Zenit Group

Active

Private limited companyfounded 200026 yrs activeIndustrieweg 1507, 3540 Herk-de-Stad, BelgiumKBO/BCE: BE 0471.521.750

Zenit Group has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €139k and a net result of €-57k. Equity is shrinking by ~4.6% per year across the filed fiscal years. Its solvency ranks better than 29% of 2095 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).

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Checked score

Score 2024

45 / 100

Fair

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability13▲+13

Solvency46▼-8

Growth32=

Track record100

Bankruptcy probability, 12 months

0.9% Low

0%0.5%1.5%4%10%≥ 25%

Credit up to €6k at 30 days acceptable

Liquidity tight (current ratio 1.28 against 1.49 in 2023; short-term debt: 64% of total assets), and 79.2% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 41

Relative position

BE, all sectors

reference

Sector 41

higher

← fewer bankruptcies more bankruptcies →

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Annual accounts: weaker financial profile

The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.

NBB · annual accounts 2024

Solvency, return and age of the figures

Solvency

20.8%

Return on assets

-8.5%

Age of the figures

21 mo

Persistent losses

Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.

NBB · annual accounts 2024

Net result per financial year

18192021222324

2018 to 2024 · latest year €-57k

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-06-2025, 35 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

not confirmed

2024

35 d early

2023

33 d early

2022

60 d late

2021

26 d late

2020

87 d late

2019

56 d early

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, abbreviated schema

Equity

€139k▼ 29.1%

2023 · €197k

2018: €225k 2019: €238k 2020: €235k 2021: €203k 2022: €324k 2023: €197k

2018 → 2024

Total assets

€671k▲ 0.3%

2023 · €669k

2018: €280k 2019: €421k 2020: €414k 2021: €627k 2022: €662k 2023: €669k

2018 → 2024

Net result

€-57k▲ 55.1%

2023 · €-128k

2018: €31k 2019: €43k 2020: €-3k 2021: €-31k 2022: €121k 2023: €-128k

2018 → 2024

Working capital

€122k▼ 29.0%

2023 · €172k

2018: €221k 2019: €169k 2020: €-13k 2021: €6k 2022: €287k 2023: €172k

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€235k-€203k▼ 13.4%€324k▲ 59.4%€197k▼ 39.3%€139k▼ 29.1%

Operating result€-2k-€-23k▼ 918%€151k€-111k€8k

Net result€-3k-€-31k▼ 1,085%€121k€-128k€-57k▲ 55.1%

Turnover and EBIT margin not published: the abbreviated schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result returns to profit in 2024: €8k after a loss of €111k in 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €671k

17.8%

82.2%

Fixed assets €120k▼ 16.1%

Current assets €551k▲ 4.7%

Equity and liabilities €671k

20.8%

79.1%

Equity €139k▼ 29.1%

Provisions €500▼ 50.0%

Debt €531k▲ 12.7%

The debt ratio rises from 70.4% to 79.1%. Equity is lower and debt is higher.

Key figures and ratios

2024 value · change against 2023

EBITDA

€31k▲

2023 · €-77k

Cash flow

€-34k▲

2023 · €-94k

Solvency

20.8%▼

2023 · 29.4%

Current ratio

1.28▼

2023 · 1.49

Quick ratio

1.22▼

2023 · 1.40

Debt / equity

3.81▲

2023 · 2.40

ROE

-41.1%▲

2023 · -64.9%

ROA

-8.5%▲

2023 · -19.1%

Interest coverage

0.57▲

2023 · -7.05

Debt

€531k▲

2023 · €471k

Debt ≤ 1 year

€429k▲

2023 · €354k

Debt > 1 year

€97k▼

2023 · €115k

Income taxes

€634▼

2023 · €767

Staff costs

€195k▲

2023 · €172k

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 · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€669k€671k▲

Fixed assets21/28€142k€120k▼

Intangible fixed assets21€2k€1k▼

Tangible fixed assets22/27€66k€59k▼

Plant, machinery and equipment23€2k€11k▲

Furniture and vehicles24€4k€6k▲

Other tangible fixed assets26€60k€42k▼

Financial fixed assets28€75k€60k▼

Current assets29/58€526k€551k▲

Amounts receivable after more than one year29€96k€99k▲

Other amounts receivable291€96k€99k▲

Stocks and contracts in progress3€32k€26k▼

Stocks30/36€32k€26k▼

Amounts receivable within one year40/41€343k€244k▼

Trade receivables40€273k€96k▼

Other amounts receivable41€70k€148k▲

Deferred charges and accrued income490/1€56k€182k▲

Equity and liabilities

Total equity and liabilities10/49€669k€671k▲

Equity10/15€197k€139k▼

Contributions10/11€19k€19k=

Reserves13€178k€121k▼

Non-distributable reserves130/1€2k€2k=

Reserves not available under the articles1311€2k€2k=

Tax-exempt reserves132€3k€2k▼

Distributable reserves133€173k€117k▼

Provisions and deferred taxes16€1k€500▼

Deferred taxes168€1k€500▼

Amounts payable17/49€471k€531k▲

Amounts payable after more than one year17€115k€97k▼

Financial debts170/4€115k€97k▼

Amounts payable within one year42/48€354k€429k▲

Current portion of amounts payable after more than one year42€17k€18k▲

Financial debts43€115k€112k▼

Credit institutions430/8€115k€112k▼

Trade debts44€160k€287k▲

Suppliers440/4€160k€287k▲

Taxes, remuneration and social security45€62k€13k▼

Taxes450/3€35k€10k▼

Remuneration and social security454/9€27k€2k▼

Other amounts payable47/48€961-

Accrued charges and deferred income492/3€2k€4k▲

Income statement Code20232024

Remuneration, social security and pensions62€172k€195k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€34k€23k▼

Other operating charges640/8€6k€13k▲

Gross operating margin9900€100k€240k▲

Operating profit (loss)9901€-111k€8k▲

Financial income75/76B€4k€5k▲

Recurring financial income75€4k€5k▲

Financial charges65/66B€20k€70k▲

Recurring financial charges65€11k€55k▲

Non-recurring financial charges66B€9k€15k▲

Profit (loss) for the period before taxes9903€-127k€-57k▲

Transfer from deferred taxes780€500€500=

Income taxes67/77€767€634▼

Profit (loss) for the period9904€-128k€-57k▲

Transfer from tax-exempt reserves789€2k€2k=

Profit (loss) for the period to be appropriated9905€-126k€-56k▲

Appropriation of the result

Profit (loss) to be appropriated9906€141k€-56k▼

Profit (loss) brought forward from the previous period14P€267k-

Transfer from equity791/2-€56k

Transfer to equity691/2€141k-

To other reserves6921€141k-

Social balance

Average headcount (FTE)90873.63.6=

The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 13Financial 3Filings 10

2025

26-06

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema

2024

28-06

NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema

2023

31-12

Financial Weakest financial yearnet €-128k ▼206%

Net result drops to €-128k, the lowest in the series; recovery starts the following year.

29-09

NBB filing Annual accounts filed

fiscal year 2022 · abbreviated schema · 60 days late

2022

31-12

Financial Back to profitnet €121k

Net result €121k after 2 loss-making years.

31-12

Financial Liquidity doublescurrent ratio 2.41

Current ratio from 1.02 to 2.41; short-term debt falls from €270k to €203k.

26-08

NBB filing Annual accounts filed

fiscal year 2021 · abbreviated schema · 26 days late

2021

26-10

NBB filing Annual accounts filed

fiscal year 2020 · abbreviated schema · 87 days late

2020

05-06

NBB filing Annual accounts filed

fiscal year 2019 · abbreviated schema

2019

25-06

NBB filing Annual accounts filed

fiscal year 2018 · abbreviated schema

2018

03-07

NBB filing Annual accounts filed

fiscal year 2017 · abbreviated schema

2017

24-04

NBB filing Annual accounts filed

fiscal year 2016 · abbreviated schema

2016

26-04

NBB filing Annual accounts filed

fiscal year 2015 · abbreviated schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

6 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, Herk-de-Stad · 1 establishment unit since 2000

establishment The establishment unit on the map

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.

Industrieweg 15073540 Herk-de-Stad

Ground area

2,543 m²

Building footprint

1,139 m²

Volume, LiDAR

8,612 m³

Parcel 71024A0247/00T000, Flanders · tallest building 9.0 m, ±3 floors. Linked by address, not a title deed.

1 establishment unit

Industrieweg 1507, 3540 Herk-de-Stad

NACE 4520002

since 20002.100.788.980

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
71024A0247/00T000	Flanders	2,543 m²	1 · 1,139 m²	9.0 m · 3 fl.

Linked by address, not proof of ownership

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.

Public money · subsidies and aid

Flemish government

2022 · 1 entry · 179 EUR awarded · 179 EUR paid

Year	Entries	awarded	paid
2022	1	179 EUR	179 EUR

Schemes

Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)

1 entry · 179 EUR · 179 EUR paid · Fonds voor Innoveren en Ondernemen

Recognitions · licences · registrations

Recognised contractor

2 categories

Zenit Group BV#9791

category D14, class 2 · category D5, class 2

decision 12-05-2026 · valid until 11-01-2028

Similar companies · same sector, comparable size

BOUWBEDRIJF DE RIDDER RALF

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BG INVEST IMMOBILIERE

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Entreprises HELINCK

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Of 29,810 companies in sector 41001 we hold annual accounts for 16,041. 12,753 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded24-03-2000

Fiscal year end31-12

Activities, NACEBEL

41001General construction of residential buildings

43320Joinery installation

45211

Sources

Crossroads Bank for EnterprisesNational Bank · 24 filingsAddress and cadastre registers

Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.