ZERON
ActiveSummary
ZERON has been active since 2002 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.2m and a net result of €702,661. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 32% of 3,374 sector peers (NACE 62, financial year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Financials · financial year 2025, abbreviated format
In the rankings
#2 company by total assets in Herentals, Telecoms and IT sector#2 company by equity in Herentals, Telecoms and IT sector
Turnover
€4.4m▼ 6.8%
2024 · €4.7m
EBIT margin
28.9%▼ 8.5pp
2024 · 37.4%
Net result
€702,661▼ 45.3%
2024 · €1.3m
Working capital
-€2.8m▼ 267%
2024 · -€755,346
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result has fallen two years in a row; 2025 is 28% below 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Turnover€4.4m
2025
Operating result€1.3m
2025
Net result€0.7m
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€13.2m
2025
Equity€3.2m
2025
Debt€10.0m
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€2.8m
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
EBIT margin28.9%
2025
Return on assets (ROA)5.3%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency24.5%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio0.31
2025
Average staff in full-time equivalents (FTE).
Staff (FTE)10.9
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 62, Computer programming, consultancy and related activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Turnover€0.6m€1.7m▲ 171%€5.2m▲ 211%€4.7m▼ 10.6%€4.4m▼ 6.8%
Operating result€0.009m-€0.05m▲ 461%€0.04m▼ 20.2%-€0.002m-€0.05m▼ 2,358%€2.0m€1.8m▼ 14.2%€1.3m▼ 28.1%
Net result€0.004m-€0.05m▲ 12×€0.02mwithin the sector's middle half▼ 52.7%-€0.006mbelow the sector's middle half-€0.05mbelow the sector's middle half▼ 743%€2.0mabove the sector's middle half€1.3mabove the sector's middle half▼ 35.2%€0.7mabove the sector's middle half▼ 45.3%
EBIT margin-0.3%-2.9%▼ 2.6pp39.0%▲ 41.9pp37.4%▼ 1.6pp28.9%▼ 8.5pp
Equity€0.02m-€0.02m▲ 0.1%€0.05mwithin the sector's middle half▲ 89.4%€0.04mbelow the sector's middle half▼ 12.6%-€0.009mbelow the sector's middle half€1.4mabove the sector's middle half€2.5mabove the sector's middle half▲ 78.6%€3.2mabove the sector's middle half▲ 27.6%
Total assets€0.2m-€0.3m▲ 15.7%€0.2mwithin the sector's middle half▼ 16.0%€1.0mwithin the sector's middle half▲ 378%€4.1mabove the sector's middle half▲ 299%€5.2mabove the sector's middle half▲ 27.2%€5.8mabove the sector's middle half▲ 11.8%€13.2mabove the sector's middle half▲ 128%
Debt€0.2m-€0.2m▲ 17.6%€0.2m▼ 27.0%€1.0m▲ 484%€4.1m▲ 316%€3.8m▼ 7.8%€3.3m▼ 13.4%€10.0m▲ 205%
Working capital-€0.006m-€0.02m€0.05mwithin the sector's middle half▲ 126%-€0.7mbelow the sector's middle half-€1.5mbelow the sector's middle half▼ 99.2%-€1.5mbelow the sector's middle half▼ 2.9%-€0.8mbelow the sector's middle half▲ 50.1%-€2.8mbelow the sector's middle half▼ 267%
Solvency10.9%-9.4%▼ 1.5pp21.3%below the sector's middle half▲ 11.9pp3.9%below the sector's middle half▼ 17.4pp-0.2%below the sector's middle half▼ 4.1pp27.4%within the sector's middle half▲ 27.6pp43.7%within the sector's middle half▲ 16.4pp24.5%within the sector's middle half▼ 19.2pp
Current ratio0.96-1.12▲ 0.151.38within the sector's middle half▲ 0.270.25below the sector's middle half▼ 1.130.54below the sector's middle half▲ 0.280.60below the sector's middle half▲ 0.060.77below the sector's middle half▲ 0.170.31below the sector's middle half▼ 0.46
Return on assets (ROA)1.7%-17.9%▲ 16.2pp10.1%within the sector's middle half▼ 7.8pp-0.6%below the sector's middle half▼ 10.6pp-1.2%below the sector's middle half▼ 0.6pp38.1%above the sector's middle half▲ 39.3pp22.1%above the sector's middle half▼ 16.0pp5.3%within the sector's middle half▼ 16.8pp
Staff (FTE)5.7-5.3▼ 7.0%6.2above the sector's middle half▲ 17.0%7.8within the sector's middle half▲ 25.8%7.2within the sector's middle half▼ 7.7%9.7within the sector's middle half▲ 34.7%10.2within the sector's middle half▲ 5.2%10.9above the sector's middle half▲ 6.9%
above
within
below
the middle half of NACE 62, Computer programming, consultancy and related activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €13.2m
Fixed assets
€12.0m ▲ 262%
Current assets
€1.2m ▼ 50.9%
Equity and liabilities €13.2m
Equity
€3.2m ▲ 27.6%
Debt
€10.0m ▲ 205%
Debt's share of the balance-sheet total rises from 56.3% to 75.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€2.1m▼
2024 · €2.4m
Cash flow
€1.6m▼
2024 · €1.9m
Debt to equity
3.08▲
2024 · 1.29
ROE
21.6%▼
2024 · 50.5%
Interest coverage
6.06▼
2024 · 36.48
Debt ≤ 1 year
€4.0m▲
2024 · €3.3m
Debt > 1 year
€6.0m
Staff costs
€744,450▲
2024 · €742,168
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | €0.6m | €1.7m | €5.2m | €4.7m | €4.4m | ▼ 6.8% |
| Non-recurring operating income76A | - | - | - | €0.06m | - | - | - | €0.06m | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €0.3m | €1.2m | €2.1m | €1.7m | €2.1m | ▲ 24.0% |
| Remuneration, social security and pensions62 | - | - | - | €0.4m | €0.4m | €0.7m | €0.7m | €0.7m | ▲ 0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.04m | €0.03m | €0.01m | €0.01m | €0.2m | €0.4m | €0.6m | €0.9m | ▲ 40.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | -€0.002m | - | €0.1m | €0.1m | -€0.1m | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | €0 | - | - | - | - | - |
| Other operating charges640/8 | - | - | - | €0.001m | €322 | €0.001m | €0.004m | €0.2m | ▲ 44× |
| Non-recurring operating charges66A | - | - | - | €0.002m | - | €0.08m | €0.02m | €0.02m | ▲ 17.3% |
| Gross operating margin9900 | €0.3m | €0.3m | €0.4m | €0.4m | €0.6m | €3.3m | €3.3m | €3.0m | ▼ 9.9% |
| Operating profit (loss)9901 | €0.009m | €0.05m | €0.04m | -€0.002m | -€0.05m | €2.0m | €1.8m | €1.3m | ▼ 28.1% |
| Financial income75/76B | - | - | - | €0.001m | €414 | €0.02m | €0.05m | €0.03m | ▼ 38.9% |
| Recurring financial income75 | €4 | €0.001m | €185 | €0.001m | €414 | €0.02m | €0.05m | €0.03m | ▼ 38.9% |
| Non-recurring financial income76B | - | - | - | €0 | - | - | - | - | - |
| Financial charges65/66B | - | - | - | €0.002m | €182 | €0.06m | €0.5m | €0.6m | ▲ 13.7% |
| Recurring financial charges65 | €0.002m | €0.001m | €0.003m | €0.002m | €182 | €0.05m | €0.07m | €0.4m | ▲ 441% |
| Non-recurring financial charges66B | - | - | - | €0 | - | €0.02m | €0.5m | €0.2m | ▼ 47.7% |
| Profit (loss) for the period before taxes9903 | €0.007m | €0.05m | €0.04m | -€0.003m | -€0.05m | €2.0m | €1.3m | €0.7m | ▼ 45.4% |
| Transfer from deferred taxes780 | - | - | - | €0 | - | - | - | - | - |
| Transfer to deferred taxes680 | - | - | - | €0 | - | - | - | - | - |
| Income taxes67/77 | €0.003m | €0.004m | €0.02m | €0.003m | - | €0.01m | €183 | - | - |
| Profit (loss) for the period9904 | €0.004m | €0.05m | €0.02m | -€0.006m | -€0.05m | €2.0m | €1.3m | €0.7m | ▼ 45.3% |
| Transfer from tax-exempt reserves789 | - | - | - | €0 | - | - | - | - | - |
| Transfer to tax-exempt reserves689 | - | - | - | €0 | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €0.004m | €0.05m | €0.02m | -€0.006m | -€0.05m | €2.0m | €1.3m | €0.7m | ▼ 45.3% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €0.2m | €0.3m | €0.2m | €1.0m | €4.1m | €5.2m | €5.8m | €13.2m | ▲ 128% |
| Formation expenses20 | - | - | - | - | - | - | - | €0.05m | - |
| Fixed assets21/28 | €0.06m | €0.03m | €0.02m | €0.8m | €2.4m | €2.9m | €3.3m | €12.0m | ▲ 262% |
| Intangible fixed assets21 | - | - | - | €0.8m | €2.4m | €2.9m | €3.3m | €3.9m | ▲ 20.1% |
| Tangible fixed assets22/27 | €0.06m | €0.03m | €0.02m | €0.02m | €0.01m | €0.02m | €0.01m | €0.02m | ▲ 8.0% |
| Land and buildings22 | - | - | - | €0.002m | €0.001m | €0.001m | €0.001m | €0.001m | ▼ 16.6% |
| Plant, machinery and equipment23 | - | - | - | €0 | - | - | - | - | - |
| Furniture and vehicles24 | - | - | - | €0.02m | €0.01m | €0.02m | €0.01m | €0.02m | ▲ 9.8% |
| Leasing and similar rights25 | - | - | - | €0 | - | - | - | - | - |
| Other tangible fixed assets26 | - | - | - | €0 | - | - | - | - | - |
| Assets under construction and advance payments27 | - | - | - | €0 | - | - | - | - | - |
| Financial fixed assets28 | €51 | €51 | €51 | €51 | €0.01m | €0.01m | €0.01m | €8.0m | ▲ 674× |
| Current assets29/58 | €0.2m | €0.2m | €0.2m | €0.2m | €1.7m | €2.3m | €2.5m | €1.2m | ▼ 50.9% |
| Amounts receivable after more than one year29 | - | - | - | €0 | - | - | - | - | - |
| Trade receivables290 | - | - | - | €0 | - | - | - | - | - |
| Other amounts receivable291 | - | - | - | €0 | - | - | - | - | - |
| Stocks and contracts in progress3 | - | - | - | €0 | - | - | - | - | - |
| Stocks30/36 | - | - | - | €0 | - | - | - | - | - |
| Contracts in progress37 | - | - | - | €0 | - | - | - | - | - |
| Amounts receivable within one year40/41 | €0.1m | €0.1m | €0.02m | €0.09m | €1.4m | €2.3m | €2.5m | €1.1m | ▼ 54.4% |
| Trade receivables40 | - | - | - | €0.09m | €1.4m | €1.8m | €0.5m | €0.4m | ▼ 19.0% |
| Other amounts receivable41 | - | - | - | €462 | €0.04m | €0.5m | €2.0m | €0.7m | ▼ 63.1% |
| Current investments50/53 | - | - | - | €0 | - | - | - | - | - |
| Cash at bank and in hand54/58 | €0.05m | €0.1m | €0.2m | €0.1m | €0.3m | €0.001m | €0.02m | €0.007m | ▼ 57.8% |
| Deferred charges and accrued income490/1 | - | - | - | €0.05m | €0.005m | - | - | €0.09m | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €0.2m | €0.3m | €0.2m | €1.0m | €4.1m | €5.2m | €5.8m | €13.2m | ▲ 128% |
| Equity10/15 | €0.02m | €0.02m | €0.05m | €0.04m | -€0.009m | €1.4m | €2.5m | €3.2m | ▲ 27.6% |
| Contributions10/11 | €0.006m | €0.006m | - | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Revaluation surpluses12 | - | - | - | €0 | - | - | - | - | - |
| Reserves13 | €0.02m | €0.02m | €0.04m | €0.04m | €0.04m | €1.4m | €2.5m | €3.2m | ▲ 27.7% |
| Non-distributable reserves130/1 | - | - | - | €0.002m | €0.002m | €0.002m | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €0.002m | €0.002m | €0.002m | - | - | - |
| Own shares acquired1312 | - | - | - | €0 | - | - | - | - | - |
| Financial assistance1313 | - | - | - | €0 | - | - | - | - | - |
| Other1319 | - | - | - | €0 | - | - | - | - | - |
| Tax-exempt reserves132 | - | - | - | €0 | - | - | - | - | - |
| Distributable reserves133 | - | - | - | €0.04m | €0.04m | €1.4m | €2.5m | €3.2m | ▲ 27.7% |
| Profit (loss) carried forward14 | - | €27 | €27 | -€0.006m | -€0.05m | - | - | - | - |
| Investment grants15 | - | - | - | €0 | - | - | - | - | - |
| Advance to shareholders on the distribution of net assets19 | - | - | - | €0 | - | - | - | - | - |
| Provisions and deferred taxes16 | - | - | - | €0 | - | - | - | - | - |
| Provisions for liabilities and charges160/5 | - | - | - | €0 | - | - | - | - | - |
| Pensions and similar obligations160 | - | - | - | €0 | - | - | - | - | - |
| Taxes161 | - | - | - | €0 | - | - | - | - | - |
| Major repairs and maintenance162 | - | - | - | €0 | - | - | - | - | - |
| Environmental obligations163 | - | - | - | €0 | - | - | - | - | - |
| Other liabilities and charges164/5 | - | - | - | €0 | - | - | - | - | - |
| Deferred taxes168 | - | - | - | €0 | - | - | - | - | - |
| Amounts payable17/49 | €0.2m | €0.2m | €0.2m | €1.0m | €4.1m | €3.8m | €3.3m | €10.0m | ▲ 205% |
| Amounts payable after more than one year17 | €0.03m | €0.03m | €0.03m | €0 | - | - | - | €6.0m | - |
| Financial debts170/4 | - | - | - | €0 | - | - | - | €6.0m | - |
| Trade debts175 | - | - | - | €0 | - | - | - | - | - |
| Advances received on contracts in progress176 | - | - | - | €0 | - | - | - | - | - |
| Other amounts payable178/9 | - | - | - | €0 | - | - | - | - | - |
| Amounts payable within one year42/48 | €0.2m | €0.2m | €0.1m | €1.0m | €3.2m | €3.8m | €3.3m | €4.0m | ▲ 22.5% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0 | - | - | - | €1.3m | - |
| Financial debts43 | - | - | - | €0 | - | - | - | €0.07m | - |
| Credit institutions430/8 | - | - | - | €0 | - | - | - | €0.07m | - |
| Other loans439 | - | - | - | €0 | - | - | - | - | - |
| Trade debts44 | €0.05m | €0.04m | €0.03m | €0.08m | €1.5m | €1.5m | €0.9m | €0.6m | ▼ 37.3% |
| Suppliers440/4 | - | - | - | €0.08m | €1.5m | €1.5m | €0.9m | €0.6m | ▼ 37.3% |
| Bills of exchange payable441 | - | - | - | €0 | - | - | - | - | - |
| Advances received on contracts in progress46 | - | - | - | €0 | - | - | - | - | - |
| Taxes, remuneration and social security45 | - | - | - | €0.2m | €0.09m | €0.1m | €0.09m | €0.08m | ▼ 3.3% |
| Taxes450/3 | - | - | - | €0.04m | €0.02m | €0.04m | €0.01m | €183 | ▼ 98.4% |
| Remuneration and social security454/9 | - | - | - | €0.1m | €0.07m | €0.1m | €0.07m | €0.08m | ▲ 11.9% |
| Other amounts payable47/48 | - | - | - | €0.8m | €1.6m | €2.2m | €2.3m | €2.0m | ▼ 14.8% |
| Accrued charges and deferred income492/3 | - | - | - | €0 | €0.9m | - | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.004m | €0.05m | €0.02m | -€0.006m | -€0.05m | €2.0m | €1.3m | €0.7m | ▼ 45.3% |
| + Depreciation and write-downs630 | €0.04m | €0.03m | €0.01m | €0.01m | €0.2m | €0.4m | €0.6m | €0.9m | ▲ 40.3% |
| Operating cash flow (approximation) | €0.05m | €0.08m | €0.03m | €0.007m | €0.2m | €2.4m | €1.9m | €1.6m | ▼ 17.3% |
| Investment in fixed assets (approximation) | - | -€0.003m | -€0.005m | -€0.8m | -€1.9m | -€1.0m | -€1.0m | -€9.5m | ▼ 865% |
| Change in cash | - | €0.08m | €0.04m | -€0.06m | €0.2m | -€0.3m | €0.02m | -€0.01m | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 24 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 16-07-2026 | 2026-00307761 |
| 31-12-2024 | abbreviated format | 24-07-2025 | 2025-00311921 |
| 31-12-2023 | abbreviated format | 06-12-2024 | 2024-00613323 |
| 31-12-2022 | abbreviated format | 26-10-2023 | 2023-00497720 |
| 31-12-2021 | abbreviated format | 25-07-2022 | 2022-20226835 |
| 31-12-2020 | micro format | 27-08-2021 | 2021-55600117 |
| 31-12-2019 | micro format | 09-10-2020 | 2020-60800072 |
| 31-12-2018 | micro format | 30-08-2019 | 2019-60100466 |
| 31-12-2017 | micro format | 31-08-2018 | 2018-59200200 |
| 31-12-2016 | micro format | 31-08-2017 | 2017-56100229 |
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Of the 16,990 active companies whose main activity is computer programming (NACE 62100), figures are known for 8,968. 1,888 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.