N-ZONE
ActiveSummary
N-ZONE has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.6m and a net result of €125,908. Equity is growing by ~23.2% per year across the filed fiscal years. Its solvency ranks better than 81% of 4188 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability73▲+4
Solvency94▼-6
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €190,000 at 30 days acceptable
Liquidity ample (current ratio 6.54 against 8.51 in 2024; short-term debt: 13.4% and cash: 11.6% of total assets), and 31.3% of the assets are financed with debt.
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Signals
Seven 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 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← 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
68.7%
Return on assets
3.4%
Age of the figures
9 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 31-12-2025 was due by 31-07-2026 and was filed on 02-09-2026, 33 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
33 d late
2024
1 d early
2023
8 d early
2022
29 d late
2021
18 d early
2020
61 d late
2019
69 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 24 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (2)
neutral · 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 monthsPosition in the running window
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€125,908
2024 · -€6,348
Working capital
€2.8m▲ 24.1%
2024 · €2.2m
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€61,092▲ 5.1%€38,061▼ 37.7%€32,928▼ 13.5%€2,582▼ 92.2%€109,160▲ 4,128%
Net result€27,296▼ 46.5%€32,754▲ 20.0%€25,257▼ 22.9%-€6,348€125,908
Equity€173,008▲ 5.9%€204,962▲ 18.5%€230,219▲ 12.3%€2.5m▲ 982%€2.6m▲ 3.0%
Total assets€676,422▲ 70.9%€853,479▲ 26.2%€1.1m▲ 30.1%€3.2m▲ 188%€3.7m▲ 16.8%
Debt€503,414▲ 117%€648,518▲ 28.8%€880,266▲ 35.7%€669,386▼ 24.0%€1.1m▲ 65.2%
Working capital€453,093▲ 201%€365,734▼ 19.3%€231,643▼ 36.7%€2.2m▲ 861%€2.8m▲ 24.1%
Staff (FTE)5.7▼ 17.4%8.8▲ 54.4%11.2▲ 27.3%18▲ 60.7%26.7▲ 48.3%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 4,128% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.7m
Fixed assets
€472,297 ▼ 29.9%
Current assets
€3.3m ▲ 29.3%
Equity and liabilities €3.7m
Equity
€2.6m ▲ 3.0%
Provisions
€62,114 ▲ 66.7%
Debt
€1.1m ▲ 65.2%
Debt's share of the balance-sheet total rises from 20.9% to 29.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€625,605▲
2024 · €100,105
Cash flow
€642,353▲
2024 · €91,175
Current ratio
6.54▼
2024 · 8.51
Quick ratio
6.43▼
2024 · 8.45
Debt to equity
0.43▲
2024 · 0.27
ROE
4.9%▲
2024 · -0.3%
ROA
3.4%▲
2024 · -0.2%
Interest coverage
54.60▲
2024 · 14.07
Debt ≤ 1 year
€499,161▲
2024 · €296,601
Debt > 1 year
€606,769▲
2024 · €372,785
Income taxes
€45,507▲
2024 · €10,791
Staff costs
€1.2m▲
2024 · €765,129
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €0 | - |
| Remuneration, social security and pensions62 | €240,095 | €356,901 | €482,335 | €765,129 | €1.2m | ▲ 53.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,568 | €12,438 | €38,858 | €97,523 | €516,445 | ▲ 430% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €24,794 | - | €9,525 | €7,207 | €37,500 | ▲ 420% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | - | €37,272 | - |
| Other operating charges640/8 | €1,048 | €738 | €1,224 | €804 | €3,153 | ▲ 292% |
| Gross operating margin9900 | €336,596 | €408,139 | €564,870 | €873,245 | €1.9m | ▲ 115% |
| Operating profit (loss)9901 | €61,092 | €38,061 | €32,928 | €2,582 | €109,160 | ▲ 4,128% |
| Financial income75/76B | €2 | €148 | €38 | €8,976 | €73,713 | ▲ 721% |
| Recurring financial income75 | €2 | €148 | €38 | €8,976 | €73,713 | ▲ 721% |
| Financial charges65/66B | €4,880 | €5,219 | €8,016 | €7,115 | €11,458 | ▲ 61.0% |
| Recurring financial charges65 | €4,880 | €5,219 | €8,016 | €7,115 | €11,458 | ▲ 61.0% |
| Profit (loss) for the period before taxes9903 | €56,214 | €32,990 | €24,949 | €4,443 | €171,415 | ▲ 3,758% |
| Income taxes67/77 | €28,918 | €237 | -€308 | €10,791 | €45,507 | ▲ 322% |
| Profit (loss) for the period9904 | €27,296 | €32,754 | €25,257 | -€6,348 | €125,908 | ▲ 2,083% |
| Profit (loss) for the period to be appropriated9905 | €27,296 | €32,754 | €25,257 | -€6,348 | €125,908 | ▲ 2,083% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €676,422 | €853,479 | €1.1m | €3.2m | €3.7m | ▲ 16.8% |
| Fixed assets21/28 | €34,322 | €147,724 | €378,297 | €673,622 | €472,297 | ▼ 29.9% |
| Intangible fixed assets21 | €240 | €110,340 | €347,055 | €648,710 | €447,358 | ▼ 31.0% |
| Tangible fixed assets22/27 | €33,399 | €36,701 | €29,358 | €23,028 | €23,056 | ▲ 0.1% |
| Land and buildings22 | €19,591 | €14,693 | €9,796 | €4,898 | - | - |
| Plant, machinery and equipment23 | €3,981 | €4,174 | €2,715 | €1,748 | €902 | ▼ 48.4% |
| Furniture and vehicles24 | €9,402 | €17,409 | €16,423 | €15,957 | €21,729 | ▲ 36.2% |
| Other tangible fixed assets26 | €425 | €425 | €425 | €425 | €425 | = |
| Financial fixed assets28 | €684 | €684 | €1,884 | €1,884 | €1,883 | ▼ 0.1% |
| Current assets29/58 | €642,100 | €705,756 | €732,187 | €2.5m | €3.3m | ▲ 29.3% |
| Stocks and contracts in progress3 | €8,800 | €12,437 | €18,220 | €17,646 | €52,224 | ▲ 196% |
| Stocks30/36 | €8,800 | €12,437 | €18,220 | €17,646 | €52,224 | ▲ 196% |
| Amounts receivable within one year40/41 | €239,893 | €493,551 | €479,959 | €1.3m | €2.2m | ▲ 70.0% |
| Trade receivables40 | €197,545 | €441,440 | €421,183 | €1.0m | €2.1m | ▲ 106% |
| Other amounts receivable41 | €42,348 | €52,111 | €58,776 | €257,543 | €72,465 | ▼ 71.9% |
| Current investments50/53 | - | - | - | €900,000 | €585,896 | ▼ 34.9% |
| Cash at bank and in hand54/58 | €389,001 | €189,095 | €213,559 | €321,761 | €432,956 | ▲ 34.6% |
| Deferred charges and accrued income490/1 | €4,405 | €10,672 | €20,450 | €452 | €8,311 | ▲ 1,739% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €676,422 | €853,479 | €1.1m | €3.2m | €3.7m | ▲ 16.8% |
| Equity10/15 | €173,008 | €204,962 | €230,219 | €2.5m | €2.6m | ▲ 3.0% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €2.1m | €2.1m | = |
| Capital10 | - | - | - | €2.1m | €2.1m | = |
| Issued capital100 | - | - | - | €2.1m | €2.1m | = |
| Reserves13 | €1,860 | €1,860 | €211,619 | €211,619 | €211,619 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | - | €209,759 | €209,759 | €209,759 | = |
| Profit (loss) carried forward14 | €152,548 | €184,502 | - | -€6,348 | €119,124 | ▲ 1,977% |
| Investment grants15 | - | - | - | €149,050 | €99,365 | ▼ 33.3% |
| Provisions and deferred taxes16 | - | - | - | €37,263 | €62,114 | ▲ 66.7% |
| Provisions for liabilities and charges160/5 | - | - | - | - | €37,272 | - |
| Other liabilities and charges164/5 | - | - | - | - | €37,272 | - |
| Deferred taxes168 | - | - | - | €37,263 | €24,842 | ▼ 33.3% |
| Amounts payable17/49 | €503,414 | €648,518 | €880,266 | €669,386 | €1.1m | ▲ 65.2% |
| Amounts payable after more than one year17 | €313,680 | €308,483 | €378,185 | €372,785 | €606,769 | ▲ 62.8% |
| Financial debts170/4 | €313,680 | €308,483 | €378,185 | €372,785 | €606,769 | ▲ 62.8% |
| Amounts payable within one year42/48 | €189,007 | €340,022 | €500,545 | €296,601 | €499,161 | ▲ 68.3% |
| Current portion of amounts payable after more than one year42 | €5,098 | €5,197 | €5,298 | €5,401 | €2,281 | ▼ 57.8% |
| Trade debts44 | €96,677 | €234,287 | €341,414 | €119,832 | €325,151 | ▲ 171% |
| Suppliers440/4 | €96,677 | €234,287 | €341,414 | €119,832 | €325,151 | ▲ 171% |
| Taxes, remuneration and social security45 | €66,236 | €76,736 | €131,532 | €149,466 | €164,009 | ▲ 9.7% |
| Taxes450/3 | €52,622 | €27,694 | €38,298 | €5,415 | €35,416 | ▲ 554% |
| Remuneration and social security454/9 | €13,613 | €49,043 | €93,234 | €144,051 | €128,593 | ▼ 10.7% |
| Other amounts payable47/48 | €20,996 | €23,802 | €22,301 | €21,902 | €7,720 | ▼ 64.8% |
| Accrued charges and deferred income492/3 | €728 | €13 | €1,536 | - | €1 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €27,296 | €32,754 | €25,257 | -€6,348 | €125,908 | ▲ 2,083% |
| + Depreciation and write-downs630 | €9,568 | €12,438 | €38,858 | €97,523 | €516,445 | ▲ 430% |
| Operating cash flow (approximation) | €36,863 | €45,192 | €64,115 | €91,175 | €642,353 | ▲ 605% |
| Investment in fixed assets (approximation) | - | -€125,840 | -€269,431 | -€392,848 | -€315,120 | ▲ 19.8% |
| Change in cash | - | -€199,906 | €24,463 | €108,202 | €111,195 | ▲ 2.8% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
02-09
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 33 days late
2025
31-12
Financial
Back to profitnet €125,908
Net result €125,908 after one loss-making year.
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Liquidity times 6current ratio 8.51
Current ratio from 1.46 to 8.51; short-term debt falls from €500,545 to €296,601.
31-12
Financial
Equity above €2mEq €2.5m ▲982%
Equity rises from €230,219 to €2.5m.
23-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
31-12
Financial
Equity above €200,000Eq €204,962 ▲18.5%
3 profitable years in a row build equity to €204,962.
13-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 61 days late
2020
31-12
Financial
Back to profitnet €51,051
Net result €51,051 after 2 loss-making years.
31-12
Financial
Equity above €150,000Eq €163,359 ▲45.5%
Equity rises from €112,309 to €163,359.
Show earlier events
08-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 69 days late
2019
20-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 20 days late
2018
21-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 21 days late
2017
21-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 21 days late
2014
11-09
State Gazette act
Incorporation · Founding capital
Corporate purpose · Founder
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 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, Sprimont · 2 establishment units since 2017
Ground area
2,504 m²
Building footprint
827 m²
Volume, LiDAR
4,940 m³
3 parcels, Wallonia · tallest building 16.8 m, ±4 floors. Linked by address, not a title deed.
2 establishment units
N-ZONE
since 20172.272.028.030
N-ZONE
since 20172.272.028.129
3 parcels
Wallonia
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62067F1069/00K000 | Wallonia | 1,238 m² | 1 · 106 m² | 6.9 m · 2 fl. |
| 62002D0006/00K000 ProtectedMonument |
Wallonia | 965 m² | 1 · 427 m² | 16.8 m · 4 fl. |
| 63002B0288/00A012 | Wallonia | 301 m² | 1 · 294 m² | - |
Linked by address, not proof of ownership
Good to know
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Public money · subsidies and aid
Wallonia-Brussels Federation
2024 · 1 entry · 12,000 EUR in total| Year | Entries | paid |
|---|---|---|
| 2024 | 1 | 12,000 EUR |
Budget allocations
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Of 2,103 companies in sector 47640 we hold annual accounts for 907. 249 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded13-03-2014
Fiscal year end31-12
Activities, NACEBEL 2025
47640Retail sale of games and toys
70200Business and other management consultancy
32400Other manufacturing
47781Retail sale of solid, liquid and gaseous fuels, excluding motor fuels
58290Other software publishing
59113Video and film production, excluding cinema and television films
62100Computer programming
82300Organisation of conventions and trade shows
90111Literary creation
90120Visual arts creation
93299Other amusement and recreation activities
Scores and ratios are computed by Checked and are not a credit decision.