Summary
ZEDELTRAC is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €6.78M and a net result of €1.31M. Equity is growing by ~21.6% per year across the filed fiscal years. Its solvency ranks better than 44% of 2777 sector peers (fiscal year 2024). The company has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 04-07-2025, 27 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
not confirmed
2024
27 d early
2023
30 d late
2022
13 d early
2021
39 d early
2020
31 d late
2019
69 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
History
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Financials · fiscal year 2024, full schema
Equity
€6.78M▲ 23.9%
2023 · €5.47M
Net result
€1.31M▼ 16.2%
2023 · €1.56M
Total assets
€13.46M▲ 6.4%
2023 · €12.65M
Solvency
50.4%▲ 7.1pp
2023 · 43.2%
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
Line20202021202220232024
Turnover€135k=€135k=€135k=
Operating result€-319k€-75k▲ 76.3%€92k€2.14M▲ 2,223%€488k▼ 77.2%
Net result€-106k€1.08M€427k▼ 60.6%€1.56M▲ 266%€1.31M▼ 16.2%
Equity€2.40M▼ 4.2%€3.48M▲ 45.2%€3.91M▲ 12.3%€5.47M▲ 40.0%€6.78M▲ 23.9%
Total assets€12.53M▲ 67.8%€11.90M▼ 5.0%€12.18M▲ 2.4%€12.65M▲ 3.9%€13.46M▲ 6.4%
Debt€10.03M▲ 106%€8.32M▼ 17.1%€8.17M▼ 1.8%€6.64M▼ 18.8%€6.15M▼ 7.4%
Working capital€-2.40M▼ 30.7%€-1.72M▲ 28.5%€-2.37M▼ 38.1%€-488k▲ 79.4%€2.00M
Solvency19.1%▼ 14.4pp29.2%▲ 10.1pp32.1%▲ 2.8pp43.2%▲ 11.2pp50.4%▲ 7.1pp
Staff (FTE)15.2▲ 25.6%15.6▲ 2.6%15.3▼ 1.9%14.3▼ 6.5%14.3=
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 77% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €13.46M
Fixed assets
€9.00M ▼ 15.3%
Current assets
€4.46M ▲ 121%
Equity and liabilities €13.46M
Equity
€6.78M ▲ 23.9%
Provisions
€529k ▼ 2.6%
Debt
€6.15M ▼ 7.4%
Debt's share of the balance-sheet total falls from 52.5% to 45.7%. Equity is higher and debt is lower.
Key figures and ratios
ROE
19.3%▼
2023 · 28.6%
ROA
9.7%▼
2023 · 12.4%
Debt ≤ 1 year
€2.46M▼
2023 · €2.51M
Debt > 1 year
€3.69M▼
2023 · €4.13M
Income taxes
€125k▲
2023 · €110k
Staff costs
€1.22M▼
2023 · €1.29M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | €1.84M | €2.04M | - | - | - |
| Turnover70 | €135k | €135k | €135k | - | - | - |
| Other operating income74 | - | €1.69M | €1.81M | - | - | - |
| Non-recurring operating income76A | - | €19k | €95k | €1.89M | €18k | ▼ 99.0% |
| Operating charges60/66A | - | €1.91M | €1.95M | - | - | - |
| Services and other goods61 | - | €449k | €424k | - | - | - |
| Remuneration, social security and pensions62 | - | €1.19M | €1.22M | €1.29M | €1.22M | ▼ 5.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €552k | €214k | €255k | €269k | €254k | ▼ 5.4% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | - | €5k | - |
| Other operating charges640/8 | - | €58k | €27k | €98k | €62k | ▼ 36.3% |
| Non-recurring operating charges66A | - | - | €25k | €7k | - | - |
| Gross operating margin9900 | - | - | - | €3.81M | €2.03M | ▼ 46.6% |
| Operating profit (loss)9901 | €-319k | €-75k | €92k | €2.14M | €488k | ▼ 77.2% |
| Financial income75/76B | - | €1.32M | €537k | €142k | €2.45M | ▲ 1,623% |
| Recurring financial income75 | €405k | €1.32M | €398k | €142k | €2.45M | ▲ 1,623% |
| Income from financial fixed assets750 | - | €1.32M | €390k | - | - | - |
| Other financial income752/9 | - | €1k | €8k | - | - | - |
| Non-recurring financial income76B | - | - | €140k | - | - | - |
| Financial charges65/66B | - | €165k | €153k | €166k | €1.52M | ▲ 821% |
| Recurring financial charges65 | €192k | €165k | €153k | €166k | €166k | ▲ 0.5% |
| Debt charges650 | €189k | €164k | €150k | - | - | - |
| Other financial charges652/9 | - | €1k | €3k | - | - | - |
| Non-recurring financial charges66B | - | - | - | - | €1.36M | - |
| Profit (loss) for the period before taxes9903 | €-105k | €1.08M | €477k | €2.12M | €1.41M | ▼ 33.1% |
| Transfer from deferred taxes780 | - | - | - | €29k | €19k | ▼ 35.0% |
| Transfer to deferred taxes680 | - | - | - | €472k | - | - |
| Income taxes67/77 | €751 | €1k | €50k | €110k | €125k | ▲ 13.1% |
| Taxes670/3 | - | €1k | €50k | - | - | - |
| Profit (loss) for the period9904 | €-106k | €1.08M | €427k | €1.56M | €1.31M | ▼ 16.2% |
| Transfer from tax-exempt reserves789 | - | - | - | €87k | €57k | ▼ 35.0% |
| Transfer to tax-exempt reserves689 | - | - | - | €1.42M | - | - |
| Profit (loss) for the period to be appropriated9905 | €-106k | €1.08M | €427k | €233k | €1.37M | ▲ 486% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €12.53M | €11.90M | €12.18M | €12.65M | €13.46M | ▲ 6.4% |
| Fixed assets21/28 | €10.78M | €10.48M | €11.03M | €10.63M | €9.00M | ▼ 15.3% |
| Tangible fixed assets22/27 | €6.72M | €6.42M | €6.83M | €6.43M | €6.16M | ▼ 4.3% |
| Land and buildings22 | - | €6.05M | €5.32M | €6.35M | €6.12M | ▼ 3.6% |
| Plant, machinery and equipment23 | - | €6k | €3k | €1k | - | - |
| Furniture and vehicles24 | - | €176k | €133k | €76k | €42k | ▼ 44.5% |
| Leasing and similar rights25 | - | €28k | €19k | €10k | - | - |
| Other tangible fixed assets26 | - | €160k | €1.36M | - | - | - |
| Financial fixed assets28 | €4.06M | €4.06M | €4.20M | €4.20M | €2.84M | ▼ 32.3% |
| Affiliated companies280/1 | - | €4.06M | €4.20M | - | - | - |
| Participating interests280 | - | €4.06M | €4.20M | - | - | - |
| Other financial fixed assets284/8 | - | €3k | €3k | - | - | - |
| Amounts receivable and cash guarantees285/8 | - | €3k | €3k | - | - | - |
| Current assets29/58 | €1.75M | €1.42M | €1.15M | €2.02M | €4.46M | ▲ 121% |
| Amounts receivable after more than one year29 | - | €402k | €223k | €45k | €2.04M | ▲ 4,483% |
| Other amounts receivable291 | - | €402k | €223k | €45k | €2.04M | ▲ 4,483% |
| Amounts receivable within one year40/41 | €951k | €1.00M | €644k | €1.86M | €2.21M | ▲ 18.8% |
| Trade receivables40 | - | €557k | €310k | €889k | €1.24M | ▲ 39.9% |
| Other amounts receivable41 | - | €447k | €334k | €967k | €963k | ▼ 0.5% |
| Cash at bank and in hand54/58 | €105k | €2k | €260k | €100k | €204k | ▲ 104% |
| Deferred charges and accrued income490/1 | - | €11k | €19k | €20k | €4k | ▼ 80.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €12.53M | €11.90M | €12.18M | €12.65M | €13.46M | ▲ 6.4% |
| Equity10/15 | €2.40M | €3.48M | €3.91M | €5.47M | €6.78M | ▲ 23.9% |
| Contributions10/11 | €872k | €872k | €872k | €872k | €872k | = |
| Capital10 | - | €872k | €872k | €872k | €872k | = |
| Issued capital100 | - | €872k | €872k | €872k | €872k | = |
| Reserves13 | €87k | €87k | €87k | €1.42M | €1.36M | ▼ 4.0% |
| Non-distributable reserves130/1 | - | €87k | €87k | €87k | €87k | = |
| Legal reserve130 | - | €87k | €87k | €87k | €87k | = |
| Tax-exempt reserves132 | - | - | - | €1.33M | €1.27M | ▼ 4.3% |
| Profit (loss) carried forward14 | €1.44M | €2.52M | €2.95M | €3.18M | €4.55M | ▲ 42.9% |
| Provisions and deferred taxes16 | €100k | €100k | €100k | €544k | €529k | ▼ 2.6% |
| Provisions for liabilities and charges160/5 | - | €100k | €100k | €100k | €105k | ▲ 4.5% |
| Pensions and similar obligations160 | - | €100k | €100k | €100k | €105k | ▲ 4.5% |
| Deferred taxes168 | - | - | - | €443k | €424k | ▼ 4.3% |
| Amounts payable17/49 | €10.03M | €8.32M | €8.17M | €6.64M | €6.15M | ▼ 7.4% |
| Amounts payable after more than one year17 | €5.87M | €5.18M | €4.64M | €4.13M | €3.69M | ▼ 10.6% |
| Financial debts170/4 | - | €5.18M | €4.64M | €4.13M | €3.69M | ▼ 10.6% |
| Leasing and similar obligations172 | - | €13k | €2k | - | - | - |
| Credit institutions173 | - | €5.17M | €4.63M | - | - | - |
| Amounts payable within one year42/48 | €4.16M | €3.13M | €3.52M | €2.51M | €2.46M | ▼ 1.8% |
| Current portion of amounts payable after more than one year42 | - | €562k | €543k | €510k | €438k | ▼ 14.1% |
| Financial debts43 | - | €751k | €1.00M | - | - | - |
| Credit institutions430/8 | - | €751k | €1.00M | - | - | - |
| Trade debts44 | €112k | €319k | €398k | €206k | €196k | ▼ 4.6% |
| Suppliers440/4 | - | €319k | €398k | €206k | €196k | ▼ 4.6% |
| Taxes, remuneration and social security45 | - | €146k | €182k | €403k | €368k | ▼ 8.7% |
| Taxes450/3 | - | €37k | €62k | €179k | €191k | ▲ 6.5% |
| Remuneration and social security454/9 | - | €109k | €120k | €224k | €177k | ▼ 20.9% |
| Other amounts payable47/48 | - | €1.36M | €1.39M | €1.39M | €1.46M | ▲ 5.1% |
| Accrued charges and deferred income492/3 | - | €7k | €20k | €6k | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-106k | €1.08M | €427k | €1.56M | €1.31M | ▼ 16.2% |
| + Depreciation and write-downs630 | €552k | €214k | €255k | €269k | €254k | ▼ 5.4% |
| Operating cash flow (approximation) | €446k | €1.30M | €682k | €1.83M | €1.56M | ▼ 14.6% |
| Investment in fixed assets (approximation) | - | €81k | €-806k | €132k | €1.38M | ▲ 941% |
| Change in cash | - | €-104k | €258k | €-160k | €104k | ▲ 165% |
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
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
04-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Liquidity doublescurrent ratio 1.81
Current ratio from 0.81 to 1.81; short-term debt falls from €2.51M to €2.46M.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 30 days late
2023
31-12
Financial
Highest result since 2018net €1.56M ▲266%
Operating result €2.14M, net result €1.56M, both a record.
31-12
Financial
Equity above €5MEq €5.47M ▲40%
3 profitable years in a row build equity to €5.47M.
18-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
22-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Back to profitnet €1.08M
Net result €1.08M after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 31 days late
2020
31-12
Financial
Weakest financial yearnet €-106k
Net result drops to €-106k, the lowest in the series; recovery starts the following year.
08-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 69 days late
Show earlier events
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 30 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 31 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 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
8 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, Zedelgem · 1 establishment unit since 1990
Ground area
2.5 ha
Building footprint
1.3 ha
Volume, LiDAR
88,402 m³
Parcel 31040D0921/00K000, Flanders · tallest building 9.6 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Remi Claeysstraat 66, 8210 Zedelgem
since 19902.047.973.173
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31040D0921/00K000 | Flanders | 2.5 ha | 1 · 1.3 ha | 9.6 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 3 entries · 1,894 EUR awarded · 1,134 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,136 EUR | 946 EUR |
| 2024 | 1 | 570 EUR | 0 EUR |
| 2022 | 1 | 188 EUR | 188 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 24,730 companies in sector 64210 we hold annual accounts for 19,772. 6,641 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded13-02-1990
Fiscal year end31-12
Activities, NACEBEL 2025
46610Wholesale trade
64210Activities of holding companies
68110Buying and selling of own real estate
73200Market research and public opinion polling
Scores and ratios are computed by Checked and are not a credit decision.