ACTIVE

MZIA

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Financial year 2025 · closed on 31/12/2025

Net result

14,9 k €

+60.9% YoY

Gross margin

21,3 k €

+76.2% YoY

Equity

184,7 k €

+8.8% YoY

What does MZIA do?

MZIA is a Private limited company incorporated in 1993. Its main activity is: Retail sale of watches and jewellery in specialised stores. Its registered office is in Antwerpen.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0451.548.361

Incorporation

16/11/1993

Legal form

Private limited company

Registered office

Pelikaanstraat 3 box 1450
2018 Antwerpen · FlandreSee on map

Contributed capital

86 762,73 €

Latest accounts

31/12/2025

Activities (NACE)

47770Retail sale of watches and jewellery in specialised stores· main 47770Retail sale of watches and jewellery in specialised stores

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 18 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008
Income statement
Gross margin	21,3 k €	+76.2%	12,1 k €	-54.2%	26,5 k €	+130%	11,5 k €	-8.5%	12,6 k €	-41.1%	21,4 k €	-27.6%	29,5 k €	-15.6%	35 k €	+143%	14,4 k €	+132%	6,2 k €	-52.8%	13,2 k €	-24.5%	17,5 k €	+392%	-6 k €	+53.2%	-12,8 k €	-224%	10,3 k €	+169%	-14,9 k €	+45.6%	-27,5 k €	-12.9%	-24,3 k €
EBITDA	20,8 k €	+80.4%	11,5 k €	-55.4%	25,9 k €	+135%	11 k €	-8.9%	12,1 k €	-42.3%	20,9 k €	-28.9%	29,4 k €	-15.6%	34,9 k €	+144%	14,3 k €	+142%	5,9 k €	-53.7%	12,8 k €	-25.4%	17,2 k €	+365%	-6,5 k €	+49.4%	-12,8 k €	-224%	10,3 k €	+169%	-14,9 k €	+45.6%	-27,5 k €	-12.9%	-24,3 k €
Operating result	20,1 k €	+85.8%	10,8 k €	-57.4%	25,4 k €	+131%	11 k €	-8.9%	12,1 k €	-40.0%	20,1 k €	-29.7%	28,6 k €	-16.0%	34,1 k €	+138%	14,3 k €	+231%	4,3 k €	-61.4%	11,2 k €	-28.0%	15,6 k €	+293%	-8,1 k €	+43.8%	-14,4 k €	-265%	8,7 k €	+153%	-16,5 k €	+43.1%	-29,1 k €	-12.1%	-25,9 k €
Net result	14,9 k €	+60.9%	9,2 k €	-46.8%	17,4 k €	+132%	7,5 k €	-30.4%	10,7 k €	-42.4%	18,7 k €	-24.4%	24,7 k €	-27.0%	33,8 k €	+144%	13,9 k €	+265%	3,8 k €	-63.7%	10,4 k €	-77.1%	45,6 k €	+13506%	335,4 €	+102%	-15,8 k €	-323%	7,1 k €	+133%	-21,2 k €	+34.3%	-32,3 k €	-10.5%	-29,2 k €
Balance sheet
Equity	184,7 k €	+8.8%	169,8 k €	+5.8%	160,6 k €	+12.1%	143,2 k €	+5.5%	135,7 k €	+8.6%	125 k €	+17.5%	106,3 k €	+30.2%	81,6 k €	+70.6%	47,9 k €	+40.7%	34 k €	+12.6%	30,2 k €	+52.8%	19,8 k €	+176%	-25,9 k €	+1.3%	-26,2 k €	-151%	-10,4 k €	+40.4%	-17,5 k €	-574%	3,7 k €	-89.7%	36 k €
Total assets	220,4 k €	+4.3%	211,4 k €	+2.3%	206,6 k €	+12.2%	184,2 k €	+14.7%	160,6 k €	+3.7%	154,8 k €	+9.4%	141,6 k €	+40.5%	100,7 k €	+13.9%	88,4 k €	+27.5%	69,3 k €	+36.9%	50,6 k €	+7.6%	47 k €	-3.7%	48,8 k €	+29.7%	37,7 k €	-26.2%	51 k €	+48.6%	34,3 k €	-31.7%	50,3 k €	-43.6%	89,1 k €
Cash	13,3 k €	+15.1%	11,6 k €	+44.2%	8 k €	-25.5%	10,8 k €	+6.5%	10,1 k €	-33.4%	15,2 k €	-6.6%	16,3 k €	+49.0%	10,9 k €	-33.0%	16,3 k €	+78.6%	9,1 k €	+43.8%	6,3 k €	+168%	2,4 k €	-80.5%	12,1 k €	+209%	3,9 k €	-17.7%	4,8 k €	+287%	1,2 k €	+158%	478 €	+155%	187,3 €
Debts	35,7 k €	-14.1%	41,6 k €	-9.7%	46 k €	+12.4%	41 k €	+64.7%	24,9 k €	-16.7%	29,9 k €	-15.2%	35,2 k €	+84.7%	19,1 k €	-53.0%	40,5 k €	+14.8%	35,3 k €	+72.9%	20,4 k €	-25.1%	27,3 k €	-63.5%	74,7 k €	+17.0%	63,9 k €	+46.0%	43,7 k €	-15.6%	51,8 k €	+15.8%	44,8 k €	-15.4%	52,9 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 3 ended

Active mandates

Avi SAPIR

Director

Active

Mordechai Moti Sapir

Director

Active

Ended mandates

Mordechai Moti SAPIR

Manager · since 02 mars 2015

Ended

Avi SAPIR

Manager

Ended

Mordechai Moti SAPIR

Manager

Ended

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Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro 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	23/07/2026	31/07/2025	30/08/2024	01/06/2023	02/07/2022	14/06/2021
General meeting	01/06/2026	02/06/2025	30/04/2024	03/04/2023	07/06/2022	07/06/2021
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

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	01/06/2026	23/07/2026	Dutch	PDF
Micro model	31/12/2024	02/06/2025	31/07/2025	Dutch	PDF
Micro modelCorrection	31/12/2023	30/04/2024	30/08/2024	Dutch	PDF
Micro model	31/12/2023	30/04/2024	28/05/2024	Dutch	PDF
Micro model	31/12/2022	03/04/2023	01/06/2023	Dutch	PDF
Micro model	31/12/2021	07/06/2022	02/07/2022	Dutch	PDF
Micro model	31/12/2020	07/06/2021	14/06/2021	Dutch	PDF
Micro model	31/12/2019	02/06/2020	05/06/2020	Dutch	PDF
Micro model	31/12/2018	03/06/2019	09/07/2019	Dutch	PDF
Micro model	31/12/2017	04/06/2018	18/06/2018	Dutch	PDF
Micro model	31/12/2016	06/06/2017	13/06/2017	Dutch	PDF
Abridged model	31/12/2015	06/06/2016	27/06/2016	Dutch	PDF
Abridged model	31/12/2014	01/06/2015	01/06/2015	Dutch	PDF
Abridged model	31/12/2013	06/08/2014	11/08/2014	Dutch	PDF
Abridged model	31/12/2012	29/07/2013	26/08/2013	Dutch	PDF
Abridged model	31/12/2011	30/07/2012	24/09/2012	Dutch	PDF
Abridged model	31/12/2010	30/05/2011	22/08/2011	Dutch	PDF
Abridged model	31/12/2009	31/05/2010	21/06/2010	Dutch	PDF
Abridged model	31/12/2008	25/05/2009	12/06/2009	Dutch	PDF
Abridged model	31/12/2007	30/06/2008	03/07/2008	Dutch	PDF
Abridged model	31/12/2006	26/11/2007	14/12/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 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 · 3 ended

Active mandates

Avi SAPIR

Director

Active

Mordechai Moti Sapir

Director

Active

Ended mandates

Mordechai Moti SAPIR

Manager · since 02 mars 2015

Ended

Avi SAPIR

Manager

Ended

Mordechai Moti SAPIR

Manager

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates17/04/2023
ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM
PDF
Mandates23/03/2015
ONTSLAGEN - BENOEMINGEN
PDF
Registered office27/08/2007
MAATSCHAPPELIJKE ZETEL
PDF
Registered office06/07/2006
MAATSCHAPPELIJKE ZETEL - ADRESSEN ANDERS DAN MAATSCHAPPELIJKE ZETEL
PDF
Capital / shares01/03/2004
ALGEMENE VERGADERING - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
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 202514,9 k €↑
2024
Annual accounts 20249,2 k €↓
2023
Annual accounts 202317,4 k €↑
2022
Annual accounts 20227,5 k €↓
2021
Annual accounts 202110,7 k €↓
2020
Annual accounts 202018,7 k €↓
2019
Annual accounts 201924,7 k €↓
2018
Annual accounts 201833,8 k €↑
2017
Annual accounts 201713,9 k €↑
2016
Annual accounts 20163,8 k €↓
2015
Annual accounts 201510,4 k €↓
2014
Annual accounts 201445,6 k €↑
2013
Annual accounts 2013335,4 €↑
2012
Annual accounts 2012-15,8 k €↓
2011
Annual accounts 20117,1 k €↑
2010
Annual accounts 2010-21,2 k €↑
2009
Annual accounts 2009-32,3 k €↓
2008
Annual accounts 2008-29,2 k €
16/11/1993
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

MZIA

Overview

What does MZIA do?

Trend over 18 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