ZENAB
ActiveZENAB has been active since 1986 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.08M and a net result of €-31k. Equity remains stable across the filed fiscal years (±0.3% per year). Its solvency ranks better than 78% of 13898 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency70▼-6
Growth52=
Stability100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50k at 30 days acceptable
Liquidity short (current ratio 0.65 against 0.93 in 2024), and 31.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
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
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
68.9%
Return on assets
-2%
Age of the figures
8 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity fell accordingly. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
18202122232425
2018 to 2025 · latest year -€31k
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 01-07-2026, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
30 d early
2024
20 d late
2023
8 d late
2022
28 d late
2021
31 d late
2020
19 d late
2019
122 d late
← before the deadline
after the deadline →
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
13-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-31k▲ 21.0%
2024 · €-39k
2018: €40k
2020: €-166k
2021: €-96k
2022: €114k
2023: €-44k
2024: €-39k
2018 → 2025
Working capital
€-52k▼ 408%
2024 · €-10k
2018: €-65k
2020: €-162k
2021: €-105k
2022: €18k
2023: €-12k
2024: €-10k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.09M-€1.21M▲ 10.1%€1.16M▼ 3.9%€1.12M▼ 3.6%€1.08M▼ 3.0%
Operating result€-98k-€120k€-38k€-34k▲ 11.2%€-27k▲ 20.1%
Net result€-96k-€114k€-44k€-39k▲ 10.9%€-31k▲ 21.0%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €27k in 2025 against €34k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.57M
Fixed assets
€1.47M▼ 2.0%
Current assets
€97k▼ 32.4%
Equity and liabilities €1.57M
Equity
€1.08M▼ 3.0%
Provisions
€95k▼ 3.9%
Debt
€395k▼ 9.2%
The debt ratio falls from 26.3% to 25.1%: debt falls faster than equity shrinks.
Key figures and ratios
EBITDA
€25k▼
2024 · €27k
Cash flow
€21k▼
2024 · €22k
Solvency
68.9%▲
2024 · 67.7%
Current ratio
0.65▼
2024 · 0.93
Quick ratio
0.65▼
2024 · 0.93
Debt / equity
0.36▼
2024 · 0.39
ROE
-2.9%▲
2024 · -3.5%
ROA
-2.0%▲
2024 · -2.4%
Interest coverage
2.36▲
2024 · 2.26
Debt
€395k▼
2024 · €435k
Debt ≤ 1 year
€149k▼
2024 · €154k
Debt > 1 year
€240k▼
2024 · €275k
Income taxes
€136▲
2024 · €99
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.65M€1.57M▼
Fixed assets21/28€1.51M€1.47M▼
Tangible fixed assets22/27€1.50M€1.47M▼
Land and buildings22€1.48M€1.45M▼
Plant, machinery and equipment23€18k€18k▲
Furniture and vehicles24€8k€5k▼
Financial fixed assets28€1k€1k=
Current assets29/58€144k€97k▼
Amounts receivable within one year40/41€1k€1k=
Other amounts receivable41€1k€1k=
Cash at bank and in hand54/58€139k€94k▼
Deferred charges and accrued income490/1€3k€2k▼
Equity and liabilities
Total equity and liabilities10/49€1.65M€1.57M▼
Equity10/15€1.12M€1.08M▼
Contributions10/11€516k€516k=
Reserves13€614k€603k▼
Non-distributable reserves130/1€30k€30k=
Reserves not available under the articles1311€30k€30k=
Tax-exempt reserves132€299k€287k▼
Distributable reserves133€285k€285k=
Profit (loss) carried forward14€-21k€-41k▼
Investment grants15€8k€5k▼
Provisions and deferred taxes16€98k€95k▼
Deferred taxes168€98k€95k▼
Amounts payable17/49€435k€395k▼
Amounts payable after more than one year17€275k€240k▼
Financial debts170/4€275k€240k▼
Amounts payable within one year42/48€154k€149k▼
Trade debts44€6k€6k▼
Suppliers440/4€6k€6k▼
Taxes, remuneration and social security45€4k€3k▼
Taxes450/3€4k€3k▼
Other amounts payable47/48€144k€140k▼
Accrued charges and deferred income492/3€5k€5k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€61k€52k▼
Other operating charges640/8€11k€11k▲
Gross operating margin9900€38k€36k▼
Operating profit (loss)9901€-34k€-27k▲
Financial income75/76B€3k€3k▼
Recurring financial income75€3k€3k▼
Financial charges65/66B€12k€10k▼
Recurring financial charges65€12k€10k▼
Profit (loss) for the period before taxes9903€-43k€-35k▲
Transfer from deferred taxes780€4k€4k=
Income taxes67/77€99€136▲
Profit (loss) for the period9904€-39k€-31k▲
Transfer from tax-exempt reserves789€12k€12k=
Profit (loss) for the period to be appropriated9905€-28k€-19k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-21k€-41k▼
Profit (loss) brought forward from the previous period14P€6k€-21k▼
The notes to these accounts (15 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
01-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
20-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 20 days late
2024
08-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 8 days late
2023
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 28 days late
2022
31-12
Financial
Back to profitnet €114k
Net result €114k after 2 loss-making years.
31-12
Financial
Liquidity doublescurrent ratio 1.09
Current ratio from 0.47 to 1.09; short-term debt falls from €198k to €192k.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
19-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 19 days late
2020
31-12
Financial
Weakest financial yearnet €-166k ▼510%
Net result drops to €-166k, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €1MEq €1.19M ▲231%
Equity rises from €361k to €1.19M.
30-11
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 122 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 29 days late
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 27 days late
2017
11-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 11 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
8 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, Ukkel · 1 establishment unit since 1987
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Wilderoselaarslaan 391180 UkkelGround area
1,797 m²
Building footprint
270 m²
Volume, LiDAR
2,319 m³
2 parcels, Brussels · tallest building 16.0 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
ZENAB
since 19872.033.374.871
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21614H0056/02H084 | Brussels | 1,646 m² | 1 · 148 m² | 10.3 m · 3 fl. |
| 21612C0056/02L078 | Brussels | 150 m² | 1 · 121 m² | 15.9 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
JADIMAR
BE 0466.541.492
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SELEX'IM
BE 0896.557.934
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RB INVEST
BE 0456.875.641
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DESMECOM
BE 0445.507.835
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DE VUNT
BE 0413.235.044
Holsbeek · Eq €1.08M
Of 9,094 companies in sector 68201 we hold annual accounts for 6,725. 4,759 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded22-12-1986
Fiscal year end31-12
Activities, NACEBEL
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
Sources
Crossroads Bank for EnterprisesNational Bank · 39 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.