ZONDER TITEL
ActiveSummary
ZONDER TITEL has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €429k and a net result of €80k. Equity is growing by ~15.3% per year across the filed fiscal years. Its solvency ranks better than 66% of 1991 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
82
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability85▲+81
Solvency93▲+6
Growth52=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity ample (current ratio 2.51 against 1.98 in 2024; short-term debt: 21.5% and cash: 18.3% of total assets), and 32.1% 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+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 90
Relative position
BE, all sectors
reference
Sector 90
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
67.9%
Return on assets
12.7%
Age of the figures
9 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 · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-09-2026, 41 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
41 d late
2024
120 d late
2023
334 d late
2022
66 d late
2021
79 d late
2020
61 d late
2019
69 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
€429k▲ 23.1%
2024 · €348k
2018: €44k
2019: €223k
2020: €93k
2021: €337k
2022: €305k
2023: €413k
2024: €348k
2018 → 2025
Total assets
€632k▲ 12.4%
2024 · €562k
2018: €389k
2019: €659k
2020: €603k
2021: €743k
2022: €615k
2023: €661k
2024: €562k
2018 → 2025
Net result
€80k
2024 · €-64k
2018: €126k
2019: €357k
2020: €29k
2021: €244k
2022: €-32k
2023: €108k
2024: €-64k
2018 → 2025
Working capital
€204k▲ 59.6%
2024 · €128k
2018: €-82k
2019: €79k
2020: €-49k
2021: €135k
2022: €97k
2023: €189k
2024: €128k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€337k-€305k▼ 9.5%€413k▲ 35.4%€348k▼ 15.6%€429k▲ 23.1%
Operating result€359k-€-28k€151k€-61k€95k
Net result€244k-€-32k€108k€-64k€80k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €95k after a loss of €61k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €632k
Fixed assets
€292k ▼ 3.5%
Current assets
€340k ▲ 31.1%
Equity and liabilities €632k
Equity
€429k ▲ 23.1%
Debt
€203k ▼ 4.9%
Debt's share of the balance-sheet total falls from 38.0% to 32.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€106k▲
2024 · €-48k
Cash flow
€91k▲
2024 · €-51k
Current ratio
2.51▲
2024 · 1.98
Debt to equity
0.47▼
2024 · 0.61
ROE
18.8%▲
2024 · -18.5%
ROA
12.7%▲
2024 · -11.5%
Interest coverage
44.13▲
2024 · -16.19
Debt ≤ 1 year
€136k▲
2024 · €131k
Debt > 1 year
€66k▼
2024 · €81k
Income taxes
€12k▲
2024 · €191
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 · 52 lines
Balance sheet
Code20242025
Assets
Total assets20/58€562k€632k▲
Fixed assets21/28€303k€292k▼
Tangible fixed assets22/27€303k€292k▼
Land and buildings22€179k€171k▼
Plant, machinery and equipment23€2k€1k▼
Furniture and vehicles24€3k€1k▼
Other tangible fixed assets26€119k€119k=
Current assets29/58€259k€340k▲
Amounts receivable after more than one year29€201k€201k=
Other amounts receivable291€201k€201k=
Amounts receivable within one year40/41€52k€23k▼
Trade receivables40€21k€21k=
Other amounts receivable41€32k€2k▼
Cash at bank and in hand54/58€5k€115k▲
Deferred charges and accrued income490/1€180€204▲
Equity and liabilities
Total equity and liabilities10/49€562k€632k▲
Equity10/15€348k€429k▲
Contributions10/11€6k€6k=
Reserves13€406k€422k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€404k€421k▲
Profit (loss) carried forward14€-64k€0▲
Amounts payable17/49€213k€203k▼
Amounts payable after more than one year17€81k€66k▼
Financial debts170/4€81k€66k▼
Amounts payable within one year42/48€131k€136k▲
Current portion of amounts payable after more than one year42€15k€15k▲
Financial debts43€112€752▲
Credit institutions430/8€112€752▲
Trade debts44€6k€6k▼
Suppliers440/4€6k€6k▼
Taxes, remuneration and social security45€822€15k▲
Taxes450/3€822€15k▲
Other amounts payable47/48€109k€99k▼
Accrued charges and deferred income492/3€1k€1k=
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13k€11k▼
Other operating charges640/8€2k€3k▲
Gross operating margin9900€-46k€109k▲
Operating profit (loss)9901€-61k€95k▲
Financial income75/76B€9€0▼
Recurring financial income75€9€0▼
Financial charges65/66B€3k€2k▼
Recurring financial charges65€3k€2k▼
Profit (loss) for the period before taxes9903€-64k€93k▲
Income taxes67/77€191€12k▲
Profit (loss) for the period9904€-64k€80k▲
Profit (loss) for the period to be appropriated9905€-64k€80k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-64k€16k▲
Profit (loss) brought forward from the previous period14P-€-64k
Transfer to equity691/2€0€16k▲
To other reserves6921€0€16k▲
The notes to these accounts (6 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
10-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 41 days late
2025
31-12
Financial
Back to profitnet €80k
Net result €80k after one loss-making year.
28-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 120 days late
30-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 334 days late
2024
31-12
Financial
Weakest financial yearnet €-64k ▼160%
Net result drops to €-64k, the lowest in the series; recovery starts the following year.
2023
31-12
Financial
Back to profitnet €108k
Net result €108k after one loss-making year.
05-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 66 days late
2022
18-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 79 days late
2021
31-12
Financial
Equity above €200kEq €337k ▲264%
4 profitable years in a row build equity to €337k.
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 61 days late
2020
08-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 69 days late
2019
31-12
Financial
Highest result since 2018net €357k ▲185%
Operating result €503k, net result €357k, both a record.
Show earlier events
31-12
Financial
Liquidity doublescurrent ratio 1.28
Current ratio from 0.55 to 1.28.
31-12
Financial
Equity above €200kEq €223k ▲410%
2 profitable years in a row build equity to €223k.
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 31 days late
2018
16-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 16 days late
2017
22-06
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.
Directors · office · real estate
Directors
2 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, Brussel · 2 establishment units since 2013
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.
Sluismeester Coggestraat 191000 BrusselGround area
4,984 m²
Building footprint
557 m²
Volume, LiDAR
2,026 m³
2 parcels, Brussels · tallest building 11.7 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
Zonder Titel
since 20132.216.516.118
Zonder Titel
since 20162.264.197.160
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21815D0120/00V000 | Brussels | 4,775 m² | 1 · 305 m² | 7.3 m |
| 21813D0524/00Y015 | Brussels | 209 m² | 1 · 251 m² | 11.7 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 6,653 companies in sector 90111 we hold annual accounts for 384. 192 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 (pre-2019)
Founded31-01-2013
Fiscal year end31-12
Activities, NACEBEL 2025
90111Literary creation
Sources
Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:els.swennen@skynet.be
Phone:0486845894