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Generated 13-07-2026
Active BE 0823.587.804Private limited company

ZHEN

Halleboomstraat 1 ·3020 Herent, Belgium· 16 yrs active
Sector: Wholesale trade (46450)
Conclusion Checked

The computed 12-month bankruptcy probability of ZHEN is 1.2% (low). The 2024 annual accounts show equity of €12.33M and a net result of €885k. Equity is growing by ~22.2% per year across the filed fiscal years. Its solvency ranks better than 94% of 538 sector peers (fiscal year 2024). The company has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 6 annual accounts.
Key figures
Equity €12.33M
Net result €885k
Staff (FTE) 16.8
Better than sector 94%
Snowflake analysis 5 axes · computed by Checked
Health94Profitability70Solvency100Growth35Stability100
80 / 100

Exceptional profile, strong across almost every axis.

Health 94
Profitability 70
Solvency 100
Growth 35
Stability 100
Bankruptcy probability (12 mo) Checked model v1 · free
1.2% Low
0%0,5%1,5%4%10%≥25%
Multiple establishment units +Higher-failure-rate sector +Long track record −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based
0 / 100
Low risk
Trust signals 3 signals
Established
Founded in 2010, 16 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad.
Administratively compliant
No FOD Economie strikeouts (UBO, accounts, address, activity).
Administrative Flags 0 events
No administrative flags
Health barometer FY 2024 · computed
94 / 100 Excellent
050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.
Financial overview10 NBB filings
Annual accounts filed on 05-02-2025 with the NBB · fiscal year 2024 · volledig
€0€5.00M€10.00MOperating result 2020: €3.21M€3.21MNet result 2020: €2.11M€2.11MOperating result 2021: €6.26M€6.26MNet result 2021: €4.36M€4.36MRevenue 2022: €12.45M€12.45MOperating result 2022: €3.17M€3.17MNet result 2022: €2.30M€2.30MRevenue 2023: €10.46M€10.46MOperating result 2023: €2.25M€2.25MNet result 2023: €1.69M€1.69MRevenue 2024: €8.93M€8.93MOperating result 2024: €1.19M€1.19MNet result 2024: €885k€885k20202021202220232024
RevenueOperating resultNet result
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing Equity: growth of ~22.2%/year over 6 fiscal years, indicative, assuming unchanged policy.
€0€10.00M€20.00M2025: €15.31M (€13.88M - €16.75M)2026: €17.43M (€15.14M - €19.72M)2027: €19.54M (€16.39M - €22.69M)2019: €1.91M2020: €4.03M2021: €8.39M2022: €10.69M2023: €11.80M2024: €12.33M201920202021202220232024202520262027
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison
Fiscal year 2024 · NACE 46, Wholesale trade · compared within the same schema type (full schema)
Metric This company Sector median Position in the sector
Solvency 86.2% 31.0%
better than 94% of 538 sector peers
Net result €885k €49k
better than 85% of 538 sector peers
Equity €12.33M €467k
better than 90% of 539 sector peers
Staff costs €1.02M €496k
higher than 66% of 397 sector peers
Employees (FTE) 16.8 7.6
better than 66% of 352 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Revenue
€8.93M
-14.7% 19-24
EBITDA
€1.78M
-35.3% far above sector median
Net profit
€885k
-47.6% far above sector median
Cash flow
€1.48M
-32.7% far above sector median
Total assets
€14.30M
+5.1% far above sector median
Equity
€12.33M
+4.4% far above sector median
Working capital
€9.53M
+2.7% far above sector median
Employees (FTE)
17
+38.8% far above sector median
Staff costs
€1.02M
+42.5% far above sector median
Income taxes
€315k
-45.4% far above sector median
Dividends
€361k
-37.4% far above sector median
Debt
€1.98M
+9.5% far above sector median
Debt ≤ 1y
€1.42M
+28.9% far above sector median
Debt > 1y
€540k
-17.9% 19-24
Current ratio
7.73
-18.2% far above sector median
Quick ratio
5.24
-24.1% far above sector median
Solvency
86.2%
-0.6% +176% vs sector
Debt / equity
0.16
+4.8% -93% vs sector
ROE
7.2%
-49.8% -82% vs sector
ROA
6.2%
-50.2% +141% vs sector
Net margin
9.9%
-38.6% 19-24
EBITDA margin
20.0%
-24.1% 19-24
Interest coverage
39.42
-47.7% +6% vs sector
Figures by fiscal year
Fiscal year2024
Revenue€8.93M
EBITDA€1.78M
Net profit€885k
Cash flow€1.48M
Staff costs€1.02M
Income taxes€315k
Dividends€361k
Total assets€14.30M
Equity€12.33M
Debt€1.98M
of which ≤ 1y€1.42M
of which > 1y€540k
Working capital€9.53M
Employees (FTE)16.8
Ratios (computed)
2024
Current ratio7.73
Quick ratio5.24
Working capital ratio66.6%
Solvency86.2%
Debt / equity0.16
Long-term debt ratio0.04
Interest coverage39.42
Gross margin59.9%
Net margin9.9%
ROA6.2%
ROE7.2%
EBITDA margin20.0%
Days sales outstanding72d
Days payable outstanding47d
Inventory turnover1.02
Days inventory (DSI)359d
Balance-sheet composition 2024
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2024
Balance sheet, Assets
TOTAL ASSETS 20/58€14.30M
Fixed assets 21/28€3.36M
Tangible fixed assets 22/27€3.36M
Financial fixed assets 28€520
Current assets 29/58€10.95M
Stocks & contracts in progress 3€3.53M
Amounts receivable within one year 40/41€2.84M
Investments 50/53€170k
Cash & bank 54/58€863k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€14.30M
Equity 10/15€12.33M
Contributions / capital 10/11€12k
Reserves 13€11.41M
Accumulated profits (losses) 14€907k
Amounts payable 17/49€1.98M
Amounts payable after one year 17€540k
Amounts payable within one year 42/48€1.42M
Trade debts payable within one year 44€464k
Income statement
Turnover 70€8.93M
Operating result 9901€1.19M
Financial income 75€68k
Financial charges 65€61k
Result before taxes 9903€1.20M
Income taxes 67/77€315k
Net result for the period 9904€885k
Result to be appropriated 9905€885k
You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.
Legal Structure
NACE primary Wholesale trade(46450)
Legal form Private limited company(610)
Incorporation02-03-2010
StatusActive
Postal code3020
Establishment units 5 locations
ZHEN
Mechelsestraat 209, 3000 LeuvenVervaardiging van suiker
since 20112.206.869.863
Rainpharma Showroom & Education
Fonteinstraat 12, 3000 LeuvenVervaardiging van suiker
since 20132.222.952.661
RAINPHARMA
Halleboomstraat 1, 3020 HerentHandelsbemiddeling in parfums, cosmetica, toiletartikelen en reinigingsmiddelen
since 20202.306.316.342
Rainpharma
Halleboomstraat 1, 3020 HerentHandelsbemiddeling in parfums, cosmetica, toiletartikelen en reinigingsmiddelen
since 20212.372.118.172
RainPharma
Halleboomstraat 1, 3020 HerentVervaardiging van suiker
since 20242.370.968.723
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
24422D0223/00A000 Flanders 7,087 m² 1 · 333 m² 6.8 m · 2 fl.
24505F0241/00S000 Flanders 667 m² 2 · 543 m² 10.9 m · 3 fl.
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates 11 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2025
04-06-2025
State Gazette act Director changes
Vincent Crolla
05-02-2025
NBB filing Annual accounts filed
fiscal year 2024 · volledig
2024
29-01-2024
NBB filing Annual accounts filed
fiscal year 2023 · volledig
2023
10-03-2023
NBB filing Annual accounts filed
fiscal year 2022 · volledig
2022
31-01-2022
NBB filing Annual accounts filed
fiscal year 2021 · verkort
2021
18-02-2021
NBB filing Annual accounts filed
fiscal year 2020 · verkort
2020
30-01-2020
NBB filing Annual accounts filed
fiscal year 2019 · verkort
2019
31-01-2019
NBB filing Annual accounts filed
fiscal year 2018 · verkort
2018
30-01-2018
NBB filing Annual accounts filed
fiscal year 2017 · verkort
2017
10-02-2017
NBB filing Annual accounts filed
fiscal year 2016 · verkort
2016
29-01-2016
NBB filing Annual accounts filed
fiscal year 2015 · verkort
Belgisch Staatsblad, acts 1 acts
All acts · 1 updated 1 year ago
2025
04-06-2025 3 directors appointed, 2 resigning Director changes·Vincent Crolla
  • GODOY ROCHA Eric, Statutair
  • GODOY ROCHA Eric, Statutair
  • GODOY ROCHA Eric, Statutair
  • BASTIN Dominique, Statutair
  • GODOY ROCHA Eric, Bestuurder
Notary: Vincent Crolla · Leuven
Technical details 
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Credit advice verdict per customer and amount

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Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
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Company registry (CBE) Crossroads Bank
Activities
Groothandel in andere voedingsmiddelen, n.e.g.46389Groothandel in andere voedingsmiddelen, neg46389Groothandel in parfumerieën en cosmetica46450Groothandel in parfumerieën en cosmetica46450Verwerking van thee en koffie10830Verwerking van thee en koffie10830Vervaardiging van gehomogeniseerde voedingspreparaten en dieetvoeding10860Vervaardiging van gehomogeniseerde voedingspreparaten en dieetvoeding10860Vervaardiging van andere voedingsmiddelen, n.e.g.10890Vervaardiging van andere voedingsmiddelen, neg10890Vervaardiging van frisdranken; productie van mineraalwater en ander gebotteld water11070Vervaardiging van frisdranken en water in flessen11070Vervaardiging van parfums en toiletartikelen20420
Primary activity highlighted.
Names & trade names
Legal nameNL ZHEN
Registered office
Halleboomstraat 1
3020 Herent, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative