VOLUNTARY DISSOLUTION - LIQUIDATION

Z-WELFSEL

Export PDF

Financial year 2025 · closed on 31/12/2025

Net result

-2,2 k €

-266.0% YoY

Gross margin

-7,9 k €

-73.9% YoY

Equity

-43,8 M €

-0.0% YoY

Workforce

0,0 ETP

Company — Voluntary dissolution - liquidation.

What does Z-WELFSEL do?

Z-WELFSEL is a Public limited company incorporated in 1989. Its registered office is in Pelt.

Legal situation

● Voluntary dissolution - liquidation

BCE/KBO no. / VAT

BE 0437.597.385

Incorporation

01/06/1989

Legal form

Public limited company

Registered office

Lillerheidestraat(SHL) 51
3910 Pelt · FlandreSee on map

Contributed capital

8 429 000,00 €

Latest accounts

31/12/2025

Average workforce

0,0 ETP

Joint committees (2)

10602
218

View the BCE/KBO Public Search record →

Health score

Available with a Rovalta subscriptionTry for 7 days

Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	-7,9 k €	-73.9%	-4,5 k €	-69.1%	-2,7 k €	-105%	53,6 k €	+2655%	-2,1 k €	-779%	-238,7 €	+94.6%	-4,5 k €	+19.5%	-5,5 k €	+7.2%	-6 k €	+89.5%	-57,1 k €	+21.6%	-72,8 k €	-132%	225,2 k €	-90.1%	2,3 M €		–		–		–		–		–		–		–
EBITDA	-8,1 k €	-76.7%	-4,6 k €	-67.6%	-2,7 k €	-105%	53,5 k €	+2649%	-2,1 k €	-598%	-300,7 €	+93.3%	-4,5 k €	+19.3%	-5,6 k €	+7.1%	-6 k €	+89.5%	-57,2 k €	+21.5%	-72,8 k €	-132%	224,9 k €	+102%	-10,7 M €	-114%	-5 M €	-5.9%	-4,7 M €	+16.1%	-5,6 M €	-515%	1,4 M €	-18.9%	1,7 M €	+20.1%	1,4 M €	+0.3%	1,4 M €
Operating result	-8,1 k €	-76.7%	-4,6 k €	-67.6%	-2,7 k €	-105%	53,5 k €	+2649%	-2,1 k €	-598%	-300,7 €	+93.3%	-4,5 k €	+19.3%	-5,6 k €	+7.1%	-6 k €	+89.5%	-57,2 k €	+21.5%	-72,8 k €	-132%	224,9 k €	+103%	-8,7 M €	+20.4%	-10,9 M €	-74.1%	-6,3 M €	+13.0%	-7,2 M €	-6305%	-112,6 k €	-134%	331,8 k €	-13.1%	381,6 k €	-32.6%	566 k €
Net result	-2,2 k €	-266%	1,3 k €	+355%	-517,8 €	-101%	53,5 k €	+2649%	-2,1 k €	-598%	-300,7 €	+93.3%	-4,5 k €	+19.3%	-5,6 k €	+7.1%	-6 k €	+89.4%	-57,2 k €	+21.1%	-72,4 k €	-132%	225 k €	+101%	-24,2 M €	-17.1%	-20,7 M €	-189%	-7,2 M €	+6.9%	-7,7 M €	-15549%	49,9 k €	-88.2%	423 k €	-1.6%	430 k €	+73.1%	248,5 k €
Balance sheet
Equity	-43,8 M €	-0.0%	-43,8 M €	+0.0%	-43,8 M €	-0.0%	-43,8 M €	+0.1%	-43,8 M €	-0.0%	-43,8 M €	-0.0%	-43,8 M €	-0.0%	-43,8 M €	-0.0%	-43,8 M €	-0.0%	-43,8 M €	-0.1%	-43,8 M €	-0.2%	-43,7 M €	+0.5%	-43,9 M €	-123%	-19,7 M €	-1961%	1,1 M €	-87.4%	8,4 M €	-48.0%	16,1 M €	+1.5%	15,9 M €	+2.7%	15,5 M €	+2.9%	15 M €
Total assets	14,8 M €	-0.0%	14,8 M €	+0.0%	14,8 M €	-0.0%	14,8 M €	+0.4%	14,7 M €	-0.0%	14,7 M €	-0.0%	14,7 M €	-0.1%	14,7 M €	-0.0%	14,7 M €	-0.9%	14,9 M €	-0.4%	14,9 M €	-0.5%	15 M €	+1.5%	14,8 M €	-55.7%	33,4 M €	-36.3%	52,4 M €	+2.0%	51,4 M €	+5.3%	48,8 M €	+40.4%	34,8 M €	+1.9%	34,1 M €	+2.7%	33,2 M €
Cash	1,2 M €	-0.3%	1,2 M €	-0.0%	1,2 M €	-0.1%	1,2 M €	+4.7%	1,1 M €	-0.2%	1,1 M €	-0.0%	1,1 M €	-0.7%	1,1 M €	-0.2%	1,1 M €	-10.7%	1,3 M €	+27.8%	1 M €	-6.8%	1,1 M €	+80.0%	596,1 k €	+53366%	1,1 k €	-41.0%	1,9 k €	-82.8%	11 k €	-72.4%	39,8 k €	-93.4%	603,7 k €	+37.3%	439,8 k €	-1.0%	444,3 k €
Debts	47,8 M €	+2.0%	46,8 M €	0.0%	46,8 M €	0.0%	46,8 M €	0.0%	46,8 M €	0.0%	46,8 M €	0.0%	46,8 M €	-0.0%	46,8 M €	+0.0%	46,8 M €	-0.3%	47 M €	+0.0%	47 M €	+0.0%	47 M €	+0.0%	47 M €	-6.9%	50,5 M €	+7.6%	46,9 M €	+16.9%	40,1 M €	+28.0%	31,3 M €	+70.4%	18,4 M €	+1.1%	18,2 M €	+2.2%	17,8 M €
Other
Workforce	0,0 ETP		–		–		–		–		–		–		–		–		–		–		–		52,5 ETP	-81.8%	288,7 ETP	-1.0%	291,7 ETP	-5.1%	307,4 ETP	-5.2%	324,2 ETP	-2.5%	332,6 ETP	+8.4%	306,9 ETP	+6.3%	288,7 ETP

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 15 ended

Active mandates

Ilse Roox

Liquidator · since 16 septembre 2013

Active

Ended mandates

Bob CUYVERS

Managing director · since 09 mai 2009 · until 09 mai 2015

Ended

Carla CUYVERS - DECKERS

Director · since 09 mai 2009 · until 09 mai 2015

Ended

ECHOBEL

Managing director · since 09 mai 2009 · until 09 mai 2015 · 0401.294.443

Represented by Bob Cuyvers

Ended

GALM PARTICIPATIES

Managing director · since 09 mai 2009 · until 09 mai 2015 · 0463.583.586

Represented by Marc CUYVERS

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	27/08/2026	12/09/2025	30/08/2024	17/08/2023	30/08/2022	31/08/2021
General meeting	26/08/2026	10/09/2025	–	–	–	01/01/9999
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

Looking for more information about this company?

Try for 7 days

Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	26/08/2026	27/08/2026	Dutch	PDF
Abridged model	31/12/2024	10/09/2025	12/09/2025	Dutch	PDF
Abridged model	31/12/2023	—	30/08/2024	Dutch	PDF
Abridged model	31/12/2022	—	17/08/2023	Dutch	PDF
Abridged model	31/12/2021	—	30/08/2022	Dutch	PDF
Abridged model	31/12/2020	01/01/9999	31/08/2021	Dutch	PDF
Abridged model	31/12/2019	01/01/9999	24/09/2020	Dutch	PDF
Abridged model	31/12/2018	01/01/9999	26/08/2019	Dutch	PDF
Abridged model	31/12/2017	01/01/9999	29/08/2018	Dutch	PDF
Abridged model	31/12/2016	01/01/9999	29/08/2017	Dutch	PDF
Abridged model	31/12/2015	01/01/9999	22/08/2016	Dutch	PDF
Abridged model	31/12/2014	01/01/9999	10/09/2015	Dutch	PDF
Abridged model	31/12/2013	01/01/9999	29/09/2014	Dutch	PDF
Full model	31/12/2012	06/09/2013	30/09/2013	Dutch	PDF
Full model	31/12/2011	29/06/2012	09/08/2012	Dutch	PDF
Full model	31/12/2010	14/05/2011	10/06/2011	Dutch	PDF
Full model	31/12/2009	08/05/2010	02/06/2010	Dutch	PDF
Full model	31/12/2008	09/05/2009	02/06/2009	Dutch	PDF
Full model	31/12/2007	10/05/2008	04/06/2008	Dutch	PDF
Full model	31/12/2006	12/05/2007	29/05/2007	Dutch	PDF

Estimate

Indicative valuation

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 · 15 ended

Active mandates

Ilse Roox

Liquidator · since 16 septembre 2013

Active

Ended mandates

Bob CUYVERS

Managing director · since 09 mai 2009 · until 09 mai 2015

Ended

Carla CUYVERS - DECKERS

Director · since 09 mai 2009 · until 09 mai 2015

Ended

ECHOBEL

Managing director · since 09 mai 2009 · until 09 mai 2015 · 0401.294.443

Represented by Bob Cuyvers

Ended

GALM PARTICIPATIES

Managing director · since 09 mai 2009 · until 09 mai 2015 · 0463.583.586

Represented by Marc CUYVERS

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates11/10/2013
RUBRIEK EINDE (STOPZETTING, INTREKKING STOPZETTING, NIETIGHEID, GER. AK., GERECHTELIJKE REORGANISATIE, ENZ... - ONTSLAGEN - BENOEMINGEN
PDF
Registered office20/06/2013
MAATSCHAPPELIJKE ZETEL
PDF
Other08/05/2013
BENAMING
PDF
Mandates23/07/2010
ONTSLAGEN - BENOEMINGEN
PDF
Mandates25/08/2009
ONTSLAGEN - BENOEMINGEN
PDF
Mandates30/07/2009
ONTSLAGEN - BENOEMINGEN
PDF
Mandates05/09/2007
ONTSLAGEN - BENOEMINGEN
PDF
Mandates26/06/2007
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 2025-2,2 k €↓
2024
Annual accounts 20241,3 k €↑
2023
Annual accounts 2023-517,8 €↓
2022
Annual accounts 202253,5 k €↑
2021
Annual accounts 2021-2,1 k €↓
2020
Annual accounts 2020-300,7 €↑
2019
Annual accounts 2019-4,5 k €↑
2018
Annual accounts 2018-5,6 k €↑
2017
Annual accounts 2017-6 k €↑
2016
Annual accounts 2016-57,2 k €↑
2015
Annual accounts 2015-72,4 k €↓
2014
Annual accounts 2014225 k €↑
2013
Annual accounts 2013-24,2 M €↓
2012
Annual accounts 2012-20,7 M €↓
2011
Annual accounts 2011-7,2 M €↑
2010
Annual accounts 2010-7,7 M €↓
2009
Annual accounts 200949,9 k €↓
2008
Annual accounts 2008423 k €↓
2007
Annual accounts 2007430 k €↑
2006
Annual accounts 2006248,5 k €
01/06/1989
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

Z-WELFSEL

Overview

What does Z-WELFSEL do?

Trend over 20 financial years

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