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Complete company report
Generated 17-08-2026
Active BE 0479.628.772Private limited company (pre-2019)

Zeus Holdings

Beukenootjesstraat 205 ·1120 Brussel, Belgium· 23 yrs active
Conclusion Checked

The file of Zeus Holdings contains 1 historical bankruptcy publication, as published in the Belgian State Gazette. The computed 12-month bankruptcy probability is 3.8% (moderate). The 2021 annual accounts show equity of €228k and a net result of €-45k. Equity is shrinking by ~16.5% per year across the filed fiscal years.

Based on the State Gazette, CBE and 4 annual accounts.
Key figures
Equity €228k
Net result €-45k
Active 23 yrs
Board 1
Financial profile 5 of 5 axes measured · computed by Checked
Health10Profitability0Solvency15Growth58Stability85
34 / 100

Fragile profile, watch profitability in particular.

All 5 axes are computed from data Checked has read.

Health 10
Profitability 0
Solvency 15
Growth 58
Stability 85
Bankruptcy probability (12 mo) Checked model v1 · free
3.8% Moderate
0%0,5%1,5%4%10%≥25%
Annual accounts: weaker financial profile +No NACE activity registered +Higher-failure-rate region +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based
20 / 100
Moderate risk
Components
· 1 historical bankruptcy publication (+20)
Trust signals 1 signals
Prior bankruptcy
Earlier bankruptcy on record in the Belgian State Gazette, no current open procedure.
Administrative Flags0 events
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Health barometer FY 2021 · computed
10 / 100 Critical
050100
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →
Computed by Checked from the NBB filing for FY 2021. Indicative, not credit advice.
Financial overview10 NBB filings
Annual accounts filed on 01-03-2023 with the NBB · fiscal year 2021 · verkort
€-300k€-200k€-100k€0Operating result 2018: €-28k€-28kNet result 2018: €-126k€-126kOperating result 2019: €-50k€-50kNet result 2019: €-195k€-195kOperating result 2020: €-34k€-34kNet result 2020: €-245k€-245kOperating result 2021: €-45k€-45kNet result 2021: €-45k€-45k2018201920202021
Operating resultNet result
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
declining Equity: declining trend of ~16.5%/year over 4 fiscal years, indicative, assuming unchanged policy.
€100k€200k€300k€400k2022: €190k (€172k - €209k)2023: €159k (€141k - €177k)2024: €133k (€114k - €151k)2018: €392k2019: €323k2020: €273k2021: €228k2018201920202021202220232024
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

EBITDA
€-17k
- 18-21
Net profit
€-45k
+81.6% 18-21
Cash flow
€-17k
+92.0% 18-21
Total assets
€1.11M
-3.9% 18-21
Equity
€228k
-16.5% 18-21
Working capital
€-866k
-3.0% 18-21
Income taxes
€-35
- 18-21
Debt
€880k
0.0% 18-21
Show 9 other metrics
Debt ≤ 1y
€880k
0.0% 18-21
Debt > 1y
€875k
- 18-21
Current ratio
0.02
-63.6% 18-21
Quick ratio
0.02
-63.6% 18-21
Solvency
20.6%
-13.1% 18-21
Debt / equity
3.86
+72.9% 18-21
ROE
-19.8%
+77.9% 18-21
ROA
-4.1%
+80.8% 18-21
Interest coverage
-200.23
- 18-21
Figures by fiscal year
Fiscal year2021
Depositverkort
Revenue-
EBITDA€-17k
Net profit€-45k
Cash flow€-17k
Staff costs-
Income taxes-
Dividends-
Total assets€1.11M
Equity€228k
Debt€880k
of which ≤ 1y€880k
of which > 1y-
Working capital€-866k
Employees (FTE)-
Ratios (computed)
2021
Current ratio0.02
Quick ratio0.02
Working capital ratio-78.1%
Solvency20.6%
Debt / equity3.86
Long-term debt ratio-
Interest coverage-200.23
Gross margin-
Net margin-
ROA-4.1%
ROE-19.8%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2021
Full annual accounts (20 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2021
Balance sheet, Assets
TOTAL ASSETS 20/58€1.11M
Fixed assets 21/28€1.09M
Tangible fixed assets 22/27€1.09M
Current assets 29/58€14k
Amounts receivable within one year 40/41€14k
Cash & bank 54/58€47
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€1.11M
Equity 10/15€228k
Contributions / capital 10/11€480k
Reserves 13€38k
Accumulated profits (losses) 14€-290k
Amounts payable 17/49€880k
Amounts payable within one year 42/48€880k
Trade debts payable within one year 44€10k
Income statement
Gross operating margin 9900€-12k
Operating result 9901€-45k
Financial charges 65€83
Result before taxes 9903€-45k
Net result for the period 9904€-45k
Result to be appropriated 9905€-45k
This table shows the latest fiscal year. 3 prior years, with figures and ratios, belong to a paid plan. See plans →
Ratios computed by Checked.
Directors & mandates 2 directors
Current directors & mandates
  • Filip A. L. De Graeve
    Director
    State Gazette act 25097466 (30-07-2025)
    Current
    03-07-2025 → present
Former directors (1)
  • Mark VAN GOSSUM
    Director
    State Gazette act 25097466 (30-07-2025)
    Former
    - → 03-07-2025
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.
Legal Structure
NACE primary -
Legal form Private limited company (pre-2019)(015)
Incorporation24-02-2003
StatusActive
Postal code1120
First BS signal 18-05-2026
Latest BS signal 18-05-2026
Establishment units 1 location
Establishment
projectontwikkeling voor de bouw of de aanleg van : commerciële, en industriële centra, hotels, industriezones en markten, jachthavens, autowegen, wintersportcentra enz.
since 20032.126.458.942
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (50%) Brussels 1 (50%)
Parcel (capakey) Region Area Buildings Height / fl.
21819D0222/00G002 Brussels 6,725 m² 1 · 199 m² 12.5 m · 4 fl.
31027D0299/00L007 Flanders 716 m² 1 · 716 m² 9.5 m · 3 fl.
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.
Updates 12 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2026
18-05-2026
Bankruptcy Judicial dissolution
Ondernemingsrechtbank Brussel · van: ZEUS HOLDINGS BVBA- BEUKENOOTJESSTRAAT 7, 1120 NEDER-OVER- HEEMBEEK
2025
30-07-2025
State Gazette act Director changes
correction
2023
01-03-2023
NBB filing Annual accounts filed
fiscal year 2021 · verkort
2021
27-08-2021
NBB filing Annual accounts filed
fiscal year 2020 · verkort
2020
06-08-2020
NBB filing Annual accounts filed
fiscal year 2019 · micro
2019
16-07-2019
NBB filing Annual accounts filed
fiscal year 2018 · micro
2018
16-07-2018
NBB filing Annual accounts filed
fiscal year 2017 · micro
2017
03-07-2017
NBB filing Annual accounts filed
fiscal year 2016 · verkort
2016
25-07-2016
NBB filing Annual accounts filed
fiscal year 2015 · verkort
2015
01-07-2015
NBB filing Annual accounts filed
fiscal year 2014 · verkort
2014
30-06-2014
NBB filing Annual accounts filed
fiscal year 2013 · verkort
2013
02-07-2013
NBB filing Annual accounts filed
fiscal year 2012 · verkort
Lifecycle & Insolvency Signals1 events
18-05-2026
Bankruptcy Judicial dissolution
 · Ondernemingsrechtbank Brussel · van: ZEUS HOLDINGS BVBA- BEUKENOOTJESSTRAAT 7, 1120 NEDER-OVER- HEEMBEEK · Publications in State Gazette ↗
Time machine, BS events + macro context 2021, 2026
COVID lockdownEnergiecrisisECB hikes2021202220232024202520262026-05-18 · Bankruptcy · Judicial dissolution
Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023-2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event
Belgian State Gazette reading coverage 0 of 5 acts read

We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Belgisch Staatsblad, acts 1 acts
All acts · 1 updated 1 year ago
2025
30-07-2025 1 director appointed, 1 resigning Director changescorrection
  • Filip A. L. De Graeve, Bestuurder
  • Mark VAN GOSSUM, Bestuurder
Technical details 
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Credit advice verdict per customer and amount

May this customer buy amount X on invoice? Enter the amount and the payment term. This page computes a GREEN, AMBER or RED verdict from them, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
Company registry (CBE) Crossroads Bank
Names & trade names
Legal nameNL Zeus Holdings
Registered office
Beukenootjesstraat 205 bus 7
1120 Brussel, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative