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ZSN Partners

Active
Private limited companyfounded 1995active for 31 yearsKonijnenberg 48, 2180 Antwerpen, BelgiumKBO/BCE: BE 0455.998.483
Summary

ZSN Partners has been active since 1995 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €272,243 and a net result of -€39,033. Equity is growing by about 7.5% per year across the filed financial years. Its solvency ranks better than 33% of 39,121 sector peers (NACE 70, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Risk analysisFollow ReportCompare
ZSN PartnersActiveChecked score 85/100
Risk analysis ReportCompare

Overview

Activity
Business and other management consultancy
NACE 70200
1 site
Size
€800,542total assets 2025
Equity
€272,243
Loss
-€39,033
Turnover not published (micro format)
Financial health
85 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.2%
Structure
Holdings
1
Accounts filed 31 days late3 of 5 deeds read
Why 85raises riskLatest accounts 31 days late; 1 of the last 3 lateLoss of €39,033 (financial year 2025)lowers riskSize: total assets €800,542Sector: Activities of head offices; management consultancy activities (NACE 70)Show the evidence

Checked score

Score 2025
85 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 29% of its sector peers (NACE 70, micro)
Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Weak
Solvency 59-2
equity 34.0% of total assets
Liquidity 54-15
short-term debt 9.0% · cash 3.3%
Profitability 13-87
return on assets -4.9%
Bankruptcy probability, 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%

About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (48,416 companies, NACE 70, micro)
Last 24 months 11-2024: 0.6% 12-2024: 0.6%● unchanged vs 11-2024 01-2025: 0.8%▲ +0.2 percentage points vs 12-2024 02-2025: 1.2%▲ +0.4 percentage points vs 01-2025 03-2025: 1.6%▲ +0.4 percentage points vs 02-2025 04-2025: 2.6%▲ +1.0 percentage point vs 03-2025 05-2025: 2.8%▲ +0.2 percentage points vs 04-2025 06-2025: 3.2%▲ +0.4 percentage points vs 05-2025 07-2025: 4.0%▲ +0.8 percentage points vs 06-2025highest value 08-2025: 4.0%● unchanged vs 07-2025highest value 09-2025: 0.1%▼ -3.9 percentage points vs 08-2025 10-2025: 0.1%● unchanged vs 09-2025 11-2025: 0.1%● unchanged vs 10-2025 12-2025: < 0.1%▼ -0.1 percentage points vs 11-2025lowest value 01-2026: < 0.1%● unchanged vs 12-2025lowest value 02-2026: < 0.1%● unchanged vs 01-2026 03-2026: < 0.1%● unchanged vs 02-2026 04-2026: < 0.1%● unchanged vs 03-2026 05-2026: < 0.1%● unchanged vs 04-2026 06-2026: < 0.1%● unchanged vs 05-2026 07-2026: < 0.1%● unchanged vs 06-2026 08-2026: 0.1%▲ +0.1 percentage points vs 07-2026 09-2026: 0.2%▲ +0.1 percentage points vs 08-2026 10-2026: 0.2%● unchanged vs 09-2026
Credit of up to €23,000 on 30-day terms is acceptable
Liquidity tight (current ratio 1.32, compared with 2.02 in 2024, below the usual 1.5; short-term debt: 9% and cash: 3.3% of total assets), and 66% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 70, micro): better than 33% on solvency, 44% on liquidity, 11% on profitability and 26% on growth.

The bankruptcy probability was computed on 23-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
lowers riskraises riskneutral
lowers risk · Size: total assets €800,542
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
raises risk · Latest accounts 31 days late; 1 of the last 3 late
NBB · filings
raises risk · Loss of €39,033 (financial year 2025)
NBB · annual accounts
lowers risk · Sector: Activities of head offices; management consultancy activities (NACE 70)
KBO
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filings
Deviation from the deadline
2025
31 days late
2024
29 days late
2023
on the day
2022
11 days early
2021
4 days early
2020
12 days late
2019
on the day
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 8 days after the deadline; the sector median (NACE 70) for financial year 2024 is 9 days before the deadline, and 32% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven months
Where today falls in the filing period
24-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Appointment: Steph Nauwelaerts (director)Gazette deed
  2. Annual accounts filedfinancial year 2025 · micro…
  3. Weakest financial yearnet -€39,033

Key points

  • Caution: From profit to loss in 2025after €282,757 in 2024 -€39,033 View
  • Caution: Among the weakest 5% on net resultsector median €27,255 · 39,137 companies -€39,033 View
  • New directorlatest change 20-08-2026 · 2 in office 1 joined View

By topic

Financials

Financial year
2025
Total assets
€800,542
Loss
-€39,033
Solvency
34.0%
Total assets▼ 8.3%
Net result
20192025
Go to Financials

Board & ownership

Board
2 members
  • NAUWELAERTS Johnny Jean PierreDirector
  • Steph NauwelaertsDirector
Go to Board & ownership

Timeline

Events
36
Since
1997
Next accounts
by 31-07-2027
  1. 29-08-2025Annual accounts filed
  2. 31-12-2024Back to profit
  3. 31-12-2024Liquidity times 5
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Business and other management consultancyNACE 70200
Founded
19-09-1995
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Key facts about ZSN Partners

What is the company number of ZSN Partners?
0455.998.483. In Belgium the VAT number is the company number with BE in front: BE 0455.998.483.
Where is ZSN Partners based?
The registered office is at Konijnenberg 48, 2180 Antwerpen.Company details
What does ZSN Partners do?
According to the KBO register, the main activity is business and other management consultancy (NACE 70200).
What is the legal form of ZSN Partners?
Private limited company (BV).
When was ZSN Partners founded?
On 19-09-1995.
Is ZSN Partners still active?
Yes, ZSN Partners is an active enterprise in the KBO register.
How many employees does ZSN Partners have?
On average 0.4 full-time equivalents in financial year 2020, according to the filed annual accounts.Financials
What is the turnover of ZSN Partners?
Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.
Is ZSN Partners profitable?
In financial year 2025, ZSN Partners made a loss of €39,033.
Where can I find the annual accounts of ZSN Partners?
ZSN Partners filed 29 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of ZSN Partners due?
By 31-07-2027, for financial year 2026.Timeline

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