ZIBI
ActiveSummary
ZIBI has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €108k and a net result of €-3k. Equity is growing by ~5.8% per year across the filed fiscal years. Its solvency ranks better than 61% of 27965 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability17▼-58
Solvency82▼-18
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
1.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity ample (current ratio 2.2 against 6.37 in 2024; short-term debt: 43.2% and cash: 1.5% of total assets), and 43.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 28-08-2026, 28 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
28 d late
2024
on the day
2023
48 d late
2022
153 d late
2021
114 d late
2020
101 d late
2019
332 d late
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-3k
2024 · €6k
2018: €627
2019: €34k▲ +5362% vs 2018highest in 8 years
2020: €23k▼ -32.4% vs 2019
2021: €16k▼ -30.2% vs 2020
2022: €9k▼ -46.9% vs 2021
2023: €-23k▼ -370% vs 2022lowest in 8 years
2024: €6k▲ +126% vs 2023
2025: €-3k▼ -148% vs 2024
2018 → 2025
Working capital
€99k▼ 8.3%
2024 · €108k
2018: €41k
2019: €62k▲ +48.5% vs 2018
2020: €39k▼ -36.9% vs 2019lowest in 8 years
2021: €78k▲ +102% vs 2020
2022: €106k▲ +34.7% vs 2021
2023: €100k▼ -5.1% vs 2022
2024: €108k▲ +7.8% vs 2023highest in 8 years
2025: €99k▼ -8.3% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€120k-€128k▲ 7.2%€105k▼ 18.1%€111k▲ 5.8%€108k▼ 2.6%
2021: €120k
2022: €128k▲ +7.2% vs 2021highest in 5 years
2023: €105k▼ -18.1% vs 2022lowest in 5 years
2024: €111k▲ +5.8% vs 2023
2025: €108k▼ -2.6% vs 2024
Operating result€25k-€14k▼ 43.2%€-22k€16k€-6k
2021: €25khighest in 5 years
2022: €14k▼ -43.2% vs 2021
2023: €-22k▼ -257% vs 2022lowest in 5 years
2024: €16k▲ +170% vs 2023
2025: €-6k▼ -135% vs 2024
Net result€16k-€9k▼ 46.9%€-23k€6k€-3k
2021: €16khighest in 5 years
2022: €9k▼ -46.9% vs 2021
2023: €-23k▼ -370% vs 2022lowest in 5 years
2024: €6k▲ +126% vs 2023
2025: €-3k▼ -148% vs 2024
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €6k after €16k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €190k
Fixed assets
€9k ▲ 205%
Current assets
€181k ▲ 41.5%
Equity and liabilities €190k
Equity
€108k ▼ 2.6%
Debt
€82k ▲ 309%
Debt's share of the balance-sheet total rises from 15.3% to 43.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-4k▼
2024 · €17k
Cash flow
€-1k▼
2024 · €8k
Current ratio
2.20▼
2024 · 6.37
Quick ratio
0.59▼
2024 · 3.05
Debt to equity
0.76▲
2024 · 0.18
ROE
-2.7%▼
2024 · 5.4%
ROA
-1.5%▼
2024 · 4.6%
Interest coverage
-10.22▼
2024 · 8.34
Debt ≤ 1 year
€82k▲
2024 · €20k
Income taxes
€-3k▼
2024 · €8k
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 · 45 lines
Balance sheet
Code20242025
Assets
Total assets20/58€131k€190k▲
Fixed assets21/28€3k€9k▲
Tangible fixed assets22/27€3k€9k▲
Plant, machinery and equipment23€3k€9k▲
Furniture and vehicles24€0€0=
Current assets29/58€128k€181k▲
Stocks and contracts in progress3€67k€132k▲
Stocks30/36-€39k
Contracts in progress37€67k€93k▲
Amounts receivable within one year40/41€58k€46k▼
Trade receivables40€52k€42k▼
Other amounts receivable41€6k€4k▼
Cash at bank and in hand54/58€3k€3k▼
Equity and liabilities
Total equity and liabilities10/49€131k€190k▲
Equity10/15€111k€108k▼
Contributions10/11€19k€19k=
Reserves13€52k€52k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€50k€50k=
Profit (loss) carried forward14€41k€38k▼
Amounts payable17/49€20k€82k▲
Amounts payable within one year42/48€20k€82k▲
Trade debts44€13k€9k▼
Suppliers440/4€13k€9k▼
Advances received on contracts in progress46-€485
Taxes, remuneration and social security45€7k€4k▼
Taxes450/3€7k€4k▼
Other amounts payable47/48-€69k
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€1k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-39k€579▲
Other operating charges640/8€3k-
Non-recurring operating charges66A€1k€984▼
Gross operating margin9900€-17k€-3k▲
Operating profit (loss)9901€16k€-6k▼
Financial income75/76B€320-
Recurring financial income75€320-
Financial charges65/66B€2k€402▼
Recurring financial charges65€2k€402▼
Profit (loss) for the period before taxes9903€14k€-6k▼
Income taxes67/77€8k€-3k▼
Profit (loss) for the period9904€6k€-3k▼
Profit (loss) for the period to be appropriated9905€6k€-3k▼
Appropriation of the result
Profit (loss) to be appropriated9906€41k€38k▼
Profit (loss) brought forward from the previous period14P€35k€41k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €29k | €24k | €18k | €2k | €1k | ▼ 19.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €67k | €-10k | €-39k | €579 | ▲ 101% |
| Other operating charges640/8 | €7k | €2k | €2k | €3k | - | - |
| Non-recurring operating charges66A | €2k | €1k | €1k | €1k | €984 | ▼ 29.3% |
| Gross operating margin9900 | €64k | €108k | €-12k | €-17k | €-3k | ▲ 85.2% |
| Operating profit (loss)9901 | €25k | €14k | €-22k | €16k | €-6k | ▼ 135% |
| Financial income75/76B | €970 | €1k | €3 | €320 | - | - |
| Recurring financial income75 | €970 | €1k | €3 | €320 | - | - |
| Financial charges65/66B | €347 | €611 | €482 | €2k | €402 | ▼ 80.8% |
| Recurring financial charges65 | €347 | €611 | €482 | €2k | €402 | ▼ 80.8% |
| Profit (loss) for the period before taxes9903 | €26k | €15k | €-23k | €14k | €-6k | ▼ 143% |
| Income taxes67/77 | €10k | €6k | €383 | €8k | €-3k | ▼ 139% |
| Profit (loss) for the period9904 | €16k | €9k | €-23k | €6k | €-3k | ▼ 148% |
| Profit (loss) for the period to be appropriated9905 | €16k | €9k | €-23k | €6k | €-3k | ▼ 148% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €204k | €215k | €120k | €131k | €190k | ▲ 45.2% |
| Fixed assets21/28 | €41k | €22k | €5k | €3k | €9k | ▲ 205% |
| Tangible fixed assets22/27 | €41k | €22k | €5k | €3k | €9k | ▲ 205% |
| Plant, machinery and equipment23 | €1k | €6k | €4k | €3k | €9k | ▲ 205% |
| Furniture and vehicles24 | €40k | €17k | €724 | €0 | €0 | - |
| Current assets29/58 | €162k | €192k | €115k | €128k | €181k | ▲ 41.5% |
| Stocks and contracts in progress3 | - | - | - | €67k | €132k | ▲ 97.9% |
| Stocks30/36 | - | - | - | - | €39k | - |
| Contracts in progress37 | - | - | - | €67k | €93k | ▲ 39.0% |
| Amounts receivable within one year40/41 | €29k | €54k | €34k | €58k | €46k | ▼ 20.8% |
| Trade receivables40 | €12k | €30k | €27k | €52k | €42k | ▼ 19.2% |
| Other amounts receivable41 | €17k | €24k | €7k | €6k | €4k | ▼ 33.9% |
| Cash at bank and in hand54/58 | €133k | €138k | €82k | €3k | €3k | ▼ 9.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €204k | €215k | €120k | €131k | €190k | ▲ 45.2% |
| Equity10/15 | €120k | €128k | €105k | €111k | €108k | ▼ 2.6% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Capital10 | €19k | €19k | - | - | - | - |
| Issued capital100 | €19k | €19k | - | - | - | - |
| Reserves13 | €52k | €52k | €52k | €52k | €52k | = |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Legal reserve130 | €2k | €2k | - | - | - | - |
| Reserves not available under the articles1311 | - | - | €2k | €2k | €2k | = |
| Distributable reserves133 | €50k | €50k | €50k | €50k | €50k | = |
| Profit (loss) carried forward14 | €49k | €58k | €35k | €41k | €38k | ▼ 7.2% |
| Amounts payable17/49 | €84k | €87k | €15k | €20k | €82k | ▲ 309% |
| Amounts payable within one year42/48 | €84k | €87k | €15k | €20k | €82k | ▲ 309% |
| Trade debts44 | €8k | €13k | €10k | €13k | €9k | ▼ 31.7% |
| Suppliers440/4 | €8k | €13k | €10k | €13k | €9k | ▼ 31.7% |
| Advances received on contracts in progress46 | €58k | €59k | - | - | €485 | - |
| Taxes, remuneration and social security45 | €17k | €15k | €5k | €7k | €4k | ▼ 43.1% |
| Taxes450/3 | €17k | €15k | €5k | €7k | €4k | ▼ 43.1% |
| Other amounts payable47/48 | - | - | - | - | €69k | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €16k | €9k | €-23k | €6k | €-3k | ▼ 148% |
| + Depreciation and write-downs630 | €29k | €24k | €18k | €2k | €1k | ▼ 19.6% |
| Operating cash flow (approximation) | €46k | €33k | €-5k | €8k | €-1k | ▼ 119% |
| Investment in fixed assets (approximation) | - | €-5k | €0 | €0 | €-8k | - |
| Change in cash | - | €4k | €-56k | €-79k | €-293 | ▲ 99.6% |
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
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €6k
Net result €6k after one loss-making year.
17-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 48 days late
2023
31-12
Financial
Weakest financial yearnet €-23k
Net result drops to €-23k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity triplescurrent ratio 7.63
Current ratio from 2.22 to 7.63; short-term debt falls from €87k to €15k.
31-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 153 days late
2022
22-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 114 days late
2021
09-11
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 101 days late
28-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 332 days late
2020
31-12
Financial
Equity above €100kEq €103k ▲28.9%
3 profitable years in a row build equity to €103k.
2019
31-12
Financial
Highest result since 2018net €34k ▲5,362%
Operating result €43k, net result €34k, both a record.
Show earlier events
30-09
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 61 days late
2018
06-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 37 days late
2017
24-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 24 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 10 acts read
About the unread acts
We know of 10 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
10 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, Schaarbeek · 1 establishment unit since 2003
Ground area
235 m²
Building footprint
91 m²
Volume, LiDAR
835 m³
Parcel 21904B0421/00L003, Brussels · tallest building 13.1 m, ±4 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
SPRL ZIBI
since 20032.134.917.837
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21904B0421/00L003 | Brussels | 235 m² | 1 · 91 m² | 13.1 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
A.D.V. BERTA & CO
BE 0459.973.901
Oudergem · Eq €108,418
Vars Company
BE 0729.735.948
Gent · Eq €108,425
KUNNEN P. ZANDSTRAALSERVICE
BE 0440.330.708
Kinrooi · Eq €108,426
FT GLOBAL
BE 0745.443.812
Sint-Pieters-Leeuw · Eq €107,563
MKCLEAN
BE 0836.073.682
Etterbeek · Eq €107,518
Of 7,289 companies in sector 43350 we hold annual accounts for 2,362. 1,967 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded10-07-2003
Fiscal year end31-12
Activities, NACEBEL 2025
43350Other building finishing work
Scores and ratios are computed by Checked and are not a credit decision.