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Zenith Graphics Services

Active
Private limited companyfounded 201115 yrs activePotaardestraat 42, 1082 Sint-Agatha-Berchem, BelgiumKBO/BCE: BE 0836.794.848
Summary

Zenith Graphics Services has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €306,734 and a net result of €144,958. Equity remains stable across the filed fiscal years (±1.7% per year). Its solvency ranks better than 66% of 10519 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability100=
Solvency78▲+13
Growth58=
Track record100
Bankruptcy probability, 12 months
1.0% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €24,000 at 30 days acceptable
Liquidity ample (current ratio 2.05 against 1.66 in 2024; short-term debt: 47% and cash: 42% of total assets), and 47.4% of the assets are financed with debt.
Credit check for your own amount and term

Show the recommended maximum : and see how the verdict changes with amount, term and advance.

Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← 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 2025
Solvency, return and age of the figures
Solvency
52.6%
Return on assets
24.9%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 15 years 0 20 y
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 11-06-2026, 50 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
50 d early
2024
50 d early
2023
41 d early
2022
54 d early
2021
27 d early
2020
46 d early
2019
32 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 43 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.

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. Usually files around 11 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

Zenith Graphics Services was incorporated on 7 June 2011.1 Total assets fell from EUR 1.2 million in 2018 to EUR 583,321 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2025

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Financials · fiscal year 2025, abbreviated schema

Equity
€306,734▲ 1.6%
2024 · €301,776
Total assets
€583,321▼ 22.4%
2024 · €752,025
Net result
€144,958▼ 42.8%
2024 · €253,497
Working capital
€287,903▼ 3.1%
2024 · €297,215
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Operating result€295,928▲ 27.3%€283,392▼ 4.2%€314,564▲ 11.0%€306,277▼ 2.6%€182,211▼ 40.5%
Net result€245,288above the sector's middle half▲ 24.8%€252,430above the sector's middle half▲ 2.9%€257,886above the sector's middle half▲ 2.2%€253,497above the sector's middle half▼ 1.7%€144,958above the sector's middle half▼ 42.8%
Equity€278,713within the sector's middle half▲ 0.2%€289,537within the sector's middle half▲ 3.9%€299,728within the sector's middle half▲ 3.5%€301,776within the sector's middle half▲ 0.7%€306,734within the sector's middle half▲ 1.6%
Total assets€618,039within the sector's middle half▲ 3.3%€674,647within the sector's middle half▲ 9.2%€704,686within the sector's middle half▲ 4.5%€752,025within the sector's middle half▲ 6.7%€583,321within the sector's middle half▼ 22.4%
Debt€339,326▲ 6.0%€385,110▲ 13.5%€404,958▲ 5.2%€450,249▲ 11.2%€276,587▼ 38.6%
Working capital€271,867within the sector's middle half▲ 0.5%€284,989within the sector's middle half▲ 4.8%€297,845within the sector's middle half▲ 4.5%€297,215within the sector's middle half▼ 0.2%€287,903within the sector's middle half▼ 3.1%
Solvency45.1%within the sector's middle half▼ 1.4pp42.9%within the sector's middle half▼ 2.2pp42.5%within the sector's middle half▼ 0.4pp40.1%within the sector's middle half▼ 2.4pp52.6%within the sector's middle half▲ 12.5pp
Current ratio1.81within the sector's middle half▼ 0.051.74within the sector's middle half▼ 0.061.74within the sector's middle half=1.66within the sector's middle half▼ 0.082.05within the sector's middle half▲ 0.39
Return on assets (ROA)39.7%above the sector's middle half▲ 6.8pp37.4%above the sector's middle half▼ 2.3pp36.6%above the sector's middle half▼ 0.8pp33.7%above the sector's middle half▼ 2.9pp24.9%above the sector's middle half▼ 8.9pp
Staff (FTE)0.2below the sector's middle half
above within below the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
€0€100,000€200,000€300,000Operating result 2021: €295,928€295,928Net result 2021: €245,288€245,288Operating result 2022: €283,392€283,392Net result 2022: €252,430€252,430Operating result 2023: €314,564€314,564Net result 2023: €257,886€257,886Operating result 2024: €306,277€306,277Net result 2024: €253,497€253,497Operating result 2025: €182,211€182,211Net result 2025: €144,958€144,95820212022202320242025€0€100,000€200,000€300,000Operating result 2023: €314,564€315,000Net result 2023: €257,886€258,000Operating result 2024: €306,277€306,000Net result 2024: €253,497€253,000Operating result 2025: €182,211€182,000Net result 2025: €144,958€145,000202320242025
The operating result has fallen two years in a row; 2025 is 41% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €583,321
Fixed assets €20,983 ▲ 246%
Current assets €562,337 ▼ 24.6%
Equity and liabilities €583,321
Equity €306,734 ▲ 1.6%
Debt €276,587 ▼ 38.6%
Debt's share of the balance-sheet total falls from 59.9% to 47.4%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€185,851▼
2024 · €308,861
Cash flow
€148,599▼
2024 · €256,082
Quick ratio
1.96▲
2024 · 1.61
Debt to equity
0.90▼
2024 · 1.49
ROE
47.3%▼
2024 · 84.0%
Interest coverage
334.05▼
2024 · 681.93
Debt ≤ 1 year
€274,434▼
2024 · €448,749
Income taxes
€45,401▼
2024 · €60,578
Staff costs
€2,060
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 34,679 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.

  • Micro
  • 10 to 20 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.6% went bankrupt
3.8% stopped otherwise
95% still going

A further 0.2% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 1.0% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.7%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 34,679 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 48 lines
Balance sheet Code20242025
Assets
Total assets20/58€752,025€583,321▼
Fixed assets21/28€6,061€20,983▲
Intangible fixed assets21€6,061-
Tangible fixed assets22/27-€20,983
Furniture and vehicles24-€20,983
Current assets29/58€745,964€562,337▼
Stocks and contracts in progress3€24,800€24,621▼
Stocks30/36€24,800€24,621▼
Amounts receivable within one year40/41€274,580€277,517▲
Trade receivables40€254,551€273,169▲
Other amounts receivable41€20,029€4,348▼
Cash at bank and in hand54/58€446,584€245,200▼
Deferred charges and accrued income490/1-€15,000
Equity and liabilities
Total equity and liabilities10/49€752,025€583,321▼
Equity10/15€301,776€306,734▲
Contributions10/11€12,400€12,400=
Reserves13€289,376€294,334▲
Distributable reserves133€289,376€294,334▲
Profit (loss) carried forward14-€0
Amounts payable17/49€450,249€276,587▼
Amounts payable within one year42/48€448,749€274,434▼
Trade debts44€140,100€108,442▼
Suppliers440/4€140,100€108,442▼
Advances received on contracts in progress46€8,106€21,596▲
Taxes, remuneration and social security45€47,402€2,500▼
Taxes450/3€47,402€2,500▼
Other amounts payable47/48€253,141€141,896▼
Accrued charges and deferred income492/3€1,500€2,153▲
Income statement Code20242025
Remuneration, social security and pensions62-€2,060
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,584€3,641▲
Other operating charges640/8€387€411▲
Gross operating margin9900€309,248€188,322▼
Operating profit (loss)9901€306,277€182,211▼
Financial income75/76B€8,252€8,705▲
Recurring financial income75€8,252€8,705▲
Financial charges65/66B€453€556▲
Recurring financial charges65€453€556▲
Profit (loss) for the period before taxes9903€314,075€190,359▼
Income taxes67/77€60,578€45,401▼
Profit (loss) for the period9904€253,497€144,958▼
Profit (loss) for the period to be appropriated9905€253,497€144,958▼
Appropriation of the result
Profit (loss) to be appropriated9906€253,497€144,958▼
Transfer to equity691/2€2,047€4,958▲
To other reserves6921€2,047€4,958▲
Profit to be distributed694/7€251,450€140,000▼
Return on contributions (dividend)694€170,000€140,000▼
Directors or managers695€81,450€0▼
Social balance
Average headcount (FTE)9087-0.2

The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Remuneration, social security and pensions62----€2,060-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,014€2,587€2,280€2,584€3,641▲ 40.9%
Other operating charges640/8€348€348€498€387€411▲ 6.2%
Gross operating margin9900€298,289€286,326€317,342€309,248€188,322▼ 39.1%
Operating profit (loss)9901€295,928€283,392€314,564€306,277€182,211▼ 40.5%
Financial income75/76B€1,934€8,501€708€8,252€8,705▲ 5.5%
Recurring financial income75€1,934€8,501€708€8,252€8,705▲ 5.5%
Financial charges65/66B€527€693€492€453€556▲ 22.8%
Recurring financial charges65€527€693€492€453€556▲ 22.8%
Profit (loss) for the period before taxes9903€297,335€291,199€314,779€314,075€190,359▼ 39.4%
Income taxes67/77€52,047€38,769€56,893€60,578€45,401▼ 25.1%
Profit (loss) for the period9904€245,288€252,430€257,886€253,497€144,958▼ 42.8%
Profit (loss) for the period to be appropriated9905€245,288€252,430€257,886€253,497€144,958▼ 42.8%
Line20212022202320242025Change
Assets
Total assets20/58€618,039€674,647€704,686€752,025€583,321▼ 22.4%
Fixed assets21/28€8,830€6,243€3,963€6,061€20,983▲ 246%
Intangible fixed assets21€8,524€6,243€3,963€6,061--
Tangible fixed assets22/27€306---€20,983-
Furniture and vehicles24----€20,983-
Other tangible fixed assets26€306-----
Current assets29/58€609,209€668,404€700,724€745,964€562,337▼ 24.6%
Stocks and contracts in progress3€14,365€14,713€20,957€24,800€24,621▼ 0.7%
Stocks30/36€14,365€14,713€20,957€24,800€24,621▼ 0.7%
Amounts receivable within one year40/41€163,535€227,768€133,956€274,580€277,517▲ 1.1%
Trade receivables40€162,541€221,528€113,926€254,551€273,169▲ 7.3%
Other amounts receivable41€994€6,240€20,029€20,029€4,348▼ 78.3%
Cash at bank and in hand54/58€401,309€425,923€545,811€446,584€245,200▼ 45.1%
Deferred charges and accrued income490/1€30,000---€15,000-
Equity and liabilities
Total equity and liabilities10/49€618,039€674,647€704,686€752,025€583,321▼ 22.4%
Equity10/15€278,713€289,537€299,728€301,776€306,734▲ 1.6%
Contributions10/11€12,400€12,400€12,400€12,400€12,400=
Reserves13€266,313€277,137€287,328€289,376€294,334▲ 1.7%
Non-distributable reserves130/1€1,860€1,860----
Reserves not available under the articles1311€1,860€1,860----
Distributable reserves133€264,453€275,277€287,328€289,376€294,334▲ 1.7%
Profit (loss) carried forward14----€0-
Amounts payable17/49€339,326€385,110€404,958€450,249€276,587▼ 38.6%
Amounts payable within one year42/48€337,341€383,415€402,879€448,749€274,434▼ 38.8%
Financial debts43€9,167-----
Credit institutions430/8€9,167-----
Trade debts44€48,116€79,260€128,511€140,100€108,442▼ 22.6%
Suppliers440/4€48,116€79,260€128,511€140,100€108,442▼ 22.6%
Advances received on contracts in progress46-€946€2,073€8,106€21,596▲ 166%
Taxes, remuneration and social security45€33,306€58,158€22,703€47,402€2,500▼ 94.7%
Taxes450/3€33,306€58,158€22,703€47,402€2,500▼ 94.7%
Other amounts payable47/48€246,753€245,052€249,591€253,141€141,896▼ 43.9%
Accrued charges and deferred income492/3€1,985€1,695€2,079€1,500€2,153▲ 43.5%
Line20212022202320242025Change
Profit (loss) for the period9904€245,288€252,430€257,886€253,497€144,958▼ 42.8%
+ Depreciation and write-downs630€2,014€2,587€2,280€2,584€3,641▲ 40.9%
Operating cash flow (approximation)€247,302€255,017€260,167€256,082€148,599▼ 42.0%
Investment in fixed assets (approximation)-€0€0-€4,683-€18,563▼ 296%
Change in cash-€24,614€119,888-€99,228-€201,384▼ 103%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
11-06
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
11-06
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
20-06
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial Highest result since 2018net €257,886 ▲2.2%
Operating result €314,564, net result €257,886, both a record.
07-06
NBB filing Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
04-07
NBB filing Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
15-06
NBB filing Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
29-06
NBB filing Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
25-07
NBB filing Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
06-07
NBB filing Annual accounts filed
fiscal year 2017 · abbreviated schema
11-01
NBB filing Annual accounts filed
fiscal year 2017 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts

We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
6 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, Sint-Agatha-Berchem · 1 establishment unit since 2011
seat establishment The establishment unit on the map
Ground area
1,264 m²
Building footprint
1,097 m²
Volume, LiDAR
6,702 m³
Parcel 21003A0223/00A002, Brussels · tallest building 9.7 m, ±2 floors. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 establishment unit
LPO
Potaardestraat 42, 1082 Sint-Agatha-BerchemIntermediation services for non-specialised retail
since 20112.202.536.042
1 parcel
Brussels 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21003A0223/00A002 Brussels 1,264 m² 1 · 1,097 m² 9.7 m · 2 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.

Structure & network

Owners and holdings

1 owner

Chain of control

  1. Zenith Graphics Group 100%
  2. Zenith Graphics Services

Highest known parent: Zenith Graphics Group. The sources do not say who stands above it.

Owners 1

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Similar companies · same sector, comparable size

Of 12,955 companies in sector 47120 we hold annual accounts for 2,193. 1,265 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
Founded07-06-2011
Fiscal year end31-12
Activities, NACEBEL 2025
47120Other non-specialised retail sale
47820Retail sale of motor vehicle parts and accessories
63920Other information service activities
70200Business and other management consultancy
73300Public relations and communication consultancy
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID 0208:0836794848
Registered 28-08-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.