ZOSMA
ActiveFinancials · financial year 2025, abbreviated format
2025 annual accounts filed 30 days after the deadline Filed on 30 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00492657.
Annual accounts 2025 filed on 30-08-2026 at the NBB all 23 filings
Equity
€101,999▼ 12.8%
2024 · €116,956
Total assets
€474,826▲ 1.4%
2024 · €468,357
Net result
-€14,957▲ 57.7%
2024 · -€35,374
Working capital
€129,666▲ 2.7%
2024 · €126,291
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
-€13,993
▲ 58.6%
2025
20182025
Net result
-€14,957
▲ 57.7%
2025
lowest quarter of the sector
20182025
Equity
€101,999
▼ 12.8%
2025
middle half of the sector
20182025
Total assets
€474,826
▲ 1.4%
2025
middle half of the sector
20182025
Debt
€372,827
▲ 6.1%
2025
20182025
Working capital
€129,666
▲ 2.7%
2025
middle half of the sector
20182025
Solvency
21.5%
▼ 3.5pp
2025
middle half of the sector
20182025
Current ratio
4.69
▼ 2.27
2025
highest quarter of the sector
20182025
Return on assets (ROA)
-3.1%
▲ 4.4pp
2025
lowest quarter of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€20,578-€5,522▼ 73.2%-€322€4,756€14,446▲ 204%-€12,088-€33,784▼ 179%-€13,993▲ 58.6%
Net result€12,700--€303-€2,057below the sector's middle half▼ 579%€1,716within the sector's middle half€8,307within the sector's middle half▲ 384%-€6,813below the sector's middle half-€35,374below the sector's middle half▼ 419%-€14,957below the sector's middle half▲ 57.7%
Equity€151,479-€151,177▼ 0.2%€149,120within the sector's middle half▼ 1.4%€150,836within the sector's middle half▲ 1.2%€159,142within the sector's middle half▲ 5.5%€152,330within the sector's middle half▼ 4.3%€116,956within the sector's middle half▼ 23.2%€101,999within the sector's middle half▼ 12.8%
Total assets€419,384-€412,853▼ 1.6%€427,275above the sector's middle half▲ 3.5%€446,525above the sector's middle half▲ 4.5%€506,488above the sector's middle half▲ 13.4%€497,471above the sector's middle half▼ 1.8%€468,357above the sector's middle half▼ 5.9%€474,826within the sector's middle half▲ 1.4%
Debt€261,141-€261,676▲ 0.2%€278,156▲ 6.3%€295,690▲ 6.3%€347,346▲ 17.5%€345,141▼ 0.6%€351,401▲ 1.8%€372,827▲ 6.1%
Working capital-€160,650--€165,230▼ 2.9%€62,346within the sector's middle half€73,943within the sector's middle half▲ 18.6%€80,619within the sector's middle half▲ 9.0%€140,153above the sector's middle half▲ 73.8%€126,291above the sector's middle half▼ 9.9%€129,666within the sector's middle half▲ 2.7%
Solvency36.1%-36.6%▲ 0.5pp34.9%within the sector's middle half▼ 1.7pp33.8%within the sector's middle half▼ 1.1pp31.4%within the sector's middle half▼ 2.4pp30.6%within the sector's middle half▼ 0.8pp25.0%within the sector's middle half▼ 5.6pp21.5%within the sector's middle half▼ 3.5pp
Current ratio0.37-0.36▼ 0.012.19within the sector's middle half▲ 1.832.18within the sector's middle half▼ 0.011.98within the sector's middle half▼ 0.216.56above the sector's middle half▲ 4.596.96above the sector's middle half▲ 0.404.69above the sector's middle half▼ 2.27
Return on assets (ROA)3.0%--0.1%▼ 3.1pp-0.5%within the sector's middle half▼ 0.4pp0.4%within the sector's middle half▲ 0.9pp1.6%within the sector's middle half▲ 1.3pp-1.4%below the sector's middle half▼ 3.0pp-7.6%below the sector's middle half▼ 6.2pp-3.1%below the sector's middle half▲ 4.4pp
above
within
below
The sector band is the middle half of the companies in Advertising, market research and public relations activities (NACE 73). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is a loss of €13,993, smaller than the loss of €33,784 in 2024.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €474,826
Fixed assets
€310,050 ▼ 3.4%
Current assets
€164,776 ▲ 11.7%
Equity and liabilities €474,826
Equity
€101,999 ▼ 12.8%
Debt
€372,827 ▲ 6.1%
Debt's share of the balance-sheet total rises from 75.0% to 78.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€3,166▲
2024 · -€22,537
Cash flow
-€4,130▲
2024 · -€24,127
Quick ratio
0.60▲
2024 · 0.33
Debt to equity
3.66▲
2024 · 3.00
ROE
-14.7%▲
2024 · -30.2%
Interest coverage
-3.41▲
2024 · -17.96
Debt ≤ 1 year
€35,110▲
2024 · €21,189
Debt > 1 year
€337,717▲
2024 · €330,212
Income taxes
€282▼
2024 · €422
Supplier credit
7 days
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €33,745 | - | - | - |
| Depreciation and write-downs of the year | €2,547 | €424 | €11,247 | €11,247 | €10,827 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Goods, raw materials, services and sundry goods60/61 | - | - | - | - | - | - | - | €113,980 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,697 | €5,697 | €5,697 | €2,547 | €424 | €11,247 | €11,247 | €10,827 | ▼ 3.7% |
| Other operating charges640/8 | - | - | - | €393 | €1,663 | €2,084 | €1,956 | €604 | ▼ 69.1% |
| Gross operating margin9900 | €27,189 | €12,260 | €6,755 | €7,695 | €16,533 | €1,243 | -€20,581 | -€2,562 | ▲ 87.6% |
| Operating profit (loss)9901 | €20,578 | €5,522 | -€322 | €4,756 | €14,446 | -€12,088 | -€33,784 | -€13,993 | ▲ 58.6% |
| Financial income75/76B | - | - | - | - | €471 | €7,059 | €87 | €247 | ▲ 184% |
| Recurring financial income75 | €0 | - | €124 | - | €471 | €7,059 | €87 | €247 | ▲ 184% |
| Non-recurring financial income76B | - | - | - | - | - | €7,059 | - | - | - |
| Financial charges65/66B | - | - | - | €826 | €750 | €1,491 | €1,255 | €929 | ▼ 26.0% |
| Recurring financial charges65 | €1,381 | €2,101 | €1,109 | €826 | €750 | €1,491 | €1,255 | €929 | ▼ 26.0% |
| Profit (loss) for the period before taxes9903 | €19,197 | €3,421 | -€1,307 | €3,929 | €14,167 | -€6,520 | -€34,952 | -€14,675 | ▲ 58.0% |
| Income taxes67/77 | €6,497 | €10,488 | €750 | €2,214 | €5,861 | €293 | €422 | €282 | ▼ 33.2% |
| Profit (loss) for the period9904 | €12,700 | -€303 | -€2,057 | €1,716 | €8,307 | -€6,813 | -€35,374 | -€14,957 | ▲ 57.7% |
| Profit (loss) for the period to be appropriated9905 | €12,700 | €12,833 | -€2,057 | €1,716 | €8,307 | -€6,813 | -€35,374 | -€14,957 | ▲ 57.7% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €419,384 | €412,853 | €427,275 | €446,525 | €506,488 | €497,471 | €468,357 | €474,826 | ▲ 1.4% |
| Fixed assets21/28 | €323,991 | €318,294 | €312,597 | €310,050 | €343,371 | €332,124 | €320,877 | €310,050 | ▼ 3.4% |
| Tangible fixed assets22/27 | €13,941 | €8,244 | €2,547 | - | €33,321 | €22,074 | €10,827 | - | - |
| Furniture and vehicles24 | - | - | - | - | €33,321 | €22,074 | €10,827 | - | - |
| Financial fixed assets28 | €310,050 | €310,050 | €310,050 | €310,050 | €310,050 | €310,050 | €310,050 | €310,050 | = |
| Current assets29/58 | €95,393 | €94,559 | €114,679 | €136,475 | €163,117 | €165,347 | €147,480 | €164,776 | ▲ 11.7% |
| Stocks and contracts in progress3 | €77,492 | €69,378 | €78,574 | €106,777 | €115,502 | €142,223 | €140,447 | €143,773 | ▲ 2.4% |
| Stocks30/36 | - | - | - | €106,777 | €115,502 | €142,223 | €140,447 | €143,773 | ▲ 2.4% |
| Amounts receivable within one year40/41 | €3,040 | €12,683 | €26,191 | €23,305 | €35,374 | €13,861 | €3,537 | €7,612 | ▲ 115% |
| Trade receivables40 | - | - | - | €15,272 | €32,588 | €12,053 | €3,537 | €612 | ▼ 82.7% |
| Other amounts receivable41 | - | - | - | €8,033 | €2,786 | €1,808 | - | €7,000 | - |
| Cash at bank and in hand54/58 | €14,665 | €12,379 | €9,687 | €6,299 | €12,112 | €9,188 | €3,395 | €13,005 | ▲ 283% |
| Deferred charges and accrued income490/1 | - | - | - | €94 | €128 | €75 | €101 | €386 | ▲ 282% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €419,384 | €412,853 | €427,275 | €446,525 | €506,488 | €497,471 | €468,357 | €474,826 | ▲ 1.4% |
| Equity10/15 | €151,479 | €151,177 | €149,120 | €150,836 | €159,142 | €152,330 | €116,956 | €101,999 | ▼ 12.8% |
| Contributions10/11 | €141,850 | €141,850 | - | €141,850 | €141,850 | €141,850 | €141,850 | €141,850 | = |
| Reserves13 | €18,574 | €9,327 | €9,327 | €9,327 | €17,227 | €17,227 | €17,227 | €17,227 | = |
| Non-distributable reserves130/1 | - | - | - | €9,327 | €9,327 | €9,327 | €9,327 | €9,327 | = |
| Reserves not available under the articles1311 | - | - | - | €9,327 | €9,327 | €9,327 | €9,327 | €9,327 | = |
| Distributable reserves133 | - | - | - | - | €7,900 | €7,900 | €7,900 | €7,900 | = |
| Profit (loss) carried forward14 | -€8,944 | - | -€2,057 | -€341 | €66 | -€6,747 | -€42,121 | -€57,078 | ▼ 35.5% |
| Provisions and deferred taxes16 | €6,764 | - | - | - | - | - | - | - | - |
| Amounts payable17/49 | €261,141 | €261,676 | €278,156 | €295,690 | €347,346 | €345,141 | €351,401 | €372,827 | ▲ 6.1% |
| Amounts payable after more than one year17 | €5,098 | €1,887 | €225,823 | €233,157 | €264,848 | €319,947 | €330,212 | €337,717 | ▲ 2.3% |
| Financial debts170/4 | - | - | - | - | €21,147 | €14,404 | €7,360 | - | - |
| Other amounts payable178/9 | - | - | - | €233,157 | €243,702 | €305,543 | €322,852 | €337,717 | ▲ 4.6% |
| Amounts payable within one year42/48 | €256,043 | €259,789 | €52,332 | €62,532 | €82,497 | €25,194 | €21,189 | €35,110 | ▲ 65.7% |
| Current portion of amounts payable after more than one year42 | - | - | - | €1,214 | €8,088 | €6,742 | €7,044 | €7,360 | ▲ 4.5% |
| Financial debts43 | - | - | - | - | €2,139 | - | - | - | - |
| Credit institutions430/8 | - | - | - | - | €2,139 | - | - | - | - |
| Trade debts44 | €26,979 | €21,415 | €25,416 | €42,456 | €52,104 | €2,412 | €3,407 | €2,202 | ▼ 35.4% |
| Suppliers440/4 | - | - | - | €42,456 | €52,104 | €2,412 | €3,407 | €2,202 | ▼ 35.4% |
| Taxes, remuneration and social security45 | - | - | - | €18,862 | €20,166 | €16,040 | €10,738 | €25,548 | ▲ 138% |
| Taxes450/3 | - | - | - | €14,250 | €20,166 | €14,497 | €9,650 | €23,144 | ▲ 140% |
| Remuneration and social security454/9 | - | - | - | €4,613 | - | €1,543 | €1,088 | €2,404 | ▲ 121% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €12,700 | -€303 | -€2,057 | €1,716 | €8,307 | -€6,813 | -€35,374 | -€14,957 | ▲ 57.7% |
| + Depreciation and write-downs630 | €5,697 | €5,697 | €5,697 | €2,547 | €424 | €11,247 | €11,247 | €10,827 | ▼ 3.7% |
| Operating cash flow (approximation) | €18,397 | €5,394 | €3,640 | €4,263 | €8,731 | €4,434 | -€24,127 | -€4,130 | ▲ 82.9% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | -€33,745 | €0 | €0 | €0 | - |
| Change in cash | - | -€2,286 | -€2,692 | -€3,388 | €5,813 | -€2,924 | -€5,793 | €9,610 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 23 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 30-08-2026 | 2026-00492657 | |
| 31-12-2024 | micro format | 29-08-2025 | 2025-00479301 | |
| 31-12-2023 | micro format | 14-08-2024 | 2024-00346483 | |
| 31-12-2022 | micro format | 10-08-2023 | 2023-00323555 | |
| 31-12-2021 | micro format | 24-08-2022 | 2022-20312043 | |
| 31-12-2020 | micro format | 30-07-2021 | 2021-44500058 | |
| 31-12-2019 | micro format | 18-09-2020 | 2020-54200498 | |
| 31-12-2018 | micro format | 30-09-2019 | 2019-66900319 | |
| 31-12-2017 | full format | 14-08-2018 | 2018-45800204 | |
| 31-12-2016 | full format | 26-06-2017 | 2017-21700522 |