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
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Hiring this company for building work? Recognition, activities and what to check first.Contractor check Accepting this client? The AML file with identity, beneficial owners and sanctions lists.AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
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.
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 5,666. 4,427 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.