Summary
ZKM 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 €271,060 and a net result of -€1,217. Equity is growing by about 9.4% per year across the filed financial years. Its solvency ranks better than 43% of 2,986 sector peers (NACE 66, financial year 2025). The company has been active since 1984 and the Belgian Official Gazette contains no insolvency or warning signals.
Financials · financial year 2025, micro format
In the rankings
#1 oldest company in Laakdal, Finance and insurance sector
2025 annual accounts filed late (31 days) Filed on 31 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00474411.
Equity
€271,060▼ 0.4%
2024 · €272,277
Net result
-€1,217
2024 · €58,168
Total assets
€631,211▼ 7.1%
2024 · €679,462
Solvency
42.9%▲ 2.9pp
2024 · 40.1%
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result falls in 2025; 2025 is 77% below 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€22,600
2025
Net result-€1,217
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€631,211
2025
Equity€271,060
2025
Debt€360,151
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€15,146
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)-0.2%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency42.9%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio1.13
2025
Average staff in full-time equivalents (FTE).
Staff (FTE)2.5
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 66, Activities auxiliary to financial services and insurance activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€59,274-€85,213▲ 43.8%€184,539▲ 117%€5,325▼ 97.1%-€747€40,331€97,699▲ 142%€22,600▼ 76.9%
Net result€36,553-€69,755▲ 90.8%€130,414above the sector's middle half▲ 87.0%€786below the sector's middle half▼ 99.4%-€4,265below the sector's middle half€17,592within the sector's middle half€58,168within the sector's middle half▲ 231%-€1,217below the sector's middle half
Equity€99,828-€169,582▲ 69.9%€199,997within the sector's middle half▲ 17.9%€200,783within the sector's middle half▲ 0.4%€196,518within the sector's middle half▼ 2.1%€214,110within the sector's middle half▲ 9.0%€272,277within the sector's middle half▲ 27.2%€271,060within the sector's middle half▼ 0.4%
Total assets€133,195-€214,028▲ 60.7%€370,316within the sector's middle half▲ 73.0%€257,065within the sector's middle half▼ 30.6%€221,245within the sector's middle half▼ 13.9%€696,507above the sector's middle half▲ 215%€679,462within the sector's middle half▼ 2.4%€631,211within the sector's middle half▼ 7.1%
Debt€33,368-€44,446▲ 33.2%€170,319▲ 283%€56,282▼ 67.0%€24,727▼ 56.1%€482,397▲ 1,851%€407,185▼ 15.6%€360,151▼ 11.6%
Working capital€82,932-€154,069▲ 85.8%€169,159above the sector's middle half▲ 9.8%€173,039above the sector's middle half▲ 2.3%€173,726above the sector's middle half▲ 0.4%-€89,932below the sector's middle half-€6,799below the sector's middle half▲ 92.4%€15,146within the sector's middle half
Solvency74.9%-79.2%▲ 4.3pp54.0%within the sector's middle half▼ 25.2pp78.1%above the sector's middle half▲ 24.1pp88.8%above the sector's middle half▲ 10.7pp30.7%within the sector's middle half▼ 58.1pp40.1%within the sector's middle half▲ 9.3pp42.9%within the sector's middle half▲ 2.9pp
Current ratio3.49-4.47▲ 0.981.99within the sector's middle half▼ 2.474.07above the sector's middle half▲ 2.088.03above the sector's middle half▲ 3.960.49below the sector's middle half▼ 7.550.95within the sector's middle half▲ 0.461.13within the sector's middle half▲ 0.19
Return on assets (ROA)27.4%-32.6%▲ 5.1pp35.2%above the sector's middle half▲ 2.6pp0.3%below the sector's middle half▼ 34.9pp-1.9%below the sector's middle half▼ 2.2pp2.5%within the sector's middle half▲ 4.5pp8.6%within the sector's middle half▲ 6.0pp-0.2%below the sector's middle half▼ 8.8pp
Staff (FTE)1.6-1.2▼ 25.0%1.3within the sector's middle half▲ 8.3%1.1▼ 15.4%1.1=2▲ 81.8%2.5▲ 25.0%2.5=
above
within
below
the middle half of NACE 66, Activities auxiliary to financial services and insurance activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €631,211
Fixed assets
€500,835 ▼ 10.6%
Current assets
€130,376 ▲ 9.2%
Equity and liabilities €631,211
Equity
€271,060 ▼ 0.4%
Debt
€360,151 ▼ 11.6%
Debt's share of the balance-sheet total falls from 59.9% to 57.1%. Equity and debt are lower.
Key figures and ratios
ROE
-0.4%▼
2024 · 21.4%
Debt ≤ 1 year
€115,230▼
2024 · €126,179
Debt > 1 year
€244,921▼
2024 · €276,648
Income taxes
€7,314▼
2024 · €23,594
Staff costs
€177,753▲
2024 · €161,411
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | - | €500 | - | - |
| Remuneration, social security and pensions62 | - | - | - | €58,920 | €62,379 | €104,396 | €161,411 | €177,753 | ▲ 10.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,198 | €4,418 | €5,112 | €6,280 | €5,881 | €42,597 | €67,004 | €70,769 | ▲ 5.6% |
| Other operating charges640/8 | - | - | - | €1,367 | €1,428 | €1,965 | €2,701 | €2,111 | ▼ 21.8% |
| Non-recurring operating charges66A | - | - | - | - | - | - | €8,021 | - | - |
| Gross operating margin9900 | €156,555 | €151,681 | €246,838 | €71,891 | €68,941 | €189,288 | €336,835 | €273,233 | ▼ 18.9% |
| Operating profit (loss)9901 | €59,274 | €85,213 | €184,539 | €5,325 | -€747 | €40,331 | €97,699 | €22,600 | ▼ 76.9% |
| Financial income75/76B | - | - | - | €768 | €680 | €371 | €1,387 | €1,116 | ▼ 19.6% |
| Recurring financial income75 | €2,729 | €1,937 | €161 | €768 | €680 | €371 | €1,387 | €1,116 | ▼ 19.6% |
| Financial charges65/66B | - | - | - | €608 | €719 | €11,363 | €17,325 | €17,619 | ▲ 1.7% |
| Recurring financial charges65 | €5,981 | €5,580 | €6,130 | €608 | €719 | €11,363 | €17,325 | €17,619 | ▲ 1.7% |
| Profit (loss) for the period before taxes9903 | €56,022 | €104,313 | €178,569 | €5,486 | -€786 | €29,339 | €81,761 | €6,097 | ▼ 92.5% |
| Income taxes67/77 | €19,469 | €34,558 | €48,155 | €4,699 | €3,479 | €11,747 | €23,594 | €7,314 | ▼ 69.0% |
| Profit (loss) for the period9904 | €36,553 | €69,755 | €130,414 | €786 | -€4,265 | €17,592 | €58,168 | -€1,217 | - |
| Profit (loss) for the period to be appropriated9905 | €36,553 | €69,755 | €130,414 | €786 | -€4,265 | €17,592 | €58,168 | -€1,217 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €133,195 | €214,028 | €370,316 | €257,065 | €221,245 | €696,507 | €679,462 | €631,211 | ▼ 7.1% |
| Fixed assets21/28 | €16,895 | €15,513 | €30,838 | €27,744 | €22,818 | €611,169 | €560,083 | €500,835 | ▼ 10.6% |
| Intangible fixed assets21 | - | - | - | - | - | €574,236 | €513,236 | €452,236 | ▼ 11.9% |
| Tangible fixed assets22/27 | €16,895 | €15,513 | €30,838 | €27,744 | €22,818 | €36,933 | €46,847 | €48,600 | ▲ 3.7% |
| Land and buildings22 | - | - | - | €7,560 | €6,516 | €7,723 | €24,413 | €29,942 | ▲ 22.6% |
| Plant, machinery and equipment23 | - | - | - | €15,824 | €14,308 | €12,938 | €17,708 | €16,035 | ▼ 9.5% |
| Furniture and vehicles24 | - | - | - | €4,360 | €1,994 | €16,273 | €4,726 | €2,622 | ▼ 44.5% |
| Current assets29/58 | €116,300 | €198,515 | €339,478 | €229,321 | €198,427 | €85,338 | €119,379 | €130,376 | ▲ 9.2% |
| Amounts receivable within one year40/41 | €74,253 | €59,129 | €50,823 | €62,961 | €65,050 | €18,730 | €12,693 | €20,216 | ▲ 59.3% |
| Trade receivables40 | - | - | - | - | €24,958 | €4,226 | €899 | €1,898 | ▲ 111% |
| Other amounts receivable41 | - | - | - | €62,961 | €40,092 | €14,504 | €11,794 | €18,319 | ▲ 55.3% |
| Cash at bank and in hand54/58 | €8,942 | €104,126 | €152,610 | €150,981 | €116,022 | €24,357 | €70,508 | €69,257 | ▼ 1.8% |
| Deferred charges and accrued income490/1 | - | - | - | €15,379 | €17,356 | €42,252 | €36,178 | €40,902 | ▲ 13.1% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €133,195 | €214,028 | €370,316 | €257,065 | €221,245 | €696,507 | €679,462 | €631,211 | ▼ 7.1% |
| Equity10/15 | €99,828 | €169,582 | €199,997 | €200,783 | €196,518 | €214,110 | €272,277 | €271,060 | ▼ 0.4% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €81,228 | €150,982 | €181,397 | €182,183 | €177,918 | €195,510 | €253,677 | €252,460 | ▼ 0.5% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | - | - | - | - |
| Tax-exempt reserves132 | - | - | - | €7,750 | €7,750 | €7,750 | €7,750 | €7,750 | = |
| Distributable reserves133 | - | - | - | €172,573 | €168,308 | €187,760 | €245,927 | €244,710 | ▼ 0.5% |
| Amounts payable17/49 | €33,368 | €44,446 | €170,319 | €56,282 | €24,727 | €482,397 | €407,185 | €360,151 | ▼ 11.6% |
| Amounts payable after more than one year17 | - | - | - | - | - | €306,981 | €276,648 | €244,921 | ▼ 11.5% |
| Financial debts170/4 | - | - | - | - | - | €306,981 | €276,648 | €244,921 | ▼ 11.5% |
| Amounts payable within one year42/48 | €33,368 | €44,446 | €170,319 | €56,282 | €24,701 | €175,270 | €126,179 | €115,230 | ▼ 8.7% |
| Current portion of amounts payable after more than one year42 | - | - | - | €5,040 | €5,054 | €34,106 | €35,441 | €36,819 | ▲ 3.9% |
| Trade debts44 | €3,846 | €2,996 | €21,155 | €33,410 | - | - | €2,092 | - | - |
| Suppliers440/4 | - | - | - | €33,410 | - | - | €2,092 | - | - |
| Taxes, remuneration and social security45 | - | - | - | €17,832 | €19,647 | €21,801 | €35,029 | €25,024 | ▼ 28.6% |
| Taxes450/3 | - | - | - | €3,515 | €3,723 | €5,111 | €6,423 | - | - |
| Remuneration and social security454/9 | - | - | - | €14,317 | €15,923 | €16,690 | €28,606 | €25,024 | ▼ 12.5% |
| Other amounts payable47/48 | - | - | - | - | - | €119,363 | €53,616 | €53,387 | ▼ 0.4% |
| Accrued charges and deferred income492/3 | - | - | - | - | €26 | €146 | €4,358 | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €36,553 | €69,755 | €130,414 | €786 | -€4,265 | €17,592 | €58,168 | -€1,217 | - |
| + Depreciation and write-downs630 | €9,198 | €4,418 | €5,112 | €6,280 | €5,881 | €42,597 | €67,004 | €70,769 | ▲ 5.6% |
| Operating cash flow (approximation) | €45,750 | €74,172 | €135,526 | €7,067 | €1,616 | €60,189 | €125,171 | €69,552 | ▼ 44.4% |
| Investment in fixed assets (approximation) | - | -€3,036 | -€20,437 | -€3,186 | -€955 | -€630,948 | -€15,918 | -€11,522 | ▲ 27.6% |
| Change in cash | - | €95,184 | €48,484 | -€1,629 | -€34,960 | -€91,665 | €46,152 | -€1,251 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 42 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 31-08-2026 | 2026-00474411 |
| 31-12-2024 | micro format | 28-08-2025 | 2025-00427130 |
| 31-12-2023 | micro format | 30-08-2024 | 2024-00418261 |
| 31-12-2022 | micro format | 30-08-2023 | 2023-00382532 |
| 31-12-2021 | micro format | 30-08-2022 | 2022-20381537 |
| 31-12-2020 | micro format | 25-08-2021 | 2021-56300550 |
| 31-12-2019 | micro format | 21-08-2020 | 2020-43500568 |
| 31-12-2018 | micro format | 29-08-2019 | 2019-52200044 |
| 31-12-2017 | micro format | 24-08-2018 | 2018-48700445 |
| 31-12-2016 | micro format | 29-08-2017 | 2017-49000427 |
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Of the 1,472 active companies whose main activity is other activities auxiliary to financial services, excluding insurance and pension funding (NACE 66199), figures are known for 924. 645 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Subsidies and aid
Flemish government
2022 to 2025 · 4 entries · €882 awarded · €882 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €328 | €328 |
| 2024 | 1 | €347 | €347 |
| 2023 | 1 | €111 | €111 |
| 2022 | 1 | €96 | €96 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.