ZM CONSTRUCT
ActiveSummary
The computed 12-month bankruptcy probability of ZM CONSTRUCT is 3.5% (moderate). The 2025 annual accounts show negative equity (-€218) and a net result of -€9,698. Equity remains stable across the filed fiscal years (±2.3% per year). Its solvency ranks better than 10% of 28051 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability15▼-22
Solvency25▼-5
Growth32▼-20
Track record94
Bankruptcy probability, 12 months
3.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 1.0 against 1.01 in 2024; short-term debt: 100.2% and cash: 19.3% of total assets), and equity is negative.
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Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2025Solvency, return and age of the figures
Solvency
-0.2%
Return on assets
-9.1%
Age of the figures
12 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
2122232425
2021 to 2025 · latest year -€218
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 28-04-2026, 2 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
2 d early
2024
1 d early
2023
1 d early
2022
1 d late
2021
19 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 3 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
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
26-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€218
2024 · €9,480
Total assets
€106,032▼ 47.5%
2024 · €201,872
Net result
-€9,698▼ 459%
2024 · -€1,734
Working capital
-€492
2024 · €1,779
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€2,584-€12,107▲ 369%€14,216▲ 17.4%€11,781▼ 17.1%€2,877▼ 75.6%
Net result€976-€5,692▲ 483%€2,546▼ 55.3%-€1,734-€9,698▼ 459%
Equity€2,976-€8,668▲ 191%€11,214▲ 29.4%€9,480▼ 15.5%-€218
Total assets€136,931-€219,301▲ 60.2%€276,581▲ 26.1%€201,872▼ 27.0%€106,032▼ 47.5%
Debt€133,955-€210,633▲ 57.2%€265,367▲ 26.0%€192,392▼ 27.5%€106,250▼ 44.8%
Working capital-€3,092-€3,812€4,330▲ 13.6%€1,779▼ 58.9%-€492
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 76% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €106,032
Fixed assets
€275 ▼ 99.6%
Current assets
€105,758 ▼ 23.8%
Key figures and ratios
Solvency
-0.2%▼
2024 · 4.7%
Current ratio
1.00▼
2024 · 1.01
ROA
-9.1%▼
2024 · -0.9%
Debt ≤ 1 year
€106,250▼
2024 · €137,077
Equity ratios withheld: equity of -€218 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €6,158 | €6,671 | ▲ 8.3% |
| Remuneration, social security and pensions62 | €10,809 | €47,139 | €5,848 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,658 | €8,673 | €11,399 | €15,787 | - | - |
| Other operating charges640/8 | €1,396 | €1,272 | €2,246 | €6,086 | - | - |
| Non-recurring operating charges66A | - | - | - | - | -€112 | - |
| Gross operating margin9900 | €18,447 | €69,191 | €33,709 | €33,654 | €2,765 | ▼ 91.8% |
| Operating profit (loss)9901 | €2,584 | €12,107 | €14,216 | €11,781 | €2,877 | ▼ 75.6% |
| Financial income75/76B | - | - | €0 | €2 | €0 | ▼ 99.5% |
| Recurring financial income75 | - | - | €0 | €2 | €0 | ▼ 99.5% |
| Financial charges65/66B | €992 | €3,517 | €8,886 | €11,704 | €12,575 | ▲ 7.4% |
| Recurring financial charges65 | €992 | €3,517 | €8,886 | €11,704 | €12,575 | ▲ 7.4% |
| Profit (loss) for the period before taxes9903 | €1,592 | €8,590 | €5,330 | €79 | -€9,698 | ▼ 12,376% |
| Income taxes67/77 | €616 | €2,898 | €2,784 | €1,813 | - | - |
| Profit (loss) for the period9904 | €976 | €5,692 | €2,546 | -€1,734 | -€9,698 | ▼ 459% |
| Profit (loss) for the period to be appropriated9905 | €976 | €5,692 | €2,546 | -€1,734 | -€9,698 | ▼ 459% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €136,931 | €219,301 | €276,581 | €201,872 | €106,032 | ▼ 47.5% |
| Fixed assets21/28 | €39,055 | €30,507 | €51,830 | €63,016 | €275 | ▼ 99.6% |
| Tangible fixed assets22/27 | €38,905 | €30,232 | €51,555 | €62,741 | - | - |
| Furniture and vehicles24 | €1,000 | €600 | €200 | - | - | - |
| Leasing and similar rights25 | €37,905 | €29,632 | €51,355 | €62,741 | - | - |
| Financial fixed assets28 | €150 | €275 | €275 | €275 | €275 | ▼ 0.2% |
| Current assets29/58 | €97,876 | €188,794 | €224,751 | €138,856 | €105,758 | ▼ 23.8% |
| Amounts receivable after more than one year29 | - | €1,928 | €1,473 | €1,473 | €1,473 | = |
| Other amounts receivable291 | - | €1,928 | €1,473 | €1,473 | €1,473 | = |
| Stocks and contracts in progress3 | - | - | - | €11,955 | - | - |
| Stocks30/36 | - | - | - | €11,955 | - | - |
| Amounts receivable within one year40/41 | €97,263 | €179,277 | €221,051 | €122,177 | €83,845 | ▼ 31.4% |
| Trade receivables40 | €96,894 | €176,395 | €220,690 | €108,706 | €83,370 | ▼ 23.3% |
| Other amounts receivable41 | €369 | €2,882 | €361 | €13,471 | €475 | ▼ 96.5% |
| Cash at bank and in hand54/58 | €506 | €4,722 | €1,044 | - | €20,440 | - |
| Deferred charges and accrued income490/1 | €107 | €2,867 | €1,183 | €3,251 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €136,931 | €219,301 | €276,581 | €201,872 | €106,032 | ▼ 47.5% |
| Equity10/15 | €2,976 | €8,668 | €11,214 | €9,480 | -€218 | ▼ 102% |
| Contributions10/11 | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Reserves13 | €200 | €200 | €200 | €200 | €200 | = |
| Non-distributable reserves130/1 | €200 | €200 | €200 | €200 | €200 | = |
| Reserves not available under the articles1311 | €200 | €200 | €200 | €200 | €200 | = |
| Profit (loss) carried forward14 | €776 | €6,468 | €9,014 | €7,280 | -€2,418 | ▼ 133% |
| Amounts payable17/49 | €133,955 | €210,633 | €265,367 | €192,392 | €106,250 | ▼ 44.8% |
| Amounts payable after more than one year17 | €32,377 | €25,651 | €44,456 | €55,315 | - | - |
| Financial debts170/4 | €32,377 | €25,651 | €44,456 | €55,315 | - | - |
| Amounts payable within one year42/48 | €100,968 | €184,982 | €220,421 | €137,077 | €106,250 | ▼ 22.5% |
| Current portion of amounts payable after more than one year42 | €6,394 | €6,726 | €13,499 | €26,307 | €11,375 | ▼ 56.8% |
| Financial debts43 | €28,000 | €30,000 | €30,000 | €30,006 | €30,000 | = |
| Credit institutions430/8 | €28,000 | €30,000 | €30,000 | €30,006 | €30,000 | = |
| Trade debts44 | €50,932 | €137,593 | €152,270 | €41,905 | €33,826 | ▼ 19.3% |
| Suppliers440/4 | €50,932 | €137,593 | €152,270 | €41,905 | €33,826 | ▼ 19.3% |
| Advances received on contracts in progress46 | €5,000 | - | - | - | - | - |
| Taxes, remuneration and social security45 | €8,346 | €6,264 | €9,386 | €6,330 | €4,022 | ▼ 36.5% |
| Taxes450/3 | €616 | €2,978 | €5,560 | €6,205 | €4,022 | ▼ 35.2% |
| Remuneration and social security454/9 | €7,730 | €3,286 | €3,826 | €125 | - | - |
| Other amounts payable47/48 | €2,296 | €4,399 | €15,266 | €32,529 | €27,027 | ▼ 16.9% |
| Accrued charges and deferred income492/3 | €610 | - | €490 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €976 | €5,692 | €2,546 | -€1,734 | -€9,698 | ▼ 459% |
| + Depreciation and write-downs630 | €3,658 | €8,673 | €11,399 | €15,787 | - | - |
| Operating cash flow (approximation) | €4,634 | €14,365 | €13,945 | €14,053 | -€9,698 | ▼ 169% |
| Investment in fixed assets (approximation) | - | -€125 | -€32,722 | -€26,973 | €62,742 | ▲ 333% |
| Change in cash | - | €4,216 | -€3,678 | - | - | - |
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
28-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Weakest financial yearnet -€9,698
Net result drops to -€9,698, the lowest in the series.
29-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
29-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
01-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 1 day late
2022
30-09
Financial
Highest result since 2021net €5,692 ▲483%
Net result €5,692, the highest in the series.
19-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 19 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Seneffe · 1 establishment unit since 2021
Ground area
248 m²
Building footprint
44 m²
Parcel 52003C0008/00G000, Wallonia. Linked by address, not a title deed.
1 establishment unit
ZM CONSTRUCT
since 20212.311.622.539
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52003C0008/00G000 | Wallonia | 248 m² | 1 · 44 m² | - |
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.
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Of 4,094 companies in sector 43240 we hold annual accounts for 1,634. 884 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
Founded17-12-2020
Fiscal year end30-09
Activities, NACEBEL 2025
43240Other construction installation
43110Demolition
43120Site preparation
43230Insulation installation
43320Joinery installation
Scores and ratios are computed by Checked and are not a credit decision.