ZUIDWEST

Active

Projectverenigingfounded 2002active for 23 yearsPresident Kennedypark(Kor) 10, 8500 Kortrijk, BelgiumKBO/BCE: BE 0479.946.991

Summary

ZUIDWEST has the legal form “Projectvereniging” in the KBO; Checked does not compute a bankruptcy probability for it. The 2025 annual accounts show equity of €824,792 and a net result of €66,967. Equity is growing by about 17% per year across the filed financial years. Its solvency ranks better than 92% of 508 sector peers (NACE 93, financial year 2025). The company has been active since 2002 and the Belgian Official Gazette contains no insolvency or warning signals.

Risk analysisFollow Report Compare

ZUIDWESTActiveChecked score 92/100

Risk analysis Report Compare

Activity

Other amusement and recreation activities

NACE 93299Arts creation and performing arts activities NACE 90312

8th largest company by equity in Kortrijk, Arts, sports and recreation sector1 site

Size

€954,732total assets 2025

Staff: 5.8 FTE
Equity: €824,792
Profit: €66,967

Financial health

92 Excellent Checked score 2025

Bankruptcy probability: legal form outside the model

Structure

Accounts 3 days early1 of 6 deeds read

SignalsneutralLatest accounts filed on timeShow the evidence

Checked score

Score 2025

92 / 100

Excellent▼ -4 on 2024

Without a bankruptcy probability: score from the figures alone

Every signal that counts is listed under Signals.

Financial strength · tick = 2024

Strong

Solvency 100=

equity 86.4% of total assets

Liquidity 98-2

short-term debt 12.9% · cash 85.6%

Profitability 78-11

return on assets 7.0%

Bankruptcy probability, 12 months

The KBO gives the legal form as “Projectvereniging”. We show no bankruptcy probability for it: the model is built on companies and gives no reliable figure for this form.

Credit of up to €75,000 on 30-day terms is acceptable

Liquidity ample (current ratio 7.71, compared with 14.51 in 2024, above the usual 1.5; short-term debt: 12.9% and cash: 85.6% of total assets), and 13.6% of the assets are financed with debt and provisions.

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Signals

1 signal.

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 28-07-2026, 3 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

3 days early

2024

1 day early

2023

on the day

2022

5 days early

2021

1 day late

2020

18 days late

2019

33 days late

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 6 days after the deadline; the sector median (NACE 93) for financial year 2024 is 1 day before the deadline, and 42% of those companies filed late.

Searched, nothing found (2)

Next filing not due yet

The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 30 July (5 of the last 5 filed years within 30 days of that day).

Companies Code · seven months

Where today falls in the filing period

19-10-2026 today31-12-2026 year end31-07-2027 deadline

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

28-07-2026 Annual accounts filedfinancial year 2025 · full…
30-07-2025 Annual accounts filedfinancial year 2024 · abbreviated…
22-05-2025 Resignations: Yannick Ducatteeuw, Francis Pattyn and…Appointments: Anja Desmet, Lise-Marie Platteau…

Key points

Positive: Among the best 9% on solvencysector median 35.4% · 508 companies 86.4% View
Caution: Result fell in 2025from €132,775 to €66,967 ▼ 49.6% View
Flemish supportawarded from 2022 to 2025 €1.7m View
Positive: 6 profitable years in a rowprofit 2025: €66,967 6 years View
Positive: Filed on time since financial year 2022accounts within the deadline every year 4 years View