ZENITH
ActiveZENITH has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €218k and a net result of €1k. Equity is growing by ~8% per year across the filed fiscal years. Its solvency ranks better than 95% of 1966 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
86
/ 100
Excellent▼ -8 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability3▼-21
Solvency100=
Growth52=
Stability100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €19k at 30 days acceptable
Liquidity ample (current ratio 26.51 against 11.73 in 2024), and 3.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 90
Relative position
BE, all sectors
reference
Sector 90
lower
← 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
96.4%
Return on assets
0.5%
Age of the figures
8 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 11-06-2026, 50 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
50 d early
2024
51 d early
2023
49 d early
2022
53 d early
2021
52 d early
2020
52 d early
2019
28 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
12-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€218k▲ 0.6%
2024 · €216k
2018: €123k
2019: €143k
2020: €159k
2021: €179k
2022: €197k
2023: €206k
2024: €216k
2018 → 2025
Total assets
€226k▼ 4.4%
2024 · €236k
2018: €174k
2019: €165k
2020: €174k
2021: €205k
2022: €225k
2023: €234k
2024: €236k
2018 → 2025
Net result
€1k▼ 88.1%
2024 · €10k
2018: €14k
2019: €20k
2020: €16k
2021: €20k
2022: €18k
2023: €9k
2024: €10k
2018 → 2025
Working capital
€208k▼ 2.1%
2024 · €213k
2018: €107k
2019: €131k
2020: €115k
2021: €151k
2022: €181k
2023: €201k
2024: €213k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€179k-€197k▲ 10.0%€206k▲ 4.5%€216k▲ 5.0%€218k▲ 0.6%
Operating result€32k-€29k▼ 9.9%€17k▼ 41.7%€16k▼ 5.9%€4k▼ 73.0%
Net result€20k-€18k▼ 11.5%€9k▼ 50.3%€10k▲ 16.4%€1k▼ 88.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen four years in a row; 2025 is 73% below 2024 and is the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €226k
Fixed assets
€10k▲ 148%
Current assets
€216k▼ 6.9%
Equity and liabilities €226k
Equity
€218k▲ 0.6%
Debt
€8k▼ 58.8%
The debt ratio falls from 8.4% to 3.6%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€6k▼
2024 · €20k
Cash flow
€3k▼
2024 · €15k
Solvency
96.4%▲
2024 · 91.6%
Current ratio
26.51▲
2024 · 11.73
Quick ratio
26.51▲
2024 · 11.73
Debt / equity
0.04▼
2024 · 0.09
ROE
0.6%▼
2024 · 4.8%
ROA
0.5%▼
2024 · 4.4%
Interest coverage
48.18▼
2024 · 105.71
Debt
€8k▼
2024 · €20k
Debt ≤ 1 year
€8k▼
2024 · €20k
Income taxes
€3k▼
2024 · €6k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€236k€226k▼
Fixed assets21/28€4k€10k▲
Tangible fixed assets22/27€4k€9k▲
Furniture and vehicles24€4k€7k▲
Other tangible fixed assets26-€2k
Financial fixed assets28€360€360=
Current assets29/58€232k€216k▼
Amounts receivable within one year40/41€15k€7k▼
Trade receivables40€15k€7k▼
Cash at bank and in hand54/58€215k€207k▼
Deferred charges and accrued income490/1€2k€2k▼
Equity and liabilities
Total equity and liabilities10/49€236k€226k▼
Equity10/15€216k€218k▲
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€196k€197k▲
Amounts payable17/49€20k€8k▼
Amounts payable within one year42/48€20k€8k▼
Trade debts44€10k€4k▼
Suppliers440/4€10k€4k▼
Taxes, remuneration and social security45€9k€3k▼
Taxes450/3€9k€3k▼
Other amounts payable47/48€737€719▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€1k▼
Other operating charges640/8€1k€1k▲
Gross operating margin9900€21k€7k▼
Operating profit (loss)9901€16k€4k▼
Financial income75/76B€1k€1▼
Recurring financial income75€1k€1▼
Financial charges65/66B€190€117▼
Recurring financial charges65€190€117▼
Profit (loss) for the period before taxes9903€17k€4k▼
Income taxes67/77€6k€3k▼
Profit (loss) for the period9904€10k€1k▼
Profit (loss) for the period to be appropriated9905€10k€1k▼
Appropriation of the result
Profit (loss) to be appropriated9906€196k€197k▲
Profit (loss) brought forward from the previous period14P€185k€196k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
11-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €1k ▼88.1%
Net result drops to €1k, the lowest in the series.
31-12
Financial
Liquidity doublescurrent ratio 26.51
Current ratio from 11.73 to 26.51; short-term debt falls from €20k to €8k.
10-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
12-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €200kEq €206k ▲4.5%
6 profitable years in a row build equity to €206k.
08-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
09-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €20k ▲28.6%
Net result €20k, the highest in the series.
09-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €150kEq €159k ▲11%
3 profitable years in a row build equity to €159k.
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 28 days late
2019
31-12
Financial
Liquidity doublescurrent ratio 6.95
Current ratio from 3.09 to 6.95; short-term debt falls from €51k to €22k.
30-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
23-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Hamois · 1 establishment unit since 1991
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.
Rue des Comognes, Natoye 145360 HamoisGround area
967 m²
Building footprint
122 m²
2 parcels, Wallonia. Linked by address, not a title deed.
1 establishment unit
ZENITH
since 19912.053.614.714
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 91099A0424/00D019 | Wallonia | 786 m² | 1 · 87 m² | - |
| 91023D0116/00B002 | Wallonia | 182 m² | 1 · 35 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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BALLET INSTITUTE OF FLANDERS - BALLETINSTITUUT VAN VLAANDEREN
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DE KEMPVADER
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ZETETIQUE THEATRE
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Of 2,270 companies in sector 90202 we hold annual accounts for 412. 298 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded29-07-1991
Fiscal year end31-12
Activities, NACEBEL
90202Performing arts by artistic ensembles
92312
90312Arts creation and performing arts activities
92322
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.