ZORGI
ActiveSummary
ZORGI has been active since 1979 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €18.01M and a net result of €4.72M. Equity is growing by ~7.8% per year across the filed fiscal years. Its solvency ranks better than 60% of 4157 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
65
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability77=
Solvency70▲+3
Growth57▼-2
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.15M at 30 days acceptable
Liquidity ample (current ratio 2.05 against 1.91 in 2024; short-term debt: 46.1% and cash: 7.3% of total assets), but 55.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
44.7%
Return on assets
11.7%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 13-05-2026, 79 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
79 d early
2024
129 d late
2023
79 d early
2022
75 d early
2021
75 d early
2020
86 d early
2019
43 d early
← 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, full schema
Turnover
€62.41M▼ 2.9%
2024 · €64.29M
2018: €32.49M
2019: €37.29M
2020: €41.60M
2021: €42.08M
2023: €56.60M
2024: €64.29M
2018 → 2025
EBIT margin
9.0%▲ 1.4pp
2024 · 7.6%
2018: 18.5%
2019: 20.4%
2020: 17.7%
2021: 13.9%
2023: 1.5%
2024: 7.6%
2018 → 2025
Net result
€4.72M▲ 1.4%
2024 · €4.65M
2018: €5.83M
2019: €7.45M
2020: €6.53M
2021: €5.15M
2023: €861k
2024: €4.65M
2018 → 2025
Working capital
€19.58M▲ 41.0%
2024 · €13.89M
2018: €9.65M
2019: €8.97M
2020: €10.40M
2021: €10.47M
2023: €8.05M
2024: €13.89M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202320242025Trend
Turnover€41.60M-€42.08M▲ 1.2%€56.60M▲ 34.5%€64.29M▲ 13.6%€62.41M▼ 2.9%
Equity€11.13M-€12.41M▲ 11.5%€8.66M▼ 30.2%€13.30M▲ 53.7%€18.01M▲ 35.4%
Operating result€7.36M-€5.85M▼ 20.6%€873k▼ 85.1%€4.87M▲ 458%€5.61M▲ 15.2%
Net result€6.53M-€5.15M▼ 21.0%€861k▼ 83.3%€4.65M▲ 440%€4.72M▲ 1.4%
Result per fiscal year
Operating resultNet result
The operating result has risen two years in a row; 2025 is 15% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €40.33M
Fixed assets
€2.16M ▼ 9.0%
Current assets
€38.16M ▲ 30.8%
Equity and liabilities €40.33M
Equity
€18.01M ▲ 35.4%
Provisions
€1.24M ▲ 250%
Debt
€21.07M ▲ 17.7%
Debt's share of the balance-sheet total falls from 56.7% to 52.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€6.96M▲
2024 · €5.90M
Cash flow
€6.07M▲
2024 · €5.68M
Current ratio
2.05▲
2024 · 1.91
Quick ratio
1.65▲
2024 · 1.64
Debt to equity
1.17▼
2024 · 1.35
ROE
26.2%▼
2024 · 35.0%
ROA
11.7%▼
2024 · 14.7%
Interest coverage
2538.04▲
2024 · 237.01
Debt ≤ 1 year
€18.58M▲
2024 · €15.29M
Income taxes
€903k▲
2024 · €163k
Staff costs
€30.81M▲
2024 · €28.22M
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 · 89 lines
Balance sheet
Code20242025
Assets
Total assets20/58€31.55M€40.33M▲
Fixed assets21/28€2.38M€2.16M▼
Intangible fixed assets21€1.01M€879k▼
Tangible fixed assets22/27€913k€789k▼
Land and buildings22€9k€8k▼
Plant, machinery and equipment23€247k€261k▲
Furniture and vehicles24€253k€157k▼
Other tangible fixed assets26€404k€362k▼
Financial fixed assets28€454k€496k▲
Other financial fixed assets284/8€454k€496k▲
Shares284€2k€2k=
Amounts receivable and cash guarantees285/8€452k€494k▲
Current assets29/58€29.18M€38.16M▲
Amounts receivable after more than one year29€295k€262k▼
Trade receivables290€295k€262k▼
Stocks and contracts in progress3€4.12M€7.47M▲
Stocks30/36€4k€4k=
Goods purchased for resale34€4k€4k=
Contracts in progress37€4.12M€7.47M▲
Amounts receivable within one year40/41€14.95M€13.05M▼
Trade receivables40€14.72M€12.81M▼
Other amounts receivable41€231k€241k▲
Current investments50/53€4.50M€12.51M▲
Other investments51/53€4.50M€12.51M▲
Cash at bank and in hand54/58€3.30M€2.95M▼
Deferred charges and accrued income490/1€2.01M€1.91M▼
Equity and liabilities
Total equity and liabilities10/49€31.55M€40.33M▲
Equity10/15€13.30M€18.01M▲
Contributions10/11€4.72M€4.72M=
Capital10€4.72M€4.72M=
Issued capital100€4.72M€4.72M=
Reserves13€3.04M€3.04M=
Non-distributable reserves130/1€2.28M€2.28M=
Legal reserve130€2.28M€2.28M=
Tax-exempt reserves132€756k€3k▼
Distributable reserves133-€754k
Profit (loss) carried forward14€5.51M€10.23M▲
Investment grants15€33k€28k▼
Provisions and deferred taxes16€355k€1.24M▲
Provisions for liabilities and charges160/5€355k€1.24M▲
Taxes161-€528k
Other liabilities and charges164/5€355k€713k▲
Amounts payable17/49€17.90M€21.07M▲
Amounts payable within one year42/48€15.29M€18.58M▲
Current portion of amounts payable after more than one year42€183k-
Trade debts44€5.20M€5.65M▲
Suppliers440/4€5.20M€5.65M▲
Advances received on contracts in progress46€4.90M€6.97M▲
Taxes, remuneration and social security45€5.00M€5.97M▲
Taxes450/3€1.00M€1.24M▲
Remuneration and social security454/9€3.99M€4.72M▲
Other amounts payable47/48€2k€3k▲
Accrued charges and deferred income492/3€2.61M€2.49M▼
Income statement
Code20242025
Operating income70/76A€64.05M€68.16M▲
Turnover70€64.29M€62.41M▼
Change in stocks of work in progress, finished goods and contracts in progress71€-3.74M€3.35M▲
Other operating income74€3.50M€2.40M▼
Non-recurring operating income76A€100€100=
Operating charges60/66A€59.18M€62.55M▲
Goods for resale, raw materials and consumables60€19.78M€17.86M▼
Purchases600/8€19.78M€17.86M▼
Services and other goods61€10.33M€11.13M▲
Remuneration, social security and pensions62€28.22M€30.81M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1.03M€1.35M▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-2.17M€205k▲
Provisions for liabilities and charges: additions (uses and reversals)635/8€84k€358k▲
Other operating charges640/8€1.89M€832k▼
Non-recurring operating charges66A€123€1k▲
Operating profit (loss)9901€4.87M€5.61M▲
Financial income75/76B€6k€42k▲
Recurring financial income75€6k€42k▲
Income from current assets751€382€25k▲
Other financial income752/9€6k€17k▲
Financial charges65/66B€63k€33k▼
Recurring financial charges65€63k€33k▼
Debt charges650€25k€3k▼
Other financial charges652/9€38k€31k▼
Profit (loss) for the period before taxes9903€4.81M€5.62M▲
Income taxes67/77€163k€903k▲
Taxes670/3€163k€903k▲
Tax adjustments and reversals of tax provisions77€52-
Profit (loss) for the period9904€4.65M€4.72M▲
Transfer from tax-exempt reserves789-€754k
Profit (loss) for the period to be appropriated9905€4.65M€5.47M▲
Appropriation of the result
Profit (loss) to be appropriated9906€5.51M€10.98M▲
Profit (loss) brought forward from the previous period14P€861k€5.51M▲
Transfer to equity691/2-€754k
To other reserves6921-€754k
Social balance
Average headcount (FTE)9087317.6324.4▲
The notes to these accounts (74 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
13-05
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
20-03
State Gazette act
Resignations: FVH M BV (director) and Philippe Kohl (director)Appointments: BOLD MOVES SRL (director) and QUADRIVIUM MANAGEMENT SRL (director)5 facts ▸
State Gazette act
Resignations: FVH M BV (director) and Philippe Kohl (director)
Appointments: BOLD MOVES SRL (director) and QUADRIVIUM MANAGEMENT SRL (director)5 facts ▸
- Board meeting, 31/01/2026
- Director resignation, FVH M BV (director)
- Director appointment, BOLD MOVES SRL (director)
- Director resignation, Philippe Kohl (director)
- Director appointment, QUADRIVIUM MANAGEMENT SRL (director)
2025
07-12
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 129 days late
2024
31-12
Financial
Equity above €10MEq €13.30M ▲53.7%
6 profitable years in a row build equity to €13.30M.
13-05
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Weakest financial yearnet €861k ▼83.3%
Net result drops to €861k, the lowest in the series; recovery starts the following year.
17-05
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
17-05
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
06-05
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Equity above €10MEq €11.13M ▲17.1%
3 profitable years in a row build equity to €11.13M.
18-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Highest result since 2018net €7.45M ▲27.7%
Operating result €7.62M, net result €7.45M, both a record.
Show earlier events
09-05
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
09-05
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
12-05
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.An act published in both Dutch and French appears here once.
Directors · office · real estate
Directors
2 directors, no change since 2026
BOLD MOVES
CurrentDirector · since 13-01-2026 · Private limited company · perm. rep.: Arnaud Spirlet
Quadrivium Management
CurrentDirector · since 05-01-2026 · Private limited company · perm. rep.: Philippe Kohl
13-01-2026
BOLD MOVES: Appointed as Director
13-01-2026
BOLD MOVES: Appointed as Director
13-01-2026
FVH M: Resigned as Director
13-01-2026
FVH M: Resigned as Director
05-01-2026
Quadrivium Management: Appointed as Director
Location & real-estate footprint
Registered office, Brussel · 6 establishment units since 1999
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.
Bischoffsheimlaan 151000 BrusselGround area
3.5 ha
Building footprint
8,116 m²
Volume, LiDAR
129,759 m³
5 parcels, Brussels, Flanders, Wallonia · tallest building 44.3 m, ±12 floors. Linked by address, not a title deed.
6 establishment units
ZORGI
since 19992.016.909.023
ZORGI
since 20132.219.538.261
ZORGI
since 20142.228.481.958
ZORGI
since 20142.228.482.156
ZORGI
since 20172.266.035.905
ZORGI
since 20222.333.769.421
5 parcels
Flanders
3
(60%)
Wallonia
1
(20%)
Brussels
1
(20%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24514C0054/00X000 | Flanders | 1.7 ha | 1 · 1,748 m² | 12.2 m · 3 fl. |
| 12402A0102/00R000 | Flanders | 9,967 m² | 1 · 916 m² | 16.4 m · 5 fl. |
| 25004A0023/00K010 | Wallonia | 3,810 m² | 1 · 690 m² | 14.4 m · 4 fl. |
| 31022A0108/00M002 | Flanders | 2,771 m² | 1 · 2,771 m² | 16.7 m · 4 fl. |
| 21803C0336/00E000 | Brussels | 2,202 m² | 1 · 1,990 m² | 44.3 m · 12 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 4
5 of 5 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Connections & network
4 connected companiesLinked via shared directors
Shared corporate director
→
Shared corporate director
→
Shared corporate director
→
Shared corporate director
→
Ownership & control
2 parent companiesControl over this companyparent company per the LEI register2
Herstal
Liège · indirect
controls
ZORGIBE 0419.920.423
Public money · subsidies and aid
Flemish government
2022 to 2025 · 9 entries · 81,933 EUR awarded · 81,933 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 20,740 EUR | 20,740 EUR |
| 2024 | 3 | 23,122 EUR | 23,122 EUR |
| 2023 | 2 | 27,234 EUR | 27,234 EUR |
| 2022 | 2 | 10,837 EUR | 10,837 EUR |
Schemes
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
Vlaams opleidingsverlof (VOV)
Stopgezet - Overkoepelende renovatiepremie
Recognitions · licences · registrations
Legal Entity Identifier
9676004WLCQHP01D1A15
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Of 3,226 companies in sector 47400 we hold annual accounts for 1,806. 59 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 formPublic limited company
Founded06-11-1979
Fiscal year end31-12
Activities, NACEBEL 2025
47400Retail sale of information and communication equipment
62200Computer consultancy and computer facilities management
95100Repair and maintenance of computers and communication equipment
Sources
Crossroads Bank for EnterprisesNational Bank · 44 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.