ZIGURATI
ActiveSummary
ZIGURATI has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €619 and a net result of -€299. Equity is shrinking by ~17.9% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 54% of 3521 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency79▲+7
Growth32=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 74
Relative position
BE, all sectors
reference
Other professional, scientific and technical activities (NACE 74)
about 48% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · 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 2025Age of the figures
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€299
neutral · A punctual record breaks
This company filed 7 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 16-08-2026, 16 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
16 d late
2024
11 d early
2023
24 d early
2022
20 d early
2021
3 d early
2020
13 d early
2019
42 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 14 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 38% of the sector filed late.
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. Usually files around 20 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Your own company? See how customers, suppliers and banks see it and what to improve first.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€299▲ 95.6%
2024 · -€6,850
Working capital
€619▲ 370%
2024 · €132
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 74, Other professional, scientific and technical activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€9,564▲ 43.2%-€7,183-€6,821▲ 5.0%-€7,065▼ 3.6%€42
Net result€6,619within the sector's middle half▲ 42.7%-€7,007below the sector's middle half-€6,483below the sector's middle half▲ 7.5%-€6,850below the sector's middle half▼ 5.7%-€299within the sector's middle half▲ 95.6%
Equity€21,258within the sector's middle half▲ 13.4%€14,252within the sector's middle half▼ 33.0%€7,769below the sector's middle half▼ 45.5%€919below the sector's middle half▼ 88.2%€619below the sector's middle half▼ 32.6%
Total assets€27,746below the sector's middle half▼ 6.2%€16,185below the sector's middle half▼ 41.7%€8,706below the sector's middle half▼ 46.2%€1,963below the sector's middle half▼ 77.5%€1,140below the sector's middle half▼ 41.9%
Debt€6,488▼ 40.2%€1,933▼ 70.2%€937▼ 51.5%€1,044▲ 11.4%€521▼ 50.1%
Working capital€18,232within the sector's middle half▲ 15.9%€11,286within the sector's middle half▼ 38.1%€5,800within the sector's middle half▼ 48.6%€132within the sector's middle half▼ 97.7%€619within the sector's middle half▲ 370%
Solvency76.6%above the sector's middle half▲ 13.3pp88.1%above the sector's middle half▲ 11.4pp89.2%above the sector's middle half▲ 1.2pp
Current ratio3.81above the sector's middle half▲ 1.366.84above the sector's middle half▲ 3.037.19above the sector's middle half▲ 0.35
Return on assets (ROA)23.9%above the sector's middle half▲ 8.2pp-43.3%below the sector's middle half▼ 67.1pp-74.5%below the sector's middle half▼ 31.2pp
above
within
below
the middle half (P25 to P75) of NACE 74, Other professional, scientific and technical activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €42 after a loss of €7,065 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €1,140
Equity
€619 ▼ 32.6%
Debt
€521 ▼ 50.1%
Debt's share of the balance-sheet total falls from 53.2% to 45.7%. Equity and debt are lower.
Key figures and ratios
Debt ≤ 1 year
€521▼
2024 · €1,044
Ratios withheld: a balance sheet total of €1,140 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,805 companies that looked in July 2024 the way this one looks now, 2.0% went bankrupt within 24 months and 88% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
2.0%
went bankrupt
9.8%
stopped otherwise
88%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.8% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 4,805 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,030 | €1,402 | €1,694 | €1,183 | - | - |
| Non-recurring operating charges66A | - | - | - | - | €787 | - |
| Gross operating margin9900 | €10,594 | -€5,781 | -€5,128 | -€5,882 | €829 | ▲ 114% |
| Operating profit (loss)9901 | €9,564 | -€7,183 | -€6,821 | -€7,065 | €42 | ▲ 101% |
| Financial income75/76B | €192 | - | €394 | €233 | - | - |
| Recurring financial income75 | €192 | - | €394 | €233 | - | - |
| Financial charges65/66B | €137 | €84 | €56 | €19 | €342 | ▲ 1,702% |
| Recurring financial charges65 | €137 | €84 | €56 | €19 | €342 | ▲ 1,702% |
| Profit (loss) for the period before taxes9903 | €9,619 | -€7,267 | -€6,483 | -€6,850 | -€299 | ▲ 95.6% |
| Income taxes67/77 | €3,000 | -€261 | - | - | - | - |
| Profit (loss) for the period9904 | €6,619 | -€7,007 | -€6,483 | -€6,850 | -€299 | ▲ 95.6% |
| Profit (loss) for the period to be appropriated9905 | €6,619 | -€7,007 | -€6,483 | -€6,850 | -€299 | ▲ 95.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €27,746 | €16,185 | €8,706 | €1,963 | €1,140 | ▼ 41.9% |
| Fixed assets21/28 | €3,026 | €2,966 | €1,969 | €787 | - | - |
| Tangible fixed assets22/27 | €3,026 | €2,966 | €1,969 | €787 | - | - |
| Plant, machinery and equipment23 | €2,031 | €1,051 | €282 | €77 | - | - |
| Furniture and vehicles24 | €995 | €1,914 | €1,687 | €709 | - | - |
| Current assets29/58 | €24,720 | €13,220 | €6,737 | €1,176 | €1,140 | ▼ 3.1% |
| Amounts receivable within one year40/41 | €2,999 | €4,134 | €2,278 | €1,176 | €287 | ▼ 75.6% |
| Trade receivables40 | €150 | €424 | €34 | €34 | - | - |
| Other amounts receivable41 | €2,849 | €3,710 | €2,244 | €1,142 | €287 | ▼ 74.9% |
| Current investments50/53 | - | - | €4,459 | - | - | - |
| Cash at bank and in hand54/58 | €21,722 | €9,086 | - | - | €853 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €27,746 | €16,185 | €8,706 | €1,963 | €1,140 | ▼ 41.9% |
| Equity10/15 | €21,258 | €14,252 | €7,769 | €919 | €619 | ▼ 32.6% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Profit (loss) carried forward14 | €15,058 | €8,052 | €1,569 | -€5,281 | -€5,581 | ▼ 5.7% |
| Amounts payable17/49 | €6,488 | €1,933 | €937 | €1,044 | €521 | ▼ 50.1% |
| Amounts payable within one year42/48 | €6,488 | €1,933 | €937 | €1,044 | €521 | ▼ 50.1% |
| Financial debts43 | - | - | - | €33 | - | - |
| Credit institutions430/8 | - | - | - | €33 | - | - |
| Trade debts44 | €182 | €1,790 | €343 | €1,011 | - | - |
| Suppliers440/4 | €182 | €1,790 | €343 | €1,011 | - | - |
| Taxes, remuneration and social security45 | €2,206 | €143 | €594 | - | €521 | - |
| Taxes450/3 | €2,206 | €143 | €594 | - | €521 | - |
| Other amounts payable47/48 | €4,100 | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6,619 | -€7,007 | -€6,483 | -€6,850 | -€299 | ▲ 95.6% |
| + Depreciation and write-downs630 | €1,030 | €1,402 | €1,694 | €1,183 | - | - |
| Operating cash flow (approximation) | €7,649 | -€5,604 | -€4,789 | -€5,668 | -€299 | ▲ 94.7% |
| Investment in fixed assets (approximation) | - | -€1,342 | -€698 | €0 | - | - |
| Change in cash | - | -€12,636 | - | - | - | - |
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
16-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 16 days late
03-08
State Gazette act
Resignation: Mirko Pacitti (director)Appointment: Jérôme Dumont (director) · Shareholding · Registered-office move7 facts ▸
State Gazette act
Resignation: Mirko Pacitti (director)
Appointment: Jérôme Dumont (director) · Shareholding · Registered-office move7 facts ▸
- General meeting, 17-07-2026
- Shareholding, 17-07-2026
- Director resignation, Mirko Pacitti (director)
- Director appointment, Jérôme Dumont (director)
- Registered-office move, Boulevard Louis Schmidt 119, 2e étage, 1040 Bruxelles
- Power of attorney, J.Jordens sri
- Power of attorney, Serge Solau
2025
20-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
07-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
11-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet -€7,007
Net result drops to -€7,007, the lowest in the series; recovery starts the following year.
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €6,619 ▲42.7%
Operating result €9,564, net result €6,619, both a record.
18-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Back to profitnet €4,639
Net result €4,639 after one loss-making year.
19-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
26-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
09-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 9 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 29 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 4 acts read
About the unread acts
Of the 4 Belgian State Gazette acts we know for this company, 1 has been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
1 director, last change in 2026
Jérôme Dumont
CurrentDirector · since 29-06-2026
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
3 of this company's 4 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Etterbeek · 1 establishment unit since 2014
Ground area
1,574 m²
Building footprint
455 m²
Volume, LiDAR
9,181 m³
2 parcels, Brussels · tallest building 29.8 m, ±9 floors. Linked by address, not a title deed.
100
companies at this address
See who is registered here
1 establishment unit
Steenbeukstraat 34, 1190 Vorst
since 20142.240.771.561
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21362B0292/00X006 | Brussels | 1,253 m² | 1 · 333 m² | 29.8 m · 9 fl. |
| 21007A0069/00Z070 | Brussels | 321 m² | 1 · 122 m² | 17.8 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Mandate history
2 people since 2026, 1 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Jérôme Dumont |
|
| Mirko Pacitti |
|
Structure & network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, scroll to zoom.
Capital and shareholders
Shareholders according to the acts
Stated in the act
act of 03-08-2026 ↗
- Jérôme Dumont all shares
The Belgian State Gazette names shareholders only when an act mentions them; the share register itself is not published.
Similar companies · same sector, comparable size
BABA PRODUCTIONS
BE 0831.994.536
Schaarbeek · Eq €627
3ByD
BE 0779.786.958
Heusden-Zolder · Eq €645
IKIGAI Brand & Communication Consulting
BE 0744.803.513
Mechelen · Eq €652
CATO OYEN
BE 0765.496.284
Antwerpen · Eq €561
Oscafi
BE 0762.945.976
Koksijde · Eq €560
Of 6,288 companies in sector 74120 we hold annual accounts for 1,010. 123 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 (pre-2019)
Founded25-10-2014
Fiscal year end31-12
Activities, NACEBEL 2025
74120Graphic design and visual communication
73110Advertising agencies
74140Other specialised design activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0565941352
Also
9925:BE0565941352
Registered
30-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.