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ZISTOIRES

Active
Private limited company (pre-2019)founded 200818 yrs activeGratèsstraat 65, 1170 Watermaal-Bosvoorde, BelgiumKBO/BCE: BE 0894.635.948
Summary

The annual accounts of ZISTOIRES for fiscal year 2025 show a net loss of 114% of total assets and of 78% of the equity at the start of that year. The 2025 annual accounts show equity of €3,587 and a net result of -€13,002. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 40% of 1815 sector peers (fiscal year 2025). The company has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.4% (very low).

Overview

Activity
Advertising agencies
NACE 73110
1 site
Size
€35,528turnover 2025
Equity
€3,587
Loss
-€13,002
Financial health
53 Fair Checked score 2025
Bankruptcy chance 12 m
0.4%
Structure
Accounts 16 d early0 of 4 deeds read
Why 53Capped at 59: a net loss of at least half of total assets or of the equity at the start of the financial year- Loss of €13,002, the second in a row (FY 2025)+ Size: turnover €35,528, total assets €11,384+ Founded in 2008+ Figures for FY 2025 (filed 15-07-2026)Show the evidence

Checked score

Score 2025
53 / 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 20% of its sector peers (NACE 73, micro)
Performance against the sector, not lower risk
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59. Every signal that weighs is under Signals.
Financial strength · tick = 2024
Weak
Solvency 57-6
equity 31.5% of total assets
Liquidity 24-44
short-term debt 68.5% · cash 8.6%
Profitability 0=
return on assets -114.2%
Bankruptcy probability, 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%

About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (11,109 companies)
Last 10 months 01-2026: 0.1%lowest value 02-2026: 0.1%▲ +1.5% vs 01-2026 03-2026: 0.1%● 0.0% vs 02-2026 04-2026: 0.1%▲ +7.2% vs 03-2026 05-2026: 0.2%▲ +4.7% vs 04-2026 06-2026: 0.1%▼ -8.3% vs 05-2026 07-2026: 0.2%▲ +11.2% vs 06-2026 08-2026: 0.4%▲ +140% vs 07-2026highest value 09-2026: 0.4%● 0.0% vs 08-2026highest value 10-2026: 0.4%● 0.0% vs 09-2026highest value
  • Size: turnover €35,528, total assets €11,384 lowers the probability for this profile
  • Loss of €13,002, the second in a row (FY 2025) raises the probability
  • Founded in 2008 lowers the probability for this profile
  • Figures for FY 2025 (filed 15-07-2026) lowers the probability
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity tight (current ratio 1.16 against 1.48 in 2024; short-term debt: 68.5% and cash: 8.6% of total assets), and 68.5% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 73, micro). Better than this share of them on solvency 34%, liquidity 13%, profitability 6%, growth against the median 25%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Size: turnover €35,528, total assets €11,384
In the bankruptcy model this factor lowers the probability for this profile.
NBB · annual accounts
raises risk · Loss of €13,002, the second in a row (FY 2025)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
lowers risk · Founded in 2008
In the bankruptcy model this factor lowers the probability for this profile.
KBO
lowers risk · Figures for FY 2025 (filed 15-07-2026)
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
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 2025
Net result per financial year
1819202122232425
2018 to 2025 · latest year -€13,002
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 15-07-2026, 16 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
16 d early
2024
1 d early
2023
8 d late
2022
29 d late
2021
32 d early
2020
11 d late
2019
24 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 4 days before the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 36% 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 30 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
02-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2025 · abbreviated…
  2. Weakest financial yearnet -€13,002
  3. Annual accounts filedfiscal year 2024 · micro…

Key points

  • Caution: Among the weakest 16% on equitysector median €176,924 · 1,819 companies €3,587 View
  • Caution: 2 loss-making years in a rowloss fiscal year 2025 -€13,002 View
  • Turnover 20256 fiscal years filed €35,528 View

By topic

Financials

Fiscal year
2025
Turnover
€35,528
Loss
-€13,002
Solvency
31.5%
Turnover▼ 1.2%
Net result
20182025
Go to Financials

Timeline

Events
14
Since
2017
Next accounts
by 31-07-2027
  1. 15-07-2026Annual accounts filed
  2. 31-12-2025Weakest financial year
  3. 30-07-2025Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company (pre-2019)
Activity
Advertising agenciesNACE 73110
Founded
04-01-2008
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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