Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 2 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
ZEAL PROJECTS from Wetteren, company number BE0717990139, closed financial year 2025 with a result of € -134,253 after tax. For that financial year ZEAL PROJECTS recorded a gross margin of € -79,297 and equity of € -881,698. Compared with financial year 2024, the result moved from € -533,003 to € -134,253. 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 17, 2026.
€ -881,698
▼ € 134,253 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -134,253
▲ 75 % less loss than in 2024
Profit after tax over the fiscal year.
€ 114
▼ € 50,287 vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -970,298.
People and assets in 2025
€ 37
▼ € 55,155 vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 471
▼ 53% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 123,457
▼ 71% vs 2024
Loans from banks and other lenders, long and short.
€ 15,859
▼ 14% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 14,240
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -20,868 | € -10,046 | € -400,933 | € -79,297 | ▲ € 321,637 |
| Profit after taxes | € -85,106 | € -148,169 | € -533,003 | € -134,253 | ▲ € 398,750 |
| Equity | € -136,273 | € -284,442 | € -747,445 | € -881,698 | ▼ € 134,253 |
| Total debts | € 1,578,891 | € 2,756,125 | € 2,628,279 | € 2,976,267 | ▲ 13% |
| Cash | € 110,555 | € 67,416 | € 50,401 | € 114 | ▼ € 50,287 |
| Retained profit | € -154,873 | € -303,042 | € -836,045 | € -970,298 | ▼ € 134,253 |
| Bank debt | € 241,039 | € 732,882 | € 423,457 | € 123,457 | ▼ 71% |
| Balance sheet total | € 1,442,618 | € 2,471,683 | € 1,880,834 | € 2,094,569 | ▲ 11% |
| Employees (FTE) | 0.6 | 1 | - | - |
Key figures of ZEAL PROJECTS, 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 ZEAL PROJECTS?
What happened at ZEAL PROJECTS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 134,253. Source: NBB ↗
- New establishment in Wetteren. KBO
- Start of the company according to the CBE. KBO
- Ahmalize BV became a director. NBB
In short
From € 85,106 loss in 2022 to € 134,253 loss in 2025.
Paid € 19 in corporate taxes since 2022.
Management
The stake of AHMALIZE comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
ZEAL PROJECTSBehind ZEAL PROJECTS is Ahmalize BV. The shares are held by AHMALIZE (99.2%).
Directors
According to the 2025 annual accounts
Director · represented by Gocen Ahmed
Also active at: D.M. CABLES, INSTALLATIONS GENERALES ELECTRICITE, TELEDISTRIBUTION ET CHAUFFAGE, ZEAL INVEST, Zeal Construct, UVR, GKW
since 2018
Shareholders
99.2%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Heusdensteenweg 38 box A
9230 Wetteren
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 4 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0717.990.139
- VAT number
- BE 0717.990.139
- Registered office
- Heusdensteenweg 38 bus A, 9230 Wetteren
- Names & denominations
- ZEAL PROJECTS
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 11 January 2019
- Peppol
- Active · Active since 24 Dec 2025
- Activities · NACE
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