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ZEEWEELDE

Active
Private limited companyfounded 1991active for 35 yearsGullegemsestraat 18, 8880 Ledegem, BelgiumKBO/BCE: BE 0442.702.159

Financials · financial year 2025, micro format

Annual accounts 2025 filed on 26-06-2026 at the NBB all 6 filings

Turnover
≈ €20,000
Estimated: probably between €9,200 and €48,000
Total assets
€76,902▼ 0.8%
2024 · €77,506
Net result
€2,398▲ 3.2%
2024 · €2,324
Working capital
Not included in this filing
Multi-year overview
2020 to 2025, 6 financial years
Operating result
€2,638
▲ 3.2% 2025
20202025
Net result
€2,398
▲ 3.2% 2025
20202025
Equity
€10,023
▲ 31.4% 2025
20202025
Total assets
€76,902
▼ 0.8% 2025
20202025
Debt
€66,878
▼ 4.3% 2025
20202025
Every figure per financial year
Every figure with its change against the financial year before
favourable unfavourable
Line202020212022202320242025
Operating result€1,074-€1,475▲ 37.4%€1,536▲ 4.2%€2,452▲ 59.6%€2,557▲ 4.3%€2,638▲ 3.2%
Net result€1,074-€1,475▲ 37.4%€1,397▼ 5.3%€2,229▲ 59.6%€2,324▲ 4.3%€2,398▲ 3.2%
Equity€200-€1,675▲ 736%€3,072▲ 83.4%€5,301▲ 72.5%€7,625▲ 43.8%€10,023▲ 31.4%
Total assets€78,903-€78,204▼ 0.9%€77,506▼ 0.9%€77,506=€77,506=€76,902▼ 0.8%
Debt€78,703-€76,529▼ 2.8%€74,433▼ 2.7%€72,205▼ 3.0%€69,880▼ 3.2%€66,878▼ 4.3%

The operating result for 2025 is 3% higher than in 2024 and the highest since 2021. It is the fourth rise in a row.

Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.

Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €76,902
Equity €10,023 ▲ 31.4%
Debt €66,878 ▼ 4.3%
Debt's share of the balance-sheet total falls from 90.2% to 87.0%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
Debt to equity
6.67▼
2024 · 9.16
ROE
23.9%▼
2024 · 30.5%
ROA
3.1%▲
2024 · 3.0%
Debt ≤ 1 year
€66,878▼
2024 · €69,880
Income taxes
€240▲
2024 · €232
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 25 lines
Balance sheet Code20242025
Assets
Total assets20/58€77,506€76,902▼
Fixed assets21/28€77,506€76,902▼
Tangible fixed assets22/27€76,902€76,902=
Land and buildings22€76,902€76,902=
Financial fixed assets28€604-
Equity and liabilities
Total equity and liabilities10/49€77,506€76,902▼
Equity10/15€7,625€10,023▲
Contributions10/11€98€98=
Reserves13€7,527€9,925▲
Distributable reserves133€7,527€9,925▲
Amounts payable17/49€69,880€66,878▼
Amounts payable within one year42/48€69,880€66,878▼
Taxes, remuneration and social security45€455€695▲
Taxes450/3€455€695▲
Other amounts payable47/48€69,425€66,183▼
Income statement Code20242025
Gross operating margin9900€2,557€2,638▲
Operating profit (loss)9901€2,557€2,638▲
Profit (loss) for the period before taxes9903€2,557€2,638▲
Income taxes67/77€232€240▲
Profit (loss) for the period9904€2,324€2,398▲
Profit (loss) for the period to be appropriated9905€2,324€2,398▲
Appropriation of the result
Profit (loss) to be appropriated9906€2,324€2,398▲
Transfer to equity691/2€2,324€2,398▲
To the legal reserve6920€2,324-
To other reserves6921-€2,398

The notes to these accounts have 4 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 26-06-2026.

Line202020212022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€699€699€699----
Gross operating margin9900€2,156€2,174€2,235€2,452€2,557€2,638▲ 3.2%
Operating profit (loss)9901€1,074€1,475€1,536€2,452€2,557€2,638▲ 3.2%
Profit (loss) for the period before taxes9903€1,074€1,475€1,536€2,452€2,557€2,638▲ 3.2%
Income taxes67/77--€140€223€232€240▲ 3.2%
Profit (loss) for the period9904€1,074€1,475€1,397€2,229€2,324€2,398▲ 3.2%
Profit (loss) for the period to be appropriated9905€1,074€1,475€1,397€2,229€2,324€2,398▲ 3.2%
Line202020212022202320242025Change
Assets
Total assets20/58€78,903€78,204€77,506€77,506€77,506€76,902▼ 0.8%
Fixed assets21/28€78,903€78,204€77,506€77,506€77,506€76,902▼ 0.8%
Tangible fixed assets22/27€78,299€77,601€76,902€76,902€76,902€76,902=
Land and buildings22-€77,601€76,902€76,902€76,902€76,902=
Financial fixed assets28€604€604€604€604€604--
Equity and liabilities
Total equity and liabilities10/49€78,903€78,204€77,506€77,506€77,506€76,902▼ 0.8%
Equity10/15€200€1,675€3,072€5,301€7,625€10,023▲ 31.4%
Contributions10/11-€98€98€98€98€98=
Reserves13--€2,974€5,203€7,527€9,925▲ 31.9%
Distributable reserves133--€2,974€5,203€7,527€9,925▲ 31.9%
Profit (loss) carried forward14€102€1,577-----
Amounts payable17/49€78,703€76,529€74,433€72,205€69,880€66,878▼ 4.3%
Amounts payable within one year42/48€78,703€76,529€74,433€72,205€69,880€66,878▼ 4.3%
Trade debts44€1,432€1,432€1,432----
Suppliers440/4-€1,432€1,432----
Taxes, remuneration and social security45--€140€223€455€695▲ 52.7%
Taxes450/3--€140€223€455€695▲ 52.7%
Other amounts payable47/48-€75,097€72,862€71,982€69,425€66,183▼ 4.7%
Line202020212022202320242025Change
Profit (loss) for the period9904€1,074€1,475€1,397€2,229€2,324€2,398▲ 3.2%
+ Depreciation and write-downs630€699€699€699----
Operating cash flow (approximation)€1,772€2,174€2,096€2,229€2,324€2,398▲ 3.2%
Investment in fixed assets (approximation)-€0€0€0€0€604-

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

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Historical observation

In July 2024, 3,984 companies had the same profile as ZEEWEELDE has now. Two years later, 96.5% were still going and 1.1% had gone bankrupt.

  • Micro
  • 20 years or older
  • solvency 10 to 30%
  • a profit under 5% of the balance sheet
96.5% was still going
2.3% stopped otherwise
1.1% went bankrupt

That fits the bankruptcy probability of ZEEWEELDE itself: 0.3% within 12 months.

Test of the method

The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the highest expected share
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 0.9%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 3,984 companies, not a prediction for ZEEWEELDE. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Filings with the National Bank (6)
Financial year Type Filed Reference Document
31-12-2025 micro format 26-06-2026 2026-00202827 PDF
31-12-2024 micro format 27-06-2025 2025-00185957 PDF
31-12-2023 micro format 27-06-2024 2024-00170273 PDF
31-12-2022 micro format 30-06-2023 2023-00178945 PDF
31-12-2021 micro format 30-06-2022 2022-20141800 PDF
31-12-2020 micro format 28-06-2021 2021-25700484 PDF

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