Zilvarco
ActiveSummary
Zilvarco has been active since 1969 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €621k and a net result of €5k. Equity remains stable across the filed fiscal years (±2.3% per year). Its solvency ranks better than 61% of 3121 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
76
/ 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
Profitability68▲+15
Solvency70▲+7
Growth52=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45k at 30 days acceptable
Liquidity short (current ratio 0.2 against 0.08 in 2024; short-term debt: 5.8% and cash: 1.1% of total assets), and 55% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five 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 01
Relative position
BE, all sectors
reference
Sector 01
lower
← 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
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
45%
Return on assets
0.4%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €621k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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
31 d late
2024
54 d late
2023
29 d late
2022
30 d late
2021
24 d late
2020
31 d late
2019
5 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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€621k▲ 13.2%
2024 · €549k
2018: €488k
2019: €483k
2020: €596k
2021: €583k
2022: €570k
2023: €556k
2024: €549k
2018 → 2025
Total assets
€1.38M▼ 3.9%
2024 · €1.44M
2018: €1.61M
2019: €1.53M
2020: €1.53M
2021: €1.47M
2022: €1.38M
2023: €1.50M
2024: €1.44M
2018 → 2025
Net result
€5k
2024 · €-7k
2018: €7k
2019: €-5k
2020: €59k
2021: €11k
2022: €10k
2023: €-14k
2024: €-7k
2018 → 2025
Working capital
€-64k▲ 7.9%
2024 · €-70k
2018: €-120k
2019: €-138k
2020: €69k
2021: €68k
2022: €63k
2023: €-58k
2024: €-70k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€583k-€570k▼ 2.3%€556k▼ 2.4%€549k▼ 1.2%€621k▲ 13.2%
Operating result€-13k-€-12k▲ 1.5%€-9k▲ 25.7%€4k€27k▲ 619%
Net result€11k-€10k▼ 11.0%€-14k€-7k▲ 53.0%€5k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 619% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.38M
Fixed assets
€1.36M ▼ 4.6%
Current assets
€16k ▲ 156%
Equity and liabilities €1.38M
Equity
€621k ▲ 13.2%
Provisions
€105k ▼ 41.6%
Debt
€653k ▼ 7.7%
Debt's share of the balance-sheet total falls from 49.3% to 47.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€93k▲
2024 · €73k
Cash flow
€71k▲
2024 · €63k
Current ratio
0.20▲
2024 · 0.08
Debt to equity
1.05▼
2024 · 1.29
ROE
0.8%▲
2024 · -1.2%
ROA
0.4%▲
2024 · -0.5%
Interest coverage
5.81▲
2024 · 4.22
Debt ≤ 1 year
€80k▲
2024 · €76k
Debt > 1 year
€573k▼
2024 · €632k
Income taxes
€13k▲
2024 · €7k
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 · 50 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.44M€1.38M▼
Fixed assets21/28€1.43M€1.36M▼
Tangible fixed assets22/27€1.43M€1.36M▼
Land and buildings22€1.43M€1.36M▼
Furniture and vehicles24€333€0▼
Current assets29/58€6k€16k▲
Amounts receivable within one year40/41€0€179▲
Trade receivables40€0-
Other amounts receivable41-€179
Cash at bank and in hand54/58€6k€16k▲
Deferred charges and accrued income490/1€0-
Equity and liabilities
Total equity and liabilities10/49€1.44M€1.38M▼
Equity10/15€549k€621k▲
Contributions10/11€130k€130k=
Revaluation surpluses12€30k€30k=
Reserves13€389k€461k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€269k€314k▲
Distributable reserves133€119k€146k▲
Provisions and deferred taxes16€179k€105k▼
Deferred taxes168€179k€105k▼
Amounts payable17/49€708k€653k▼
Amounts payable after more than one year17€632k€573k▼
Financial debts170/4€632k€573k▼
Amounts payable within one year42/48€76k€80k▲
Current portion of amounts payable after more than one year42€58k€58k▲
Trade debts44€7k€2k▼
Suppliers440/4€7k€2k▼
Taxes, remuneration and social security45€4k€11k▲
Taxes450/3€4k€11k▲
Other amounts payable47/48€7k€9k▲
Accrued charges and deferred income492/3€0-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€69k€66k▼
Other operating charges640/8€5k€7k▲
Gross operating margin9900€78k€100k▲
Operating profit (loss)9901€4k€27k▲
Financial income75/76B€167€53▼
Recurring financial income75€167€53▼
Financial charges65/66B€17k€16k▼
Recurring financial charges65€17k€16k▼
Profit (loss) for the period before taxes9903€-13k€11k▲
Transfer from deferred taxes780€14k€7k▼
Income taxes67/77€7k€13k▲
Profit (loss) for the period9904€-7k€5k▲
Transfer from tax-exempt reserves789€20k€22k▲
Profit (loss) for the period to be appropriated9905€14k€27k▲
Appropriation of the result
Profit (loss) to be appropriated9906€14k€27k▲
Transfer to equity691/2€14k€27k▲
To other reserves6921€14k€27k▲
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
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Back to profitnet €5k
Net result €5k after 2 loss-making years.
23-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 54 days late
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-12
Financial
Weakest financial yearnet €-14k ▼241%
Net result drops to €-14k, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
24-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 24 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Back to profitnet €59k
Net result €59k after one loss-making year.
31-12
Financial
Liquidity times 16current ratio 2.14
Current ratio from 0.13 to 2.14; short-term debt falls from €159k to €60k.
31-12
Financial
Equity above €500kEq €596k ▲23.4%
Equity rises from €483k to €596k.
05-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 5 days late
Show earlier events
2019
30-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 61 days late
2018
07-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Zonnebeke · 1 establishment unit since 1969
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.
Statiestraat 408980 ZonnebekeGround area
1,070 m²
Building footprint
240 m²
Volume, LiDAR
1,630 m³
Parcel 33019C0041/00K004, Flanders · tallest building 12.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Statiestraat 40, 8980 Zonnebeke
since 19692.002.541.343
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 33019C0041/00K004 | Flanders | 1,070 m² | 1 · 239 m² | 12.6 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
Food safety, FASFC
1 siteZonnebeke2.002.541.343
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Of 5,167 companies in sector 01110 we hold annual accounts for 612. 462 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
Founded28-04-1969
Fiscal year end31-12
Activities, NACEBEL 2025
01110Growing of cereals (except rice), leguminous crops and oil seeds
01130Growing of vegetables, melons, roots and tubers
68201Renting and operating of own or leased residential real estate, excluding social housing
Sources
Crossroads Bank for EnterprisesNational Bank · 49 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.