ZENITEL
0403.150.608 · rovalta.com · 22/09/2026
ACTIVE
ZENITEL
Financial year 2025 · closed on 31/12/2025
Net result
15,2 M €
-36.4% YoY
Equity
38,3 M €
-2.1% YoY
Workforce
2,0 ETP
0.0% YoY
Overview
What does ZENITEL do?
ZENITEL is a Public limited company incorporated in 1913. Its main activity is: Manufacture of communication equipment. Its registered office is in Asse. It employs on average 2,0 ETP workers (FTE).
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0403.150.608
Incorporation
31/03/1913
Legal form
Public limited company
Registered office
Z. 1 Researchpark 110
1731 Asse · FlandreSee on map
1731 Asse · FlandreSee on map
Contributed capital
25 623 849,48 €
Latest accounts
31/12/2025
Average workforce
2,0 ETP
Activities (NACE)
Joint committees (3)
- 11101
- 11101 209
- 209
Signals
ProfitableSolid equityLow riskPositive cashflow
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Financials
Trend over 16 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2008 | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||||||||||||||||||
| EBITDA | -948 k € | -151% | 1,8 M € | +146% | -4 M € | -707% | 657,5 k € | -66.8% | 2 M € | +68.5% | 1,2 M € | +114% | 549,9 k € | -31.4% | 802 k € | +201% | 266,2 k € | -16.0% | 317,1 k € | +1030% | 28,1 k € | +139% | -72,8 k € | -825% | 10 k € | +102% | -576,7 k € | -652% | -76,7 k € | -152% | 146,9 k € |
| Operating result | 841,7 k € | -17.1% | 1 M € | +138% | -2,7 M € | -1191% | 245,7 k € | -88.3% | 2,1 M € | +79.1% | 1,2 M € | +114% | 549,9 k € | -31.4% | 802 k € | +201% | 266,2 k € | -16.0% | 317,1 k € | +1030% | 28,1 k € | +77.8% | 15,8 k € | +114% | -112,9 k € | +86.9% | -859 k € | -198% | -287,8 k € | +34.0% | -436,2 k € |
| Net result | 15,2 M € | -36.4% | 23,9 M € | +488% | 4,1 M € | -2.8% | 4,2 M € | -78.6% | 19,5 M € | +1554% | 1,2 M € | +114% | 549,1 k € | -34.5% | 838,1 k € | +132% | 361,1 k € | -88.6% | 3,2 M € | +963% | -366,4 k € | -111% | 3,4 M € | +108498% | -3,2 k € | +99.9% | -4,5 M € | -35.8% | -3,3 M € | +87.2% | -25,7 M € |
| Balance sheet | |||||||||||||||||||||||||||||||
| Equity | 38,3 M € | -2.1% | 39,1 M € | +5.0% | 37,2 M € | -25.7% | 50 M € | +9.1% | 45,9 M € | +12.8% | 40,7 M € | +3.0% | 39,5 M € | +1.4% | 38,9 M € | +2.2% | 38,1 M € | +1.0% | 37,7 M € | -4.6% | 39,6 M € | +48.3% | 26,7 M € | +14.7% | 23,3 M € | -0.0% | 23,3 M € | -16.1% | 27,7 M € | -27.8% | 38,4 M € |
| Total assets | 56,7 M € | -2.6% | 58,2 M € | +5.1% | 55,4 M € | +2.1% | 54,3 M € | -0.0% | 54,3 M € | +23.6% | 43,9 M € | -0.3% | 44,1 M € | +0.2% | 44 M € | +1.4% | 43,4 M € | -9.1% | 47,7 M € | +7.3% | 44,5 M € | -0.1% | 44,5 M € | -2.2% | 45,5 M € | -1.7% | 46,3 M € | -7.4% | 50 M € | -20.0% | 62,6 M € |
| Cash | 370,9 k € | -90.0% | 3,7 M € | -18.7% | 4,5 M € | +91.5% | 2,4 M € | +7.9% | 2,2 M € | -51.2% | 4,5 M € | +1.1% | 4,5 M € | -6.6% | 4,8 M € | +13.3% | 4,2 M € | +750% | 495,2 k € | -24.3% | 654,3 k € | +145% | 266,7 k € | -17.1% | 321,8 k € | +4.0% | 309,3 k € | +128% | 135,6 k € | -61.8% | 354,8 k € |
| Debts | 17,8 M € | +8.4% | 16,4 M € | +1.0% | 16,2 M € | +1606% | 950,6 k € | -82.9% | 5,6 M € | +707% | 688,2 k € | +41.5% | 486,4 k € | +4.4% | 466,1 k € | -52.3% | 977,1 k € | -84.9% | 6,5 M € | +445% | 1,2 M € | -91.3% | 13,6 M € | -22.6% | 17,6 M € | -2.6% | 18,1 M € | +10.3% | 16,4 M € | -30.4% | 23,6 M € |
| Other | |||||||||||||||||||||||||||||||
| Workforce | 2,0 ETP | 0.0% | 2,0 ETP | 0.0% | 2,0 ETP | 0.0% | 2,0 ETP | 0.0% | 2,0 ETP | -33.3% | 3,0 ETP | -11.8% | 3,4 ETP | -15.0% | 4,0 ETP | -14.9% | 4,7 ETP | -44.7% | 8,5 ETP | 0.0% | 8,5 ETP | -7.6% | 9,2 ETP | -9.8% | 10,2 ETP | -6.4% | 10,9 ETP | -3.5% | 11,3 ETP | -35.1% | 17,4 ETP |
Estimate
Indicative valuation
As an indication, this company is worth
between 25 M€ and 50 M€
See the valuationGovernance
Board of directors
Seen on filing of 31/12/2025 · 5 active · 83 ended
Active mandates
Ended mandates
At this address
Other companies at this address
| Company | CBE no. |
|---|---|
| 0406.763.362 | |
DSIT Belgium● Active | 0805.051.005 |
U2U● Active | 0541.885.352 |
Financials
Annual accounts
Full financial information
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Type of account | Full model | Full model | Full model | Full model | Full model | Full 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 | 21/05/2026 | 13/06/2025 | 11/06/2024 | 05/06/2023 | 29/06/2022 | 31/05/2021 |
| General meeting | 15/05/2026 | 16/05/2025 | 17/05/2024 | 19/05/2023 | 10/06/2022 | 28/04/2021 |
| 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
Looking for more information about this company?
Try for 7 daysFilings
Annual accounts filings
95 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Full model | 31/12/2025 | 15/05/2026 | 21/05/2026 | Dutch | |
| Full model | 31/12/2024 | 16/05/2025 | 13/06/2025 | Dutch | |
| Full model | 31/12/2023 | 17/05/2024 | 11/06/2024 | Dutch | |
| Full model | 31/12/2022 | 19/05/2023 | 05/06/2023 | Dutch | |
| Full model | 31/12/2021 | 10/06/2022 | 29/06/2022 | Dutch | |
| Full model | 31/12/2020 | 28/04/2021 | 31/05/2021 | Dutch | |
| Consolidated accounts | 31/12/2020 | 28/04/2021 | 31/05/2021 | Dutch | |
| Full model | 31/12/2019 | 28/04/2020 | 26/06/2020 | Dutch | |
| Consolidated accounts | 31/12/2019 | 28/04/2020 | 29/10/2020 | Dutch | |
| Full model | 31/12/2018 | 29/04/2019 | 28/06/2019 | Dutch | |
| Consolidated accounts | 31/12/2018 | 29/04/2019 | 31/05/2019 | Dutch | |
| Full model | 31/12/2017 | 30/04/2018 | 29/05/2018 | Dutch | |
| Consolidated accounts | 31/12/2017 | 30/04/2018 | 24/05/2018 | Dutch | |
| Full model | 31/12/2016 | 28/04/2017 | 29/05/2017 | Dutch | |
| Consolidated accounts | 31/12/2016 | 28/04/2017 | 31/08/2017 | Dutch | |
| Full model | 31/12/2015 | 28/04/2016 | 31/08/2016 | Dutch | |
| Consolidated accounts | 31/12/2015 | 28/04/2016 | 17/06/2016 | Dutch | |
| Full model | 31/12/2014 | 28/04/2015 | 16/06/2015 | Dutch | |
| Consolidated accounts | 31/12/2014 | 28/04/2015 | 13/08/2015 | Dutch | |
| Full model | 31/12/2013 | 28/04/2014 | 30/05/2014 | Dutch | |
| Consolidated accounts | 31/12/2013 | 28/04/2014 | 27/05/2014 | Dutch | |
| Full model | 31/12/2012 | 29/04/2013 | 29/05/2013 | Dutch | |
| Consolidated accounts | 31/12/2012 | 29/04/2013 | 02/06/2013 | Dutch | |
| Full model | 31/12/2011 | 30/04/2012 | 25/05/2012 | Dutch |
Valuation
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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Governance
Board of directors
Seen on filing of 31/12/2025 · 5 active · 83 ended
Active mandates
Ended mandates
Shareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
- Mandates17/09/2025ONTSLAGEN - BENOEMINGEN
- Mandates07/10/2024ONTSLAGEN - BENOEMINGEN
- Mandates21/09/2023ONTSLAGEN - BENOEMINGEN
- Mandates22/07/2022ONTSLAGEN - BENOEMINGEN
- Other17/02/2022STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ALGEMENE VERGADERING
- Mandates11/10/2021ONTSLAGEN - BENOEMINGEN
- Capital / shares07/07/2021KAPITAAL - AANDELEN
- Mandates11/06/2021ONTSLAGEN - BENOEMINGEN
Source: Belgian Official Gazette
Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 202515,2 M €↓
- 16/05/2025reconductionEY Bedrijfsrevisoren bv — commissaris
- 16/05/2025reconductionBlanco Blad bv — bestuurder
- 2024Annual accounts 202423,9 M €↑
- 03/06/2024reconductionK-CL bv — gedelegeerd bestuurder
- 17/05/2024reconductionEquity@Work bv — bestuurder
- 17/05/2024reconductionK-CL bv — bestuurder
- 17/05/2024nominationAnchorage nv — bestuurder
- 2023Annual accounts 20234,1 M €↓
- 19/05/2023reconductionYves De Backer — bestuurder
- 2022Annual accounts 20224,2 M €↓
- 10/06/2022reconductionBlanco Blad BV — bestuurder
- 10/06/2022reconductionEY Bedrijfsrevisoren BV — commissaris
- 2021Annual accounts 202119,5 M €↑
- 2019Annual accounts 20191,2 M €↑
- 2018Annual accounts 2018549,1 k €↓
- 2017Annual accounts 2017838,1 k €↑
- 2016Annual accounts 2016361,1 k €↓
- 2015Annual accounts 20153,2 M €↑
- 2014Annual accounts 2014-366,4 k €↓
- 2013Annual accounts 20133,4 M €↑
- 2012Annual accounts 2012-3,2 k €↑
- 2011Annual accounts 2011-4,5 M €↓
- 2010Annual accounts 2010-3,3 M €↑
- 2008Annual accounts 2008-25,7 M €
- 31/03/1913IncorporationPublic limited company