ZM CONSTRUCT
Annual accounts 2025
micro format, filed on 28-04-2026, 2 days before the deadlineTurnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €35,000. Estimated: probably between €16,000 and €67,000.
Balance sheet
balance sheet total €106,032 on 30-09-2025in euro
Position in the sector
-0.2%
Higher than 9% of 35,156 companies in 2025.
1.00
Higher than 21% of 34,529 companies in 2025.
-9.1%
Higher than 13% of 34,730 companies in 2025.
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: middle half · Working capital: bottom quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||
20/58 |
106,032 | 201,872 | 276,581 | 219,301 | 136,931 | |
21/28 |
275 | 63,016 | 51,830 | 30,507 | 39,055 | |
22/27 |
- | 62,741 | 51,555 | 30,232 | 38,905 | |
24 |
- | - | 200 | 600 | 1,000 | |
25 |
- | 62,741 | 51,355 | 29,632 | 37,905 | |
28 |
275 | 275 | 275 | 275 | 150 | |
29/58 |
105,758 | 138,856 | 224,751 | 188,794 | 97,876 | |
29 |
1,473 | 1,473 | 1,473 | 1,928 | - | |
291 |
1,473 | 1,473 | 1,473 | 1,928 | - | |
3 |
- | 11,955 | - | - | - | |
30/36 |
- | 11,955 | - | - | - | |
40/41 |
83,845 | 122,177 | 221,051 | 179,277 | 97,263 | |
40 |
83,370 | 108,706 | 220,690 | 176,395 | 96,894 | |
41 |
475 | 13,471 | 361 | 2,882 | 369 | |
54/58 |
20,440 | - | 1,044 | 4,722 | 506 | |
490/1 |
- | 3,251 | 1,183 | 2,867 | 107 | |
| Balance sheet: equity and liabilities | ||||||
10/49 |
106,032 | 201,872 | 276,581 | 219,301 | 136,931 | |
10/15 |
-218 | 9,480 | 11,214 | 8,668 | 2,976 | |
10/11 |
2,000 | 2,000 | 2,000 | 2,000 | 2,000 | |
13 |
200 | 200 | 200 | 200 | 200 | |
130/1 |
200 | 200 | 200 | 200 | 200 | |
1311 |
200 | 200 | 200 | 200 | 200 | |
14 |
-2,418 | 7,280 | 9,014 | 6,468 | 776 | |
17/49 |
106,250 | 192,392 | 265,367 | 210,633 | 133,955 | |
17 |
- | 55,315 | 44,456 | 25,651 | 32,377 | |
170/4 |
- | 55,315 | 44,456 | 25,651 | 32,377 | |
42/48 |
106,250 | 137,077 | 220,421 | 184,982 | 100,968 | |
42 |
11,375 | 26,307 | 13,499 | 6,726 | 6,394 | |
43 |
30,000 | 30,006 | 30,000 | 30,000 | 28,000 | |
430/8 |
30,000 | 30,006 | 30,000 | 30,000 | 28,000 | |
44 |
33,826 | 41,905 | 152,270 | 137,593 | 50,932 | |
440/4 |
33,826 | 41,905 | 152,270 | 137,593 | 50,932 | |
46 |
- | - | - | - | 5,000 | |
45 |
4,022 | 6,330 | 9,386 | 6,264 | 8,346 | |
450/3 |
4,022 | 6,205 | 5,560 | 2,978 | 616 | |
454/9 |
- | 125 | 3,826 | 3,286 | 7,730 | |
47/48 |
27,027 | 32,529 | 15,266 | 4,399 | 2,296 | |
492/3 |
- | - | 490 | - | 610 | |
| Income statement | ||||||
76A |
6,671 | 6,158 | - | - | - | |
9900 |
2,765 | 33,654 | 33,709 | 69,191 | 18,447 | |
62 |
- | - | 5,848 | 47,139 | 10,809 | |
630 |
- | 15,787 | 11,399 | 8,673 | 3,658 | |
640/8 |
- | 6,086 | 2,246 | 1,272 | 1,396 | |
66A |
-112 | - | - | - | - | |
9901 |
2,877 | 11,781 | 14,216 | 12,107 | 2,584 | |
75/76B |
0 | 2 | 0 | - | - | |
75 |
0 | 2 | 0 | - | - | |
65/66B |
12,575 | 11,704 | 8,886 | 3,517 | 992 | |
65 |
12,575 | 11,704 | 8,886 | 3,517 | 992 | |
9903 |
-9,698 | 79 | 5,330 | 8,590 | 1,592 | |
67/77 |
- | 1,813 | 2,784 | 2,898 | 616 | |
9904 |
-9,698 | -1,734 | 2,546 | 5,692 | 976 | |
9905 |
-9,698 | -1,734 | 2,546 | 5,692 | 976 | |
| Appropriation of the result | ||||||
9906 |
-2,418 | 7,280 | 9,014 | 6,468 | 976 | |
14P |
7,280 | 9,014 | 6,468 | 776 | - | |
691/2 |
- | - | - | - | 200 | |
6921 |
- | - | - | - | 200 | |
| Document | ||||||
The notes to these accounts have 6 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 28-04-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2025 | micro format | 28-04-2026 | 2026-00090641 | |
| 30-09-2024 | micro format | 29-04-2025 | 2025-00079907 | |
| 30-09-2023 | micro format | 29-04-2024 | 2024-00072738 | |
| 30-09-2022 | micro format | 01-05-2023 | 2023-00073486 | |
| 30-09-2021 | micro format | 19-05-2022 | 2022-20031631 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| - | 27,568 | 25,615 | 20,780 | 6,242 | ||
| - | 14,053 | 13,945 | 14,365 | 4,634 | ||
| - | 48,856 | 32,722 | 275 | 42,713 | ||
| - | - | -3,678 | 4,216 | - | ||
| -492 | 1,779 | 4,330 | 3,812 | -3,092 | ||
| -0.2% | 4.7% | 4.1% | 4.0% | 2.2% | ||
| 1.00 | 1.01 | 1.02 | 1.02 | 0.97 | ||
| 1.00 | 0.93 | 1.02 | 1.02 | 0.97 | ||
| - | 20.29 | 23.66 | 24.30 | 45.01 | ||
| - | -18.3% | 22.7% | 65.7% | 32.8% | ||
| -9.1% | -0.9% | 0.9% | 2.6% | 0.7% | ||
| - | 2.36 | 2.88 | 5.91 | 6.29 |
The equity ratios are withheld because equity of -€218 is too small for a meaningful ratio.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 30-09-2025 | 30-09-2024 | 30-09-2023 | 30-09-2022 | 30-09-2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €48,856 | €32,722 | - | €42,563 |
| Financial fixed assets | - | - | - | €275 | €150 |
| - | €15,787 | €11,399 | €8,673 | €3,658 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on ZM CONSTRUCT
The operating result for 2025 is 76% lower than in 2024 and the lowest since 2021. It is the second fall in a row.
Equity is negative. Debt (€106,250) exceeds the balance-sheet total (€106,032).