ZEPHYRWAY
ActiveThe annual accounts of ZEPHYRWAY for fiscal year 2025 show a net loss of 58% of total assets and of 58% of the equity at the start of that year. The 2025 annual accounts show equity of €25k and a net result of €-35k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 36% of 17022 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
46
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-90
Solvency67▼-12
Growth52▼-26
Track record94
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity ample (current ratio 1.61 against 2.35 in 2024; short-term debt: 45.3% and cash: 18.3% of total assets), but 57.7% of the assets are financed with debt.
Credit advice 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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Sector 62
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
42.3%
Return on assets
-58.1%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-08-2026, 25 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 · 4 filingsDeviation from the deadline
2025
25 d late
2024
20 d late
2023
16 d late
2022
17 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
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€25k▼ 57.9%
2024 · €60k
2022: €13k
2023: €41k
2024: €60k
2022 → 2025
Total assets
€60k▼ 46.0%
2024 · €111k
2022: €42k
2023: €84k
2024: €111k
2022 → 2025
Net result
€-35k
2024 · €19k
2022: €10k
2023: €29k
2024: €19k
2022 → 2025
Working capital
€17k▼ 66.5%
2024 · €50k
2022: €11k
2023: €29k
2024: €50k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€13k-€41k▲ 227%€60k▲ 46.2%€25k▼ 57.9%
Operating result€14k-€39k▲ 179%€30k▼ 22.7%€-34k
Net result€10k-€29k▲ 198%€19k▼ 33.5%€-35k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €34k after €30k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €60k
Fixed assets
€16k▼ 33.9%
Current assets
€44k▼ 49.4%
Equity and liabilities €60k
Equity
€25k▼ 57.9%
Debt
€35k▼ 32.0%
The debt ratio rises from 45.8% to 57.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-26k▼
2024 · €39k
Cash flow
€-27k▼
2024 · €28k
Solvency
42.3%▼
2024 · 54.2%
Current ratio
1.61▼
2024 · 2.35
Quick ratio
1.61▼
2024 · 2.35
Debt / equity
1.36▲
2024 · 0.84
ROE
-137.3%▼
2024 · 31.6%
ROA
-58.1%▼
2024 · 17.1%
Interest coverage
-28.05▼
2024 · 15.86
Debt
€35k▼
2024 · €51k
Debt ≤ 1 year
€27k▼
2024 · €37k
Debt > 1 year
€7k▼
2024 · €14k
Income taxes
€-391▼
2024 · €9k
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€111k€60k▼
Formation expenses20€0-
Fixed assets21/28€24k€16k▼
Tangible fixed assets22/27€24k€16k▼
Furniture and vehicles24€24k€16k▼
Financial fixed assets28€78€78=
Current assets29/58€87k€44k▼
Amounts receivable within one year40/41€14k€32k▲
Trade receivables40€14k€29k▲
Other amounts receivable41-€3k
Cash at bank and in hand54/58€72k€11k▼
Deferred charges and accrued income490/1€1k€400▼
Equity and liabilities
Total equity and liabilities10/49€111k€60k▼
Equity10/15€60k€25k▼
Contributions10/11€3k€3k=
Profit (loss) carried forward14€57k€22k▼
Amounts payable17/49€51k€35k▼
Amounts payable after more than one year17€14k€7k▼
Financial debts170/4€14k€7k▼
Amounts payable within one year42/48€37k€27k▼
Current portion of amounts payable after more than one year42€6k€7k▲
Trade debts44€333€2k▲
Suppliers440/4€333€2k▲
Taxes, remuneration and social security45€27k€19k▼
Taxes450/3€27k€16k▼
Remuneration and social security454/9-€3k
Other amounts payable47/48€3k-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€8k▼
Other operating charges640/8€552€970▲
Gross operating margin9900€39k€-25k▼
Operating profit (loss)9901€30k€-34k▼
Financial income75/76B€52€2▼
Recurring financial income75€52€2▼
Financial charges65/66B€2k€928▼
Recurring financial charges65€2k€928▼
Profit (loss) for the period before taxes9903€28k€-35k▼
Income taxes67/77€9k€-391▼
Profit (loss) for the period9904€19k€-35k▼
Profit (loss) for the period to be appropriated9905€19k€-35k▼
Appropriation of the result
Profit (loss) to be appropriated9906€57k€22k▼
Profit (loss) brought forward from the previous period14P€38k€57k▲
The notes to these accounts (6 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
25-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 25 days late
2025
31-12
Financial
Weakest financial yearnet €-35k ▼283%
Net result drops to €-35k, the lowest in the series.
20-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 20 days late
2024
16-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 16 days late
2023
31-12
Financial
Highest result since 2022net €29k ▲198%
Operating result €39k, net result €29k, both a record.
17-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 17 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Anderlecht · 1 establishment unit since 2022
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.
Itterbeekse Laan 3781070 AnderlechtGround area
139 m²
Building footprint
78 m²
Volume, LiDAR
912 m³
Parcel 21308H0100/00Z003, Brussels · tallest building 15.9 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
ZEPHYRWAY
since 20222.328.197.265
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21308H0100/00Z003 | Brussels | 139 m² | 1 · 78 m² | 15.8 m · 4 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.
Structure & network
Connections & network
14 connected companiesNetwork connections
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Of 16,887 companies in sector 62100 we hold annual accounts for 8,777. 6,160 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded16-02-2022
Fiscal year end31-12
Activities, NACEBEL
62010Computer programming, consultancy and related activities
62100Computer programming
46180Agents specialised in the wholesale of other particular products
46190Agents in non-specialised wholesale trade
47120Other non-specialised retail sale
47910Retail trade
62020IT consultancy
62030Computer programming, consultancy and related activities
62200Computer consultancy and computer facilities management
70200Business and other management consultancy
70210Activities of head offices; management consultancy activities
70220Business consulting
73300Public relations and communication consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.