ZERRAC SYSTEM
ActiveSummary
ZERRAC SYSTEM has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €106k and a net result of €18k. Equity is growing by ~23% per year across the filed fiscal years. Its solvency ranks better than 57% of 27965 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability80▼-1
Solvency79▲+7
Growth78=
Track record100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity ample (current ratio 4.72 against 4.72 in 2024; short-term debt: 21.1% and cash: 10.6% of total assets), and 46.4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five 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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more 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
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 29-10-2025, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
39 d late
2023
8 d late
2022
53 d late
2021
87 d late
2020
25 d late
2019
40 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close25-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, micro schema
Equity
€106k▲ 20.3%
2024 · €88k
2019: €31klowest in 7 years
2020: €36k▲ +16.9% vs 2019
2021: €56k▲ +56.8% vs 2020
2022: €60k▲ +6.3% vs 2021
2023: €70k▲ +16.3% vs 2022
2024: €88k▲ +27.0% vs 2023
2025: €106k▲ +20.3% vs 2024highest in 7 years
2019 → 2025
Total assets
€198k▲ 5.4%
2024 · €188k
2019: €168k
2020: €160k▼ -4.5% vs 2019lowest in 7 years
2021: €166k▲ +3.6% vs 2020
2022: €235k▲ +41.3% vs 2021highest in 7 years
2023: €210k▼ -10.6% vs 2022
2024: €188k▼ -10.5% vs 2023
2025: €198k▲ +5.4% vs 2024
2019 → 2025
Net result
€18k▼ 4.6%
2024 · €19k
2019: €2klowest in 7 years
2020: €5k▲ +121% vs 2019
2021: €20k▲ +292% vs 2020highest in 7 years
2022: €4k▼ -82.5% vs 2021
2023: €10k▲ +174% vs 2022
2024: €19k▲ +92.3% vs 2023
2025: €18k▼ -4.6% vs 2024
2019 → 2025
Working capital
€156k▲ 6.0%
2024 · €147k
2019: €136k
2020: €133k▼ -1.7% vs 2019lowest in 7 years
2021: €138k▲ +3.3% vs 2020
2022: €135k▼ -2.0% vs 2021
2023: €137k▲ +1.3% vs 2022
2024: €147k▲ +7.5% vs 2023
2025: €156k▲ +6.0% vs 2024highest in 7 years
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€56k-€60k▲ 6.3%€70k▲ 16.3%€88k▲ 27.0%€106k▲ 20.3%
2021: €56klowest in 5 years
2022: €60k▲ +6.3% vs 2021
2023: €70k▲ +16.3% vs 2022
2024: €88k▲ +27.0% vs 2023
2025: €106k▲ +20.3% vs 2024highest in 5 years
Operating result€24k-€-1k€13k€28k▲ 114%€26k▼ 7.2%
2021: €24k
2022: €-1k▼ -105% vs 2021lowest in 5 years
2023: €13k▲ +1231% vs 2022
2024: €28k▲ +114% vs 2023highest in 5 years
2025: €26k▼ -7.2% vs 2024
Net result€20k-€4k▼ 82.5%€10k▲ 174%€19k▲ 92.3%€18k▼ 4.6%
2021: €20khighest in 5 years
2022: €4k▼ -82.5% vs 2021lowest in 5 years
2023: €10k▲ +174% vs 2022
2024: €19k▲ +92.3% vs 2023
2025: €18k▼ -4.6% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 7% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €198k
Fixed assets
€412 ▼ 68.2%
Current assets
€198k ▲ 5.9%
Equity and liabilities €198k
Equity
€106k ▲ 20.3%
Debt
€92k ▼ 7.7%
Debt's share of the balance-sheet total falls from 53.0% to 46.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€27k▼
2024 · €29k
Cash flow
€19k▼
2024 · €20k
Current ratio
4.72▲
2024 · 4.72
Quick ratio
1.91▼
2024 · 2.10
Debt to equity
0.86▼
2024 · 1.13
ROE
16.9%▼
2024 · 21.2%
ROA
9.0%▼
2024 · 10.0%
Interest coverage
13.69▲
2024 · 6.52
Debt ≤ 1 year
€42k▲
2024 · €40k
Debt > 1 year
€50k▼
2024 · €60k
Income taxes
€10k▲
2024 · €8k
Staff costs
€94k▼
2024 · €99k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 51 lines
Balance sheet
Code20242025
Assets
Total assets20/58€188k€198k▲
Fixed assets21/28€1k€412▼
Tangible fixed assets22/27€1k€139▼
Furniture and vehicles24€662-
Other tangible fixed assets26€362€139▼
Financial fixed assets28€273€273=
Current assets29/58€187k€198k▲
Stocks and contracts in progress3€104k€118k▲
Stocks30/36€104k€118k▲
Amounts receivable within one year40/41€68k€54k▼
Trade receivables40€66k€54k▼
Other amounts receivable41€2k-
Cash at bank and in hand54/58€13k€21k▲
Deferred charges and accrued income490/1€2k€5k▲
Equity and liabilities
Total equity and liabilities10/49€188k€198k▲
Equity10/15€88k€106k▲
Contributions10/11€6k€6k=
Reserves13€9k€27k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€7k€7k=
Distributable reserves133-€18k
Profit (loss) carried forward14€73k€73k=
Amounts payable17/49€100k€92k▼
Amounts payable after more than one year17€60k€50k▼
Other amounts payable178/9€60k€50k▼
Amounts payable within one year42/48€40k€42k▲
Trade debts44€22k€15k▼
Suppliers440/4€22k€15k▼
Taxes, remuneration and social security45€12k€18k▲
Taxes450/3€8k€13k▲
Remuneration and social security454/9€4k€5k▲
Other amounts payable47/48€5k€9k▲
Income statement
Code20242025
Remuneration, social security and pensions62€99k€94k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€884▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-1k-
Other operating charges640/8€9k€7k▼
Gross operating margin9900€136k€128k▼
Operating profit (loss)9901€28k€26k▼
Financial income75/76B€3k€4k▲
Recurring financial income75€3k€4k▲
Financial charges65/66B€5k€2k▼
Recurring financial charges65€5k€2k▼
Profit (loss) for the period before taxes9903€27k€28k▲
Income taxes67/77€8k€10k▲
Profit (loss) for the period9904€19k€18k▼
Profit (loss) for the period to be appropriated9905€19k€18k▼
Appropriation of the result
Profit (loss) to be appropriated9906€73k€91k▲
Profit (loss) brought forward from the previous period14P€54k€73k▲
Transfer to equity691/2-€18k
To other reserves6921-€18k
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €47k | €77k | €99k | €94k | ▼ 5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1k | €1k | €2k | €1k | €884 | ▼ 39.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €3k | €-1k | - | - |
| Other operating charges640/8 | - | €6k | €11k | €9k | €7k | ▼ 19.7% |
| Non-recurring operating charges66A | - | €656 | - | - | - | - |
| Gross operating margin9900 | €61k | €54k | €105k | €136k | €128k | ▼ 5.9% |
| Operating profit (loss)9901 | €24k | €-1k | €13k | €28k | €26k | ▼ 7.2% |
| Financial income75/76B | - | €10k | €4k | €3k | €4k | ▲ 14.7% |
| Recurring financial income75 | €5k | €10k | €4k | €3k | €4k | ▲ 14.7% |
| Financial charges65/66B | - | €4k | €4k | €5k | €2k | ▼ 56.6% |
| Recurring financial charges65 | €3k | €4k | €4k | €5k | €2k | ▼ 56.6% |
| Profit (loss) for the period before taxes9903 | €26k | €5k | €13k | €27k | €28k | ▲ 3.9% |
| Income taxes67/77 | €6k | €2k | €3k | €8k | €10k | ▲ 23.2% |
| Profit (loss) for the period9904 | €20k | €4k | €10k | €19k | €18k | ▼ 4.6% |
| Profit (loss) for the period to be appropriated9905 | €20k | €4k | €10k | €19k | €18k | ▼ 4.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €166k | €235k | €210k | €188k | €198k | ▲ 5.4% |
| Fixed assets21/28 | €3k | €5k | €3k | €1k | €412 | ▼ 68.2% |
| Intangible fixed assets21 | €0 | - | - | - | - | - |
| Tangible fixed assets22/27 | €3k | €5k | €2k | €1k | €139 | ▼ 86.4% |
| Plant, machinery and equipment23 | - | €550 | €137 | - | - | - |
| Furniture and vehicles24 | - | €3k | €2k | €662 | - | - |
| Other tangible fixed assets26 | - | €1k | €788 | €362 | €139 | ▼ 61.4% |
| Financial fixed assets28 | €273 | €273 | €273 | €273 | €273 | = |
| Current assets29/58 | €162k | €230k | €207k | €187k | €198k | ▲ 5.9% |
| Stocks and contracts in progress3 | €120k | €125k | €122k | €104k | €118k | ▲ 13.5% |
| Stocks30/36 | - | €125k | €122k | €104k | €118k | ▲ 13.5% |
| Amounts receivable within one year40/41 | €24k | €100k | €73k | €68k | €54k | ▼ 20.9% |
| Trade receivables40 | - | €89k | €65k | €66k | €54k | ▼ 18.2% |
| Other amounts receivable41 | - | €10k | €8k | €2k | - | - |
| Cash at bank and in hand54/58 | €18k | €5k | €11k | €13k | €21k | ▲ 57.3% |
| Deferred charges and accrued income490/1 | - | - | €1k | €2k | €5k | ▲ 203% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €166k | €235k | €210k | €188k | €198k | ▲ 5.4% |
| Equity10/15 | €56k | €60k | €70k | €88k | €106k | ▲ 20.3% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Capital10 | - | €6k | €6k | - | - | - |
| Issued capital100 | - | €19k | €19k | - | - | - |
| Uncalled capital101 | - | €12k | €12k | - | - | - |
| Reserves13 | €9k | €9k | €9k | €9k | €27k | ▲ 202% |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Legal reserve130 | - | €2k | €2k | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €2k | €2k | = |
| Tax-exempt reserves132 | - | €7k | €7k | €7k | €7k | = |
| Distributable reserves133 | - | - | - | - | €18k | - |
| Profit (loss) carried forward14 | €41k | €45k | €54k | €73k | €73k | = |
| Amounts payable17/49 | €110k | €175k | €140k | €100k | €92k | ▼ 7.7% |
| Amounts payable after more than one year17 | €85k | €80k | €70k | €60k | €50k | ▼ 16.7% |
| Other amounts payable178/9 | - | €80k | €70k | €60k | €50k | ▼ 16.7% |
| Amounts payable within one year42/48 | €25k | €95k | €70k | €40k | €42k | ▲ 5.8% |
| Financial debts43 | - | €60k | - | - | - | - |
| Credit institutions430/8 | - | €60k | - | - | - | - |
| Trade debts44 | €16k | €19k | €58k | €22k | €15k | ▼ 31.8% |
| Suppliers440/4 | - | €19k | €58k | €22k | €15k | ▼ 31.8% |
| Taxes, remuneration and social security45 | - | €10k | €8k | €12k | €18k | ▲ 43.6% |
| Taxes450/3 | - | €6k | €5k | €8k | €13k | ▲ 54.8% |
| Remuneration and social security454/9 | - | €4k | €3k | €4k | €5k | ▲ 19.6% |
| Other amounts payable47/48 | - | €5k | €4k | €5k | €9k | ▲ 80.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €20k | €4k | €10k | €19k | €18k | ▼ 4.6% |
| + Depreciation and write-downs630 | €1k | €1k | €2k | €1k | €884 | ▼ 39.9% |
| Operating cash flow (approximation) | €22k | €5k | €12k | €20k | €19k | ▼ 7.1% |
| Investment in fixed assets (approximation) | - | €-3k | €0 | €0 | €0 | - |
| Change in cash | - | €-13k | €6k | €2k | €8k | ▲ 249% |
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
2025
29-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
31-03
Financial
Equity above €100kEq €106k ▲20.3%
7 profitable years in a row build equity to €106k.
2024
09-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 39 days late
2023
08-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 8 days late
2022
23-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 53 days late
26-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 87 days late
2021
31-03
Financial
Highest result since 2019net €20k ▲292%
Net result €20k, the highest in the series.
2020
25-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 25 days late
2019
10-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 40 days late
2018
05-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 5 days late
2017
31-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
03-11
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 3 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Ellezelles · 2 establishment units since 2012
Ground area
550 m²
Building footprint
172 m²
Volume, LiDAR
1,381 m³
3 parcels, Wallonia · tallest building 13.2 m, ±4 floors. Linked by address, not a title deed.
2 establishment units
ZERRAC SYSTEM
since 20122.211.344.533
ZERRAC SYSTEM
since 20122.211.344.632
3 parcels
Wallonia
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 51017D1018/00E002 | Wallonia | 290 m² | 1 · 18 m² | - |
| 55023D0522/00F000 | Wallonia | 167 m² | 1 · 55 m² | 13.2 m · 4 fl. |
| 51017C0791/00E002 | Wallonia | 93 m² | 1 · 99 m² | 9.4 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteLessines2.211.344.632
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Of 22,832 companies in sector 43211 we hold annual accounts for 10,326. 8,776 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
Founded28-06-2012
Fiscal year end31-03
Activities, NACEBEL 2025
43211General electrical installation work
43212Electrical installation work in industrial facilities
47540Retail sale of electrical household appliances
Scores and ratios are computed by Checked and are not a credit decision.