ZIEGLER ONE

Active

Public limited companyfounded 198739 yrs activeVilvoordsesteenweg 11, 1120 Brussel, BelgiumKBO/BCE: BE 0431.580.120

Summary

The computed 12-month bankruptcy probability of ZIEGLER ONE is 2.4% (moderate). The 2024 annual accounts show negative equity (€-1.23M) and a net result of €-411k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 192 sector peers (fiscal year 2024). The company has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

21 / 100

Critical

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

Axes · tick = 2023

Profitability0=

Solvency0=

Growth32=

Track record100

Bankruptcy probability, 12 months

2.4% Moderate

0%0.5%1.5%4%10%≥ 25%

No credit on open account

Liquidity short (current ratio 0.27 against 0.35 in 2023; short-term debt: 363.3% and cash: 7.5% of total assets), and equity is negative.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

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

−lowers risk+raises risk○neutral

Higher-failure-rate sector

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

Gazette · bankruptcies per sector, NACE 79

Relative position

BE, all sectors

reference

Sector 79

higher

← fewer bankruptcies more bankruptcies →

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 2024

Solvency, return and age of the figures

Solvency

-263.4%

Return on assets

-87.8%

Age of the figures

21 mo

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Lower-risk legal form

Companies with this legal form statistically fail less often than a BV.

KBO · legal form

Negative equity

The 2024 annual accounts show negative equity and a net loss.

NBB · annual accounts 2024

Equity per financial year

18192021222324

2018 to 2024 · latest year €-1.23M

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 11-07-2025, 20 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

not confirmed

2024

20 d early

2023

21 d early

2022

39 d early

2021

30 d early

2020

25 d early

2019

23 d early

← before the deadline after the deadline →

Checked, nothing found (1)

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 2024, full schema

Turnover

Not included in this filing

EBIT margin

Not included in this filing

Net result

€-411k▼ 2.3%

2023 · €-402k

2018: €-4k 2019: €-4k 2020: €-4k 2021: €-183k 2022: €-226k 2023: €-402k

2018 → 2024

Working capital

€-1.23M▼ 49.9%

2023 · €-824k

2021: €-193k 2022: €-419k 2023: €-824k

2021 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€-11k-€-194k▼ 1,741%€-420k▼ 117%€-822k▼ 95.7%€-1.23M▼ 50.0%

Operating result€-4k-€-183k▼ 4,029%€-225k▼ 22.9%€-365k▼ 62.2%€-428k▼ 17.5%

Net result€-4k-€-183k▼ 4,033%€-226k▼ 23.7%€-402k▼ 77.4%€-411k▼ 2.3%

Result per fiscal year

Operating resultNet result

The operating result stays negative: a loss of €428k in 2024 against €365k in 2023; the loss grows and 2024 has the lowest result in the available series.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €468k

99.5%

Fixed assets €2k =

Current assets €466k ▲ 6.7%

Key figures and ratios

2024 value · change against 2023

Solvency

-263.4%▼

2023 · -187.2%

Current ratio

0.27▼

2023 · 0.35

Debt / equity

-1.38▲

2023 · -1.53

ROA

-87.8%▲

2023 · -91.5%

Debt

€1.70M▲

2023 · €1.26M

Debt ≤ 1 year

€1.70M▲

2023 · €1.26M

Income taxes

€383▲

2023 · €378

Staff costs

€65k▼

2023 · €133k

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 · 41 lines

Balance sheet Code20232024

Assets

Total assets20/58€439k€468k▲

Fixed assets21/28€2k€2k=

Financial fixed assets28€2k€2k=

Current assets29/58€437k€466k▲

Amounts receivable within one year40/41€422k€428k▲

Trade receivables40€9k€0▼

Other amounts receivable41€413k€428k▲

Cash at bank and in hand54/58€10k€35k▲

Deferred charges and accrued income490/1€5k€3k▼

Equity and liabilities

Total equity and liabilities10/49€439k€468k▲

Equity10/15€-822k€-1.23M▼

Contributions10/11€136k€136k=

Capital10€136k€136k=

Issued capital100€136k€136k=

Reserves13€6k€6k=

Non-distributable reserves130/1€6k€6k=

Legal reserve130€6k€6k=

Profit (loss) carried forward14€-963k€-1.37M▼

Amounts payable17/49€1.26M€1.70M▲

Amounts payable within one year42/48€1.26M€1.70M▲

Trade debts44€1.24M€1.68M▲

Suppliers440/4€1.24M€1.68M▲

Taxes, remuneration and social security45€25k€21k▼

Taxes450/3€5k€5k=

Remuneration and social security454/9€20k€16k▼

Accrued charges and deferred income492/3€322€383▲

Income statement Code20232024

Remuneration, social security and pensions62€133k€65k▼

Other operating charges640/8€210€248▲

Gross operating margin9900€-231k€-363k▼

Operating profit (loss)9901€-365k€-428k▼

Financial income75/76B€1k€39k▲

Recurring financial income75€1k€39k▲

Financial charges65/66B€38k€22k▼

Recurring financial charges65€38k€22k▼

Profit (loss) for the period before taxes9903€-401k€-411k▼

Income taxes67/77€378€383▲

Profit (loss) for the period9904€-402k€-411k▼

Profit (loss) for the period to be appropriated9905€-402k€-411k▼

Appropriation of the result

Profit (loss) to be appropriated9906€-963k€-1.37M▼

Profit (loss) brought forward from the previous period14P€-562k€-963k▼

Social balance

Average headcount (FTE)90871.00.5▼

The notes to these accounts (1 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 12Financial 1Gazette 1Filings 10

2026

22-09

State Gazette act Director resignation

Director resignation1 fact ▸

Director resignation, Johan De Brauwer (director)

2025

11-07

NBB filing Annual accounts filed

fiscal year 2024 · full schema

2024

31-12

Financial Weakest financial yearnet €-411k

Net result drops to €-411k, the lowest in the series.

10-07

NBB filing Annual accounts filed

fiscal year 2023 · full schema

2023

22-06

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2022

01-07

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

2021

06-07

NBB filing Annual accounts filed

fiscal year 2020 · micro schema

2020

08-07

NBB filing Annual accounts filed

fiscal year 2019 · full schema

2019

28-06

NBB filing Annual accounts filed

fiscal year 2018 · micro schema

2018

25-06

NBB filing Annual accounts filed

fiscal year 2017 · full schema

2017

20-06

NBB filing Annual accounts filed

fiscal year 2016 · full schema

2016

22-06

NBB filing Annual accounts filed

fiscal year 2015 · full schema

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

no sitting director, no change since 2026

We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.

05-08-2026 Resigned as Director

Location & real-estate footprint

Registered office, Brussel · 1 establishment unit since 2000

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.

Vilvoordsesteenweg 111120 Brussel

Ground area

9,219 m²

Building footprint

6,759 m²

Volume, LiDAR