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ZVB METAALCONSTRUCT

Active
Private limited companyfounded 2024active for 2 yearsZeestraat 6, 9060 Zelzate, BelgiumKBO/BCE: BE 1012.888.153
Summary

The computed 12-month bankruptcy probability of ZVB METAALCONSTRUCT is 2.8% (moderate). The 2025 annual accounts show equity of €11,428 and a net result of €9,428. Its solvency ranks better than 21% of 2,323 sector peers (NACE 25, financial year 2025). The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Activity
Manufacture of metal structures and parts of structures
NACE 25110
1 site
Size
≈ €160,000turnover 2025, estimated
Equity
€11,428
Profit
€9,428
Turnover estimated from the gross margin
Financial health
51 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
2.8%
Structure
2025 accounts 46 days early
Why 51raises riskFounded in 2024Size: total assets €68,664Sector: Manufacture of fabricated metal products, except machinery and equipment (NACE 25)Liquidity: current ratio 0.21, cash €2,680Show the evidence

Checked score

Score 2025
51 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 39% of its sector peers (NACE 25, micro)
Financial strength
Average
Solvency 42
equity 16.6% of total assets
Liquidity 36
short-term debt 40.0% · cash 3.9%
Profitability 86
return on assets 13.7%
Bankruptcy probability, 12 months
2.8% Moderate
0%0.5%1.5%4%10%≥ 25%

About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.5% (3,705 companies, NACE 25, micro)
Last 24 months 09-2025: 1.8%lowest value 10-2025: 1.8%● unchanged vs 09-2025lowest value 11-2025: 1.9%▲ +0.1 percentage points vs 10-2025 12-2025: 2.3%▲ +0.4 percentage points vs 11-2025 01-2026: 2.4%▲ +0.1 percentage points vs 12-2025 02-2026: 2.7%▲ +0.3 percentage points vs 01-2026 03-2026: 2.7%● unchanged vs 02-2026 04-2026: 2.9%▲ +0.2 percentage points vs 03-2026 05-2026: 3.0%▲ +0.1 percentage points vs 04-2026 06-2026: 2.9%▼ -0.1 percentage points vs 05-2026 07-2026: 2.9%● unchanged vs 06-2026 08-2026: 3.2%▲ +0.3 percentage points vs 07-2026 09-2026: 3.3%▲ +0.1 percentage points vs 08-2026highest value 10-2026: 2.8%▼ -0.5 percentage points vs 09-2026
Credit of up to €500 on 30-day terms is acceptable
Liquidity insufficient (current ratio 0.21, below 1; short-term debt: 40% and cash: 3.9% of total assets), and 83.4% of the assets are financed with debt and provisions.
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 25, micro): better than 19% on solvency, 23% on liquidity and 74% on profitability.

The bankruptcy probability was computed on 30-10-2026 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).

Credit check for your own amount and term

Show the recommended maximum and see how the verdict changes with amount, term and advance.

Signals

Six signals.
raises riskneutral
raises risk · Founded in 2024
Companies of this age fail more often than older ones; how much that weighs depends on the rest of its profile.
KBO
raises risk · Size: total assets €68,664
Companies of this size fail more often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
raises risk · Sector: Manufacture of fabricated metal products, except machinery and equipment (NACE 25)
KBO
raises risk · Liquidity: current ratio 0.21, cash €2,680
NBB · annual accounts
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 2323 sector peers (2025).
NBB · sector comparison
Position among 2323 sector peers
Solvency
better than 21%
← weakest strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 15-06-2026, 46 days ahead of the deadline.
NBB · 1 filing
Deviation from the deadline
2025
46 days early
← before the deadline after the deadline →
Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since incorporation in 2024.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · micro…
  2. Appointment: VAN BADEN Joël (director)Gazette deed
  3. IncorporationAppointment: VAN BADEN Zino (director)…

Financials · financial year 2025, micro format

Turnover
≈ €160,000
Estimated: probably between €97,000 and €290,000
Total assets
€68,664
Net result
€9,428
Working capital
-€21,664

Turnover and EBIT margin not published: the micro format does not require them. The turnover shown is an estimate from the gross margin.

Balance-sheet composition
Assets €68,664
Fixed assets €62,886
Current assets €5,779
Equity and liabilities €68,664
Equity €11,428
Debt €57,237
Debt finances 83.4% of the balance-sheet total.
Key figures and ratios
2025 value
EBITDA
€39,289
Cash flow
€32,545
Current ratio
0.21
Debt to equity
5.01
ROE
82.5%
ROA
13.7%
Interest coverage
10.94
Debt ≤ 1 year
€27,443
Debt > 1 year
€29,794
Income taxes
€3,210

Peer companies

Historical observation

Of the 7,976 companies that looked in July 2024 the way this one looks now, 3.6% went bankrupt within 24 months and 94.3% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 10 to 30%
  • a profit of 5% of the balance sheet or more
3.6% went bankrupt
1.8% stopped otherwise
94.3% still going

A further 0.3% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 2.8% 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 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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 7,976 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.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 · 37 lines
Balance sheet Code2025
Assets
Total assets20/58€68,664
Fixed assets21/28€62,886
Tangible fixed assets22/27€62,886
Plant, machinery and equipment23€7,584
Furniture and vehicles24€17,262
Leasing and similar rights25€38,040
Current assets29/58€5,779
Amounts receivable within one year40/41€3,099
Trade receivables40€1,032
Other amounts receivable41€2,067
Cash at bank and in hand54/58€2,680
Equity and liabilities
Total equity and liabilities10/49€68,664
Equity10/15€11,428
Contributions10/11€2,000
Profit (loss) carried forward14€9,428
Amounts payable17/49€57,237
Amounts payable after more than one year17€29,794
Financial debts170/4€29,794
Amounts payable within one year42/48€27,443
Current portion of amounts payable after more than one year42€16,781
Trade debts44€1,836
Suppliers440/4€1,836
Taxes, remuneration and social security45€8,826
Taxes450/3€8,826
Income statement Code2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€23,118
Other operating charges640/8€856
Gross operating margin9900€40,145
Operating profit (loss)9901€16,172
Financial income75/76B€56
Recurring financial income75€56
Financial charges65/66B€3,590
Recurring financial charges65€3,590
Profit (loss) for the period before taxes9903€12,638
Income taxes67/77€3,210
Profit (loss) for the period9904€9,428
Profit (loss) for the period to be appropriated9905€9,428
Appropriation of the result
Profit (loss) to be appropriated9906€9,428

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€23,118
Other operating charges640/8€856
Gross operating margin9900€40,145
Operating profit (loss)9901€16,172
Financial income75/76B€56
Recurring financial income75€56
Financial charges65/66B€3,590
Recurring financial charges65€3,590
Profit (loss) for the period before taxes9903€12,638
Income taxes67/77€3,210
Profit (loss) for the period9904€9,428
Profit (loss) for the period to be appropriated9905€9,428
Line2025
Assets
Total assets20/58€68,664
Fixed assets21/28€62,886
Tangible fixed assets22/27€62,886
Plant, machinery and equipment23€7,584
Furniture and vehicles24€17,262
Leasing and similar rights25€38,040
Current assets29/58€5,779
Amounts receivable within one year40/41€3,099
Trade receivables40€1,032
Other amounts receivable41€2,067
Cash at bank and in hand54/58€2,680
Equity and liabilities
Total equity and liabilities10/49€68,664
Equity10/15€11,428
Contributions10/11€2,000
Profit (loss) carried forward14€9,428
Amounts payable17/49€57,237
Amounts payable after more than one year17€29,794
Financial debts170/4€29,794
Amounts payable within one year42/48€27,443
Current portion of amounts payable after more than one year42€16,781
Trade debts44€1,836
Suppliers440/4€1,836
Taxes, remuneration and social security45€8,826
Taxes450/3€8,826
Line2025
Profit (loss) for the period9904€9,428
+ Depreciation and write-downs630€23,118
Operating cash flow (approximation)€32,545

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Filings with the National Bank (1)
Financial year Type Filed Reference
31-12-2025 micro format 15-06-2026 2026-00166285

Similar companies · same sector, comparable size

Of the 3,945 active companies whose main activity is manufacture of metal structures and parts of structures (NACE 25110), figures are known for 2,177. 847 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.

Directors

Directors
2 directors, no change since 2025
VAN BADEN Zino
Director · since 23-08-2024
Current
VAN BADEN Joël
Director · since 20-02-2025
Current
Derived from published Gazette deeds. The KBO keeps the official list of office holders; we do not read it, so the two can differ. See the directors and other office holders in the KBO →

Mandate history

2 people since 2024, 2 in office
Show
  • Board
Mandates per person, with start and end dates
Name Functions and periods
VAN BADEN Zino
  • Director, from 23-08-2024 to date
VAN BADEN Joël
  • Director, from 20-02-2025 to date
See the board, name and registered office on a given date →

Owners and capital

Capital and shareholders

Shareholders according to the deeds
At incorporation act of 30-08-2024 ↗

The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.

Capital over the years
  1. 30-08-2024 Incorporation · €2,000 · 100 shares

Group and network

Connections & network

2 current directors
Depth

The network starts from this company’s directors. Other companies they run appear here as nodes.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.

History

ZVB METAALCONSTRUCT was incorporated on 28 August 2024 as a private limited company by one natural person, with a starting capital of €2,000.12 The board currently has 2 members; VAN BADEN Zino has served longest, since 2024.2 The company has filed annual accounts once, for financial year 2025.3

  1. 1KBO register
  2. 2Belgian Official Gazette, 30-08-2024
  3. 3National Bank, annual accounts 2025

Acts, filings and financial milestones

2026
15-06
NBB filing Annual accounts filed
financial year 2025 · micro format
2025
24-03
Gazette deed Appointment: VAN BADEN Joël (director)
2 facts ▸
  • General meeting, 20-02-2025
  • Director appointment, VAN BADEN Joël (director)
2024
30-08
Gazette deed Incorporation
Appointment: VAN BADEN Zino (director) · Founder · Founding capital8 facts ▸
  • Incorporation, 23-08-2024
  • Founder, VAN BADEN Zino
  • Founding capital, €2,000
  • Director appointment, VAN BADEN Zino (director)
  • Director in office, VAN BADEN Zino (director)
  • Pre-incorporation commitments, “takeover, Alle verbintenissen en alle verplichtingen die eruit voortvloeien, en alle activiteiten ondernomen sinds 01-08-2024 door de comparanten in naam e…” (deed in Dutch)
  • Power of attorney, Cédric Roegiers
  • Registered office clause, “9060 Zelzate, Zeestraat 6” (deed in Dutch)
Gazette deedNBB filing
2 of 2 deeds read

Register details

Identification
Legal formPrivate limited company
Founded28-08-2024
Financial year end31-12
Activities, NACEBEL 2025
25110Manufacture of metal structures and parts of structures
25530Machining of metals
25999Manufacture of fabricated metal products, except machinery and equipment
E-invoicing
Reachable via Peppol
Peppol ID 0208:1012888153
Also 9925:BE1012888153
Registered 07-09-2024

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 31 October 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.

Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.

Sites & property

Location & real-estate footprint
Registered office, Zelzate · 1 establishment unit since 2024
registered office establishment The establishment unit on the map
Ground area
719 m²
Building footprint
90 m²
Building volume
371 m³
Parcel 43302C0076/00W000, Flanders · tallest building 7.1 m. Linked by address, not a title deed.
1 establishment unit
ZVB METAALCONSTRUCT
Zeestraat 6, 9060 ZelzateManufacture of metal structures and parts of structures
since 2024unit no. 2.362.966.817
1 parcel
Flanders 1 (100%)
Cadastral parcel Region Area Buildings Height / floors
43302C0076/00W000 Flanders 719 m² 1 · 90 m² 7.1 m · 1
How the parcels are linked
Good to know
The parcel matches the address exactly.

Articles of association

What the company does

PurposeThe activities the company may carry out under its articles.
“Metaalconstructie, metaalbewerking en metalen schrijnwerk, alle laswerken, alle smeed- en ijzerwerk; Het uitvoeren van algemene mechaniek en…” (deed in Dutch)
5 activities (deed in Dutch)
  1. Metaalconstructie, metaalbewerking en metalen schrijnwerk, alle laswerken, alle smeed- en ijzerwerk
  2. Het uitvoeren van algemene mechaniek en het verrichten van alle mechanische onderhouds- en herstellingswerken
  3. Fotolassen
  4. Automatiseren van draai en schuifpoorten
  5. Plaatsen en automatiseren van sectionaal poorten

The full purpose is in the deed

Name clauseThe name the company operates under according to its articles.
ZVB METAALCONSTRUCT
Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
“Vlaams Gewest” (deed in Dutch)

deed of 30-08-2024

Who represents it, and how

Who signsWho may bind the company towards others, for example by signing a contract.
Each director alone
Daily managementWho may handle the everyday running of the business without the full board.
The board decides whether the delegates act alone or jointly
Board ruleHow the board is made up, meets and takes decisions.
“Benoemd met of zonder beperking van duur, één of meer bestuurders, natuurlijke personen of rechtspersonen, al dan niet aandeelhouder” (deed in Dutch)
“Indien de vennootschap door twee bestuurders wordt bestuurd, kunnen zij, beslissende bij unanimiteit, alle handelingen stellen die nodig of…” (deed in Dutch)
“Indien de vennootschap door meer dan twee bestuurders wordt bestuurd, kunnen zij, beslissende bij gewone meerderheid, alle handelingen…” (deed in Dutch)
“Deze wordt geboekt op de algemene kosten, los van eventuele representatie-, reis- en verplaatsingskosten, Indien het mandaat van de…” (deed in Dutch)

deed of 30-08-2024

Capital, shares and profit

Kind of sharesWhich classes of shares exist and what rights each class carries.
“Ieder aandeel geeft een gelijk recht in de winstverdeling en in het vereffeningsaldo, De inbrengen werden geboekt op beschikbare eigen…” (deed in Dutch)

deed of 30-08-2024

Meetings and financial year

Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
15 June at 20:00
Meeting accessWho may attend the meeting and what is needed to be admitted.
“Indien enkel de stemrechten geschorst zijn, mag hij nog steeds deelnemen aan de algemene vergadering zonder te kunnen deelnemen aan de…” (deed in Dutch)

deed of 30-08-2024

Oversight and winding up

Statutory auditorA statutory auditor is a registered auditor who checks the accounts; small companies need not have one. According to the deed, the legal criteria do not require one here.
No statutory auditor

deed of 30-08-2024

Other provisionsOther rules from the articles that fall under none of the themes above.

Liquidation distribution: “Na aanzuivering van alle schulden, lasten en kosten van de vereffening of consignatie van de nodige sommen om die te voldoen en, indien er…” (deed in Dutch)

deed of 30-08-2024