Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 1 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 34 % of short-term debt in 2025; threshold 65 %.
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Board fully replaced NBB
No director from three years ago is still active according to annual account 2025.
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Busy address KBO
80 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
ZzenN from Mont-Saint-Guibert, company number BE0843733516, closed financial year 2025 with a result of € -21,651 after tax. For that financial year ZzenN recorded a gross margin of € 10,254 and equity of € -12,231. Compared with financial year 2024, the result moved from € -11,808 to € -21,651. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on October 16, 2026.
€ -12,231
▼ € 21,651 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -21,651
▼ 83 % more loss than in 2024
Profit after tax over the fiscal year.
€ 2,173
▲ 85% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -32,231.
People and assets in 2025
€ 13,635
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 92,229
▲ € 91,264 vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 660,000
€ 98,300 is repaid this year. At this pace the long-term loan is gone in ≈ 7 years.
€ 26,666
▲ € 26,261 vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 17,141
▲ € 16,986 vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -3,025 | € -12,831 | € -8,005 | € 10,254 | ▲ € 18,259 |
| Profit after taxes | € -11,427 | € -16,030 | € -11,808 | € -21,651 | ▼ € 9,843 |
| Equity | € 37,258 | € 21,228 | € 9,420 | € -12,231 | ▼ € 21,651 |
| Total debts | € 2,174 | € 1,822 | € 560 | € 706,278 | ▲ € 705,718 |
| Cash | € 15,491 | € 12,997 | € 1,172 | € 2,173 | ▲ 85% |
| Retained profit | € 17,258 | € 1,228 | € -10,580 | € -32,231 | ▼ € 21,651 |
| Bank debt | € 416 | € 0 | € 0 | € 660,000 | |
| Balance sheet total | € 39,433 | € 23,050 | € 9,980 | € 694,047 | ▲ € 684,066 |
Key figures of ZzenN, 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 ZzenN?
What happened at ZzenN in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 21,651. filed late Source: NBB ↗
- Etienne Baffrey became a director. NBB
- Pierre Motyl stepped down as director. NBB
- Pierre Motyl became a director. NBB
- New establishment in Mont-Saint-Guibert. KBO
- Start of the company according to the CBE. KBO
In short
From € 11,427 loss in 2022 to € 21,651 loss in 2025.
Paid € 1,038 in corporate taxes since 2022.
Management
Behind ZzenN is Etienne Baffrey.
Directors
According to the 2025 annual accounts
Etienne Baffrey
Director
since 2025
since 2012 · until 2025
Establishments
Establishment units
Physical locations of this company
Rue du Fond Cattelain 2
1435 Mont-Saint-Guibert
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 80 companies are registered at this address.
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€ -42,122 gross margin · 2025
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€ -1,994 gross margin · 2025
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€ 1,041 gross margin · 2024
TRADEWARE
€ 751,690 revenue · 2025
+75 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
- 0843.733.516
- VAT number
- BE 0843.733.516
- Registered office
- Rue du Fond Cattelain 2, 1435 Mont-Saint-Guibert
- Names & denominations
- ZzenN · H2O-Watt
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 9 February 2012
- Peppol
- Active · Active since 12 Feb 2026
- Contact
- [email protected] +32475960095
- Activities · NACE
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