ACTIVE

IMMO ZB

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Financial year 2025 · closed on 31/12/2025
Net result
209,6 k €
+366.7% YoY
Gross margin
609 k €
+36.9% YoY
Equity
1,6 M €
+10.1% YoY

What does IMMO ZB do?

IMMO ZB is a Public limited company incorporated in 1968. Its main activity is: Activities of holding companies. Its registered office is in Brugge.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0406.232.040
Incorporation
01/03/1968
Legal form
Public limited company
Registered office
Dr. Zamenhoflaan 13A
8310 Brugge · FlandreSee on map
Contributed capital
75 000,00 €
Latest accounts
31/12/2025
Activities (NACE)
64200Activities of holding companies· main64210Activities of holding companies
Signals
ProfitableSolid equityLow riskPositive cashflowPositive EBITDA
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 10 financial years

2025202420232022202120102009200820072006
Income statement
Gross margin609 k €444,8 k €507,9 k €456,8 k €413,1 k €374 k €214,7 k €176,7 k €201,3 k €68,9 k €
EBITDA554,3 k €392,3 k €457,5 k €407 k €367,2 k €343,4 k €191,6 k €156,7 k €181,9 k €29,6 k €
Operating result279,3 k €125,7 k €210,5 k €158,2 k €108,8 k €227,1 k €-15,2 k €73,8 k €50,2 k €-128,8 k €
Net result209,6 k €44,9 k €123,7 k €101,1 k €80,6 k €190,7 k €-28,7 k €99,8 k €119,4 k €-60,6 k €
Balance sheet
Equity1,6 M €1,5 M €1,4 M €1,4 M €1,3 M €1,9 M €1,7 M €1,8 M €1,7 M €1,5 M €
Total assets2,6 M €2,6 M €2,8 M €2,8 M €2,7 M €2,9 M €2,7 M €2,7 M €2,5 M €2,4 M €
Cash276,1 k €87,1 k €151,1 k €73,5 k €122,7 k €1,1 M €20,4 k €974 k €25,9 k €81,9 k €
Debts934,7 k €991,1 k €1,3 M €1,3 M €1,4 M €939,8 k €922,9 k €932,9 k €872,4 k €903,7 k €
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 · 15 ended

Active mandates

Francis Maenhout

Managing director · since 15 mai 2021 · until 15 mai 2027

Active
Linda Provoost

Director · since 15 mai 2021 · until 15 mai 2027

Active

Ended mandates

Francis Maenhout

Gedelegeerd bestuurder · since 15 mai 2021 · until 15 mai 2027

Ended
Linda Provoost

Bestuurder · since 15 mai 2021 · until 15 mai 2027

Ended
Francis Maenhout

Gedelegeerd bestuurder · since 16 mai 2015 · until 15 mai 2021

Ended
Francis Maenhout

Managing director · since 16 mai 2015 · until 15 mai 2021

Ended
Annual accounts

Full financial information

202520242023202220212020
Type of accountMicro modelMicro modelMicro modelMicro modelMicro modelMicro 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 date28/08/202609/09/202512/07/202406/06/202320/07/202230/08/2021
General meeting30/06/202608/09/202518/05/202420/05/202321/05/202215/05/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202530/06/202628/08/2026DutchPDF
Micro model31/12/202408/09/202509/09/2025DutchPDF
Micro model31/12/202318/05/202412/07/2024DutchPDF
Micro model31/12/202220/05/202306/06/2023DutchPDF
Micro model31/12/202121/05/202220/07/2022DutchPDF
Micro model31/12/202015/05/202130/08/2021DutchPDF
Micro model31/12/201916/05/202030/06/2020DutchPDF
Micro model31/12/201818/05/201907/06/2019DutchPDF
Micro model31/12/201719/05/201823/08/2018DutchPDF
Micro model31/12/201620/05/201722/06/2017DutchPDF
Abridged model31/12/201521/05/201606/06/2016DutchPDF
Abridged model31/12/201416/05/201526/06/2015DutchPDF
Abridged model31/12/201317/05/201424/06/2014DutchPDF
Abridged model31/12/201218/05/201318/07/2013DutchPDF
Abridged model31/12/201119/05/201220/06/2012DutchPDF
Abridged model31/12/201021/05/201108/07/2011DutchPDF
Abridged model31/12/200915/05/201030/06/2010DutchPDF
Abridged model31/12/200816/05/200929/06/2009DutchPDF
Abridged model31/12/200717/05/200827/06/2008DutchPDF
Abridged model31/12/200619/05/200715/06/2007DutchPDF
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 · 15 ended

Active mandates

Francis Maenhout

Managing director · since 15 mai 2021 · until 15 mai 2027

Active
Linda Provoost

Director · since 15 mai 2021 · until 15 mai 2027

Active

Ended mandates

Francis Maenhout

Gedelegeerd bestuurder · since 15 mai 2021 · until 15 mai 2027

Ended
Linda Provoost

Bestuurder · since 15 mai 2021 · until 15 mai 2027

Ended
Francis Maenhout

Gedelegeerd bestuurder · since 16 mai 2015 · until 15 mai 2021

Ended
Francis Maenhout

Managing director · since 16 mai 2015 · until 15 mai 2021

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates27/12/2022
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares27/02/2018
    KAPITAAL - AANDELEN
    PDF
  • Mandates04/06/2015
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares21/02/2014
    KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Mandates01/09/2009
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares05/02/2009
    KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Registered office01/03/2005
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates12/09/2003
    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

Timeline

  1. 2025
    Annual accounts 2025209,6 k €↑
  2. 2024
    Annual accounts 202444,9 k €↓
  3. 2024
    Name changeImmo Z.B.
  4. 2023
    Annual accounts 2023123,7 k €↑
  5. 2022
    Annual accounts 2022101,1 k €↑
  6. 2021
    Annual accounts 202180,6 k €↓
  7. 2021
    Name changeImmo ZB
  8. 2010
    Annual accounts 2010190,7 k €↑
  9. 2009
    Annual accounts 2009-28,7 k €↓
  10. 2008
    Annual accounts 200899,8 k €↓
  11. 2007
    Annual accounts 2007119,4 k €↑
  12. 2006
    Annual accounts 2006-60,6 k €
  13. 01/03/1968
    IncorporationPublic limited company