ZINO
ActiveSummary
ZINO has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €901k and a net result of €138k. Equity is growing by ~20% per year across the filed fiscal years. Its solvency ranks better than 83% of 1309 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability82▲+4
Solvency92▼-2
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €75k at 30 days acceptable
Liquidity tight (current ratio 1.49 against 1.84 in 2024; short-term debt: 13.3% and cash: 19.2% of total assets), and 32.6% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
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
67.4%
Return on assets
10.3%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 55
Relative position
BE, all sectors
reference
Accommodation (NACE 55)
about 6% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 11-07-2026, 20 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
20 d early
2024
33 d early
2023
26 d early
2022
17 d early
2021
24 d early
2020
26 d early
2019
75 d late
← 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
History
Financials · fiscal year 2025, micro schema
Equity
€901k▼ 0.2%
2024 · €902k
Total assets
€1.34M▲ 2.0%
2024 · €1.31M
Net result
€138k▲ 49.6%
2024 · €92k
Working capital
€86k▼ 8.4%
2024 · €94k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€159k▼ 18.9%€178k▲ 12.0%€217k▲ 21.4%€117k▼ 45.9%€189k▲ 61.3%
Net result€114k▼ 18.8%€134k▲ 18.4%€191k▲ 42.1%€92k▼ 51.8%€138k▲ 49.6%
Equity€517k▲ 28.2%€641k▲ 24.1%€832k▲ 29.8%€902k▲ 8.4%€901k▼ 0.2%
Total assets€1.12M▲ 5.4%€1.19M▲ 5.7%€1.30M▲ 9.7%€1.31M▲ 0.4%€1.34M▲ 2.0%
Debt€607k▼ 8.4%€547k▼ 9.9%€472k▼ 13.8%€406k▼ 13.9%€435k▲ 7.0%
Working capital€-92k€-13k▲ 86.0%€66k€94k▲ 42.5%€86k▼ 8.4%
Staff (FTE)1.7▲ 240%1.6▼ 5.9%1.7▲ 6.3%1.6▼ 5.9%1.6=
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 61% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.34M
Fixed assets
€1.07M ▼ 2.7%
Current assets
€263k ▲ 27.6%
Equity and liabilities €1.34M
Equity
€901k ▼ 0.2%
Debt
€435k ▲ 7.0%
Debt's share of the balance-sheet total rises from 31.0% to 32.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€219k▲
2024 · €146k
Cash flow
€168k▲
2024 · €121k
Current ratio
1.49▼
2024 · 1.84
Debt to equity
0.48▲
2024 · 0.45
ROE
15.3%▲
2024 · 10.2%
ROA
10.3%▲
2024 · 7.0%
Interest coverage
37.52▲
2024 · 24.01
Debt ≤ 1 year
€177k▲
2024 · €112k
Debt > 1 year
€196k▼
2024 · €222k
Income taxes
€46k▲
2024 · €24k
Staff costs
€23k▲
2024 · €22k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €19k | €17k | €19k | €22k | €23k | ▲ 0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €23k | €34k | €36k | €29k | €30k | ▲ 4.3% |
| Other operating charges640/8 | €6k | €26k | €9k | €39k | €25k | ▼ 35.9% |
| Non-recurring operating charges66A | - | - | €3k | - | - | - |
| Gross operating margin9900 | €207k | €256k | €283k | €207k | €267k | ▲ 28.6% |
| Operating profit (loss)9901 | €159k | €178k | €217k | €117k | €189k | ▲ 61.3% |
| Financial income75/76B | €8k | €0 | €61k | €5k | €1k | ▼ 77.6% |
| Recurring financial income75 | €8k | €0 | €61k | €5k | €1k | ▼ 77.6% |
| Financial charges65/66B | €11k | €10k | €8k | €6k | €6k | ▼ 4.0% |
| Recurring financial charges65 | €11k | €10k | €8k | €6k | €6k | ▼ 4.0% |
| Profit (loss) for the period before taxes9903 | €157k | €169k | €270k | €116k | €184k | ▲ 58.9% |
| Income taxes67/77 | €43k | €34k | €79k | €24k | €46k | ▲ 95.1% |
| Profit (loss) for the period9904 | €114k | €134k | €191k | €92k | €138k | ▲ 49.6% |
| Profit (loss) for the period to be appropriated9905 | €114k | €134k | €191k | €92k | €138k | ▲ 49.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.12M | €1.19M | €1.30M | €1.31M | €1.34M | ▲ 2.0% |
| Fixed assets21/28 | €1.05M | €1.09M | €1.11M | €1.10M | €1.07M | ▼ 2.7% |
| Tangible fixed assets22/27 | €1.05M | €1.09M | €1.11M | €1.10M | €1.07M | ▼ 2.7% |
| Land and buildings22 | €960k | €960k | €960k | €960k | €960k | = |
| Plant, machinery and equipment23 | €68k | €113k | €116k | €117k | €95k | ▼ 19.2% |
| Furniture and vehicles24 | €20k | €15k | €33k | €25k | €17k | ▼ 30.5% |
| Current assets29/58 | €76k | €100k | €195k | €206k | €263k | ▲ 27.6% |
| Stocks and contracts in progress3 | - | - | €18k | €18k | - | - |
| Stocks30/36 | - | - | €18k | €18k | - | - |
| Amounts receivable within one year40/41 | €14k | €19k | - | €27k | €6k | ▼ 78.4% |
| Trade receivables40 | €5k | €3k | - | - | - | - |
| Other amounts receivable41 | €9k | €17k | - | €27k | €6k | ▼ 78.4% |
| Current investments50/53 | - | - | €100k | - | - | - |
| Cash at bank and in hand54/58 | €47k | €80k | €76k | €161k | €257k | ▲ 59.4% |
| Deferred charges and accrued income490/1 | €15k | - | €850 | - | €441 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.12M | €1.19M | €1.30M | €1.31M | €1.34M | ▲ 2.0% |
| Equity10/15 | €517k | €641k | €832k | €902k | €901k | ▼ 0.2% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Reserves13 | €510k | €635k | €826k | €896k | €894k | ▼ 0.2% |
| Non-distributable reserves130/1 | €2k | €2k | €2k | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | €2k | - | - | - |
| Distributable reserves133 | €509k | €633k | €824k | €896k | €894k | ▼ 0.2% |
| Amounts payable17/49 | €607k | €547k | €472k | €406k | €435k | ▲ 7.0% |
| Amounts payable after more than one year17 | €439k | €342k | €260k | €222k | €196k | ▼ 11.7% |
| Financial debts170/4 | €439k | €342k | €260k | €222k | €196k | ▼ 11.7% |
| Amounts payable within one year42/48 | €168k | €113k | €129k | €112k | €177k | ▲ 57.7% |
| Current portion of amounts payable after more than one year42 | €101k | €95k | €80k | €50k | €27k | ▼ 45.2% |
| Trade debts44 | €22k | €3k | €9k | €5k | €10k | ▲ 91.8% |
| Suppliers440/4 | €22k | €3k | €9k | €5k | €10k | ▲ 91.8% |
| Taxes, remuneration and social security45 | €45k | €5k | €40k | €36k | €7k | ▼ 80.7% |
| Taxes450/3 | €45k | €2k | €36k | €36k | €7k | ▼ 80.5% |
| Remuneration and social security454/9 | €637 | €3k | €3k | €316 | - | - |
| Other amounts payable47/48 | €31 | €10k | €31 | €21k | €133k | ▲ 535% |
| Accrued charges and deferred income492/3 | - | €92k | €82k | €72k | €62k | ▼ 14.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €114k | €134k | €191k | €92k | €138k | ▲ 49.6% |
| + Depreciation and write-downs630 | €23k | €34k | €36k | €29k | €30k | ▲ 4.3% |
| Operating cash flow (approximation) | €137k | €169k | €227k | €121k | €168k | ▲ 38.8% |
| Investment in fixed assets (approximation) | - | €-75k | €-56k | €-22k | €0 | ▲ 100% |
| Change in cash | - | €33k | €-4k | €85k | €96k | ▲ 12.3% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
11-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
28-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
05-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €191k ▲42.1%
Operating result €217k, net result €191k, both a record.
14-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
07-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €500kEq €517k ▲28.2%
4 profitable years in a row build equity to €517k.
05-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Liquidity quadruplescurrent ratio 1.30
Current ratio from 0.30 to 1.30; short-term debt falls from €135k to €44k.
14-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 75 days late
2019
31-12
Financial
Weakest financial yearnet €23k ▼57%
Net result drops to €23k, the lowest in the series; recovery starts the following year.
20-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 20 days late
2018
14-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 14 days late
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Koksijde · 1 establishment unit since 2003
Ground area
1.5 ha
Building footprint
100 m²
Volume, LiDAR
399 m³
2 parcels, Flanders, Wallonia · tallest building 6.4 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
ZINO
since 20032.135.837.654
2 parcels
Flanders
1
(50%)
Wallonia
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 83031D0390/00A000 | Wallonia | 1.1 ha | - | - |
| 38014F0425/00B000 | Flanders | 4,621 m² | 1 · 100 m² | 6.4 m · 1 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.
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Of 441 companies in sector 55300 we hold annual accounts for 292. 227 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
Founded23-12-2003
Fiscal year end31-12
Activities, NACEBEL 2025
55300Accommodation
46713Wholesale trade
47110Non-specialised retail sale with food, beverages or tobacco predominating
47639Retail sale of other sporting goods
77210Renting and leasing of sports and recreation goods
Scores and ratios are computed by Checked and are not a credit decision.