Summary
ZEEV 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 €74.9m and a net result of €2.2m. Equity remains stable across the filed fiscal years (±1% per year). Its solvency ranks better than 93% of 776 sector peers (fiscal year 2024). The company has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked 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 31-12-2025 was due by 31-07-2026 and was filed on 25-06-2026, 36 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
36 d early
2024
41 d early
2023
49 d early
2022
21 d early
2021
44 d early
2020
26 d late
2019
21 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 21 days before the deadline; the sector median for financial year 2024 is 5 days before the deadline, and 38% of the sector filed late.
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. Usually files around 20 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2024, full schema
In the rankings
#3 company by equity in the province of Liège, Auxiliary financial services sector#4 company by total assets in the province of Liège, Auxiliary financial services sector
Equity
€74.9m▼ 5.3%
2023 · €79.1m
Net result
€2.2m▼ 18.4%
2023 · €2.7m
Total assets
€83.1m▲ 4.8%
2023 · €79.3m
Solvency
90.1%▼ 9.6pp
2023 · 99.7%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 66, Activities auxiliary to financial services and insurance activities, 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-€799,471▲ 65.8%-€668,039▲ 16.4%-€471,086▲ 29.5%-€480,817▼ 2.1%-€453,395▲ 5.7%
Net result-€1.2mbelow the sector's middle half-€388,091below the sector's middle half▲ 68.0%-€1.6mbelow the sector's middle half▼ 314%€2.7mabove the sector's middle half€2.2mabove the sector's middle half▼ 18.4%
Equity€79.4mabove the sector's middle half▼ 1.5%€78.2mabove the sector's middle half▼ 1.6%€76.4mabove the sector's middle half▼ 2.3%€79.1mabove the sector's middle half▲ 3.6%€74.9mabove the sector's middle half▼ 5.3%
Total assets€82.4mabove the sector's middle half▼ 8.8%€78.8mabove the sector's middle half▼ 4.3%€76.6mabove the sector's middle half▼ 2.8%€79.3mabove the sector's middle half▲ 3.5%€83.1mabove the sector's middle half▲ 4.8%
Debt€3.0m▼ 69.1%€683,853▼ 77.2%€238,076▼ 65.2%€224,184▼ 5.8%€8.2m▲ 3,566%
Working capital€75.1mabove the sector's middle half▼ 4.6%€74.7mabove the sector's middle half▼ 0.5%€72.9mabove the sector's middle half▼ 2.4%€75.4mabove the sector's middle half▲ 3.4%€70.0mabove the sector's middle half▼ 7.1%
Solvency96.4%above the sector's middle half▲ 7.1pp99.1%above the sector's middle half▲ 2.8pp99.7%above the sector's middle half▲ 0.6pp99.7%above the sector's middle half=90.1%above the sector's middle half▼ 9.6pp
Current ratio26.60above the sector's middle half▲ 17.5011.57above the sector's middle half
Return on assets (ROA)-1.5%below the sector's middle half▼ 90.9pp-0.5%below the sector's middle half▲ 1.0pp-2.1%below the sector's middle half▼ 1.6pp3.4%within the sector's middle half▲ 5.5pp2.7%within the sector's middle half▼ 0.8pp
Staff (FTE)1.1below the sector's middle half▲ 10.0%1below the sector's middle half▼ 9.1%0.2below the sector's middle half▼ 80.0%0below the sector's middle half▼ 100%0below the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 66, Activities auxiliary to financial services and insurance activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €453,395 in 2024 against €480,817 in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €83.1m
Fixed assets
€6.5m ▲ 69.3%
Current assets
€76.7m ▲ 1.5%
Equity and liabilities €83.1m
Equity
€74.9m ▼ 5.3%
Debt
€8.2m ▲ 3,566%
Debt's share of the balance-sheet total rises from 0.3% to 9.9%. Equity is lower and debt is higher.
Key figures and ratios
ROE
3.0%▼
2023 · 3.4%
Debt ≤ 1 year
€6.6m▲
2023 · €146,209
Debt > 1 year
€1.5m▲
2023 · €2,630
Income taxes
€330,116▲
2023 · €11,568
Staff costs
€0▼
2023 · €151
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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €139,599 | €19,058 | €0 | ▼ 100% |
| Remuneration, social security and pensions62 | - | €80,917 | €12,225 | €151 | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €144,165 | €151,423 | €158,742 | €149,416 | €190,941 | ▲ 27.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €5,587 | €0 | - | -€5,587 | - |
| Other operating charges640/8 | - | €134,617 | €141,882 | €126,395 | €180,464 | ▲ 42.8% |
| Gross operating margin9900 | -€541,611 | -€295,496 | -€158,237 | -€204,855 | -€87,577 | ▲ 57.2% |
| Operating profit (loss)9901 | -€799,471 | -€668,039 | -€471,086 | -€480,817 | -€453,395 | ▲ 5.7% |
| Financial income75/76B | - | €3.4m | €3.6m | €2.4m | €4.3m | ▲ 80.1% |
| Recurring financial income75 | €925,979 | €3.4m | €3.6m | €2.4m | €4.3m | ▲ 80.1% |
| Financial charges65/66B | - | €3.1m | €4.7m | -€823,722 | €1.3m | ▲ 258% |
| Recurring financial charges65 | €1.3m | €3.1m | €4.7m | -€823,722 | €1.3m | ▲ 258% |
| Profit (loss) for the period before taxes9903 | -€1.2m | -€360,549 | -€1.6m | €2.7m | €2.6m | ▼ 6.6% |
| Income taxes67/77 | €782 | €27,542 | €34,383 | €11,568 | €330,116 | ▲ 2,754% |
| Profit (loss) for the period9904 | -€1.2m | -€388,091 | -€1.6m | €2.7m | €2.2m | ▼ 18.4% |
| Profit (loss) for the period to be appropriated9905 | -€1.2m | -€388,091 | -€1.6m | €2.7m | €2.2m | ▼ 18.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €82.4m | €78.8m | €76.6m | €79.3m | €83.1m | ▲ 4.8% |
| Fixed assets21/28 | €4.4m | €3.6m | €3.6m | €3.8m | €6.5m | ▲ 69.3% |
| Tangible fixed assets22/27 | €4.4m | €3.6m | €3.6m | €3.8m | €4.8m | ▲ 25.5% |
| Land and buildings22 | - | €3.6m | €3.6m | €3.7m | €4.8m | ▲ 27.3% |
| Furniture and vehicles24 | - | €11,313 | €5,846 | €2,484 | €1,268 | ▼ 49.0% |
| Other tangible fixed assets26 | - | €24,705 | €1,400 | €1,400 | €1,400 | = |
| Assets under construction and advance payments27 | - | - | - | €50,000 | €0 | ▼ 100% |
| Financial fixed assets28 | €542 | €718 | €5,538 | €25,512 | €1.7m | ▲ 6,566% |
| Current assets29/58 | €78.0m | €75.2m | €73.0m | €75.5m | €76.7m | ▲ 1.5% |
| Amounts receivable after more than one year29 | - | €427,571 | €438,688 | €1.1m | €1.2m | ▲ 7.0% |
| Other amounts receivable291 | - | €427,571 | €438,688 | €1.1m | €1.2m | ▲ 7.0% |
| Amounts receivable within one year40/41 | €1.2m | €1.0m | €1.8m | €2.0m | €2.5m | ▲ 29.1% |
| Other amounts receivable41 | - | €1.0m | €1.8m | €2.0m | €2.5m | ▲ 29.1% |
| Current investments50/53 | €69.1m | €69.7m | €70.3m | €71.8m | €72.8m | ▲ 1.3% |
| Cash at bank and in hand54/58 | €7.5m | €4.1m | €410,471 | €614,214 | €170,148 | ▼ 72.3% |
| Deferred charges and accrued income490/1 | - | €1,151 | €15,144 | €17,414 | €11,117 | ▼ 36.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €82.4m | €78.8m | €76.6m | €79.3m | €83.1m | ▲ 4.8% |
| Equity10/15 | €79.4m | €78.2m | €76.4m | €79.1m | €74.9m | ▼ 5.3% |
| Contributions10/11 | €753,608 | €753,608 | €753,608 | €753,608 | €753,608 | = |
| Capital10 | - | €753,608 | €753,608 | €753,608 | €753,608 | = |
| Issued capital100 | - | €753,608 | €753,608 | €753,608 | €753,608 | = |
| Reserves13 | €26.1m | €25.2m | €25.1m | €25.1m | €20.8m | ▼ 16.9% |
| Non-distributable reserves130/1 | - | €75,361 | €75,361 | €75,361 | €75,361 | = |
| Legal reserve130 | - | €75,361 | €75,361 | €75,361 | €75,361 | = |
| Distributable reserves133 | - | €25.2m | €25.0m | €25.0m | €20.8m | ▼ 16.9% |
| Profit (loss) carried forward14 | €52.6m | €52.2m | €50.6m | €53.3m | €53.3m | = |
| Amounts payable17/49 | €3.0m | €683,853 | €238,076 | €224,184 | €8.2m | ▲ 3,566% |
| Amounts payable after more than one year17 | €180 | €860 | €1,330 | €2,630 | €1.5m | ▲ 57,438% |
| Financial debts170/4 | - | - | - | - | €1.5m | - |
| Other amounts payable178/9 | - | €860 | €1,330 | €2,630 | €13,250 | ▲ 404% |
| Amounts payable within one year42/48 | €2.9m | €575,851 | €155,786 | €146,209 | €6.6m | ▲ 4,430% |
| Financial debts43 | - | €403,904 | €106,754 | €129,388 | €150,000 | ▲ 15.9% |
| Credit institutions430/8 | - | €403,904 | €106,754 | €129,388 | €150,000 | ▲ 15.9% |
| Trade debts44 | €32,063 | €42,196 | €32,942 | €16,822 | €9,854 | ▼ 41.4% |
| Suppliers440/4 | - | €42,196 | €32,942 | €16,822 | €9,854 | ▼ 41.4% |
| Taxes, remuneration and social security45 | - | €53,751 | €16,090 | €0 | €28,485 | - |
| Taxes450/3 | - | €42,427 | €16,090 | €0 | €28,485 | - |
| Remuneration and social security454/9 | - | €11,323 | €0 | - | - | - |
| Other amounts payable47/48 | - | €76,000 | €0 | - | €6.4m | - |
| Accrued charges and deferred income492/3 | - | €107,142 | €80,960 | €75,344 | €82,483 | ▲ 9.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1.2m | -€388,091 | -€1.6m | €2.7m | €2.2m | ▼ 18.4% |
| + Depreciation and write-downs630 | €144,165 | €151,423 | €158,742 | €149,416 | €190,941 | ▲ 27.8% |
| Operating cash flow (approximation) | -€1.1m | -€236,669 | -€1.4m | €2.9m | €2.4m | ▼ 16.0% |
| Investment in fixed assets (approximation) | - | €645,833 | -€157,673 | -€359,534 | -€2.8m | ▼ 688% |
| Change in cash | - | -€3.4m | -€3.6m | €203,743 | -€444,066 | ▼ 318% |
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
25-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
20-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
12-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Back to profitnet €2.7m
Net result €2.7m after 3 loss-making years.
10-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Weakest financial yearnet -€1.6m
Net result drops to -€1.6m, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity quadruplescurrent ratio 468.77
Current ratio from 130.64 to 468.77; short-term debt falls from €575,851 to €155,786.
17-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Liquidity times 5current ratio 130.64
Current ratio from 26.60 to 130.64; short-term debt falls from €2.9m to €575,851.
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 26 days late
2020
31-12
Financial
Liquidity triplescurrent ratio 26.60
Current ratio from 9.10 to 26.60; short-term debt falls from €9.7m to €2.9m.
21-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 21 days late
Show earlier events
05-02
State Gazette act
General meeting · Director resignation
Director discharge · Director appointment
2019
31-12
Financial
Highest result since 2018net €80.7m ▲10,674%
Net result €80.7m, the highest in the series.
31-12
Financial
Equity above €50mEq €80.6m ▲1,126%
2 profitable years in a row build equity to €80.6m.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 30 days late
2018
22-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 22 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 31 days late
2016
30-09
State Gazette act
General meeting · Director resignation
Director appointment · Permanent representative
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Liège · 1 establishment unit since 2000
Ground area
163 m²
Building footprint
87 m²
Volume, LiDAR
1,512 m³
Parcel 62805B0476/00S009, Wallonia · tallest building 18.5 m, ±6 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
Avenue Blonden 31, 4000 Liège
since 20002.093.645.030
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62805B0476/00S009 | Wallonia | 163 m² | 1 · 87 m² | 18.4 m · 6 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.
Structure & network
Owners and holdings
2 holdingsOwners 0
The accounts to 31-12-2024 list no shareholders, and no other source names one.
Holdings 2
-
100%
-
80%
According to the 2024 annual accounts of ZEEV and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
1 connected companyThe connected companies are in the list below.
This company
Company
Director
Shareholding
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Linked via shared directors
MITZPEH
Shared director
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Ownership & control
1 board mandateBoard mandates of this companythis company sits on their board1
13 locations
Recognitions · licences · registrations
Legal Entity Identifier
9676001UZ65GX151YC03
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Of 1,506 companies in sector 66199 we hold annual accounts for 922. 68 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
Founded23-12-1999
Fiscal year end31-12
Activities, NACEBEL 2025
66199Other activities auxiliary to financial services, excluding insurance and pension funding
68201Renting and operating of own or leased residential real estate, excluding social housing
74301Translation services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0468660250
Also
9925:BE0468660250
Registered
05-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.