ZUZ-MAT
ActiveZUZ-MAT has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €184k and a net result of €46k. Equity is growing by ~45.3% per year across the filed fiscal years. Its solvency ranks better than 83% of 27451 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
82
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability81▲+17
Solvency100=
Growth85▲+31
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €15k at 30 days acceptable
Liquidity ample (current ratio 3.75 against 3.22 in 2024; short-term debt: 21.5% and cash: 24.6% of total assets), and 21.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · 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 →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
78.5%
Return on assets
19.7%
Age of the figures
12 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 18-05-2026, 18 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 · 10 filingsDeviation from the deadline
2025
18 d late
2024
1 d early
2023
2 d early
2022
3 d early
2020
on the day
2019
4 d early
2018
31 d early
← before the deadline
after the deadline →
Financials · fiscal year 2025, micro schema
Turnover
€962k▲ 154%
2024 · €378k
2022: €445k
2023: €625k
2024: €378k
2022 → 2025
EBIT margin
6.9%▲ 5.6pp
2024 · 1.3%
2022: 5.8%
2023: 19.1%
2024: 1.3%
2022 → 2025
Net result
€46k▲ 1,080%
2024 · €4k
2019: €2k
2020: €-1k
2022: €19k
2023: €87k
2024: €4k
2019 → 2025
Working capital
€139k▲ 66.2%
2024 · €83k
2019: €30k
2020: €11k
2022: €40k
2023: €60k
2024: €83k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202022202320242025Trend
Turnover€445k€625k▲ 40.5%€378k▼ 39.4%€962k▲ 154%
Equity€22k-€47k▲ 111%€134k▲ 184%€138k▲ 2.9%€184k▲ 33.6%
Operating result€-4k-€26k€119k▲ 365%€5k▼ 95.9%€67k▲ 1,254%
Net result€-1k-€19k€87k▲ 349%€4k▼ 95.5%€46k▲ 1,080%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 1,254% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €234k
Fixed assets
€45k▼ 16.8%
Current assets
€189k▲ 56.1%
Equity and liabilities €234k
Equity
€184k▲ 33.6%
Debt
€50k▲ 33.0%
The debt ratio falls from 21.6% to 21.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€90k▲
2024 · €26k
Cash flow
€70k▲
2024 · €25k
Solvency
78.5%▲
2024 · 78.4%
Current ratio
3.75▲
2024 · 3.22
Quick ratio
3.75▲
2024 · 3.22
Debt / equity
0.27▼
2024 · 0.27
ROE
25.1%▲
2024 · 2.8%
ROA
19.7%▲
2024 · 2.2%
Interest coverage
265.01▲
2024 · 93.65
Debt
€50k▲
2024 · €38k
Debt ≤ 1 year
€50k▲
2024 · €38k
Income taxes
€20k▲
2024 · €1k
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€176k€234k▲
Fixed assets21/28€55k€45k▼
Tangible fixed assets22/27€55k€45k▼
Plant, machinery and equipment23€1k€4k▲
Furniture and vehicles24€53k€41k▼
Current assets29/58€121k€189k▲
Amounts receivable within one year40/41€98k€131k▲
Trade receivables40€85k€113k▲
Other amounts receivable41€13k€18k▲
Cash at bank and in hand54/58€20k€58k▲
Deferred charges and accrued income490/1€2k€511▼
Equity and liabilities
Total equity and liabilities10/49€176k€234k▲
Equity10/15€138k€184k▲
Contributions10/11€8k€8k=
Reserves13€47k€47k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€45k€45k=
Profit (loss) carried forward14€83k€129k▲
Amounts payable17/49€38k€50k▲
Amounts payable within one year42/48€38k€50k▲
Trade debts44-€21k
Suppliers440/4-€21k
Taxes, remuneration and social security45€34k€28k▼
Taxes450/3€34k€27k▼
Remuneration and social security454/9-€1k
Other amounts payable47/48€4k€2k▼
Accrued charges and deferred income492/3€262-
Income statement
Code20242025
Turnover70€378k€962k▲
Goods, raw materials, services and sundry goods60/61€325k€864k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€21k€24k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€25k€30k▲
Other operating charges640/8€2k€2k▲
Gross operating margin9900€53k€122k▲
Operating profit (loss)9901€5k€67k▲
Financial income75/76B€348-
Recurring financial income75€348-
Financial charges65/66B€282€341▲
Recurring financial charges65€282€341▲
Profit (loss) for the period before taxes9903€5k€66k▲
Income taxes67/77€1k€20k▲
Profit (loss) for the period9904€4k€46k▲
Profit (loss) for the period to be appropriated9905€4k€46k▲
Appropriation of the result
Profit (loss) to be appropriated9906€83k€129k▲
Profit (loss) brought forward from the previous period14P€79k€83k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
18-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 18 days late
2025
30-09
Financial
Equity above €150kEq €184k ▲33.6%
4 profitable years in a row build equity to €184k.
30-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
29-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-08
Financial
Highest result since 2019net €87k ▲349%
Operating result €119k, net result €87k, both a record.
31-08
Financial
Equity above €100kEq €134k ▲184%
2 profitable years in a row build equity to €134k.
28-03
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-08
Financial
Back to profitnet €19k
Net result €19k after one loss-making year.
2021
31-03
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-08
Financial
Weakest financial yearnet €-1k ▼167%
Net result drops to €-1k, the lowest in the series; recovery starts the following year.
27-03
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
28-02
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
27-02
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
13-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
01-03
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Asse · 1 establishment unit since 2011
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.
Breughelpark 121731 AsseGround area
1.3 ha
Building footprint
882 m²
Volume, LiDAR
23,249 m³
Parcel 23095B0184/00X005, Flanders · tallest building 29.7 m, ±9 floors. Linked by address, not a title deed.
1 establishment unit
Breughelpark 12, 1731 Asse
since 20112.203.522.472
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23095B0184/00X005 | Flanders | 1.3 ha | 1 · 882 m² | 29.7 m · 9 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.
Similar companies · same sector, comparable size
DENIERE
BE 0476.301.969
Langemark-Poelkapelle · Eq €184k
PLAFOND STYLE
BE 0477.595.435
Verviers · Eq €184k
GYP-STYLE
BE 0833.555.939
Halle · Eq €184k
BRASPENNING - DONCKERS PLAFONNERINGWERKEN
BE 0474.928.331
Hoogstraten · Eq €183k
BEZETTINGSWERKEN FRANSEN
BE 0837.982.208
Herentals · Eq €183k
Of 4,010 companies in sector 43310 we hold annual accounts for 1,745. 1,397 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded23-09-2011
Fiscal year end30-09
Activities, NACEBEL
43310Plastering work
43222Installation of electric heating, air conditioning, cooling and ventilation
Sources
Crossroads Bank for EnterprisesNational Bank · 13 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.