ACTIVE

ZEGHERS

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Financial year 2025 · closed on 31/12/2025

Net result

372,8 k €

-45.8% YoY

Revenue

16,7 M €

-10.0% YoY

Equity

2,9 M €

-27.1% YoY

Workforce

9,3 ETP

-2.1% YoY

What does ZEGHERS do?

ZEGHERS is a Public limited company incorporated in 1967. Its registered office is in Bruxelles. It employs on average 9,3 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0400.799.545

Incorporation

01/01/1967

Legal form

Public limited company

Registered office

Quai des Usines 112-154
1000 Bruxelles · BruxellesSee on map

Contributed capital

65 000,00 €

Latest accounts

31/12/2025

Average workforce

9,3 ETP

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008
Income statement
Revenue	16,7 M €	-10.0%	18,6 M €		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–
EBITDA	665,8 k €	-37.2%	1,1 M €	-17.0%	1,3 M €	+53.2%	833,7 k €	-21.7%	1,1 M €	-18.1%	1,3 M €	+332%	300,7 k €	+3.9%	289,4 k €	+20.6%	240 k €	-60.5%	606,8 k €	+38.6%	437,9 k €	+48.5%	294,8 k €	-12.7%	337,6 k €	-6.0%	359,2 k €	+221%	111,9 k €	-73.3%	418,6 k €	+51.3%	276,6 k €	-13.4%	319,3 k €
Operating result	452 k €	-46.8%	850,4 k €	-22.3%	1,1 M €	+71.4%	638,5 k €	-29.0%	899,8 k €	-26.5%	1,2 M €	+656%	161,8 k €	-14.8%	190 k €	+140%	79 k €	-81.2%	419,8 k €	+13.1%	371,2 k €	+74.8%	212,3 k €	+21.5%	174,8 k €	-10.8%	196 k €	+626%	-37,3 k €	-118%	203,9 k €	+521%	32,9 k €	-74.5%	128,8 k €
Net result	372,8 k €	-45.8%	688,1 k €	-13.5%	795,7 k €	+81.6%	438,1 k €	-39.4%	722,9 k €	-13.5%	835,8 k €	+617%	116,5 k €	+30.5%	89,3 k €	+76.6%	50,5 k €	-80.6%	261 k €	+2.4%	254,8 k €	+82.0%	140 k €	-13.9%	162,6 k €	+30.0%	125,1 k €	+369%	-46,6 k €	-134%	136 k €	+435%	25,4 k €	-74.3%	98,7 k €
Balance sheet
Equity	2,9 M €	-27.1%	4 M €	+13.5%	3,5 M €	+24.9%	2,8 M €	+18.6%	2,4 M €	+44.2%	1,6 M €	+104%	800,5 k €	+17.0%	683,9 k €	+15.0%	594,7 k €	-41.2%	1 M €	+0.1%	1 M €	+10.1%	918,1 k €	+0.0%	917,9 k €	+13.7%	807,3 k €	+18.3%	682,2 k €	-6.4%	728,8 k €	-2.7%	748,8 k €	+3.5%	723,4 k €
Total assets	4,3 M €	-28.5%	6 M €	-3.0%	6,2 M €	+37.1%	4,5 M €	+6.2%	4,3 M €	+32.4%	3,2 M €	+71.9%	1,9 M €	-4.4%	2 M €	-2.5%	2 M €	-13.5%	2,3 M €	-11.9%	2,6 M €	-3.9%	2,8 M €	+7.3%	2,6 M €	-10.4%	2,9 M €	+30.9%	2,2 M €	-24.2%	2,9 M €	+14.6%	2,5 M €	+3.8%	2,4 M €
Cash	1,5 M €	-56.5%	3,4 M €	+13.2%	3 M €	+164%	1,1 M €	+10.8%	1 M €	+24.5%	825,5 k €	+28.1%	644,5 k €	-23.6%	843,2 k €	+9.6%	769,4 k €	+6.4%	723,5 k €	-28.4%	1 M €	-5.9%	1,1 M €	+96.8%	545,5 k €	-11.1%	613,8 k €	+58.0%	388,5 k €	-19.3%	481,2 k €	+148%	194 k €	-49.9%	387,1 k €
Debts	1,4 M €	-31.6%	2,1 M €	-24.2%	2,7 M €	+56.7%	1,7 M €	-9.1%	1,9 M €	+20.2%	1,6 M €	+50.6%	1,1 M €	-16.2%	1,3 M €	-10.0%	1,4 M €	+7.9%	1,3 M €	-20.5%	1,6 M €	-10.9%	1,8 M €	+11.3%	1,6 M €	-19.8%	2,1 M €	+36.6%	1,5 M €	-30.2%	2,2 M €	+21.9%	1,8 M €	+3.9%	1,7 M €
Other
Workforce	9,3 ETP	-2.1%	9,5 ETP	0.0%	9,5 ETP	+3.3%	9,2 ETP	-14.8%	10,8 ETP	+6.9%	10,1 ETP	+53.0%	6,6 ETP	0.0%	6,6 ETP	-2.9%	6,8 ETP	0.0%	6,8 ETP	+9.7%	6,2 ETP	-4.6%	6,5 ETP	-11.0%	7,3 ETP	-8.8%	8,0 ETP	0.0%	8,0 ETP	-4.8%	8,4 ETP	-4.5%	8,8 ETP	+1.1%	8,7 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 15 ended

Active mandates

HUMA

Director · since 11 janvier 2022 · until 11 janvier 2028 · 0458.507.221

Represented by Maes Peter

Active

Ended mandates

HUMA

Director · since 11 janvier 2022 · 0458.507.221

Represented by Peter Philemon Maes

Ended

Nathalie Hubrecht

Director · since 19 décembre 2017 · until 11 janvier 2022

Ended

Nathalie Hubrecht

Director · since 19 décembre 2017 · until 19 décembre 2023

Ended

Peter Maes

Managing director · since 19 décembre 2017 · until 11 janvier 2022

Ended

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Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full 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	30/06/2026	04/06/2025	12/07/2024	28/07/2023	15/07/2022	30/07/2021
General meeting	16/06/2026	03/06/2025	18/06/2024	20/06/2023	21/06/2022	15/06/2021
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

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	16/06/2026	30/06/2026	Dutch	PDF
Full model	31/12/2024	03/06/2025	04/06/2025	Dutch	PDF
Abridged model	31/12/2023	18/06/2024	12/07/2024	Dutch	PDF
Abridged model	31/12/2022	20/06/2023	28/07/2023	Dutch	PDF
Abridged model	31/12/2021	21/06/2022	15/07/2022	Dutch	PDF
Abridged model	31/12/2020	15/06/2021	30/07/2021	Dutch	PDF
Abridged model	31/12/2019	16/06/2020	30/07/2020	Dutch	PDF
Abridged model	31/12/2018	18/06/2019	05/08/2019	Dutch	PDF
Abridged model	31/12/2017	19/06/2018	23/08/2018	Dutch	PDF
Abridged model	31/12/2016	20/06/2017	26/07/2017	Dutch	PDF
Abridged model	31/12/2015	21/06/2016	18/08/2016	Dutch	PDF
Abridged model	31/12/2014	16/06/2015	18/08/2015	Dutch	PDF
Abridged model	31/12/2013	17/06/2014	22/07/2014	Dutch	PDF
Abridged model	31/12/2012	18/06/2013	25/06/2013	Dutch	PDF
Abridged model	31/12/2011	19/06/2012	07/08/2012	Dutch	PDF
Abridged model	31/12/2010	21/06/2011	04/08/2011	Dutch	PDF
Abridged model	31/12/2009	15/06/2010	11/08/2010	Dutch	PDF
Abridged model	31/12/2008	16/06/2009	20/08/2009	Dutch	PDF
Abridged model	31/12/2007	17/06/2008	23/06/2008	Dutch	PDF
Abridged model	31/12/2006	19/06/2007	28/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 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 31/12/2025 · 1 active · 15 ended

Active mandates

HUMA

Director · since 11 janvier 2022 · until 11 janvier 2028 · 0458.507.221

Represented by Maes Peter

Active

Ended mandates

HUMA

Director · since 11 janvier 2022 · 0458.507.221

Represented by Peter Philemon Maes

Ended

Nathalie Hubrecht

Director · since 19 décembre 2017 · until 11 janvier 2022

Ended

Nathalie Hubrecht

Director · since 19 décembre 2017 · until 19 décembre 2023

Ended

Peter Maes

Managing director · since 19 décembre 2017 · until 11 janvier 2022

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates20/01/2022
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DIVERSEN - DOEL - ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares29/01/2018
KAPITAAL - AANDELEN
PDF
Capital / shares31/01/2014
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates16/08/2012
ONTSLAGEN - BENOEMINGEN
PDF
Registered office16/12/2009
MAATSCHAPPELIJKE ZETEL
PDF
Mandates13/04/2006
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
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

2025
Annual accounts 2025372,8 k €↓
2024
Annual accounts 2024688,1 k €↓
2023
Annual accounts 2023795,7 k €↑
2022
Annual accounts 2022438,1 k €↓
2021
Annual accounts 2021722,9 k €↓
2020
Annual accounts 2020835,8 k €↑
2019
Annual accounts 2019116,5 k €↑
2018
Annual accounts 201889,3 k €↑
2017
Annual accounts 201750,5 k €↓
2016
Annual accounts 2016261 k €↑
2015
Annual accounts 2015254,8 k €↑
2014
Annual accounts 2014140 k €↓
2013
Annual accounts 2013162,6 k €↑
2012
Annual accounts 2012125,1 k €↑
2011
Annual accounts 2011-46,6 k €↓
2010
Annual accounts 2010136 k €↑
2009
Annual accounts 200925,4 k €↓
2008
Annual accounts 200898,7 k €
01/01/1967
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

ZEGHERS

Overview

What does ZEGHERS do?

Trend over 18 financial years

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