ZWIJNAARDE
ActiveZWIJNAARDE has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-866k) and a net result of €-534k. Equity is shrinking by ~51.1% per year across the filed fiscal years. Its solvency ranks better than 10% of 9099 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
17
/ 100
Critical▲ +9 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+100
Solvency41▼-1
Growth32▼-26
Stability100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.86 against 0.91 in 2024), and equity is negative.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-8.3%
Return on assets
-5.1%
Age of the figures
12 mo
raises risk · Negative equity
Equity is negative for financial year 2025: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year -€866k
neutral · Latest accounts filed on time
The financial year that closed on 31-08-2025 was due by 31-03-2026 and was filed on 09-03-2026, 22 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
22 d early
2024
4 d early
2023
3 d early
2022
8 d early
2021
1 d early
2020
19 d early
2019
on the day
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-08-2026 and is due by 31-03-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-08-2026 close15-09-2026 today31-03-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€-866k▼ 161%
2024 · €-332k
2019: €155k
2020: €-43k
2021: €-188k
2022: €-717k
2023: €-771k
2024: €-332k
2019 → 2025
Total assets
€10.38M▼ 7.3%
2024 · €11.20M
2019: €3.27M
2020: €7.40M
2021: €11.09M
2022: €10.47M
2023: €12.90M
2024: €11.20M
2019 → 2025
Net result
€-534k
2024 · €439k
2019: €60k
2020: €-197k
2021: €-145k
2022: €-529k
2023: €-55k
2024: €439k
2019 → 2025
Working capital
€-1.59M▼ 50.2%
2024 · €-1.06M
2019: €-534k
2020: €-751k
2021: €-892k
2022: €-1.43M
2023: €-1.49M
2024: €-1.06M
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-188k-€-717k▼ 281%€-771k▼ 7.6%€-332k▲ 56.9%€-866k▼ 161%
Operating result€-99k-€-628k▼ 532%€-176k▲ 71.9%€-9k▲ 95.0%€-814k▼ 9,086%
Net result€-145k-€-529k▼ 264%€-55k▲ 89.6%€439k€-534k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €814k in 2025 against €9k in 2024; the loss grows and 2025 is the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €10.38M
Fixed assets
€777k=
Current assets
€9.60M▼ 7.9%
Key figures and ratios
Solvency
-8.3%▼
2024 · -3.0%
Current ratio
0.86▼
2024 · 0.91
Quick ratio
0.16▼
2024 · 0.19
Debt / equity
-12.98▲
2024 · -34.73
ROE
61.7%▲
2024 · -132.3%
ROA
-5.1%▼
2024 · 3.9%
Debt
€11.24M▼
2024 · €11.53M
Debt ≤ 1 year
€11.19M▼
2024 · €11.48M
Debt > 1 year
€48k▲
2024 · €48k
Income taxes
€1▲
2024 · €1
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€11.20M€10.38M▼
Fixed assets21/28€777k€777k=
Financial fixed assets28€777k€777k=
Current assets29/58€10.42M€9.60M▼
Stocks and contracts in progress3€8.25M€7.81M▼
Stocks30/36€8.25M€7.81M▼
Amounts receivable within one year40/41€1.59M€1.36M▼
Trade receivables40€1.48M€1.32M▼
Other amounts receivable41€113k€40k▼
Current investments50/53€646€649▲
Cash at bank and in hand54/58€45k€426k▲
Deferred charges and accrued income490/1€538k€30▼
Equity and liabilities
Total equity and liabilities10/49€11.20M€10.38M▼
Equity10/15€-332k€-866k▼
Contributions10/11€223k€223k=
Capital10€223k€223k=
Issued capital100€223k€223k=
Reserves13€22k€22k=
Non-distributable reserves130/1€22k€22k=
Legal reserve130€22k€22k=
Profit (loss) carried forward14€-578k€-1.11M▼
Amounts payable17/49€11.53M€11.24M▼
Amounts payable after more than one year17€48k€48k▲
Other amounts payable178/9€48k€48k▲
Amounts payable within one year42/48€11.48M€11.19M▼
Financial debts43€755k€3.16M▲
Credit institutions430/8€755k€3.16M▲
Trade debts44€4.60M€5.46M▲
Suppliers440/4€4.60M€5.46M▲
Advances received on contracts in progress46€1.82M€37k▼
Taxes, remuneration and social security45€45€13▼
Taxes450/3€45€13▼
Other amounts payable47/48€4.31M€2.54M▼
Accrued charges and deferred income492/3€3k€5k▲
Income statement
Code20242025
Other operating charges640/8€4k€80k▲
Gross operating margin9900€-5k€-735k▼
Operating profit (loss)9901€-9k€-814k▼
Financial income75/76B€493k€380k▼
Recurring financial income75€493k€380k▼
Financial charges65/66B€45k€100k▲
Recurring financial charges65€45k€100k▲
Profit (loss) for the period before taxes9903€439k€-534k▼
Income taxes67/77€1€1▲
Profit (loss) for the period9904€439k€-534k▼
Profit (loss) for the period to be appropriated9905€439k€-534k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-578k€-1.11M▼
Profit (loss) brought forward from the previous period14P€-1.02M€-578k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
09-03
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-08
Financial
Weakest financial yearnet €-534k ▼222%
Net result drops to €-534k, the lowest in the series.
27-03
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-08
Financial
Back to profitnet €439k
Net result €439k after 4 loss-making years.
28-03
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
23-03
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-03
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
12-03
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-03
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
28-03
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
27-03
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
27-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
8 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, Aalst · 1 establishment unit since 2000
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.
Gentse steenweg 1509300 AalstGround area
2,671 m²
Building footprint
1,293 m²
Volume, LiDAR
11,874 m³
Parcel 41302C1234/00A002, Flanders · tallest building 15.4 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Gentse steenweg 150, 9300 Aalst
since 20002.078.974.274
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41302C1234/00A002 | Flanders | 2,671 m² | 1 · 1,293 m² | 15.3 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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Of 9,633 companies in sector 68121 we hold annual accounts for 7,327. 5,293 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded26-08-1996
Fiscal year end31-08
Activities, NACEBEL
68121Development of residential building projects
68110Buying and selling of own real estate
68201Renting and operating of own or leased residential real estate, excluding social housing
70201
Sources
Crossroads Bank for EnterprisesNational Bank · 28 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.