Turnover
≈ €77,000 estimated
The micro format states no turnover.
Q-ZEN CONSTRUCT
Lifetime
3 annual accounts with figures on one time axispeak €10,398 (2024)
€5,549▼ 46.6%
peak €4,927 (2024)
€1,852▼ 62.4%
peak €13,152 (2025)
€13,152▲ 16.4%
€10,109▲ 59.9%
Board1 name since 2023
1 directorLEENDERS Kevin Paul Roger Fabien
Documentsfilings and deeds
10-08-202610 days late
2025micro format
Gross margin from €10,398 to €5,549Result from €4,927 to €1,852Equity from €11,299 to €13,152Debts from €6,323 to €10,109Cash from €4,408 to €9,374
Key points
from the 2025 annual accountsFilings
3 annual accounts 1 late
The 2025 accounts came 10 days late. The other two were filed on time.
Position in the sector
€13,152
Less equity than 81% of companies in specialised construction. Sector median €57,716 · 35,168 companies.
Checked score
83
Excellent
Financially stronger than 65% of micro companies in specialised construction (NACE 43)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 47,696 companies (NACE 43, micro).
About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.3%
01-2025: 1.4%▲ +0.1 percentage points vs 12-2024
02-2025: 1.4%● unchanged vs 01-2025
03-2025: 1.4%● unchanged vs 02-2025
04-2025: 1.5%▲ +0.1 percentage points vs 03-2025
05-2025: 1.5%● unchanged vs 04-2025
06-2025: 1.5%● unchanged vs 05-2025
07-2025: 1.6%▲ +0.1 percentage points vs 06-2025highest value
08-2025: 0.9%▼ -0.7 percentage points vs 07-2025
09-2025: 0.9%● unchanged vs 08-2025
10-2025: 0.8%▼ -0.1 percentage points vs 09-2025
11-2025: 0.8%● unchanged vs 10-2025
12-2025: 0.8%● unchanged vs 11-2025
01-2026: 0.8%● unchanged vs 12-2025
02-2026: 0.8%● unchanged vs 01-2026
03-2026: 0.8%● unchanged vs 02-2026
04-2026: 0.9%▲ +0.1 percentage points vs 03-2026
05-2026: 1.0%▲ +0.1 percentage points vs 04-2026
06-2026: 1.0%● unchanged vs 05-2026
07-2026: 1.0%● unchanged vs 06-2026
08-2026: 1.5%▲ +0.5 percentage points vs 07-2026
09-2026: 0.6%▼ -0.9 percentage points vs 08-2026
10-2026: 0.6%● unchanged vs 09-2026lowest value
11-2026: 0.6%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
raises risk
Size: total assets €23,260
Founded in 2023
lowers risk
Liquidity: current ratio 1.54, cash €9,374
Figures for financial year 2025 (filed on 10-08-2026)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro). It does better than 62% of them on solvency, 77% on liquidity, 57% on profitability and 64% on growth.
The bankruptcy probability was computed on 10-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 39,278 companies had the same profile as Q-ZEN CONSTRUCT has now. Each dot stands for 99 companies, two years later.
95.8%
were still trading
2.3%
stopped another way
1.8%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Q-ZEN CONSTRUCT itself: 0.6% within 12 months.
Test of the method
The method was tested on the 497,448 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 39,278 companies, not a prediction for Q-ZEN CONSTRUCT. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €1,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.54 (1.16 in 2024), above the usual 1.5. Short-term debt is 43.5% and cash 40.3% of total assets. 43.5% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 10 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-08-2026, 10 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 3 filingsDeviation from the deadline
2025
10 days late
2024
on the day
2023
34 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 3 accounts on average 8 days before the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
neutral · 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 31 July (3 of the last 3 accounts filed within 33 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0795931619
Incorporation
Founding capital of €3,000, 30 shares · Founder: LEENDERS Kevin Paul Roger Fabien (comparant) · Appointment: LEENDERS Kevin Paul Roger Fabien (director) · published on 12-01-2023 · Gazette deed
First establishment
Voie de la Tombe 17, Verlaine
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Q-ZEN CONSTRUCT Verlaine | €23,260 | €5,549 | 56.5% | - |
| PH CONSTRUCT Sint-Pieters-Leeuw | €27,349 | €6,171 | 14.7% | - |
| Ets MONTES Ham-sur-Heure-Nalinnes | €29,006 | €6,533 | 74.0% | - |
| Rovilex Grobbendonk | €30,603 | €4,958 | 61.7% | - |
| RZ SERVICES Tubize | €24,344 | €5,818 | 65.2% | - |
| ELEKTRICITEITSWERKEN NAUWELAERTS Heist-op-den-Berg | €23,390 | €5,312 | 30.9% | - |
| ML THERM Brussels | €27,053 | €7,190 | 44.5% | - |
These companies have the same main activity as Q-ZEN CONSTRUCT: installation of electric heating, air conditioning, cooling and ventilation (NACE 43222). They are comparable in size and age: total assets between €23,400 and €30,600, founded between 2021 and 2024.
Official details
Source: KBO- Status
- Active since 10-01-2023Normal situation
- Activity
- Installation of electric heating, air conditioning, cooling and ventilationNACE 43222and 2 others
- Establishment unit
- 2.339.986.8244537 Verlaine, since 10-01-2023
- Financial year end
- 31 December
- Peppol
- Reachable since 31-10-2025
Insights on Q-ZEN CONSTRUCT
Q-ZEN CONSTRUCT files the micro format. That format states no turnover. The gross margin fell from €6,931 in 2023 to €5,549 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Q-ZEN CONSTRUCT
- What is the company number of Q-ZEN CONSTRUCT?
- The company number of Q-ZEN CONSTRUCT is 0795.931.619. The VAT number is the same number with BE in front: BE 0795.931.619.
- Where is Q-ZEN CONSTRUCT based?
- The registered office is at Voie de la Tombe 17, 4537 Verlaine.Company details
- What does Q-ZEN CONSTRUCT do?
- According to the KBO register, the main activity is installation of electric heating, air conditioning, cooling and ventilation (NACE 43222).
- What is the legal form of Q-ZEN CONSTRUCT?
- Q-ZEN CONSTRUCT is a private limited company (BV).
- When was Q-ZEN CONSTRUCT founded?
- Q-ZEN CONSTRUCT was founded on 10-01-2023.
- Is Q-ZEN CONSTRUCT still active?
- Yes, Q-ZEN CONSTRUCT is an active enterprise in the KBO register.
- What is the turnover of Q-ZEN CONSTRUCT?
- The turnover in financial year 2025 is ≈ €77,000. This figure is estimated from the gross margin of €5,549 and 31 comparable companies (NACE 43222). It probably lies between €52,000 and €110,000. It is a rough estimate.Financials
- Is Q-ZEN CONSTRUCT profitable?
- In financial year 2025, Q-ZEN CONSTRUCT made a profit of €1,852.
- Where can I find the annual accounts of Q-ZEN CONSTRUCT?
- Q-ZEN CONSTRUCT filed 3 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Q-ZEN CONSTRUCT due?
- Q-ZEN CONSTRUCT must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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