Zutterman J.

Active

Private limited companyfounded 20206 yrs activeVeurnseweg 130, 8900 Ieper, BelgiumKBO/BCE: BE 0749.574.923

The computed 12-month bankruptcy probability of Zutterman J. is 2.2% (moderate). The 2025 annual accounts show equity of €168k and a net result of €-2k. Equity is growing by ~12.3% per year across the filed fiscal years. Its solvency ranks better than 76% of 27450 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2025

75 / 100

Excellent

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability68▼-2

Solvency97▲+16

Growth52=

Track record100

Bankruptcy probability, 12 months

2.2% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €12k at 30 days acceptable

Liquidity ample (current ratio 3.09 against 2.06 in 2024; short-term debt: 21.7% and cash: 43.9% of total assets), and 28.2% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Five signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 43

Relative position

BE, all sectors

reference

Sector 43

higher

← fewer bankruptcies more bankruptcies →

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-07-2026, 5 days ahead of the deadline.

NBB · 5 filings

Deviation from the deadline

2025

5 d early

2024

6 d early

2023

22 d late

2022

12 d early

2021

31 d late

← before the deadline after the deadline →

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.

Companies Code · seven months

Position in the running window

16-09-2026 today31-12-2026 close31-07-2027 deadline

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

Financials · fiscal year 2025, micro schema

Equity

€168k▼ 1.2%

2024 · €170k

2021: €90k 2022: €127k 2023: €166k 2024: €170k

2021 → 2025

Total assets

€234k▼ 22.4%

2024 · €301k

2021: €226k 2022: €351k 2023: €299k 2024: €301k

2021 → 2025

Net result

€-2k

2024 · €4k

2021: €85k 2022: €37k 2023: €39k 2024: €4k

2021 → 2025

Working capital

€106k▲ 6.8%

2024 · €99k

2021: €45k 2022: €73k 2023: €115k 2024: €99k

2021 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Equity€90k-€127k▲ 41.7%€166k▲ 30.5%€170k▲ 2.4%€168k▼ 1.2%

Operating result€117k-€58k▼ 50.5%€57k▼ 2.5%€9k▼ 83.6%€484▼ 94.8%

Net result€85k-€37k▼ 55.9%€39k▲ 3.7%€4k▼ 89.7%€-2k

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result has fallen four years in a row; 2025 is 95% below 2024 and is the lowest result in the available series.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €234k

33.1%

66.9%

Fixed assets €77k▼ 28.7%

Current assets €157k▼ 18.9%

Equity and liabilities €234k

71.8%

28.2%

Equity €168k▼ 1.2%

Debt €66k▼ 49.8%

The debt ratio falls from 43.6% to 28.2%. Equity and debt are lower.

Key figures and ratios

2025 value · change against 2024

EBITDA

€34k▼

2024 · €39k

Cash flow

€31k▼

2024 · €34k

Solvency

71.8%▲

2024 · 56.4%

Current ratio

3.09▲

2024 · 2.06

Quick ratio

3.00▲

2024 · 1.86

Debt / equity

0.39▼

2024 · 0.77

ROE

-1.2%▼

2024 · 2.4%

ROA

-0.9%▼

2024 · 1.3%

Interest coverage

11.81▲

2024 · 11.21

Debt

€66k▼

2024 · €131k

Debt ≤ 1 year

€51k▼

2024 · €94k

Debt > 1 year

€15k▼

2024 · €32k

Income taxes

€316▼

2024 · €3k

Staff costs

€11k▼

2024 · €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 · 2025 against 2024

Balance sheet Code20242025

Assets

Total assets20/58€301k€234k▼

Formation expenses20€0€0=

Fixed assets21/28€108k€77k▼

Tangible fixed assets22/27€108k€77k▼

Plant, machinery and equipment23€1k€2k▲

Furniture and vehicles24€56k€43k▼

Leasing and similar rights25€47k€31k▼

Other tangible fixed assets26€4k€2k▼

Current assets29/58€193k€157k▼

Stocks and contracts in progress3€19k€5k▼

Stocks30/36€4k€1k▼

Contracts in progress37€14k€3k▼

Amounts receivable within one year40/41€57k€47k▼

Trade receivables40€46k€36k▼

Other amounts receivable41€11k€12k▲

Cash at bank and in hand54/58€116k€103k▼

Deferred charges and accrued income490/1€1k€2k▲

Equity and liabilities

Total equity and liabilities10/49€301k€234k▼

Equity10/15€170k€168k▼

Contributions10/11€5k€5k=

Reserves13€165k€165k=

Distributable reserves133€165k€165k=

Profit (loss) carried forward14-€-2k

Amounts payable17/49€131k€66k▼

Amounts payable after more than one year17€32k€15k▼

Financial debts170/4€32k€15k▼

Amounts payable within one year42/48€94k€51k▼

Current portion of amounts payable after more than one year42€25k€17k▼

Trade debts44€23k€30k▲

Suppliers440/4€23k€30k▲

Taxes, remuneration and social security45€20k€4k▼

Taxes450/3€19k€3k▼

Remuneration and social security454/9€1k€369▼

Other amounts payable47/48€26k-

Accrued charges and deferred income492/3€5k-

Income statement Code20242025

Non-recurring operating income76A€11k€1k▼

Remuneration, social security and pensions62€46k€11k▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€30k€33k▲

Other operating charges640/8€4k€3k▼

Non-recurring operating charges66A€3k-

Gross operating margin9900€92k€49k▼

Operating profit (loss)9901€9k€484▼

Financial income75/76B€1k€603▼

Recurring financial income75€1k€603▼

Financial charges65/66B€4k€3k▼

Recurring financial charges65€4k€3k▼

Profit (loss) for the period before taxes9903€7k€-2k▼

Income taxes67/77€3k€316▼

Profit (loss) for the period9904€4k€-2k▼

Profit (loss) for the period to be appropriated9905€4k€-2k▼

Appropriation of the result

Profit (loss) to be appropriated9906€4k€-2k▼

Transfer to equity691/2€4k-

To other reserves6921€4k-

The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 8Financial 3Filings 5

Next filing, fiscal year 2026, expected by 31-07-2027

2026

26-07

NBB filing Annual accounts filed

fiscal year 2025 · micro schema

2025

31-12

Financial Weakest financial yearnet €-2k ▼152%

Net result drops to €-2k, the lowest in the series.

25-07

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

22-08

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 22 days late

2023

31-12

Financial Equity above €150kEq €166k ▲30.5%

3 profitable years in a row build equity to €166k.

19-07

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2022

31-12

Financial Equity above €100kEq €127k ▲41.7%

2 profitable years in a row build equity to €127k.

31-08

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 31 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

3 acts for this company are 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, Ieper · 1 establishment unit since 2020

establishment The establishment unit on the map

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.

Veurnseweg 1308900 Ieper

Ground area

142 m²

Parcel 33304A0357/00M000, Flanders. Linked by address, not a title deed.

1 establishment unit

Zutterman J.

Veurnseweg 130, 8900 IeperManufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials

since 20202.304.321.211

1 parcel

Flanders 1 (100%)