Skip to content

Zeelse Grond- en Kabelwerken

Active
Private limited companyfounded 2004active for 22 yearsTouwslagerstraat 8, 9240 Zele, BelgiumKBO/BCE: BE 0863.743.923
Summary

Zeelse Grond- en Kabelwerken has been active since 2004 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.0m and a net result of €1.1m, of which €841,208 non-recurring income. Equity has been growing by about 11% per year since 2018. Its solvency ranks better than 50% of 525 sector peers (NACE 42, financial year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).

Overview

Official details

Source: KBO
Status
Active since 01-03-2004 Normal situation
Activity
Construction of utility projects for electricity and telecommunications NACE 42220
Joint committees
124 Paritair Comité voor het bouwbedrijf
200 Aanvullend Paritair Comité voor de bedienden · annual accounts 30-09-2025
Establishment unit
2.135.726.697 9240 Zele, since 02-03-2004
Financial year end
30 September
Peppol
Reachable

Board and ownership

Board
  • VANHULLEDirector · since 03-10-2023 · permanent representative VANHULLE Johan
Auditor
KPMG Réviseurs d'Entreprises BV/SRL
Shareholders

Financial position

86 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.4%
Annual accounts to 30-09-2025
Gross margin
€3.1m
▲ 135%
Turnover
≈ €5.3m
estimated
Profit
€1.1m
▲ 19×
Equity
€2.0m
▲ 126%
Total assets
€5.3m
▲ 73.3%
Employees on 30-09-2025
73
▲ 204%
  • 2025 accounts filed 74 days after the deadline
Net result +1,752%: 12-month year
Filed on 13-07-2026
Score breakdownraises risk1 change of registered office in 24 monthsLast filed accounts filed 74 days late; 2 of the last 3 accounts latelowers riskSize: 76.4 FTE, total assets €5.3mFounded in 2004Show the evidence

Checked score

Score 2025
86 / 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 74% of medium-sized companies in civil engineering (NACE 42)
Financial strength · tick: 2024
Strong
Solvency 63+9
equity 38.1% of total assets
Liquidity 37+17
short-term debt 51.4% · cash 10.4%
Profitability 95+24
return on assets 21.2%
Bankruptcy probability within 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%

About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (105 companies, NACE 42, medium-sized)
Last 24 months 12-2024: 0.7% 01-2025: 0.7%● unchanged vs 12-2024 02-2025: 0.7%● unchanged vs 01-2025 03-2025: 0.8%▲ +0.1 percentage points vs 02-2025 04-2025: 0.9%▲ +0.1 percentage points vs 03-2025 05-2025: 1.1%▲ +0.2 percentage points vs 04-2025 06-2025: 1.2%▲ +0.1 percentage points vs 05-2025 07-2025: 1.3%▲ +0.1 percentage points vs 06-2025 08-2025: 2.0%▲ +0.7 percentage points vs 07-2025 09-2025: 2.5%▲ +0.5 percentage points vs 08-2025 10-2025: 4.1%▲ +1.6 percentage points vs 09-2025 11-2025: 4.1%● unchanged vs 10-2025 12-2025: 4.9%▲ +0.8 percentage points vs 11-2025 01-2026: 5.0%▲ +0.1 percentage points vs 12-2025 02-2026: 5.1%▲ +0.1 percentage points vs 01-2026 03-2026: 5.3%▲ +0.2 percentage points vs 02-2026 04-2026: 5.3%● unchanged vs 03-2026 05-2026: 6.3%▲ +1.0 percentage point vs 04-2026 06-2026: 7.4%▲ +1.1 percentage points vs 05-2026 07-2026: 9.9%▲ +2.5 percentage points vs 06-2026highest value 08-2026: 1.0%▼ -8.9 percentage points vs 07-2026 09-2026: 1.0%● unchanged vs 08-2026 10-2026: 0.4%▼ -0.6 percentage points vs 09-2026lowest value 11-2026: 0.4%● unchanged vs 10-2026lowest value
Credit of up to €170,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.59 (1.3 in 2024), above the usual 1.5. Short-term debt is 51.4% and cash 10.4% of total assets. However, 61.9% of the assets are financed with debt and provisions.
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 42, medium-sized). It does better than 55% of them on solvency, 54% on liquidity, 91% on profitability and 96% on growth.

The bankruptcy probability was computed on 01-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskraises risk
raises risk · 1 change of registered office in 24 months
Belgian Official Gazette
raises risk · Last filed accounts filed 74 days late; 2 of the last 3 accounts late
NBB · filings
lowers risk · Size: 76.4 FTE, total assets €5.3m
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
lowers risk · Founded in 2004
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
raises risk · 2025 accounts filed 74 days late
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 13-07-2026, 74 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 9 filings
Deviation from the deadline
2025
74 days late
2024
153 days late
2023
21 days early
2022
42 days early
2021
13 days early
2020
22 days early
2019
37 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 13 days after the deadline. In the sector (NACE 42), the median for financial year 2024 was 2 days before the deadline, and 41% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today.
Companies Code · seven months
Where today falls in the filing period
30-09-2026 year end01-11-2026 today30-04-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Positive: More staff in 2025different schema filed ▲ 309% View
  • Positive: Fastest staff growth in Belgium, Civil engineering sectorin the Checked rankings No. 1 View
  • 2 restructurings since 2025latest: merger with VHL CONSTRUCT 2 View
  • Positive: 8 profitable years in a rowprofit 2025: €1.1m, mostly one-off 8 years View

Companies linked to Zeelse Grond- en Kabelwerken

Comparable companies

These companies have the same main activity as Zeelse Grond- en Kabelwerken: construction of utility projects for electricity and telecommunications (NACE 42220). They are comparable in size and age: total assets between €3.2m and €9m, founded between 1990 and 2005.

CompanyTotal assetsGross margin
Zeelse Grond- en Kabelwerken Zele€5.3m€3.1m
CAPPAL La Louvière€5.3m€4.2m
DALCOM Zele€4.9m€7.1m
NIDO ALGEMENE ONDERNEMINGEN Zele€3.2m€3.4m
B.R.O. TECHNICS Lokeren€4.6m€5.6m
AG GRONDWERKEN Lokeren€6.0m€3.9m
All Professional Services Merelbeke-Melle€9.0m€4.2m
Full comparison

Key facts about Zeelse Grond- en Kabelwerken

What is the company number of Zeelse Grond- en Kabelwerken?
The company number of Zeelse Grond- en Kabelwerken is 0863.743.923. The VAT number is the same number with BE in front: BE 0863.743.923.
Where is Zeelse Grond- en Kabelwerken based?
The registered office is at Touwslagerstraat 8, 9240 Zele.Company details
What does Zeelse Grond- en Kabelwerken do?
According to the KBO register, the main activity is construction of utility projects for electricity and telecommunications (NACE 42220).
What is the legal form of Zeelse Grond- en Kabelwerken?
The legal form of Zeelse Grond- en Kabelwerken is Private limited company (BV).
When was Zeelse Grond- en Kabelwerken founded?
Zeelse Grond- en Kabelwerken was founded on 01-03-2004.
Is Zeelse Grond- en Kabelwerken still active?
Yes, Zeelse Grond- en Kabelwerken is an active enterprise in the KBO register.
How many employees does Zeelse Grond- en Kabelwerken have?
Zeelse Grond- en Kabelwerken had an average of 76.4 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
Which joint committee does Zeelse Grond- en Kabelwerken fall under?
In its 30-09-2025 annual accounts, Zeelse Grond- en Kabelwerken states joint committees 124 (Paritair Comité voor het bouwbedrijf) and 200 (Aanvullend Paritair Comité voor de bedienden).
What is the turnover of Zeelse Grond- en Kabelwerken?
The turnover in financial year 2025 is ≈ €5.3m. This figure is estimated from the gross margin of €3.1m and 1,586 comparable companies of the same size. It probably lies between €3.6m and €8.7m. It is a rough estimate.
Is Zeelse Grond- en Kabelwerken profitable?
In financial year 2025, Zeelse Grond- en Kabelwerken made a profit of €1.1m.
Where can I find the annual accounts of Zeelse Grond- en Kabelwerken?
Zeelse Grond- en Kabelwerken filed 22 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of Zeelse Grond- en Kabelwerken due?
Zeelse Grond- en Kabelwerken must file the annual accounts for financial year 2026 by 30-04-2027.Timeline

Next steps

See how customers, suppliers and banks see your own company and what to improve first.

Keep this company with today's facts in a case file.