ACTIVE

ZF CV Distribution Belgium

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Financial year 2025 · closed on 31/12/2025

Net result

315,1 k €

-27.5% YoY

Revenue

15,6 M €

-6.7% YoY

Equity

6,2 M €

+5.4% YoY

Workforce

7,5 ETP

0.0% YoY

What does ZF CV Distribution Belgium do?

ZF CV Distribution Belgium is a Private limited company incorporated in 1911. Its registered office is in Dilbeek. It employs on average 7,5 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0405.837.310

Incorporation

04/08/1911

Legal form

Private limited company

Registered office

't Hofveld 6 box 1-3
1702 Dilbeek · FlandreSee on map

Contributed capital

4 060 000,00 €

Latest accounts

31/12/2025

Average workforce

7,5 ETP

Joint committees (3)

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 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Revenue	15,6 M €	-6.7%	16,7 M €	-8.7%	18,3 M €	+15.3%	15,9 M €	+4.0%	15,3 M €	+17.6%	13 M €	-24.8%	17,3 M €	+1.8%	17 M €	+11.8%	15,2 M €	+9.1%	13,9 M €	-0.2%	14 M €	+5.1%	13,3 M €	+9.2%	12,2 M €	-1.6%	12,4 M €	-6.4%	13,2 M €	+10.6%	11,9 M €	+14.7%	10,4 M €	-33.0%	15,6 M €	-6.6%	16,6 M €	+9.5%	15,2 M €
EBITDA	403,5 k €	-36.5%	635,6 k €	+44.0%	441,3 k €	+10.0%	401,3 k €	+3.2%	389 k €	+133%	166,9 k €	-60.0%	417,1 k €	-2.9%	429,8 k €	+22.7%	350,4 k €	-2.0%	357,5 k €	-11.0%	401,7 k €	+55.1%	259 k €	-30.8%	374 k €	+907%	37,2 k €	-91.6%	441,6 k €	+23.7%	357,1 k €	-8.2%	389 k €	-38.9%	637,1 k €	+25.4%	508,2 k €	-27.4%	700,5 k €
Operating result	409,8 k €	-7.8%	444,5 k €	+1.4%	438,5 k €	+13.2%	387,2 k €	-0.5%	389 k €	+133%	166,9 k €	-60.0%	417,1 k €	-2.9%	429,8 k €	+22.7%	350,4 k €	-2.0%	357,5 k €	-11.0%	401,7 k €	+55.1%	259 k €	-30.8%	374 k €	+907%	37,2 k €	-91.6%	441,6 k €	+23.7%	357,1 k €	-8.2%	389 k €	-38.9%	637,1 k €	+25.4%	508,2 k €	-26.1%	687,7 k €
Net result	315,1 k €	-27.5%	434,9 k €	+17.8%	369,2 k €	+62.5%	227,2 k €	+10.7%	205,3 k €	+224%	63,4 k €	-71.4%	221,8 k €	+8.0%	205,3 k €	+15.0%	178,6 k €	-8.2%	194,5 k €	-6.2%	207,4 k €	+70.5%	121,7 k €	-51.7%	252,1 k €	+353%	-99,6 k €	-132%	312,1 k €	+63.0%	191,5 k €	-34.1%	290,5 k €	-42.2%	502,1 k €	+44.4%	347,8 k €	+8.4%	320,9 k €
Balance sheet
Equity	6,2 M €	+5.4%	5,9 M €	-15.7%	7 M €	+5.6%	6,6 M €	+3.6%	6,4 M €	+3.3%	6,2 M €	+1.0%	6,1 M €	+3.8%	5,9 M €	+0.1%	5,9 M €	-10.3%	6,5 M €	+3.1%	6,3 M €	+3.4%	6,1 M €	+2.0%	6 M €	+4.4%	5,8 M €	-1.7%	5,9 M €	-3.2%	6,1 M €	+3.3%	5,9 M €	-7.9%	6,4 M €	+8.6%	5,9 M €	-5.2%	6,2 M €
Total assets	7,7 M €	-11.5%	8,8 M €	+6.4%	8,2 M €	-3.0%	8,5 M €	+7.7%	7,9 M €	+1.0%	7,8 M €	+1.4%	7,7 M €	-9.0%	8,5 M €	+0.6%	8,4 M €	+1.0%	8,3 M €	-2.4%	8,5 M €	+10.6%	7,7 M €	+1.2%	7,6 M €	+7.6%	7,1 M €	-10.8%	7,9 M €	-7.0%	8,5 M €	+13.9%	7,5 M €	-14.6%	8,8 M €	-0.2%	8,8 M €	+13.1%	7,8 M €
Cash	536,7 €		–		–		25,6 k €	-1.5%	26 k €	-42.9%	45,4 k €	-28.5%	63,6 k €	+154%	25 k €	-70.1%	83,6 k €	+71.6%	48,7 k €	-70.5%	165,3 k €	+42.0%	116,4 k €	-57.5%	274,2 k €	+242%	80,2 k €	-65.8%	234,5 k €	-29.3%	331,5 k €	+61.0%	205,9 k €	+264%	56,5 k €	-82.5%	322,1 k €	-16.1%	383,7 k €
Debts	1,5 M €	-47.9%	2,8 M €	+135%	1,2 M €	-32.0%	1,7 M €	+28.8%	1,4 M €	-11.0%	1,5 M €	+6.1%	1,4 M €	-41.3%	2,5 M €	+2.8%	2,4 M €	+44.4%	1,7 M €	-18.8%	2 M €	+40.5%	1,4 M €	+0.2%	1,4 M €	+40.6%	1 M €	-48.3%	2 M €	-18.1%	2,4 M €	+52.4%	1,6 M €	-31.9%	2,3 M €	-17.5%	2,8 M €	+79.3%	1,6 M €
Other
Workforce	7,5 ETP	0.0%	7,5 ETP	+2.7%	7,3 ETP	+12.3%	6,5 ETP	0.0%	6,5 ETP	-1.5%	6,6 ETP	-15.4%	7,8 ETP	-6.0%	8,3 ETP	-1.2%	8,4 ETP	+6.3%	7,9 ETP	+5.3%	7,5 ETP	-7.4%	8,1 ETP	-19.8%	10,1 ETP	+2.0%	9,9 ETP	-10.8%	11,1 ETP	-16.5%	13,3 ETP	+6.4%	12,5 ETP	-8.1%	13,6 ETP	+4.6%	13,0 ETP	-18.2%	15,9 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 6 ended

Active mandates

Christiaan Verschueren

Director · since 26 mai 2023

Active

Gauthier Cachbach

Director · since 01 septembre 2020

Active

Ended mandates

Natalia Noblet

Director · since 01 juillet 2022

Ended

Lisa Brown

Director · since 19 juin 2015 · until 31 août 2020

Ended

Nick Rens

Director · since 31 janvier 2009 · until 30 avril 2022

Ended

Nick Rens

Director · since 31 janvier 2009

Ended

At this address

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JOHNSON CONTROLS BELGIUM HOLDING● Active	0699.904.389
JOHNSON CONTROLS FINANCE● Active	0897.604.049
Johnson Controls HQ Holding● Active	0599.878.682
JOHNSON CONTROLS INTERNATIONAL● Active	0443.672.258
Johnson Controls Systems & Service Europe● Active	0883.870.532
The Bold● Active	0787.528.845
Tyco Building Services Products (Belgium)● Active	0700.957.929
United Expert Investments● Active	0694.521.978

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	26/06/2026	11/07/2025	18/06/2024	27/06/2023	23/06/2022	12/07/2021
General meeting	09/06/2026	10/06/2025	11/06/2024	13/06/2023	14/06/2022	08/06/2021
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

63 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	09/06/2026	26/06/2026	Dutch	PDF
Full model	31/12/2024	10/06/2025	11/07/2025	Dutch	PDF
Full model	31/12/2023	11/06/2024	18/06/2024	Dutch	PDF
Full model	31/12/2022	13/06/2023	27/06/2023	Dutch	PDF
Full model	31/12/2021	14/06/2022	23/06/2022	Dutch	PDF
Full model	31/12/2020	08/06/2021	12/07/2021	Dutch	PDF
Full model	31/12/2019	07/09/2020	30/09/2020	Dutch	PDF
Full model	31/12/2018	19/06/2019	20/06/2019	Dutch	PDF
Full model	31/12/2017	12/06/2018	25/06/2018	Dutch	PDF
Full model	31/12/2016	13/06/2017	27/06/2017	Dutch	PDF
Full model	31/12/2015	24/05/2016	09/06/2016	Dutch	PDF
Full model	31/12/2014	19/06/2015	14/10/2015	Dutch	PDF
Full model	31/12/2013	30/06/2014	10/07/2014	Dutch	PDF
Full model	31/12/2012	07/05/2013	27/11/2013	Dutch	PDF
Full model	31/12/2011	08/05/2012	11/09/2012	Dutch	PDF
Full model	31/12/2010	03/05/2011	30/08/2011	Dutch	PDF
Full model	31/12/2009	04/05/2010	27/07/2010	Dutch	PDF
Full model	31/12/2008	05/05/2009	30/09/2009	Dutch	PDF
Full model	31/12/2007	06/05/2008	29/08/2008	Dutch	PDF
Full model	31/12/2006	08/05/2007	21/06/2007	Dutch	PDF
Full model	31/12/2005	05/05/2006	23/05/2006	Dutch	PDF
Full model	31/12/2004	03/05/2005	31/05/2005	Dutch	PDF
Full model	31/12/2003	04/05/2004	26/05/2004	Dutch	PDF
Full model	31/12/2002	06/05/2003	06/06/2003	Dutch	PDF

View all 63 filings

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 6 ended

Active mandates

Christiaan Verschueren

Director · since 26 mai 2023

Active

Gauthier Cachbach

Director · since 01 septembre 2020

Active

Ended mandates

Natalia Noblet

Director · since 01 juillet 2022

Ended

Lisa Brown

Director · since 19 juin 2015 · until 31 août 2020

Ended

Nick Rens

Director · since 31 janvier 2009 · until 30 avril 2022

Ended

Nick Rens

Director · since 31 janvier 2009

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates07/10/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates07/06/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates29/07/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/07/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates02/02/2021
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - BENAMING - DIVERSEN - ONTSLAGEN - BENOEMINGEN
PDF
Mandates09/10/2020
ONTSLAGEN - BENOEMINGEN - WIJZIGING RECHTSVORM
PDF
Mandates14/04/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates26/06/2019
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

2025
Annual accounts 2025315,1 k €↓
2024
Annual accounts 2024434,9 k €↑
2023
Annual accounts 2023369,2 k €↑
2022
Annual accounts 2022227,2 k €↑
2021
Annual accounts 2021205,3 k €↑
2020
Annual accounts 202063,4 k €↓
2019
Annual accounts 2019221,8 k €↑
2018
Annual accounts 2018205,3 k €↑
2017
Annual accounts 2017178,6 k €↓
2016
Annual accounts 2016194,5 k €↓
2015
Annual accounts 2015207,4 k €↑
2014
Annual accounts 2014121,7 k €↓
2013
Annual accounts 2013252,1 k €↑
2012
Annual accounts 2012-99,6 k €↓
2011
Annual accounts 2011312,1 k €↑
2010
Annual accounts 2010191,5 k €↓
2009
Annual accounts 2009290,5 k €↓
2008
Annual accounts 2008502,1 k €↑
2007
Annual accounts 2007347,8 k €↑
2006
Annual accounts 2006320,9 k €
04/08/1911
IncorporationPrivate 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

ZF CV Distribution Belgium

Overview

What does ZF CV Distribution Belgium do?

Trend over 20 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