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ZEDES

Active
Private limited company (pre-2019)founded 200323 yrs activeGentsesteenweg 263, 1081 Koekelberg, BelgiumKBO/BCE: BE 0480.752.388
Summary

ZEDES has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (-€2,187) and a net result of €6,882. Equity is shrinking by ~53.7% per year across the filed fiscal years. Its solvency ranks better than 16% of 15862 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.4% (low).

Checked score

Score 2024
Axes · tick = 2023
Profitability100▲+100
Solvency8▲+8
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
1.4% Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.5 against 0.25 in 2023; short-term debt: 116.7% and cash: 31% of total assets), and equity is negative.
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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
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 2024
Solvency, return and age of the figures
Solvency
-16.7%
Return on assets
52.5%
Age of the figures
21 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 23 years 0 30 y
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 15862 sector peers (2024).
NBB · sector comparison
Position among 15862 sector peers
Solvency
better than 16%
← weakest strongest →
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-12-2025, 153 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
153 d late
2023
1 d early
2022
25 d late
2021
29 d late
2020
1 d early
2019
90 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 49 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

ZEDES was incorporated on 10 June 2003.1 Total assets fell from EUR 16,480 in 2018 to EUR 13,119 in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2024

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Financials · fiscal year 2024, micro schema

Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€6,882
2023 · -€2,150
Working capital
-€7,587▲ 47.6%
2023 · -€14,469
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20202021202220232024
Operating result€649-€5,946-€7,670▼ 29.0%-€1,722▲ 77.5%€7,312
Net result€446below the sector's middle half-€6,102below the sector's middle half-€7,857below the sector's middle half▼ 28.8%-€2,150within the sector's middle half▲ 72.6%€6,882within the sector's middle half
Equity€7,040below the sector's middle half▲ 6.8%€938below the sector's middle half▼ 86.7%-€6,919below the sector's middle half-€9,069below the sector's middle half▼ 31.1%-€2,187below the sector's middle half▲ 75.9%
Total assets€9,012below the sector's middle half▼ 5.7%€12,618below the sector's middle half▲ 40.0%€9,900below the sector's middle half▼ 21.5%€10,207below the sector's middle half▲ 3.1%€13,119below the sector's middle half▲ 28.5%
Debt€1,973▼ 33.4%€11,680▲ 492%€16,819▲ 44.0%€19,276▲ 14.6%€15,306▼ 20.6%
Working capital€1,640▲ 37.4%-€4,462-€12,319▼ 176%-€14,469▼ 17.5%-€7,587▲ 47.6%
Solvency78.1%above the sector's middle half▲ 9.1pp7.4%below the sector's middle half▼ 70.7pp-69.9%below the sector's middle half▼ 77.3pp-88.9%below the sector's middle half▼ 19.0pp-16.7%below the sector's middle half▲ 72.2pp
above within below the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
-€10,000-€5,000€0€5,000Operating result 2020: €649€649Net result 2020: €446€446Operating result 2021: -€5,946-€5,946Net result 2021: -€6,102-€6,102Operating result 2022: -€7,670-€7,670Net result 2022: -€7,857-€7,857Operating result 2023: -€1,722-€1,722Net result 2023: -€2,150-€2,150Operating result 2024: €7,312€7,312Net result 2024: €6,882€6,88220202021202220232024-€10,000-€5,000€0€5,000Operating result 2022: -€7,670-€7,670Net result 2022: -€7,857-€7,860Operating result 2023: -€1,722-€1,720Net result 2023: -€2,150-€2,150Operating result 2024: €7,312€7,310Net result 2024: €6,882€6,880202220232024
The operating result returns to profit in 2024: €7,312 after a loss of €1,722 in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €13,119
Fixed assets €5,400 =
Current assets €7,719 ▲ 60.6%
Key figures and ratios
2024 value · change against 2023
Current ratio
0.50▲
2023 · 0.25
Quick ratio
0.27▲
2023 · 0.10
Debt to equity
-7.00▼
2023 · -2.13
ROA
52.5%▲
2023 · -21.1%
Debt ≤ 1 year
€15,306▼
2023 · €19,276
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 3,799 companies that looked in July 2024 the way this one looks now, 2.5% went bankrupt within 24 months and 91% are still going.

  • Micro
  • 20 years or older
  • negative equity
  • a profit of 5% of the balance sheet or more
2.5% went bankrupt
5.3% stopped otherwise
91% still going

A further 0.8% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 1.4% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.6%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 3,799 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2024 against 2023 · 33 lines
Balance sheet Code20232024
Assets
Total assets20/58€10,207€13,119▲
Fixed assets21/28€5,400€5,400=
Financial fixed assets28€5,400€5,400=
Current assets29/58€4,807€7,719▲
Stocks and contracts in progress3€2,968€3,593▲
Stocks30/36€2,968€3,593▲
Amounts receivable within one year40/41-€63
Trade receivables40-€63
Cash at bank and in hand54/58€1,839€4,063▲
Equity and liabilities
Total equity and liabilities10/49€10,207€13,119▲
Equity10/15-€9,069-€2,187▲
Contributions10/11€19,000€19,000=
Profit (loss) carried forward14-€28,069-€21,187▲
Amounts payable17/49€19,276€15,306▼
Amounts payable within one year42/48€19,276€15,306▼
Trade debts44€4,560€978▼
Suppliers440/4€4,560€978▼
Taxes, remuneration and social security45€1,526€5,290▲
Taxes450/3€1,526€5,290▲
Other amounts payable47/48€13,189€9,038▼
Income statement Code20232024
Non-recurring operating charges66A€337€504▲
Gross operating margin9900-€1,385€7,816▲
Operating profit (loss)9901-€1,722€7,312▲
Financial income75/76B€42€0▼
Recurring financial income75€42€0▼
Financial charges65/66B€470€430▼
Recurring financial charges65€385€430▲
Non-recurring financial charges66B€85-
Profit (loss) for the period before taxes9903-€2,150€6,882▲
Profit (loss) for the period9904-€2,150€6,882▲
Profit (loss) for the period to be appropriated9905-€2,150€6,882▲
Appropriation of the result
Profit (loss) to be appropriated9906-€28,069-€21,187▲
Profit (loss) brought forward from the previous period14P-€25,919-€28,069▼

The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20202021202220232024Change
Non-recurring operating income76A-€9,494€7,881---
Non-recurring operating charges66A-€141€170€337€504▲ 49.6%
Gross operating margin9900€749-€5,805-€7,500-€1,385€7,816▲ 664%
Operating profit (loss)9901€649-€5,946-€7,670-€1,722€7,312▲ 525%
Financial income75/76B---€42€0▼ 99.5%
Recurring financial income75---€42€0▼ 99.5%
Financial charges65/66B-€156€187€470€430▼ 8.5%
Recurring financial charges65€203€156€187€385€430▲ 11.7%
Non-recurring financial charges66B---€85--
Profit (loss) for the period before taxes9903€446-€6,102-€7,857-€2,150€6,882▲ 420%
Profit (loss) for the period9904€446-€6,102-€7,857-€2,150€6,882▲ 420%
Profit (loss) for the period to be appropriated9905€446-€6,102-€7,857-€2,150€6,882▲ 420%
Line20202021202220232024Change
Assets
Total assets20/58€9,012€12,618€9,900€10,207€13,119▲ 28.5%
Fixed assets21/28€5,400€5,400€5,400€5,400€5,400=
Financial fixed assets28€5,400€5,400€5,400€5,400€5,400=
Current assets29/58€3,612€7,218€4,500€4,807€7,719▲ 60.6%
Stocks and contracts in progress3€3,050€4,340€3,310€2,968€3,593▲ 21.1%
Stocks30/36-€4,340€3,310€2,968€3,593▲ 21.1%
Amounts receivable within one year40/41----€63-
Trade receivables40----€63-
Cash at bank and in hand54/58€562€2,878€1,190€1,839€4,063▲ 121%
Equity and liabilities
Total equity and liabilities10/49€9,012€12,618€9,900€10,207€13,119▲ 28.5%
Equity10/15€7,040€938-€6,919-€9,069-€2,187▲ 75.9%
Contributions10/11-€19,000€19,000€19,000€19,000=
Profit (loss) carried forward14-€11,960-€18,062-€25,919-€28,069-€21,187▲ 24.5%
Amounts payable17/49€1,973€11,680€16,819€19,276€15,306▼ 20.6%
Amounts payable within one year42/48€1,973€11,680€16,819€19,276€15,306▼ 20.6%
Trade debts44€906€505€593€4,560€978▼ 78.5%
Suppliers440/4-€505€593€4,560€978▼ 78.5%
Taxes, remuneration and social security45-€11,175€16,226€1,526€5,290▲ 247%
Taxes450/3-€1,175€2,226€1,526€5,290▲ 247%
Remuneration and social security454/9-€10,000€14,000---
Other amounts payable47/48---€13,189€9,038▼ 31.5%
Line20202021202220232024Change
Profit (loss) for the period9904€446-€6,102-€7,857-€2,150€6,882▲ 420%
Operating cash flow (approximation)€446-€6,102-€7,857-€2,150€6,882▲ 420%
Investment in fixed assets (approximation)-€0€0€0€0-
Change in cash-€2,315-€1,688€649€2,225▲ 243%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
31-12
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 153 days late
2024
31-12
Financial Back to profitnet €6,882
Net result €6,882 after 3 loss-making years.
30-07
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
25-08
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 25 days late
2022
31-12
Financial Weakest financial yearnet -€7,857
Net result drops to -€7,857, the lowest in the series; recovery starts the following year.
29-08
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
30-07
NBB filing Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial Back to profitnet €446
Net result €446 after one loss-making year.
29-10
NBB filing Annual accounts filed
fiscal year 2019 · full schema · 90 days late
2019
29-08
NBB filing Annual accounts filed
fiscal year 2018 · full schema · 29 days late
2018
24-08
NBB filing Annual accounts filed
fiscal year 2017 · full schema · 24 days late
2017
28-07
NBB filing Annual accounts filed
fiscal year 2016 · full schema
2016
20-09
NBB filing Annual accounts filed
fiscal year 2015 · full schema · 51 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts

We know of 5 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
5 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, Koekelberg · 1 establishment unit since 2024
seat establishment The establishment unit on the map
Ground area
99 m²
Building footprint
167 m²
Volume, LiDAR
1,689 m³
Parcel 21492B0173/00S000, Brussels · tallest building 15.7 m, ±4 floors. Linked by address, not a title deed.
3 companies at this address See who is registered here
1 establishment unit
ZEDES
Gentsesteenweg 263, 1081 KoekelbergWholesale of household textiles and bedding
since 20242.360.452.636
1 parcel
Brussels 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21492B0173/00S000 Brussels 99 m² 1 · 167 m² 15.7 m · 4 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.

Similar companies · same sector, comparable size

Of 687 companies in sector 46412 we hold annual accounts for 518. 28 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)
Founded10-06-2003
Fiscal year end31-12
Activities, NACEBEL 2025
46412Wholesale of household textiles and bedding
47512Retail sale of household textiles and bedding
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

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Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.