ZINEL
ActiveZINEL has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €58k and a net result of €7k. Equity is growing by ~13.1% per year across the filed fiscal years. Its solvency ranks better than 10% of 106 sector peers (fiscal year 2026). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2026
66
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2025
Profitability69▲+1
Solvency29▼-5
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3.5k at 30 days acceptable
Liquidity tight (current ratio 1.34 against 1.2 in 2025; short-term debt: 11.3% and cash: 13.7% of total assets), and 95.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
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 · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2026Solvency, return and age of the figures
Solvency
4.5%
Return on assets
0.6%
Age of the figures
6 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 106 sector peers (2026).
NBB · sector comparisonPosition among 106 sector peers
Solvency
better than 10%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 11-06-2026, 142 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2026
142 d early
2025
50 d early
2024
37 d early
2023
106 d early
2022
21 d late
2021
54 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
22-09-2026 today31-03-2027 close31-10-2027 deadline
Financials · fiscal year 2026, abbreviated schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€58k▼ 54.0%
2025 · €125k
2021: €3k
2022: €87k
2023: €109k
2024: €135k
2025: €125k
2021 → 2026
Total assets
€1.29M▼ 6.4%
2025 · €1.38M
2021: €1.40M
2022: €1.48M
2023: €1.40M
2024: €1.41M
2025: €1.38M
2021 → 2026
Net result
€7k
2025 · €-10k
2021: €-7k
2022: €84k
2023: €22k
2024: €26k
2025: €-10k
2021 → 2026
Working capital
€50k▲ 70.3%
2025 · €29k
2021: €-313k
2022: €-184k
2023: €-122k
2024: €-42k
2025: €29k
2021 → 2026
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20222023202420252026Trend
Equity€87k-€109k▲ 24.9%€135k▲ 24.3%€125k▼ 7.2%€58k▼ 54.0%
Operating result€100k-€37k▼ 62.8%€42k▲ 12.3%€5k▼ 87.9%€13k▲ 166%
Net result€84k-€22k▼ 74.3%€26k▲ 21.7%€-10k€7k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2026; 2026 is 166% above 2025.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €1.29M
Fixed assets
€1.09M▼ 9.2%
Current assets
€196k▲ 12.7%
Equity and liabilities €1.29M
Equity
€58k▼ 54.0%
Debt
€1.23M▼ 1.7%
The debt ratio rises from 90.9% to 95.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
€109k▲
2025 · €108k
Cash flow
€103k▲
2025 · €93k
Solvency
4.5%▼
2025 · 9.1%
Current ratio
1.34▲
2025 · 1.20
Quick ratio
1.34▲
2025 · 1.20
Debt / equity
21.37▲
2025 · 9.99
ROE
12.5%▲
2025 · -7.8%
ROA
0.6%▲
2025 · -0.7%
Interest coverage
18.02▲
2025 · 7.37
Debt
€1.23M▼
2025 · €1.25M
Debt ≤ 1 year
€146k▲
2025 · €144k
Debt > 1 year
€1.08M▼
2025 · €1.10M
Income taxes
€199▼
2025 · €215
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 · 2026 against 2025
Balance sheet
Code20252026
Assets
Total assets20/58€1.38M€1.29M▼
Fixed assets21/28€1.20M€1.09M▼
Tangible fixed assets22/27€1.19M€1.09M▼
Land and buildings22€979k€937k▼
Plant, machinery and equipment23€186k€148k▼
Furniture and vehicles24€24k€8k▼
Financial fixed assets28€15k-
Current assets29/58€174k€196k▲
Amounts receivable within one year40/41€32k€13k▼
Trade receivables40€20k€4k▼
Other amounts receivable41€12k€8k▼
Cash at bank and in hand54/58€136k€177k▲
Deferred charges and accrued income490/1€5k€6k▲
Equity and liabilities
Total equity and liabilities10/49€1.38M€1.29M▼
Equity10/15€125k€58k▼
Contributions10/11€10k€10k=
Reserves13€115k€48k▼
Distributable reserves133€115k€48k▼
Amounts payable17/49€1.25M€1.23M▼
Amounts payable after more than one year17€1.10M€1.08M▼
Financial debts170/4€576k€555k▼
Other amounts payable178/9€524k€522k▼
Amounts payable within one year42/48€144k€146k▲
Current portion of amounts payable after more than one year42€16k€19k▲
Trade debts44€4k€3k▼
Suppliers440/4€4k€3k▼
Advances received on contracts in progress46-€9
Taxes, remuneration and social security45€631€71▼
Taxes450/3€631€71▼
Other amounts payable47/48€124k€123k▼
Accrued charges and deferred income492/3€8k€8k▼
Income statement
Code20252026
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€103k€96k▼
Other operating charges640/8€42k€45k▲
Gross operating margin9900€150k€154k▲
Operating profit (loss)9901€5k€13k▲
Financial income75/76B-€0
Recurring financial income75-€0
Financial charges65/66B€15k€6k▼
Recurring financial charges65€15k€6k▼
Profit (loss) for the period before taxes9903€-10k€7k▲
Income taxes67/77€215€199▼
Profit (loss) for the period9904€-10k€7k▲
Profit (loss) for the period to be appropriated9905€-10k€7k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-10k€7k▲
Transfer from equity791/2€10k€75k▲
Transfer to equity691/2-€7k
To other reserves6921-€7k
Profit to be distributed694/7-€75k
Return on contributions (dividend)694-€75k
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2027, expected by
2026
11-06
NBB filing
Annual accounts filed
fiscal year 2026 · abbreviated schema
31-03
Financial
Back to profitnet €7k
Net result €7k after one loss-making year.
2025
11-09
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
31-03
Financial
Weakest financial yearnet €-10k ▼137%
Net result drops to €-10k, the lowest in the series; recovery starts the following year.
2024
24-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2023
17-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
31-03
Financial
Equity above €100kEq €109k ▲24.9%
2 profitable years in a row build equity to €109k.
2022
21-11
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 21 days late
31-03
Financial
Back to profitnet €84k
Net result €84k after one loss-making year.
2021
07-09
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Oudenburg · 1 establishment unit since 2020
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Hoogstraat 58460 OudenburgGround area
773 m²
Building footprint
422 m²
Volume, LiDAR
2,556 m³
Parcel 35014B0725/00T000, Flanders · tallest building 12.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ZINEL
since 20202.301.496.828
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35014B0725/00T000 | Flanders | 773 m² | 1 · 422 m² | 12.6 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 297 EUR awarded · 297 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 297 EUR | 297 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 82,569 companies in sector 70200 we hold annual accounts for 52,573. 38,794 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded17-03-2020
Fiscal year end31-03
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
68203Renting and operating of own or leased non-residential real estate, excluding land
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.