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ZenCat

Active
Private limited company·Vermogensbeheer· 5 yrs active
Steenweg 233A ·9810 Nazareth-De Pinte, Belgium
KBO/BCE: BE 0756.726.395
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Age5 yrs

Summary

Conclusion

the dossier summarised in one paragraph

ZenCat is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €592k and a net result of €444k. Equity is growing by ~22.4% per year across the filed fiscal years. Its solvency ranks better than 95% of 87 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 5 annual accounts.

Signals

3 signals · with evidence
Strong solvency vs sector
Solvency is in the sector's strongest quartile: better than 95% of 87 peers (2025). A comfortable equity buffer.
View the sector comparison
Consistently profitable
Positive net result in the two most recent financial years (2024 and 2025).
View the result trend
Growing equity
Equity grew over 2023-2025. Profits are largely retained rather than distributed.
View the equity trend

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Trust signals

2 signals
More than 3 years active
Founded in 2020, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No administrative flags

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

This is a financial institution (bank, insurer or financial holding). Our bankruptcy model is trained on ordinary trading and manufacturing companies; a bank balance sheet falls outside that scope. We therefore show no bankruptcy probability rather than a misleading figure.

Financials

Equity€592k+300.9%
Net result€444k+428.4%
Total assets€609k-1.6%
Solvency97.2%+73.3pp

Annual accounts & ratios

Source: NBB · 2025
Annual accounts filed on 30-10-2025 with the NBB · fiscal year 2025 · verkort
€0€200k€400kRevenue 2021: €113k€113kOperating result 2021: €651€651Net result 2021: €476€476Operating result 2022: €2k€2kNet result 2022: €54€54Operating result 2023: €34k€34kNet result 2023: €19k€19kOperating result 2024: €101k€101kNet result 2024: €84k€84kOperating result 2025: €61k€61kNet result 2025: €444k€444k20212022202320242025
RevenueOperating resultNet result
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing Equity: growth of ~22.4%/year over 5 fiscal years, indicative, assuming unchanged policy.
€0€200k€400k€600k2026: €225k (€178k - €273k)2027: €276k (€228k - €323k)2028: €337k (€290k - €385k)2021: €100k2022: €101k2023: €120k2024: €148k2025: €592k20212022202320242025202620272028
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison
Fiscal year 2025 · NACE 66 · compared within the same schema type (abbreviated schema)
Metric This company Sector median Position in the sector
Solvency 97.2% 21.8%
better than 95% of 87 sector peers
Net result €444k €84k
better than 82% of 87 sector peers
Equity €592k €116k
better than 78% of 87 sector peers
Gross operating margin €62k €428k
better than 20% of 87 sector peers
Employees (FTE) 0.0 5.6
better than 8% of 62 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Sector position over time
Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).
Solvency P95
2022: P36 · n=1492023: P43 · n=1842024: P53 · n=2272025: P95 · n=872022 2025
Improving position over 2022-2025 · n=87-227
Net result P82
2022: P25 · n=1492023: P28 · n=1842024: P55 · n=2272025: P82 · n=872022 2025
Improving position over 2022-2025 · n=87-227
Equity P78
2022: P35 · n=1492023: P45 · n=1842024: P52 · n=2272025: P78 · n=872022 2025
Improving position over 2022-2025 · n=87-227
Gross operating margin P20
2022: P13 · n=1492023: P16 · n=1852024: P29 · n=2262025: P20 · n=872022 2025
Stable position over 2022-2025 · n=87-226
Describes the position versus peers, not a forecast.
Net profit
€444k
+428.4% far above sector median
Total assets
€609k
-1.6% -70% vs sector
Equity
€592k
+300.9% -47% vs sector
Employees (FTE)
0
- 21-25
Income taxes
€17k
+71.0% -3% vs sector
Dividends
€0
- -100% vs sector
Debt
€17k
-96.3% -97% vs sector
Debt ≤ 1y
€17k
-96.3% -93% vs sector
Debt > 1y
€0
-100.0% -100% vs sector
Solvency
97.2%
+307.5% +44% vs sector
ROE
75.1%
+31.8% far above sector median
ROA
72.9%
+437.0% far above sector median
Figures by fiscal year
Fiscal year2025
Revenuen/a
EBITDAn/a
Net profit€444k
Cash flown/a
Staff costs-
Income taxes€17k
Dividends-
Total assets€609k
Equity€592k
Debt€17k
of which ≤ 1y€17k
of which > 1y-
Working capitaln/a
Employees (FTE)0.0
Ratios (computed)
2025
Current ration/a
Quick ration/a
Working capital ration/a
Solvency97.2%
Debt / equityn/a
Long-term debt ration/a
Interest coveragen/a
Gross marginn/a
Net marginn/a
ROA72.9%
ROE75.1%
EBITDA marginn/a
Days sales outstandingn/a
Days payable outstandingn/a
Inventory turnovern/a
Days inventory (DSI)n/a
Balance-sheet composition 2025
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2025
Balance sheet, Assets
TOTAL ASSETS 20/58€609k
Fixed assets 21/28€500k
Financial fixed assets 28€500k
Current assets 29/58€109k
Amounts receivable within one year 40/41€40k
Cash & bank 54/58€69k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€609k
Equity 10/15€592k
Contributions / capital 10/11€100k
Reserves 13€492k
Accumulated profits (losses) 14€0
Amounts payable 17/49€17k
Amounts payable within one year 42/48€17k
Trade debts payable within one year 44€286
Income statement
Gross operating margin 9900€62k
Operating result 9901€61k
Financial income 75€400k
Financial charges 65€39
Result before taxes 9903€461k
Income taxes 67/77€17k
Net result for the period 9904€444k
Result to be appropriated 9905€444k
You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.

Health barometer

FY 2025 · computed
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here.

Structure & network

Locations & real estate

Establishment units

1 location
ZENCAT
Steenweg 233A, 9810 Nazareth-De PinteHoldings
since 20202.308.763.217
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area1,566 m²
Buildings1
Building footprint509 m²
Volume (LiDAR)3,090 m³
Tallest building10.5 m · ±2 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
44018B0319/00T000 Flanders 1,566 m² 1 · 509 m² 10.5 m · 2 fl.
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgisch Staatsblad · acts

1 acts
All acts · 1 updated 1 year ago
2025
13-02-2025 1 director appointed, 1 resigning Director changes
  • Bouckaert Valérie, Vaste vertegenwoordiger
  • Dierickx Jan, Vaste vertegenwoordiger

Analysis

Snowflake analysis

financial profile on 5 axes
Health-Profitability100Solvency100Growth78Stability94
93 / 100

Strong profile, led by profitability.

Computed on 4 of 5 axes. Not measured: health. An unmeasured axis is not a zero: no data was read for it.

Health -
Profitability 100
Solvency 100
Growth 78
Stability 94

Ask AI about this company

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AI due-diligence brief

Checked AI

Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.

Coming soon
The brief is drafted by our AI model at Anthropic in the US, from this dossier's public data. Nothing that identifies you is sent along and we do not keep the brief. Indicative, not legal or investment advice. How it works

Credit advice

verdict per customer and amount

Should this customer buy amount X on invoice? Enter the amount and payment terms, you get an instant GREEN/AMBER/RED verdict, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.

Similar

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Company registry

Company registry (CBE)

Crossroads Bank
Activities
Vermogensbeheer66300Vermogensbeheer66300Holdings64200Activiteiten van holdings64210
Primary activity highlighted.
Names & trade names
Legal nameNL ZenCat
Registered office
Steenweg 233A
9810 Nazareth-De Pinte, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.