Summary
Zipagio is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €39,097 and a net result of €9,739. Equity is growing by ~17.1% per year across the filed fiscal years. Its solvency ranks better than 11% of 5565 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
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 30-07-2026, 1 day ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
1 d early
2024
29 d late
2023
58 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 29 days after the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% 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.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€39,097▲ 33.2%
2024 · €29,358
Net result
€9,739▲ 3,392%
2024 · €279
Total assets
€515,882=
2024 · €515,706
Solvency
7.6%▲ 1.9pp
2024 · 5.7%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line202320242025
Operating result€44,065-€13,855▼ 68.6%€24,492▲ 76.8%
Net result€24,079within the sector's middle half-€279below the sector's middle half▼ 98.8%€9,739within the sector's middle half▲ 3,392%
Equity€29,079below the sector's middle half-€29,358below the sector's middle half▲ 1.0%€39,097below the sector's middle half▲ 33.2%
Total assets€506,865below the sector's middle half-€515,706below the sector's middle half▲ 1.7%€515,882below the sector's middle half=
Debt€477,785-€486,348▲ 1.8%€476,785▼ 2.0%
Working capital-€245,946--€286,485▼ 16.5%-€316,397▼ 10.4%
Solvency5.7%below the sector's middle half-5.7%below the sector's middle half=7.6%below the sector's middle half▲ 1.9pp
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
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 2025; 2025 is 77% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €515,882
Fixed assets
€503,613 ▼ 0.2%
Current assets
€12,270 ▲ 10.1%
Equity and liabilities €515,882
Equity
€39,097 ▲ 33.2%
Debt
€476,785 ▼ 2.0%
Debt's share of the balance-sheet total falls from 94.3% to 92.4%. Equity is higher and debt is lower.
Key figures and ratios
ROE
24.9%▲
2024 · 0.9%
ROA
1.9%▲
2024 · 0.1%
Debt ≤ 1 year
€328,667▲
2024 · €297,633
Debt > 1 year
€142,857▼
2024 · €185,714
Income taxes
€2,937▲
2024 · €1,086
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €499 | €689 | €945 | ▲ 37.2% |
| Other operating charges640/8 | €544 | €1,671 | €2,155 | ▲ 29.0% |
| Gross operating margin9900 | €45,108 | €16,215 | €27,593 | ▲ 70.2% |
| Operating profit (loss)9901 | €44,065 | €13,855 | €24,492 | ▲ 76.8% |
| Financial income75/76B | €0 | €0 | - | - |
| Recurring financial income75 | €0 | €0 | - | - |
| Financial charges65/66B | €13,587 | €12,490 | €11,817 | ▼ 5.4% |
| Recurring financial charges65 | €13,587 | €12,490 | €11,817 | ▼ 5.4% |
| Profit (loss) for the period before taxes9903 | €30,478 | €1,365 | €12,675 | ▲ 829% |
| Income taxes67/77 | €6,399 | €1,086 | €2,937 | ▲ 170% |
| Profit (loss) for the period9904 | €24,079 | €279 | €9,739 | ▲ 3,392% |
| Profit (loss) for the period to be appropriated9905 | €24,079 | €279 | €9,739 | ▲ 3,392% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €506,865 | €515,706 | €515,882 | = |
| Fixed assets21/28 | €503,597 | €504,558 | €503,613 | ▼ 0.2% |
| Tangible fixed assets22/27 | €1,347 | €2,308 | €1,363 | ▼ 41.0% |
| Land and buildings22 | - | €1,577 | €1,247 | ▼ 20.9% |
| Furniture and vehicles24 | €1,347 | €731 | €116 | ▼ 84.1% |
| Financial fixed assets28 | €502,250 | €502,250 | €502,250 | = |
| Current assets29/58 | €3,268 | €11,148 | €12,270 | ▲ 10.1% |
| Amounts receivable within one year40/41 | - | - | €3,002 | - |
| Other amounts receivable41 | - | - | €3,002 | - |
| Cash at bank and in hand54/58 | €1,351 | €10,167 | €7,489 | ▼ 26.3% |
| Deferred charges and accrued income490/1 | €1,917 | €981 | €1,778 | ▲ 81.3% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €506,865 | €515,706 | €515,882 | = |
| Equity10/15 | €29,079 | €29,358 | €39,097 | ▲ 33.2% |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | = |
| Profit (loss) carried forward14 | €24,079 | €24,358 | €34,097 | ▲ 40.0% |
| Amounts payable17/49 | €477,785 | €486,348 | €476,785 | ▼ 2.0% |
| Amounts payable after more than one year17 | €228,571 | €185,714 | €142,857 | ▼ 23.1% |
| Financial debts170/4 | €228,571 | €185,714 | €142,857 | ▼ 23.1% |
| Amounts payable within one year42/48 | €249,214 | €297,633 | €328,667 | ▲ 10.4% |
| Current portion of amounts payable after more than one year42 | €42,857 | €42,857 | €59,807 | ▲ 39.5% |
| Trade debts44 | €2,460 | €25,970 | €21,468 | ▼ 17.3% |
| Suppliers440/4 | €2,460 | €25,970 | €21,468 | ▼ 17.3% |
| Taxes, remuneration and social security45 | €6,730 | €17,080 | €11,705 | ▼ 31.5% |
| Taxes450/3 | €6,730 | €16,802 | €3,154 | ▼ 81.2% |
| Remuneration and social security454/9 | - | €278 | €8,551 | ▲ 2,978% |
| Other amounts payable47/48 | €197,167 | €211,726 | €235,688 | ▲ 11.3% |
| Accrued charges and deferred income492/3 | - | €3,000 | €5,261 | ▲ 75.4% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €24,079 | €279 | €9,739 | ▲ 3,392% |
| + Depreciation and write-downs630 | €499 | €689 | €945 | ▲ 37.2% |
| Operating cash flow (approximation) | €24,579 | €968 | €10,684 | ▲ 1,004% |
| Investment in fixed assets (approximation) | - | -€1,650 | €0 | ▲ 100% |
| Change in cash | - | €8,816 | -€2,678 | ▼ 130% |
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
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 29 days late
2024
31-12
Financial
Weakest financial yearnet €279 ▼98.8%
Net result drops to €279, the lowest in the series; recovery starts the following year.
27-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 58 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, Stekene · 1 establishment unit since 2023
Ground area
697 m²
Building footprint
147 m²
Volume, LiDAR
614 m³
Parcel 46011A0611/00C000, Flanders · tallest building 5.7 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Zipagio
since 20232.340.702.545
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46011A0611/00C000 | Flanders | 697 m² | 1 · 147 m² | 5.7 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 1
-
100%
According to the 2025 annual accounts of Zipagio and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 24,729 companies in sector 64210 we hold annual accounts for 19,773. 9,628 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
Founded14-12-2022
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
68110Buying and selling of own real estate
70200Business and other management consultancy
82100Office administrative and support services
85599Other education
E-invoicing
Reachable via Peppol
Peppol ID
0208:0794758315
Also
9925:BE0794758315
Registered
23-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.