ZENBOC
ActiveSummary
The annual accounts of ZENBOC for fiscal year 2025 show a net loss of 67% of the equity at the start of that year. The 2025 annual accounts show equity of €63,835 and a net result of -€128,057. Equity is shrinking by ~2.7% per year across the filed fiscal years. Its solvency ranks better than 18% of 4577 sector peers (fiscal year 2025). The company has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability22▲+13
Solvency30▼-20
Growth32=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,000 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.48 against 1.31 in 2024; short-term debt: 23.1% and cash: 0.7% of total assets), and 95.4% of the assets are financed with debt.
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Signals
Six 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
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← 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
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€128,057
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 4577 sector peers (2025).
NBB · sector comparisonPosition among 4577 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 09-04-2026, 113 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
113 d early
2024
42 d early
2023
134 d early
2022
56 d early
2021
54 d early
2020
47 d early
2019
7 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 65 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€128,057▼ 110%
2024 · -€60,945
Working capital
-€165,976
2024 · €180,013
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€83,158▼ 19.2%-€6,713-€8,444▼ 25.8%-€34,040▼ 303%-€89,000▼ 161%
Net result€58,513above the sector's middle half▼ 19.0%-€2,989within the sector's middle half-€11,991below the sector's middle half▼ 301%-€60,945below the sector's middle half▼ 408%-€128,057below the sector's middle half▼ 110%
Equity€267,817within the sector's middle half▲ 28.0%€264,828within the sector's middle half▼ 1.1%€252,836within the sector's middle half▼ 4.5%€191,892within the sector's middle half▼ 24.1%€63,835below the sector's middle half▼ 66.7%
Total assets€267,985within the sector's middle half▼ 40.8%€306,556within the sector's middle half▲ 14.4%€515,129within the sector's middle half▲ 68.0%€767,047within the sector's middle half▲ 48.9%€1.4mwithin the sector's middle half▲ 79.7%
Debt€168▼ 99.9%€41,729▲ 24,733%€262,293▲ 529%€575,156▲ 119%€1.3m▲ 129%
Working capital€265,986▲ 29.4%€263,485▼ 0.9%€295,624▲ 12.2%€180,013▼ 39.1%-€165,976
Solvency99.9%above the sector's middle half▲ 53.7pp86.4%above the sector's middle half▼ 13.5pp49.1%within the sector's middle half▼ 37.3pp25.0%within the sector's middle half▼ 24.1pp4.6%below the sector's middle half▼ 20.4pp
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €89,000 in 2025 against €34,040 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.4m
Fixed assets
€1.2m ▲ 10,224%
Current assets
€152,118 ▼ 79.9%
Equity and liabilities €1.4m
Equity
€63,835 ▼ 66.7%
Debt
€1.3m ▲ 129%
Debt's share of the balance-sheet total rises from 75.0% to 95.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€70,784▲
2024 · -€32,903
Cash flow
€31,727▲
2024 · -€59,807
Current ratio
0.48▼
2024 · 1.31
Quick ratio
0.48▼
2024 · 0.77
Debt to equity
20.59▲
2024 · 3.00
ROE
-200.6%▼
2024 · -31.8%
ROA
-9.3%▼
2024 · -7.9%
Interest coverage
1.82▲
2024 · -1.04
Debt ≤ 1 year
€318,094▼
2024 · €575,156
Debt > 1 year
€996,581
Income taxes
€109▼
2024 · €136
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 912 companies that looked in July 2024 the way this one looks now, 2.0% went bankrupt within 24 months and 95% are still going.
- Small
- 10 to 20 years old
- solvency under 10%
- a small loss
2.0%
went bankrupt
2.1%
stopped otherwise
95%
still going
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.4% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 912 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,374 | €516 | €456 | €1,137 | €159,784 | ▲ 13,948% |
| Other operating charges640/8 | €1,456 | €423 | €674 | €929 | €4,274 | ▲ 360% |
| Gross operating margin9900 | €85,988 | -€5,775 | -€7,314 | -€31,974 | €75,059 | ▲ 335% |
| Operating profit (loss)9901 | €83,158 | -€6,713 | -€8,444 | -€34,040 | -€89,000 | ▼ 161% |
| Financial income75/76B | €3,022 | €4,697 | €4,833 | €5,019 | - | - |
| Recurring financial income75 | €3,022 | €4,697 | €4,833 | €5,019 | - | - |
| Financial charges65/66B | €376 | €973 | €8,381 | €31,787 | €38,948 | ▲ 22.5% |
| Recurring financial charges65 | €376 | €973 | €8,381 | €31,787 | €38,948 | ▲ 22.5% |
| Profit (loss) for the period before taxes9903 | €85,804 | -€2,989 | -€11,991 | -€60,809 | -€127,948 | ▼ 110% |
| Income taxes67/77 | €27,291 | - | - | €136 | €109 | ▼ 20.2% |
| Profit (loss) for the period9904 | €58,513 | -€2,989 | -€11,991 | -€60,945 | -€128,057 | ▼ 110% |
| Profit (loss) for the period to be appropriated9905 | €58,513 | -€2,989 | -€11,991 | -€60,945 | -€128,057 | ▼ 110% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €267,985 | €306,556 | €515,129 | €767,047 | €1.4m | ▲ 79.7% |
| Fixed assets21/28 | €1,831 | €1,343 | €2,017 | €11,879 | €1.2m | ▲ 10,224% |
| Tangible fixed assets22/27 | €1,481 | €1,343 | €2,017 | €1,879 | €1.2m | ▲ 64,636% |
| Land and buildings22 | - | - | - | - | €971,907 | - |
| Plant, machinery and equipment23 | - | - | - | - | €243,763 | - |
| Furniture and vehicles24 | €1,481 | €1,343 | €2,017 | €1,879 | €722 | ▼ 61.6% |
| Financial fixed assets28 | €350 | - | - | €10,000 | €10,000 | = |
| Current assets29/58 | €266,154 | €305,213 | €513,112 | €755,168 | €152,118 | ▼ 79.9% |
| Amounts receivable after more than one year29 | - | - | - | €76,000 | €76,000 | = |
| Other amounts receivable291 | - | - | - | €76,000 | €76,000 | = |
| Stocks and contracts in progress3 | €500 | €500 | €110,008 | €310,039 | €500 | ▼ 99.8% |
| Stocks30/36 | €500 | €500 | €110,008 | €310,039 | €500 | ▼ 99.8% |
| Amounts receivable within one year40/41 | €240,383 | €243,901 | €307,527 | €285,904 | €64,872 | ▼ 77.3% |
| Trade receivables40 | €88 | - | €2,054 | €5,130 | - | - |
| Other amounts receivable41 | €240,295 | €243,901 | €305,473 | €280,774 | €64,872 | ▼ 76.9% |
| Cash at bank and in hand54/58 | €25,271 | €60,812 | €94,772 | €82,993 | €10,313 | ▼ 87.6% |
| Deferred charges and accrued income490/1 | - | - | €806 | €231 | €433 | ▲ 87.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €267,985 | €306,556 | €515,129 | €767,047 | €1.4m | ▲ 79.7% |
| Equity10/15 | €267,817 | €264,828 | €252,836 | €191,892 | €63,835 | ▼ 66.7% |
| Contributions10/11 | €90,000 | €90,000 | €90,000 | €90,000 | €90,000 | = |
| Reserves13 | €137,795 | €137,795 | €137,795 | €137,795 | €130,795 | ▼ 5.1% |
| Non-distributable reserves130/1 | €7,000 | €7,000 | - | - | - | - |
| Reserves not available under the articles1311 | €7,000 | €7,000 | - | - | - | - |
| Distributable reserves133 | €130,795 | €130,795 | €137,795 | €137,795 | €130,795 | ▼ 5.1% |
| Profit (loss) carried forward14 | €40,022 | €37,033 | €25,041 | -€35,903 | -€156,960 | ▼ 337% |
| Amounts payable17/49 | €168 | €41,729 | €262,293 | €575,156 | €1.3m | ▲ 129% |
| Amounts payable after more than one year17 | - | - | €44,804 | - | €996,581 | - |
| Financial debts170/4 | - | - | €44,804 | - | €996,581 | - |
| Amounts payable within one year42/48 | €168 | €41,729 | €217,489 | €575,156 | €318,094 | ▼ 44.7% |
| Current portion of amounts payable after more than one year42 | - | - | - | €310,000 | €53,419 | ▼ 82.8% |
| Trade debts44 | €168 | €171 | €1,779 | €5,247 | €255 | ▼ 95.1% |
| Suppliers440/4 | €168 | €171 | €1,779 | €5,247 | €255 | ▼ 95.1% |
| Taxes, remuneration and social security45 | - | €268 | €2,099 | €5,617 | €109 | ▼ 98.1% |
| Taxes450/3 | - | €268 | €2,099 | €5,617 | €109 | ▼ 98.1% |
| Other amounts payable47/48 | - | €41,289 | €213,611 | €254,292 | €264,311 | ▲ 3.9% |
| Accrued charges and deferred income492/3 | - | - | - | €0 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €58,513 | -€2,989 | -€11,991 | -€60,945 | -€128,057 | ▼ 110% |
| + Depreciation and write-downs630 | €1,374 | €516 | €456 | €1,137 | €159,784 | ▲ 13,948% |
| Operating cash flow (approximation) | €59,887 | -€2,473 | -€11,535 | -€59,807 | €31,727 | ▲ 153% |
| Investment in fixed assets (approximation) | - | -€28 | -€1,130 | -€10,999 | -€1.4m | ▼ 12,394% |
| Change in cash | - | €35,541 | €33,959 | -€11,779 | -€72,680 | ▼ 517% |
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
09-04
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Weakest financial yearnet -€128,057
Net result drops to -€128,057, the lowest in the series.
19-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
19-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
05-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
07-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Liquidity times 859current ratio 1583.87
Current ratio from 1.84 to 1583.87; short-term debt falls from €243,379 to €168.
14-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €72,282
Net result €72,282 after one loss-making year.
31-12
Financial
Equity above €200,000Eq €209,304 ▲8.2%
Equity rises from €193,409 to €209,304.
24-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
21-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 21 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Jemeppe-sur-Sambre · 1 establishment unit since 2015
Ground area
4,749 m²
Building footprint
333 m²
Volume, LiDAR
2,315 m³
Parcel 92091B0210/00A000, Wallonia · tallest building 10.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
zenboc
since 20152.247.480.102
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92091B0210/00A000 | Wallonia | 4,749 m² | 1 · 333 m² | 10.8 m · 2 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 9,699 companies in sector 68121 we hold annual accounts for 7,385. 5,167 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
Founded13-03-2015
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
E-invoicing
Reachable via Peppol
Peppol ID
0208:0600950632
Also
9925:BE0600950632
Registered
13-01-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.