ZENOFI
ActiveSummary
ZENOFI has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €804,939 and a net result of €160,690. Equity is growing by ~39.7% per year across the filed fiscal years. Its solvency ranks better than 94% of 790 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability92▼-8
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €70,000 at 30 days acceptable
Liquidity ample (current ratio 13.4 against 6.52 in 2024; short-term debt: 6.9% and cash: 54.2% of total assets), and 6.9% 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
Three signals. The signal on the left, the evidence on the right.
−lowers 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
93.1%
Return on assets
18.6%
Age of the figures
9 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 78
Relative position
BE, all sectors
reference
Employment activities (NACE 78)
about 17% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-08-2026, 30 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 9 filingsDeviation from the deadline
2025
30 d late
2024
31 d late
2023
90 d late
2022
61 d late
2021
60 d late
2020
31 d late
2019
2 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 after the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 30% 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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
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Financials · fiscal year 2025, micro schema
In the rankings
#3 company by equity in Mortsel, Administrative and support services sector#5 company by total assets in Mortsel, Administrative and support services sector
Equity
€804,939▲ 18.2%
2024 · €680,987
Total assets
€864,831▲ 9.1%
2024 · €792,547
Net result
€160,690▼ 39.0%
2024 · €263,404
Working capital
€742,571▲ 20.5%
2024 · €616,147
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 78, Employment 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
Operating result€97,754▲ 11.4%€135,293▲ 38.4%€171,038▲ 26.4%€188,172▲ 10.0%€236,933▲ 25.9%
Net result€67,708above the sector's middle half▲ 8.3%€95,375above the sector's middle half▲ 40.9%€116,333above the sector's middle half▲ 22.0%€263,404above the sector's middle half▲ 126%€160,690above the sector's middle half▼ 39.0%
Equity€248,811above the sector's middle half▲ 37.4%€342,710above the sector's middle half▲ 37.7%€459,043above the sector's middle half▲ 33.9%€680,987above the sector's middle half▲ 48.3%€804,939above the sector's middle half▲ 18.2%
Total assets€291,279above the sector's middle half▲ 48.2%€407,743above the sector's middle half▲ 40.0%€491,599above the sector's middle half▲ 20.6%€792,547above the sector's middle half▲ 61.2%€864,831above the sector's middle half▲ 9.1%
Debt€42,467▲ 176%€65,034▲ 53.1%€32,556▼ 49.9%€111,560▲ 243%€59,891▼ 46.3%
Working capital€247,716▲ 37.2%€269,082▲ 8.6%€388,817▲ 44.5%€616,147▲ 58.5%€742,571▲ 20.5%
Solvency85.4%above the sector's middle half▼ 6.7pp84.1%above the sector's middle half▼ 1.4pp93.4%above the sector's middle half▲ 9.3pp85.9%above the sector's middle half▼ 7.5pp93.1%above the sector's middle half▲ 7.2pp
above
within
below
the middle half (P25 to P75) of NACE 78, Employment activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 26% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €864,831
Fixed assets
€62,368 ▼ 3.8%
Current assets
€802,463 ▲ 10.3%
Equity and liabilities €864,831
Equity
€804,939 ▲ 18.2%
Debt
€59,891 ▼ 46.3%
Debt's share of the balance-sheet total falls from 14.1% to 6.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€244,708▲
2024 · €194,648
Cash flow
€168,465▼
2024 · €269,880
Current ratio
13.40▲
2024 · 6.52
Debt to equity
0.07▼
2024 · 0.16
ROE
20.0%▼
2024 · 38.7%
ROA
18.6%▼
2024 · 33.2%
Interest coverage
48.08▼
2024 · 627.15
Debt ≤ 1 year
€59,891▼
2024 · €111,560
Income taxes
€71,880▼
2024 · €130,940
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,792 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 97% are still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
3.2%
stopped otherwise
97%
still going
For this company itself Checked computes a bankruptcy probability of 0.4% 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 497,058 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% | 1.6% |
| 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 74% 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 17,792 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €492 | €4,444 | €5,630 | €6,475 | €7,775 | ▲ 20.1% |
| Other operating charges640/8 | €2,196 | €8,594 | €2,329 | €4,521 | €2,708 | ▼ 40.1% |
| Gross operating margin9900 | €100,441 | €148,331 | €178,997 | €199,169 | €247,417 | ▲ 24.2% |
| Operating profit (loss)9901 | €97,754 | €135,293 | €171,038 | €188,172 | €236,933 | ▲ 25.9% |
| Financial income75/76B | - | €0 | - | €206,483 | €727 | ▼ 99.6% |
| Recurring financial income75 | - | €0 | - | €206,483 | €727 | ▼ 99.6% |
| Non-recurring financial income76B | - | - | - | €206,483 | - | - |
| Financial charges65/66B | €213 | €76 | €47 | €310 | €5,089 | ▲ 1,540% |
| Recurring financial charges65 | €213 | €76 | €47 | €310 | €5,089 | ▲ 1,540% |
| Profit (loss) for the period before taxes9903 | €97,540 | €135,217 | €170,991 | €394,344 | €232,570 | ▼ 41.0% |
| Income taxes67/77 | €29,832 | €39,843 | €54,658 | €130,940 | €71,880 | ▼ 45.1% |
| Profit (loss) for the period9904 | €67,708 | €95,375 | €116,333 | €263,404 | €160,690 | ▼ 39.0% |
| Profit (loss) for the period to be appropriated9905 | €67,708 | €95,375 | €116,333 | €263,404 | €160,690 | ▼ 39.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €291,279 | €407,743 | €491,599 | €792,547 | €864,831 | ▲ 9.1% |
| Fixed assets21/28 | €1,095 | €73,627 | €70,226 | €64,840 | €62,368 | ▼ 3.8% |
| Tangible fixed assets22/27 | €1,095 | €73,627 | €70,226 | €64,840 | €62,368 | ▼ 3.8% |
| Land and buildings22 | - | €70,294 | €65,329 | €60,365 | €55,400 | ▼ 8.2% |
| Furniture and vehicles24 | €1,095 | €2,956 | €4,519 | €4,098 | €5,619 | ▲ 37.1% |
| Other tangible fixed assets26 | - | €377 | €377 | €377 | €1,349 | ▲ 257% |
| Financial fixed assets28 | - | - | - | €0 | - | - |
| Current assets29/58 | €290,184 | €334,116 | €421,373 | €727,707 | €802,463 | ▲ 10.3% |
| Amounts receivable within one year40/41 | €22,668 | €26,257 | €29,125 | €21,099 | €66,003 | ▲ 213% |
| Trade receivables40 | €22,668 | €26,002 | €28,802 | €20,836 | €62,057 | ▲ 198% |
| Other amounts receivable41 | - | €255 | €323 | €263 | €3,946 | ▲ 1,402% |
| Current investments50/53 | €67,000 | €67,000 | €67,000 | €67,000 | €267,488 | ▲ 299% |
| Cash at bank and in hand54/58 | €200,516 | €240,465 | €325,104 | €639,588 | €468,874 | ▼ 26.7% |
| Deferred charges and accrued income490/1 | - | €395 | €144 | €20 | €98 | ▲ 380% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €291,279 | €407,743 | €491,599 | €792,547 | €864,831 | ▲ 9.1% |
| Equity10/15 | €248,811 | €342,710 | €459,043 | €680,987 | €804,939 | ▲ 18.2% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | - | - | - |
| Reserves13 | €230,211 | €324,110 | €440,443 | €680,987 | €804,939 | ▲ 18.2% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | €228,351 | €322,250 | €440,443 | €680,987 | €804,939 | ▲ 18.2% |
| Amounts payable17/49 | €42,467 | €65,034 | €32,556 | €111,560 | €59,891 | ▼ 46.3% |
| Amounts payable within one year42/48 | €42,467 | €65,034 | €32,556 | €111,560 | €59,891 | ▼ 46.3% |
| Trade debts44 | €5,155 | €1,472 | €973 | €709 | €0 | ▼ 100% |
| Suppliers440/4 | €5,155 | €1,472 | €973 | €709 | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | €30,574 | €48,963 | €16,489 | €97,551 | €46,643 | ▼ 52.2% |
| Taxes450/3 | €30,574 | €48,963 | €16,489 | €97,551 | €41,643 | ▼ 57.3% |
| Remuneration and social security454/9 | - | - | - | - | €5,000 | - |
| Other amounts payable47/48 | €6,739 | €14,598 | €15,094 | €13,300 | €13,248 | ▼ 0.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €67,708 | €95,375 | €116,333 | €263,404 | €160,690 | ▼ 39.0% |
| + Depreciation and write-downs630 | €492 | €4,444 | €5,630 | €6,475 | €7,775 | ▲ 20.1% |
| Operating cash flow (approximation) | €68,200 | €99,819 | €121,964 | €269,880 | €168,465 | ▼ 37.6% |
| Investment in fixed assets (approximation) | - | -€76,976 | -€2,229 | -€1,090 | -€5,303 | ▼ 387% |
| Change in cash | - | €39,949 | €84,639 | €314,484 | -€170,714 | ▼ 154% |
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
30-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 30 days late
2025
31-12
Financial
Liquidity doublescurrent ratio 13.40
Current ratio from 6.52 to 13.40; short-term debt falls from €111,560 to €59,891.
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
19-08
State Gazette act
General meeting · Auditor reappointment
Power of attorney · Director resignation
2024
31-12
Financial
Highest result since 2018net €263,404 ▲126%
Net result €263,404, the highest in the series.
31-12
Financial
Equity above €500,000Eq €680,987 ▲48.3%
7 profitable years in a row build equity to €680,987.
29-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 90 days late
2023
31-12
Financial
Liquidity triplescurrent ratio 12.94
Current ratio from 5.14 to 12.94; short-term debt falls from €65,034 to €32,556.
30-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 61 days late
2022
29-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 60 days late
2021
31-12
Financial
Equity above €200,000Eq €248,811 ▲37.4%
4 profitable years in a row build equity to €248,811.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
Show earlier events
2020
31-12
Financial
Equity above €150,000Eq €181,103 ▲52.7%
3 profitable years in a row build equity to €181,103.
29-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Liquidity times 7current ratio 16.51
Current ratio from 2.32 to 16.51; short-term debt falls from €47,914 to €7,107.
31-12
Financial
Equity above €100,000Eq €118,610 ▲51.7%
2 profitable years in a row build equity to €118,610.
27-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 58 days late
2018
30-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 61 days late
Financial milestoneState Gazette actNBB 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, Mortsel · 1 establishment unit since 2016
Ground area
314 m²
Building footprint
85 m²
Volume, LiDAR
724 m³
Parcel 11513C0235/00R002, Flanders · tallest building 11.2 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
ZENOFI
since 20162.249.448.608
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11513C0235/00R002 | Flanders | 314 m² | 1 · 85 m² | 11.2 m · 3 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
Connections & network
1 connected companyThe connected companies are in the list below.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, scroll to zoom.
Linked via shared directors
Karel de Grote Hogeschool, Katholieke Hogeschool Antwerpen
Shared director
→
Ownership & control
1 board mandateBoard mandates of this companythis company sits on their board1
1 location
Recognitions · licences · registrations
Legal Entity Identifier
6994006G7MP1ZGKM2140
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Of 2,360 companies in sector 78100 we hold annual accounts for 1,364. 744 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
Founded12-01-2016
Fiscal year end31-12
Activities, NACEBEL 2025
78100Employment placement agencies
70200Business and other management consultancy
78200Temporary employment agencies and other provision of personnel
E-invoicing
Reachable via Peppol
Peppol ID
0208:0645947051
Also
9925:BE0645947051
Registered
16-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.