Checked.be
Active
BE 0881.425.835Private limited company
ZENIAN
Eekhoornlaan 14 ·2970 Schilde, Belgium· 20 yrs active
Sector: Business and other management consultancy
(70200)
Conclusion
ZENIAN has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €24.22M and a net result of €6.31M. Equity is growing by ~11.3% per year across the filed fiscal years. Its solvency ranks better than 95% of 3112 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Based on the State Gazette, CBE and 5 annual accounts.
Key figures
| Equity | €24.22M |
| Net result | €6.31M |
| Staff (FTE) | 6.1 |
| Better than sector | 95% |
Financial profile
97
/ 100
Exceptional profile, strong across almost every axis.
All 5 axes are computed from data Checked has read.
Health
100
Profitability
100
Solvency
100
Growth
85
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Long-established
Founded in 2006, 20 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
100
/ 100
Excellent
Computed from 6 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€150k
estimate, not credit advice
Score history
94
2021
100
2022
94
2023
85
2024
100
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 105.86 (≥ 1.5)
+10
Quick ratio
Quick ratio 105.86 (≥ 1.0)
+5
Leverage
Debt/equity 0.01 (< 1.0)
+10
Profitability
ROE 26% (≥ 10%)
+10
EBITDA margin
EBITDA-marge 28% (≥ 10%)
+8
Interest coverage
Interest coverage 32.9× (≥ 3×)
+8
Profit trend
Net profit down YoY
-3
Equity growth
Equity growing YoY
+3
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 28-07-2026 with the NBB · fiscal year 2025 · full schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing
Equity: growth of ~11.3%/year over 5 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2025 · NACE 70, Activities of head offices; management consultancy activities · compared within the same schema type (full schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 99.1% | 52.8% | |
| Net result | €6.31M | €58k | |
| Equity | €24.22M | €1.05M | |
| Staff costs | €707k | €342k | |
| Employees (FTE) | 6.1 | 3.1 |
€1.49M
+16.8%
21-25
€414k
+741.8%
21-25
€6.31M
-41.4%
21-25
€6.38M
-41.1%
21-25
€24.44M
+1.5%
21-25
€24.22M
+1.8%
21-25
€22.23M
+2.1%
21-25
6
-6.2%
21-25
€707k
+15.3%
21-25
€143k
+357.5%
21-25
€5.89M
-22.0%
21-25
€212k
-22.7%
21-25
€212k
-22.7%
21-25
105.86
+31.6%
21-25
105.86
+31.6%
21-25
99.1%
+0.3%
21-25
0.01
-24.0%
21-25
26.1%
-42.4%
21-25
25.8%
-42.2%
21-25
422.9%
-49.8%
21-25
27.7%
+620.7%
21-25
32.93
+9050.8%
21-25
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Deposit | full schema | full schema | full schema | full schema | full schema |
| Revenue | €1.49M | €1.28M | €1.06M | €951k | €547k |
| EBITDA | €414k | €49k | €456k | €442k | €251k |
| Net profit | €6.31M | €10.76M | €559k | €8.86M | €208k |
| Cash flow | €6.38M | €10.83M | €628k | €8.92M | €240k |
| Staff costs | €707k | €613k | €434k | €429k | €248k |
| Income taxes | €143k | €31k | €122k | €96k | €81k |
| Dividends | €5.89M | €7.55M | €74k | €1.81M | €250k |
| Total assets | €24.44M | €24.08M | €22.49M | €21.98M | €13.57M |
| Equity | €24.22M | €23.80M | €20.59M | €20.10M | €13.05M |
| Debt | €212k | €274k | €1.90M | €1.88M | €519k |
| of which ≤ 1y | €212k | €274k | €1.90M | €1.88M | €519k |
| of which > 1y | - | - | - | - | - |
| Working capital | €22.23M | €21.78M | €18.21M | €17.66M | €10.77M |
| Employees (FTE) | 6.1 | 6.5 | 3.4 | 3.7 | 3.2 |
Ratios (computed)
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Current ratio | 105.86 | 80.42 | 10.59 | 10.42 | 21.77 |
| Quick ratio | 105.86 | 80.42 | 10.59 | 10.42 | 21.77 |
| Working capital ratio | 91.0% | 90.5% | 81.0% | 80.3% | 79.4% |
| Solvency | 99.1% | 98.9% | 91.6% | 91.5% | 96.2% |
| Debt / equity | 0.01 | 0.01 | 0.09 | 0.09 | 0.04 |
| Long-term debt ratio | - | - | - | - | - |
| Interest coverage | 32.93 | 0.36 | 4.71 | 46.67 | 16.12 |
| Gross margin | 87.6% | 93.5% | 94.5% | - | - |
| Net margin | 422.9% | 842.3% | 52.6% | 931.6% | 38.0% |
| ROA | 25.8% | 44.7% | 2.5% | 40.3% | 1.5% |
| ROE | 26.1% | 45.2% | 2.7% | 44.1% | 1.6% |
| EBITDA margin | 27.7% | 3.8% | 42.9% | 46.5% | 45.9% |
| Days sales outstanding | 38d | 60d | 47d | 32d | 53d |
| Days payable outstanding | 4d | 7d | 80d | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Balance-sheet composition 2025
Full annual accounts (23 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €24.44M | €24.08M | €22.49M | €21.98M | €13.57M |
| Fixed assets | 21/28 | €1.99M | €2.02M | €2.38M | €2.45M | €2.28M |
| Tangible fixed assets | 22/27 | €610k | €641k | €995k | €1.06M | €895k |
| Financial fixed assets | 28 | €1.38M | €1.38M | €1.38M | €1.38M | €1.38M |
| Current assets | 29/58 | €22.44M | €22.05M | €20.11M | €19.53M | €11.29M |
| Amounts receivable within one year | 40/41 | €5.50M | €6.85M | €7.11M | €9.94M | €1.39M |
| Investments | 50/53 | €15.59M | €10.54M | €12.13M | €7.23M | €4.12M |
| Cash & bank | 54/58 | €1.34M | €4.66M | €861k | €2.36M | €5.78M |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €24.44M | €24.08M | €22.49M | €21.98M | €13.57M |
| Equity | 10/15 | €24.22M | €23.80M | €20.59M | €20.10M | €13.05M |
| Contributions / capital | 10/11 | €200k | €200k | €200k | €200k | €200k |
| Reserves | 13 | €24.02M | €23.60M | €20.39M | €19.90M | €12.85M |
| Amounts payable | 17/49 | €212k | €274k | €1.90M | €1.88M | €519k |
| Amounts payable within one year | 42/48 | €212k | €274k | €1.90M | €1.88M | €519k |
| Trade debts payable within one year | 44 | €2k | €1k | €13k | €4k | €7k |
| Income statement | ||||||
| Turnover | 70 | €1.49M | €1.28M | €1.06M | €951k | €547k |
| Operating result | 9901 | €347k | €-15k | €387k | €387k | €219k |
| Financial income | 75 | €6.13M | €10.95M | €392k | €8.58M | €87k |
| Financial charges | 65 | €19k | €137k | €98k | €10k | €17k |
| Result before taxes | 9903 | €6.46M | €10.80M | €682k | €8.96M | €289k |
| Income taxes | 67/77 | €143k | €31k | €122k | €96k | €81k |
| Net result for the period | 9904 | €6.31M | €10.76M | €559k | €8.86M | €208k |
| Result to be appropriated | 9905 | €6.31M | €10.76M | €559k | €8.86M | €208k |
Legal Structure
| NACE primary | Business and other management consultancy(70200) |
| Legal form | Private limited company(610) |
| Incorporation | 19-05-2006 |
| Status | Active |
| Postal code | 2970 |
Establishment units
Zenian BV
since 20062.155.132.241
Real-estate footprint
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11041B0394/00F000 | Flanders | 998 m² | 1 · 144 m² | - |
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates
Next filing, fiscal year 2026, expected by
2026
28-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
21-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 21 days late
2024
31-12
Financial
Highest result since 2021net €10.76M ▲1824%
Net result €10.76M, the highest in the series.
31-12
Financial
Liquidity times 8current ratio 80.42
Current ratio from 10.59 to 80.42; short-term debt falls from €1.90M to €274k.
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 30 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 31 days late
2021
17-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 91 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
2018
20-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
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.
Credit advice
Company registry (CBE)
Activities
Business and other management consultancy70200Business consulting7022074142Holdings64200Activities of holding companies6421074151
Names & trade names
| Legal nameNL | ZENIAN |
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