Zengoh
ActiveSummary
Zengoh has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €85,957 and a net result of €65,442. Equity is shrinking by ~14.2% per year across the filed fiscal years. Its solvency ranks better than 67% of 9341 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency78▼-22
Growth58=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7,000 at 30 days acceptable
Liquidity tight (current ratio 1.14 against 11.45 in 2024; short-term debt: 46.5% and cash: 39.1% of total assets), and 47.4% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers 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
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
52.6%
Return on assets
40%
Age of the figures
9 mo
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 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
22 d early
2023
16 d early
2022
3 d early
2021
31 d late
2020
4 d early
2019
31 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 6 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. Usually files around 28 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, abbreviated schema
In the rankings
#8 oldest company in Halen, Real estate sector
Equity
€85,957▼ 53.9%
2024 · €186,516
Total assets
€163,443▼ 19.0%
2024 · €201,801
Net result
€65,442▲ 9.7%
2024 · €59,642
Working capital
€11,006▼ 90.2%
2024 · €112,847
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€63,440=€60,953▼ 3.9%€68,761▲ 12.8%€79,762▲ 16.0%€86,346▲ 8.3%
Net result€50,224within the sector's middle half▼ 1.0%€47,077within the sector's middle half▼ 6.3%€50,104within the sector's middle half▲ 6.4%€59,642within the sector's middle half▲ 19.0%€65,442within the sector's middle half▲ 9.7%
Equity€226,526within the sector's middle half▼ 30.6%€76,770below the sector's middle half▼ 66.1%€126,874within the sector's middle half▲ 65.3%€186,516within the sector's middle half▲ 47.0%€85,957within the sector's middle half▼ 53.9%
Total assets€244,398below the sector's middle half▼ 27.3%€276,003below the sector's middle half▲ 12.9%€185,886below the sector's middle half▼ 32.7%€201,801below the sector's middle half▲ 8.6%€163,443below the sector's middle half▼ 19.0%
Debt€17,872▲ 78.3%€199,234▲ 1,015%€59,012▼ 70.4%€15,285▼ 74.1%€77,485▲ 407%
Working capital€120,945within the sector's middle half▼ 42.4%-€17,867within the sector's middle half€49,510within the sector's middle half€112,847within the sector's middle half▲ 128%€11,006within the sector's middle half▼ 90.2%
Solvency92.7%above the sector's middle half▼ 4.3pp27.8%within the sector's middle half▼ 64.9pp68.3%above the sector's middle half▲ 40.4pp92.4%above the sector's middle half▲ 24.2pp52.6%within the sector's middle half▼ 39.8pp
Current ratio8.01above the sector's middle half▼ 15.480.91within the sector's middle half▼ 7.101.94within the sector's middle half▲ 1.0311.45above the sector's middle half▲ 9.501.14within the sector's middle half▼ 10.30
Return on assets (ROA)20.6%above the sector's middle half▲ 5.5pp17.1%above the sector's middle half▼ 3.5pp27.0%above the sector's middle half▲ 9.9pp29.6%above the sector's middle half▲ 2.6pp40.0%above the sector's middle half▲ 10.5pp
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.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 8% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €163,443
Fixed assets
€76,373 ▼ 2.3%
Current assets
€87,070 ▼ 29.6%
Equity and liabilities €163,443
Equity
€85,957 ▼ 53.9%
Debt
€77,485 ▲ 407%
Debt's share of the balance-sheet total rises from 7.6% to 47.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€88,123▲
2024 · €85,581
Cash flow
€67,220▲
2024 · €65,460
Debt to equity
0.90▲
2024 · 0.08
ROE
76.1%▲
2024 · 32.0%
Interest coverage
151.74▲
2024 · 25.97
Debt ≤ 1 year
€76,064▲
2024 · €10,803
Income taxes
€21,981▲
2024 · €20,416
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,696 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.7%
went bankrupt
3.9%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 34,696 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 | €10,775 | €10,775 | €10,775 | €5,819 | €1,778 | ▼ 69.4% |
| Other operating charges640/8 | €10,627 | €10,891 | €11,899 | €12,343 | €12,767 | ▲ 3.4% |
| Gross operating margin9900 | €84,841 | €82,619 | €91,435 | €97,923 | €100,891 | ▲ 3.0% |
| Operating profit (loss)9901 | €63,440 | €60,953 | €68,761 | €79,762 | €86,346 | ▲ 8.3% |
| Financial income75/76B | €4,529 | €2,627 | €2,959 | €3,590 | €1,658 | ▼ 53.8% |
| Recurring financial income75 | €4,529 | €2,627 | €2,959 | €3,590 | €1,658 | ▼ 53.8% |
| Financial charges65/66B | €537 | €410 | €4,236 | €3,295 | €581 | ▼ 82.4% |
| Recurring financial charges65 | €537 | €410 | €4,236 | €3,295 | €581 | ▼ 82.4% |
| Profit (loss) for the period before taxes9903 | €67,432 | €63,170 | €67,484 | €80,057 | €87,423 | ▲ 9.2% |
| Income taxes67/77 | €17,208 | €16,093 | €17,380 | €20,416 | €21,981 | ▲ 7.7% |
| Profit (loss) for the period9904 | €50,224 | €47,077 | €50,104 | €59,642 | €65,442 | ▲ 9.7% |
| Profit (loss) for the period to be appropriated9905 | €50,224 | €47,077 | €50,104 | €59,642 | €65,442 | ▲ 9.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €244,398 | €276,003 | €185,886 | €201,801 | €163,443 | ▼ 19.0% |
| Fixed assets21/28 | €106,202 | €95,427 | €83,969 | €78,151 | €76,373 | ▼ 2.3% |
| Tangible fixed assets22/27 | €106,202 | €95,427 | €83,969 | €78,151 | €76,373 | ▼ 2.3% |
| Land and buildings22 | €106,202 | €95,427 | €83,969 | €78,151 | €76,373 | ▼ 2.3% |
| Current assets29/58 | €138,196 | €180,576 | €101,916 | €123,650 | €87,070 | ▼ 29.6% |
| Amounts receivable within one year40/41 | €112,310 | €46,076 | €62,039 | €57,440 | €3,590 | ▼ 93.8% |
| Other amounts receivable41 | €112,310 | €46,076 | €62,039 | €57,440 | €3,590 | ▼ 93.8% |
| Cash at bank and in hand54/58 | €25,654 | €125,177 | €36,919 | €62,620 | €63,884 | ▲ 2.0% |
| Deferred charges and accrued income490/1 | €232 | €9,323 | €2,959 | €3,590 | €19,595 | ▲ 446% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €244,398 | €276,003 | €185,886 | €201,801 | €163,443 | ▼ 19.0% |
| Equity10/15 | €226,526 | €76,770 | €126,874 | €186,516 | €85,957 | ▼ 53.9% |
| Contributions10/11 | €76,763 | €76,763 | €76,763 | €76,763 | €76,763 | = |
| Reserves13 | €149,762 | €7 | €50,111 | €109,752 | €9,194 | ▼ 91.6% |
| Non-distributable reserves130/1 | €7,683 | €7 | €7 | €7 | €7 | = |
| Reserves not available under the articles1311 | €7,676 | €7 | €7 | - | - | - |
| Other1319 | €7 | - | - | €7 | €7 | = |
| Distributable reserves133 | €142,079 | - | €50,104 | €109,746 | €9,187 | ▼ 91.6% |
| Amounts payable17/49 | €17,872 | €199,234 | €59,012 | €15,285 | €77,485 | ▲ 407% |
| Amounts payable within one year42/48 | €17,251 | €198,443 | €52,406 | €10,803 | €76,064 | ▲ 604% |
| Financial debts43 | €17,000 | - | - | - | - | - |
| Credit institutions430/8 | €17,000 | - | - | - | - | - |
| Trade debts44 | - | €1,358 | €2,012 | €11 | €88 | ▲ 719% |
| Suppliers440/4 | - | €1,358 | €2,012 | €11 | €88 | ▲ 719% |
| Taxes, remuneration and social security45 | €208 | €208 | €3,380 | €9,795 | €6,981 | ▼ 28.7% |
| Taxes450/3 | €208 | €208 | €3,380 | €9,795 | €6,981 | ▼ 28.7% |
| Other amounts payable47/48 | €43 | €196,877 | €47,014 | €997 | €68,996 | ▲ 6,821% |
| Accrued charges and deferred income492/3 | €621 | €791 | €6,606 | €4,482 | €1,421 | ▼ 68.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €50,224 | €47,077 | €50,104 | €59,642 | €65,442 | ▲ 9.7% |
| + Depreciation and write-downs630 | €10,775 | €10,775 | €10,775 | €5,819 | €1,778 | ▼ 69.4% |
| Operating cash flow (approximation) | €60,999 | €57,852 | €60,879 | €65,460 | €67,220 | ▲ 2.7% |
| Investment in fixed assets (approximation) | - | €0 | €683 | €0 | €0 | - |
| Change in cash | - | €99,523 | -€88,258 | €25,701 | €1,264 | ▼ 95.1% |
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
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2018net €65,442 ▲9.7%
Operating result €86,346, net result €65,442, both a record.
09-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Liquidity times 6current ratio 11.45
Current ratio from 1.94 to 11.45; short-term debt falls from €52,406 to €10,803.
31-12
Financial
Equity above €150,000Eq €186,516 ▲47%
7 profitable years in a row build equity to €186,516.
15-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Liquidity doublescurrent ratio 1.94
Current ratio from 0.91 to 1.94; short-term debt falls from €198,443 to €52,406.
31-12
Financial
Equity above €100,000Eq €126,874 ▲65.3%
6 profitable years in a row build equity to €126,874.
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
27-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Liquidity times 6current ratio 23.49
Current ratio from 3.93 to 23.49; short-term debt falls from €50,936 to €9,338.
Show earlier events
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
29-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
25-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
24-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
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.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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, Halen · 1 establishment unit since 2009
Ground area
731 m²
Building footprint
14 m²
Volume, LiDAR
26 m³
Parcel 71020B0816/00L004, Flanders · tallest building 2.0 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
ZENOGH
since 20092.184.701.504
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71020B0816/00L004indicative | Flanders | 731 m² | 1 · 14 m² | 2.0 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
0 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
1 ownerChain of control
- SENS INVEST
- Zengoh
Highest known parent: SENS INVEST. The sources do not say who stands above it.
Owners 1
- SENS INVESTparent99.88%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Similar companies · same sector, comparable size
B4W
BE 0787.204.884
Liège · Eq €86,006
LIBOU
BE 0804.015.776
Kortrijk · Eq €86,009
TOCK GROUP
BE 0792.184.350
Anderlues · Eq €86,096
Papengoed
BE 0426.030.730
Waasmunster · Eq €85,784
LEEUWERIKENVELD
BE 0440.032.976
Linter · Eq €85,781
Of 12,042 companies in sector 68203 we hold annual accounts for 6,005. 3,650 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
Founded13-11-2009
Fiscal year end31-12
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
E-invoicing
Reachable via Peppol
Peppol ID
0208:0820952966
Also
9925:BE0820952966
Registered
21-10-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.