ZORIONN DEVELOPMENT
ActiveZORIONN DEVELOPMENT has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €597k and a net result of €10k. Equity is growing by ~9.7% per year across the filed fiscal years. Its solvency ranks better than 47% of 18016 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
61
/ 100
Healthy▼ -11 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability8▼-35
Solvency60▼-2
Growth57=
Stability100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity ample (current ratio 1.51 against 1.38 in 2024), but 68.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
31.1%
Return on assets
0.5%
Age of the figures
17 mo
raises risk · Filed more than 90 days late
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 15-05-2026, 196 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
196 d late
2024
8 d late
2023
97 d late
2022
86 d late
2021
53 d late
2020
33 d late
2019
50 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close14-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, micro schema
Turnover
€2.38M▲ 9.9%
2022 · €2.16M
2022: €2.16M
2022 → 2023
EBIT margin
1.2%▼ 6.5pp
2022 · 7.6%
2022: 7.6%
2022 → 2023
Net result
€10k▼ 80.5%
2024 · €51k
2019: €285k
2020: €60k
2021: €58k
2022: €97k
2023: €6k
2024: €51k
2019 → 2025
Working capital
€609k▲ 37.8%
2024 · €442k
2019: €452k
2020: €478k
2021: €519k
2022: €530k
2023: €426k
2024: €442k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€2.16M€2.38M▲ 9.9%
Equity€434k-€530k▲ 22.3%€537k▲ 1.1%€587k▲ 9.4%€597k▲ 1.7%
Operating result€70k-€165k▲ 137%€28k▼ 83.0%€78k▲ 179%€45k▼ 42.4%
Net result€58k-€97k▲ 67.0%€6k▼ 93.7%€51k▲ 731%€10k▼ 80.5%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 42% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.92M
Fixed assets
€122k▼ 16.1%
Current assets
€1.80M▲ 12.8%
Equity and liabilities €1.92M
Equity
€597k▲ 1.7%
Debt
€1.32M▲ 14.9%
The debt ratio rises from 66.2% to 68.9%: debt grows faster than equity.
Key figures and ratios
EBITDA
€73k▼
2024 · €104k
Cash flow
€38k▼
2024 · €76k
Solvency
31.1%▼
2024 · 33.8%
Current ratio
1.51▲
2024 · 1.38
Quick ratio
0.53▲
2024 · 0.27
Debt / equity
2.21▲
2024 · 1.96
ROE
1.6%▼
2024 · 8.6%
ROA
0.5%▼
2024 · 2.9%
Interest coverage
2.41▼
2024 · 4.76
Debt
€1.32M▲
2024 · €1.15M
Debt ≤ 1 year
€1.19M▲
2024 · €1.15M
Debt > 1 year
€125k▲
2024 · €0
Income taxes
€5k▼
2024 · €6k
Staff costs
€41k▲
2024 · €40k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.74M€1.92M▲
Fixed assets21/28€145k€122k▼
Tangible fixed assets22/27€124k€100k▼
Land and buildings22-€3k
Plant, machinery and equipment23€1k€567▼
Furniture and vehicles24€23k€19k▼
Other tangible fixed assets26€100k€77k▼
Financial fixed assets28€21k€21k▲
Current assets29/58€1.59M€1.80M▲
Stocks and contracts in progress3€1.28M€1.17M▼
Stocks30/36€1.28M€1.17M▼
Amounts receivable within one year40/41€302k€621k▲
Trade receivables40€283k€184k▼
Other amounts receivable41€19k€438k▲
Cash at bank and in hand54/58€4k€844▼
Deferred charges and accrued income490/1€3k€6k▲
Equity and liabilities
Total equity and liabilities10/49€1.74M€1.92M▲
Equity10/15€587k€597k▲
Contributions10/11€619k€619k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€-33k€-24k▲
Amounts payable17/49€1.15M€1.32M▲
Amounts payable after more than one year17€0€125k▲
Financial debts170/4€0€125k▲
Other amounts payable178/9€0-
Amounts payable within one year42/48€1.15M€1.19M▲
Current portion of amounts payable after more than one year42€10k€0▼
Financial debts43€0€27k▲
Credit institutions430/8€0€27k▲
Trade debts44€1.09M€1.11M▲
Suppliers440/4€1.09M€1.11M▲
Taxes, remuneration and social security45€35k€8k▼
Taxes450/3€30k€7k▼
Remuneration and social security454/9€5k€2k▼
Other amounts payable47/48€16k€43k▲
Accrued charges and deferred income492/3-€9k
Income statement
Code20242025
Remuneration, social security and pensions62€40k€41k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€25k€28k▲
Other operating charges640/8€10k€10k▲
Non-recurring operating charges66A€0€3k▲
Gross operating margin9900€154k€126k▼
Operating profit (loss)9901€78k€45k▼
Financial income75/76B€79€234▲
Recurring financial income75€79€234▲
Financial charges65/66B€22k€30k▲
Recurring financial charges65€22k€30k▲
Profit (loss) for the period before taxes9903€57k€15k▼
Income taxes67/77€6k€5k▼
Profit (loss) for the period9904€51k€10k▼
Profit (loss) for the period to be appropriated9905€51k€10k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-33k€-24k▲
Profit (loss) brought forward from the previous period14P€-84k€-33k▲
Social balance
Average headcount (FTE)90870.0-
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
15-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 196 days late
2024
08-11
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 8 days late
05-02
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 97 days late
2023
31-03
Financial
Weakest financial yearnet €6k ▼93.7%
Net result drops to €6k, the lowest in the series; recovery starts the following year.
25-01
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 86 days late
2022
31-03
Financial
Equity above €500kEq €530k ▲22.3%
4 profitable years in a row build equity to €530k.
2021
23-12
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 53 days late
2020
03-12
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 33 days late
2019
11-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2018
26-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 56 days late
2017
04-12
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 34 days late
2016
24-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Knokke-Heist · 1 establishment unit since 2019
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.
Golvenstraat 68300 Knokke-HeistGround area
328 m²
Building footprint
327 m²
Volume, LiDAR
7,316 m³
Parcel 31332E0009/00_000, Flanders · tallest building 29.4 m, ±8 floors. Linked by address, not a title deed.
1 establishment unit
Gokelaere & Robinson
since 20192.293.369.614
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31332E0009/00_000 | Flanders | 327 m² | 1 · 327 m² | 29.4 m · 8 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
2024 to 2025 · 2 entries · 15,378 EUR awarded · 15,378 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 12,313 EUR | 12,313 EUR |
| 2024 | 1 | 3,065 EUR | 3,065 EUR |
Schemes
Individueel Maatwerk
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Of 1,276 companies in sector 47690 we hold annual accounts for 419. 237 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded15-10-2007
Fiscal year end31-03
Abbreviation FR
Z.DE
Activities, NACEBEL
47690Retail sale of other cultural and recreation goods
47787Retail trade
58190Other publishing activities, excluding software publishing
70200Business and other management consultancy
70220Business consulting
82300Organisation of conventions and trade shows
Sources
Crossroads Bank for EnterprisesNational Bank · 17 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.