ZHERO
ActiveSummary
ZHERO has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €146k and a net result of €53k. Equity is growing by ~14.2% per year across the filed fiscal years. Its solvency ranks better than 52% of 14128 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability83▼-17
Solvency56▼-11
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9k at 30 days acceptable
Liquidity short (current ratio 0.42 against 0.8 in 2024; short-term debt: 22.8% and cash: 3.5% of total assets), and 68.5% of the assets are financed with debt.
Credit check 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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer 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
31.5%
Return on assets
11.6%
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 10-05-2026, 82 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
82 d early
2024
66 d early
2023
47 d early
2022
150 d early
2021
41 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 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€146k▼ 3.6%
2024 · €151k
2021: €53klowest in 5 years
2022: €115k▲ +119% vs 2021
2023: €149k▲ +29.4% vs 2022
2024: €151k▲ +1.4% vs 2023highest in 5 years
2025: €146k▼ -3.6% vs 2024
2021 → 2025
Total assets
€462k▲ 28.7%
2024 · €359k
2021: €74klowest in 5 years
2022: €306k▲ +313% vs 2021
2023: €340k▲ +11.0% vs 2022
2024: €359k▲ +5.6% vs 2023
2025: €462k▲ +28.7% vs 2024highest in 5 years
2021 → 2025
Net result
€53k▼ 40.9%
2024 · €90k
2021: €50klowest in 5 years
2022: €62k▲ +26.0% vs 2021
2023: €74k▲ +18.2% vs 2022
2024: €90k▲ +22.4% vs 2023highest in 5 years
2025: €53k▼ -40.9% vs 2024
2021 → 2025
Working capital
€-61k▼ 324%
2024 · €-15k
2021: €29khighest in 5 years
2022: €-3k▼ -109% vs 2021
2023: €-9k▼ -241% vs 2022
2024: €-15k▼ -65.2% vs 2023
2025: €-61k▼ -324% vs 2024lowest in 5 years
2021 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€53k-€115k▲ 119%€149k▲ 29.4%€151k▲ 1.4%€146k▼ 3.6%
2021: €53klowest in 5 years
2022: €115k▲ +119% vs 2021
2023: €149k▲ +29.4% vs 2022
2024: €151k▲ +1.4% vs 2023highest in 5 years
2025: €146k▼ -3.6% vs 2024
Operating result€67k-€76k▲ 11.9%€100k▲ 33.0%€123k▲ 22.7%€78k▼ 37.1%
2021: €67klowest in 5 years
2022: €76k▲ +11.9% vs 2021
2023: €100k▲ +33.0% vs 2022
2024: €123k▲ +22.7% vs 2023highest in 5 years
2025: €78k▼ -37.1% vs 2024
Net result€50k-€62k▲ 26.0%€74k▲ 18.2%€90k▲ 22.4%€53k▼ 40.9%
2021: €50klowest in 5 years
2022: €62k▲ +26.0% vs 2021
2023: €74k▲ +18.2% vs 2022
2024: €90k▲ +22.4% vs 2023highest in 5 years
2025: €53k▼ -40.9% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 37% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €462k
Fixed assets
€419k ▲ 38.9%
Current assets
€44k ▼ 24.1%
Equity and liabilities €462k
Equity
€146k ▼ 3.6%
Debt
€317k ▲ 52.1%
Debt's share of the balance-sheet total rises from 58.0% to 68.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€112k▼
2024 · €132k
Cash flow
€88k▼
2024 · €99k
Current ratio
0.42▼
2024 · 0.80
Debt to equity
2.18▲
2024 · 1.38
ROE
36.7%▼
2024 · 59.9%
ROA
11.6%▼
2024 · 25.2%
Interest coverage
24.92▲
2024 · 21.35
Debt ≤ 1 year
€105k▲
2024 · €72k
Debt > 1 year
€212k▲
2024 · €136k
Income taxes
€20k▼
2024 · €27k
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 · 2025 against 2024 · 48 lines
Balance sheet
Code20242025
Assets
Total assets20/58€359k€462k▲
Fixed assets21/28€301k€419k▲
Tangible fixed assets22/27€301k€419k▲
Land and buildings22€281k€418k▲
Furniture and vehicles24€20k€789▼
Current assets29/58€58k€44k▼
Amounts receivable within one year40/41€27k€28k▲
Trade receivables40€2k€24k▲
Other amounts receivable41€25k€3k▼
Cash at bank and in hand54/58€31k€16k▼
Equity and liabilities
Total equity and liabilities10/49€359k€462k▲
Equity10/15€151k€146k▼
Contributions10/11€3k€3k=
Reserves13€148k€143k▼
Distributable reserves133€148k€143k▼
Profit (loss) carried forward14€0€0=
Amounts payable17/49€208k€317k▲
Amounts payable after more than one year17€136k€212k▲
Financial debts170/4€136k€212k▲
Amounts payable within one year42/48€72k€105k▲
Current portion of amounts payable after more than one year42€13k€13k▼
Financial debts43€17k€67k▲
Credit institutions430/8€17k€67k▲
Trade debts44€36k€6k▼
Suppliers440/4€36k€6k▼
Taxes, remuneration and social security45€6k€6k▼
Taxes450/3€4k€6k▲
Remuneration and social security454/9€1k€0▼
Other amounts payable47/48-€14k
Income statement
Code20242025
Non-recurring operating income76A-€8k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€34k▲
Other operating charges640/8€1k€520▼
Gross operating margin9900€133k€112k▼
Operating profit (loss)9901€123k€78k▼
Financial income75/76B€59€13▼
Recurring financial income75€59€13▼
Financial charges65/66B€6k€4k▼
Recurring financial charges65€6k€4k▼
Profit (loss) for the period before taxes9903€117k€73k▼
Income taxes67/77€27k€20k▼
Profit (loss) for the period9904€90k€53k▼
Profit (loss) for the period to be appropriated9905€90k€53k▼
Appropriation of the result
Profit (loss) to be appropriated9906€90k€53k▼
Transfer from equity791/2€88k€59k▼
Transfer to equity691/2€90k€53k▼
To other reserves6921€90k€53k▼
Profit to be distributed694/7€88k€59k▼
Return on contributions (dividend)694€88k€59k▼
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €8k | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8k | €7k | €9k | €9k | €34k | ▲ 301% |
| Other operating charges640/8 | €7k | €19k | €493 | €1k | €520 | ▼ 63.0% |
| Non-recurring operating charges66A | - | €8k | - | - | - | - |
| Gross operating margin9900 | €82k | €110k | €110k | €133k | €112k | ▼ 15.8% |
| Operating profit (loss)9901 | €67k | €76k | €100k | €123k | €78k | ▼ 37.1% |
| Financial income75/76B | €4k | €0 | €55 | €59 | €13 | ▼ 77.6% |
| Recurring financial income75 | €4k | €0 | €55 | €59 | €13 | ▼ 77.6% |
| Financial charges65/66B | €604 | €2k | €5k | €6k | €4k | ▼ 27.4% |
| Recurring financial charges65 | €604 | €2k | €5k | €6k | €4k | ▼ 27.4% |
| Profit (loss) for the period before taxes9903 | €71k | €74k | €95k | €117k | €73k | ▼ 37.6% |
| Income taxes67/77 | €21k | €11k | €22k | €27k | €20k | ▼ 26.6% |
| Profit (loss) for the period9904 | €50k | €62k | €74k | €90k | €53k | ▼ 40.9% |
| Profit (loss) for the period to be appropriated9905 | €50k | €62k | €74k | €90k | €53k | ▼ 40.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €74k | €306k | €340k | €359k | €462k | ▲ 28.7% |
| Fixed assets21/28 | €23k | €280k | €307k | €301k | €419k | ▲ 38.9% |
| Intangible fixed assets21 | €4k | - | - | - | - | - |
| Tangible fixed assets22/27 | €19k | €280k | €307k | €301k | €419k | ▲ 38.9% |
| Land and buildings22 | €5k | €244k | €279k | €281k | €418k | ▲ 48.7% |
| Furniture and vehicles24 | €14k | €36k | €28k | €20k | €789 | ▼ 96.1% |
| Financial fixed assets28 | - | €68 | €0 | - | - | - |
| Current assets29/58 | €51k | €26k | €33k | €58k | €44k | ▼ 24.1% |
| Amounts receivable after more than one year29 | €15k | - | - | - | - | - |
| Other amounts receivable291 | €15k | - | - | - | - | - |
| Amounts receivable within one year40/41 | €2k | €1k | €8k | €27k | €28k | ▲ 1.8% |
| Trade receivables40 | €2k | €1k | €8k | €2k | €24k | ▲ 1,104% |
| Other amounts receivable41 | - | - | - | €25k | €3k | ▼ 86.6% |
| Current investments50/53 | €15k | - | - | - | - | - |
| Cash at bank and in hand54/58 | €19k | €25k | €25k | €31k | €16k | ▼ 47.0% |
| Deferred charges and accrued income490/1 | €634 | - | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €74k | €306k | €340k | €359k | €462k | ▲ 28.7% |
| Equity10/15 | €53k | €115k | €149k | €151k | €146k | ▼ 3.6% |
| Contributions10/11 | €3k | €3k | €3k | €3k | €3k | = |
| Reserves13 | €50k | €112k | €146k | €148k | €143k | ▼ 3.6% |
| Distributable reserves133 | €50k | €112k | €146k | €148k | €143k | ▼ 3.6% |
| Profit (loss) carried forward14 | - | - | €0 | €0 | €0 | - |
| Amounts payable17/49 | €22k | €191k | €191k | €208k | €317k | ▲ 52.1% |
| Amounts payable after more than one year17 | - | €162k | €149k | €136k | €212k | ▲ 55.5% |
| Financial debts170/4 | - | €162k | €149k | €136k | €212k | ▲ 55.5% |
| Amounts payable within one year42/48 | €22k | €29k | €42k | €72k | €105k | ▲ 45.8% |
| Current portion of amounts payable after more than one year42 | - | €13k | €13k | €13k | €13k | ▼ 6.2% |
| Financial debts43 | - | - | - | €17k | €67k | ▲ 296% |
| Credit institutions430/8 | - | - | - | €17k | €67k | ▲ 296% |
| Trade debts44 | €291 | €4k | €6k | €36k | €6k | ▼ 82.5% |
| Suppliers440/4 | €291 | €4k | €6k | €36k | €6k | ▼ 82.5% |
| Taxes, remuneration and social security45 | €19k | €12k | €22k | €6k | €6k | ▼ 1.8% |
| Taxes450/3 | €13k | €12k | €21k | €4k | €6k | ▲ 25.4% |
| Remuneration and social security454/9 | €6k | - | €1k | €1k | €0 | ▼ 100% |
| Other amounts payable47/48 | €3k | - | - | - | €14k | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €50k | €62k | €74k | €90k | €53k | ▼ 40.9% |
| + Depreciation and write-downs630 | €8k | €7k | €9k | €9k | €34k | ▲ 301% |
| Operating cash flow (approximation) | €57k | €69k | €83k | €99k | €88k | ▼ 11.5% |
| Investment in fixed assets (approximation) | - | €-264k | €-36k | €-3k | €-151k | ▼ 5,000% |
| Change in cash | - | €6k | €423 | €5k | €-14k | ▼ 362% |
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
10-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
26-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2021net €90k ▲22.4%
Operating result €123k, net result €90k, both a record.
31-12
Financial
Equity above €150kEq €151k ▲1.4%
4 profitable years in a row build equity to €151k.
14-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
03-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €100kEq €115k ▲119%
2 profitable years in a row build equity to €115k.
20-06
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 5 acts read
About the unread acts
We know of 5 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
5 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, Turnhout · 1 establishment unit since 2020
Ground area
1,516 m²
Building footprint
308 m²
Volume, LiDAR
941 m³
Parcel 13452N0037/00S000, Flanders · tallest building 12.2 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
ZHERO
since 20202.305.073.455
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13452N0037/00S000indicative | Flanders | 1,516 m² | 1 · 308 m² | 12.2 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
0 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 7,321 companies in sector 68110 we hold annual accounts for 5,384. 3,811 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
Founded07-07-2020
Fiscal year end31-12
Activities, NACEBEL 2025
68110Buying and selling of own real estate
Contact
Website
www.zhero.io
E-mail
contact@zhero.io
Scores and ratios are computed by Checked and are not a credit decision.