ZEGHERS
ActiveSummary
ZEGHERS has been active since 1967 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €3.96M and a net result of €688k. Equity is growing by ~24.6% per year across the filed fiscal years. Its solvency ranks better than 76% of 5989 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability70▼-15
Solvency91▲+10
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €320k at 30 days acceptable
Liquidity ample (current ratio 2.4 against 1.92 in 2023; short-term debt: 34% and cash: 56.4% of total assets), and 34.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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 →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
65.7%
Return on assets
11.4%
Age of the figures
21 mo
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 04-06-2025, 57 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
57 d early
2023
19 d early
2022
3 d early
2021
16 d early
2020
1 d early
2019
1 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, full schema
Turnover
€18.57M
EBIT margin
4.6%
Net result
€688k▼ 13.5%
2023 · €796k
2018: €89klowest in 7 years
2019: €117k▲ +30.5% vs 2018
2020: €836k▲ +617% vs 2019highest in 7 years
2021: €723k▼ -13.5% vs 2020
2022: €438k▼ -39.4% vs 2021
2023: €796k▲ +81.6% vs 2022
2024: €688k▼ -13.5% vs 2023
2018 → 2024
Working capital
€2.87M▲ 19.0%
2023 · €2.41M
2018: €535k
2019: €410k▼ -23.3% vs 2018lowest in 7 years
2020: €1.11M▲ +170% vs 2019
2021: €1.39M▲ +26.0% vs 2020
2022: €1.78M▲ +27.9% vs 2021
2023: €2.41M▲ +35.3% vs 2022
2024: €2.87M▲ +19.0% vs 2023highest in 7 years
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€18.57M
Equity€1.64M-€2.36M▲ 44.2%€2.80M▲ 18.6%€3.49M▲ 24.9%€3.96M▲ 13.5%
2020: €1.64Mlowest in 5 years
2021: €2.36M▲ +44.2% vs 2020
2022: €2.80M▲ +18.6% vs 2021
2023: €3.49M▲ +24.9% vs 2022
2024: €3.96M▲ +13.5% vs 2023highest in 5 years
Operating result€1.22M-€900k▼ 26.5%€639k▼ 29.0%€1.09M▲ 71.4%€850k▼ 22.3%
2020: €1.22Mhighest in 5 years
2021: €900k▼ -26.5% vs 2020
2022: €639k▼ -29.0% vs 2021lowest in 5 years
2023: €1.09M▲ +71.4% vs 2022
2024: €850k▼ -22.3% vs 2023
Net result€836k-€723k▼ 13.5%€438k▼ 39.4%€796k▲ 81.6%€688k▼ 13.5%
2020: €836khighest in 5 years
2021: €723k▼ -13.5% vs 2020
2022: €438k▼ -39.4% vs 2021lowest in 5 years
2023: €796k▲ +81.6% vs 2022
2024: €688k▼ -13.5% vs 2023
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 22% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €6.03M
Fixed assets
€1.11M ▼ 7.3%
Current assets
€4.92M ▼ 2.0%
Equity and liabilities €6.03M
Equity
€3.96M ▲ 13.5%
Debt
€2.07M ▼ 24.2%
Debt's share of the balance-sheet total falls from 43.9% to 34.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€1.06M▼
2023 · €1.28M
Cash flow
€893k▼
2023 · €983k
Current ratio
2.40▲
2023 · 1.92
Quick ratio
2.34▲
2023 · 1.85
Debt to equity
0.52▼
2023 · 0.78
ROE
17.4%▼
2023 · 22.8%
ROA
11.4%▼
2023 · 12.8%
Interest coverage
824.96▲
2023 · 456.83
Debt ≤ 1 year
€2.05M▼
2023 · €2.61M
Debt > 1 year
€17k▼
2023 · €118k
Income taxes
€221k▼
2023 · €326k
Staff costs
€431k▼
2023 · €514k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 82 lines
Balance sheet
Code20232024
Assets
Total assets20/58€6.22M€6.03M▼
Fixed assets21/28€1.20M€1.11M▼
Tangible fixed assets22/27€1.06M€971k▼
Plant, machinery and equipment23€60k€82k▲
Furniture and vehicles24€196k€191k▼
Leasing and similar rights25€162k€146k▼
Other tangible fixed assets26€640k€552k▼
Financial fixed assets28€140k€140k=
Other financial fixed assets284/8-€140k
Shares284-€140k
Amounts receivable and cash guarantees285/8-€470
Current assets29/58€5.03M€4.92M▼
Stocks and contracts in progress3€194k€129k▼
Stocks30/36€194k€129k▼
Raw materials and consumables30/31-€16k
Goods purchased for resale34-€113k
Amounts receivable within one year40/41€1.82M€1.39M▼
Trade receivables40€1.78M€1.38M▼
Other amounts receivable41€41k€4k▼
Cash at bank and in hand54/58€3.01M€3.41M▲
Equity and liabilities
Total equity and liabilities10/49€6.22M€6.03M▼
Equity10/15€3.49M€3.96M▲
Contributions10/11€65k€65k=
Capital10€65k€65k=
Issued capital100€65k€65k=
Reserves13€3.43M€3.90M▲
Non-distributable reserves130/1€53k€53k=
Legal reserve130€53k€53k=
Tax-exempt reserves132€337k€463k▲
Distributable reserves133€3.04M€3.38M▲
Profit (loss) carried forward14€0-
Amounts payable17/49€2.73M€2.07M▼
Amounts payable after more than one year17€118k€17k▼
Financial debts170/4€118k€17k▼
Credit institutions173-€17k
Amounts payable within one year42/48€2.61M€2.05M▼
Current portion of amounts payable after more than one year42€101k€101k▲
Trade debts44€2.19M€1.56M▼
Suppliers440/4€2.19M€1.56M▼
Taxes, remuneration and social security45€225k€171k▼
Taxes450/3€138k€122k▼
Remuneration and social security454/9€88k€49k▼
Other amounts payable47/48€100k€217k▲
Income statement
Code20232024
Operating income70/76A-€18.67M
Turnover70-€18.57M
Other operating income74-€59k
Non-recurring operating income76A€40k€40k▲
Operating charges60/66A-€17.82M
Goods for resale, raw materials and consumables60-€15.63M
Purchases600/8-€15.59M
Change in stocks: decrease (increase)609-€35k
Services and other goods61-€1.53M
Remuneration, social security and pensions62€514k€431k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€187k€205k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-4k€5k▲
Other operating charges640/8€23k€14k▼
Gross operating margin9900€1.81M-
Operating profit (loss)9901€1.09M€850k▼
Financial income75/76B€30k€62k▲
Recurring financial income75€30k€62k▲
Income from current assets751-€60k
Other financial income752/9-€1k
Financial charges65/66B€3k€3k▲
Recurring financial charges65€3k€3k▲
Debt charges650-€1k
Other financial charges652/9-€2k
Profit (loss) for the period before taxes9903€1.12M€909k▼
Income taxes67/77€326k€221k▼
Taxes670/3-€221k
Tax adjustments and reversals of tax provisions77-€0
Profit (loss) for the period9904€796k€688k▼
Transfer to tax-exempt reserves689€0€126k▲
Profit (loss) for the period to be appropriated9905€796k€562k▼
Appropriation of the result
Profit (loss) to be appropriated9906€796k€562k▼
Transfer from equity791/2-€117k
From reserves792-€117k
Transfer to equity691/2€696k€462k▼
To other reserves6921€696k€462k▼
Profit to be distributed694/7€100k€217k▲
Return on contributions (dividend)694-€117k
Directors or managers695€100k€100k=
Social balance
Average headcount (FTE)90879.59.5=
The notes to these accounts (51 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | - | €18.67M | - |
| Turnover70 | - | - | - | - | €18.57M | - |
| Other operating income74 | - | - | - | - | €59k | - |
| Non-recurring operating income76A | - | €22k | €43k | €40k | €40k | ▲ 0.6% |
| Operating charges60/66A | - | - | - | - | €17.82M | - |
| Goods for resale, raw materials and consumables60 | - | - | - | - | €15.63M | - |
| Purchases600/8 | - | - | - | - | €15.59M | - |
| Change in stocks: decrease (increase)609 | - | - | - | - | €35k | - |
| Services and other goods61 | - | - | - | - | €1.53M | - |
| Remuneration, social security and pensions62 | - | €527k | €468k | €514k | €431k | ▼ 16.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €82k | €162k | €187k | €187k | €205k | ▲ 9.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €3k | €8k | €-4k | €5k | ▲ 209% |
| Other operating charges640/8 | - | €18k | €18k | €23k | €14k | ▼ 39.7% |
| Gross operating margin9900 | €1.77M | €1.61M | €1.32M | €1.81M | - | - |
| Operating profit (loss)9901 | €1.22M | €900k | €639k | €1.09M | €850k | ▼ 22.3% |
| Financial income75/76B | - | €8k | €2k | €30k | €62k | ▲ 108% |
| Recurring financial income75 | €2k | €8k | €2k | €30k | €62k | ▲ 108% |
| Income from current assets751 | - | - | - | - | €60k | - |
| Other financial income752/9 | - | - | - | - | €1k | - |
| Financial charges65/66B | - | €15k | €14k | €3k | €3k | ▲ 18.6% |
| Recurring financial charges65 | €13k | €15k | €14k | €3k | €3k | ▲ 18.6% |
| Debt charges650 | - | - | - | - | €1k | - |
| Other financial charges652/9 | - | - | - | - | €2k | - |
| Profit (loss) for the period before taxes9903 | €1.21M | €893k | €627k | €1.12M | €909k | ▼ 19.0% |
| Income taxes67/77 | €377k | €170k | €188k | €326k | €221k | ▼ 32.2% |
| Taxes670/3 | - | - | - | - | €221k | - |
| Tax adjustments and reversals of tax provisions77 | - | - | - | - | €0 | - |
| Profit (loss) for the period9904 | €836k | €723k | €438k | €796k | €688k | ▼ 13.5% |
| Transfer from tax-exempt reserves789 | - | €56k | - | - | - | - |
| Transfer to tax-exempt reserves689 | - | €211k | €126k | €0 | €126k | - |
| Profit (loss) for the period to be appropriated9905 | €929k | €569k | €312k | €796k | €562k | ▼ 29.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.23M | €4.28M | €4.54M | €6.22M | €6.03M | ▼ 3.0% |
| Fixed assets21/28 | €530k | €1.28M | €1.23M | €1.20M | €1.11M | ▼ 7.3% |
| Tangible fixed assets22/27 | €459k | €1.22M | €1.09M | €1.06M | €971k | ▼ 8.3% |
| Plant, machinery and equipment23 | - | €10k | €50k | €60k | €82k | ▲ 37.1% |
| Furniture and vehicles24 | - | €214k | €155k | €196k | €191k | ▼ 2.7% |
| Leasing and similar rights25 | - | €200k | €180k | €162k | €146k | ▼ 10.0% |
| Other tangible fixed assets26 | - | €792k | €708k | €640k | €552k | ▼ 13.8% |
| Financial fixed assets28 | €71k | €67k | €140k | €140k | €140k | = |
| Other financial fixed assets284/8 | - | - | - | - | €140k | - |
| Shares284 | - | - | - | - | €140k | - |
| Amounts receivable and cash guarantees285/8 | - | - | - | - | €470 | - |
| Current assets29/58 | €2.70M | €2.99M | €3.31M | €5.03M | €4.92M | ▼ 2.0% |
| Stocks and contracts in progress3 | €182k | €118k | €195k | €194k | €129k | ▼ 33.3% |
| Stocks30/36 | - | €118k | €195k | €194k | €129k | ▼ 33.3% |
| Raw materials and consumables30/31 | - | - | - | - | €16k | - |
| Goods purchased for resale34 | - | - | - | - | €113k | - |
| Amounts receivable within one year40/41 | €1.69M | €1.85M | €1.97M | €1.82M | €1.39M | ▼ 23.9% |
| Trade receivables40 | - | €1.57M | €1.87M | €1.78M | €1.38M | ▼ 22.3% |
| Other amounts receivable41 | - | €281k | €102k | €41k | €4k | ▼ 90.7% |
| Cash at bank and in hand54/58 | €825k | €1.03M | €1.14M | €3.01M | €3.41M | ▲ 13.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.23M | €4.28M | €4.54M | €6.22M | €6.03M | ▼ 3.0% |
| Equity10/15 | €1.64M | €2.36M | €2.80M | €3.49M | €3.96M | ▲ 13.5% |
| Contributions10/11 | €65k | €65k | €65k | €65k | €65k | = |
| Capital10 | - | €65k | €65k | €65k | €65k | = |
| Issued capital100 | - | €65k | €65k | €65k | €65k | = |
| Reserves13 | €1.57M | €2.29M | €2.73M | €3.43M | €3.90M | ▲ 13.8% |
| Non-distributable reserves130/1 | - | €53k | €53k | €53k | €53k | = |
| Legal reserve130 | - | €53k | €53k | €53k | €53k | = |
| Tax-exempt reserves132 | - | €211k | €337k | €337k | €463k | ▲ 37.5% |
| Distributable reserves133 | - | €2.03M | €2.34M | €3.04M | €3.38M | ▲ 11.4% |
| Profit (loss) carried forward14 | - | - | - | €0 | - | - |
| Amounts payable17/49 | €1.59M | €1.92M | €1.74M | €2.73M | €2.07M | ▼ 24.2% |
| Amounts payable after more than one year17 | - | €319k | €219k | €118k | €17k | ▼ 85.7% |
| Financial debts170/4 | - | €319k | €219k | €118k | €17k | ▼ 85.7% |
| Credit institutions173 | - | - | - | - | €17k | - |
| Amounts payable within one year42/48 | €1.59M | €1.60M | €1.52M | €2.61M | €2.05M | ▼ 21.4% |
| Current portion of amounts payable after more than one year42 | - | €99k | €100k | €101k | €101k | ▲ 0.7% |
| Financial debts43 | - | €59k | - | - | - | - |
| Credit institutions430/8 | - | €59k | - | - | - | - |
| Trade debts44 | €1.08M | €1.02M | €1.26M | €2.19M | €1.56M | ▼ 28.5% |
| Suppliers440/4 | - | €1.02M | €1.26M | €2.19M | €1.56M | ▼ 28.5% |
| Taxes, remuneration and social security45 | - | €136k | €154k | €225k | €171k | ▼ 24.0% |
| Taxes450/3 | - | €116k | €93k | €138k | €122k | ▼ 11.4% |
| Remuneration and social security454/9 | - | €20k | €60k | €88k | €49k | ▼ 43.6% |
| Other amounts payable47/48 | - | €283k | €11k | €100k | €217k | ▲ 117% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €836k | €723k | €438k | €796k | €688k | ▼ 13.5% |
| + Depreciation and write-downs630 | €82k | €162k | €187k | €187k | €205k | ▲ 9.6% |
| Operating cash flow (approximation) | €918k | €885k | €625k | €983k | €893k | ▼ 9.1% |
| Investment in fixed assets (approximation) | - | €-916k | €-136k | €-152k | €-117k | ▲ 23.1% |
| Change in cash | - | €202k | €111k | €1.87M | €398k | ▼ 78.7% |
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
04-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
12-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
15-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Equity above €2MEq €2.36M ▲44.2%
4 profitable years in a row build equity to €2.36M.
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Highest result since 2018net €836k ▲617%
Operating result €1.22M, net result €836k, both a record.
31-12
Financial
Equity above €1MEq €1.64M ▲104%
3 profitable years in a row build equity to €1.64M.
30-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
05-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 5 days late
2018
23-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 23 days late
2017
26-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
18-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 18 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Brussel · 2 establishment units since 1967
Ground area
3.8 ha
Building footprint
48 m²
Volume, LiDAR
195 m³
2 parcels, Brussels, Flanders · tallest building 11.0 m, ±1 floor. Linked by address, not a title deed.
2 establishment units
ZEGHERS
since 19672.000.900.162
ZEGHERS
since 20072.165.907.852
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21813F0611/00L000 | Brussels | 3.7 ha | 1 · 48 m² | 11.0 m · 1 fl. |
| 12008B0419/00T002 | Flanders | 861 m² | - | - |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels 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
2025 · 1 entry · 4,497 EUR awarded · 4,497 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 4,497 EUR | 4,497 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Food safety, FASFC
2 sitesBrussel2.165.907.852
Puurs-Sint-Amands2.000.900.162
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Of 958 companies in sector 46319 we hold annual accounts for 610. 283 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
Founded01-01-1967
Fiscal year end31-12
Activities, NACEBEL 2025
46319Wholesale of fruit and vegetables, excluding potatoes
Scores and ratios are computed by Checked and are not a credit decision.