ACTIVE

ZARO

Export PDF

Financial year 2024 · closed on 31/12/2024

Net result

309,6 k €

+28.5% YoY

Revenue

2,1 M €

-8.3% YoY

Equity

3,2 M €

+10.7% YoY

What does ZARO do?

ZARO is a Public limited company incorporated in 1998. Its main activity is: Air transport. Its registered office is in Kontich.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0464.715.617

Incorporation

02/12/1998

Legal form

Public limited company

Registered office

Satenrozen 2A
2550 Kontich · FlandreSee on map

Contributed capital

762 105,82 €

Latest accounts

31/12/2024

Activities (NACE)

51410Air transport· main 68203Rental and operating of own or leased real estate 68203Rental and operating of own or leased real estate 46412Wholesale of textiles 46412Wholesale of textiles

Joint committees (1)

Signals

ProfitableSolid equityPositive cashflowPositive EBITDAHigh revenue

View the BCE/KBO Public Search record →

Health score

Available with a Rovalta subscriptionTry for 7 days

Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 14 financial years

	2024		2023		2022		2021		2019		2018		2017		2016		2015		2014		2012		2011		2010		2009
Income statement
Revenue	2,1 M €	-8.3%	2,2 M €	+8.1%	2,1 M €	+2.9%	2 M €	-1.9%	2 M €	+6.6%	1,9 M €	-2.3%	2 M €	-1.7%	2 M €	-5.4%	2,1 M €	+93.2%	1,1 M €	+1308%	77,7 k €	+6.4%	73 k €	-5.1%	76,9 k €	+3.1%	74,6 k €
EBITDA	2,1 M €	+0.0%	2,1 M €	+5.8%	1,9 M €	+2.3%	1,9 M €	-1.9%	1,9 M €	+7.3%	1,8 M €	-2.1%	1,8 M €	+0.3%	1,8 M €	+0.7%	1,8 M €	+84.5%	987 k €	+1531%	60,5 k €	+5.4%	57,4 k €	-1.9%	58,5 k €	+1.8%	57,5 k €
Operating result	745,3 k €	+16.8%	638,1 k €	-0.1%	638,5 k €	+17.4%	544,1 k €	-6.6%	582,4 k €	+27.9%	455,4 k €	-11.3%	513,2 k €	+11.2%	461,4 k €	-8.2%	502,4 k €	+21.5%	413,5 k €	+583%	60,5 k €	+5.4%	57,4 k €	-1.9%	58,5 k €	+1.8%	57,5 k €
Net result	309,6 k €	+28.5%	240,9 k €	-25.7%	324,1 k €	+19.7%	270,7 k €	+15.0%	235,3 k €	+119%	107,3 k €	+6.1%	101,1 k €	+186%	35,3 k €	+1.0%	35 k €	+121%	15,9 k €	-80.9%	82,9 k €	-5.3%	87,5 k €	-10.0%	97,2 k €	+17.9%	82,5 k €
Balance sheet
Equity	3,2 M €	+10.7%	2,9 M €	+9.1%	2,6 M €	+14.0%	2,3 M €	+16.9%	2 M €	+13.4%	1,8 M €	+6.5%	1,6 M €	+6.5%	1,5 M €	+2.3%	1,5 M €	+2.4%	1,5 M €	+124%	657,5 k €	+14.4%	574,6 k €	-14.5%	672,1 k €	+16.9%	575 k €
Total assets	9,9 M €	-15.1%	11,6 M €	-9.1%	12,8 M €	+6.5%	12 M €	-14.0%	14 M €	-8.7%	15,3 M €	-6.9%	16,4 M €	-6.0%	17,5 M €	-2.8%	18 M €	-7.1%	19,4 M €	+285%	5 M €	-9.5%	5,6 M €	-5.4%	5,9 M €	-4.5%	6,2 M €
Cash	109,6 k €	+698%	13,7 k €	-96.4%	386,7 k €	-25.7%	520,5 k €	+269%	141,1 k €	+8.6%	129,9 k €	-31.2%	188,8 k €	+90.9%	98,9 k €	+48.5%	66,6 k €	+53.0%	43,5 k €	-73.4%	163,8 k €	+595%	23,6 k €	-86.9%	179,6 k €	+19.8%	149,9 k €
Debts	6,6 M €	-24.8%	8,7 M €	-13.8%	10,1 M €	+4.7%	9,7 M €	-19.2%	12 M €	-11.6%	13,5 M €	-8.4%	14,8 M €	-7.2%	15,9 M €	-3.2%	16,5 M €	-7.9%	17,9 M €	+310%	4,4 M €	-12.2%	5 M €	-4.3%	5,2 M €	-6.7%	5,6 M €
Other
Workforce	–		–		–		–		–		–		–		0,6 ETP	-14.3%	0,7 ETP	-30.0%	1,0 ETP		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2024 · 2 active · 14 ended

Active mandates

Bru Holding

Managing director · since 19 février 2019 · until 30 juin 2025 · 0720.851.639

Represented by Gary Neiman

Active

NAV Holding

Managing director · since 19 février 2019 · until 30 juin 2025 · 0720.851.936

Represented by Jason Neiman

Active

Ended mandates

BRU TEXTILES

Managing director · since 27 juin 2016 · until 15 juin 2022 · 0453.835.284

Represented by Gary Neiman

Ended

Gary Neiman

Director · since 29 juin 2015 · until 15 juin 2021

Ended

Gary Neiman

Director · since 29 juin 2015 · until 29 juin 2021

Ended

Jason Neiman

Director · since 29 juin 2015 · until 15 juin 2021

Ended

At this address

Other companies at this address

Company	CBE no.
BRU● Active	0500.958.379
Bru Holding● Active	0720.851.639
BRU TEXTILES● Active	0453.835.284
Seenspire● Active	0662.484.462

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Full model	Full model	Full model	Full model	Full model	Full 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	10/07/2025	11/07/2024	30/06/2023	30/06/2022	29/06/2021	13/07/2020
General meeting	16/06/2025	20/06/2024	15/06/2023	15/06/2022	15/06/2021	30/06/2020
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

Looking for more information about this company?

Try for 7 days

Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2024	16/06/2025	10/07/2025	Dutch	PDF
Full model	31/12/2023	20/06/2024	11/07/2024	Dutch	PDF
Full model	31/12/2022	15/06/2023	30/06/2023	Dutch	PDF
Full model	31/12/2021	15/06/2022	30/06/2022	Dutch	PDF
Full model	31/12/2020	15/06/2021	29/06/2021	Dutch	PDF
Full model	31/12/2019	30/06/2020	13/07/2020	Dutch	PDF
Full model	31/12/2018	30/08/2019	02/09/2019	Dutch	PDF
Full model	31/12/2017	29/06/2018	11/07/2018	Dutch	PDF
Full model	31/12/2016	28/06/2017	19/07/2017	Dutch	PDF
Full model	31/12/2015	27/06/2016	25/07/2016	Dutch	PDF
Full model	31/12/2014	29/06/2015	29/07/2015	Dutch	PDF
Full modelCorrection	31/12/2013	27/06/2014	24/10/2014	Dutch	PDF
Full model	31/12/2013	27/06/2014	31/07/2014	Dutch	PDF
Full model	31/12/2012	29/06/2013	25/07/2013	Dutch	PDF
Full model	31/12/2011	29/06/2012	11/07/2012	Dutch	PDF
Full model	31/12/2010	30/06/2011	19/07/2011	Dutch	PDF
Full model	31/12/2009	30/06/2010	30/06/2010	Dutch	PDF
Full model	31/12/2008	18/06/2009	20/07/2009	Dutch	PDF
Full model	31/12/2007	25/06/2008	24/07/2008	Dutch	PDF
Full model	31/12/2006	15/06/2007	29/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 5 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.

Governance

Board of directors

Seen on filing of 31/12/2024 · 2 active · 14 ended

Active mandates

Bru Holding

Managing director · since 19 février 2019 · until 30 juin 2025 · 0720.851.639

Represented by Gary Neiman

Active

NAV Holding

Managing director · since 19 février 2019 · until 30 juin 2025 · 0720.851.936

Represented by Jason Neiman

Active

Ended mandates

BRU TEXTILES

Managing director · since 27 juin 2016 · until 15 juin 2022 · 0453.835.284

Represented by Gary Neiman

Ended

Gary Neiman

Director · since 29 juin 2015 · until 15 juin 2021

Ended

Gary Neiman

Director · since 29 juin 2015 · until 29 juin 2021

Ended

Jason Neiman

Director · since 29 juin 2015 · until 15 juin 2021

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates03/07/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN
PDF
Mandates06/12/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates16/12/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates04/01/2018
ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/09/2016
ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/09/2015
ONTSLAGEN - BENOEMINGEN
PDF
Mandates25/08/2014
ONTSLAGEN - BENOEMINGEN
PDF
Mandates11/03/2014
ONTSLAGEN - BENOEMINGEN
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 2024309,6 k €↑
2023
Annual accounts 2023240,9 k €↓
2022
Annual accounts 2022324,1 k €↑
2021
Annual accounts 2021270,7 k €↑
2019
Annual accounts 2019235,3 k €↑
2018
Annual accounts 2018107,3 k €↑
2017
Annual accounts 2017101,1 k €↑
2016
Annual accounts 201635,3 k €↑
2015
Annual accounts 201535 k €↑
2014
Annual accounts 201415,9 k €↓
2012
Annual accounts 201282,9 k €↓
2011
Annual accounts 201187,5 k €↓
2010
Annual accounts 201097,2 k €↑
2009
Annual accounts 200982,5 k €
02/12/1998
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

ZARO

Overview

What does ZARO do?

Trend over 14 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