ACTIVE

ZUTWAS

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Financial year 2025 · closed on 31/12/2025

Net result

-70,9 k €

-443.6% YoY

Gross margin

611,9 k €

-12.0% YoY

Equity

1,8 M €

-3.9% YoY

Workforce

13,9 ETP

-2.8% YoY

What does ZUTWAS do?

ZUTWAS is a Public limited company incorporated in 1992. Its main activity is: Retail sale of hardware, paints and glass in specialised stores. Its registered office is in Floreffe. It employs on average 13,9 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0448.416.350

Incorporation

15/10/1992

Legal form

Public limited company

Registered office

Rue Riverre 110
5150 Floreffe · WallonieSee on map

Contributed capital

297 472,23 €

Latest accounts

31/12/2025

Average workforce

13,9 ETP

Activities (NACE)

47521Retail sale of hardware, paints and glass in specialised stores· main 47521Retail sale of hardware, paints and glass in specialised stores 47551Retail sale of other household equipment in specialised stores 47591Retail sale of furniture, lighting equipment and other household articles in specialised stores 52441Warehousing and support activities for transportation 52461Warehousing and support activities for transportation

Joint committees (1)

Signals

Solid equityLow riskGood liquidityHealthy social debts

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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	611,9 k €	-12.0%	695,5 k €	+10.8%	627,6 k €		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–
EBITDA	-40,5 k €	-164%	63,2 k €	+114%	29,6 k €	-80.0%	148 k €	-57.1%	344,6 k €	-24.8%	458 k €	+376%	96,3 k €	+635%	13,1 k €	-79.8%	64,9 k €	-57.7%	153,6 k €	-33.4%	230,6 k €	+30.2%	177,1 k €	-52.9%	375,7 k €	+12.3%	334,7 k €	-30.4%	481 k €	+5.4%	456,2 k €	-16.4%	545,7 k €	+29.1%	422,8 k €	+62.2%	260,6 k €	+463%	46,3 k €
Operating result	-100,3 k €	-3378%	3,1 k €	+105%	-57,6 k €	-223%	46,7 k €	-82.5%	266,7 k €	-8.2%	290,4 k €	+2669%	10,5 k €	+125%	-42,7 k €	-280%	23,8 k €	-78.0%	108,2 k €	-42.1%	187 k €	+49.5%	125,1 k €	-62.5%	333,5 k €	+13.2%	294,7 k €	-9.6%	325,9 k €	+27.3%	255,9 k €	-26.7%	349,1 k €	+54.0%	226,7 k €	+116%	105,1 k €	+237%	31,1 k €
Net result	-70,9 k €	-444%	20,6 k €	+163%	-32,6 k €	-200%	32,6 k €	-83.4%	196,2 k €	-13.3%	226,3 k €	+9684%	2,3 k €	+105%	-48,8 k €	-594%	9,9 k €	-88.5%	86,1 k €	-38.5%	140,1 k €	+43.8%	97,5 k €	-57.5%	229,4 k €	+12.8%	203,5 k €	-2.6%	208,8 k €	+38.6%	150,7 k €	-23.2%	196,3 k €	+101%	97,4 k €	+340%	22,1 k €	-80.6%	114 k €
Balance sheet
Equity	1,8 M €	-3.9%	1,8 M €	+1.1%	1,8 M €	-1.8%	1,8 M €	-20.3%	2,3 M €	+9.3%	2,1 M €	+12.0%	1,9 M €	+0.1%	1,9 M €	-2.5%	1,9 M €	+0.5%	1,9 M €	+4.7%	1,8 M €	+8.3%	1,7 M €	+6.1%	1,6 M €	+16.8%	1,4 M €	+17.5%	1,2 M €	+21.9%	954,9 k €	+18.7%	804,2 k €	+32.3%	607,8 k €	+19.1%	510,4 k €	+4.5%	488,3 k €
Total assets	2,4 M €	-0.7%	2,4 M €	-1.9%	2,4 M €	-2.9%	2,5 M €	-13.2%	2,9 M €	+5.1%	2,7 M €	+9.9%	2,5 M €	-0.6%	2,5 M €	-10.2%	2,8 M €	+4.4%	2,7 M €	+1.8%	2,6 M €	+9.2%	2,4 M €	-1.7%	2,4 M €	+19.2%	2,1 M €	+10.8%	1,9 M €	-7.4%	2 M €	-0.0%	2 M €	-6.7%	2,1 M €	-8.4%	2,3 M €	+61.8%	1,4 M €
Cash	48,6 k €	-26.5%	66,1 k €	-13.3%	76,3 k €	+40.1%	54,4 k €	+9.8%	49,6 k €	-13.9%	57,6 k €	-0.4%	57,8 k €	+6.9%	54 k €	-24.6%	71,7 k €	-9.0%	78,7 k €	+75.1%	45 k €	+24.3%	36,2 k €	-18.0%	44,1 k €	-36.2%	69,1 k €	-45.0%	125,7 k €	+23.3%	101,9 k €	+109%	48,9 k €	-8.9%	53,6 k €	+33.7%	40,1 k €	-70.4%	135,5 k €
Debts	593,2 k €	+9.9%	539,8 k €	-11.4%	609,1 k €	-5.7%	645,9 k €	+17.0%	551,9 k €	-9.2%	607,8 k €	+4.9%	579,3 k €	-4.0%	603,6 k €	-28.2%	840,3 k €	+13.7%	739,2 k €	-5.2%	779,8 k €	+10.4%	706 k €	-16.8%	848,5 k €	+24.3%	682,8 k €	-0.4%	685,6 k €	-34.1%	1 M €	-12.3%	1,2 M €	-21.9%	1,5 M €	-15.7%	1,8 M €	+90.7%	945,2 k €
Other
Workforce	13,9 ETP	-2.8%	14,3 ETP	+6.7%	13,4 ETP	+6.3%	12,6 ETP	-3.1%	13,0 ETP	+2.4%	12,7 ETP	+0.8%	12,6 ETP	-8.7%	13,8 ETP	0.0%	13,8 ETP	-1.4%	14,0 ETP	-2.1%	14,3 ETP	-8.9%	15,7 ETP	-6.0%	16,7 ETP	+1.8%	16,4 ETP	0.0%	16,4 ETP	+13.1%	14,5 ETP	-2.7%	14,9 ETP	+2.1%	14,6 ETP	+12.3%	13,0 ETP	+183%	4,6 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 12 ended

Active mandates

C.M.F. Liekens

Managing director · since 01 juillet 2020 · until 19 juin 2026

Active

E.A.M. Van Osta

Managing director · since 01 juillet 2020 · until 19 juin 2026

Active

Ended mandates

C.M.F. LIEKENS

Managing director · since 01 juillet 2020 · until 17 juin 2026

Ended

E.A.M. VAN OSTA

Director · since 01 juillet 2020 · until 17 juin 2026

Ended

C.M.F. LIEKENS

Managing director · since 18 juin 2014 · until 17 juin 2020

Ended

C.M.F. LIEKENS

Managing director · since 18 juin 2014 · until 01 juillet 2020

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Full model	Full model	Full 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	17/07/2026	17/07/2025	05/07/2024	30/06/2023	04/08/2022	28/07/2021
General meeting	19/06/2026	20/06/2025	21/06/2024	16/06/2023	17/06/2022	16/06/2021
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	19/06/2026	17/07/2026	French	PDF
Abridged model	31/12/2024	20/06/2025	17/07/2025	French	PDF
Abridged model	31/12/2023	21/06/2024	05/07/2024	French	PDF
Full model	31/12/2022	16/06/2023	30/06/2023	French	PDF
Full model	31/12/2021	17/06/2022	04/08/2022	French	PDF
Full model	31/12/2020	16/06/2021	28/07/2021	French	PDF
Full model	31/12/2019	01/07/2020	27/07/2020	French	PDF
Full model	31/12/2018	19/06/2019	22/07/2019	French	PDF
Full model	31/12/2017	20/06/2018	01/08/2018	French	PDF
Full model	31/12/2016	21/06/2017	27/07/2017	French	PDF
Full model	31/12/2015	15/06/2016	07/07/2016	French	PDF
Full model	31/12/2014	17/06/2015	13/07/2015	French	PDF
Full model	31/12/2013	18/06/2014	16/07/2014	French	PDF
Full model	31/12/2012	19/06/2013	02/07/2013	French	PDF
Full model	31/12/2011	20/06/2012	17/07/2012	French	PDF
Full model	31/12/2010	15/06/2011	11/07/2011	French	PDF
Full model	31/12/2009	16/06/2010	08/07/2010	French	PDF
Full model	31/12/2008	17/06/2009	10/07/2009	French	PDF
Full model	31/12/2007	18/06/2008	18/07/2008	French	PDF
Full model	31/12/2006	20/06/2007	12/07/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 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 31/12/2025 · 2 active · 12 ended

Active mandates

C.M.F. Liekens

Managing director · since 01 juillet 2020 · until 19 juin 2026

Active

E.A.M. Van Osta

Managing director · since 01 juillet 2020 · until 19 juin 2026

Active

Ended mandates

C.M.F. LIEKENS

Managing director · since 01 juillet 2020 · until 17 juin 2026

Ended

E.A.M. VAN OSTA

Director · since 01 juillet 2020 · until 17 juin 2026

Ended

C.M.F. LIEKENS

Managing director · since 18 juin 2014 · until 17 juin 2020

Ended

C.M.F. LIEKENS

Managing director · since 18 juin 2014 · until 01 juillet 2020

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates24/11/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates23/10/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates20/01/2022
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DEMISSIONS, NOMINATIONS
PDF
Mandates19/10/2020
DEMISSIONS, NOMINATIONS
PDF
Mandates20/09/2017
DEMISSIONS, NOMINATIONS
PDF
Mandates01/10/2014
DEMISSIONS, NOMINATIONS
PDF
Mandates25/08/2011
DEMISSIONS, NOMINATIONS
PDF
Mandates23/08/2010
DEMISSIONS, NOMINATIONS
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 2025-70,9 k €↓
2024
Annual accounts 202420,6 k €↑
2023
Annual accounts 2023-32,6 k €↓
2022
Annual accounts 202232,6 k €↓
2021
Annual accounts 2021196,2 k €↓
2020
Annual accounts 2020226,3 k €↑
2019
Annual accounts 20192,3 k €↑
2018
Annual accounts 2018-48,8 k €↓
2017
Annual accounts 20179,9 k €↓
2016
Annual accounts 201686,1 k €↓
2015
Annual accounts 2015140,1 k €↑
2014
Annual accounts 201497,5 k €↓
2013
Annual accounts 2013229,4 k €↑
2012
Annual accounts 2012203,5 k €↓
2011
Annual accounts 2011208,8 k €↑
2010
Annual accounts 2010150,7 k €↓
2009
Annual accounts 2009196,3 k €↑
2008
Annual accounts 200897,4 k €↑
2007
Annual accounts 200722,1 k €↓
2006
Annual accounts 2006114 k €
15/10/1992
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

ZUTWAS

Overview

What does ZUTWAS do?

Trend over 20 financial years

Indicative valuation

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