ZEQ
ActiveZEQ has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €318k and a net result of €295k. Equity is growing by ~79.6% per year across the filed fiscal years. Its solvency ranks better than 25% of 7930 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency16▼-83
Growth78=
Stability100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €17k at 30 days acceptable
Liquidity short (current ratio 0.67 against 2.54 in 2024), and 80.9% 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 · 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
19.1%
Return on assets
17.7%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 25% of 7930 sector peers (2025).
NBB · sector comparisonPosition among 7930 sector peers
Solvency
better than 25%
← weakest
strongest →
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 28-07-2026, 3 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
3 d early
2024
2 d early
2023
22 d late
2022
60 d late
2021
2 d early
2020
3 d early
2019
4 d early
← 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
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€295k▲ 6.5%
2024 · €277k
2018: €-220
2019: €43k
2020: €48k
2021: €90k
2022: €114k
2023: €365k
2024: €277k
2018 → 2025
Working capital
€-353k
2024 · €375k
2018: €8k
2019: €40k
2020: €75k
2021: €155k
2022: €60k
2023: €190k
2024: €375k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€188k-€310k▲ 64.3%€673k▲ 117%€949k▲ 40.9%€318k▼ 66.5%
Operating result€71k-€107k▲ 51.9%€127k▲ 18.5%€134k▲ 5.1%€179k▲ 33.8%
Net result€90k-€114k▲ 26.7%€365k▲ 219%€277k▼ 24.1%€295k▲ 6.5%
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 34% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.66M
Fixed assets
€950k▲ 0.3%
Current assets
€715k▲ 15.6%
Equity and liabilities €1.66M
Equity
€318k▼ 66.5%
Debt
€1.35M▲ 118%
The debt ratio rises from 39.4% to 80.9%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€183k▲
2024 · €136k
Cash flow
€299k▲
2024 · €279k
Solvency
19.1%▼
2024 · 60.6%
Current ratio
0.67▼
2024 · 2.54
Quick ratio
0.67▼
2024 · 2.54
Debt / equity
4.24▲
2024 · 0.65
ROE
92.9%▲
2024 · 29.2%
ROA
17.7%▲
2024 · 17.7%
Interest coverage
16.97▲
2024 · 10.47
Debt
€1.35M▲
2024 · €617k
Debt ≤ 1 year
€1.07M▲
2024 · €243k
Debt > 1 year
€279k▼
2024 · €374k
Income taxes
€46k▲
2024 · €40k
Staff costs
€71k▲
2024 · €68k
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€1.57M€1.66M▲
Fixed assets21/28€947k€950k▲
Tangible fixed assets22/27€3k€6k▲
Plant, machinery and equipment23€3k€1k▼
Furniture and vehicles24-€4k
Financial fixed assets28€944k€944k=
Current assets29/58€618k€715k▲
Amounts receivable within one year40/41€119k€127k▲
Trade receivables40€111k€119k▲
Other amounts receivable41€8k€8k=
Current investments50/53€350k€555k▲
Cash at bank and in hand54/58€137k€22k▼
Deferred charges and accrued income490/1€13k€11k▼
Equity and liabilities
Total equity and liabilities10/49€1.57M€1.66M▲
Equity10/15€949k€318k▼
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€929k€297k▼
Amounts payable17/49€617k€1.35M▲
Amounts payable after more than one year17€374k€279k▼
Financial debts170/4€374k€279k▼
Amounts payable within one year42/48€243k€1.07M▲
Current portion of amounts payable after more than one year42€92k€94k▲
Trade debts44€114k€5k▼
Suppliers440/4€114k€5k▼
Taxes, remuneration and social security45€34k€179k▲
Taxes450/3€17k€160k▲
Remuneration and social security454/9€17k€19k▲
Other amounts payable47/48€3k€789k▲
Income statement
Code20242025
Remuneration, social security and pensions62€68k€71k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€4k▲
Other operating charges640/8€502€9k▲
Gross operating margin9900€204k€263k▲
Operating profit (loss)9901€134k€179k▲
Financial income75/76B€196k€173k▼
Recurring financial income75€196k€173k▼
Financial charges65/66B€13k€11k▼
Recurring financial charges65€13k€11k▼
Profit (loss) for the period before taxes9903€317k€341k▲
Income taxes67/77€40k€46k▲
Profit (loss) for the period9904€277k€295k▲
Profit (loss) for the period to be appropriated9905€277k€295k▲
Appropriation of the result
Profit (loss) to be appropriated9906€930k€1.22M▲
Profit (loss) brought forward from the previous period14P€653k€929k▲
Profit to be distributed694/7€2k€927k▲
Return on contributions (dividend)694€2k€927k▲
Social balance
Average headcount (FTE)90870.70.7=
The notes to these accounts (14 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
28-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
29-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
22-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 22 days late
2023
31-12
Financial
Highest result since 2018net €365k ▲219%
Net result €365k, the highest in the series.
31-12
Financial
Equity above €500kEq €673k ▲117%
5 profitable years in a row build equity to €673k.
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 60 days late
2022
31-12
Financial
Equity above €200kEq €310k ▲64.3%
4 profitable years in a row build equity to €310k.
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Equity above €150kEq €188k ▲88.9%
3 profitable years in a row build equity to €188k.
28-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
27-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Back to profitnet €43k
Net result €43k after one loss-making year.
29-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Villers-le-Bouillet · 1 establishment unit since 2017
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 Bois-Grumsel 1F4530 Villers-le-BouilletGround area
4,946 m²
Building footprint
217 m²
Volume, LiDAR
560 m³
2 parcels, Wallonia · tallest building 8.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ZEQ
since 20172.267.137.151
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 61068B0910/00B000 | Wallonia | 4,213 m² | 1 · 135 m² | - |
| 61068B0913/00F000 | Wallonia | 734 m² | 1 · 82 m² | 8.2 m · 2 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.
Similar companies · same sector, comparable size
SANIVELLES
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MAPA
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ERLA
BE 0463.222.312
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DAKSTOCK
BE 0792.613.229
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TOCH INTERIEUR
BE 0433.943.653
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Of 1,804 companies in sector 46831 we hold annual accounts for 1,398. 1,004 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded18-08-2017
Fiscal year end31-12
Activities, NACEBEL
46831Wholesale of construction materials, general range
70200Business and other management consultancy
70220Business consulting
43990Other specialised construction activities
43999Specialised construction activities
47521Retail sale of hardware, building materials, paint and glass (general range)
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.