ZARMA
ActiveZARMA has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €449k and a net result of €68k. Equity is growing by ~11.8% per year across the filed fiscal years. Its solvency ranks better than 66% of 14038 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
81
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability78▲+3
Solvency76▲+7
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity tight (current ratio 1.19 against 0.85 in 2024; short-term debt: 10.4% and cash: 12% of total assets), and 48.8% 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 68
Relative position
BE, all sectors
reference
Sector 68
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
51.2%
Return on assets
7.8%
Age of the figures
12 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 · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 28-11-2025, 153 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
153 d early
2024
141 d early
2023
139 d early
2022
135 d early
2021
131 d early
2020
135 d early
2019
133 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
20-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€449k▲ 17.9%
2024 · €381k
2018: €210k
2019: €223k
2020: €238k
2021: €268k
2022: €322k
2023: €335k
2024: €381k
2018 → 2025
Total assets
€876k▲ 1.4%
2024 · €864k
2018: €1.10M
2019: €1.07M
2020: €1.05M
2021: €936k
2022: €928k
2023: €875k
2024: €864k
2018 → 2025
Net result
€68k▲ 50.1%
2024 · €45k
2018: €8k
2019: €14k
2020: €15k
2021: €30k
2022: €54k
2023: €14k
2024: €45k
2018 → 2025
Working capital
€17k
2024 · €-13k
2018: €-291k
2019: €-252k
2020: €-224k
2021: €-252k
2022: €-213k
2023: €-39k
2024: €-13k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€268k-€322k▲ 20.1%€335k▲ 4.2%€381k▲ 13.6%€449k▲ 17.9%
Operating result€43k-€72k▲ 67.4%€21k▼ 70.4%€77k▲ 260%€107k▲ 38.9%
Net result€30k-€54k▲ 80.9%€14k▼ 74.7%€45k▲ 234%€68k▲ 50.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 39% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €876k
Fixed assets
€768k▼ 3.0%
Current assets
€108k▲ 48.4%
Equity and liabilities €876k
Equity
€449k▲ 17.9%
Debt
€427k▼ 11.6%
The debt ratio falls from 56.0% to 48.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€151k▲
2024 · €119k
Cash flow
€112k▲
2024 · €87k
Solvency
51.2%▲
2024 · 44.0%
Current ratio
1.19▲
2024 · 0.85
Quick ratio
1.19▲
2024 · 0.85
Debt / equity
0.95▼
2024 · 1.27
ROE
15.2%▲
2024 · 11.9%
ROA
7.8%▲
2024 · 5.3%
Interest coverage
10.86▲
2024 · 7.91
Debt
€427k▼
2024 · €484k
Debt ≤ 1 year
€91k▲
2024 · €86k
Debt > 1 year
€335k▼
2024 · €397k
Income taxes
€26k▲
2024 · €17k
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€864k€876k▲
Fixed assets21/28€791k€768k▼
Tangible fixed assets22/27€791k€768k▼
Land and buildings22€276k€255k▼
Plant, machinery and equipment23-€14k
Other tangible fixed assets26€515k€498k▼
Current assets29/58€73k€108k▲
Amounts receivable within one year40/41€0-
Trade receivables40€0-
Other amounts receivable41€0-
Current investments50/53€0-
Cash at bank and in hand54/58€72k€105k▲
Deferred charges and accrued income490/1€1k€3k▲
Equity and liabilities
Total equity and liabilities10/49€864k€876k▲
Equity10/15€381k€449k▲
Contributions10/11€60k€60k=
Reserves13€317k€386k▲
Tax-exempt reserves132€51k€51k=
Distributable reserves133€266k€335k▲
Profit (loss) carried forward14€3k€3k=
Amounts payable17/49€484k€427k▼
Amounts payable after more than one year17€397k€335k▼
Financial debts170/4€217k€155k▼
Other amounts payable178/9€180k€180k=
Amounts payable within one year42/48€86k€91k▲
Current portion of amounts payable after more than one year42€61k€61k▲
Trade debts44€1k€2k▲
Suppliers440/4€1k€2k▲
Taxes, remuneration and social security45€4k€10k▲
Taxes450/3€4k€10k▲
Remuneration and social security454/9€0-
Other amounts payable47/48€21k€17k▼
Accrued charges and deferred income492/3€819€843▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€41k€44k▲
Other operating charges640/8€3k€3k▼
Gross operating margin9900€122k€154k▲
Operating profit (loss)9901€77k€107k▲
Financial income75/76B€59€185▲
Recurring financial income75€59€185▲
Financial charges65/66B€15k€14k▼
Recurring financial charges65€15k€14k▼
Profit (loss) for the period before taxes9903€62k€94k▲
Income taxes67/77€17k€26k▲
Profit (loss) for the period9904€45k€68k▲
Profit (loss) for the period to be appropriated9905€45k€68k▲
Appropriation of the result
Profit (loss) to be appropriated9906€49k€71k▲
Profit (loss) brought forward from the previous period14P€3k€3k=
Transfer to equity691/2€45k€68k▲
To other reserves6921€45k€68k▲
The notes to these accounts (9 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
2025
28-11
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
30-09
Financial
Highest result since 2018net €68k ▲50.1%
Operating result €107k, net result €68k, both a record.
2024
10-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
13-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
16-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
20-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
16-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2019
19-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
11-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
14-12
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
25-11
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.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Kortemark · 1 establishment unit since 2008
Ground area
5,337 m²
Building footprint
168 m²
Volume, LiDAR
1,024 m³
Parcel 32027A0720/00E000, Flanders · tallest building 9.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ZARMA
since 20082.173.402.982
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 32027A0720/00E000 | Flanders | 5,337 m² | 1 · 168 m² | 9.2 m · 2 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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XAVIER PIERLET
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Gisiam Invest
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Of 7,321 companies in sector 68110 we hold annual accounts for 5,381. 3,717 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded26-09-2008
Fiscal year end30-09
Activities, NACEBEL
68110Buying and selling of own real estate
68121Development of residential building projects
68122Development of non-residential building projects
Sources
Crossroads Bank for EnterprisesNational Bank · 17 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.