ZASY GROUP
Bankruptcy closedZASY GROUP was declared bankrupt on 28-07-2026 (Ondernemingsrechtbank Brussel); the bankruptcy declaration was reversed by judgment of 08-09-2026, published in the Belgian State Gazette on 17-09-2026. The 2025 annual accounts show equity of €34k and a net result of €-21k.
Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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
22232425
2022 to 2025 · latest year €-21k
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 14-07-2026, 17 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
17 d early
2024
42 d early
2023
24 d early
2022
10 d early
← before the deadline
after the deadline →
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
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€430k▼ 13.4%
2024 · €496k
2022: €86k
2023: €480k
2024: €496k
2022 → 2025
EBIT margin
-4.3%▼ 4.1pp
2024 · -0.2%
2022: 24.5%
2023: 8.6%
2024: -0.2%
2022 → 2025
Net result
€-21k▼ 157%
2024 · €-8k
2022: €21k
2023: €39k
2024: €-8k
2022 → 2025
Working capital
€31k▼ 21.4%
2024 · €39k
2022: €21k
2023: €39k
2024: €39k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Turnover€86k-€480k▲ 458%€496k▲ 3.4%€430k▼ 13.4%
Equity€21k-€62k▲ 197%€54k▼ 13.0%€34k▼ 38.2%
Operating result€21k-€41k▲ 96.6%€-957€-18k▼ 1,810%
Net result€21k-€39k▲ 86.1%€-8k€-21k▼ 157%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €18k in 2025 against €957 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €77k
Fixed assets
€3k▼ 83.1%
Current assets
€75k▲ 23.2%
Equity and liabilities €77k
Equity
€34k▼ 38.2%
Debt
€44k▲ 106%
The debt ratio rises from 28.2% to 56.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-5k▼
2024 · €12k
Cash flow
€-8k▼
2024 · €5k
Solvency
43.3%▼
2024 · 71.8%
Current ratio
1.71▼
2024 · 2.85
Quick ratio
1.71▼
2024 · 2.85
Debt / equity
1.31▲
2024 · 0.39
ROE
-61.9%▼
2024 · -14.9%
ROA
-26.8%▼
2024 · -10.7%
Interest coverage
-53.38▼
2024 · 53.50
Debt
€44k▲
2024 · €21k
Debt ≤ 1 year
€44k▲
2024 · €21k
Income taxes
€3k▼
2024 · €7k
Staff costs
€9k▼
2024 · €13k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€76k€77k▲
Fixed assets21/28€15k€3k▼
Tangible fixed assets22/27€15k€2k▼
Furniture and vehicles24€15k€2k▼
Financial fixed assets28€78€78=
Current assets29/58€61k€75k▲
Amounts receivable within one year40/41€60k€73k▲
Trade receivables40€43k€44k▲
Other amounts receivable41€18k€29k▲
Cash at bank and in hand54/58€335€2k▲
Equity and liabilities
Total equity and liabilities10/49€76k€77k▲
Equity10/15€54k€34k▼
Contributions10/11€2k€2k=
Capital10€2k€2k=
Issued capital100€2k€2k=
Profit (loss) carried forward14€52k€31k▼
Amounts payable17/49€21k€44k▲
Amounts payable within one year42/48€21k€44k▲
Trade debts44€19k€43k▲
Suppliers440/4€19k€43k▲
Taxes, remuneration and social security45€2k€1k▼
Taxes450/3€1k-
Remuneration and social security454/9€1k€1k▼
Income statement
Code20242025
Turnover70€496k€430k▼
Non-recurring operating income76A€4k€4k▲
Goods, raw materials, services and sundry goods60/61€474k€430k▼
Remuneration, social security and pensions62€13k€9k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13k€13k▲
Other operating charges640/8€926€475▼
Gross operating margin9900€25k€4k▼
Operating profit (loss)9901€-957€-18k▼
Financial income75/76B€533€1k▲
Recurring financial income75€533€1k▲
Financial charges65/66B€521€98▼
Recurring financial charges65€221€98▼
Non-recurring financial charges66B€300-
Profit (loss) for the period before taxes9903€-945€-17k▼
Income taxes67/77€7k€3k▼
Profit (loss) for the period9904€-8k€-21k▼
Profit (loss) for the period to be appropriated9905€-8k€-21k▼
Appropriation of the result
Profit (loss) to be appropriated9906€52k€31k▼
Profit (loss) brought forward from the previous period14P€60k€52k▼
The notes to these accounts (5 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
17-09
Bankruptcy
Bankruptcy reversal
Ondernemingsrechtbank Brussel · ZASY GROUP BV LEUVENSESTEENWEG 246/1, 1932 SINT-STEVENS-WOLUWE · event 08-09-2026
03-08
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · ZASY GROUP BV LEUVENSE- STEENWEG 246/1, 1932 SINT-STEVENS-WOLUWE · event 28-07-2026
14-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet €-21k
Net result drops to €-21k, the lowest in the series.
19-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
07-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2022net €39k ▲86.1%
Operating result €41k, net result €39k, both a record.
21-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
SignalFinancial 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
1 establishment unit since 2022
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.
Ground area
8,437 m²
Building footprint
1,981 m²
Volume, LiDAR
1,492 m³
2 parcels, Flanders · tallest building 10.9 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
ZASY GROUP
since 20222.328.090.169
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23094D0041/00F000 | Flanders | 7,975 m² | 1 · 1,789 m² | - |
| 23078A0472/00L000 | Flanders | 461 m² | 1 · 192 m² | 10.8 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | WINNY TIRMARCHE LOUIZALAAN 65 BUS 11,
1050 BRUSSEL 5 |
28-07-2026 → present |
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Of 4,917 companies in sector 53200 we hold annual accounts for 1,330. 1,118 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded10-02-2022
Fiscal year end31-12
Activities, NACEBEL
52210Service activities incidental to land transportation
53200Other postal and courier activities
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.