ZERES
ActiveSummary
ZERES has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €264,706 and a net result of €37,249. Equity remains stable across the filed fiscal years (±1.4% per year). Its solvency ranks better than 71% of 37948 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability82▲+38
Solvency100▲+4
Growth78▲+46
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €23,000 at 30 days acceptable
Liquidity ample (current ratio 5.12 against 3.19 in 2023; short-term debt: 8.8% and cash: 20.8% of total assets), and 24.2% of the assets are financed with debt.
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Signals
Five 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 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← 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 · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €264,706
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 24-06-2025, 37 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
37 d early
2023
23 d late
2022
30 d late
2021
30 d late
2020
24 d late
2019
35 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 18 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Turnover
€534
EBIT margin
1758.6%
Net result
€37,249
2023 · -€3,328
Working capital
€126,423▲ 62.9%
2023 · €77,604
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€534
Operating result€9,391▼ 66.8%€19,052▲ 103%€13,703▼ 28.1%-€7,773€58,235
Net result€6,466▼ 65.9%€4,905▼ 24.1%€8,904▲ 81.5%-€3,328€37,249
EBIT margin1758.6%
Equity€274,476▲ 2.4%€251,881▼ 8.2%€230,785▼ 8.4%€227,457▼ 1.4%€264,706▲ 16.4%
Total assets€417,516▼ 3.6%€378,508▼ 9.3%€346,759▼ 8.4%€318,247▼ 8.2%€349,343▲ 9.8%
Debt€84,407▼ 18.8%€70,544▼ 16.4%€62,439▼ 11.5%€39,805▼ 36.3%€36,202▼ 9.1%
Working capital€168,289▼ 4.0%€129,005▼ 23.3%€95,471▼ 26.0%€77,604▼ 18.7%€126,423▲ 62.9%
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €58,235 after a loss of €7,773 in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €349,343
Fixed assets
€192,235 ▼ 6.3%
Current assets
€157,109 ▲ 39.0%
Equity and liabilities €349,343
Equity
€264,706 ▲ 16.4%
Provisions
€48,436 ▼ 5.0%
Debt
€36,202 ▼ 9.1%
Debt's share of the balance-sheet total falls from 12.5% to 10.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€71,226▲
2023 · €4,256
Cash flow
€50,240▲
2023 · €8,701
Current ratio
5.12▲
2023 · 3.19
Debt to equity
0.14▼
2023 · 0.17
ROE
14.1%▲
2023 · -1.5%
ROA
10.7%▲
2023 · -1.0%
Interest coverage
21.06▲
2023 · 3.21
Debt ≤ 1 year
€30,686▼
2023 · €35,416
Debt > 1 year
€4,422▲
2023 · €4,389
Income taxes
€22,349▲
2023 · €922
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,324 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.4%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 31,324 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €534 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10,848 | €11,071 | €11,324 | €12,029 | €12,991 | ▲ 8.0% |
| Other operating charges640/8 | - | €4,268 | €3,923 | €7,560 | €5,026 | ▼ 33.5% |
| Gross operating margin9900 | €24,039 | €34,391 | €28,950 | €11,815 | €76,252 | ▲ 545% |
| Operating profit (loss)9901 | €9,391 | €19,052 | €13,703 | -€7,773 | €58,235 | ▲ 849% |
| Financial income75/76B | - | €1,620 | €590 | €4,142 | €2,196 | ▼ 47.0% |
| Recurring financial income75 | €2,287 | €1,620 | €590 | €4,142 | €2,196 | ▼ 47.0% |
| Financial charges65/66B | - | €1,779 | €1,240 | €1,324 | €3,382 | ▲ 155% |
| Recurring financial charges65 | €2,305 | €1,779 | €1,240 | €1,324 | €3,382 | ▲ 155% |
| Profit (loss) for the period before taxes9903 | €9,374 | €18,892 | €13,053 | -€4,955 | €57,049 | ▲ 1,251% |
| Transfer from deferred taxes780 | - | €2,549 | €2,549 | €2,549 | €2,549 | = |
| Income taxes67/77 | €5,457 | €16,537 | €6,698 | €922 | €22,349 | ▲ 2,323% |
| Profit (loss) for the period9904 | €6,466 | €4,905 | €8,904 | -€3,328 | €37,249 | ▲ 1,219% |
| Transfer from tax-exempt reserves789 | - | €4,951 | €4,951 | €4,951 | €4,951 | = |
| Profit (loss) for the period to be appropriated9905 | €11,416 | €9,856 | €13,855 | €1,622 | €42,200 | ▲ 2,501% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €417,516 | €378,508 | €346,759 | €318,247 | €349,343 | ▲ 9.8% |
| Formation expenses20 | €0 | €0 | €0 | €0 | €0 | - |
| Fixed assets21/28 | €226,555 | €220,242 | €208,918 | €205,226 | €192,235 | ▼ 6.3% |
| Tangible fixed assets22/27 | €226,555 | €220,242 | €208,918 | €205,226 | €192,235 | ▼ 6.3% |
| Land and buildings22 | - | €220,242 | €208,918 | €202,738 | €190,248 | ▼ 6.2% |
| Furniture and vehicles24 | - | - | - | €2,488 | €1,987 | ▼ 20.1% |
| Current assets29/58 | €190,961 | €158,266 | €137,841 | €113,020 | €157,109 | ▲ 39.0% |
| Amounts receivable within one year40/41 | €49,000 | €0 | €0 | €3,268 | €25,095 | ▲ 668% |
| Trade receivables40 | - | - | - | - | €0 | - |
| Other amounts receivable41 | - | €0 | €0 | €3,268 | €25,095 | ▲ 668% |
| Current investments50/53 | €49,289 | €49,289 | €49,289 | €53,031 | €54,583 | ▲ 2.9% |
| Cash at bank and in hand54/58 | €92,671 | €108,977 | €88,552 | €56,722 | €72,551 | ▲ 27.9% |
| Deferred charges and accrued income490/1 | - | - | - | - | €4,880 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €417,516 | €378,508 | €346,759 | €318,247 | €349,343 | ▲ 9.8% |
| Equity10/15 | €274,476 | €251,881 | €230,785 | €227,457 | €264,706 | ▲ 16.4% |
| Contributions10/11 | €0 | €0 | - | - | - | - |
| Reserves13 | €231,813 | €234,217 | €213,066 | €208,115 | €245,164 | ▲ 17.8% |
| Non-distributable reserves130/1 | - | €0 | - | - | - | - |
| Reserves not available under the articles1311 | - | €0 | - | - | - | - |
| Tax-exempt reserves132 | - | €108,917 | €103,966 | €99,015 | €94,064 | ▼ 5.0% |
| Distributable reserves133 | - | €125,300 | €109,100 | €109,100 | €151,100 | ▲ 38.5% |
| Profit (loss) carried forward14 | €17,663 | €17,665 | €17,719 | €19,342 | €19,541 | ▲ 1.0% |
| Provisions and deferred taxes16 | €58,633 | €56,084 | €53,534 | €50,985 | €48,436 | ▼ 5.0% |
| Deferred taxes168 | - | €56,084 | €53,534 | €50,985 | €48,436 | ▼ 5.0% |
| Amounts payable17/49 | €84,407 | €70,544 | €62,439 | €39,805 | €36,202 | ▼ 9.1% |
| Amounts payable after more than one year17 | €61,342 | €41,283 | €19,350 | €4,389 | €4,422 | ▲ 0.7% |
| Financial debts170/4 | - | €36,968 | €14,976 | €0 | - | - |
| Other amounts payable178/9 | - | €4,314 | €4,374 | €4,389 | €4,422 | ▲ 0.7% |
| Amounts payable within one year42/48 | €22,671 | €29,261 | €42,369 | €35,416 | €30,686 | ▼ 13.4% |
| Current portion of amounts payable after more than one year42 | - | €21,439 | €21,993 | €14,972 | €0 | ▼ 100% |
| Trade debts44 | €0 | €0 | €410 | €5,868 | €11,323 | ▲ 93.0% |
| Suppliers440/4 | - | €0 | €410 | €5,868 | €11,323 | ▲ 93.0% |
| Taxes, remuneration and social security45 | - | €7,822 | €7,572 | €2,182 | €5,923 | ▲ 171% |
| Taxes450/3 | - | €7,822 | €7,572 | €2,182 | €5,923 | ▲ 171% |
| Other amounts payable47/48 | - | €0 | €12,395 | €12,395 | €13,440 | ▲ 8.4% |
| Accrued charges and deferred income492/3 | - | €0 | €720 | €0 | €1,095 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6,466 | €4,905 | €8,904 | -€3,328 | €37,249 | ▲ 1,219% |
| + Depreciation and write-downs630 | €10,848 | €11,071 | €11,324 | €12,029 | €12,991 | ▲ 8.0% |
| Operating cash flow (approximation) | €17,314 | €15,976 | €20,228 | €8,701 | €50,240 | ▲ 477% |
| Investment in fixed assets (approximation) | - | -€4,758 | €0 | -€8,337 | €0 | ▲ 100% |
| Change in cash | - | €16,306 | -€20,426 | -€31,829 | €15,829 | ▲ 150% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
24-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €37,249
Net result €37,249 after one loss-making year.
23-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 23 days late
2023
31-12
Financial
Weakest financial yearnet -€3,328
Net result drops to -€3,328, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 30 days late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 30 days late
2021
24-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 24 days late
2020
04-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 35 days late
2019
31-12
Financial
Liquidity doublescurrent ratio 9.57
Current ratio from 4.62 to 9.57; short-term debt falls from €21,479 to €20,460.
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 28 days late
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 29 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 30 days late
2016
25-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 25 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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, Blégny · 1 establishment unit since 2023
Ground area
2,194 m²
Building footprint
162 m²
Parcel 62094A0460/00C000, Wallonia. Linked by address, not a title deed.
1 establishment unit
Rue Cokaihaie 16, 4672 Blégny
since 20232.349.068.596
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62094A0460/00C000 | Wallonia | 2,194 m² | 1 · 162 m² | - |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
8755003B0KJBABPE5902
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,590. 38,713 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded10-02-1997
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
68204Real estate activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0460000724
Also
9925:BE0460000724
Registered
30-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.