ZARO IMMO
ActiveSummary
The annual accounts of ZARO IMMO for fiscal year 2025 show a net loss of 68% of the equity at the start of that year. The 2025 annual accounts show equity of €15k and a net result of €-32k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 22% of 14079 sector peers (fiscal year 2025). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
51
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability48▲+37
Solvency26▼-2
Growth68=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.38 against 0.41 in 2024; short-term debt: 49.5% and cash: 0.3% of total assets), and 98.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
192022232425
2019 to 2025 · latest year €-32k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 14079 sector peers (2025).
NBB · sector comparisonPosition among 14079 sector peers
Solvency
better than 22%
← weakest
strongest →
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 27-07-2026, 4 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
4 d early
2024
56 d late
2023
7 d late
2022
13 d late
2020
18 d early
2019
9 d early
2018
16 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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€61k▲ 94.3%
2024 · €31k
2020: €10k
2022: €13k
2023: €16k
2024: €31k
2020 → 2025
EBIT margin
-1.3%▲ 229.8pp
2024 · -231.1%
2020: -295.2%
2022: -87.4%
2023: -92.2%
2024: -231.1%
2020 → 2025
Net result
€-32k▼ 23.1%
2024 · €-26k
2019: €-5k
2020: €-35k
2022: €-19k
2023: €75k
2024: €-26k
2019 → 2025
Working capital
€-428k▼ 10.8%
2024 · €-386k
2019: €134k
2020: €97k
2022: €74k
2023: €-419k
2024: €-386k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202022202320242025Trend
Turnover€10k-€13k▲ 31.5%€16k▲ 24.0%€31k▲ 101%€61k▲ 94.3%
Equity€-25k-€-2k▲ 94.0%€74k€47k▼ 35.7%€15k▼ 68.5%
Operating result€-28k-€-11k▲ 61.0%€-14k▼ 30.8%€-72k▼ 403%€-801▲ 98.9%
Net result€-35k-€-19k▲ 45.6%€75k€-26k€-32k▼ 23.1%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €801 in 2025 against €72k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.40M
Fixed assets
€1.14M ▼ 2.0%
Current assets
€265k ▼ 2.2%
Equity and liabilities €1.40M
Equity
€15k ▼ 68.5%
Debt
€1.39M ▲ 0.3%
Debt's share of the balance-sheet total rises from 96.7% to 98.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€22k▲
2024 · €-52k
Cash flow
€-9k▼
2024 · €-6k
Current ratio
0.38▼
2024 · 0.41
Quick ratio
0.01▲
2024 · 0.01
Debt to equity
92.76▲
2024 · 29.16
ROE
-217.3%▼
2024 · -55.6%
ROA
-2.3%▼
2024 · -1.8%
Interest coverage
0.70▲
2024 · -1.69
Debt ≤ 1 year
€693k▲
2024 · €657k
Debt > 1 year
€693k▼
2024 · €725k
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 · 46 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.43M€1.40M▼
Formation expenses20€0€0=
Fixed assets21/28€1.16M€1.14M▼
Tangible fixed assets22/27€512k€489k▼
Land and buildings22€512k€489k▼
Financial fixed assets28€647k€647k=
Current assets29/58€271k€265k▼
Stocks and contracts in progress3€267k€260k▼
Stocks30/36€267k€260k▼
Amounts receivable within one year40/41€0€0=
Trade receivables40-€0
Other amounts receivable41€0€0=
Cash at bank and in hand54/58€3k€5k▲
Deferred charges and accrued income490/1€241€233▼
Equity and liabilities
Total equity and liabilities10/49€1.43M€1.40M▼
Equity10/15€47k€15k▼
Contributions10/11€19k€19k=
Profit (loss) carried forward14€29k€-4k▼
Amounts payable17/49€1.38M€1.39M▲
Amounts payable after more than one year17€725k€693k▼
Financial debts170/4€645k€622k▼
Advances received on contracts in progress176€80k€72k▼
Amounts payable within one year42/48€657k€693k▲
Current portion of amounts payable after more than one year42€34k€32k▼
Financial debts43€36€0▼
Credit institutions430/8€36€0▼
Trade debts44€909€8k▲
Suppliers440/4€909€8k▲
Taxes, remuneration and social security45-€2k
Taxes450/3-€2k
Other amounts payable47/48€622k€650k▲
Income statement
Code20242025
Turnover70€31k€61k▲
Goods, raw materials, services and sundry goods60/61€20k€30k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€21k€23k▲
Other operating charges640/8€63k€8k▼
Gross operating margin9900€12k€30k▲
Operating profit (loss)9901€-72k€-801▲
Financial income75/76B€77k-
Recurring financial income75€77k-
Financial charges65/66B€31k€32k▲
Recurring financial charges65€31k€32k▲
Profit (loss) for the period before taxes9903€-26k€-32k▼
Profit (loss) for the period9904€-26k€-32k▼
Profit (loss) for the period to be appropriated9905€-26k€-32k▼
Appropriation of the result
Profit (loss) to be appropriated9906€29k€-4k▼
Profit (loss) brought forward from the previous period14P€55k€29k▼
The notes to these accounts (7 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
2026
27-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
25-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 56 days late
2024
07-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 7 days late
2023
30-06
Financial
Back to profitnet €75k
Net result €75k after 3 loss-making years.
13-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 13 days late
2021
13-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-06
Financial
Weakest financial yearnet €-35k
Net result drops to €-35k, the lowest in the series; recovery starts the following year.
22-01
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
15-01
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Charleroi
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.
Chaussée de Fleurus 3916060 CharleroiGround area
104 m²
Building footprint
62 m²
Volume, LiDAR
495 m³
Parcel 52342B0516/00N002, Wallonia · tallest building 10.8 m, ±3 floors. Linked by address, not a title deed.
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52342B0516/00N002 | Wallonia | 104 m² | 1 · 62 m² | 10.8 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.
Similar companies · same sector, comparable size
IMMO HAJA
BE 0739.846.615
Tielt · Eq €14,912
TDC IMMO
BE 0893.413.451
Mons · Eq €14,910
Kiné Plus Immobilière
BE 0698.858.769
Virton · Eq €14,974
VBD iNveSt
BE 0776.509.942
Antwerpen · Eq €14,905
DA-INVEST
BE 0787.859.635
Ardooie · Eq €15,028
Of 12,022 companies in sector 68203 we hold annual accounts for 5,986. 1,830 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded29-11-2016
Fiscal year end31-12
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.