ZENITH · Checked.be

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of ZENITH is 0.8% (low). The 2024 annual accounts show equity of €43k and a net result of €39k. Equity is growing by ~47.4% per year across the filed fiscal years. Its solvency ranks better than 59% of 3174 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 4 annual accounts.

Signals

1 signal · with evidence

Consistently profitable

Positive net result in the two most recent financial years (2023 and 2024).

View the result trend

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Filing behaviour

From the deposit records, complete market-wide

Deadline passed, not yet counted as missing

The deadline for the year that closed on 31-12-2025 passed on 31-07-2026, 11 days ago. Our copy of the deposit register trails the National Bank (measured: median 14 days, p99 45 days), so we only call this filing missing from 45 days past the deadline.

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 03-03-2025, 150 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.

How we compute the deadline

The year end is derived from 4 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2024, that is 31-07-2025.

Deadline per financial year

Year closed	Due by	Filed	Variance	Reference
31-12-2025	31-07-2026	nothing on record	not filed	-
31-12-2024	31-07-2025	03-03-2025	150 d early	2025-00043912
31-12-2023	31-07-2024	18-07-2024	13 d early	2024-00264022
31-12-2022	31-07-2023	27-07-2023	4 d early	2023-00308620
31-12-2021	31-07-2022	25-07-2022	6 d early	2022-20256160

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals

More than 3 years active

Founded in 2021, past the statistically most fragile first 3 years.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

0.8% Low

0%0,5%1,5%4%10%≥25%

Young company +Lower-failure-rate sector −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Financials

TurnoverNot published (abbreviated filing)

EBIT marginNot published (abbreviated filing)

Net result€39k-18.6%

Working capital€43k-34.5%

CSV export

Annual accounts & ratios

Source: NBB · 2024

Annual accounts filed on 03-03-2025 with the NBB · fiscal year 2024 · micro

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

growing Equity: growth of ~47.4%/year over 4 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2024 · NACE 82 · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	62.1%	53.8%	better than 59% of 3174 sector peers
Net result	€39k	€18k	better than 71% of 3173 sector peers
Equity	€43k	€40k	better than 51% of 3176 sector peers
Gross operating margin	€62k	€36k	better than 68% of 3173 sector peers
Staff costs	€11k	€22k	higher than 44% of 481 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

Sector position over time

Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).

Solvency P59

Improving position over 2021-2024 · n=899-3174

Net result P71

Improving position over 2021-2024 · n=896-3173

Equity P51

Improving position over 2021-2024 · n=902-3176

Gross operating margin P68

Improving position over 2022-2024 · n=1757-3173

Describes the position versus peers, not a forecast.

EBITDA

€62k

+143.6% 21-24

Net profit

€39k

-18.6% 21-24

Cash flow

€47k

+120.0% 21-24

Total assets

€69k

-9.9% 21-24

Equity

€43k

-34.5% 21-24

Working capital

€43k

-34.5% 21-24

Staff costs

€11k

- 21-24

Income taxes

€11k

-18.2% 21-24

Dividends

€61k

- 21-24

Debt

€26k

+132.5% 21-24

Debt ≤ 1y

€26k

+132.5% 21-24

Current ratio

2.64

-61.3% 21-24

Quick ratio

2.64

-61.3% 21-24

Solvency

62.1%

-27.3% 21-24

Debt / equity

0.61

+254.9% 21-24

ROE

90.8%

+24.2% 21-24

ROA

56.3%

-9.6% 21-24

Interest coverage

33.47

-90.5% 21-24

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2024
Deposit	micro
Revenue	-
EBITDA	-
Net profit	€39k
Cash flow	-
Staff costs	€11k
Income taxes	€11k
Dividends	€61k
Total assets	€69k
Equity	€43k
Debt	€26k
of which ≤ 1y	€26k
of which > 1y	-
Working capital	€43k
Employees (FTE)	-

Ratios (computed)

	2024
Current ratio	2.64
Quick ratio	2.64
Working capital ratio	62.1%
Solvency	62.1%
Debt / equity	0.61
Long-term debt ratio	-
Interest coverage	-
Gross margin	-
Net margin	-
ROA	56.3%
ROE	90.8%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2024

Equity & liabilities

Equity €43k · 62.1% Debt €26k · 37.9%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2024
Balance sheet, Assets
TOTAL ASSETS	20/58	€69k
Current assets	29/58	€69k
Amounts receivable within one year	40/41	€6k
Cash & bank	54/58	€61k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€69k
Equity	10/15	€43k
Contributions / capital	10/11	€3k
Accumulated profits (losses)	14	€40k
Amounts payable	17/49	€26k
Amounts payable within one year	42/48	€26k
Trade debts payable within one year	44	€614
Income statement
Gross operating margin	9900	€62k
Operating result	9901	€50k
Financial income	75	€45
Financial charges	65	€1k
Result before taxes	9903	€49k
Income taxes	67/77	€11k
Net result for the period	9904	€39k
Result to be appropriated	9905	€39k

You're seeing the latest fiscal year only. Unlock 3 prior years (figures + ratios) with a paid plan. See plans →

Ratios computed by Checked.

Health barometer

FY 2024 · computed

82 / 100 Excellent

050100

Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Unlock the full score breakdown, per-year score history and the indicative credit limit with Plus.

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Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.

Directors

Directors & mandates

2 directors

Current directors & mandates

Joseph Wilfried Stefaan Talpe
Director
State Gazette act 24088154 (11-06-2024)

Current
15-12-2023 → present

Former directors (1)

Victor Talpe
Director
State Gazette act 24088154 (11-06-2024)

Former
- → 15-12-2023

Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.

Insolvency mandates

No insolvency mandates (liquidators, administrators) on record for this company.

Legal Structure

NACE primary	Overige zakelijke dienstverlening, neg(82990)
Legal form	Private limited company(610)
Incorporation	20-09-2021
Status	Active
Postal code	9000

Structure & network

Locations & real estate

Registered office

on the map · from the address register

exact location from the address register On OpenStreetMap

10 companies at this address See who is registered here

Establishment units

1 location

ZENITH

Ferdinand Lousbergskaai 105, 9000 GentManagementsactiviteiten van holdings : tussenkomen in het dagelijks bestuur, vertegenwoordigen van bedrijven op grond van bezit van of controle over het maatschappelijk kapitaal, enz.

since 20212.322.128.629

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Parcels1

Ground area6,639 m²

Buildings1

Building footprint4,129 m²

Volume (LiDAR)50,028 m³

Tallest building16.3 m · ±5 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

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.

Methodology

via registered seat: 1

1 of 1 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgisch Staatsblad · acts

1 acts

Address history · 1

11-06-2024

Registered-office move

All acts · 1 updated 2 years ago

2024

11-06-2024 Registered office moved to Gent Registered-office change

Ferdinand Lousbergskaai 105 B06 9000 Gent

Original publication ↗

Analysis

Snowflake analysis

financial profile on 5 axes

91 / 100

Exceptional profile, strong across almost every axis.

All 5 axes are computed from data Checked has read.

Health 82

Profitability 100

Solvency 99

Growth 78

Stability 94

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