ZF Construct
ActiveSummary
The computed 12-month bankruptcy probability of ZF Construct is 1.9% (moderate). The 2026 annual accounts show equity of €143k and a net result of €31k. Equity is growing by ~30% per year across the filed fiscal years. Its solvency ranks better than 59% of 74 sector peers (fiscal year 2026). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2026
78
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2025
Profitability86▼-8
Solvency90▲+1
Growth52=
Track record94
Bankruptcy probability, 12 months
1.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €11k at 30 days acceptable
Liquidity ample (current ratio 3.27 against 2.76 in 2025; short-term debt: 22.2% and cash: 70.4% of total assets), and 35.5% of the assets are financed with debt.
Credit advice for your own amount and term
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 41
Relative position
BE, all sectors
reference
Sector 41
higher
← 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 2026Solvency, return and age of the figures
Solvency
64.5%
Return on assets
14.1%
Age of the figures
6 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 31-08-2026, 61 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2026
61 d early
2025
37 d early
2024
42 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-03-2027 close31-10-2027 deadline
Financials · fiscal year 2026, micro schema
Turnover
€751k
EBIT margin
12.7%
Net result
€31k▼ 12.6%
2025 · €36k
2024: €73k
2025: €36k
2024 → 2026
Working capital
€112k▲ 20.6%
2025 · €93k
2024: €54k
2025: €93k
2024 → 2026
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202420252026Trend
Turnover€751k-
Equity€76k-€112k▲ 47.1%€143k▲ 28.0%
Operating result€95k-€47k▼ 50.3%€45k▼ 4.5%
Net result€73k-€36k▼ 51.0%€31k▼ 12.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2026 is 4% below 2025 and is the lowest result in the available series.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €222k
Fixed assets
€61k ▲ 109%
Current assets
€161k ▲ 10.9%
Equity and liabilities €222k
Equity
€143k ▲ 28.0%
Debt
€79k ▲ 26.2%
Debt's share of the balance-sheet total falls from 35.8% to 35.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€66k▲
2025 · €63k
Cash flow
€52k▲
2025 · €51k
Current ratio
3.27▲
2025 · 2.76
Debt to equity
0.55▼
2025 · 0.56
ROE
21.8%▼
2025 · 32.0%
ROA
14.1%▼
2025 · 20.6%
Interest coverage
46.18▼
2025 · 49.01
Debt ≤ 1 year
€49k▼
2025 · €53k
Debt > 1 year
€30k▲
2025 · €10k
Income taxes
€12k▲
2025 · €10k
Staff costs
€39k▲
2025 · €38k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2026 against 2025 · 41 lines
Balance sheet
Code20252026
Assets
Total assets20/58€174k€222k▲
Fixed assets21/28€29k€61k▲
Tangible fixed assets22/27€29k€61k▲
Plant, machinery and equipment23€2k€3k▲
Furniture and vehicles24€27k€58k▲
Current assets29/58€145k€161k▲
Amounts receivable within one year40/41€16k€1k▼
Trade receivables40€15k€300▼
Other amounts receivable41€539€737▲
Cash at bank and in hand54/58€125k€156k▲
Deferred charges and accrued income490/1€5k€4k▼
Equity and liabilities
Total equity and liabilities10/49€174k€222k▲
Equity10/15€112k€143k▲
Contributions10/11€3k€3k=
Profit (loss) carried forward14€109k€140k▲
Amounts payable17/49€62k€79k▲
Amounts payable after more than one year17€10k€30k▲
Financial debts170/4€10k€30k▲
Amounts payable within one year42/48€53k€49k▼
Current portion of amounts payable after more than one year42€9k€21k▲
Trade debts44€28k€9k▼
Suppliers440/4€28k€9k▼
Taxes, remuneration and social security45€15k€19k▲
Taxes450/3€12k€12k▲
Remuneration and social security454/9€3k€7k▲
Other amounts payable47/48-€126
Income statement
Code20252026
Remuneration, social security and pensions62€38k€39k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15k€21k▲
Other operating charges640/8€1k€2k▲
Gross operating margin9900€102k€106k▲
Operating profit (loss)9901€47k€45k▼
Financial income75/76B€23€2▼
Recurring financial income75€23€2▼
Financial charges65/66B€1k€1k▲
Recurring financial charges65€1k€1k▲
Profit (loss) for the period before taxes9903€46k€44k▼
Income taxes67/77€10k€12k▲
Profit (loss) for the period9904€36k€31k▼
Profit (loss) for the period to be appropriated9905€36k€31k▼
Appropriation of the result
Profit (loss) to be appropriated9906€109k€140k▲
Profit (loss) brought forward from the previous period14P€73k€109k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2027, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2026 · micro schema
31-03
Financial
Weakest financial yearnet €31k ▼12.6%
Net result drops to €31k, the lowest in the series.
2025
24-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
31-03
Financial
Equity above €100kEq €112k ▲47.1%
2 profitable years in a row build equity to €112k.
2024
19-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Liedekerke · 1 establishment unit since 2022
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Hoefstraat 1661770 LiedekerkeGround area
977 m²
Building footprint
227 m²
Volume, LiDAR
1,130 m³
2 parcels, Flanders · tallest building 9.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ZF Construct
since 20222.332.694.897
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23762C0207/00S000 | Flanders | 750 m² | 1 · 156 m² | 9.6 m · 1 fl. |
| 23044A0446/00Z000 | Flanders | 228 m² | 1 · 71 m² | 9.6 m · 2 fl. |
Linked by address, not proof of ownership
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.
Similar companies · same sector, comparable size
ARCLO
BE 0676.520.263
Wervik · Eq €143,404
Mortier Dirk
BE 0875.796.172
Lievegem · Eq €143,391
S M P
BE 0756.819.239
Berlaar · Eq €143,420
HAGELAND BOUWGROEP
BE 0563.655.518
Geetbets · Eq €143,334
RENO-VER
BE 0553.583.156
Oudenaarde · Eq €143,473
Of 29,797 companies in sector 41001 we hold annual accounts for 16,049. 12,723 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded28-06-2022
Fiscal year end31-03
Activities, NACEBEL 2025
41001General construction of residential buildings
43120Site preparation
43221Plumbing work
43222Installation of electric heating, air conditioning, cooling and ventilation
43240Other construction installation
43422Screed work
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.