ZEPHI
ActiveZEPHI has been active since 1985 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.09M and a net result of €35k. Equity is growing by ~9.5% per year across the filed fiscal years. Its solvency ranks better than 75% of 455 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
76
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability71▼-29
Solvency91▲+18
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €80k at 30 days acceptable
Liquidity ample (current ratio 1.92 against 1.4 in 2024; short-term debt: 27.9% and cash: 11.7% of total assets), and 34.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 81
Relative position
BE, all sectors
reference
Sector 81
higher
← 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 · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
65.6%
Return on assets
2.1%
Age of the figures
9 mo
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 30-07-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
7 d early
2023
26 d late
2022
31 d late
2021
30 d late
2020
4 d late
2019
31 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€35k▼ 94.0%
2024 · €580k
2018: €8k
2019: €11k
2020: €-950
2021: €18k
2022: €39k
2023: €41k
2024: €580k
2018 → 2025
Working capital
€429k▲ 6.0%
2024 · €404k
2018: €-475k
2019: €-448k
2020: €-498k
2021: €-497k
2022: €-502k
2023: €-488k
2024: €404k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€399k-€437k▲ 9.7%€478k▲ 9.4%€1.06M▲ 121%€1.09M▲ 3.3%
Operating result€29k-€57k▲ 95.8%€61k▲ 7.3%€806k▲ 1,216%€53k▼ 93.4%
Net result€18k-€39k▲ 117%€41k▲ 6.0%€580k▲ 1,310%€35k▼ 94.0%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 93% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.67M
Fixed assets
€773k▼ 0.4%
Current assets
€894k▼ 36.5%
Equity and liabilities €1.67M
Equity
€1.09M▲ 3.3%
Debt
€574k▼ 49.0%
The debt ratio falls from 51.5% to 34.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€56k▼
2024 · €809k
Cash flow
€38k▼
2024 · €583k
Solvency
65.6%▲
2024 · 48.5%
Current ratio
1.92▲
2024 · 1.40
Quick ratio
1.79▲
2024 · 1.35
Debt / equity
0.53▼
2024 · 1.06
ROE
3.2%▼
2024 · 54.8%
ROA
2.1%▼
2024 · 26.6%
Interest coverage
9.68▼
2024 · 53.74
Debt
€574k▼
2024 · €1.12M
Debt ≤ 1 year
€465k▼
2024 · €1.00M
Debt > 1 year
€109k▼
2024 · €118k
Income taxes
€13k▼
2024 · €228k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€2.18M€1.67M▼
Fixed assets21/28€776k€773k▼
Intangible fixed assets21€17k€14k▼
Tangible fixed assets22/27€738k€738k=
Land and buildings22€737k€737k=
Furniture and vehicles24€827€549▼
Financial fixed assets28€21k€21k=
Current assets29/58€1.41M€894k▼
Stocks and contracts in progress3€51k€59k▲
Stocks30/36€51k€59k▲
Amounts receivable within one year40/41€803k€636k▼
Trade receivables40€194k-
Other amounts receivable41€609k€636k▲
Cash at bank and in hand54/58€553k€195k▼
Deferred charges and accrued income490/1€93€5k▲
Equity and liabilities
Total equity and liabilities10/49€2.18M€1.67M▼
Equity10/15€1.06M€1.09M▲
Contributions10/11€87k€87k=
Capital10€87k€87k=
Issued capital100€87k€87k=
Reserves13€9k€9k=
Non-distributable reserves130/1€9k€9k=
Legal reserve130€9k€9k=
Profit (loss) carried forward14€962k€996k▲
Amounts payable17/49€1.12M€574k▼
Amounts payable after more than one year17€118k€109k▼
Financial debts170/4€118k€109k▼
Amounts payable within one year42/48€1.00M€465k▼
Current portion of amounts payable after more than one year42€9k€9k=
Trade debts44€27k€3k▼
Suppliers440/4€27k€890▼
Bills of exchange payable441-€2k
Advances received on contracts in progress46€171k-
Taxes, remuneration and social security45€260k€13k▼
Taxes450/3€238k€13k▼
Remuneration and social security454/9€22k-
Other amounts payable47/48€536k€441k▼
Accrued charges and deferred income492/3€4k-
Income statement
Code20242025
Non-recurring operating income76A€13-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€3k▲
Other operating charges640/8€6k€6k▼
Non-recurring operating charges66A€126-
Gross operating margin9900€815k€62k▼
Operating profit (loss)9901€806k€53k▼
Financial income75/76B€896€209▼
Recurring financial income75€896€209▼
Financial charges65/66B€15k€6k▼
Recurring financial charges65€15k€6k▼
Profit (loss) for the period before taxes9903€792k€47k▼
Transfer from deferred taxes780€16k-
Income taxes67/77€228k€13k▼
Profit (loss) for the period9904€580k€35k▼
Transfer from tax-exempt reserves789€25k-
Profit (loss) for the period to be appropriated9905€605k€35k▼
Appropriation of the result
Profit (loss) to be appropriated9906€962k€996k▲
Profit (loss) brought forward from the previous period14P€357k€962k▲
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
24-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Highest result since 2018net €580k ▲1310%
Operating result €806k, net result €580k, both a record.
31-12
Financial
Liquidity triplescurrent ratio 1.40
Current ratio from 0.41 to 1.40.
31-12
Financial
Equity above €1MEq €1.06M ▲121%
4 profitable years in a row build equity to €1.06M.
26-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 26 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 31 days late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 30 days late
2021
31-12
Financial
Back to profitnet €18k
Net result €18k after one loss-making year.
04-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 4 days late
2020
31-12
Financial
Weakest financial yearnet €-950 ▼109%
Net result drops to €-950, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 31 days late
2019
01-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 1 day late
2018
14-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 14 days late
2017
14-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Orp-Jauche · 1 establishment unit since 1985
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue de la Station(O) 571350 Orp-JaucheGround area
979 m²
Building footprint
80 m²
Volume, LiDAR
711 m³
2 parcels, Wallonia · tallest building 11.5 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Chaussée de Tirlemont(Jod.) 461, 1370 Jodoigne
since 19852.027.215.272
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25114B0461/00K000 | Wallonia | 641 m² | - | - |
| 25082B0309/00Y002 | Wallonia | 338 m² | 1 · 80 m² | 11.5 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteJodoigne2.027.215.272
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Of 21,219 companies in sector 81300 we hold annual accounts for 4,363. 1,767 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded30-05-1985
Fiscal year end31-12
Activities, NACEBEL
01410Raising of dairy cattle
81300Landscape service activities
Sources
Crossroads Bank for EnterprisesNational Bank · 40 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.