ACTIVE

TZAR

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Financial year 2024 · closed on 31/12/2024

Net result

6,6 k €

-84.9% YoY

Gross margin

21,7 k €

-65.7% YoY

Equity

483,4 k €

+1.4% YoY

What does TZAR do?

TZAR is a Private limited company incorporated in 1998. Its main activity is: Specialised design activities. Its registered office is in Ixelles.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0462.764.729

Incorporation

11/03/1998

Legal form

Private limited company

Registered office

Rue Américaine 76
1050 Ixelles · BruxellesSee on map

Contributed capital

18 600,00 €

Latest accounts

31/12/2024

Activities (NACE)

74142Specialised design activities· main 82300Organisation of conventions and trade shows 82300Organisation of conventions and trade shows 70200Management consultancy activities 70220Business and other management consultancy activities

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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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	21,7 k €	-65.7%	63,3 k €	+67.0%	37,9 k €	-62.6%	101,5 k €	+577%	-21,3 k €	-124%	89,5 k €	-33.6%	134,6 k €	-48.3%	260,5 k €	-0.8%	262,7 k €	-21.0%	332,4 k €	+1.7%	326,8 k €	-25.5%	438,9 k €	+13.2%	387,8 k €	+19.2%	325,4 k €	-13.3%	375,1 k €	+52.7%	245,7 k €	+41.3%	173,9 k €	-30.5%	250,3 k €	+182%	88,6 k €
EBITDA	21 k €	-65.6%	61,2 k €	+96.5%	31,1 k €	-61.1%	80 k €	+212%	-71,1 k €	-488%	18,3 k €	-58.7%	44,5 k €	-78.5%	207,2 k €	+10.8%	186,9 k €	-17.6%	226,9 k €	+8.1%	209,9 k €	-39.1%	344,4 k €	+11.8%	308,1 k €	+21.9%	252,8 k €	-11.5%	285,7 k €	+78.0%	160,5 k €	+32.0%	121,6 k €	-50.2%	244,3 k €	+184%	85,9 k €
Operating result	12,9 k €	-77.3%	57,1 k €	+138%	23,9 k €	-64.5%	67,4 k €	+187%	-77,1 k €	-692%	13 k €	-66.2%	38,5 k €	-80.1%	193,1 k €	+22.9%	157,1 k €	-19.9%	196,2 k €	+0.8%	194,7 k €	-40.4%	326,9 k €	+25.7%	260 k €	+31.9%	197,1 k €	-14.5%	230,5 k €	+103%	113,5 k €	+45.6%	77,9 k €	-62.1%	205,7 k €	+307%	50,6 k €
Net result	6,6 k €	-84.9%	43,9 k €	+88.2%	23,3 k €	-65.0%	66,7 k €	+188%	-75,9 k €	-1682%	4,8 k €	-83.1%	28,4 k €	-77.4%	125,9 k €	+20.8%	104,2 k €	-27.1%	142,9 k €	+11.7%	127,9 k €	-39.4%	211,3 k €	+13.7%	185,8 k €	+81.0%	102,6 k €	-29.6%	145,8 k €	+120%	66,3 k €	+39.7%	47,4 k €	-64.9%	135,3 k €	+385%	27,9 k €
Balance sheet
Equity	483,4 k €	+1.4%	476,7 k €	+10.1%	432,8 k €	+5.7%	409,5 k €	+19.4%	342,9 k €	-18.1%	418,8 k €	+1.2%	414 k €	-27.0%	567,4 k €	+28.5%	441,5 k €	+1.0%	437,3 k €	+10.9%	394,4 k €	+13.8%	346,5 k €	-43.3%	610,8 k €	+48.0%	412,6 k €	-4.0%	430 k €	+6.4%	404,2 k €	-17.2%	487,9 k €	+10.8%	440,5 k €	+44.3%	305,2 k €
Total assets	537,7 k €	-0.8%	542,1 k €	+14.3%	474,4 k €	-8.6%	519,3 k €	+35.6%	383 k €	-20.4%	481 k €	-3.7%	499,5 k €	-30.8%	721,6 k €	+15.3%	626 k €	-6.5%	669,7 k €	-10.8%	750,9 k €	-14.0%	873 k €	-6.5%	933,6 k €	-6.3%	996,4 k €	+3.2%	965,6 k €	+2.2%	944,6 k €	+14.4%	825,4 k €	-7.2%	889,4 k €	+5.6%	842,6 k €
Cash	76,1 k €	-39.4%	125,8 k €	+12.9%	111,4 k €	-39.0%	182,7 k €	+17.7%	155,3 k €	-17.6%	188,5 k €	-3.9%	196,1 k €	-63.5%	536,9 k €	+4.1%	515,9 k €	+7.8%	478,6 k €	-5.9%	508,4 k €	+33.9%	379,8 k €	+0.2%	379 k €	+41.7%	267,3 k €	-21.2%	339,2 k €	-7.0%	364,8 k €	+19.5%	305,2 k €	-7.6%	330,5 k €	+63.0%	202,8 k €
Debts	54,3 k €	-16.3%	64,9 k €	+56.1%	41,6 k €	-62.1%	109,8 k €	+173%	40,2 k €	-35.4%	62,2 k €	-27.3%	85,5 k €	-31.2%	124,2 k €	-32.7%	184,5 k €	-13.9%	214,4 k €	-37.8%	344,5 k €	-15.9%	409,6 k €	+37.5%	297,9 k €	-49.0%	583,7 k €	+9.0%	535,6 k €	-0.9%	540,4 k €	+71.1%	315,8 k €	-17.9%	384,5 k €	-16.6%	460,8 k €
Other
Workforce	–		–		–		1,6 ETP	-20.0%	2,0 ETP		–		1,4 ETP	+40.0%	1,0 ETP	-37.5%	1,6 ETP	-38.5%	2,6 ETP	-13.3%	3,0 ETP	+36.4%	2,2 ETP	+46.7%	1,5 ETP	-25.0%	2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 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 31/12/2024 · 2 active · 5 ended

Active mandates

EVENTSYS SA

Director · since 30 mai 2018

Represented by Gabriele CATANIA

Active

Christophe DE WANDELEER

Director

Active

Ended mandates

EVENTSYS SA

Manager · since 30 mai 2018

Represented by Gabriele CATANIA

Ended

Christophe DE WANDELEER

Director · since 09 mars 1998

Ended

CHRISTOPHE DE WANDELEER

Manager

Ended

EVENTSYS SA

Manager

Represented by Gabriele CATANIA

Ended

At this address

Other companies at this address

Company	CBE no.
European Nicotine Pouches Alliance● Active	1027.934.140
KENYON and ECKHARDT Belgium● Liquidation	0421.485.685
Kusfors● Active	0719.796.022
Nordic Nicotine Pouches Alliance● Active	0751.687.444

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged 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	23/06/2025	03/07/2024	27/06/2023	13/10/2022	18/10/2021	25/11/2020
General meeting	20/06/2025	21/06/2024	16/06/2023	12/10/2022	18/06/2021	29/05/2020
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
Abridged model	31/12/2024	20/06/2025	23/06/2025	French	PDF
Abridged model	31/12/2023	21/06/2024	03/07/2024	French	PDF
Abridged model	31/12/2022	16/06/2023	27/06/2023	French	PDF
Abridged model	31/12/2021	12/10/2022	13/10/2022	French	PDF
Abridged model	31/12/2020	18/06/2021	18/10/2021	French	PDF
Micro model	31/12/2019	29/05/2020	25/11/2020	French	PDF
Abridged model	31/12/2018	31/05/2019	24/06/2019	French	PDF
Abridged model	31/12/2017	25/05/2018	28/05/2018	French	PDF
Abridged model	31/12/2016	26/05/2017	30/05/2017	French	PDF
Abridged model	31/12/2015	27/05/2016	07/06/2016	French	PDF
Abridged model	31/12/2014	29/05/2015	16/06/2015	French	PDF
Abridged model	31/12/2013	30/05/2014	26/08/2014	French	PDF
Abridged model	31/12/2012	31/05/2013	02/08/2013	French	PDF
Abridged model	31/12/2011	25/05/2012	30/08/2012	French	PDF
Abridged model	31/12/2010	27/05/2011	17/06/2011	French	PDF
Abridged model	31/12/2009	28/05/2010	01/07/2010	French	PDF
Abridged model	31/12/2008	29/05/2009	24/08/2009	French	PDF
Abridged model	31/12/2007	30/05/2008	27/08/2008	French	PDF
Abridged model	31/12/2006	25/05/2007	28/08/2007	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 31/12/2024 · 2 active · 5 ended

Active mandates

EVENTSYS SA

Director · since 30 mai 2018

Represented by Gabriele CATANIA

Active

Christophe DE WANDELEER

Director

Active

Ended mandates

EVENTSYS SA

Manager · since 30 mai 2018

Represented by Gabriele CATANIA

Ended

Christophe DE WANDELEER

Director · since 09 mars 1998

Ended

CHRISTOPHE DE WANDELEER

Manager

Ended

EVENTSYS SA

Manager

Represented by Gabriele CATANIA

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates17/02/2021
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - OBJET - DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE
PDF
Mandates05/07/2018
DEMISSIONS, NOMINATIONS
PDF
Capital / shares19/03/2018
CAPITAL, ACTIONS
PDF
Capital / shares10/01/2014
CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates19/07/2013
CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates12/04/2013
DEMISSIONS, NOMINATIONS
PDF
Registered office08/09/2006
SIEGE SOCIAL - 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 20246,6 k €↓
2023
Annual accounts 202343,9 k €↑
2022
Annual accounts 202223,3 k €↓
2021
Annual accounts 202166,7 k €↑
2020
Annual accounts 2020-75,9 k €↓
2019
Annual accounts 20194,8 k €↓
2018
Annual accounts 201828,4 k €↓
2017
Annual accounts 2017125,9 k €↑
2016
Annual accounts 2016104,2 k €↓
2015
Annual accounts 2015142,9 k €↑
2014
Annual accounts 2014127,9 k €↓
2013
Annual accounts 2013211,3 k €↑
2012
Annual accounts 2012185,8 k €↑
2011
Annual accounts 2011102,6 k €↓
2010
Annual accounts 2010145,8 k €↑
2009
Annual accounts 200966,3 k €↑
2008
Annual accounts 200847,4 k €↓
2007
Annual accounts 2007135,3 k €↑
2006
Annual accounts 200627,9 k €
11/03/1998
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

TZAR

Overview

What does TZAR 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