ZENITH
ActiveZENITH has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €42k and a net result of €-11k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 43% of 3451 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
66
/ 100
Healthy▲ +19 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0=
Solvency68▼-13
Growth52=
Stability100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days acceptable
Liquidity tight (current ratio 1.13 against 1.26 in 2024), and 57.3% 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
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 74
Relative position
BE, all sectors
reference
Sector 74
lower
← fewer bankruptcies
more bankruptcies →
raises risk · 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 2025Solvency, return and age of the figures
Solvency
42.7%
Return on assets
-11.5%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity fell accordingly. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
19202122232425
2019 to 2025 · latest year -€11k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 11-09-2026, 42 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 7 filingsDeviation from the deadline
2025
42 d late
2024
16 d early
2023
236 d late
2022
25 d late
2021
25 d late
2020
29 d late
2019
11 d early
← 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
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€42k▼ 21.2%
2024 · €53k
2019: €984
2020: €-8k
2021: €38k
2022: €121k
2023: €101k
2024: €53k
2019 → 2025
Total assets
€98k▲ 5.6%
2024 · €93k
2019: €62k
2020: €37k
2021: €63k
2022: €137k
2023: €124k
2024: €93k
2019 → 2025
Net result
€-11k▲ 76.4%
2024 · €-48k
2019: €983
2020: €-9k
2021: €46k
2022: €83k
2023: €-20k
2024: €-48k
2019 → 2025
Working capital
€7k▼ 31.9%
2024 · €10k
2019: €-26k
2020: €-28k
2021: €23k
2022: €40k
2023: €46k
2024: €10k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€38k-€121k▲ 221%€101k▼ 16.4%€53k▼ 47.3%€42k▼ 21.2%
Operating result€55k-€112k▲ 101%€-46k€-16k▲ 64.5%€-11k▲ 35.8%
Net result€46k-€83k▲ 82.4%€-20k€-48k▼ 141%€-11k▲ 76.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €11k in 2025 against €16k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €98k
Fixed assets
€35k▼ 18.1%
Current assets
€63k▲ 25.9%
Equity and liabilities €98k
Equity
€42k▼ 21.2%
Debt
€56k▲ 41.6%
The debt ratio rises from 42.7% to 57.3%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€4k▲
2024 · €-141
Cash flow
€3k▲
2024 · €-31k
Solvency
42.7%▼
2024 · 57.3%
Current ratio
1.13▼
2024 · 1.26
Quick ratio
1.13▼
2024 · 1.26
Debt / equity
1.34▲
2024 · 0.75
ROE
-26.9%▲
2024 · -89.7%
ROA
-11.5%▲
2024 · -51.4%
Interest coverage
4.96▲
2024 · -0.47
Debt
€56k▲
2024 · €40k
Debt ≤ 1 year
€56k▲
2024 · €40k
Income taxes
€7▼
2024 · €31k
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€93k€98k▲
Formation expenses20-€0
Fixed assets21/28€43k€35k▼
Tangible fixed assets22/27€43k€35k▼
Plant, machinery and equipment23€6k€9k▲
Furniture and vehicles24€34k€24k▼
Other tangible fixed assets26€3k€3k▼
Current assets29/58€50k€63k▲
Amounts receivable within one year40/41€49k€19k▼
Trade receivables40€19k€18k▼
Other amounts receivable41€30k€917▼
Cash at bank and in hand54/58€183€44k▲
Deferred charges and accrued income490/1€924€753▼
Equity and liabilities
Total equity and liabilities10/49€93k€98k▲
Equity10/15€53k€42k▼
Contributions10/11€1€1=
Reserves13€53k€42k▼
Non-distributable reserves130/1€246€246=
Reserves not available under the articles1311€246€246=
Distributable reserves133€53k€42k▼
Amounts payable17/49€40k€56k▲
Amounts payable within one year42/48€40k€56k▲
Trade debts44€6k€14k▲
Suppliers440/4€6k€14k▲
Taxes, remuneration and social security45€8k€9k▲
Taxes450/3€8k€9k▲
Other amounts payable47/48€26k€33k▲
Accrued charges and deferred income492/3-€204
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16k€14k▼
Other operating charges640/8€3k€2k▼
Gross operating margin9900€3k€6k▲
Operating profit (loss)9901€-16k€-11k▲
Financial income75/76B-€25
Recurring financial income75-€25
Financial charges65/66B€302€792▲
Recurring financial charges65€302€792▲
Profit (loss) for the period before taxes9903€-17k€-11k▲
Income taxes67/77€31k€7▼
Profit (loss) for the period9904€-48k€-11k▲
Profit (loss) for the period to be appropriated9905€-48k€-11k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-68k€-11k▲
Profit (loss) brought forward from the previous period14P€-20k-
Transfer from equity791/2€68k€11k▼
The notes to these accounts (5 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
11-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 42 days late
2025
15-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
24-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 236 days late
2024
31-12
Financial
Weakest financial yearnet €-48k
Net result drops to €-48k, the lowest in the series; recovery starts the following year.
2023
25-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 25 days late
2022
31-12
Financial
Highest result since 2019net €83k ▲82.4%
Operating result €112k, net result €83k, both a record.
31-12
Financial
Equity above €100kEq €121k ▲221%
2 profitable years in a row build equity to €121k.
25-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 25 days late
2021
31-12
Financial
Back to profitnet €46k
Net result €46k after one loss-making year.
31-12
Financial
Liquidity times 5current ratio 1.91
Current ratio from 0.37 to 1.91; short-term debt falls from €45k to €25k.
29-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 29 days late
2020
20-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Bonheiden · 1 establishment unit since 2018
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.
Waversesteenweg 572820 BonheidenGround area
882 m²
Building footprint
150 m²
Volume, LiDAR
712 m³
Parcel 12005A0135/00K006, Flanders · tallest building 9.4 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Zenith Publishing
since 20182.283.643.383
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12005A0135/00K006 | Flanders | 882 m² | 1 · 150 m² | 9.4 m · 1 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.
Similar companies · same sector, comparable size
V.D.M. PRODUKTIES
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BE 1006.843.766
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DDA MGMT
BE 0766.493.208
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STEENGOE
BE 0833.770.824
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Of 883 companies in sector 74991 we hold annual accounts for 313. 240 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded28-12-2018
Fiscal year end31-12
Activities, NACEBEL
74901Other professional, scientific and technical activities
74991Agents and managers of artists, athletes and other public figures
59203Motion picture, video and television programme production, sound recording and music publishing activities
62020IT consultancy
62200Computer consultancy and computer facilities management
74103Other professional, scientific and technical activities
74120Graphic design and visual communication
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.