ACTIVE

ZINACOR

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Financial year 2025 · Closed on 30/09/2025

Net result2,2 M €+135,7 %over 1 year

Revenue31,6 M €+5,7 %over 1 year

Equity5,1 M €+16,4 %over 1 year

Workforce32,7 ETP-11,4 %over 1 year

Identity

Source · BCE/KBO

ZINACOR is a Public limited company incorporated in 1997. Its main activity is: Lead, zinc and tin production. Its registered office is in Liège. It employs on average 32,7 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0462.156.795
Incorporation: 23/12/1997
Legal form: Public limited company
Registered office: Rue de Chênée 53
4031 Liège · WallonieSee on map
Contributed capital: 2 500 000,00 €
Latest accounts: 30/09/2025
Average workforce: 32,7 ETP

Activities (NACE)

24430Lead, zinc and tin production· main 24430Lead, zinc and tin production 27431Manufacture of electric lighting equipment 27432Manufacture of electric lighting equipment

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 20 filings

Trend over 19 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	31,6 M €	+5.7%	29,9 M €	-6.1%	31,8 M €	-10.2%	35,5 M €	+21.2%	29,3 M €
EBITDA	4,1 M €	+2.2%	4,1 M €	+60.7%	2,5 M €	-15.2%	3 M €	+24.0%	2,4 M €
Operating result	3,4 M €	+9.6%	3,1 M €	+56.5%	2 M €	-20.9%	2,5 M €	+32.9%	1,9 M €
Net result	2,2 M €	+136%	942,4 k €	+200%	313,9 k €	-82.2%	1,8 M €	+52.5%	1,2 M €
Balance sheet
Equity	5,1 M €	+16.4%	4,4 M €	-11.3%	5 M €	-12.2%	5,6 M €	+15.4%	4,9 M €
Total assets	13,6 M €	-4.8%	14,3 M €	+8.5%	13,2 M €	+2.7%	12,9 M €	+19.6%	10,7 M €
Cash	487,6 k €	-74.1%	1,9 M €	+399%	377,3 k €	-61.3%	974,3 k €	+43.3%	680,1 k €
Debts	7,9 M €	-16.8%	9,5 M €	+17.6%	8,1 M €	+14.7%	7 M €	+20.7%	5,8 M €
Other
Workforce	32,7 ETP	-11.4%	36,9 ETP	-3.4%	38,2 ETP	+4.9%	36,4 ETP	+12.7%	32,3 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 25 M€ and 50 M€

See the valuation

Board of directors

Source · NBB, accounts to 30/09/2025

1 active · 3 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
LOTHAR KONRAD	Managing director26/02/2024 → 26/02/2029Chairman of the board of directors04/05/2004 → 2023 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Gabriela GRILLO	Director15/02/2016 → 2023 accounts
Ulrich GRILLO	Director15/02/2016 → 2023 accounts

Other companies at this address

Rue de Chênée 53 4031 Liège

Company	CBE no.
Fédération des Métalliseurs de Belgique● Active	0428.964.088

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full 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	28/07/2026	21/10/2025	13/08/2024	14/08/2024	31/03/2023	27/08/2021
General meeting	23/02/2026	31/03/2025	23/02/2024	27/03/2023	31/03/2022	26/02/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	30/09/2025	23/02/2026	28/07/2026	French	PDF
Full model	30/09/2024	31/03/2025	21/10/2025	French	PDF
Full model	30/09/2023	23/02/2024	13/08/2024	French	PDF
Full model	30/09/2022	27/03/2023	14/08/2024	French	PDF
Full model	30/09/2021	31/03/2022	31/03/2023	French	PDF
Full model	30/09/2020	26/02/2021	27/08/2021	French	PDF
Full model	30/09/2019	27/02/2020	10/03/2021	French	PDF
Full model	30/09/2018	13/02/2019	12/03/2019	French	PDF
Full model	30/09/2017	20/02/2018	12/03/2018	French	PDF
Full model	30/09/2016	23/02/2017	08/03/2017	French	PDF
Full model	30/09/2015	15/02/2016	23/02/2016	French	PDF
Full model	30/09/2014	02/02/2015	11/02/2015	French	PDF
Full model	30/09/2013	24/02/2014	28/03/2014	French	PDF
Full model	30/09/2012	13/02/2013	15/03/2013	French	PDF
Full model	30/09/2011	27/02/2012	23/03/2012	French	PDF
Full model	30/09/2010	02/03/2011	31/03/2011	French	PDF
Full model	30/09/2009	04/02/2010	10/03/2010	French	PDF
Full model	30/09/2008	23/02/2009	19/03/2009	French	PDF
Full model	30/09/2007	15/02/2008	13/03/2008	French	PDF
Full model	30/09/2006	12/02/2007	15/03/2007	French	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 25 M€ and 50 M€

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 30/09/2025

1 active · 3 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
LOTHAR KONRAD	Managing director26/02/2024 → 26/02/2029Chairman of the board of directors04/05/2004 → 2023 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Gabriela GRILLO	Director15/02/2016 → 2023 accounts
Ulrich GRILLO	Director15/02/2016 → 2023 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates21/10/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates17/10/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates03/01/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DEMISSIONS, NOMINATIONS
PDF
Mandates29/03/2018
DEMISSIONS, NOMINATIONS
PDF
Mandates17/06/2016
DEMISSIONS, NOMINATIONS
PDF
Mandates30/03/2016
DEMISSIONS, NOMINATIONS
PDF
Mandates27/08/2015
DEMISSIONS, NOMINATIONS
PDF
Mandates29/07/2014
DEMISSIONS, NOMINATIONS
PDF

Similar companies

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

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings19 filings

Mandates

LOTHAR KONRAD

Ulrich GRILLO

Gabriela GRILLO

GRANT THORNTON BEDRIJFSREVISOREN - REVISEURS D'ENTREPRISES

199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026202720282029

ZINACOR

Rue de Chênée 53, 4031 Angleur

Managing directorChairman of the board of directors

Director

Auditor

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Rue de Chênée 53, 4031 AngleurCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00351284

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
ZINACORCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00351284

Events

2025
Annual accounts 20252,2 M €↑
2024
Annual accounts 2024942,4 k €↑
2023
Annual accounts 2023313,9 k €↓
2022
Annual accounts 20221,8 M €↑
2021
Annual accounts 20211,2 M €↑
2020
Annual accounts 2020730,3 k €↑
2019
Annual accounts 2019442 k €↑
2018
Annual accounts 2018438,9 k €↓
2017
Annual accounts 20171,1 M €↑
2016
Annual accounts 20161,1 M €↑
2015
Annual accounts 2015957,4 k €↓
2014
Annual accounts 20141,1 M €↑
2013
Annual accounts 20131,1 M €↑
2012
Annual accounts 2012716,6 k €↓
2011
Annual accounts 2011980,2 k €↓
2010
Annual accounts 20101,1 M €↑
2009
Annual accounts 20091 M €↑
2008
Annual accounts 2008940,6 k €↓
2007
Annual accounts 20071 M €
23/12/1997
IncorporationPublic limited company

ZINACOR

Overview

Identity

Financials

Valuation

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

Timeline

Registered offices

Company names

Events