Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 3 of the last 4 fiscal years.
Financials
Financial year 2025
ZUKO from Grez-Doiceau, company number BE0450815022, closed financial year 2025 with a result of € -41,129 after tax. For that financial year ZUKO recorded a gross margin of € -31,391 and equity of € -28,673. Compared with financial year 2024, the result moved from € 17,491 to € -41,129. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on April 29, 2026.
€ -28,673
▼ € 41,129 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -41,129
▼ still € 17,491 profit in 2024
Profit after tax over the fiscal year.
€ 12,951
▼ 53% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -90,673.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
Debts at end 2025
€ 89,847
▼ 15% vs 2024
€ 19,552 is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 29,357
▲ 18% vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 13,962 | € 70,269 | € 56,381 | € -31,391 | ▼ € 87,772 |
| Profit after taxes | € -12,774 | € 14,585 | € 17,491 | € -41,129 | ▼ € 58,620 |
| Equity | € -19,620 | € -5,035 | € 12,456 | € -28,673 | ▼ € 41,129 |
| Total debts | € 152,871 | € 148,705 | € 136,178 | € 119,204 | ▼ 12% |
| Cash | € 55,643 | € 19,790 | € 27,446 | € 12,951 | ▼ 53% |
| Retained profit | € -81,620 | € -67,035 | € -49,544 | € -90,673 | ▼ € 41,129 |
| Bank debt | € 144,315 | € 121,141 | € 105,303 | € 89,847 | ▼ 15% |
| Balance sheet total | € 133,251 | € 143,670 | € 148,634 | € 90,531 | ▼ 39% |
| Employees (FTE) | - | 1 | - | - |
Key figures of ZUKO, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 April 2027.
What happened to ZUKO?
What happened at ZUKO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 41,129 (▼ € 58,620 vs 2024). Source: NBB ↗
- HYDRO R&D INTERNATIONAL stepped down as director. NBB
- ERIC VANDENBORRE became a director. NBB
- New establishment in Grez-Doiceau. KBO
- HYDRO R&D INTERNATIONAL became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 12,774 loss in 2022 to € 41,129 loss in 2025.
Best year ever: 2024, with € 17,491 profit.
On average € 70,300 of value added per employee in 2023.
Management
The stake of HYDRO-R&D International comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
ZUKOBehind ZUKO are ERIC VANDENBORRE and AQUA NOVE. The shares are held by HYDRO-R&D International (74%).
Directors
According to the 2025 annual accounts
ERIC VANDENBORRE
Managing director
since 2019
Director
Director
since 2014 · until 2025
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Av.Cte Jean Dumonceau 23
1390 Grez-Doiceau
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 8 companies are registered at this address.
All companies at this address →CEJETHI
€ 18,488 gross margin · 2025
Association des Copropriétaires de la Résidence avenue Comte Dumonceau 23 à Grez Doiceau
FIGIS
€ -35,739 gross margin · 2025
Nix Events
€ -544 gross margin · 2025
CASH-TECH
€ 36,962 gross margin · 2025
+3 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Self-hosted
Hosting
OVH, FR
Website info
Features
Security
Details
- Company number
- 0450.815.022
- VAT number
- BE 0450.815.022
- Registered office
- Av.Cte Jean Dumonceau 23, 1390 Grez-Doiceau
- Names & denominations
- ZUKO
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 15 September 1993
- Peppol
- Active · Active since 12 Sept 2025
- Contact
- zukobio.be [email protected] 010/453943
- Activities · NACE
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