ZENITH
Annual accounts 2025
micro format, filed on 09-02-2026, 172 days before the deadlineMoney flows
no detail for 2025Balance sheet
balance sheet total €24,756 on 31-12-2025in euro
in euro
Position in the sector
20.2%
Higher than 20% of 16,409 companies in 2025.
1.19
Higher than 27% of 16,149 companies in 2025.
49.4%
Higher than 85% of 16,286 companies in 2025.
Net result: middle half · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: bottom quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||
20/58 |
24,756 | 41,284 | 35,219 | 30,792 | 53,126 | |
20 |
- | - | - | 499 | 669 | |
21/28 |
1,314 | 2,640 | 13,300 | 0 | 13,543 | |
21 |
- | - | - | 0 | 0 | |
22/27 |
1,314 | 2,640 | 13,300 | 0 | 13,543 | |
22 |
- | - | - | - | 0 | |
23 |
- | - | - | - | 0 | |
24 |
1,314 | 2,640 | 13,300 | 0 | 13,543 | |
25 |
- | - | - | - | 0 | |
26 |
- | - | - | - | 0 | |
27 |
- | - | - | - | 0 | |
28 |
- | - | - | - | 0 | |
29/58 |
23,442 | 38,644 | 21,919 | 30,293 | 38,913 | |
29 |
- | - | - | - | 0 | |
290 |
- | - | - | - | 0 | |
291 |
- | - | - | - | 0 | |
3 |
- | - | - | 0 | 214 | |
30/36 |
- | - | - | - | 214 | |
37 |
- | - | - | - | 0 | |
40/41 |
2,099 | 146 | 3,092 | 3,388 | 3,233 | |
40 |
411 | 82 | 2,953 | 3,388 | 3,000 | |
41 |
1,688 | 64 | 139 | - | 233 | |
50/53 |
- | 15,000 | 15,000 | - | 0 | |
54/58 |
21,006 | 23,393 | 3,827 | 26,905 | 35,467 | |
490/1 |
336 | 104 | - | - | 0 | |
| Balance sheet: equity and liabilities | ||||||
10/49 |
24,756 | 41,284 | 35,219 | 30,792 | 53,126 | |
10/15 |
5,000 | 30,000 | 30,000 | 30,699 | 30,839 | |
10/11 |
5,000 | 15,000 | 15,000 | 30,000 | 30,000 | |
10 |
- | - | - | - | 30,000 | |
100 |
- | - | - | - | 30,000 | |
101 |
- | - | - | - | 0 | |
11 |
- | - | - | - | 0 | |
1100/10 |
- | - | - | - | 0 | |
1109/19 |
- | - | - | - | 0 | |
12 |
- | - | - | - | 0 | |
13 |
- | 15,000 | 15,000 | - | 0 | |
130/1 |
- | 15,000 | 15,000 | - | 0 | |
130 |
- | - | - | - | 0 | |
1311 |
- | - | - | - | 0 | |
1312 |
- | 15,000 | 15,000 | - | 0 | |
1313 |
- | - | - | - | 0 | |
1319 |
- | - | - | - | 0 | |
132 |
- | - | - | - | 0 | |
133 |
- | - | - | - | 0 | |
14 |
- | - | - | 699 | 839 | |
15 |
- | - | - | - | 0 | |
19 |
- | - | - | - | 0 | |
16 |
- | - | - | - | 0 | |
160/5 |
- | - | - | - | 0 | |
160 |
- | - | - | - | 0 | |
161 |
- | - | - | - | 0 | |
162 |
- | - | - | - | 0 | |
163 |
- | - | - | - | 0 | |
164/5 |
- | - | - | - | 0 | |
168 |
- | - | - | - | 0 | |
17/49 |
19,756 | 11,284 | 5,219 | 93 | 22,287 | |
17 |
- | - | - | 0 | 15,000 | |
170/4 |
- | - | - | - | 15,000 | |
175 |
- | - | - | - | 0 | |
176 |
- | - | - | - | 0 | |
178/9 |
- | - | - | - | 0 | |
42/48 |
19,756 | 11,284 | 5,219 | 93 | 7,287 | |
42 |
- | - | - | - | 0 | |
43 |
- | - | - | - | 0 | |
430/8 |
- | - | - | - | 0 | |
439 |
- | - | - | - | 0 | |
44 |
978 | - | 155 | 0 | 0 | |
440/4 |
978 | - | 155 | 0 | 0 | |
441 |
- | - | - | - | 0 | |
46 |
- | - | - | 0 | 7,077 | |
45 |
2,788 | 1,792 | 2,926 | 93 | 210 | |
450/3 |
2,788 | 1,792 | 2,926 | 93 | 210 | |
454/9 |
- | - | - | - | 0 | |
47/48 |
15,990 | 9,492 | 2,138 | - | 0 | |
492/3 |
- | - | - | - | 0 | |
| Income statement | ||||||
70 |
- | - | 37,208 | 24,355 | 48,486 | |
76A |
- | - | - | 8,373 | 9,722 | |
9900 |
17,157 | 16,890 | 6,345 | 1,673 | 10,407 | |
60/61 |
- | - | 30,863 | 31,055 | 47,801 | |
62 |
- | - | - | - | 0 | |
630 |
1,326 | 797 | 3,575 | 1,426 | 8,310 | |
631/4 |
- | - | - | - | 0 | |
635/8 |
- | - | - | - | 0 | |
640/8 |
- | 3,247 | - | 175 | 824 | |
66A |
- | - | - | - | 0 | |
9901 |
15,831 | 12,845 | 2,770 | 72 | 1,274 | |
75/76B |
- | 1 | - | - | 0 | |
75 |
- | 1 | - | - | 0 | |
76B |
- | - | - | - | 0 | |
65/66B |
38 | 135 | 120 | 212 | 225 | |
65 |
38 | 135 | 120 | 212 | 225 | |
66B |
- | - | - | - | 0 | |
9903 |
15,793 | 12,712 | 2,650 | -140 | 1,049 | |
780 |
- | - | - | - | 0 | |
680 |
- | - | - | - | 0 | |
67/77 |
3,562 | 3,219 | 1,211 | 0 | 210 | |
9904 |
12,231 | 9,492 | 1,439 | -140 | 839 | |
789 |
- | - | - | - | 0 | |
689 |
- | - | - | - | 0 | |
9905 |
12,231 | 9,492 | 1,439 | -140 | 839 | |
| Appropriation of the result | ||||||
9906 |
12,231 | 9,492 | 2,138 | 699 | 839 | |
14P |
- | - | 699 | 839 | 0 | |
791/2 |
- | - | 15,000 | - | 0 | |
691/2 |
- | - | 15,000 | - | 0 | |
691 |
- | - | - | - | 0 | |
6920 |
- | - | - | - | 0 | |
6921 |
- | - | 15,000 | - | 0 | |
794 |
- | - | - | - | 0 | |
694/7 |
12,231 | 9,492 | 2,138 | - | 0 | |
694 |
12,231 | 9,492 | 2,138 | - | 0 | |
695 |
- | - | - | - | 0 | |
696 |
- | - | - | - | 0 | |
697 |
- | - | - | - | 0 | |
| Social balance sheet | ||||||
9087 |
- | - | - | - | 0 | |
| Document | ||||||
The notes to these accounts have 6 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 09-02-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 09-02-2026 | 2026-00035649 | |
| 31-12-2024 | micro format | 01-05-2025 | 2025-00085030 | |
| 31-12-2023 | micro format | 19-06-2024 | 2024-00140923 | |
| 31-12-2022 | micro format | 03-07-2023 | 2023-00188663 | |
| 31-12-2021 | full format | 13-05-2022 | 2022-20025924 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| 17,157 | 13,643 | 6,345 | 1,498 | 9,583 | ||
| 13,557 | 10,290 | 5,014 | 1,286 | 9,149 | ||
| 0 | 2,228 | 16,375 | -12,117 | 32,480 | ||
| -2,387 | 19,566 | -23,078 | -8,562 | - | ||
| 3,686 | 27,360 | 16,700 | 30,200 | 31,626 | ||
| - | - | 7.4% | 0.3% | 2.6% | ||
| 20.2% | 72.7% | 85.2% | 99.7% | 58.0% | ||
| 1.19 | 3.42 | 4.20 | - | 5.34 | ||
| 1.19 | 3.42 | 4.20 | - | 5.31 | ||
| 3.95 | 0.38 | 0.17 | 0.00 | 0.72 | ||
| 244.6% | 31.6% | 4.8% | -0.5% | 2.7% | ||
| 49.4% | 23.0% | 4.1% | -0.5% | 1.6% | ||
| over 100 | over 100 | 52.87 | 7.07 | 42.59 | ||
| - | - | 29 days | 51 days | 23 days | ||
| - | - | 2 days | 0 days | 0 days |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Overdue debts
tax and social security| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Overdue tax debts | - | - | €2,926 | €93 | €0 |
| Overdue social security (RSZ) debts | - | - | - | - | €0 |
Source: notes to the 2021 to 2025 annual accounts (statement of debts)
Securities and guarantees
on own assets and for others| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Debts secured on the company's own assets | - | - | - | - | €0 |
| Debts guaranteed by Belgian public bodies | - | - | - | - | €0 |
| Mortgages, amount registered | - | - | - | - | €0 |
| - | - | - | - | €0 | |
| Carrying value of the mortgaged assets | - | - | - | - | €0 |
| - | - | - | - | €0 | |
| Mandates to pledge the business | - | - | - | - | €0 |
| Pledge on other assets, amount secured | - | - | - | - | €0 |
| Carrying value of the other pledged assets | - | - | - | - | €0 |
| - | - | - | - | €0 |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €2,228 | €16,375 | - | €32,480 |
| Intangible fixed assets | - | - | - | - | €0 |
| Financial fixed assets | - | - | - | - | €0 |
| €1,326 | €797 | €3,575 | €1,426 | €8,310 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on ZENITH
The operating result for 2025 is 23% higher than in 2024 and the highest since 2021. It is the third rise in a row, after the fall in 2022.
Debt's share of the balance-sheet total rises from 27.3% to 79.8%. Equity is lower and debt is higher.