ACTIVE

ZARPA

Export PDF

Financial year 2025 · closed on 30/09/2025

Net result

3,9 k €

-77.3% YoY

Gross margin

41 k €

-38.8% YoY

Equity

9,5 k €

+69.1% YoY

What does ZARPA do?

ZARPA is a Public limited company incorporated in 1994. Its main activity is: Real estate agencies. Its registered office is in Woluwe-Saint-Pierre.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0452.618.826

Incorporation

05/05/1994

Legal form

Public limited company

Registered office

Avenue Grandchamp 292
1150 Woluwe-Saint-Pierre · BruxellesSee on map

Contributed capital

62 000,00 €

Latest accounts

30/09/2025

Activities (NACE)

68310Real estate agencies· main 68311Real estate agencies 70311Activities of head offices; management consultancy activities

Signals

ProfitablePositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

Available with a Rovalta subscriptionTry for 7 days

Recommended credit limit

✦ 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	41 k €	-38.8%	67,1 k €	+18.0%	56,8 k €	+44.8%	39,2 k €	-31.6%	57,4 k €	+5.0%	54,7 k €	-1.7%	55,6 k €	-3.2%	57,4 k €	-12.6%	65,7 k €	+51.5%	43,4 k €	-1.6%	44,1 k €	+7.3%	41,1 k €	-5.6%	43,5 k €	+3.6%	42 k €	-1.6%	42,7 k €	+6.6%	40,1 k €	-12.4%	45,7 k €	+21.1%	37,8 k €	+23.2%	30,6 k €	-0.0%	30,6 k €
EBITDA	37,5 k €	-34.3%	57,2 k €	+11.2%	51,4 k €	+48.5%	34,6 k €	-34.6%	53 k €	+5.7%	50,1 k €	-2.0%	51,1 k €	-3.9%	53,2 k €	-12.6%	60,9 k €	+45.1%	41,9 k €	+8.5%	38,6 k €	+1.5%	38,1 k €	-7.7%	41,2 k €	+3.1%	40 k €	-1.7%	40,7 k €	+8.9%	37,4 k €	-13.2%	43 k €	+22.2%	35,2 k €	+22.9%	28,6 k €	+0.2%	28,6 k €
Operating result	7,6 k €	-66.4%	22,6 k €	+33.9%	16,9 k €	+19534%	86 €	-99.5%	18,4 k €	+115%	-120 k €	-546%	26,9 k €	-0.7%	27,1 k €	-17.2%	32,7 k €	+131%	14,2 k €	-29.5%	20,1 k €	+3.0%	19,5 k €	-16.9%	23,5 k €	+5.6%	22,3 k €	-3.0%	23 k €	+7.0%	21,5 k €	-13.2%	24,7 k €	+15.1%	21,5 k €	+17.5%	18,3 k €	-4.7%	19,2 k €
Net result	3,9 k €	-77.3%	17,2 k €	+56.6%	11 k €	+284%	-6 k €	-135%	17 k €	+113%	-132,3 k €	-1183%	12,2 k €	+7.0%	11,4 k €	-22.1%	14,7 k €	+2024%	-762 €	-112%	6,4 k €	+45.3%	4,4 k €	-29.8%	6,3 k €	+36.0%	4,6 k €	-5.9%	4,9 k €	+383%	-1,7 k €	-131%	5,6 k €	-7.9%	6,1 k €	+460%	1,1 k €	-74.6%	4,2 k €
Balance sheet
Equity	9,5 k €	+69.1%	5,6 k €	+149%	-11,5 k €	+48.7%	-22,5 k €	-36.1%	-16,5 k €	+50.7%	-33,5 k €	-134%	98,8 k €	+14.1%	86,5 k €	+15.2%	75,1 k €	+24.2%	60,5 k €	-1.2%	61,2 k €	+11.7%	54,8 k €	+8.8%	50,4 k €	+14.3%	44,1 k €	+11.7%	39,5 k €	+14.2%	34,5 k €	-4.8%	36,3 k €	+18.2%	30,7 k €	+24.6%	24,7 k €	+4.6%	23,6 k €
Total assets	93,8 k €	-24.9%	125 k €	-24.4%	165,3 k €	-13.7%	191,6 k €	-17.7%	232,9 k €	-11.2%	262,3 k €	-38.8%	428,5 k €	-4.8%	450,2 k €	-5.4%	475,9 k €	-3.0%	490,7 k €	+25.6%	390,8 k €	-4.1%	407,5 k €	-3.5%	422,3 k €	-3.2%	436,4 k €	-3.4%	451,9 k €	+0.9%	447,8 k €	-1.5%	454,4 k €	-4.4%	475,4 k €	-0.4%	477,2 k €	+27.3%	374,7 k €
Cash	8,7 k €	-12.3%	10 k €	-26.8%	13,6 k €	+154%	5,4 k €	-55.7%	12,1 k €	+73.9%	7 k €	-28.3%	9,7 k €	+35.7%	7,2 k €	+7.2%	6,7 k €	+84.4%	3,6 k €	-68.7%	11,6 k €	+11.9%	10,3 k €	-27.3%	14,2 k €	+42.7%	10 k €	+17.5%	8,5 k €	+12.9%	7,5 k €	+8.1%	6,9 k €	+69.3%	4,1 k €	+200%	1,4 k €	-66.5%	4,1 k €
Debts	84,3 k €	-29.4%	119,4 k €	-32.5%	176,8 k €	-17.4%	214,1 k €	-14.2%	249,5 k €	-15.7%	295,9 k €	-10.3%	329,8 k €	-9.3%	363,7 k €	-9.2%	400,7 k €	-6.3%	427,5 k €	+30.4%	327,8 k €	-6.6%	350,9 k €	-5.2%	370,1 k €	-5.7%	392,3 k €	-4.9%	412,5 k €	-0.2%	413,2 k €	-1.2%	418,1 k €	-6.0%	444,7 k €	-1.7%	452,5 k €	+28.9%	351,1 k €

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 30/09/2025 · 2 active · 4 ended

Active mandates

Stéphane HELLINCKX

Director

Active

Thérèse Lenain

Mandate

Active

Ended mandates

ANNIKA TOSSYN

Managing director · since 01 juin 2005 · until 30 mai 2011

Ended

STEPHANE HELLINCKX

Managing director · since 01 juin 2005 · until 30 juin 2011

Ended

Stéphane HELLINCKX

Mandate

Ended

Thérèse Lenain

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
JAX Consulting● Active	1003.716.804

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	01/10/2024	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	08/04/2026	29/04/2025	27/02/2024	16/02/2023	02/03/2022	18/03/2021
General meeting	18/02/2026	19/02/2025	21/02/2024	15/02/2023	16/02/2022	17/02/2021
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

Looking for more information about this company?

Try for 7 days

Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	30/09/2025	18/02/2026	08/04/2026	Dutch	PDF
Micro model	30/09/2024	19/02/2025	29/04/2025	Dutch	PDF
Micro model	30/09/2023	21/02/2024	27/02/2024	Dutch	PDF
Micro model	30/09/2022	15/02/2023	16/02/2023	Dutch	PDF
Micro model	30/09/2021	16/02/2022	02/03/2022	Dutch	PDF
Micro model	30/09/2020	17/02/2021	18/03/2021	Dutch	PDF
Micro model	30/09/2019	19/02/2020	27/03/2020	Dutch	PDF
Micro model	30/09/2018	20/02/2019	21/03/2019	Dutch	PDF
Micro model	30/09/2017	21/02/2018	02/05/2018	Dutch	PDF
Abridged model	30/09/2016	15/02/2017	04/05/2017	Dutch	PDF
Abridged model	30/09/2015	16/02/2016	26/04/2016	Dutch	PDF
Abridged model	30/09/2014	18/02/2015	22/04/2015	Dutch	PDF
Abridged model	30/09/2013	19/02/2014	27/05/2014	Dutch	PDF
Abridged model	30/09/2012	20/02/2013	20/03/2013	Dutch	PDF
Abridged model	30/09/2011	15/02/2012	14/03/2012	Dutch	PDF
Abridged model	30/09/2010	28/02/2011	31/03/2011	Dutch	PDF
Abridged model	30/09/2009	30/03/2010	30/04/2010	Dutch	PDF
Abridged model	30/09/2008	31/03/2009	23/06/2009	Dutch	PDF
Abridged model	30/09/2007	20/03/2008	30/05/2008	Dutch	PDF
Abridged model	30/09/2006	20/03/2007	27/04/2007	Dutch	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 30/09/2025 · 2 active · 4 ended

Active mandates

Stéphane HELLINCKX

Director

Active

Thérèse Lenain

Mandate

Active

Ended mandates

ANNIKA TOSSYN

Managing director · since 01 juin 2005 · until 30 mai 2011

Ended

STEPHANE HELLINCKX

Managing director · since 01 juin 2005 · until 30 juin 2011

Ended

Stéphane HELLINCKX

Mandate

Ended

Thérèse Lenain

Manager

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates09/09/2025
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates13/11/2019
ONTSLAGEN - BENOEMINGEN
PDF
Registered office23/06/2015
SIEGE SOCIAL
PDF
Mandates03/11/2011
DEMISSIONS, NOMINATIONS - ANNEE COMPTABLE
PDF
Mandates29/09/2009
BEZOLDIGING BESTUURDER
PDF
Mandates13/09/2005
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/09/2004
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Registered office08/03/2004
MAATSCHAPPELIJKE ZETEL
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 20253,9 k €↓
2024
Annual accounts 202417,2 k €↑
2023
Annual accounts 202311 k €↑
2022
Annual accounts 2022-6 k €↓
2021
Annual accounts 202117 k €↑
2020
Annual accounts 2020-132,3 k €↓
2019
Annual accounts 201912,2 k €↑
2018
Annual accounts 201811,4 k €↓
2017
Annual accounts 201714,7 k €↑
2016
Annual accounts 2016-762 €↓
2015
Annual accounts 20156,4 k €↑
2014
Annual accounts 20144,4 k €↓
2013
Annual accounts 20136,3 k €↑
2012
Annual accounts 20124,6 k €↓
2011
Annual accounts 20114,9 k €↑
2010
Annual accounts 2010-1,7 k €↓
2009
Annual accounts 20095,6 k €↓
2008
Annual accounts 20086,1 k €↑
2007
Annual accounts 20071,1 k €↓
2006
Annual accounts 20064,2 k €
05/05/1994
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

ZARPA

Overview

What does ZARPA do?

Trend over 20 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