ZEZER
ActiveSummary
ZEZER has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €8,985 and a net result of -€2,750. Equity is shrinking by ~4.1% per year across the filed fiscal years. Its solvency ranks better than 95% of 6537 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability0▼-93
Solvency100▲+6
Growth34▼-32
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Liquidity ample (current ratio 13.92 against 3.24 in 2023; short-term debt: 7.2% and cash: 31.3% of total assets), and 7.2% 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
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
92.8%
Return on assets
-28.4%
Age of the figures
21 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-12-2025, 153 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
153 d late
2023
61 d late
2021
153 d late
2020
153 d late
2018
31 d late
2017
153 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 117 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (1)
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 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 How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
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 2024, full schema
Turnover
€21,972▼ 8.0%
2023 · €23,893
EBIT margin
-12.1%▼ 28.3pp
2023 · 16.2%
Net result
-€2,750
2023 · €3,793
Working capital
€8,985▼ 23.4%
2023 · €11,735
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, 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
Line20182020202120232024
Turnover€21,028-€19,754-€26,735▲ 35.3%€23,893-€21,972▼ 8.0%
Operating result€1,545--€747--€675▲ 9.7%€3,873--€2,666
Net result€1,454--€835below the sector's middle half--€734below the sector's middle half▲ 12.1%€3,793within the sector's middle half--€2,750below the sector's middle half
EBIT margin7.3%--3.8%--2.5%▲ 1.3pp16.2%--12.1%▼ 28.3pp
Equity€11,537-€13,309below the sector's middle half-€12,576below the sector's middle half▼ 5.5%€11,735within the sector's middle half-€8,985below the sector's middle half▼ 23.4%
Total assets€11,917-€13,403below the sector's middle half-€12,712below the sector's middle half▼ 5.2%€16,979below the sector's middle half-€9,681below the sector's middle half▼ 43.0%
Debt€379-€93-€136▲ 46.1%€5,244-€696▼ 86.7%
Working capital€11,537-€13,309-€12,576▼ 5.5%€11,735-€8,985▼ 23.4%
Solvency96.8%-99.3%above the sector's middle half-98.9%above the sector's middle half▼ 0.4pp69.1%above the sector's middle half-92.8%above the sector's middle half▲ 23.7pp
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €2,666 after €3,873 in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €9,681
Equity
€8,985 ▼ 23.4%
Debt
€696 ▼ 86.7%
Debt's share of the balance-sheet total falls from 30.9% to 7.2%. Equity and debt are lower.
Key figures and ratios
Current ratio
13.92▲
2023 · 3.24
Quick ratio
4.35▲
2023 · 0.79
Debt to equity
0.08▼
2023 · 0.45
ROE
-30.6%▼
2023 · 32.3%
ROA
-28.4%▼
2023 · 22.3%
Debt ≤ 1 year
€696▼
2023 · €5,244
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,827 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a loss of 10% of the balance sheet or more
1.5%
went bankrupt
14%
stopped otherwise
84%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.9% 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 497,058 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 5,827 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 | 2018 | 2020 | 2021 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €21,028 | €19,754 | €26,735 | €23,893 | €21,972 | ▼ 8.0% |
| Non-recurring operating income76A | - | - | €2,250 | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | €29,196 | €19,535 | €24,265 | ▲ 24.2% |
| Other operating charges640/8 | - | - | €465 | €485 | €374 | ▼ 22.9% |
| Gross operating margin9900 | €2,817 | -€346 | -€210 | €4,358 | -€2,293 | ▼ 153% |
| Operating profit (loss)9901 | €1,545 | -€747 | -€675 | €3,873 | -€2,666 | ▼ 169% |
| Financial charges65/66B | - | - | €59 | €80 | €84 | ▲ 5.2% |
| Recurring financial charges65 | €91 | €88 | €59 | €80 | €84 | ▲ 5.2% |
| Profit (loss) for the period before taxes9903 | €1,454 | -€835 | -€734 | €3,793 | -€2,750 | ▼ 172% |
| Profit (loss) for the period9904 | €1,454 | -€835 | -€734 | €3,793 | -€2,750 | ▼ 172% |
| Profit (loss) for the period to be appropriated9905 | €1,454 | -€835 | -€734 | €3,793 | -€2,750 | ▼ 172% |
| Line | 2018 | 2020 | 2021 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €11,917 | €13,403 | €12,712 | €16,979 | €9,681 | ▼ 43.0% |
| Current assets29/58 | €11,917 | €13,403 | €12,712 | €16,979 | €9,681 | ▼ 43.0% |
| Stocks and contracts in progress3 | €11,487 | €11,891 | €2,286 | €12,831 | €6,653 | ▼ 48.2% |
| Stocks30/36 | - | - | €2,286 | €12,831 | €6,653 | ▼ 48.2% |
| Amounts receivable within one year40/41 | - | - | €8,000 | €3,000 | - | - |
| Other amounts receivable41 | - | - | €8,000 | €3,000 | - | - |
| Cash at bank and in hand54/58 | €430 | €1,512 | €2,426 | €1,149 | €3,028 | ▲ 164% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €11,917 | €13,403 | €12,712 | €16,979 | €9,681 | ▼ 43.0% |
| Equity10/15 | €11,537 | €13,309 | €12,576 | €11,735 | €8,985 | ▼ 23.4% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | - | - | €18,600 | €18,600 | €18,600 | = |
| Issued capital100 | - | - | €18,600 | €18,600 | €18,600 | = |
| Profit (loss) carried forward14 | -€7,063 | -€5,291 | -€6,024 | -€6,865 | -€9,615 | ▼ 40.1% |
| Amounts payable17/49 | €379 | €93 | €136 | €5,244 | €696 | ▼ 86.7% |
| Amounts payable within one year42/48 | €379 | €93 | €136 | €5,244 | €696 | ▼ 86.7% |
| Trade debts44 | €379 | €93 | €136 | €5,244 | €696 | ▼ 86.7% |
| Suppliers440/4 | - | - | €136 | €5,244 | €696 | ▼ 86.7% |
| Line | 2018 | 2020 | 2021 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,454 | -€835 | -€734 | €3,793 | -€2,750 | ▼ 172% |
| Operating cash flow (approximation) | €1,454 | -€835 | -€734 | €3,793 | -€2,750 | ▼ 172% |
| Change in cash | - | - | €914 | - | €1,880 | - |
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
2025
31-12
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 153 days late
2024
31-12
Financial
Weakest financial yearnet -€2,750
Net result drops to -€2,750, the lowest in the series.
31-12
Financial
Liquidity quadruplescurrent ratio 13.92
Current ratio from 3.24 to 13.92; short-term debt falls from €5,244 to €696.
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
31-12
Financial
Back to profitnet €3,793
Net result €3,793 after 2 loss-making years.
2022
31-12
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 153 days late
2021
31-12
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 153 days late
2020
31-12
Financial
Liquidity times 5current ratio 143.76
Current ratio from 31.42 to 143.76; short-term debt falls from €379 to €93.
2019
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 31 days late
2018
31-12
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 153 days late
2015
30-09
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 61 days late
2014
31-12
NBB filing
Annual accounts filed
fiscal year 2013 · full schema · 153 days late
2013
31-12
NBB filing
Annual accounts filed
fiscal year 2012 · full schema · 153 days late
2012
31-12
NBB filing
Annual accounts filed
fiscal year 2011 · full schema · 153 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Charleroi · 1 establishment unit since 1994
Ground area
542 m²
Building footprint
94 m²
Volume, LiDAR
1,146 m³
Parcel 52026C0275/00A002, Wallonia · tallest building 13.6 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
ZEZER
since 19942.065.883.333
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52026C0275/00A002 | Wallonia | 542 m² | 1 · 94 m² | 13.6 m · 4 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteCharleroi2.065.883.333
Similar companies · same sector, comparable size
Point Elec
BE 1017.240.582
Liège · Eq €8,857
DEVILUX
BE 0467.218.910
Chaumont-Gistoux · Eq €8,562
Metrac International
BE 0424.175.060
Ukkel · Eq €8,559
FUL Lighting
BE 0719.555.304
Hasselt · Eq €9,646
CADO DECOR
BE 0439.429.103
Schaarbeek · Eq €8,248
Of 765 companies in sector 47552 we hold annual accounts for 444. 148 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 (pre-2019)
Founded29-12-1993
Fiscal year end31-12
Activities, NACEBEL 2025
47552Retail sale of lighting equipment
47784Retail sale of souvenirs and religious articles
E-invoicing
Reachable via Peppol
Peppol ID
0208:0451989415
Also
9925:BE0451989415
Registered
08-02-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.