ACTIVE

ANZECO

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Financial year 2025 · closed on 30/09/2025

Net result

66,4 k €

+31.2% YoY

Gross margin

102,7 k €

+14.4% YoY

Equity

795,8 k €

+9.1% YoY

What does ANZECO do?

ANZECO is a Private limited company incorporated in 1992. Its main activity is: Computer programming, consultancy and related activities. Its registered office is in Gent.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0446.395.186

Incorporation

15/01/1992

Legal form

Private limited company

Registered office

Hoogstraat 96 box 1/01
9000 Gent · FlandreSee on map

Contributed capital

66 931,25 €

Latest accounts

30/09/2025

Activities (NACE)

62200Computer programming, consultancy and related activities· main

Joint committees (2)

Signals

ProfitableSolid equityLow riskPositive cashflowPositive EBITDA

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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		2008		2007
Income statement
Gross margin	102,7 k €	+14.4%	89,8 k €	+13.1%	79,4 k €	+154%	31,2 k €	+151%	-60,8 k €	-79.1%	-33,9 k €	-117%	201,5 k €	-18.8%	248,1 k €	+0.8%	246,1 k €	-8.2%	268,1 k €	+0.9%	265,8 k €	+1.5%	261,9 k €	+19.6%	219 k €	-0.9%	221 k €	+3.6%	213,4 k €	-14.3%	249 k €	-18.3%	304,9 k €	-3.0%	314,2 k €	+12.8%	278,7 k €
EBITDA	81,6 k €	+26.0%	64,8 k €	-9.3%	71,5 k €	+176%	25,9 k €	+117%	-151,2 k €	+9.4%	-166,9 k €	-5609%	3 k €	-93.5%	46,6 k €	-3.4%	48,3 k €	-42.2%	83,5 k €	+45.9%	57,2 k €	-19.9%	71,5 k €	+41.9%	50,4 k €	+49.7%	33,7 k €	+24.2%	27,1 k €	+93.6%	14 k €	-73.7%	53,2 k €	-13.4%	61,5 k €	+13.1%	54,4 k €
Operating result	75,4 k €	+22.2%	61,6 k €	-11.0%	69,2 k €	+209%	22,4 k €	+115%	-146 k €	+22.2%	-187,7 k €	-1576%	-11,2 k €	-239%	8 k €	-38.8%	13,1 k €	-74.4%	51,3 k €	+462%	9,1 k €	-64.2%	25,5 k €	+26.4%	20,2 k €	+118%	9,2 k €	+696%	-1,6 k €	+88.8%	-13,9 k €	-157%	24,2 k €	-19.3%	29,9 k €	+97.6%	15,1 k €
Net result	66,4 k €	+31.2%	50,6 k €	-16.8%	60,8 k €	+387%	12,5 k €	+108%	-156,3 k €	+19.8%	-194,9 k €	-1031%	-17,2 k €	-308%	8,3 k €	+198%	2,8 k €	-58.5%	6,7 k €	+240%	-4,8 k €	-159%	8,1 k €	+35.7%	6 k €	+313%	1,5 k €	+109%	-15,7 k €	+46.3%	-29,2 k €	-8854%	334 €	-92.5%	4,5 k €	+146%	-9,7 k €
Balance sheet
Equity	795,8 k €	+9.1%	729,4 k €	+7.5%	678,9 k €	+9.8%	618 k €	+2.1%	605,6 k €	-20.5%	761,8 k €	-20.4%	956,8 k €	+27.7%	749 k €	+1.1%	740,7 k €	+0.4%	738 k €	+0.9%	731,3 k €	-0.6%	736 k €	+1.1%	727,9 k €	+728%	87,9 k €	+1.7%	86,5 k €	-15.4%	102,2 k €	-22.2%	131,4 k €	+0.3%	131,1 k €	+3.5%	126,6 k €
Total assets	1,1 M €	+2.2%	1,1 M €	-0.6%	1,1 M €	+1.1%	1,1 M €	-7.8%	1,2 M €	+2.5%	1,1 M €	-19.5%	1,4 M €	+13.5%	1,3 M €	+0.8%	1,2 M €	+0.1%	1,2 M €	-2.4%	1,3 M €	-6.3%	1,4 M €	-1.2%	1,4 M €	+179%	492,1 k €	-6.5%	526 k €	-6.0%	559,9 k €	-15.4%	662 k €	-11.6%	748,4 k €	-2.2%	765,3 k €
Cash	77,1 k €	+32.3%	58,3 k €	-12.7%	66,8 k €	+44.6%	46,2 k €	-68.4%	146,2 k €	+464%	25,9 k €	-69.4%	84,8 k €	-44.7%	153,3 k €	+50.2%	102,1 k €	+30.4%	78,3 k €	-35.8%	122 k €	-2.4%	125 k €	-49.3%	246,6 k €	+2850%	8,4 k €	-40.9%	14,1 k €	-52.0%	29,5 k €	-22.9%	38,2 k €	+91.8%	19,9 k €	+181%	7,1 k €
Debts	314,5 k €	-12.1%	358 k €	-13.5%	413,9 k €	-8.9%	454,6 k €	-19.9%	567,6 k €	+48.5%	382,3 k €	-17.7%	464,8 k €	-7.6%	503,2 k €	+0.1%	502,6 k €	-0.4%	504,6 k €	-6.8%	541,3 k €	-12.8%	620,8 k €	-3.8%	645,2 k €	+60.9%	400,9 k €	-8.2%	436,8 k €	-4.3%	456,4 k €	-13.6%	528,1 k €	-13.3%	609,1 k €	-2.8%	626,5 k €
Other
Workforce	–		–		–		–		2,1 ETP	0.0%	2,1 ETP	-47.5%	4,0 ETP	-2.4%	4,1 ETP	+5.1%	3,9 ETP	-2.5%	4,0 ETP	-40.3%	6,7 ETP	+52.3%	4,4 ETP	-15.4%	5,2 ETP	+8.3%	4,8 ETP	+9.1%	4,4 ETP	-27.9%	6,1 ETP	-7.6%	6,6 ETP	-1.5%	6,7 ETP	+9.8%	6,1 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 30/09/2025 · 3 active · 17 ended

Active mandates

Nico ZENNER

Director · since 12 février 2021

Active

Thibault ZENNER

Director · since 12 février 2021

Active

Anton ZENNER

Managing director · since 20 mai 2015

Active

Ended mandates

Anton ZENNER

Managing director · since 14 février 2020 · until 12 février 2021

Ended

Anton ZENNER

Managing director · since 15 mars 2019 · until 14 février 2020

Ended

Anton ZENNER

Director · since 20 mai 2015 · until 12 février 2021

Ended

Pascale MUYLLE

Director · since 20 février 2015 · until 12 juillet 2019

Ended

At this address

Other companies at this address

Company	CBE no.
GONEA● Active	0437.543.739
ZEN-TRADING● Active	0862.634.163

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Abridged model	Abridged model
Start of the financial year	01/10/2024	01/10/2023	01/10/2022	01/10/2021	01/10/2020	01/10/2019
Closing of the financial year	30/09/2025	30/09/2024	30/09/2023	30/09/2022	30/09/2021	30/09/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	28/04/2026	21/04/2025	29/04/2024	27/04/2023	02/05/2022	31/05/2021
General meeting	13/02/2026	14/02/2025	09/02/2024	10/02/2023	02/05/2022	12/02/2021
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	30/09/2025	13/02/2026	28/04/2026	Dutch	PDF
Micro model	30/09/2024	14/02/2025	21/04/2025	Dutch	PDF
Micro model	30/09/2023	09/02/2024	29/04/2024	Dutch	PDF
Micro model	30/09/2022	10/02/2023	27/04/2023	Dutch	PDF
Abridged model	30/09/2021	02/05/2022	02/05/2022	Dutch	PDF
Abridged model	30/09/2020	12/02/2021	31/05/2021	Dutch	PDF
Abridged model	30/09/2019	14/02/2020	30/04/2020	Dutch	PDF
Abridged model	30/09/2018	08/02/2019	25/04/2019	Dutch	PDF
Abridged model	30/09/2017	09/02/2018	03/04/2018	Dutch	PDF
Abridged model	30/09/2016	31/03/2017	28/04/2017	Dutch	PDF
Abridged model	30/09/2015	12/02/2016	31/03/2016	Dutch	PDF
Abridged model	30/09/2014	13/02/2015	27/03/2015	Dutch	PDF
Abridged model	30/09/2013	29/04/2014	29/04/2014	Dutch	PDF
Abridged model	30/09/2012	02/02/2013	28/02/2013	Dutch	PDF
Abridged model	30/09/2011	09/05/2012	30/05/2012	Dutch	PDF
Abridged model	30/09/2010	11/03/2011	12/04/2011	Dutch	PDF
Abridged model	30/09/2009	19/03/2010	22/03/2010	Dutch	PDF
Abridged model	30/09/2008	24/04/2009	30/04/2009	Dutch	PDF
Abridged model	30/09/2007	29/04/2008	30/04/2008	Dutch	PDF
Abridged model	30/09/2006	09/02/2007	02/03/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 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 30/09/2025 · 3 active · 17 ended

Active mandates

Nico ZENNER

Director · since 12 février 2021

Active

Thibault ZENNER

Director · since 12 février 2021

Active

Anton ZENNER

Managing director · since 20 mai 2015

Active

Ended mandates

Anton ZENNER

Managing director · since 14 février 2020 · until 12 février 2021

Ended

Anton ZENNER

Managing director · since 15 mars 2019 · until 14 février 2020

Ended

Anton ZENNER

Director · since 20 mai 2015 · until 12 février 2021

Ended

Pascale MUYLLE

Director · since 20 février 2015 · until 12 juillet 2019

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates02/02/2026
ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM
PDF
Mandates22/06/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates05/06/2020
ONTSLAGEN - BENOEMINGEN
PDF
Registered office19/09/2019
MAATSCHAPPELIJKE ZETEL
PDF
Mandates06/08/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates18/04/2019
ONTSLAGEN - BENOEMINGEN
PDF
Registered office16/01/2019
MAATSCHAPPELIJKE ZETEL
PDF
Mandates29/04/2016
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 202566,4 k €↑
2024
Annual accounts 202450,6 k €↓
2023
Annual accounts 202360,8 k €↑
2022
Annual accounts 202212,5 k €↑
2021
Annual accounts 2021-156,3 k €↑
2020
Annual accounts 2020-194,9 k €↓
2019
Annual accounts 2019-17,2 k €↓
2018
Annual accounts 20188,3 k €↑
2017
Annual accounts 20172,8 k €↓
2016
Annual accounts 20166,7 k €↑
2015
Annual accounts 2015-4,8 k €↓
2014
Annual accounts 20148,1 k €↑
2013
Annual accounts 20136 k €↑
2012
Annual accounts 20121,5 k €↑
2011
Annual accounts 2011-15,7 k €↑
2010
Annual accounts 2010-29,2 k €↓
2009
Annual accounts 2009334 €↓
2008
Annual accounts 20084,5 k €↑
2007
Annual accounts 2007-9,7 k €
15/01/1992
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

ANZECO

Overview

What does ANZECO 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