Checked.be
Active
BE 0878.456.150Private limited company
ZORENO
Gulden Boomkensweg 11 ·3520 Zonhoven, Belgium· 20 yrs active
Sector: Roofing work
(43410)
Conclusion
ZORENO has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €73k and a net result of €-30k. Equity is shrinking by ~8.9% per year across the filed fiscal years. Its solvency ranks better than 65% of 26547 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Based on the State Gazette, CBE and 5 annual accounts.
Key figures
| Equity | €73k |
| Net result | €-30k |
| Better than sector | 65% |
| Active | 20 yrs |
Financial profile
57
/ 100
Mixed profile: strong on stability, weaker on profitability.
All 5 axes are computed from data Checked has read.
Health
52
Profitability
0
Solvency
99
Growth
32
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Long-established
Founded in 2006, 20 years in business.
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 strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
52
/ 100
Fair
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€4k
estimate, not credit advice
Score history
86
2021
70
2022
94
2023
52
2024
52
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 2.08 (≥ 1.5)
+10
Quick ratio
Quick ratio 1.54 (≥ 1.0)
+5
Leverage
Debt/equity 0.64 (< 1.0)
+10
Profitability
Negatieve ROE -41%
-10
Interest coverage
Interest coverage -38.2× (< 1.5×)
-10
Profit trend
Net profit down YoY
-3
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 25-08-2026 with the NBB · fiscal year 2025 · micro schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
declining
Equity: declining trend of ~8.9%/year over 5 fiscal years, indicative, assuming unchanged policy.
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 43, Specialised construction activities · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 60.9% | 47.4% | |
| Net result | €-30k | €10k | |
| Equity | €73k | €60k | |
| Gross operating margin | €-14k | €39k | |
| Staff costs | €3k | €40k |
€-18k
-153.9%
21-25
€-30k
-45.1%
21-25
€-19k
-160.7%
21-25
€120k
-19.7%
21-25
€73k
-29.1%
21-25
€51k
-27.7%
21-25
0
-
21-25
€3k
+2149.9%
21-25
€908
-
21-25
€47k
+1.1%
21-25
€47k
+3.2%
21-25
2.08
-18.2%
21-25
1.54
-20.9%
21-25
60.9%
-11.6%
21-25
0.64
+42.5%
21-25
-41.0%
-104.6%
21-25
-25.0%
-80.7%
21-25
-38.21
-97.8%
21-25
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - | - |
| EBITDA | €-18k | €-7k | €17k | €18k | €24k |
| Net profit | €-30k | €-21k | €2k | €-1k | €3k |
| Cash flow | €-19k | €-7k | €16k | €17k | €23k |
| Staff costs | €3k | - | €143 | €163 | €2k |
| Income taxes | - | - | €908 | €-10 | €152 |
| Dividends | - | - | - | - | - |
| Total assets | €120k | €150k | €171k | €170k | €185k |
| Equity | €73k | €103k | €124k | €122k | €123k |
| Debt | €47k | €47k | €47k | €49k | €62k |
| of which ≤ 1y | €47k | €46k | €45k | €48k | €62k |
| of which > 1y | - | - | - | - | - |
| Working capital | €51k | €70k | €80k | €65k | €51k |
| Employees (FTE) | - | - | - | - | 0.2 |
Ratios (computed)
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Current ratio | 2.08 | 2.55 | 2.76 | 2.35 | 1.82 |
| Quick ratio | 1.54 | 1.94 | 2.09 | 1.94 | 1.76 |
| Working capital ratio | 42.3% | 47.0% | 46.7% | 38.0% | 27.4% |
| Solvency | 60.9% | 69.0% | 72.7% | 71.4% | 66.6% |
| Debt / equity | 0.64 | 0.45 | 0.38 | 0.40 | 0.50 |
| Long-term debt ratio | - | - | - | - | - |
| Interest coverage | -38.21 | -19.32 | 29.13 | 11.58 | 13.81 |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | -25.0% | -13.8% | 1.4% | -0.8% | 1.6% |
| ROE | -41.0% | -20.0% | 1.9% | -1.1% | 2.5% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Balance-sheet composition 2025
Full annual accounts (26 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €120k | €150k | €171k | €170k | €185k |
| Fixed assets | 21/28 | €22k | €34k | €46k | €58k | €73k |
| Formation expenses | 20 | €0 | - | - | - | - |
| Intangible fixed assets | 21 | €304 | €623 | €942 | €1k | €2k |
| Tangible fixed assets | 22/27 | €22k | €33k | €44k | €56k | €71k |
| Financial fixed assets | 28 | €185 | €185 | €185 | €185 | €185 |
| Current assets | 29/58 | €98k | €116k | €125k | €113k | €112k |
| Stocks & contracts in progress | 3 | €26k | €27k | €30k | €20k | €4k |
| Amounts receivable within one year | 40/41 | €62k | €85k | €89k | €87k | €56k |
| Cash & bank | 54/58 | €8k | €2k | €5k | €4k | €48k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €120k | €150k | €171k | €170k | €185k |
| Equity | 10/15 | €73k | €103k | €124k | €122k | €123k |
| Contributions / capital | 10/11 | €6k | €6k | €6k | €6k | €6k |
| Reserves | 13 | €118k | €118k | €118k | €116k | €82k |
| Accumulated profits (losses) | 14 | €-51k | €-21k | - | - | €35k |
| Amounts payable | 17/49 | €47k | €47k | €47k | €49k | €62k |
| Amounts payable within one year | 42/48 | €47k | €46k | €45k | €48k | €62k |
| Trade debts payable within one year | 44 | €6k | €2k | €2k | €6k | €16k |
| Income statement | ||||||
| Gross operating margin | 9900 | €-14k | €-6k | €18k | €19k | €27k |
| Operating result | 9901 | €-30k | €-21k | €4k | €-46 | €5k |
| Financial income | 75 | €51 | €395 | €216 | €203 | €95 |
| Financial charges | 65 | €475 | €370 | €599 | €2k | €2k |
| Result before taxes | 9903 | €-30k | €-21k | €3k | €-1k | €3k |
| Income taxes | 67/77 | - | - | €908 | €-10 | €152 |
| Net result for the period | 9904 | €-30k | €-21k | €2k | €-1k | €3k |
| Result to be appropriated | 9905 | €-30k | €-21k | €2k | €-1k | €3k |
Legal Structure
| NACE primary | Roofing work(43410) |
| Legal form | Private limited company(610) |
| Incorporation | 09-01-2006 |
| Status | Active |
| Postal code | 3520 |
Establishment units
DAKWERKEN KNAEPEN ANDY
since 20062.152.771.676
Real-estate footprint
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71443E0050/00F003 | Flanders | 1,949 m² | 1 · 342 m² | 12.1 m · 3 fl. |
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates
Next filing, fiscal year 2026, expected by
2026
25-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 25 days late
2025
31-12
Financial
Weakest financial yearnet €-30k
Net result drops to €-30k, the lowest in the series.
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
22-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 22 days late
2023
31-12
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
23-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
15-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
23-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
08-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
19-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
20-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
20-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Credit advice
Company registry (CBE)
Activities
Roofing work4341045220
Names & trade names
| Legal nameNL | ZORENO |
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