Equity
€215,978 ▲ 60.1%
Equity rose in 2025 from €134,861 to €215,978.
ZMS Invest
Lifetime
9 annual accounts with figures on one time axispeak €151,231 (2025)
€151,231▲ 57.7%
lowest -€71,713 (2021)
€81,117▲ 140%
peak €215,978 (2025)
€215,978▲ 60.1%
€475,913▼ 0.1%
Board1 name since 2021
1 directorPUTZEYS David Arthur Helena
Documentsfilings and deeds
30-07-20261 day before the deadline
2025abbreviated format
Gross margin from €95,884 to €151,231Result from €33,747 to €81,117Equity from €134,861 to €215,978Cash from €5,910 to €123,851
Key points
from the 2025 annual accountsChecked score
97
Excellent
Financially stronger than 74% of micro companies in real estate (NACE 68)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 26,625 companies (NACE 68, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.7%
01-2025: 0.6%▼ -0.1 percentage points vs 12-2024
02-2025: 0.7%▲ +0.1 percentage points vs 01-2025
03-2025: 0.7%● unchanged vs 02-2025
04-2025: 0.7%● unchanged vs 03-2025
05-2025: 0.7%● unchanged vs 04-2025
06-2025: 0.7%● unchanged vs 05-2025
07-2025: 0.8%▲ +0.1 percentage points vs 06-2025highest value
08-2025: 0.3%▼ -0.5 percentage points 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: 0.4%▲ +0.1 percentage points vs 05-2026
07-2026: 0.4%● unchanged vs 06-2026
08-2026: 0.1%▼ -0.3 percentage points vs 07-2026lowest value
09-2026: 0.1%● unchanged vs 08-2026lowest value
10-2026: 0.1%● unchanged vs 09-2026
11-2026: 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
1 of the last 3 accounts late
lowers risk
Size: total assets €720,379
Sector: Real estate activities (NACE 68)
Figures for financial year 2025 (filed on 30-07-2026)
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 (NACE 68, micro). It does better than 49% of them on solvency, 81% on liquidity, 80% on profitability and 87% on growth.
The bankruptcy probability was computed on 07-11-2026 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, 2,609 companies had the same profile as ZMS Invest has now. Each dot stands for 7 companies, two years later.
96.8%
were still trading
2.1%
stopped another way
1.0%
went bankrupt
That fits the bankruptcy probability of ZMS Invest itself: 0.1% 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 2,609 companies, not a prediction for ZMS Invest. 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 €20,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 5.04 (2.0 in 2024), above the usual 1.5. Short-term debt is 8.6% and cash 17.2% of total assets. However, 70% 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
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €215,978
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 30-07-2026, 1 day ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
1 day early
2024
1 day early
2023
61 days late
2022
33 days early
2021
19 days late
2020
31 days late
2019
61 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 20 days after the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed 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 July (4 of the last 5 accounts filed within 32 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
08-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0654878474
Company renamed from Immo Putzeys to ZMS Invest
Change of role: PUTZEYS David Arthur Helena, from manager to director · “Het aanleggen,het oordeelkundig uitbouwen en beheren van een onroerend vermogen;alle verrichtingen met…” (deed in Dutch) · Director discharge: PUTZEYS David Arthur Helena · General meeting of 09-02-2021 · Gazette deed
Incorporation
published on 24-05-2016 · Gazette deed
First establishment
Immo Putzeys, Stationsstraat 40, Linter
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| ZMS Invest Linter | €0.7m | €151,231 | 30.0% | - |
| Note Merksplas | €0.6m | €110,847 | 41.9% | - |
| DEVOGHEL INVEST Pajottegem | €1.5m | €56,378 | 75.5% | - |
| J-PLUS Zonhoven | €0.5m | €112,680 | 32.3% | - |
| IMMOBE MANAGEMENT Brussels | €0.8m | €416,250 | 76.4% | 3.9 |
| CHROME Nivelles | €1.0m | €75,468 | 16.0% | - |
| BOPAEP Ninove | €1.5m | €155,724 | 99.6% | 0 |
These companies have the same main activity as ZMS Invest: real estate activities (NACE 68202). They are comparable in size and age: total assets between €493,000 and €1.5m, founded between 2010 and 2020.
Official details
Source: KBO- Status
- Active since 20-05-2016Normal situation
- Activity
- Real estate activitiesNACE 68202and 4 others
- Establishment unit
- 2.253.108.9713350 Linter, since 20-05-2016
- Financial year end
- 31 December
- Peppol
- Reachable since 07-10-2025
Annual accounts 2025
- ≈ €220,000estimated
- €720,379▲ 15.0%
- Filing
- Filed on 30-07-2026, 1 day before the end of the filing period
Insights on ZMS Invest
ZMS Invest files the abbreviated format. That format states no turnover. The gross margin rose from -€9,750 in 2017 to €151,231 in 2025.
The balance sheet grew most from 2018 to 2019 through fixed assets.
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 ZMS Invest
- What is the company number of ZMS Invest?
- The company number of ZMS Invest is 0654.878.474. The VAT number is the same number with BE in front: BE 0654.878.474.
- Where is ZMS Invest based?
- The registered office is at Stationsstraat 40, 3350 Linter.Company details
- What does ZMS Invest do?
- According to the KBO register, the main activity is real estate activities (NACE 68202).
- What is the legal form of ZMS Invest?
- ZMS Invest is a private limited company (BV).
- When was ZMS Invest founded?
- ZMS Invest was founded on 20-05-2016.
- Is ZMS Invest still active?
- Yes, ZMS Invest is an active enterprise in the KBO register.
- What is the turnover of ZMS Invest?
- The turnover in financial year 2025 is ≈ €220,000. This figure is estimated from the gross margin of €151,231 and 52 comparable companies (NACE 682). It probably lies between €170,000 and €310,000.Financials
- Is ZMS Invest profitable?
- In financial year 2025, ZMS Invest made a profit of €81,117.
- Where can I find the annual accounts of ZMS Invest?
- ZMS Invest filed 9 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of ZMS Invest due?
- ZMS Invest must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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