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Checked processes every Belgian company, act by act, from the Belgian Official Gazette. The data below is real and verified, this company's full, act-by-act verified dossier is still being assembled.
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Summary
Conclusion
the dossier summarised in one paragraphThe computed 12-month bankruptcy probability of ZSE TECHNOLOGY is 1.1% (low). The 2024 annual accounts show equity of €272k and a net result of €-1.33M. Its solvency ranks better than 71% of 33 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Based on the State Gazette, CBE and 2 annual accounts.
Trust signals
2 signalsMore than 3 years active
Founded in 2022, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No administrative flags
Bankruptcy probability (12 mo)
Checked model v1 · free for everyone1.1%
Low
0%0,5%1,5%4%10%≥25%
Young company
+Lower-failure-rate sector
−Annual accounts: weaker financial profile
+
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
Financials
TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€-1.33M-34.9%
Working capital€216k
Annual accounts & ratios
Source: NBB · 2024Annual accounts filed on 09-07-2025 with the NBB · fiscal year 2024 · verkort
Sector comparison
Fiscal year 2024 · NACE 58 · compared within the same schema type (abbreviated schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 64.3% | 41.4% | |
| Net result | €-1.33M | €36k | |
| Equity | €272k | €169k | |
| Gross operating margin | €-956k | €370k | |
| Total assets | €423k | €561k |
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
€-1.31M
-35.4%
23-24
€-1.33M
-34.9%
23-24
€-1.31M
-35.2%
23-24
€423k
+105.1%
23-24
€272k
+1687.2%
23-24
€216k
-
23-24
5
+150.0%
23-24
€354k
+131.8%
23-24
€413
-13.7%
23-24
€151k
-21.0%
23-24
€151k
-20.7%
23-24
2.43
+312.2%
23-24
2.43
+312.2%
23-24
64.3%
+771.3%
23-24
0.55
-95.6%
23-24
-488.6%
+92.5%
23-24
-314.4%
+34.3%
23-24
-1781.86
-145.3%
23-24
Figures by fiscal year
| Fiscal year | 2024 |
|---|---|
| Revenue | - |
| EBITDA | €-1.31M |
| Net profit | €-1.33M |
| Cash flow | €-1.31M |
| Staff costs | €354k |
| Income taxes | €413 |
| Dividends | - |
| Total assets | €423k |
| Equity | €272k |
| Debt | €151k |
| of which ≤ 1y | €151k |
| of which > 1y | - |
| Working capital | €216k |
| Employees (FTE) | 4.5 |
Ratios (computed)
| 2024 | |
|---|---|
| Current ratio | 2.43 |
| Quick ratio | 2.43 |
| Working capital ratio | 51.1% |
| Solvency | 64.3% |
| Debt / equity | 0.55 |
| Long-term debt ratio | - |
| Interest coverage | -1781.86 |
| Gross margin | - |
| Net margin | - |
| ROA | -314.4% |
| ROE | -488.6% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Balance-sheet composition 2024
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €423k |
| Fixed assets | 21/28 | €56k |
| Tangible fixed assets | 22/27 | €56k |
| Current assets | 29/58 | €366k |
| Amounts receivable within one year | 40/41 | €64k |
| Cash & bank | 54/58 | €300k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €423k |
| Equity | 10/15 | €272k |
| Contributions / capital | 10/11 | €2.58M |
| Accumulated profits (losses) | 14 | €-2.31M |
| Amounts payable | 17/49 | €151k |
| Amounts payable within one year | 42/48 | €151k |
| Trade debts payable within one year | 44 | €82k |
| Income statement | ||
| Gross operating margin | 9900 | €-956k |
| Operating result | 9901 | €-1.33M |
| Financial income | 75 | €118 |
| Financial charges | 65 | €736 |
| Result before taxes | 9903 | €-1.33M |
| Income taxes | 67/77 | €413 |
| Net result for the period | 9904 | €-1.33M |
| Result to be appropriated | 9905 | €-1.33M |
You're seeing the latest fiscal year only. Unlock 1 prior year (figures + ratios) with a paid plan.
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Ratios computed by Checked.
Health barometer
FY 2024 · computed55
/ 100
Fair
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Unlock the full score breakdown, per-year score history and the indicative credit limit with Plus.
See plans →Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.
Structure & network
Connections & network
1 connected companyNetwork connections
Shared address
→
Connections derived from shared directors, addresses, shareholders and group structure in the Belgian State Gazette.
Locations & real estate
Registered office
on the map · from the address register
seat.Municipality
exact location from the address register
Establishment units
1 locationZSE TECHNOLOGY
since 20222.330.004.237
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area4.8 ha
Buildings1
Building footprint1,681 m²
Tallest building0.1 m
Real-estate footprint
Source: CBE × cadastre · address linkingParcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71353I0437/00H000 | Flanders | 4.8 ha | 1 · 1,681 m² | 0.1 m |
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Publications
Lifecycle & Insolvency Signals
No insolvency signals in the Belgian State Gazette
Belgisch Staatsblad · acts
5 acts Capital history · 2
13-05-2026
Capital increase: note: verhoging van de fractiewaarde per aandeel, method: inbreng in speciën
11-10-2024
v3.2
Address history · 2
04-05-2023
v3.2
18-10-2022
v3.2
All acts · 5
updated 2 months ago
2026
13-05-2026 Notarial deed · General meeting · Capital increase · Share distribution
- Filing: 2026-05-11 · ZSE TECHNOLOGY
- Publication: 2026-05-13 · ZSE TECHNOLOGY
- Notarial deed: 2025-12-17 · ZSE TECHNOLOGY
- General meeting: 2025-12-17 · ZSE TECHNOLOGY
- Capital increase: note: verhoging van de fractiewaarde per aandeel, method: inbreng in speciën · ZSE TECHNOLOGY
- Share distribution: method: inbreng in speciën · ZSE TECHNOLOGY
- Approval: bank: BNP PARIBAS FORTIS, note: 1/4e volstort, event: capital_increase_realization, payment_date: 2025-12-16 · ZSE TECHNOLOGY
- Power of attorney: purpose: uitvoering van de voorgaande beslissingen, granted_to: Raad van Bestuur · ZSE TECHNOLOGY
- Act object: KAPITAAL, AANDELEN
Summary:
Notarial deed · General meeting · Capital increase · Share distributionNotary:
Ann Van Laere
2024
11-10-2024 Capital increase of €1,750,000 to €2,750,000
2023
04-05-2023 Registered office moved within Sint-Truiden
- Lichtenberglaan 1090, 3800 Sint-Truiden → Lichtenberglaan 1090, 3800 Sint-Truiden
Summary:
v3.2
2022
18-10-2022 Registered office moved from Westerlo to Sint-Truiden
- Pappotstraat 15, 2260 Westerlo → Lichtenberglaan 1090, 3800 Sint-Truiden
Summary:
v3.2
21-03-2022 Incorporation of a new NV
Summary:
oprichting
Analysis
Snowflake analysis
financial profile on 5 axes60
/ 100
Strong profile, led by solvency.
All 5 axes are computed from data Checked has read.
Health
55
Profitability
0
Solvency
99
Growth
52
Stability
94
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Credit advice
verdict per customer and amountSimilar
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Same sector, ranked by comparable sizeCompany registry
Company registry (CBE)
Crossroads BankActivities
Prepress- en premediadiensten18130Prepress- en premediadiensten18130Overige uitgeverijen van software58290Uitgeven van overige software58290Groothandel in informatie- en communicatieapparatuur46500Groothandel in computers, randapparatuur en software46510Draadgebonden en draadloze telecommunicatie en telecommunicatie via satelliet61100Draadloze telecommunicatie61200Overige diensten op het gebied van informatietechnologie en computer62090Overige diensten op het gebied van informatietechnologie en computer62900Overige dienstverlenende activiteiten op het gebied van informatie63920Overige dienstverlenende activiteiten op het gebied van informatie, n.e. g.63990
Primary activity highlighted.
Names & trade names
| Legal nameNL | ZSE TECHNOLOGY |
Registered office
Lichtenberglaan 1090 bus 208
3800 Sint-Truiden, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.