ACTIVE

ZSN Partners

Financial year 2025 · Closed on 31/12/2025

Net result-39 k €-113,8 %over 1 year
Gross margin2,1 k €-99,6 %over 1 year
Equity272,2 k €-12,5 %over 1 year

Identity

Source · BCE/KBO

ZSN Partners is a Private limited company incorporated in 1995. Its main activity is: Management consultancy activities. Its registered office is in Antwerpen.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0455.998.483
Incorporation
19/09/1995
Legal form
Private limited company
Registered office
Konijnenberg 48 box 101
2180 Antwerpen · FlandreSee on map
Contributed capital
61 973,38 €
Latest accounts
31/12/2025
Joint committees (1)
  • 218
Signals
Solid equityGood liquidity

Financials

Source · NBB, 19 filings

Trend over 18 financial years

20252024202320222021
Income statement
Gross margin2,1 k €508,2 k €59,8 k €19 k €84,8 k €
EBITDA-7,8 k €460,9 k €45,3 k €9,5 k €76,4 k €
Operating result-30,1 k €423,9 k €11,7 k €-23,3 k €44 k €
Net result-39 k €282,8 k €-5,4 k €-38,9 k €16,5 k €
Balance sheet
Equity272,2 k €311,3 k €149,1 k €154,5 k €193,6 k €
Total assets800,5 k €872,8 k €921,1 k €986,6 k €1,1 M €
Cash26,2 k €132,2 k €2,5 k €20 k €1,8 k €
Debts391,2 k €426,7 k €767,6 k €828,1 k €891,5 k €
Other
Workforce–––––

Valuation

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 2 ended

Active mandates

Steph Nauwelaerts

Director · since 20 août 2026

Active
Johnny Nauwelaerts

Director · since 19 septembre 1995

Active

Ended mandates

John Nauwelaerts

Manager · since 19 septembre 1995

Ended
Johnny Nauwelaerts

Manager · since 19 septembre 1995

Ended

Full financial information

Source · NBB
202520242023202220212020
Type of accountMicro modelMicro modelMicro modelMicro modelMicro modelMicro model
Start of the financial year01/01/202501/07/202301/07/202201/07/202101/07/202001/07/2019
Closing of the financial year31/12/202531/12/202430/06/202330/06/202230/06/202130/06/2020
Length of the financial year12 months18 months12 months12 months12 months12 months
Filing date31/08/202629/08/202531/01/202420/01/202327/01/202212/02/2021
General meeting27/08/202619/08/202508/12/202309/12/202231/12/202131/12/2020
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, 19 filings
ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202527/08/202631/08/2026DutchPDF
Micro model31/12/202419/08/202529/08/2025DutchPDF
Micro model30/06/202308/12/202331/01/2024DutchPDF
Micro model30/06/202209/12/202220/01/2023DutchPDF
Micro model30/06/202131/12/202127/01/2022DutchPDF
Micro model30/06/202031/12/202012/02/2021DutchPDF
Micro model30/06/201931/12/201931/01/2020DutchPDF
Micro model30/09/201721/03/201811/04/2018DutchPDF
Abridged model30/09/201631/03/201728/04/2017DutchPDF
Abridged model30/09/201529/02/201629/03/2016DutchPDF
Abridged model30/09/201428/02/201527/03/2015DutchPDF
Abridged model30/09/201328/02/201403/04/2014DutchPDF
Abridged model30/09/201228/02/201330/04/2013DutchPDF
Abridged model30/09/201129/02/201202/03/2012DutchPDF
Abridged model30/09/201028/02/201103/05/2011DutchPDF
Abridged model30/09/200931/03/201030/04/2010DutchPDF
Abridged model30/09/200827/02/200930/03/2009DutchPDF
Abridged model30/09/200729/02/200804/04/2008DutchPDF
Abridged model30/09/200628/02/200723/05/2007DutchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 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.

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 2 ended

Active mandates

Steph Nauwelaerts

Director · since 20 août 2026

Active
Johnny Nauwelaerts

Director · since 19 septembre 1995

Active

Ended mandates

John Nauwelaerts

Manager · since 19 septembre 1995

Ended
Johnny Nauwelaerts

Manager · since 19 septembre 1995

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates10/09/2026
    8 Le à Cñoeming bestuurder
    PDF
  • Other03/07/2024
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM - BENAMING - ALGEMENE VERGADERING - BOEKJAAR
    PDF
  • Registered office08/11/2023
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates15/10/2018
    ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - BOEKJAAR - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM
    PDF
  • Mandates09/04/2004
    ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Registered office22/10/2002
    MAATSCHAPPELIJKE ZETEL
    PDF

Similar companies

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

See the Business plan

Timeline

  1. 2025
    Annual accounts 2025-39 k €↓
  2. 2024
    Annual accounts 2024282,8 k €↑
  3. 2024
    Name changeZSN Partners
  4. 2023
    Annual accounts 2023-5,4 k €↑
  5. 2022
    Annual accounts 2022-38,9 k €↓
  6. 2022
    Name changeStevens Imvest
  7. 2021
    Annual accounts 202116,5 k €↑
  8. 2020
    Annual accounts 2020476,1 €↓
  9. 2019
    Annual accounts 20197,8 k €↓
  10. 2017
    Annual accounts 201717 k €↑
  11. 2016
    Annual accounts 2016-17,6 k €↓
  12. 2015
    Annual accounts 2015-738 €↓
  13. 2014
    Annual accounts 2014-465 €↓
  14. 2013
    Annual accounts 2013892,2 €↑
  15. 2012
    Annual accounts 2012-17 k €↓
  16. 2011
    Annual accounts 201128,5 k €↑
  17. 2010
    Annual accounts 2010-3,4 k €↑
  18. 2009
    Annual accounts 2009-50,8 k €↓
  19. 2008
    Annual accounts 2008-5,3 k €↓
  20. 2007
    Annual accounts 200716,2 k €
  21. 19/09/1995
    IncorporationPrivate limited company