ZERPA
ActiveSummary
ZERPA has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €499,326 and a net result of €68,250. Equity is growing by ~24.8% per year across the filed fiscal years. Its solvency ranks better than 84% of 732 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability82▼-7
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40,000 at 30 days acceptable
Liquidity ample (current ratio 3.6 against 3.78 in 2024; short-term debt: 16.1% and cash: 34.4% of total assets), and 23.8% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 52
Relative position
BE, all sectors
reference
Warehousing and support activities for transportation (NACE 52)
about 72% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
76.2%
Return on assets
10.4%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 08-04-2026, 22 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
22 d early
2024
28 d early
2023
24 d early
2022
11 d early
2021
8 d early
2020
21 d early
2019
16 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 19 days before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 8 April (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€499,326▲ 4.9%
2024 · €476,076
Total assets
€654,946▲ 6.5%
2024 · €615,249
Net result
€68,250▼ 32.2%
2024 · €100,647
Working capital
€275,128▲ 13.3%
2024 · €242,896
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 52, Warehousing and support activities for transportation, 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
Line20212022202320242025
Operating result€49,899▼ 2.0%€116,723▲ 134%€167,187▲ 43.2%€156,206▼ 6.6%€97,726▼ 37.4%
Net result€33,750within the sector's middle half▼ 4.5%€79,850above the sector's middle half▲ 137%€119,190within the sector's middle half▲ 49.3%€100,647within the sector's middle half▼ 15.6%€68,250within the sector's middle half▼ 32.2%
Equity€231,564above the sector's middle half▲ 17.1%€311,414above the sector's middle half▲ 34.5%€397,429within the sector's middle half▲ 27.6%€476,076within the sector's middle half▲ 19.8%€499,326within the sector's middle half▲ 4.9%
Total assets€437,872within the sector's middle half▲ 25.7%€513,746above the sector's middle half▲ 17.3%€543,796below the sector's middle half▲ 5.8%€615,249below the sector's middle half▲ 13.1%€654,946within the sector's middle half▲ 6.5%
Debt€206,308▲ 37.0%€202,331▼ 1.9%€146,367▼ 27.7%€139,173▼ 4.9%€155,621▲ 11.8%
Working capital€269,931above the sector's middle half▲ 12.3%€350,150above the sector's middle half▲ 29.7%€155,312within the sector's middle half▼ 55.6%€242,896within the sector's middle half▲ 56.4%€275,128within the sector's middle half▲ 13.3%
Solvency52.9%within the sector's middle half▼ 3.9pp60.6%within the sector's middle half▲ 7.7pp73.1%above the sector's middle half▲ 12.5pp77.4%above the sector's middle half▲ 4.3pp76.2%above the sector's middle half▼ 1.1pp
Current ratio2.86within the sector's middle half▼ 0.563.43above the sector's middle half▲ 0.572.70above the sector's middle half▼ 0.733.78above the sector's middle half▲ 1.083.60above the sector's middle half▼ 0.18
Return on assets (ROA)7.7%within the sector's middle half▼ 2.4pp15.5%within the sector's middle half▲ 7.8pp21.9%above the sector's middle half▲ 6.4pp16.4%above the sector's middle half▼ 5.6pp10.4%within the sector's middle half▼ 5.9pp
Staff (FTE)1.8▼ 5.3%1.8=2within the sector's middle half▲ 11.1%2within the sector's middle half=1.2within the sector's middle half▼ 40.0%
above
within
below
the middle half (P25 to P75) of NACE 52, Warehousing and support activities for transportation, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 37% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €654,946
Fixed assets
€274,198 ▼ 3.8%
Current assets
€380,749 ▲ 15.3%
Equity and liabilities €654,946
Equity
€499,326 ▲ 4.9%
Debt
€155,621 ▲ 11.8%
Debt's share of the balance-sheet total rises from 22.6% to 23.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€109,448▼
2024 · €168,255
Cash flow
€79,972▼
2024 · €112,695
Debt to equity
0.31▲
2024 · 0.29
ROE
13.7%▼
2024 · 21.1%
Interest coverage
30.13▼
2024 · 140.81
Debt ≤ 1 year
€105,621▲
2024 · €87,339
Debt > 1 year
€50,000▼
2024 · €51,833
Income taxes
€26,186▼
2024 · €54,488
Staff costs
€66,409▼
2024 · €66,764
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,679 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
3.8%
stopped otherwise
95%
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 0.8% 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%.
| 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 34,679 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €3,957 | - | - | - | - | - |
| Remuneration, social security and pensions62 | €88,406 | €85,895 | €76,153 | €66,764 | €66,409 | ▼ 0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,298 | €5,540 | €7,821 | €12,048 | €11,722 | ▼ 2.7% |
| Other operating charges640/8 | €1,048 | €1,225 | €1,790 | €2,132 | €1,962 | ▼ 8.0% |
| Non-recurring operating charges66A | €239 | €80 | €3,481 | €121 | €182 | ▲ 50.5% |
| Gross operating margin9900 | €143,890 | €209,465 | €256,432 | €237,271 | €178,000 | ▼ 25.0% |
| Operating profit (loss)9901 | €49,899 | €116,723 | €167,187 | €156,206 | €97,726 | ▼ 37.4% |
| Financial income75/76B | €18 | €409 | €200 | €123 | €342 | ▲ 177% |
| Recurring financial income75 | €18 | €409 | €200 | €123 | €342 | ▲ 177% |
| Financial charges65/66B | €1,452 | €2,744 | €1,753 | €1,195 | €3,633 | ▲ 204% |
| Recurring financial charges65 | €1,452 | €2,744 | €1,753 | €1,195 | €3,633 | ▲ 204% |
| Profit (loss) for the period before taxes9903 | €48,465 | €114,389 | €165,634 | €155,135 | €94,435 | ▼ 39.1% |
| Income taxes67/77 | €14,714 | €34,539 | €46,444 | €54,488 | €26,186 | ▼ 51.9% |
| Profit (loss) for the period9904 | €33,750 | €79,850 | €119,190 | €100,647 | €68,250 | ▼ 32.2% |
| Profit (loss) for the period to be appropriated9905 | €33,750 | €79,850 | €119,190 | €100,647 | €68,250 | ▼ 32.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €437,872 | €513,746 | €543,796 | €615,249 | €654,946 | ▲ 6.5% |
| Fixed assets21/28 | €22,679 | €19,279 | €297,061 | €285,013 | €274,198 | ▼ 3.8% |
| Tangible fixed assets22/27 | €21,179 | €17,779 | €297,061 | €285,013 | €274,198 | ▼ 3.8% |
| Land and buildings22 | - | - | €278,163 | €272,013 | €265,863 | ▼ 2.3% |
| Plant, machinery and equipment23 | €2,008 | €1,147 | €2,321 | €1,614 | €2,000 | ▲ 23.9% |
| Furniture and vehicles24 | €19,171 | €16,632 | €16,577 | €11,385 | €6,334 | ▼ 44.4% |
| Financial fixed assets28 | €1,500 | €1,500 | - | - | - | - |
| Current assets29/58 | €415,193 | €494,467 | €246,735 | €330,236 | €380,749 | ▲ 15.3% |
| Amounts receivable within one year40/41 | €142,811 | €157,599 | €133,098 | €118,451 | €140,217 | ▲ 18.4% |
| Trade receivables40 | €139,270 | €157,599 | €112,861 | €103,806 | €116,326 | ▲ 12.1% |
| Other amounts receivable41 | €3,541 | - | €20,238 | €14,645 | €23,891 | ▲ 63.1% |
| Current investments50/53 | €6,634 | €10,780 | €10,780 | €10,780 | €10,780 | = |
| Cash at bank and in hand54/58 | €265,748 | €324,046 | €100,433 | €196,411 | €225,170 | ▲ 14.6% |
| Deferred charges and accrued income490/1 | - | €2,042 | €2,423 | €4,594 | €4,581 | ▼ 0.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €437,872 | €513,746 | €543,796 | €615,249 | €654,946 | ▲ 6.5% |
| Equity10/15 | €231,564 | €311,414 | €397,429 | €476,076 | €499,326 | ▲ 4.9% |
| Contributions10/11 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | €180,925 | €259,925 | €344,750 | €421,750 | €444,750 | ▲ 5.5% |
| Non-distributable reserves130/1 | €2,000 | €2,000 | - | - | - | - |
| Reserves not available under the articles1311 | €2,000 | €2,000 | - | - | - | - |
| Tax-exempt reserves132 | €18,750 | €18,750 | €18,750 | €18,750 | €18,750 | = |
| Distributable reserves133 | €160,175 | €239,175 | €326,000 | €403,000 | €426,000 | ▲ 5.7% |
| Profit (loss) carried forward14 | €30,639 | €31,489 | €32,679 | €34,326 | €34,576 | ▲ 0.7% |
| Amounts payable17/49 | €206,308 | €202,331 | €146,367 | €139,173 | €155,621 | ▲ 11.8% |
| Amounts payable after more than one year17 | €61,046 | €58,014 | €54,944 | €51,833 | €50,000 | ▼ 3.5% |
| Financial debts170/4 | €61,046 | €58,014 | €54,944 | €51,833 | €50,000 | ▼ 3.5% |
| Amounts payable within one year42/48 | €145,262 | €144,317 | €91,423 | €87,339 | €105,621 | ▲ 20.9% |
| Current portion of amounts payable after more than one year42 | €4,244 | €3,032 | €3,071 | €3,111 | €1,833 | ▼ 41.1% |
| Trade debts44 | €91,202 | €85,971 | €61,274 | €65,542 | €85,992 | ▲ 31.2% |
| Suppliers440/4 | €91,202 | €85,971 | €61,274 | €65,542 | €85,992 | ▲ 31.2% |
| Taxes, remuneration and social security45 | €25,893 | €35,181 | €20,913 | €17,747 | €14,881 | ▼ 16.2% |
| Taxes450/3 | €14,838 | €24,654 | €11,800 | €9,900 | €6,800 | ▼ 31.3% |
| Remuneration and social security454/9 | €11,055 | €10,526 | €9,113 | €7,847 | €8,081 | ▲ 3.0% |
| Other amounts payable47/48 | €23,922 | €20,135 | €6,166 | €939 | €2,916 | ▲ 210% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €33,750 | €79,850 | €119,190 | €100,647 | €68,250 | ▼ 32.2% |
| + Depreciation and write-downs630 | €4,298 | €5,540 | €7,821 | €12,048 | €11,722 | ▼ 2.7% |
| Operating cash flow (approximation) | €38,049 | €85,390 | €127,012 | €112,695 | €79,972 | ▼ 29.0% |
| Investment in fixed assets (approximation) | - | -€2,140 | -€285,604 | €0 | -€907 | - |
| Change in cash | - | €58,298 | -€223,613 | €95,978 | €28,759 | ▼ 70.0% |
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
Next filing, fiscal year 2026, expected by
2026
08-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
02-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
06-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-09
Financial
Highest result since 2018net €119,190 ▲49.3%
Operating result €167,187, net result €119,190, both a record.
19-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
22-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Equity above €200,000Eq €231,564 ▲17.1%
4 profitable years in a row build equity to €231,564.
09-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
14-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-09
Financial
Equity above €150,000Eq €162,471 ▲62.8%
2 profitable years in a row build equity to €162,471.
20-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
23-03
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Sint-Lievens-Houtem · 1 establishment unit since 2015
Ground area
2,306 m²
Building footprint
381 m²
Volume, LiDAR
913 m³
2 parcels, Flanders · tallest building 7.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Zerpa
since 20152.248.790.788
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41036B0268/00H002 | Flanders | 1,655 m² | 1 · 185 m² | 7.4 m · 2 fl. |
| 37009A0797/00D000 | Flanders | 651 m² | 1 · 196 m² | 1.6 m |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 3,187 companies in sector 52250 we hold annual accounts for 1,963. 1,377 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 (pre-2019)
Founded18-12-2015
Fiscal year end30-09
Activities, NACEBEL 2025
52250Logistics services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0644674272
Also
9925:BE0644674272
Registered
22-04-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.