Turnover
≈ €24,000 estimated
The micro format states no turnover.
ZBW Projects
Lifetime
2 annual accounts with figures on one time axispeak €13,980 (2024)
€1,983▼ 85.8%
peak €10,304 (2024)
€1,199▼ 88.4%
peak €16,503 (2025)
€16,503▲ 7.8%
€13,083▲ 148%
Board1 name since 2023
1 directorGOZDALSKI Zbigniew
Documentsfilings and deeds
30-12-202532 days before the deadline
2025micro format
Gross margin from €13,980 to €1,983Result from €10,304 to €1,199Debts from €5,273 to €13,083Cash from €15,872 to €7,541
Key points
from the 2025 annual accountsLiquidity
2.26 was 3.90 in 2024
Short-term debts rose from €5,273 to €13,083.
Starting capital
€5,000 100 shares
Checked score
56
Fair
Financially stronger than 52% of micro companies in construction of buildings (NACE 41)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
1.6% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.5% across 13,458 companies (NACE 41, micro).
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 7.9%highest value
01-2025: 7.7%▼ -0.2 percentage points vs 12-2024
02-2025: 1.5%▼ -6.2 percentage points vs 01-2025
03-2025: 1.5%● unchanged vs 02-2025
04-2025: 1.5%● unchanged vs 03-2025
05-2025: 1.5%● unchanged vs 04-2025
06-2025: 1.5%● unchanged vs 05-2025
07-2025: 1.5%● unchanged vs 06-2025
08-2025: 1.5%● unchanged vs 07-2025
09-2025: 1.5%● unchanged vs 08-2025
10-2025: 1.7%▲ +0.2 percentage points vs 09-2025
11-2025: 2.1%▲ +0.4 percentage points vs 10-2025
12-2025: 2.1%● unchanged vs 11-2025
01-2026: 2.1%● unchanged vs 12-2025
02-2026: 2.1%● unchanged vs 01-2026
03-2026: 2.1%● unchanged vs 02-2026
04-2026: 1.4%▼ -0.7 percentage points vs 03-2026
05-2026: 1.4%● unchanged vs 04-2026
06-2026: 1.4%● unchanged vs 05-2026
07-2026: 1.4%● unchanged vs 06-2026
08-2026: 1.4%● unchanged vs 07-2026lowest value
09-2026: 1.4%● unchanged vs 08-2026
10-2026: 1.6%▲ +0.2 percentage points vs 09-2026
11-2026: 1.6%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Founded in 2023
Size: total assets €29,585
Sector: Construction of residential and non-residential buildings (NACE 41)
lowers risk
Liquidity: current ratio 2.26, cash €7,541, halved
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 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% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 41, micro). It does better than 64% of them on solvency, 66% on liquidity, 28% on profitability and 51% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 30-06-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 2,546 companies had the same profile as ZBW Projects has now. Each dot stands for 7 companies, two years later.
94.2%
were still trading
3.2%
stopped another way
2.3%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of ZBW Projects itself: 1.6% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 2,546 companies, not a prediction for ZBW Projects. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €500 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.26 (3.9 in 2024), above the usual 1.5. Short-term debt is 44.2% and cash 25.5% of total assets. 44.2% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 30-12-2025, 32 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
32 days early
2024
1 day early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 2 accounts on average 17 days before the deadline. In the sector (NACE 41), the median for financial year 2024 was on the deadline day, and 46% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsWhere today falls in the filing period
30-06-2026 year end10-11-2026 today31-01-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0800341555
Registered office moved from Deurne to Antwerpen-Borgerhout
New registered office: Turnhoutsebaan 43 bus 3 te 2140 Antwerpen-Borgerhout · Previous registered office: Herentalsebaan 114 te 2100 Deurne · Board meeting of 01-01-2024 · Gazette deed
Incorporation
Founding capital of €5,000, 100 shares · Founder: GOZDALSKI Zbigniew · Appointment: GOZDALSKI Zbigniew (director) · published on 05-04-2023 · Gazette deed
First establishment
Turnhoutsebaan 43, Antwerp
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| ZBW Projects Antwerp | €29,585 | €1,983 | 55.8% | - |
| ALIENE Mol | €33,386 | €2,424 | 87.6% | - |
| SUPRNOVATION Uccle | €29,357 | €2,195 | -82.4% | - |
| CC BOUW Oudsbergen | €25,044 | €1,951 | 37.6% | - |
| CELINE CONSTRUCT Wemmel | €34,947 | €1,670 | 70.6% | - |
| LeoMatrix Projects Antwerp | €38,171 | €2,030 | 16.0% | - |
| Vlakaf Antwerp | €30,979 | €2,762 | 12.2% | - |
These companies have the same main activity as ZBW Projects: general construction of residential buildings (NACE 41001). They are comparable in size and age: total assets between €25,000 and €38,200, founded in 2023.
Official details
Source: KBO- Status
- Active since 03-04-2023Normal situation
- Activity
- General construction of residential buildingsNACE 41001and 3 others
- Establishment unit
- 2.344.082.8952140 Antwerp, since 03-04-2023
- Financial year end
- 30 June
- Peppol
- Reachable since 09-01-2026
Annual accounts to 30-06-2025
- €29,585▲ 43.8%
- Filing
- Filed on 30-12-2025, 32 days before the end of the filing period
Insights on ZBW Projects
The computed 12-month bankruptcy probability of ZBW Projects is 1.6% (moderate). The 2025 annual accounts show equity of €16,503 and a net result of €1,199.
Its solvency ranks better than 63% of 9,462 sector peers (NACE 41, financial year 2025). The company has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about ZBW Projects
- What is the company number of ZBW Projects?
- The company number of ZBW Projects is 0800.341.555. The VAT number is the same number with BE in front: BE 0800.341.555.
- Where is ZBW Projects based?
- The registered office is at Turnhoutsebaan 43, 2140 Antwerp.Company details
- What does ZBW Projects do?
- According to the KBO register, the main activity is general construction of residential buildings (NACE 41001).
- What is the legal form of ZBW Projects?
- ZBW Projects is a private limited company (BV).
- When was ZBW Projects founded?
- ZBW Projects was founded on 03-04-2023.
- Is ZBW Projects still active?
- Yes, ZBW Projects is an active enterprise in the KBO register.
- What is the turnover of ZBW Projects?
- The turnover in financial year 2025 is ≈ €24,000. This figure is estimated from the gross margin of €1,983 and 263 comparable companies (NACE 41001). It probably lies between €12,000 and €43,000. It is a rough estimate.Financials
- Is ZBW Projects profitable?
- In financial year 2025, ZBW Projects made a profit of €1,199.
- Where can I find the annual accounts of ZBW Projects?
- ZBW Projects filed 2 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of ZBW Projects due?
- ZBW Projects must file the annual accounts for financial year 2026 by 31-01-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can trust this company with building work.Contractor check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark
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