ZSABO
ActiveSummary
ZSABO has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €47,115 and a net result of €21,571. Equity is growing by ~62.7% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100▲+4
Solvency100▲+23
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,000 at 30 days acceptable
Liquidity ample (current ratio 4.61 against 2.24 in 2023; short-term debt: 21.7% and cash: 2% of total assets), and 22.3% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer bankruptcies
← 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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-06-2026, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
31 d early
2024
44 d early
2023
51 d early
2022
46 d early
2021
45 d early
2020
17 d early
2019
22 d 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 37 days before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 16 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
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Financials · fiscal year 2024, micro schema
Equity
€47,115▲ 84.4%
2023 · €25,544
Total assets
€60,650▲ 23.5%
2023 · €49,106
Net result
€21,571▲ 98.7%
2023 · €10,854
Working capital
€47,488▲ 74.8%
2023 · €27,175
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€17,533▲ 439%€25,299▲ 44.3%€22,588▼ 10.7%€16,044▼ 29.0%€31,812▲ 98.3%
Net result€17,364within the sector's middle half▲ 537%€24,548within the sector's middle half▲ 41.4%€16,539within the sector's middle half▼ 32.6%€10,854within the sector's middle half▼ 34.4%€21,571within the sector's middle half▲ 98.7%
Equity-€26,397below the sector's middle half▲ 39.7%-€1,849below the sector's middle half▲ 93.0%€14,690below the sector's middle half€25,544within the sector's middle half▲ 73.9%€47,115within the sector's middle half▲ 84.4%
Total assets€71,912below the sector's middle half▼ 1.0%€63,329below the sector's middle half▼ 11.9%€46,866below the sector's middle half▼ 26.0%€49,106below the sector's middle half▲ 4.8%€60,650below the sector's middle half▲ 23.5%
Debt€98,309▼ 15.5%€65,178▼ 33.7%€32,176▼ 50.6%€23,562▼ 26.8%€13,535▼ 42.6%
Working capital-€33,193below the sector's middle half▲ 38.2%-€2,202below the sector's middle half▲ 93.4%€14,592within the sector's middle half€27,175within the sector's middle half▲ 86.2%€47,488within the sector's middle half▲ 74.8%
Solvency-36.7%below the sector's middle half▲ 23.5pp-2.9%below the sector's middle half▲ 33.8pp31.3%within the sector's middle half▲ 34.3pp52.0%within the sector's middle half▲ 20.7pp77.7%above the sector's middle half▲ 25.7pp
Current ratio0.66below the sector's middle half▲ 0.130.97below the sector's middle half▲ 0.301.46within the sector's middle half▲ 0.492.24within the sector's middle half▲ 0.784.61above the sector's middle half▲ 2.37
Return on assets (ROA)24.1%above the sector's middle half▲ 20.4pp38.8%above the sector's middle half▲ 14.6pp35.3%above the sector's middle half▼ 3.5pp22.1%within the sector's middle half▼ 13.2pp35.6%above the sector's middle half▲ 13.5pp
Staff (FTE)0.4below the sector's middle half▲ 33.3%1▲ 150%1=1=1=
above
within
below
the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 98% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €60,650
Equity
€47,115 ▲ 84.4%
Debt
€13,535 ▼ 42.6%
Debt's share of the balance-sheet total falls from 48.0% to 22.3%. Equity is higher and debt is lower.
Key figures and ratios
Quick ratio
3.94▲
2023 · 0.63
Debt to equity
0.29▼
2023 · 0.92
ROE
45.8%▲
2023 · 42.5%
Debt ≤ 1 year
€13,162▼
2023 · €21,931
Income taxes
€8,585▲
2023 · €2,911
Staff costs
€15,605▲
2023 · €13,886
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,696 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.7%
went bankrupt
3.9%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 34,696 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €100 | - | - | - | - |
| Remuneration, social security and pensions62 | - | €11,971 | €12,265 | €13,886 | €15,605 | ▲ 12.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,988 | €2,088 | €620 | €387 | - | - |
| Other operating charges640/8 | - | €101 | €102 | €82 | €118 | ▲ 43.9% |
| Gross operating margin9900 | €29,225 | €39,460 | €35,575 | €30,399 | €47,535 | ▲ 56.4% |
| Operating profit (loss)9901 | €17,533 | €25,299 | €22,588 | €16,044 | €31,812 | ▲ 98.3% |
| Financial charges65/66B | - | €178 | €314 | €2,279 | €1,656 | ▼ 27.3% |
| Recurring financial charges65 | €170 | €178 | €314 | €2,279 | €1,656 | ▼ 27.3% |
| Profit (loss) for the period before taxes9903 | €17,364 | €25,122 | €22,274 | €13,766 | €30,155 | ▲ 119% |
| Income taxes67/77 | - | €573 | €5,735 | €2,911 | €8,585 | ▲ 195% |
| Profit (loss) for the period9904 | €17,364 | €24,548 | €16,539 | €10,854 | €21,571 | ▲ 98.7% |
| Profit (loss) for the period to be appropriated9905 | €17,364 | €24,548 | €16,539 | €10,854 | €21,571 | ▲ 98.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €71,912 | €63,329 | €46,866 | €49,106 | €60,650 | ▲ 23.5% |
| Fixed assets21/28 | €6,795 | €1,007 | €387 | - | - | - |
| Tangible fixed assets22/27 | €4,995 | €1,007 | €387 | - | - | - |
| Plant, machinery and equipment23 | - | €1,007 | €387 | - | - | - |
| Financial fixed assets28 | €1,800 | - | - | - | - | - |
| Current assets29/58 | €65,116 | €62,322 | €46,479 | €49,106 | €60,650 | ▲ 23.5% |
| Stocks and contracts in progress3 | €54,703 | €54,603 | €35,592 | €35,258 | €8,750 | ▼ 75.2% |
| Stocks30/36 | - | €54,603 | €35,592 | €35,258 | €8,750 | ▼ 75.2% |
| Amounts receivable within one year40/41 | €10,385 | €7,673 | €10,588 | €12,099 | €24,347 | ▲ 101% |
| Trade receivables40 | - | €7,300 | €9,038 | €11,261 | €16,958 | ▲ 50.6% |
| Other amounts receivable41 | - | €373 | €1,550 | €839 | €7,389 | ▲ 781% |
| Current investments50/53 | €20 | €16 | €4 | €1,557 | €22,500 | ▲ 1,346% |
| Cash at bank and in hand54/58 | €9 | €31 | €46 | €192 | €1,220 | ▲ 534% |
| Deferred charges and accrued income490/1 | - | - | €250 | - | €3,833 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €71,912 | €63,329 | €46,866 | €49,106 | €60,650 | ▲ 23.5% |
| Equity10/15 | -€26,397 | -€1,849 | €14,690 | €25,544 | €47,115 | ▲ 84.4% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | - | - |
| Distributable reserves133 | - | - | - | - | €1,860 | - |
| Profit (loss) carried forward14 | -€34,457 | -€9,909 | €6,630 | €17,484 | €39,055 | ▲ 123% |
| Amounts payable17/49 | €98,309 | €65,178 | €32,176 | €23,562 | €13,535 | ▼ 42.6% |
| Amounts payable within one year42/48 | €98,309 | €64,523 | €31,887 | €21,931 | €13,162 | ▼ 40.0% |
| Trade debts44 | €3,537 | €513 | €528 | - | €151 | - |
| Suppliers440/4 | - | €513 | €528 | - | €151 | - |
| Advances received on contracts in progress46 | - | - | €207 | - | - | - |
| Taxes, remuneration and social security45 | - | €1,419 | €3,161 | €7,241 | €13,011 | ▲ 79.7% |
| Taxes450/3 | - | €610 | €2,558 | €6,455 | €12,176 | ▲ 88.6% |
| Remuneration and social security454/9 | - | €809 | €603 | €786 | €835 | ▲ 6.2% |
| Other amounts payable47/48 | - | €62,591 | €27,991 | €14,691 | - | - |
| Accrued charges and deferred income492/3 | - | €655 | €289 | €1,631 | €373 | ▼ 77.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €17,364 | €24,548 | €16,539 | €10,854 | €21,571 | ▲ 98.7% |
| + Depreciation and write-downs630 | €3,988 | €2,088 | €620 | €387 | - | - |
| Operating cash flow (approximation) | €21,352 | €26,637 | €17,159 | €11,241 | €21,571 | ▲ 91.9% |
| Investment in fixed assets (approximation) | - | €3,700 | €0 | - | - | - |
| Change in cash | - | €22 | €15 | €147 | €1,028 | ▲ 599% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
17-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Liquidity doublescurrent ratio 4.61
Current ratio from 2.24 to 4.61; short-term debt falls from €21,931 to €13,162.
10-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
15-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
16-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €24,548 ▲41.4%
Net result €24,548, the highest in the series.
14-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
09-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Back to profitnet €2,727
Net result €2,727 after one loss-making year.
05-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
19-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
6 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, Balen · 1 establishment unit since 2008
Ground area
1,421 m²
Building footprint
242 m²
Volume, LiDAR
673 m³
Parcel 13003A0110/00R022, Flanders · tallest building 4.6 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Zsabo bvba
since 20082.172.939.560
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13003A0110/00R022 | Flanders | 1,421 m² | 1 · 242 m² | 4.6 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Subsidies and aid
Flemish government
2022 · 1 entry · 1,800 EUR awarded · 1,800 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 1,800 EUR | 1,800 EUR |
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Of 3,922 companies in sector 71112 we hold annual accounts for 1,296. 1,077 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded13-08-2008
Fiscal year end31-12
Activities, NACEBEL 2025
71112Activities of interior architects
31004Manufacture of dining room, living room, bedroom and bathroom furniture
47551Retail sale of household furniture
47559Retail sale of other household articles
E-invoicing
Reachable via Peppol
Peppol ID
0208:0899946796
Also
9925:BE0899946796
Registered
11-09-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.