ACTIVE

CZAR.BE

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Financial year 2025 · closed on 31/12/2025

Net result

9,1 k €

+212.8% YoY

Gross margin

537,1 k €

+2.0% YoY

Equity

388 k €

+2.4% YoY

Workforce

6,0 ETP

0.0% YoY

What does CZAR.BE do?

CZAR.BE is a Private limited company incorporated in 1999. Its main activity is: Motion picture, video and television programme production activities. Its registered office is in Molenbeek-Saint-Jean. It employs on average 6,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0467.733.406

Incorporation

30/11/1999

Legal form

Private limited company

Registered office

Quai des Charbonnages 30
1080 Molenbeek-Saint-Jean · BruxellesSee on map

Contributed capital

29 747,22 €

Latest accounts

31/12/2025

Average workforce

6,0 ETP

Activities (NACE)

59113Motion picture, video and television programme production activities· main 59113Motion picture, video and television programme production activities 73110Advertising agencies 73110Advertising agencies 74401Other professional, scientific and technical activities 92113Gambling and betting activities+2

Joint committees (3)

227
2270
30301

Signals

ProfitablePositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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Recommended credit limit

✦ 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	537,1 k €	+2.0%	526,4 k €	+11.4%	472,4 k €	-3.9%	491,6 k €	-38.6%	800,2 k €	+76.0%	454,6 k €	-19.2%	562,8 k €	-12.3%	641,7 k €	+8.0%	594,4 k €	-2.6%	610 k €	-22.5%	786,9 k €	+51.4%	519,6 k €	-23.5%	679,4 k €	+8.6%	625,7 k €	-5.2%	660,3 k €	+15.2%	573,3 k €	+19.0%	482 k €	-41.2%	820 k €	-4.2%	855,6 k €	-11.5%	966,9 k €
EBITDA	66,7 k €	+39.6%	47,8 k €	+2123%	-2,4 k €	-107%	35,5 k €	-88.3%	305 k €	+276%	81,1 k €	-23.0%	105,3 k €	-64.6%	297,4 k €	+127%	131,1 k €	-7.1%	141,1 k €	-51.6%	291,4 k €	+172%	107,2 k €	-22.2%	137,8 k €	-68.4%	435,5 k €	+9.5%	397,5 k €	+2031%	18,7 k €	-92.0%	232,6 k €	-46.9%	438,4 k €	+37.5%	318,8 k €	-43.9%	568,7 k €
Operating result	29,3 k €	+91.1%	15,3 k €	+170%	-21,9 k €	-282%	12 k €	-95.7%	281,8 k €	+1802%	-16,6 k €	-292%	8,6 k €	-89.9%	85,1 k €	+123%	38,2 k €	-31.2%	55,6 k €	-68.6%	177,1 k €	+660%	23,3 k €	-27.0%	31,9 k €	-89.7%	308,1 k €	+8.2%	284,7 k €	+450%	-81,3 k €	-184%	96,8 k €	-73.4%	363,3 k €	+58.9%	228,6 k €	-54.9%	507,3 k €
Net result	9,1 k €	+213%	2,9 k €	+112%	-25,3 k €	-1071%	-2,2 k €	-101%	207,6 k €	+2546%	-8,5 k €	+22.5%	-10,9 k €	-116%	68,3 k €	+116%	31,7 k €	+9.1%	29 k €	-76.1%	121,6 k €	+301%	30,3 k €	-19.9%	37,9 k €	-81.2%	201,4 k €	+16.4%	173 k €	+251%	-114,5 k €	-330%	49,7 k €	-79.6%	244,1 k €	+0.1%	244 k €	-26.3%	331,1 k €
Balance sheet
Equity	388 k €	+2.4%	378,9 k €	+0.8%	376 k €	-6.3%	401,3 k €	-0.5%	403,5 k €	+27.7%	315,9 k €	-2.6%	324,4 k €	-3.3%	335,3 k €	-16.2%	400,3 k €	+4.8%	381,8 k €	-32.5%	566 k €	+23.7%	457,6 k €	-22.5%	590,5 k €	-11.3%	665,9 k €	+39.4%	477,7 k €	+50.2%	318 k €	-28.2%	442,7 k €	+59.9%	276,9 k €	+746%	32,7 k €	-61.2%	84,4 k €
Total assets	2,8 M €	+148%	1,1 M €	-16.2%	1,3 M €	-3.0%	1,4 M €	-0.0%	1,4 M €	+8.0%	1,3 M €	+13.1%	1,1 M €	-25.6%	1,5 M €	-34.0%	2,3 M €	+85.4%	1,2 M €	-32.5%	1,8 M €	+5.2%	1,7 M €	-17.3%	2,1 M €	-7.7%	2,3 M €	-13.0%	2,6 M €	-15.4%	3,1 M €	+63.8%	1,9 M €	-25.3%	2,5 M €	+65.9%	1,5 M €	-49.2%	3 M €
Cash	209,1 k €	+85.9%	112,5 k €	-77.9%	507,8 k €	-12.0%	576,9 k €	+221%	179,9 k €	-41.3%	306,4 k €	-18.5%	376 k €	+42.7%	263,5 k €	-13.3%	304 k €	-36.7%	480,5 k €	-23.5%	628,1 k €	+1087%	52,9 k €	-56.4%	121,3 k €	+121%	54,9 k €	-13.4%	63,4 k €	-66.1%	186,9 k €	+79.1%	104,4 k €	-22.0%	133,9 k €	-45.5%	245,4 k €	-57.8%	581,2 k €
Debts	2,2 M €	+297%	550,1 k €	-33.0%	821,3 k €	-1.9%	837,4 k €	-12.9%	961,7 k €	+1.5%	947,8 k €	+19.6%	792,5 k €	-32.0%	1,2 M €	-30.3%	1,7 M €	+131%	724,5 k €	-35.5%	1,1 M €	-1.0%	1,1 M €	-16.3%	1,4 M €	-6.4%	1,4 M €	-18.0%	1,8 M €	-24.6%	2,3 M €	+70.5%	1,4 M €	-38.5%	2,2 M €	+50.9%	1,5 M €	-48.8%	2,9 M €
Other
Workforce	6,0 ETP	0.0%	6,0 ETP	-9.1%	6,6 ETP	-15.4%	7,8 ETP	+11.4%	7,0 ETP	-9.1%	7,7 ETP	+5.5%	7,3 ETP	+5.8%	6,9 ETP	-1.4%	7,0 ETP	-6.7%	7,5 ETP	-6.3%	8,0 ETP	+21.2%	6,6 ETP	+13.8%	5,8 ETP	+28.9%	4,5 ETP	+12.5%	4,0 ETP	+33.3%	3,0 ETP	-21.1%	3,8 ETP	-44.9%	6,9 ETP	-29.6%	9,8 ETP	+30.7%	7,5 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 15 ended

Active mandates

Eurydice Gysel

Director · since 15 mai 2019

Active

Peter Vanhoutteghem

Director · since 18 août 2010

Active

Koen Mortier

Director · since 25 août 2009

Active

Ended mandates

EURYDICE GYSEL

Manager · since 15 mai 2019

Ended

LIEVEN VAN BAELEN

Manager · since 17 août 2016

Ended

PETER VANHOUTTEGHEM

Manager · since 17 août 2016

Ended

LIEVEN BAELEN

Manager · since 18 août 2010

Ended

At this address

Other companies at this address

Company	CBE no.
A PRIOR● Active	0474.120.261
btw-eenheid RAZC● Active	0684.978.069
Creative Workers - Creatieve Werkers● Active	0446.917.602
CZAR FILM &TV● Active	0846.783.670
INTERACTIVE MEDIA ART LABORATORY● Active	0472.300.621
MATRIX ART PROJECT BRUSSELS● Active	0475.623.662
MAX● Active	0773.523.134
Tape● Active	0760.689.539
TV ORG2- BBS● Active	0698.809.477

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	09/07/2026	23/06/2025	03/07/2024	30/08/2023	30/06/2022	29/07/2021
General meeting	30/06/2026	12/06/2025	21/06/2024	23/06/2023	20/05/2022	30/06/2021
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	09/07/2026	Dutch	PDF
Abridged model	31/12/2024	12/06/2025	23/06/2025	Dutch	PDF
Abridged model	31/12/2023	21/06/2024	03/07/2024	Dutch	PDF
Abridged model	31/12/2022	23/06/2023	30/08/2023	Dutch	PDF
Abridged model	31/12/2021	20/05/2022	30/06/2022	Dutch	PDF
Abridged model	31/12/2020	30/06/2021	29/07/2021	Dutch	PDF
Abridged model	31/12/2019	24/06/2020	17/07/2020	Dutch	PDF
Abridged model	31/12/2018	14/06/2019	12/07/2019	Dutch	PDF
Abridged model	31/12/2017	15/06/2018	02/07/2018	Dutch	PDF
Abridged model	31/12/2016	30/06/2017	24/07/2017	Dutch	PDF
Abridged model	31/12/2015	30/06/2016	25/07/2016	Dutch	PDF
Abridged model	31/12/2014	19/06/2015	22/06/2015	Dutch	PDF
Abridged model	31/12/2013	30/06/2014	24/07/2014	Dutch	PDF
Abridged model	31/12/2012	21/06/2013	18/07/2013	Dutch	PDF
Abridged model	31/12/2011	15/06/2012	16/08/2012	Dutch	PDF
Abridged model	31/12/2010	22/06/2011	20/07/2011	Dutch	PDF
Abridged model	31/12/2009	18/06/2010	13/07/2010	Dutch	PDF
Abridged model	31/12/2008	19/06/2009	22/06/2009	Dutch	PDF
Abridged model	31/12/2007	20/06/2008	24/06/2008	Dutch	PDF
Abridged 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 500 k€ and 1 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 31/12/2025 · 3 active · 15 ended

Active mandates

Eurydice Gysel

Director · since 15 mai 2019

Active

Peter Vanhoutteghem

Director · since 18 août 2010

Active

Koen Mortier

Director · since 25 août 2009

Active

Ended mandates

EURYDICE GYSEL

Manager · since 15 mai 2019

Ended

LIEVEN VAN BAELEN

Manager · since 17 août 2016

Ended

PETER VANHOUTTEGHEM

Manager · since 17 août 2016

Ended

LIEVEN BAELEN

Manager · since 18 août 2010

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates19/12/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates19/12/2023
WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Mandates23/08/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates19/07/2017
ONTSLAGEN - BENOEMINGEN
PDF
Mandates25/05/2011
RUBRIEK EINDE (STOPZETTING, INTREKKING STOPZETTING, NIETIGHEID, GER. AK., GERECHTELIJKE REORGANISATIE, ENZ... - ONTSLAGEN - BENOEMINGEN
PDF
Mandates06/09/2010
ONTSLAGEN - BENOEMINGEN
PDF
Mandates28/01/2010
ONTSLAGEN - BENOEMINGEN
PDF
Mandates11/09/2009
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

2025
Annual accounts 20259,1 k €↑
2024
Annual accounts 20242,9 k €↑
2023
Annual accounts 2023-25,3 k €↓
2022
Annual accounts 2022-2,2 k €↓
2021
Annual accounts 2021207,6 k €↑
2020
Annual accounts 2020-8,5 k €↑
2019
Annual accounts 2019-10,9 k €↓
2018
Annual accounts 201868,3 k €↑
2017
Annual accounts 201731,7 k €↑
2016
Annual accounts 201629 k €↓
2015
Annual accounts 2015121,6 k €↑
2014
Annual accounts 201430,3 k €↓
2013
Annual accounts 201337,9 k €↓
2012
Annual accounts 2012201,4 k €↑
2011
Annual accounts 2011173 k €↑
2010
Annual accounts 2010-114,5 k €↓
2009
Annual accounts 200949,7 k €↓
2008
Annual accounts 2008244,1 k €↑
2007
Annual accounts 2007244 k €↓
2006
Annual accounts 2006331,1 k €
30/11/1999
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

CZAR.BE

Overview

What does CZAR.BE 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