ZUIDERVAART
ActiveZUIDERVAART has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (€-3k) and a net result of €-723. Equity is shrinking by ~114.7% per year across the filed fiscal years. Its solvency ranks better than 16% of 2465 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability42▲+9
Solvency42=
Growth31▼-24
Stability100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.9 against 0.9 in 2023), and equity is negative.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 90
Relative position
BE, all sectors
reference
Sector 90
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
-5.7%
Return on assets
-1.6%
Age of the figures
23 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
raises risk · Negative equity
Equity is negative for financial year 2024: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).
NBB · annual accounts 2024Equity per financial year
21222324
2021 to 2024 · latest year -€3k
raises risk · Annual accounts not filed
The financial year that closed on 30-09-2025 was due at the National Bank by 30-04-2026. Nothing is on record today, 129 days later. Measured on financial year 2023: 41.75% of the companies that did not file are in an abnormal legal state today, against 1.66% of those that did.
NBB · 10 filingsPosition against the passed deadline
30-09-2025 close30-04-2026 deadline06-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2024 was due by 30-04-2025 and was filed on 30-04-2025, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
on the day
2023
26 d late
2022
26 d late
2021
59 d late
2020
40 d late
2019
53 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Turnover
€112k▼ 61.4%
2023 · €291k
2021: €117k
2022: €90k
2023: €291k
2021 → 2024
EBIT margin
-0.3%▲ 2.8pp
2023 · -3.1%
2021: 1.6%
2022: -10.2%
2023: -3.1%
2021 → 2024
Net result
€-723▲ 95.1%
2023 · €-15k
2021: €1k
2022: €-9k
2023: €-15k
2021 → 2024
Working capital
€-4k▲ 1.5%
2023 · €-5k
2021: €13k
2022: €5k
2023: €-5k
2021 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2021202220232024Trend
Turnover€117k-€90k▼ 23.4%€291k▲ 224%€112k▼ 61.4%
Equity€22k-€13k▼ 42.2%€-2k€-3k▼ 40.6%
Operating result€2k-€-9k€-9k▲ 0.9%€-336▲ 96.3%
Net result€1k-€-9k€-15k▼ 56.1%€-723▲ 95.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €336 in 2024 against €9k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €44k
Fixed assets
€2k▼ 28.5%
Current assets
€42k▲ 1.7%
Key figures and ratios
EBITDA
€854▲
2023 · €-4k
Cash flow
€467▲
2023 · €-9k
Solvency
-5.7%▼
2023 · -4.0%
Current ratio
0.90▲
2023 · 0.90
Quick ratio
0.90▲
2023 · 0.90
Debt / equity
-18.70▲
2023 · -25.93
ROE
28.9%▼
2023 · 825.9%
ROA
-1.6%▲
2023 · -33.1%
Interest coverage
2.20▲
2023 · -10.24
Debt
€47k▲
2023 · €46k
Debt ≤ 1 year
€47k▲
2023 · €46k
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 · 2024 against 2023
Balance sheet
Code20232024
Total assets
20/58€44k€44k▼
Fixed assets
21/28€3k€2k▼
Tangible fixed assets
22/27€3k€2k▼
Current assets
29/58€42k€42k▲
Amounts receivable within one year
40/41€40k€22k▼
Cash & bank
54/58€2k€19k▲
Total equity & liabilities
10/49€44k€44k▼
Equity
10/15€-2k€-3k▼
Contributions / capital
10/11€12k€12k=
Reserves
13€311€311=
Accumulated profits (losses)
14€-14k€-15k▼
Amounts payable
17/49€46k€47k▲
Amounts payable within one year
42/48€46k€47k▲
Trade debts payable within one year
44€31k€28k▼
Income statement
Code20232024
Turnover
70€291k€112k▼
Gross operating margin
9900€7k€2k▼
Operating result
9901€-9k€-336▲
Financial income
75€16€1▼
Financial charges
65€342€388▲
Result before taxes
9903€-9k€-723▲
Income taxes
67/77€5k-
Net result for the period
9904€-15k€-723▲
Result to be appropriated
9905€-15k€-723▲
Timeline · acts, filings and financial milestones
2025
30-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
26-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 26 days late
2023
30-09
Financial
Weakest financial yearnet €-15k
Net result drops to €-15k, the lowest in the series; recovery starts the following year.
26-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 26 days late
2022
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 59 days late
2021
09-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 40 days late
2020
22-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 53 days late
2019
29-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
19-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
18-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 18 days late
2016
21-04
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
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Of 1,255 companies in sector 90399 we hold annual accounts for 195. 111 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded12-01-2009
Fiscal year end30-09
Activities, NACEBEL
90029Arts creation and performing arts activities
90399Other support activities for arts and performing arts
71112Activities of interior architects
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Data from official sources, last processed on 15-08-2026. Scores and ratios are computed by Checked and are not a credit decision.