ACTIVE

Z-GROUP

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Financial year 2025 · closed on 31/12/2025

Net result

-94,8 k €

-230.6% YoY

Gross margin

138,8 k €

+9.8% YoY

Equity

21,2 M €

-0.4% YoY

Workforce

0,0 ETP

What does Z-GROUP do?

Z-GROUP is a Public limited company incorporated in 1999. Its main activity is: Management consultancy activities. Its registered office is in Dilsen-Stokkem.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0466.595.041

Incorporation

23/07/1999

Legal form

Public limited company

Registered office

Meerkensstraat 61
3650 Dilsen-Stokkem · FlandreSee on map

Contributed capital

62 000,00 €

Latest accounts

31/12/2025

Average workforce

0,0 ETP

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 74142Specialised design activities 25110Manufacture of metal structures and parts of structures 25110Manufacture of metal structures and parts of structures

Joint committees (2)

Contacts

2 public details availableLog in to view

Signals

Solid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	138,8 k €	+9.8%	126,4 k €	-85.4%	864 k €	+20.8%	715 k €	+14.1%	626,7 k €	+139%	262,6 k €	-41.7%	450 k €	+261%	124,8 k €	-11.4%	140,9 k €	+173%	51,7 k €	+574%	-10,9 k €	-142%	25,8 k €	-87.3%	203,5 k €	-0.5%	204,5 k €	-43.7%	363,2 k €	+81.4%	200,2 k €	+3.0%	194,4 k €	+19.1%	163,2 k €	-32.0%	240,1 k €		–
EBITDA	101,6 k €	-27.6%	140,2 k €	-80.5%	719,5 k €	+58.2%	454,8 k €	+14.9%	395,7 k €	+4625%	-8,7 k €	-107%	117 k €	+326%	-51,8 k €	+36.3%	-81,2 k €	+56.1%	-184,9 k €	+31.4%	-269,4 k €	-131%	-116,6 k €	-261%	72,4 k €	-61.0%	185,9 k €	-39.6%	308,1 k €	+69.9%	181,3 k €	+11.2%	163 k €	+9.7%	148,6 k €	-32.6%	220,5 k €	-1.1%	222,9 k €
Operating result	-192,8 k €	-26.5%	-152,5 k €	-133%	457,9 k €	+116%	212,2 k €	+44.9%	146,5 k €	+257%	-93,1 k €	-592%	18,9 k €	+110%	-192 k €	+22.6%	-248 k €	+50.3%	-498,8 k €	+5.1%	-525,6 k €	-39.1%	-377,8 k €	-259%	-105,2 k €	-594%	21,3 k €	-88.2%	180 k €	+156%	70,4 k €	+35.5%	51,9 k €	+720%	-8,4 k €	+28.8%	-11,8 k €	-112%	100,3 k €
Net result	-94,8 k €	-231%	72,6 k €	-97.3%	2,7 M €	+1932%	134,1 k €	-35.4%	207,7 k €	+77.2%	117,2 k €	+101%	58,2 k €	-60.0%	145,6 k €	-87.1%	1,1 M €	+326%	265,5 k €	+151%	-524,4 k €	-134%	1,6 M €	+65.2%	938,4 k €	+173%	-1,3 M €	-108%	16,2 M €	+9804%	163,3 k €	+1.1%	161,5 k €	-53.5%	347,3 k €	-68.5%	1,1 M €	-46.9%	2,1 M €
Balance sheet
Equity	21,2 M €	-0.4%	21,2 M €	+0.3%	21,2 M €	+14.8%	18,4 M €	-19.1%	22,8 M €	+0.9%	22,6 M €	+0.5%	22,5 M €	+0.3%	22,4 M €	+0.7%	22,3 M €	+5.3%	21,2 M €	+1.3%	20,9 M €	-2.4%	21,4 M €	+39.4%	15,4 M €	-21.1%	19,5 M €	-6.2%	20,8 M €	+293%	5,3 M €	+3.2%	5,1 M €	+3.3%	5 M €	+7.5%	4,6 M €	+31.4%	3,5 M €
Total assets	27,6 M €	-2.5%	28,3 M €	+10.0%	25,7 M €	+10.5%	23,3 M €	-13.5%	26,9 M €	+5.6%	25,5 M €	-1.4%	25,9 M €	+11.6%	23,2 M €	+3.1%	22,5 M €	+3.1%	21,8 M €	+1.1%	21,5 M €	+0.3%	21,5 M €	+2.7%	20,9 M €	-13.6%	24,2 M €	+1.3%	23,9 M €	+268%	6,5 M €	-7.9%	7 M €	+17.3%	6 M €	+17.2%	5,1 M €	-41.2%	8,7 M €
Cash	729,1 k €	+239%	214,8 k €	-90.5%	2,3 M €	+662%	297,3 k €	-86.8%	2,2 M €	+340%	510,7 k €	+403%	101,5 k €	-52.0%	211,3 k €	+102%	104,5 k €	+8904%	1,2 k €	-99.9%	1,1 M €	-56.4%	2,5 M €	-52.4%	5,3 M €	-10.1%	5,8 M €	+977%	542,6 k €	+431%	102,3 k €	+69.9%	60,2 k €	-34.8%	92,4 k €	-90.6%	978,7 k €	+76.0%	556,1 k €
Debts	6,3 M €	-10.2%	7 M €	+56.0%	4,5 M €	-6.3%	4,8 M €	+17.9%	4,1 M €	+42.0%	2,9 M €	-14.5%	3,4 M €	+363%	725,7 k €	+324%	171 k €	-72.4%	619,4 k €	-4.7%	649,9 k €	+1128%	52,9 k €	-99.0%	5,5 M €	+17.3%	4,7 M €	+51.6%	3,1 M €	+159%	1,2 M €	-37.1%	1,9 M €	+83.8%	1 M €	+104%	509,1 k €	-90.1%	5,2 M €
Other
Workforce	0,0 ETP		0,0 ETP	-100%	2,5 ETP	-46.8%	4,7 ETP	+11.9%	4,2 ETP	+2.4%	4,1 ETP	+13.9%	3,6 ETP	+44.0%	2,5 ETP	-7.4%	2,7 ETP	-18.2%	3,3 ETP	+94.1%	1,7 ETP	+183%	0,6 ETP	+100%	0,3 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 31/12/2025 · 5 active · 26 ended

Active mandates

Matheus Zadnikar

Managing director · since 16 avril 2021 · until 06 avril 2027

Active

Mike Zadnikar

Director · since 16 avril 2021 · until 06 avril 2027

Active

Ramona Zadnikar

Director · since 16 avril 2021 · until 06 avril 2027

Active

Vicky Zadnikar

Director · since 16 avril 2021 · until 06 avril 2027

Active

Viviane Hanot

Director · since 16 avril 2021 · until 06 avril 2027

Active

Ended mandates

Matheus ZADNIKAR

Managing director · since 16 avril 2021 · until 04 juin 2027

Ended

Mike ZADNIKAR

Director · since 16 avril 2021 · until 04 juin 2027

Ended

Ramona Zadnikar

Director · since 16 avril 2021 · until 04 juin 2027

Ended

Vicky ZADNIKAR

Director · since 16 avril 2021 · until 04 juin 2027

Ended

At this address

Other companies at this address

Company	CBE no.
KREALAN● Bankrupt	0454.438.664
SMART OFFICES● Active	0453.432.636
SWECRO● Bankrupt	0433.719.563
Tano● Active	0650.718.362

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	30/07/2026	26/09/2025	27/08/2024	31/08/2023	31/08/2022	31/08/2021
General meeting	30/06/2026	06/06/2025	07/06/2024	02/06/2023	03/06/2022	04/06/2021
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

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	30/06/2026	30/07/2026	Dutch	PDF
Abridged model	31/12/2024	06/06/2025	26/09/2025	Dutch	PDF
Abridged model	31/12/2023	07/06/2024	27/08/2024	Dutch	PDF
Abridged model	31/12/2022	02/06/2023	31/08/2023	Dutch	PDF
Abridged model	31/12/2021	03/06/2022	31/08/2022	Dutch	PDF
Abridged model	31/12/2020	04/06/2021	31/08/2021	Dutch	PDF
Abridged model	31/12/2019	14/09/2020	27/10/2020	Dutch	PDF
Abridged model	31/12/2018	07/06/2019	25/06/2019	Dutch	PDF
Abridged model	31/12/2017	29/06/2018	03/07/2018	Dutch	PDF
Abridged model	31/12/2016	02/06/2017	07/08/2017	Dutch	PDF
Abridged model	31/12/2015	03/06/2016	30/06/2016	Dutch	PDF
Abridged model	31/12/2014	05/06/2015	30/10/2015	Dutch	PDF
Abridged model	31/12/2013	30/06/2014	30/10/2014	Dutch	PDF
Abridged model	31/12/2012	30/09/2013	06/03/2014	Dutch	PDF
Abridged model	31/12/2011	29/10/2012	31/10/2012	Dutch	PDF
Abridged model	31/12/2010	03/06/2011	10/08/2011	Dutch	PDF
Abridged model	31/12/2009	24/08/2010	21/09/2010	Dutch	PDF
Abridged model	31/12/2008	18/09/2009	14/10/2009	Dutch	PDF
Abridged model	31/12/2007	30/06/2008	18/08/2008	Dutch	PDF
Full model	31/12/2006	01/06/2007	28/06/2007	Dutch	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 31/12/2025 · 5 active · 26 ended

Active mandates

Matheus Zadnikar

Managing director · since 16 avril 2021 · until 06 avril 2027

Active

Mike Zadnikar

Director · since 16 avril 2021 · until 06 avril 2027

Active

Ramona Zadnikar

Director · since 16 avril 2021 · until 06 avril 2027

Active

Vicky Zadnikar

Director · since 16 avril 2021 · until 06 avril 2027

Active

Viviane Hanot

Director · since 16 avril 2021 · until 06 avril 2027

Active

Ended mandates

Matheus ZADNIKAR

Managing director · since 16 avril 2021 · until 04 juin 2027

Ended

Mike ZADNIKAR

Director · since 16 avril 2021 · until 04 juin 2027

Ended

Ramona Zadnikar

Director · since 16 avril 2021 · until 04 juin 2027

Ended

Vicky ZADNIKAR

Director · since 16 avril 2021 · until 04 juin 2027

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Registered office29/12/2025
MAATSCHAPPELIJKE ZETEL
PDF
Capital / shares15/07/2022
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN
PDF
Mandates10/05/2021
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DIVERSEN - ONTSLAGEN - BENOEMINGEN
PDF
Mandates14/08/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates18/10/2017
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring24/05/2017
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates02/03/2017
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring23/02/2017
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
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

2025
Annual accounts 2025-94,8 k €↓
2024
Annual accounts 202472,6 k €↓
2023
Annual accounts 20232,7 M €↑
2022
Annual accounts 2022134,1 k €↓
2021
Annual accounts 2021207,7 k €↑
2020
Annual accounts 2020117,2 k €↑
2019
Annual accounts 201958,2 k €↓
2018
Annual accounts 2018145,6 k €↓
2017
Annual accounts 20171,1 M €↑
2016
Annual accounts 2016265,5 k €↑
2015
Annual accounts 2015-524,4 k €↓
2014
Annual accounts 20141,6 M €↑
2013
Annual accounts 2013938,4 k €↑
2012
Annual accounts 2012-1,3 M €↓
2011
Annual accounts 201116,2 M €↑
2010
Annual accounts 2010163,3 k €↑
2009
Annual accounts 2009161,5 k €↓
2008
Annual accounts 2008347,3 k €↓
2007
Annual accounts 20071,1 M €↓
2006
Annual accounts 20062,1 M €
23/07/1999
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

Z-GROUP

Overview

What does Z-GROUP do?

Trend over 20 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