Zeal Construct

Active

Private limited companyfounded 20206 yrs activeHeusdensteenweg 38, 9230 Wetteren, BelgiumKBO/BCE: BE 0752.619.931

Summary

The computed 12-month bankruptcy probability of Zeal Construct is 3.0% (moderate). The 2025 annual accounts show negative equity (€-5k) and a net result of €-28k. Equity is shrinking by ~16.4% per year across the filed fiscal years. Its solvency ranks better than 9% of 2179 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2025

21 / 100

Critical

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

Axes · tick = 2024

Profitability0▼-40

Solvency18▼-25

Growth32▼-20

Track record100

Bankruptcy probability, 12 months

3.0% Moderate

0%0.5%1.5%4%10%≥ 25%

No credit on open account

Liquidity short (current ratio 0.34 against 0.87 in 2024; short-term debt: 91.1% and cash: 0.1% 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

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

+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate sector

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

Gazette · bankruptcies per sector, NACE 41

Relative position

BE, all sectors

reference

Sector 41

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 2025

Solvency, return and age of the figures

Solvency

-6.8%

Return on assets

-38%

Age of the figures

9 mo

Negative equity

The 2025 annual accounts show negative equity and a net loss.

NBB · annual accounts 2025

Equity per financial year

2122232425

2021 to 2025 · latest year €-5k

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 17-07-2026, 14 days ahead of the deadline.

NBB · 5 filings

Deviation from the deadline

2025

14 d early

2024

15 d early

2023

30 d early

2022

17 d early

2021

33 d late

← before the deadline after the deadline →

Checked, nothing found (2)

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 months

Position in the running window

24-09-2026 today31-12-2026 close31-07-2027 deadline

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 2025, abbreviated schema

Equity

€-5k

2024 · €23k

2021: €21k 2022: €24k 2023: €19k 2024: €23k

2021 → 2025

Total assets

€73k▼ 41.8%

2024 · €125k

2021: €280k 2022: €528k 2023: €551k 2024: €125k

2021 → 2025

Net result

€-28k

2024 · €4k

2021: €6k 2022: €4k 2023: €-6k 2024: €4k

2021 → 2025

Working capital

€-44k▼ 337%

2024 · €-10k

2021: €21k 2022: €-23k 2023: €-35k 2024: €-10k

2021 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Equity€21k-€24k▲ 17.9%€19k▼ 23.6%€23k▲ 22.3%€-5k

Operating result€11k-€14k▲ 23.5%€-2k€6k€-26k

Net result€6k-€4k▼ 34.2%€-6k€4k€-28k

Turnover and EBIT margin not published: the abbreviated schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result turns negative in 2025: a loss of €26k after €6k in 2024, the lowest result in the available series.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €73k

68.9%

31.1%

Fixed assets €50k ▼ 15.9%

Current assets €23k ▼ 65.5%

Key figures and ratios

2025 value · change against 2024

EBITDA

€-16k▼

2024 · €15k

Cash flow

€-18k▼

2024 · €14k

Solvency

-6.8%▼

2024 · 18.2%

Current ratio

0.34▼

2024 · 0.87

Quick ratio

0.07▼

2024 · 0.63

Debt to equity

-15.80▼

2024 · 4.51

ROA

-38.0%▼

2024 · 3.3%

Interest coverage

-7.76▼

2024 · 2.06

Debt

€78k▼

2024 · €102k

Debt ≤ 1 year

€66k▼

2024 · €75k

Debt > 1 year

€11k▼

2024 · €27k

Staff costs

€5k▼

2024 · €91k

Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Filed annual accounts As filed with the NBB · 2025 against 2024 · 48 lines

Balance sheet Code20242025

Assets

Total assets20/58€125k€73k▼

Fixed assets21/28€60k€50k▼

Tangible fixed assets22/27€60k€50k▼

Plant, machinery and equipment23€60k€50k▼

Leasing and similar rights25€0-

Current assets29/58€65k€23k▼

Stocks and contracts in progress3€18k€18k=

Contracts in progress37€18k€18k=

Amounts receivable within one year40/41€47k€4k▼

Trade receivables40€1k€1k▲

Other amounts receivable41€46k€3k▼

Cash at bank and in hand54/58€15€48▲

Deferred charges and accrued income490/1€0-

Equity and liabilities

Total equity and liabilities10/49€125k€73k▼

Equity10/15€23k€-5k▼

Contributions10/11€15k€15k=

Reserves13€8k€0▼

Distributable reserves133€8k€0▼

Profit (loss) carried forward14-€-20k

Amounts payable17/49€102k€78k▼

Amounts payable after more than one year17€27k€11k▼

Financial debts170/4€27k€11k▼

Amounts payable within one year42/48€75k€66k▼

Current portion of amounts payable after more than one year42€23k€9k▼

Trade debts44€14k€955▼

Suppliers440/4€14k€955▼

Advances received on contracts in progress46€22k€26k▲

Taxes, remuneration and social security45€7k€1k▼

Taxes450/3€6k€0▼

Remuneration and social security454/9€1k€1k=

Other amounts payable47/48€9k€29k▲

Accrued charges and deferred income492/3€21€0▼

Income statement Code20242025

Remuneration, social security and pensions62€91k€5k▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€9k=

Other operating charges640/8€7k€163▼

Gross operating margin9900€113k€-11k▼

Operating profit (loss)9901€6k€-26k▼

Financial income75/76B€6k€183▼

Recurring financial income75€6k€183▼

Financial charges65/66B€7k€2k▼

Recurring financial charges65€7k€2k▼

Profit (loss) for the period before taxes9903€4k€-28k▼

Profit (loss) for the period9904€4k€-28k▼

Profit (loss) for the period to be appropriated9905€4k€-28k▼

Appropriation of the result

Profit (loss) to be appropriated9906€4k€-28k▼

Transfer from equity791/2€0€8k▲

Transfer to equity691/2€4k€0▼

To other reserves6921€4k€0▼

The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Download as CSV

Timeline · acts, filings and financial milestones

All 7Financial 2Filings 5

Next filing, fiscal year 2026, expected by 31-07-2027

2026

17-07

NBB filing Annual accounts filed

fiscal year 2025 · abbreviated schema

2025

31-12

Financial Weakest financial yearnet €-28k ▼767%

Net result drops to €-28k, the lowest in the series.

16-07

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema

2024

31-12

Financial Back to profitnet €4k

Net result €4k after one loss-making year.

01-07

NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema

2023

14-07

NBB filing Annual accounts filed

fiscal year 2022 · abbreviated schema

2022

02-09

NBB filing Annual accounts filed

fiscal year 2021 · abbreviated schema · 33 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

1 act for this company is 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, Wetteren · 1 establishment unit since 2020

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.

Heusdensteenweg 389230 Wetteren

Ground area

1,264 m²

Building footprint

182 m²

Volume, LiDAR

973 m³

Parcel 42025A0050/00T000, Flanders · tallest building 9.6 m, ±2 floors. Linked by address, not a title deed.

1 establishment unit

Zeal Construct

Heusdensteenweg 38, 9230 WetterenGeneral construction of buildings

since 20202.306.847.664

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
42025A0050/00T000	Flanders	1,264 m²	1 · 181 m²	9.6 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.

Recognitions · licences · registrations

Recognised contractor

3 categories

Zeal Construct BV42615

category D, class 1 · category D1, class 1 · category G5, class 1

decision 13-03-2023

Similar companies · same sector, comparable size

ADU CONSTRUCT

BE 0774.680.008

Kraainem · Eq €22,686

Maasmechelen · Eq €22,695

Patrick Poelman

BE 0446.973.624

Merelbeke-Melle · Eq €22,679

PIERRE SIBILLE CONSTRUCTIONS

BE 0895.147.870

Florennes · Eq €22,678

Of 29,797 companies in sector 41001 we hold annual accounts for 16,049. 11,855 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded14-08-2020

Fiscal year end31-12

Activities, NACEBEL 2025

41001General construction of residential buildings

43110Demolition

43410Roofing work

Sources

Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers

Scores and ratios are computed by Checked and are not a credit decision.