ZAMMA
ActiveSummary
ZAMMA has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €210k and a net result of €185k. Equity is shrinking by ~7.6% per year across the filed fiscal years. Its solvency ranks better than 35% of 9234 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability72▲+2
Solvency41▲+14
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €15k at 30 days acceptable
Liquidity ample (current ratio 11.76 against 6.08 in 2024; short-term debt: 8.5% and cash: 38.2% of total assets), but 84.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
15.9%
Return on assets
14%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €210k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 18-05-2026, 74 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
74 d early
2024
79 d early
2023
78 d early
2022
69 d early
2021
76 d early
2020
122 d early
2019
58 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€210k▲ 744%
2024 · €25k
2019: €37k
2020: €33k▼ -9.9% vs 2019
2021: €30k▼ -8.2% vs 2020
2022: €21k▼ -30.0% vs 2021
2023: €11k▼ -50.7% vs 2022lowest in 7 years
2024: €25k▲ +136% vs 2023
2025: €210k▲ +744% vs 2024highest in 7 years
2019 → 2025
Total assets
€1.32M▲ 19.0%
2024 · €1.11M
2019: €72k
2020: €68k▼ -5.1% vs 2019lowest in 7 years
2021: €136k▲ +99.3% vs 2020
2022: €284k▲ +109% vs 2021
2023: €684k▲ +141% vs 2022
2024: €1.11M▲ +62.4% vs 2023
2025: €1.32M▲ +19.0% vs 2024highest in 7 years
2019 → 2025
Net result
€185k▲ 1,189%
2024 · €14k
2019: €-3k
2020: €-4k▼ -14.5% vs 2019
2021: €-3k▲ +25.3% vs 2020
2022: €-9k▼ -236% vs 2021
2023: €-11k▼ -18.0% vs 2022lowest in 7 years
2024: €14k▲ +233% vs 2023
2025: €185k▲ +1189% vs 2024highest in 7 years
2019 → 2025
Working capital
€1.21M▲ 30.3%
2024 · €928k
2021: €127klowest in 5 years
2022: €270k▲ +112% vs 2021
2023: €661k▲ +145% vs 2022
2024: €928k▲ +40.5% vs 2023
2025: €1.21M▲ +30.3% vs 2024highest in 5 years
2021 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€30k-€21k▼ 30.0%€11k▼ 50.7%€25k▲ 136%€210k▲ 744%
2021: €30k
2022: €21k▼ -30.0% vs 2021
2023: €11k▼ -50.7% vs 2022lowest in 5 years
2024: €25k▲ +136% vs 2023
2025: €210k▲ +744% vs 2024highest in 5 years
Operating result€-3k-€-9k▼ 249%€-10k▼ 12.8%€15k€246k▲ 1,596%
2021: €-3k
2022: €-9k▼ -249% vs 2021
2023: €-10k▼ -12.8% vs 2022lowest in 5 years
2024: €15k▲ +243% vs 2023
2025: €246k▲ +1596% vs 2024highest in 5 years
Net result€-3k-€-9k▼ 236%€-11k▼ 18.0%€14k€185k▲ 1,189%
2021: €-3k
2022: €-9k▼ -236% vs 2021
2023: €-11k▼ -18.0% vs 2022lowest in 5 years
2024: €14k▲ +233% vs 2023
2025: €185k▲ +1189% vs 2024highest in 5 years
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 1,596% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €1.32M
Equity
€210k ▲ 744%
Debt
€1.11M ▲ 2.4%
Debt's share of the balance-sheet total falls from 97.8% to 84.1%. Equity and debt are higher.
Key figures and ratios
Current ratio
11.76▲
2024 · 6.08
Quick ratio
4.64▲
2024 · 0.31
Debt to equity
5.30▼
2024 · 43.70
ROE
88.2%▲
2024 · 57.7%
ROA
14.0%▲
2024 · 1.3%
Debt ≤ 1 year
€112k▼
2024 · €183k
Debt > 1 year
€1.00M▲
2024 · €900k
Income taxes
€62k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 43 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.11M€1.32M▲
Current assets29/58€1.11M€1.32M▲
Stocks and contracts in progress3€1.06M€801k▼
Contracts in progress37€1.06M€801k▼
Amounts receivable within one year40/41€5k€16k▲
Trade receivables40-€16k
Other amounts receivable41€5k€0▼
Cash at bank and in hand54/58€50k€506k▲
Deferred charges and accrued income490/1€347€542▲
Equity and liabilities
Total equity and liabilities10/49€1.11M€1.32M▲
Equity10/15€25k€210k▲
Contributions10/11€40k€40k=
Reserves13-€170k
Distributable reserves133-€170k
Profit (loss) carried forward14€-15k€0▲
Amounts payable17/49€1.09M€1.11M▲
Amounts payable after more than one year17€900k€1.00M▲
Financial debts170/4€900k€1.00M▲
Amounts payable within one year42/48€183k€112k▼
Trade debts44€183k€366▼
Suppliers440/4€183k€366▼
Taxes, remuneration and social security45-€112k
Taxes450/3-€112k
Accrued charges and deferred income492/3€4k€163▼
Income statement
Code20242025
Non-recurring operating income76A-€13k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0-
Other operating charges640/8€505€520▲
Non-recurring operating charges66A€58k€119k▲
Gross operating margin9900€73k€366k▲
Operating profit (loss)9901€15k€246k▲
Financial income75/76B€199€1k▲
Recurring financial income75€199€1k▲
Financial charges65/66B€370€460▲
Recurring financial charges65€370€460▲
Profit (loss) for the period before taxes9903€14k€247k▲
Income taxes67/77-€62k
Profit (loss) for the period9904€14k€185k▲
Profit (loss) for the period to be appropriated9905€14k€185k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-15k€170k▲
Profit (loss) brought forward from the previous period14P€-29k€-15k▲
Transfer to equity691/2-€170k
To other reserves6921-€170k
Social balance
Average headcount (FTE)90870.00.0=
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €13k | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | €2k | €1k | €0 | - | - |
| Other operating charges640/8 | €348 | €450 | €493 | €505 | €520 | ▲ 2.8% |
| Non-recurring operating charges66A | - | - | - | €58k | €119k | ▲ 104% |
| Gross operating margin9900 | €-411 | €-7k | €-8k | €73k | €366k | ▲ 398% |
| Operating profit (loss)9901 | €-3k | €-9k | €-10k | €15k | €246k | ▲ 1,596% |
| Financial income75/76B | - | - | - | €199 | €1k | ▲ 409% |
| Recurring financial income75 | - | - | - | €199 | €1k | ▲ 409% |
| Financial charges65/66B | €143 | €150 | €647 | €370 | €460 | ▲ 24.4% |
| Recurring financial charges65 | €143 | €150 | €647 | €370 | €460 | ▲ 24.4% |
| Profit (loss) for the period before taxes9903 | €-3k | €-9k | €-11k | €14k | €247k | ▲ 1,620% |
| Income taxes67/77 | - | - | - | - | €62k | - |
| Profit (loss) for the period9904 | €-3k | €-9k | €-11k | €14k | €185k | ▲ 1,189% |
| Profit (loss) for the period to be appropriated9905 | €-3k | €-9k | €-11k | €14k | €185k | ▲ 1,189% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €136k | €284k | €684k | €1.11M | €1.32M | ▲ 19.0% |
| Formation expenses20 | €3k | €1k | €0 | - | - | - |
| Current assets29/58 | €132k | €283k | €684k | €1.11M | €1.32M | ▲ 19.0% |
| Stocks and contracts in progress3 | €106k | €263k | €612k | €1.06M | €801k | ▼ 24.1% |
| Contracts in progress37 | €106k | €263k | €612k | €1.06M | €801k | ▼ 24.1% |
| Amounts receivable within one year40/41 | €7k | €5k | €19k | €5k | €16k | ▲ 186% |
| Trade receivables40 | - | - | - | - | €16k | - |
| Other amounts receivable41 | €7k | €5k | €19k | €5k | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €19k | €15k | €53k | €50k | €506k | ▲ 908% |
| Deferred charges and accrued income490/1 | - | €299 | €83 | €347 | €542 | ▲ 56.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €136k | €284k | €684k | €1.11M | €1.32M | ▲ 19.0% |
| Equity10/15 | €30k | €21k | €11k | €25k | €210k | ▲ 744% |
| Contributions10/11 | €40k | €40k | €40k | €40k | €40k | = |
| Reserves13 | - | - | - | - | €170k | - |
| Distributable reserves133 | - | - | - | - | €170k | - |
| Profit (loss) carried forward14 | €-10k | €-19k | €-29k | €-15k | €0 | ▲ 100% |
| Amounts payable17/49 | €105k | €263k | €674k | €1.09M | €1.11M | ▲ 2.4% |
| Amounts payable after more than one year17 | €100k | €250k | €650k | €900k | €1.00M | ▲ 11.1% |
| Financial debts170/4 | €100k | €250k | €650k | €900k | €1.00M | ▲ 11.1% |
| Amounts payable within one year42/48 | €5k | €13k | €23k | €183k | €112k | ▼ 38.4% |
| Trade debts44 | €5k | €13k | €23k | €183k | €366 | ▼ 99.8% |
| Suppliers440/4 | €5k | €13k | €23k | €183k | €366 | ▼ 99.8% |
| Taxes, remuneration and social security45 | - | - | - | - | €112k | - |
| Taxes450/3 | - | - | - | - | €112k | - |
| Accrued charges and deferred income492/3 | - | - | €466 | €4k | €163 | ▼ 95.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-3k | €-9k | €-11k | €14k | €185k | ▲ 1,189% |
| + Depreciation and write-downs630 | €2k | €2k | €1k | €0 | - | - |
| Operating cash flow (approximation) | €-901 | €-7k | €-9k | €14k | €185k | ▲ 1,189% |
| Change in cash | - | €-5k | €39k | €-3k | €455k | ▲ 15,552% |
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
Next filing, fiscal year 2026, expected by
2026
18-05
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2019net €185k ▲1,189%
Operating result €246k, net result €185k, both a record.
31-12
Financial
Equity above €200kEq €210k ▲744%
2 profitable years in a row build equity to €210k.
13-05
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Back to profitnet €14k
Net result €14k after 5 loss-making years.
14-05
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet €-11k
Net result drops to €-11k, the lowest in the series; recovery starts the following year.
23-05
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
16-05
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-03
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
03-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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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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, Brasschaat · 1 establishment unit since 2018
Ground area
1.2 ha
Building footprint
274 m²
Volume, LiDAR
1,437 m³
Parcel 11322E0293/00G000, Flanders · tallest building 8.6 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
ZAMMA
since 20182.281.650.232
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11322E0293/00G000 | Flanders | 1.2 ha | 1 · 274 m² | 8.6 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 9,693 companies in sector 68121 we hold annual accounts for 7,385. 5,306 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded22-10-2018
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
64210Activities of holding companies
68110Buying and selling of own real estate
Scores and ratios are computed by Checked and are not a credit decision.