ZET U
abbreviatedZUInactiveInactive; last annual accounts for fiscal year 2023.
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 12-07-2024, 19 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2023
19 d early
2022
14 d early
2021
30 d early
2020
25 d early
2019
29 d early
2018
27 d early
2017
36 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2023, abbreviated schema
Equity
€819k▲ 24.4%
2022 · €659k
2018: €831k
2019: €889k
2020: €1.20M
2021: €1.27M
2022: €659k
2018 → 2023
Total assets
€2.14M▲ 32.7%
2022 · €1.61M
2018: €1.66M
2019: €1.62M
2020: €1.95M
2021: €2.18M
2022: €1.61M
2018 → 2023
Net result
€147k
2022 · €-609k
2018: €34k
2019: €59k
2020: €315k
2021: €63k
2022: €-609k
2018 → 2023
Working capital
€373k▲ 12.2%
2022 · €333k
2018: €672k
2019: €769k
2020: €1.08M
2021: €1.15M
2022: €333k
2018 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202120222023Trend
Equity€889k-€1.20M▲ 35.4%€1.27M▲ 5.2%€659k▼ 48.0%€819k▲ 24.4%
Operating result€107k-€319k▲ 200%€66k▼ 79.2%€-605k€149k
Net result€59k-€315k▲ 438%€63k▼ 80.0%€-609k€147k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2023: €149k after a loss of €605k in 2022.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €2.14M
Fixed assets
€446k ▲ 36.8%
Current assets
€1.70M ▲ 31.6%
Equity and liabilities €2.14M
Equity
€819k ▲ 24.4%
Debt
€1.32M ▲ 38.4%
Debt's share of the balance-sheet total rises from 59.2% to 61.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€196k▲
2022 · €-568k
Cash flow
€193k▲
2022 · €-572k
Current ratio
1.28▼
2022 · 1.35
Quick ratio
1.26▼
2022 · 1.31
Debt to equity
1.61▲
2022 · 1.45
ROE
17.9%▲
2022 · -92.4%
ROA
6.8%▲
2022 · -37.7%
Interest coverage
16.74▲
2022 · -42.60
Debt ≤ 1 year
€1.32M▲
2022 · €956k
Staff costs
€2.15M▼
2022 · €3.22M
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 · 2023 against 2022 · 46 lines
Balance sheet
Code20222023
Assets
Total assets20/58€1.61M€2.14M▲
Fixed assets21/28€326k€446k▲
Tangible fixed assets22/27€98k€112k▲
Plant, machinery and equipment23€84k€88k▲
Furniture and vehicles24€1k€6k▲
Other tangible fixed assets26€13k€18k▲
Financial fixed assets28€228k€334k▲
Current assets29/58€1.29M€1.70M▲
Amounts receivable after more than one year29-€30k
Other amounts receivable291-€30k
Stocks and contracts in progress3€35k€31k▼
Stocks30/36€35k€31k▼
Amounts receivable within one year40/41€699k€1.57M▲
Trade receivables40€474k€552k▲
Other amounts receivable41€225k€1.01M▲
Cash at bank and in hand54/58€534k€67k▼
Deferred charges and accrued income490/1€21k€3k▼
Equity and liabilities
Total equity and liabilities10/49€1.61M€2.14M▲
Equity10/15€659k€819k▲
Profit (loss) carried forward14€659k€805k▲
Investment grants15-€14k
Amounts payable17/49€956k€1.32M▲
Amounts payable within one year42/48€956k€1.32M▲
Trade debts44€569k€1.08M▲
Suppliers440/4€569k€1.08M▲
Taxes, remuneration and social security45€335k€146k▼
Taxes450/3€3k€3k▲
Remuneration and social security454/9€332k€143k▼
Accrued charges and deferred income492/3€40-
Income statement
Code20222023
Non-recurring operating income76A€127k-
Remuneration, social security and pensions62€3.22M€2.15M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€37k€47k▲
Other operating charges640/8€68k€50k▼
Non-recurring operating charges66A€600k-
Gross operating margin9900€3.32M€2.39M▼
Operating profit (loss)9901€-605k€149k▲
Financial income75/76B€9k€9k▼
Recurring financial income75€9k€9k▼
Financial charges65/66B€13k€12k▼
Recurring financial charges65€13k€12k▼
Profit (loss) for the period before taxes9903€-609k€147k▲
Profit (loss) for the period9904€-609k€147k▲
Profit (loss) for the period to be appropriated9905€-609k€147k▲
Appropriation of the result
Profit (loss) to be appropriated9906€659k€805k▲
Profit (loss) brought forward from the previous period14P€1.27M€659k▼
Social balance
Average headcount (FTE)9087100.962.9▼
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2024
12-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
21-05
State Gazette act
General meeting · Merger
Accounting effect · Name change
15-04
State Gazette act
General meeting · Director resignation
Director appointment
2023
31-12
Financial
Back to profitnet €147k
Net result €147k after one loss-making year.
23-11
State Gazette act
General meeting · Legal-form conversion
Purpose change · Statutes amendment
17-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Weakest financial yearnet €-609k ▼1067%
Net result drops to €-609k, the lowest in the series.
01-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
06-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Highest result since 2018net €315k ▲438%
Operating result €319k, net result €315k, both a record.
31-12
Financial
Equity above €1MEq €1.20M ▲35.4%
3 profitable years in a row build equity to €1.20M.
02-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Show earlier events
2019
04-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
25-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
26-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 57 days late
2016
01-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
24-06
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
08-04
State Gazette act
Incorporation · Founding capital
First fiscal year · Corporate purpose
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Structure & network
Connections & network
9 connected companiesLinked via shared directors
Shared director
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Ownership & control
1 board mandateBoard mandates of this companythis company sits on their board1
1 location
Acquisitions and mergers
1 transactionTaken over by:CAS
Public money · subsidies and aid
Flemish government
2022 to 2024 · 7 entries · 1,349,518 EUR awarded · 1,774,366 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 2 | 694 EUR | 209,207 EUR |
| 2023 | 3 | 487,070 EUR | 514,881 EUR |
| 2022 | 2 | 861,754 EUR | 1,050,278 EUR |
Schemes
Erkenning en subsidiëring lokale diensteneconomie-onderneming (stopgezet)
Vlaams opleidingsverlof (VOV)
Maatschappelijk Verantwoord Ondernemen (MVO)