ZENITEL
ActiveSummary
ZENITEL has been active since 1913 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €38.3m and a net result of €15.2m. Equity remains stable across the filed fiscal years (±0.6% per year). Its solvency ranks better than 68% of 137 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability66▼-5
Solvency92=
Growth58=
Track record100
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000,000 at 30 days acceptable
Liquidity short (current ratio 0.4 against 0.93 in 2024; short-term debt: 19.4% and cash: 0.7% of total assets), and 32.6% 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
Five 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 26
Relative position
BE, all sectors
reference
Manufacture of computer, electronic and optical products (NACE 26)
about 73% 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
67.4%
Return on assets
26.8%
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 21-05-2026, 71 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
71 d early
2024
48 d early
2023
50 d early
2022
56 d early
2021
32 d early
2020
61 d early
2019
35 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 50 days before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 34% 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 12 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema, statutory accounts
In the rankings
#1 oldest company in Belgium, Computer and electronic products sector#2 company by equity in Asse, Manufacturing sector#4 company by total assets in Asse, Manufacturing sector
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€15.2m▼ 36.4%
2024 · €23.9m
Working capital
-€6.6m▼ 1,309%
2024 · -€471,340
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 26, Manufacture of computer, electronic and optical products, 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€2.1m▼ 10.0%€245,705▼ 88.3%-€2.7m€1.0m€841,744▼ 17.1%
Net result€19.5mabove the sector's middle half▲ 770%€4.2mabove the sector's middle half▼ 78.6%€4.1mabove the sector's middle half▼ 2.8%€23.9mabove the sector's middle half▲ 488%€15.2mabove the sector's middle half▼ 36.4%
Equity€45.9mabove the sector's middle half▲ 6.9%€50.0mabove the sector's middle half▲ 9.1%€37.2mabove the sector's middle half▼ 25.7%€39.1mabove the sector's middle half▲ 5.0%€38.3mabove the sector's middle half▼ 2.1%
Total assets€54.3mabove the sector's middle half▲ 16.9%€54.3mabove the sector's middle half=€55.4mabove the sector's middle half▲ 2.1%€58.2mabove the sector's middle half▲ 5.1%€56.7mabove the sector's middle half▼ 2.6%
Debt€5.6m▲ 916%€950,567▼ 82.9%€16.2m▲ 1,606%€16.4m▲ 1.0%€17.8m▲ 8.4%
Working capital-€1.4mbelow the sector's middle half€3.2mwithin the sector's middle half-€11.5mbelow the sector's middle half-€471,340below the sector's middle half▲ 95.9%-€6.6mbelow the sector's middle half▼ 1,309%
Solvency84.4%above the sector's middle half▼ 7.9pp92.1%above the sector's middle half▲ 7.7pp67.1%within the sector's middle half▼ 25.0pp67.1%within the sector's middle half=67.4%within the sector's middle half▲ 0.4pp
Current ratio0.75below the sector's middle half▼ 12.974.36above the sector's middle half▲ 3.610.29below the sector's middle half▼ 4.070.93below the sector's middle half▲ 0.640.40below the sector's middle half▼ 0.54
Return on assets (ROA)35.8%above the sector's middle half▲ 31.0pp7.7%within the sector's middle half▼ 28.1pp7.3%within the sector's middle half▼ 0.4pp41.0%above the sector's middle half▲ 33.7pp26.8%above the sector's middle half▼ 14.2pp
Staff (FTE)2below the sector's middle half=2below the sector's middle half=2below the sector's middle half=2below the sector's middle half=2below the sector's middle half=
above
within
below
the middle half (P25 to P75) of NACE 26, Manufacture of computer, electronic and optical products, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 17% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €56.7m
Fixed assets
€52.4m ▲ 1.1%
Current assets
€4.4m ▼ 32.4%
Equity and liabilities €56.7m
Equity
€38.3m ▼ 2.1%
Provisions
€713,858 ▼ 74.5%
Debt
€17.8m ▲ 8.4%
Debt's share of the balance-sheet total rises from 28.1% to 31.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€1.1m▲
2024 · €1.1m
Cash flow
€15.5m▼
2024 · €23.9m
Debt to equity
0.46▲
2024 · 0.42
ROE
39.7%▼
2024 · 61.1%
Interest coverage
1.90▼
2024 · 2.49
Debt ≤ 1 year
€11.0m▲
2024 · €6.9m
Debt > 1 year
€6.8m▼
2024 · €9.5m
Income taxes
€38,705▲
2024 · €0
Staff costs
€2,671▼
2024 · €5,960
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | €5.6m | €4.4m | €2.2m | €6.1m | €6.1m | ▼ 0.5% |
| Other operating income74 | €5.6m | €4.4m | €2.2m | €6.1m | €6.1m | ▼ 0.5% |
| Non-recurring operating income76A | €0 | - | - | - | - | - |
| Operating charges60/66A | €3.5m | €4.1m | €4.8m | €5.1m | €5.2m | ▲ 2.9% |
| Services and other goods61 | €3.5m | €3.6m | €4.5m | €4.1m | €6.8m | ▲ 63.3% |
| Remuneration, social security and pensions62 | €12,463 | €18,015 | €22,207 | €5,960 | €2,671 | ▼ 55.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | €37,769 | €291,351 | ▲ 671% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | -€124,193 | €411,786 | -€1.3m | €789,939 | -€2.1m | ▼ 363% |
| Other operating charges640/8 | €112,135 | €105,508 | €83,930 | €120,020 | €107,853 | ▼ 10.1% |
| Non-recurring operating charges66A | - | - | €1.6m | €0 | €153,950 | - |
| Operating profit (loss)9901 | €2.1m | €245,705 | -€2.7m | €1.0m | €841,744 | ▼ 17.1% |
| Financial income75/76B | €17.5m | €4.0m | €6.6m | €23.5m | €15.0m | ▼ 36.0% |
| Recurring financial income75 | €17.5m | €4.0m | €6.6m | €23.5m | €15.0m | ▼ 36.0% |
| Income from financial fixed assets750 | €17.5m | €4.0m | €6.6m | €23.5m | €15.0m | ▼ 36.2% |
| Income from current assets751 | €1,445 | €0 | €735 | €4,960 | €33,826 | ▲ 582% |
| Other financial income752/9 | €943 | €2,755 | €8,360 | €8,477 | €8,959 | ▲ 5.7% |
| Financial charges65/66B | €34,722 | €70,361 | €66,498 | €656,764 | €659,804 | ▲ 0.5% |
| Recurring financial charges65 | €34,722 | €70,361 | €66,498 | €656,764 | €659,804 | ▲ 0.5% |
| Debt charges650 | €0 | - | - | €422,683 | €594,921 | ▲ 40.7% |
| Other financial charges652/9 | €34,722 | €70,361 | €66,498 | €234,081 | €64,882 | ▼ 72.3% |
| Profit (loss) for the period before taxes9903 | €19.5m | €4.2m | €3.9m | €23.9m | €15.2m | ▼ 36.2% |
| Income taxes67/77 | €88,413 | €5,206 | -€193,781 | €0 | €38,705 | - |
| Taxes670/3 | €88,413 | €5,206 | €0 | - | €38,705 | - |
| Tax adjustments and reversals of tax provisions77 | - | - | €193,781 | €0 | - | - |
| Profit (loss) for the period9904 | €19.5m | €4.2m | €4.1m | €23.9m | €15.2m | ▼ 36.4% |
| Profit (loss) for the period to be appropriated9905 | €19.5m | €4.2m | €4.1m | €23.9m | €15.2m | ▼ 36.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €54.3m | €54.3m | €55.4m | €58.2m | €56.7m | ▼ 2.6% |
| Fixed assets21/28 | €50.2m | €50.2m | €50.7m | €51.8m | €52.4m | ▲ 1.1% |
| Intangible fixed assets21 | - | - | €503,341 | €1.6m | €2.2m | ▲ 35.2% |
| Financial fixed assets28 | €50.2m | €50.2m | €50.2m | €50.2m | €50.2m | = |
| Affiliated companies280/1 | €50.1m | €50.1m | €50.1m | €50.1m | €50.1m | = |
| Participating interests280 | €50.1m | €50.1m | €50.1m | €50.1m | €50.1m | = |
| Other financial fixed assets284/8 | €16,852 | €16,852 | €16,852 | €16,852 | €16,852 | = |
| Amounts receivable and cash guarantees285/8 | €16,852 | €16,852 | €16,852 | €16,852 | €16,852 | = |
| Current assets29/58 | €4.2m | €4.1m | €4.8m | €6.5m | €4.4m | ▼ 32.4% |
| Stocks and contracts in progress3 | €0 | €0 | €0 | €0 | €0 | - |
| Amounts receivable within one year40/41 | €2.0m | €1.8m | €161,394 | €2.1m | €2.0m | ▼ 8.5% |
| Trade receivables40 | €1.8m | €1.6m | €8,073 | €2.1m | €1.9m | ▼ 9.5% |
| Other amounts receivable41 | €156,158 | €150,621 | €153,321 | €86,371 | €99,973 | ▲ 15.7% |
| Current investments50/53 | - | - | - | €504,121 | €1.8m | ▲ 262% |
| Other investments51/53 | - | - | - | €504,121 | €1.8m | ▲ 262% |
| Cash at bank and in hand54/58 | €2.2m | €2.4m | €4.5m | €3.7m | €370,915 | ▼ 90.0% |
| Deferred charges and accrued income490/1 | €12,931 | €14,514 | €59,000 | €108,942 | €199,397 | ▲ 83.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €54.3m | €54.3m | €55.4m | €58.2m | €56.7m | ▼ 2.6% |
| Equity10/15 | €45.9m | €50.0m | €37.2m | €39.1m | €38.3m | ▼ 2.1% |
| Contributions10/11 | €25.6m | €25.6m | €25.6m | €25.6m | €25.6m | = |
| Capital10 | €20.0m | €20.0m | €20.0m | €20.0m | €20.0m | = |
| Issued capital100 | €20.0m | €20.0m | €20.0m | €20.0m | €20.0m | = |
| Outside capital11 | €5.6m | €5.6m | €5.6m | €5.6m | €5.6m | = |
| Share premium1100/10 | €5.6m | €5.6m | €5.6m | €5.6m | €5.6m | = |
| Reserves13 | €11.6m | €11.6m | €11.6m | €11.6m | €11.6m | = |
| Non-distributable reserves130/1 | €2.0m | €2.0m | €2.0m | €2.0m | €2.0m | = |
| Legal reserve130 | €2.0m | €2.0m | €2.0m | €2.0m | €2.0m | = |
| Tax-exempt reserves132 | €9.5m | €9.5m | €9.5m | €9.5m | €9.5m | = |
| Distributable reserves133 | €78,662 | €78,662 | €25,967 | €25,967 | €25,967 | = |
| Profit (loss) carried forward14 | €8.6m | €12.8m | €0 | €1.9m | €1.1m | ▼ 43.5% |
| Provisions and deferred taxes16 | €2.9m | €3.3m | €2.0m | €2.8m | €713,858 | ▼ 74.5% |
| Provisions for liabilities and charges160/5 | €2.9m | €3.3m | €2.0m | €2.8m | €713,858 | ▼ 74.5% |
| Pensions and similar obligations160 | €117,779 | €24,122 | €11,260 | €0 | - | - |
| Other liabilities and charges164/5 | €2.8m | €3.3m | €2.0m | €2.8m | €713,858 | ▼ 74.5% |
| Amounts payable17/49 | €5.6m | €950,567 | €16.2m | €16.4m | €17.8m | ▲ 8.4% |
| Amounts payable after more than one year17 | - | - | - | €9.5m | €6.8m | ▼ 28.6% |
| Financial debts170/4 | - | - | - | €9.5m | €6.8m | ▼ 28.6% |
| Credit institutions173 | - | - | - | €9.5m | €6.8m | ▼ 28.6% |
| Amounts payable within one year42/48 | €5.6m | €950,567 | €16.2m | €6.9m | €11.0m | ▲ 58.9% |
| Current portion of amounts payable after more than one year42 | - | - | - | €2.7m | €2.7m | = |
| Financial debts43 | - | - | - | - | €1.2m | - |
| Credit institutions430/8 | - | - | - | - | €1.2m | - |
| Trade debts44 | €865,163 | €950,567 | €2.3m | €725,401 | €626,390 | ▼ 13.6% |
| Suppliers440/4 | €865,163 | €950,567 | €2.3m | €725,401 | €626,390 | ▼ 13.6% |
| Taxes, remuneration and social security45 | €188,575 | €0 | - | - | €38,705 | - |
| Taxes450/3 | €188,575 | €0 | - | - | €38,705 | - |
| Other amounts payable47/48 | €4.5m | €0 | €13.9m | €3.5m | €6.4m | ▲ 82.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €19.5m | €4.2m | €4.1m | €23.9m | €15.2m | ▼ 36.4% |
| + Depreciation and write-downs630 | - | - | - | €37,769 | €291,351 | ▲ 671% |
| Operating cash flow (approximation) | €19.5m | €4.2m | €4.1m | €23.9m | €15.5m | ▼ 35.3% |
| Investment in fixed assets (approximation) | - | €0 | -€503,341 | -€1.2m | -€864,283 | ▲ 25.6% |
| Change in cash | - | €172,892 | €2.2m | -€848,213 | -€3.3m | ▼ 292% |
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
21-05
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
13-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Highest result since 2018net €23.9m ▲488%
Net result €23.9m, the highest in the series.
11-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
05-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Liquidity times 6current ratio 4.36
Current ratio from 0.75 to 4.36; short-term debt falls from €5.6m to €950,567.
31-12
Financial
Equity above €50mEq €50.0m ▲9.1%
5 profitable years in a row build equity to €50.0m.
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-05
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
31-05
NBB filing
Annual accounts filed
fiscal year 2020 · consolidated
2020
29-10
NBB filing
Annual accounts filed
fiscal year 2019 · consolidated
26-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 40 acts read
About the unread acts
We know of 40 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
40 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, Asse · 1 establishment unit since 1913
Ground area
9,061 m²
Building footprint
1,878 m²
Volume, LiDAR
16,622 m³
Parcel 23095C0033/00P006, Flanders · tallest building 15.8 m, ±4 floors. Linked by address, not a title deed.
8
companies at this address
See who is registered here
1 establishment unit
ZENITEL N.V.
since 19132.003.202.923
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23095C0033/00P006 | Flanders | 9,061 m² | 1 · 1,878 m² | 15.8 m · 4 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.
Structure & network
Part of the group
3 D
20 companies
Group, risk and exposure
Owners and holdings
1 owner · 3 holdingsChain of control
Highest known parent: 3D PRIVATE EQUITY. The sources do not say who stands above it.
Owners 1
-
100%
Holdings 3
-
100%
-
100%
-
100%
According to the 2025 annual accounts of ZENITEL and those 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.
Recognitions · licences · registrations
Legal Entity Identifier
5493009JO56JYH18BV48
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Identification & contact
Identification
Legal formPublic limited company
Founded31-03-1913
Fiscal year end31-12
Activities, NACEBEL 2025
26300Manufacture of computer, electronic and optical products
33200Installation of industrial machinery and equipment
E-invoicing
Reachable via Peppol
Peppol ID
0208:0403150608
Registered
27-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
General meetings
4 convocationsOrdinary general meeting
Agenda
en voorstellen van besluit. 1. Kennisname en bespreking van de statutaire jaarrekening en de geconsolideerde jaarrekening van het boekjaar afgesloten op 31 december 2018. 2. Kennisname en bespreking van het statutaire jaarverslag en het geconsolideerde jaarverslag van de raad van bestuur over het boekjaar afgesloten op 31 december 2018. 3. Kennisname en bespreking van het statutaire verslag en het geconsolideerde verslag van de commissaris over het boekjaar afgesloten op 31 december 2018. 4. Goedkeuring van het remuneratieverslag over het boekjaar afgesloten op 31 december 2018. Voorstel van besluit : *De algemene vergadering keurt het remuneratieverslag van de Vennootschap van het boekjaar ...
Extraordinary general meeting
Agenda
en voorstellen van besluit. 1. Kennisname en bespreking van de statutaire jaarrekening en de geconsolideerde jaarrekening van het boekjaar afgesloten op 31 december 2016. 2. Kennisname en bespreking van het statutaire jaarverslag en het geconsolideerde jaarverslag van de Raad van Bestuur over het boekjaar afgesloten op 31 december 2016. 3. Kennisname en bespreking van het statutaire verslag en het geconsolideerde verslag van de commissaris over het boekjaar afge- sloten op 31 december 2016. 4. Goedkeuring van het remuneratieverslag over het boekjaar afge- sloten op 31 december 2016. Voorstel van besluit : “De algemene vergadering keurt het remuneratieverslag van de Vennootschap van het boekj ...
Extraordinary general meeting
Agenda
en voorstellen van besluit. 1. Kennisname en bespreking van de statutaire jaarrekening en de geconsolideerde jaarrekening van het boekjaar afgesloten op 31 december 2013. 2. Kennisname en bespreking van het statutaire jaarverslag en het geconsolideerde jaarverslag van de Raad van Bestuur over het boekjaar afgesloten op 31 december 2013. 3. Kennisname en bespreking van het statutaire verslag en het geconsolideerde verslag van de commissaris over het boekjaar afge- sloten op 31 december 2013. 4. Goedkeuring van het remuneratieverslag over het boekjaar afge- sloten op 31 december 2013. Voorstel van besluit : « De algemene vergadering keurt het remuneratieverslag van de vennootschap van het boek ...
Extraordinary general meeting
Agenda
1. Kennisname en bespreking van de statutaire jaarrekening en de geconsolideerde jaarrekening van het boekjaar afgesloten op 31 december 2012. 2. Kennisname en bespreking van het statutaire jaarverslag en het geconsolideerde jaarverslag van de Raad van Bestuur over het boekjaar afgesloten op 31 december 2012. 3. Kennisname en bespreking van het statutaire verslag en het geconsolideerde verslag van de commissaris over het boekjaar afge- sloten op 31 december 2012. 4. Goedkeuring van het remuneratieverslag over het boekjaar afge- sloten op 31 december 2012. Voorstel van besluit : « De algemene vergadering keurt het remuneratieveslag van de Vennootschap van het boekjaar afgesloten op 31 decembe ...