ACTIVE

Maatschappij voor onderlinge borgstelling voor krediet aan de middenstand te Zele

Financial year 2025 · Closed on 31/12/2025

Net result8,4 k €-65,5 %over 1 year

Gross margin-18,5 k €-1,6 %over 1 year

Equity1,3 M €+0,6 %over 1 year

Identity

Source · BCE/KBO

Maatschappij voor onderlinge borgstelling voor krediet aan de middenstand te Zele is a Cooperative society incorporated in 1955. Its registered office is in Zele.

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0400.275.844
Incorporation: 10/03/1955
Legal form: Cooperative society
Registered office: Alois De Beulelaan 5
9240 Zele · FlandreSee on map
Contributed capital: 1 420 494,00 €
Latest accounts: 31/12/2025

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflow

Financials

Source · NBB, 20 filings

Trend over 20 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	-18,5 k €	-1.6%	-18,2 k €	+1.0%	-18,4 k €	+60.2%	-46,3 k €	-12.5%	-41,1 k €
EBITDA	-19,7 k €	-1.7%	-19,3 k €	+0.8%	-19,5 k €	+58.8%	-47,3 k €	-12.3%	-42,1 k €
Operating result	-19,7 k €	-1.7%	-19,3 k €	+0.8%	-19,5 k €	+58.8%	-47,3 k €	-12.3%	-42,1 k €
Net result	8,4 k €	-65.5%	24,3 k €	+409%	-7,9 k €	+83.4%	-47,3 k €	-12.5%	-42 k €
Balance sheet
Equity	1,3 M €	+0.6%	1,3 M €	+1.9%	1,3 M €	-1.0%	1,3 M €	-0.6%	1,3 M €
Total assets	1,3 M €	+0.7%	1,3 M €	+1.1%	1,3 M €	-0.8%	1,3 M €	-2.1%	1,3 M €
Cash	327,1 k €	-0.2%	327,9 k €	+2.5%	319,8 k €	-75.2%	1,3 M €	-1.9%	1,3 M €
Debts	10 k €	+3.0%	9,7 k €	-50.2%	19,4 k €	+11.9%	17,4 k €	-54.3%	38 k €

Valuation

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

5 active · 4 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Olga Salcedo	Director19/06/2024 → 16/06/2030
Pieter Henkens	Director30/06/2009 → 30/06/2028
ERNESTINA FLIES	Chairman of the board of directors23/06/2021 → 30/06/2027Manager23/06/2021 → 30/06/2027Administrator - manager01/01/2003 → 2020 accountsendedMandate2021 accountsended
Guido Henkens	Director30/06/2009 → 30/06/2027Mandate2021 accountsended
Marie Henkens	Director24/06/2016 → 30/06/2027Mandate2021 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Hubertina De Smet	Director23/06/2021 → 2023 accounts
LODEWIJK FLIES	Chairman of the board of directors23/06/2021 → 18/12/2021

Other companies at this address

Alois De Beulelaan 5 9240 Zele

Company	CBE no.
ASSURZELE● Active	0830.100.561
Deposito- en Kredietkantoor Van Zele● Liquidation	0400.154.989
DONATERIE● Active	0885.341.764
EMMARIELCO● Active	0449.606.480
KREDIET VOOR AMBACHTSWERKTUIGEN ZELE● Active	0400.154.692
MABOR● Active	0803.040.036
MAPICO● Active	0877.867.519
Oostvlaamse Invest Company● Active	0446.281.261
Tersal● Active	0676.815.223

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	15/07/2026	07/07/2025	18/07/2024	30/06/2023	30/06/2022	25/06/2021
General meeting	17/06/2026	18/06/2025	19/06/2024	14/06/2023	15/06/2022	16/06/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	17/06/2026	15/07/2026	Dutch	PDF
Abridged model	31/12/2024	18/06/2025	07/07/2025	Dutch	PDF
Abridged model	31/12/2023	19/06/2024	18/07/2024	Dutch	PDF
Abridged model	31/12/2022	14/06/2023	30/06/2023	Dutch	PDF
Abridged model	31/12/2021	15/06/2022	30/06/2022	Dutch	PDF
Abridged model	31/12/2020	16/06/2021	25/06/2021	Dutch	PDF
Abridged model	31/12/2019	17/06/2020	22/06/2020	Dutch	PDF
Abridged model	31/12/2018	19/06/2019	21/06/2019	Dutch	PDF
Abridged model	31/12/2017	20/06/2018	29/06/2018	Dutch	PDF
Abridged model	31/12/2016	21/06/2017	26/06/2017	Dutch	PDF
Abridged model	31/12/2015	22/06/2016	23/06/2016	Dutch	PDF
Abridged model	31/12/2014	24/06/2015	02/07/2015	Dutch	PDF
Abridged model	31/12/2013	25/06/2014	26/06/2014	Dutch	PDF
Abridged model	31/12/2012	26/06/2013	27/06/2013	Dutch	PDF
Abridged model	31/12/2011	27/06/2012	28/06/2012	Dutch	PDF
Abridged model	31/12/2010	29/06/2011	30/06/2011	Dutch	PDF
Abridged model	31/12/2009	29/06/2010	02/07/2010	Dutch	PDF
Abridged model	31/12/2008	30/06/2009	07/07/2009	Dutch	PDF
Abridged model	31/12/2007	27/06/2008	30/06/2008	Dutch	PDF
Abridged model	31/12/2006	22/06/2007	05/07/2007	Dutch	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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.

Board of directors

Source · NBB, accounts to 31/12/2025

5 active · 4 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Olga Salcedo	Director19/06/2024 → 16/06/2030
Pieter Henkens	Director30/06/2009 → 30/06/2028
ERNESTINA FLIES	Chairman of the board of directors23/06/2021 → 30/06/2027Manager23/06/2021 → 30/06/2027Administrator - manager01/01/2003 → 2020 accountsendedMandate2021 accountsended
Guido Henkens	Director30/06/2009 → 30/06/2027Mandate2021 accountsended
Marie Henkens	Director24/06/2016 → 30/06/2027Mandate2021 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Hubertina De Smet	Director23/06/2021 → 2023 accounts
LODEWIJK FLIES	Chairman of the board of directors23/06/2021 → 18/12/2021

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates27/02/2025
ONTSLAGEN - BENOEMINGEN
PDF
Other05/01/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - DIVERSEN - DOEL
PDF
Mandates03/11/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates20/09/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates13/08/2018
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares08/06/2018
KAPITAAL - AANDELEN
PDF
Mandates14/11/2016
ONTSLAGEN - BENOEMINGEN
PDF
Mandates24/07/2015
ONTSLAGEN - BENOEMINGEN
PDF

Similar companies

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

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation1955

Name

Registered office

Annual accounts

Filings20 filings

Mandates

Olga Salcedo

Pieter Henkens

Guido Henkens

Ernestina Flies

Marie Henkens

LODEWIJK FLIES

HUBERTINA DE SMET

Marleen Verburgt

Karine Verburgt

19661967196819691970197119721973197419751976197719781979198019811982198319841985198619871988198919901991199219931994199519961997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024202520262027202820292030

Maatschappij voor onderlinge borgstelling voor krediet aan de middenstand te Zele

Alois De Beulelaan 5, 9240 Zele

Director

Chairman of the board of directorsManagerAdministrator - manager

Director

Chairman of the board of directors

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Alois De Beulelaan 5, 9240 ZeleCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00295449

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
Maatschappij voor onderlinge borgstelling voor krediet aan de middenstand te ZeleCurrent	accounts 2006 → 2025	Accounts 2025 · 2026-00295449

Events

2025
Annual accounts 20258,4 k €↓
2024
Annual accounts 202424,3 k €↑
2023
Annual accounts 2023-7,9 k €↑
2022
Annual accounts 2022-47,3 k €↓
2021
Annual accounts 2021-42 k €↑
2020
Annual accounts 2020-92,2 k €↑
2019
Annual accounts 2019-130,2 k €↓
2018
Annual accounts 2018-122,9 k €↓
2017
Annual accounts 2017-120,7 k €↓
2016
Annual accounts 2016-105,8 k €↑
2015
Annual accounts 2015-114,7 k €↓
2014
Annual accounts 2014-73,9 k €↑
2013
Annual accounts 2013-136,9 k €↓
2012
Annual accounts 2012-134,8 k €↓
2011
Annual accounts 2011-101,6 k €↓
2010
Annual accounts 2010-50,6 k €↑
2009
Annual accounts 2009-65,3 k €↓
2008
Annual accounts 200847,8 k €↓
2007
Annual accounts 2007105,3 k €↑
2006
Annual accounts 2006-16,8 k €
10/03/1955
IncorporationCooperative society

Maatschappij voor onderlinge borgstelling voor krediet aan de middenstand te Zele

Overview

Identity

Financials

Valuation

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline

Timeline

Registered offices

Company names

Events