ZONIMMO
ActiveFinancials · financial year 2025, abbreviated format
2025 annual accounts filed 24 days after the deadline Filed on 24 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00417006.
Annual accounts 2025 filed on 24-08-2026 at the NBB all 19 filings
Turnover
€300,000▼ 9.1%
2024 · €330,187
EBIT margin
67.3%▼ 3.2pp
2024 · 70.5%
Net result
€121,298▼ 10.5%
2024 · €135,575
Working capital
-€365,475▼ 2.0%
2024 · -€358,474
Multi-year overview
2018 to 2025, 8 financial yearsTurnover
€300,000
▼ 9.1%
2025
20182025
Operating result
€201,955
▼ 13.3%
2025
20182025
Net result
€121,298
▼ 10.5%
2025
20182025
EBIT margin
67.3%
▼ 3.2pp
2025
20182025
Equity
€842,616
▲ 16.8%
2025
20182025
Total assets
€1.5m
▼ 1.8%
2025
20182025
Debt
€683,963
▼ 17.9%
2025
20182025
Working capital
-€365,475
▼ 2.0%
2025
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Turnover€0.3m-€0.3m▼ 18.7%€0.3m▲ 6.8%€0.3m▲ 10.5%€0.3m▼ 15.9%€0.3m▲ 1.2%€0.3m▲ 20.2%€0.3m▼ 9.1%
Operating result€0.2m-€0.2m▼ 19.6%€0.2m▲ 11.2%€0.2m▲ 19.2%€0.2m▼ 22.6%€0.2m▲ 0.3%€0.2m▲ 30.2%€0.2m▼ 13.3%
Net result€0.1m-€0.08m▼ 24.1%€0.1m▲ 32.3%€0.1m▲ 32.6%€0.1m▼ 25.3%€0.1m▼ 3.6%€0.1m▲ 42.6%€0.1m▼ 10.5%
EBIT margin64.4%-63.6%▼ 0.8pp66.2%▲ 2.6pp71.4%▲ 5.2pp65.7%▼ 5.7pp65.1%▼ 0.5pp70.5%▲ 5.4pp67.3%▼ 3.2pp
Equity€0.4m-€0.2m▼ 55.2%€0.3m▲ 62.0%€0.4m▲ 50.7%€0.5m▲ 25.2%€0.6m▲ 19.4%€0.7m▲ 23.1%€0.8m▲ 16.8%
Total assets€2.4m-€1.8m▼ 23.6%€1.8m▼ 3.3%€1.7m▼ 3.4%€1.7m▼ 1.3%€1.6m▼ 4.1%€1.6m▼ 4.2%€1.5m▼ 1.8%
Debt€2.0m-€1.7m▼ 18.1%€1.5m▼ 9.5%€1.3m▼ 12.7%€1.2m▼ 9.1%€1.0m▼ 13.7%€0.8m▼ 19.7%€0.7m▼ 17.9%
Working capital-€0.5m--€0.3m▲ 39.2%-€0.4m▼ 9.2%-€0.3m▲ 2.9%-€0.4m▼ 3.3%-€0.4m▼ 5.3%-€0.4m▲ 3.9%-€0.4m▼ 2.0%
The operating result for 2025 is 13% lower than in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.5m
Fixed assets
€1.5m ▼ 3.6%
Current assets
€38,018 ▲ 286%
Equity and liabilities €1.5m
Equity
€842,616 ▲ 16.8%
Debt
€683,963 ▼ 17.9%
Debt's share of the balance-sheet total falls from 53.6% to 44.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€257,621▼
2024 · €288,587
Cash flow
€176,964▼
2024 · €191,242
Current ratio
0.09▲
2024 · 0.03
Debt to equity
0.81▼
2024 · 1.15
ROE
14.4%▼
2024 · 18.8%
ROA
7.9%▼
2024 · 8.7%
Interest coverage
11.27▲
2024 · 9.60
Debt ≤ 1 year
€403,493▲
2024 · €368,311
Debt > 1 year
€280,194▼
2024 · €464,060
Income taxes
€57,796▼
2024 · €67,277
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Securities and guarantees
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Mortgages, amount registered | €2.0m | €2.0m | €2.0m | €2.0m | €2.0m |
| Carrying value of the mortgaged assets | €1.7m | €1.7m | €1.6m | €1.5m | €1.5m |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Turnover70 | €336,000 | €273,300 | €292,000 | €322,792 | €271,542 | €274,684 | €330,187 | €300,000 | ▼ 9.1% |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €4,758 | €4,906 | €5,287 | €5,512 | €5,160 | ▼ 6.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €68,669 | €65,418 | €55,666 | €55,666 | €55,666 | €55,666 | €55,666 | €55,666 | = |
| Other operating charges640/8 | - | - | - | €32,051 | €32,624 | €34,793 | €36,088 | €37,219 | ▲ 3.1% |
| Gross operating margin9900 | €329,084 | €268,717 | €280,875 | €318,214 | €266,636 | €269,396 | €324,675 | €294,840 | ▼ 9.2% |
| Operating profit (loss)9901 | €216,349 | €173,857 | €193,401 | €230,497 | €178,346 | €178,937 | €232,921 | €201,955 | ▼ 13.3% |
| Financial charges65/66B | - | - | - | €50,434 | €43,958 | €36,750 | €30,069 | €22,861 | ▼ 24.0% |
| Recurring financial charges65 | €71,580 | €64,307 | €57,644 | €50,434 | €43,958 | €36,750 | €30,069 | €22,861 | ▼ 24.0% |
| Profit (loss) for the period before taxes9903 | €144,770 | €109,550 | €135,757 | €180,063 | €134,388 | €142,187 | €202,852 | €179,094 | ▼ 11.7% |
| Income taxes67/77 | €45,681 | €34,335 | €36,255 | €48,076 | €35,772 | €47,146 | €67,277 | €57,796 | ▼ 14.1% |
| Profit (loss) for the period9904 | €99,088 | €75,215 | €99,502 | €131,987 | €98,616 | €95,041 | €135,575 | €121,298 | ▼ 10.5% |
| Profit (loss) for the period to be appropriated9905 | €99,088 | €75,215 | €99,502 | €131,987 | €98,616 | €95,041 | €135,575 | €121,298 | ▼ 10.5% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €2.4m | €1.8m | €1.8m | €1.7m | €1.7m | €1.6m | €1.6m | €1.5m | ▼ 1.8% |
| Fixed assets21/28 | €2.4m | €1.8m | €1.8m | €1.7m | €1.7m | €1.6m | €1.5m | €1.5m | ▼ 3.6% |
| Tangible fixed assets22/27 | €2.4m | €1.8m | €1.8m | €1.7m | €1.7m | €1.6m | €1.5m | €1.5m | ▼ 3.6% |
| Land and buildings22 | - | - | - | €1.7m | €1.7m | €1.6m | €1.5m | €1.5m | ▼ 3.6% |
| Current assets29/58 | €0.006m | €0.01m | €0.007m | €0.003m | €0.04m | €0.02m | €0.01m | €0.04m | ▲ 286% |
| Cash at bank and in hand54/58 | €0.006m | €0.01m | €0.007m | €0.003m | €0.04m | €0.02m | €0.01m | €0.04m | ▲ 286% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €2.4m | €1.8m | €1.8m | €1.7m | €1.7m | €1.6m | €1.6m | €1.5m | ▼ 1.8% |
| Equity10/15 | €0.4m | €0.2m | €0.3m | €0.4m | €0.5m | €0.6m | €0.7m | €0.8m | ▲ 16.8% |
| Contributions10/11 | €0.2m | €0.08m | €0.08m | €0.08m | €0.08m | €0.08m | €0.08m | €0.08m | = |
| Capital10 | - | - | - | €0.08m | €0.08m | €0.08m | €0.08m | €0.08m | = |
| Issued capital100 | - | - | - | €0.08m | €0.08m | €0.08m | €0.08m | €0.08m | = |
| Reserves13 | €0.008m | €0.006m | €0.008m | €0.008m | €0.008m | €0.1m | €0.2m | €0.3m | ▲ 45.5% |
| Non-distributable reserves130/1 | - | - | - | €0.008m | €0.008m | €0.008m | €0.008m | €0.008m | = |
| Legal reserve130 | - | - | - | €0.008m | €0.008m | €0.008m | €0.008m | €0.008m | = |
| Distributable reserves133 | - | - | - | - | - | €0.09m | €0.2m | €0.3m | ▲ 47.2% |
| Profit (loss) carried forward14 | €0.1m | €0.07m | €0.2m | €0.3m | €0.4m | €0.4m | €0.4m | €0.4m | ▲ 5.1% |
| Amounts payable17/49 | €2.0m | €1.7m | €1.5m | €1.3m | €1.2m | €1.0m | €0.8m | €0.7m | ▼ 17.9% |
| Amounts payable after more than one year17 | €1.5m | €1.3m | €1.1m | €1.0m | €0.8m | €0.6m | €0.5m | €0.3m | ▼ 39.6% |
| Financial debts170/4 | - | - | - | €1.0m | €0.8m | €0.6m | €0.5m | €0.3m | ▼ 39.6% |
| Amounts payable within one year42/48 | €0.5m | €0.3m | €0.4m | €0.3m | €0.4m | €0.4m | €0.4m | €0.4m | ▲ 9.6% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | ▲ 4.2% |
| Trade debts44 | €0.001m | €241 | - | - | €0.001m | - | - | - | - |
| Suppliers440/4 | - | - | - | - | €0.001m | - | - | - | - |
| Taxes, remuneration and social security45 | - | - | - | €0.08m | €0.08m | €0.08m | €0.07m | €0.1m | ▲ 85.9% |
| Taxes450/3 | - | - | - | €0.08m | €0.08m | €0.08m | €0.07m | €0.1m | ▲ 85.9% |
| Other amounts payable47/48 | - | - | - | €0.09m | €0.1m | €0.1m | €0.1m | €0.09m | ▼ 24.1% |
| Accrued charges and deferred income492/3 | - | - | - | €0.004m | €0.001m | €472 | €376 | €276 | ▼ 26.6% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €99,088 | €75,215 | €99,502 | €131,987 | €98,616 | €95,041 | €135,575 | €121,298 | ▼ 10.5% |
| + Depreciation and write-downs630 | €68,669 | €65,418 | €55,666 | €55,666 | €55,666 | €55,666 | €55,666 | €55,666 | = |
| Operating cash flow (approximation) | €167,757 | €140,633 | €155,169 | €187,653 | €154,282 | €150,707 | €191,242 | €176,964 | ▼ 7.5% |
| Investment in fixed assets (approximation) | - | €507,105 | €0 | €0 | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €5,614 | -€4,493 | -€4,316 | €33,431 | -€13,680 | -€12,690 | €28,181 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 20,136 companies had the same profile as ZONIMMO has now. Two years later, 95.0% were still going and 0.2% had gone bankrupt.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
95.0%
was still going
4.7%
stopped otherwise
0.2%
went bankrupt
That fits the bankruptcy probability of ZONIMMO itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 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 20,136 companies, not a prediction for ZONIMMO. 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.
Latest 10 of 19 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 24-08-2026 | 2026-00417006 | |
| 31-12-2024 | micro format | 10-08-2025 | 2025-00368024 | |
| 31-12-2023 | micro format | 16-08-2024 | 2024-00347342 | |
| 31-12-2022 | micro format | 31-07-2023 | 2023-00295847 | |
| 31-12-2021 | micro format | 29-08-2022 | 2022-20334159 | |
| 31-12-2020 | micro format | 07-10-2021 | 2021-71400078 | |
| 31-12-2019 | micro format | 15-11-2020 | 2020-70800411 | |
| 31-12-2018 | micro format | 17-09-2019 | 2019-64600119 | |
| 31-12-2017 | micro format | 30-06-2018 | 2018-27500205 | |
| 31-12-2016 | micro format | 02-08-2017 | 2017-40200437 |