ZENTECH
ActiveSummary
ZENTECH has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-247k) and a net result of €86k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 267 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
48
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability52▲+48
Solvency14▲+10
Growth40▲+18
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.86 against 0.74 in 2024; short-term debt: 109.4% and cash: 4.5% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 20
Relative position
BE, all sectors
reference
Sector 20
lower
← fewer bankruptcies
more bankruptcies →
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 · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 267 sector peers (2025).
NBB · sector comparisonPosition among 267 sector peers
Solvency
better than 5%
← weakest
strongest →
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 15-07-2026, 16 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
16 d early
2024
14 d early
2023
47 d early
2022
31 d late
2021
10 d late
2020
39 d early
2019
35 d early
← before the deadline
after the deadline →
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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€2.22M▼ 23.0%
2021 · €2.88M
2018: €4.19M
2019: €2.92M
2020: €4.02M
2021: €2.88M
2018 → 2025
EBIT margin
7.1%▲ 34.3pp
2021 · -27.3%
2018: 0.7%
2019: -41.0%
2020: 67.2%
2021: -27.3%
2018 → 2025
Net result
€86k
2024 · €-186k
2018: €17k
2019: €-1.31M
2020: €2.74M
2021: €-992k
2022: €-2.31M
2023: €-358k
2024: €-186k
2018 → 2025
Working capital
€-368k▲ 26.9%
2024 · €-503k
2018: €1.08M
2019: €-2k
2020: €2.72M
2021: €1.92M
2022: €-450k
2023: €-378k
2024: €-503k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€2.88M-€2.22M
Equity€2.55M-€441k▼ 82.7%€-138k€-329k▼ 139%€-247k▲ 24.9%
Operating result€-784k-€-2.32M▼ 196%€-386k▲ 83.4%€-99k▲ 74.4%€157k
Net result€-992k-€-2.31M▼ 133%€-358k▲ 84.5%€-186k▲ 48.1%€86k
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €157k after a loss of €99k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.32M
Fixed assets
€150k ▼ 24.2%
Current assets
€2.17M ▲ 54.7%
Key figures and ratios
EBITDA
€211k▲
2024 · €-33k
Cash flow
€140k▲
2024 · €-120k
Solvency
-10.6%▲
2024 · -20.5%
Current ratio
0.86▲
2024 · 0.74
Debt to equity
-10.40▼
2024 · -5.87
ROA
3.7%▲
2024 · -11.6%
Interest coverage
3.09▲
2024 · -0.35
Debt
€2.57M▲
2024 · €1.93M
Debt ≤ 1 year
€2.54M▲
2024 · €1.91M
Staff costs
€69▲
2024 · €-9k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 76 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.60M€2.32M▲
Fixed assets21/28€198k€150k▼
Intangible fixed assets21€9k€4k▼
Tangible fixed assets22/27€179k€137k▼
Land and buildings22€107k€98k▼
Plant, machinery and equipment23€13k€38k▲
Furniture and vehicles24€3k€336▼
Leasing and similar rights25€55k-
Financial fixed assets28€10k€10k▼
Other financial fixed assets284/8-€10k
Amounts receivable and cash guarantees285/8-€10k
Current assets29/58€1.41M€2.17M▲
Stocks and contracts in progress3€0-
Stocks30/36€0-
Amounts receivable within one year40/41€1.11M€2.06M▲
Trade receivables40€868k€1.95M▲
Other amounts receivable41€247k€115k▼
Cash at bank and in hand54/58€284k€104k▼
Deferred charges and accrued income490/1€7k€7k▲
Equity and liabilities
Total equity and liabilities10/49€1.60M€2.32M▲
Equity10/15€-329k€-247k▲
Contributions10/11€2.47M€2.47M=
Capital10€2.47M€2.47M=
Issued capital100€2.47M€2.47M=
Reserves13€54k€54k=
Non-distributable reserves130/1€54k€54k=
Legal reserve130€54k€54k=
Tax-exempt reserves132€446€446=
Profit (loss) carried forward14€-2.86M€-2.77M▲
Investment grants15€5k€965▼
Amounts payable17/49€1.93M€2.57M▲
Amounts payable after more than one year17€0-
Financial debts170/4€0-
Amounts payable within one year42/48€1.91M€2.54M▲
Current portion of amounts payable after more than one year42€25k-
Financial debts43€1.63M€1.63M=
Credit institutions430/8€1.63M€1.63M=
Trade debts44€208k€901k▲
Suppliers440/4€208k€901k▲
Advances received on contracts in progress46-€5k
Taxes, remuneration and social security45€51k-
Taxes450/3€51k-
Remuneration and social security454/9€0-
Other amounts payable47/48€137€11k▲
Accrued charges and deferred income492/3€24k€30k▲
Income statement
Code20242025
Operating income70/76A-€2.57M
Turnover70-€2.22M
Other operating income74-€350k
Non-recurring operating income76A€0-
Operating charges60/66A-€2.41M
Goods for resale, raw materials and consumables60-€2.19M
Purchases600/8-€2.19M
Services and other goods61-€101k
Remuneration, social security and pensions62€-9k€69▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€66k€54k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€7k
Other operating charges640/8€68k€62k▼
Non-recurring operating charges66A€0-
Gross operating margin9900€26k-
Operating profit (loss)9901€-99k€157k▲
Financial income75/76B€6k€4k▼
Recurring financial income75€6k€4k▼
Other financial income752/9-€4k
Non-recurring financial income76B€0-
Financial charges65/66B€94k€75k▼
Recurring financial charges65€94k€75k▼
Debt charges650-€68k
Other financial charges652/9-€7k
Non-recurring financial charges66B€0-
Profit (loss) for the period before taxes9903€-187k€86k▲
Income taxes67/77€-943-
Profit (loss) for the period9904€-186k€86k▲
Profit (loss) for the period to be appropriated9905€-186k€86k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-2.86M€-2.77M▲
Profit (loss) brought forward from the previous period14P€-2.67M€-2.86M▼
Social balance
Average headcount (FTE)90870.00.0=
The notes to these accounts (46 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
15-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Back to profitnet €86k
Net result €86k after 4 loss-making years.
17-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
14-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 31 days late
2022
31-12
Financial
Weakest financial yearnet €-2.31M
Net result drops to €-2.31M, the lowest in the series; recovery starts the following year.
10-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 10 days late
2021
22-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Back to profitnet €2.74M
Net result €2.74M after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 2.16
Current ratio from 1.00 to 2.16; short-term debt falls from €2.71M to €2.35M.
31-12
Financial
Equity above €2MEq €3.56M ▲325%
Equity rises from €838k to €3.56M.
26-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
Show earlier events
2019
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
15-05
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.
Directors · office · real estate
Directors
17 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, Liège · 1 establishment unit since 1990
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Avenue Pré-Aily 104031 LiègeGround area
1,679 m²
Parcel 62002C0005/00X010, Wallonia. Linked by address, not a title deed.
1 establishment unit
ZENTECH
since 19902.049.856.656
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62002C0005/00X010 | Wallonia | 1,679 m² | - | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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
875500O0U7HKT8YOKM68
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Of 230 companies in sector 20590 we hold annual accounts for 169. 79 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded14-09-1990
Fiscal year end31-12
Activities, NACEBEL 2025
20590Manufacture of chemicals and chemical products
Sources
Crossroads Bank for EnterprisesNational Bank · 35 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.