Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
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Busy address KBO
66 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
ZENO-Indices from Liège, company number BE0736996694, closed financial year 2025 with a result of € -113,102 after tax. For that financial year ZENO-Indices recorded a gross margin of € 44,018 and equity of € 202,142. Compared with financial year 2024, the result moved from € -60,960 to € -113,102. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on May 28, 2026.
€ 202,142
▼ 38% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -113,102
▼ 86 % more loss than in 2024
Profit after tax over the fiscal year.
€ 83,829
▲ 66% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -284,673.
People and assets in 2025
1.2
▲ 0.2 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 100,988
▲ 16% vs 2024
€ 84,200 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 631
▼ 37% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 227,000
Loans from banks and other lenders, long and short.
€ 19,416
▲ 90% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 24,692
▲ 1% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 9,916 | € 52,047 | € 46,074 | € 44,018 | ▼ 4% |
| Profit after taxes | € -22,231 | € -30,887 | € -60,960 | € -113,102 | ▼ € 52,142 |
| Equity | € 88,277 | € 344,390 | € 325,849 | € 202,142 | ▼ 38% |
| Total debts | € 4,570 | € 19,857 | € 34,618 | € 276,225 | ▲ € 241,607 |
| Cash | € 25,641 | € 251,068 | € 50,636 | € 83,829 | ▲ 66% |
| Retained profit | € -79,723 | € -110,610 | € -171,571 | € -284,673 | ▼ € 113,102 |
| Bank debt | € 0 | € 0 | € 0 | € 227,000 | |
| Balance sheet total | € 92,847 | € 364,247 | € 360,467 | € 478,367 | ▲ 33% |
| Employees (FTE) | 0.3 | 1 | 1 | 1.2 | ▲ 0.2 |
Key figures of ZENO-Indices, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to ZENO-Indices?
What happened at ZENO-Indices in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Luc LERUTH stepped down as director. NBB
- Yves CRAMA stepped down as director. NBB
- Vincent DESCAMPS stepped down as director. NBB
- VENTURE COACHING SRL stepped down as director. NBB
- Jean-Baptiste LE HEN stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 113,102. Source: NBB ↗
- Luc LERUTH became a director. NBB
- Yves CRAMA became a director. NBB
In short
From € 22,231 loss in 2022 to € 113,102 loss in 2025.
On average € 36,700 of value added per employee in 2025.
A new publication or filing at ZENO-Indices? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Directors
According to the 2025 annual accounts
Vincent DESCAMPS
Director
since 2023 · until 2027
Director · represented by Maurice OLIVIER
Also active at: MICROBELCAPS, NOSHAQ SPIN-OFFS, PRESSES UNIVERSITAIRES DE LIEGE, SCIENCE PARK SERVICES, PHYTESIA, AGROPTIMIZE, Green SURF, Cytomine +11 more
since 2024 · until 2027
Jean-Baptiste LE HEN
Director
since 2024 · until 2027
Luc LERUTH
Managing director
since 2026 · until 2029
Yves CRAMA
Director
since 2026 · until 2029
Establishments
Establishment units
Physical locations of this company
Esplanade Simone VEIL 1
4000 Liège
Rue du Bois St-Jean 15 box 1
4102 Seraing
Active since 31 October 2019
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 66 companies are registered at this address.
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€ 16.2 million revenue · 2025
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€ 401,444 gross margin · 2024
+61 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0736.996.694
- VAT number
- BE 0736.996.694
- Registered office
- Esplanade Simone VEIL 1, 4000 Liège
- Names & denominations
- ZENO-Indices
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 31 October 2019
- Peppol
- Active · Active since 20 Nov 2020
- Activities · NACE
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