Equity
€4.2m ▲ 1.9%
Zenith Graphics paid out €1.1m in dividends. That is 92% of the 2025 profit.
Zenith Graphics
Lifetime
19 annual accounts with figures on one time axis, 49 filings since 1977peak €20.2m (2025)
€20.2m▲ 6.4%
peak €1.2m (2025)
€1.2m▲ 33.1%
peak €6.7m (2014)
€4.2m▲ 1.9%
€6.4m▼ 14.7%
peak 90.4 FTE (2025)
90.4 FTE▲ 10.4%
Board7 names since 1986
5 directorsPierre Toussaint and 4 others
Owners
Documentsfilings and deeds
29-06-202632 days before the deadline
2025financial year
Result from €893,435 to €1.2mStaff from 81.9 FTE to 90.4 FTENew director and managing director 29-01Dividend €1.1m
Key points
from the 2025 annual accountsResult
€1.2m ▲ 33.1%
The result rose in 2025 from €893,435 to €1.2m.
Staff
100 employees on 31-12-2025
In 2025, 24 people joined and 9 left. On top of that, 2.8 agency workers worked there on average.
Payment terms
70 days to suppliers
Zenith Graphics pays its suppliers 39 days earlier than in 2024. Customers pay 9 days earlier.
Filings
49 annual accounts since 1977
The last five annual accounts were filed 20 to 39 days before the end of the period.
Board
1 left
A director left. Latest change 22-09-2026 · 4 in office.
Checked score
96
Excellent
Financially stronger than 66% of companies in motor vehicles (NACE 29)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 27 companies (NACE 29, medium-sized).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.4%
01-2025: 0.4%● unchanged vs 12-2024
02-2025: 0.3%▼ -0.1 percentage points vs 01-2025
03-2025: 0.3%● unchanged vs 02-2025
04-2025: 0.4%▲ +0.1 percentage points vs 03-2025
05-2025: 0.4%● unchanged vs 04-2025
06-2025: 0.4%● unchanged vs 05-2025highest value
07-2025: 0.2%▼ -0.2 percentage points vs 06-2025
08-2025: 0.2%● unchanged vs 07-2025
09-2025: 0.2%● unchanged vs 08-2025
10-2025: 0.2%● unchanged vs 09-2025
11-2025: 0.2%● unchanged vs 10-2025
12-2025: 0.2%● unchanged vs 11-2025
01-2026: 0.2%● unchanged vs 12-2025
02-2026: 0.2%● unchanged vs 01-2026
03-2026: 0.2%● unchanged vs 02-2026
04-2026: 0.1%▼ -0.1 percentage points vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026lowest value
08-2026: 0.1%● unchanged vs 07-2026lowest value
09-2026: 0.1%● unchanged vs 08-2026lowest value
10-2026: 0.1%● unchanged vs 09-2026lowest value
11-2026: 0.1%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
lowers risk
Founded in 1968
Profit of €1.2m (financial year 2025)
Size: turnover €20.2m, 90.4 FTE, total assets €10.7m
Legal form: public limited company
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 29). It does better than 57% of them on solvency, 55% on liquidity, 90% on profitability and 60% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 1,579 companies had the same profile as Zenith Graphics has now. Each dot stands for 4 companies, two years later.
96.6%
were still trading
3.2%
stopped another way
0.1%
went bankrupt
That fits the bankruptcy probability of Zenith Graphics itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 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 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 1,579 companies, not a prediction for Zenith Graphics. 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.
Credit verdict
Credit of up to €400,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.38 (1.21 in 2024), below the usual 1.5. Short-term debt is 47% and cash 10.1% of total assets. 60.2% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
5 signals, none raises the risk
Five signals.
lowers riskneutral
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 29-06-2026, 32 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
32 days early
2024
35 days early
2023
35 days early
2022
20 days early
2021
39 days early
2020
26 days early
2019
28 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 31 days before the deadline. In the sector (NACE 29), the median for financial year 2024 was 6 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 27 June (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- Zenith Graphics Group 100%equity €12.5m (2025) · 2025 annual accounts of Zenith Graphics Group
Recent changes
Resignation: Pierre Toussaint (director)
General meeting of 22-09-2026 · Gazette deed
New director and managing director
Thomas ANTHUENIS appointed, BV WEBLOGISTICS resigned · Permanent representative: Thomas ANTHUENIS · Director discharge: BV WEBLOGISTICS · General meeting of 31-12-2024 · Gazette deed
Reappointment: BV RSM INTERAUDIT (statutory auditor)
Permanent representative: Kurt Persoons · General meeting of 20-06-2024 · Gazette deed
Company renamed from OTM-ZENITH to Zenith Graphics
Registered office moved from Brussels to Dilbeek · New registered office: Alfons Gossetlaan 30 A, 1702 Dilbeek · Previous registered office: Sint-Agatha-Berchem (1082 Brussel), Groot-Bijgaardenstraat 500 · General meeting of 11-12-2023 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Zenith Graphics Dilbeek | €20.2m | 8.8% | 39.8% | 90.4 |
| Pullmaflex Benelux Wevelgem | €36.4m | 16.0% | 10.2% | 127.5 |
| G.D.W. Waregem | €35.2m | 20.3% | 60.4% | 99.8 |
| RÖCHLING AUTOMOTIVE GIJZEGEM Aalst | €20.5m | -14.4% | 55.5% | 117.9 |
| AXENTRA EU La Louvière | €22.6m | -15.5% | 67.9% | 138.8 |
| IEPERBAND Ypres | €11.2m | -1.5% | 10.3% | 41.4 |
| VDL BELGIUM Aalst | €12.9m | 5.5% | 27.6% | 51.5 |
Grey: the largest companies of the sector (motor vehicles (NACE 29)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as Zenith Graphics: manufacture of other parts and accessories for motor vehicles (NACE 29320). They are comparable in size and age: total assets between €5m and €30m, founded between 1967 and 1989.
Official details
Source: KBO- Status
- ActiveNormal situation
- Activity
- Manufacture of other parts and accessories for motor vehiclesNACE 29320and 1 other
- Joint committees
- 200Auxiliary committee for white-collar workers
- 130Printing, graphic arts and newspapers · annual accounts 2025
- Establishment units
- 2.006.180.6251082 Berchem-Sainte-Agathe, since 01-04-1959
- 2.342.562.4701702 Dilbeek, since 01-03-2023
- Financial year end
- 31 December
- Peppol
- Reachable
Annual accounts 2025
- €10.7m▼ 8.5%
- Employeeson 31-12-2025
- 100▲ 17.6%
- Filing
- Filed on 29-06-2026, 32 days before the end of the filing period
Insights on Zenith Graphics
Zenith Graphics has existed since 1968. Turnover grew from €5.3m in 2013 to €20.2m in 2025 and staff from 25.5 to 90.4 full-time equivalents.
Turnover has grown every year since 2020.
Zenith Graphics Group holds all the shares. In January 2025, the Official Gazette published the appointment of Thomas ANTHUENIS as managing director.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Zenith Graphics
- What is the company number of Zenith Graphics?
- The company number of Zenith Graphics is 0402.650.364. The VAT number is the same number with BE in front: BE 0402.650.364.
- Where is Zenith Graphics based?
- The registered office is at Alfons Gossetlaan 30A, 1702 Dilbeek.Company details
- What does Zenith Graphics do?
- According to the KBO register, the main activity is manufacture of other parts and accessories for motor vehicles (NACE 29320).
- What is the legal form of Zenith Graphics?
- Zenith Graphics is a public limited company (NV).
- When was Zenith Graphics founded?
- Zenith Graphics was founded on 01-01-1968.
- Is Zenith Graphics still active?
- Yes, Zenith Graphics is an active enterprise in the KBO register.
- How many employees does Zenith Graphics have?
- Zenith Graphics had an average of 90.4 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does Zenith Graphics fall under?
- In its 2025 annual accounts, Zenith Graphics states joint committees 200 (Auxiliary committee for white-collar workers) and 130 (Printing, graphic arts and newspapers).
- What is the turnover of Zenith Graphics?
- The turnover of Zenith Graphics was €20.2m in financial year 2025, according to the filed annual accounts.
- Is Zenith Graphics profitable?
- In financial year 2025, Zenith Graphics made a profit of €1.2m.
- Where can I find the annual accounts of Zenith Graphics?
- Zenith Graphics filed 49 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Zenith Graphics due?
- Zenith Graphics must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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