ZBW Projects
ActiveSummary
The computed 12-month bankruptcy probability of ZBW Projects is 2.5% (moderate). The 2025 annual accounts show equity of €17k and a net result of €1k. Its solvency ranks better than 63% of 7500 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability48▼-52
Solvency81▼-18
Growth52
Track record94
Bankruptcy probability, 12 months
2.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity ample (current ratio 2.26 against 3.9 in 2024; short-term debt: 44.2% and cash: 25.5% of total assets), and 44.2% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 d early
2024
1 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 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€17k▲ 7.8%
2024 · €15k
Total assets
€30k▲ 43.8%
2024 · €21k
Net result
€1k▼ 88.4%
2024 · €10k
Working capital
€17k▲ 7.8%
2024 · €15k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20242025
Operating result€13k-€2k▼ 87.3%
Net result€10k-€1k▼ 88.4%
Equity€15k-€17k▲ 7.8%
Total assets€21k-€30k▲ 43.8%
Debt€5k-€13k▲ 148%
Working capital€15k-€17k▲ 7.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 87% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €30k
Equity
€17k ▲ 7.8%
Debt
€13k ▲ 148%
Debt's share of the balance-sheet total rises from 25.6% to 44.2%. Equity and debt are higher.
Key figures and ratios
Current ratio
2.26▼
2024 · 3.90
Quick ratio
2.07▼
2024 · 3.90
Debt to equity
0.79▲
2024 · 0.34
ROE
7.3%▼
2024 · 67.3%
ROA
4.1%▼
2024 · 50.1%
Debt ≤ 1 year
€13k▲
2024 · €5k
Income taxes
€447▼
2024 · €3k
Staff costs
€170
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Remuneration, social security and pensions62 | - | €170 | - |
| Other operating charges640/8 | €650 | €118 | ▼ 81.8% |
| Gross operating margin9900 | €14k | €2k | ▼ 85.8% |
| Operating profit (loss)9901 | €13k | €2k | ▼ 87.3% |
| Financial income75/76B | - | €0 | - |
| Recurring financial income75 | - | €0 | - |
| Financial charges65/66B | €26 | €49 | ▲ 88.7% |
| Recurring financial charges65 | €26 | €49 | ▲ 88.7% |
| Profit (loss) for the period before taxes9903 | €13k | €2k | ▼ 87.6% |
| Income taxes67/77 | €3k | €447 | ▼ 85.1% |
| Profit (loss) for the period9904 | €10k | €1k | ▼ 88.4% |
| Profit (loss) for the period to be appropriated9905 | €10k | €1k | ▼ 88.4% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €21k | €30k | ▲ 43.8% |
| Current assets29/58 | €21k | €30k | ▲ 43.8% |
| Stocks and contracts in progress3 | - | €3k | - |
| Contracts in progress37 | - | €3k | - |
| Amounts receivable within one year40/41 | €5k | €20k | ▲ 315% |
| Trade receivables40 | €4k | €19k | ▲ 403% |
| Other amounts receivable41 | €961 | €716 | ▼ 25.5% |
| Cash at bank and in hand54/58 | €16k | €8k | ▼ 52.5% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €21k | €30k | ▲ 43.8% |
| Equity10/15 | €15k | €17k | ▲ 7.8% |
| Contributions10/11 | €5k | €5k | = |
| Reserves13 | €10k | €12k | ▲ 11.6% |
| Distributable reserves133 | €10k | €12k | ▲ 11.6% |
| Amounts payable17/49 | €5k | €13k | ▲ 148% |
| Amounts payable within one year42/48 | €5k | €13k | ▲ 148% |
| Trade debts44 | €220 | €266 | ▲ 21.0% |
| Suppliers440/4 | €220 | €266 | ▲ 21.0% |
| Taxes, remuneration and social security45 | €3k | €500 | ▼ 83.3% |
| Taxes450/3 | €3k | €500 | ▼ 83.3% |
| Other amounts payable47/48 | €2k | €12k | ▲ 500% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €10k | €1k | ▼ 88.4% |
| Operating cash flow (approximation) | €10k | €1k | ▼ 88.4% |
| Change in cash | - | €-8k | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
30-12
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
30-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
NBB filing
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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, Antwerpen · 1 establishment unit since 2023
Ground area
268 m²
Building footprint
203 m²
Volume, LiDAR
3,814 m³
Parcel 11312A0884/00H000, Flanders · tallest building 26.2 m, ±6 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
ZBW Projects
since 20232.344.082.895
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11312A0884/00H000 | Flanders | 268 m² | 1 · 203 m² | 26.2 m · 6 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 29,787 companies in sector 41001 we hold annual accounts for 16,036. 11,002 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded03-04-2023
Fiscal year end30-06
Activities, NACEBEL 2025
41001General construction of residential buildings
43310Plastering work
43350Other building finishing work
43990Other specialised construction activities
Scores and ratios are computed by Checked and are not a credit decision.