ZORZAL GROUP
0447.411.708 · rovalta.com · 22/09/2026
NORMAL SITUATION
ZORZAL GROUP
Financial year 2025 · closed on 23/12/2025
Equity
983 k €
0.0% YoY
Company — Normal situation.
Overview
What does ZORZAL GROUP do?
ZORZAL GROUP is a company registered in Belgium.
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0447.411.708
Legal form
Public limited company
Contributed capital
941 995,39 €
Latest accounts
23/12/2025
Signals
Solid equity
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Financials
Trend over 21 financial years
| 2025 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||||||||||||||||||||||||||||
| Gross margin | – | 36,4 k € | +164% | 13,8 k € | -40.4% | 23,1 k € | +362% | 5 k € | -99.9% | 3,6 M € | +8221% | 43 k € | +27.0% | 33,9 k € | +557% | 5,2 k € | -2.8% | 5,3 k € | -86.9% | 40,3 k € | +17.4% | 34,3 k € | +5.7% | 32,5 k € | +72.9% | 18,8 k € | -47.9% | 36 k € | +226% | 11,1 k € | +299% | 2,8 k € | -49.1% | 5,5 k € | +83.4% | 3 k € | -54.1% | 6,5 k € | +14.8% | 5,6 k € | |
| EBITDA | – | 32,8 k € | +220% | 10,3 k € | -48.0% | 19,7 k € | +565% | 3 k € | -99.8% | 1,3 M € | +3147% | 38,7 k € | +30.6% | 29,6 k € | +18039% | -165,1 € | -114% | 1,2 k € | -96.6% | 35,2 k € | +22.2% | 28,8 k € | +1.2% | 28,5 k € | +92.0% | 14,8 k € | -53.9% | 32,2 k € | +338% | 7,4 k € | +970% | -846,2 € | -119% | 4,5 k € | +254% | -3 k € | -738% | 463 € | +3662% | -13 € | |
| Operating result | – | 32,8 k € | +977% | -3,7 k € | -165% | 5,7 k € | +152% | -11 k € | -101% | 1,3 M € | +3147% | 38,7 k € | +1446% | -2,9 k € | +91.7% | -34,6 k € | -4.1% | -33,2 k € | -6010% | 561,8 € | +115% | -3,8 k € | -20.9% | -3,1 k € | +81.8% | -17,2 k € | -4575% | 384,7 € | -94.8% | 7,4 k € | +717% | -1,2 k € | +96.4% | -33,4 k € | +17.9% | -40,6 k € | -9.2% | -37,2 k € | +9.0% | -40,9 k € | |
| Net result | – | 40,1 k € | +185% | 14,1 k € | -30.6% | 20,3 k € | +48.7% | 13,7 k € | -97.8% | 631,8 k € | +1062% | 54,4 k € | +1409% | 3,6 k € | +111% | -32,7 k € | +6.7% | -35,1 k € | -385% | -7,2 k € | +46.5% | -13,5 k € | -0.5% | -13,4 k € | +35.1% | -20,7 k € | -16876% | 123,4 € | -98.3% | 7,2 k € | +609% | -1,4 k € | +95.6% | -32 k € | +21.8% | -41 k € | -7.8% | -38 k € | +9.8% | -42,1 k € | |
| Balance sheet | |||||||||||||||||||||||||||||||||||||||||
| Equity | 983 k € | 0.0% | 983 k € | +4.3% | 942,8 k € | +1.5% | 928,7 k € | +2.2% | 908,4 k € | +1.5% | 894,8 k € | +240% | 262,9 k € | +26.1% | 208,6 k € | +1.8% | 205 k € | -13.8% | 237,7 k € | -12.9% | 272,8 k € | -2.6% | 280 k € | -4.6% | 293,5 k € | -4.4% | 307 k € | -6.3% | 327,7 k € | +0.0% | 327,5 k € | +2.3% | 320,3 k € | -0.4% | 321,7 k € | -9.1% | 353,8 k € | -10.4% | 394,8 k € | -8.8% | 432,8 k € |
| Total assets | 983 k € | 0.0% | 983 k € | +2.3% | 960,5 k € | +2.5% | 936,8 k € | +1.6% | 922 k € | +0.1% | 920,9 k € | -71.4% | 3,2 M € | +8.0% | 3 M € | +5.0% | 2,8 M € | +0.4% | 2,8 M € | -1.5% | 2,9 M € | +1.5% | 2,8 M € | +1.6% | 2,8 M € | -0.5% | 2,8 M € | +239% | 824,3 k € | -3.8% | 856,9 k € | +0.1% | 855,9 k € | -0.3% | 858,9 k € | -3.8% | 893,2 k € | -4.0% | 930,8 k € | -2.8% | 957,8 k € |
| Cash | – | – | 164,9 € | -59.5% | 406,9 € | – | 251,6 € | +571% | 37,5 € | -54.2% | 81,8 € | -58.5% | 197,3 € | -23.3% | 257,2 € | -95.1% | 5,2 k € | +423% | 1 k € | +17.2% | 855,6 € | -67.6% | 2,6 k € | +301% | 658,8 € | -53.9% | 1,4 k € | +206% | 466,7 € | -85.0% | 3,1 k € | – | – | 1,1 k € | |||||||
| Debts | – | – | 17,7 k € | +120% | 8 k € | -40.8% | 13,6 k € | -47.9% | 26,1 k € | -98.9% | 2,5 M € | +0.2% | 2,5 M € | +0.3% | 2,5 M € | +0.1% | 2,5 M € | -0.3% | 2,5 M € | -0.8% | 2,5 M € | +1.2% | 2,5 M € | -1.1% | 2,5 M € | +400% | 496,6 k € | -6.0% | 528,1 k € | -1.4% | 535,6 k € | -0.3% | 537,2 k € | -0.4% | 539,4 k € | +0.6% | 536,1 k € | +2.1% | 525 k € | ||
Governance
Board of directors
Seen on filing of 23/12/2025 · 1 active · 9 ended
Active mandates
IGNACIO GRACIA DE TORRES
ActiveEnded mandates
IGNACIO GRACIA DE TORRES
EndedANNE SOPHIE CEULEMANS
EndedANNE SOPHIE CEULEMANS
EndedDANIELLA CHAFFOY DE CORUCELLES
EndedFinancials
Annual accounts
Full financial information
| 2025 | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Type of account | Micro model | Micro model | Micro model | Micro model | Abridged model | Abridged model |
| Start of the financial year | 20/12/2025 | 01/01/2025 | 01/01/2024 | 01/01/2023 | 01/01/2022 | 01/01/2021 |
| Closing of the financial year | 23/12/2025 | 19/12/2025 | 31/12/2024 | 31/12/2023 | 31/12/2022 | 31/12/2021 |
| Length of the financial year | 1 months | 12 months | 12 months | 12 months | 12 months | 12 months |
| Filing date | 27/03/2026 | 27/03/2026 | 20/06/2025 | 18/07/2024 | 27/09/2023 | 10/10/2022 |
| General meeting | 23/12/2025 | 19/12/2025 | 18/06/2025 | 31/05/2024 | 01/06/2023 | 01/06/2022 |
| 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 daysFilings
Annual accounts filings
34 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Micro model | 23/12/2025 | 23/12/2025 | 27/03/2026 | Dutch | |
| Micro model | 19/12/2025 | 19/12/2025 | 27/03/2026 | Dutch | |
| Micro model | 31/12/2024 | 18/06/2025 | 20/06/2025 | Dutch | |
| Micro model | 31/12/2023 | 31/05/2024 | 18/07/2024 | Dutch | |
| Abridged model | 31/12/2022 | 01/06/2023 | 27/09/2023 | Dutch | |
| Abridged model | 31/12/2021 | 01/06/2022 | 10/10/2022 | Dutch | |
| Abridged model | 31/12/2020 | 01/06/2021 | 28/10/2021 | Dutch | |
| Abridged model | 31/12/2019 | 02/06/2020 | 20/10/2021 | Dutch | |
| Abridged model | 31/12/2018 | 01/06/2019 | 20/10/2021 | Dutch | |
| Abridged model | 31/12/2017 | 01/06/2018 | 31/08/2018 | Dutch | |
| Abridged model | 31/12/2016 | 01/06/2017 | 31/08/2017 | Dutch | |
| Abridged model | 31/12/2015 | 01/06/2016 | 31/08/2016 | Dutch | |
| Abridged model | 31/12/2014 | 01/06/2015 | 14/08/2015 | Dutch | |
| Abridged model | 31/12/2013 | 03/10/2014 | 30/10/2014 | Dutch | |
| Abridged model | 31/12/2012 | 01/06/2013 | 13/06/2013 | Dutch | |
| Abridged model | 31/12/2011 | 01/06/2012 | 17/08/2012 | Dutch | |
| Abridged model | 31/12/2010 | 01/06/2011 | 08/08/2011 | Dutch | |
| Abridged model | 31/12/2009 | 01/06/2010 | 28/07/2010 | Dutch | |
| Abridged model | 31/12/2008 | 01/06/2009 | 29/07/2009 | Dutch | |
| Abridged model | 31/12/2007 | 02/06/2008 | 24/07/2008 | Dutch | |
| Abridged model | 31/12/2006 | 01/06/2007 | 30/07/2007 | Dutch | |
| Abridged model | 31/12/2005 | 01/06/2006 | 21/06/2006 | Dutch | |
| Abridged model | 31/12/2004 | 01/06/2005 | 29/06/2005 | Dutch | |
| Abridged model | 31/12/2003 | 01/06/2004 | 17/06/2004 | Dutch |
Valuation
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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Governance
Board of directors
Seen on filing of 23/12/2025 · 1 active · 9 ended
Active mandates
IGNACIO GRACIA DE TORRES
ActiveEnded mandates
IGNACIO GRACIA DE TORRES
EndedANNE SOPHIE CEULEMANS
EndedANNE SOPHIE CEULEMANS
EndedDANIELLA CHAFFOY DE CORUCELLES
EndedShareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 2025
- 2025Annual accounts 202540,1 k €↑
- 2024Annual accounts 202414,1 k €↓
- 2023Annual accounts 202320,3 k €↑
- 2023Name changeZORZAL GROUP
- 2022Annual accounts 202213,7 k €↓
- 2021Annual accounts 2021631,8 k €↑
- 2021Name changeCD GROUP
- 2020Annual accounts 202054,4 k €↑
- 2019Annual accounts 20193,6 k €↑
- 2018Annual accounts 2018-32,7 k €↑
- 2017Annual accounts 2017-35,1 k €↓
- 2016Annual accounts 2016-7,2 k €↑
- 2015Annual accounts 2015-13,5 k €↓
- 2014Annual accounts 2014-13,4 k €↑
- 2013Annual accounts 2013-20,7 k €↓
- 2012Annual accounts 2012123,4 €↓
- 2011Annual accounts 20117,2 k €↑
- 2010Annual accounts 2010-1,4 k €↑
- 2009Annual accounts 2009-32 k €↑
- 2008Annual accounts 2008-41 k €↓
- 2007Annual accounts 2007-38 k €↑
- 2006Annual accounts 2006-42,1 k €