ZETHIA
ActiveSummary
ZETHIA has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.34M and a net result of €-135k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 92% of 14128 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability14▼-2
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €220k at 30 days acceptable
Liquidity ample (current ratio 28.32 against 20.25 in 2024; short-term debt: 3% and cash: 3.5% of total assets), and 8.3% 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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer 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
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
91.7%
Return on assets
-3.7%
Age of the figures
15 mo
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 €-135k
neutral · Filed after the deadline
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. 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 filingsDeviation from the deadline
2025
27 d late
2024
28 d late
2023
5 d late
2022
7 d late
2021
21 d late
2020
26 d late
2019
22 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 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€3.34M▼ 3.9%
2024 · €3.47M
Total assets
€3.64M▼ 7.9%
2024 · €3.95M
Net result
€-135k▼ 85.2%
2024 · €-73k
Working capital
€2.97M▼ 6.5%
2024 · €3.18M
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€14k▼ 31.6%€83k▲ 509%€19k▼ 76.7%€-98k€-119k▼ 22.4%
Net result€-11k€58k€8k▼ 86.1%€-73k€-135k▼ 85.2%
Equity€45k▼ 19.7%€104k▲ 130%€112k▲ 7.8%€3.47M▲ 3,008%€3.34M▼ 3.9%
Total assets€468k▲ 16.9%€651k▲ 39.1%€607k▼ 6.8%€3.95M▲ 551%€3.64M▼ 7.9%
Debt€423k▲ 22.8%€533k▲ 25.9%€481k▼ 9.7%€442k▼ 8.2%€264k▼ 40.3%
Working capital€-21k▼ 278%€-187k▼ 806%€-180k▲ 4.0%€3.18M€2.97M▼ 6.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €119k in 2025 against €98k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.64M
Fixed assets
€561k ▼ 8.2%
Current assets
€3.08M ▼ 7.9%
Equity and liabilities €3.64M
Equity
€3.34M ▼ 3.9%
Provisions
€38k ▼ 1.2%
Debt
€264k ▼ 40.3%
Debt's share of the balance-sheet total falls from 11.2% to 7.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-79k▼
2024 · €-58k
Cash flow
€-94k▼
2024 · €-34k
Current ratio
28.32▲
2024 · 20.25
Debt to equity
0.08▼
2024 · 0.13
ROE
-4.0%▼
2024 · -2.1%
ROA
-3.7%▼
2024 · -1.8%
Interest coverage
-5.36▼
2024 · -4.73
Debt ≤ 1 year
€109k▼
2024 · €165k
Debt > 1 year
€155k▼
2024 · €270k
Income taxes
€2k▲
2024 · €237
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €16k | €22k | €25k | €39k | €41k | ▲ 3.9% |
| Other operating charges640/8 | - | €5k | €4k | €6k | €30k | ▲ 391% |
| Gross operating margin9900 | €43k | €111k | €48k | €-52k | €-49k | ▲ 6.8% |
| Operating profit (loss)9901 | €14k | €83k | €19k | €-98k | €-119k | ▼ 22.4% |
| Financial income75/76B | - | €146 | €37 | €38k | €729 | ▼ 98.1% |
| Recurring financial income75 | €0 | €146 | €37 | €32k | €729 | ▼ 97.7% |
| Non-recurring financial income76B | - | €146 | €37 | €6k | - | - |
| Financial charges65/66B | - | €9k | €8k | €13k | €15k | ▲ 13.1% |
| Recurring financial charges65 | €24k | €9k | €6k | €12k | €15k | ▲ 19.0% |
| Non-recurring financial charges66B | - | €616 | €2k | €643 | - | - |
| Profit (loss) for the period before taxes9903 | €-11k | €74k | €12k | €-73k | €-133k | ▼ 82.7% |
| Transfer from deferred taxes780 | - | €309 | €463 | €463 | €463 | = |
| Transfer to deferred taxes680 | - | €15k | - | - | - | - |
| Income taxes67/77 | €247 | €892 | €4k | €237 | €2k | ▲ 692% |
| Profit (loss) for the period9904 | €-11k | €58k | €8k | €-73k | €-135k | ▼ 85.2% |
| Transfer from tax-exempt reserves789 | - | €1k | €2k | €2k | €2k | = |
| Transfer to tax-exempt reserves689 | - | €61k | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €-11k | €-1k | €10k | €-71k | €-133k | ▼ 87.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €468k | €651k | €607k | €3.95M | €3.64M | ▼ 7.9% |
| Fixed assets21/28 | €293k | €592k | €575k | €611k | €561k | ▼ 8.2% |
| Tangible fixed assets22/27 | €293k | €592k | €575k | €611k | €561k | ▼ 8.2% |
| Land and buildings22 | - | €588k | €567k | €547k | €525k | ▼ 4.0% |
| Plant, machinery and equipment23 | - | €3k | €3k | €7k | €4k | ▼ 43.4% |
| Furniture and vehicles24 | - | €944 | €5k | €57k | €32k | ▼ 44.4% |
| Current assets29/58 | €175k | €59k | €33k | €3.34M | €3.08M | ▼ 7.9% |
| Amounts receivable after more than one year29 | - | - | - | €464k | €2.74M | ▲ 490% |
| Other amounts receivable291 | - | - | - | €464k | €2.74M | ▲ 490% |
| Amounts receivable within one year40/41 | €31k | €34k | €12k | €2.62M | €109k | ▼ 95.8% |
| Trade receivables40 | - | €34k | €10k | €5k | €8k | ▲ 53.9% |
| Other amounts receivable41 | - | - | €2k | €2.62M | €101k | ▼ 96.1% |
| Current investments50/53 | - | - | - | - | €100k | - |
| Cash at bank and in hand54/58 | €133k | €12k | €15k | €191k | €129k | ▼ 32.8% |
| Deferred charges and accrued income490/1 | - | €14k | €5k | €62k | €1k | ▼ 97.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €468k | €651k | €607k | €3.95M | €3.64M | ▼ 7.9% |
| Equity10/15 | €45k | €104k | €112k | €3.47M | €3.34M | ▼ 3.9% |
| Contributions10/11 | - | €6k | €6k | €25k | €25k | = |
| Outside capital11 | - | €6k | €6k | €25k | - | - |
| Other1109/19 | - | €6k | €6k | €25k | - | - |
| Reserves13 | €50k | €110k | €108k | €3.45M | €3.31M | ▼ 3.9% |
| Non-distributable reserves130/1 | - | €640 | €640 | - | - | - |
| Reserves not available under the articles1311 | - | €640 | €640 | - | - | - |
| Tax-exempt reserves132 | - | €61k | €59k | €64k | €62k | ▼ 2.9% |
| Distributable reserves133 | - | €48k | €48k | €3.38M | €3.25M | ▼ 3.9% |
| Profit (loss) carried forward14 | €-11k | €-13k | €-3k | - | - | - |
| Provisions and deferred taxes16 | - | €15k | €15k | €38k | €38k | ▼ 1.2% |
| Provisions for liabilities and charges160/5 | - | - | - | €24k | €24k | = |
| Pensions and similar obligations160 | - | - | - | €24k | €24k | = |
| Deferred taxes168 | - | €15k | €15k | €14k | €14k | ▼ 3.3% |
| Amounts payable17/49 | €423k | €533k | €481k | €442k | €264k | ▼ 40.3% |
| Amounts payable after more than one year17 | €225k | €285k | €268k | €270k | €155k | ▼ 42.6% |
| Financial debts170/4 | - | €285k | €268k | €270k | €155k | ▼ 42.6% |
| Amounts payable within one year42/48 | €196k | €246k | €212k | €165k | €109k | ▼ 34.1% |
| Current portion of amounts payable after more than one year42 | - | €17k | €17k | €100k | €99k | ▼ 0.8% |
| Trade debts44 | €9k | €13k | €3k | €16k | €8k | ▼ 48.0% |
| Suppliers440/4 | - | €13k | €3k | €16k | €8k | ▼ 48.0% |
| Taxes, remuneration and social security45 | - | €6k | €2k | €49k | €1k | ▼ 97.5% |
| Taxes450/3 | - | €4k | €2k | €41k | €1k | ▼ 97.1% |
| Remuneration and social security454/9 | - | €1k | - | €8k | - | - |
| Other amounts payable47/48 | - | €210k | €190k | - | - | - |
| Accrued charges and deferred income492/3 | - | €1k | €997 | €7k | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-11k | €58k | €8k | €-73k | €-135k | ▼ 85.2% |
| + Depreciation and write-downs630 | €16k | €22k | €25k | €39k | €41k | ▲ 3.9% |
| Operating cash flow (approximation) | €5k | €80k | €33k | €-34k | €-94k | ▼ 180% |
| Investment in fixed assets (approximation) | - | €-321k | €-7k | €-76k | €10k | ▲ 113% |
| Change in cash | - | €-121k | €3k | €176k | €-63k | ▼ 136% |
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
2026
27-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 27 days late
2025
30-06
Financial
Weakest financial yearnet €-135k
Net result drops to €-135k, the lowest in the series.
28-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
30-06
Financial
Liquidity times 132current ratio 20.25
Current ratio from 0.15 to 20.25; short-term debt falls from €212k to €165k.
30-06
Financial
Equity above €2MEq €3.47M ▲3,008%
Equity rises from €112k to €3.47M.
05-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 5 days late
2023
07-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 7 days late
2022
30-06
Financial
Back to profitnet €58k
Net result €58k after one loss-making year.
30-06
Financial
Equity above €100kEq €104k ▲130%
Equity rises from €45k to €104k.
21-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 21 days late
2021
26-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
2020
22-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 22 days late
Show earlier events
2019
25-02
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 25 days late
2018
27-02
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 27 days late
2017
23-02
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 23 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Nijlen · 1 establishment unit since 2008
Ground area
2,983 m²
Building footprint
381 m²
Volume, LiDAR
2,726 m³
Parcel 12018D0419/00B000, Flanders · tallest building 13.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Zethia / Cowa / MosalK
since 20082.170.308.484
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12018D0419/00B000 | Flanders | 2,983 m² | 1 · 381 m² | 13.0 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel 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
2024 to 2025 · 3 entries · 1,434 EUR awarded · 1,134 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 300 EUR | 300 EUR |
| 2024 | 2 | 1,134 EUR | 834 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Subsidies bevordering en uitvoering beleid
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Of 9,143 companies in sector 68201 we hold annual accounts for 6,764. 3,703 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 (pre-2019)
Founded07-04-2008
Fiscal year end30-06
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
Scores and ratios are computed by Checked and are not a credit decision.