Financials
- Financial year
- 2025
- Total assets
- €11.2m
- Loss
- -€5.4m
- Solvency
- -87.2%
Total assets▼ 17.7%
Net result
20182025
ZOUTEKREKEN
ActiveSummary
The computed 12-month bankruptcy probability of ZOUTEKREKEN is 6.8% (elevated). The 2025 annual accounts show negative equity (-€9.7m) and a net result of -€5.4m. Equity is shrinking by about 86% per year across the filed financial years. Its solvency ranks better than 5% of 557 sector peers (NACE 01, financial year 2025). The company has been active since 2004 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Activity
Raising of horses and other equines
NACE 01430
3rd largest company by total assets in Ypres, Agriculture, forestry and fishing sector3 sites
Size
€11.2mtotal assets 2025
- Staff
- 7.8 FTE
- Equity
- -€9.7m
- Loss
- -€5.4m
Structure
- Parent
- DEUS · 99.83%
- Paul GheysensDaily manager
Auditor: KPMG Bedrijfsrevisoren2025 accounts filed 76 days late2 of 16 deeds summarised
Why 32raises riskNegative equity -€9.7mLoss of €5.4m, the second in a row (financial year 2025)Liquidity: current ratio 0.03, cash €41,450, halvedLast filed accounts filed 76 days late; 1 of the last 3 lateShow the evidence
Checked score
Score 2025
32
/ 100
Weak
Probability in this band: 4.2% to 15.0%
Financially better than 4% of its sector peers (NACE 01, micro)
Financial strength · tick = 2024
Weak
Solvency
0=
equity -87.2% of total assets
Liquidity
0-1
short-term debt 175.0% · cash 0.4%
Profitability
0=
return on assets -48.6%
Bankruptcy probability, 12 months
6.8%
Elevated
0%0.5%1.5%4%10%≥ 25%
About 7 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 4.1%
12-2024: 4.1%● unchanged vs 11-2024
01-2025: 4.1%● unchanged vs 12-2024
02-2025: 4.1%● unchanged vs 01-2025
03-2025: 4.2%▲ +0.1 percentage points vs 02-2025
04-2025: 4.2%● unchanged vs 03-2025
05-2025: 4.3%▲ +0.1 percentage points vs 04-2025
06-2025: 4.4%▲ +0.1 percentage points vs 05-2025
07-2025: 4.7%▲ +0.3 percentage points vs 06-2025
08-2025: 4.6%▼ -0.1 percentage points vs 07-2025
09-2025: 4.1%▼ -0.5 percentage points vs 08-2025
10-2025: 4.1%● unchanged vs 09-2025
11-2025: 4.1%● unchanged vs 10-2025
12-2025: 4.1%● unchanged vs 11-2025
01-2026: 4.1%● unchanged vs 12-2025
02-2026: 4.1%● unchanged vs 01-2026
03-2026: 4.1%● unchanged vs 02-2026lowest value
04-2026: 4.1%● unchanged vs 03-2026lowest value
05-2026: 4.1%● unchanged vs 04-2026
06-2026: 4.2%▲ +0.1 percentage points vs 05-2026
07-2026: 4.4%▲ +0.2 percentage points vs 06-2026
08-2026: 4.3%▼ -0.1 percentage points vs 07-2026
09-2026: 4.5%▲ +0.2 percentage points vs 08-2026
10-2026: 6.8%▲ +2.3 percentage points vs 09-2026highest value
No credit on open account
Liquidity insufficient (current ratio 0.03, compared with 0.07 in 2024, below 1; short-term debt: 175% and cash: 0.4% of total assets), and equity is negative.
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 01, micro): better than 5% on solvency, 2% on liquidity, 4% on profitability and 3% on growth.
The bankruptcy probability was computed on 23-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
Six signals.
raises risk
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€9.7m
raises risk · 2025 accounts filed 76 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 15-10-2026, 76 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
76 days late
2024
5 days late
2023
23 days early
2022
20 days early
2021
23 days early
2020
18 days early
2019
18 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 3 days before the deadline; the sector median (NACE 01) for financial year 2024 is 3 days before the deadline, and 37% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 11 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsWhere today falls in the filing period
24-10-2026 today31-12-2026 year end31-07-2027 deadline
- Annual accounts filedfinancial year 2025 · full…
- Appointment: Paul Gheysens (director)Permanent representative: Christophe Van Parys…
- Weakest financial yearnet -€5.4m
Key points
- Risk: Negative equityfinancial year 2025: debts exceed assets -€9.7m View
- Risk: 8 loss-making years in a rowloss financial year 2025 -€5.4m View
- Caution: Equity fell in 2025from -€4.3m to -€9.7m ▼ 126% View
- Caution: Among the weakest 5% on solvencysector median 43.9% · 557 companies -87.2% View
- Caution: Latest accounts filed lateafter the legal deadline 76 days View
- Controlled by DEUSultimately: International Real Estate Services… 99.83% View
- New directorlatest change 05-05-2026 · 1 in office 1 joined View
By topic
Board & ownership
- Board
- 1 member
- Parent
- DEUS · 99.83%
- Auditor
- KPMG Bedrijfsrevisoren
- Paul GheysensDaily manager
Network & group
- Group
- International Real Estate Services…
Timeline
- Events
- 25
- Since
- 2006
- Next accounts
- by 31-07-2027
- 05-08-2025Annual accounts filed
- 28-02-2025Reappointment: KPMG Bedrijfsrevisoren (statutory auditor)
- 08-07-2024Annual accounts filed
Company details
- Sites
- 3
- Legal form
- Public limited company
- Activity
- Raising of horses and other equinesNACE 01430
- Founded
- 11-10-2004
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Key facts about ZOUTEKREKEN
- What is the company number of ZOUTEKREKEN?
- 0867.745.568. In Belgium the VAT number is the company number with BE in front: BE 0867.745.568.
- Where is ZOUTEKREKEN based?
- The registered office is at Zwaanhofweg 10, 8900 Ieper.Company details
- What does ZOUTEKREKEN do?
- According to the KBO register, the main activity is raising of horses and other equines (NACE 01430).
- What is the legal form of ZOUTEKREKEN?
- Public limited company (NV).
- When was ZOUTEKREKEN founded?
- On 11-10-2004.
- Is ZOUTEKREKEN still active?
- Yes, ZOUTEKREKEN is an active enterprise in the KBO register.
- How many employees does ZOUTEKREKEN have?
- On average 7.8 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of ZOUTEKREKEN?
- Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.
- Is ZOUTEKREKEN profitable?
- In financial year 2025, ZOUTEKREKEN made a loss of €5.4m.
- Where can I find the annual accounts of ZOUTEKREKEN?
- ZOUTEKREKEN filed 21 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of ZOUTEKREKEN due?
- By 31-07-2027, for financial year 2026.Timeline
Companies related to ZOUTEKREKEN
Parent and group
Comparable companies
- DIEPENSTEYNLonderzeel
- VadeboBalen
- CENTRE EUROPEEN DU CHEVAL DE MONT-LE-SOIEVielsalm
- L&M SporthorsesPutte
- DB DEVELOPPEMENTChaumont-Gistoux
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