ZISCOAT
ActiveZISCOAT has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.63M and a net result of €105k. Equity is growing by ~9.3% per year across the filed fiscal years. Its solvency ranks better than 65% of 213 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
92
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability74=
Solvency95▲+4
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €150k at 30 days acceptable
Liquidity ample (current ratio 5.72 against 6.86 in 2024; short-term debt: 9.1% and cash: 39.7% of total assets), and 30.5% 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○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 72
Relative position
BE, all sectors
reference
Sector 72
lower
← fewer bankruptcies
more bankruptcies →
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
69.5%
Return on assets
4.5%
Age of the figures
12 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
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 30-03-2026, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
31 d early
2024
5 d early
2023
on the day
2022
27 d early
2021
33 d early
2020
8 d early
2019
on the day
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
20-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€1.63M▲ 6.9%
2024 · €1.53M
2018: €542k
2019: €936k
2020: €1.07M
2021: €1.22M
2022: €1.33M
2023: €1.43M
2024: €1.53M
2018 → 2025
Total assets
€2.35M▲ 1.5%
2024 · €2.32M
2018: €2.09M
2019: €2.20M
2020: €2.26M
2021: €2.31M
2022: €2.33M
2023: €2.49M
2024: €2.32M
2018 → 2025
Net result
€105k▲ 2.9%
2024 · €102k
2018: €351k
2019: €394k
2020: €137k
2021: €144k
2022: €116k
2023: €93k
2024: €102k
2018 → 2025
Working capital
€1.01M▲ 4.7%
2024 · €961k
2018: €268k
2019: €621k
2020: €715k
2021: €815k
2022: €894k
2023: €896k
2024: €961k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.22M-€1.33M▲ 9.5%€1.43M▲ 7.0%€1.53M▲ 7.2%€1.63M▲ 6.9%
Operating result€166k-€137k▼ 17.3%€108k▼ 20.9%€109k▲ 0.3%€104k▼ 3.8%
Net result€144k-€116k▼ 19.6%€93k▼ 19.8%€102k▲ 9.6%€105k▲ 2.9%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 4% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.35M
Fixed assets
€1.13M▼ 5.0%
Current assets
€1.22M▲ 8.4%
Equity and liabilities €2.35M
Equity
€1.63M▲ 6.9%
Debt
€717k▼ 8.9%
The debt ratio falls from 34.0% to 30.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€164k▼
2024 · €168k
Cash flow
€164k▲
2024 · €161k
Solvency
69.5%▲
2024 · 66.0%
Current ratio
5.72▼
2024 · 6.86
Quick ratio
5.72▼
2024 · 6.86
Debt / equity
0.44▼
2024 · 0.51
ROE
6.4%▼
2024 · 6.7%
ROA
4.5%▲
2024 · 4.4%
Interest coverage
11.76▲
2024 · 10.29
Debt
€717k▼
2024 · €786k
Debt ≤ 1 year
€213k▲
2024 · €164k
Debt > 1 year
€503k▼
2024 · €611k
Staff costs
€74k▲
2024 · €68k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€2.32M€2.35M▲
Fixed assets21/28€1.19M€1.13M▼
Tangible fixed assets22/27€1.19M€1.13M▼
Land and buildings22€1.19M€1.13M▼
Financial fixed assets28€0-
Current assets29/58€1.13M€1.22M▲
Amounts receivable within one year40/41€234k€281k▲
Trade receivables40€84k€127k▲
Other amounts receivable41€150k€154k▲
Cash at bank and in hand54/58€884k€933k▲
Deferred charges and accrued income490/1€8k€6k▼
Equity and liabilities
Total equity and liabilities10/49€2.32M€2.35M▲
Equity10/15€1.53M€1.63M▲
Contributions10/11€1.65M€1.65M=
Capital10€1.65M€1.65M=
Issued capital100€1.65M€1.65M=
Profit (loss) carried forward14€-126k€-20k▲
Amounts payable17/49€786k€717k▼
Amounts payable after more than one year17€611k€503k▼
Financial debts170/4€611k€503k▼
Amounts payable within one year42/48€164k€213k▲
Current portion of amounts payable after more than one year42€106k€108k▲
Trade debts44€24k€60k▲
Suppliers440/4€24k€60k▲
Taxes, remuneration and social security45€20k€18k▼
Taxes450/3€8k€7k▼
Remuneration and social security454/9€11k€11k▲
Other amounts payable47/48€14k€27k▲
Accrued charges and deferred income492/3€11k€771▼
Income statement
Code20242025
Remuneration, social security and pensions62€68k€74k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€59k€59k=
Other operating charges640/8€17k€17k▲
Gross operating margin9900€253k€255k▲
Operating profit (loss)9901€109k€104k▼
Financial income75/76B€10k€15k▲
Recurring financial income75€10k€15k▲
Financial charges65/66B€16k€14k▼
Recurring financial charges65€16k€14k▼
Profit (loss) for the period before taxes9903€102k€105k▲
Profit (loss) for the period9904€102k€105k▲
Profit (loss) for the period to be appropriated9905€102k€105k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-126k€-20k▲
Profit (loss) brought forward from the previous period14P€-228k€-126k▲
Social balance
Average headcount (FTE)90871.01.0=
The notes to these accounts (11 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 2026, expected by
2026
30-03
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
25-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-09
Financial
Weakest financial yearnet €93k ▼19.8%
Net result drops to €93k, the lowest in the series; recovery starts the following year.
03-04
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
28-03
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
22-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-09
Financial
Equity above €1MEq €1.07M ▲14.6%
3 profitable years in a row build equity to €1.07M.
30-04
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
30-09
Financial
Highest result since 2018net €394k ▲12.1%
Operating result €423k, net result €394k, both a record.
30-09
Financial
Liquidity triplescurrent ratio 5.34
Current ratio from 1.82 to 5.34; short-term debt falls from €327k to €143k.
30-04
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
26-04
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
27-04
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2023
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
09-03-2023
Jean Michel Anthony: Resigned as Director
03-11-2016
De Munter Herman: Resigned as Managing director
22-09-2015
De Scheerder Ivan: Resigned as Director
22-09-2015
Paul Van Dun: Resigned as Director
Location & real-estate footprint
Registered office, Lokeren · 1 establishment unit since 2004
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.
Brandstraat 139160 LokerenGround area
8,994 m²
Building footprint
2,680 m²
Volume, LiDAR
16,840 m³
Parcel 46382B1199/00B000, Flanders · tallest building 11.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ZISCOAT
since 20042.143.999.314
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46382B1199/00B000 | Flanders | 8,994 m² | 1 · 2,680 m² | 11.2 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.
Similar companies · same sector, comparable size
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Zymofix
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PÔLE MECA TECH
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THILIO
BE 0877.273.641
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LARECO
BE 0444.719.066
Marche-en-Famenne · Eq €1.56M
Of 1,177 companies in sector 72109 we hold annual accounts for 715. 415 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded28-10-2004
Fiscal year end30-09
Activities, NACEBEL
72109Other research and development on natural sciences
73100
82990Other business support services
85146
86909Human health activities
86995Nutrition and dietetics services
Sources
Crossroads Bank for EnterprisesNational Bank · 20 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.