ZEPHYR CONSULT
ActiveZEPHYR CONSULT has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €661k and a net result of €81k. Equity is growing by ~21.9% per year across the filed fiscal years. Its solvency ranks better than 38% of 31616 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
72
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability64▼-4
Solvency66▲+5
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45k at 30 days acceptable
Liquidity short (current ratio 0.44 against 0.45 in 2024; short-term debt: 28.2% and cash: 9.5% of total assets), and 58.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers 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
Sector 70
lower
← 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 2025Solvency, return and age of the figures
Solvency
41.5%
Return on assets
5.1%
Age of the figures
9 mo
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
27 d late
2024
26 d late
2023
26 d late
2022
17 d early
2021
32 d late
2020
26 d late
2019
66 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
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€661k▲ 14.0%
2024 · €580k
2018: €183k
2019: €195k
2020: €215k
2021: €252k
2022: €544k
2023: €594k
2024: €580k
2018 → 2025
Total assets
€1.59M▼ 1.0%
2024 · €1.61M
2018: €431k
2019: €680k
2020: €672k
2021: €463k
2022: €1.34M
2023: €1.53M
2024: €1.61M
2018 → 2025
Net result
€81k
2024 · €-14k
2018: €26k
2019: €12k
2020: €19k
2021: €37k
2022: €11k
2023: €50k
2024: €-14k
2018 → 2025
Working capital
€-251k▲ 2.8%
2024 · €-258k
2018: €102k
2019: €81k
2020: €94k
2021: €38k
2022: €419k
2023: €99k
2024: €-258k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€252k-€544k▲ 116%€594k▲ 9.2%€580k▼ 2.3%€661k▲ 14.0%
Operating result€61k-€27k▼ 55.9%€87k▲ 222%€255k▲ 194%€116k▼ 54.4%
Net result€37k-€11k▼ 71.1%€50k▲ 368%€-14k€81k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 54% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.59M
Fixed assets
€1.40M▼ 0.1%
Current assets
€198k▼ 7.3%
Equity and liabilities €1.59M
Equity
€661k▲ 14.0%
Provisions
€31k▼ 10.8%
Debt
€901k▼ 9.4%
The debt ratio falls from 61.8% to 56.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€153k▼
2024 · €299k
Cash flow
€118k▲
2024 · €31k
Solvency
41.5%▲
2024 · 36.0%
Current ratio
0.44▼
2024 · 0.45
Quick ratio
0.44▼
2024 · 0.45
Debt / equity
1.36▼
2024 · 1.72
ROE
12.3%▲
2024 · -2.3%
ROA
5.1%▲
2024 · -0.8%
Interest coverage
4.68▼
2024 · 7.80
Debt
€901k▼
2024 · €995k
Debt ≤ 1 year
€449k▼
2024 · €472k
Debt > 1 year
€446k▼
2024 · €517k
Income taxes
€39k▼
2024 · €195k
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€1.61M€1.59M▼
Fixed assets21/28€1.40M€1.40M▼
Tangible fixed assets22/27€1.10M€1.10M▼
Land and buildings22€1.07M€1.07M=
Furniture and vehicles24€1k€565▼
Other tangible fixed assets26€21k€21k=
Assets under construction and advance payments27€0-
Financial fixed assets28€300k€300k=
Current assets29/58€214k€198k▼
Amounts receivable within one year40/41€98k€45k▼
Trade receivables40€98k€43k▼
Other amounts receivable41€56€2k▲
Cash at bank and in hand54/58€114k€151k▲
Deferred charges and accrued income490/1€2k€2k▼
Equity and liabilities
Total equity and liabilities10/49€1.61M€1.59M▼
Equity10/15€580k€661k▲
Contributions10/11€362k€362k=
Reserves13€336k€325k▼
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Tax-exempt reserves132€105k€94k▼
Distributable reserves133€231k€231k=
Profit (loss) carried forward14€-118k€-26k▲
Provisions and deferred taxes16€35k€31k▼
Deferred taxes168€35k€31k▼
Amounts payable17/49€995k€901k▼
Amounts payable after more than one year17€517k€446k▼
Financial debts170/4€517k€446k▼
Amounts payable within one year42/48€472k€449k▼
Current portion of amounts payable after more than one year42€69k€71k▲
Financial debts43€200k€200k=
Credit institutions430/8€200k€200k=
Trade debts44€114k€42k▼
Suppliers440/4€114k€42k▼
Taxes, remuneration and social security45€41k€41k=
Taxes450/3€41k€41k=
Other amounts payable47/48€48k€95k▲
Accrued charges and deferred income492/3€6k€6k▼
Income statement
Code20242025
Non-recurring operating income76A€155k€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€45k€37k▼
Other operating charges640/8€64k€45k▼
Non-recurring operating charges66A€500€0▼
Gross operating margin9900€364k€198k▼
Operating profit (loss)9901€255k€116k▼
Financial income75/76B€435€33k▲
Recurring financial income75€435€33k▲
Financial charges65/66B€38k€33k▼
Recurring financial charges65€38k€33k▼
Profit (loss) for the period before taxes9903€217k€116k▼
Transfer from deferred taxes780€4k€4k=
Transfer to deferred taxes680€39k€0▼
Income taxes67/77€195k€39k▼
Profit (loss) for the period9904€-14k€81k▲
Transfer from tax-exempt reserves789€11k€11k=
Transfer to tax-exempt reserves689€116k€0▼
Profit (loss) for the period to be appropriated9905€-118k€92k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-118k€-26k▲
Profit (loss) brought forward from the previous period14P-€-118k
Transfer to equity691/2€0-
To other reserves6921€0-
The notes to these accounts (18 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
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 27 days late
2025
31-12
Financial
Back to profitnet €81k
Net result €81k after one loss-making year.
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 26 days late
2024
31-12
Financial
Weakest financial yearnet €-14k ▼127%
Net result drops to €-14k, the lowest in the series; recovery starts the following year.
26-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 26 days late
2023
14-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €500kEq €544k ▲116%
5 profitable years in a row build equity to €544k.
01-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 32 days late
2021
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
2020
31-12
Financial
Equity above €200kEq €215k ▲9.9%
3 profitable years in a row build equity to €215k.
05-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 66 days late
2019
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 31 days late
2018
02-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
12-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 43 days late
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, Spiere-Helkijn · 1 establishment unit since 2010
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.
Moeras 148587 Spiere-HelkijnGround area
566 m²
Building footprint
200 m²
Volume, LiDAR
758 m³
Parcel 34036C0304/00C000, Flanders · tallest building 12.6 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Moeras 14, 8587 Spiere-Helkijn
since 20102.190.131.326
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34036C0304/00C000 | Flanders | 566 m² | 1 · 200 m² | 12.6 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 82,554 companies in sector 70200 we hold annual accounts for 52,573. 32,157 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded16-06-2010
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.