Belgian Official Gazette contains no insolvency signals. The KBO does carry 2 administrative register entries (see administrative flags).

Overview

Activity
General construction of residential buildings
NACE 41001
1 site
Size
€179,482turnover 2024
Equity
€7,085
Profit
€7,085
Financial health
10 Critical Checked score 2024
Bankruptcy probabilitywithin 12 months
25.0%
Structure
2024 accounts filed 131 days late
Why 10raises risk1 change of registered office in 24 months1 financial year not filed after the legal deadline; last filed accounts filed 131 days late; 1 of the last 3 lateEx-officio strike-off in the KBOSector: Construction of residential and non-residential buildings (NACE 41)Show the evidence

Checked score

Score 2024
10 / 100
Critical
Probability in this band: over 15.0%
Financially better than 20% of its sector peers (NACE 41, micro)
Financial strength
Weak
Solvency 28
equity 3.4% of total assets
Liquidity 13
short-term debt 70.5% · cash 0.4%
Profitability 64
return on assets 3.4%
Bankruptcy probability, 12 months
25.0% High
0%0.5%1.5%4%10%≥ 25%

About 1 in 4 comparable companies go bankrupt within 12 months (an estimate).

Sector median 1.5% (13,441 companies, NACE 41, micro)
Last 24 months 11-2024: 12.1% 12-2024: 12.1%● unchanged vs 11-2024 01-2025: 12.5%▲ +0.4 percentage points vs 12-2024 02-2025: 12.6%▲ +0.1 percentage points vs 01-2025 03-2025: 12.6%● unchanged vs 02-2025 04-2025: 12.6%● unchanged vs 03-2025 05-2025: 12.6%● unchanged vs 04-2025 06-2025: 12.6%● unchanged vs 05-2025 07-2025: 12.6%● unchanged vs 06-2025 08-2025: 8.2%▼ -4.4 percentage points vs 07-2025lowest value 09-2025: 20.5%▲ +12.3 percentage points vs 08-2025 10-2025: 14.8%▼ -5.7 percentage points vs 09-2025 11-2025: 14.8%● unchanged vs 10-2025 12-2025: 14.8%● unchanged vs 11-2025 01-2026: 20.7%▲ +5.9 percentage points vs 12-2025 02-2026: 20.7%● unchanged vs 01-2026 03-2026: 20.7%● unchanged vs 02-2026 04-2026: 23.1%▲ +2.4 percentage points vs 03-2026 05-2026: 23.9%▲ +0.8 percentage points vs 04-2026 06-2026: 23.8%▼ -0.1 percentage points vs 05-2026 07-2026: 23.6%▼ -0.2 percentage points vs 06-2026 08-2026: 22.8%▼ -0.8 percentage points vs 07-2026 09-2026: 22.8%● unchanged vs 08-2026 10-2026: 25.0%▲ +2.2 percentage points vs 09-2026highest value
No credit on open account
Liquidity tight (current ratio 1.31, below the usual 1.5; short-term debt: 70.5% and cash: 0.4% of total assets), and 96.6% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 41, micro): better than 14% on solvency, 11% on liquidity and 35% on profitability.

The bankruptcy probability was computed on 27-10-2026 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.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Seven signals.
raises risk
raises risk · 1 change of registered office in 24 months
Belgian Official Gazette
raises risk · 1 financial year not filed after the legal deadline; last filed accounts filed 131 days late; 1 of the last 3 late
NBB · filings
raises risk · Ex-officio strike-off in the KBO
KBO publications
raises risk · Sector: Construction of residential and non-residential buildings (NACE 41)
KBO
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 9837 sector peers (2024).
NBB · sector comparison
Position among 9837 sector peers
Solvency
better than 14%
← weakest strongest →
raises risk · 2024 accounts filed 131 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 09-12-2025, 131 days past the deadline. Measured on financial year 2023: of the companies more than 90 days late, 5.61% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers.
NBB · 1 filing
Deviation from the deadline
2024
131 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its 2024 accounts 131 days after the deadline; the sector median (NACE 41) for financial year 2024 is on the deadline day, and 46% of those companies filed late.

raises risk · Administrative warnings in the KBO publications
2 publications by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or their withdrawal.
KBO publications
Publications
Address struckAddress strikeout annulled
  1. Address strikeout annulledKBO administration
  2. Registered officeRegistered-office move
  3. Annual accounts filedfinancial year 2024 · micro…

Financials · financial year 2024, micro format

2024 annual accounts filed late (131 days) Filed on 9 December 2025, deadline 31 July 2025 (7 months after the close on 31 December 2024, Companies Code art. 3:10). Source: NBB, 2025-00578308.

Turnover
€179,482
EBIT margin
5.4%
Net result
€7,085
Working capital
€46,263
Balance-sheet composition
Assets €210,410
Fixed assets €15,822
Current assets €194,588
Equity and liabilities €210,410
Equity €7,085
Debt €203,326
Debt finances 96.6% of the balance-sheet total.
Key figures and ratios
2024 value
EBITDA
€11,099
Cash flow
€8,529
Current ratio
1.31
Debt to equity
28.70
ROE
100.0%
ROA
3.4%
Interest coverage
53.22
Debt ≤ 1 year
€148,326
Income taxes
€2,362

Peer companies

Historical observation

Of the 2,135 companies that looked in July 2024 the way this one looks now, 5.2% went bankrupt within 24 months and 92.0% are still going.

  • Micro
  • 2 to 5 years old
  • solvency under 10%
  • a profit under 5% of the balance sheet
5.2% went bankrupt
2.4% stopped otherwise
92.0% still going

A further 0.3% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 25.0% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 2,135 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2024 · 33 lines
Balance sheet Code2024
Assets
Total assets20/58€210,410
Fixed assets21/28€15,822
Tangible fixed assets22/27€15,822
Furniture and vehicles24€15,822
Current assets29/58€194,588
Amounts receivable within one year40/41€193,716
Trade receivables40€124,146
Other amounts receivable41€69,569
Cash at bank and in hand54/58€873
Equity and liabilities
Total equity and liabilities10/49€210,410
Equity10/15€7,085
Profit (loss) carried forward14€7,085
Amounts payable17/49€203,326
Amounts payable within one year42/48€148,326
Trade debts44€145,964
Suppliers440/4€27
Bills of exchange payable441€145,937
Taxes, remuneration and social security45€2,362
Taxes450/3€2,362
Accrued charges and deferred income492/3€55,000
Income statement Code2024
Turnover70€179,482
Goods, raw materials, services and sundry goods60/61€167,972
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,444
Other operating charges640/8€411
Gross operating margin9900€11,510
Operating profit (loss)9901€9,655
Financial charges65/66B€209
Recurring financial charges65€209
Profit (loss) for the period before taxes9903€9,446
Income taxes67/77€2,362
Profit (loss) for the period9904€7,085
Profit (loss) for the period to be appropriated9905€7,085
Appropriation of the result
Profit (loss) to be appropriated9906€7,085

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2024
Turnover70€179,482
Goods, raw materials, services and sundry goods60/61€167,972
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,444
Other operating charges640/8€411
Gross operating margin9900€11,510
Operating profit (loss)9901€9,655
Financial charges65/66B€209
Recurring financial charges65€209
Profit (loss) for the period before taxes9903€9,446
Income taxes67/77€2,362
Profit (loss) for the period9904€7,085
Profit (loss) for the period to be appropriated9905€7,085
Line2024
Assets
Total assets20/58€210,410
Fixed assets21/28€15,822
Tangible fixed assets22/27€15,822
Furniture and vehicles24€15,822
Current assets29/58€194,588
Amounts receivable within one year40/41€193,716
Trade receivables40€124,146
Other amounts receivable41€69,569
Cash at bank and in hand54/58€873
Equity and liabilities
Total equity and liabilities10/49€210,410
Equity10/15€7,085
Profit (loss) carried forward14€7,085
Amounts payable17/49€203,326
Amounts payable within one year42/48€148,326
Trade debts44€145,964
Suppliers440/4€27
Bills of exchange payable441€145,937
Taxes, remuneration and social security45€2,362
Taxes450/3€2,362
Accrued charges and deferred income492/3€55,000
Line2024
Profit (loss) for the period9904€7,085
+ Depreciation and write-downs630€1,444
Operating cash flow (approximation)€8,529

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Filings with the National Bank (1)
Financial year Type Filed Reference
31-12-2024 micro format 09-12-2025 2025-00578308

Similar companies · same sector, comparable size

Of the 29,226 active companies whose main activity is general construction of residential buildings (NACE 41001), figures are known for 16,301. 8,079 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.

Directors

Directors
2 directors, no change since 2023
lancu Florentin
Director · since 27-07-2023
Current
NEAGU Cristiana Andreea
Director (not named in the articles) · since 29-09-2023
Current
Derived from published Gazette deeds. The KBO keeps the official list of office holders; we do not read it, so the two can differ. See the directors and other office holders in the KBO →

Mandate history

4 people since 2023, 2 in office
Show
  • Board
  • began earlier
Mandates per person, with start and end dates
Name Functions and periods
lancu Florentin
  • Director, from 27-07-2023 to date
NEAGU Cristiana Andreea
  • Director (not named in the articles), from 29-09-2023 to date
IANCU Florentin
  • Director, until 29-09-2023
TOADER Dan
  • Director, from 22-02-2023 to 27-07-2023
See the board, name and registered office on a given date →

Owners and capital

Capital and shareholders

Shareholders according to the deeds
Share transfer act of 27-07-2023 ↗

The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.

Group and network

Connections & network

2 current directors
Depth

The network starts from this company’s directors. Other companies they run appear here as nodes.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.

History

On 20 February 2023, Zaha Construct was incorporated as a private limited company.1 Since 2023 the company has been called Zaha Construct.2 The registered office moved to Antwerpen in 2023 and to Mortsel in 2025.34 Of the 2 current board members, lancu Florentin has served longest, since 2023.3

  1. 1KBO register
  2. 2Belgian Official Gazette, 29-09-2023
  3. 3Belgian Official Gazette, 27-07-2023
  4. 4Belgian Official Gazette, 10-12-2025

Acts, filings and financial milestones

2025
12-12
KBO administration Address strikeout annulled
10-12
Gazette deed Registered office
Registered-office move2 facts ▸
  • General meeting, 03-07-2025
  • Registered-office move, Eduard Arsenstraat 28 2640 Mortsel
09-12
NBB filing Annual accounts filed
financial year 2024 · micro format · 131 days late
18-08
KBO administration Address struck
2023
29-09
Gazette deed Registered office · Purpose · Amendment of the articles · Name · Resignations & appointments
Resignation: IANCU Florentin (director) · Appointment: NEAGU Cristiana Andreea (director) · Incorporation11 facts ▸
  • General meeting, “2170 Antwerpen-Merksem, Victor Govaerslaan 6 bus 11, handelsvennootschap onder de vorm van een besloten vennootschap” (deed in Dutch)
  • Incorporation, 17-02-2023
  • Other provision, “statutenwijziging” (deed in Dutch)
  • Name change, Zaha Construct
  • Purpose change
  • Registered-office move, 2170 Antwerpen (Merksem), Victor Govaerslaan 6 bus 11
  • Other provision, “coördinatie statuten, overeenstemming met genomen beslissingen” (deed in Dutch)
  • Director resignation, IANCU Florentin (director)
  • Director discharge, IANCU Florentin
  • Director appointment, NEAGU Cristiana Andreea (director (not named in the articles))
  • Other provision, “alle voorafgaande beslissingen, stemming” (deed in Dutch)
27-07
Gazette deed Resignation: Toader Dan (director)
Appointment: lancu Florentin (director) · Director discharge · Share transfer8 facts ▸
  • General meeting, 20-06-2023
  • Director resignation, Toader Dan (director)
  • Director appointment, lancu Florentin (director)
  • Director discharge, Toader Dan (director)
  • Other provision, “gevolgen ontslag bestuurder, alle bezoldigingen en eventuele voordelen al gekregen” (deed in Dutch)
  • Other provision, “geen schuld, schuld vennootschap tegenover bestuurder” (deed in Dutch)
  • Share transfer, Toader Dan → lancu Florentin
  • Registered-office move, Boekenberglei 18 bus 301 2100 Antwerpen
22-02
Gazette deed Incorporation
Appointment: TOADER Dan (director) · Founder · Pre-incorporation commitments6 facts ▸
  • Incorporation, 17-02-2023
  • Founder, TOADER Dan
  • Other provision, “echtgenote van oprichter” (deed in Dutch)
  • Director appointment, TOADER Dan (director)
  • Other provision, “beroepsverbod” (deed in Dutch)
  • Pre-incorporation commitments, “takeover, rechten en verbintenissen uit rechtshandelingen in haar naam en voor haar rekening gesteld voor oprichting tot op heden” (deed in Dutch)
SignalGazette deedNBB filing
4 of 4 deeds read

Register details

Identification
Legal formPrivate limited company
Founded20-02-2023
Financial year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
41002General construction of office buildings
41003General construction of other non-residential buildings
E-invoicing
Reachable via Peppol
Peppol ID 0208:0798648510
Also 9925:BE0798648510
Registered 06-02-2026

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 27 October 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.

Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 0798.648.510

Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.

Sites & property

Location & real-estate footprint
Registered office, Mortsel · 1 establishment unit since 2023
registered office establishment The establishment unit on the map
Ground area
196 m²
Building footprint
93 m²
Building volume
630 m³
Parcel 11513C0090/00D009, Flanders · tallest building 10.6 m. Linked by address, not a title deed.
1 establishment unit
Zaha Construct
Eduard Arsenstraat 28, 2640 MortselGeneral construction of residential buildings
since 2023unit no. 2.347.086.135
1 parcel
Flanders 1 (100%)
Cadastral parcel Region Area Buildings Height / floors
11513C0090/00D009 Flanders 196 m² 1 · 93 m² 10.6 m · 2
How the parcels are linked
Good to know
The parcel matches the address exactly.

Articles of association

What the company does

DurationHow long the company exists; usually unlimited, so until it is dissolved.
Unlimited
Name clauseThe name the company operates under according to its articles.
VIE BRAND & DISTRIBUTOR
Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
“Vlaamse Gewest, Nijverheidsstraat 70,2160 Wommelgem” (deed in Dutch)

deed of 22-02-2023

Who represents it, and how

Who signsWho may bind the company towards others, for example by signing a contract.
“Het bestuursorgaan vertegenwoordigt de vennootschap jegens derden, met inbegrip van de vertegenwoordiging in rechte. Indien er verschillende…”
deed of 22-02-2023
Board ruleHow the board is made up, meets and takes decisions.
“1” (deed in Dutch)
deed of 29-09-2023

Capital, shares and profit

Kind of sharesWhich classes of shares exist and what rights each class carries.
“Aandelen op naam, 100” (deed in Dutch)

deed of 22-02-2023

Meetings and financial year

Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
Last Friday of June at 18:00

deed of 22-02-2023

Other provisionsOther rules from the articles that fall under none of the themes above.

Liquidation distribution: “Bij niet-integrale terugbetaling plan voor verdeling activa onder categorieën schuldeisers ter goedkeuring aan bevoegde…” (deed in Dutch)
Other provision: “Enige aandeelhouder, oefent bevoegdheden algemene vergadering uit” (deed in Dutch)
Other provision: “Bevoegdheid gewone en bijzondere algemene vergadering, benoeming en ontslag bestuurder(s),commissaris(sen),vaststelling…” (deed in Dutch)
Other provision: “Oproeping algemene vergadering, overeenkomstig artikel 2:32 WVV” (deed in Dutch)
5 more provisions in the deed, see the deed of 22-02-2023

deed of 22-02-2023