Equity
ZMY-Construct paid out €11,463 in dividends. That is 100% of the 2025 profit.
ZMY-Construct paid out €11,463 in dividends. That is 100% of the 2025 profit.
The micro format states no turnover.
Of this, €23,820 falls due within a year.
Short-term debts fell from €25,733 to €23,820.
Less equity than 81% of companies in civil engineering. Sector median €54,526 · 1,264 companies.
The dashed line is the sector median: 0.8% across 1,866 companies (NACE 42, micro).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
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 42, micro). It does better than 26% of them on solvency, 74% on liquidity, 81% on profitability and 38% on growth.
The bankruptcy probability was computed on 08-11-2026 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 30-09-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% 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).
In July 2024, 7,976 companies had the same profile as ZMY-Construct has now. Each dot stands for 20 companies, two years later.
Another 0.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of ZMY-Construct itself: 1.1% within 12 months.
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 7,976 companies, not a prediction for ZMY-Construct. 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.
Liquidity is ample, with a current ratio of 1.62 (1.05 in 2024), above the usual 1.5. Short-term debt is 48.7% and cash 35.8% of total assets. However, 76.5% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 2 accounts on average 22 days before the deadline. In the sector (NACE 42), the median for financial year 2024 was 2 days before the deadline, and 41% of those companies filed late.
These companies have the same main activity as ZMY-Construct: construction of roads and motorways (NACE 42110). They are comparable in size and age: total assets between €32,300 and €84,800, founded between 2022 and 2024.
ZMY-Construct has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €11,500 and a net result of €11,500.
Its solvency ranks better than 25% of 1,263 sector peers (NACE 42, financial year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €280,000. Estimated: probably between €190,000 and €490,000.
Higher than 25% of 1,263 companies in 2025.
Higher than 48% of 1,222 companies in 2025.
Higher than 77% of 1,227 companies in 2025.
Net result: middle half · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: middle half
Staff costs divided by the average number of full-time equivalents.
| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| Balance sheet: assets | |||
20/58 |
48,944 | 40,784 | |
21/28 |
10,426 | 13,686 | |
22/27 |
10,426 | 13,686 | |
24 |
10,426 | 13,686 | |
29/58 |
38,518 | 27,098 | |
40/41 |
21,014 | 15,289 | |
40 |
14,524 | 13,872 | |
41 |
6,490 | 1,417 | |
54/58 |
17,504 | 11,809 | |
| Balance sheet: equity and liabilities | |||
10/49 |
48,944 | 40,784 | |
10/15 |
11,500 | 11,463 | |
14 |
11,500 | 11,463 | |
17/49 |
37,444 | 29,321 | |
17 |
- | 3,588 | |
170/4 |
- | 3,588 | |
42/48 |
23,820 | 25,733 | |
42 |
3,588 | 5,898 | |
44 |
7,799 | 11,566 | |
440/4 |
7,799 | 11,566 | |
45 |
12,434 | 7,386 | |
450/3 |
8,311 | 3,757 | |
454/9 |
4,123 | 3,628 | |
47/48 |
- | 883 | |
492/3 |
13,624 | - | |
| Income statement | |||
9900 |
93,580 | 82,247 | |
62 |
73,278 | 61,775 | |
630 |
3,259 | 2,611 | |
640/8 |
1,031 | 1,663 | |
9901 |
16,012 | 16,198 | |
75/76B |
160 | - | |
75 |
160 | - | |
65/66B |
457 | 407 | |
65 |
457 | 407 | |
9903 |
15,714 | 15,792 | |
67/77 |
4,214 | 4,328 | |
9904 |
11,500 | 11,463 | |
9905 |
11,500 | 11,463 | |
| Appropriation of the result | |||
9906 |
22,963 | 11,463 | |
14P |
11,463 | - | |
694/7 |
11,463 | - | |
694 |
11,463 | - | |
| Social balance sheet | |||
9087 |
1 | 1 | |
Hours worked1013 |
1,672 | 1,552 | |
| Document | |||
The notes to these accounts have 3 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 11-03-2026.
| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| 19,271 | 18,809 | ||
| 14,759 | 14,074 | ||
| 0 | 16,297 | ||
| 5,695 | - | ||
| 14,697 | 1,365 | ||
| 23.5% | 28.1% | ||
| 1.62 | 1.05 | ||
| 3.26 | 2.56 | ||
| 100.0% | 100.0% | ||
| 23.5% | 28.1% | ||
| 42.18 | 46.25 |
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.
| Item | 30-09-2025 | 30-09-2024 |
|---|---|---|
| Employees at the balance-sheet date | 1 | 1 |
| full-time | 1 | 1 |
| in full-time equivalents | 1 | 1 |
| 1 | 1 | |
| On a permanent contract | 1 | 1 |
| Joined | - | 1 |
| Left | - | 0 |
Source: social balance sheet in the 2024 to 2025 annual accounts
| Item | 30-09-2025 | 30-09-2024 |
|---|---|---|
| Tangible fixed assets | - | €16,297 |
| €3,259 | €2,611 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 1% lower than in 2024.
Debt's share of the balance-sheet total rises from 71.9% to 76.5%. Equity and debt are higher.
ZMY-Construct has no parent and no holdings in its annual accounts. KOCYIGIT Ali is the only director. ZMY-Construct shares no director with another company.
Deadline for the 2026 accounts: 30-04-2027
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
ZMY-Construct was incorporated on 17 September 2023 as a private limited company by one natural person, with a starting capital of €3,000.12 KOCYIGIT Ali is director of the company, appointed by deed of 20-09-2023.2 The company has filed 2 sets of annual accounts, the latest for financial year 2025.3
| Establishment | Since | Unit number |
|---|---|---|
| Dendermondebaan 218 registered office 9240 Zele | 02-10-2023 | 2.349.466.001 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 42402C1979/00R002 | 244 m² | 1 · 86 m² | 10.0 m · 2 |
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0805.920.342
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