ZENA SERVICES
ActiveSummary
The computed 12-month bankruptcy probability of ZENA SERVICES is 3.4% (moderate). The 2025 annual accounts show equity of €75k and a net result of €7k. Equity is growing by ~30.5% per year across the filed fiscal years. Its solvency ranks better than 18% of 27965 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability41▼-9
Solvency41▼-2
Growth85=
Track record100
Bankruptcy probability, 12 months
3.4%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days only on tighter terms
Liquidity tight (current ratio 1.09 against 1.22 in 2024; short-term debt: 84.1% and cash: 34% of total assets), and 84.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
15.9%
Return on assets
1.6%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 27965 sector peers (2025).
NBB · sector comparisonPosition among 27965 sector peers
Solvency
better than 18%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-06-2026, 31 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
31 d early
2024
77 d late
2023
33 d late
2022
210 d late
2021
100 d late
2020
174 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€1.24M▲ 76.9%
2024 · €702k
2022: €459k
2023: €371k▼ -19.2% vs 2022lowest in 4 years
2024: €702k▲ +89.2% vs 2023
2025: €1.24M▲ +76.9% vs 2024highest in 4 years
2022 → 2025
EBIT margin
0.9%▼ 1.8pp
2024 · 2.6%
2022: 7.2%highest in 4 years
2023: 0.6%▼ -92.0% vs 2022lowest in 4 years
2024: 2.6%▲ +356% vs 2023
2025: 0.9%▼ -67.2% vs 2024
2022 → 2025
Net result
€7k▼ 58.7%
2024 · €18k
2020: €5k
2021: €10k▲ +106% vs 2020
2022: €33k▲ +243% vs 2021highest in 6 years
2023: €2k▼ -93.5% vs 2022lowest in 6 years
2024: €18k▲ +746% vs 2023
2025: €7k▼ -58.7% vs 2024
2020 → 2025
Working capital
€35k▼ 46.4%
2024 · €66k
2020: €5klowest in 6 years
2021: €15k▲ +186% vs 2020
2022: €39k▲ +162% vs 2021
2023: €41k▲ +5.5% vs 2022
2024: €66k▲ +62.4% vs 2023highest in 6 years
2025: €35k▼ -46.4% vs 2024
2020 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€459k€371k▼ 19.2%€702k▲ 89.2%€1.24M▲ 76.9%
2022: €459k
2023: €371k▼ -19.2% vs 2022lowest in 4 years
2024: €702k▲ +89.2% vs 2023
2025: €1.24M▲ +76.9% vs 2024highest in 4 years
Equity€15k-€47k▲ 219%€49k▲ 4.5%€68k▲ 37.9%€75k▲ 11.0%
2021: €15klowest in 5 years
2022: €47k▲ +219% vs 2021
2023: €49k▲ +4.5% vs 2022
2024: €68k▲ +37.9% vs 2023
2025: €75k▲ +11.0% vs 2024highest in 5 years
Operating result€19k-€33k▲ 78.9%€2k▼ 93.6%€18k▲ 763%€11k▼ 42.0%
2021: €19k
2022: €33k▲ +78.9% vs 2021highest in 5 years
2023: €2k▼ -93.6% vs 2022lowest in 5 years
2024: €18k▲ +763% vs 2023
2025: €11k▼ -42.0% vs 2024
Net result€10k-€33k▲ 243%€2k▼ 93.5%€18k▲ 746%€7k▼ 58.7%
2021: €10k
2022: €33k▲ +243% vs 2021highest in 5 years
2023: €2k▼ -93.5% vs 2022lowest in 5 years
2024: €18k▲ +746% vs 2023
2025: €7k▼ -58.7% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 42% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €473k
Fixed assets
€40k ▲ 374%
Current assets
€433k ▲ 19.0%
Equity and liabilities €473k
Equity
€75k ▲ 11.0%
Debt
€398k ▲ 30.6%
Debt's share of the balance-sheet total rises from 81.8% to 84.1%. Equity and debt are higher.
Key figures and ratios
Current ratio
1.09▼
2024 · 1.22
Debt to equity
5.29▲
2024 · 4.50
ROE
9.9%▼
2024 · 26.7%
ROA
1.6%▼
2024 · 4.9%
Debt ≤ 1 year
€398k▲
2024 · €298k
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 · 31 lines
Balance sheet
Code20242025
Assets
Total assets20/58€372k€473k▲
Fixed assets21/28€8k€40k▲
Tangible fixed assets22/27€8k€40k▲
Furniture and vehicles24€8k€40k▲
Current assets29/58€364k€433k▲
Amounts receivable within one year40/41€241k€273k▲
Trade receivables40€216k€227k▲
Other amounts receivable41€25k€45k▲
Cash at bank and in hand54/58€123k€161k▲
Equity and liabilities
Total equity and liabilities10/49€372k€473k▲
Equity10/15€68k€75k▲
Contributions10/11€500€500=
Profit (loss) carried forward14€67k€75k▲
Amounts payable17/49€305k€398k▲
Amounts payable within one year42/48€298k€398k▲
Trade debts44€298k€398k▲
Suppliers440/4€298k€398k▲
Accrued charges and deferred income492/3€7k-
Income statement
Code20242025
Turnover70€702k€1.24M▲
Goods, raw materials, services and sundry goods60/61€672k€153k▼
Other operating charges640/8€2k€4k▲
Non-recurring operating charges66A€10k-
Gross operating margin9900€30k€14k▼
Operating profit (loss)9901€18k€11k▼
Financial charges65/66B€367€3k▲
Recurring financial charges65€367€3k▲
Profit (loss) for the period before taxes9903€18k€7k▼
Profit (loss) for the period9904€18k€7k▼
Profit (loss) for the period to be appropriated9905€18k€7k▼
Appropriation of the result
Profit (loss) to be appropriated9906€67k€75k▲
Profit (loss) brought forward from the previous period14P€49k€67k▲
The notes to these accounts (3 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 |
|---|---|---|---|---|---|---|
| Turnover70 | - | €459k | €371k | €702k | €1.24M | ▲ 76.9% |
| Goods, raw materials, services and sundry goods60/61 | - | €414k | €358k | €672k | €153k | ▼ 77.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €5k | - | - | - | - |
| Other operating charges640/8 | €4k | €7k | €441 | €2k | €4k | ▲ 145% |
| Non-recurring operating charges66A | - | - | - | €10k | - | - |
| Gross operating margin9900 | €22k | €45k | €3k | €30k | €14k | ▼ 51.7% |
| Operating profit (loss)9901 | €19k | €33k | €2k | €18k | €11k | ▼ 42.0% |
| Financial income75/76B | €1k | - | - | - | - | - |
| Recurring financial income75 | €1k | - | - | - | - | - |
| Financial charges65/66B | €5k | €424 | - | €367 | €3k | ▲ 780% |
| Recurring financial charges65 | €5k | €424 | - | €367 | €3k | ▲ 780% |
| Profit (loss) for the period before taxes9903 | €15k | €33k | €2k | €18k | €7k | ▼ 58.7% |
| Income taxes67/77 | €6k | - | - | - | - | - |
| Profit (loss) for the period9904 | €10k | €33k | €2k | €18k | €7k | ▼ 58.7% |
| Profit (loss) for the period to be appropriated9905 | €10k | €33k | €2k | €18k | €7k | ▼ 58.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €442k | €189k | €255k | €372k | €473k | ▲ 27.0% |
| Fixed assets21/28 | - | €8k | €8k | €8k | €40k | ▲ 374% |
| Tangible fixed assets22/27 | - | €8k | €8k | €8k | €40k | ▲ 374% |
| Furniture and vehicles24 | - | €8k | €8k | €8k | €40k | ▲ 374% |
| Current assets29/58 | €442k | €181k | €246k | €364k | €433k | ▲ 19.0% |
| Amounts receivable within one year40/41 | €439k | €130k | €179k | €241k | €273k | ▲ 13.0% |
| Trade receivables40 | €415k | €123k | €143k | €216k | €227k | ▲ 5.0% |
| Other amounts receivable41 | €24k | €7k | €36k | €25k | €45k | ▲ 83.2% |
| Cash at bank and in hand54/58 | €3k | €28k | €36k | €123k | €161k | ▲ 30.9% |
| Deferred charges and accrued income490/1 | - | €23k | €32k | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €442k | €189k | €255k | €372k | €473k | ▲ 27.0% |
| Equity10/15 | €15k | €47k | €49k | €68k | €75k | ▲ 11.0% |
| Contributions10/11 | €500 | - | - | €500 | €500 | = |
| Capital10 | €500 | - | - | - | - | - |
| Issued capital100 | €500 | - | - | - | - | - |
| Reserves13 | €50 | - | - | - | - | - |
| Non-distributable reserves130/1 | €50 | - | - | - | - | - |
| Legal reserve130 | €50 | - | - | - | - | - |
| Profit (loss) carried forward14 | €14k | €47k | €49k | €67k | €75k | ▲ 11.1% |
| Amounts payable17/49 | €427k | €142k | €206k | €305k | €398k | ▲ 30.6% |
| Amounts payable within one year42/48 | €427k | €142k | €206k | €298k | €398k | ▲ 33.6% |
| Current portion of amounts payable after more than one year42 | - | €4k | €8k | - | - | - |
| Trade debts44 | €419k | €135k | €198k | €298k | €398k | ▲ 33.6% |
| Suppliers440/4 | €419k | €135k | €198k | €298k | €398k | ▲ 33.6% |
| Taxes, remuneration and social security45 | €8k | - | - | - | - | - |
| Taxes450/3 | €8k | - | - | - | - | - |
| Other amounts payable47/48 | - | €3k | - | - | - | - |
| Accrued charges and deferred income492/3 | - | - | - | €7k | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €10k | €33k | €2k | €18k | €7k | ▼ 58.7% |
| + Depreciation and write-downs630 | - | €5k | - | - | - | - |
| Operating cash flow (approximation) | €10k | €37k | €2k | €18k | €7k | ▼ 58.7% |
| Investment in fixed assets (approximation) | - | - | €0 | €0 | €-31k | - |
| Change in cash | - | €25k | €8k | €87k | €38k | ▼ 56.2% |
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
2026
30-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
16-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 77 days late
2024
02-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 33 days late
26-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 210 days late
2023
31-12
Financial
Weakest financial yearnet €2k ▼93.5%
Net result drops to €2k, the lowest in the series; recovery starts the following year.
2022
31-12
Financial
Highest result since 2020net €33k ▲243%
Operating result €33k, net result €33k, both a record.
08-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 100 days late
21-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 174 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Etterbeek
Ground area
171 m²
Building footprint
172 m²
Volume, LiDAR
1,708 m³
Parcel 21005A0121/00A002, Brussels · tallest building 17.4 m, ±4 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21005A0121/00A002 | Brussels | 171 m² | 1 · 172 m² | 17.4 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 15,521 companies in sector 43990 we hold annual accounts for 7,414. 6,230 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
Founded06-01-2020
Fiscal year end31-12
Activities, NACEBEL 2025
43990Other specialised construction activities
43320Joinery installation
81210General cleaning of buildings
Scores and ratios are computed by Checked and are not a credit decision.