ZM Bulkline
ActiveZM Bulkline has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €54k and a net result of €42k. Equity is growing by ~21.8% per year across the filed fiscal years. Its solvency ranks better than 27% of 7447 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2024
67
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability88▲+55
Solvency51=
Growth78=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3.5k at 30 days acceptable
Liquidity ample (current ratio 3.81 against 1.79 in 2023; short-term debt: 23.9% and cash: 3.1% of total assets), but 73.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
26.5%
Return on assets
20.7%
Age of the figures
20 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 01-10-2025, 62 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
62 d late
2023
86 d late
2022
101 d late
2021
106 d late
2020
86 d late
2019
89 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€54k▲ 4.5%
2023 · €52k
2018: €5k
2019: €26k
2020: €43k
2021: €29k
2022: €36k
2023: €52k
2018 → 2024
Total assets
€204k▲ 1.2%
2023 · €202k
2018: €311k
2019: €299k
2020: €243k
2021: €212k
2022: €256k
2023: €202k
2018 → 2024
Net result
€42k▲ 1,068%
2023 · €4k
2018: €-46k
2019: €21k
2020: €18k
2021: €-14k
2022: €6k
2023: €4k
2018 → 2024
Working capital
€138k▲ 70.8%
2023 · €81k
2018: €65k
2019: €38k
2020: €49k
2021: €46k
2022: €105k
2023: €81k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€43k-€29k▼ 32.1%€36k▲ 21.8%€52k▲ 44.8%€54k▲ 4.5%
Operating result€27k-€-10k€15k€20k▲ 32.2%€64k▲ 220%
Net result€18k-€-14k€6k€4k▼ 43.4%€42k▲ 1,068%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2021 the operating result has climbed three years in a row; 2024 is 220% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €204k
Fixed assets
€18k▼ 8.3%
Current assets
€186k▲ 2.2%
Equity and liabilities €204k
Equity
€54k▲ 4.5%
Debt
€150k▲ 0.1%
The debt ratio falls from 74.3% to 73.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€69k▲
2023 · €25k
Cash flow
€47k▲
2023 · €9k
Solvency
26.5%▲
2023 · 25.7%
Current ratio
3.81▲
2023 · 1.79
Quick ratio
3.70▲
2023 · 1.72
Debt / equity
2.77▼
2023 · 2.90
ROE
78.2%▲
2023 · 7.0%
ROA
20.7%▲
2023 · 1.8%
Interest coverage
5.15▲
2023 · 1.46
Debt
€150k▲
2023 · €150k
Debt ≤ 1 year
€49k▼
2023 · €102k
Debt > 1 year
€86k▲
2023 · €34k
Income taxes
€14k▲
2023 · €4k
Staff costs
€7k▲
2023 · €5k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€202k€204k▲
Fixed assets21/28€20k€18k▼
Tangible fixed assets22/27€16k€14k▼
Furniture and vehicles24-€3k
Other tangible fixed assets26€16k€11k▼
Financial fixed assets28€4k€4k=
Current assets29/58€182k€186k▲
Stocks and contracts in progress3€7k€5k▼
Stocks30/36€7k€5k▼
Amounts receivable within one year40/41€174k€175k▲
Trade receivables40€68k€79k▲
Other amounts receivable41€106k€96k▼
Cash at bank and in hand54/58€2k€6k▲
Equity and liabilities
Total equity and liabilities10/49€202k€204k▲
Equity10/15€52k€54k▲
Contributions10/11€19k€19k=
Outside capital11€19k€19k=
Other1109/19€19k€19k=
Reserves13€5k€5k=
Distributable reserves133€5k€5k=
Profit (loss) carried forward14€28k€31k▲
Amounts payable17/49€150k€150k▲
Amounts payable after more than one year17€34k€86k▲
Financial debts170/4€34k€86k▲
Amounts payable within one year42/48€102k€49k▼
Current portion of amounts payable after more than one year42€88k€15k▼
Trade debts44€10k€7k▼
Suppliers440/4€10k€7k▼
Taxes, remuneration and social security45€4k€27k▲
Taxes450/3€4k€26k▲
Remuneration and social security454/9-€1k
Accrued charges and deferred income492/3€14k€15k▲
Income statement
Code20232024
Non-recurring operating income76A€1k-
Remuneration, social security and pensions62€5k€7k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€5k▲
Other operating charges640/8€2k€1k▼
Non-recurring operating charges66A-€1k
Gross operating margin9900€31k€78k▲
Operating profit (loss)9901€20k€64k▲
Financial income75/76B€4k€6k▲
Recurring financial income75€4k€6k▲
Financial charges65/66B€17k€13k▼
Recurring financial charges65€17k€13k▼
Profit (loss) for the period before taxes9903€7k€56k▲
Income taxes67/77€4k€14k▲
Profit (loss) for the period9904€4k€42k▲
Profit (loss) for the period to be appropriated9905€4k€42k▲
Appropriation of the result
Profit (loss) to be appropriated9906€32k€71k▲
Profit (loss) brought forward from the previous period14P€28k€28k=
Transfer to equity691/2€4k-
To other reserves6921€4k-
Profit to be distributed694/7-€40k
Return on contributions (dividend)694-€40k
Social balance
Average headcount (FTE)9087-0.2
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
01-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 62 days late
2024
31-12
Financial
Highest result since 2018net €42k ▲1068%
Operating result €64k, net result €42k, both a record.
31-12
Financial
Liquidity doublescurrent ratio 3.81
Current ratio from 1.79 to 3.81; short-term debt falls from €102k to €49k.
25-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 86 days late
2023
09-11
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 101 days late
2022
31-12
Financial
Back to profitnet €6k
Net result €6k after one loss-making year.
14-11
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 106 days late
2021
25-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 86 days late
2020
28-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 89 days late
2019
31-12
Financial
Back to profitnet €21k
Net result €21k after one loss-making year.
31-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 92 days late
2018
02-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 63 days late
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
10-06
NBB filing
Annual accounts filed
fiscal year 2015 · 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 2022
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.
31-12-2022
Resigned as Director
Location & real-estate footprint
Registered office, Antwerpen · 1 establishment unit since 2011
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.
Volkerenlaan 472610 AntwerpenGround area
285 m²
Building footprint
85 m²
Volume, LiDAR
565 m³
Parcel 11463D0439/00S003, Flanders · tallest building 9.0 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
PAUL DAK BVBA
since 20112.206.299.147
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11463D0439/00S003 | Flanders | 285 m² | 1 · 85 m² | 9.0 m · 3 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
Project
BE 0765.809.654
Leuven · Eq €54k
S. Hendrickx
BE 1006.095.183
Hoogstraten · Eq €54k
Algemene Bouwwerken Calaerts
BE 0831.892.685
Herentals · Eq €54k
BASTACO
BE 0662.711.126
Antwerpen · Eq €54k
ERIAN
BE 0475.223.289
Diepenbeek · Eq €54k
Of 4,095 companies in sector 43240 we hold annual accounts for 1,631. 1,341 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded02-12-2011
Fiscal year end31-12
Activities, NACEBEL
43240Other construction installation
43299Specialised construction activities
43422Screed work
43910Bricklaying and masonry work
43990Other specialised construction activities
43994Specialised construction activities
43999Specialised construction activities
49410Freight transport by road
Sources
Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.