ZWENK
ActiveZWENK has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2021 annual accounts show negative equity (€-69k) and a net result of €-4k. Equity is shrinking by ~4.7% per year across the filed fiscal years. Its solvency ranks better than 9% of 1861 sector peers (fiscal year 2021). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2021
0
/ 100
Critical▼ -8 vs 2020
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2020
Profitability32▲+32
Solvency33▲+33
Growth58=
Stability100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.01 against 0.16 in 2020), and equity is negative.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2021Solvency, return and age of the figures
Solvency
-64.2%
Return on assets
-4.1%
Age of the figures
56 mo
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
Sector 90
lower
← 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
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2022, 4 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2022 close31-07-2023 deadline14-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 14-06-2023, 318 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
318 d late
2020
31 d late
2019
92 d late
← before the deadline
after the deadline →
Financials · fiscal year 2021, micro schema
Equity
€-69k▼ 6.7%
2020 · €-65k
2018: €-59k
2019: €-69k
2020: €-65k
2018 → 2021
Total assets
€107k▲ 117%
2020 · €50k
2018: €38k
2019: €35k
2020: €50k
2018 → 2021
Net result
€-4k
2020 · €5k
2018: €-13k
2019: €-11k
2020: €5k
2018 → 2021
Working capital
€-174k▼ 92.2%
2020 · €-91k
2018: €-95k
2019: €-100k
2020: €-91k
2018 → 2021
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2018201920202021Trend
Equity€-59k-€-69k▼ 17.9%€-65k▲ 6.7%€-69k▼ 6.7%
Operating result€-13k-€-11k▲ 17.9%€5k€-4k
Net result€-13k-€-11k▲ 22.1%€5k€-4k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2021: a loss of €4k after €5k in 2020.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €107k
Fixed assets
€105k▲ 232%
Current assets
€2k▼ 88.9%
Key figures and ratios
EBITDA
€-140▼
2020 · €8k
Cash flow
€-226▼
2020 · €8k
Solvency
-64.2%▲
2020 · -130.5%
Current ratio
0.01▼
2020 · 0.16
Quick ratio
0.01▼
2020 · 0.16
Debt / equity
-2.56
ROE
6.3%▲
2020 · -7.2%
ROA
-4.1%▼
2020 · 9.4%
Interest coverage
-1.63
Debt
€176k▲
2020 · €114k
Debt ≤ 1 year
€176k▲
2020 · €108k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2021 against 2020
Balance sheet
Code20202021
Assets
Total assets20/58€50k€107k▲
Fixed assets21/28€32k€105k▲
Tangible fixed assets22/27€32k€105k▲
Land and buildings22-€105k
Furniture and vehicles24-€223
Financial fixed assets28€149€149=
Current assets29/58€18k€2k▼
Amounts receivable within one year40/41€3k€827▼
Trade receivables40-€51
Other amounts receivable41-€776
Cash at bank and in hand54/58€15k€776▼
Deferred charges and accrued income490/1-€371
Equity and liabilities
Total equity and liabilities10/49€50k€107k▲
Equity10/15€-65k€-69k▼
Contributions10/11-€19k
Reserves13€444€444=
Non-distributable reserves130/1-€444
Reserves not available under the articles1311-€444
Profit (loss) carried forward14€-84k€-88k▼
Amounts payable17/49€114k€176k▲
Amounts payable within one year42/48€108k€176k▲
Trade debts44€4k€12k▲
Suppliers440/4-€12k
Other amounts payable47/48-€164k
Accrued charges and deferred income492/3-€365
Income statement
Code20202021
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€4k▲
Other operating charges640/8-€468
Gross operating margin9900€9k€327▼
Operating profit (loss)9901€5k€-4k▼
Financial income75/76B-€1
Recurring financial income75€2€1▼
Financial charges65/66B-€86
Recurring financial charges65€126€86▼
Profit (loss) for the period before taxes9903€5k€-4k▼
Profit (loss) for the period9904€5k€-4k▼
Profit (loss) for the period to be appropriated9905€5k€-4k▼
Appropriation of the result
Profit (loss) to be appropriated9906-€-88k
Profit (loss) brought forward from the previous period14P-€-84k
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2023
14-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 318 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Back to profitnet €5k
Net result €5k after 2 loss-making years.
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 92 days late
2019
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 31 days late
2018
31-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 92 days late
31-10
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 457 days late
2016
01-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 32 days late
2015
30-12
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 152 days late
2014
30-09
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 61 days late
2013
30-10
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema · 91 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2026
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
20-02-2026
Resigned as Director
Location & real-estate footprint
Registered office, Gent · 1 establishment unit since 1988
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Alphonse Claeys-Bouüaertlaan 119030 GentGround area
869 m²
Building footprint
278 m²
Volume, LiDAR
1,899 m³
2 parcels, Flanders · tallest building 11.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ZWENK BVBA
since 19882.040.805.368
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44074C0262/00C002 | Flanders | 747 m² | 1 · 190 m² | 9.9 m · 2 fl. |
| 44038A0825/00W002 | Flanders | 122 m² | 1 · 88 m² | 11.0 m · 2 fl. |
Linked by address, not proof of ownership
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.
Similar companies · same sector and region
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it was a storm
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TWIJFEL
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We hold no filed accounts for this company, so a size comparison is not possible. These companies share only the sector and the region. Of 8,290 companies in sector 90201 we hold annual accounts for 602.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded21-10-1988
Fiscal year end31-12
Activities, NACEBEL
74142
90201Performing arts by independent artists
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 33 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.