ZELDA
ActiveSummary
ZELDA has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €659,261 and a net result of €71,016. Equity is shrinking by ~19.7% per year across the filed fiscal years. Its solvency ranks better than 31% of 37948 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability24▼-19
Solvency61▲+5
Growth58=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40,000 at 30 days acceptable
Liquidity ample (current ratio 18.44 against 11.27 in 2023; short-term debt: 5.2% and cash: 1.3% of total assets), but 64.1% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €659,261
neutral · Latest accounts filed on time
The financial year that closed on 30-11-2024 was due by 30-06-2025 and was filed on 27-06-2025, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
3 d early
2023
20 d early
2022
10 d early
2021
13 d early
2020
152 d early
2019
159 d early
← 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 60 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€659,261▲ 12.1%
2023 · €588,246
Total assets
€1.8m▼ 3.1%
2023 · €1.9m
Net result
€71,016▲ 84.6%
2023 · €38,463
Working capital
€1.7m▼ 3.4%
2023 · €1.7m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy 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-€97,769▼ 526%-€9,589▲ 90.2%€771,231-€19,841-€14,684▲ 26.0%
Net result-€63,981below the sector's middle half-€974,288below the sector's middle half▼ 1,423%€732,588above the sector's middle half€38,463within the sector's middle half▼ 94.7%€71,016above the sector's middle half▲ 84.6%
Equity€1.8mabove the sector's middle half▼ 3.5%€784,695above the sector's middle half▼ 55.4%€549,783above the sector's middle half▼ 29.9%€588,246above the sector's middle half▲ 7.0%€659,261above the sector's middle half▲ 12.1%
Total assets€1.9mabove the sector's middle half▼ 4.2%€2.3mabove the sector's middle half▲ 25.5%€1.9mabove the sector's middle half▼ 18.1%€1.9mabove the sector's middle half▼ 1.4%€1.8mabove the sector's middle half▼ 3.1%
Debt€109,896▼ 14.1%€807,682▲ 635%€676,157▼ 16.3%€668,973▼ 1.1%€596,385▼ 10.9%
Working capital€1.9m▼ 3.6%€2.3m▲ 26.2%€1.7m▼ 25.6%€1.7m▼ 1.1%€1.7m▼ 3.4%
Solvency94.1%above the sector's middle half▲ 0.7pp33.5%within the sector's middle half▼ 60.7pp28.6%within the sector's middle half▼ 4.8pp31.0%within the sector's middle half▲ 2.4pp35.9%within the sector's middle half▲ 4.9pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €14,684 in 2024 against €19,841 in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.8m
Fixed assets
€70,873
Current assets
€1.8m
Equity and liabilities €1.8m
Equity
€659,261 ▲ 12.1%
Provisions
€579,597 ▼ 9.1%
Debt
€596,385 ▼ 10.9%
Debt's share of the balance-sheet total falls from 35.3% to 32.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
-€11,327
Cash flow
€74,373
Current ratio
18.44▲
2023 · 11.27
Debt to equity
0.90▼
2023 · 1.14
ROE
10.8%▲
2023 · 6.5%
ROA
3.9%▲
2023 · 2.0%
Interest coverage
-0.60
Debt ≤ 1 year
€95,690▼
2023 · €168,179
Debt > 1 year
€500,000=
2023 · €500,000
Income taxes
€17,166▼
2023 · €17,630
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 14,733 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 96% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.2%
went bankrupt
3.5%
stopped otherwise
96%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| 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% | 1.7% |
| 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 75% 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 14,733 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
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €806,120 | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | - | €3,358 | - |
| Other operating charges640/8 | - | - | €3,546 | €3,477 | €18,509 | ▲ 432% |
| Gross operating margin9900 | -€18,129 | -€9,589 | €774,777 | -€16,364 | €7,183 | ▲ 144% |
| Operating profit (loss)9901 | -€97,769 | -€9,589 | €771,231 | -€19,841 | -€14,684 | ▲ 26.0% |
| Financial income75/76B | - | €98,636 | €98,320 | €116,193 | €128,232 | ▲ 10.4% |
| Recurring financial income75 | €124,113 | €98,636 | €98,320 | €116,193 | €128,232 | ▲ 10.4% |
| Financial charges65/66B | - | €1.1m | €118,290 | €40,259 | €25,366 | ▼ 37.0% |
| Recurring financial charges65 | €92,968 | €1.1m | €118,290 | €40,259 | €18,745 | ▼ 53.4% |
| Non-recurring financial charges66B | - | - | - | - | €6,622 | - |
| Profit (loss) for the period before taxes9903 | -€66,623 | -€974,288 | €751,261 | €56,093 | €88,181 | ▲ 57.2% |
| Income taxes67/77 | -€2,642 | - | €18,673 | €17,630 | €17,166 | ▼ 2.6% |
| Profit (loss) for the period9904 | -€63,981 | -€974,288 | €732,588 | €38,463 | €71,016 | ▲ 84.6% |
| Profit (loss) for the period to be appropriated9905 | -€63,981 | -€974,288 | €732,588 | €38,463 | €71,016 | ▲ 84.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.9m | €2.3m | €1.9m | €1.9m | €1.8m | ▼ 3.1% |
| Fixed assets21/28 | - | - | - | - | €70,873 | - |
| Tangible fixed assets22/27 | - | - | - | - | €70,873 | - |
| Furniture and vehicles24 | - | - | - | - | €70,873 | - |
| Current assets29/58 | €1.9m | €2.3m | €1.9m | €1.9m | €1.8m | ▼ 6.9% |
| Amounts receivable after more than one year29 | - | €550,000 | €550,000 | €550,000 | €500,000 | ▼ 9.1% |
| Other amounts receivable291 | - | €550,000 | €550,000 | €550,000 | €500,000 | ▼ 9.1% |
| Amounts receivable within one year40/41 | €113,187 | €55,383 | €23,353 | €17,389 | €50,314 | ▲ 189% |
| Other amounts receivable41 | - | €55,383 | €23,353 | €17,389 | €50,314 | ▲ 189% |
| Current investments50/53 | €1.5m | €1.6m | €1.2m | €1.2m | €1.2m | ▼ 4.9% |
| Cash at bank and in hand54/58 | €205,117 | €149,909 | €122,454 | €57,969 | €24,602 | ▼ 57.6% |
| Deferred charges and accrued income490/1 | - | €11,145 | €25,858 | €43,275 | €23,845 | ▼ 44.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.9m | €2.3m | €1.9m | €1.9m | €1.8m | ▼ 3.1% |
| Equity10/15 | €1.8m | €784,695 | €549,783 | €588,246 | €659,261 | ▲ 12.1% |
| Contributions10/11 | €1.5m | €1.5m | €500,000 | €500,000 | €500,000 | = |
| Capital10 | - | €1.5m | - | - | - | - |
| Issued capital100 | - | €1.5m | - | - | - | - |
| Reserves13 | €50,000 | €50,000 | €0 | - | - | - |
| Non-distributable reserves130/1 | - | €50,000 | €0 | - | - | - |
| Legal reserve130 | - | €50,000 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | €0 | - | - | - |
| Profit (loss) carried forward14 | €241,483 | -€732,805 | €49,783 | €88,246 | €159,261 | ▲ 80.5% |
| Provisions and deferred taxes16 | - | €753,337 | €695,597 | €637,684 | €579,597 | ▼ 9.1% |
| Provisions for liabilities and charges160/5 | - | €753,337 | €695,597 | €637,684 | €579,597 | ▼ 9.1% |
| Environmental obligations163 | - | €753,337 | - | €637,684 | €579,597 | ▼ 9.1% |
| Other liabilities and charges164/5 | - | - | €695,597 | - | - | - |
| Amounts payable17/49 | €109,896 | €807,682 | €676,157 | €668,973 | €596,385 | ▼ 10.9% |
| Amounts payable after more than one year17 | - | €500,000 | €500,000 | €500,000 | €500,000 | = |
| Financial debts170/4 | - | €500,000 | €500,000 | €500,000 | €500,000 | = |
| Amounts payable within one year42/48 | €9,727 | €220 | €175,669 | €168,179 | €95,690 | ▼ 43.1% |
| Financial debts43 | - | - | - | - | €6,494 | - |
| Credit institutions430/8 | - | - | - | - | €6,494 | - |
| Trade debts44 | €9,507 | - | - | €960 | €1,645 | ▲ 71.3% |
| Suppliers440/4 | - | - | - | €960 | €1,645 | ▲ 71.3% |
| Taxes, remuneration and social security45 | - | - | €18,673 | €36,303 | €2,265 | ▼ 93.8% |
| Taxes450/3 | - | - | €18,673 | €36,303 | €2,265 | ▼ 93.8% |
| Other amounts payable47/48 | - | €220 | €156,997 | €130,915 | €85,286 | ▼ 34.9% |
| Accrued charges and deferred income492/3 | - | €307,462 | €488 | €794 | €696 | ▼ 12.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€63,981 | -€974,288 | €732,588 | €38,463 | €71,016 | ▲ 84.6% |
| + Depreciation and write-downs630 | - | - | - | - | €3,358 | - |
| Operating cash flow (approximation) | -€63,981 | -€974,288 | €732,588 | €38,463 | €74,373 | ▲ 93.4% |
| Change in cash | - | -€55,208 | -€27,455 | -€64,485 | -€33,367 | ▲ 48.3% |
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
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
10-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
20-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-11
Financial
Back to profitnet €732,588
Net result €732,588 after 2 loss-making years.
17-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-11
Financial
Weakest financial yearnet -€974,288
Net result drops to -€974,288, the lowest in the series; recovery starts the following year.
30-11
Financial
Liquidity times 56current ratio 10663.31
Current ratio from 192.13 to 10663.31; short-term debt falls from €9,727 to €220.
29-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-11
Financial
Liquidity doublescurrent ratio 192.13
Current ratio from 87.09 to 192.13; short-term debt falls from €22,401 to €9,727.
23-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
06-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
21-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
22-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
04-02
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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 · 1 establishment unit since 2003
Ground area
356 m²
Building footprint
125 m²
Volume, LiDAR
1,556 m³
Parcel 21822R0418/00Y004, Brussels · tallest building 17.4 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
Keverslaan 14, 1000 Brussel
since 20032.243.247.734
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21822R0418/00Y004 | Brussels | 356 m² | 1 · 125 m² | 17.4 m · 5 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.
Recognitions · licences · registrations
Legal Entity Identifier
9676005VQN04D27CMV93
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ENGELEN BEDRIJFSREVISOR & ACCOUNTANT
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,626. 32,218 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
Founded03-04-1998
Fiscal year end30-11
Activities, NACEBEL 2025
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0463034844
Also
9925:BE0463034844
Registered
24-11-2023
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.