ZENITH
ActiveSummary
ZENITH has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3,776 and a net result of €60,237. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 15% of 7833 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency29▼-58
Growth78=
Track record94
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
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Signals
Five 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 82
Relative position
BE, all sectors
reference
Office administrative, office support and other business support activities (NACE 82)
about 37% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
3.7%
Return on assets
58.5%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 7833 sector peers (2025).
NBB · sector comparisonPosition among 7833 sector peers
Solvency
better than 15%
← weakest
strongest →
neutral · A punctual record breaks
This company filed 4 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 5 filingsDeviation from the deadline
2025
31 d late
2024
150 d early
2023
13 d early
2022
4 d early
2021
6 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 28 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% 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.
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, micro schema
Equity
€3,776▼ 91.1%
2024 · €42,539
Total assets
€102,902▲ 50.1%
2024 · €68,547
Net result
€60,237▲ 56.0%
2024 · €38,612
Working capital
€3,776▼ 91.1%
2024 · €42,539
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 82, Office administrative, office support and other business support activities, 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-€597-€19,069€62,173▲ 226%€50,193▼ 19.3%€77,767▲ 54.9%
Net result-€609within the sector's middle half-€15,102within the sector's middle half€47,433above the sector's middle half▲ 214%€38,612within the sector's middle half▼ 18.6%€60,237above the sector's middle half▲ 56.0%
Equity€2,391below the sector's middle half-€17,493within the sector's middle half▲ 632%€64,927within the sector's middle half▲ 271%€42,539within the sector's middle half▼ 34.5%€3,776below the sector's middle half▼ 91.1%
Total assets€5,633below the sector's middle half-€40,580below the sector's middle half▲ 620%€76,113within the sector's middle half▲ 87.6%€68,547within the sector's middle half▼ 9.9%€102,902within the sector's middle half▲ 50.1%
Debt€3,242-€23,087▲ 612%€11,186▼ 51.5%€26,009▲ 133%€99,127▲ 281%
Working capital€185within the sector's middle half--€4,174within the sector's middle half€64,927within the sector's middle half€42,539within the sector's middle half▼ 34.5%€3,776within the sector's middle half▼ 91.1%
Solvency42.4%within the sector's middle half-43.1%within the sector's middle half▲ 0.7pp85.3%above the sector's middle half▲ 42.2pp62.1%within the sector's middle half▼ 23.2pp3.7%below the sector's middle half▼ 58.4pp
Current ratio1.06within the sector's middle half-0.82below the sector's middle half▼ 0.246.80above the sector's middle half▲ 5.992.64within the sector's middle half▼ 4.171.04within the sector's middle half▼ 1.60
Return on assets (ROA)-10.8%below the sector's middle half-37.2%above the sector's middle half▲ 48.0pp62.3%above the sector's middle half▲ 25.1pp56.3%above the sector's middle half▼ 6.0pp58.5%above the sector's middle half▲ 2.2pp
above
within
below
the middle half (P25 to P75) of NACE 82, Office administrative, office support and other business support activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 55% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €102,902
Equity
€3,776 ▼ 91.1%
Debt
€99,127 ▲ 281%
Debt's share of the balance-sheet total rises from 37.9% to 96.3%. Equity is lower and debt is higher.
Key figures and ratios
Debt to equity
26.25▲
2024 · 0.61
Debt ≤ 1 year
€99,127▲
2024 · €26,009
Income taxes
€17,573▲
2024 · €10,550
Staff costs
€0▼
2024 · €11,031
A ratio outside any meaningful range has been withheld (balance sheet total €102,902, equity €3,776).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,151 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.
- Micro
- 5 to 10 years old
- solvency under 10%
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.8% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 2,151 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €11,031 | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €597 | €6,455 | €0 | - | - | - |
| Other operating charges640/8 | - | €112 | €2,721 | €329 | €547 | ▲ 66.6% |
| Gross operating margin9900 | - | €25,636 | €64,894 | €61,553 | €78,314 | ▲ 27.2% |
| Operating profit (loss)9901 | -€597 | €19,069 | €62,173 | €50,193 | €77,767 | ▲ 54.9% |
| Financial income75/76B | - | - | €12 | €45 | €163 | ▲ 267% |
| Recurring financial income75 | - | - | €12 | €45 | €163 | ▲ 267% |
| Financial charges65/66B | €12 | €73 | €1,858 | €1,076 | €120 | ▼ 88.8% |
| Recurring financial charges65 | €12 | €73 | €1,858 | €1,076 | €120 | ▼ 88.8% |
| Profit (loss) for the period before taxes9903 | -€609 | €18,997 | €60,327 | €49,162 | €77,810 | ▲ 58.3% |
| Income taxes67/77 | - | €3,894 | €12,894 | €10,550 | €17,573 | ▲ 66.6% |
| Profit (loss) for the period9904 | -€609 | €15,102 | €47,433 | €38,612 | €60,237 | ▲ 56.0% |
| Profit (loss) for the period to be appropriated9905 | -€609 | €15,102 | €47,433 | €38,612 | €60,237 | ▲ 56.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €5,633 | €40,580 | €76,113 | €68,547 | €102,902 | ▲ 50.1% |
| Formation expenses20 | €2,206 | €0 | - | - | - | - |
| Fixed assets21/28 | - | €21,668 | €0 | - | - | - |
| Tangible fixed assets22/27 | - | €21,668 | €0 | - | - | - |
| Leasing and similar rights25 | - | €21,668 | €0 | - | - | - |
| Current assets29/58 | €3,427 | €18,913 | €76,113 | €68,547 | €102,902 | ▲ 50.1% |
| Amounts receivable within one year40/41 | €580 | €4,802 | €6,368 | €6,317 | €0 | ▼ 100% |
| Other amounts receivable41 | €580 | €4,802 | €6,368 | €6,317 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €2,847 | €14,111 | €69,021 | €61,467 | €102,135 | ▲ 66.2% |
| Deferred charges and accrued income490/1 | - | - | €724 | €764 | €768 | ▲ 0.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €5,633 | €40,580 | €76,113 | €68,547 | €102,902 | ▲ 50.1% |
| Equity10/15 | €2,391 | €17,493 | €64,927 | €42,539 | €3,776 | ▼ 91.1% |
| Contributions10/11 | €3,000 | €3,000 | €3,000 | €3,000 | €3,000 | = |
| Profit (loss) carried forward14 | -€609 | €14,493 | €61,927 | €39,539 | €776 | ▼ 98.0% |
| Amounts payable17/49 | €3,242 | €23,087 | €11,186 | €26,009 | €99,127 | ▲ 281% |
| Amounts payable within one year42/48 | €3,242 | €23,087 | €11,186 | €26,009 | €99,127 | ▲ 281% |
| Trade debts44 | €3,242 | €1,353 | €2,160 | €614 | €8,886 | ▲ 1,348% |
| Suppliers440/4 | €3,242 | €1,353 | €2,160 | €614 | €8,886 | ▲ 1,348% |
| Taxes, remuneration and social security45 | - | - | €9,026 | €13,497 | €15,918 | ▲ 17.9% |
| Taxes450/3 | - | - | €9,026 | €13,497 | €15,918 | ▲ 17.9% |
| Other amounts payable47/48 | - | €21,734 | €0 | €11,897 | €74,323 | ▲ 525% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€609 | €15,102 | €47,433 | €38,612 | €60,237 | ▲ 56.0% |
| + Depreciation and write-downs630 | €597 | €6,455 | €0 | - | - | - |
| Operating cash flow (approximation) | -€12 | €21,557 | €47,433 | €38,612 | €60,237 | ▲ 56.0% |
| Investment in fixed assets (approximation) | - | - | €21,668 | - | - | - |
| Change in cash | - | €11,264 | €54,910 | -€7,554 | €40,668 | ▲ 638% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Highest result since 2021net €60,237 ▲56%
Operating result €77,767, net result €60,237, both a record.
03-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
18-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity times 8current ratio 6.80
Current ratio from 0.82 to 6.80; short-term debt falls from €23,087 to €11,186.
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €15,102
Net result €15,102 after one loss-making year.
25-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
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, Gent · 1 establishment unit since 2021
Ground area
6,639 m²
Building footprint
4,129 m²
Volume, LiDAR
50,028 m³
Parcel 44804D3609/00W000, Flanders · tallest building 16.3 m, ±5 floors. Linked by address, not a title deed.
10
companies at this address
See who is registered here
1 establishment unit
ZENITH
since 20212.322.128.629
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44804D3609/00W000 | Flanders | 6,639 m² | 1 · 4,129 m² | 16.3 m · 5 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.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 7,644 EUR awarded · 3,147 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 7,644 EUR | 3,147 EUR |
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Of 24,517 companies in sector 82990 we hold annual accounts for 9,421. 2,676 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded20-09-2021
Fiscal year end31-12
Activities, NACEBEL 2025
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0774336845
Registered
27-03-2026
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.