ZEVEN
ActiveSummary
ZEVEN has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €265,291 and a net result of €26,052. Equity remains stable across the filed fiscal years (±1.5% per year). Its solvency ranks better than 46% of 985 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability74▼-5
Solvency71▲+8
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €19,000 at 30 days acceptable
Liquidity tight (current ratio 1.45 against 1.2 in 2024; short-term debt: 38% and cash: 3.2% of total assets), and 53.9% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
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
46.1%
Return on assets
4.5%
Age of the figures
9 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 18
Relative position
BE, all sectors
reference
Printing and reproduction of recorded media (NACE 18)
about 11% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €265,291
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 21-04-2026, 101 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
101 d early
2024
76 d early
2023
65 d late
2022
65 d late
2021
85 d late
2020
1 d early
2019
31 d 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 1 day after the deadline; the sector median for financial year 2024 is 5 days before the deadline, and 38% of the sector filed 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. Usually files around 4 October (4 of the last 5 filed years within 141 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€265,291▲ 10.9%
2024 · €239,240
Total assets
€576,050▼ 9.1%
2024 · €633,792
Net result
€26,052▼ 48.7%
2024 · €50,774
Working capital
€99,031▲ 107%
2024 · €47,769
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 18, Printing and reproduction of recorded media, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€66,292▼ 16.3%-€103,928€2,511€62,347▲ 2,383%€34,782▼ 44.2%
Net result€46,873within the sector's middle half▼ 15.3%-€115,149below the sector's middle half-€9,635below the sector's middle half▲ 91.6%€50,774above the sector's middle half€26,052above the sector's middle half▼ 48.7%
Equity€307,050within the sector's middle half▲ 18.0%€191,901within the sector's middle half▼ 37.5%€188,466within the sector's middle half▼ 1.8%€239,240above the sector's middle half▲ 26.9%€265,291above the sector's middle half▲ 10.9%
Total assets€926,606within the sector's middle half▲ 17.9%€786,944within the sector's middle half▼ 15.1%€710,745within the sector's middle half▼ 9.7%€633,792above the sector's middle half▼ 10.8%€576,050above the sector's middle half▼ 9.1%
Debt€619,556▲ 17.9%€595,042▼ 4.0%€522,278▼ 12.2%€394,553▼ 24.5%€310,759▼ 21.2%
Working capital€137,641within the sector's middle half▲ 13.4%€21,658within the sector's middle half▼ 84.3%€8,042within the sector's middle half▼ 62.9%€47,769within the sector's middle half▲ 494%€99,031within the sector's middle half▲ 107%
Solvency33.1%within the sector's middle half=24.4%within the sector's middle half▼ 8.8pp26.5%within the sector's middle half▲ 2.1pp37.7%within the sector's middle half▲ 11.2pp46.1%within the sector's middle half▲ 8.3pp
Current ratio1.51within the sector's middle half▲ 0.081.07within the sector's middle half▼ 0.441.03within the sector's middle half▼ 0.041.20within the sector's middle half▲ 0.171.45within the sector's middle half▲ 0.26
Return on assets (ROA)5.1%within the sector's middle half▼ 2.0pp-14.6%below the sector's middle half▼ 19.7pp-1.4%below the sector's middle half▲ 13.3pp8.0%within the sector's middle half▲ 9.4pp4.5%within the sector's middle half▼ 3.5pp
Staff (FTE)2.9below the sector's middle half▼ 3.3%3.4within the sector's middle half▲ 17.2%3.7within the sector's middle half▲ 8.8%5▲ 35.1%5=
above
within
below
the middle half (P25 to P75) of NACE 18, Printing and reproduction of recorded media, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 44% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €576,050
Fixed assets
€257,920 ▼ 24.5%
Current assets
€318,130 ▲ 8.8%
Equity and liabilities €576,050
Equity
€265,291 ▲ 10.9%
Debt
€310,759 ▼ 21.2%
Debt's share of the balance-sheet total falls from 62.3% to 53.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€118,325▼
2024 · €142,830
Cash flow
€109,595▼
2024 · €131,257
Quick ratio
0.93▲
2024 · 0.74
Debt to equity
1.17▼
2024 · 1.65
ROE
9.8%▼
2024 · 21.2%
Interest coverage
12.54▲
2024 · 11.61
Debt ≤ 1 year
€219,099▼
2024 · €244,560
Debt > 1 year
€86,509▼
2024 · €147,206
Income taxes
€475▲
2024 · €272
Staff costs
€240,495▲
2024 · €230,095
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,040 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.5%
went bankrupt
4.9%
stopped otherwise
94%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 17,040 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €116,281 | €134,539 | €162,409 | €230,095 | €240,495 | ▲ 4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €72,948 | €76,354 | €77,446 | €80,483 | €83,543 | ▲ 3.8% |
| Other operating charges640/8 | €3,407 | €6,191 | €6,561 | €5,855 | €6,591 | ▲ 12.6% |
| Gross operating margin9900 | €258,928 | €113,156 | €248,927 | €378,781 | €365,411 | ▼ 3.5% |
| Operating profit (loss)9901 | €66,292 | -€103,928 | €2,511 | €62,347 | €34,782 | ▼ 44.2% |
| Financial income75/76B | €1,702 | €577 | €27 | €996 | €1,182 | ▲ 18.7% |
| Recurring financial income75 | €1,702 | €577 | €27 | €996 | €1,182 | ▲ 18.7% |
| Financial charges65/66B | €10,258 | €11,490 | €11,737 | €12,298 | €9,437 | ▼ 23.3% |
| Recurring financial charges65 | €10,258 | €11,490 | €11,737 | €12,298 | €9,437 | ▼ 23.3% |
| Profit (loss) for the period before taxes9903 | €57,736 | -€114,840 | -€9,199 | €51,046 | €26,527 | ▼ 48.0% |
| Income taxes67/77 | €10,863 | €309 | €436 | €272 | €475 | ▲ 74.8% |
| Profit (loss) for the period9904 | €46,873 | -€115,149 | -€9,635 | €50,774 | €26,052 | ▼ 48.7% |
| Profit (loss) for the period to be appropriated9905 | €46,873 | -€115,149 | -€9,635 | €50,774 | €26,052 | ▼ 48.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €926,606 | €786,944 | €710,745 | €633,792 | €576,050 | ▼ 9.1% |
| Fixed assets21/28 | €518,858 | €444,759 | €404,477 | €341,463 | €257,920 | ▼ 24.5% |
| Intangible fixed assets21 | €6,750 | €5,250 | €3,750 | €2,250 | €750 | ▼ 66.7% |
| Tangible fixed assets22/27 | €512,108 | €439,509 | €400,727 | €339,213 | €257,170 | ▼ 24.2% |
| Land and buildings22 | €284,579 | €259,004 | €235,988 | €210,154 | €184,320 | ▼ 12.3% |
| Plant, machinery and equipment23 | €37,326 | €33,037 | €60,006 | €51,574 | €41,199 | ▼ 20.1% |
| Furniture and vehicles24 | - | - | - | €15,488 | €12,388 | ▼ 20.0% |
| Leasing and similar rights25 | €190,203 | €147,468 | €104,733 | €61,998 | €19,263 | ▼ 68.9% |
| Current assets29/58 | €407,748 | €342,185 | €306,268 | €292,329 | €318,130 | ▲ 8.8% |
| Stocks and contracts in progress3 | €56,330 | €71,525 | €108,070 | €111,577 | €113,473 | ▲ 1.7% |
| Stocks30/36 | €41,328 | €47,346 | €92,309 | €89,950 | €95,231 | ▲ 5.9% |
| Contracts in progress37 | €15,002 | €24,179 | €15,761 | €21,627 | €18,243 | ▼ 15.6% |
| Amounts receivable within one year40/41 | €197,632 | €132,632 | €129,596 | €139,304 | €131,820 | ▼ 5.4% |
| Trade receivables40 | €196,454 | €124,956 | €126,834 | €137,457 | €130,300 | ▼ 5.2% |
| Other amounts receivable41 | €1,178 | €7,676 | €2,763 | €1,847 | €1,520 | ▼ 17.7% |
| Current investments50/53 | €69,005 | €8,284 | €44,300 | €25,936 | €43,642 | ▲ 68.3% |
| Cash at bank and in hand54/58 | €79,803 | €120,802 | €14,366 | €6,628 | €18,169 | ▲ 174% |
| Deferred charges and accrued income490/1 | €4,979 | €8,941 | €9,935 | €8,884 | €11,027 | ▲ 24.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €926,606 | €786,944 | €710,745 | €633,792 | €576,050 | ▼ 9.1% |
| Equity10/15 | €307,050 | €191,901 | €188,466 | €239,240 | €265,291 | ▲ 10.9% |
| Contributions10/11 | €182,800 | €182,800 | €189,000 | €189,000 | €189,000 | = |
| Reserves13 | €177,956 | €177,956 | €177,956 | €177,956 | €177,956 | = |
| Non-distributable reserves130/1 | €4,900 | €4,900 | €0 | - | - | - |
| Reserves not available under the articles1311 | €4,900 | €4,900 | €0 | - | - | - |
| Distributable reserves133 | €173,056 | €173,056 | €177,956 | €177,956 | €177,956 | = |
| Profit (loss) carried forward14 | -€53,706 | -€168,855 | -€178,490 | -€127,716 | -€101,665 | ▲ 20.4% |
| Amounts payable17/49 | €619,556 | €595,042 | €522,278 | €394,553 | €310,759 | ▼ 21.2% |
| Amounts payable after more than one year17 | €347,218 | €270,261 | €220,707 | €147,206 | €86,509 | ▼ 41.2% |
| Financial debts170/4 | €347,218 | €270,261 | €220,707 | €147,206 | €86,509 | ▼ 41.2% |
| Amounts payable within one year42/48 | €270,107 | €320,527 | €298,226 | €244,560 | €219,099 | ▼ 10.4% |
| Current portion of amounts payable after more than one year42 | €82,823 | €76,957 | €80,161 | €86,301 | €60,697 | ▼ 29.7% |
| Financial debts43 | - | - | - | €6 | €0 | ▼ 100% |
| Credit institutions430/8 | - | - | - | €6 | €0 | ▼ 100% |
| Trade debts44 | €86,358 | €137,791 | €129,235 | €86,468 | €78,125 | ▼ 9.6% |
| Suppliers440/4 | €86,358 | €137,791 | €129,235 | €86,468 | €78,125 | ▼ 9.6% |
| Advances received on contracts in progress46 | - | €250 | €0 | €799 | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | €58,601 | €63,487 | €53,410 | €37,922 | €47,546 | ▲ 25.4% |
| Taxes450/3 | €37,310 | €27,076 | €15,126 | €11,013 | €10,629 | ▼ 3.5% |
| Remuneration and social security454/9 | €21,291 | €36,411 | €38,284 | €26,909 | €36,917 | ▲ 37.2% |
| Other amounts payable47/48 | €42,324 | €42,042 | €35,420 | €33,064 | €32,731 | ▼ 1.0% |
| Accrued charges and deferred income492/3 | €2,231 | €4,255 | €3,346 | €2,786 | €5,151 | ▲ 84.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €46,873 | -€115,149 | -€9,635 | €50,774 | €26,052 | ▼ 48.7% |
| + Depreciation and write-downs630 | €72,948 | €76,354 | €77,446 | €80,483 | €83,543 | ▲ 3.8% |
| Operating cash flow (approximation) | €119,821 | -€38,795 | €67,811 | €131,257 | €109,595 | ▼ 16.5% |
| Investment in fixed assets (approximation) | - | -€2,255 | -€37,164 | -€17,470 | €0 | ▲ 100% |
| Change in cash | - | €40,999 | -€106,437 | -€7,738 | €11,540 | ▲ 249% |
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
21-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
16-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €50,774
Net result €50,774 after 2 loss-making years.
31-12
Financial
Equity above €200,000Eq €239,240 ▲26.9%
Equity rises from €188,466 to €239,240.
04-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 65 days late
2023
04-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 65 days late
2022
31-12
Financial
Weakest financial yearnet -€115,149
Net result drops to -€115,149, the lowest in the series; recovery starts the following year.
24-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 85 days late
2021
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Highest result since 2018net €55,342 ▲22,159%
Operating result €79,170, net result €55,342, both a record.
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Back to profitnet €249
Net result €249 after one loss-making year.
Show earlier events
14-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
09-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
22-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 22 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
No directors read yet: 0 of 3 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Aalst · 1 establishment unit since 2003
Ground area
1.7 ha
Building footprint
8,042 m²
Volume, LiDAR
46,018 m³
Parcel 41342B0989/00E000, Flanders · tallest building 12.3 m, ±2 floors. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
Industrielaan 25, 9320 Aalst
since 20032.232.962.566
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41342B0989/00E000 | Flanders | 1.7 ha | 1 · 8,042 m² | 12.3 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.
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Of 1,596 companies in this sector we hold annual accounts for 810. 615 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded03-04-2003
Fiscal year end31-12
Activities, NACEBEL 2025
18120Other printing
E-invoicing
Reachable via Peppol
Peppol ID
0208:0479923633
Also
9925:BE0479923633
Registered
03-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.