Losses
-€555,906 in three years
Every financial year from 2023 to 2025 closed with a loss. 2024 was the heaviest.
Zenchef Belgium
Lifetime
13 annual accounts with figures on one time axispeak €2.3m (2025)
€2.3m▲ 294%
lowest -€439,792 (2024)
-€41,737▲ €398,056
peak €949,163 (2025)
€949,163▲ 21.4%
€4.6m▲ 11.6%
peak 16.6 FTE (2025)
16.6 FTE
Board4 names since 2015
1 directorVALIDOR MANAGEMENT
Owners
Documentsfilings and deeds
20-08-202620 days late
2025abbreviated format
Gross margin from €582,637 to €2.3mLoss of €41,737Merger: Tablebooker takes over ANT Networks 25-06Merger: Tablebooker takes over ANT Networks 26-02Deed on capital and restructuring 12-02Merger: TABLEBOOKER takes over RESTOFACTORY 12-02
Key points
from the 2025 annual accountsDebts
€4.6m 83% of the balance sheet
Suppliers 4%Taxes and wages 16%Other 81%
Of this, €3.5m falls due within a year.
Staff
21 employees on 31-12-2025
In 2025, 15 people joined and 7 left.
Filings
13 annual accounts since 2013
Ten of the last ten came late. The 2024 accounts came latest: 118 days after the end of the period.
Restructuring
3
3 restructurings since 2025. Latest: merger with ANT Networks.
Position in the sector
-€41,737
Lower net result than 90% of companies in advertising and market research. Sector median €16,334 · 2,087 companies.
Net result +91%: merger
Checked score
68
Healthy
Financially stronger than 36% of small companies in advertising and market research (NACE 73)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
0.7% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 722 companies (NACE 73, small).
About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.0%
01-2025: 1.0%● unchanged vs 12-2024
02-2025: 1.0%● unchanged vs 01-2025
03-2025: 1.0%● unchanged vs 02-2025
04-2025: 1.0%● unchanged vs 03-2025
05-2025: 1.0%● unchanged vs 04-2025
06-2025: 1.0%● unchanged vs 05-2025
07-2025: 1.2%▲ +0.2 percentage points vs 06-2025
08-2025: 1.6%▲ +0.4 percentage points vs 07-2025
09-2025: 1.8%▲ +0.2 percentage points vs 08-2025
10-2025: 2.5%▲ +0.7 percentage points vs 09-2025
11-2025: 2.5%● unchanged vs 10-2025
12-2025: 3.1%▲ +0.6 percentage points vs 11-2025highest value
01-2026: 0.5%▼ -2.6 percentage points vs 12-2025lowest value
02-2026: 0.5%● unchanged vs 01-2026lowest value
03-2026: 1.0%▲ +0.5 percentage points vs 02-2026
04-2026: 1.0%● unchanged vs 03-2026
05-2026: 0.9%▼ -0.1 percentage points vs 04-2026
06-2026: 1.2%▲ +0.3 percentage points vs 05-2026
07-2026: 1.3%▲ +0.1 percentage points vs 06-2026
08-2026: 1.6%▲ +0.3 percentage points vs 07-2026
09-2026: 0.7%▼ -0.9 percentage points vs 08-2026
10-2026: 0.7%● unchanged vs 09-2026
11-2026: 0.7%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
1 change of registered office in 24 months
Last filed accounts filed 20 days late; 1 of the last 3 accounts late
Equity €949,163 (17.2% of total assets)
lowers risk
Figures for financial year 2025 (filed on 25-08-2026)
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 73, small). It does better than 20% of them on solvency, 21% on liquidity, 25% on profitability and 76% on growth.
The bankruptcy probability was computed on 06-11-2026 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, 1,423 companies had the same profile as Zenchef Belgium has now. Each dot stands for 4 companies, two years later.
96.5%
were still trading
2.2%
stopped another way
1.0%
went bankrupt
Another 0.4% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Zenchef Belgium itself: 0.7% within 12 months.
Test of the method
The method was tested on the 497,447 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 1,423 companies, not a prediction for Zenchef Belgium. 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 €60,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.56 (0.38 in 2024), below 1. Short-term debt is 63.7% and cash 11.6% of total assets. 82.8% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 20 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 20-08-2026, 20 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 · 10 filingsDeviation from the deadline
2025
20 days late
2024
118 days late
2023
22 days late
2022
92 days late
2021
58 days late
2020
40 days late
2019
89 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 63 days after the deadline. In the sector (NACE 73), the median for financial year 2024 was 6 days before the deadline, and 36% 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 27 September (4 of the last 5 accounts filed within 38 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
07-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- Zelda Netherlands B.V. all the sharesdeed of 26-02-2025
Shares in 1 company, RESTOBOOKINGS
Board & ownershipRecent changes
Registered office moved from Zaventem to Diegem
New registered office: De Kleetlaan 5BC, 1831 Diegem, België · Previous registered office: Lozenberg 11, 1932 Zaventem België · Board meeting of 21-01-2026 · Gazette deed
Merger: Tablebooker takes over ANT Networks
Company renamed from Tablebooker to Zenchef Belgium · General meeting of 03-06-2025 · Gazette deed
Merger: Tablebooker takes over ANT Networks
Zelda Netherlands B.V. holds all the shares · Resto Group BV holds all the shares · Board meeting of 04-02-2025 · Gazette deed
Deed on capital and restructuring
Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Zenchef Belgium Machelen (Brab.) | €5.5m | €2.3m | 17.2% | 16.6 |
| REDPHARMA Zaventem | €6.5m | €5.5m | 20.9% | 24.1 |
| BRIGHTBOARD Asse | €3.3m | €1.4m | 3.3% | 9.3 |
| AMPHION 2.0 Vilvoorde | €1.8m | €1.1m | 4.4% | 18.1 |
| dgtgroup BE Wommelgem | €16.0m | €3.8m | 14.5% | 24.4 |
| Agrafa Affichage Antwerp | €2.1m | €1.7m | 22.6% | 23.3 |
| Azerion Belgium Auderghem | €15.4m | €2.4m | -9.2% | 21.8 |
These companies have the same main activity as Zenchef Belgium: media representation (NACE 73120). They are comparable in size and age: total assets between €1.8m and €16m, founded between 2000 and 2013.
Official details
Source: KBO- Status
- Active since 04-10-2012Normal situation
- Registered office
- 164 active companies are registered at this address10 started in the 12 months before. Source: KBO register, as of 6 November 2026.
- Activity
- Media representationNACE 73120
- Joint committee
- 200Auxiliary committee for white-collar workers · annual accounts 2025
- Establishment unit
- 2.213.456.9551932 Zaventem, since 04-10-2012
- Financial year end
- 31 December
- Peppol
- Reachable
Annual accounts 2025
- ≈ €4.0mestimated
- €5.5m▲ 13.2%
- Employeeson 31-12-2025
- 21
- Filing
- Filed on 20-08-2026
Insights on Zenchef Belgium
Zenchef Belgium files the abbreviated format. That format states no turnover. The gross margin rose from -€25,561 in 2013 to €2.3m 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 Zenchef Belgium
- What is the company number of Zenchef Belgium?
- The company number of Zenchef Belgium is 0849.393.861. The VAT number is the same number with BE in front: BE 0849.393.861.
- Where is Zenchef Belgium based?
- The registered office is at De Kleetlaan 5BC, 1831 Machelen (Brab.).Company details
- What does Zenchef Belgium do?
- According to the KBO register, the main activity is media representation (NACE 73120).
- What is the legal form of Zenchef Belgium?
- Zenchef Belgium is a private limited company (BV).
- When was Zenchef Belgium founded?
- Zenchef Belgium was founded on 04-10-2012.
- Is Zenchef Belgium still active?
- Yes, Zenchef Belgium is an active enterprise in the KBO register.
- How many employees does Zenchef Belgium have?
- Zenchef Belgium had an average of 16.6 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does Zenchef Belgium fall under?
- In its 2025 annual accounts, Zenchef Belgium states joint committee 200 (Auxiliary committee for white-collar workers).
- What is the turnover of Zenchef Belgium?
- The turnover in financial year 2025 is ≈ €4.0m. This figure is estimated from the gross margin of €2.3m and 1,585 comparable companies of the same size. It probably lies between €2.7m and €6.5m. It is a rough estimate.
- Is Zenchef Belgium profitable?
- In financial year 2025, Zenchef Belgium made a loss of €41,737.
- Where can I find the annual accounts of Zenchef Belgium?
- Zenchef Belgium filed 13 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Zenchef Belgium due?
- Zenchef Belgium must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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