ACTIVE

ZEEV

Financial year 2025 · closed on 31/12/2025
Net result
4,1 M €
+84.4% YoY
Gross margin
7,8 k €
+109.0% YoY
Equity
76,3 M €
+1.8% YoY
Workforce
0,0 ETP

What does ZEEV do?

ZEEV is a Public limited company incorporated in 1999. Its main activity is: Other activities auxiliary to financial services, except insurance and pension funding. Its registered office is in Liège.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0468.660.250
Incorporation
23/12/1999
Legal form
Public limited company
Registered office
Avenue Blonden 31
4000 Liège · WallonieSee on map
Contributed capital
753 607,55 €
Latest accounts
31/12/2025
Average workforce
0,0 ETP
Joint committees (2)
  • 200
  • 218
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflow
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 19 financial years

2025202420232022202120192018201720162015201420132012201120102009200820072006
Income statement
Gross margin7,8 k €-87,6 k €-204,9 k €-158,2 k €-295,5 k €-2,1 M €-339,5 k €-488,6 k €-441 k €-599,7 k €-412,8 k €-412,7 k €-211,7 k €12,2 k €-17,1 k €-54,6 k €-12,4 k €-8,8 k €464,1 €
EBITDA-154,4 k €-268 k €-331,4 k €-312,3 k €-511 k €-2,2 M €-652,8 k €-622,9 k €-571,6 k €-685,9 k €-497,9 k €-506 k €-321,9 k €-91 k €-61 k €-63,4 k €-29,6 k €-31,9 k €-17,4 k €
Operating result-339,6 k €-453,4 k €-480,8 k €-471,1 k €-668 k €-2,3 M €-718,8 k €-687,7 k €-625,5 k €-736,6 k €-541,6 k €-548,5 k €-364,2 k €-135,1 k €-103,5 k €-96,3 k €-62,5 k €-64,2 k €-47,4 k €
Net result4,1 M €2,2 M €2,7 M €-1,6 M €-388,1 k €80,7 M €749,5 k €19 k €2 M €-248,1 k €94,3 k €986,3 k €-43,3 k €115,5 k €149,5 k €1,6 M €192,9 k €192,3 k €158,7 k €
Balance sheet
Equity76,3 M €74,9 M €79,1 M €76,4 M €78,2 M €80,6 M €6,6 M €5,8 M €6 M €4 M €4,2 M €4,5 M €3,5 M €3,6 M €3,5 M €3,3 M €1,7 M €1,5 M €1,3 M €
Total assets82 M €83,1 M €79,3 M €76,6 M €78,8 M €90,3 M €7,1 M €6,5 M €6,4 M €4,4 M €5,1 M €4,9 M €4,4 M €4,5 M €4,4 M €4,3 M €2,8 M €3,1 M €3,1 M €
Cash509,8 k €170,1 k €614,2 k €410,5 k €4,1 M €1,1 M €884,7 k €204,9 k €281,5 k €83,9 k €346,8 k €124 k €454,3 k €526,3 k €168 k €319,6 k €121,4 k €87,9 k €
Debts5,6 M €8,1 M €148,8 k €157,1 k €576,7 k €9,7 M €502,2 k €696,9 k €442,7 k €458,3 k €896,9 k €319,9 k €818,4 k €871,3 k €913,8 k €934,4 k €1,1 M €1,6 M €1,8 M €
Other
Workforce0,0 ETP0,0 ETP0,0 ETP0,2 ETP1,0 ETP1,0 ETP1,0 ETP1,0 ETP1,0 ETP1,0 ETP1,0 ETP1,0 ETP1,0 ETP1,0 ETP0,5 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 50 M€ and 100 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 27 ended

Active mandates

Guy WOLF

Director · since 11 février 2026 · until 10 février 2032

Active
Jeremy WOLF

Director · since 11 février 2026 · until 10 février 2032

Active
Dany WOLF

Director · since 29 décembre 2025 · until 28 décembre 2031

Active

Ended mandates

FLOW CONSULTING

Director · since 21 décembre 2020 · until 03 juin 2026 · 0645.598.643

Represented by WOLF JEREMY

Ended
FLOW CONSULTING

Director · since 21 décembre 2020 · until 07 septembre 2029 · 0645.598.643

Represented by WOLF JEREMY

Ended
FLOW CONSULTING

Director · since 21 décembre 2020 · 0645.598.643

Represented by WOLF Jeremy

Ended
FLOW CONSULTING

Director · since 21 décembre 2020 · until 07 septembre 2029 · 0645.598.643

Represented by WOLF JEREMY

Ended
At this address

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0535.919.654
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0774.295.570
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date25/06/202620/06/202512/06/202410/07/202317/06/202226/08/2021
General meeting03/06/202604/06/202505/06/202407/06/202301/06/202202/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

21 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202503/06/202625/06/2026FrenchPDF
Abridged model31/12/202404/06/202520/06/2025FrenchPDF
Abridged model31/12/202305/06/202412/06/2024FrenchPDF
Abridged model31/12/202207/06/202310/07/2023FrenchPDF
Abridged model31/12/202101/06/202217/06/2022FrenchPDF
Abridged model31/12/202002/06/202126/08/2021FrenchPDF
Abridged modelCorrection31/12/201929/06/202002/09/2020FrenchPDF
Abridged model31/12/201929/06/202021/08/2020FrenchPDF
Abridged model31/12/201805/06/201930/08/2019FrenchPDF
Abridged model31/12/201706/06/201822/08/2018FrenchPDF
Abridged model31/12/201607/06/201731/08/2017FrenchPDF
Abridged model31/12/201501/06/201630/08/2016FrenchPDF
Abridged model31/12/201403/06/201528/08/2015FrenchPDF
Abridged model31/12/201304/06/201429/08/2014FrenchPDF
Abridged model31/12/201205/06/201324/08/2013FrenchPDF
Abridged model31/12/201106/06/201223/08/2012FrenchPDF
Abridged model31/12/201001/06/201130/08/2011FrenchPDF
Abridged model31/12/200902/06/201025/08/2010FrenchPDF
Abridged model31/12/200803/06/200925/08/2009FrenchPDF
Abridged model31/12/200704/06/200829/08/2008FrenchPDF
Abridged model31/12/200606/06/200729/08/2007FrenchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 50 M€ and 100 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 · 27 ended

Active mandates

Guy WOLF

Director · since 11 février 2026 · until 10 février 2032

Active
Jeremy WOLF

Director · since 11 février 2026 · until 10 février 2032

Active
Dany WOLF

Director · since 29 décembre 2025 · until 28 décembre 2031

Active

Ended mandates

FLOW CONSULTING

Director · since 21 décembre 2020 · until 03 juin 2026 · 0645.598.643

Represented by WOLF JEREMY

Ended
FLOW CONSULTING

Director · since 21 décembre 2020 · until 07 septembre 2029 · 0645.598.643

Represented by WOLF JEREMY

Ended
FLOW CONSULTING

Director · since 21 décembre 2020 · 0645.598.643

Represented by WOLF Jeremy

Ended
FLOW CONSULTING

Director · since 21 décembre 2020 · until 07 septembre 2029 · 0645.598.643

Represented by WOLF JEREMY

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates20/02/2026
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - DIVERS - DEMISSIONS, NOMINATIONS
    PDF
  • Mandates09/02/2026
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates28/09/2023
    OBJET - DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …)
    PDF
  • Mandates22/01/2021
    SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
    PDF
  • Registered office07/12/2011
    SIEGE SOCIAL
    PDF
  • Other09/07/2010
    TRANSFORMATION
    PDF
  • Mandates03/10/2007
    DEMISSIONS, NOMINATIONS
    PDF
  • Restructuring27/10/2005
    RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...) - CAPITAL, ACTIONS - ASSEMBLEE GENERALE - 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

Timeline

  1. 11/02/2026
    nominationWOLF Jeremy Bernie — administrateur
  2. 11/02/2026
    nominationWOLF Guy Henri — administrateur
  3. 2025
    Annual accounts 20254,1 M €
  4. 29/12/2025
    reconductionWOLF Dany — administrateur
  5. 2024
    Annual accounts 20242,2 M €
  6. 2023
    Annual accounts 20232,7 M €
  7. 2022
    Annual accounts 2022-1,6 M €
  8. 2021
    Annual accounts 2021-388,1 k €
  9. 2019
    Annual accounts 201980,7 M €
  10. 2018
    Annual accounts 2018749,5 k €
  11. 2017
    Annual accounts 201719 k €
  12. 2016
    Annual accounts 20162 M €
  13. 2015
    Annual accounts 2015-248,1 k €
  14. 2014
    Annual accounts 201494,3 k €
  15. 2013
    Annual accounts 2013986,3 k €
  16. 2012
    Annual accounts 2012-43,3 k €
  17. 2011
    Annual accounts 2011115,5 k €
  18. 2010
    Annual accounts 2010149,5 k €
  19. 2009
    Annual accounts 20091,6 M €
  20. 2008
    Annual accounts 2008192,9 k €
  21. 2007
    Annual accounts 2007192,3 k €
  22. 2006
    Annual accounts 2006158,7 k €
  23. 23/12/1999
    IncorporationPublic limited company