ZENITH CONCEPT
ActiveSummary
The computed 12-month bankruptcy probability of ZENITH CONCEPT is 6.9% (elevated). The 2025 annual accounts show equity of €5k and a net result of €-53. Equity is shrinking by ~6.4% per year across the filed fiscal years. Its solvency ranks better than 91% of 4654 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
59
/ 100
Fair
An elevated bankruptcy probability caps the score. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability35▲+19
Solvency100▲+1
Growth58=
Track record94
Bankruptcy probability, 12 months
6.9%
Elevated
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Liquidity ample (current ratio 7.64 against 3.82 in 2024; short-term debt: 13.1% of total assets), and 13.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 49
Relative position
BE, all sectors
reference
Land transport and transport via pipelines (NACE 49)
about 141% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
86.9%
Return on assets
-1%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 11-09-2026, 42 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 3 filingsDeviation from the deadline
2025
42 d late
2024
42 d late
2023
128 d late
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€5k▼ 1.1%
2024 · €5k
2023: €5khighest in 3 years
2024: €5k▼ -10.4% vs 2023
2025: €5k▼ -1.1% vs 2024lowest in 3 years
2023 → 2025
Total assets
€5k▼ 16.0%
2024 · €6k
2023: €7khighest in 3 years
2024: €6k▼ -7.4% vs 2023
2025: €5k▼ -16.0% vs 2024lowest in 3 years
2023 → 2025
Net result
€-53▲ 90.1%
2024 · €-535
2023: €-2klowest in 3 years
2024: €-535▲ +71.2% vs 2023
2025: €-53▲ +90.1% vs 2024highest in 3 years
2023 → 2025
Working capital
€5k▼ 1.1%
2024 · €5k
2023: €5khighest in 3 years
2024: €5k▼ -10.4% vs 2023
2025: €5k▼ -1.1% vs 2024lowest in 3 years
2023 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€5k-€5k▼ 10.4%€5k▼ 1.1%
2023: €5khighest in 3 years
2024: €5k▼ -10.4% vs 2023
2025: €5k▼ -1.1% vs 2024lowest in 3 years
Operating result€-2k-€-224▲ 87.2%€12
2023: €-2klowest in 3 years
2024: €-224▲ +87.2% vs 2023
2025: €12▲ +106% vs 2024highest in 3 years
Net result€-2k-€-535▲ 71.2%€-53▲ 90.1%
2023: €-2klowest in 3 years
2024: €-535▲ +71.2% vs 2023
2025: €-53▲ +90.1% vs 2024highest in 3 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €12 after a loss of €224 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €5k
Equity
€5k ▼ 1.1%
Debt
€686 ▼ 58.0%
Debt's share of the balance-sheet total falls from 26.2% to 13.1%. Equity and debt are lower.
Key figures and ratios
Current ratio
7.64▲
2024 · 3.82
Debt to equity
0.15▼
2024 · 0.35
ROE
-1.2%▲
2024 · -11.6%
ROA
-1.0%▲
2024 · -8.6%
Debt ≤ 1 year
€686▼
2024 · €2k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 30 lines
Balance sheet
Code20242025
Assets
Total assets20/58€6k€5k▼
Current assets29/58€6k€5k▼
Amounts receivable within one year40/41€6k€3k▼
Trade receivables40€739€460▼
Other amounts receivable41€6k€3k▼
Deferred charges and accrued income490/1-€2k
Equity and liabilities
Total equity and liabilities10/49€6k€5k▼
Equity10/15€5k€5k▼
Contributions10/11€7k€7k=
Profit (loss) carried forward14€-2k€-2k▼
Amounts payable17/49€2k€686▼
Amounts payable within one year42/48€2k€686▼
Financial debts43€54-
Credit institutions430/8€54-
Trade debts44€2k€380▼
Suppliers440/4€2k€380▼
Taxes, remuneration and social security45-€306
Taxes450/3-€306
Income statement
Code20242025
Other operating charges640/8€224€901▲
Gross operating margin9900-€913
Operating profit (loss)9901€-224€12▲
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€312€65▼
Recurring financial charges65€312€65▼
Profit (loss) for the period before taxes9903€-535€-53▲
Profit (loss) for the period9904€-535€-53▲
Profit (loss) for the period to be appropriated9905€-535€-53▲
Appropriation of the result
Profit (loss) to be appropriated9906€-2k€-2k▼
Profit (loss) brought forward from the previous period14P€-2k€-2k▼
The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Goods, raw materials, services and sundry goods60/61 | €2k | - | - | - |
| Other operating charges640/8 | €75 | €224 | €901 | ▲ 302% |
| Gross operating margin9900 | €-2k | - | €913 | - |
| Operating profit (loss)9901 | €-2k | €-224 | €12 | ▲ 106% |
| Financial income75/76B | - | €0 | - | - |
| Recurring financial income75 | - | €0 | - | - |
| Financial charges65/66B | €113 | €312 | €65 | ▼ 79.0% |
| Recurring financial charges65 | €113 | €312 | €65 | ▼ 79.0% |
| Profit (loss) for the period before taxes9903 | €-2k | €-535 | €-53 | ▲ 90.1% |
| Profit (loss) for the period9904 | €-2k | €-535 | €-53 | ▲ 90.1% |
| Profit (loss) for the period to be appropriated9905 | €-2k | €-535 | €-53 | ▲ 90.1% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €7k | €6k | €5k | ▼ 16.0% |
| Current assets29/58 | €7k | €6k | €5k | ▼ 16.0% |
| Amounts receivable within one year40/41 | €7k | €6k | €3k | ▼ 46.3% |
| Trade receivables40 | €739 | €739 | €460 | ▼ 37.8% |
| Other amounts receivable41 | €6k | €6k | €3k | ▼ 47.4% |
| Deferred charges and accrued income490/1 | - | - | €2k | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €7k | €6k | €5k | ▼ 16.0% |
| Equity10/15 | €5k | €5k | €5k | ▼ 1.1% |
| Contributions10/11 | €7k | €7k | €7k | = |
| Profit (loss) carried forward14 | €-2k | €-2k | €-2k | ▼ 2.2% |
| Amounts payable17/49 | €2k | €2k | €686 | ▼ 58.0% |
| Amounts payable within one year42/48 | €2k | €2k | €686 | ▼ 58.0% |
| Financial debts43 | €19 | €54 | - | - |
| Credit institutions430/8 | - | €54 | - | - |
| Other loans439 | €19 | - | - | - |
| Trade debts44 | €2k | €2k | €380 | ▼ 75.9% |
| Suppliers440/4 | €2k | €2k | €380 | ▼ 75.9% |
| Taxes, remuneration and social security45 | - | - | €306 | - |
| Taxes450/3 | - | - | €306 | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €-2k | €-535 | €-53 | ▲ 90.1% |
| Operating cash flow (approximation) | €-2k | €-535 | €-53 | ▲ 90.1% |
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
11-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 42 days late
2025
31-12
Financial
Liquidity doublescurrent ratio 7.64
Current ratio from 3.82 to 7.64; short-term debt falls from €2k to €686.
11-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 42 days late
2024
06-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 128 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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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, Vorst · 1 establishment unit since 2022
Ground area
260 m²
Building footprint
259 m²
Volume, LiDAR
2,171 m³
Parcel 21382C0227/00M027, Brussels · tallest building 15.6 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
ZENITH CONCEPT
since 20222.339.499.844
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21382C0227/00M027 | Brussels | 260 m² | 1 · 259 m² | 15.6 m · 4 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.
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Of 6,685 companies in sector 49330 we hold annual accounts for 2,296. 1,663 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
Founded23-08-2022
Fiscal year end31-12
Activities, NACEBEL 2025
49320Non-scheduled passenger transport by road
49330On-demand passenger transport by chauffeured vehicle
49310Scheduled passenger transport by road
Scores and ratios are computed by Checked and are not a credit decision.