ZUKE TECH
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 02-01-2026 PDF all 9 filings
Turnover
€159,500▼ 15.0%
2020 · €187,673
EBIT margin
44.2%▼ 6.2pp
2020 · 50.4%
Net result
€104,246▼ 5.6%
2024 · €110,406
Working capital
€196,341▼ 24.3%
2024 · €259,324
Multi-year overview
2019 to 2025, 7 financial yearsTurnover
no figure
2025
20192025
Operating result
€131,769
▼ 6.7%
2025
20192025
Net result
€104,246
▼ 5.6%
2025
highest quarter of the sector
20192025
EBIT margin
no figure
2025
20192025
Equity
€232,227
▼ 23.3%
2025
highest quarter of the sector
20192025
Total assets
€303,291
▼ 3.3%
2025
highest quarter of the sector
20192025
Debt
€71,063
▲ 553%
2025
20192025
Working capital
€196,341
▼ 24.3%
2025
highest quarter of the sector
20192025
Solvency
76.6%
▼ 20.0pp
2025
middle half of the sector
20192025
Current ratio
3.82
▼ 27.48
2025
middle half of the sector
20192025
Return on assets (ROA)
34.4%
▼ 0.8pp
2025
middle half of the sector
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Turnover€250,322-€187,673▼ 25.0%€159,500
Operating result€119,018-€94,638▼ 20.5%€123,748▲ 30.8%€70,576▼ 43.0%€130,632▲ 85.1%€141,288▲ 8.2%€131,769▼ 6.7%
Net result€90,511-€73,049above the sector's middle half▼ 19.3%€97,104above the sector's middle half▲ 32.9%€55,811above the sector's middle half▼ 42.5%€102,339above the sector's middle half▲ 83.4%€110,406above the sector's middle half▲ 7.9%€104,246above the sector's middle half▼ 5.6%
EBIT margin47.5%-50.4%▲ 2.9pp44.2%
Equity€272,274-€344,511above the sector's middle half▲ 26.5%€235,732above the sector's middle half▼ 31.6%€91,543within the sector's middle half▼ 61.2%€193,082above the sector's middle half▲ 111%€302,688above the sector's middle half▲ 56.8%€232,227above the sector's middle half▼ 23.3%
Total assets€308,134-€367,683above the sector's middle half▲ 19.3%€249,304within the sector's middle half▼ 32.2%€297,766above the sector's middle half▲ 19.4%€201,282within the sector's middle half▼ 32.4%€313,570above the sector's middle half▲ 55.8%€303,291above the sector's middle half▼ 3.3%
Debt€35,860-€23,172▼ 35.4%€13,572▼ 41.4%€206,223▲ 15×€8,200▼ 96.0%€10,882▲ 32.7%€71,063▲ 553%
Working capital€261,571-€343,089above the sector's middle half▲ 31.2%€237,232above the sector's middle half▼ 30.9%€93,043within the sector's middle half▼ 60.8%€194,582above the sector's middle half▲ 109%€259,324above the sector's middle half▲ 33.3%€196,341above the sector's middle half▼ 24.3%
Solvency88.4%-93.7%above the sector's middle half▲ 5.3pp94.6%above the sector's middle half▲ 0.9pp30.7%below the sector's middle half▼ 63.8pp95.9%above the sector's middle half▲ 65.2pp96.5%above the sector's middle half▲ 0.6pp76.6%within the sector's middle half▼ 20.0pp
Current ratio8.63-16.83above the sector's middle half▲ 8.2020.65above the sector's middle half▲ 3.821.45within the sector's middle half▼ 19.2030.04above the sector's middle half▲ 28.5931.30above the sector's middle half▲ 1.263.82within the sector's middle half▼ 27.48
Return on assets (ROA)29.4%-19.9%within the sector's middle half▼ 9.5pp38.9%above the sector's middle half▲ 19.1pp18.7%within the sector's middle half▼ 20.2pp50.8%above the sector's middle half▲ 32.1pp35.2%within the sector's middle half▼ 15.6pp34.4%within the sector's middle half▼ 0.8pp
above
within
below
The sector band is the middle half of the companies in Computer programming, consultancy and related activities (NACE 62). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 7% lower than in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €303,291
Fixed assets
€37,386 ▼ 18.2%
Current assets
€265,905 ▼ 0.7%
Equity and liabilities €303,291
Equity
€232,227 ▼ 23.3%
Debt
€71,063 ▲ 553%
Debt's share of the balance-sheet total rises from 3.5% to 23.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€142,292▼
2024 · €146,119
Cash flow
€114,768▼
2024 · €115,237
Debt to equity
0.31▲
2024 · 0.04
ROE
44.9%▲
2024 · 36.5%
Interest coverage
over 100
2024 · over 100
Debt ≤ 1 year
€69,563▲
2024 · €8,557
Income taxes
€28,195▼
2024 · €30,729
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 30-06-2022 | 30-06-2023 | 30-06-2024 | 30-06-2025 |
|---|---|---|---|---|
| Tangible fixed assets | - | - | €50,520 | €2,220 |
| Depreciation and write-downs of the year | - | - | €4,831 | €10,522 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Turnover70 | €250,322 | €187,673 | - | €159,500 | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €91,280 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,934 | €9,375 | - | - | - | €4,831 | €10,522 | ▲ 118% |
| Other operating charges640/8 | - | - | - | - | €245 | €623 | €325 | ▼ 47.9% |
| Gross operating margin9900 | €130,952 | €104,318 | €123,748 | €70,576 | €130,876 | €146,742 | €142,616 | ▼ 2.8% |
| Operating profit (loss)9901 | €119,018 | €94,638 | €123,748 | €70,576 | €130,632 | €141,288 | €131,769 | ▼ 6.7% |
| Financial income75/76B | - | - | - | - | - | - | €825 | - |
| Recurring financial income75 | - | - | - | - | - | - | €825 | - |
| Financial charges65/66B | - | - | - | €250 | €244 | €153 | €153 | = |
| Recurring financial charges65 | €114 | €199 | €95 | €250 | €244 | €153 | €153 | = |
| Profit (loss) for the period before taxes9903 | €118,904 | €94,439 | €123,652 | €70,326 | €130,388 | €141,135 | €132,441 | ▼ 6.2% |
| Income taxes67/77 | €28,393 | €21,390 | €26,549 | €14,515 | €28,049 | €30,729 | €28,195 | ▼ 8.2% |
| Profit (loss) for the period9904 | €90,511 | €73,049 | €97,104 | €55,811 | €102,339 | €110,406 | €104,246 | ▼ 5.6% |
| Profit (loss) for the period to be appropriated9905 | €90,511 | €73,049 | €97,104 | €55,811 | €102,339 | €110,406 | €104,246 | ▼ 5.6% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €308,134 | €367,683 | €249,304 | €297,766 | €201,282 | €313,570 | €303,291 | ▼ 3.3% |
| Fixed assets21/28 | €12,297 | €2,922 | - | - | - | €45,688 | €37,386 | ▼ 18.2% |
| Tangible fixed assets22/27 | €12,297 | €2,922 | - | - | - | €45,688 | €37,386 | ▼ 18.2% |
| Furniture and vehicles24 | - | - | - | - | - | €45,688 | €37,386 | ▼ 18.2% |
| Current assets29/58 | €295,836 | €364,761 | €249,304 | €297,766 | €201,282 | €267,881 | €265,905 | ▼ 0.7% |
| Amounts receivable within one year40/41 | €11,160 | €186 | €512 | €10,275 | €12,289 | €11,506 | €12,234 | ▲ 6.3% |
| Other amounts receivable41 | - | - | - | €10,275 | €12,289 | €11,506 | €12,234 | ▲ 6.3% |
| Cash at bank and in hand54/58 | €283,034 | €364,574 | €248,792 | €287,490 | €188,993 | €256,375 | €253,671 | ▼ 1.1% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €308,134 | €367,683 | €249,304 | €297,766 | €201,282 | €313,570 | €303,291 | ▼ 3.3% |
| Equity10/15 | €272,274 | €344,511 | €235,732 | €91,543 | €193,082 | €302,688 | €232,227 | ▼ 23.3% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Contributions outside capital11 | - | - | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Share premium1100/10 | - | - | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €251,814 | €324,051 | €215,272 | €71,083 | €172,622 | €282,228 | €211,767 | ▼ 25.0% |
| Amounts payable17/49 | €35,860 | €23,172 | €13,572 | €206,223 | €8,200 | €10,882 | €71,063 | ▲ 553% |
| Amounts payable within one year42/48 | €34,265 | €21,672 | €12,072 | €204,723 | €6,700 | €8,557 | €69,563 | ▲ 713% |
| Trade debts44 | - | €58 | €510 | €4 | €0 | - | - | - |
| Suppliers440/4 | - | - | - | €4 | €0 | - | - | - |
| Taxes, remuneration and social security45 | - | - | - | €40,062 | €3,365 | €3,669 | €26,541 | ▲ 623% |
| Taxes450/3 | - | - | - | €40,062 | €3,365 | €3,669 | €26,541 | ▲ 623% |
| Other amounts payable47/48 | - | - | - | €164,657 | €3,335 | €4,888 | €43,022 | ▲ 780% |
| Accrued charges and deferred income492/3 | - | - | - | €1,500 | €1,500 | €2,325 | €1,500 | ▼ 35.5% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €90,511 | €73,049 | €97,104 | €55,811 | €102,339 | €110,406 | €104,246 | ▼ 5.6% |
| + Depreciation and write-downs630 | €11,934 | €9,375 | - | - | - | €4,831 | €10,522 | ▲ 118% |
| Operating cash flow (approximation) | €102,445 | €82,424 | €97,104 | €55,811 | €102,339 | €115,237 | €114,768 | ▼ 0.4% |
| Investment in fixed assets (approximation) | - | €0 | - | - | - | - | -€2,220 | - |
| Change in cash | - | €81,540 | -€115,782 | €38,698 | -€98,498 | €67,382 | -€2,704 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 34,693 companies had the same profile as ZUKE TECH has now. Two years later, 95.3% were still going and 0.7% had gone bankrupt.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
95.3%
was still going
3.9%
stopped otherwise
0.7%
went bankrupt
That fits the bankruptcy probability of ZUKE TECH itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 34,693 companies, not a prediction for ZUKE TECH. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Filings with the National Bank (9)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | micro format | 02-01-2026 | 2026-00000152 | |
| 30-06-2024 | micro format | 07-02-2025 | 2025-00030669 | |
| 30-06-2023 | micro format | 11-12-2023 | 2023-00530307 | |
| 30-06-2022 | micro format | 18-11-2022 | 2022-20525673 | |
| 30-06-2021 | micro format | 13-12-2021 | 2021-80300428 | |
| 30-06-2020 | micro format | 01-02-2021 | 2021-04200154 | |
| 30-06-2019 | micro format | 29-01-2020 | 2020-02900163 | |
| 30-06-2018 | micro format | 11-02-2019 | 2019-04900105 | |
| 30-06-2017 | abbreviated format | 30-01-2018 | 2018-03400157 |