NORMAL SITUATION

ZORZAL GROUP

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Company — Normal situation.

Financial year 2025 · Closed on 23/12/2025

Equity983 k €0,0 %over 1 year

Identity

Source · BCE/KBO

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

Financials

Source · NBB, 34 filings

Trend over 21 financial years

20252025202420232022
Income statement
Gross margin–36,4 k €13,8 k €23,1 k €5 k €
EBITDA–32,8 k €10,3 k €19,7 k €3 k €
Operating result–32,8 k €-3,7 k €5,7 k €-11 k €
Net result–40,1 k €14,1 k €20,3 k €13,7 k €
Balance sheet
Equity983 k €983 k €942,8 k €928,7 k €908,4 k €
Total assets983 k €983 k €960,5 k €936,8 k €922 k €
Cash––164,9 €406,9 €–
Debts––17,7 k €8 k €13,6 k €

Board of directors

Source · NBB, accounts to 23/12/2025

1 active · 9 ended

Active mandates

IGNACIO GRACIA DE TORRES

bestuurder · since 01 janvier 2024 · until 01 janvier 2030

Active

Ended mandates

IGNACIO GRACIA DE TORRES

bestuurder · since 01 janvier 2024

Ended
ANNE SOPHIE CEULEMANS

bestuurder · since 14 octobre 2022 · until 31 décembre 2023

Ended
ANNE SOPHIE CEULEMANS

Manager · since 14 octobre 2022

Ended
DANIELLA CHAFFOY DE CORUCELLES

Director · since 06 septembre 2014

Ended

Full financial information

Source · NBB
202520252024202320222021
Type of accountMicro modelMicro modelMicro modelMicro modelAbridged modelAbridged model
Start of the financial year20/12/202501/01/202501/01/202401/01/202301/01/202201/01/2021
Closing of the financial year23/12/202519/12/202531/12/202431/12/202331/12/202231/12/2021
Length of the financial year1 months12 months12 months12 months12 months12 months
Filing date27/03/202627/03/202620/06/202518/07/202427/09/202310/10/2022
General meeting23/12/202519/12/202518/06/202531/05/202401/06/202301/06/2022
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 34 filings
ModelClosingGeneral meetingFiledLanguageDocument
Micro model23/12/202523/12/202527/03/2026DutchPDF
Micro model19/12/202519/12/202527/03/2026DutchPDF
Micro model31/12/202418/06/202520/06/2025DutchPDF
Micro model31/12/202331/05/202418/07/2024DutchPDF
Abridged model31/12/202201/06/202327/09/2023DutchPDF
Abridged model31/12/202101/06/202210/10/2022DutchPDF
Abridged model31/12/202001/06/202128/10/2021DutchPDF
Abridged model31/12/201902/06/202020/10/2021DutchPDF
Abridged model31/12/201801/06/201920/10/2021DutchPDF
Abridged model31/12/201701/06/201831/08/2018DutchPDF
Abridged model31/12/201601/06/201731/08/2017DutchPDF
Abridged model31/12/201501/06/201631/08/2016DutchPDF
Abridged model31/12/201401/06/201514/08/2015DutchPDF
Abridged model31/12/201303/10/201430/10/2014DutchPDF
Abridged model31/12/201201/06/201313/06/2013DutchPDF
Abridged model31/12/201101/06/201217/08/2012DutchPDF
Abridged model31/12/201001/06/201108/08/2011DutchPDF
Abridged model31/12/200901/06/201028/07/2010DutchPDF
Abridged model31/12/200801/06/200929/07/2009DutchPDF
Abridged model31/12/200702/06/200824/07/2008DutchPDF
Abridged model31/12/200601/06/200730/07/2007DutchPDF
Abridged model31/12/200501/06/200621/06/2006DutchPDF
Abridged model31/12/200401/06/200529/06/2005DutchPDF
Abridged model31/12/200301/06/200417/06/2004DutchPDF
Abridged model31/12/200202/06/200324/06/2003DutchPDF
Abridged model31/12/200101/06/200226/06/2002DutchPDF
Abridged model31/12/200001/06/200114/06/2001DutchPDF
Abridged model31/12/199902/06/200020/06/2000DutchPDF
Abridged model31/12/199801/06/199924/06/1999DutchPDF
Abridged model31/12/199702/06/199824/06/1998Dutch—
Abridged model31/12/199602/06/199724/06/1997Dutch—
Abridged model31/12/199501/06/199620/06/1996Dutch—
Abridged model31/12/199401/06/199523/06/1995Dutch—
Abridged model31/12/199317/02/199410/03/1994Dutch—

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.

Board of directors

Source · NBB, accounts to 23/12/2025

1 active · 9 ended

Active mandates

IGNACIO GRACIA DE TORRES

bestuurder · since 01 janvier 2024 · until 01 janvier 2030

Active

Ended mandates

IGNACIO GRACIA DE TORRES

bestuurder · since 01 janvier 2024

Ended
ANNE SOPHIE CEULEMANS

bestuurder · since 14 octobre 2022 · until 31 décembre 2023

Ended
ANNE SOPHIE CEULEMANS

Manager · since 14 octobre 2022

Ended
DANIELLA CHAFFOY DE CORUCELLES

Director · since 06 septembre 2014

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Dissolution12/03/2026
    RUBRIEK EINDE (STOPZETTING, INTREKKING STOPZETTING, NIETIGHEID, GER. AK., GERECHTELIJKE REORGANISATIE, ENZ...
    PDF
  • Dissolution07/01/2026
    RUBRIEK EINDE (STOPZETTING, INTREKKING STOPZETTING, NIETIGHEID, GER. AK., GERECHTELIJKE REORGANISATIE, ENZ... - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates22/03/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates13/12/2023
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM - BENAMING - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
    PDF
  • Mandates28/11/2022
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office23/09/2022
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Capital / shares22/12/2005
    ALGEMENE VERGADERING - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF

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A company's peers, by sector and size, are included in the Business plan.

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Timeline

  1. 2025
    Annual accounts 2025
  2. 2025
    Annual accounts 202540,1 k €↑
  3. 2024
    Annual accounts 202414,1 k €↓
  4. 2023
    Annual accounts 202320,3 k €↑
  5. 2023
    Name changeZORZAL GROUP
  6. 2022
    Annual accounts 202213,7 k €↓
  7. 2021
    Annual accounts 2021631,8 k €↑
  8. 2021
    Name changeCD GROUP
  9. 2020
    Annual accounts 202054,4 k €↑
  10. 2019
    Annual accounts 20193,6 k €↑
  11. 2018
    Annual accounts 2018-32,7 k €↑
  12. 2017
    Annual accounts 2017-35,1 k €↓
  13. 2016
    Annual accounts 2016-7,2 k €↑
  14. 2015
    Annual accounts 2015-13,5 k €↓
  15. 2014
    Annual accounts 2014-13,4 k €↑
  16. 2013
    Annual accounts 2013-20,7 k €↓
  17. 2012
    Annual accounts 2012123,4 €↓
  18. 2011
    Annual accounts 20117,2 k €↑
  19. 2010
    Annual accounts 2010-1,4 k €↑
  20. 2009
    Annual accounts 2009-32 k €↑
  21. 2008
    Annual accounts 2008-41 k €↓
  22. 2007
    Annual accounts 2007-38 k €↑
  23. 2006
    Annual accounts 2006-42,1 k €