Losses
-€52,188 in five years
Every financial year from 2021 to 2025 closed with a loss. 2022 was the heaviest.
ZMC
Lifetime
19 annual accounts with figures on one time axis, 22 filings since 2003peak €55,747 (2009)
€29,158▼ 15.0%
lowest -€18,753 (2011)
-€13,674▼ €3,436
peak €458,657 (2021)
€408,069▼ 3.2%
€249,343▲ 11×
Board4 names since 2021
2 directorsLAURENT GEOFFROY and 1 other
Documentsfilings and deeds
27-06-202634 days before the deadline
2025abbreviated format
Gross margin from €34,296 to €29,158Loss of €13,674Debts from €22,550 to €249,343Investments €225,000Cash from €8,973 to €1,685
Key points
from the 2025 annual accountsTurnover
≈ €100,000 estimated
The accounts state no turnover.
Debts
€249,343 ▲ 11×
Debts rose by €226,793 in 2025.
Investments
€225,000 6.3 × depreciation
Green is investment, beige is depreciation. Land and buildings stand 43.9% higher than in 2024.
Filings
22 annual accounts since 2003
Four of the last ten came late. The 2023 accounts came latest: 153 days after the end of the period.
Board
3 joined
New directors. Latest change 01-01-2026 · 3 in office.
Checked score
83
Excellent
Financially stronger than 43% of micro companies without a NACE code
Probability in this band: under 0.55%
Bankruptcy probability within 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).
Last 24 months
12-2024: 1.7%highest value
01-2025: 0.6%▼ -1.1 percentage points vs 12-2024
02-2025: 0.6%● unchanged vs 01-2025
03-2025: 0.6%● unchanged vs 02-2025
04-2025: 0.5%▼ -0.1 percentage points vs 03-2025
05-2025: 0.5%● unchanged vs 04-2025
06-2025: 0.6%▲ +0.1 percentage points vs 05-2025
07-2025: 0.3%▼ -0.3 percentage points vs 06-2025
08-2025: 0.3%● unchanged vs 07-2025
09-2025: 0.3%● unchanged vs 08-2025
10-2025: 0.3%● unchanged vs 09-2025
11-2025: 0.3%● unchanged vs 10-2025
12-2025: 0.3%● unchanged vs 11-2025
01-2026: 0.3%● unchanged vs 12-2025
02-2026: 0.3%● unchanged vs 01-2026
03-2026: 0.3%● unchanged vs 02-2026
04-2026: 0.3%● unchanged vs 03-2026
05-2026: 0.3%● unchanged vs 04-2026
06-2026: 0.3%● unchanged vs 05-2026
07-2026: 0.2%▼ -0.1 percentage points vs 06-2026lowest value
08-2026: 0.3%▲ +0.1 percentage points vs 07-2026
09-2026: 0.4%▲ +0.1 percentage points vs 08-2026
10-2026: 0.4%● unchanged vs 09-2026
11-2026: 0.4%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Liquidity: current ratio 0.67, cash €1,685, halved
1 of the last 3 accounts late
lowers risk
Size: total assets €657,412
Legal form: public limited company
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 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% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (no NACE code, micro). It does better than 52% of them on solvency, 40% on liquidity, 43% on profitability and 35% on growth.
The bankruptcy probability was computed on 05-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 8,617 companies had the same profile as ZMC has now. Each dot stands for 22 companies, two years later.
94.2%
were still trading
5.2%
stopped another way
0.4%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of ZMC itself: 0.4% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 8,617 companies, not a prediction for ZMC. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €30,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.67 (0.9 in 2024), below 1. Short-term debt is 8.5% and cash 0.3% of total assets. 37.9% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
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 2025Net result per financial year
18192122232425
2018 to 2025 · latest year -€13,674
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 27-06-2026, 34 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
34 days early
2024
50 days early
2023
153 days late
2022
122 days late
2021
30 days late
2019
31 days late
2018
58 days early
← before the deadline
after the deadline →
tick = median of all Belgian filings
The company filed its last 7 accounts on average 28 days after the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 30 August (4 of the last 5 accounts filed within 92 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
06-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
GI
GL INVESTISSEMENTS
Managing director
LG
LAURENT GEOFFROY
Director
Recent changes
1 director appointed, 2 reappointments
Reappointments: GEOFFREY Laurent (director) and GL INVESTISSEMENTS (managing director) · Appointment: SLAES Danielle (director) · General meeting of 29-12-2025 · Gazette deed
Incorporation
published on 06-02-2003 · Gazette deed
First establishment
ZMC SA, Chemin de Moustier 92, Namur
Official details
Source: KBO- Status
- Active since 29-01-2003Normal situation
- Activity
- No activity registered in the KBO
- Establishment unit
- 2.137.392.8225020 Namur, since 28-01-2003
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Annual accounts 2025
- €657,412▲ 48.0%
- Filing
- Filed on 27-06-2026, 34 days before the end of the filing period
Insights on ZMC
ZMC files the abbreviated format. That format states no turnover. The gross margin fell from €37,996 in 2006 to €29,158 in 2025.
The balance sheet grew most in 2025 through fixed assets.
In February 2026, the Official Gazette published the appointment of GL INVESTISSEMENTS as managing director.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about ZMC
- What is the company number of ZMC?
- The company number of ZMC is 0479.430.616. The VAT number is the same number with BE in front: BE 0479.430.616.
- Where is ZMC based?
- The registered office is at Chemin de Moustier 92, 5020 Namur.Company details
- What is the legal form of ZMC?
- ZMC is a public limited company (NV).
- When was ZMC founded?
- ZMC was founded on 29-01-2003.
- Is ZMC still active?
- Yes, ZMC is an active enterprise in the KBO register.
- What is the turnover of ZMC?
- The turnover in financial year 2025 is ≈ €100,000. This figure is estimated from the gross margin of €29,158 and 1,226 comparable companies of the same size. It probably lies between €55,000 and €200,000. It is a rough estimate.Financials
- Is ZMC profitable?
- In financial year 2025, ZMC made a loss of €13,674.
- Where can I find the annual accounts of ZMC?
- ZMC filed 22 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of ZMC due?
- ZMC must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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