ACTIVE

ZAGARA

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Financial year 2025 · closed on 31/12/2025

Net result

-66,9 k €

-107.6% YoY

Gross margin

-61 k €

-105.2% YoY

Equity

649,1 k €

-9.3% YoY

What does ZAGARA do?

ZAGARA is a Private limited company incorporated in 1986. Its registered office is in Bruxelles.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0428.580.939

Incorporation

20/02/1986

Legal form

Private limited company

Registered office

Avenue Louise 251
1050 Bruxelles · BruxellesSee on map

Contributed capital

6 197,33 €

Latest accounts

31/12/2025

Signals

Solid equityLow riskGood liquidity

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2007		2006
Income statement
Gross margin	-61 k €	-105%	1,2 M €	+2433%	45,9 k €	+12.7%	40,7 k €	+764%	-6,1 k €	-115%	41,1 k €	+39080%	-105,5 €	+99.3%	-16,1 k €	+17.4%	-19,4 k €	-9.7%	-17,7 k €	-1.7%	-17,4 k €	+7.3%	-18,8 k €	+26.6%	-25,6 k €	-109%	-12,2 k €	+18.9%	-15,1 k €	-8.4%	-13,9 k €	-148%	29 k €	-33.3%	43,5 k €	-10.6%	48,6 k €
EBITDA	-65,4 k €	-106%	1,2 M €	+2679%	41,5 k €	+15.0%	36,1 k €	+447%	-10,4 k €	-128%	36,8 k €	+953%	-4,3 k €	+79.0%	-20,5 k €	+13.9%	-23,9 k €	-4.8%	-22,8 k €	-18.0%	-19,3 k €	+13.3%	-22,2 k €	+24.2%	-29,4 k €	-64.4%	-17,9 k €	+15.7%	-21,2 k €	-51.9%	-14 k €	-169%	20,2 k €	-49.7%	40,2 k €	-11.8%	45,5 k €
Operating result	-66,8 k €	-106%	1,2 M €	+3608%	31,1 k €	+21.7%	25,5 k €	+222%	-20,9 k €	-180%	26,2 k €	+169%	-38,2 k €	-75.4%	-21,8 k €	+12.2%	-24,8 k €	-4.6%	-23,7 k €	-17.2%	-20,2 k €	+12.7%	-23,2 k €	+23.5%	-30,3 k €	-61.4%	-18,8 k €	+20.0%	-23,5 k €	+38.7%	-38,3 k €	-5237%	744,9 €	-96.4%	20,9 k €	-18.4%	25,6 k €
Net result	-66,9 k €	-108%	885 k €	+13381%	6,6 k €	+273%	1,8 k €	+104%	-45,5 k €	-2130%	2,2 k €	+104%	-56,3 k €	-23.1%	-45,8 k €	+9.3%	-50,5 k €	-2.3%	-49,3 k €	-7.4%	-45,9 k €	+31.1%	-66,6 k €	-26.7%	-52,6 k €	-58.1%	-33,3 k €	-50.9%	-22,1 k €	+56.0%	-50,1 k €	-120%	-22,8 k €	-248%	-6,6 k €	-186%	7,6 k €
Balance sheet
Equity	649,1 k €	-9.3%	716 k €	-33.8%	1,1 M €	+0.6%	1,1 M €	+294%	-554,9 k €	-8.9%	-509,3 k €	+0.4%	-511,6 k €	-12.4%	-455,2 k €	-11.2%	-409,5 k €	-14.1%	-359 k €	-15.9%	-309,7 k €	-17.4%	-263,8 k €	-620%	50,7 k €	-50.9%	103,3 k €	-24.4%	136,6 k €	-13.9%	158,7 k €	-24.0%	208,7 k €	-4.9%	219,6 k €	-2.9%	226,2 k €
Total assets	944,6 k €	-16.6%	1,1 M €	-41.9%	1,9 M €	-0.5%	2 M €	+474%	341,7 k €	-2.9%	351,8 k €	-2.5%	360,8 k €	-3.6%	374,1 k €	+0.0%	374 k €	-0.3%	374,9 k €	-0.3%	375,9 k €	-0.3%	376,8 k €	-39.7%	624,6 k €	+0.3%	623 k €	-16.8%	749 k €	+4.4%	717,6 k €	+9.4%	655,9 k €	+1.3%	647,2 k €	-0.5%	650,3 k €
Cash	237,7 k €		–		–		22,7 €		–		–		–		1,3 k €		–		–		–		–		–		–		–		–		–		–		4,3 k €
Debts	4,4 k €	-96.5%	125,8 k €	-83.6%	768,2 k €	-5.5%	813,1 k €	-4.3%	849,4 k €	+1.4%	837,5 k €	-2.1%	855,4 k €	+5.3%	812,4 k €	+6.1%	765,5 k €	+7.4%	712,6 k €	+7.1%	665,3 k €	+7.0%	621,9 k €	+11.4%	558,2 k €	+10.3%	506,2 k €	-15.7%	600,3 k €	+9.1%	550,1 k €	+27.2%	432,4 k €	+2.1%	423,5 k €	+0.8%	420,1 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 2 ended

Active mandates

Christine de Rudder

Director

Active

Ended mandates

Christine de Rudder

Administrator - manager

Ended

Christine de Rudder

Manager

Ended

At this address

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Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Closing of the financial year	31/12/2025	30/12/2024	30/12/2023	30/12/2022	30/12/2021	30/12/2020
Length of the financial year	13 months	13 months	13 months	13 months	13 months	13 months
Filing date	28/08/2026	01/09/2025	30/08/2024	01/09/2023	31/08/2022	30/12/2021
General meeting	13/08/2026	29/07/2025	29/08/2024	31/07/2023	29/06/2022	29/12/2021
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
Micro model	31/12/2025	13/08/2026	28/08/2026	French	PDF
Micro model	30/12/2024	29/07/2025	01/09/2025	French	PDF
Micro model	30/12/2023	29/08/2024	30/08/2024	French	PDF
Micro model	30/12/2022	31/07/2023	01/09/2023	French	PDF
Micro model	30/12/2021	29/06/2022	31/08/2022	French	PDF
Micro model	30/12/2020	29/12/2021	30/12/2021	French	PDF
Micro model	30/12/2019	31/07/2020	18/08/2020	French	PDF
Micro model	30/12/2018	29/05/2019	01/08/2019	French	PDF
Micro model	30/12/2017	31/08/2018	29/09/2018	French	PDF
Abridged model	30/12/2016	02/01/2017	12/08/2017	French	PDF
Abridged model	30/12/2015	30/06/2016	20/08/2016	French	PDF
Abridged model	30/12/2014	30/06/2015	19/08/2015	French	PDF
Abridged model	30/12/2013	30/06/2014	29/08/2014	French	PDF
Abridged model	30/12/2012	29/06/2013	30/08/2013	French	PDF
Abridged model	30/12/2011	20/06/2012	26/08/2012	French	PDF
Abridged model	30/12/2010	20/06/2011	23/06/2011	French	PDF
Abridged model	30/12/2009	30/06/2010	23/08/2010	French	PDF
Abridged model	30/12/2008	30/06/2009	30/04/2010	French	PDF
Abridged model	30/12/2007	02/01/2008	29/08/2008	French	PDF
Abridged model	30/12/2006	30/06/2007	29/08/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 · 1 active · 2 ended

Active mandates

Christine de Rudder

Director

Active

Ended mandates

Christine de Rudder

Administrator - manager

Ended

Christine de Rudder

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates17/04/2025
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DENOMINATION - SIEGE SOCIAL - OBJET - DEMISSIONS, NOMINATIONS - ANNEE COMPTABLE
PDF
Registered office16/03/2020
SIEGE SOCIAL - ADRESSE AUTRE QUE SIEGE SOCIAL
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 2025-66,9 k €↓
2024
Annual accounts 2024885 k €↑
2024
Name changeZAGARA
2023
Annual accounts 20236,6 k €↑
2022
Annual accounts 20221,8 k €↑
2021
Annual accounts 2021-45,5 k €↓
2021
Name changeImmobilière côté sud
2020
Annual accounts 20202,2 k €↑
2019
Annual accounts 2019-56,3 k €↓
2018
Annual accounts 2018-45,8 k €↑
2017
Annual accounts 2017-50,5 k €↓
2016
Annual accounts 2016-49,3 k €↓
2015
Annual accounts 2015-45,9 k €↑
2014
Annual accounts 2014-66,6 k €↓
2013
Annual accounts 2013-52,6 k €↓
2012
Annual accounts 2012-33,3 k €↓
2011
Annual accounts 2011-22,1 k €↑
2010
Annual accounts 2010-50,1 k €↓
2009
Annual accounts 2009-22,8 k €↓
2007
Annual accounts 2007-6,6 k €↓
2006
Annual accounts 20067,6 k €
20/02/1986
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

ZAGARA

Overview

What does ZAGARA do?

Trend over 19 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