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Zuidnatie

Active
Public limited companyfounded 195471 yrs activeAntwerpsebaan 1, 2040 Antwerpen, BelgiumKBO/BCE: BE 0404.813.266
Summary

Zuidnatie has been active since 1954 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €12.4m and a net result of €2.6m. Equity is growing by ~5.7% per year across the filed fiscal years. Its solvency ranks better than 46% of 846 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Risk analysisWatch ReportCompare
ZuidnatieActiveChecked score 88/100
Risk analysis ReportCompare

Overview

Activity
Warehousing and support activities for transportation
NACE 52241NACE 63111
3 sites
Size
€48.6mturnover 2025
Staff
37.5 FTE
Equity
€12.4m
Profit
€2.6m
Financial health
88 Excellent Checked score 2025
Bankruptcy chance 12 m
0.2%
Structure
Parent
ZUIDNATIE HOLDING · 99.91%
Board
2 members
Holdings
1
Auditor: VerifinAccounts 31 d early2 of 15 deeds read
Why 88- Liquidity: current ratio 1.41, cash €2.0m, halved- Sector Warehousing and support activities for transportation (NACE 52)+ Size: turnover €48.6m, 37.5 FTE, total assets €36.4m+ Founded in 1954Show the evidence

Checked score

Score 2025
88 / 100
Excellent
Probability in this band: under 0.55%
Better than 60% of its sector peers (NACE 52, small)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Average
Solvency 59+6
equity 34.0% of total assets
Liquidity 43-5
short-term debt 33.0% · cash 5.5%
Profitability 75+14
return on assets 7.2%
Bankruptcy probability, 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%

About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.5% (598 companies)
Last 24 months 11-2024: 0.4% 12-2024: 0.4%● 0.0% vs 11-2024 01-2025: 0.4%● 0.0% vs 12-2024 02-2025: 0.4%▼ -3.6% vs 01-2025 03-2025: 0.4%● 0.0% vs 02-2025 04-2025: 0.4%▼ -1.3% vs 03-2025 05-2025: 0.4%▲ +4.6% vs 04-2025 06-2025: 0.4%▲ +0.3% vs 05-2025 07-2025: 0.5%▲ +26.8% vs 06-2025highest value 08-2025: 0.2%▼ -69.2% vs 07-2025 09-2025: 0.2%● 0.0% vs 08-2025 10-2025: 0.2%● 0.0% vs 09-2025 11-2025: 0.2%● 0.0% vs 10-2025 12-2025: 0.2%● 0.0% vs 11-2025 01-2026: 0.2%● 0.0% vs 12-2025 02-2026: 0.1%▼ -4.0% vs 01-2026 03-2026: 0.1%● 0.0% vs 02-2026 04-2026: 0.1%▼ -1.4% vs 03-2026lowest value 05-2026: 0.1%▲ +4.9% vs 04-2026 06-2026: 0.2%▲ +1.3% vs 05-2026 07-2026: 0.2%▲ +61.6% vs 06-2026 08-2026: 0.2%● 0.0% vs 07-2026 09-2026: 0.2%● 0.0% vs 08-2026 10-2026: 0.2%● 0.0% vs 09-2026
  • Size: turnover €48.6m, 37.5 FTE, total assets €36.4m lowers the probability for this profile
  • Liquidity: current ratio 1.41, cash €2.0m, halved raises the probability
  • Sector Warehousing and support activities for transportation (NACE 52) raises the probability
  • Founded in 1954 lowers the probability for this profile
Credit up to €1,050,000 at 30 days acceptable
Liquidity tight (current ratio 1.41 against 1.28 in 2024; short-term debt: 33% and cash: 5.5% of total assets), and 66% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 52, small). Better than this share of them on solvency 50%, liquidity 44%, profitability 67%, growth against the median 77%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 04-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Size: turnover €48.6m, 37.5 FTE, total assets €36.4m
In the bankruptcy model this factor lowers the probability for this profile.
NBB · annual accounts
raises risk · Liquidity: current ratio 1.41, cash €2.0m, halved
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Sector Warehousing and support activities for transportation (NACE 52)
In the bankruptcy model this factor raises the probability.
KBO
lowers risk · Founded in 1954
In the bankruptcy model this factor lowers the probability for this profile.
KBO
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 filings
Deviation from the deadline
2025
31 d early
2024
29 d early
2023
22 d early
2022
20 d early
2021
20 d early
2020
29 d early
2019
46 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 28 days before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 36% 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 10 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
05-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Reappointment: Verifin BV (statutory auditor)Permanent representatives: Simon De Guchtenaere…
  2. Annual accounts filedfiscal year 2025 · full…
  3. Reappointments: Lucart BV (director) and Zuidnatie…Permanent representatives: Feys Stephanie and…

Key points

  • Positive: Result rose in 2025from €740,962 to €2.6m ▲ 256% View
  • Positive: Among the best 10% on net resultsector median €111,762 · 839 companies €2.6m View
  • Positive: Always filed on timeaccounts within the deadline every year 8 years View
  • Controlled by ZUIDNATIE HOLDINGultimately: STEVAL CONSULT 99.91% View
  • Active since 1954founded 28-12-1954 71 years View

By topic

Financials

Fiscal year
2025
Turnover
€48.6m
Profit
€2.6m
Solvency
34.0%
Turnover▲ 12.0%
Net result
20182025
Go to Financials

Network & group

Group
STEVAL CONSULT
Subsidiaries
2
Holdings
1
Connected companies
5

2 subsidiaries

Go to Network & group

Timeline

Events
16
Since
2017
Next accounts
by 31-07-2027
  1. 28-09-2026Reappointment: Verifin BV (statutory auditor)
  2. 30-06-2026Annual accounts filed
  3. 11-03-2026Reappointments: Lucart BV (director) and Zuidnatie Holding…
Go to Timeline

Company details

Sites
3
Legal form
Public limited company
Activity
Warehousing and support activities for transportationNACE 52241
Founded
28-12-1954
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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