ACTIVE

ZAO

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Financial year 2024 · closed on 31/12/2024

Net result

10,3 k €

+188.1% YoY

Gross margin

22,7 k €

+485.0% YoY

Equity

27,3 k €

+60.2% YoY

What does ZAO do?

ZAO is a Private limited company incorporated in 1996. Its main activity is: Wholesale of textiles. Its registered office is in Watermael-Boitsfort.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0457.737.456

Incorporation

11/04/1996

Legal form

Private limited company

Registered office

Rue Gratès 66
1170 Watermael-Boitsfort · BruxellesSee on map

Contributed capital

24 789,35 €

Latest accounts

31/12/2024

Activities (NACE)

46412Wholesale of textiles· main 46412Wholesale of textiles 51410Air transport 47512Retail sale of textiles in specialised stores 47512Retail sale of textiles in specialised stores 52410Warehousing and support activities for transportation

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	22,7 k €	+485%	-5,9 k €	-7.9%	-5,5 k €	-114%	39,2 k €	+185%	13,8 k €	+84.5%	7,5 k €	+163%	-11,9 k €	-159%	20,3 k €	-65.8%	59,2 k €	-30.0%	84,7 k €	-35.0%	130,2 k €	-6.6%	139,5 k €	+22.7%	113,7 k €	-27.9%	157,6 k €	+8.0%	145,9 k €	+43.9%	101,4 k €	+6.2%	95,5 k €	+1.1%	94,4 k €	+0.4%	94 k €
EBITDA	21,9 k €	+440%	-6,4 k €	+30.0%	-9,2 k €	-124%	38,3 k €	+208%	12,4 k €	+82.9%	6,8 k €	+130%	-22,7 k €	+68.4%	-71,9 k €	-168%	-26,8 k €	-1.7%	-26,4 k €	-400%	8,8 k €	-72.1%	31,5 k €	+109%	15,1 k €	-77.5%	67,1 k €	-6.5%	71,7 k €	+50.1%	47,8 k €	+48.1%	32,3 k €	-40.9%	54,6 k €	+30.1%	42 k €
Operating result	17,1 k €	+250%	-11,4 k €	-315%	5,3 k €	-86.1%	38,1 k €	+211%	12,3 k €	+274%	-7 k €	+69.7%	-23,2 k €	+69.2%	-75,5 k €	-85.0%	-40,8 k €	-13.0%	-36,1 k €	-347%	14,6 k €	-67.9%	45,5 k €	+652%	6,1 k €	-75.7%	24,9 k €	+90.9%	13 k €	-63.9%	36,1 k €	+70.9%	21,1 k €	-54.2%	46,2 k €	+37.9%	33,5 k €
Net result	10,3 k €	+188%	-11,7 k €	-339%	4,9 k €	-86.0%	34,8 k €	+190%	12 k €	+261%	-7,5 k €	+68.7%	-23,8 k €	+69.7%	-78,6 k €	-61.0%	-48,8 k €	-31.3%	-37,2 k €	-658%	6,7 k €	-79.9%	33,2 k €	+1641%	1,9 k €	-81.1%	10,1 k €	+91.1%	5,3 k €	-74.7%	20,9 k €	+75.8%	11,9 k €	-57.3%	27,8 k €	+19.8%	23,2 k €
Balance sheet
Equity	27,3 k €	+60.2%	17 k €	-40.6%	28,7 k €	+16.6%	24,6 k €	+342%	-10,2 k €	+54.1%	-22,2 k €	-50.8%	-14,7 k €	-261%	9,1 k €	-89.6%	87,8 k €	-35.8%	136,6 k €	-21.4%	173,8 k €	+4.0%	167,1 k €	+24.8%	134 k €	+1.4%	132,1 k €	+8.3%	122 k €	+4.5%	116,7 k €	+21.8%	95,9 k €	+14.1%	84 k €	+49.5%	56,2 k €
Total assets	48,5 k €	+35.0%	35,9 k €	-22.8%	46,5 k €	-20.4%	58,4 k €	+306%	14,4 k €	+119%	6,6 k €	-61.3%	17 k €	-67.0%	51,6 k €	-75.9%	213,9 k €	-29.2%	302,1 k €	+0.4%	300,9 k €	-1.7%	306 k €	+15.3%	265,4 k €	-8.0%	288,4 k €	+0.4%	287,2 k €	-16.6%	344,5 k €	+41.4%	243,7 k €	+6.9%	227,9 k €	+10.7%	205,8 k €
Cash	37,3 k €	+238%	11,1 k €	-56.9%	25,7 k €	-48.3%	49,6 k €	+343%	11,2 k €	+391%	2,3 k €	+42.2%	1,6 k €	-94.7%	30,2 k €	+1270%	2,2 k €	-96.2%	58,8 k €	+589%	8,5 k €	+27.5%	6,7 k €	-12.2%	7,6 k €	-38.4%	12,4 k €	-78.2%	56,8 k €	+193%	19,4 k €	+957%	1,8 k €	-93.1%	26,6 k €	-9.3%	29,3 k €
Debts	21,1 k €	+12.2%	18,8 k €	+5.9%	17,8 k €	+20.1%	14,8 k €	+165%	5,6 k €	-42.8%	9,8 k €	-23.4%	12,8 k €	-45.6%	23,4 k €	-78.1%	107,2 k €	-25.0%	143 k €	+36.8%	104,5 k €	-10.2%	116,4 k €	+6.9%	108,9 k €	-18.6%	133,9 k €	-6.2%	142,7 k €	-30.2%	204,4 k €	+63.1%	125,3 k €	+3.4%	121,1 k €	-4.7%	127,1 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		2,0 ETP	-25.9%	2,7 ETP	-3.6%	2,8 ETP	0.0%	2,8 ETP	0.0%	2,8 ETP	+3.7%	2,7 ETP	+12.5%	2,4 ETP	-20.0%	3,0 ETP	+36.4%	2,2 ETP	+37.5%	1,6 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 31/12/2024 · 1 active · 4 ended

Active mandates

Isabelle Mertens

Director · since 29 septembre 1999

Active

Ended mandates

Isabelle Mertens-von der Becke

Director · since 29 septembre 1999

Ended

Isabelle Mertens von der Becke

Manager

Ended

Tanguy Greban de Saint-Germain

Manager · until 31 octobre 2007

Ended

Tanguy Greban de Saint-Germain

Manager

Ended

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	29/08/2025	31/08/2024	01/09/2023	28/07/2022	30/08/2021	25/09/2020
General meeting	13/05/2025	14/05/2024	09/05/2023	10/05/2022	11/05/2021	26/08/2020
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2024	13/05/2025	29/08/2025	French	PDF
Micro model	31/12/2023	14/05/2024	31/08/2024	French	PDF
Micro model	31/12/2022	09/05/2023	01/09/2023	French	PDF
Micro model	31/12/2021	10/05/2022	28/07/2022	French	PDF
Micro model	31/12/2020	11/05/2021	30/08/2021	French	PDF
Micro model	31/12/2019	26/08/2020	25/09/2020	French	PDF
Micro model	31/12/2018	14/05/2019	31/07/2019	French	PDF
Micro model	31/12/2017	08/05/2018	09/08/2018	French	PDF
Micro model	31/12/2016	09/05/2017	31/07/2017	French	PDF
Abridged model	31/12/2015	10/09/2016	05/10/2016	French	PDF
Abridged model	31/12/2014	06/10/2015	06/10/2015	French	PDF
Abridged model	31/12/2013	18/07/2014	23/07/2014	French	PDF
Abridged model	31/12/2012	16/11/2013	28/11/2013	French	PDF
Abridged model	31/12/2011	04/10/2012	16/10/2012	French	PDF
Abridged model	31/12/2010	09/11/2011	28/11/2011	French	PDF
Abridged model	31/12/2009	11/05/2010	13/09/2010	French	PDF
Abridged model	31/12/2008	12/05/2009	09/09/2009	French	PDF
Abridged model	31/12/2007	30/06/2008	06/10/2008	French	PDF
Abridged model	31/12/2006	08/05/2007	16/08/2007	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 31/12/2024 · 1 active · 4 ended

Active mandates

Isabelle Mertens

Director · since 29 septembre 1999

Active

Ended mandates

Isabelle Mertens-von der Becke

Director · since 29 septembre 1999

Ended

Isabelle Mertens von der Becke

Manager

Ended

Tanguy Greban de Saint-Germain

Manager · until 31 octobre 2007

Ended

Tanguy Greban de Saint-Germain

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates07/10/2024
MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE - ANNEE COMPTABLE
PDF
Registered office12/01/2018
SIEGE SOCIAL
PDF
Mandates20/03/2008
DEMISSIONS, NOMINATIONS
PDF
Capital / shares04/01/2006
ANNEE COMPTABLE - ASSEMBLEE GENERALE - CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates01/02/2005
DEMISSIONS, NOMINATIONS
PDF
Mandates03/12/2002
DENOMINATION - ASSEMBLEE GENERALE - CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
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

2024
Annual accounts 202410,3 k €↑
2023
Annual accounts 2023-11,7 k €↓
2022
Annual accounts 20224,9 k €↓
2021
Annual accounts 202134,8 k €↑
2020
Annual accounts 202012 k €↑
2019
Annual accounts 2019-7,5 k €↑
2018
Annual accounts 2018-23,8 k €↑
2017
Annual accounts 2017-78,6 k €↓
2016
Annual accounts 2016-48,8 k €↓
2015
Annual accounts 2015-37,2 k €↓
2014
Annual accounts 20146,7 k €↓
2013
Annual accounts 201333,2 k €↑
2012
Annual accounts 20121,9 k €↓
2011
Annual accounts 201110,1 k €↑
2010
Annual accounts 20105,3 k €↓
2009
Annual accounts 200920,9 k €↑
2008
Annual accounts 200811,9 k €↓
2007
Annual accounts 200727,8 k €↑
2006
Annual accounts 200623,2 k €
11/04/1996
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

ZAO

Overview

What does ZAO do?

Trend over 19 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