ACTIVE

Zabra Business Units

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Financial year 2025 · closed on 31/12/2025

Net result

1,1 M €

+302.1% YoY

Revenue

11,5 M €

Equity

2,5 M €

+5.1% YoY

What does Zabra Business Units do?

Zabra Business Units is a Public limited company incorporated in 1989. Its main activity is: Development of building projects. Its registered office is in Gent.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0437.249.175

Incorporation

07/04/1989

Legal form

Public limited company

Registered office

Antoon Catriestraat 8A
9031 Gent · FlandreSee on map

Contributed capital

62 200,00 €

Latest accounts

31/12/2025

Activities (NACE)

41102Development of building projects· main 68122Buying and selling of own real estate 68203Rental and operating of own or leased real estate 68203Rental and operating of own or leased real estate 68204Rental and operating of own or leased real estate 68204Rental and operating of own or leased real estate+2

Joint committees (2)

Signals

ProfitableLow riskGood liquidityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

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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		2008		2007
Income statement
Revenue	11,5 M €		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–
EBITDA	1,3 M €	+183%	447,2 k €	-87.9%	3,7 M €	+216%	1,2 M €	+69965%	1,7 k €	-89.6%	16,1 k €	-67.0%	48,8 k €	+91.4%	25,5 k €	-3.9%	26,5 k €	+141%	-64,1 k €	-5272%	-1,2 k €	+80.4%	-6,1 k €	-239%	4,4 k €	+132%	-13,9 k €	-53.3%	-9,1 k €	+19.0%	-11,2 k €	+23.7%	-14,6 k €	-37.8%	-10,6 k €	-171%	15,1 k €
Operating result	1,2 M €	+198%	401,1 k €	-88.9%	3,6 M €	+217%	1,1 M €	+68489%	1,7 k €	-89.6%	16,1 k €	-61.6%	41,9 k €	+64.4%	25,5 k €	-3.9%	26,5 k €	+141%	-64,1 k €	-413%	-12,5 k €	+28.3%	-17,4 k €	-105%	-8,5 k €	+68.4%	-26,9 k €	-25.3%	-21,5 k €	-3.0%	-20,8 k €	+14.3%	-24,3 k €	-38.9%	-17,5 k €	-294%	9,0 k €
Net result	1,1 M €	+302%	273,3 k €	-90.9%	3,0 M €	+215%	956,2 k €	+78902%	1,2 k €	-88.9%	10,9 k €	-61.6%	28,5 k €	+128%	12,5 k €	-33.0%	18,6 k €	-89.0%	169,8 k €	+1585%	-11,4 k €	+32.6%	-17,0 k €	-147%	-6,9 k €	+72.4%	-24,9 k €	-160%	41,7 k €	+323%	-18,7 k €	-127%	69,5 k €	+521%	-16,5 k €	-270%	9,7 k €
Balance sheet
Equity	2,5 M €	+5.1%	2,4 M €	+1.0%	2,4 M €	+283%	624,4 k €	+133%	268,2 k €	+0.5%	267,0 k €	+4.3%	256,0 k €	+12.5%	227,5 k €	-3.5%	235,8 k €	+3.8%	227,2 k €	-48.6%	442,0 k €	-2.5%	453,4 k €	-9.7%	502,3 k €	-1.4%	509,2 k €	-4.7%	534,1 k €	+8.5%	492,3 k €	-3.7%	511,0 k €	+15.7%	441,5 k €	-3.6%	458,0 k €
Total assets	11,9 M €	-0.9%	12,0 M €	+8.1%	11,1 M €	-8.8%	12,1 M €	+1874%	615,3 k €	-0.4%	617,6 k €	-0.7%	621,7 k €	+150%	248,3 k €	-13.0%	285,4 k €	-23.2%	371,7 k €	-19.6%	462,4 k €	-4.0%	481,8 k €	-7.7%	521,7 k €	-2.1%	533,0 k €	-6.7%	571,5 k €	+10.5%	517,2 k €	-4.0%	539,0 k €	+17.2%	459,7 k €	-3.0%	473,8 k €
Cash	620,6 k €	-59.5%	1,5 M €	+916%	150,9 k €	-92.6%	2,0 M €	+5636%	35,6 k €	-29.2%	50,4 k €	-2.8%	51,8 k €	+261%	14,4 k €	-68.6%	45,7 k €	-66.9%	138,2 k €	-5.9%	146,7 k €	-6.5%	157,0 k €	-11.5%	177,5 k €	-0.9%	179,1 k €	-14.8%	210,2 k €	+33.9%	157,0 k €	-9.6%	173,7 k €	+188%	60,3 k €	-15.8%	71,6 k €
Debts	8,9 M €	+10.3%	8,1 M €	-5.0%	8,5 M €	-24.2%	11,2 M €	+3140%	347,2 k €	+1.5%	341,9 k €	-5.0%	359,9 k €	+1632%	20,8 k €	-4.1%	21,7 k €	-75.1%	86,9 k €	+349%	19,3 k €	-31.8%	28,4 k €	+103%	13,9 k €	-41.4%	23,8 k €	-35.6%	36,9 k €	+48.5%	24,9 k €	-10.9%	27,9 k €	+53.5%	18,2 k €	+15.1%	15,8 k €
Other
Workforce	–		–		–		–		–		–		–		0,3 ETP	-40.0%	0,5 ETP	0.0%	0,5 ETP	0.0%	0,5 ETP	0.0%	0,5 ETP	0.0%	0,5 ETP	0.0%	0,5 ETP	0.0%	0,5 ETP	0.0%	0,5 ETP	0.0%	0,5 ETP	0.0%	0,5 ETP	0.0%	0,5 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 · 13 ended

Active mandates

BRACODEV

Director · since 19 novembre 2021 · until 21 mai 2027 · 0518.932.677

Represented by Laurens BRANTEGEM

Active

HENNIA

Managing director · since 19 novembre 2021 · until 21 mai 2027 · 0873.248.240

Represented by Vermeersch CHRISTINE

Active

SOBRADIS

Director · since 19 novembre 2021 · until 21 mai 2027 · 0442.311.486

Represented by Joris BRANTEGEM

Active

Ended mandates

Christian Simonis

Managing director · since 30 mai 2018 · until 30 mai 2024

Ended

Philippe Bohez

Director · since 30 mai 2018 · until 30 mai 2024

Ended

Philippe GREISCH

Director · since 30 mai 2018 · until 30 mai 2024

Ended

Christian Bourseaux

Director · since 30 mai 2012 · until 30 mai 2018

Ended

At this address

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"IMMO PÉAGE"● Active	0714.991.354
SOBRADIS● Active	0442.311.486
SOBRIMMO● Active	0538.705.831
Tijdelijke Maatschap Les Câbleries● Active	0757.935.927
WATERZANDE HOLDING● Active	0756.932.867
ZABRA REAL ESTATE● Active	0476.190.222
ZABRIXX I● Active	0786.725.725

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Micro model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/10/2021	01/10/2020	01/10/2019
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	30/09/2021	30/09/2020
Length of the financial year	12 months	12 months	12 months	15 months	12 months	12 months
Filing date	21/05/2026	20/05/2025	02/07/2024	18/07/2023	14/10/2022	18/03/2021
General meeting	15/05/2026	16/05/2025	07/06/2024	19/05/2023	20/05/2022	12/03/2021
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	15/05/2026	21/05/2026	Dutch	PDF
Abridged model	31/12/2024	16/05/2025	20/05/2025	Dutch	PDF
Abridged model	31/12/2023	07/06/2024	02/07/2024	Dutch	PDF
Abridged model	31/12/2022	19/05/2023	18/07/2023	Dutch	PDF
Abridged model	30/09/2021	20/05/2022	14/10/2022	Dutch	PDF
Micro model	30/09/2020	12/03/2021	18/03/2021	French	PDF
Micro model	30/09/2019	13/03/2020	04/05/2020	French	PDF
Abridged model	30/09/2018	18/03/2019	21/03/2019	French	PDF
Abridged model	30/09/2017	02/02/2018	13/03/2018	French	PDF
Abridged model	30/09/2016	01/12/2016	12/12/2016	French	PDF
Abridged model	30/09/2015	03/02/2016	19/02/2016	French	PDF
Abridged model	30/09/2014	13/03/2015	31/03/2015	French	PDF
Abridged model	30/09/2013	14/02/2014	10/03/2014	French	PDF
Abridged model	30/09/2012	08/03/2013	18/03/2013	French	PDF
Abridged model	30/09/2011	10/03/2012	04/04/2012	French	PDF
Abridged model	30/09/2010	11/03/2011	14/03/2011	French	PDF
Abridged model	30/09/2009	12/03/2010	22/03/2010	French	PDF
Abridged model	30/09/2008	13/03/2009	31/03/2009	French	PDF
Abridged model	30/09/2007	14/03/2008	31/03/2008	French	PDF
Abridged model	30/09/2006	09/03/2007	29/03/2007	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 · 13 ended

Active mandates

BRACODEV

Director · since 19 novembre 2021 · until 21 mai 2027 · 0518.932.677

Represented by Laurens BRANTEGEM

Active

HENNIA

Managing director · since 19 novembre 2021 · until 21 mai 2027 · 0873.248.240

Represented by Vermeersch CHRISTINE

Active

SOBRADIS

Director · since 19 novembre 2021 · until 21 mai 2027 · 0442.311.486

Represented by Joris BRANTEGEM

Active

Ended mandates

Christian Simonis

Managing director · since 30 mai 2018 · until 30 mai 2024

Ended

Philippe Bohez

Director · since 30 mai 2018 · until 30 mai 2024

Ended

Philippe GREISCH

Director · since 30 mai 2018 · until 30 mai 2024

Ended

Christian Bourseaux

Director · since 30 mai 2012 · until 30 mai 2018

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates04/09/2026
Herbenoeming commissaris
PDF
Mandates07/06/2024
ONTSLAGEN - BENOEMINGEN
PDF
Other29/08/2022
DIVERSEN
PDF
Registered office05/01/2022
SIEGE SOCIAL - ASSEMBLEE GENERALE
PDF
Mandates30/12/2021
BENAMING - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - BOEKJAAR
PDF
Mandates10/01/2019
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF
Capital / shares14/01/2016
CAPITAL, ACTIONS - ASSEMBLEE GENERALE
PDF
Mandates25/03/2013
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 20251,1 M €↑
2024
Annual accounts 2024273,3 k €↓
2023
Annual accounts 20233,0 M €↑
2022
Annual accounts 2022956,2 k €↑
2021
Annual accounts 20211,2 k €↓
2020
Annual accounts 202010,9 k €↓
2019
Annual accounts 201928,5 k €↑
2018
Annual accounts 201812,5 k €↓
2017
Annual accounts 201718,6 k €↓
2016
Annual accounts 2016169,8 k €↑
2015
Annual accounts 2015-11,4 k €↑
2014
Annual accounts 2014-17,0 k €↓
2013
Annual accounts 2013-6,9 k €↑
2012
Annual accounts 2012-24,9 k €↓
2011
Annual accounts 201141,7 k €↑
2010
Annual accounts 2010-18,7 k €↓
2009
Annual accounts 200969,5 k €↑
2008
Annual accounts 2008-16,5 k €↓
2007
Annual accounts 20079,7 k €
07/04/1989
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

Zabra Business Units

Overview

What does Zabra Business Units 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