ACTIVE

BUSINESS

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Financial year 2025 · closed on 30/06/2025

Net result

39,5 k €

-73.9% YoY

Gross margin

256,6 k €

-34.0% YoY

Equity

-112,5 k €

+26.0% YoY

Workforce

11,8 ETP

+31.1% YoY

What does BUSINESS do?

BUSINESS is a Public limited company incorporated in 1994. Its registered office is in Etterbeek. It employs on average 11,8 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0453.241.309

Incorporation

16/08/1994

Legal form

Public limited company

Registered office

Rue des Tongres 58
1040 Etterbeek · BruxellesSee on map

Contributed capital

111 552,09 €

Latest accounts

30/06/2025

Average workforce

11,8 ETP

Joint committees (1)

Signals

ProfitableGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	256,6 k €	-34.0%	388,5 k €	+14.7%	338,6 k €	+2.1%	331,7 k €	+229%	100,7 k €	-58.7%	243,7 k €	-45.5%	446,8 k €	+18.4%	377,4 k €	+9.0%	346,3 k €	-10.9%	388,6 k €	+11.3%	349,1 k €	+16.3%	300,1 k €	+10.6%	271,3 k €	-36.9%	429,6 k €	+20.4%	356,9 k €	+32.6%	269,1 k €	-6.2%	286,9 k €	-21.1%	363,5 k €	-18.2%	444,3 k €
EBITDA	97,5 k €	-56.1%	221,9 k €	+30.7%	169,7 k €	+170%	62,8 k €	+720%	-10,1 k €	-110%	98,9 k €	-50.8%	201 k €	+460%	35,9 k €	+3075%	1,1 k €	+116%	-7,1 k €	+88.0%	-59,2 k €	+54.1%	-129,1 k €	-14.1%	-113,1 k €	-193%	122,2 k €	+808%	-17,3 k €	+89.1%	-157,7 k €	-336%	-36,2 k €	-140%	90,3 k €	-40.1%	150,8 k €
Operating result	43,7 k €	-72.0%	156,2 k €	+60.1%	97,5 k €	+1437%	-7,3 k €	+86.8%	-55,2 k €	-173%	75,2 k €	-58.0%	179,1 k €	+1133%	14,5 k €	+166%	-22 k €	+32.5%	-32,6 k €	+61.3%	-84,2 k €	+40.6%	-141,9 k €	-15.7%	-122,7 k €	-209%	112,3 k €	+437%	-33,3 k €	+81.0%	-175 k €	-203%	-57,7 k €	-193%	62,2 k €	-48.2%	120,1 k €
Net result	39,5 k €	-73.9%	151,7 k €	+72.8%	87,8 k €	+540%	-20 k €	+67.0%	-60,4 k €	-175%	80,2 k €	-54.4%	175,7 k €	+2362%	7,1 k €	+124%	-29,8 k €	-8.4%	-27,4 k €	+73.2%	-102,3 k €	+19.9%	-127,8 k €	+5.9%	-135,8 k €	-228%	106 k €	+376%	-38,4 k €	+79.0%	-183,2 k €	-174%	-66,9 k €	-381%	23,8 k €	-78.4%	109,9 k €
Balance sheet
Equity	-112,5 k €	+26.0%	-152 k €	+49.9%	-303,7 k €	+22.4%	-391,5 k €	-5.4%	-371,5 k €	-19.4%	-311,1 k €	+20.5%	-391,3 k €	+31.0%	-567,1 k €	+1.2%	-574,2 k €	-5.5%	-544,4 k €	-5.3%	-517 k €	-24.7%	-414,7 k €	-44.5%	-286,9 k €	-89.9%	-151,1 k €	+41.2%	-257,2 k €	-17.6%	-218,7 k €	-515%	-35,6 k €	-214%	31,3 k €	+317%	7,5 k €
Total assets	677,1 k €	+1.5%	666,8 k €	-5.8%	708,1 k €	+2.9%	688,4 k €	-13.3%	793,7 k €	+102%	392,5 k €	+31.4%	298,7 k €	+33.3%	224,1 k €	-23.6%	293,2 k €	+5.5%	278,1 k €	-9.6%	307,5 k €	-4.4%	321,6 k €	+132%	138,6 k €	-26.0%	187,3 k €	-16.3%	223,7 k €	+22.9%	182 k €	-46.3%	338,7 k €	-0.1%	338,9 k €	-30.1%	485,1 k €
Cash	31,8 k €	-46.0%	58,9 k €	-26.4%	80 k €	+78.3%	44,9 k €	-27.4%	61,8 k €	+97.8%	31,3 k €	-35.1%	48,2 k €	-16.4%	57,6 k €	-28.9%	81,1 k €	+82.7%	44,4 k €	+1.8%	43,6 k €	-46.0%	80,7 k €	+203%	26,7 k €	-74.3%	103,7 k €	+15.6%	89,7 k €	+139%	37,5 k €	-23.7%	49,1 k €	-28.4%	68,6 k €	-11.0%	77,1 k €
Debts	789,6 k €	-3.6%	818,9 k €	-19.1%	1 M €	-6.3%	1,1 M €	-7.3%	1,2 M €	+65.6%	703,6 k €	+2.0%	690,1 k €	-12.8%	791,2 k €	-8.8%	867,5 k €	+6.2%	816,8 k €	-0.5%	820,9 k €	+12.0%	733,2 k €	+73.5%	422,7 k €	+25.9%	335,8 k €	-30.2%	480,7 k €	+20.0%	400,7 k €	+7.7%	372 k €	+20.9%	307,6 k €	-30.2%	440,8 k €
Other
Workforce	11,8 ETP	+31.1%	9,0 ETP		–		212 856,9 ETP		–		–		–		–		–		11,5 ETP	-13.5%	13,3 ETP	-5.7%	14,1 ETP	-9.6%	15,6 ETP	+5.4%	14,8 ETP	-5.7%	15,7 ETP	-14.2%	18,3 ETP	+40.8%	13,0 ETP	0.0%	13,0 ETP	-1.5%	13,2 ETP

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 30/06/2025 · 1 active · 12 ended

Active mandates

HADJ ZELLAT

Managing director

Active

Ended mandates

Chedi ZELLAT

Director · since 29 décembre 2016 · until 29 décembre 2022

Ended

Abdelkarim ZELLAT

Director · since 31 mai 2011 · until 31 mai 2016

Ended

ABDELKARIM ZELLAT

Director · since 31 mai 2011 · until 31 mai 2017

Ended

C.H.V.

Managing director · since 31 mai 2011 · until 31 mai 2016 · 0427.141.082

Represented by HADJ ZELLAT

Ended

At this address

Other companies at this address

Company	CBE no.
ATZ GESTION● Active	1026.595.837
CHZ INVEST● Active	0668.829.351
JENRO● Active	0444.396.590
UNIVERS COIFFURE● Active	0671.797.947

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Micro model	Micro model
Start of the financial year	01/07/2024	01/07/2023	01/07/2022	01/07/2021	01/07/2020	01/07/2019
Closing of the financial year	30/06/2025	30/06/2024	30/06/2023	30/06/2022	30/06/2021	30/06/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	30/01/2026	03/02/2025	11/03/2024	10/02/2023	27/01/2022	25/01/2021
General meeting	14/12/2025	14/12/2024	14/12/2023	14/12/2022	30/12/2021	30/12/2020
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	30/06/2025	14/12/2025	30/01/2026	French	PDF
Abridged model	30/06/2024	14/12/2024	03/02/2025	French	PDF
Abridged model	30/06/2023	14/12/2023	11/03/2024	French	PDF
Abridged model	30/06/2022	14/12/2022	10/02/2023	French	PDF
Micro model	30/06/2021	30/12/2021	27/01/2022	French	PDF
Micro model	30/06/2020	30/12/2020	25/01/2021	French	PDF
Micro model	30/06/2019	14/12/2019	06/01/2020	French	PDF
Micro model	30/06/2018	27/12/2018	07/01/2019	French	PDF
Micro model	30/06/2017	30/12/2017	29/01/2018	French	PDF
Abridged model	30/06/2016	30/12/2016	18/01/2017	French	PDF
Abridged model	30/06/2015	28/07/2016	04/08/2016	French	PDF
Abridged model	30/06/2014	15/12/2014	16/01/2015	French	PDF
Abridged model	30/06/2013	14/12/2013	14/02/2014	French	PDF
Abridged model	30/06/2012	14/12/2012	17/12/2012	French	PDF
Abridged model	30/06/2011	14/12/2011	27/01/2012	French	PDF
Abridged model	30/06/2010	14/12/2010	08/02/2011	French	PDF
Abridged model	30/06/2009	14/12/2009	12/02/2010	French	PDF
Abridged model	30/06/2008	15/12/2008	13/02/2009	French	PDF
Abridged model	30/06/2007	14/12/2007	14/02/2008	French	PDF
Abridged model	30/06/2006	14/12/2006	30/01/2007	French	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 30/06/2025 · 1 active · 12 ended

Active mandates

HADJ ZELLAT

Managing director

Active

Ended mandates

Chedi ZELLAT

Director · since 29 décembre 2016 · until 29 décembre 2022

Ended

Abdelkarim ZELLAT

Director · since 31 mai 2011 · until 31 mai 2016

Ended

ABDELKARIM ZELLAT

Director · since 31 mai 2011 · until 31 mai 2017

Ended

C.H.V.

Managing director · since 31 mai 2011 · until 31 mai 2016 · 0427.141.082

Represented by HADJ ZELLAT

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates27/08/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates25/05/2022
DEMISSIONS, NOMINATIONS
PDF
Other07/01/2021
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates20/02/2017
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF
Mandates21/02/2012
DEMISSIONS, NOMINATIONS
PDF
Other05/01/2012
DIVERS
PDF
Other29/12/2010
OBJET - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates07/06/2006
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 202539,5 k €↓
2024
Annual accounts 2024151,7 k €↑
2023
Annual accounts 202387,8 k €↑
2022
Annual accounts 2022-20 k €↑
2021
Annual accounts 2021-60,4 k €↓
2020
Annual accounts 202080,2 k €↓
2019
Annual accounts 2019175,7 k €↑
2018
Annual accounts 20187,1 k €↑
2017
Annual accounts 2017-29,8 k €↓
2016
Annual accounts 2016-27,4 k €↑
2015
Annual accounts 2015-102,3 k €↑
2014
Annual accounts 2014-127,8 k €↑
2013
Annual accounts 2013-135,8 k €↓
2012
Annual accounts 2012106 k €↑
2011
Annual accounts 2011-38,4 k €↑
2010
Annual accounts 2010-183,2 k €↓
2009
Annual accounts 2009-66,9 k €↓
2008
Annual accounts 200823,8 k €↓
2007
Annual accounts 2007109,9 k €
16/08/1994
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

BUSINESS

Overview

What does BUSINESS do?

Trend over 19 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