ZICO

Active

Private limited companyfounded 20196 yrs activeZandvoortstraat 8, 2800 Mechelen, BelgiumKBO/BCE: BE 0740.499.483

The computed 12-month bankruptcy probability of ZICO is 2.2% (moderate). The 2024 annual accounts show negative equity (€-35k) and a net result of €-8k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 310 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

19 / 100

Critical

The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability0▼-10

Solvency0=

Growth58=

Track record100

Bankruptcy probability, 12 months

2.2% Moderate

0%0.5%1.5%4%10%≥ 25%

No credit on open account

balance sheet total too small for a liquidity verdict, and equity is negative.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

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 2024

Age of the figures

21 mo

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Lower-failure-rate sector

In this sector companies fail less often than the Belgian average.

Gazette · bankruptcies per sector, NACE 59

Relative position

BE, all sectors

reference

Sector 59

lower

← fewer bankruptcies more bankruptcies →

Negative equity

The 2024 annual accounts show negative equity and a net loss.

NBB · annual accounts 2024

Equity per financial year

2021222324

2020 to 2024 · latest year €-35k

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 24-06-2025, 37 days ahead of the deadline.

NBB · 5 filings

Deviation from the deadline

2025

not confirmed

2024

37 d early

2023

27 d early

2022

49 d early

2021

24 d late

2020

29 d early

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, abbreviated schema

Equity

€-35k▼ 27.6%

2023 · €-28k

2020: €72k 2021: €65k 2022: €-20k 2023: €-28k

2020 → 2024

Total assets

€835▼ 98.1%

2023 · €45k

2020: €90k 2021: €186k 2022: €90k 2023: €45k

2020 → 2024

Net result

€-8k▼ 0.7%

2023 · €-8k

2020: €-103k 2021: €-7k 2022: €-86k 2023: €-8k

2020 → 2024

Working capital

€-29k▼ 2,165%

2023 · €-1k

2020: €72k 2021: €26k 2022: €-22k 2023: €-1k

2020 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€72k-€65k▼ 9.6%€-20k€-28k▼ 37.8%€-35k▼ 27.6%

Operating result€-103k-€-6k▲ 94.4%€-84k▼ 1,354%€-51k▲ 39.0%€-3k▲ 94.1%

Net result€-103k-€-7k▲ 93.3%€-86k▼ 1,137%€-8k▲ 91.1%€-8k▼ 0.7%

Turnover and EBIT margin not published: the abbreviated schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result stays negative: a loss of €3k in 2024 against €51k in 2023; the loss shrinks.

Key figures and ratios

2024 value · change against 2023

EBITDA

€-3k▼

2023 · €1k

Cash flow

€-8k▼

2023 · €45k

Interest coverage

-0.61▼

2023 · 1.19

Debt

€36k▼

2023 · €73k

Debt ≤ 1 year

€30k▼

2023 · €45k

Debt > 1 year

€6k▼

2023 · €28k

Staff costs

€0▼

2023 · €510

Ratios withheld: a balance sheet total of €835 is too small for a meaningful ratio.

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€45k€835▼

Fixed assets21/28€1k€0▼

Intangible fixed assets21€0-

Tangible fixed assets22/27€0-

Furniture and vehicles24€0-

Financial fixed assets28€1k€0▼

Current assets29/58€43k€835▼

Amounts receivable within one year40/41€8k€55▼

Trade receivables40€7k€0▼

Other amounts receivable41€1k€55▼

Current investments50/53€31k€780▼

Cash at bank and in hand54/58€4k€0▼

Deferred charges and accrued income490/1€418€0▼

Equity and liabilities

Total equity and liabilities10/49€45k€835▼

Equity10/15€-28k€-35k▼

Contributions10/11€175k€175k=

Profit (loss) carried forward14€-203k€-210k▼

Amounts payable17/49€73k€36k▼

Amounts payable after more than one year17€28k€6k▼

Financial debts170/4€28k€6k▼

Amounts payable within one year42/48€45k€30k▼

Current portion of amounts payable after more than one year42€27k€6k▼

Financial debts43-€2k

Credit institutions430/8-€2k

Trade debts44€13k€15k▲

Suppliers440/4€13k€15k▲

Taxes, remuneration and social security45€0€43▲

Taxes450/3€0€43▲

Other amounts payable47/48€5k€7k▲

Income statement Code20232024

Non-recurring operating income76A€332€0▼

Remuneration, social security and pensions62€510€0▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€53k€0▼

Other operating charges640/8€539€535▼

Gross operating margin9900€3k€-2k▼

Operating profit (loss)9901€-51k€-3k▲

Financial income75/76B€45k€296▼

Recurring financial income75€142€296▲

Non-recurring financial income76B€45k€0▼

Financial charges65/66B€1k€5k▲

Recurring financial charges65€1k€5k▲

Profit (loss) for the period before taxes9903€-8k€-8k▼

Profit (loss) for the period9904€-8k€-8k▼

Profit (loss) for the period to be appropriated9905€-8k€-8k▼

Appropriation of the result

Profit (loss) to be appropriated9906€-203k€-210k▼

Profit (loss) brought forward from the previous period14P€-195k€-203k▼

Social balance

Average headcount (FTE)90870.00.0=

The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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