Zultanit
ActiveThe computed 12-month bankruptcy probability of Zultanit is 1.7% (moderate). The 2024 annual accounts show equity of €105k and a net result of €50k. Equity is growing by ~53.1% per year across the filed fiscal years. Its solvency ranks better than 74% of 26056 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
100
/ 100
Excellent▲ +39 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100▲+87
Solvency99▲+20
Growth78=
Stability100
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €10k at 30 days acceptable
Liquidity ample (current ratio 2.57 against 1.71 in 2023), and 38.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 25-08-2025, 25 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 · 5 filingsDeviation from the deadline
2025
not confirmed
2024
25 d late
2023
21 d late
2022
23 d late
2021
144 d late
2020
59 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€105k▲ 92.5%
2023 · €55k
2020: €-16k
2021: €2k
2022: €53k
2023: €55k
2020 → 2024
Total assets
€171k▲ 29.9%
2023 · €132k
2020: €46k
2021: €79k
2022: €145k
2023: €132k
2020 → 2024
Net result
€50k▲ 3,413%
2023 · €1k
2020: €-17k
2021: €19k
2022: €51k
2023: €1k
2020 → 2024
Working capital
€104k▲ 91.0%
2023 · €55k
2020: €-16k
2021: €2k
2022: €55k
2023: €55k
2020 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€-16k-€2k€53k▲ 2,080%€55k▲ 2.7%€105k▲ 92.5%
Operating result€-16k-€20k€52k▲ 161%€2k▼ 95.3%€63k▲ 2,475%
Net result€-17k-€19k€51k▲ 168%€1k▼ 97.2%€50k▲ 3,413%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 2,475% above 2023 and is the highest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €171k
Fixed assets
€815
Current assets
€170k
Equity and liabilities €171k
Equity
€105k▲ 92.5%
Debt
€66k▼ 14.2%
The debt ratio falls from 58.6% to 38.7%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€63k
Cash flow
€51k
Solvency
61.3%▲
2023 · 41.4%
Current ratio
2.57▲
2023 · 1.71
Quick ratio
1.53▲
2023 · 0.42
Debt / equity
0.63▼
2023 · 1.42
ROE
48.1%▲
2023 · 2.6%
ROA
29.5%▲
2023 · 1.1%
Interest coverage
71.48
Debt
€66k▼
2023 · €77k
Debt ≤ 1 year
€66k▼
2023 · €77k
Income taxes
€11k▲
2023 · €387
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
Assets
Total assets20/58€132k€171k▲
Fixed assets21/28-€815
Tangible fixed assets22/27-€815
Plant, machinery and equipment23-€815
Current assets29/58€132k€170k▲
Stocks and contracts in progress3€99k€69k▼
Stocks30/36€99k€69k▼
Amounts receivable within one year40/41-€20
Trade receivables40-€20
Cash at bank and in hand54/58€32k€102k▲
Equity and liabilities
Total equity and liabilities10/49€132k€171k▲
Equity10/15€55k€105k▲
Contributions10/11€500€500=
Capital10€500€500=
Issued capital100€500€500=
Reserves13€54k€104k▲
Distributable reserves133€54k€104k▲
Amounts payable17/49€77k€66k▼
Amounts payable within one year42/48€77k€66k▼
Trade debts44€28k€27k▼
Suppliers440/4€28k€27k▼
Taxes, remuneration and social security45€695€3k▲
Taxes450/3€695€848▲
Remuneration and social security454/9-€3k
Other amounts payable47/48€49k€36k▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€408
Other operating charges640/8€1k€2k▲
Gross operating margin9900€4k€65k▲
Operating profit (loss)9901€2k€63k▲
Financial income75/76B€20-
Recurring financial income75€20-
Financial charges65/66B€629€882▲
Recurring financial charges65€629€882▲
Profit (loss) for the period before taxes9903€2k€62k▲
Income taxes67/77€387€11k▲
Profit (loss) for the period9904€1k€50k▲
Profit (loss) for the period to be appropriated9905€1k€50k▲
Appropriation of the result
Profit (loss) to be appropriated9906€1k€50k▲
Transfer to equity691/2€1k€50k▲
To other reserves6921€1k€50k▲
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
25-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 25 days late
2024
31-12
Financial
Equity above €100kEq €105k ▲92.5%
4 profitable years in a row build equity to €105k.
21-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 21 days late
2023
23-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 23 days late
2022
31-12
Financial
Highest result since 2020net €51k ▲168%
Net result €51k, the highest in the series.
22-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 144 days late
2021
31-12
Financial
Back to profitnet €19k
Net result €19k after one loss-making year.
28-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 59 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Genk · 1 establishment unit since 2019
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Stalenstraat 1253600 GenkGround area
228 m²
Building footprint
136 m²
Volume, LiDAR
1,067 m³
Parcel 71308A0893/00G002, Flanders · tallest building 11.4 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Zultanit
since 20192.295.103.241
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71308A0893/00G002 | Flanders | 228 m² | 1 · 135 m² | 11.4 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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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ATELIER 916
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Of 2,006 companies in sector 47770 we hold annual accounts for 892. 697 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded17-10-2019
Fiscal year end31-12
Activities, NACEBEL
47770Retail sale of watches and jewellery
95250Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.