ACTIVE

ZULTIMMO

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Financial year 2025 · closed on 31/12/2025

Net result

-14,1 k €

+29.7% YoY

Gross margin

63,7 k €

+22.5% YoY

Equity

-3,6 k €

-134.7% YoY

What does ZULTIMMO do?

ZULTIMMO is a Private limited company incorporated in 1986. Its main activity is: Rental and operating of own or leased real estate. Its registered office is in Dentergem.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0428.567.378

Incorporation

21/02/1986

Legal form

Private limited company

Registered office

Wakkensesteenweg(Oes) 15
8720 Dentergem · FlandreSee on map

Contributed capital

286 000,00 €

Latest accounts

31/12/2025

Activities (NACE)

68201Rental and operating of own or leased real estate· main 68201Rental and operating of own or leased real estate 74142Specialised design activities 70200Management consultancy activities 70220Business and other management consultancy activities

Signals

Positive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2024		2023		2022		2021		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	63,7 k €	+22.5%	52 k €	+14.7%	45,3 k €	+21.9%	37,2 k €	+1603%	2,2 k €	+103%	-85 k €	-313%	-20,6 k €	+8.9%	-22,6 k €	+35.3%	-34,9 k €	+7.4%	-37,7 k €	-1539%	-2,3 k €	+94.5%	-41,8 k €	-202%	41,1 k €	-17.0%	49,5 k €	+2.1%	48,5 k €	+0.5%	48,2 k €	-3.2%	49,9 k €
EBITDA	59,9 k €	+24.6%	48,1 k €	+15.3%	41,7 k €	+73.7%	24 k €	+2521%	-991 €	+98.9%	-89,2 k €	-256%	-25,1 k €	+4.8%	-26,4 k €	+38.0%	-42,5 k €	-2.3%	-41,6 k €	-500%	-6,9 k €	+84.6%	-44,9 k €	-237%	32,8 k €	-30.8%	47,4 k €	+0.9%	47 k €	+0.3%	46,8 k €	-3.4%	48,5 k €
Operating result	-4,9 k €	+55.3%	-11 k €	-76.5%	-6,3 k €	+68.3%	-19,7 k €	+41.9%	-33,9 k €	+75.8%	-140 k €	-58.4%	-88,4 k €	-43.9%	-61,4 k €	+31.8%	-90 k €	-0.2%	-89,8 k €	-68.1%	-53,4 k €	+43.9%	-95,2 k €	-426%	-18,1 k €	-960%	-1,7 k €	+40.2%	-2,9 k €	-117%	17,1 k €	-21.8%	21,8 k €
Net result	-14,1 k €	+29.7%	-20,1 k €	-27.1%	-15,8 k €	+47.0%	-29,8 k €	+27.4%	-41,1 k €	+71.4%	-143,7 k €	-56.8%	-91,7 k €	-349%	-20,4 k €	+73.3%	-76,7 k €	-456%	-13,8 k €	+76.9%	-59,6 k €	+40.9%	-100,9 k €	-125%	406,9 k €	+3130%	-13,4 k €	-29.0%	-10,4 k €	-255%	6,7 k €	-28.1%	9,3 k €
Balance sheet
Equity	-3,6 k €	-135%	10,5 k €	-65.7%	30,6 k €	-34.1%	46,4 k €	-39.1%	76,3 k €	-60.8%	194,6 k €	-42.5%	338,3 k €	-21.3%	430 k €	-4.5%	450,4 k €	-14.5%	527,1 k €	-2.6%	540,9 k €	-9.9%	600,5 k €	-14.4%	701,3 k €	+138%	294,4 k €	-4.4%	307,8 k €	-3.3%	318,2 k €	+2.2%	311,5 k €
Total assets	2,9 M €	+19.1%	2,5 M €	-10.0%	2,7 M €	+45.2%	1,9 M €	-6.3%	2 M €	+6.2%	1,9 M €	+455%	340,2 k €	-21.8%	435,1 k €	-26.9%	595,1 k €	-19.1%	735,4 k €	-27.3%	1 M €	-7.4%	1,1 M €	-8.9%	1,2 M €	+104%	588,8 k €	-2.5%	603,9 k €	+1.6%	594,2 k €	+6.1%	559,7 k €
Cash	37,5 k €	+1844%	1,9 k €	-99.1%	218,6 k €	+6256%	3,4 k €	-59.3%	8,4 k €	-61.2%	21,8 k €	-71.8%	77,2 k €	-67.0%	234,2 k €	-34.8%	359,1 k €	-20.3%	450,8 k €	-29.2%	636,7 k €	-4.6%	667,6 k €	-8.7%	731,1 k €	+3058%	23,1 k €	-75.9%	95,9 k €	+4.6%	91,7 k €	-7.5%	99,2 k €
Debts	2,9 M €	+19.7%	2,4 M €	-9.4%	2,7 M €	+47.3%	1,8 M €	-5.0%	1,9 M €	+13.9%	1,7 M €	+89918%	1,9 k €	-63.5%	5,2 k €	-96.4%	144,7 k €	-30.5%	208,4 k €	-12.5%	238,1 k €	-8.3%	259,8 k €	-2.6%	266,6 k €	-6.4%	284,7 k €	+4.7%	271,8 k €	+3.2%	263,4 k €	+10.9%	237,6 k €
Other
Workforce	–		–		0,0 ETP		–		–		–		–		–		–		–		–		–		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 21 ended

Active mandates

Vincent Thiers

Director

Active

Ended mandates

Vincent Thiers

Director · since 05 avril 2017

Ended

Vincent Thiers

Manager · since 05 avril 2017

Ended

Julie Thiers

Director · since 08 mars 2017 · until 05 avril 2017

Ended

Tala Kfoury

Director · since 08 mars 2017 · until 05 avril 2017

Ended

At this address

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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	13/07/2026	03/07/2025	19/07/2024	06/07/2023	22/08/2022	28/06/2021
General meeting	26/06/2026	09/06/2025	28/06/2024	12/06/2023	30/06/2022	14/06/2021
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	26/06/2026	13/07/2026	Dutch	PDF
Abridged model	31/12/2024	09/06/2025	03/07/2025	Dutch	PDF
Abridged model	31/12/2023	28/06/2024	19/07/2024	Dutch	PDF
Abridged model	31/12/2022	12/06/2023	06/07/2023	Dutch	PDF
Abridged model	31/12/2021	30/06/2022	22/08/2022	Dutch	PDF
Abridged model	31/12/2020	14/06/2021	28/06/2021	Dutch	PDF
Abridged model	31/12/2019	30/06/2020	29/07/2020	Dutch	PDF
Abridged model	31/12/2018	10/06/2019	11/06/2019	Dutch	PDF
Abridged model	31/12/2017	30/06/2018	20/08/2018	Dutch	PDF
Abridged model	30/09/2016	23/01/2017	24/01/2017	Dutch	PDF
Abridged model	30/09/2015	11/01/2016	13/01/2016	Dutch	PDF
Abridged model	30/09/2014	12/01/2015	12/01/2015	Dutch	PDF
Abridged model	30/09/2013	03/02/2014	27/02/2014	Dutch	PDF
Abridged model	30/09/2012	04/03/2013	11/03/2013	Dutch	PDF
Abridged model	30/09/2011	29/02/2012	05/03/2012	Dutch	PDF
Abridged model	30/09/2010	14/02/2011	23/02/2011	Dutch	PDF
Abridged model	30/09/2009	20/03/2010	22/03/2010	Dutch	PDF
Abridged model	30/09/2008	02/02/2009	06/02/2009	Dutch	PDF
Abridged model	30/09/2007	14/02/2008	15/02/2008	Dutch	PDF
Abridged model	30/09/2006	08/03/2007	27/03/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

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 · 1 active · 21 ended

Active mandates

Vincent Thiers

Director

Active

Ended mandates

Vincent Thiers

Director · since 05 avril 2017

Ended

Vincent Thiers

Manager · since 05 avril 2017

Ended

Julie Thiers

Director · since 08 mars 2017 · until 05 avril 2017

Ended

Tala Kfoury

Director · since 08 mars 2017 · until 05 avril 2017

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates02/12/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Mandates12/05/2017
ONTSLAGEN - BENOEMINGEN - BOEKJAAR - WIJZIGING RECHTSVORM
PDF
Mandates13/04/2017
ONTSLAGEN - BENOEMINGEN
PDF
Mandates09/02/2017
ONTSLAGEN - BENOEMINGEN
PDF
Registered office08/04/2011
MAATSCHAPPELIJKE ZETEL
PDF
Mandates09/04/2010
ONTSLAGEN - BENOEMINGEN
PDF
Mandates18/03/2004
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 2025-14,1 k €↑
2024
Annual accounts 2024-20,1 k €↓
2023
Annual accounts 2023-15,8 k €↑
2022
Annual accounts 2022-29,8 k €↑
2021
Annual accounts 2021-41,1 k €↑
2018
Annual accounts 2018-143,7 k €↓
2017
Annual accounts 2017-91,7 k €↓
2016
Annual accounts 2016-20,4 k €↑
2015
Annual accounts 2015-76,7 k €↓
2014
Annual accounts 2014-13,8 k €↑
2013
Annual accounts 2013-59,6 k €↑
2012
Annual accounts 2012-100,9 k €↓
2011
Annual accounts 2011406,9 k €↑
2010
Annual accounts 2010-13,4 k €↓
2009
Annual accounts 2009-10,4 k €↓
2008
Annual accounts 20086,7 k €↓
2007
Annual accounts 20079,3 k €
21/02/1986
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

ZULTIMMO

Overview

What does ZULTIMMO do?

Trend over 17 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