ACTIVE

ZENITEL

Financial year 2025 · Closed on 31/12/2025

Net result15,2 M €-36,4 %over 1 year
Equity38,3 M €-2,1 %over 1 year
Workforce2,0 ETP0,0 %over 1 year

Identity

Source · BCE/KBO

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
Contributed capital
25 623 849,48 €
Latest accounts
31/12/2025
Average workforce
2,0 ETP
Joint committees (3)
  • 11101
  • 11101 209
  • 209
Signals
ProfitableSolid equityLow riskPositive cashflow

Financials

Source · NBB, 95 filings

Trend over 16 financial years

20252024202320222021
Income statement
EBITDA-948 k €1,8 M €-4 M €657,5 k €2 M €
Operating result841,7 k €1 M €-2,7 M €245,7 k €2,1 M €
Net result15,2 M €23,9 M €4,1 M €4,2 M €19,5 M €
Balance sheet
Equity38,3 M €39,1 M €37,2 M €50 M €45,9 M €
Total assets56,7 M €58,2 M €55,4 M €54,3 M €54,3 M €
Cash370,9 k €3,7 M €4,5 M €2,4 M €2,2 M €
Debts17,8 M €16,4 M €16,2 M €950,6 k €5,6 M €
Other
Workforce2,0 ETP2,0 ETP2,0 ETP2,0 ETP2,0 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 25 M€ and 50 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

5 active · 83 ended

Active mandates

Anchorage

Director · since 17 mai 2024 · until 19 mai 2028 · 0816.976.164

Represented by Anne-Charlotte Werbrouck

Active
YVES DE BACKER

Chairman of the board of directors · since 13 septembre 2023 · until 15 mai 2026 · 0663.641.138

Represented by Yves De Backer

Active
K-CL

Managing director · since 30 avril 2018 · until 19 mai 2028 · 0806.354.070

Represented by Koen Claerbout

Active
EQUITY@WORK

Director · since 28 avril 2015 · until 19 mai 2028 · 0884.443.030

Represented by Hans Swinnen

Active
BLANCO BLAD

Director · since 20 avril 2010 · until 19 mai 2028 · 0819.657.423

Represented by Jo Van Gorp

Active

Ended mandates

Anchorage

Director · since 17 mai 2024 · until 19 mai 2028 · 0816.976.164

Represented by Anne-Charlotte Werbrouck

Ended
YVES DE BACKER

Chairman of the board of directors · since 13 septembre 2023 · until 15 mai 2026 · 0663.641.138

Represented by Yves De Backer

Ended
BLANCO BLAD

Director · since 10 juin 2022 · until 16 mai 2025 · 0819.657.423

Represented by Jo Van Gorp

Ended
BLANCO BLAD

Director · since 28 avril 2021 · until 28 juin 2023 · 0819.657.423

Represented by Anne-Charlotte Werbrouck

Ended

Other companies at this address

Z. 1 Researchpark 110 1731 Asse
CompanyCBE no.
0406.763.362
DSIT Belgium● Active
0805.051.005
U2U● Active
0541.885.352

Full financial information

Source · NBB
202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date21/05/202613/06/202511/06/202405/06/202329/06/202231/05/2021
General meeting15/05/202616/05/202517/05/202419/05/202310/06/202228/04/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 95 filings
ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202515/05/202621/05/2026DutchPDF
Full model31/12/202416/05/202513/06/2025DutchPDF
Full model31/12/202317/05/202411/06/2024DutchPDF
Full model31/12/202219/05/202305/06/2023DutchPDF
Full model31/12/202110/06/202229/06/2022DutchPDF
Full model31/12/202028/04/202131/05/2021DutchPDF
Consolidated accounts31/12/202028/04/202131/05/2021DutchPDF
Full model31/12/201928/04/202026/06/2020DutchPDF
Consolidated accounts31/12/201928/04/202029/10/2020DutchPDF
Full model31/12/201829/04/201928/06/2019DutchPDF
Consolidated accounts31/12/201829/04/201931/05/2019DutchPDF
Full model31/12/201730/04/201829/05/2018DutchPDF
Consolidated accounts31/12/201730/04/201824/05/2018DutchPDF
Full model31/12/201628/04/201729/05/2017DutchPDF
Consolidated accounts31/12/201628/04/201731/08/2017DutchPDF
Full model31/12/201528/04/201631/08/2016DutchPDF
Consolidated accounts31/12/201528/04/201617/06/2016DutchPDF
Full model31/12/201428/04/201516/06/2015DutchPDF
Consolidated accounts31/12/201428/04/201513/08/2015DutchPDF
Full model31/12/201328/04/201430/05/2014DutchPDF
Consolidated accounts31/12/201328/04/201427/05/2014DutchPDF
Full model31/12/201229/04/201329/05/2013DutchPDF
Consolidated accounts31/12/201229/04/201302/06/2013DutchPDF
Full model31/12/201130/04/201225/05/2012DutchPDF
Consolidated accounts31/12/201130/04/201225/05/2012DutchPDF
Full model31/12/201028/04/201123/05/2011DutchPDF
Consolidated accounts31/12/201028/04/201124/05/2011DutchPDF
Full model31/12/200928/04/201007/06/2010DutchPDF
Consolidated accounts31/12/200928/04/201026/05/2010DutchPDF
Full model31/12/200828/04/200902/07/2009DutchPDF
Consolidated accounts31/12/200828/04/200903/07/2009DutchPDF
Full model31/12/200728/04/200818/07/2008DutchPDF
Consolidated accounts31/12/200728/04/200818/07/2008DutchPDF
Full model31/12/200630/04/200729/05/2007DutchPDF
Consolidated accounts31/12/200630/04/200729/05/2007DutchPDF
Full model31/12/200528/04/200612/06/2006DutchPDF
Consolidated accounts31/12/200528/04/200604/07/2006DutchPDF
Full model31/12/200428/04/200531/05/2005DutchPDF
Consolidated accounts31/12/200428/04/200520/06/2005DutchPDF
Full model31/12/200328/04/200427/05/2004DutchPDF
Consolidated accounts31/12/200328/04/200401/07/2004DutchPDF
Consolidated accounts31/12/200228/04/200326/02/2004DutchPDF
m905-p31/12/200228/04/200328/08/2003DutchPDF
Consolidated accounts31/12/200127/03/200204/04/2003DutchPDF
m905-p31/12/200127/03/200229/05/2002DutchPDF
Consolidated accounts31/12/200028/03/200128/05/2001FrenchPDF
m905-p31/12/200028/03/200121/05/2001FrenchPDF
m905-p31/12/199930/03/200028/04/2000FrenchPDF
m905-p31/12/199930/03/200028/04/2000DutchPDF
m905-p31/12/199826/05/199908/06/1999DutchPDF
m905-p31/12/199826/05/199908/06/1999FrenchPDF
m905-p31/12/199727/05/199808/06/1998Dutch—
m905-p31/12/199727/05/199808/06/1998French—
m905-p31/12/199628/05/199718/06/1997Dutch—
m905-p31/12/199628/05/199718/06/1997French—
Full model31/12/199522/05/199606/06/1996French—
Full model31/12/199522/05/199606/06/1996Dutch—
Full model31/12/199424/05/199514/06/1995Dutch—
Full model31/12/199424/05/199514/06/1995French—
Full model31/12/199325/05/199420/07/1994Dutch—
Full model31/12/199325/05/199420/07/1994French—
Full model31/12/199226/05/199316/06/1993French—
Full model31/12/199226/05/199316/06/1993Dutch—
Full model31/12/199127/05/199224/06/1992French—
Full model31/12/199127/05/199224/06/1992Dutch—
Consolidated accounts31/12/199127/05/199201/07/1992Dutch—
Consolidated accounts31/12/199127/05/199201/07/1992French—
Full model31/12/199022/05/199117/06/1991French—
Full model31/12/199022/05/199117/06/1991Dutch—
Full model31/12/198923/05/199022/06/1990Dutch—
Full model31/12/198923/05/199022/06/1990French—
Full model31/12/198824/05/198914/06/1989French—
Full model31/12/198824/05/198914/06/1989Dutch—
Full model31/12/198725/05/198809/06/1988French—
Full model31/12/198725/05/198809/06/1988Dutch—
Full model31/12/198627/05/198725/06/1987French—
Full model31/12/198627/05/198725/06/1987Dutch—
Full model31/12/198528/05/198613/06/1986Dutch—
Full model31/12/198528/05/198613/06/1986French—
Full model31/12/198422/05/198519/06/1985Dutch—
Full model31/12/198422/05/198519/06/1985French—
m903-p31/12/198323/05/198430/05/1984Dutch—
m903-p31/12/198323/05/198430/05/1984French—
m903-p31/12/198225/05/198327/05/1983Dutch—
m903-p31/12/198225/05/198327/05/1983French—
m903-p31/12/198126/05/198216/06/1982Dutch—
m903-p31/12/198126/05/198216/06/1982French—
m903-p31/12/198001/01/999910/06/1981French—
m903-p31/12/198001/01/999910/06/1981Dutch—
m903-p31/12/197901/01/999903/06/1980Dutch—
m903-p31/12/197901/01/999903/06/1980French—
m903-p31/12/197801/01/999929/05/1979Dutch—
m903-p31/12/197801/01/999929/05/1979French—
m903-p31/12/197701/01/999920/06/1978French—
m903-p31/12/197701/01/999920/06/1978Dutch—

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.

Board of directors

Source · NBB, accounts to 31/12/2025

5 active · 83 ended

Active mandates

Anchorage

Director · since 17 mai 2024 · until 19 mai 2028 · 0816.976.164

Represented by Anne-Charlotte Werbrouck

Active
YVES DE BACKER

Chairman of the board of directors · since 13 septembre 2023 · until 15 mai 2026 · 0663.641.138

Represented by Yves De Backer

Active
K-CL

Managing director · since 30 avril 2018 · until 19 mai 2028 · 0806.354.070

Represented by Koen Claerbout

Active
EQUITY@WORK

Director · since 28 avril 2015 · until 19 mai 2028 · 0884.443.030

Represented by Hans Swinnen

Active
BLANCO BLAD

Director · since 20 avril 2010 · until 19 mai 2028 · 0819.657.423

Represented by Jo Van Gorp

Active

Ended mandates

Anchorage

Director · since 17 mai 2024 · until 19 mai 2028 · 0816.976.164

Represented by Anne-Charlotte Werbrouck

Ended
YVES DE BACKER

Chairman of the board of directors · since 13 septembre 2023 · until 15 mai 2026 · 0663.641.138

Represented by Yves De Backer

Ended
BLANCO BLAD

Director · since 10 juin 2022 · until 16 mai 2025 · 0819.657.423

Represented by Jo Van Gorp

Ended
BLANCO BLAD

Director · since 28 avril 2021 · until 28 juin 2023 · 0819.657.423

Represented by Anne-Charlotte Werbrouck

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates17/09/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates07/10/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates21/09/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates22/07/2022
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other17/02/2022
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - ALGEMENE VERGADERING
    PDF
  • Mandates11/10/2021
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares07/07/2021
    KAPITAAL - AANDELEN
    PDF
  • Mandates11/06/2021
    ONTSLAGEN - BENOEMINGEN
    PDF

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 202515,2 M €↓
  2. 16/05/2025
    reconductionEY Bedrijfsrevisoren bv — commissaris
  3. 16/05/2025
    reconductionBlanco Blad bv — bestuurder
  4. 2024
    Annual accounts 202423,9 M €↑
  5. 03/06/2024
    reconductionK-CL bv — gedelegeerd bestuurder
  6. 17/05/2024
    reconductionEquity@Work bv — bestuurder
  7. 17/05/2024
    reconductionK-CL bv — bestuurder
  8. 17/05/2024
    nominationAnchorage nv — bestuurder
  9. 2023
    Annual accounts 20234,1 M €↓
  10. 19/05/2023
    reconductionYves De Backer — bestuurder
  11. 2022
    Annual accounts 20224,2 M €↓
  12. 10/06/2022
    reconductionBlanco Blad BV — bestuurder
  13. 10/06/2022
    reconductionEY Bedrijfsrevisoren BV — commissaris
  14. 2021
    Annual accounts 202119,5 M €↑
  15. 2019
    Annual accounts 20191,2 M €↑
  16. 2018
    Annual accounts 2018549,1 k €↓
  17. 2017
    Annual accounts 2017838,1 k €↑
  18. 2016
    Annual accounts 2016361,1 k €↓
  19. 2015
    Annual accounts 20153,2 M €↑
  20. 2014
    Annual accounts 2014-366,4 k €↓
  21. 2013
    Annual accounts 20133,4 M €↑
  22. 2012
    Annual accounts 2012-3,2 k €↑
  23. 2011
    Annual accounts 2011-4,5 M €↓
  24. 2010
    Annual accounts 2010-3,3 M €↑
  25. 2008
    Annual accounts 2008-25,7 M €
  26. 31/03/1913
    IncorporationPublic limited company