Zonnehoeve Production
ActiveSummary
Zonnehoeve Production has been active since 1986 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €10.39M and a net result of €-1.39M. Equity remains stable across the filed fiscal years (±2.3% per year). Its solvency ranks better than 90% of 300 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is < 0.1% (very low).
Checked score
Score 2024
68
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability3▼-10
Solvency100=
Growth28▼-1
Track record100
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500k at 30 days acceptable
Liquidity ample (current ratio 4.88 against 5.92 in 2023; short-term debt: 13.5% and cash: 0.9% of total assets), and 14.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 16
Relative position
BE, all sectors
reference
Sector 16
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year €-1.39M
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 09-07-2025, 22 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
22 d early
2023
42 d early
2022
28 d early
2021
17 d early
2020
15 d early
2019
15 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Turnover
€5.11M▼ 4.3%
2023 · €5.34M
2018: €6.47M
2019: €6.96M
2020: €6.19M
2021: €6.61M
2022: €6.70M
2023: €5.34M
2018 → 2024
EBIT margin
-29.1%▼ 14.8pp
2023 · -14.4%
2018: 1.6%
2019: 2.4%
2020: -1.8%
2021: 3.8%
2022: -9.2%
2023: -14.4%
2018 → 2024
Net result
€-1.39M▼ 110%
2023 · €-662k
2018: €172k
2019: €220k
2020: €-105k
2021: €257k
2022: €-730k
2023: €-662k
2018 → 2024
Working capital
€6.34M▼ 18.3%
2023 · €7.77M
2018: €10.06M
2019: €9.94M
2020: €8.78M
2021: €9.22M
2022: €8.48M
2023: €7.77M
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€6.19M-€6.61M▲ 6.9%€6.70M▲ 1.4%€5.34M▼ 20.4%€5.11M▼ 4.3%
Equity€12.85M-€13.11M▲ 2.0%€12.47M▼ 4.9%€11.79M▼ 5.4%€10.39M▼ 11.9%
Operating result€-110k-€255k€-616k€-767k▼ 24.4%€-1.49M▼ 94.0%
Net result€-105k-€257k€-730k€-662k▲ 9.3%€-1.39M▼ 110%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €1.49M in 2024 against €767k in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €12.13M
Fixed assets
€4.15M ▲ 0.5%
Current assets
€7.98M ▼ 14.6%
Equity and liabilities €12.13M
Equity
€10.39M ▼ 11.9%
Debt
€1.74M ▲ 3.4%
Debt's share of the balance-sheet total rises from 12.5% to 14.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-1.03M▼
2023 · €-323k
Cash flow
€-939k▼
2023 · €-218k
Current ratio
4.88▼
2023 · 5.92
Quick ratio
3.45▼
2023 · 4.43
Debt to equity
0.17▲
2023 · 0.14
ROE
-13.4%▼
2023 · -5.6%
ROA
-11.5%▼
2023 · -4.9%
Interest coverage
-1628.33▼
2023 · 40.68
Debt ≤ 1 year
€1.64M▲
2023 · €1.58M
Staff costs
€6.91M▲
2023 · €6.78M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 70 lines
Balance sheet
Code20232024
Assets
Total assets20/58€13.48M€12.13M▼
Fixed assets21/28€4.13M€4.15M▲
Tangible fixed assets22/27€4.10M€4.12M▲
Land and buildings22€2.06M€2.34M▲
Plant, machinery and equipment23€1.33M€1.36M▲
Furniture and vehicles24€109k€190k▲
Assets under construction and advance payments27€602k€229k▼
Financial fixed assets28€31k€31k=
Companies linked by participating interests282/3€0-
Participating interests282€0-
Other financial fixed assets284/8€31k€31k=
Amounts receivable and cash guarantees285/8€31k€31k=
Current assets29/58€9.35M€7.98M▼
Stocks and contracts in progress3€2.34M€2.33M▼
Stocks30/36€2.34M€2.33M▼
Raw materials and consumables30/31€2.06M€2.07M▲
Finished goods33€281k€266k▼
Amounts receivable within one year40/41€1.49M€1.94M▲
Trade receivables40€1.15M€1.38M▲
Other amounts receivable41€338k€560k▲
Current investments50/53€5.24M€3.59M▼
Cash at bank and in hand54/58€221k€104k▼
Deferred charges and accrued income490/1€51k€12k▼
Equity and liabilities
Total equity and liabilities10/49€13.48M€12.13M▼
Equity10/15€11.79M€10.39M▼
Contributions10/11€160k€160k=
Capital10€160k€160k=
Reserves13€7.65M€7.65M=
Profit (loss) carried forward14€3.90M€2.51M▼
Investment grants15€78k€65k▼
Amounts payable17/49€1.68M€1.74M▲
Amounts payable within one year42/48€1.58M€1.64M▲
Trade debts44€570k€359k▼
Suppliers440/4€570k€359k▼
Taxes, remuneration and social security45€919k€1.21M▲
Taxes450/3€151k€151k▲
Remuneration and social security454/9€768k€1.05M▲
Accrued charges and deferred income492/3€102k€103k▲
Income statement
Code20232024
Operating income70/76A€10.38M€10.29M▼
Turnover70€5.34M€5.11M▼
Change in stocks of work in progress, finished goods and contracts in progress71€-8k€-15k▼
Other operating income74€581k€465k▼
Non-recurring operating income76A€58k€74k▲
Operating charges60/66A€11.15M€11.78M▲
Goods for resale, raw materials and consumables60€2.80M€2.97M▲
Purchases600/8€2.46M€3.12M▲
Change in stocks: decrease (increase)609€337k€-147k▼
Services and other goods61€1.06M€1.23M▲
Remuneration, social security and pensions62€6.78M€6.91M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€444k€453k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€5k€163k▲
Other operating charges640/8€54k€39k▼
Non-recurring operating charges66A€4k€12k▲
Operating profit (loss)9901€-767k€-1.49M▼
Financial income75/76B€97k€97k▼
Recurring financial income75€97k€97k▼
Income from current assets751€83k€83k=
Other financial income752/9€14k€14k▼
Financial charges65/66B€-8k€635▲
Recurring financial charges65€-8k€635▲
Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651€-31k€-31k▼
Other financial charges652/9€23k€32k▲
Profit (loss) for the period before taxes9903€-662k€-1.39M▼
Profit (loss) for the period9904€-662k€-1.39M▼
Profit (loss) for the period to be appropriated9905€-662k€-1.39M▼
Appropriation of the result
Profit (loss) to be appropriated9906€3.90M€2.51M▼
Profit (loss) brought forward from the previous period14P€4.56M€3.90M▼
From contributions791€0-
To contributions691€0-
Social balance
Average headcount (FTE)9087227.5218.8▼
The notes to these accounts (59 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
09-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €-1.39M
Net result drops to €-1.39M, the lowest in the series.
19-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
14-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €257k
Net result €257k after one loss-making year.
16-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
16-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
14-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
13-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
08-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
07-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
11 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, Nazareth-De Pinte · 1 establishment unit since 2006
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Zonnestraat 159810 Nazareth-De PinteGround area
2.2 ha
Building footprint
1.1 ha
Volume, LiDAR
60,099 m³
Parcel 44018B0632/00K000, Flanders · tallest building 10.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
VZW Zonnehoeve
since 20062.151.718.039
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44018B0632/00K000 | Flanders | 2.2 ha | 1 · 1.1 ha | 10.5 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 24 entries · 16,789,349 EUR awarded · 16,295,191 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 8 | 4,193,521 EUR | 4,264,664 EUR |
| 2024 | 6 | 4,157,361 EUR | 4,143,056 EUR |
| 2023 | 6 | 4,785,694 EUR | 4,360,541 EUR |
| 2022 | 4 | 3,652,773 EUR | 3,526,930 EUR |
Schemes
Erkenning en subsidiëring als maatwerkafdeling
Procedure groene warmte, restwarmte en energie-efficiënte stadsverwarming
Vlaams opleidingsverlof (VOV)
Open innovatie en strategische transformatie in de sociale economie
Individueel Maatwerk
Show 4 more
Subsidies voor de omkadering van arbeidszorgmedewerkers (stopgezet)
Maatschappelijk Verantwoord Ondernemen (MVO)
Oproepen innovatie en starters
Managementadvies
Recognitions · licences · registrations
Food safety, FASFC
1 siteNazareth-De Pinte2.151.718.039
Recognised sheltered-work company
1 live approvalRecognised sheltered-work company
Quality registration as a provider
1 live approvalQuality registration as a provider
Dual-learning approval
1 endedAdministratief medewerker (so)
Legal Entity Identifier
967600EJV7FHX7LS0F28
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Of 663 companies in sector 16110 we hold annual accounts for 320. 108 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formNon-profit association
Founded15-04-1986
Fiscal year end31-12
Activities, NACEBEL 2025
16110Sawmilling and planing of wood
88993Social work activities without accommodation
Sources
Crossroads Bank for EnterprisesNational Bank · 19 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.