Zeto Projects
ActiveSummary
The computed 12-month bankruptcy probability of Zeto Projects is 2.1% (moderate). The 2025 annual accounts show equity of €255,710 and a net result of €75,524. Equity is growing by ~56.4% per year across the filed fiscal years. The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability71=
Solvency32▲+2
Growth78=
Track record94
Bankruptcy probability, 12 months
2.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €11,000 at 30 days acceptable
Liquidity short (current ratio 0.03 against 0.02 in 2024; short-term debt: 67.6% and cash: 1.9% of total assets), and 92.7% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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
7.3%
Return on assets
2.2%
Age of the figures
9 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 30-04-2026, 92 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
92 d early
2024
49 d early
2023
44 d early
2022
32 d early
2021
34 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 5 accounts on average 50 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (2)
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
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€255,710▲ 41.9%
2024 · €180,187
Total assets
€3.5m▼ 4.3%
2024 · €3.6m
Net result
€75,524▲ 8.4%
2024 · €69,700
Working capital
-€2.3m▲ 1.9%
2024 · -€2.3m
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€45,376-€89,747▲ 97.8%€108,057▲ 20.4%€119,629▲ 10.7%€123,020▲ 2.8%
Net result€1,737-€41,051▲ 2,263%€57,699▲ 40.6%€69,700▲ 20.8%€75,524▲ 8.4%
Equity€11,737-€52,788▲ 350%€110,487▲ 109%€180,187▲ 63.1%€255,710▲ 41.9%
Total assets€4.1m-€4.0m▼ 3.7%€3.8m▼ 4.1%€3.6m▼ 4.2%€3.5m▼ 4.3%
Debt€4.1m-€3.9m▼ 4.7%€3.7m▼ 5.6%€3.5m▼ 6.3%€3.2m▼ 6.7%
Working capital-€2.4m--€2.4m▲ 1.1%-€2.4m▲ 1.1%-€2.3m▲ 1.8%-€2.3m▲ 1.9%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 3% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.5m
Fixed assets
€3.4m ▼ 4.7%
Current assets
€67,834 ▲ 21.1%
Equity and liabilities €3.5m
Equity
€255,710 ▲ 41.9%
Debt
€3.2m ▼ 6.7%
Debt's share of the balance-sheet total falls from 95.0% to 92.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€294,572▲
2024 · €291,205
Cash flow
€247,076▲
2024 · €241,276
Current ratio
0.03▲
2024 · 0.02
Debt to equity
12.62▼
2024 · 19.20
ROE
29.5%▼
2024 · 38.7%
ROA
2.2%▲
2024 · 1.9%
Interest coverage
13.09▲
2024 · 10.98
Debt ≤ 1 year
€2.4m▼
2024 · €2.4m
Debt > 1 year
€845,240▼
2024 · €1.0m
Income taxes
€25,365▲
2024 · €23,468
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,599 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.
- Small
- 5 to 10 years old
- solvency under 10%
- a profit under 5% of the balance sheet
1.6%
went bankrupt
1.7%
stopped otherwise
96%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 2.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 1,599 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €170,345 | €170,636 | €170,950 | €171,577 | €171,552 | = |
| Other operating charges640/8 | €17,378 | €17,409 | €19,686 | €20,456 | €21,096 | ▲ 3.1% |
| Gross operating margin9900 | €233,099 | €277,793 | €298,693 | €311,662 | €315,668 | ▲ 1.3% |
| Operating profit (loss)9901 | €45,376 | €89,747 | €108,057 | €119,629 | €123,020 | ▲ 2.8% |
| Financial income75/76B | - | - | - | €52 | €368 | ▲ 601% |
| Recurring financial income75 | - | - | - | €52 | €368 | ▲ 601% |
| Financial charges65/66B | €43,006 | €34,909 | €30,991 | €26,513 | €22,500 | ▼ 15.1% |
| Recurring financial charges65 | €43,006 | €34,909 | €30,991 | €26,513 | €22,500 | ▼ 15.1% |
| Profit (loss) for the period before taxes9903 | €2,370 | €54,839 | €77,066 | €93,168 | €100,888 | ▲ 8.3% |
| Income taxes67/77 | €632 | €13,788 | €19,367 | €23,468 | €25,365 | ▲ 8.1% |
| Profit (loss) for the period9904 | €1,737 | €41,051 | €57,699 | €69,700 | €75,524 | ▲ 8.4% |
| Profit (loss) for the period to be appropriated9905 | €1,737 | €41,051 | €57,699 | €69,700 | €75,524 | ▲ 8.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €4.1m | €4.0m | €3.8m | €3.6m | €3.5m | ▼ 4.3% |
| Formation expenses20 | €1,359 | €1,013 | €667 | €321 | €0 | ▼ 100% |
| Fixed assets21/28 | €4.1m | €3.9m | €3.8m | €3.6m | €3.4m | ▼ 4.7% |
| Tangible fixed assets22/27 | €4.1m | €3.9m | €3.8m | €3.6m | €3.4m | ▼ 4.7% |
| Land and buildings22 | €4.1m | €3.9m | €3.8m | €3.6m | €3.4m | ▼ 4.8% |
| Plant, machinery and equipment23 | - | - | - | - | €2,420 | - |
| Current assets29/58 | €30,069 | €46,825 | €45,491 | €56,002 | €67,834 | ▲ 21.1% |
| Amounts receivable within one year40/41 | €10,606 | €13,143 | €12,214 | €37,507 | €0 | ▼ 100% |
| Trade receivables40 | €10,606 | €12,931 | €12,214 | €12,507 | €0 | ▼ 100% |
| Other amounts receivable41 | - | €212 | - | €25,000 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €19,463 | €33,682 | €33,277 | €18,495 | €67,834 | ▲ 267% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €4.1m | €4.0m | €3.8m | €3.6m | €3.5m | ▼ 4.3% |
| Equity10/15 | €11,737 | €52,788 | €110,487 | €180,187 | €255,710 | ▲ 41.9% |
| Contributions10/11 | €10,000 | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Profit (loss) carried forward14 | €1,737 | €42,788 | €100,487 | €170,187 | €245,710 | ▲ 44.4% |
| Amounts payable17/49 | €4.1m | €3.9m | €3.7m | €3.5m | €3.2m | ▼ 6.7% |
| Amounts payable after more than one year17 | €1.6m | €1.4m | €1.2m | €1.0m | €845,240 | ▼ 19.3% |
| Financial debts170/4 | €1.6m | €1.4m | €1.2m | €1.0m | €845,240 | ▼ 19.3% |
| Amounts payable within one year42/48 | €2.5m | €2.4m | €2.4m | €2.4m | €2.4m | ▼ 1.3% |
| Current portion of amounts payable after more than one year42 | €187,041 | €206,251 | €210,085 | €197,858 | €201,601 | ▲ 1.9% |
| Financial debts43 | €2.3m | €2.2m | €2.2m | €2.2m | €2.1m | ▼ 1.8% |
| Other loans439 | €2.3m | €2.2m | €2.2m | €2.2m | €2.1m | ▼ 1.8% |
| Trade debts44 | €7,689 | - | €611 | €336 | €2,443 | ▲ 627% |
| Suppliers440/4 | €7,689 | - | €611 | €336 | €2,443 | ▲ 627% |
| Taxes, remuneration and social security45 | €632 | - | €3,367 | €4,468 | €6,865 | ▲ 53.6% |
| Taxes450/3 | €632 | - | €3,367 | €4,468 | €6,865 | ▲ 53.6% |
| Accrued charges and deferred income492/3 | €22,178 | €26,939 | €27,663 | €26,156 | €26,687 | ▲ 2.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,737 | €41,051 | €57,699 | €69,700 | €75,524 | ▲ 8.4% |
| + Depreciation and write-downs630 | €170,345 | €170,636 | €170,950 | €171,577 | €171,552 | = |
| Operating cash flow (approximation) | €172,082 | €211,687 | €228,648 | €241,276 | €247,076 | ▲ 2.4% |
| Investment in fixed assets (approximation) | - | -€346 | -€9,754 | -€346 | -€2,741 | ▼ 692% |
| Change in cash | - | €14,219 | -€405 | -€14,782 | €49,339 | ▲ 434% |
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
30-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2021net €75,524 ▲8.4%
Operating result €123,020, net result €75,524, both a record.
31-12
Financial
Equity above €200,000Eq €255,710 ▲41.9%
5 profitable years in a row build equity to €255,710.
12-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Equity above €150,000Eq €180,187 ▲63.1%
4 profitable years in a row build equity to €180,187.
17-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Equity above €100,000Eq €110,487 ▲109%
3 profitable years in a row build equity to €110,487.
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Mechelen · 1 establishment unit since 2020
Ground area
1,691 m²
Building footprint
659 m²
Parcel 12403D0088/00X000, Flanders. Linked by address, not a title deed.
23
companies at this address
See who is registered here
1 establishment unit
Zeto Projects
since 20202.310.913.251
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12403D0088/00X000 | Flanders | 1,691 m² | 1 · 659 m² | - |
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.
Identification & contact
Identification
Legal formPrivate limited company
Founded30-11-2020
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:0758916023
Registered
09-10-2025
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.