ZEPHYRUS
ActiveSummary
ZEPHYRUS has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €52,966 and a net result of -€1,760. Its solvency ranks better than 65% of 2,480 sector peers (NACE 90, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 03-07-2024 Normal situation
- Activity
- Literary creation NACE 90111and 1 other
- Establishment unit
- 2.362.044.921 2018 Antwerpen, since 03-07-2024
- Financial year end
- 31 December
- Peppol
- Reachable since 13-04-2026
Board and ownership
- MORO Eugarrios Ileana LisandraDirector · since 03-07-2024
- Ritiu MariusDirector · since 03-07-2024
Financial position
- Bankruptcy probabilitywithin 12 months
- < 0.1%
- Gross margin
- €4,189
- ▼ 94.7%
- Turnover
- ≈ €23,000
- estimated
- Loss
- €1,760
- Equity
- €52,966
- ▼ 3.2%
- Total assets
- €80,768
- ▼ 58.7%
Score breakdownraises riskFounded in 2024lowers riskLiquidity: current ratio 2.77, cash €71,511, halvedSector: Arts creation and performing arts activities (NACE 90)Size: total assets €80,768Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 90, micro). It does better than 66% of them on solvency, 73% on liquidity, 26% on profitability and 39% on growth.
The bankruptcy probability was computed on 03-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 2 accounts on average 4 days before the deadline. In the sector (NACE 90), the median for financial year 2024 was 4 days before the deadline, and 38% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 30-07-2026 at the NBB all 2 filings
Every figure per financial year
The operating result for 2025 is 96% lower than in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Investments
| Item | 2024 | 2025 |
|---|---|---|
| Financial fixed assets | €2,100 | €1,725 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Other operating charges640/8 | €672 | €1,210 | ▲ 79.9% |
| Gross operating margin9900 | €79,075 | €4,189 | ▼ 94.7% |
| Operating profit (loss)9901 | €78,402 | €2,980 | ▼ 96.2% |
| Financial income75/76B | - | €66 | - |
| Recurring financial income75 | - | €66 | - |
| Financial charges65/66B | €676 | €305 | ▼ 54.8% |
| Recurring financial charges65 | €676 | €305 | ▼ 54.8% |
| Profit (loss) for the period before taxes9903 | €77,726 | €2,740 | ▼ 96.5% |
| Income taxes67/77 | €23,000 | €4,500 | ▼ 80.4% |
| Profit (loss) for the period9904 | €54,726 | -€1,760 | - |
| Profit (loss) for the period to be appropriated9905 | €54,726 | -€1,760 | - |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €195,633 | €80,768 | ▼ 58.7% |
| Fixed assets21/28 | €2,100 | €3,825 | ▲ 82.1% |
| Financial fixed assets28 | €2,100 | €3,825 | ▲ 82.1% |
| Current assets29/58 | €193,533 | €76,943 | ▼ 60.2% |
| Amounts receivable within one year40/41 | €42,473 | €5,432 | ▼ 87.2% |
| Trade receivables40 | €42,473 | - | - |
| Other amounts receivable41 | - | €5,432 | - |
| Cash at bank and in hand54/58 | €151,060 | €71,511 | ▼ 52.7% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €195,633 | €80,768 | ▼ 58.7% |
| Equity10/15 | €54,726 | €52,966 | ▼ 3.2% |
| Profit (loss) carried forward14 | €54,726 | €52,966 | ▼ 3.2% |
| Amounts payable17/49 | €140,907 | €27,801 | ▼ 80.3% |
| Amounts payable within one year42/48 | €140,907 | €27,801 | ▼ 80.3% |
| Trade debts44 | €90,102 | €24,199 | ▼ 73.1% |
| Suppliers440/4 | €90,102 | €24,199 | ▼ 73.1% |
| Taxes, remuneration and social security45 | €50,513 | €3,602 | ▼ 92.9% |
| Taxes450/3 | €50,001 | €3,602 | ▼ 92.8% |
| Remuneration and social security454/9 | €512 | - | - |
| Other amounts payable47/48 | €292 | - | - |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €54,726 | -€1,760 | - |
| Operating cash flow (approximation) | €54,726 | -€1,760 | - |
| Investment in fixed assets (approximation) | - | -€1,725 | - |
| Change in cash | - | -€79,549 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 2,145 companies had the same profile as ZEPHYRUS has now. Two years later, 91.7% were still going and 2.2% had gone bankrupt.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a small loss
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of ZEPHYRUS itself is lower: < 0.1% within 12 months. It rests on far more data about ZEPHYRUS than the profile alone.
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.
| 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 2,145 companies, not a prediction for ZEPHYRUS. 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.
Board & ownership
Directors
Owners and capital
Shareholders
- RITIU Marius Mircea founder
- MORO Eugarrios Ileana Lisandra founder
Capital transactions
- 05-07-2024 Incorporation · €3,100 · 100 shares
Mandate history
- Board
- end not dated
| Name | Functions and periods |
|---|---|
| Ritiu Marius |
|
| MORO Eugarrios Ileana Lisandra |
|
| RITIU Merius |
|
Articles of association
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one.
- No statutory auditor
Articles of association, deed of 05-07-2024 (in Dutch)
Network & group
ZEPHYRUS shares no director with another company.
Companies at the same address
2 other companiesConnections & network
2 current directorsThe network starts from the directors of ZEPHYRUS. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
05-07
Gazette deed
IncorporationStarting capital €3,100 · Appointments: RITIU Merius (gewone bestuurder) and MORO Eugarrios Ileana Lisandra (gewone bestuurder) · Founder9 points ▸
- Incorporation, 02-07-2024
- Founder, RITIU Marius Mircea
- Founder, MORO Eugarrios Ileana Lisandra
- Capital
- Founding capital, €3,100
- Bank account, “voor oprichting”, EUR (deed in Dutch)
- Director appointment, RITIU Merius (gewone bestuurder)
- Director appointment, MORO Eugarrios Ileana Lisandra (gewone bestuurder)
- Power of attorney, MEGENS Astrid André Marie-Louise Hermine, mentioned 2 times in the deed
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
20 activities
- Adviesverlening op het gebied van public relations en communicatie
- Overige adviesverlening op het gebied van bedrijfsbeheer en bedrijfsvoering
- Ontwerpen van publicitaire teksten en slogans(copywriters)
- Activiteiten van grafische designers
- Overige zakelijke dienstverlening
- Promotie en organisatie van uitvoerende kunstevenementen
- Overige ondersteunende activiteiten voor de uitvoerende kunsten
- Scheppende kunsten
- Ondersteunende activiteiten voor scheppende kunsten
- Adviesverlening op het gebied van public relations en communicatie
- De aan-en verkoop,in pacht nemen,installeren,beheren,herstellen,ruilen van alle roerende en onroerende goederen en schepen deelnemen,beheren,participeren in alle soortgelijke zaken en in het algemeen alle verrichtingen die rechtstreeks of onrechtstreeks met het doel der vennootschap verband houden,en/of nodig of dienstig zijn tot de verwezenlijking van haar voorwerp
- De vennootschap kan functies van bestuurder of vereffenaar van andere vennootschappen uitoefenen
- Verkoop op commissie
- De vennootschap zal alle commerciële,industriële,financiële,roerende of onroerende handelingen mogen verrichten,die rechtstreeks of onrechtstreeks verband houden met haar voorwerp
- De vennootschap kan,op gelijk welke wijze,deelnemen in,samenwerken met of financieel tussenkomen in andere vennootschappen of bedrijven
- De vennootschap zal leiding en controle,in hoedanigheid van bestuurder,vereffenaar of anderszins,kunnen uitoefenen over andere vennootschappen
- De vennootschap mag tevens om het even welke gelijkaardige handelingen stellen die nuttig zouden zijn of nuttig zouden kunnen zijn om haar doel te realiseren en om de ontwikkeling van de vennootschap te bevorderen.Dit alles in de ruimste zin van het woord
- Alle overige handelingen op commercieel,industrieel,en financieel gebied,alles in de ruimste zin
- De financiële deelneming in en zich interesseren bij andere ondernemingen en de deelneming in de leiding daarvan en voorts het bezit,het beheer,en de vervreemding van vermogensbestanddelen
- Het verlenen van zekerheden op onroerende goederen of andere goederen van de vennootschap ten behoeve van derden terzake van schulden van aan haar gelieerde vennootschappen en het zich hoofdelijk of als borg medeverbinden voor die schulden alsmede het verrichten van alle overige handelingen op commercieel,industrieel,en financieel gebied,alles in de ruimste zin
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 11810K2171/00N004 | Flanders | 164 m² | 1 · 148 m² | 15.4 m · 4 |