Financials
- Fiscal year
- 2025
- Total assets
- €227,409
- Loss
- -€21,995
- Solvency
- -5.1%
Total assets▼ 5.0%
Net result
20232025
ZANDHOEF
ActiveSummary
ZANDHOEF has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€11,550) and a net result of -€21,995. Equity is shrinking by ~104.8% per year across the filed fiscal years. Its solvency ranks better than 15% of 3375 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Overview
Activity
Raising of horses and other equines
NACE 01430
1 site
Size
€227,409total assets 2025
- Equity
- -€11,550
- Loss
- -€21,995
Turnover not published (abridged schema)
Structure
Accounts filed 31 d late0 of 1 deed read
Why 53Capped at 59: negative equity- Negative equity -€11,550+ Sector Crop and animal production, hunting and related service activities (NACE 01)+ Size: total assets €227,409+ Liquidity: current ratio 0.89, cash €93,971Show the evidence
Checked score
Score 2025
53
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 19% of its sector peers (NACE 01, micro)
Performance against the sector, not lower risk
Negative equity caps the score at 59. Every signal that weighs is under Signals.
Financial strength · tick = 2024
Weak
Solvency
20-9
equity -5.1% of total assets
Liquidity
50+45
short-term debt 105.1% · cash 41.3%
Profitability
7-62
return on assets -9.7%
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 10 months
01-2026: 0.4%
02-2026: 0.4%● 0.0% vs 01-2026
03-2026: 0.4%▲ +1.9% vs 02-2026
04-2026: 0.4%▲ +4.0% vs 03-2026
05-2026: 0.4%▲ +0.9% vs 04-2026
06-2026: 0.4%▲ +0.2% vs 05-2026
07-2026: 0.5%▲ +1.1% vs 06-2026
08-2026: 0.7%▲ +57.2% vs 07-2026highest value
09-2026: 0.4%▼ -43.1% vs 08-2026lowest value
10-2026: 0.4%● 0.0% vs 09-2026lowest value
- Sector Crop and animal production, hunting and related service activities (NACE 01) lowers the probability
- Negative equity -€11,550 raises the probability
- Size: total assets €227,409 lowers the probability for this profile
- Liquidity: current ratio 0.89, cash €93,971 lowers the probability
No credit on open account
Liquidity short (current ratio 0.89 against 0.97 in 2024; short-term debt: 105.1% and cash: 41.3% of total assets), and equity is negative.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 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% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 01, micro). Better than this share of them on solvency 13%, liquidity 50%, profitability 10%, growth against the median 2%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
232425
2023 to 2025 · latest year -€11,550
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 3 filingsDeviation from the deadline
2025
31 d late
2024
30 d late
2023
29 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 30 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 37% of the sector filed late.
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. Usually files around 30 August (3 of the last 3 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
02-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · micro…
- Weakest financial yearnet -€21,995
- Annual accounts filedfiscal year 2024 · micro…
Key points
By topic
Timeline
- Events
- 4
- Since
- 2024
- Next accounts
- by 31-07-2027
- 31-08-2026Annual accounts filed
- 31-12-2025Weakest financial year
- 30-08-2025Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Raising of horses and other equinesNACE 01430
- Founded
- 20-02-2023
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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