ZENNE CONSTRUCT
ActiveSummary
ZENNE CONSTRUCT has been active since 2015 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €578,915 and a net result of -€10,945. Equity grew by about 3.8% per year on average since 2018. In 2025 it fell by 1.9%. Its solvency ranks better than 40% of 17,162 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 22-09-2015 Normal situation
- Activity
- Renting and operating of own or leased residential real estate, excluding social housing NACE 68201and 3 others
- Establishment unit
- 2.260.179.776 1500 Halle, since 22-09-2015
- Financial year end
- 31 December
- Peppol
- Reachable since 21-12-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- < 0.1%
- Gross margin
- -€10,736
- ▲ 4.3%
- Loss
- €10,945
- ▲ 551%
- Equity
- €578,915
- ▼ 1.9%
- Total assets
- €3.4m
- ▲ 68.5%
Score breakdownraises riskLiquidity: current ratio 1.22, cash €85,814lowers riskSize: total assets €3.4mFigures for financial year 2025 (filed on 06-07-2026)Sector: Real estate activities (NACE 68)Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 68, small). It does better than 37% of them on solvency, 9% on liquidity, 32% on profitability and 35% on growth.
The bankruptcy probability was computed on 04-11-2026 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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 20 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 06-07-2026 at the NBB all 10 filings
Every figure per financial year
The operating result for 2025 is a loss of €10,736, smaller than the loss of €11,224 in 2024.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €274,323 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €29,585 | €19,777 | - | - | - | - | - |
| Other operating charges640/8 | - | - | - | €10,390 | €2,514 | - | - | - | - |
| Gross operating margin9900 | €449,222 | -€2,760 | €26,597 | €47,512 | €262,104 | -€6,772 | -€11,224 | -€10,736 | ▲ 4.3% |
| Operating profit (loss)9901 | €449,213 | -€2,760 | -€8,180 | €17,345 | €259,590 | -€6,772 | -€11,224 | -€10,736 | ▲ 4.3% |
| Financial income75/76B | - | - | - | - | - | - | €10,239 | €1,034 | ▼ 89.9% |
| Recurring financial income75 | - | - | €0 | - | - | - | €10,239 | €1,034 | ▼ 89.9% |
| Financial charges65/66B | - | - | - | €17,914 | €6,560 | €1,417 | €697 | €1,244 | ▲ 78.3% |
| Recurring financial charges65 | €1,521 | €392 | €11,625 | €17,914 | €6,560 | €1,417 | €697 | €1,244 | ▲ 78.3% |
| Profit (loss) for the period before taxes9903 | €447,692 | -€3,153 | -€19,805 | -€569 | €253,029 | -€8,189 | -€1,682 | -€10,945 | ▼ 551% |
| Income taxes67/77 | €151,343 | - | - | - | €74,943 | - | - | - | - |
| Profit (loss) for the period9904 | €296,348 | -€3,153 | -€19,805 | -€569 | €178,086 | -€8,189 | -€1,682 | -€10,945 | ▼ 551% |
| Profit (loss) for the period to be appropriated9905 | €296,348 | -€3,153 | -€19,805 | -€569 | €178,086 | -€8,189 | -€1,682 | -€10,945 | ▼ 551% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €0.6m | €0.4m | €1.2m | €1.2m | €0.7m | €0.8m | €2.0m | €3.4m | ▲ 68.5% |
| Fixed assets21/28 | - | - | €1.0m | €1.0m | - | - | - | - | - |
| Tangible fixed assets22/27 | - | - | €1.0m | €1.0m | - | - | - | - | - |
| Land and buildings22 | - | - | - | €1.0m | - | - | - | - | - |
| Current assets29/58 | €0.6m | €0.4m | €0.2m | €0.2m | €0.7m | €0.8m | €2.0m | €3.4m | ▲ 68.5% |
| Stocks and contracts in progress3 | €0.02m | €0.02m | €0.02m | - | €0.5m | €0.7m | €1.9m | €2.9m | ▲ 52.5% |
| Stocks30/36 | - | - | - | - | €0.5m | €0.7m | €1.9m | €2.9m | ▲ 52.5% |
| Amounts receivable within one year40/41 | €0.001m | €0.001m | €361 | - | €0.001m | €0.02m | €0.07m | €0.4m | ▲ 455% |
| Other amounts receivable41 | - | - | - | - | €0.001m | €0.02m | €0.07m | €0.4m | ▲ 455% |
| Cash at bank and in hand54/58 | €0.6m | €0.3m | €0.2m | €0.2m | €0.1m | €0.09m | €0.02m | €0.09m | ▲ 356% |
| Deferred charges and accrued income490/1 | - | - | - | - | - | - | €0.009m | €0.005m | ▼ 35.8% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €0.6m | €0.4m | €1.2m | €1.2m | €0.7m | €0.8m | €2.0m | €3.4m | ▲ 68.5% |
| Equity10/15 | €0.4m | €0.4m | €0.4m | €0.4m | €0.6m | €0.6m | €0.6m | €0.6m | ▼ 1.9% |
| Contributions10/11 | €0.2m | €0.2m | - | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Reserves13 | €0.3m | €0.3m | €0.3m | €0.3m | €0.4m | €0.4m | €0.4m | €0.4m | = |
| Non-distributable reserves130/1 | - | - | - | €0.02m | €0.02m | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €0.02m | €0.02m | - | - | - | - |
| Distributable reserves133 | - | - | - | €0.3m | €0.4m | €0.4m | €0.4m | €0.4m | = |
| Profit (loss) carried forward14 | - | - | -€0.02m | -€0.02m | - | -€0.008m | -€0.01m | -€0.02m | ▼ 111% |
| Amounts payable17/49 | €0.2m | €0.001m | €0.8m | €0.8m | €0.07m | €0.2m | €1.4m | €2.8m | ▲ 98.1% |
| Amounts payable after more than one year17 | - | - | €0.8m | €0.8m | - | - | - | - | - |
| Financial debts170/4 | - | - | - | €0.8m | - | - | - | - | - |
| Amounts payable within one year42/48 | €0.2m | €0.001m | €71 | €0.004m | €0.07m | €0.2m | €1.4m | €2.7m | ▲ 99.6% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.003m | - | - | - | - | - |
| Financial debts43 | - | - | - | - | €0.06m | - | - | - | - |
| Other loans439 | - | - | - | - | €0.06m | - | - | - | - |
| Trade debts44 | €0.002m | €0.001m | €66 | €0.001m | - | €0.002m | €0.002m | €0.006m | ▲ 272% |
| Suppliers440/4 | - | - | - | €0.001m | - | €0.002m | €0.002m | €0.006m | ▲ 272% |
| Advances received on contracts in progress46 | - | - | - | - | - | - | - | €1.6m | - |
| Taxes, remuneration and social security45 | - | - | - | €42 | €0.02m | €0.02m | - | €0.1m | - |
| Taxes450/3 | - | - | - | €42 | €0.02m | €0.02m | - | €0.1m | - |
| Other amounts payable47/48 | - | - | - | €5 | €5 | €0.2m | €1.4m | €1.0m | ▼ 30.2% |
| Accrued charges and deferred income492/3 | - | - | - | - | - | - | €0.03m | €0.03m | ▲ 23.3% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €296,348 | -€3,153 | -€19,805 | -€569 | €178,086 | -€8,189 | -€1,682 | -€10,945 | ▼ 551% |
| + Depreciation and write-downs630 | - | - | €29,585 | €19,777 | - | - | - | - | - |
| Operating cash flow (approximation) | €296,348 | -€3,153 | €9,780 | €19,208 | €178,086 | -€8,189 | -€1,682 | -€10,945 | ▼ 551% |
| Investment in fixed assets (approximation) | - | - | - | €0 | - | - | - | - | - |
| Change in cash | - | -€258,247 | -€158,115 | €38,651 | -€61,052 | -€54,993 | -€69,842 | €67,011 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 1,423 companies had the same profile as ZENNE CONSTRUCT has now. Two years later, 96.5% were still going and 1.0% had gone bankrupt.
- Small
- 10 to 20 years old
- solvency 10 to 30%
- a small loss
Another 0.4% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of ZENNE CONSTRUCT itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 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 1,423 companies, not a prediction for ZENNE CONSTRUCT. 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.
Filings with the National Bank (10)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 06-07-2026 | 2026-00255553 | |
| 31-12-2024 | micro format | 04-07-2025 | 2025-00231521 | |
| 31-12-2023 | micro format | 28-06-2024 | 2024-00174140 | |
| 31-12-2022 | micro format | 14-07-2023 | 2023-00236088 | |
| 31-12-2021 | micro format | 20-07-2022 | 2022-20202313 | |
| 31-12-2020 | abbreviated format | 19-07-2021 | 2021-37400388 | |
| 31-12-2019 | abbreviated format | 13-07-2020 | 2020-29500205 | |
| 31-12-2018 | abbreviated format | 25-06-2019 | 2019-23200588 | |
| 31-12-2017 | abbreviated format | 18-07-2018 | 2018-34700357 | |
| 31-12-2016 | abbreviated format | 19-07-2017 | 2017-34100001 |
Board & ownership
Directors
Owners and capital
Capital transactions
- 02-10-2023 Converted to unavailable equity
Mandate history
- Board
- mandate already running before its first mention
| Name | Functions and periods |
|---|---|
| Romain De Muer |
|
| LECOCQ Ghislain |
|
Articles of association
- Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
- “Mutatis mutandis rechthebbenden maken hoedanigheid erfgenaam of legataris kenbaar binnen 4 maanden na overlijden betekeningen door elke…”
- Liquidation ruleIn a liquidation the creditors are paid first. What is left goes to the shareholders.
- “Bevoegdheden en vergoeding bepalen, indien geen andere vereffenaar benoemd”
Articles of association, deed of 02-10-2023 (in Dutch)
Network & group
ZENNE CONSTRUCT shares no director with another company.
Companies at the same address
8 other companies- Trinity Content Marketing Establishment · since 05-09-2025Founded in 2025 · total assets €61,271 (2025) 1027.302.155
- DELE Invest Registered office · since 09-03-2023Founded in 2023 0799.341.366
- LOUIS XIV ENTERTAINMENT & CONSULTING Registered office · since 23-03-2011Founded in 2011 · total assets €318,352 (2025) · negative equity 0834.749.831
- KDK CONSULT Registered office · since 21-12-2009Founded in 2009 · total assets €288,915 (2025) 0821.612.665
- PRO-SIGMA CONSULTING Registered office · since 06-08-2007Founded in 2007 · total assets €585,085 (2025) 0891.030.122
- ARCHITEKTENBURO AROS Registered office · since 01-02-2007Founded in 2007 · total assets €223,507 (2025) 0886.880.205
- Novacatering Registered office · since 07-11-2000Founded in 2000 · total assets €166,498 (2025) 0473.007.929
- Vatel Events & Entertainment Registered office · since 17-02-1989Founded in 1988 · total assets €202,131 (2024) 0436.128.133
Connections & network
2 current directorsThe network starts from the directors of ZENNE CONSTRUCT. Every other company they run is a node.
Timeline
Deeds, filings and financial milestones
06-09
Gazette deed
Appointment: Romain De Muer (director)2 points ▸
- General meeting, 18-07-2024
- Director appointment, Romain De Muer
02-10
Gazette deed
Resignation: LECOCQ Ghislain (director)Appointment: LECOCQ Ghislain (director) · Director discharge: LECOCQ Ghislain (ontslagnemende bestuurder (ex zaakvoerder))6 points ▸
- General meeting, 11-07-2023
- Power of attorney, Melissa Vyvey
- Director resignation, LECOCQ Ghislain
- Director appointment, LECOCQ Ghislain (director (not named in the articles))
- Director discharge, LECOCQ Ghislain (ontslagnemende bestuurder (ex zaakvoerder))
- Registered office clause, 1500 Halle Scheepswerfkaai 1/bus 2.2
- The deed holds 7 more points.
05-04
Gazette deed
Resignation: Romain De Muer (director)Director discharge: Romain De Muer3 points ▸
- General meeting, 13-03-2023
- Director resignation, Romain De Muer
- Director discharge, Romain De Muer
Show earlier events
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
9 activities
- Aankoop, verkoop, ruil van onroerende goederen, creatie of afstand van onroerende zakelijke rechten, in verhuur stelling en/of in verhuurneming van alle onroerende goederen en onroerende zakelijke rechten;
- De constructie, renovatie, transformatie of afbraak van een onroerend goed;
- Alle financiële, commerciële, promotionele of juridische inrichtingen die betrekking hebben op de onroerende goederen en de zakelijke rechten.
- Bijgevolg kan zij alle al dan niet gebouwde goederen kopen en verkopen, alle zakelijke of persoonlijke rechten in verband met deze goederen verlenen of aanvaarden, deze goederen verdelen in loten, promotieverrichtingen uitvoeren, ieder advies verstrekken en iedere technische bijstand verlenen inzake onroerende goederen.
- De aankoop, administratie, verkoop van alle roerende en onroerende waarden, van alle sociale rechten, van alle participaties in Belgische of buitenlandse vennootschappen en in meer algemene zin alle beheersdaden van effecten, alsmede bemiddeling en adviesverlening betreffende terugkoop van titels van ondernemingen;
- De ondersteuning, de promotie, de aankoop en het participeren bij wege van inbreng in natura of bij wege van inbreng in geld, de fusies, de intekeningen, en elke financiële of andere tussenkomst, in alle ondernemingen of instellingen met een financiële, commerciële of industriële aard.
- De vennootschap kan zowel tot waarborg van eigen verbintenissen als tot waarborg van verbintenissen van derden borg stellen, onder meer door haar goederen in hypotheek of in pand te geven, inclusief de eigen handelszaak.
- De vennootschap kan optreden als bestuurders, volmachtdrager, mandataris of vereffenaar in andere vennootschappen of ondernemingen.
- De vennootschap kan, in de breedste zin van het woord, alle burgerlijke, commerciële, industriële, financiële of andere handelingen stellen die rechtstreeks of onrechtstreeks verband houden met haar voorwerp of die de verwezenlijking ervan in de hand kunnen werken, en zij kan zich in dit verband op allerlei wijzen interesseren voor alle ondernemingen of vennootschappen.
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0637.975.037
Financial year and general meeting
Accounts at the NBBEnvironmental permits
Source: Omgevingsloket Vlaanderen.
Sites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 23027G0346/00B003 | Flanders | 2,850 m² | 1 · 1,690 m² | 14.7 m · 3 |