Equity
ZENITH paid out €12,231 in dividends. That is 100% of the 2025 profit.
ZENITH paid out €12,231 in dividends. That is 100% of the 2025 profit.
The accounts state no turnover.
Short-term debts rose from €11,284 to €19,756.
The last five annual accounts were filed 28 to 172 days before the end of the period.
Less equity than 90% of companies in legal and accounting. Sector median €87,489 · 16,415 companies.
In July 2024, 6,712 companies had the same profile as ZENITH has now. Each dot stands for 17 companies, two years later.
Another 0.1% stopped without a precise date, possibly only after those two years.
The method was tested on the 497,331 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,712 companies, not a prediction for ZENITH. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
| Company | ||||
|---|---|---|---|---|
| ZENITH Forest | €24,756 | €17,157 | 20.2% | - |
| LIEM PHAN Anderlecht | €24,679 | €14,751 | 22.2% | - |
| FIDUCIAIRE AUXILIA Herstal | €31,800 | €21,324 | 98.8% | - |
| GH CONSULT Zaventem | €21,819 | €16,247 | 11.2% | - |
| Socogelex Eghezée | €30,222 | €13,683 | 89.1% | - |
| V.B.C.F. Eghezée | €25,422 | €15,834 | 22.1% | - |
| HK Tax & Accountancy Wommelgem | €36,279 | €16,371 | 44.9% | - |
These companies have the same main activity as ZENITH: certified accountants and tax accountants (NACE 69201). They are comparable in size and age: total assets between €21,800 and €36,300, founded between 2019 and 2022.
ZENITH files the micro format. That format states no turnover. The gross margin rose from €10,407 in 2021 to €17,157 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Higher than 20% of 16,409 companies in 2025.
Higher than 27% of 16,149 companies in 2025.
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
| 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.
| 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 |
| 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.
| 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)
| 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)
| 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)
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.
ZENITH has no parent and no holdings in its annual accounts. ZENITH shares no director with another company.
| ADAM JULIE
registered office since 23-10-2025 · founded in 2025 |
total assets €49,534 (2025) 1029.572.747 |
| STUDIO OTAMENDI
registered office since 11-03-2013 · founded in 2013 · negative equity (2025) |
total assets €19,173 (2025) 0521.917.804 |
| Huet, Maxence (sole trader)
establishment since 07-12-2020 |
founded in 2022 0758.936.314 |
| Sternotte, Yannick (sole trader)
establishment since 01-10-2014 |
founded in 2014 0562.860.811 |
| Tous en Scéne
registered office since 11-11-1999 |
founded in 1999 0467.256.027 |
| Association des copropriétaires à Forest, avenue Alexandre Bertrand, 1
registered office since 03-12-1969 |
founded in 1969 0828.591.321 |
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
On 8 December 2020, ZENITH was incorporated as a private limited company by two natural persons, with a starting capital of €30,000.12 The registered office moved to Uccle in 2023 and to Forest in 2025.34 The name was changed to ZENITH in 2025.4 Today the board has 3 members.4 Turnover went from €48,486 in 2021 to €37,208 in 2023.5
| Establishment | Since | Unit number |
|---|---|---|
| Zenith SRL registered office Alexandre Bertrandlaan 1, 1190 Forest | 08-12-2020 | 2.311.356.382 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 21383B0031/00D034 | 185 m² | 1 · 149 m² | 24.1 m · 7 |
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