ZENITH CAPITAL
ActiveZENITH CAPITAL has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €836k and a net result of €19k. Equity is growing by ~411.7% per year across the filed fiscal years. Its solvency ranks better than 46% of 13977 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
60
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability56▲+5
Solvency49▲+17
Growth52=
Track record94
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50k at 30 days acceptable
Liquidity short (current ratio 0.25 against 0.2 in 2024; short-term debt: 24.4% and cash: 3.3% of total assets), and 75.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 68
Relative position
BE, all sectors
reference
Sector 68
lower
← 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
24.4%
Return on assets
0.6%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-07-2026, 2 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
2 d early
2024
on the day
2023
2 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
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€836k▲ 801%
2024 · €93k
2023: €72k
2024: €93k
2023 → 2025
Total assets
€3.43M▲ 165%
2024 · €1.29M
2023: €689k
2024: €1.29M
2023 → 2025
Net result
€19k▼ 7.2%
2024 · €20k
2023: €62k
2024: €20k
2023 → 2025
Working capital
€-626k▼ 18.4%
2024 · €-529k
2023: €-389k
2024: €-529k
2023 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€72k-€93k▲ 28.3%€836k▲ 801%
Operating result€83k-€64k▼ 22.5%€64k▼ 0.1%
Net result€62k-€20k▼ 67.2%€19k▼ 7.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 0% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.43M
Fixed assets
€3.22M▲ 178%
Current assets
€210k▲ 58.3%
Equity and liabilities €3.43M
Equity
€836k▲ 801%
Debt
€2.60M▲ 116%
The debt ratio falls from 92.8% to 75.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€171k▲
2024 · €132k
Cash flow
€125k▲
2024 · €88k
Solvency
24.4%▲
2024 · 7.2%
Current ratio
0.25▲
2024 · 0.20
Quick ratio
0.20▲
2024 · 0.09
Debt / equity
3.10▼
2024 · 12.94
ROE
2.3%▼
2024 · 22.0%
ROA
0.6%▼
2024 · 1.6%
Interest coverage
4.33▲
2024 · 3.64
Debt
€2.60M▲
2024 · €1.20M
Debt ≤ 1 year
€836k▲
2024 · €662k
Debt > 1 year
€1.75M▲
2024 · €539k
Income taxes
€6k▼
2024 · €8k
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€1.29M€3.43M▲
Fixed assets21/28€1.16M€3.22M▲
Tangible fixed assets22/27€1.16M€3.22M▲
Land and buildings22€1.16M€3.22M▲
Plant, machinery and equipment23€1k€4k▲
Current assets29/58€133k€210k▲
Stocks and contracts in progress3€73k€39k▼
Stocks30/36€73k€39k▼
Amounts receivable within one year40/41€34k€55k▲
Trade receivables40€34k€34k▲
Other amounts receivable41-€21k
Cash at bank and in hand54/58€26k€113k▲
Deferred charges and accrued income490/1€986€3k▲
Equity and liabilities
Total equity and liabilities10/49€1.29M€3.43M▲
Equity10/15€93k€836k▲
Contributions10/11€10k€10k=
Revaluation surpluses12-€724k
Profit (loss) carried forward14€83k€102k▲
Amounts payable17/49€1.20M€2.60M▲
Amounts payable after more than one year17€539k€1.75M▲
Financial debts170/4€539k€1.75M▲
Amounts payable within one year42/48€662k€836k▲
Current portion of amounts payable after more than one year42€25k€88k▲
Financial debts43-€90k
Other loans439-€90k
Trade debts44€82k€93k▲
Suppliers440/4€82k€93k▲
Taxes, remuneration and social security45€8k€7k▼
Taxes450/3€8k€7k▼
Other amounts payable47/48€547k€558k▲
Accrued charges and deferred income492/3-€6k
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€68k€106k▲
Other operating charges640/8-€10k
Gross operating margin9900€132k€181k▲
Operating profit (loss)9901€64k€64k▼
Financial income75/76B€81€436▲
Recurring financial income75€81€436▲
Financial charges65/66B€36k€39k▲
Recurring financial charges65€36k€39k▲
Profit (loss) for the period before taxes9903€28k€25k▼
Income taxes67/77€8k€6k▼
Profit (loss) for the period9904€20k€19k▼
Profit (loss) for the period to be appropriated9905€20k€19k▼
Appropriation of the result
Profit (loss) to be appropriated9906€83k€102k▲
Profit (loss) brought forward from the previous period14P€62k€83k▲
The notes to these accounts (14 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
29-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €19k ▼7.2%
Net result drops to €19k, the lowest in the series.
31-12
Financial
Equity above €500kEq €836k ▲801%
3 profitable years in a row build equity to €836k.
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
29-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Ranst · 1 establishment unit since 2022
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.
Everhoek 1A2520 RanstGround area
1,361 m²
Building footprint
289 m²
Volume, LiDAR
1,451 m³
Parcel 11031C0033/00F003, Flanders · tallest building 8.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ZENITH CAPITAL
since 20222.329.629.895
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11031C0033/00F003 | Flanders | 1,361 m² | 1 · 289 m² | 8.2 m · 2 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.
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midi developpement
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WALLSTONE
BE 0830.091.851
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AUREUM PROJECTS
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Of 9,697 companies in sector 68121 we hold annual accounts for 7,382. 4,149 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded30-03-2022
Fiscal year end31-12
Activities, NACEBEL
68121Development of residential building projects
41001General construction of residential buildings
68110Buying and selling of own real estate
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryPhone:0471328526