ZEYD
ActiveSummary
The computed 12-month bankruptcy probability of ZEYD is 2.0% (moderate). The 2025 annual accounts show equity of €33,045 and a net result of €23,475. Equity is growing by ~24% per year across the filed fiscal years. Its solvency ranks better than 58% of 28184 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+3
Solvency80▼-20
Growth78▲+26
Track record94
Bankruptcy probability, 12 months
2.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,500 at 30 days acceptable
Liquidity ample (current ratio 1.96 against 4.53 in 2024; short-term debt: 45.3% and cash: 50.9% of total assets), and 45.3% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
54.7%
Return on assets
38.8%
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 06-07-2026, 25 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
25 d early
2024
29 d early
2023
36 d early
2022
46 d early
2021
38 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 35 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% 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.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Public money
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€33,045▼ 54.7%
2024 · €72,890
Total assets
€60,454▼ 31.0%
2024 · €87,622
Net result
€23,475▲ 17.2%
2024 · €20,037
Working capital
€26,368▼ 49.3%
2024 · €52,020
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€27,970-€26,419▼ 5.5%€9,830▼ 62.8%€28,028▲ 185%€30,339▲ 8.2%
Net result€22,087within the sector's middle half-€20,032within the sector's middle half▼ 9.3%€7,733within the sector's middle half▼ 61.4%€20,037within the sector's middle half▲ 159%€23,475within the sector's middle half▲ 17.2%
Equity€25,087within the sector's middle half-€45,119within the sector's middle half▲ 79.9%€52,852within the sector's middle half▲ 17.1%€72,890within the sector's middle half▲ 37.9%€33,045within the sector's middle half▼ 54.7%
Total assets€43,783below the sector's middle half-€66,383below the sector's middle half▲ 51.6%€87,001within the sector's middle half▲ 31.1%€87,622within the sector's middle half▲ 0.7%€60,454below the sector's middle half▼ 31.0%
Debt€18,696-€21,264▲ 13.7%€34,148▲ 60.6%€14,733▼ 56.9%€27,409▲ 86.0%
Working capital€25,087-€44,211▲ 76.2%€59,538▲ 34.7%€52,020▼ 12.6%€26,368▼ 49.3%
Solvency57.3%within the sector's middle half-68.0%above the sector's middle half▲ 10.7pp60.7%within the sector's middle half▼ 7.2pp83.2%above the sector's middle half▲ 22.4pp54.7%within the sector's middle half▼ 28.5pp
Staff (FTE)0.91▲ 11.1%
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 8% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €60,454
Fixed assets
€6,677 ▼ 68.0%
Current assets
€53,777 ▼ 19.4%
Equity and liabilities €60,454
Equity
€33,045 ▼ 54.7%
Debt
€27,409 ▲ 86.0%
Debt's share of the balance-sheet total rises from 16.8% to 45.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€32,808▲
2024 · €30,839
Cash flow
€25,944▲
2024 · €22,849
Current ratio
1.96▼
2024 · 4.53
Debt to equity
0.83▲
2024 · 0.20
ROE
71.0%▲
2024 · 27.5%
ROA
38.8%▲
2024 · 22.9%
Interest coverage
65.21▲
2024 · 27.55
Debt ≤ 1 year
€27,409▲
2024 · €14,733
Income taxes
€8,377▲
2024 · €7,388
Staff costs
€180▼
2024 · €393
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,964 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.5%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 2.0% 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 497,058 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% | 1.6% |
| 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 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 26,964 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €24,475 | - |
| Remuneration, social security and pensions62 | €498 | €16,374 | €20,478 | €393 | €180 | ▼ 54.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €252 | €899 | €2,811 | €2,469 | ▼ 12.2% |
| Other operating charges640/8 | €1,023 | €1,774 | €1,495 | €1,683 | €1,156 | ▼ 31.3% |
| Non-recurring operating charges66A | €231 | €175 | - | €1,512 | €684 | ▼ 54.8% |
| Gross operating margin9900 | €29,722 | €44,994 | €32,701 | €34,427 | €34,828 | ▲ 1.2% |
| Operating profit (loss)9901 | €27,970 | €26,419 | €9,830 | €28,028 | €30,339 | ▲ 8.2% |
| Financial income75/76B | - | €362 | €1,693 | €525 | €2,016 | ▲ 284% |
| Recurring financial income75 | - | €362 | €1,693 | €525 | €1,818 | ▲ 246% |
| Non-recurring financial income76B | - | - | - | - | €198 | - |
| Financial charges65/66B | €28 | €71 | €97 | €1,128 | €503 | ▼ 55.4% |
| Recurring financial charges65 | €28 | €71 | €97 | €1,119 | €503 | ▼ 55.0% |
| Non-recurring financial charges66B | - | - | - | €8 | - | - |
| Profit (loss) for the period before taxes9903 | €27,942 | €26,710 | €11,426 | €27,425 | €31,852 | ▲ 16.1% |
| Income taxes67/77 | €5,855 | €6,678 | €3,692 | €7,388 | €8,377 | ▲ 13.4% |
| Profit (loss) for the period9904 | €22,087 | €20,032 | €7,733 | €20,037 | €23,475 | ▲ 17.2% |
| Profit (loss) for the period to be appropriated9905 | €22,087 | €20,032 | €7,733 | €20,037 | €23,475 | ▲ 17.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €43,783 | €66,383 | €87,001 | €87,622 | €60,454 | ▼ 31.0% |
| Fixed assets21/28 | - | €908 | €3,355 | €20,870 | €6,677 | ▼ 68.0% |
| Tangible fixed assets22/27 | - | €908 | €3,355 | €19,920 | €5,727 | ▼ 71.2% |
| Furniture and vehicles24 | - | €908 | €3,355 | €19,920 | €5,727 | ▼ 71.2% |
| Financial fixed assets28 | - | - | - | €950 | €950 | = |
| Current assets29/58 | €43,783 | €65,475 | €83,646 | €66,753 | €53,777 | ▼ 19.4% |
| Amounts receivable within one year40/41 | €7,089 | €49,670 | €61,090 | €43,293 | €20,446 | ▼ 52.8% |
| Trade receivables40 | €6,256 | €2,160 | €31,939 | €41,045 | €11,314 | ▼ 72.4% |
| Other amounts receivable41 | €833 | €47,510 | €29,151 | €2,248 | €9,133 | ▲ 306% |
| Cash at bank and in hand54/58 | €34,869 | €13,099 | €22,356 | €22,834 | €30,745 | ▲ 34.6% |
| Deferred charges and accrued income490/1 | €1,825 | €2,706 | €201 | €625 | €2,585 | ▲ 314% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €43,783 | €66,383 | €87,001 | €87,622 | €60,454 | ▼ 31.0% |
| Equity10/15 | €25,087 | €45,119 | €52,852 | €72,890 | €33,045 | ▼ 54.7% |
| Contributions10/11 | €3,000 | €3,000 | €3,000 | €3,000 | €3,000 | = |
| Reserves13 | €22,087 | €42,119 | €49,852 | €69,890 | €30,045 | ▼ 57.0% |
| Distributable reserves133 | €22,087 | €42,119 | €49,852 | €69,890 | €30,045 | ▼ 57.0% |
| Amounts payable17/49 | €18,696 | €21,264 | €34,148 | €14,733 | €27,409 | ▲ 86.0% |
| Amounts payable after more than one year17 | - | - | €10,000 | - | - | - |
| Other amounts payable178/9 | - | - | €10,000 | - | - | - |
| Amounts payable within one year42/48 | €18,696 | €21,264 | €24,108 | €14,733 | €27,409 | ▲ 86.0% |
| Trade debts44 | €5,631 | €4,328 | €1,759 | €3,752 | €22,032 | ▲ 487% |
| Suppliers440/4 | €5,631 | €4,328 | €1,759 | €3,752 | €22,032 | ▲ 487% |
| Taxes, remuneration and social security45 | €5,855 | €16,936 | €22,348 | €10,981 | €5,377 | ▼ 51.0% |
| Taxes450/3 | €5,855 | €13,540 | €10,271 | €10,981 | €5,377 | ▼ 51.0% |
| Remuneration and social security454/9 | - | €3,396 | €12,077 | - | - | - |
| Other amounts payable47/48 | €7,210 | - | - | - | - | - |
| Accrued charges and deferred income492/3 | - | - | €40 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €22,087 | €20,032 | €7,733 | €20,037 | €23,475 | ▲ 17.2% |
| + Depreciation and write-downs630 | - | €252 | €899 | €2,811 | €2,469 | ▼ 12.2% |
| Operating cash flow (approximation) | €22,087 | €20,284 | €8,632 | €22,849 | €25,944 | ▲ 13.5% |
| Investment in fixed assets (approximation) | - | - | -€3,346 | -€20,326 | €11,724 | ▲ 158% |
| Change in cash | - | -€21,770 | €9,257 | €479 | €7,911 | ▲ 1,552% |
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
06-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2021net €23,475 ▲17.2%
Operating result €30,339, net result €23,475, both a record.
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
25-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €7,733 ▼61.4%
Net result drops to €7,733, the lowest in the series; recovery starts the following year.
15-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
23-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
2 acts for this company are 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, Heusden-Zolder · 1 establishment unit since 2021
Ground area
174 m²
Building footprint
7 m²
Volume, LiDAR
88 m³
Parcel 71025A0073/00C096, Flanders · tallest building 15.6 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
ZEYD
since 20212.313.246.991
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71025A0073/00C096 | Flanders | 174 m² | 1 · 7 m² | 15.6 m · 5 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.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 296 EUR awarded · 296 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 296 EUR | 296 EUR |
Recognitions · licences · registrations
Recognised contractor
2 categoriesZEYD BV41816
Similar companies · same sector, comparable size
JEKOTECH
BE 0740.811.566
Denderleeuw · Eq €33,008
TD SANITAIR
BE 0843.190.613
Vilvoorde · Eq €33,114
COUSSENS JOOST
BE 0443.827.062
Wielsbeke · Eq €32,941
THERM-IC
BE 0672.766.066
Schaarbeek · Eq €33,220
INSTALLATIEBEDRIJF KORTLEVEN
BE 0785.839.263
Maasmechelen · Eq €32,862
Of 9,536 companies in sector 43222 we hold annual accounts for 5,669. 4,133 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded09-02-2021
Fiscal year end31-12
Activities, NACEBEL 2025
43222Installation of electric heating, air conditioning, cooling and ventilation
43211General electrical installation work
43212Electrical installation work in industrial facilities
43240Other construction installation
E-invoicing
Reachable via Peppol
Peppol ID
0208:0763407717
Also
9925:BE0763407717
Registered
08-01-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.