Result
-€134,728 ▼ 85.2%
The result fell in 2025 from -€72,748 to -€134,728.
ZETHIA
Lifetime
17 annual accounts with figures on one time axispeak €123,461 (2018)
-€48,692▲ €3,555
lowest -€134,728 (2025)
-€134,728▼ €61,981
peak €3.5m (2024)
€3.3m▼ 3.9%
€263,643▼ 40.3%
Board3 names since 2008
2 directorsCallaerts Thierry and 1 other
Documentsfilings and deeds
27-02-202627 days late
2025micro format
Loss of €134,728Registered office moved from Koningshooikt to Kessel 20-08Debts from €441,568 to €263,643Cash from €191,453 to €128,629
Key points
from the 2025 annual accountsFilings
17 annual accounts since 2009
Ten of the last ten came late. The 2024 accounts came latest: 28 days after the end of the period.
Position in the sector
-€134,728
Lower net result than 95% of companies in real estate. Sector median €5,986 · 17,185 companies.
Turnover not published (micro format)
Checked score
89
Excellent
Financially stronger than 52% of small companies in real estate (NACE 68)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 6,995 companies (NACE 68, small).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%
01-2025: 0.3%▲ +0.1 percentage points vs 12-2024
02-2025: 0.5%▲ +0.2 percentage points vs 01-2025
03-2025: 0.7%▲ +0.2 percentage points vs 02-2025highest value
04-2025: < 0.1%▼ -0.7 percentage points vs 03-2025
05-2025: < 0.1%● unchanged vs 04-2025
06-2025: < 0.1%● unchanged vs 05-2025
07-2025: < 0.1%● unchanged vs 06-2025lowest value
08-2025: < 0.1%● unchanged vs 07-2025
09-2025: 0.1%▲ +0.1 percentage points vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.2%▲ +0.1 percentage points vs 11-2025
01-2026: 0.2%● unchanged vs 12-2025
02-2026: 0.4%▲ +0.2 percentage points vs 01-2026
03-2026: 0.5%▲ +0.1 percentage points vs 02-2026
04-2026: 0.1%▼ -0.4 percentage points vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.1%● unchanged vs 07-2026
09-2026: 0.2%▲ +0.1 percentage points vs 08-2026
10-2026: 0.2%● unchanged vs 09-2026
11-2026: 0.2%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
1 change of registered office in 24 months
Liquidity: current ratio 28.32, cash €128,629
lowers risk
Size: total assets €3.6m
Figures for financial year 2025 (filed on 03-03-2026)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, small). It does better than 92% of them on solvency, 78% on liquidity, 7% on profitability and 30% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 30-06-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 2,686 companies had the same profile as ZETHIA has now. Each dot stands for 7 companies, two years later.
93.7%
were still trading
5.4%
stopped another way
0.6%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of ZETHIA itself: 0.2% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 2,686 companies, not a prediction for ZETHIA. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €290,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 28.32 (20.25 in 2024), above the usual 1.5. Short-term debt is 3% and cash 3.5% of total assets. 8.3% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
19202122232425
2019 to 2025 · latest year -€134,728
raises risk · 2025 accounts filed 27 days late
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 27-02-2026, 27 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
27 days late
2024
28 days late
2023
5 days late
2022
7 days late
2021
21 days late
2020
26 days late
2019
22 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 19 days after the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 21 February (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-06-2026 year end10-11-2026 today31-01-2027 deadline
Board and ownership
CT
Callaerts Thierry
Director
- Thierri Callaerts 93 sharesdeed of 07-12-2023
- Christel Fierens 93 sharesdeed of 07-12-2023
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0897086484
Registered office moved from Koningshooikt to Kessel
New registered office: Liersesteenweg 103, 2560 Kessel · Previous registered office: Beekstraat 81, 2500 Koningshooikt · Gazette deed
Merger: ZETHIA takes over INERMIS
Change of role: CALLAERTS Thierri, from manager to statutory director · Resignation: FIERENS Christel (manager) · Reappointments: CALLAERTS Thierri (statutory director) and FIERENS Christel (director) · Gazette deed
Merger proposal: ZETHIA takes over INERMIS
Thierri Callaerts holds 93 shares · Christel Fierens holds 93 shares · Board meeting of 14-11-2023 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| ZETHIA Nijlen | €3.6m | -€48,692 | 91.7% | - |
| MONTOYER 34 FREEHOLD Sint-Gillis (bij-Brussel) | €3.8m | -€3,316 | 99.9% | - |
| D.R. BEHEER Schoten | €3.1m | €389 | 70.7% | - |
| De Biehal Wommelgem | €2.4m | -€1,441 | 8.2% | - |
| MUSEA SCULPTA Bruges | €2.7m | -€44,602 | -26.8% | 1.6 |
| BRITE INVEST Genk | €3.6m | -€79,857 | 96.7% | - |
| Mabelle Housing Brussels | €3.2m | -€61,322 | -4.4% | - |
These companies have the same main activity as ZETHIA: renting and operating of own or leased residential real estate, excluding social housing (NACE 68201). They are comparable in size and age: total assets between €2.4m and €3.8m, founded between 2001 and 2012.
Official details
Source: KBO- Status
- Active since 07-04-2008Normal situation
- Activity
- Renting and operating of own or leased residential real estate, excluding social housingNACE 68201
- Establishment unit
- 2.170.308.4842560 Nijlen, since 09-04-2008
- Financial year end
- 30 June
- Peppol
- Reachable since 22-09-2025
Insights on ZETHIA
ZETHIA files the micro format. That format states no turnover. The gross margin fell from €4,937 in 2009 to -€48,692 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about ZETHIA
- What is the company number of ZETHIA?
- The company number of ZETHIA is 0897.086.484. The VAT number is the same number with BE in front: BE 0897.086.484.
- Where is ZETHIA based?
- The registered office is at Liersesteenweg (Kessel) 103, 2560 Nijlen.Company details
- What does ZETHIA do?
- According to the KBO register, the main activity is renting and operating of own or leased residential real estate, excluding social housing (NACE 68201).
- What is the legal form of ZETHIA?
- ZETHIA is a private limited company (pre-2019) (BVBA).
- When was ZETHIA founded?
- ZETHIA was founded on 07-04-2008.
- Is ZETHIA still active?
- Yes, ZETHIA is an active enterprise in the KBO register.
- What is the turnover of ZETHIA?
- The annual accounts for financial year 2025 state no turnover. The micro format does not require it.Financials
- Is ZETHIA profitable?
- In financial year 2025, ZETHIA made a loss of €134,728.
- Where can I find the annual accounts of ZETHIA?
- ZETHIA filed 17 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of ZETHIA due?
- ZETHIA must file the annual accounts for financial year 2026 by 31-01-2027.Timeline
Next steps
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