ZET

Active

Private limited companyfounded 201115 yrs activeNieuwstraat 152, 3590 Diepenbeek, BelgiumKBO/BCE: BE 0835.012.424

ZET has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €498k and a net result of €68k. Equity is growing by ~14.7% per year across the filed fiscal years. Its solvency ranks better than 28% of 7446 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).

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Checked score

Score 2024

60 / 100

Healthy

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability66▲+18

Solvency52▲+5

Growth78=

Track record100

Bankruptcy probability, 12 months

0.9% Low

0%0.5%1.5%4%10%≥ 25%

Credit up to €25k at 30 days acceptable

Liquidity tight (current ratio 1.04 against 1.03 in 2023; short-term debt: 36.7% and cash: 6% of total assets), and 73.4% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Four signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

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

Sector 43

higher

← fewer bankruptcies more bankruptcies →

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 11-08-2025, 11 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.

NBB · 10 filings

Deviation from the deadline

2025

not confirmed

2024

11 d late

2023

13 d late

2022

11 d late

2021

12 d late

2020

15 d early

2019

7 d early

← before the deadline after the deadline →

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

Financials · fiscal year 2024, abbreviated schema

Equity

€498k▲ 15.8%

2023 · €430k

2018: €171k 2019: €215k 2020: €310k 2021: €364k 2022: €400k 2023: €430k

2018 → 2024

Total assets

€1.87M▼ 3.7%

2023 · €1.94M

2018: €1.29M 2019: €1.39M 2020: €1.43M 2021: €1.49M 2022: €1.74M 2023: €1.94M

2018 → 2024

Net result

€68k▲ 128%

2023 · €30k

2018: €11k 2019: €42k 2020: €148k 2021: €53k 2022: €36k 2023: €30k

2018 → 2024

Working capital

€30k▲ 54.5%

2023 · €19k

2018: €-45k 2019: €17k 2020: €80k 2021: €52k 2022: €80k 2023: €19k

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€310k-€364k▲ 17.2%€400k▲ 9.9%€430k▲ 7.5%€498k▲ 15.8%

Operating result€215k-€84k▼ 60.8%€69k▼ 18.9%€79k▲ 14.7%€148k▲ 88.2%

Net result€148k-€53k▼ 63.8%€36k▼ 32.6%€30k▼ 17.0%€68k▲ 128%

Turnover and EBIT margin not published: the abbreviated schema does not require them.

Result per fiscal year

Operating resultNet result

After the dip in 2022 the operating result has climbed two years in a row; 2024 is 88% above 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €1.87M

61.7%

38.3%

Fixed assets €1.15M▼ 5.8%

Current assets €717k=

Equity and liabilities €1.87M

26.6%

73.4%

Equity €498k▲ 15.8%

Debt €1.37M▼ 9.2%

The debt ratio falls from 77.9% to 73.4%. Equity is higher and debt is lower.

Key figures and ratios

2024 value · change against 2023

EBITDA

€235k▲

2023 · €160k

Cash flow

€155k▲

2023 · €111k

Solvency

26.6%▲

2023 · 22.1%

Current ratio

1.04▲

2023 · 1.03

Quick ratio

0.84▲

2023 · 0.63

Debt / equity

2.76▼

2023 · 3.52

ROE

13.7%▲

2023 · 7.0%

ROA

3.6%▲

2023 · 1.5%

Interest coverage

5.11▲

2023 · 3.32

Debt

€1.37M▼

2023 · €1.51M

Debt ≤ 1 year

€687k▼

2023 · €698k

Debt > 1 year

€667k▼

2023 · €808k

Income taxes

€36k▲

2023 · €14k

Staff costs

€409k▲

2023 · €351k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€1.94M€1.87M▼

Fixed assets21/28€1.23M€1.15M▼

Intangible fixed assets21€2k€0▼

Tangible fixed assets22/27€1.17M€1.10M▼

Land and buildings22€1.02M€983k▼

Plant, machinery and equipment23€1k€2k▲

Furniture and vehicles24€22k€21k▼

Leasing and similar rights25€131k€98k▼

Financial fixed assets28€50k€50k=

Current assets29/58€717k€717k=

Stocks and contracts in progress3€279k€137k▼

Stocks30/36€279k€137k▼

Amounts receivable within one year40/41€243k€441k▲

Trade receivables40€147k€320k▲

Other amounts receivable41€95k€121k▲

Cash at bank and in hand54/58€181k€113k▼

Deferred charges and accrued income490/1€14k€25k▲

Equity and liabilities

Total equity and liabilities10/49€1.94M€1.87M▼

Equity10/15€430k€498k▲

Contributions10/11€5k€5k=

Reserves13€425k€493k▲

Tax-exempt reserves132€16k€16k=

Distributable reserves133€409k€477k▲

Amounts payable17/49€1.51M€1.37M▼

Amounts payable after more than one year17€808k€667k▼

Financial debts170/4€808k€667k▼

Amounts payable within one year42/48€698k€687k▼

Current portion of amounts payable after more than one year42€164k€141k▼

Financial debts43€285k€256k▼

Credit institutions430/8€285k€256k▼

Trade debts44€215k€246k▲

Suppliers440/4€215k€246k▲

Advances received on contracts in progress46€0-

Taxes, remuneration and social security45€34k€38k▲

Taxes450/3€5k€17k▲

Remuneration and social security454/9€29k€21k▼

Other amounts payable47/48€6€6k▲

Accrued charges and deferred income492/3€7k€20k▲

Income statement Code20232024

Non-recurring operating income76A€0€1k▲

Remuneration, social security and pensions62€351k€409k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€81k€87k▲

Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-1k€-53▲

Other operating charges640/8€12k€10k▼

Non-recurring operating charges66A€10k€470▼

Gross operating margin9900€532k€654k▲

Operating profit (loss)9901€79k€148k▲

Financial income75/76B€14k€3k▼

Recurring financial income75€14k€3k▼

Financial charges65/66B€48k€46k▼

Recurring financial charges65€48k€46k▼

Profit (loss) for the period before taxes9903€44k€105k▲

Income taxes67/77€14k€36k▲

Profit (loss) for the period9904€30k€68k▲

Profit (loss) for the period to be appropriated9905€30k€68k▲

Appropriation of the result

Profit (loss) to be appropriated9906€30k€68k▲

Transfer to equity691/2€30k€68k▲

To other reserves6921€30k€68k▲

Social balance

Average headcount (FTE)90876.87.5▲

The notes to these accounts (22 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 12Financial 2Filings 10

2025

11-08

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema · 11 days late

2024

13-08

NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema · 13 days late

2023

11-08

NBB filing Annual accounts filed

fiscal year 2022 · abbreviated schema · 11 days late

2022

12-08

NBB filing Annual accounts filed

fiscal year 2021 · abbreviated schema · 12 days late

2021

16-07

NBB filing Annual accounts filed

fiscal year 2020 · abbreviated schema

2020

31-12

Financial Highest result since 2018net €148k ▲254%

Operating result €215k, net result €148k, both a record.

24-07

NBB filing Annual accounts filed

fiscal year 2019 · abbreviated schema

2019

31-12

Financial Equity above €200kEq €215k ▲25.8%

2 profitable years in a row build equity to €215k.

04-06

NBB filing Annual accounts filed

fiscal year 2018 · abbreviated schema

2018

08-06

NBB filing Annual accounts filed

fiscal year 2017 · abbreviated schema

2017

28-07

NBB filing Annual accounts filed

fiscal year 2016 · abbreviated schema

2016

26-08

NBB filing Annual accounts filed

fiscal year 2015 · abbreviated schema · 26 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

10 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, Diepenbeek · 1 establishment unit since 2011

establishment The establishment unit on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Nieuwstraat 1523590 Diepenbeek

Ground area

2,009 m²

Building footprint

874 m²

Volume, LiDAR

4,826 m³