Equity
Debts exceed assets in financial year 2024.
Opened on 19 October 2016 · moratorium passed on 19 November 2016
The judgment sets how long the moratorium runs. That date is in RegSol and in the publication in the Official Gazette.
Your claim still exists, but while the moratorium runs you cannot enforce it. What you do now depends on the track of the reorganisation.
This is general information, not legal advice. If in doubt, your lawyer or your accountant can help.
Embed the ZEVASSI company card in your article about this reorganisation: name, enterprise number, its status in the KBO and the latest annual accounts, with a link to this dossier.
Debts exceed assets in financial year 2024.
Every financial year from 2019 to 2024 closed with a loss. 2022 was the heaviest.
2025 accounts not filed: deadline was 31-07-2026.
Board changed. Latest change 26-06-2026 · 4 in office.
Less equity than 95% of companies in head offices and management consultancy. Sector median €543,934 · 4,586 companies.
Judicial reorganisation
About 1 in 4 comparable companies went bankrupt within the year
A judicial reorganisation is open. There is then no bankruptcy probability from the figures. Of every Belgian company in an open or failed reorganisation, 25% to 26% went bankrupt within twelve months (measured in 2024 and 2025).
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 6 accounts on average 2 days before the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| ZEVASSI Waterloo | - | - | - | - |
| Mise en Scène Waterloo | €0.8m | - | 98.9% | - |
| B-Management Waterloo | €1.0m | €168,719 | 19.5% | - |
| META 4 Waterloo | €0.06m | -€1,113 | -41.9% | - |
| Croisé Management Waterloo | €0.1m | €164,713 | -69.1% | - |
| WEALTH ETHICS LIFESTYLE & LEADERSHIP Waterloo | €0.1m | €35,814 | 69.0% | - |
| APHIBEL Waterloo | €3.2m | €431,982 | 71.3% | - |
These companies have the same main activity as ZEVASSI: business and other management consultancy (NACE 70200). The annual accounts of ZEVASSI for financial year 2024 state no total assets, so a size comparison is not possible. They are about the same age: founded in 2012.
Solvency fell in 2023 from -160.6% to -425.0% because of the loss.
In June 2026, the Official Gazette published the appointment of Ziad ZEENNI as managing director.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
2025 annual accounts not yet filed, deadline passed on 31 July 2026 The financial year closed on 31 December 2025. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 11 November 2026.
Annual accounts 2024 filed on 18-06-2025 PDF
Lower than 95% of 4,400 companies in 2023.
Higher than 12% of 4,260 companies in 2023.
Lower than 95% of 4,375 companies in 2023.
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: middle half
| Line | Trend | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||
20/58 |
13,088 | 26,257 | 57,263 | 53,263 | 56,376 | 90,073 | 18 | 54 | 9,907 | 9,945 | 12,584 | |
29/58 |
13,088 | 26,257 | 57,263 | 53,263 | 56,376 | 90,073 | 18 | 54 | 9,907 | 9,945 | 12,584 | |
3 |
13,088 | 26,176 | 52,352 | 52,352 | 52,352 | 67,805 | - | - | - | - | - | |
30/36 |
13,088 | 26,176 | 52,352 | 52,352 | 52,352 | 67,805 | - | - | - | - | - | |
40/41 |
- | 81 | 57 | 33 | 4,018 | 15,059 | - | - | 9,900 | 9,900 | 12,251 | |
40 |
- | - | - | - | 4,016 | 15,014 | - | - | - | - | 3,751 | |
41 |
- | 81 | 57 | 33 | 2 | 45 | - | - | 9,900 | 9,900 | 8,500 | |
54/58 |
- | - | 4,854 | 879 | 6 | 7,209 | 18 | 54 | 7 | 45 | 333 | |
| Balance sheet: equity and liabilities | ||||||||||||
10/49 |
13,088 | 26,257 | 57,263 | 53,263 | 56,376 | 90,073 | 18 | 54 | 9,907 | 9,945 | 12,584 | |
10/15 |
-55,628 | -42,168 | -15,792 | -14,569 | -12,891 | 9,246 | -2,303 | -12,608 | 2,198 | 2,739 | 3,390 | |
10/11 |
18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 6,324 | 6,324 | 6,324 | |
100 |
- | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | - | - | - | - | - | 12,276 | 12,276 | 12,276 | |
14 |
-74,228 | -60,768 | -34,392 | -33,169 | -31,491 | -9,354 | -20,903 | -31,208 | -4,126 | -3,585 | -2,934 | |
16 |
- | - | - | - | - | - | - | - | 6,425 | 6,425 | 6,425 | |
160/5 |
- | - | - | - | - | - | - | - | 6,425 | 6,425 | 6,425 | |
17/49 |
68,716 | 68,426 | 73,055 | 67,832 | 69,267 | 80,827 | 2,321 | 12,662 | 1,284 | 781 | 2,768 | |
42/48 |
68,461 | 68,256 | 72,894 | 66,847 | 69,195 | 80,755 | 2,250 | 12,525 | 348 | 0 | 2,141 | |
42 |
- | - | - | - | - | 8,505 | - | - | - | - | - | |
43 |
58 | 4 | - | - | - | - | - | - | - | - | - | |
430/8 |
58 | 4 | - | - | - | - | - | - | - | - | - | |
44 |
- | - | 103 | - | 3,498 | 9,630 | - | - | 348 | - | 695 | |
440/4 |
- | - | 103 | - | 3,498 | 9,630 | - | - | 348 | - | 695 | |
45 |
- | - | - | 0 | 0 | - | - | 12,525 | - | - | 1,446 | |
450/3 |
- | - | - | 0 | 0 | - | - | 12,525 | - | - | 1,446 | |
47/48 |
68,403 | 68,251 | 72,791 | 66,846 | 65,696 | 62,620 | 2,250 | - | - | - | - | |
492/3 |
255 | 170 | 161 | 985 | 73 | 72 | 70 | 136 | 937 | 781 | 627 | |
| Income statement | ||||||||||||
70 |
- | - | - | - | - | 102,124 | - | - | - | - | - | |
76A |
- | - | - | - | - | - | 2,055 | - | - | - | - | |
9900 |
-170 | -170 | -1,191 | -1,645 | -9,737 | 19,823 | 2,053 | 321 | -156 | -154 | 4,926 | |
60/61 |
- | - | - | - | - | 82,300 | 2 | - | - | - | - | |
630 |
- | - | - | - | - | - | - | - | - | - | 531 | |
631/4 |
13,088 | 5,681 | - | - | 12,270 | 8,225 | - | - | - | - | - | |
635/8 |
- | - | - | - | - | - | - | - | - | - | 6,425 | |
640/8 |
- | 20,495 | - | - | - | - | - | 127 | 348 | 348 | 891 | |
66A |
- | - | - | - | - | - | - | 18,951 | - | - | - | |
9901 |
-13,258 | -26,346 | -1,191 | -1,645 | -22,007 | 11,598 | 2,053 | -18,757 | -503 | -501 | -2,921 | |
75/76B |
- | 0 | - | - | - | 0 | 8,288 | - | - | - | - | |
75 |
- | 0 | - | - | - | 0 | - | - | - | - | - | |
76B |
- | - | - | - | - | - | 8,288 | - | - | - | - | |
65/66B |
202 | 31 | 32 | 32 | 131 | 49 | 36 | 8,324 | 38 | 150 | 13 | |
65 |
202 | 31 | 32 | 32 | 131 | 49 | 36 | 430 | 38 | 150 | 13 | |
66B |
- | - | - | - | - | - | - | 7,894 | - | - | - | |
9903 |
-13,460 | -26,377 | -1,223 | -1,678 | -22,137 | 11,549 | 10,305 | -27,082 | -541 | -651 | -2,934 | |
9904 |
-13,460 | -26,377 | -1,223 | -1,678 | -22,137 | 11,549 | 10,305 | -27,082 | -541 | -651 | -2,934 | |
9905 |
-13,460 | -26,377 | -1,223 | -1,678 | -22,137 | 11,549 | 10,305 | -27,082 | -541 | -651 | -2,934 | |
| Appropriation of the result | ||||||||||||
9906 |
-74,228 | -60,768 | -34,392 | -33,169 | -31,491 | -9,354 | -20,903 | -31,208 | -4,126 | -3,585 | -2,934 | |
14P |
-60,768 | -34,392 | -33,169 | - | - | - | - | - | - | - | - | |
| Document | ||||||||||||
The notes to these accounts have 1 item. You find them in the filed accounts (PDF).
Source: Annual accounts 2024 (PDF), filed on 18-06-2025.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2024 | full format | 18-06-2025 | 2025-00162588 | |
| 31-12-2023 | full format | 14-08-2024 | 2024-00348366 | |
| 31-12-2022 | full format | 17-08-2023 | 2023-00342503 | |
| 31-12-2021 | full format | 18-08-2022 | 2022-20298778 | |
| 31-12-2020 | full format | 18-06-2021 | 2021-21600516 | |
| 31-12-2019 | full format | 25-08-2020 | 2020-44500571 | |
| 31-12-2018 | full format | 09-07-2019 | 2019-30700426 | |
| 31-12-2017 | full format | 30-08-2018 | 2018-54600240 | |
| 31-12-2016 | full format | 30-08-2017 | 2017-52000320 | |
| 31-12-2015 | full format | 25-08-2016 | 2016-48500419 | |
| 31-12-2014 | full format | 23-03-2016 | 2016-07200089 | |
| 31-12-2013 | full format | 06-10-2014 | 2014-63700392 |
| Line | Trend | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| - | - | - | - | - | - | - | - | - | - | -2,390 | ||
| - | - | - | - | - | - | - | - | - | - | -2,403 | ||
| - | - | 3,976 | 872 | -7,203 | 7,191 | -36 | 47 | -38 | -287 | - | ||
| -55,373 | -41,999 | -15,631 | -13,584 | -12,819 | 9,318 | -2,233 | -12,471 | 9,560 | 9,945 | 10,443 | ||
| - | - | - | - | - | 11.4% | - | - | - | - | - | ||
| -425.0% | -160.6% | -27.6% | -27.4% | -22.9% | 10.3% | - | - | 22.2% | 27.5% | 26.9% | ||
| 0.19 | 0.38 | 0.79 | 0.80 | 0.81 | 1.12 | - | - | 28.51 | - | 5.88 | ||
| 0.00 | 0.00 | 0.07 | 0.01 | 0.06 | 0.28 | - | - | 28.51 | - | 5.88 | ||
| - | - | - | - | - | 8.74 | - | - | 0.58 | 0.29 | 0.82 | ||
| - | - | - | - | - | 124.9% | - | - | -24.6% | -23.8% | -86.5% | ||
| -102.8% | -100.5% | -2.1% | -3.1% | -39.3% | 12.8% | - | - | -5.5% | -6.5% | -23.3% | ||
| - | - | - | - | - | 54 days | - | - | - | - | - | ||
| - | - | - | - | - | 43 days | - | - | - | - | - |
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
The operating result for 2024 is a loss of €13,699, larger than the loss of €13,258 in 2023.
Equity is negative. Debt exceeds all assets together.
ZEVASSI has no parent and no holdings in its annual accounts. ZEVASSI shares no director with another company.
| INTEGRATED SOLUTIONS ENTERPRISE EUROPE
registered office since 16-09-2005 · founded in 2005 |
2.1 FTE (2025) 0875.180.421 |
| INTERPART IMPEX
registered office since 14-11-2014 · founded in 2014 · accounts filed late |
total assets €4.3m (2024) 0567.803.950 |
| HANALEI
establishment since 01-02-2001 · founded in 2000 |
3.7 FTE (2026) 0473.604.181 |
| HepaVue Dx
registered office since 23-06-2023 · founded in 2023 |
total assets €3.7m (2025) 0803.100.414 |
| LES AMIS DE LA GERIATRIE
establishment since 04-01-2021 · founded in 2021 · accounts filed late |
19 FTE (2023) 0760.780.304 |
| TRAVELSAFE
establishment since 04-08-2016 · founded in 2016 |
0.4 FTE (2025) 0660.700.256 |
| KEY CONTRACTING
establishment since 05-10-2021 · founded in 2021 |
total assets €664,208 (2025) 0768.249.896 |
| PROPRISM
establishment since 09-06-2015 · founded in 2015 |
2.7 FTE (2025) 0631.864.433 |
| RESO PARTNER
registered office since 20-04-2016 · founded in 2016 |
total assets €471,552 (2025) 0652.695.380 |
| ENERGIEBEL
registered office since 01-06-1990 · founded in 1990 · accounts filed late |
total assets €429,898 (2024) 0441.893.101 |
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Drève Richelle 161 M registered office 1410 Waterloo |
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