ACTIVE

ZENO X

Financial year 2025 · closed on 30/09/2025
Net result
2 M €
+178.9% YoY
Revenue
5,7 M €
-56.6% YoY
Equity
20,2 M €
+6.7% YoY
Workforce
1,9 ETP
-71.2% YoY

What does ZENO X do?

ZENO X is a Private limited company incorporated in 1989. Its main activity is: Retail sale of cultural and recreation goods in specialised stores. Its registered office is in Antwerpen. It employs on average 1,9 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0438.397.933
Incorporation
29/09/1989
Legal form
Private limited company
Registered office
Leopold de Waelplaats 16
2000 Antwerpen · FlandreSee on map
Contributed capital
20 000,00 €
Latest accounts
30/09/2025
Average workforce
1,9 ETP
Joint committees (2)
  • 100
  • 201
Contacts
3 public details availableLog in to view
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 17 financial years

20252024202220212020201920182017201620152014201320122011201020092008
Income statement
Revenue5,7 M €13,1 M €10,9 M €19,2 M €10,7 M €13,6 M €16,6 M €20,5 M €19,2 M €14,4 M €13 M €8,8 M €8,6 M €8,1 M €7,9 M €
EBITDA2,8 M €2 M €2,7 M €5,6 M €3,1 M €3 M €4 M €6,4 M €5 M €4,4 M €3,1 M €2,4 M €1,4 M €1,5 M €2,2 M €2 M €1,5 M €
Operating result2,7 M €857 k €2,4 M €5,3 M €2,7 M €2,8 M €3,8 M €6,2 M €4,8 M €4,2 M €2,9 M €2,2 M €1,3 M €1,4 M €2,1 M €1,9 M €1,4 M €
Net result2 M €707,9 k €2 M €4,1 M €2 M €2 M €2,7 M €4 M €3,2 M €2,9 M €2 M €1,5 M €949,4 k €994,8 k €1,5 M €1,4 M €981,9 k €
Balance sheet
Equity20,2 M €18,9 M €18,2 M €21,1 M €16,9 M €15,7 M €14,4 M €12,4 M €9,1 M €7,7 M €6,8 M €753,8 k €5,6 M €5,4 M €5 M €4,2 M €3,4 M €
Total assets22,9 M €20,2 M €19 M €22,3 M €18,5 M €17,1 M €15,5 M €14,4 M €12,4 M €9,4 M €8,1 M €8,3 M €6,8 M €6,3 M €7,1 M €7,4 M €5,7 M €
Cash1,4 M €960 k €6 M €6,2 M €4,6 M €4,4 M €3,6 M €3,2 M €2,4 M €1,5 M €843,5 k €2 M €1,4 M €822,6 k €4,6 M €4,9 M €4 M €
Debts2 M €787,1 k €628 k €657 k €1,2 M €1,2 M €1,1 M €2 M €3,4 M €1,7 M €1,2 M €7,6 M €1,1 M €952 k €2 M €3,1 M €2,3 M €
Other
Workforce1,9 ETP6,6 ETP8,8 ETP7,8 ETP6,8 ETP6,6 ETP6,7 ETP6,7 ETP6,7 ETP5,7 ETP5,1 ETP4,0 ETP3,7 ETP3,7 ETP3,7 ETP3,7 ETP3,2 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 25 M€ and 50 M€
See the valuation
Governance

Board of directors

Seen on filing of 30/09/2025 · 2 active · 3 ended

Active mandates

Eliane Breinaert

Director

Active
Frank Demaegd

Director

Active

Ended mandates

Eliane Breynaert

Director

Ended
ELIANE BREYNAERT

Mandate

Ended
FRANK DEMAEGD

Mandate

Ended
Annual accounts

Full financial information

202520242022202120202019
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/10/202401/01/202301/01/202201/01/202101/01/202001/01/2019
Closing of the financial year30/09/202530/09/202431/12/202231/12/202131/12/202031/12/2019
Length of the financial year12 months21 months12 months12 months12 months12 months
Filing date23/02/202624/02/202513/06/202311/07/202213/07/202114/07/2020
General meeting18/02/202618/02/202501/06/202330/06/202222/06/202122/06/2020
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Full model30/09/202518/02/202623/02/2026DutchPDF
Full model30/09/202418/02/202524/02/2025DutchPDF
Full model31/12/202201/06/202313/06/2023DutchPDF
Full model31/12/202130/06/202211/07/2022DutchPDF
Full model31/12/202022/06/202113/07/2021DutchPDF
Full model31/12/201922/06/202014/07/2020DutchPDF
Full model31/12/201821/06/201924/06/2019DutchPDF
Full model31/12/201721/06/201819/07/2018DutchPDF
Full model31/12/201629/06/201706/07/2017DutchPDF
Full model31/12/201520/06/201607/07/2016DutchPDF
Full model31/12/201425/06/201502/07/2015DutchPDF
Full model31/12/201330/06/201410/07/2014DutchPDF
Full model31/12/201217/06/201302/07/2013DutchPDF
Full modelCorrection31/12/201125/06/201225/10/2012DutchPDF
Full model31/12/201125/06/201202/07/2012DutchPDF
Full model31/12/201009/06/201124/06/2011DutchPDF
Abridged model31/12/200909/06/201014/06/2010DutchPDF
Abridged model31/12/200825/06/200925/06/2009DutchPDF
Abridged model31/12/200725/06/200827/06/2008DutchPDF
Abridged model31/12/200629/05/200719/06/2007DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 25 M€ and 50 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan
Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 30/09/2025 · 2 active · 3 ended

Active mandates

Eliane Breinaert

Director

Active
Frank Demaegd

Director

Active

Ended mandates

Eliane Breynaert

Director

Ended
ELIANE BREYNAERT

Mandate

Ended
FRANK DEMAEGD

Mandate

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Other19/01/2024
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - DOEL - ALGEMENE VERGADERING - BOEKJAAR
    PDF
  • Mandates06/10/2022
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates05/12/2016
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares04/03/2014
    KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Mandates08/01/2014
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates01/03/2011
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares11/06/2004
    KAPITAAL - AANDELEN - ALGEMENE VERGADERING - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Mandates12/09/2003
    ONTSLAGEN - BENOEMINGEN
    PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

  1. 2025
    Annual accounts 20252 M €
  2. 2024
    Annual accounts 2024707,9 k €
  3. 2022
    Annual accounts 20222 M €
  4. 2021
    Annual accounts 20214,1 M €
  5. 2020
    Annual accounts 20202 M €
  6. 2019
    Annual accounts 20192 M €
  7. 2018
    Annual accounts 20182,7 M €
  8. 2017
    Annual accounts 20174 M €
  9. 2016
    Annual accounts 20163,2 M €
  10. 2015
    Annual accounts 20152,9 M €
  11. 2014
    Annual accounts 20142 M €
  12. 2013
    Annual accounts 20131,5 M €
  13. 2012
    Annual accounts 2012949,4 k €
  14. 2011
    Annual accounts 2011994,8 k €
  15. 2010
    Annual accounts 20101,5 M €
  16. 2009
    Annual accounts 20091,4 M €
  17. 2008
    Annual accounts 2008981,9 k €
  18. 29/09/1989
    IncorporationPrivate limited company