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ZENNA FORME

Active
Private limited companyfounded 200224 yrs activeVeldstraat 71, 1040 Etterbeek, BelgiumKBO/BCE: BE 0476.990.867
Summary

The computed 12-month bankruptcy probability of ZENNA FORME is 1.8% (moderate). The 2024 annual accounts show negative equity (-€5,832) and a net result of €10,226. Equity is growing by ~26.8% per year across the filed fiscal years. Its solvency ranks better than 21% of 3024 sector peers (fiscal year 2024). The company has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals.

Risk analysisWatch ReportCompare
ZENNA FORMEActiveChecked score 56/100
Risk analysis ReportCompare

Overview

Activity
Operation of sports facilities
NACE 93110NACE 92611
1 site
Size
€40,524total assets 2024
Equity
-€5,832
Profit
€10,226
Financial health
56 Fair Checked score 2024
Bankruptcy chance 12 m
1.8%
Structure
Accounts 66 d overdue0 of 4 deeds read
Why 56- 1 change of registered office in 24 months- 1 financial year not filed after the legal deadline; latest accounts 98 days late; 3 of the last 3 late+ Sector Sports, amusement and recreation activities (NACE 93)+ Liquidity: current ratio 0.90, cash €38,990Show the evidence

Checked score

Score 2024
56 / 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 62% of its sector peers (NACE 93, micro)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2023
Average
Solvency 11+11
equity -14.4% of total assets
Liquidity 50=
short-term debt 107.0% · cash 96.2%
Profitability 100=
return on assets 25.2%
Bankruptcy probability, 12 months
1.8% Moderate
0%0.5%1.5%4%10%≥ 25%

About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (4,256 companies)
Last 24 months 11-2024: 0.6%lowest value 12-2024: 0.6%● 0.0% vs 11-2024lowest value 01-2025: 1.3%▲ +119% vs 12-2024 02-2025: 1.3%● 0.0% vs 01-2025 03-2025: 1.3%▼ -3.4% vs 02-2025 04-2025: 1.3%● 0.0% vs 03-2025 05-2025: 1.2%▼ -6.2% vs 04-2025 06-2025: 1.1%▼ -3.4% vs 05-2025 07-2025: 1.2%▲ +4.0% vs 06-2025 08-2025: 1.3%▲ +11.9% vs 07-2025 09-2025: 1.5%▲ +10.2% vs 08-2025 10-2025: 1.6%▲ +8.1% vs 09-2025 11-2025: 1.7%▲ +4.2% vs 10-2025 12-2025: 1.6%▼ -5.4% vs 11-2025 01-2026: 1.4%▼ -11.2% vs 12-2025 02-2026: 1.4%● 0.0% vs 01-2026 03-2026: 1.4%▲ +1.5% vs 02-2026 04-2026: 1.3%▼ -4.7% vs 03-2026 05-2026: 1.2%▼ -7.4% vs 04-2026 06-2026: 1.2%▼ -1.0% vs 05-2026 07-2026: 1.3%▲ +8.1% vs 06-2026 08-2026: 1.5%▲ +11.9% vs 07-2026 09-2026: 1.6%▲ +8.1% vs 08-2026 10-2026: 1.8%▲ +12.6% vs 09-2026highest value
  • 1 change of registered office in 24 months raises the probability
  • 1 financial year not filed after the legal deadline; latest accounts 98 days late; 3 of the last 3 late raises the probability
  • Sector Sports, amusement and recreation activities (NACE 93) lowers the probability
  • Liquidity: current ratio 0.90, cash €38,990 lowers the probability
No credit on open account
Liquidity short (current ratio 0.9 against 0.77 in 2023; short-term debt: 107% and cash: 96.2% of total assets), and equity is negative.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 93, micro). Better than this share of them on solvency 20%, liquidity 49%, profitability 94%, growth against the median 86%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 04-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
raises risk · 1 change of registered office in 24 months
In the bankruptcy model this factor raises the probability.
Belgian State Gazette
raises risk · 1 financial year not filed after the legal deadline; latest accounts 98 days late; 3 of the last 3 late
In the bankruptcy model this factor raises the probability.
NBB · filings
lowers risk · Sector Sports, amusement and recreation activities (NACE 93)
In the bankruptcy model this factor lowers the probability.
KBO
lowers risk · Liquidity: current ratio 0.90, cash €38,990
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 3024 sector peers (2024).
NBB · sector comparison
Position among 3024 sector peers
Solvency
better than 21%
← weakest strongest →
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 06-11-2025, 98 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
98 d late
2023
63 d late
2022
91 d late
2021
102 d late
2020
88 d late
2019
90 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 89 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.

Checked, nothing found (1)
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
  1. Annual accounts filedfiscal year 2024 · micro…
  2. Annual accounts filedfiscal year 2023 · full…
  3. Annual accounts filedfiscal year 2022 · full…

Key points

  • Risk: Negative equityfiscal year 2024: debts exceed assets -€5,832 View
  • Caution: Accounts not fileddeadline was 31-07-2026 66 d late View
  • Positive: 6 profitable years in a rowprofit 2024: €10,226 6 years View

By topic

Financials

Fiscal year
2024
Total assets
€40,524
Profit
€10,226
Solvency
-14.4%
Go to Financials

Timeline

Events
11
Since
2016
  1. 06-11-2025Annual accounts filed
  2. 02-10-2024Annual accounts filed
  3. 30-10-2023Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Operation of sports facilitiesNACE 93110
Founded
05-03-2002
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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