Z33
ActiveZ33 has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.41M and a net result of €-69k. Equity is shrinking by ~5.1% per year across the filed fiscal years. Its solvency ranks better than 77% of 65 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-33
Solvency100=
Growth55=
Stability100
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €60k at 30 days only on tighter terms
Liquidity ample (current ratio 3.21 against 5.92 in 2024), and 27.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Sector 82
lower
← 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
72.4%
Return on assets
-3.5%
Age of the figures
8 mo
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 28-04-2026, 94 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
94 d early
2024
130 d early
2023
7 d late
2022
130 d early
2021
122 d early
2020
123 d early
2019
87 d early
← before the deadline
after the deadline →
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
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€1.02M▲ 127%
2024 · €450k
2018: €89k
2019: €170k
2020: €53k
2021: €165k
2022: €369k
2023: €417k
2024: €450k
2018 → 2025
EBIT margin
-12.2%▼ 5.9pp
2024 · -6.2%
2018: 689.1%
2019: 288.3%
2020: 279.6%
2021: -20.0%
2022: -139.4%
2023: -17.9%
2024: -6.2%
2018 → 2025
Net result
€-69k
2024 · €11k
2018: €608k
2019: €579k
2020: €275k
2021: €84k
2022: €-468k
2023: €-36k
2024: €11k
2018 → 2025
Working capital
€682k▼ 40.2%
2024 · €1.14M
2018: €1.70M
2019: €1.70M
2020: €1.71M
2021: €1.99M
2022: €1.47M
2023: €1.16M
2024: €1.14M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€165k-€369k▲ 124%€417k▲ 13.1%€450k▲ 7.8%€1.02M▲ 127%
Equity€2.17M-€1.65M▼ 24.0%€1.57M▼ 4.7%€1.54M▼ 1.9%€1.41M▼ 8.2%
Operating result€-33k-€-514k▼ 1,460%€-75k▲ 85.5%€-28k▲ 62.4%€-124k▼ 342%
Net result€84k-€-468k€-36k▲ 92.2%€11k€-69k
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 €124k in 2025 against €28k in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.95M
Fixed assets
€960k▲ 60.8%
Current assets
€991k▼ 27.7%
Equity and liabilities €1.95M
Equity
€1.41M▼ 8.2%
Debt
€539k▲ 25.6%
The debt ratio rises from 21.8% to 27.6%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€-13k▼
2024 · €54k
Cash flow
€42k▼
2024 · €93k
Solvency
72.4%▼
2024 · 78.2%
Current ratio
3.21▼
2024 · 5.92
Quick ratio
3.21▼
2024 · 5.92
Debt / equity
0.38▲
2024 · 0.28
ROE
-4.9%▼
2024 · 0.7%
ROA
-3.5%▼
2024 · 0.5%
Interest coverage
-4.93▼
2024 · 27.16
Debt
€539k▲
2024 · €429k
Debt ≤ 1 year
€309k▲
2024 · €231k
Staff costs
€1.77M▲
2024 · €1.60M
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€1.97M€1.95M▼
Fixed assets21/28€597k€960k▲
Tangible fixed assets22/27€482k€841k▲
Plant, machinery and equipment23€45k€109k▲
Furniture and vehicles24€123k€132k▲
Other tangible fixed assets26€315k€601k▲
Financial fixed assets28€115k€119k▲
Current assets29/58€1.37M€991k▼
Amounts receivable within one year40/41€612k€718k▲
Trade receivables40€216k€375k▲
Other amounts receivable41€396k€342k▼
Cash at bank and in hand54/58€745k€263k▼
Deferred charges and accrued income490/1€14k€10k▼
Equity and liabilities
Total equity and liabilities10/49€1.97M€1.95M▼
Equity10/15€1.54M€1.41M▼
Reserves13€978k€983k▲
Profit (loss) carried forward14€74k€0▼
Investment grants15€487k€429k▼
Amounts payable17/49€429k€539k▲
Amounts payable within one year42/48€231k€309k▲
Trade debts44€67k€87k▲
Suppliers440/4€67k€87k▲
Taxes, remuneration and social security45€164k€222k▲
Taxes450/3€9k€27k▲
Remuneration and social security454/9€155k€194k▲
Accrued charges and deferred income492/3€197k€230k▲
Income statement
Code20242025
Turnover70€450k€1.02M▲
Goods, raw materials, services and sundry goods60/61-€1.95M
Remuneration, social security and pensions62€1.60M€1.77M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€82k€111k▲
Other operating charges640/8€49k€42k▼
Non-recurring operating charges66A€4k-
Gross operating margin9900€1.71M€1.80M▲
Operating profit (loss)9901€-28k€-124k▼
Financial income75/76B€41k€58k▲
Recurring financial income75€41k€58k▲
Financial charges65/66B€2k€3k▲
Recurring financial charges65€2k€3k▲
Profit (loss) for the period before taxes9903€11k€-69k▼
Profit (loss) for the period9904€11k€-69k▼
Profit (loss) for the period to be appropriated9905€11k€-69k▼
Appropriation of the result
Profit (loss) to be appropriated9906€74k€5k▼
Profit (loss) brought forward from the previous period14P€64k€74k▲
To contributions691-€5k
Social balance
Average headcount (FTE)908720.823.9▲
The notes to these accounts (8 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
28-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
23-03
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Back to profitnet €11k
Net result €11k after 2 loss-making years.
07-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 7 days late
2023
23-03
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Weakest financial yearnet €-468k ▼657%
Net result drops to €-468k, the lowest in the series; recovery starts the following year.
31-03
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-03
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
05-05
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Equity above €2MEq €2.07M ▲30.8%
2 profitable years in a row build equity to €2.07M.
09-04
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 12 acts read
About the unread acts
We know of 12 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
no sitting director, last change in 2025
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.
27-11-2025
VANDEREYKEN Dietrich: Resigned as Director
25-11-2024
BERBEN Johan: Resigned as Director
25-11-2024
VANDERSMISSEN Emmy: Resigned as Director
03-07-2024
CHRISTIAENS An: Resigned as Director
01-05-2024
JEURISSEN Dimitri: Resigned as Director
17-09-2023
DONCKIER DE DONCEEL Eric: Resigned as Director
13-10-2022
DECONINCK Koen: Resigned as Director
31-07-2022
QUANTEN Francine: Resigned as Director
31-10-2021
BERBEN Johan: Resigned as Director
31-10-2021
JEURISSEN Dimitri: Resigned as Director
31-10-2021
Chantal Coppens: Resigned as Director
31-10-2021
DE VOS Bart: Resigned as Director
31-10-2021
Dirk Van den Bosch: Resigned as Director
31-10-2021
Freya Konings: Resigned as Director
31-10-2021
Gilbert Van Baelen: Resigned as Director
31-10-2021
Grafe Christoph: Resigned as Director
31-10-2021
Saartje Vereecke: Resigned as Director
31-10-2021
Tijs Posen: Resigned as Director
29-01-2019
Stad Genk: Resigned as Director
07-09-2018
Valerie Del Re: Resigned as Director
Not every act has been read: a resignation may be missing here
12 of this company's 12 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Hasselt · 1 establishment unit since 2018
Ground area
2,470 m²
Building footprint
2,250 m²
Parcel 71022H1481/00B000, Flanders. Linked by address, not a title deed.
1 establishment unit
Z33
since 20182.271.041.006
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71022H1481/00B000 | Flanders | 2,470 m² | 1 · 2,250 m² | - |
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.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Public money · subsidies and aid
Flemish government
2022 to 2025 · 9 entries · 544,738 EUR awarded · 544,738 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 118,661 EUR | 118,661 EUR |
| 2024 | 3 | 137,143 EUR | 137,143 EUR |
| 2023 | 3 | 148,826 EUR | 288,934 EUR |
| 2022 | 1 | 140,108 EUR | 0 EUR |
Schemes
Cultuur: Tewerkstellingssubsidie voor een organisatie in het culturele veld volgens de Vlaamse Intersectorale Akkoorden (VIA) (Decreet Vlaamse Intersectorale Akkoorden 2004)
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
Vlaams opleidingsverlof (VOV)
European Union, budget
2022 · 1 entry · 65,020 EUR in total| Year | Entries | awarded |
|---|---|---|
| 2022 | 1 | 65,020 EUR |
Projects
101053095 - LEARN-A - ARCHITECTURES OF LEARNING
Recognitions · licences · registrations
Food safety, FASFC
1 siteHasselt2.271.041.006
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Of 4,556 companies in sector 82300 we hold annual accounts for 1,662. 635 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formNon-profit association
Founded05-10-2017
Fiscal year end31-12
Activities, NACEBEL
82300Organisation of conventions and trade shows
91020Libraries, archives, museums and other cultural activities
91210Libraries, archives, museums and other cultural activities
47610Retail trade
47690Retail sale of other cultural and recreation goods
47787Retail trade
56210Event catering
70200Business and other management consultancy
70220Business consulting
90202Performing arts by artistic ensembles
90021Arts creation and performing arts activities
90312Arts creation and performing arts activities
90391Promotion and organisation of arts and performing arts events
Sources
Crossroads Bank for EnterprisesNational Bank · 8 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.