Zenith Graphics Group is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €12.37M and a net result of €1.56M. Equity is growing by ~3.8% per year across the filed fiscal years. Its solvency ranks better than 50% of 2777 sector peers (fiscal year 2024). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit advice for your own amount and term
Signals
Two signals. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-06-2025, 35 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
not confirmed
2024
35 d early
2023
11 d early
2022
20 d early
2021
33 d early
2020
29 d early
2019
28 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, full schema
Equity
€12.37M▲ 6.8%
2023 · €11.58M
2018: €8.94M
2019: €10.37M
2020: €10.65M
2021: €11.00M
2022: €11.14M
2023: €11.58M
2018 → 2024
Net result
€1.56M▲ 23.3%
2023 · €1.26M
2018: €1.85M
2019: €1.76M
2020: €648k
2021: €705k
2022: €792k
2023: €1.26M
2018 → 2024
Total assets
€21.39M▲ 2.4%
2023 · €20.89M
2018: €12.83M
2019: €12.94M
2020: €12.28M
2021: €15.27M
2022: €20.05M
2023: €20.89M
2018 → 2024
Solvency
57.8%▲ 2.4pp
2023 · 55.4%
2018: 69.6%
2019: 80.2%
2020: 86.8%
2021: 72.0%
2022: 55.6%
2023: 55.4%
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€88k-€57k▼ 35.4%€60k▲ 5.3%€108k▲ 80.2%€134k▲ 23.4%
Equity€10.65M-€11.00M▲ 3.3%€11.14M▲ 1.2%€11.58M▲ 4.0%€12.37M▲ 6.8%
Operating result€23k-€56k▲ 146%€96k▲ 70.1%€128k▲ 33.8%€115k▼ 10.5%
Net result€648k-€705k▲ 8.8%€792k▲ 12.3%€1.26M▲ 59.4%€1.56M▲ 23.3%
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 10% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €21.39M
Fixed assets
€18.39M▼ 1.4%
Current assets
€3.00M▲ 33.6%
Equity and liabilities €21.39M
Equity
€12.37M▲ 6.8%
Debt
€9.02M▼ 3.1%
The debt ratio falls from 44.6% to 42.2%. Equity is higher and debt is lower.
Key figures and ratios
Solvency
57.8%▲
2023 · 55.4%
ROE
12.6%▲
2023 · 10.9%
ROA
7.3%▲
2023 · 6.0%
Debt
€9.02M▼
2023 · €9.31M
Debt ≤ 1 year
€1.71M▼
2023 · €1.78M
Debt > 1 year
€7.31M▼
2023 · €7.53M
Income taxes
€7k▲
2023 · €2k
Staff costs
€828k▼
2023 · €858k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€20.89M€21.39M▲
Fixed assets21/28€18.64M€18.39M▼
Intangible fixed assets21€84k€43k▼
Tangible fixed assets22/27€7.27M€7.01M▼
Land and buildings22€7.23M€6.98M▼
Furniture and vehicles24€39k€29k▼
Financial fixed assets28€11.29M€11.34M▲
Affiliated companies280/1€11.27M€11.32M▲
Participating interests280€11.27M€11.32M▲
Other financial fixed assets284/8€17k€17k=
Amounts receivable and cash guarantees285/8€17k€17k=
Current assets29/58€2.25M€3.00M▲
Amounts receivable within one year40/41€2.09M€1.80M▼
Trade receivables40€1.15M€1.48M▲
Other amounts receivable41€938k€324k▼
Current investments50/53-€528k
Own shares50-€528k
Cash at bank and in hand54/58€103k€632k▲
Deferred charges and accrued income490/1€57k€39k▼
Equity and liabilities
Total equity and liabilities10/49€20.89M€21.39M▲
Equity10/15€11.58M€12.37M▲
Contributions10/11€7.66M€7.66M=
Capital10€7.66M€7.66M=
Issued capital100€7.66M€7.66M=
Reserves13€3.92M€4.71M▲
Non-distributable reserves130/1€389k€995k▲
Legal reserve130€389k€467k▲
Own shares acquired1312-€528k
Distributable reserves133€3.53M€3.71M▲
Amounts payable17/49€9.31M€9.02M▼
Amounts payable after more than one year17€7.53M€7.31M▼
Financial debts170/4€6.59M€6.43M▼
Credit institutions173€6.59M€6.43M▼
Other amounts payable178/9€942k€881k▼
Amounts payable within one year42/48€1.78M€1.71M▼
Current portion of amounts payable after more than one year42€429k€481k▲
Trade debts44€285k€230k▼
Suppliers440/4€285k€230k▼
Taxes, remuneration and social security45€122k€109k▼
Taxes450/3€118€18k▲
Remuneration and social security454/9€122k€91k▼
Other amounts payable47/48€941k€890k▼
Accrued charges and deferred income492/3€477-
Income statement
Code20232024
Operating income70/76A€4.50M€2.66M▼
Turnover70€108k€134k▲
Other operating income74€4.39M€2.53M▼
Operating charges60/66A€4.37M€2.55M▼
Services and other goods61€1.34M€1.18M▼
Remuneration, social security and pensions62€858k€828k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€289k€323k▲
Other operating charges640/8€1.88M€218k▼
Operating profit (loss)9901€128k€115k▼
Financial income75/76B€1.22M€1.54M▲
Recurring financial income75€1.22M€1.54M▲
Income from financial fixed assets750€1.22M€1.54M▲
Income from current assets751€3k€3k▼
Other financial income752/9€260€106▼
Financial charges65/66B€88k€95k▲
Recurring financial charges65€88k€95k▲
Debt charges650€88k€94k▲
Other financial charges652/9€590€918▲
Profit (loss) for the period before taxes9903€1.26M€1.56M▲
Income taxes67/77€2k€7k▲
Taxes670/3€2k€7k▲
Profit (loss) for the period9904€1.26M€1.56M▲
Profit (loss) for the period to be appropriated9905€1.26M€1.56M▲
Appropriation of the result
Profit (loss) to be appropriated9906€1.26M€1.56M▲
Transfer from equity791/2-€528k
From reserves792-€528k
Transfer to equity691/2€441k€1.32M▲
To the legal reserve6920€63k€78k▲
To other reserves6921€378k€1.24M▲
Profit to be distributed694/7€822k€770k▼
Return on contributions (dividend)694€822k€770k▼
Social balance
Average headcount (FTE)90879.69.1▼
The notes to these accounts (61 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
26-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
20-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
11-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
02-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Weakest financial yearnet €648k ▼63.2%
Net result drops to €648k, the lowest in the series; recovery starts the following year.
03-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Equity above €10MEq €10.37M ▲16.1%
2 profitable years in a row build equity to €10.37M.
27-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
26-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 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, Dilbeek · 2 establishment units since 2016
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.
Alfons Gossetlaan 301702 DilbeekGround area
8,953 m²
Building footprint
1,097 m²
Volume, LiDAR
6,702 m³
2 parcels, Brussels, Flanders · tallest building 9.7 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
Zenith Graphics Group
since 20162.260.588.661
Zenith Graphics Group
since 20222.338.556.865
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23026A0154/00H000 | Flanders | 7,689 m² | - | - |
| 21003A0223/00A002 | Brussels | 1,264 m² | 1 · 1,097 m² | 9.7 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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
2022 to 2025 · 3 entries · 40,331 EUR awarded · 40,331 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,009 EUR | 1,009 EUR |
| 2023 | 1 | 0 EUR | 39,322 EUR |
| 2022 | 1 | 39,322 EUR | 0 EUR |
Schemes
Subsidies laadpalen (Relance)
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Legal Entity Identifier
875500O2F18GX4PB9P38
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Of 24,726 companies in sector 64210 we hold annual accounts for 19,747. 5,431 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded30-12-2016
Fiscal year end31-12
Activities, NACEBEL
64200Holdings
64210Activities of holding companies
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:finance@zenith.graphics