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ZEN

Active
Private limited companyfounded 2013active for 13 yearsDe Nachtegaal 5, 2970 Schilde, BelgiumKBO/BCE: BE 0521.996.194
Summary

ZEN has been active since 2013 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €452,304 and a net result of -€75,522. Equity is shrinking by about 2.9% per year across the filed financial years. Its solvency ranks better than 70% of 1,078 sector peers (NACE 93, financial year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).

Overview

Activity
Other amusement and recreation activities
NACE 93299
4th largest company by equity in Schilde, Arts, sports and recreation sector1 site
Size
€843,141total assets 2025
Equity
€452,304
Loss
-€75,522
Turnover not published (abbreviated or micro format)
Financial health
84 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.4%
Structure
Accounts filed 17 days late0 of 4 deeds read
Why 84raises riskLoss of €75,522 (financial year 2025)Latest accounts 17 days late; 1 of the last 3 latelowers riskSize: total assets €843,141Sector: Sports, amusement and recreation activities (NACE 93)Show the evidence

Checked score

Score 2025
84 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 45% of its sector peers (NACE 93, micro)
Financial strength · tick = 2024
Average
Solvency 79+3
equity 53.6% of total assets
Liquidity 60-35
short-term debt 6.6% · cash 7.8%
Profitability 8-45
return on assets -9.0%
Bankruptcy probability, 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%

About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (4,253 companies, NACE 93, micro)
Last 24 months 11-2024: 0.2% 12-2024: 0.2%● unchanged vs 11-2024 01-2025: 0.2%● unchanged vs 12-2024 02-2025: 0.2%● unchanged vs 01-2025 03-2025: 0.2%● unchanged vs 02-2025 04-2025: 0.2%● unchanged vs 03-2025 05-2025: 0.2%● unchanged vs 04-2025 06-2025: 0.2%● unchanged vs 05-2025 07-2025: 0.3%▲ +0.1 percentage points vs 06-2025 08-2025: 0.4%▲ +0.1 percentage points vs 07-2025highest value 09-2025: < 0.1%▼ -0.4 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%● unchanged vs 11-2025 01-2026: < 0.1%● unchanged vs 12-2025 02-2026: < 0.1%● unchanged vs 01-2026 03-2026: < 0.1%● unchanged vs 02-2026 04-2026: < 0.1%● unchanged vs 03-2026lowest value 05-2026: < 0.1%● unchanged vs 04-2026 06-2026: < 0.1%● unchanged vs 05-2026 07-2026: 0.1%▲ +0.1 percentage points vs 06-2026 08-2026: 0.1%● unchanged vs 07-2026 09-2026: 0.4%▲ +0.3 percentage points vs 08-2026 10-2026: 0.4%● unchanged vs 09-2026
Credit of up to €35,000 on 30-day terms is acceptable
Liquidity ample (current ratio 8.97, compared with 5.01 in 2024; short-term debt: 6.6% and cash: 7.8% of total assets), and 46.4% 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 93, micro): better than 69% on solvency, 65% on liquidity, 18% on profitability and 27% on growth.

The bankruptcy probability was computed on 11-10-2026 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
raises risk · Loss of €75,522 (financial year 2025)
NBB · annual accounts
lowers risk · Size: total assets €843,141
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 17 days late; 1 of the last 3 late
NBB · filings
lowers risk · Sector: Sports, amusement and recreation activities (NACE 93)
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 17-08-2026, 17 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
17 days late
2024
20 days late
2023
56 days late
2022
12 days early
2021
30 days late
2020
2 days early
2019
24 days late
← 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 19 days after the deadline; the sector median (NACE 93) for financial year 2024 is 1 day before the deadline, and 42% 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. The company usually files around 20 August (4 of the last 5 filed years within 32 days of that day).
Companies Code · seven months
Where today falls in the filing period
12-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · abbreviated…
  2. Weakest financial yearnet -€75,522
  3. Annual accounts filedfinancial year 2024 · micro…

Key points

  • Caution: From profit to loss in 2025after €7,474 in 2024 -€75,522 View
  • Caution: Among the weakest 12% on net resultsector median €11,705 · 1,078 companies -€75,522 View
  • Total assets 20256 financial years filed €843,141 View

By topic

Financials

Financial year
2025
Total assets
€843,141
Loss
-€75,522
Solvency
53.6%
Total assets▼ 19.0%
Net result
20182025
Go to Financials

Timeline

Events
17
Since
2014
Next accounts
by 31-07-2027
  1. 31-12-2024Back to profit
  2. 31-12-2024Liquidity more than quadruples
  3. 31-12-2024Equity above €500,000
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Other amusement and recreation activitiesNACE 93299
Founded
06-03-2013
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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