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Zero Systems

Active
Private limited companyfounded 20232 yrs activeAdhemar Lavensstraat 5, 8650 Houthulst, BelgiumKBO/BCE: BE 1001.151.450
Summary

The computed 12-month bankruptcy probability of Zero Systems is 1.8% (moderate). The 2025 annual accounts show negative equity (-€8,959) and a net result of €1,651. Equity is shrinking by ~34% per year across the filed fiscal years. Its solvency ranks better than 9% of 398 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes · tick = 2024
Profitability46▲+43
Solvency4▼-3
Growth58=
Track record82
Bankruptcy probability, 12 months
1.8% Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.92 against 0.99 in 2024; short-term debt: 61% and cash: 12.1% of total assets), and equity is negative.
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Signals

Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 2 years 0 10 y
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 2025
Solvency, return and age of the figures
Solvency
-21.3%
Return on assets
3.9%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 9% of 398 sector peers (2025).
NBB · sector comparison
Position among 398 sector peers
Solvency
better than 9%
← 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 · 3 filings
Deviation from the deadline
2025
3 d early
2024
8 d late
2023
28 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 3 accounts on average 8 days before the deadline; the sector median for financial year 2024 is 11 days before the deadline, and 32% of the sector filed late.

Checked, nothing found (2)
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 months
Position in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 12 October 2023, Zero Systems was incorporated as a Private limited company.1 Total assets went from EUR 27,174 in 2023 to EUR 41,977 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2023 and 2025

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Financials · fiscal year 2025, micro schema

Equity
-€8,959▲ 15.6%
2024 · -€10,610
Total assets
€41,977▼ 27.0%
2024 · €57,523
Net result
€1,651
2024 · -€7,736
Working capital
-€1,963▼ 326%
2024 · -€461
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 28, Manufacture of machinery and equipment not elsewhere classified, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line202320242025
Operating result-€6,874--€2,626▲ 61.8%€5,105
Net result-€7,874below the sector's middle half--€7,736below the sector's middle half▲ 1.8%€1,651within the sector's middle half
Equity-€2,874below the sector's middle half--€10,610below the sector's middle half▼ 269%-€8,959below the sector's middle half▲ 15.6%
Total assets€27,174below the sector's middle half-€57,523below the sector's middle half▲ 112%€41,977below the sector's middle half▼ 27.0%
Debt€30,048-€68,133▲ 127%€50,936▼ 25.2%
Working capital€1,564below the sector's middle half--€461below the sector's middle half-€1,963below the sector's middle half▼ 326%
Solvency-10.6%below the sector's middle half--18.4%below the sector's middle half▼ 7.9pp-21.3%below the sector's middle half▼ 2.9pp
Current ratio1.10below the sector's middle half-0.99below the sector's middle half▼ 0.110.92below the sector's middle half▼ 0.06
Return on assets (ROA)-29.0%below the sector's middle half--13.4%below the sector's middle half▲ 15.5pp3.9%within the sector's middle half▲ 17.4pp
above within below the middle half (P25 to P75) of NACE 28, Manufacture of machinery and equipment not elsewhere classified, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€10,000-€5,000€0€5,000Operating result 2023: -€6,874-€6,874Net result 2023: -€7,874-€7,874Operating result 2024: -€2,626-€2,626Net result 2024: -€7,736-€7,736Operating result 2025: €5,105€5,105Net result 2025: €1,651€1,651202320242025-€10,000-€5,000€0€5,000Operating result 2023: -€6,874-€6,870Net result 2023: -€7,874-€7,870Operating result 2024: -€2,626-€2,630Net result 2024: -€7,736-€7,740Operating result 2025: €5,105€5,110Net result 2025: €1,651€1,650202320242025
The operating result returns to profit in 2025: €5,105 after a loss of €2,626 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €41,977
Fixed assets €18,347 ▼ 18.9%
Current assets €23,630 ▼ 32.3%
Key figures and ratios
2025 value · change against 2024
EBITDA
€9,372▲
2024 · €523
Cash flow
€5,918▲
2024 · -€4,587
Quick ratio
0.34▼
2024 · 0.47
Debt to equity
-5.69▲
2024 · -6.42
Interest coverage
2.71▲
2024 · 0.10
Debt ≤ 1 year
€25,593▼
2024 · €35,370
Debt > 1 year
€24,419▼
2024 · €32,350
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 516 companies that looked in July 2024 the way this one looks now, 3.7% went bankrupt within 24 months and 92% are still going.

  • Micro
  • 2 to 5 years old
  • negative equity
  • a profit under 5% of the balance sheet
3.7% went bankrupt
2.3% stopped otherwise
92% still going

A further 2.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 1.8% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.7%
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 75% 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 516 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 40 lines
Balance sheet Code20242025
Assets
Total assets20/58€57,523€41,977▼
Fixed assets21/28€22,613€18,347▼
Intangible fixed assets21€5,342€4,218▼
Tangible fixed assets22/27€17,271€14,128▼
Plant, machinery and equipment23€16,200€13,521▼
Furniture and vehicles24€1,072€608▼
Assets under construction and advance payments27€0-
Current assets29/58€34,909€23,630▼
Stocks and contracts in progress3€18,364€14,894▼
Stocks30/36€18,364€14,894▼
Amounts receivable within one year40/41€3,786€3,494▼
Other amounts receivable41€3,786€3,494▼
Cash at bank and in hand54/58€3,813€5,087▲
Deferred charges and accrued income490/1€8,947€155▼
Equity and liabilities
Total equity and liabilities10/49€57,523€41,977▼
Equity10/15-€10,610-€8,959▲
Contributions10/11€5,000€5,000=
Profit (loss) carried forward14-€15,610-€13,959▲
Amounts payable17/49€68,133€50,936▼
Amounts payable after more than one year17€32,350€24,419▼
Financial debts170/4€32,350€24,419▼
Amounts payable within one year42/48€35,370€25,593▼
Current portion of amounts payable after more than one year42€7,584€7,931▲
Trade debts44€3,024€2,949▼
Suppliers440/4€3,024€2,949▼
Taxes, remuneration and social security45-€1,802
Taxes450/3-€1,802
Other amounts payable47/48€24,762€12,910▼
Accrued charges and deferred income492/3€412€924▲
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3,149€4,267▲
Other operating charges640/8€513€528▲
Gross operating margin9900€1,036€9,900▲
Operating profit (loss)9901-€2,626€5,105▲
Financial charges65/66B€5,110€3,454▼
Recurring financial charges65€5,110€3,454▼
Profit (loss) for the period before taxes9903-€7,736€1,651▲
Profit (loss) for the period9904-€7,736€1,651▲
Profit (loss) for the period to be appropriated9905-€7,736€1,651▲
Appropriation of the result
Profit (loss) to be appropriated9906-€15,610-€13,959▲
Profit (loss) brought forward from the previous period14P-€7,874-€15,610▼

The notes to these accounts (15 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€3,149€4,267▲ 35.5%
Other operating charges640/8€656€513€528▲ 2.8%
Gross operating margin9900-€6,218€1,036€9,900▲ 855%
Operating profit (loss)9901-€6,874-€2,626€5,105▲ 294%
Financial charges65/66B€1,000€5,110€3,454▼ 32.4%
Recurring financial charges65€1,000€5,110€3,454▼ 32.4%
Profit (loss) for the period before taxes9903-€7,874-€7,736€1,651▲ 121%
Profit (loss) for the period9904-€7,874-€7,736€1,651▲ 121%
Profit (loss) for the period to be appropriated9905-€7,874-€7,736€1,651▲ 121%
Line202320242025Change
Assets
Total assets20/58€27,174€57,523€41,977▼ 27.0%
Fixed assets21/28€9,375€22,613€18,347▼ 18.9%
Intangible fixed assets21-€5,342€4,218▼ 21.0%
Tangible fixed assets22/27€9,375€17,271€14,128▼ 18.2%
Plant, machinery and equipment23-€16,200€13,521▼ 16.5%
Furniture and vehicles24-€1,072€608▼ 43.3%
Assets under construction and advance payments27€9,375€0--
Current assets29/58€17,799€34,909€23,630▼ 32.3%
Stocks and contracts in progress3€9,963€18,364€14,894▼ 18.9%
Stocks30/36€9,963€18,364€14,894▼ 18.9%
Amounts receivable within one year40/41€5,727€3,786€3,494▼ 7.7%
Other amounts receivable41€5,727€3,786€3,494▼ 7.7%
Cash at bank and in hand54/58€1,161€3,813€5,087▲ 33.4%
Deferred charges and accrued income490/1€948€8,947€155▼ 98.3%
Equity and liabilities
Total equity and liabilities10/49€27,174€57,523€41,977▼ 27.0%
Equity10/15-€2,874-€10,610-€8,959▲ 15.6%
Contributions10/11€5,000€5,000€5,000=
Profit (loss) carried forward14-€7,874-€15,610-€13,959▲ 10.6%
Amounts payable17/49€30,048€68,133€50,936▼ 25.2%
Amounts payable after more than one year17€13,398€32,350€24,419▼ 24.5%
Financial debts170/4€13,398€32,350€24,419▼ 24.5%
Amounts payable within one year42/48€16,234€35,370€25,593▼ 27.6%
Current portion of amounts payable after more than one year42€6,066€7,584€7,931▲ 4.6%
Trade debts44€1,549€3,024€2,949▼ 2.5%
Suppliers440/4€1,549€3,024€2,949▼ 2.5%
Taxes, remuneration and social security45--€1,802-
Taxes450/3--€1,802-
Other amounts payable47/48€8,620€24,762€12,910▼ 47.9%
Accrued charges and deferred income492/3€416€412€924▲ 124%
Line202320242025Change
Profit (loss) for the period9904-€7,874-€7,736€1,651▲ 121%
+ Depreciation and write-downs630-€3,149€4,267▲ 35.5%
Operating cash flow (approximation)-€7,874-€4,587€5,918▲ 229%
Investment in fixed assets (approximation)--€16,388€0▲ 100%
Change in cash-€2,651€1,275▼ 51.9%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
28-07
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial Back to profitnet €1,651
Net result €1,651 after 2 loss-making years.
08-08
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 8 days late
2024
03-07
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
1 act for this company is 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, Houthulst · 1 establishment unit since 2023
seat establishment approximate The establishment unit on the map
Ground area
7,185 m²
Building footprint
210 m²
Parcel 32006D0326/00T000, Flanders. Linked by address, not a title deed.
1 establishment unit
Zero Systems
Adhemar Lavensstraat 5, 8650 HouthulstManufacture of machinery and equipment not elsewhere classified
since 20232.350.925.058
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
32006D0326/00T000 Flanders 7,185 m² 1 · 210 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.

Similar companies · same sector

This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector. Of 17 companies in sector 28296 we hold annual accounts for 13. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded12-10-2023
Fiscal year end31-12
Activities, NACEBEL 2025
28296Manufacture of machinery and equipment not elsewhere classified
46140Agents in the wholesale of industrial machinery, ships and aircraft
46442Wholesale trade
46649Wholesale of other machinery and equipment
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID 0208:1001151450
Also 9925:BE1001151450
Registered 30-10-2023

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.