ZAPPTAX

Active

Public limited companyfounded 20179 yrs activeKogelstraat 42, 1000 Brussel, BelgiumKBO/BCE: BE 0670.776.774

The computed 12-month bankruptcy probability of ZAPPTAX is 3.0% (moderate). The 2024 annual accounts show negative equity (€-640k) and a net result of €-757k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 730 sector peers (fiscal year 2024). The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

12 / 100

Critical▼ -64 vs 2023

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability100=

Solvency41▲+25

Growth32▼-46

Stability100

Bankruptcy probability, 12 months

3.0% Moderate

0%0.5%1.5%4%10%≥ 25%

No credit on open account

Liquidity short (current ratio 0.86 against 1.14 in 2023), and equity is negative.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Eight signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 52

Relative position

BE, all sectors

reference

Sector 52

higher

← fewer bankruptcies more bankruptcies →

Annual accounts: weaker financial profile

The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.

NBB · annual accounts 2024

Solvency, return and age of the figures

Solvency

-19.5%

Return on assets

-23.1%

Age of the figures

20 mo

Multiple establishment units

Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.

KBO · establishment units

Lower-risk legal form

Companies with this legal form statistically fail less often than a BV.

KBO · legal form

Negative equity

Equity is negative for financial year 2024: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).

NBB · annual accounts 2024

Equity per financial year

18192021222324

2018 to 2024 · latest year -€640k

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 05-09-2025, 36 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 · 8 filings

Deviation from the deadline

2025

not confirmed

2024

36 d late

2023

on the day

2022

31 d late

2021

23 d late

2020

31 d late

2019

182 d late

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, full schema

Turnover

Not included in this filing

EBIT margin

Not included in this filing

Net result

€-757k

2023 · €106k

2018: €-29k 2019: €-53k 2020: €34k 2021: €35k 2022: €-34k 2023: €106k

2018 → 2024

Working capital

€-471k

2023 · €453k

2018: €262k 2019: €364k 2020: €713k 2021: €748k 2022: €503k 2023: €453k

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€10k-€45k▲ 337%€11k▼ 75.6%€117k▲ 956%€-640k

Operating result€39k-€52k▲ 31.6%€-15k€127k€-586k

Net result€34k-€35k▲ 4.4%€-34k€106k€-757k

Result per fiscal year

Operating resultNet result

The operating result turns negative in 2024: a loss of €586k after €127k in 2023, the lowest year so far.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €3.28M

13.8%

86.2%

Fixed assets €453k▲ 31.3%

Current assets €2.83M▼ 25.5%

Key figures and ratios

2024 value · change against 2023

EBITDA

€-439k▼

2023 · €225k

Cash flow

€-610k▼

2023 · €204k

Solvency

-19.5%▼

2023 · 2.8%

Current ratio

0.86▼

2023 · 1.14

Quick ratio

0.68▼

2023 · 1.01

Debt / equity

-6.12▼

2023 · 34.42

ROE

118.3%▲

2023 · 90.5%

ROA

-23.1%▼

2023 · 2.6%

Interest coverage

-2.56▼

2023 · 13.89

Debt

€3.92M▼

2023 · €4.02M

Debt ≤ 1 year

€3.30M▼

2023 · €3.34M

Debt > 1 year

€623k▼

2023 · €681k

Income taxes

€340▼

2023 · €5k

Staff costs

€674k▼

2023 · €749k

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 · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€4.14M€3.28M▼

Fixed assets21/28€345k€453k▲

Intangible fixed assets21€323k€413k▲

Tangible fixed assets22/27€10k€22k▲

Furniture and vehicles24€10k€22k▲

Financial fixed assets28€13k€18k▲

Current assets29/58€3.79M€2.83M▼

Stocks and contracts in progress3€427k€598k▲

Stocks30/36€427k€598k▲

Amounts receivable within one year40/41€2.20M€2.17M▼

Trade receivables40€2.06M€1.96M▼

Other amounts receivable41€136k€218k▲

Cash at bank and in hand54/58€170k€53k▼

Deferred charges and accrued income490/1€1.00M€4k▼

Equity and liabilities

Total equity and liabilities10/49€4.14M€3.28M▼

Equity10/15€117k€-640k▼

Contributions10/11€62k€62k=

Capital10€62k€62k=

Issued capital100€62k€62k=

Profit (loss) carried forward14€55k€-702k▼

Amounts payable17/49€4.02M€3.92M▼

Amounts payable after more than one year17€681k€623k▼

Financial debts170/4€681k€623k▼

Amounts payable within one year42/48€3.34M€3.30M▼

Current portion of amounts payable after more than one year42€12k-

Financial debts43€848-

Credit institutions430/8€848-

Trade debts44€804k€629k▼

Suppliers440/4€804k€629k▼

Taxes, remuneration and social security45€167k€83k▼

Taxes450/3€43k€5k▼

Remuneration and social security454/9€124k€78k▼

Other amounts payable47/48€2.36M€2.59M▲

Income statement Code20232024

Remuneration, social security and pensions62€749k€674k▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€98k€147k▲

Other operating charges640/8€26€546k▲

Gross operating margin9900€973k€781k▼

Operating profit (loss)9901€127k€-586k▼

Financial charges65/66B€16k€171k▲

Recurring financial charges65€16k€171k▲

Profit (loss) for the period before taxes9903€110k€-757k▼

Income taxes67/77€5k€340▼

Profit (loss) for the period9904€106k€-757k▼

Profit (loss) for the period to be appropriated9905€106k€-757k▼

Appropriation of the result

Profit (loss) to be appropriated9906€55k€-702k▼

Profit (loss) brought forward from the previous period14P€-50k€55k▲

Social balance

Average headcount (FTE)9087-10.8

The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 13Financial 5Filings 8

2025

05-09

NBB filing Annual accounts filed

fiscal year 2024 · full schema · 36 days late

2024

31-12

Financial Weakest financial yearnet €-757k ▼816%

Net result drops to €-757k, the lowest in the series.

31-07

NBB filing Annual accounts filed

fiscal year 2023 · full schema

2023

31-12

Financial Back to profitnet €106k

Net result €106k after one loss-making year.

31-12

Financial Equity above €100kEq €117k ▲956%

Equity rises from €11k to €117k.

31-08

NBB filing Annual accounts filed

fiscal year 2022 · full schema · 31 days late

2022

23-08

NBB filing Annual accounts filed

fiscal year 2021 · full schema · 23 days late

2021

31-08

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 31 days late

29-01

NBB filing Annual accounts filed

fiscal year 2019 · micro schema · 182 days late

2020

31-12

Financial Back to profitnet €34k

Net result €34k after 2 loss-making years.

31-12

Financial Liquidity doublescurrent ratio 3.18

Current ratio from 1.49 to 3.18; short-term debt falls from €746k to €327k.

2019

04-09

NBB filing Annual accounts filed

fiscal year 2018 · micro schema · 35 days late

2018

31-08

NBB filing Annual accounts filed

fiscal year 2017 · micro schema · 31 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

no sitting director, no change since 2018

We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.

24-05-2018 Resigned as Managing director

Location & real-estate footprint

Registered office, Brussel · 2 establishment units since 2017

establishment All 2 establishment units on the map

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.

Kogelstraat 421000 Brussel

Ground area

2,815 m²

Building footprint

2,118 m²

Volume, LiDAR