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Zetus

Active
Private limited companyfounded 1922active for 104 yearsHanneusestraat 32, 8370 Blankenberge, BelgiumKBO/BCE: BE 0405.196.516
Summary

Zetus has been active since 1922 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €10.5m and a net result of -€466,396. Equity remains stable across the filed financial years (±1.9% per year). Its solvency ranks better than 26% of 10,986 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.6% (low).

Overview

Activity
Development of residential building projects
NACE 68121Real estate activities NACE 68202
#1 company by total assets in Blankenberge2 sites
Size
€136.5mtotal assets 2025
Staff
25.9 FTE
Equity
€10.5m
Loss
-€466,396
Financial health
69 Healthy Checked score 2025
Bankruptcy probabilitywithin 12 months
0.6%
Structure
Auditor: CALLENS VANDELANOTTEAccounts 74 days early2 of 27 deeds read
Why 69raises riskEquity €10.5m (7.7% of total assets)Liquidity: current ratio 0.59, cash €1.8m, halvedLoss of €466,396, the second in a row (financial year 2025)lowers riskSize: 25.9 FTE, total assets €136.5mShow the evidence

Checked score

Score 2025
69 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially better than 35% of its sector peers (NACE 68, small)
Financial strength · tick = 2024
Weak
Solvency 33-1
equity 7.7% of total assets
Liquidity 52-2
short-term debt 4.5% · cash 1.3%
Profitability 27=
return on assets -0.3%
Bankruptcy probability, 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%

About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (6,970 companies, NACE 68, small)
Last 24 months 11-2024: 0.6% 12-2024: 0.6%● unchanged vs 11-2024 01-2025: 0.6%● unchanged vs 12-2024 02-2025: 0.6%● unchanged vs 01-2025 03-2025: 0.6%● unchanged vs 02-2025 04-2025: 0.6%● unchanged vs 03-2025 05-2025: 0.6%● unchanged vs 04-2025 06-2025: 0.7%▲ +0.1 percentage points vs 05-2025 07-2025: 0.8%▲ +0.1 percentage points vs 06-2025 08-2025: 1.1%▲ +0.3 percentage points vs 07-2025highest value 09-2025: 0.6%▼ -0.5 percentage points vs 08-2025lowest value 10-2025: 0.6%● unchanged vs 09-2025lowest value 11-2025: 0.6%● unchanged vs 10-2025lowest value 12-2025: 0.6%● unchanged vs 11-2025lowest value 01-2026: 0.6%● unchanged vs 12-2025lowest value 02-2026: 0.6%● unchanged vs 01-2026lowest value 03-2026: 0.6%● unchanged vs 02-2026 04-2026: 0.6%● unchanged vs 03-2026 05-2026: 0.6%● unchanged vs 04-2026 06-2026: 0.6%● unchanged vs 05-2026 07-2026: 0.6%● unchanged vs 06-2026 08-2026: 0.6%● unchanged vs 07-2026 09-2026: 0.6%● unchanged vs 08-2026 10-2026: 0.6%● unchanged vs 09-2026
Credit of up to €700,000 on 30-day terms is acceptable
Liquidity insufficient (current ratio 0.59, compared with 0.85 in 2024; short-term debt: 4.5% and cash: 1.3% of total assets), and 92.3% of the assets are financed with debt.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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): better than 26% on solvency, 69% on liquidity, 19% on profitability and 28% on growth.

The bankruptcy probability was computed on 10-10-2026 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.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
lowers riskraises riskneutral
raises risk · Equity €10.5m (7.7% of total assets)
NBB · annual accounts
raises risk · Liquidity: current ratio 0.59, cash €1.8m, halved
NBB · annual accounts
lowers risk · Size: 25.9 FTE, total assets €136.5m
The company's size counts in the probability; how much depends on the rest of its profile.
NBB · annual accounts
raises risk · Loss of €466,396, the second in a row (financial year 2025)
NBB · annual accounts
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 2025
Net result per financial year
1819202122232425
2018 to 2025 · latest year -€466,396
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 18-05-2026, 74 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
74 days early
2024
26 days late
2023
30 days early
2022
84 days early
2021
83 days early
2020
80 days early
2019
86 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 59 days before the deadline; the sector median (NACE 68) for financial year 2024 is 7 days before the deadline, and 36% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 18 May (4 of the last 5 filed years within 45 days of that day).
Companies Code · seven months
Where today falls in the filing period
11-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Reappointment: CALLENS VANDELANOTTE (statutory auditor)Permanent representative: Kris Igodt
  2. Annual accounts filedfinancial year 2025 · abbreviated…
  3. Appointment: Thomas Dobbels (director)Resignation: Katelijne Van Vlaenderen (director)

Key points

  • Risk: 4 loss-making years in a rowloss financial year 2025 -€466,396 View
  • Caution: Among the weakest 5% on net resultsector median €10,281 · 10,976 companies -€466,396 View
  • Flemish supportawarded 2022 - 2025 €10.5m View
  • Active since 1922founded 02-07-1922 104 years View
  • Positive: Result rose in 2025from -€658,463 to -€466,396 ▲ 29.2% View

By topic

Financials

Financial year
2025
Total assets
€136.5m
Loss
-€466,396
Solvency
7.7%
Turnover▲ 3.1%
Net result
20182022
Go to Financials

Timeline

Events
55
Since
1978
Next accounts
by 31-07-2027
  1. 26-08-2025Annual accounts filed
  2. 31-12-2024Weakest financial year
  3. 01-07-2024Annual accounts filed
Go to Timeline

Company details

Sites
2
Legal form
Private limited company
Activity
Development of residential building projectsNACE 68121
Founded
02-07-1922
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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