ZENOX
ActiveSummary
ZENOX has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €412,358 and a net result of -€149,729. Equity is shrinking by ~9.1% per year across the filed fiscal years. Its solvency ranks better than 95% of 10429 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-15
Solvency100=
Growth22=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25,000 at 30 days acceptable
Liquidity ample (current ratio 10.72 against 7.71 in 2024; short-term debt: 5.4% and cash: 19.3% of total assets), and 5.4% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
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 →
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€149,729
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 10 filingsDeviation from the deadline
2025
31 d late
2024
26 d late
2023
41 d late
2022
23 d late
2021
3 d early
2020
24 d late
2019
8 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 19 days after 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.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Turnover
€93,302▲ 10.3%
2022 · €84,627
EBIT margin
-76.9%▲ 38.8pp
2022 · -115.7%
Net result
-€149,729▼ 242%
2024 · -€43,719
Working capital
€227,331▼ 40.1%
2024 · €379,204
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€84,354▼ 45.9%€84,627▲ 0.3%€93,302▲ 10.3%
Operating result-€25,495-€97,916▼ 284%-€71,728▲ 26.7%€43,971-€106,926
Net result-€37,699▼ 297%-€98,962▼ 163%-€135,916▼ 37.3%-€43,719▲ 67.8%-€149,729▼ 242%
EBIT margin-30.2%▼ 47.4pp-115.7%▼ 85.5pp-76.9%▲ 38.8pp
Equity€843,005▼ 4.3%€744,043▼ 11.7%€608,128▼ 18.3%€564,426▼ 7.2%€412,358▼ 26.9%
Total assets€859,323▼ 9.2%€822,630▼ 4.3%€716,177▼ 12.9%€620,914▼ 13.3%€435,754▼ 29.8%
Debt€16,317▼ 75.0%€19,513▲ 19.6%€48,329▲ 148%€56,489▲ 16.9%€23,396▼ 58.6%
Working capital€629,505▼ 8.2%€600,471▼ 4.6%€475,523▼ 20.8%€379,204▼ 20.3%€227,331▼ 40.1%
Staff (FTE)1
Why a figure moved sharply
- 2025 Net result -242% on 2024. The accounts now follow the abbreviated schema, last year the micro schema.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €106,926 after €43,971 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €435,754
Fixed assets
€185,026 ▼ 0.1%
Current assets
€250,727 ▼ 42.5%
Equity and liabilities €435,754
Equity
€412,358 ▼ 26.9%
Debt
€23,396 ▼ 58.6%
Debt's share of the balance-sheet total falls from 9.1% to 5.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€98,974▼
2024 · €54,559
Cash flow
-€141,776▼
2024 · -€33,131
Current ratio
10.72▲
2024 · 7.71
Debt to equity
0.06▼
2024 · 0.10
ROE
-36.3%▼
2024 · -7.7%
ROA
-34.4%▼
2024 · -7.0%
Interest coverage
-2.25▼
2024 · 0.62
Debt ≤ 1 year
€23,396▼
2024 · €56,489
Staff costs
€130▼
2024 · €7,401
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,827 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a loss of 10% of the balance sheet or more
1.5%
went bankrupt
14%
stopped otherwise
84%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
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 5,827 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 | €84,354 | €84,627 | €93,302 | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | €90,033 | €101,283 | €116,987 | - | - | - |
| Remuneration, social security and pensions62 | €14,357 | €20,391 | €35,529 | €7,401 | €130 | ▼ 98.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,135 | €10,588 | €10,588 | €10,588 | €7,952 | ▼ 24.9% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | €59,073 | €648 | -€59,721 | - | - |
| Other operating charges640/8 | €1,339 | €1,172 | €1,278 | - | €147 | - |
| Gross operating margin9900 | -€2,663 | -€6,693 | -€23,686 | €2,239 | -€98,697 | ▼ 4,507% |
| Operating profit (loss)9901 | -€25,495 | -€97,916 | -€71,728 | €43,971 | -€106,926 | ▼ 343% |
| Financial income75/76B | €1 | - | €14 | €486 | €1,110 | ▲ 129% |
| Recurring financial income75 | €1 | - | €14 | €486 | €1,110 | ▲ 129% |
| Financial charges65/66B | €1,265 | €1,046 | €64,047 | €88,176 | €43,913 | ▼ 50.2% |
| Recurring financial charges65 | €1,265 | €1,046 | €64,047 | €88,176 | €43,913 | ▼ 50.2% |
| Non-recurring financial charges66B | - | - | €64,047 | - | - | - |
| Profit (loss) for the period before taxes9903 | -€26,758 | -€98,962 | -€135,761 | -€43,719 | -€149,729 | ▼ 242% |
| Income taxes67/77 | €10,942 | €0 | €155 | - | - | - |
| Profit (loss) for the period9904 | -€37,699 | -€98,962 | -€135,916 | -€43,719 | -€149,729 | ▼ 242% |
| Profit (loss) for the period to be appropriated9905 | -€37,699 | -€98,962 | -€135,916 | -€43,719 | -€149,729 | ▼ 242% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €859,323 | €822,630 | €716,177 | €620,914 | €435,754 | ▼ 29.8% |
| Fixed assets21/28 | €213,500 | €202,913 | €192,325 | €185,221 | €185,026 | ▼ 0.1% |
| Tangible fixed assets22/27 | €126,715 | €116,128 | €105,540 | €98,436 | €98,241 | ▼ 0.2% |
| Land and buildings22 | €105,000 | €100,500 | €96,000 | €91,500 | €87,000 | ▼ 4.9% |
| Furniture and vehicles24 | €21,715 | €15,628 | €9,540 | €6,936 | €11,241 | ▲ 62.1% |
| Financial fixed assets28 | €86,785 | €86,785 | €86,785 | €86,785 | €86,785 | = |
| Current assets29/58 | €645,822 | €619,717 | €523,852 | €435,693 | €250,727 | ▼ 42.5% |
| Amounts receivable after more than one year29 | €34,739 | €159,739 | €159,739 | €125,000 | €16,932 | ▼ 86.5% |
| Other amounts receivable291 | €34,739 | €159,739 | €159,739 | €125,000 | €16,932 | ▼ 86.5% |
| Amounts receivable within one year40/41 | €41,879 | €51,302 | €24,319 | €60,089 | €149,403 | ▲ 149% |
| Trade receivables40 | €9,420 | €21,822 | €9,319 | €40,979 | €124,757 | ▲ 204% |
| Other amounts receivable41 | €32,459 | €29,479 | €15,000 | €19,110 | €24,646 | ▲ 29.0% |
| Cash at bank and in hand54/58 | €569,205 | €401,145 | €310,103 | €220,913 | €84,020 | ▼ 62.0% |
| Deferred charges and accrued income490/1 | - | €7,532 | €29,691 | €29,691 | €373 | ▼ 98.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €859,323 | €822,630 | €716,177 | €620,914 | €435,754 | ▼ 29.8% |
| Equity10/15 | €843,005 | €744,043 | €608,128 | €564,426 | €412,358 | ▼ 26.9% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Reserves13 | €307,985 | €307,985 | €307,985 | €307,985 | €307,985 | = |
| Non-distributable reserves130/1 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Legal reserve130 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Tax-exempt reserves132 | €86,785 | €86,785 | €86,785 | €86,785 | €86,785 | = |
| Distributable reserves133 | €215,000 | €215,000 | €215,000 | €215,000 | €215,000 | = |
| Profit (loss) carried forward14 | €473,020 | €374,058 | €238,143 | €194,441 | €42,373 | ▼ 78.2% |
| Provisions and deferred taxes16 | - | €59,073 | €59,721 | - | - | - |
| Deferred taxes168 | - | €59,073 | €59,721 | - | - | - |
| Amounts payable17/49 | €16,317 | €19,513 | €48,329 | €56,489 | €23,396 | ▼ 58.6% |
| Amounts payable after more than one year17 | €0 | - | - | - | - | - |
| Financial debts170/4 | €0 | - | - | - | - | - |
| Amounts payable within one year42/48 | €16,317 | €19,246 | €48,329 | €56,489 | €23,396 | ▼ 58.6% |
| Current portion of amounts payable after more than one year42 | €1,250 | €0 | - | - | - | - |
| Financial debts43 | €0 | €0 | - | - | - | - |
| Credit institutions430/8 | €0 | €0 | - | - | - | - |
| Trade debts44 | €4,868 | €18,643 | €32,590 | €1,442 | - | - |
| Suppliers440/4 | €4,868 | €18,643 | €32,590 | €1,442 | - | - |
| Taxes, remuneration and social security45 | €9,597 | €0 | €14,869 | €53,947 | €22,715 | ▼ 57.9% |
| Taxes450/3 | €9,597 | - | €13,597 | €53,181 | €22,715 | ▼ 57.3% |
| Remuneration and social security454/9 | €0 | - | €1,273 | €766 | - | - |
| Other amounts payable47/48 | €603 | €603 | €870 | €1,100 | €681 | ▼ 38.0% |
| Accrued charges and deferred income492/3 | - | €267 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€37,699 | -€98,962 | -€135,916 | -€43,719 | -€149,729 | ▼ 242% |
| + Depreciation and write-downs630 | €7,135 | €10,588 | €10,588 | €10,588 | €7,952 | ▼ 24.9% |
| Operating cash flow (approximation) | -€30,564 | -€88,374 | -€125,328 | -€33,131 | -€141,776 | ▼ 328% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€3,484 | -€7,757 | ▼ 123% |
| Change in cash | - | -€168,060 | -€91,041 | -€89,190 | -€136,894 | ▼ 53.5% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
31-12
Financial
Weakest financial yearnet -€149,729
Net result drops to -€149,729, the lowest in the series.
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 26 days late
2024
10-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 41 days late
2023
23-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 23 days late
2022
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Liquidity triplescurrent ratio 39.58
Current ratio from 11.72 to 39.58; short-term debt falls from €63,966 to €16,317.
24-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 24 days late
2020
23-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 29 days late
2018
24-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
28-07
NBB filing
Annual accounts filed
fiscal year 2016 · 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.
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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, Overijse · 1 establishment unit since 1990
Ground area
1,406 m²
Building footprint
143 m²
Volume, LiDAR
721 m³
Parcel 23546L0743/00Y002, Flanders · tallest building 7.6 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
INSTITUUT BIOSCIENCE ESTHETIEK
since 19902.048.894.871
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23546L0743/00Y002 | Flanders | 1,406 m² | 1 · 143 m² | 7.6 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.
Recognitions · licences · registrations
Legal Entity Identifier
25490042WAMPJLS1X563
Similar companies · same sector, comparable size
A EN B MODE
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Assenede · Eq €411,620
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BE 0431.272.391
Schaarbeek · Eq €413,519
PRESIDENCE
BE 0441.749.777
Namur · Eq €410,150
TIFFANYS FASHION
BE 0439.605.384
Aalst · Eq €410,054
ADMINBURO
BE 0429.994.664
Lede · Eq €414,990
Of 1,271 companies in sector 47512 we hold annual accounts for 581. 419 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded21-06-1990
Fiscal year end31-12
Abbreviation NL
FTMI
Activities, NACEBEL 2025
47512Retail sale of household textiles and bedding
E-invoicing
Reachable via Peppol
Peppol ID
0208:0441002283
Registered
04-12-2025
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.