ACTIVE

ZOULA

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Financial year 2025 · closed on 31/12/2025

Net result

121,6 k €

-10.3% YoY

Gross margin

384,4 k €

+0.8% YoY

Equity

585,9 k €

-17.6% YoY

Workforce

4,5 ETP

+7.1% YoY

What does ZOULA do?

ZOULA is a Private limited company incorporated in 2000. Its main activity is: Retail sale of medical and orthopaedic goods in specialised stores. Its registered office is in Huy. It employs on average 4,5 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0472.956.261

Incorporation

06/10/2000

Legal form

Private limited company

Registered office

Rue Ferrer 10
4500 Huy · WallonieSee on map

Contributed capital

18 600,00 €

Latest accounts

31/12/2025

Average workforce

4,5 ETP

Activities (NACE)

47742Retail sale of medical and orthopaedic goods in specialised stores· main 47782Other retail sale of new goods in specialised stores 71112Architectural activities 71112Architectural activities

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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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	384,4 k €	+0.8%	381,4 k €	+18.0%	323,3 k €	+27.2%	254,2 k €	-24.6%	337,1 k €	+39.1%	242,3 k €	-1.6%	246,3 k €	+29.1%	190,8 k €	+3.9%	183,6 k €	+29.4%	141,9 k €	+17.5%	120,8 k €	+6.6%	113,2 k €	-4.3%	118,3 k €	+19.6%	98,9 k €	+2.6%	96,3 k €	+18.9%	81 k €	+72.6%	46,9 k €	+1262%	3,4 k €	-43.9%	6,1 k €	+13.7%	5,4 k €
EBITDA	196,5 k €	-8.9%	215,7 k €	+23.1%	175,3 k €	+30.2%	134,6 k €	-39.2%	221,4 k €	+32.5%	167 k €	+7.5%	155,4 k €	+27.9%	121,5 k €	+13.9%	106,7 k €	+54.7%	69 k €	+28.5%	53,6 k €	+2.9%	52,1 k €	-11.7%	59,1 k €	+25.9%	46,9 k €	-1.4%	47,6 k €	+53.5%	31 k €	+21.1%	25,6 k €	+737%	3,1 k €	-46.5%	5,7 k €	+31.8%	4,3 k €
Operating result	167,3 k €	-10.1%	186,1 k €	+23.9%	150,2 k €	+30.2%	115,3 k €	-43.1%	202,8 k €	+41.7%	143,1 k €	+7.2%	133,6 k €	+40.6%	95 k €	+18.8%	79,9 k €	+49.5%	53,5 k €	+16.7%	45,8 k €	-7.5%	49,5 k €	+44.4%	34,3 k €	+41.1%	24,3 k €	+72.9%	14,1 k €	+103%	6,9 k €	+0.6%	6,9 k €	+248%	2 k €	-61.0%	5,1 k €	+34.9%	3,8 k €
Net result	121,6 k €	-10.3%	135,5 k €	+26.1%	107,5 k €	+24.7%	86,2 k €	-40.5%	145 k €	+41.4%	102,5 k €	+10.7%	92,6 k €	+36.7%	67,8 k €	+27.8%	53 k €	+54.4%	34,4 k €	+12.5%	30,5 k €	-9.1%	33,6 k €	+70.6%	19,7 k €	+140%	8,2 k €	+296%	2,1 k €	+148%	-4,3 k €	-474%	-754,1 €	-133%	2,3 k €	-47.2%	4,3 k €	+32.8%	3,2 k €
Balance sheet
Equity	585,9 k €	-17.6%	711,3 k €	+6.5%	667,8 k €	+7.1%	623,3 k €	+7.3%	580,8 k €	+23.6%	469,8 k €	+27.9%	367,3 k €	+33.7%	274,7 k €	+31.5%	208,9 k €	+34.0%	155,9 k €	+28.3%	121,5 k €	+33.6%	91 k €	+58.6%	57,3 k €	+20.4%	47,6 k €	+20.8%	39,4 k €	+5.6%	37,4 k €	-10.4%	41,7 k €	+14.5%	36,4 k €	+6.6%	34,1 k €	+14.3%	29,9 k €
Total assets	688,1 k €	-25.8%	927,5 k €	+6.0%	875 k €	+5.1%	832,7 k €	+4.3%	797,9 k €	+22.4%	651,9 k €	+23.8%	526,7 k €	+10.6%	476,1 k €	+17.1%	406,5 k €	+50.9%	269,4 k €	+58.1%	170,4 k €	-9.4%	188,1 k €	+6.6%	176,4 k €	-1.9%	179,8 k €	-4.8%	188,9 k €	-8.6%	206,6 k €	-10.0%	229,5 k €	+469%	40,3 k €	+1.1%	39,9 k €	+14.9%	34,7 k €
Cash	209 k €	-55.2%	466,7 k €	+1.6%	459,6 k €	+0.6%	456,9 k €	-4.3%	477,3 k €	+44.9%	329,5 k €	+62.4%	202,9 k €	+69.1%	120 k €	+86.1%	64,5 k €	-15.0%	75,9 k €	+54.0%	49,3 k €	-17.8%	60 k €	-1.4%	60,8 k €	+50.6%	40,4 k €	+19.6%	33,8 k €	+116%	15,7 k €	-63.1%	42,4 k €		–		35,9 k €	+19.2%	30,1 k €
Debts	102,2 k €	-52.7%	216,1 k €	+4.3%	207,2 k €	-1.0%	209,3 k €	-3.6%	217 k €	+19.3%	182 k €	+14.3%	159,3 k €	-20.8%	201 k €	+1.8%	197,4 k €	+74.0%	113,5 k €	+132%	48,9 k €	-49.7%	97,1 k €	-18.4%	119 k €	-9.9%	132,2 k €	-11.5%	149,4 k €	-11.7%	169,2 k €	-9.9%	187,8 k €	+4686%	3,9 k €	-31.6%	5,7 k €	+18.0%	4,9 k €
Other
Workforce	4,5 ETP	+7.1%	4,2 ETP		–		–		3,1 ETP		–		–		–		–		–		1,6 ETP	+6.7%	1,5 ETP	0.0%	1,5 ETP	+7.1%	1,4 ETP	+16.7%	1,2 ETP	0.0%	1,2 ETP	+140%	0,5 ETP		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 2 ended

Active mandates

Delphine BRUYERE

Director

Active

Ended mandates

Delphine BRUYERE

Manager · since 06 octobre 2000

Ended

Delphine BRUYERE

Manager

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Micro model	Micro model	Abridged model	Micro 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	08/07/2026	25/08/2025	23/08/2024	29/08/2023	26/08/2022	29/11/2021
General meeting	30/06/2026	30/06/2025	09/04/2024	11/04/2023	12/04/2022	13/04/2021
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	08/07/2026	French	PDF
Abridged model	31/12/2024	30/06/2025	25/08/2025	French	PDF
Micro model	31/12/2023	09/04/2024	23/08/2024	French	PDF
Micro model	31/12/2022	11/04/2023	29/08/2023	French	PDF
Abridged model	31/12/2021	12/04/2022	26/08/2022	French	PDF
Micro model	31/12/2020	13/04/2021	29/11/2021	French	PDF
Micro model	31/12/2019	14/04/2020	23/10/2020	French	PDF
Micro model	31/12/2018	09/04/2019	29/08/2019	French	PDF
Micro model	31/12/2017	10/04/2018	17/08/2018	French	PDF
Micro model	31/12/2016	11/04/2017	25/07/2017	French	PDF
Abridged model	31/12/2015	12/04/2016	24/06/2016	French	PDF
Abridged model	31/12/2014	14/04/2015	31/08/2015	French	PDF
Abridged model	31/12/2013	10/04/2014	29/08/2014	French	PDF
Abridged model	31/12/2012	09/04/2013	27/08/2013	French	PDF
Abridged model	31/12/2011	10/04/2012	28/08/2012	French	PDF
Abridged model	31/12/2010	12/04/2011	01/07/2011	French	PDF
Abridged model	31/12/2009	07/06/2010	19/08/2010	French	PDF
Abridged model	31/12/2008	18/05/2009	30/07/2009	French	PDF
Abridged model	31/12/2007	19/05/2008	30/07/2008	French	PDF
Abridged model	31/12/2006	21/05/2007	29/08/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 31/12/2025 · 1 active · 2 ended

Active mandates

Delphine BRUYERE

Director

Active

Ended mandates

Delphine BRUYERE

Manager · since 06 octobre 2000

Ended

Delphine BRUYERE

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates20/06/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
PDF
Restructuring28/05/2010
CAPITAL, ACTIONS - RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Restructuring09/03/2010
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...) - DIVERS
PDF
Registered office26/06/2009
SIEGE SOCIAL - OBJET - 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

2025
Annual accounts 2025121,6 k €↓
2024
Annual accounts 2024135,5 k €↑
2023
Annual accounts 2023107,5 k €↑
2022
Annual accounts 202286,2 k €↓
2021
Annual accounts 2021145 k €↑
2020
Annual accounts 2020102,5 k €↑
2019
Annual accounts 201992,6 k €↑
2018
Annual accounts 201867,8 k €↑
2017
Annual accounts 201753 k €↑
2016
Annual accounts 201634,4 k €↑
2015
Annual accounts 201530,5 k €↓
2014
Annual accounts 201433,6 k €↑
2013
Annual accounts 201319,7 k €↑
2012
Annual accounts 20128,2 k €↑
2011
Annual accounts 20112,1 k €↑
2010
Annual accounts 2010-4,3 k €↓
2009
Annual accounts 2009-754,1 €↓
2008
Annual accounts 20082,3 k €↓
2007
Annual accounts 20074,3 k €↑
2006
Annual accounts 20063,2 k €
06/10/2000
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

ZOULA

Overview

What does ZOULA do?

Trend over 20 financial years

Indicative valuation

Board of directors

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