ZENNEA
ActiveSummary
ZENNEA has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €190,958 and a net result of €33,886. Equity is growing by ~5.8% per year across the filed fiscal years. Its solvency ranks better than 81% of 7097 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability87▼-4
Solvency100=
Growth70=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €16,000 at 30 days acceptable
Liquidity ample (current ratio 6.11 against 5.02 in 2024; short-term debt: 16% and cash: 93.5% of total assets), and 16% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
84%
Return on assets
14.9%
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 dateAge against the risk zone
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 03-07-2026, 28 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
28 d early
2024
37 d early
2023
56 d early
2022
33 d early
2021
38 d early
2020
50 d early
2019
36 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 40 days before the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 36% 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.
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€0▼ 100%
2021 · €132,298
EBIT margin
38.0%▲ 16.3pp
2020 · 21.7%
Net result
€33,886▼ 12.1%
2024 · €38,533
Working capital
€186,179▲ 9.7%
2024 · €169,661
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations activities, 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
Turnover€132,298▲ 4.4%€0
Operating result€50,252▲ 82.6%€55,361▲ 10.2%€34,148▼ 38.3%€53,684▲ 57.2%€46,928▼ 12.6%
Net result€35,399within the sector's middle half▲ 89.8%€39,280within the sector's middle half▲ 11.0%€24,292within the sector's middle half▼ 38.2%€38,533within the sector's middle half▲ 58.6%€33,886within the sector's middle half▼ 12.1%
EBIT margin38.0%▲ 16.3pp
Equity€138,968within the sector's middle half▲ 12.5%€159,247within the sector's middle half▲ 14.6%€164,039within the sector's middle half▲ 3.0%€175,573above the sector's middle half▲ 7.0%€190,958above the sector's middle half▲ 8.8%
Total assets€171,349below the sector's middle half▼ 2.3%€192,724within the sector's middle half▲ 12.5%€190,054within the sector's middle half▼ 1.4%€217,769within the sector's middle half▲ 14.6%€227,408within the sector's middle half▲ 4.4%
Debt€32,381▼ 37.5%€33,476▲ 3.4%€26,015▼ 22.3%€42,197▲ 62.2%€36,450▼ 13.6%
Working capital€137,745within the sector's middle half▲ 11.5%€153,675above the sector's middle half▲ 11.6%€160,009above the sector's middle half▲ 4.1%€169,661above the sector's middle half▲ 6.0%€186,179above the sector's middle half▲ 9.7%
Solvency81.1%above the sector's middle half▲ 10.6pp82.6%above the sector's middle half▲ 1.5pp86.3%above the sector's middle half▲ 3.7pp80.6%above the sector's middle half▼ 5.7pp84.0%above the sector's middle half▲ 3.3pp
Current ratio5.25above the sector's middle half▲ 1.875.59above the sector's middle half▲ 0.347.15above the sector's middle half▲ 1.565.02above the sector's middle half▼ 2.136.11above the sector's middle half▲ 1.09
Return on assets (ROA)20.7%above the sector's middle half▲ 10.0pp20.4%within the sector's middle half▼ 0.3pp12.8%within the sector's middle half▼ 7.6pp17.7%within the sector's middle half▲ 4.9pp14.9%within the sector's middle half▼ 2.8pp
above
within
below
the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 13% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €227,408
Fixed assets
€4,779 ▼ 19.2%
Current assets
€222,629 ▲ 5.1%
Equity and liabilities €227,408
Equity
€190,958 ▲ 8.8%
Debt
€36,450 ▼ 13.6%
Debt's share of the balance-sheet total falls from 19.4% to 16.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€49,341▼
2024 · €55,482
Cash flow
€36,299▼
2024 · €40,332
Debt to equity
0.19▼
2024 · 0.24
ROE
17.7%▼
2024 · 21.9%
Interest coverage
259.21▼
2024 · 338.91
Debt ≤ 1 year
€36,450▼
2024 · €42,197
Income taxes
€14,233▼
2024 · €15,745
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf 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 bankruptcy probability of 0.8% over twelve months; the group does not contradict it.
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%.
| 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €132,298 | - | - | - | €0 | - |
| Goods, raw materials, services and sundry goods60/61 | €85,541 | - | - | - | €0 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €38 | €1,379 | €1,542 | €1,799 | €2,413 | ▲ 34.2% |
| Other operating charges640/8 | €534 | €1,250 | €699 | €740 | €766 | ▲ 3.6% |
| Gross operating margin9900 | €50,824 | €57,990 | €36,389 | €56,222 | €50,108 | ▼ 10.9% |
| Operating profit (loss)9901 | €50,252 | €55,361 | €34,148 | €53,684 | €46,928 | ▼ 12.6% |
| Financial income75/76B | €26 | €1 | €139 | €758 | €1,381 | ▲ 82.2% |
| Recurring financial income75 | €26 | €1 | €139 | €758 | €1,381 | ▲ 82.2% |
| Financial charges65/66B | €164 | €88 | €151 | €164 | €190 | ▲ 16.3% |
| Recurring financial charges65 | €164 | €88 | €151 | €164 | €190 | ▲ 16.3% |
| Profit (loss) for the period before taxes9903 | €50,114 | €55,274 | €34,136 | €54,278 | €48,119 | ▼ 11.3% |
| Income taxes67/77 | €14,716 | €15,994 | €9,844 | €15,745 | €14,233 | ▼ 9.6% |
| Profit (loss) for the period9904 | €35,399 | €39,280 | €24,292 | €38,533 | €33,886 | ▼ 12.1% |
| Profit (loss) for the period to be appropriated9905 | €35,399 | €39,280 | €24,292 | €38,533 | €33,886 | ▼ 12.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €171,349 | €192,724 | €190,054 | €217,769 | €227,408 | ▲ 4.4% |
| Formation expenses20 | €0 | €0 | €0 | €0 | €0 | - |
| Fixed assets21/28 | €1,223 | €5,572 | €4,030 | €5,912 | €4,779 | ▼ 19.2% |
| Tangible fixed assets22/27 | €1,150 | €5,500 | €3,958 | €5,840 | €4,707 | ▼ 19.4% |
| Furniture and vehicles24 | €1,150 | €5,500 | €3,958 | €5,840 | €4,707 | ▼ 19.4% |
| Financial fixed assets28 | €72 | €72 | €72 | €72 | €72 | = |
| Current assets29/58 | €170,126 | €187,152 | €186,023 | €211,857 | €222,629 | ▲ 5.1% |
| Amounts receivable within one year40/41 | €11,786 | €10,249 | €15,330 | €24,504 | €4,429 | ▼ 81.9% |
| Trade receivables40 | €11,403 | €10,249 | €14,931 | €24,432 | €4,246 | ▼ 82.6% |
| Other amounts receivable41 | €383 | €0 | €399 | €72 | €183 | ▲ 153% |
| Cash at bank and in hand54/58 | €154,938 | €173,511 | €166,700 | €183,166 | €212,650 | ▲ 16.1% |
| Deferred charges and accrued income490/1 | €3,403 | €3,391 | €3,994 | €4,188 | €5,550 | ▲ 32.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €171,349 | €192,724 | €190,054 | €217,769 | €227,408 | ▲ 4.4% |
| Equity10/15 | €138,968 | €159,247 | €164,039 | €175,573 | €190,958 | ▲ 8.8% |
| Contributions10/11 | €8,060 | €8,060 | €8,060 | €8,060 | €8,060 | = |
| Reserves13 | €130,908 | €151,187 | €155,979 | €167,513 | €182,898 | ▲ 9.2% |
| Distributable reserves133 | €130,908 | €151,187 | €155,979 | €167,513 | €182,898 | ▲ 9.2% |
| Amounts payable17/49 | €32,381 | €33,476 | €26,015 | €42,197 | €36,450 | ▼ 13.6% |
| Amounts payable within one year42/48 | €32,381 | €33,476 | €26,015 | €42,197 | €36,450 | ▼ 13.6% |
| Trade debts44 | €505 | €73 | €602 | €1,263 | €324 | ▼ 74.4% |
| Suppliers440/4 | €505 | €73 | €602 | €1,263 | €324 | ▼ 74.4% |
| Taxes, remuneration and social security45 | €12,863 | €15,237 | €6,888 | €15,284 | €18,551 | ▲ 21.4% |
| Taxes450/3 | €12,863 | €15,237 | €6,888 | €15,284 | €18,551 | ▲ 21.4% |
| Remuneration and social security454/9 | €0 | €0 | €0 | €0 | €0 | - |
| Other amounts payable47/48 | €19,014 | €18,166 | €18,525 | €25,650 | €17,575 | ▼ 31.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €35,399 | €39,280 | €24,292 | €38,533 | €33,886 | ▼ 12.1% |
| + Depreciation and write-downs630 | €38 | €1,379 | €1,542 | €1,799 | €2,413 | ▲ 34.2% |
| Operating cash flow (approximation) | €35,437 | €40,658 | €25,834 | €40,332 | €36,299 | ▼ 10.0% |
| Investment in fixed assets (approximation) | - | -€5,728 | €0 | -€3,680 | -€1,280 | ▲ 65.2% |
| Change in cash | - | €18,574 | -€6,811 | €16,466 | €29,484 | ▲ 79.1% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
03-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
24-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
05-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
28-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €39,280 ▲11%
Operating result €55,361, net result €39,280, both a record.
31-12
Financial
Equity above €150,000Eq €159,247 ▲14.6%
5 profitable years in a row build equity to €159,247.
23-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
11-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Weakest financial yearnet €18,649 ▼31.3%
Net result drops to €18,649, the lowest in the series; recovery starts the following year.
25-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
27-05
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
04-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
28-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 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-Lambrechts-Woluwe · 1 establishment unit since 2011
Ground area
2,874 m²
Building footprint
1,130 m²
Volume, LiDAR
17,602 m³
Parcel 21018A0145/00P003, Brussels · tallest building 18.4 m, ±5 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Bolderiklaan 23, 1200 Sint-Lambrechts-Woluwe
since 20112.198.016.634
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21018A0145/00P003 | Brussels | 2,874 m² | 1 · 1,130 m² | 18.4 m · 5 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.
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Of 13,417 companies in sector 73300 we hold annual accounts for 6,906. 5,291 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
Founded12-04-2011
Fiscal year end31-12
Activities, NACEBEL 2025
73300Public relations and communication consultancy
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0835431997
Also
9925:BE0835431997
Registered
27-11-2025
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.