Cloud Zensation
ActiveSummary
Cloud Zensation has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €67k and a net result of €13k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 85% of 11389 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability89▼-11
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity ample (current ratio 6.45 against 3.87 in 2024; short-term debt: 14.6% and cash: 58.9% of total assets), and 14.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €67k
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 26-09-2025, 35 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
35 d early
2024
17 d early
2023
33 d early
2022
14 d early
2021
18 d early
2020
5 d early
2019
7 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close25-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, micro schema
Equity
€67k▲ 23.2%
2024 · €55k
2019: €8k
2020: €-13k▼ -257% vs 2019lowest in 7 years
2021: €-6k▲ +55.6% vs 2020
2022: €-8k▼ -34.0% vs 2021
2023: €12k▲ +259% vs 2022
2024: €55k▲ +342% vs 2023
2025: €67k▲ +23.2% vs 2024highest in 7 years
2019 → 2025
Total assets
€79k▲ 10.0%
2024 · €72k
2019: €41k
2020: €27k▼ -34.9% vs 2019
2021: €26k▼ -1.0% vs 2020lowest in 7 years
2022: €29k▲ +9.3% vs 2021
2023: €27k▼ -5.5% vs 2022
2024: €72k▲ +164% vs 2023
2025: €79k▲ +10.0% vs 2024highest in 7 years
2019 → 2025
Net result
€13k▼ 70.0%
2024 · €42k
2019: €-32klowest in 7 years
2020: €-21k▲ +33.1% vs 2019
2021: €7k▲ +134% vs 2020
2022: €-2k▼ -127% vs 2021
2023: €20k▲ +1119% vs 2022
2024: €42k▲ +110% vs 2023highest in 7 years
2025: €13k▼ -70.0% vs 2024
2019 → 2025
Working capital
€63k▲ 28.6%
2024 · €49k
2019: €-4k
2020: €-24k▼ -565% vs 2019lowest in 7 years
2021: €-15k▲ +36.2% vs 2020
2022: €-16k▼ -4.5% vs 2021
2023: €6k▲ +136% vs 2022
2024: €49k▲ +763% vs 2023
2025: €63k▲ +28.6% vs 2024highest in 7 years
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-6k-€-8k▼ 34.0%€12k€55k▲ 342%€67k▲ 23.2%
2021: €-6k
2022: €-8k▼ -34.0% vs 2021lowest in 5 years
2023: €12k▲ +259% vs 2022
2024: €55k▲ +342% vs 2023
2025: €67k▲ +23.2% vs 2024highest in 5 years
Operating result€8k-€-1k€23k€50k▲ 121%€18k▼ 64.9%
2021: €8k
2022: €-1k▼ -115% vs 2021lowest in 5 years
2023: €23k▲ +1999% vs 2022
2024: €50k▲ +121% vs 2023highest in 5 years
2025: €18k▼ -64.9% vs 2024
Net result€7k-€-2k€20k€42k▲ 110%€13k▼ 70.0%
2021: €7k
2022: €-2k▼ -127% vs 2021lowest in 5 years
2023: €20k▲ +1119% vs 2022
2024: €42k▲ +110% vs 2023highest in 5 years
2025: €13k▼ -70.0% vs 2024
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 65% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €79k
Fixed assets
€4k ▼ 22.6%
Current assets
€75k ▲ 12.8%
Equity and liabilities €79k
Equity
€67k ▲ 23.2%
Debt
€12k ▼ 32.3%
Debt's share of the balance-sheet total falls from 23.8% to 14.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€19k▼
2024 · €51k
Cash flow
€14k▼
2024 · €43k
Current ratio
6.45▲
2024 · 3.87
Quick ratio
4.37▲
2024 · 2.37
Debt to equity
0.17▼
2024 · 0.31
ROE
18.8%▼
2024 · 77.4%
ROA
16.1%▼
2024 · 59.0%
Interest coverage
60.86▼
2024 · 131.04
Debt ≤ 1 year
€12k▼
2024 · €17k
Income taxes
€5k▼
2024 · €8k
Staff costs
€35k▲
2024 · €28k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 40 lines
Balance sheet
Code20242025
Assets
Total assets20/58€72k€79k▲
Fixed assets21/28€6k€4k▼
Tangible fixed assets22/27€4k€2k▼
Other tangible fixed assets26€4k€2k▼
Financial fixed assets28€2k€2k=
Current assets29/58€66k€75k▲
Stocks and contracts in progress3€26k€24k▼
Stocks30/36€26k€24k▼
Amounts receivable within one year40/41€132€4k▲
Trade receivables40€132-
Other amounts receivable41-€4k
Cash at bank and in hand54/58€40k€47k▲
Equity and liabilities
Total equity and liabilities10/49€72k€79k▲
Equity10/15€55k€67k▲
Contributions10/11€25k€25k=
Reserves13€3k€3k=
Distributable reserves133€3k€3k=
Profit (loss) carried forward14€27k€40k▲
Amounts payable17/49€17k€12k▼
Amounts payable within one year42/48€17k€12k▼
Trade debts44€4k€6k▲
Suppliers440/4€4k€6k▲
Taxes, remuneration and social security45€8k€152▼
Taxes450/3€8k€152▼
Other amounts payable47/48€5k€5k=
Income statement
Code20242025
Remuneration, social security and pensions62€28k€35k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€975€1k▲
Other operating charges640/8€1k€592▼
Gross operating margin9900€81k€54k▼
Operating profit (loss)9901€50k€18k▼
Financial income75/76B€16€52▲
Recurring financial income75€16€52▲
Financial charges65/66B€392€312▼
Recurring financial charges65€392€312▼
Profit (loss) for the period before taxes9903€50k€17k▼
Income taxes67/77€8k€5k▼
Profit (loss) for the period9904€42k€13k▼
Profit (loss) for the period to be appropriated9905€42k€13k▼
Appropriation of the result
Profit (loss) to be appropriated9906€27k€40k▲
Profit (loss) brought forward from the previous period14P€-15k€27k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €6k | €28k | €35k | ▲ 24.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1k | €1k | €1k | €975 | €1k | ▲ 33.3% |
| Other operating charges640/8 | - | €899 | €534 | €1k | €592 | ▼ 54.3% |
| Gross operating margin9900 | €10k | €999 | €30k | €81k | €54k | ▼ 32.5% |
| Operating profit (loss)9901 | €8k | €-1k | €23k | €50k | €18k | ▼ 64.9% |
| Financial income75/76B | - | - | - | €16 | €52 | ▲ 226% |
| Recurring financial income75 | €3 | - | - | €16 | €52 | ▲ 226% |
| Financial charges65/66B | - | €781 | €853 | €392 | €312 | ▼ 20.4% |
| Recurring financial charges65 | €567 | €781 | €853 | €392 | €312 | ▼ 20.4% |
| Profit (loss) for the period before taxes9903 | €7k | €-2k | €22k | €50k | €17k | ▼ 65.1% |
| Income taxes67/77 | - | - | €2k | €8k | €5k | ▼ 38.3% |
| Profit (loss) for the period9904 | €7k | €-2k | €20k | €42k | €13k | ▼ 70.0% |
| Profit (loss) for the period to be appropriated9905 | €7k | €-2k | €20k | €42k | €13k | ▼ 70.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €26k | €29k | €27k | €72k | €79k | ▲ 10.0% |
| Fixed assets21/28 | €9k | €8k | €7k | €6k | €4k | ▼ 22.6% |
| Tangible fixed assets22/27 | €7k | €6k | €5k | €4k | €2k | ▼ 34.3% |
| Other tangible fixed assets26 | - | €6k | €5k | €4k | €2k | ▼ 34.3% |
| Financial fixed assets28 | €2k | €2k | €2k | €2k | €2k | = |
| Current assets29/58 | €17k | €21k | €20k | €66k | €75k | ▲ 12.8% |
| Stocks and contracts in progress3 | €11k | €11k | €19k | €26k | €24k | ▼ 6.6% |
| Stocks30/36 | - | €11k | €19k | €26k | €24k | ▼ 6.6% |
| Amounts receivable within one year40/41 | - | - | - | €132 | €4k | ▲ 2,947% |
| Trade receivables40 | - | - | - | €132 | - | - |
| Other amounts receivable41 | - | - | - | - | €4k | - |
| Cash at bank and in hand54/58 | €6k | €9k | €2k | €40k | €47k | ▲ 15.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €26k | €29k | €27k | €72k | €79k | ▲ 10.0% |
| Equity10/15 | €-6k | €-8k | €12k | €55k | €67k | ▲ 23.2% |
| Contributions10/11 | €25k | €25k | €25k | €25k | €25k | = |
| Capital10 | - | €25k | €25k | - | - | - |
| Issued capital100 | - | €25k | €25k | - | - | - |
| Reserves13 | €3k | €3k | €3k | €3k | €3k | = |
| Non-distributable reserves130/1 | - | €3k | €3k | - | - | - |
| Legal reserve130 | - | €3k | €3k | - | - | - |
| Distributable reserves133 | - | - | - | €3k | €3k | = |
| Profit (loss) carried forward14 | €-33k | €-35k | €-15k | €27k | €40k | ▲ 46.6% |
| Amounts payable17/49 | €32k | €37k | €15k | €17k | €12k | ▼ 32.3% |
| Amounts payable within one year42/48 | €32k | €37k | €15k | €17k | €12k | ▼ 32.3% |
| Trade debts44 | €2k | €6k | €2k | €4k | €6k | ▲ 75.4% |
| Suppliers440/4 | - | €6k | €2k | €4k | €6k | ▲ 75.4% |
| Taxes, remuneration and social security45 | - | €99 | €4k | €8k | €152 | ▼ 98.2% |
| Taxes450/3 | - | €99 | €4k | €8k | €152 | ▼ 98.2% |
| Other amounts payable47/48 | - | €30k | €9k | €5k | €5k | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7k | €-2k | €20k | €42k | €13k | ▼ 70.0% |
| + Depreciation and write-downs630 | €1k | €1k | €1k | €975 | €1k | ▲ 33.3% |
| Operating cash flow (approximation) | €9k | €-680 | €21k | €43k | €14k | ▼ 67.7% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €3k | €-8k | €39k | €6k | ▼ 83.8% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
26-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
14-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
31-03
Financial
Highest result since 2019net €42k ▲110%
Operating result €50k, net result €42k, both a record.
31-03
Financial
Liquidity triplescurrent ratio 3.87
Current ratio from 1.38 to 3.87.
2023
28-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
31-03
Financial
Back to profitnet €20k
Net result €20k after one loss-making year.
31-03
Financial
Liquidity doublescurrent ratio 1.38
Current ratio from 0.57 to 1.38; short-term debt falls from €37k to €15k.
2022
17-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2021
13-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
31-03
Financial
Back to profitnet €7k
Net result €7k after 2 loss-making years.
2020
26-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2019
24-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Show earlier events
2018
01-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
05-10
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
27-10
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Stekene · 1 establishment unit since 2009
Ground area
1,115 m²
Building footprint
209 m²
Volume, LiDAR
2,395 m³
Parcel 46024A2241/00D000, Flanders · tallest building 16.7 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Vapor Shop
since 20092.177.062.456
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46024A2241/00D000 | Flanders | 1,115 m² | 1 · 209 m² | 16.7 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 1,639 companies in sector 46170 we hold annual accounts for 669. 477 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded29-01-2009
Fiscal year end31-03
Activities, NACEBEL 2025
46170Agents in the wholesale of food, beverages and tobacco
47789Other retail sale of new goods
47260Retail trade
47279Other retail sale of food
Scores and ratios are computed by Checked and are not a credit decision.