ACTIVE

ZENITH LOGISTICS

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Financial year 2025 · closed on 31/12/2025
Net result
527,6 k €
+26.9% YoY
Gross margin
1,2 M €
+21.8% YoY
Equity
3 M €
+21.8% YoY
Workforce
5,9 ETP
+3.5% YoY

What does ZENITH LOGISTICS do?

ZENITH LOGISTICS is a Public limited company incorporated in 2013. Its main activity is: Passenger rail transport, interurban. Its registered office is in Antwerpen. It employs on average 5,9 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0541.375.113
Incorporation
23/10/2013
Legal form
Public limited company
Registered office
IJzerlaan 9
2060 Antwerpen · FlandreSee on map
Contributed capital
100 000,00 €
Latest accounts
31/12/2025
Average workforce
5,9 ETP
Activities (NACE)
49100Passenger rail transport, interurban· main49110Passenger rail transport, interurban52250Support activities for transportation52290Other transportation support activities49200Freight rail transport49200Freight rail transport+8
Signals
ProfitableSolid 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 12 financial years

202520242023202220212020201920182017201620152014
Income statement
Gross margin1,2 M €1 M €1,3 M €1,8 M €1,3 M €1,2 M €1,1 M €968,9 k €1 M €816,3 k €847,5 k €724,4 k €
EBITDA730 k €550,2 k €805,2 k €1,3 M €885,7 k €803,4 k €718 k €535,5 k €664,5 k €557,5 k €575,6 k €468,9 k €
Operating result707,4 k €526,5 k €789,8 k €1,3 M €874,4 k €789,1 k €700,4 k €520,4 k €648,1 k €541,8 k €555,5 k €443,5 k €
Net result527,6 k €415,8 k €715,2 k €857,4 k €768,5 k €557,5 k €454,8 k €319,3 k €346,9 k €324,8 k €405,4 k €310,9 k €
Balance sheet
Equity3 M €2,4 M €2,5 M €2,9 M €2,6 M €2,1 M €1,6 M €1,3 M €971,7 k €624,8 k €300 k €290,9 k €
Total assets3,8 M €3,4 M €3,3 M €4,1 M €4,8 M €3 M €2,6 M €2,2 M €1,9 M €1,6 M €2,1 M €1,6 M €
Cash2,9 M €1,3 M €1,3 M €1,3 M €1,4 M €1,9 M €1,5 M €1,2 M €771,3 k €600,4 k €1,1 M €887,3 k €
Debts859,8 k €941,5 k €803,3 k €1,2 M €2,2 M €842,9 k €1,1 M €955,3 k €908,2 k €981,6 k €1,8 M €1,3 M €
Other
Workforce5,9 ETP5,7 ETP5,7 ETP6,3 ETP6,2 ETP6,1 ETP6,4 ETP7,6 ETP6,5 ETP5,1 ETP5,0 ETP4,3 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 3 ended

Active mandates

DAXIS

Managing director · 0475.456.485

Represented by IVO SPIESSENS

Active

Ended mandates

DAXIS

Managing director · since 01 mars 2015 · until 01 mars 2021 · 0475.456.485

Represented by Ivo Spiessens

Ended
DAXIS

Managing director · since 01 mars 2015 · until 04 juin 2027 · 0475.456.485

Represented by Ivo Spiessens

Ended
Huseyin Altun

Director · since 23 octobre 2013 · until 23 octobre 2019

Ended
At this address

Other companies at this address

CompanyCBE no.
LBY Trans● Liquidation
0785.267.260
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 date24/08/202631/08/202530/08/202430/08/202326/08/202230/08/2021
General meeting05/06/202606/06/202507/06/202402/06/202303/06/202204/06/2021
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

12 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202505/06/202624/08/2026DutchPDF
Abridged model31/12/202406/06/202531/08/2025DutchPDF
Abridged model31/12/202307/06/202430/08/2024DutchPDF
Abridged model31/12/202202/06/202330/08/2023DutchPDF
Abridged model31/12/202103/06/202226/08/2022DutchPDF
Abridged model31/12/202004/06/202130/08/2021DutchPDF
Abridged model31/12/201905/06/202003/09/2020DutchPDF
Abridged model31/12/201807/06/201930/08/2019DutchPDF
Abridged model31/12/201701/06/201830/08/2018DutchPDF
Abridged model31/12/201602/06/201730/08/2017DutchPDF
Abridged model31/12/201503/06/201617/08/2016DutchPDF
Abridged model31/12/201405/06/201526/08/2015DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 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 · 3 ended

Active mandates

DAXIS

Managing director · 0475.456.485

Represented by IVO SPIESSENS

Active

Ended mandates

DAXIS

Managing director · since 01 mars 2015 · until 01 mars 2021 · 0475.456.485

Represented by Ivo Spiessens

Ended
DAXIS

Managing director · since 01 mars 2015 · until 04 juin 2027 · 0475.456.485

Represented by Ivo Spiessens

Ended
Huseyin Altun

Director · since 23 octobre 2013 · until 23 octobre 2019

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates19/12/2023
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates17/03/2015
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates06/01/2015
    ONTSLAGEN - BENOEMINGEN - BOEKJAAR - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Other28/10/2013
    RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, 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

Timeline

  1. 2025
    Annual accounts 2025527,6 k €↑
  2. 2024
    Annual accounts 2024415,8 k €↓
  3. 2023
    Annual accounts 2023715,2 k €↓
  4. 2022
    Annual accounts 2022857,4 k €↑
  5. 2021
    Annual accounts 2021768,5 k €↑
  6. 2020
    Annual accounts 2020557,5 k €↑
  7. 2019
    Annual accounts 2019454,8 k €↑
  8. 2018
    Annual accounts 2018319,3 k €↓
  9. 2017
    Annual accounts 2017346,9 k €↑
  10. 2016
    Annual accounts 2016324,8 k €↓
  11. 2015
    Annual accounts 2015405,4 k €↑
  12. 2014
    Annual accounts 2014310,9 k €
  13. 23/10/2013
    IncorporationPublic limited company