ZENTRO
ActiveSummary
ZENTRO has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €344k and a net result of €39k. Equity is growing by ~16.8% per year across the filed fiscal years. Its solvency ranks better than 83% of 27965 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability80▼-17
Solvency100▲+1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity ample (current ratio 4.55 against 3.82 in 2024; short-term debt: 21.8% and cash: 55.9% of total assets), and 21.8% 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← 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
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
78.2%
Return on assets
8.9%
Age of the figures
18 mo
neutral · Filed after the deadline
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 28-11-2025, 28 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
28 d late
2024
26 d late
2023
23 d late
2022
10 d late
2021
3 d late
2020
65 d late
2019
29 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close25-09-2026 today31-10-2026 deadline
History
Financials · fiscal year 2025, micro schema
Equity
€344k▲ 12.8%
2024 · €305k
Total assets
€441k▲ 6.7%
2024 · €413k
Net result
€39k▼ 57.9%
2024 · €93k
Working capital
€341k▲ 15.5%
2024 · €296k
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
Operating result€11k▲ 45.5%€7k▼ 34.8%€45k▲ 546%€127k▲ 179%€56k▼ 55.6%
Net result€7k▲ 40.4%€5k▼ 32.6%€32k▲ 534%€93k▲ 192%€39k▼ 57.9%
Equity€176k▲ 4.4%€181k▲ 2.9%€212k▲ 17.6%€305k▲ 43.7%€344k▲ 12.8%
Total assets€253k▲ 33.8%€253k▲ 0.1%€280k▲ 10.7%€413k▲ 47.5%€441k▲ 6.7%
Debt€77k▲ 271%€72k▼ 6.3%€68k▼ 6.5%€108k▲ 59.3%€96k▼ 10.7%
Working capital€157k▼ 5.8%€168k▲ 6.9%€201k▲ 19.6%€296k▲ 46.8%€341k▲ 15.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 56% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €441k
Fixed assets
€3k ▼ 75.8%
Current assets
€437k ▲ 9.3%
Equity and liabilities €441k
Equity
€344k ▲ 12.8%
Debt
€96k ▼ 10.7%
Debt's share of the balance-sheet total falls from 26.1% to 21.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€66k▼
2024 · €136k
Cash flow
€49k▼
2024 · €103k
Current ratio
4.55▲
2024 · 3.82
Quick ratio
3.58▼
2024 · 3.81
Debt to equity
0.28▼
2024 · 0.35
ROE
11.3%▼
2024 · 30.4%
ROA
8.9%▼
2024 · 22.5%
Interest coverage
28.81▼
2024 · 191.43
Debt ≤ 1 year
€96k▼
2024 · €105k
Income taxes
€15k▼
2024 · €33k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7k | €10k | €10k | €10k | €10k | ▼ 1.1% |
| Other operating charges640/8 | - | €1k | €910 | €899 | €854 | ▼ 5.0% |
| Gross operating margin9900 | €18k | €18k | €56k | €137k | €67k | ▼ 51.4% |
| Operating profit (loss)9901 | €11k | €7k | €45k | €127k | €56k | ▼ 55.6% |
| Financial income75/76B | - | €352 | - | - | - | - |
| Recurring financial income75 | - | €352 | - | - | - | - |
| Financial charges65/66B | - | €198 | €904 | €713 | €2k | ▲ 221% |
| Recurring financial charges65 | €541 | €198 | €904 | €713 | €2k | ▲ 221% |
| Profit (loss) for the period before taxes9903 | €10k | €7k | €45k | €126k | €54k | ▼ 57.2% |
| Income taxes67/77 | €3k | €2k | €13k | €33k | €15k | ▼ 55.2% |
| Profit (loss) for the period9904 | €7k | €5k | €32k | €93k | €39k | ▼ 57.9% |
| Profit (loss) for the period to be appropriated9905 | €7k | €5k | €32k | €93k | €39k | ▼ 57.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €253k | €253k | €280k | €413k | €441k | ▲ 6.7% |
| Fixed assets21/28 | €47k | €32k | €22k | €13k | €3k | ▼ 75.8% |
| Tangible fixed assets22/27 | €40k | €32k | €22k | €13k | €3k | ▼ 75.8% |
| Plant, machinery and equipment23 | - | €3k | €2k | €1k | €194 | ▼ 83.7% |
| Furniture and vehicles24 | - | €29k | €20k | €12k | €3k | ▼ 75.0% |
| Financial fixed assets28 | €7k | - | - | - | - | - |
| Current assets29/58 | €206k | €221k | €258k | €400k | €437k | ▲ 9.3% |
| Stocks and contracts in progress3 | €24k | €84k | €4k | €2k | €94k | ▲ 6,133% |
| Stocks30/36 | - | €22k | €4k | €2k | €22k | ▲ 1,333% |
| Contracts in progress37 | - | €62k | - | - | €72k | - |
| Amounts receivable within one year40/41 | €25k | €82k | €50k | €185k | €96k | ▼ 48.0% |
| Trade receivables40 | - | €70k | €38k | €176k | €80k | ▼ 54.4% |
| Other amounts receivable41 | - | €12k | €12k | €10k | €16k | ▲ 69.2% |
| Cash at bank and in hand54/58 | €79k | €54k | €202k | €206k | €246k | ▲ 19.3% |
| Deferred charges and accrued income490/1 | - | €710 | €2k | €7k | €1k | ▼ 84.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €253k | €253k | €280k | €413k | €441k | ▲ 6.7% |
| Equity10/15 | €176k | €181k | €212k | €305k | €344k | ▲ 12.8% |
| Contributions10/11 | €65k | €65k | €65k | €65k | €65k | = |
| Capital10 | - | €65k | €65k | €65k | €65k | = |
| Issued capital100 | - | €65k | €65k | €65k | €65k | = |
| Reserves13 | €70k | €75k | €105k | €149k | €187k | ▲ 25.4% |
| Non-distributable reserves130/1 | - | €7k | €7k | €7k | €7k | = |
| Legal reserve130 | - | €7k | €7k | €7k | €7k | = |
| Tax-exempt reserves132 | - | €57k | €57k | €57k | €57k | = |
| Distributable reserves133 | - | €12k | €42k | €86k | €124k | ▲ 44.2% |
| Profit (loss) carried forward14 | €40k | €40k | €42k | €91k | €92k | ▲ 1.2% |
| Amounts payable17/49 | €77k | €72k | €68k | €108k | €96k | ▼ 10.7% |
| Amounts payable after more than one year17 | €29k | €20k | €11k | €3k | - | - |
| Financial debts170/4 | - | €20k | €11k | €3k | - | - |
| Amounts payable within one year42/48 | €48k | €52k | €56k | €105k | €96k | ▼ 8.2% |
| Current portion of amounts payable after more than one year42 | - | €9k | €9k | €9k | €4k | ▼ 59.3% |
| Trade debts44 | €10k | €40k | €24k | €33k | €26k | ▼ 20.7% |
| Suppliers440/4 | - | €40k | €24k | €33k | €26k | ▼ 20.7% |
| Advances received on contracts in progress46 | - | - | - | €12k | - | - |
| Taxes, remuneration and social security45 | - | €3k | €13k | €37k | €37k | ▲ 0.7% |
| Taxes450/3 | - | €3k | €13k | €34k | €34k | ▼ 0.1% |
| Remuneration and social security454/9 | - | - | - | €3k | €3k | ▲ 9.3% |
| Other amounts payable47/48 | - | €198 | €11k | €14k | €29k | ▲ 107% |
| Accrued charges and deferred income492/3 | - | - | - | €67 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7k | €5k | €32k | €93k | €39k | ▼ 57.9% |
| + Depreciation and write-downs630 | €7k | €10k | €10k | €10k | €10k | ▼ 1.1% |
| Operating cash flow (approximation) | €14k | €15k | €42k | €103k | €49k | ▼ 52.5% |
| Investment in fixed assets (approximation) | - | €5k | €0 | €-1 | €1 | ▲ 200% |
| Change in cash | - | €-25k | €148k | €5k | €40k | ▲ 713% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
28-11
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2024
26-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 26 days late
31-03
Financial
Highest result since 2019net €93k ▲192%
Operating result €127k, net result €93k, both a record.
2023
23-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 23 days late
31-03
Financial
Equity above €200kEq €212k ▲17.6%
4 profitable years in a row build equity to €212k.
2022
10-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 10 days late
2021
03-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 3 days late
04-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 65 days late
2020
31-03
Financial
Back to profitnet €5k
Net result €5k after one loss-making year.
2019
29-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 29 days late
2018
26-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 26 days late
2017
30-11
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 30 days late
2016
31-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 61 days late
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, Stekene · 1 establishment unit since 2010
Ground area
6,553 m²
Building footprint
4,030 m²
Volume, LiDAR
17,979 m³
Parcel 46024A1789/00F000, Flanders · tallest building 14.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ZENTRO
since 20102.190.068.671
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46024A1789/00F000 | Flanders | 6,553 m² | 1 · 4,030 m² | 14.6 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.
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Of 9,534 companies in sector 43222 we hold annual accounts for 5,664. 4,425 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 (pre-2019)
Founded07-06-2010
Fiscal year end31-03
Activities, NACEBEL 2025
43222Installation of electric heating, air conditioning, cooling and ventilation
43211General electrical installation work
Scores and ratios are computed by Checked and are not a credit decision.