ZF SERVICES BELGIUM
0477.985.613 · rovalta.com · 24/09/2026
ACTIVE
ZF SERVICES BELGIUM
Financial year 2025 · closed on 31/12/2025
Net result
667,3 k €
-33.9% YoY
Revenue
7,1 M €
Equity
4,1 M €
+19.7% YoY
Workforce
10,9 ETP
-4.4% YoY
Overview
What does ZF SERVICES BELGIUM do?
ZF SERVICES BELGIUM is a Public limited company incorporated in 2002. Its registered office is in Dilbeek. It employs on average 10,9 ETP workers (FTE).
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0477.985.613
Incorporation
15/07/2002
Legal form
Public limited company
Registered office
't Hofveld 6 B box 1-3
1702 Dilbeek · FlandreSee on map
1702 Dilbeek · FlandreSee on map
Contributed capital
3 025 000,00 €
Latest accounts
31/12/2025
Average workforce
10,9 ETP
Joint committees (5)
- 14904
- 200
- 20000
- 200000
- 218
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA
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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 | |||||||||||||||||||||||||||||||||||||||
| Revenue | 7,1 M € | – | – | – | – | – | – | – | 7,4 M € | -13.8% | 8,6 M € | +4.3% | 8,2 M € | -6.9% | 8,8 M € | +3.7% | 8,5 M € | -3.0% | 8,8 M € | – | – | – | – | – | – | ||||||||||||||
| EBITDA | 401,9 k € | -70.2% | 1,3 M € | +370% | 287,5 k € | +320% | -130,5 k € | -118% | 728 k € | +68.9% | 430,9 k € | +76.5% | 244,1 k € | +284% | -132,8 k € | -1346% | 10,7 k € | -97.6% | 448,4 k € | +77.5% | 252,7 k € | +164% | -393,4 k € | +68.0% | -1,2 M € | -558% | 268,3 k € | +31.7% | 203,7 k € | -4.9% | 214,2 k € | +63.3% | 131,1 k € | -65.9% | 384,7 k € | +390% | -132,5 k € | -124% | 546,1 k € |
| Operating result | 344 k € | -68.4% | 1,1 M € | +316% | 261,3 k € | +154% | -484,4 k € | -181% | 598,3 k € | +105% | 292,1 k € | +79.0% | 163,2 k € | +124% | -670,6 k € | -297% | -168,9 k € | -164% | 262,3 k € | +99.7% | 131,4 k € | +150% | -264,4 k € | +81.7% | -1,4 M € | -1002% | 160,2 k € | +61.2% | 99,4 k € | +322% | -44,8 k € | -508% | 11 k € | -95.6% | 248,9 k € | +181% | -308,8 k € | -173% | 421,3 k € |
| Net result | 667,3 k € | -33.9% | 1 M € | +246% | 292 k € | +160% | -490 k € | -186% | 569,8 k € | +127% | 250,7 k € | +160% | 96,6 k € | +113% | -730,5 k € | -210% | -235,9 k € | -243% | 165,5 k € | -61.8% | 433 k € | +189% | -488,4 k € | +67.4% | -1,5 M € | -3313% | 46,6 k € | +335% | 10,7 k € | -96.5% | 305,3 k € | +540% | -69,5 k € | -149% | 142,1 k € | +143% | -328,4 k € | -260% | 205,5 k € |
| Balance sheet | |||||||||||||||||||||||||||||||||||||||
| Equity | 4,1 M € | +19.7% | 3,4 M € | +42.5% | 2,4 M € | +14.0% | 2,1 M € | -19.0% | 2,6 M € | +28.4% | 2 M € | +14.3% | 1,8 M € | +1000% | 159,6 k € | -82.1% | 890,1 k € | -20.9% | 1,1 M € | +17.2% | 960,5 k € | +82.1% | 527,6 k € | +237% | -384 k € | -134% | 1,1 M € | +4.4% | 1,1 M € | 0.0% | 1,1 M € | +40.1% | 761,4 k € | -8.4% | 830,9 k € | +20.6% | 688,8 k € | -32.3% | 1 M € |
| Total assets | 5,7 M € | +20.6% | 4,7 M € | +1.3% | 4,6 M € | +7.6% | 4,3 M € | +4.1% | 4,1 M € | +9.1% | 3,8 M € | -7.5% | 4,1 M € | +3.4% | 4 M € | -14.7% | 4,7 M € | -0.7% | 4,7 M € | -2.4% | 4,8 M € | -5.6% | 5,1 M € | +10.2% | 4,6 M € | -5.7% | 4,9 M € | +2.2% | 4,8 M € | +18.3% | 4,1 M € | +17.3% | 3,5 M € | +5.0% | 3,3 M € | +9.0% | 3 M € | -44.7% | 5,5 M € |
| Cash | – | 0 € | -100% | 1,3 k € | +350% | 290,1 € | -50.5% | 586,6 € | -60.1% | 1,5 k € | -97.6% | 60,7 k € | +302% | 15,1 k € | +64.8% | 9,2 k € | +163% | 3,5 k € | +212% | 1,1 k € | -42.5% | 1,9 k € | -99.7% | 712,8 k € | +77.6% | 401,4 k € | -24.2% | 529,4 k € | +162% | 202,2 k € | -49.7% | 401,9 k € | +24.5% | 322,9 k € | +2.2% | 316 k € | +10.6% | 285,7 k € | |
| Debts | 1,5 M € | +24.3% | 1,2 M € | -36.9% | 2 M € | -7.9% | 2,1 M € | +37.4% | 1,6 M € | -12.5% | 1,8 M € | -24.3% | 2,3 M € | -37.9% | 3,8 M € | +0.4% | 3,8 M € | +5.6% | 3,6 M € | -7.3% | 3,8 M € | -15.7% | 4,6 M € | -8.5% | 5 M € | +33.3% | 3,7 M € | +2.7% | 3,6 M € | +27.4% | 2,9 M € | +10.4% | 2,6 M € | +9.3% | 2,4 M € | +7.8% | 2,2 M € | -48.8% | 4,3 M € |
| Other | |||||||||||||||||||||||||||||||||||||||
| Workforce | 10,9 ETP | -4.4% | 11,4 ETP | -5.8% | 12,1 ETP | -53.5% | 26,0 ETP | -4.4% | 27,2 ETP | -8.1% | 29,6 ETP | -6.3% | 31,6 ETP | -3.1% | 32,6 ETP | -3.8% | 33,9 ETP | +2.4% | 33,1 ETP | -10.5% | 37,0 ETP | -5.9% | 39,3 ETP | -4.4% | 41,1 ETP | +12.3% | 36,6 ETP | +2.2% | 35,8 ETP | +7.2% | 33,4 ETP | -1.2% | 33,8 ETP | +1.2% | 33,4 ETP | +15.2% | 29,0 ETP | +1.4% | 28,6 ETP |
Estimate
Indicative valuation
As an indication, this company is worth
between 2,5 M€ and 5 M€
See the valuationGovernance
Board of directors
Seen on filing of 31/12/2025 · 2 active · 22 ended
Active mandates
Madhavan Kumar
ActiveWim Deckx
ActiveEnded mandates
Financials
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 | 10/08/2026 | 29/08/2025 | 30/09/2024 | 14/11/2023 | 23/09/2022 | 08/06/2021 |
| General meeting | 30/06/2026 | 14/08/2025 | 13/09/2024 | 16/10/2023 | 06/07/2022 | 28/04/2021 |
| 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
Looking for more information about this company?
Try for 7 daysFilings
Annual accounts filings
20 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Abridged model | 31/12/2025 | 30/06/2026 | 10/08/2026 | Dutch | |
| Abridged model | 31/12/2024 | 14/08/2025 | 29/08/2025 | Dutch | |
| Abridged model | 31/12/2023 | 13/09/2024 | 30/09/2024 | Dutch | |
| Abridged model | 31/12/2022 | 16/10/2023 | 14/11/2023 | Dutch | |
| Abridged model | 31/12/2021 | 06/07/2022 | 23/09/2022 | Dutch | |
| Abridged model | 31/12/2020 | 28/04/2021 | 08/06/2021 | Dutch | |
| Abridged model | 31/12/2019 | 15/07/2020 | 25/08/2020 | Dutch | |
| Abridged model | 31/12/2018 | 15/07/2019 | 23/07/2019 | French | |
| Full model | 31/12/2017 | 24/04/2018 | 15/05/2018 | French | |
| Full model | 31/12/2016 | 18/04/2017 | 16/05/2017 | French | |
| Full model | 31/12/2015 | 18/04/2016 | 02/06/2016 | French | |
| Full model | 31/12/2014 | 20/04/2015 | 15/06/2015 | French | |
| Full model | 31/12/2013 | 22/04/2014 | 26/09/2014 | French | |
| Full model | 31/12/2012 | 15/04/2013 | 30/08/2013 | French | |
| Abridged model | 31/12/2011 | 16/04/2012 | 28/08/2012 | French | |
| Abridged model | 31/12/2010 | 18/04/2011 | 31/08/2011 | French | |
| Abridged model | 31/12/2009 | 19/04/2010 | 30/08/2010 | French | |
| Abridged model | 31/12/2008 | 20/04/2009 | 31/08/2009 | French | |
| Abridged model | 31/12/2007 | 21/04/2008 | 29/09/2008 | French | |
| Abridged model | 31/12/2006 | 18/04/2007 | 30/08/2007 | French |
Valuation
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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Governance
Board of directors
Seen on filing of 31/12/2025 · 2 active · 22 ended
Active mandates
Madhavan Kumar
ActiveWim Deckx
ActiveEnded mandates
Shareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
- Mandates04/09/2025ONTSLAGEN - BENOEMINGEN
- Mandates26/11/2024ONTSLAGEN - BENOEMINGEN
- Registered office27/02/2023STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - MAATSCHAPPELIJKE ZETEL
- Mandates20/10/2020ONTSLAGEN - BENOEMINGEN
- Mandates31/08/2020ONTSLAGEN - BENOEMINGEN
- Mandates31/01/2020KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
- Mandates22/02/2018DEMISSIONS, NOMINATIONS
- Mandates03/09/2015DEMISSIONS, NOMINATIONS
Source: Belgian Official Gazette
Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 2025667,3 k €↓
- 2024Annual accounts 20241 M €↑
- 2023Annual accounts 2023292 k €↑
- 2022Annual accounts 2022-490 k €↓
- 2021Annual accounts 2021569,8 k €↑
- 2020Annual accounts 2020250,7 k €↑
- 2019Annual accounts 201996,6 k €↑
- 2018Annual accounts 2018-730,5 k €↓
- 2017Annual accounts 2017-235,9 k €↓
- 2016Annual accounts 2016165,5 k €↓
- 2015Annual accounts 2015433 k €↑
- 2014Annual accounts 2014-488,4 k €↑
- 2013Annual accounts 2013-1,5 M €↓
- 2012Annual accounts 201246,6 k €↑
- 2011Annual accounts 201110,7 k €↓
- 2010Annual accounts 2010305,3 k €↑
- 2009Annual accounts 2009-69,5 k €↓
- 2008Annual accounts 2008142,1 k €↑
- 2007Annual accounts 2007-328,4 k €↓
- 2006Annual accounts 2006205,5 k €
- 15/07/2002IncorporationPublic limited company