ZINNEKE
ActiveSummary
ZINNEKE has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.2m and a net result of €112,463. Equity is growing by ~4.2% per year across the filed fiscal years. Its solvency ranks better than 92% of 234 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability83▲+2
Solvency100=
Growth61▼-1
Track record100
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13,000 at 30 days acceptable
Liquidity ample (current ratio 1.58 against 3.74 in 2024; short-term debt: 9.8% and cash: 7% of total assets), and 11.7% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
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 90
Relative position
BE, all sectors
reference
Arts creation and performing arts activities (NACE 90)
about 58% fewer 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
88.3%
Return on assets
4.6%
Age of the figures
9 mo
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 29-07-2026, 2 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
2 d early
2024
77 d early
2023
78 d early
2022
31 d late
2021
211 d late
2020
40 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 21 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 38% of the sector filed late.
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. Usually files around 29 July (4 of the last 5 filed years within 75 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Is the workforce growing, and do people stay?Employer check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Public money
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Financials · fiscal year 2025, full schema
Turnover
€137,987▼ 6.3%
2024 · €147,201
EBIT margin
80.8%▲ 39.5pp
2024 · 41.3%
Net result
€112,463▲ 95.8%
2024 · €57,426
Working capital
€140,231▼ 54.2%
2024 · €306,265
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 90, Arts creation and performing arts activities, 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
Line20212022202320242025
Turnover€13,694▼ 72.7%€67,852▲ 395%€57,447▼ 15.3%€147,201▲ 156%€137,987▼ 6.3%
Operating result-€1,203-€22,052▼ 1,733%€78,331€60,785▼ 22.4%€111,434▲ 83.3%
Net result-€18,872below the sector's middle half▼ 160%-€54,706below the sector's middle half▼ 190%€72,979within the sector's middle half€57,426within the sector's middle half▼ 21.3%€112,463above the sector's middle half▲ 95.8%
EBIT margin-8.8%▼ 42.1pp-32.5%▼ 23.7pp136.4%▲ 168.9pp41.3%▼ 95.1pp80.8%▲ 39.5pp
Equity€2.6mabove the sector's middle half▲ 5.1%€2.3mabove the sector's middle half▼ 10.5%€2.2mabove the sector's middle half▼ 5.8%€2.0mabove the sector's middle half▼ 6.5%€2.2mabove the sector's middle half▲ 5.5%
Total assets€3.5mabove the sector's middle half▼ 17.7%€2.9mabove the sector's middle half▼ 17.6%€2.7mabove the sector's middle half▼ 3.9%€2.5mabove the sector's middle half▼ 9.3%€2.4mabove the sector's middle half▼ 1.9%
Debt€858,358▼ 51.0%€481,395▼ 43.9%€554,091▲ 15.1%€440,650▼ 20.5%€278,303▼ 36.8%
Working capital€5,791below the sector's middle half-€107,552below the sector's middle half€201,915within the sector's middle half€306,265within the sector's middle half▲ 51.7%€140,231within the sector's middle half▼ 54.2%
Solvency74.7%above the sector's middle half▲ 16.2pp81.1%above the sector's middle half▲ 6.4pp79.5%above the sector's middle half▼ 1.6pp82.1%above the sector's middle half▲ 2.5pp88.3%above the sector's middle half▲ 6.2pp
Current ratio1.01below the sector's middle half▲ 0.010.77below the sector's middle half▼ 0.241.77within the sector's middle half▲ 1.003.74within the sector's middle half▲ 1.971.58within the sector's middle half▼ 2.16
Return on assets (ROA)-0.5%within the sector's middle half▼ 0.4pp-1.9%within the sector's middle half▼ 1.4pp2.7%within the sector's middle half▲ 4.6pp2.3%within the sector's middle half▼ 0.4pp4.6%within the sector's middle half▲ 2.3pp
Staff (FTE)15within the sector's middle half▼ 22.3%13.6within the sector's middle half▼ 9.3%11.1within the sector's middle half▼ 18.4%12.8within the sector's middle half▲ 15.3%10within the sector's middle half▼ 21.9%
above
within
below
the middle half (P25 to P75) of NACE 90, Arts creation and performing arts activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 83% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.4m
Fixed assets
€2.1m ▼ 0.5%
Current assets
€380,689 ▼ 8.9%
Equity and liabilities €2.4m
Equity
€2.2m ▲ 5.5%
Provisions
€7,629 ▲ 26.0%
Debt
€278,303 ▼ 36.8%
Debt's share of the balance-sheet total falls from 17.7% to 11.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€358,332▲
2024 · €289,170
Cash flow
€359,361▲
2024 · €285,811
Debt to equity
0.13▼
2024 · 0.22
ROE
5.2%▲
2024 · 2.8%
Interest coverage
91.68▲
2024 · 79.87
Debt ≤ 1 year
€240,458▲
2024 · €111,649
Staff costs
€730,962▼
2024 · €780,119
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 14,732 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 96% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.2%
went bankrupt
3.5%
stopped otherwise
96%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of < 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 14,732 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €13,694 | €67,852 | €57,447 | €147,201 | €137,987 | ▼ 6.3% |
| Goods, raw materials, services and sundry goods60/61 | €317,342 | €713,502 | €450,073 | €869,345 | €507,424 | ▼ 41.6% |
| Remuneration, social security and pensions62 | €788,726 | €669,404 | €672,289 | €780,119 | €730,962 | ▼ 6.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €232,351 | €228,951 | €231,098 | €228,385 | €246,898 | ▲ 8.1% |
| Other operating charges640/8 | - | - | €300 | - | €1,937 | - |
| Non-recurring operating charges66A | €1,799 | - | - | €859 | - | - |
| Gross operating margin9900 | €1.0m | €927,680 | €930,641 | €1.1m | €1.1m | ▲ 2.0% |
| Operating profit (loss)9901 | -€1,203 | -€22,052 | €78,331 | €60,785 | €111,434 | ▲ 83.3% |
| Financial income75/76B | €12 | - | €390 | €262 | €4,938 | ▲ 1,785% |
| Recurring financial income75 | €12 | - | €390 | €262 | €4,938 | ▲ 1,785% |
| Non-recurring financial income76B | - | - | - | - | €4,938 | - |
| Financial charges65/66B | €17,681 | €32,654 | €5,742 | €3,621 | €3,909 | ▲ 8.0% |
| Recurring financial charges65 | €17,681 | €32,654 | €5,742 | €3,621 | €3,909 | ▲ 8.0% |
| Profit (loss) for the period before taxes9903 | -€18,872 | -€54,706 | €72,979 | €57,426 | €112,463 | ▲ 95.8% |
| Profit (loss) for the period9904 | -€18,872 | -€54,706 | €72,979 | €57,426 | €112,463 | ▲ 95.8% |
| Profit (loss) for the period to be appropriated9905 | -€18,872 | -€54,706 | €72,979 | €57,426 | €112,463 | ▲ 95.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.5m | €2.9m | €2.7m | €2.5m | €2.4m | ▼ 1.9% |
| Fixed assets21/28 | €2.7m | €2.5m | €2.3m | €2.1m | €2.1m | ▼ 0.5% |
| Tangible fixed assets22/27 | €2.7m | €2.5m | €2.3m | €2.1m | €2.1m | ▼ 0.5% |
| Plant, machinery and equipment23 | €458 | - | - | - | - | - |
| Furniture and vehicles24 | €3,142 | €1,063 | €6,766 | €9,371 | €17,772 | ▲ 89.7% |
| Leasing and similar rights25 | €944 | €472 | - | - | - | - |
| Other tangible fixed assets26 | €2.7m | €2.5m | €2.3m | €2.1m | €2.0m | ▼ 0.9% |
| Financial fixed assets28 | €2,255 | €1,284 | €1,284 | €125 | €125 | = |
| Current assets29/58 | €739,445 | €360,073 | €463,300 | €417,914 | €380,689 | ▼ 8.9% |
| Amounts receivable within one year40/41 | €711,405 | €356,615 | €395,585 | €372,010 | €205,694 | ▼ 44.7% |
| Trade receivables40 | €5,239 | €30,740 | €11,449 | €4,485 | €10,406 | ▲ 132% |
| Other amounts receivable41 | €706,166 | €325,875 | €384,136 | €367,525 | €195,288 | ▼ 46.9% |
| Cash at bank and in hand54/58 | €26,243 | €1,663 | €66,204 | €42,332 | €171,035 | ▲ 304% |
| Deferred charges and accrued income490/1 | €1,798 | €1,795 | €1,511 | €3,572 | €3,960 | ▲ 10.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.5m | €2.9m | €2.7m | €2.5m | €2.4m | ▼ 1.9% |
| Equity10/15 | €2.6m | €2.3m | €2.2m | €2.0m | €2.2m | ▲ 5.5% |
| Contributions10/11 | - | €4,957 | €4,957 | €4,957 | €4,957 | = |
| Capital10 | - | €4,957 | €4,957 | €4,957 | €4,957 | = |
| Reserves13 | - | - | €13,339 | €40,000 | €112,000 | ▲ 180% |
| Profit (loss) carried forward14 | -€18,765 | -€73,471 | -€13,831 | €16,934 | €57,397 | ▲ 239% |
| Investment grants15 | €2.6m | €2.4m | €2.2m | €2.0m | €2.0m | = |
| Provisions and deferred taxes16 | €19,000 | €58,802 | €8,227 | €6,057 | €7,629 | ▲ 26.0% |
| Provisions for liabilities and charges160/5 | €19,000 | €58,802 | €8,227 | €6,057 | €7,629 | ▲ 26.0% |
| Environmental obligations163 | €19,000 | - | - | - | - | - |
| Other liabilities and charges164/5 | - | €58,802 | €8,227 | €6,057 | €7,629 | ▲ 26.0% |
| Amounts payable17/49 | €858,358 | €481,395 | €554,091 | €440,650 | €278,303 | ▼ 36.8% |
| Amounts payable within one year42/48 | €733,654 | €467,625 | €261,385 | €111,649 | €240,458 | ▲ 115% |
| Financial debts43 | €436,005 | €217,546 | - | - | - | - |
| Credit institutions430/8 | €436,005 | €217,546 | - | - | - | - |
| Trade debts44 | €177,068 | €49,101 | €178,211 | €30,544 | €154,466 | ▲ 406% |
| Suppliers440/4 | €177,068 | €49,101 | €178,211 | €30,544 | €154,466 | ▲ 406% |
| Advances received on contracts in progress46 | - | €3,000 | - | - | €8,000 | - |
| Taxes, remuneration and social security45 | €109,262 | €173,567 | €81,925 | €81,105 | €77,991 | ▼ 3.8% |
| Taxes450/3 | €21,876 | €45,013 | €21,464 | €5,833 | - | - |
| Remuneration and social security454/9 | €87,386 | €128,554 | €60,460 | €75,272 | €77,991 | ▲ 3.6% |
| Accrued charges and deferred income492/3 | €124,705 | €13,771 | €292,706 | €329,001 | €37,845 | ▼ 88.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€18,872 | -€54,706 | €72,979 | €57,426 | €112,463 | ▲ 95.8% |
| + Depreciation and write-downs630 | €232,351 | €228,951 | €231,098 | €228,385 | €246,898 | ▲ 8.1% |
| Operating cash flow (approximation) | €213,479 | €174,245 | €304,077 | €285,811 | €359,361 | ▲ 25.7% |
| Investment in fixed assets (approximation) | - | €971 | -€16,286 | -€16,896 | -€236,297 | ▼ 1,299% |
| Change in cash | - | -€24,580 | €64,541 | -€23,872 | €128,703 | ▲ 639% |
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
2026
28-08
State Gazette act
Appointment: Jean-Philippe De Visscher (director)Resignations: Cécilia Kankonda, Eric Coryn and 2 others6 facts ▸
State Gazette act
Appointment: Jean-Philippe De Visscher (director)
Resignations: Cécilia Kankonda, Eric Coryn and 2 others6 facts ▸
- General meeting, 30-03-2026
- Director appointment, Jean-Philippe De Visscher (director)
- Director resignation, Cécilia Kankonda (director)
- Director resignation, Eric Coryn (director)
- Director resignation, Marcel Rijdams (director)
- Director resignation, Anne Vanneste (director)
29-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Highest result since 2018net €112,463 ▲95.8%
Operating result €111,434, net result €112,463, both a record.
15-05
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
15-05
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Liquidity doublescurrent ratio 3.74
Current ratio from 1.77 to 3.74; short-term debt falls from €261,385 to €111,649.
14-05
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
14-05
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Back to profitnet €72,979
Net result €72,979 after 5 loss-making years.
31-12
Financial
Liquidity doublescurrent ratio 1.77
Current ratio from 0.77 to 1.77; short-term debt falls from €467,625 to €261,385.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 31 days late
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
Show earlier events
27-02
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 211 days late
27-02
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 211 days late
2022
31-12
Financial
Weakest financial yearnet -€54,706
Net result drops to -€54,706, the lowest in the series; recovery starts the following year.
2021
09-09
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 40 days late
2020
31-12
Financial
Equity above €2mEq €2.5m ▲54.7%
Equity rises from €1.6m to €2.5m.
2019
31-12
Financial
Equity above €1mEq €1.6m ▲281%
Equity rises from €418,562 to €1.6m.
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.An act published in both Dutch and French appears here once.
2 of 25 acts read
About the unread acts
Of the 25 Belgian State Gazette acts we know for this company, 2 have been read. The other 23 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 director, last change in 2026
Jean-Philippe De Visscher
CurrentDirector · since 30-03-2026
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
23 of this company's 25 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Brussel · 1 establishment unit since 2000
Ground area
2,108 m²
Building footprint
121 m²
Volume, LiDAR
1,584 m³
Parcel 21813E0071/03K003, Brussels · tallest building 15.7 m, ±4 floors. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
ZINNEKE
since 20002.176.080.974
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21813E0071/03K003 | Brussels | 2,107 m² | 1 · 121 m² | 15.7 m · 4 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.
Mandate history
5 people since 2026, 1 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Jean-Philippe De Visscher |
|
| Anne Vanneste |
|
| Cécilia Kankonda |
|
| Eric Coryn |
|
| Marcel Rijdams |
|
Structure & network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
Director
Shareholding
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Public money · subsidies and aid
Flemish government
2022 to 2025 · 12 entries · 1,136,492 EUR awarded · 993,192 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 186,899 EUR | 190,140 EUR |
| 2024 | 3 | 302,521 EUR | 296,808 EUR |
| 2023 | 5 | 447,809 EUR | 334,046 EUR |
| 2022 | 2 | 199,263 EUR | 172,198 EUR |
Schemes
Wallonia-Brussels Federation
2023 to 2025 · 18 entries · 799,189 EUR in total| Year | Entries | paid |
|---|---|---|
| 2025 | 4 | 268,004 EUR |
| 2024 | 7 | 265,400 EUR |
| 2023 | 7 | 265,785 EUR |
Budget allocations
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Of 1,258 companies in sector 90399 we hold annual accounts for 200. 59 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formNon-profit association
Founded06-04-2000
Fiscal year end31-12
Activities, NACEBEL 2025
90399Other support activities for arts and performing arts
E-invoicing
Not found in the Peppol register
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Register as of 30 September 2026 · Peppol Directory
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