ACTIVE

ZOVARO

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Financial year 2025 · closed on 31/12/2025

Net result

91,2 k €

+53.2% YoY

Gross margin

119 k €

+18.1% YoY

Equity

855,7 k €

+11.9% YoY

What does ZOVARO do?

ZOVARO is a Private limited company incorporated in 1991. Its registered office is in Kapellen.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0443.126.583

Incorporation

22/01/1991

Legal form

Private limited company

Registered office

Vijverslei 41
2950 Kapellen · FlandreSee on map

Contributed capital

61 500,00 €

Latest accounts

31/12/2025

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

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✦ 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	119 k €	+18.1%	100,8 k €	+10.2%	91,4 k €	-20.9%	115,5 k €	+21.3%	95,2 k €	-24.9%	126,8 k €	+1.4%	125 k €	+3.6%	120,6 k €	+4.3%	115,7 k €	+1.8%	113,6 k €	+4.2%	109,1 k €	+1.7%	107,2 k €	-6.1%	114,2 k €	+5.3%	108,4 k €	+40.2%	77,3 k €	-84.6%	502,1 k €	+9.1%	460,2 k €	+2.4%	449,6 k €	+7.9%	416,8 k €	+6.4%	391,8 k €
EBITDA	107,5 k €	+18.9%	90,4 k €	+12.9%	80,1 k €	-25.0%	106,7 k €	+31.6%	81,1 k €	-31.4%	118,2 k €	+1.2%	116,8 k €	+4.1%	112,3 k €	+4.1%	107,8 k €	+1.8%	105,9 k €	+4.4%	101,4 k €	+1.9%	99,5 k €	-6.2%	106,1 k €	+4.6%	101,4 k €	+329%	23,6 k €	-85.2%	159,8 k €	+10.9%	144,1 k €	+0.7%	143,1 k €	+25.6%	113,9 k €	-6.6%	122 k €
Operating result	95,1 k €	+17.9%	80,7 k €	+13.6%	71 k €	-32.0%	104,4 k €	+28.7%	81,1 k €	-31.4%	118,2 k €	+1.2%	116,8 k €	+4.4%	111,9 k €	+4.1%	107,4 k €	+1.8%	105,6 k €	+4.5%	101 k €	+1.9%	99,1 k €	+15.4%	85,9 k €	+5.8%	81,2 k €	+2292%	3,4 k €	-96.5%	98,3 k €	+22.7%	80,1 k €	+56.0%	51,4 k €	+105%	25 k €	-54.8%	55,4 k €
Net result	91,2 k €	+53.2%	59,5 k €	+14.4%	52 k €	-31.9%	76,4 k €	+28.2%	59,7 k €	-32.0%	87,7 k €	+7.7%	81,4 k €	+1.1%	80,5 k €	+12.3%	71,7 k €	+1.6%	70,6 k €	+4.3%	67,7 k €	+1.6%	66,7 k €	+12.5%	59,2 k €	+7.3%	55,2 k €	+253%	-36,1 k €	-153%	67,5 k €	+24.4%	54,2 k €	+59.9%	33,9 k €	+192%	11,6 k €	-66.1%	34,2 k €
Balance sheet
Equity	855,7 k €	+11.9%	764,5 k €	+8.4%	705 k €	+8.0%	652,9 k €	+13.3%	576,5 k €	+11.5%	516,8 k €	+20.4%	429,1 k €	+23.4%	347,7 k €	+30.1%	267,1 k €	-9.6%	295,4 k €	+31.4%	224,8 k €	+43.1%	157,1 k €	+73.7%	90,5 k €	-50.1%	181,2 k €	+43.8%	126 k €	-73.9%	482,6 k €	+16.2%	415,2 k €	+15.0%	361 k €	+10.4%	327 k €	+3.7%	315,4 k €
Total assets	933,4 k €	+9.6%	851,3 k €	+4.4%	815,6 k €	+8.3%	753,3 k €	+11.7%	674,4 k €	+30.5%	516,8 k €	+20.4%	429,2 k €	+23.4%	347,7 k €	+25.1%	277,9 k €	-11.1%	312,6 k €	+36.9%	228,3 k €	+42.8%	160 k €	-34.1%	242,7 k €	+28.7%	188,7 k €	-54.0%	410,2 k €	-38.4%	666,3 k €	+17.7%	566,1 k €	+6.8%	530,1 k €	+4.6%	507 k €	-2.4%	519,6 k €
Cash	141 k €	+3.0%	136,8 k €	+19.0%	115 k €	+56.5%	73,5 k €	-37.3%	117,2 k €	-71.8%	415,1 k €	+27.8%	324,7 k €	+33.2%	243,8 k €	+38.1%	176,6 k €	-16.3%	210,8 k €	+80.8%	116,6 k €	+14.9%	101,5 k €	-44.8%	183,9 k €	+86.2%	98,8 k €	-36.0%	154,4 k €	-54.8%	341,9 k €	+3004%	11 k €	-61.4%	28,5 k €	+180%	10,2 k €	-33.3%	15,3 k €
Debts	77,8 k €	-10.5%	86,9 k €	-21.5%	110,7 k €	+10.3%	100,4 k €	+2.5%	97,9 k €		–		82,3 €	+3.0%	79,9 €	-99.3%	10,8 k €	-37.1%	17,2 k €	+389%	3,5 k €	+24.3%	2,8 k €	-98.1%	152,3 k €	+1950%	7,4 k €	-97.1%	256,7 k €	+44.6%	177,5 k €	+22.6%	144,8 k €	-11.6%	163,8 k €	-6.8%	175,7 k €	-12.4%	200,6 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		–		–		–		–		10,1 ETP	+1.0%	10,0 ETP	+5.3%	9,5 ETP	+3.3%	9,2 ETP	-2.1%	9,4 ETP	+6.8%	8,8 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 32 ended

Active mandates

Gert STEVENS

Director · since 17 juillet 2023

Active

Ended mandates

ERTIX

Manager · since 19 mai 2015 · 0549.926.355

Represented by Joannes van den Buijs

Ended

ERTIX

Manager · since 19 mai 2015 · until 31 décembre 2017 · 0549.926.355

Represented by Joannes van den Buijs

Ended

ERTIX

Manager · since 19 mai 2015 · 0549.926.355

Represented by Joannes van den Buijs

Ended

JEWOKA

Manager · since 19 mai 2015 · 0550.492.816

Represented by Dirk Rommens

Ended

At this address

Other companies at this address

Company	CBE no.
HEIRO● Active	0840.556.765
KERSOUW● Active	0550.494.202

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	26/05/2026	06/06/2025	01/07/2024	19/06/2023	20/07/2022	28/06/2021
General meeting	18/05/2026	19/05/2025	21/05/2024	15/05/2023	16/05/2022	17/05/2021
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	18/05/2026	26/05/2026	Dutch	PDF
Abridged model	31/12/2024	19/05/2025	06/06/2025	Dutch	PDF
Abridged model	31/12/2023	21/05/2024	01/07/2024	Dutch	PDF
Abridged model	31/12/2022	15/05/2023	19/06/2023	Dutch	PDF
Abridged model	31/12/2021	16/05/2022	20/07/2022	Dutch	PDF
Abridged model	31/12/2020	17/05/2021	28/06/2021	Dutch	PDF
Abridged model	31/12/2019	18/05/2020	30/06/2020	Dutch	PDF
Abridged model	31/12/2018	20/05/2019	14/06/2019	Dutch	PDF
Abridged model	31/12/2017	22/05/2018	09/07/2018	Dutch	PDF
Abridged model	31/12/2016	15/05/2017	06/06/2017	Dutch	PDF
Abridged model	31/12/2015	17/05/2016	31/05/2016	Dutch	PDF
Abridged model	31/12/2014	18/05/2015	04/06/2015	Dutch	PDF
Abridged model	31/12/2013	19/05/2014	10/07/2014	Dutch	PDF
Abridged model	31/12/2012	10/06/2013	05/07/2013	Dutch	PDF
Abridged model	31/12/2011	11/06/2012	25/06/2012	Dutch	PDF
Abridged model	31/12/2010	14/06/2011	04/07/2011	Dutch	PDF
Abridged model	31/12/2009	14/06/2010	02/07/2010	Dutch	PDF
Abridged model	31/12/2008	08/06/2009	15/06/2009	Dutch	PDF
Abridged model	31/12/2007	09/06/2008	19/06/2008	Dutch	PDF
Abridged model	31/12/2006	11/06/2007	12/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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 · 32 ended

Active mandates

Gert STEVENS

Director · since 17 juillet 2023

Active

Ended mandates

ERTIX

Manager · since 19 mai 2015 · 0549.926.355

Represented by Joannes van den Buijs

Ended

ERTIX

Manager · since 19 mai 2015 · until 31 décembre 2017 · 0549.926.355

Represented by Joannes van den Buijs

Ended

ERTIX

Manager · since 19 mai 2015 · 0549.926.355

Represented by Joannes van den Buijs

Ended

JEWOKA

Manager · since 19 mai 2015 · 0550.492.816

Represented by Dirk Rommens

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates28/07/2023
WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Mandates02/03/2018
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates25/09/2015
ONTSLAGEN - BENOEMINGEN
PDF
Mandates16/06/2014
DOEL - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM
PDF
Capital / shares17/07/2012
KAPITAAL - AANDELEN
PDF
Restructuring28/09/2011
BENAMING - ONTSLAGEN - BENOEMINGEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring07/07/2011
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...) - DIVERSEN
PDF
Mandates16/09/2008
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 202591,2 k €↑
2024
Annual accounts 202459,5 k €↑
2023
Annual accounts 202352 k €↓
2022
Annual accounts 202276,4 k €↑
2021
Annual accounts 202159,7 k €↓
2020
Annual accounts 202087,7 k €↑
2019
Annual accounts 201981,4 k €↑
2018
Annual accounts 201880,5 k €↑
2017
Annual accounts 201771,7 k €↑
2016
Annual accounts 201670,6 k €↑
2015
Annual accounts 201567,7 k €↑
2014
Annual accounts 201466,7 k €↑
2013
Annual accounts 201359,2 k €↑
2012
Annual accounts 201255,2 k €↑
2011
Annual accounts 2011-36,1 k €↓
2010
Annual accounts 201067,5 k €↑
2009
Annual accounts 200954,2 k €↑
2008
Annual accounts 200833,9 k €↑
2007
Annual accounts 200711,6 k €↓
2006
Annual accounts 200634,2 k €
22/01/1991
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

ZOVARO

Overview

What does ZOVARO do?

Trend over 20 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