ZAMEX
ActiveZAMEX has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €986k and a net result of €156k. Equity is growing by ~12.7% per year across the filed fiscal years. Its solvency ranks better than 19% of 7692 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
49
/ 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
Profitability46▲+10
Solvency43▼-1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45k at 30 days acceptable
Liquidity tight (current ratio 1.21 against 1.21 in 2024; short-term debt: 80.3% and cash: 3% of total assets), and 82.1% of the assets are financed with debt.
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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
17.9%
Return on assets
2.8%
Age of the figures
17 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 7692 sector peers (2025).
NBB · sector comparisonPosition among 7692 sector peers
Solvency
better than 19%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-04-2025 was due by 30-11-2025 and was filed on 28-11-2025, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
2 d early
2023
on the day
2022
5 d early
2021
on the day
2020
on the day
2019
33 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-04-2026 and is due by 30-11-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-04-2026 close18-09-2026 today30-11-2026 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€986k▲ 18.8%
2024 · €829k
2019: €376k
2020: €474k
2021: €601k
2022: €802k
2023: €805k
2024: €829k
2019 → 2025
Total assets
€5.49M▲ 24.3%
2024 · €4.42M
2019: €4.70M
2020: €4.05M
2021: €5.15M
2022: €3.94M
2023: €4.20M
2024: €4.42M
2019 → 2025
Net result
€156k▲ 547%
2024 · €24k
2019: €2k
2020: €97k
2021: €128k
2022: €201k
2023: €3k
2024: €24k
2019 → 2025
Working capital
€914k▲ 25.1%
2024 · €730k
2019: €224k
2020: €621k
2021: €467k
2022: €672k
2023: €851k
2024: €730k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€601k-€802k▲ 33.3%€805k▲ 0.4%€829k▲ 3.0%€986k▲ 18.8%
Operating result€303k-€314k▲ 3.6%€-17k€191k€307k▲ 60.9%
Net result€128k-€201k▲ 56.9%€3k▼ 98.4%€24k▲ 631%€156k▲ 547%
Turnover and EBIT margin not published: the abbreviated 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 61% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.49M
Fixed assets
€167k▼ 7.6%
Current assets
€5.33M▲ 25.6%
Equity and liabilities €5.49M
Equity
€986k▲ 18.8%
Debt
€4.51M▲ 25.5%
The debt ratio rises from 81.2% to 82.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€324k▲
2024 · €207k
Cash flow
€173k▲
2024 · €41k
Solvency
17.9%▼
2024 · 18.8%
Current ratio
1.21▼
2024 · 1.21
Quick ratio
0.36▼
2024 · 0.39
Debt / equity
4.57▲
2024 · 4.33
ROE
15.9%▲
2024 · 2.9%
ROA
2.8%▲
2024 · 0.5%
Interest coverage
2.90▲
2024 · 1.94
Debt
€4.51M▲
2024 · €3.59M
Debt ≤ 1 year
€4.41M▲
2024 · €3.51M
Debt > 1 year
€58k=
2024 · €58k
Income taxes
€53k▼
2024 · €62k
Staff costs
€18k▼
2024 · €169k
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€4.42M€5.49M▲
Fixed assets21/28€181k€167k▼
Tangible fixed assets22/27€181k€167k▼
Land and buildings22€172k€163k▼
Plant, machinery and equipment23€8k€4k▼
Current assets29/58€4.24M€5.33M▲
Stocks and contracts in progress3€2.88M€3.75M▲
Stocks30/36€2.88M€3.75M▲
Amounts receivable within one year40/41€1.34M€1.41M▲
Trade receivables40€954k€939k▼
Other amounts receivable41€385k€470k▲
Cash at bank and in hand54/58€18k€167k▲
Deferred charges and accrued income490/1€4k€3k▼
Equity and liabilities
Total equity and liabilities10/49€4.42M€5.49M▲
Equity10/15€829k€986k▲
Contributions10/11€19k€19k=
Reserves13€392k€392k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€390k€390k=
Profit (loss) carried forward14€419k€575k▲
Amounts payable17/49€3.59M€4.51M▲
Amounts payable after more than one year17€58k€58k=
Financial debts170/4€58k€58k=
Amounts payable within one year42/48€3.51M€4.41M▲
Current portion of amounts payable after more than one year42-€75k
Financial debts43€1.03M€1.30M▲
Credit institutions430/8€1.03M€1.30M▲
Trade debts44€436k€630k▲
Suppliers440/4€347k€630k▲
Bills of exchange payable441€89k€0▼
Advances received on contracts in progress46€1.06M€1.93M▲
Taxes, remuneration and social security45€106k€27k▼
Taxes450/3€106k€26k▼
Remuneration and social security454/9-€2k
Other amounts payable47/48€881k€449k▼
Accrued charges and deferred income492/3€24k€38k▲
Income statement
Code20242025
Remuneration, social security and pensions62€169k€18k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€17k€17k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€14k€-58k▼
Other operating charges640/8€101k€3k▼
Non-recurring operating charges66A€4k€0▼
Gross operating margin9900€496k€287k▼
Operating profit (loss)9901€191k€307k▲
Financial income75/76B€3k€14k▲
Recurring financial income75€3k€14k▲
Financial charges65/66B€107k€112k▲
Recurring financial charges65€107k€112k▲
Profit (loss) for the period before taxes9903€86k€210k▲
Income taxes67/77€62k€53k▼
Profit (loss) for the period9904€24k€156k▲
Profit (loss) for the period to be appropriated9905€24k€156k▲
Appropriation of the result
Profit (loss) to be appropriated9906€419k€575k▲
Profit (loss) brought forward from the previous period14P€395k€419k▲
Social balance
Average headcount (FTE)90872.60.3▼
The notes to these accounts (13 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
2025
28-11
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2024
28-11
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2023
30-11
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2022
25-11
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
30-04
Financial
Highest result since 2019net €201k ▲56.9%
Net result €201k, the highest in the series.
2021
30-11
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
30-04
Financial
Equity above €500kEq €601k ▲27%
3 profitable years in a row build equity to €601k.
2020
30-11
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2019
28-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
29-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
31-10
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
27-10
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated 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, Halen · 1 establishment unit since 2004
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.
Staatsbaan 763545 HalenGround area
8,718 m²
Building footprint
467 m²
Volume, LiDAR
4,319 m³
Parcel 71020A0091/00L004, Flanders · tallest building 13.4 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
ZAMEX
since 20042.144.027.919
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71020A0091/00L004 | Flanders | 8,718 m² | 1 · 467 m² | 13.4 m · 3 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 · 609 EUR awarded · 609 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 609 EUR | 609 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Ternat · Eq €997k
Of 3,962 companies in sector 43331 we hold annual accounts for 1,791. 694 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded26-10-2004
Fiscal year end30-04
Activities, NACEBEL
43331Floor and wall tiling
47523Retail trade
52461
Sources
Crossroads Bank for EnterprisesNational Bank · 20 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.