Result
-€48,057 -€48,057
From profit to loss in 2025, after a profit of €303,101 in 2024.
ZAM
Lifetime
20 annual accounts with figures on one time axis, 24 filings since 2002peak €603,949 (2008)
€87,155▼ 84.2%
lowest -€240,141 (2016)
-€48,057▼ €351,157
peak €933,810 (2024)
€885,753▼ 5.1%
€1.9m▲ 14.3%
peak 5.8 FTE (2008)
-not published
Board1 name since 2005
1 director
Documentsfilings and deeds
27-07-20264 days before the deadline
2025micro format
Gross margin from €551,425 to €87,155Loss of €48,057Investments €675,163Cash from €439,795 to €30,145
Key points
from the 2025 annual accountsInvestments
€685,083 7.3 × depreciation
Green is investment, beige is depreciation. Land and buildings stand 26.1% higher than in 2024.
Staff
0.4 FTE from 5.8 in 2008
Between 2008 and 2025, 93% of the full-time equivalents disappeared.
Liquidity
0.24 was 0.86 in 2024
Short-term debts rose from €682,939 to €799,648.
Filings
24 annual accounts since 2002
Six of the last ten came late. The 2019 accounts came latest: 66 days after the end of the period.
Position in the sector
-€48,057
Lower net result than 91% of companies in real estate. Sector median €5,854 · 19,790 companies.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 2,451 companies had the same profile as ZAM has now. Each dot stands for 7 companies, two years later.
93.3%
were still trading
5.0%
stopped another way
1.5%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,331 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 2,451 companies, not a prediction for ZAM. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
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Signals
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0477597415
Change of role: , from manager to director
holds all the shares · Director discharge: · General meeting of 18-10-2023 · Gazette deed
Registered office moved from Nivelles to Genappe
New registered office: chaussée de Charleroi 60, 1470 Genappe · Previous registered office: chaussée de Namur 89, 1400 Nivelles · “La location, la sous-location, l'achat et l'acquisition de tous droits réels ou de la pleine propriété de tout…” (deed in French) · General meeting of 30-06-2016 · Gazette deed
Director in office: (manager)
holds all the shares · General meeting of 18-11-2015 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| ZAM Genappe | €3.0m | €87,155 | 29.7% | - |
| ADVIES-IMMO Ghent | €2.9m | €75,314 | 78.4% | - |
| DERUCO Aalst | €2.9m | €101,303 | 15.5% | - |
| MACANT INVEST Brasschaat | €2.8m | €88,276 | 90.7% | - |
| DASA IMMO Sint-Genesius-Rode | €3.5m | €95,390 | -18.9% | - |
| LAUVA - IMMO Ypres | €2.8m | €91,964 | 28.3% | - |
| ML IMMO Tournai | €2.4m | €81,767 | 85.4% | - |
These companies have the same main activity as ZAM: renting and operating of own or leased residential real estate, excluding social housing (NACE 68201). They are comparable in size and age: total assets between €2.4m and €3.5m, founded between 1998 and 2003.
Official details
Source: KBO- Status
- Active since 27-05-2002Normal situation
- Activity
- Renting and operating of own or leased residential real estate, excluding social housingNACE 68201
- Establishment unit
- 2.094.787.6501470 Genappe, since 09-07-2002
- Financial year end
- 31 December
- Peppol
- Reachable since 08-01-2026
Annual accounts 2025
- ≈ €110,000estimated
- €3.0m▲ 6.8%
- Filing
- Filed on 27-07-2026, 4 days before the end of the filing period
Insights on ZAM
ZAM files the micro format. That format states no turnover. The gross margin fell from €277,853 in 2006 to €87,155 in 2025.
The balance sheet grew most from 2020 to 2022 through fixed assets, financed with long-term debt.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about ZAM
- What is the company number of ZAM?
- The company number of ZAM is 0477.597.415. The VAT number is the same number with BE in front: BE 0477.597.415.
- Where is ZAM based?
- The registered office is at Chaussée de Charleroi 60, 1470 Genappe.Company details
- What does ZAM do?
- According to the KBO register, the main activity is renting and operating of own or leased residential real estate, excluding social housing (NACE 68201).
- What is the legal form of ZAM?
- ZAM is a private limited company (BV).
- When was ZAM founded?
- ZAM was founded on 27-05-2002.
- Is ZAM still active?
- Yes, ZAM is an active enterprise in the KBO register.
- How many employees does ZAM have?
- ZAM had an average of 0.4 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of ZAM?
- The turnover in financial year 2025 is ≈ €110,000. This figure is estimated from the gross margin of €87,155 and 45 comparable companies (NACE 682). It probably lies between €97,000 and €140,000.
- Is ZAM profitable?
- In financial year 2025, ZAM made a loss of €48,057.
- Where can I find the annual accounts of ZAM?
- ZAM filed 24 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of ZAM due?
- ZAM must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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