ZOETHOUDT
ActiveSummary
ZOETHOUDT has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (-€371,972) and a net result of €240,094. Equity is shrinking by ~11.2% per year across the filed fiscal years. Its solvency ranks better than 11% of 9733 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability72▲+23
Solvency21▲+3
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.39 against 0.33 in 2023; short-term debt: 78.6% and cash: 1.7% of total assets), and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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 2024Solvency, return and age of the figures
Solvency
-3.5%
Return on assets
2.3%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 11% of 9733 sector peers (2024).
NBB · sector comparisonPosition among 9733 sector peers
Solvency
better than 11%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-08-2025, 27 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
27 d late
2023
28 d late
2022
14 d early
2021
29 d late
2020
24 d late
2019
31 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 11 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
Equity
-€371,972▲ 39.2%
2023 · -€612,066
Total assets
€10.6m▲ 12.6%
2023 · €9.4m
Net result
€240,094
2023 · -€114,099
Working capital
-€5.1m▼ 3.5%
2023 · -€4.9m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€185,464▼ 4.4%€162,422-€38,893€5,930€315,498▲ 5,220%
Net result-€291,587below the sector's middle half▼ 5.0%€56,260within the sector's middle half-€130,130below the sector's middle half-€114,099below the sector's middle half▲ 12.3%€240,094above the sector's middle half
Equity-€424,098below the sector's middle half▼ 9.0%-€367,838below the sector's middle half▲ 13.3%-€497,968below the sector's middle half▼ 35.4%-€612,066below the sector's middle half▼ 22.9%-€371,972below the sector's middle half▲ 39.2%
Total assets€8.5mabove the sector's middle half▲ 9.7%€8.2mabove the sector's middle half▼ 3.6%€8.4mabove the sector's middle half▲ 2.0%€9.4mabove the sector's middle half▲ 12.0%€10.6mabove the sector's middle half▲ 12.6%
Debt€9.0m▲ 9.7%€8.6m▼ 4.0%€8.9m▲ 3.4%€10.0m▲ 12.6%€11.0m▲ 9.5%
Working capital-€4.5mbelow the sector's middle half▼ 8.6%-€4.3mbelow the sector's middle half▲ 5.4%-€4.3mbelow the sector's middle half▲ 0.8%-€4.9mbelow the sector's middle half▼ 15.2%-€5.1mbelow the sector's middle half▼ 3.5%
Solvency-5.0%below the sector's middle half=-4.5%below the sector's middle half▲ 0.5pp-5.9%below the sector's middle half▼ 1.5pp-6.5%below the sector's middle half▼ 0.6pp-3.5%below the sector's middle half▲ 3.0pp
Current ratio0.25below the sector's middle half▲ 0.010.25below the sector's middle half▲ 0.010.30below the sector's middle half▲ 0.050.33below the sector's middle half▲ 0.030.39below the sector's middle half▲ 0.06
Return on assets (ROA)-3.4%below the sector's middle half▲ 0.2pp0.7%within the sector's middle half▲ 4.1pp-1.5%below the sector's middle half▼ 2.2pp-1.2%within the sector's middle half▲ 0.3pp2.3%within the sector's middle half▲ 3.5pp
Staff (FTE)0within the sector's middle half0within the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 5,220% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €10.6m
Fixed assets
€7.3m ▲ 5.0%
Current assets
€3.3m ▲ 34.7%
Key figures and ratios
EBITDA
€948,925▲
2023 · €586,269
Cash flow
€873,522▲
2023 · €466,240
Debt to equity
-29.49▼
2023 · -16.37
Interest coverage
7.50▲
2023 · 3.76
Debt ≤ 1 year
€8.3m▲
2023 · €7.3m
Debt > 1 year
€2.6m▼
2023 · €2.7m
Income taxes
€304▲
2023 · -€132
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 133 companies that looked in July 2024 the way this one looks now, 0.8% went bankrupt within 24 months and 95% are still going.
- Medium-sized
- negative equity
- a profit under 5% of the balance sheet
- without age
0.8%
went bankrupt
3.8%
stopped otherwise
95%
still going
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 133 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €29 | €0 | - | €17,212 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €529,335 | €566,410 | €560,417 | €580,339 | €633,428 | ▲ 9.1% |
| Other operating charges640/8 | - | €60,492 | €42,529 | €61,850 | €61,665 | ▼ 0.3% |
| Gross operating margin9900 | €382,769 | €789,324 | €564,053 | €648,119 | €1.0m | ▲ 55.9% |
| Operating profit (loss)9901 | -€185,464 | €162,422 | -€38,893 | €5,930 | €315,498 | ▲ 5,220% |
| Financial income75/76B | - | €31,561 | €35,114 | €35,563 | €51,488 | ▲ 44.8% |
| Recurring financial income75 | €33,077 | €31,561 | €35,114 | €35,563 | €51,488 | ▲ 44.8% |
| Financial charges65/66B | - | €136,798 | €126,352 | €155,724 | €126,587 | ▼ 18.7% |
| Recurring financial charges65 | €138,960 | €136,798 | €126,352 | €155,724 | €126,587 | ▼ 18.7% |
| Profit (loss) for the period before taxes9903 | -€291,347 | €57,185 | -€130,130 | -€114,230 | €240,398 | ▲ 310% |
| Income taxes67/77 | €240 | €925 | €0 | -€132 | €304 | ▲ 331% |
| Profit (loss) for the period9904 | -€291,587 | €56,260 | -€130,130 | -€114,099 | €240,094 | ▲ 310% |
| Profit (loss) for the period to be appropriated9905 | -€291,587 | €56,260 | -€130,130 | -€114,099 | €240,094 | ▲ 310% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €8.5m | €8.2m | €8.4m | €9.4m | €10.6m | ▲ 12.6% |
| Fixed assets21/28 | €7.1m | €6.8m | €6.5m | €7.0m | €7.3m | ▲ 5.0% |
| Tangible fixed assets22/27 | €6.9m | €6.6m | €6.4m | €6.8m | €7.2m | ▲ 5.1% |
| Land and buildings22 | - | €6.6m | €6.4m | €6.8m | €7.2m | ▲ 5.1% |
| Plant, machinery and equipment23 | - | - | €1,112 | €859 | €605 | ▼ 29.5% |
| Furniture and vehicles24 | - | €836 | €0 | - | - | - |
| Financial fixed assets28 | €150,849 | €150,849 | €150,849 | €150,849 | €150,849 | = |
| Current assets29/58 | €1.5m | €1.5m | €1.9m | €2.4m | €3.3m | ▲ 34.7% |
| Amounts receivable after more than one year29 | - | €921,552 | €870,868 | €865,287 | €900,112 | ▲ 4.0% |
| Other amounts receivable291 | - | €921,552 | €870,868 | €865,287 | €900,112 | ▲ 4.0% |
| Amounts receivable within one year40/41 | €457,492 | €412,067 | €821,839 | €1.4m | €2.1m | ▲ 54.0% |
| Trade receivables40 | - | €402,110 | €810,725 | €1.4m | €40,825 | ▼ 97.0% |
| Other amounts receivable41 | - | €9,957 | €11,114 | €1,890 | €2.1m | ▲ 110,553% |
| Cash at bank and in hand54/58 | €172,373 | €112,063 | €159,531 | €112,738 | €182,639 | ▲ 62.0% |
| Deferred charges and accrued income490/1 | - | €6,259 | €10,184 | €59,118 | €46,811 | ▼ 20.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €8.5m | €8.2m | €8.4m | €9.4m | €10.6m | ▲ 12.6% |
| Equity10/15 | -€424,098 | -€367,838 | -€497,968 | -€612,066 | -€371,972 | ▲ 39.2% |
| Contributions10/11 | - | €867,150 | €867,150 | €867,150 | €867,150 | = |
| Reserves13 | €405 | €405 | €405 | €405 | €405 | = |
| Non-distributable reserves130/1 | - | €405 | €405 | €405 | €405 | = |
| Reserves not available under the articles1311 | - | €405 | €405 | €405 | €405 | = |
| Profit (loss) carried forward14 | -€1.3m | -€1.2m | -€1.4m | -€1.5m | -€1.2m | ▲ 16.2% |
| Amounts payable17/49 | €9.0m | €8.6m | €8.9m | €10.0m | €11.0m | ▲ 9.5% |
| Amounts payable after more than one year17 | €2.9m | €2.9m | €2.8m | €2.7m | €2.6m | ▼ 2.4% |
| Financial debts170/4 | - | €2.9m | €2.8m | €2.7m | €2.6m | ▼ 2.4% |
| Amounts payable within one year42/48 | €6.0m | €5.7m | €6.1m | €7.3m | €8.3m | ▲ 13.8% |
| Current portion of amounts payable after more than one year42 | - | €79,801 | €80,248 | €80,700 | €63,935 | ▼ 20.8% |
| Financial debts43 | - | €4.3m | €4.0m | €3.7m | €3.4m | ▼ 8.1% |
| Credit institutions430/8 | - | €4.3m | €4.0m | €3.7m | €3.4m | ▼ 8.1% |
| Trade debts44 | €7,595 | €10,362 | €16,015 | €411,022 | €389,535 | ▼ 5.2% |
| Suppliers440/4 | - | €10,362 | €16,015 | €411,022 | €389,535 | ▼ 5.2% |
| Taxes, remuneration and social security45 | - | €13,580 | €13,488 | €85,617 | €152,544 | ▲ 78.2% |
| Taxes450/3 | - | €13,580 | €13,488 | €85,617 | €152,544 | ▲ 78.2% |
| Other amounts payable47/48 | - | €1.3m | €2.0m | €3.0m | €4.3m | ▲ 42.4% |
| Accrued charges and deferred income492/3 | - | €5,582 | €5,582 | €0 | €2,950 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€291,587 | €56,260 | -€130,130 | -€114,099 | €240,094 | ▲ 310% |
| + Depreciation and write-downs630 | €529,335 | €566,410 | €560,417 | €580,339 | €633,428 | ▲ 9.1% |
| Operating cash flow (approximation) | €237,748 | €622,670 | €430,287 | €466,240 | €873,522 | ▲ 87.4% |
| Investment in fixed assets (approximation) | - | -€298,401 | -€316,085 | -€1.0m | -€981,902 | ▲ 4.3% |
| Change in cash | - | -€60,309 | €47,467 | -€46,792 | €69,901 | ▲ 249% |
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
2025
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 27 days late
2024
31-12
Financial
Back to profitnet €240,094
Net result €240,094 after 2 loss-making years.
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 28 days late
2023
17-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 29 days late
2021
31-12
Financial
Back to profitnet €56,260
Net result €56,260 after 2 loss-making years.
24-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 24 days late
2020
31-12
Financial
Weakest financial yearnet -€291,587
Net result drops to -€291,587, the lowest in the series; recovery starts the following year.
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
20-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 28 days late
2017
24-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 24 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 acts for this company are 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, Roeselare · 1 establishment unit since 1994
Ground area
3,681 m²
Building footprint
333 m²
Volume, LiDAR
2,699 m³
Parcel 36502B0473/00T004, Flanders · tallest building 15.5 m, ±3 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
ZOETHOUDT
since 19942.068.999.112
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36502B0473/00T004 | Flanders | 3,681 m² | 1 · 333 m² | 15.5 m · 3 fl. |
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.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2024 list no shareholders, and no other source names one.
Holdings 1
-
49.52%
According to the 2024 annual accounts of ZOETHOUDT and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Recognitions · licences · registrations
Legal Entity Identifier
699400OOO0WCAXAVAM92
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 12,041 companies in sector 68203 we hold annual accounts for 6,007. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded11-10-1994
Fiscal year end31-12
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0453546363
Also
9925:BE0453546363
Registered
30-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.