ACTIVE

ZANETTI

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Financial year 2025 · closed on 31/12/2025

Net result

450,2 k €

+2.7% YoY

Revenue

979,8 k €

Equity

1,5 M €

+42.6% YoY

Workforce

5,4 ETP

+3.8% YoY

What does ZANETTI do?

ZANETTI is a Public limited company incorporated in 1979. Its registered office is in Liège. It employs on average 5,4 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0419.265.474

Incorporation

03/03/1979

Legal form

Public limited company

Registered office

Rue des Bayards 24
4000 Liège · WallonieSee on map

Contributed capital

223 104,17 €

Latest accounts

31/12/2025

Average workforce

5,4 ETP

Joint committees (3)

Contacts

2 public details availableLog in to view

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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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
Revenue	979,8 k €		–		–		–		–		–		–		–		–		–		–		–		–		818,4 k €	+6.0%	772,4 k €	-4.6%	809,9 k €	-21.9%	1 M €	-9.4%	1,1 M €
EBITDA	625,1 k €	-3.9%	650,7 k €	+263%	179,4 k €	-48.9%	351 k €	+7.7%	325,8 k €	+35.9%	239,8 k €	+63.2%	147 k €	-52.1%	306,7 k €	+100%	153,1 k €	-47.8%	293,2 k €	+59.0%	184,4 k €	-4.4%	192,9 k €	+145%	78,8 k €	-24.2%	104 k €	-17.1%	125,5 k €	+22.0%	102,8 k €	-17.2%	124,1 k €	+22.9%	101 k €
Operating result	603,3 k €	+1.0%	597,2 k €	+331%	138,5 k €	-56.2%	316 k €	+16.0%	272,4 k €	+54.0%	176,9 k €	+140%	73,6 k €	-68.4%	233,3 k €	+180%	83,3 k €	-63.4%	227,2 k €	+81.0%	125,6 k €	-6.6%	134,5 k €	+344%	30,3 k €	-43.2%	53,3 k €	+9.1%	48,9 k €	+362%	10,6 k €	-82.4%	60,1 k €	+60.1%	37,5 k €
Net result	450,2 k €	+2.7%	438,3 k €	+321%	104,2 k €	-53.6%	224,6 k €	+17.7%	190,8 k €	+41.4%	134,9 k €	+282%	35,4 k €	-77.4%	156,7 k €	+238%	46,4 k €	-70.7%	158,7 k €	+65.3%	96,1 k €	-1.8%	97,8 k €	+921%	9,6 k €	-76.3%	40,4 k €	-35.4%	62,5 k €	+417%	-19,7 k €	-134%	57,4 k €	+136%	24,3 k €
Balance sheet
Equity	1,5 M €	+42.6%	1,1 M €	+71.0%	617,8 k €	+0.7%	613,6 k €	-4.0%	639 k €	+42.6%	448,2 k €	-5.5%	474,3 k €	-4.7%	498 k €	-37.8%	800,3 k €	+0.4%	796,8 k €	+12.3%	709,5 k €	+3.0%	688,7 k €	+6.4%	647,6 k €	-8.4%	706,9 k €	+3.4%	683,5 k €	+7.5%	636 k €	-12.0%	722,7 k €	+5.9%	682,4 k €
Total assets	1,8 M €	+42.1%	1,2 M €	+19.7%	1 M €	-8.0%	1,1 M €	+25.8%	897,8 k €	+3.8%	865 k €	+21.2%	713,5 k €	-5.5%	754,6 k €	-24.4%	998,2 k €	+0.4%	994,4 k €	+17.2%	848,6 k €	+4.8%	809,7 k €	+8.2%	748,3 k €	-3.3%	774 k €	+4.8%	738,7 k €	-0.2%	740,1 k €	-17.1%	892,9 k €	+0.5%	888,2 k €
Cash	304,1 k €	-50.6%	615,2 k €	+117%	283 k €	+85.4%	152,7 k €	-55.0%	339,1 k €	-9.5%	374,6 k €	+144%	153,7 k €	-22.3%	197,8 k €	-56.1%	450,2 k €	-3.5%	466,6 k €	+23.0%	379,3 k €	+38.2%	274,4 k €	+33.7%	205,3 k €	+46.9%	139,8 k €	+42.1%	98,3 k €	+20.9%	81,3 k €	-17.6%	98,7 k €	-10.4%	110,2 k €
Debts	260,9 k €	+42.5%	183 k €	-55.6%	412,7 k €	-18.6%	507,1 k €	+105%	247,8 k €	-38.3%	401,7 k €	+85.0%	217,1 k €	-0.3%	217,8 k €	+33.8%	162,8 k €	+4.2%	156,2 k €	+12.2%	139,2 k €	+15.5%	120,5 k €	+20.1%	100,3 k €	+50.7%	66,6 k €	+21.6%	54,8 k €	-47.0%	103,3 k €	-39.1%	169,7 k €	-16.9%	204,3 k €
Other
Workforce	5,4 ETP	+3.8%	5,2 ETP	0.0%	5,2 ETP	+57.6%	3,3 ETP	-48.4%	6,4 ETP	-8.6%	7,0 ETP	-22.2%	9,0 ETP	0.0%	9,0 ETP	0.0%	9,0 ETP	+12.5%	8,0 ETP	0.0%	8,0 ETP	-15.8%	9,5 ETP	+2.2%	9,3 ETP	0.0%	9,3 ETP	+3.3%	9,0 ETP	-16.7%	10,8 ETP	+8.0%	10,0 ETP	-13.8%	11,6 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 · 3 active · 17 ended

Active mandates

WEL CONSULT ENERGY

Director · since 05 septembre 2025 · 0780.768.341

Represented by ERIC WEGRIA

Active

MLS MANAGEMENT

Director · since 26 juin 2025 · 0713.875.062

Represented by Suayip MILASLI

Active

Klinkenberg Group

Director · since 26 mai 2025 · 1009.468.409

Represented by Christophe KLINKENBERG

Active

Ended mandates

WEL CONSULT ENERGY

Director · since 07 février 2022 · 0780.768.341

Represented by ERIC WEGRIA

Ended

CHRISTINE ZANETTI

Director · since 04 mai 2015 · until 04 mai 2021

Ended

CHRISTINE ZANETTI

Director · since 04 mai 2015

Ended

DANIEL ZANETTI

Director · since 04 mai 2015 · until 04 mai 2021

Ended

At this address

Other companies at this address

Company	CBE no.
ENERGIE ET CONFORT● Active	0464.029.588
LE COMPTOIR DES ENERGIES● Active	0688.638.038

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	29/06/2026	27/05/2025	01/07/2024	31/07/2023	08/07/2022	31/08/2021
General meeting	02/05/2026	02/05/2025	03/05/2024	16/05/2023	06/05/2022	07/05/2021
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	02/05/2026	29/06/2026	French	PDF
Abridged model	31/12/2024	02/05/2025	27/05/2025	French	PDF
Abridged model	31/12/2023	03/05/2024	01/07/2024	French	PDF
Abridged model	31/12/2022	16/05/2023	31/07/2023	French	PDF
Abridged model	31/12/2021	06/05/2022	08/07/2022	French	PDF
Abridged model	31/12/2020	07/05/2021	31/08/2021	French	PDF
Abridged model	31/12/2019	20/05/2020	14/07/2020	French	PDF
Abridged model	31/12/2018	03/05/2019	27/08/2019	French	PDF
Abridged model	31/12/2017	05/05/2018	23/05/2018	French	PDF
Abridged model	31/12/2016	06/05/2017	22/05/2017	French	PDF
Abridged model	31/12/2015	02/05/2016	25/05/2016	French	PDF
Abridged model	31/12/2014	04/05/2015	20/05/2015	French	PDF
Abridged model	31/12/2013	03/05/2014	21/05/2014	French	PDF
Abridged model	31/12/2012	04/05/2013	28/05/2013	French	PDF
Abridged model	31/12/2011	05/05/2012	26/06/2012	French	PDF
Abridged model	31/12/2010	07/05/2011	31/05/2011	French	PDF
Abridged model	31/12/2009	03/05/2010	05/05/2010	French	PDF
Abridged model	31/12/2008	02/05/2009	26/05/2009	French	PDF
Abridged model	31/12/2007	03/05/2008	16/06/2008	French	PDF
Abridged model	31/12/2006	05/05/2007	09/05/2007	French	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 · 3 active · 17 ended

Active mandates

WEL CONSULT ENERGY

Director · since 05 septembre 2025 · 0780.768.341

Represented by ERIC WEGRIA

Active

MLS MANAGEMENT

Director · since 26 juin 2025 · 0713.875.062

Represented by Suayip MILASLI

Active

Klinkenberg Group

Director · since 26 mai 2025 · 1009.468.409

Represented by Christophe KLINKENBERG

Active

Ended mandates

WEL CONSULT ENERGY

Director · since 07 février 2022 · 0780.768.341

Represented by ERIC WEGRIA

Ended

CHRISTINE ZANETTI

Director · since 04 mai 2015 · until 04 mai 2021

Ended

CHRISTINE ZANETTI

Director · since 04 mai 2015

Ended

DANIEL ZANETTI

Director · since 04 mai 2015 · until 04 mai 2021

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates21/10/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates29/08/2025
DEMISSIONS, NOMINATIONS
PDF
Registered office31/12/2024
SIEGE SOCIAL
PDF
Mandates29/03/2022
DEMISSIONS, NOMINATIONS
PDF
Capital / shares27/04/2018
CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates04/06/2015
DEMISSIONS, NOMINATIONS
PDF
Mandates27/03/2014
DEMISSIONS, NOMINATIONS
PDF
Mandates06/03/2014
DEMISSIONS, NOMINATIONS
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 2025450,2 k €↑
2024
Annual accounts 2024438,3 k €↑
2023
Annual accounts 2023104,2 k €↓
2022
Annual accounts 2022224,6 k €↑
2021
Annual accounts 2021190,8 k €↑
2020
Annual accounts 2020134,9 k €↑
2019
Annual accounts 201935,4 k €↓
2018
Annual accounts 2018156,7 k €↑
2017
Annual accounts 201746,4 k €↓
2016
Annual accounts 2016158,7 k €↑
2015
Annual accounts 201596,1 k €↓
2014
Annual accounts 201497,8 k €↑
2013
Annual accounts 20139,6 k €↓
2012
Annual accounts 201240,4 k €↓
2011
Annual accounts 201162,5 k €↑
2010
Annual accounts 2010-19,7 k €↓
2009
Annual accounts 200957,4 k €↑
2008
Annual accounts 200824,3 k €
03/03/1979
IncorporationPublic 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

ZANETTI

Overview

What does ZANETTI do?

Trend over 18 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