ZULD CONSTRUCT
ActiveSummary
ZULD CONSTRUCT has been active since 2016 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €78,663 and a net result of €10,568. Equity is growing by about 38% per year across the filed financial years. Its solvency ranks better than 55% of 34,718 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Overview
- Equity
- €78,663
- Profit
- €10,568
Why 84raises riskSize: total assets €154,198Sector: Specialised construction activities (NACE 43)lowers riskLiquidity: current ratio 1.87, cash €18,919Founded in 2016Show the evidence
Checked score
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 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% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro): better than 55% on solvency, 30% on liquidity, 54% on profitability and 63% on growth.
The bankruptcy probability was computed on 25-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 5 days before the deadline; the sector median (NACE 43) for financial year 2024 is 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Annual accounts filedfinancial year 2024 · micro…
- Highest result from 2019 to 2025net €26,499 ▲478%
Financials · financial year 2025, micro format
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result falls in 2025; 2025 is 59% below 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 43, Specialised construction activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 34,695 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95.3% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
For this company itself Checked computes a bankruptcy probability of 0.4% 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 497,475 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% | 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 34,695 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.
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,991 | €4,480 | €3,595 | €7,198 | €10,004 | €15,422 | €15,264 | ▼ 1.0% |
| Other operating charges640/8 | - | - | €946 | €1,232 | €2,352 | €1,331 | €791 | ▼ 40.5% |
| Gross operating margin9900 | €10,833 | €7,710 | €21,532 | €6,039 | €19,615 | €54,667 | €31,546 | ▼ 42.3% |
| Operating profit (loss)9901 | €2,766 | €1,425 | €16,991 | -€2,391 | €7,258 | €37,914 | €15,491 | ▼ 59.1% |
| Financial income75/76B | - | - | €0 | €0 | €5 | €1,178 | €45 | ▼ 96.2% |
| Recurring financial income75 | €7 | €22 | €0 | €0 | €5 | €1,178 | €45 | ▼ 96.2% |
| Financial charges65/66B | - | - | €598 | €498 | €556 | €1,253 | €763 | ▼ 39.1% |
| Recurring financial charges65 | €199 | €227 | €598 | €498 | €511 | €1,253 | €763 | ▼ 39.1% |
| Non-recurring financial charges66B | - | - | - | - | €45 | - | - | - |
| Profit (loss) for the period before taxes9903 | €2,574 | €1,219 | €16,393 | -€2,889 | €6,707 | €37,839 | €14,773 | ▼ 61.0% |
| Income taxes67/77 | €950 | €144 | €2,790 | €181 | €2,125 | €11,340 | €4,205 | ▼ 62.9% |
| Profit (loss) for the period9904 | €1,623 | €1,075 | €13,602 | -€3,070 | €4,581 | €26,499 | €10,568 | ▼ 60.1% |
| Profit (loss) for the period to be appropriated9905 | €1,623 | €1,075 | €13,602 | -€3,070 | €4,581 | €26,499 | €10,568 | ▼ 60.1% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €88,973 | €102,823 | €111,220 | €217,919 | €311,849 | €177,133 | €154,198 | ▼ 12.9% |
| Formation expenses20 | - | - | - | - | - | €0 | €0 | - |
| Fixed assets21/28 | €11,422 | €9,633 | €29,189 | €24,423 | €35,992 | €26,835 | €13,321 | ▼ 50.4% |
| Tangible fixed assets22/27 | €11,172 | €9,383 | €28,939 | €24,173 | €35,742 | €26,585 | €13,071 | ▼ 50.8% |
| Plant, machinery and equipment23 | - | - | €1,269 | €1,707 | €2,618 | €5,857 | €3,179 | ▼ 45.7% |
| Furniture and vehicles24 | - | - | €27,670 | €22,466 | €33,124 | €20,729 | €9,892 | ▼ 52.3% |
| Financial fixed assets28 | €250 | €250 | €250 | €250 | €250 | €250 | €250 | = |
| Current assets29/58 | €77,551 | €93,189 | €82,031 | €193,496 | €275,857 | €150,298 | €140,877 | ▼ 6.3% |
| Amounts receivable within one year40/41 | €72,826 | €90,783 | €80,493 | €188,322 | €271,644 | €131,799 | €119,536 | ▼ 9.3% |
| Trade receivables40 | - | - | €73,648 | €180,757 | €270,051 | €130,559 | €110,482 | ▼ 15.4% |
| Other amounts receivable41 | - | - | €6,845 | €7,565 | €1,592 | €1,240 | €9,054 | ▲ 630% |
| Cash at bank and in hand54/58 | €4,005 | €1,859 | €1,216 | €4,037 | €2,804 | €17,543 | €18,919 | ▲ 7.8% |
| Deferred charges and accrued income490/1 | - | - | €321 | €1,137 | €1,409 | €956 | €2,423 | ▲ 154% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €88,973 | €102,823 | €111,220 | €217,919 | €311,849 | €177,133 | €154,198 | ▼ 12.9% |
| Equity10/15 | €13,008 | €14,083 | €27,685 | €24,616 | €41,597 | €68,096 | €78,663 | ▲ 15.5% |
| Contributions10/11 | €6,200 | - | €6,200 | €6,200 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €340 | €340 | €340 | €340 | €340 | €340 | €340 | = |
| Non-distributable reserves130/1 | - | - | €340 | €340 | €340 | - | - | - |
| Reserves not available under the articles1311 | - | - | €340 | €340 | €340 | - | - | - |
| Distributable reserves133 | - | - | - | - | - | €340 | €340 | = |
| Profit (loss) carried forward14 | €6,467 | €7,543 | €21,145 | €18,075 | €22,656 | €49,155 | €59,723 | ▲ 21.5% |
| Amounts payable17/49 | €75,965 | €88,740 | €83,535 | €193,303 | €270,252 | €109,038 | €75,534 | ▼ 30.7% |
| Amounts payable after more than one year17 | - | - | €18,798 | €11,962 | €5,127 | - | - | - |
| Financial debts170/4 | - | - | €18,798 | €11,962 | €5,127 | - | - | - |
| Amounts payable within one year42/48 | €75,965 | €88,740 | €64,737 | €181,341 | €265,126 | €109,038 | €75,534 | ▼ 30.7% |
| Current portion of amounts payable after more than one year42 | - | - | €6,836 | €6,836 | €6,836 | €5,127 | - | - |
| Trade debts44 | €66,378 | €68,612 | €47,704 | €151,440 | €244,083 | €87,002 | €71,287 | ▼ 18.1% |
| Suppliers440/4 | - | - | €47,704 | €151,440 | €244,083 | €87,002 | €71,287 | ▼ 18.1% |
| Taxes, remuneration and social security45 | - | - | €6,966 | €15,026 | €14,206 | €16,145 | €4,248 | ▼ 73.7% |
| Taxes450/3 | - | - | €2,790 | €306 | €2,806 | €11,383 | €4,248 | ▼ 62.7% |
| Remuneration and social security454/9 | - | - | €4,176 | €14,720 | €11,401 | €4,762 | - | - |
| Other amounts payable47/48 | - | - | €3,231 | €8,040 | - | €764 | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,623 | €1,075 | €13,602 | -€3,070 | €4,581 | €26,499 | €10,568 | ▼ 60.1% |
| + Depreciation and write-downs630 | €6,991 | €4,480 | €3,595 | €7,198 | €10,004 | €15,422 | €15,264 | ▼ 1.0% |
| Operating cash flow (approximation) | €8,614 | €5,556 | €17,198 | €4,128 | €14,585 | €41,921 | €25,832 | ▼ 38.4% |
| Investment in fixed assets (approximation) | - | -€2,692 | -€23,151 | -€2,432 | -€21,573 | -€6,266 | -€1,749 | ▲ 72.1% |
| Change in cash | - | -€2,146 | -€643 | €2,821 | -€1,233 | €14,739 | €1,376 | ▼ 90.7% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (9)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-09-2025 | micro format | 31-03-2026 | 2026-00068169 |
| 30-09-2024 | micro format | 30-04-2025 | 2025-00083234 |
| 30-09-2023 | micro format | 30-04-2024 | 2024-00075735 |
| 30-09-2022 | micro format | 28-04-2023 | 2023-00069913 |
| 30-09-2021 | micro format | 29-04-2022 | 2022-20018764 |
| 30-09-2020 | micro format | 30-04-2021 | 2021-13400315 |
| 30-09-2019 | micro format | 30-04-2020 | 2020-11200453 |
| 30-09-2018 | micro format | 30-04-2019 | 2019-12300576 |
| 30-09-2017 | micro format | 30-04-2018 | 2018-11100258 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Owners and capital
Capital and shareholders
- 31-01-2024 Converted to unavailable equity
Group and network
Connections & network
No directors read yet: 1 of 6 Gazette acts processed.
History
Acts, filings and financial milestones
31-01
Gazette deed
Amendment of the articles · Legal-form change · Resignations & appointmentsCapital conversion · Reserve release · Board composition7 facts ▸
- General meeting, 10-11-2023
- Amendment of the articles (2 times)
- Capital conversion, “compte de capitaux propres statutairement indisponible” (deed in French)
- Reserve release, “conformément aux formes et majorités de la modification des statuts, supprimer le compte de capitaux propres statutairement indisponible créé en application de…” (deed in French)
- Board composition, ZULD,Ioan (director)
- Board composition, ZULD,Mioara (director)
- Capital (2 times)
About the unread acts
Of the 6 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 5 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 26 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 0648.983.943
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21306D0325/00F000 | Brussels | 2,312 m² | 1 · 1,725 m² | 40.0 m · 1 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “L’exploitation d’entreprise générale en bâtiment tant la rénovation que la construction et la transformation de bâtiments;l’exécution de…” (deed in French)
23 activities (deed in French)
- L’exploitation d’entreprise générale en bâtiment tant la rénovation que la construction et la transformation de bâtiments;l’exécution de tous travaux d’installation et de réparation de plomberie,d’électricité,de chauffage central,d’installation sanitaire,le placement de cuisine,le placement de débouchage d’égouts,de travaux hydrauliques,de travaux de terrassements,de drainage,pose de câbles et de canalisations diverses,les travaux d’égouts de rejointoiement,d’isolation thermique et acoustique,de revêtements de murs et de sols,de plafonnage,de charpentage,menuiserie et menuiserie métallique,déshabillage,démolition de bâtiments,isolation acoustique thermique et frigorifique;le nettoyage et l’entretien d’immeubles,le nettoyage de vitres et de bureaux,de petits travaux de bureau,de façades,services intérimaires,sous-traitance;l’installation de cheminées ornementales ou autres ornementations en marbre ou en pierre;le placement de serrures et de quincaillerie du bâtiment,le placement de portes de plainte en matière plastique,la pose de parquets et de tous revêtements en bois;les travaux de ramonage de cheminées;placement d’appareils électriques de signalisation et d’alarme;installation de systèmes de chauffage,de climatisation et de ventilation;constructions de citernes,de réservoirs;installations de cuisines équipées;fabrication,installation,et aménagement de stands et de foires d’expositions;installations,montage et démontage d’échafaudage et de plates-formes;entretien et nettoyage des outils de travail en tout genre;
- La création,l’organisation et la gestion de tout genre de loisirs,évènements,soirées,divertissements,réunions,colloques et toutes autres activités à caractère événementiel et/ou promotionnel,ainsi que toutes manifestations et réceptions de caractère privé,commercial et professionnel pour son compte ou pour compte de tiers,et notamment en qualité ou de conseillers en matière d’organisations d’évènements et de rencontres,l’élaboration,la production,la promotion d’évènements par tous modes et moyens de communication,la mise à disposition d’hôtesses d’accueil lors des foires,colloques,expositions,courses sportives,soirées de gala,….;
- Le transport routier national et international de marchandises et la livraison de courrier express.
- L’installation,la construction,l’entretien et la réparation d’ascenseurs de personnes et de monte-charges;
- La construction de routes et d’autoroutes,de platebandes,d’autre voies pour véhicules et piétons,
- La création et le placement de publicité notamment affiches,annonces publicitaires,journaux,enseignes lumineuses,infographie,impression digitale,et toute autre opération ayant un lien direct ou indirect avec la publicité;distribution d’échantillons,de prospectus publicitaires et d’autres matériel de publicité y compris les journaux publicitaires régionaux et autre;la conception et la commercialisation de tout produit lié à l’informatique tel que des sites et autres moyens de communications;
- L’exploitation de centres de fitness et/ou de bien être,piscine,centre SPA,hammam,sauna,jacuzzi…et séminaires d’entreprises ainsi que toute activité Horeca en liaison avec celle-ci.La vente de matériel et de produits de beauté,diététique,sanitaire et tous produits qui ont trait au bien-être;
- L’importation,l’exportation,l’achat et la vente de voiture,moto,à l’état neuf ou d’occasion,ainsi que toutes pièces et accessoires relatifs au secteur automobile au sens le plus large.La réparation et l’entretien de toutes sortes de véhicules à moteur et mécanisées,le montage et le démontage de pneus L’exploitation de car-wash à base d’eau et de vapeur,la vente de boissons et de collations diverses;
- L’exploitation d’une librairie-papeterie,ainsi que la vente,l’achat,la location,le dépôt de tous livres,revues,journaux quotidiens,hebdomadaires et autres,cigarettes,cigares et tabac,tous les articles pour fumeur et les accessoires,confiserie,biscuiterie,petite alimentation en ce compris les boissons alcoolisées ou non,fournitures de bureaux,fournitures informatiques,matériels scolaires,articles cadeaux,jouets divers,électroniques ou non,articles photographiques,développement de film et photographie,articles audio-visuel(disques,cassettes,CD,DVD,…),les services de photocopie,service téléphonique et d’envoi par télécopie(téléfax),la loterie,le PMU et les jeux divers,petites annonces,articles de télécommunications(appareil de téléphonie mobile et carte abonnement);
- L’installation,l’exploitation et la gestion en matière d’hôtellerie,fritures,snack-bar,sandwicherie,pizzeria,salons de consommation,bar,débits de boissons,café,taverne,club privé,service traiteur,restauration et accueil,au sens le plus large ainsi que les librairies,commerce de bande dessinée et figurines,commerce d’alimentation générale,de copy-center;
- L’exploitation de cabines téléphoniques;
- L’organisation de pronostics sur les résultats d’épreuves sportive,l’exploitation de jeux,automatique ou non,avec ou sans gain d’argent et éventuellement via Internet et le transfert financier des paris.La gérance et l’exploitation d’une agence de jeux et paris.L’organisation de jeux de Bingo,d’amusement et de hasard.L’achat,la vente,le leasing,la location,l’exploitation ou la production de tous appareils de jeux;
- La réalisation de toutes opérations et activités se rapportant à la coiffure en général,l’exploitation de salons de coiffures pour dames et pour messieurs,ainsi que pour enfants;l’extension de cheveux,la perruquerie….La société réalisera également ces prestations de coiffure,de maquillage,de pédicure,manucure,massage,dans des homes,des hôpitaux,à domicile,dans des hôtels,dans les lieux publics et privées notamment lors des expositions,foires,événementiels et autres;
- L’import et l’export,l’achat et la vente,en gros et en détail,la représentation de tous articles textiles,articles vestimentaires pour hommes,dames,enfants et bébés,de tous articles de cuir naturel ou synthétique,de fourrures,ainsi que de tissus d’habillement et d’ameublement,textiles,chapeaux,gants,ceintures,bijoux de fantaisie,tapis,accessoires de mode,produits cosmétiques et d’entretien,articles cadeaux,articles en verre,en porcelaine,en faïence,en poterie et en plastique,articles ménagers et électroménagers,article de papeterie,disques,cassettes,fournitures scolaires,articles de jardinage,de fleurs,d’arbres fruitiers ou d’ornements;
- Toutes activités en matière de consultance,de conseils,assistance en matière technique,commerciale,financière et industrielles;la formation et l’information de personnes et sociétés,le commissionnement de quelque nature lors d’apport d’affaire à un tiers.
- Le service et le conseil en gestion,traduction,administration et secrétariat d’entreprise;
- La création,le management et la stratégie d’entreprise;
- La prestation de services d’ordre économique,assistance,conseil en matière technique,commerciale,financière et industrielle;
- La formation et l’information de personnes et de sociétés;
- L’organisation de cycle de cours,de conférences et d’événements;
- Le commissionnement de quelque nature lors d’apports d’affaires à des tiers;
- Les prestations d’intermédiaire commercial ainsi qu’à des opérations d’import et export au sens large(tel que commerce avec l’étranger);
- La gestion d’entreprises,peu importe l’objet de ces dernières,l’acquisition,la gestion et la mise en valeur de brevets,octroies et licences et autres droits intellectuels;
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- ZULD CONSTRUCT
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région de Bruxelles-Capitale, sièges administratifs,succursales,agences,dépôts et comptoirs en Belgique et à l'étranger” (deed in French)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Each director alone
- Board ruleHow the board is made up, meets and takes decisions.
- “Un ou plusieurs administrateurs,personnes physiques ou morales,actionnaires ou non, sans limitation de durée à défaut d'indication” (deed in French)“Administrateurs restants peuvent coopter nouvel administrateur, première assemblée générale suivante doit confirmer” (deed in French)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “1, apport” (deed in French)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Refus d'agrément cession entre vifs, opposition devant Président du Tribunal des Entreprises du siège siégeant comme en référé” (deed in French)“Valeur d'actif net actions défunt résultant derniers comptes annuels approuvés, droit à valeur actions transmises nonobstant clause…” (deed in French)1 more provision on this in the deed
- Share issue ruleHow and by whom new shares can be issued.
- “Assemblée générale modification statuts, modification statuts” (deed in French)
- Authorised capitalThe amount by which the board may raise capital without a new shareholder decision.
- One provision in the deed
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Second Wednesday of March at 18:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Sonnette alarme pertes, actif_net_risque_négatif_ou_devenu_négatif” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “2:87_et_suivants_plus_étendus, CHAPITRE_VII_DISSOLUTION_LIQUIDATION” (deed in French)