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.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
-
Tight liquidity NBB
Cash and receivables cover 26 % of short-term debt in 2025; threshold 65 %.
-
Shrinking team NBB
FTE fell two years in a row, from 9.3 to 5.1.
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Busy address KBO
103 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
Z-TECH from Zaventem, company number BE0534782873, closed financial year 2025 with a result of € -164,994 after tax. For that financial year Z-TECH recorded a gross margin of € 1.3 million and equity of € -1.9 million. Compared with financial year 2024, the result moved from € -735,682 to € -164,994. 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 July 23, 2026.
€ -1.9 million
▼ € 164,994 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -164,994
▲ 78 % less loss than in 2024
Profit after tax over the fiscal year.
€ 344,388
▲ 299% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -1.9 million.
People and assets in 2025
5.1
▼ 2 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.1 million
▼ 6% vs 2024
€ 225,500 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 17,356
▼ 26% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 398,028
▲ 165% vs 2024
Loans from banks and other lenders, long and short.
€ 1.3 million
▲ 2% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 58,584
▲ 49% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 537,190 | € 254,706 | € 769,257 | € 1,269,735 | ▲ 65% |
| Profit after taxes | € -408,104 | € -1,086,424 | € -735,682 | € -164,994 | ▲ € 570,688 |
| Equity | € 107,332 | € -979,092 | € -1,714,774 | € -1,879,769 | ▼ € 164,994 |
| Total debts | € 1,775,080 | € 2,184,731 | € 2,778,596 | € 3,088,325 | ▲ 11% |
| Cash | € 200,494 | € 118,394 | € 86,383 | € 344,388 | ▲ 299% |
| Retained profit | € 87,332 | € -999,092 | € -1,734,774 | € -1,899,769 | ▼ € 164,994 |
| Bank debt | € 440,133 | € 408,102 | € 150,000 | € 398,028 | ▲ 165% |
| Balance sheet total | € 1,882,412 | € 1,205,639 | € 1,063,822 | € 1,208,557 | ▲ 14% |
| Employees (FTE) | 10.1 | 9.3 | 7.1 | 5.1 | ▼ 2 |
Key figures of Z-TECH, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to Z-TECH?
What happened at Z-TECH in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 164,994. Source: NBB ↗
- Plug 21 BV became a director. NBB
- Dirk Baum became a director. NBB
- Didier Clerx became a director. NBB
- New establishment in Temse. KBO
- Start of the company according to the CBE. KBO
In short
From € 408,104 loss in 2022 to € 164,994 loss in 2025.
Paid € 3,563 in corporate taxes since 2022.
On average € 249,000 of value added per employee in 2025.
Management
The stake of PLUG 21 comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
Z-TECHBehind Z-TECH are Dirk Baum, Plug 21 BV and Didier Clerx. The shares are held by PLUG 21 (100%).
Directors
According to the 2025 annual accounts
Dirk Baum
Director
since 2021
since 2022
Didier Clerx
Director
since 2021
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Da Vincilaan 2 box 221
1930 Zaventem
Pachtgoedstraat 2
9140 Temse
Active since 1 July 2014
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 103 companies are registered at this address.
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€ -655 gross margin · 2025
Fläkt Woods
€ -441 gross margin · 2025
Villeroy & Boch Belgium
€ 1.3 million gross margin · 2025
TRAVISCAN
€ -4,565 gross margin · 2024
GEERINCKX MOTORS
+98 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
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Details
- Company number
- 0534.782.873
- VAT number
- BE 0534.782.873
- Registered office
- Da Vincilaan 2 bus 221, 1930 Zaventem
- Names & denominations
- Z-TECH
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 22 May 2013
- Peppol
- Active · Active since 1 Jan 2001
- Contact
- zelektro.be
- Activities · NACE
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