ACTIVE

Zeplin

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Financial year 2025 · closed on 31/12/2025

Net result

187,5 k €

-39.9% YoY

Gross margin

2,3 M €

+4.1% YoY

Equity

2,8 M €

+5.9% YoY

Workforce

28,0 ETP

+6.1% YoY

What does Zeplin do?

Zeplin is a Non-profit organization incorporated in 1969. Its main activity is: Pre-primary education. Its registered office is in Bierbeek. It employs on average 28,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0410.571.108

Incorporation

12/07/1969

Legal form

Non-profit organization

Registered office

Klein Park 9
3360 Bierbeek · FlandreSee on map

Latest accounts

31/12/2025

Average workforce

28,0 ETP

Activities (NACE)

85143Pre-primary education· main 86905Other human health activities 86951Other human health activities 86959Other human health activities 47740Retail sale of medical and orthopaedic goods in specialised stores 47741Retail sale of medical and orthopaedic goods in specialised stores

Joint committees (3)

1
330
33001

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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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
Gross margin	2,3 M €	+4.1%	2,3 M €	-2.4%	2,3 M €	+12.0%	2,1 M €	+16.3%	1,8 M €	+14.0%	1,6 M €	-1.9%	1,6 M €	+12.2%	1,4 M €	+6.2%	1,3 M €	+3.1%	1,3 M €	-0.3%	1,3 M €	+205%	424,8 k €	+8.4%	391,8 k €	-0.3%	393,1 k €	+10.1%	357,1 k €	+11.1%	321,5 k €	+0.1%	321,1 k €	+6.4%	301,8 k €
EBITDA	209 k €	+211%	67,3 k €	-70.6%	228,9 k €	+113%	107,6 k €	-21.9%	137,8 k €	+392%	-47,2 k €	-121%	222,1 k €	+427%	42,1 k €	+1776%	-2,5 k €	+67.1%	-7,6 k €	-173%	10,5 k €	+41.7%	7,4 k €	+168%	-10,9 k €	-375%	4 k €	-5.9%	4,2 k €	-27.8%	5,8 k €	-60.2%	14,7 k €	+205%	4,8 k €
Operating result	181,1 k €	+432%	34 k €	-83.2%	202,9 k €	+132%	87,6 k €	-28.1%	121,9 k €	+284%	-66,1 k €	-134%	195,8 k €	+783%	22,2 k €	+214%	-19,5 k €	+10.5%	-21,7 k €	-231%	-6,6 k €	-1016%	717,6 €	+104%	-18,2 k €	-419%	-3,5 k €	-228%	-1,1 k €	-134%	3,2 k €	-72.4%	11,4 k €	+781%	1,3 k €
Net result	187,5 k €	-39.9%	311,8 k €	+55.2%	200,9 k €	-13.6%	232,6 k €	+90.3%	122,2 k €	+284%	-66,2 k €	-134%	194,8 k €	+1046%	17 k €	+179%	-21,5 k €	+10.8%	-24,1 k €	-432%	7,2 k €	+876%	742,2 €	+104%	-17,1 k €	-509%	4,2 k €	+82.2%	2,3 k €	-72.5%	8,4 k €	-44.8%	15,1 k €	+439%	2,8 k €
Balance sheet
Equity	2,8 M €	+5.9%	2,7 M €	+12.2%	2,4 M €	+10.7%	2,1 M €	+13.6%	1,9 M €	+6.9%	1,8 M €	-3.6%	1,8 M €	+11.9%	1,6 M €	+1.0%	1,6 M €	-1.3%	1,6 M €	-1.4%	1,7 M €	+690%	210,9 k €	+0.4%	210,2 k €	-7.5%	227,3 k €	+1.9%	223,1 k €	+1.0%	220,8 k €	+3.9%	212,5 k €	+162%	-344,7 k €
Total assets	3,2 M €	+4.1%	3,1 M €	+7.4%	2,9 M €	+5.6%	2,7 M €	+21.8%	2,2 M €	+11.6%	2 M €	-2.6%	2,1 M €	+9.7%	1,9 M €	+2.4%	1,8 M €	-1.3%	1,9 M €	-4.8%	1,9 M €	+587%	283,4 k €	+1.0%	280,6 k €	-3.8%	291,6 k €	+6.3%	274,4 k €	+0.6%	272,9 k €	+3.7%	263,1 k €	+7.3%	245,3 k €
Cash	958 k €	-8.9%	1,1 M €	+35.7%	774,9 k €	+218%	243,7 k €	-50.8%	495,3 k €	+41.9%	349,1 k €	-77.0%	1,5 M €	+9.4%	1,4 M €	-0.3%	1,4 M €	-9.4%	1,5 M €	+2.2%	1,5 M €	+877%	154,1 k €	-31.6%	225,4 k €	-8.2%	245,6 k €	+42.3%	172,5 k €	-12.4%	197 k €	+16.2%	169,5 k €	+9.1%	155,4 k €
Debts	393,8 k €	-5.0%	414,7 k €	-15.9%	493 k €	-8.1%	536,3 k €	+62.9%	329,1 k €	+38.7%	237,3 k €	+5.9%	224,1 k €	-5.1%	236,2 k €	+13.2%	208,7 k €	-1.4%	211,6 k €	-24.5%	280 k €	+286%	72,5 k €	+3.0%	70,4 k €	+9.5%	64,3 k €	+25.3%	51,3 k €	-1.4%	52,1 k €	+2.8%	50,7 k €	-91.4%	590 k €
Other
Workforce	28,0 ETP	+6.1%	26,4 ETP	-0.8%	26,6 ETP	+1.5%	26,2 ETP	+16.4%	22,5 ETP	-5.1%	23,7 ETP	+12.3%	21,1 ETP	+5.0%	20,1 ETP	-1.5%	20,4 ETP	-2.9%	21,0 ETP	0.0%	21,0 ETP	+213%	6,7 ETP	0.0%	6,7 ETP	+1.5%	6,6 ETP	+8.2%	6,1 ETP	+8.9%	5,6 ETP	+14.3%	4,9 ETP	0.0%	4,9 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 · 8 active · 15 ended

Active mandates

Christian Desloovere

Director · since 21 octobre 2025

Active

Birgit PHILIPS

Director · since 21 juin 2023

Active

Brigitte Caluwaerts

Director · since 21 juin 2023

Active

Dorien De Ryck

Director · since 21 juin 2023 · until 10 novembre 2025

Active

Erik VANWOENSEL

Director · since 15 juin 2022

Active

Ines Vandenbussche

Director · since 15 juin 2022

Active

Jean STEYAERT

Director · since 15 juin 2022

Active

Sebastian DE BOER

Chairman of the board of directors · since 24 juin 2021

Active

Ended mandates

Dorien DE RYCK

Director · since 21 juin 2023

Ended

Sebastian De Boer

Director · since 24 juin 2021

Ended

Elza Matthyssen

Director

Ended

Erik Vanwoensel

Mandate

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged 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	25/08/2026	18/06/2025	28/06/2024	14/07/2023	25/07/2022	31/08/2021
General meeting	07/04/2026	22/04/2025	22/04/2024	21/06/2023	15/06/2022	24/06/2021
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
Abridged model	31/12/2025	07/04/2026	25/08/2026	Dutch	PDF
Abridged model	31/12/2024	22/04/2025	18/06/2025	Dutch	PDF
Abridged model	31/12/2023	22/04/2024	28/06/2024	Dutch	PDF
Abridged model	31/12/2022	21/06/2023	14/07/2023	Dutch	PDF
Abridged model	31/12/2021	15/06/2022	25/07/2022	Dutch	PDF
Abridged model	31/12/2020	24/06/2021	31/08/2021	Dutch	PDF
Abridged model	31/12/2019	07/07/2020	18/08/2020	Dutch	PDF
Abridged model	31/12/2018	26/06/2019	21/07/2019	Dutch	PDF
Abridged model	31/12/2017	06/06/2018	10/07/2018	Dutch	PDF
Abridged model	31/12/2016	31/05/2017	19/06/2017	Dutch	PDF
Abridged model	31/12/2015	15/06/2016	11/07/2016	Dutch	PDF
Abridged model	31/12/2014	03/06/2015	18/06/2015	Dutch	PDF
Abridged model	31/12/2013	05/06/2014	11/06/2014	Dutch	PDF
Abridged model	31/12/2012	05/06/2013	14/06/2013	Dutch	PDF
Abridged model	31/12/2011	07/05/2012	21/05/2012	Dutch	PDF
Abridged model	31/12/2010	01/06/2011	08/06/2011	Dutch	PDF
Abridged model	31/12/2009	08/04/2010	04/05/2010	Dutch	PDF
Abridged model	31/12/2008	16/04/2009	08/05/2009	Dutch	PDF
Abridged model	31/12/2007	10/04/2008	09/05/2008	Dutch	PDF
Abridged model	31/12/2006	20/06/2007	05/07/2007	Dutch	PDF

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 · 8 active · 15 ended

Active mandates

Christian Desloovere

Director · since 21 octobre 2025

Active

Birgit PHILIPS

Director · since 21 juin 2023

Active

Brigitte Caluwaerts

Director · since 21 juin 2023

Active

Dorien De Ryck

Director · since 21 juin 2023 · until 10 novembre 2025

Active

Erik VANWOENSEL

Director · since 15 juin 2022

Active

Ines Vandenbussche

Director · since 15 juin 2022

Active

Jean STEYAERT

Director · since 15 juin 2022

Active

Sebastian DE BOER

Chairman of the board of directors · since 24 juin 2021

Active

Ended mandates

Dorien DE RYCK

Director · since 21 juin 2023

Ended

Sebastian De Boer

Director · since 24 juin 2021

Ended

Elza Matthyssen

Director

Ended

Erik Vanwoensel

Mandate

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates10/03/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/12/2023
ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates21/11/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates19/08/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates04/02/2021
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates16/12/2014
BENAMING - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates18/05/2007
ONTSLAGEN - BENOEMINGEN
PDF
Mandates31/03/2006
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 2025187,5 k €↓
2024
Annual accounts 2024311,8 k €↑
2023
Annual accounts 2023200,9 k €↓
2022
Annual accounts 2022232,6 k €↑
2021
Annual accounts 2021122,2 k €↑
2020
Annual accounts 2020-66,2 k €↓
2019
Annual accounts 2019194,8 k €↑
2018
Annual accounts 201817 k €↑
2017
Annual accounts 2017-21,5 k €↑
2016
Annual accounts 2016-24,1 k €↓
2015
Annual accounts 20157,2 k €↑
2014
Annual accounts 2014742,2 €↑
2014
Name changeZEPLIN
2013
Annual accounts 2013-17,1 k €↓
2012
Annual accounts 20124,2 k €↑
2011
Annual accounts 20112,3 k €↓
2010
Annual accounts 20108,4 k €↓
2009
Annual accounts 200915,1 k €↑
2008
Annual accounts 20082,8 k €
2008
Name changeRevalidatiecentrum Levensvreugde
12/07/1969
IncorporationNon-profit organization

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

Zeplin

Overview

What does Zeplin do?

Trend over 18 financial years

Indicative valuation

Board of directors

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