ZzenN
ActiveSummary
The annual accounts of ZzenN for fiscal year 2024 show a net loss of 118% of total assets and of 56% of the equity at the start of that year. The 2024 annual accounts show equity of €9k and a net result of €-12k. Equity remains stable across the filed fiscal years (±1.7% per year). Its solvency ranks better than 90% of 201 sector peers (fiscal year 2024). The company has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
59
/ 100
Fair
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0=
Solvency100=
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity ample (current ratio 10.12 against 9.03 in 2023; short-term debt: 5.6% and cash: 11.7% of total assets), and 5.6% of the assets are financed with debt.
Credit check 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 2024Solvency, return and age of the figures
Solvency
94.4%
Return on assets
-118.3%
Age of the figures
21 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 60
Relative position
BE, all sectors
reference
Programming, broadcasting, news agency and other content distribution activities (NACE 60)
about 22% 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
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year €-12k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-09-2025, 60 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
60 d late
2023
29 d late
2022
30 d late
2021
31 d early
2020
106 d early
2019
4 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Turnover
€26k
EBIT margin
-4.8%
Net result
€-12k▲ 26.3%
2023 · €-16k
Working capital
€5k▼ 65.1%
2023 · €15k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover
Operating result€7k▼ 38.6%€40k▲ 510%€-11k€-16k▼ 40.3%€-11k▲ 32.0%
Net result€5k▼ 56.8%€26k▲ 464%€-11k€-16k▼ 40.3%€-12k▲ 26.3%
EBIT margin
Equity€23k▲ 0.3%€49k▲ 113%€37k▼ 23.5%€21k▼ 43.0%€9k▼ 55.6%
Total assets€35k▼ 35.7%€65k▲ 86.1%€39k▼ 39.1%€23k▼ 41.5%€10k▼ 56.7%
Debt€12k▼ 62.0%€16k▲ 34.8%€2k▼ 86.5%€2k▼ 16.2%€560▼ 69.2%
Working capital€23k▼ 6.5%€21k▼ 7.7%€30k▲ 41.4%€15k▼ 51.0%€5k▼ 65.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €11k in 2024 against €16k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €10k
Fixed assets
€4k ▼ 34.7%
Current assets
€6k ▼ 65.5%
Equity and liabilities €10k
Equity
€9k ▼ 55.6%
Debt
€560 ▼ 69.2%
Debt's share of the balance-sheet total falls from 7.9% to 5.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-8k▲
2023 · €-14k
Cash flow
€-10k▲
2023 · €-14k
Current ratio
10.12▲
2023 · 9.03
Quick ratio
7.68▼
2023 · 8.28
Debt to equity
0.06▼
2023 · 0.09
ROE
-125.3%▼
2023 · -75.5%
ROA
-118.3%▼
2023 · -69.5%
Interest coverage
-30.37▲
2023 · -86.94
Debt ≤ 1 year
€560▼
2023 · €2k
Income taxes
€873▲
2023 · €164
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €1k | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €684 | €4k | €2k | €2k | €2k | ▲ 6.6% |
| Other operating charges640/8 | - | €348 | €13 | €732 | €387 | ▼ 47.1% |
| Non-recurring operating charges66A | - | - | €6k | - | - | - |
| Gross operating margin9900 | €8k | €44k | €-3k | €-13k | €-8k | ▲ 37.6% |
| Operating profit (loss)9901 | €7k | €40k | €-11k | €-16k | €-11k | ▲ 32.0% |
| Financial income75/76B | - | - | €34 | €4 | €26 | ▲ 649% |
| Recurring financial income75 | - | - | €34 | €4 | €26 | ▲ 649% |
| Financial charges65/66B | - | €99 | €259 | €156 | €276 | ▲ 77.1% |
| Recurring financial charges65 | €98 | €99 | €259 | €156 | €276 | ▲ 77.1% |
| Profit (loss) for the period before taxes9903 | €7k | €40k | €-11k | €-16k | €-11k | ▲ 31.1% |
| Income taxes67/77 | €2k | €14k | - | €164 | €873 | ▲ 431% |
| Profit (loss) for the period9904 | €5k | €26k | €-11k | €-16k | €-12k | ▲ 26.3% |
| Profit (loss) for the period to be appropriated9905 | €5k | €26k | €-11k | €-16k | €-12k | ▲ 26.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €35k | €65k | €39k | €23k | €10k | ▼ 56.7% |
| Fixed assets21/28 | €715 | €28k | €7k | €7k | €4k | ▼ 34.7% |
| Tangible fixed assets22/27 | €715 | €28k | €7k | €7k | €4k | ▼ 34.7% |
| Furniture and vehicles24 | - | €24k | €4k | €3k | €965 | ▼ 70.4% |
| Assets under construction and advance payments27 | - | €3k | €3k | €3k | €3k | = |
| Current assets29/58 | €34k | €37k | €32k | €16k | €6k | ▼ 65.5% |
| Stocks and contracts in progress3 | - | - | €1k | €1k | €1k | = |
| Stocks30/36 | - | - | €1k | €1k | €1k | = |
| Amounts receivable within one year40/41 | €5k | €3k | €15k | €2k | €3k | ▲ 80.2% |
| Trade receivables40 | - | €3k | €15k | €177 | €2k | ▲ 1,238% |
| Other amounts receivable41 | - | €2 | €112 | €1k | €413 | ▼ 69.8% |
| Cash at bank and in hand54/58 | €29k | €34k | €15k | €13k | €1k | ▼ 91.0% |
| Deferred charges and accrued income490/1 | - | €557 | €517 | €541 | €351 | ▼ 35.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €35k | €65k | €39k | €23k | €10k | ▼ 56.7% |
| Equity10/15 | €23k | €49k | €37k | €21k | €9k | ▼ 55.6% |
| Contributions10/11 | €20k | €20k | €20k | €20k | €20k | = |
| Reserves13 | €1k | €26k | €26k | €26k | €26k | = |
| Non-distributable reserves130/1 | - | €1k | €1k | €1k | €1k | = |
| Reserves not available under the articles1311 | - | €1k | €1k | €1k | €1k | = |
| Distributable reserves133 | - | €25k | €25k | €25k | €25k | = |
| Profit (loss) carried forward14 | €2k | €3k | €-9k | €-25k | €-37k | ▼ 47.7% |
| Amounts payable17/49 | €12k | €16k | €2k | €2k | €560 | ▼ 69.2% |
| Amounts payable within one year42/48 | €11k | €16k | €2k | €2k | €560 | ▼ 69.2% |
| Financial debts43 | - | - | €416 | - | - | - |
| Credit institutions430/8 | - | - | €416 | - | - | - |
| Trade debts44 | €127 | €2k | €1k | €2k | €405 | ▼ 75.3% |
| Suppliers440/4 | - | €2k | €1k | €2k | €405 | ▼ 75.3% |
| Taxes, remuneration and social security45 | - | €14k | - | €180 | €155 | ▼ 13.8% |
| Taxes450/3 | - | €14k | - | €180 | €155 | ▼ 13.8% |
| Other amounts payable47/48 | - | €20 | €371 | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5k | €26k | €-11k | €-16k | €-12k | ▲ 26.3% |
| + Depreciation and write-downs630 | €684 | €4k | €2k | €2k | €2k | ▲ 6.6% |
| Operating cash flow (approximation) | €5k | €30k | €-9k | €-14k | €-10k | ▲ 31.4% |
| Investment in fixed assets (approximation) | - | €-31k | €18k | €-1k | €0 | ▲ 100% |
| Change in cash | - | €4k | €-18k | €-2k | €-12k | ▼ 374% |
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
2025
29-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 60 days late
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-12
Financial
Weakest financial yearnet €-16k
Net result drops to €-16k, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
31-12
Financial
Liquidity times 6current ratio 14.72
Current ratio from 2.31 to 14.72; short-term debt falls from €16k to €2k.
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €26k ▲464%
Operating result €40k, net result €26k, both a record.
16-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
04-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 4 days late
2019
31-12
Financial
Back to profitnet €11k
Net result €11k after one loss-making year.
12-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 12 days late
2018
08-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
03-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 3 days late
2016
12-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 acts for this company are 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, Mont-Saint-Guibert · 1 establishment unit since 2012
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.
Rue du Fond Cattelain 21435 Mont-Saint-Guibert1 establishment unit
Rue du Fond Cattelain 2, 1435 Mont-Saint-Guibert
since 20122.207.167.791
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Of 332 companies in sector 60100 we hold annual accounts for 79. 36 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
Founded09-02-2012
Fiscal year end31-12
Abbreviation FR
H2O-Watt
Activities, NACEBEL 2025
60100Programming, broadcasting, news agency and other content distribution activities
70200Business and other management consultancy
82990Other business support services
Contact
E-mail
etienne.baffrey@gmail.com
Phone
+32475960095
E-mail
pierre.motyl@gmail.comMont-Saint-Guibert
Phone
0032475546998Mont-Saint-Guibert
Scores and ratios are computed by Checked and are not a credit decision.