ZUIDBURG
ActiveSummary
ZUIDBURG has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.24M and a net result of €117k. Equity remains stable across the filed fiscal years (±0.6% per year). Its solvency ranks better than 55% of 9234 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability45▲+11
Solvency62▲+10
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €85k at 30 days acceptable
Liquidity ample (current ratio 53.8 against 5.66 in 2024; short-term debt: 1.7% and cash: 2.8% of total assets), but 62.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five 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 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
37.4%
Return on assets
3.5%
Age of the figures
9 mo
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 · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €1.24M
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
74 d late
2023
30 d late
2022
31 d late
2021
30 d early
2020
27 d late
2019
34 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€1.24M▲ 10.5%
2024 · €1.12M
2018: €-1.06Mlowest in 8 years
2019: €1.51M▲ +242% vs 2018highest in 8 years
2020: €1.42M▼ -6.0% vs 2019
2021: €1.13M▼ -20.5% vs 2020
2022: €1.14M▲ +1.0% vs 2021
2023: €1.10M▼ -3.5% vs 2022
2024: €1.12M▲ +1.8% vs 2023
2025: €1.24M▲ +10.5% vs 2024
2018 → 2025
Total assets
€3.31M▼ 18.9%
2024 · €4.08M
2018: €15.81Mhighest in 8 years
2019: €5.61M▼ -64.5% vs 2018
2020: €5.22M▼ -6.9% vs 2019
2021: €4.89M▼ -6.4% vs 2020
2022: €4.28M▼ -12.4% vs 2021
2023: €4.97M▲ +16.0% vs 2022
2024: €4.08M▼ -17.8% vs 2023
2025: €3.31M▼ -18.9% vs 2024lowest in 8 years
2018 → 2025
Net result
€117k▲ 497%
2024 · €20k
2018: €-126k
2019: €2.57M▲ +2141% vs 2018highest in 8 years
2020: €-90k▼ -103% vs 2019
2021: €-290k▼ -223% vs 2020lowest in 8 years
2022: €12k▲ +104% vs 2021
2023: €-39k▼ -436% vs 2022
2024: €20k▲ +150% vs 2023
2025: €117k▲ +497% vs 2024
2018 → 2025
Working capital
€2.91M▼ 1.3%
2024 · €2.95M
2018: €1.58Mlowest in 8 years
2019: €4.19M▲ +165% vs 2018highest in 8 years
2020: €3.48M▼ -16.8% vs 2019
2021: €3.23M▼ -7.3% vs 2020
2022: €2.71M▼ -16.0% vs 2021
2023: €2.89M▲ +6.5% vs 2022
2024: €2.95M▲ +2.1% vs 2023
2025: €2.91M▼ -1.3% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.13M-€1.14M▲ 1.0%€1.10M▼ 3.5%€1.12M▲ 1.8%€1.24M▲ 10.5%
2021: €1.13M
2022: €1.14M▲ +1.0% vs 2021
2023: €1.10M▼ -3.5% vs 2022lowest in 5 years
2024: €1.12M▲ +1.8% vs 2023
2025: €1.24M▲ +10.5% vs 2024highest in 5 years
Operating result€-262k-€42k€64k▲ 54.1%€116k▲ 79.8%€214k▲ 85.1%
2021: €-262klowest in 5 years
2022: €42k▲ +116% vs 2021
2023: €64k▲ +54.1% vs 2022
2024: €116k▲ +79.8% vs 2023
2025: €214k▲ +85.1% vs 2024highest in 5 years
Net result€-290k-€12k€-39k€20k€117k▲ 497%
2021: €-290klowest in 5 years
2022: €12k▲ +104% vs 2021
2023: €-39k▼ -436% vs 2022
2024: €20k▲ +150% vs 2023
2025: €117k▲ +497% vs 2024highest in 5 years
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 85% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.31M
Fixed assets
€339k ▼ 31.6%
Current assets
€2.97M ▼ 17.2%
Equity and liabilities €3.31M
Equity
€1.24M ▲ 10.5%
Debt
€2.07M ▼ 30.0%
Debt's share of the balance-sheet total falls from 72.6% to 62.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€258k▲
2024 · €164k
Cash flow
€160k▲
2024 · €68k
Current ratio
53.80▲
2024 · 5.66
Quick ratio
3.48▲
2024 · 0.22
Debt to equity
1.68▼
2024 · 2.65
ROE
9.5%▲
2024 · 1.8%
ROA
3.5%▲
2024 · 0.5%
Interest coverage
2.65▲
2024 · 1.70
Debt ≤ 1 year
€55k▼
2024 · €633k
Debt > 1 year
€1.90M▼
2024 · €2.20M
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 · 2025 against 2024 · 46 lines
Balance sheet
Code20242025
Assets
Total assets20/58€4.08M€3.31M▼
Fixed assets21/28€496k€339k▼
Tangible fixed assets22/27€496k€339k▼
Land and buildings22€403k€270k▼
Plant, machinery and equipment23€79k€58k▼
Furniture and vehicles24€15k€11k▼
Current assets29/58€3.58M€2.97M▼
Stocks and contracts in progress3€3.44M€2.78M▼
Stocks30/36€3.44M€2.78M▼
Amounts receivable within one year40/41€110k€87k▼
Trade receivables40€22k€10k▼
Other amounts receivable41€87k€76k▼
Cash at bank and in hand54/58€22k€93k▲
Deferred charges and accrued income490/1€9k€12k▲
Equity and liabilities
Total equity and liabilities10/49€4.08M€3.31M▼
Equity10/15€1.12M€1.24M▲
Contributions10/11€100k€100k=
Profit (loss) carried forward14€1.02M€1.14M▲
Amounts payable17/49€2.96M€2.07M▼
Amounts payable after more than one year17€2.20M€1.90M▼
Other amounts payable178/9€2.20M€1.90M▼
Amounts payable within one year42/48€633k€55k▼
Current portion of amounts payable after more than one year42€0-
Financial debts43€555k€0▼
Credit institutions430/8€555k€0▼
Trade debts44€75k€11k▼
Suppliers440/4€75k€11k▼
Taxes, remuneration and social security45€3k€44k▲
Taxes450/3€3k€44k▲
Accrued charges and deferred income492/3€126k€113k▼
Income statement
Code20242025
Non-recurring operating income76A€9k€487k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€48k€44k▼
Provisions for liabilities and charges: additions (uses and reversals)635/8€0-
Other operating charges640/8€9k€148k▲
Gross operating margin9900€173k€406k▲
Operating profit (loss)9901€116k€214k▲
Financial income75/76B€1€0▼
Recurring financial income75€1€0▼
Financial charges65/66B€96k€97k▲
Recurring financial charges65€96k€97k▲
Profit (loss) for the period before taxes9903€20k€117k▲
Profit (loss) for the period9904€20k€117k▲
Profit (loss) for the period to be appropriated9905€20k€117k▲
Appropriation of the result
Profit (loss) to be appropriated9906€1.02M€1.14M▲
Profit (loss) brought forward from the previous period14P€999k€1.02M▲
Social balance
Average headcount (FTE)90870.00.0=
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €9k | €487k | ▲ 5,094% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €96k | €90k | €65k | €48k | €44k | ▼ 9.6% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | €-38k | €-10k | €-47k | €0 | - | - |
| Other operating charges640/8 | €6k | €5k | €6k | €9k | €148k | ▲ 1,516% |
| Gross operating margin9900 | €-199k | €128k | €88k | €173k | €406k | ▲ 135% |
| Operating profit (loss)9901 | €-262k | €42k | €64k | €116k | €214k | ▲ 85.1% |
| Financial income75/76B | €0 | €0 | €6 | €1 | €0 | ▼ 100% |
| Recurring financial income75 | €0 | €0 | €6 | €1 | €0 | ▼ 100% |
| Financial charges65/66B | €28k | €30k | €104k | €96k | €97k | ▲ 1.2% |
| Recurring financial charges65 | €28k | €30k | €104k | €96k | €97k | ▲ 1.2% |
| Profit (loss) for the period before taxes9903 | €-290k | €12k | €-39k | €20k | €117k | ▲ 497% |
| Profit (loss) for the period9904 | €-290k | €12k | €-39k | €20k | €117k | ▲ 497% |
| Profit (loss) for the period to be appropriated9905 | €-290k | €12k | €-39k | €20k | €117k | ▲ 497% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €4.89M | €4.28M | €4.97M | €4.08M | €3.31M | ▼ 18.9% |
| Fixed assets21/28 | €680k | €590k | €530k | €496k | €339k | ▼ 31.6% |
| Tangible fixed assets22/27 | €680k | €590k | €530k | €496k | €339k | ▼ 31.6% |
| Land and buildings22 | €463k | €437k | €411k | €403k | €270k | ▼ 32.8% |
| Plant, machinery and equipment23 | €149k | €121k | €100k | €79k | €58k | ▼ 26.6% |
| Furniture and vehicles24 | €26k | €22k | €19k | €15k | €11k | ▼ 25.0% |
| Leasing and similar rights25 | €42k | €9k | €0 | - | - | - |
| Current assets29/58 | €4.21M | €3.69M | €4.44M | €3.58M | €2.97M | ▼ 17.2% |
| Stocks and contracts in progress3 | €4.12M | €3.63M | €3.44M | €3.44M | €2.78M | ▼ 19.4% |
| Stocks30/36 | €4.12M | €3.63M | €3.44M | €3.44M | €2.78M | ▼ 19.4% |
| Amounts receivable within one year40/41 | €29k | €35k | €377k | €110k | €87k | ▼ 20.8% |
| Trade receivables40 | €8k | €28k | €308k | €22k | €10k | ▼ 53.1% |
| Other amounts receivable41 | €21k | €7k | €69k | €87k | €76k | ▼ 12.5% |
| Cash at bank and in hand54/58 | €56k | €23k | €591k | €22k | €93k | ▲ 323% |
| Deferred charges and accrued income490/1 | €5k | €6k | €26k | €9k | €12k | ▲ 30.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €4.89M | €4.28M | €4.97M | €4.08M | €3.31M | ▼ 18.9% |
| Equity10/15 | €1.13M | €1.14M | €1.10M | €1.12M | €1.24M | ▲ 10.5% |
| Contributions10/11 | €100k | €100k | €100k | €100k | €100k | = |
| Capital10 | €100k | - | - | - | - | - |
| Issued capital100 | €100k | - | - | - | - | - |
| Profit (loss) carried forward14 | €1.03M | €1.04M | €999k | €1.02M | €1.14M | ▲ 11.5% |
| Provisions and deferred taxes16 | €57k | €47k | €0 | - | - | - |
| Provisions for liabilities and charges160/5 | €57k | €47k | €0 | - | - | - |
| Other liabilities and charges164/5 | €57k | €47k | €0 | - | - | - |
| Amounts payable17/49 | €3.71M | €3.10M | €3.87M | €2.96M | €2.07M | ▼ 30.0% |
| Amounts payable after more than one year17 | €2.71M | €2.10M | €2.18M | €2.20M | €1.90M | ▼ 13.6% |
| Financial debts170/4 | €24k | €3k | €0 | - | - | - |
| Other amounts payable178/9 | €2.68M | €2.10M | €2.18M | €2.20M | €1.90M | ▼ 13.6% |
| Amounts payable within one year42/48 | €981k | €979k | €1.55M | €633k | €55k | ▼ 91.3% |
| Current portion of amounts payable after more than one year42 | €33k | €21k | €3k | €0 | - | - |
| Financial debts43 | €750k | €750k | €1.31M | €555k | €0 | ▼ 100% |
| Credit institutions430/8 | €750k | €750k | €1.31M | €555k | €0 | ▼ 100% |
| Trade debts44 | €196k | €207k | €221k | €75k | €11k | ▼ 85.7% |
| Suppliers440/4 | €196k | €207k | €221k | €75k | €11k | ▼ 85.7% |
| Advances received on contracts in progress46 | €0 | - | - | - | - | - |
| Taxes, remuneration and social security45 | €2k | €1k | €18k | €3k | €44k | ▲ 1,333% |
| Taxes450/3 | €2k | €1k | €18k | €3k | €44k | ▲ 1,333% |
| Accrued charges and deferred income492/3 | €19k | €16k | €136k | €126k | €113k | ▼ 10.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-290k | €12k | €-39k | €20k | €117k | ▲ 497% |
| + Depreciation and write-downs630 | €96k | €90k | €65k | €48k | €44k | ▼ 9.6% |
| Operating cash flow (approximation) | €-194k | €102k | €25k | €68k | €160k | ▲ 137% |
| Investment in fixed assets (approximation) | - | €0 | €-5k | €-14k | €113k | ▲ 909% |
| Change in cash | - | €-33k | €568k | €-569k | €71k | ▲ 113% |
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
22-09
State Gazette act
Resignation: CAPIJU (director)1 fact ▸
State Gazette act
Resignation: CAPIJU (director)
1 fact ▸
- Director resignation, CAPIJU (director)
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
31-12
Financial
Liquidity times 10current ratio 53.80
Current ratio from 5.66 to 53.80; short-term debt falls from €633k to €55k.
13-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 74 days late
2024
31-12
Financial
Back to profitnet €20k
Net result €20k after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 30 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
31-12
Financial
Back to profitnet €12k
Net result €12k after 2 loss-making years.
01-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Weakest financial yearnet €-290k
Net result drops to €-290k, the lowest in the series; recovery starts the following year.
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 27 days late
2020
03-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 34 days late
Show earlier events
2019
31-12
Financial
Back to profitnet €2.57M
Net result €2.57M after one loss-making year.
31-12
Financial
Liquidity times 5current ratio 5.48
Current ratio from 1.11 to 5.48; short-term debt falls from €14.11M to €934k.
31-12
Financial
Equity above €1MEq €1.51M
Equity rises from €-1.06M to €1.51M.
03-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
18-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
22-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 8 acts read
About the unread acts
Of the 8 Belgian State Gazette acts we know for this company, 1 has been read. The other 7 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
no sitting director, last change in 2025
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
30-06-2025
Resigned as Director
Not every act has been read: a resignation may be missing here
7 of this company's 8 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Nieuwpoort · 1 establishment unit since 2006
Ground area
485 m²
Building footprint
556 m²
Volume, LiDAR
9,279 m³
Parcel 38402D0317/00B000, Flanders · tallest building 29.8 m, ±6 floors. Linked by address, not a title deed.
21
companies at this address
See who is registered here
1 establishment unit
ZUIDBURG
since 20062.152.033.189
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 38402D0317/00B000 | Flanders | 485 m² | 1 · 555 m² | 29.8 m · 6 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.
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Of 9,693 companies in sector 68121 we hold annual accounts for 7,385. 3,645 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
Founded21-02-2006
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
Scores and ratios are computed by Checked and are not a credit decision.