ZAPPWARE
ZAPPWARE has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.76M and a net result of €105k. Equity remains stable across the filed fiscal years (±1.5% per year). Its solvency ranks better than 45% of 1360 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
| Equity | €2.76M |
| Net result | €105k |
| Staff (FTE) | 31.9 |
| Better than sector | 45% |
Mixed profile: strong on stability, weaker on profitability.
All 5 axes are computed from data Checked has read.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 32.5% | 38.6% | |
| Net result | €105k | €34k | |
| Equity | €2.76M | €371k | |
| Gross operating margin | €6.59M | €244k | |
| Staff costs | €3.25M | €790k |
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Deposit | full schema | abbreviated schema | full schema | full schema | full schema |
| Revenue | - | - | €7.20M | €8.62M | €9.25M |
| EBITDA | €3.20M | €4.11M | €2.62M | €4.07M | €3.86M |
| Net profit | €105k | €179k | €-1.87M | €47k | €47k |
| Cash flow | €3.02M | €3.96M | €2.37M | €3.89M | €3.65M |
| Staff costs | €3.25M | €3.52M | €3.90M | €4.45M | €4.15M |
| Income taxes | €8k | €10k | €12k | €113k | €90k |
| Dividends | - | - | - | - | - |
| Total assets | €8.49M | €8.03M | €9.55M | €10.52M | €11.09M |
| Equity | €2.76M | €2.65M | €1.05M | €2.93M | €2.88M |
| Debt | €5.72M | €5.37M | €8.49M | €7.59M | €8.21M |
| of which ≤ 1y | €4.33M | €4.67M | €6.34M | €5.54M | €6.14M |
| of which > 1y | €640k | €292k | €1.57M | €1.87M | €1.70M |
| Working capital | €1.13M | €-751k | €-2.73M | €-1.53M | €-931k |
| Employees (FTE) | 31.9 | 37.0 | 42.8 | 52.9 | 55.8 |
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Current ratio | 1.26 | 0.84 | 0.57 | 0.72 | 0.85 |
| Quick ratio | 1.26 | 0.84 | 0.47 | 0.60 | 0.77 |
| Working capital ratio | 13.3% | -9.4% | -28.6% | -14.6% | -8.4% |
| Solvency | 32.5% | 33.0% | 11.0% | 27.8% | 25.9% |
| Debt / equity | 2.07 | 2.02 | 8.08 | 2.59 | 2.85 |
| Long-term debt ratio | 0.23 | 0.11 | 1.49 | 0.64 | 0.59 |
| Interest coverage | 17.61 | 27.76 | 10.93 | 44.47 | 36.37 |
| Gross margin | - | - | 66.7% | 64.6% | 57.4% |
| Net margin | - | - | -26.0% | 0.6% | 0.5% |
| ROA | 1.2% | 2.2% | -19.6% | 0.5% | 0.4% |
| ROE | 3.8% | 6.8% | -178.5% | 1.6% | 1.6% |
| EBITDA margin | - | - | 36.4% | 47.2% | 41.7% |
| Days sales outstanding | - | - | 117d | 92d | 164d |
| Days payable outstanding | - | - | 323d | 253d | 247d |
| Inventory turnover | - | - | 4.01 | 4.44 | 7.91 |
| Days inventory (DSI) | - | - | 91d | 82d | 46d |
Full annual accounts (28 line items)
| Line item | Code | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €8.49M | €8.03M | €9.55M | €10.52M | €11.09M |
| Fixed assets | 21/28 | €3.02M | €4.11M | €5.94M | €6.51M | €5.88M |
| Intangible fixed assets | 21 | €2.97M | €4.07M | €5.88M | €6.41M | €5.75M |
| Tangible fixed assets | 22/27 | €55k | €45k | €57k | €98k | €122k |
| Financial fixed assets | 28 | - | - | - | - | €9k |
| Current assets | 29/58 | €5.47M | €3.92M | €3.61M | €4.01M | €5.21M |
| Stocks & contracts in progress | 3 | - | - | €598k | €688k | €498k |
| Amounts receivable within one year | 40/41 | €5.07M | €3.19M | €2.31M | €2.21M | €4.18M |
| Cash & bank | 54/58 | €343k | €674k | €604k | €1.02M | €443k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €8.49M | €8.03M | €9.55M | €10.52M | €11.09M |
| Equity | 10/15 | €2.76M | €2.65M | €1.05M | €2.93M | €2.88M |
| Contributions / capital | 10/11 | €2.92M | €2.92M | €1.49M | €1.49M | €1.49M |
| Reserves | 13 | €48k | €48k | €48k | €48k | €46k |
| Accumulated profits (losses) | 14 | €-207k | €-313k | €-492k | €1.38M | €1.34M |
| Provisions & deferred taxes | 16 | €4k | €4k | €4k | €4k | €4k |
| Amounts payable | 17/49 | €5.72M | €5.37M | €8.49M | €7.59M | €8.21M |
| Amounts payable after one year | 17 | €640k | €292k | €1.57M | €1.87M | €1.70M |
| Amounts payable within one year | 42/48 | €4.33M | €4.67M | €6.34M | €5.54M | €6.14M |
| Trade debts payable within one year | 44 | €1.15M | €1.70M | €2.12M | €2.11M | €2.67M |
| Income statement | ||||||
| Turnover | 70 | - | - | €7.20M | €8.62M | €9.25M |
| Gross operating margin | 9900 | €6.59M | €7.66M | - | - | - |
| Operating result | 9901 | €292k | €333k | €-1.62M | €223k | €259k |
| Financial income | 75 | €3k | €5k | €18k | €61k | €12k |
| Financial charges | 65 | €182k | €148k | €261k | €123k | €134k |
| Result before taxes | 9903 | €113k | €189k | €-1.86M | €161k | €138k |
| Income taxes | 67/77 | €8k | €10k | €12k | €113k | €90k |
| Net result for the period | 9904 | €105k | €179k | €-1.87M | €47k | €47k |
| Result to be appropriated | 9905 | €105k | €179k | €-1.87M | €47k | €47k |
| NACE primary | Computer consultancy and computer facilities management(62200) |
| Legal form | Public limited company(014) |
| Incorporation | 27-08-2001 |
| Status | Active |
| Postal code | 3500 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71328D0382/00A002 | Flanders | 673 m² | 1 · 339 m² | 11.8 m · 3 fl. |
We know of 19 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
13-02-2024 Capital increase of €1,424,237.28 to €2,919,003.45
- €1.494.766,17 → €2.919.003,45
- Inbreng in natura · Apport en nature
Technical details
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"uitgifte van de nog niet geregistreerde akte",
"de geco\u00F6rdineerde statuten",
"verslag van het bestuursorgaan in uitvoering van artikel 7:179 \u00A71 en 7:197 van het Wetboek van vennootschappen en verenigingen",
"verslag van de commissaris in uitvoering van artikel 7:179 \u00A71 en 7:197 van het Wetboek van vennootschappen en verenigingen"
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}| Legal nameNL | ZAPPWARE |