ZETA
ActiveZETA has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.29M and a net result of €35k. Equity remains stable across the filed fiscal years (±0.6% per year). Its solvency ranks better than 88% of 4123 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
81
/ 100
Excellent▲ +39 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability8▲+8
Solvency100=
Growth64▲+16
Stability100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €190k at 30 days acceptable
Liquidity ample (current ratio 3.29 against 2.63 in 2024), and 21.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← 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
78.2%
Return on assets
1.2%
Age of the figures
8 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 17-07-2026, 14 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
14 d early
2024
15 d early
2023
26 d early
2022
31 d early
2021
4 d late
2020
3 d early
2019
2 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€4.92M▼ 12.3%
2021 · €5.61M
2018: €4.66M
2019: €4.75M
2020: €6.02M
2021: €5.61M
2018 → 2022
EBIT margin
0.2%▼ 3.9pp
2021 · 4.1%
2018: -1.9%
2019: -1.0%
2020: 4.4%
2021: 4.1%
2018 → 2022
Net result
€35k
2024 · €-137k
2018: €-90k
2019: €-56k
2020: €242k
2021: €168k
2022: €7k
2023: €-121k
2024: €-137k
2018 → 2025
Working capital
€1.41M▲ 9.9%
2024 · €1.29M
2018: €1.61M
2019: €1.72M
2020: €2.12M
2021: €2.45M
2022: €2.49M
2023: €1.39M
2024: €1.29M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€5.61M-€4.92M▼ 12.3%
Equity€2.55M-€2.56M▲ 0.3%€2.44M▼ 4.7%€2.30M▼ 5.6%€2.29M▼ 0.6%
Operating result€232k-€10k▼ 95.7%€-188k€-163k▲ 13.2%€-7k▲ 95.7%
Net result€168k-€7k▼ 95.8%€-121k€-137k▼ 13.6%€35k
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €7k in 2025 against €163k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.92M
Fixed assets
€889k▼ 14.1%
Current assets
€2.03M▼ 2.0%
Equity and liabilities €2.92M
Equity
€2.29M▼ 0.6%
Debt
€637k▼ 21.3%
The debt ratio falls from 26.0% to 21.8%: debt falls faster than equity shrinks.
Key figures and ratios
EBITDA
€188k▲
2024 · €20k
Cash flow
€230k▲
2024 · €46k
Solvency
78.2%▲
2024 · 74.0%
Current ratio
3.29▲
2024 · 2.63
Quick ratio
0.18▲
2024 · 0.16
Debt / equity
0.28▼
2024 · 0.35
ROE
1.5%▲
2024 · -6.0%
ROA
1.2%▲
2024 · -4.4%
Interest coverage
14.90▲
2024 · 0.83
Debt
€637k▼
2024 · €809k
Debt ≤ 1 year
€619k▼
2024 · €787k
Income taxes
€0
Staff costs
€809k▲
2024 · €740k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€3.11M€2.92M▼
Fixed assets21/28€1.04M€889k▼
Intangible fixed assets21€0€0=
Tangible fixed assets22/27€1.04M€889k▼
Plant, machinery and equipment23€364k€273k▼
Furniture and vehicles24€24k€15k▼
Other tangible fixed assets26€648k€602k▼
Current assets29/58€2.07M€2.03M▼
Stocks and contracts in progress3€1.95M€1.92M▼
Stocks30/36€1.95M€1.92M▼
Amounts receivable within one year40/41€31k€49k▲
Trade receivables40€31k€14k▼
Other amounts receivable41-€35k
Cash at bank and in hand54/58€84k€52k▼
Deferred charges and accrued income490/1€13k€12k▼
Equity and liabilities
Total equity and liabilities10/49€3.11M€2.92M▼
Equity10/15€2.30M€2.29M▼
Contributions10/11€502k€502k=
Capital10€502k€502k=
Issued capital100€502k€502k=
Reserves13€276k€276k=
Non-distributable reserves130/1€50k€50k=
Legal reserve130€50k€50k=
Distributable reserves133€226k€226k=
Profit (loss) carried forward14€1.52M€1.51M▼
Amounts payable17/49€809k€637k▼
Amounts payable within one year42/48€787k€619k▼
Trade debts44€373k€280k▼
Suppliers440/4€373k€280k▼
Advances received on contracts in progress46€18k€21k▲
Taxes, remuneration and social security45€123k€139k▲
Taxes450/3€4k€9k▲
Remuneration and social security454/9€119k€130k▲
Other amounts payable47/48€272k€178k▼
Accrued charges and deferred income492/3€22k€18k▼
Income statement
Code20242025
Non-recurring operating income76A€27k€39k▲
Remuneration, social security and pensions62€740k€809k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€183k€195k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€21k€10k▼
Other operating charges640/8€7k€5k▼
Gross operating margin9900€788k€1.01M▲
Operating profit (loss)9901€-163k€-7k▲
Financial income75/76B€50k€55k▲
Recurring financial income75€50k€55k▲
Financial charges65/66B€24k€13k▼
Recurring financial charges65€24k€13k▼
Profit (loss) for the period before taxes9903€-137k€35k▲
Income taxes67/77-€0
Profit (loss) for the period9904€-137k€35k▲
Profit (loss) for the period to be appropriated9905€-137k€35k▲
Appropriation of the result
Profit (loss) to be appropriated9906€1.52M€1.56M▲
Profit (loss) brought forward from the previous period14P€1.66M€1.52M▼
Profit to be distributed694/7-€50k
Return on contributions (dividend)694-€50k
Social balance
Average headcount (FTE)908714.315.0▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
17-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Back to profitnet €35k
Net result €35k after 2 loss-making years.
16-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €-137k
Net result drops to €-137k, the lowest in the series; recovery starts the following year.
05-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
04-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 4 days late
2021
28-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Back to profitnet €242k
Net result €242k after 2 loss-making years.
29-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
22-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
25-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
27-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
9 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, Knokke-Heist · 2 establishment units since 1988
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.
Hendrik Consciencestraat 478301 Knokke-HeistGround area
8,412 m²
Building footprint
4,139 m²
Volume, LiDAR
18,717 m³
2 parcels, Flanders · tallest building 6.8 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
HUBO
since 19882.041.329.366
HUBO
since 20172.262.039.802
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46382B0625/00W000 | Flanders | 6,475 m² | 1 · 2,002 m² | 6.8 m · 2 fl. |
| 31336G0589/00C000 | Flanders | 1,937 m² | 1 · 2,137 m² | 6.8 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2023 · 2 entries · 4,558 EUR awarded · 4,558 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 2,002 EUR | 2,002 EUR |
| 2022 | 1 | 2,556 EUR | 2,556 EUR |
Schemes
Vlaams opleidingsverlof (VOV)
Recognitions · licences · registrations
Food safety, FASFC
2 sitesKnokke-Heist2.041.329.366
Lokeren2.262.039.802
Dual-learning approval
2 live approvalsWinkelmedewerker (vwo)
Winkelmedewerker duaal (so)
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PADIS
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Of 1,708 companies in sector 47521 we hold annual accounts for 1,275. 775 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded14-12-1988
Fiscal year end31-12
Activities, NACEBEL
47521Retail sale of hardware, building materials, paint and glass (general range)
52461
43320Joinery installation
45421
Sources
Crossroads Bank for EnterprisesNational Bank · 37 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.