Zed Immo
ActiveSummary
Zed Immo has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-33k) and a net result of €-6k. Equity is shrinking by ~55.7% per year across the filed fiscal years. Its solvency ranks better than 26% of 4659 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability23▲+6
Solvency19▼-1
Growth32=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.92 against 0.93 in 2024; short-term debt: 106.3% and cash: 1.3% of total assets), and equity is negative.
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 · 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
-6.4%
Return on assets
-1.2%
Age of the figures
9 mo
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 · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €-33k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
28 d late
2024
27 d late
2023
48 d early
2022
31 d late
2021
29 d late
2020
3 d early
2019
43 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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-6k▼ 10.5%
2024 · €-5k
2019: €50khighest in 7 years
2020: €-2k▼ -105% vs 2019
2021: €-27k▼ -1014% vs 2020
2022: €-27k▼ -1.0% vs 2021lowest in 7 years
2023: €-13k▲ +51.8% vs 2022
2024: €-5k▲ +58.6% vs 2023
2025: €-6k▼ -10.5% vs 2024
2019 → 2025
Working capital
€-42k▼ 6.2%
2024 · €-40k
2019: €57khighest in 7 years
2020: €54k▼ -4.2% vs 2019
2021: €-35k▼ -164% vs 2020
2022: €-22k▲ +38.0% vs 2021
2023: €-38k▼ -77.5% vs 2022
2024: €-40k▼ -3.0% vs 2023
2025: €-42k▼ -6.2% vs 2024lowest in 7 years
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€19k-€-8k€-21k▼ 156%€-27k▼ 25.2%€-33k▼ 22.2%
2021: €19khighest in 5 years
2022: €-8k▼ -145% vs 2021
2023: €-21k▼ -156% vs 2022
2024: €-27k▼ -25.2% vs 2023
2025: €-33k▼ -22.2% vs 2024lowest in 5 years
Operating result€-23k-€-24k▼ 4.2%€-22k▲ 8.6%€-5k▲ 79.7%€578
2021: €-23k
2022: €-24k▼ -4.2% vs 2021lowest in 5 years
2023: €-22k▲ +8.6% vs 2022
2024: €-5k▲ +79.7% vs 2023
2025: €578▲ +113% vs 2024highest in 5 years
Net result€-27k-€-27k▼ 1.0%€-13k▲ 51.8%€-5k▲ 58.6%€-6k▼ 10.5%
2021: €-27k
2022: €-27k▼ -1.0% vs 2021lowest in 5 years
2023: €-13k▲ +51.8% vs 2022
2024: €-5k▲ +58.6% vs 2023highest in 5 years
2025: €-6k▼ -10.5% vs 2024
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €578 after a loss of €5k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €508k
Fixed assets
€10k ▼ 26.1%
Current assets
€498k ▼ 0.6%
Key figures and ratios
EBITDA
€4k▲
2024 · €-1k
Cash flow
€-2k▼
2024 · €-2k
Solvency
-6.4%▼
2024 · -5.2%
Current ratio
0.92▼
2024 · 0.93
Quick ratio
0.01▼
2024 · 0.02
Debt to equity
-16.58▲
2024 · -20.29
ROA
-1.2%▼
2024 · -1.0%
Interest coverage
0.63▲
2024 · -1.23
Debt
€541k▼
2024 · €541k
Debt ≤ 1 year
€540k▼
2024 · €541k
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 · 37 lines
Balance sheet
Code20242025
Assets
Total assets20/58€515k€508k▼
Fixed assets21/28€13k€10k▼
Intangible fixed assets21€13k€10k▼
Financial fixed assets28€150€150=
Current assets29/58€501k€498k▼
Stocks and contracts in progress3€491k€491k=
Stocks30/36€491k€491k=
Amounts receivable within one year40/41€580€624▲
Other amounts receivable41€580€624▲
Cash at bank and in hand54/58€10k€7k▼
Deferred charges and accrued income490/1€259€251▼
Equity and liabilities
Total equity and liabilities10/49€515k€508k▼
Equity10/15€-27k€-33k▼
Contributions10/11€12k€12k=
Outside capital11€12k-
Share premium1100/10€12k-
Profit (loss) carried forward14€-39k€-45k▼
Amounts payable17/49€541k€541k▼
Amounts payable within one year42/48€541k€540k▼
Financial debts43€500k€500k=
Credit institutions430/8€160k€160k=
Other loans439€340k€340k=
Trade debts44€9k€8k▼
Suppliers440/4€9k€8k▼
Other amounts payable47/48€32k€32k=
Accrued charges and deferred income492/3€550€550=
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€4k=
Other operating charges640/8€957€3k▲
Gross operating margin9900€-77€7k▲
Operating profit (loss)9901€-5k€578▲
Financial charges65/66B€839€7k▲
Recurring financial charges65€839€7k▲
Profit (loss) for the period before taxes9903€-5k€-6k▼
Profit (loss) for the period9904€-5k€-6k▼
Profit (loss) for the period to be appropriated9905€-5k€-6k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-39k€-45k▼
Profit (loss) brought forward from the previous period14P€-34k€-39k▼
The notes to these accounts (5 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €26k | €20k | €529 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14k | €4k | €4k | €4k | €4k | = |
| Other operating charges640/8 | €658 | €6k | €732 | €957 | €3k | ▲ 164% |
| Gross operating margin9900 | €17k | €4k | €-18k | €-77 | €7k | ▲ 8,636% |
| Operating profit (loss)9901 | €-23k | €-24k | €-22k | €-5k | €578 | ▲ 113% |
| Financial income75/76B | - | - | €601 | - | - | - |
| Recurring financial income75 | - | - | €601 | - | - | - |
| Financial charges65/66B | €3k | €3k | €361 | €839 | €7k | ▲ 676% |
| Recurring financial charges65 | €3k | €3k | €361 | €839 | €7k | ▲ 676% |
| Profit (loss) for the period before taxes9903 | €-27k | €-27k | €-22k | €-5k | €-6k | ▼ 10.5% |
| Transfer from deferred taxes780 | - | - | €9k | - | - | - |
| Profit (loss) for the period9904 | €-27k | €-27k | €-13k | €-5k | €-6k | ▼ 10.5% |
| Transfer from tax-exempt reserves789 | - | - | €42k | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €-27k | €-27k | €29k | €-5k | €-6k | ▼ 10.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €109k | €48k | €18k | €515k | €508k | ▼ 1.3% |
| Fixed assets21/28 | €63k | €22k | €17k | €13k | €10k | ▼ 26.1% |
| Intangible fixed assets21 | €24k | €20k | €17k | €13k | €10k | ▼ 26.4% |
| Tangible fixed assets22/27 | €37k | - | - | - | - | - |
| Furniture and vehicles24 | €37k | - | - | - | - | - |
| Financial fixed assets28 | €2k | €2k | €325 | €150 | €150 | = |
| Current assets29/58 | €46k | €26k | €1k | €501k | €498k | ▼ 0.6% |
| Stocks and contracts in progress3 | €16k | €8k | - | €491k | €491k | = |
| Stocks30/36 | €16k | €8k | - | €491k | €491k | = |
| Amounts receivable within one year40/41 | €27k | €16k | €611 | €580 | €624 | ▲ 7.6% |
| Trade receivables40 | €27k | €16k | - | - | - | - |
| Other amounts receivable41 | €398 | - | €611 | €580 | €624 | ▲ 7.6% |
| Cash at bank and in hand54/58 | €1k | €1,000 | €788 | €10k | €7k | ▼ 31.0% |
| Deferred charges and accrued income490/1 | €2k | €978 | - | €259 | €251 | ▼ 3.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €109k | €48k | €18k | €515k | €508k | ▼ 1.3% |
| Equity10/15 | €19k | €-8k | €-21k | €-27k | €-33k | ▼ 22.2% |
| Contributions10/11 | €12k | €12k | €12k | €12k | €12k | = |
| Outside capital11 | - | €12k | €12k | €12k | - | - |
| Share premium1100/10 | - | €12k | €12k | €12k | - | - |
| Reserves13 | €42k | €42k | - | - | - | - |
| Tax-exempt reserves132 | €42k | €42k | - | - | - | - |
| Profit (loss) carried forward14 | €-36k | €-63k | €-34k | €-39k | €-45k | ▼ 15.2% |
| Provisions and deferred taxes16 | €9k | €9k | - | - | - | - |
| Deferred taxes168 | €9k | €9k | - | - | - | - |
| Amounts payable17/49 | €81k | €48k | €40k | €541k | €541k | ▼ 0.1% |
| Amounts payable within one year42/48 | €81k | €48k | €40k | €541k | €540k | ▼ 0.1% |
| Financial debts43 | €103 | €327 | - | €500k | €500k | = |
| Credit institutions430/8 | €103 | €327 | - | €160k | €160k | = |
| Other loans439 | - | - | - | €340k | €340k | = |
| Trade debts44 | €49k | €18k | €8k | €9k | €8k | ▼ 5.7% |
| Suppliers440/4 | €49k | €18k | €8k | €9k | €8k | ▼ 5.7% |
| Taxes, remuneration and social security45 | €2k | €990 | - | - | - | - |
| Taxes450/3 | €26 | €279 | - | - | - | - |
| Remuneration and social security454/9 | €2k | €711 | - | - | - | - |
| Other amounts payable47/48 | €30k | €28k | €32k | €32k | €32k | = |
| Accrued charges and deferred income492/3 | - | - | - | €550 | €550 | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-27k | €-27k | €-13k | €-5k | €-6k | ▼ 10.5% |
| + Depreciation and write-downs630 | €14k | €4k | €4k | €4k | €4k | = |
| Operating cash flow (approximation) | €-13k | €-23k | €-9k | €-2k | €-2k | ▼ 30.1% |
| Investment in fixed assets (approximation) | - | €37k | €2k | €175 | €0 | ▼ 100% |
| Change in cash | - | €-298 | €-212 | €9k | €-3k | ▼ 134% |
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
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
2024
13-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Weakest financial yearnet €-27k
Net result drops to €-27k, the lowest in the series; recovery starts the following year.
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 29 days late
2021
28-01
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2019
19-12
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
14-01
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2017
06-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2016
28-11
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.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Waterloo · 1 establishment unit since 2010
Ground area
875 m²
Building footprint
218 m²
Volume, LiDAR
1,581 m³
2 parcels, Wallonia · tallest building 9.3 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Rue de la Gare 67, 1420 Braine-l'Alleud
since 20102.191.975.019
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25743G0257/00Y000 | Wallonia | 629 m² | 1 · 155 m² | 8.6 m · 2 fl. |
| 25110C0851/00A000 | Wallonia | 246 m² | 1 · 63 m² | 9.3 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 1,000 companies in sector 96102 we hold annual accounts for 459. 324 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
Founded28-06-2010
Fiscal year end31-12
Activities, NACEBEL 2025
96102Launderettes and laundries for private customers
46140Agents in the wholesale of industrial machinery, ships and aircraft
Scores and ratios are computed by Checked and are not a credit decision.