ZEBULON
ActiveSummary
ZEBULON has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €22k and a net result of €-2k. Equity is growing by ~18.7% per year across the filed fiscal years. Its solvency ranks better than 92% of 459 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability48▼-21
Solvency100▲+23
Growth69▲+17
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days acceptable
Liquidity ample (current ratio 5.11 against 1.9 in 2024; short-term debt: 14.3% and cash: 44.7% of total assets), and 14.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 81
Relative position
BE, all sectors
reference
Services to buildings and landscape activities (NACE 81)
about 79% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
85.7%
Return on assets
-8.1%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 04-02-2026, 85 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
85 d early
2024
74 d early
2023
90 d early
2022
87 d early
2021
89 d early
2020
87 d early
2019
84 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 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€97k▲ 70.4%
2022 · €57k
2020: €75k
2021: €97k▲ +29.2% vs 2020highest value
2022: €57k▼ -41.5% vs 2021lowest value
2025: €97k
2020 → 2025
EBIT margin
-2.0%▲ 15.7pp
2022 · -17.7%
2020: 1.7%
2021: 3.9%▲ +123% vs 2020highest value
2022: -17.7%▼ -558% vs 2021lowest value
2025: -2.0%
2020 → 2025
Net result
€-2k
2024 · €263
2018: €-10klowest in 8 years
2019: €-7k▲ +30.8% vs 2018
2020: €1k▲ +116% vs 2019
2021: €3k▲ +200% vs 2020
2022: €-10k▼ -392% vs 2021
2023: €10k▲ +202% vs 2022highest in 8 years
2024: €263▼ -97.5% vs 2023
2025: €-2k▼ -881% vs 2024
2018 → 2025
Working capital
€15k▼ 25.0%
2024 · €20k
2018: €3klowest in 8 years
2019: €6k▲ +87.0% vs 2018
2020: €6k▲ +11.4% vs 2019
2021: €8k▲ +32.2% vs 2020
2022: €5k▼ -34.8% vs 2021
2023: €18k▲ +219% vs 2022
2024: €20k▲ +13.1% vs 2023highest in 8 years
2025: €15k▼ -25.0% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€97k-€57k▼ 41.5%€97k
2021: €97khighest value
2022: €57k▼ -41.5% vs 2021lowest value
2025: €97k
Equity€12k-€13k▲ 2.3%€23k▲ 82.4%€24k▲ 3.0%€22k▼ 8.7%
2021: €12klowest in 5 years
2022: €13k▲ +2.3% vs 2021
2023: €23k▲ +82.4% vs 2022
2024: €24k▲ +3.0% vs 2023highest in 5 years
2025: €22k▼ -8.7% vs 2024
Operating result€4k-€-10k€11k€406▼ 96.2%€-2k
2021: €4k
2022: €-10k▼ -368% vs 2021lowest in 5 years
2023: €11k▲ +205% vs 2022highest in 5 years
2024: €406▼ -96.2% vs 2023
2025: €-2k▼ -564% vs 2024
Net result€3k-€-10k€10k€263▼ 97.5%€-2k
2021: €3k
2022: €-10k▼ -392% vs 2021lowest in 5 years
2023: €10k▲ +202% vs 2022highest in 5 years
2024: €263▼ -97.5% vs 2023
2025: €-2k▼ -881% vs 2024
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €2k after €406 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €25k
Fixed assets
€7k ▲ 75.9%
Current assets
€19k ▼ 55.7%
Equity and liabilities €25k
Equity
€22k ▼ 8.7%
Debt
€4k ▼ 83.5%
Debt's share of the balance-sheet total falls from 48.1% to 14.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
€2k▼
2024 · €4k
Cash flow
€2k▼
2024 · €4k
Current ratio
5.11▲
2024 · 1.90
Debt to equity
0.17▼
2024 · 0.93
ROE
-9.5%▼
2024 · 1.1%
ROA
-8.1%▼
2024 · 0.6%
Interest coverage
10.15▼
2024 · 21.51
Debt ≤ 1 year
€4k▼
2024 · €22k
Income taxes
€10▼
2024 · €14
Staff costs
€20k▼
2024 · €24k
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 · 47 lines
Balance sheet
Code20242025
Assets
Total assets20/58€46k€25k▼
Fixed assets21/28€4k€7k▲
Tangible fixed assets22/27€4k€7k▲
Plant, machinery and equipment23€3k€7k▲
Furniture and vehicles24€1k€176▼
Current assets29/58€42k€19k▼
Amounts receivable within one year40/41€23k€6k▼
Trade receivables40€23k€5k▼
Other amounts receivable41€221€2k▲
Cash at bank and in hand54/58€17k€11k▼
Deferred charges and accrued income490/1€2k€776▼
Equity and liabilities
Total equity and liabilities10/49€46k€25k▼
Equity10/15€24k€22k▼
Contributions10/11€19k€19k=
Capital10€19k€19k=
Issued capital100€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Legal reserve130€2k€2k=
Profit (loss) carried forward14€3k€1k▼
Amounts payable17/49€22k€4k▼
Amounts payable within one year42/48€22k€4k▼
Trade debts44€11k€585▼
Suppliers440/4€11k€585▼
Advances received on contracts in progress46€2k-
Taxes, remuneration and social security45€4k€3k▼
Taxes450/3€2k-
Remuneration and social security454/9€2k€3k▲
Other amounts payable47/48€5k-
Income statement
Code20242025
Turnover70-€97k
Goods, raw materials, services and sundry goods60/61-€75k
Remuneration, social security and pensions62€24k€20k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€4k▲
Other operating charges640/8€621€955▲
Gross operating margin9900€29k€23k▼
Operating profit (loss)9901€406€-2k▼
Financial income75/76B€56€33▼
Recurring financial income75€56€33▼
Financial charges65/66B€185€193▲
Recurring financial charges65€185€193▲
Profit (loss) for the period before taxes9903€277€-2k▼
Income taxes67/77€14€10▼
Profit (loss) for the period9904€263€-2k▼
Profit (loss) for the period to be appropriated9905€263€-2k▼
Appropriation of the result
Profit (loss) to be appropriated9906€3k€1k▼
Profit (loss) brought forward from the previous period14P€3k€3k▲
Social balance
Average headcount (FTE)90870.50.5=
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €97k | €57k | - | - | €97k | - |
| Non-recurring operating income76A | - | - | €131 | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €51k | - | - | €75k | - |
| Remuneration, social security and pensions62 | - | €13k | €21k | €24k | €20k | ▼ 17.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | €3k | €4k | €4k | €4k | ▲ 7.4% |
| Other operating charges640/8 | - | €638 | €515 | €621 | €955 | ▲ 53.7% |
| Non-recurring operating charges66A | - | - | €550 | - | - | - |
| Gross operating margin9900 | €26k | €7k | €36k | €29k | €23k | ▼ 20.8% |
| Operating profit (loss)9901 | €4k | €-10k | €11k | €406 | €-2k | ▼ 564% |
| Financial income75/76B | - | €0 | €20 | €56 | €33 | ▼ 40.8% |
| Recurring financial income75 | €1 | €0 | €20 | €56 | €33 | ▼ 40.8% |
| Financial charges65/66B | - | €192 | €178 | €185 | €193 | ▲ 4.3% |
| Recurring financial charges65 | €247 | €192 | €178 | €185 | €193 | ▲ 4.3% |
| Profit (loss) for the period before taxes9903 | €3k | €-10k | €10k | €277 | €-2k | ▼ 839% |
| Income taxes67/77 | - | - | - | €14 | €10 | ▼ 28.1% |
| Profit (loss) for the period9904 | €3k | €-10k | €10k | €263 | €-2k | ▼ 881% |
| Profit (loss) for the period to be appropriated9905 | €3k | €-10k | €10k | €263 | €-2k | ▼ 881% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €19k | €15k | €43k | €46k | €25k | ▼ 44.7% |
| Fixed assets21/28 | €4k | €7k | €5k | €4k | €7k | ▲ 75.9% |
| Tangible fixed assets22/27 | €4k | €7k | €5k | €4k | €7k | ▲ 75.9% |
| Plant, machinery and equipment23 | - | €688 | €2k | €3k | €7k | ▲ 148% |
| Furniture and vehicles24 | - | €6k | €3k | €1k | €176 | ▼ 85.1% |
| Financial fixed assets28 | - | - | €60 | - | - | - |
| Current assets29/58 | €15k | €7k | €38k | €42k | €19k | ▼ 55.7% |
| Amounts receivable within one year40/41 | €13k | €3k | €4k | €23k | €6k | ▼ 72.0% |
| Trade receivables40 | - | €2k | €3k | €23k | €5k | ▼ 79.1% |
| Other amounts receivable41 | - | €466 | €540 | €221 | €2k | ▲ 664% |
| Cash at bank and in hand54/58 | €2k | €4k | €33k | €17k | €11k | ▼ 33.3% |
| Deferred charges and accrued income490/1 | - | €934 | €1k | €2k | €776 | ▼ 58.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €19k | €15k | €43k | €46k | €25k | ▼ 44.7% |
| Equity10/15 | €12k | €13k | €23k | €24k | €22k | ▼ 8.7% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Capital10 | - | €19k | €19k | €19k | €19k | = |
| Issued capital100 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Legal reserve130 | - | €2k | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €-8k | €-8k | €3k | €3k | €1k | ▼ 63.5% |
| Amounts payable17/49 | €7k | €2k | €20k | €22k | €4k | ▼ 83.5% |
| Amounts payable within one year42/48 | €7k | €2k | €20k | €22k | €4k | ▼ 83.5% |
| Trade debts44 | €4k | €1k | €15k | €11k | €585 | ▼ 94.6% |
| Suppliers440/4 | - | €1k | €15k | €11k | €585 | ▼ 94.6% |
| Advances received on contracts in progress46 | - | - | €580 | €2k | - | - |
| Taxes, remuneration and social security45 | - | €758 | €5k | €4k | €3k | ▼ 14.9% |
| Taxes450/3 | - | - | - | €2k | - | - |
| Remuneration and social security454/9 | - | €758 | €5k | €2k | €3k | ▲ 50.1% |
| Other amounts payable47/48 | - | - | - | €5k | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3k | €-10k | €10k | €263 | €-2k | ▼ 881% |
| + Depreciation and write-downs630 | €2k | €3k | €4k | €4k | €4k | ▲ 7.4% |
| Operating cash flow (approximation) | €5k | €-7k | €14k | €4k | €2k | ▼ 53.4% |
| Investment in fixed assets (approximation) | - | €-6k | €-2k | €-2k | €-7k | ▼ 244% |
| Change in cash | - | €2k | €29k | €-16k | €-6k | ▲ 64.3% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
04-02
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
30-09
Financial
Liquidity triplescurrent ratio 5.11
Current ratio from 1.90 to 5.11; short-term debt falls from €22k to €4k.
15-02
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-01
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
30-09
Financial
Back to profitnet €10k
Net result €10k after one loss-making year.
02-02
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
02-02
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
30-09
Financial
Back to profitnet €1k
Net result €1k after 2 loss-making years.
06-02
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
30-09
Financial
Liquidity doublescurrent ratio 2.94
Current ratio from 1.37 to 2.94; short-term debt falls from €8k to €3k.
28-01
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
01-02
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
28-01
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Genappe · 1 establishment unit since 1995
Ground area
6,749 m²
Building footprint
179 m²
Volume, LiDAR
1,249 m³
Parcel 25013B0049/00K000, Wallonia · tallest building 8.6 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Rue du Champ Saint Nicolas 8, 1470 Genappe
since 19952.069.903.190
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25013B0049/00K000 | Wallonia | 6,749 m² | 1 · 179 m² | 8.6 m · 2 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 21,213 companies in sector 81300 we hold annual accounts for 4,364. 3,189 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 (pre-2019)
Founded14-12-1994
Fiscal year end30-09
Activities, NACEBEL 2025
81300Landscape service activities
33120Repair and maintenance of machinery
43990Other specialised construction activities
77310Rental and leasing activities
Scores and ratios are computed by Checked and are not a credit decision.