Summary
Conclusion
the dossier summarised in one paragraphThe file of ZFS contains 1 interim measure, as published in the Belgian State Gazette. The computed 12-month bankruptcy probability is 3.2% (moderate). The 2018 annual accounts show negative equity (€-104k) and a net result of €-110k.
Based on the State Gazette, CBE and 1 annual account.
Bankruptcy probability (12 mo)
Checked model v1 · free for everyoneStatistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
Insolvency timeline
1 eventsSignals
Insufficient current data: the most recent filed accounts (financial year 2018) are too old to derive current signals.
Trust signals
1 signalAdministrative Flags
0 eventsFinancials
Annual accounts & ratios
Source: NBB · 2018| Fiscal year | 2018 |
|---|---|
| Revenue | €61k |
| EBITDA | €-45k |
| Net profit | €-110k |
| Cash flow | €-107k |
| Staff costs | - |
| Income taxes | - |
| Dividends | - |
| Total assets | €19k |
| Equity | €-104k |
| Debt | €123k |
| of which ≤ 1y | €123k |
| of which > 1y | - |
| Working capital | €-114k |
| Employees (FTE) | - |
| 2018 | |
|---|---|
| Current ratio | 0.08 |
| Quick ratio | 0.08 |
| Working capital ratio | -586.4% |
| Solvency | -534.0% |
| Debt / equity | - |
| Long-term debt ratio | - |
| Interest coverage | - |
| Gross margin | - |
| Net margin | -181.1% |
| ROA | -565.8% |
| ROE | 106.0% |
| EBITDA margin | -74.4% |
| Days sales outstanding | 7d |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
| Line item | Code | 2018 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €19k |
| Fixed assets | 21/28 | €10k |
| Formation expenses | 20 | €268 |
| Tangible fixed assets | 22/27 | €10k |
| Current assets | 29/58 | €9k |
| Amounts receivable within one year | 40/41 | €1k |
| Cash & bank | 54/58 | €8k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €19k |
| Equity | 10/15 | €-104k |
| Contributions / capital | 10/11 | €6k |
| Accumulated profits (losses) | 14 | €-110k |
| Amounts payable | 17/49 | €123k |
| Amounts payable within one year | 42/48 | €123k |
| Trade debts payable within one year | 44 | €123 |
| Income statement | ||
| Turnover | 70 | €61k |
| Gross operating margin | 9900 | €-40k |
| Operating result | 9901 | €-49k |
| Financial charges | 65 | €225 |
| Result before taxes | 9903 | €-49k |
| Net result for the period | 9904 | €-49k |
| Result to be appropriated | 9905 | €-49k |
Health barometer
FY 2018 · computedUnlock the full score breakdown, per-year score history and the indicative credit limit with Plus.
See plans →Structure & network
Locations & real estate
Establishment units
1 locationReal-estate footprint
Source: CBE × cadastre · address linkingParcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21614E0126/00A002 | Brussels | 1,616 m² | 1 · 1,089 m² | 12.7 m · 2 fl. |
| 44810K0066/00K018 | Flanders | 50 m² | 1 · 46 m² | 12.2 m · 3 fl. |
Publications
Lifecycle & Insolvency Signals
1 event from the State GazetteTime machine: BS events + macro context
2021-2026Analysis
Snowflake analysis
financial profile on 5 axesFragile profile, watch health in particular.
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Credit advice
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Company registry (CBE)
Crossroads Bank| Legal nameNL | ZFS |