ZIGGU
ActiveFrom the official registers: KBO 6 annual accounts at the National Bank publications in the Belgian Official Gazette
Summary
ZIGGU has been active since 2018 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €512,441 and a net result of €176,162. Equity has been growing by about 32% per year since 2020. Its solvency ranks better than 34% of 10,798 sector peers (NACE 70, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
Official details
KBO- Status
- Active since 02-07-2018 Normal situation
- Legal form
- Private limited company
- Registered office
- Vlasgaardstraat 52, 9000 Gent
- Activity
- Business and other management consultancy NACE 70200and 15 others
- Establishment unit
- 2.277.358.971 9000 Gent, since 02-07-2018
- Financial year end
- 31 December
- Peppol
- Reachable since 24-11-2025
Board and ownership
- Torus Capital CommVDirector · since 11-09-2020
- Argos Ventures BVDirector · since 01-04-2021
- Five Five OneDirector · since 01-04-2021
- Nostos BVDirector · since 01-04-2021
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.1%
- Gross margin
- €610,605
- ▲ 47.3%
- Turnover
- ≈ €900,000
- estimated
- Profit
- €176,162
- ▲ 106%
- Equity
- €512,441
- ▲ 52.4%
- Total assets
- €1.5m
- ▲ 11.4%
- Staff
- 2.6 FTE
- ▲ 100%
Score breakdownraises risk1 change of registered office in 24 monthslowers riskLiquidity: current ratio 2.06, cash €532,285Sector: Activities of head offices; management consultancy activities (NACE 70)Figures for financial year 2025 (filed on 06-07-2026)Show the evidence
Checked score
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 70, micro). It does better than 34% of them on solvency, 78% on liquidity, 51% on profitability and 81% on growth.
The bankruptcy probability was computed on 31-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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Signals
The company filed its last 6 accounts on average 2 days before the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
Financials · financial year 2025, abbreviated format
Annual accounts 2025
- Financial year ended
- 31-12-2025
- Filed on
- 06-07-2026
- Format
- abbreviated format
- Reference
- 2026-00253513
2021 to 2025, 5 financial years 2020 to 2025, 6 financial years
The operating result for 2025 is 71% higher than in 2024. It is a recovery after the fall in 2024.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Average staff per financial year, in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Activities of head offices; management consultancy activities (NACE 70). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio, return on assets (ROA) and staff (FTE).
Companies with the same profile, two years later
Historical observationIn July 2024, 26,972 companies had the same profile as ZIGGU has now. Two years later, 1.6% had gone bankrupt and 94.9% were still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of ZIGGU itself is lower: 0.1% within 12 months. It rests on far more data about ZIGGU than the profile alone.
Test of the method
The method was tested on the 497,445 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 26,972 companies, not a prediction for ZIGGU. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €104 | €1,254 | €0 | - | - |
| Remuneration, social security and pensions62 | - | - | €727,545 | €261,965 | €103,857 | €173,232 | ▲ 66.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,131 | €5,354 | €93,319 | €157,461 | €198,923 | €247,647 | ▲ 24.5% |
| Other operating charges640/8 | - | - | €1,424 | €2,835 | €1,517 | €1,557 | ▲ 2.6% |
| Non-recurring operating charges66A | - | - | - | €1,562 | €0 | - | - |
| Gross operating margin9900 | €91,606 | €28,909 | €420,374 | €705,386 | €414,404 | €610,605 | ▲ 47.3% |
| Operating profit (loss)9901 | €14,083 | -€230,510 | -€401,914 | €281,563 | €110,106 | €188,169 | ▲ 70.9% |
| Financial income75/76B | - | - | €154,854 | €13,964 | €507 | €606 | ▲ 19.6% |
| Recurring financial income75 | €6 | €123 | €154,854 | €13,964 | €507 | €606 | ▲ 19.6% |
| Financial charges65/66B | - | - | €48,338 | €29,362 | €25,021 | €12,257 | ▼ 51.0% |
| Recurring financial charges65 | €804 | €16,085 | €48,338 | €29,362 | €25,021 | €12,257 | ▼ 51.0% |
| Profit (loss) for the period before taxes9903 | €13,284 | -€246,471 | -€295,397 | €266,164 | €85,591 | €176,519 | ▲ 106% |
| Income taxes67/77 | €4,957 | €118 | €148 | €46 | €224 | €357 | ▲ 59.2% |
| Profit (loss) for the period9904 | €8,328 | -€246,589 | -€295,545 | €266,118 | €85,367 | €176,162 | ▲ 106% |
| Profit (loss) for the period to be appropriated9905 | €8,328 | -€246,589 | -€295,545 | €266,118 | €85,367 | €176,162 | ▲ 106% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €0.08m | €1.0m | €1.0m | €1.2m | €1.3m | €1.5m | ▲ 11.4% |
| Formation expenses20 | - | - | €0.06m | €0.05m | €0.03m | €0.02m | ▼ 46.5% |
| Fixed assets21/28 | €0.008m | €0.2m | €0.6m | €0.7m | €0.7m | €0.7m | ▲ 7.3% |
| Intangible fixed assets21 | - | €0.2m | €0.6m | €0.6m | €0.7m | €0.7m | ▲ 5.5% |
| Tangible fixed assets22/27 | €0.006m | €0.02m | €0.02m | €0.001m | €0.003m | €0.007m | ▲ 131% |
| Furniture and vehicles24 | - | - | €0.02m | €0.001m | €0.003m | €0.007m | ▲ 131% |
| Other tangible fixed assets26 | - | - | €0.001m | €0 | - | - | - |
| Financial fixed assets28 | €0.001m | €0.01m | €0.001m | €0.001m | €0 | €0.008m | - |
| Current assets29/58 | €0.07m | €0.8m | €0.3m | €0.5m | €0.6m | €0.7m | ▲ 19.1% |
| Amounts receivable within one year40/41 | €0.02m | €0.08m | €0.2m | €0.2m | €0.3m | €0.2m | ▼ 41.4% |
| Trade receivables40 | - | - | €0.1m | €0.2m | €0.3m | €0.2m | ▼ 39.6% |
| Other amounts receivable41 | - | - | €0.04m | €0.02m | €0.01m | €29 | ▼ 99.7% |
| Cash at bank and in hand54/58 | €0.05m | €0.7m | €0.2m | €0.3m | €0.3m | €0.5m | ▲ 92.3% |
| Deferred charges and accrued income490/1 | - | - | €0.005m | €0.02m | €0.02m | €0.01m | ▼ 12.8% |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €0.08m | €1.0m | €1.0m | €1.2m | €1.3m | €1.5m | ▲ 11.4% |
| Equity10/15 | €0.02m | €0.3m | -€0.02m | €0.3m | €0.3m | €0.5m | ▲ 52.4% |
| Contributions10/11 | - | - | €0.5m | €0.5m | €0.5m | €0.5m | = |
| Reserves13 | €0.008m | €0.008m | €0.008m | €0.008m | €0.008m | €0.008m | = |
| Distributable reserves133 | - | - | €0.008m | €0.008m | €0.008m | €0.008m | = |
| Profit (loss) carried forward14 | - | -€0.2m | -€0.5m | -€0.3m | -€0.2m | -€0.01m | ▲ 92.4% |
| Amounts payable17/49 | €0.06m | €0.8m | €1.0m | €1.0m | €1.0m | €1.0m | ▼ 2.3% |
| Amounts payable after more than one year17 | - | €0.5m | €0.5m | €0.3m | €0 | - | - |
| Financial debts170/4 | - | - | €0.5m | €0.3m | €0 | - | - |
| Amounts payable within one year42/48 | €0.06m | €0.1m | €0.1m | €0.4m | €0.4m | €0.4m | ▼ 9.7% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.3m | €0.3m | €0.2m | ▼ 28.0% |
| Financial debts43 | - | - | €0.007m | €0.004m | €0.007m | €0.01m | ▲ 46.9% |
| Credit institutions430/8 | - | - | €0.007m | €0.004m | €0.007m | €0.01m | ▲ 46.9% |
| Trade debts44 | €0.04m | €0.06m | €0.04m | €0.08m | €0.09m | €0.1m | ▲ 3.0% |
| Suppliers440/4 | - | - | €0.04m | €0.08m | €0.09m | €0.1m | ▲ 3.0% |
| Taxes, remuneration and social security45 | - | - | €0.08m | €0.03m | €0.05m | €0.07m | ▲ 54.4% |
| Taxes450/3 | - | - | €0.04m | €0.03m | €0.04m | €0.04m | ▲ 7.2% |
| Remuneration and social security454/9 | - | - | €0.05m | €0.003m | €0.009m | €0.03m | ▲ 251% |
| Accrued charges and deferred income492/3 | - | - | €0.4m | €0.3m | €0.6m | €0.6m | ▲ 2.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €8,328 | -€246,589 | -€295,545 | €266,118 | €85,367 | €176,162 | ▲ 106% |
| + Depreciation and write-downs630 | €5,131 | €5,354 | €93,319 | €157,461 | €198,923 | €247,647 | ▲ 24.5% |
| Operating cash flow (approximation) | €13,459 | -€241,235 | -€202,227 | €423,579 | €284,290 | €423,809 | ▲ 49.1% |
| Investment in fixed assets (approximation) | - | -€245,018 | -€433,105 | -€221,113 | -€236,277 | -€297,669 | ▼ 26.0% |
| Change in cash | - | €654,271 | -€543,330 | €126,255 | -€11,045 | €255,506 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (6)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 06-07-2026 | 2026-00253513 | NBB |
| 31-12-2024 | abbreviated format | 25-07-2025 | 2025-00354168 | |
| 31-12-2023 | abbreviated format | 19-07-2024 | 2024-00262218 | |
| 31-12-2022 | abbreviated format | 31-08-2023 | 2023-00441431 | |
| 30-06-2021 | abbreviated format | 31-01-2022 | 2022-04100006 | |
| 30-06-2020 | micro format | 29-01-2021 | 2021-02800326 |
Comparable companies
These companies have the same main activity as ZIGGU: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €1.2m and €1.5m, founded between 2014 and 2018.
| Company | Founded | Total assets | Equity | Gross margin | Turnover | Net result | FTE | Financial year |
|---|---|---|---|---|---|---|---|---|
| ZIGGU Gent | 2018 | €1.5m | €0.5m | €0.6m | - | €0.2m | 2.6 | 2025 |
| de Vries Retail Management Maasmechelen | 2017 | €1.2m | €0.2m | €0.7m | - | €0.2m | 2.5 | 2025 |
| The Harbour Gent | 2017 | €1.5m | €1.0m | €0.6m | - | €0.3m | 3.6 | 2025 |
| 2Grow Gent | 2017 | €1.5m | -€1.1m | €0.4m | - | -€0.3m | 3.4 | 2025 |
| AVGI Gent | 2015 | €1.3m | €0.3m | €0.7m | - | €0.2m | 3 | 2025 |
| B.Adapted Gent | 2018 | €1.2m | €0.6m | €0.8m | €3.6m | €0.2m | 4 | 2025 |
| DEBAERE & VERSTRAETE Aalter | 2014 | €1.5m | €0.3m | €0.6m | - | €0.3m | 3.2 | 2025 |
They were chosen from the 54,697 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Subsidies and aid
Flemish government
2024 · 1 entry · €2,520 awarded · €2,520 paidPublic contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Board
- Day-to-day management
- began earlier
| Name | Functions and periods |
|---|---|
| Torus Capital CommV |
|
| Argos Ventures BV |
|
| Nostos BV |
|
| Five Five One |
|
| Phoenix Ventures BV |
|
Owners and capital
Shareholders
1 ownerOwners 1
-
15.15%
Other provisions of the articles of association
- Other provisionsThese rules from the articles cover subjects other than the board, the shares, the purpose and the meetings.
- 2 more provisions in the deed, see the deed of 29-01-2026
Articles of association, deed of 29-01-2026 (in Dutch)
Group and network
Connections & network
4 current directorsThe board mandates are in the list below. The network lets you explore the same ties.
History
Acts, filings and financial milestones
08-09
Gazette deed
Resignations: Phoenix Ventures BV (day-to-day manager) and Five Five One BV (day-to-day manager)Appointment: Five Five One BV (director) · Power of attorney5 points ▸
- Director resignation, Phoenix Ventures BV (day-to-day manager)
- Director resignation, Five Five One BV (day-to-day manager)
- Power of attorney, Camille Duysburgh, mentioned 2 times in the deed
- Power of attorney, Jorn Peyskens, mentioned 2 times in the deed
- Director appointment, Five Five One BV (director)
29-01
Gazette deed
Registered officeRegistered-office move3 points ▸
- Board meeting, 05-01-2026
- Other provision, “voorwaarden zetelverplaatsing vervuld, bestuursorgaan kan rechtsgeldig beslissing tot zetelverplaatsing nemen zonder statutenwijziging” (deed in Dutch)
- Registered-office move, Vlasgaardstraat 52, 9000 Gent
20-10
Gazette deed
Permanent representative: Yannick BontinckxRegistered-office move4 points ▸
- General meeting, 01-09-2023
- Registered-office move, Nieuwewandeling 62 9000 Gent
- Director in office, Nostos BV (director)
- Permanent representative, Yannick Bontinckx
08-06
Gazette deed
Algemene Vergadering - Boekjaar1 point ▸
- Other provision, “overgangsmaatregel boekjaar”, 31-12-2022 (deed in Dutch)
Show earlier events
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Invoicing and payment
Financial year and general meeting
Accounts at the NBBThe scores and ratios are Checked's own calculations, not a credit decision.
Environmental permits: No permit applications found in Flanders.
Sites & property
1 establishment unit
Buildings and parcels at the address
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 44816K0663/00F002 | Flanders | 2,156 m² | 1 · 95 m² | 11.8 m · 4 |