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ZIEN

Active
Private limited companyfounded 20215 yrs activeMeylandtlaan 106, 3550 Heusden-Zolder, BelgiumKBO/BCE: BE 0766.647.121
Summary

The computed 12-month bankruptcy probability of ZIEN is 1.9% (moderate). The 2024 annual accounts show equity of €84,884 and a net result of €50,755. Equity is growing by ~131% per year across the filed fiscal years. Its solvency ranks better than 57% of 26049 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2024
Axes · tick = 2023
Profitability99▲+2
Solvency66▲+21
Growth78=
Track record94
Bankruptcy probability, 12 months
1.9% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €6,000 at 30 days acceptable
Liquidity ample (current ratio 2.18 against 1.45 in 2023; short-term debt: 30.3% and cash: 25.1% of total assets), but 59.2% of the assets are financed with debt.
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Signals

Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 5 years 0 10 y
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 →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 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 · 3 filings
Deviation from the deadline
2025
not confirmed
2024
29 d late
2023
40 d early
2022
34 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 3 accounts on average 15 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 13 April 2021, ZIEN was incorporated as a Private limited company.1 Total assets went from EUR 152,450 in 2022 to EUR 207,926 in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2022 and 2024

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Financials · fiscal year 2024, micro schema

Equity
€84,884▲ 149%
2023 · €34,129
Total assets
€207,926▲ 20.7%
2023 · €172,239
Net result
€50,755▲ 31.3%
2023 · €38,668
Working capital
€74,363▲ 162%
2023 · €28,434
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line202220232024
Operating result-€13,438-€45,133€68,530▲ 51.8%
Net result-€9,539below the sector's middle half-€38,668above the sector's middle half€50,755above the sector's middle half▲ 31.3%
Equity-€4,539below the sector's middle half-€34,129within the sector's middle half€84,884within the sector's middle half▲ 149%
Total assets€152,450within the sector's middle half-€172,239within the sector's middle half▲ 13.0%€207,926within the sector's middle half▲ 20.7%
Debt€156,988-€138,109▼ 12.0%€123,042▼ 10.9%
Working capital-€8,951within the sector's middle half-€28,434within the sector's middle half€74,363within the sector's middle half▲ 162%
Solvency-3.0%below the sector's middle half-19.8%within the sector's middle half▲ 22.8pp40.8%within the sector's middle half▲ 21.0pp
Current ratio0.87within the sector's middle half-1.45within the sector's middle half▲ 0.582.18within the sector's middle half▲ 0.74
Return on assets (ROA)-6.3%below the sector's middle half-22.5%above the sector's middle half▲ 28.7pp24.4%above the sector's middle half▲ 2.0pp
above within below the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€25,000€0€25,000€50,000€75,000Operating result 2022: -€13,438-€13,438Net result 2022: -€9,539-€9,539Operating result 2023: €45,133€45,133Net result 2023: €38,668€38,668Operating result 2024: €68,530€68,530Net result 2024: €50,755€50,755202220232024-€25,000€0€25,000€50,000€75,000Operating result 2022: -€13,438-€13,400Net result 2022: -€9,539-€9,540Operating result 2023: €45,133€45,100Net result 2023: €38,668€38,700Operating result 2024: €68,530€68,500Net result 2024: €50,755€50,800202220232024
The operating result has risen two years in a row; 2024 is 52% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €207,926
Fixed assets €70,640 ▼ 11.2%
Current assets €137,286 ▲ 48.8%
Equity and liabilities €207,926
Equity €84,884 ▲ 149%
Debt €123,042 ▼ 10.9%
Debt's share of the balance-sheet total falls from 80.2% to 59.2%. Equity is higher and debt is lower.
Key figures and ratios
2024 value · change against 2023
EBITDA
€81,233▲
2023 · €57,827
Cash flow
€63,459▲
2023 · €51,361
Quick ratio
1.64▲
2023 · 0.88
Debt to equity
1.45▼
2023 · 4.05
ROE
59.8%▼
2023 · 113.3%
Interest coverage
19.75▲
2023 · 15.60
Debt ≤ 1 year
€62,923▼
2023 · €63,805
Debt > 1 year
€60,119▼
2023 · €74,304
Income taxes
€13,840▲
2023 · €2,819
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 26,970 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 95% are still going.

  • Micro
  • 5 to 10 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.5% went bankrupt
3.4% stopped otherwise
95% still going

A further 0.3% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 1.9% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.7%
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 75% 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 26,970 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
Filed annual accounts As filed with the NBB · 2024 against 2023 · 51 lines
Balance sheet Code20232024
Assets
Total assets20/58€172,239€207,926▲
Formation expenses20€434€0▼
Fixed assets21/28€79,566€70,640▼
Tangible fixed assets22/27€79,461€70,535▼
Plant, machinery and equipment23€27,398€26,706▼
Furniture and vehicles24€2,909€2,040▼
Other tangible fixed assets26€49,154€41,789▼
Financial fixed assets28€105€105=
Current assets29/58€92,239€137,286▲
Stocks and contracts in progress3€36,215€33,866▼
Stocks30/36€36,215€33,866▼
Amounts receivable within one year40/41€13,750€1,173▼
Trade receivables40€4,969€1,173▼
Other amounts receivable41€8,781-
Current investments50/53-€50,000
Cash at bank and in hand54/58€41,879€52,166▲
Deferred charges and accrued income490/1€395€80▼
Equity and liabilities
Total equity and liabilities10/49€172,239€207,926▲
Equity10/15€34,129€84,884▲
Contributions10/11€5,000€5,000=
Reserves13€29,129€79,884▲
Distributable reserves133€29,129€79,884▲
Amounts payable17/49€138,109€123,042▼
Amounts payable after more than one year17€74,304€60,119▼
Financial debts170/4€74,304€60,119▼
Amounts payable within one year42/48€63,805€62,923▼
Current portion of amounts payable after more than one year42€13,977€14,186▲
Trade debts44€5,582€4,782▼
Suppliers440/4€5,582€4,782▼
Taxes, remuneration and social security45€9,456€16,901▲
Taxes450/3€8,056€15,700▲
Remuneration and social security454/9€1,400€1,201▼
Other amounts payable47/48€34,790€27,055▼
Accrued charges and deferred income492/3€0€0=
Income statement Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12,693€12,704▲
Other operating charges640/8€1,084€198▼
Gross operating margin9900€58,911€81,432▲
Operating profit (loss)9901€45,133€68,530▲
Financial income75/76B€62€178▲
Recurring financial income75€62€178▲
Financial charges65/66B€3,708€4,113▲
Recurring financial charges65€3,708€4,113▲
Profit (loss) for the period before taxes9903€41,487€64,595▲
Income taxes67/77€2,819€13,840▲
Profit (loss) for the period9904€38,668€50,755▲
Profit (loss) for the period to be appropriated9905€38,668€50,755▲
Appropriation of the result
Profit (loss) to be appropriated9906€29,129€50,755▲
Profit (loss) brought forward from the previous period14P-€9,539-
Transfer to equity691/2€29,129€50,755▲
To the legal reserve6920-€50,755
To other reserves6921€29,129-

The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line202220232024Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16,372€12,693€12,704▲ 0.1%
Other operating charges640/8€613€1,084€198▼ 81.7%
Gross operating margin9900€3,547€58,911€81,432▲ 38.2%
Operating profit (loss)9901-€13,438€45,133€68,530▲ 51.8%
Financial income75/76B€10,030€62€178▲ 188%
Recurring financial income75€10,030€62€178▲ 188%
Financial charges65/66B€6,019€3,708€4,113▲ 10.9%
Recurring financial charges65€6,019€3,708€4,113▲ 10.9%
Profit (loss) for the period before taxes9903-€9,427€41,487€64,595▲ 55.7%
Income taxes67/77€112€2,819€13,840▲ 391%
Profit (loss) for the period9904-€9,539€38,668€50,755▲ 31.3%
Profit (loss) for the period to be appropriated9905-€9,539€38,668€50,755▲ 31.3%
Line202220232024Change
Assets
Total assets20/58€152,450€172,239€207,926▲ 20.7%
Formation expenses20€1,329€434€0▼ 100%
Fixed assets21/28€91,364€79,566€70,640▼ 11.2%
Tangible fixed assets22/27€91,259€79,461€70,535▼ 11.2%
Plant, machinery and equipment23€30,963€27,398€26,706▼ 2.5%
Furniture and vehicles24€3,778€2,909€2,040▼ 29.9%
Other tangible fixed assets26€56,518€49,154€41,789▼ 15.0%
Financial fixed assets28€105€105€105=
Current assets29/58€59,757€92,239€137,286▲ 48.8%
Stocks and contracts in progress3€54,523€36,215€33,866▼ 6.5%
Stocks30/36€54,523€36,215€33,866▼ 6.5%
Amounts receivable within one year40/41€0€13,750€1,173▼ 91.5%
Trade receivables40€0€4,969€1,173▼ 76.4%
Other amounts receivable41-€8,781--
Current investments50/53--€50,000-
Cash at bank and in hand54/58€5,140€41,879€52,166▲ 24.6%
Deferred charges and accrued income490/1€94€395€80▼ 79.7%
Equity and liabilities
Total equity and liabilities10/49€152,450€172,239€207,926▲ 20.7%
Equity10/15-€4,539€34,129€84,884▲ 149%
Contributions10/11€5,000€5,000€5,000=
Reserves13-€29,129€79,884▲ 174%
Distributable reserves133-€29,129€79,884▲ 174%
Profit (loss) carried forward14-€9,539---
Amounts payable17/49€156,988€138,109€123,042▼ 10.9%
Amounts payable after more than one year17€88,281€74,304€60,119▼ 19.1%
Financial debts170/4€88,281€74,304€60,119▼ 19.1%
Amounts payable within one year42/48€68,708€63,805€62,923▼ 1.4%
Current portion of amounts payable after more than one year42€13,771€13,977€14,186▲ 1.5%
Trade debts44€8,832€5,582€4,782▼ 14.3%
Suppliers440/4€8,832€5,582€4,782▼ 14.3%
Taxes, remuneration and social security45€2,427€9,456€16,901▲ 78.7%
Taxes450/3€2,427€8,056€15,700▲ 94.9%
Remuneration and social security454/9-€1,400€1,201▼ 14.2%
Other amounts payable47/48€43,678€34,790€27,055▼ 22.2%
Accrued charges and deferred income492/3€0€0€0-
Line202220232024Change
Profit (loss) for the period9904-€9,539€38,668€50,755▲ 31.3%
+ Depreciation and write-downs630€16,372€12,693€12,704▲ 0.1%
Operating cash flow (approximation)€6,834€51,361€63,459▲ 23.6%
Investment in fixed assets (approximation)--€895-€3,778▼ 322%
Change in cash-€36,739€10,287▼ 72.0%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
29-08
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial Highest result since 2022net €50,755 ▲31.3%
Operating result €68,530, net result €50,755, both a record.
21-06
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial Back to profitnet €38,668
Net result €38,668 after one loss-making year.
27-06
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
1 act for this company is 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, Heusden-Zolder · 1 establishment unit since 2021
seat establishment The establishment unit on the map
Ground area
1,565 m²
Building footprint
189 m²
Volume, LiDAR
1,356 m³
Parcel 71065F0222/00D005, Flanders · tallest building 9.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ZIEN
Meylandtlaan 106, 3550 Heusden-ZolderOther manufacturing
since 20212.316.205.887
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
71065F0222/00D005 Flanders 1,565 m² 1 · 189 m² 9.2 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.

Public money · subsidies and aid

Flemish government

2022 to 2024 · 2 entries · 750 EUR awarded · 750 EUR paid
Year Entries awardedpaid
2024 1 450 EUR450 EUR
2022 1 300 EUR300 EUR
Schemes
2 entries · 750 EUR · 750 EUR paid · Fonds voor Innoveren en Ondernemen

Similar companies · same sector, comparable size

Of 1,733 companies in sector 47742 we hold annual accounts for 1,139. 993 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
Founded13-04-2021
Fiscal year end31-12
Activities, NACEBEL 2025
47742Retail sale of prescription glasses, lenses and sunglasses
E-invoicing
Reachable via Peppol
Peppol ID 0208:0766647121
Also 9925:BE0766647121
Registered 03-01-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.