ACTIVE

Zest Real Estate Development

Financial year 2025 · Closed on 31/12/2025

Net result-14 k €-163,4 %over 1 year
Gross margin26,3 k €-67,8 %over 1 year
Equity-37,9 k €-58,6 %over 1 year
Workforce0,9 ETP-10,0 %over 1 year

Identity

Source · BCE/KBO

Zest Real Estate Development is a Private company with limited liability incorporated in 2014. Its registered office is in Nivelles. It employs on average 0,9 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0566.927.287
Incorporation
29/10/2014
Legal form
Private company with limited liability
Registered office
Rue Sainte-Barbe 140a
1400 Nivelles · WallonieSee on map
Contributed capital
12 400,00 €
Latest accounts
31/12/2025
Average workforce
0,9 ETP
Joint committees (1)
  • 200
Signals
Healthy social debts

Financials

Source · NBB, 11 filings

Trend over 11 financial years

20252024202320222021
Income statement
Gross margin26,3 k €81,5 k €25,4 k €23,6 k €3,2 k €
EBITDA-12 k €23,6 k €-31,4 k €-27,4 k €-27,1 k €
Operating result-12,2 k €22,6 k €-34,1 k €-31 k €-32,4 k €
Net result-14 k €22,1 k €-33,2 k €-31,6 k €-29,5 k €
Balance sheet
Equity-37,9 k €-23,9 k €-45,9 k €-12,7 k €18,9 k €
Total assets135,3 k €159,5 k €293,2 k €287 k €271,9 k €
Cash5,8 k €16,5 k €10,9 k €–12,4 k €
Debts173,1 k €183,4 k €339,2 k €299,6 k €253 k €
Other
Workforce0,9 ETP1,0 ETP–1,0 ETP–

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 13 ended

Active mandates

GECOK

Director · since 26 avril 2024 · 0435.589.584

Represented by Marie Sibylle Koll

Active
The Merchant's Counsellors Ltd

Director · since 26 avril 2024 · 0415.551.859

Represented by Philip Vanmarcke

Active
ZWIJNAARDE

Director · since 26 avril 2024 · 0458.689.541

Represented by Philippe Brantegem

Active

Ended mandates

Active Belgian Land Investment

administrateur · since 04 février 2022 · 0456.045.597

Represented by Philip Vanmarcke

Ended
Active Belgian Land Investment

Director · since 04 février 2020 · 0456.045.597

Represented by Philippe Brantegem

Ended
Active Belgian Land Investment

Director · since 04 février 2020 · until 26 avril 2024 · 0456.045.597

Represented by Philip Brangegem

Ended
GECOK

Director · since 04 février 2020 · 0435.589.584

Represented by Marie Sybille Koll

Ended

Full financial information

Source · NBB
202520242023202220212020
Type of accountAbridged modelAbridged modelMicro modelAbridged modelMicro modelMicro 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 date16/07/202616/07/202517/07/202420/07/202326/07/202206/09/2021
General meeting30/06/202630/06/202527/06/202430/06/202314/04/202208/04/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 11 filings
ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202530/06/202616/07/2026FrenchPDF
Abridged model31/12/202430/06/202516/07/2025FrenchPDF
Micro model31/12/202327/06/202417/07/2024FrenchPDF
Abridged model31/12/202230/06/202320/07/2023FrenchPDF
Micro model31/12/202114/04/202226/07/2022FrenchPDF
Micro model31/12/202008/04/202106/09/2021FrenchPDF
Micro model31/12/201909/06/202025/10/2020FrenchPDF
Micro model31/12/201827/05/201926/08/2019FrenchPDF
Micro model31/12/201712/04/201831/08/2018FrenchPDF
Micro model31/12/201613/04/201731/08/2017FrenchPDF
Abridged model31/12/201514/04/201604/08/2016FrenchPDF

Indicative valuation

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.

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 13 ended

Active mandates

GECOK

Director · since 26 avril 2024 · 0435.589.584

Represented by Marie Sibylle Koll

Active
The Merchant's Counsellors Ltd

Director · since 26 avril 2024 · 0415.551.859

Represented by Philip Vanmarcke

Active
ZWIJNAARDE

Director · since 26 avril 2024 · 0458.689.541

Represented by Philippe Brantegem

Active

Ended mandates

Active Belgian Land Investment

administrateur · since 04 février 2022 · 0456.045.597

Represented by Philip Vanmarcke

Ended
Active Belgian Land Investment

Director · since 04 février 2020 · 0456.045.597

Represented by Philippe Brantegem

Ended
Active Belgian Land Investment

Director · since 04 février 2020 · until 26 avril 2024 · 0456.045.597

Represented by Philip Brangegem

Ended
GECOK

Director · since 04 février 2020 · 0435.589.584

Represented by Marie Sybille Koll

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates03/07/2024
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates06/07/2020
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates26/07/2019
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates17/01/2018
    SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
    PDF
  • Registered office31/12/2014
    SIEGE SOCIAL
    PDF
  • Other31/10/2014
    RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
    PDF

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 2025-14 k €↓
  2. 2024
    Annual accounts 202422,1 k €↑
  3. 2023
    Annual accounts 2023-33,2 k €↓
  4. 2023
    Name changeZest.Red
  5. 2022
    Annual accounts 2022-31,6 k €↓
  6. 2021
    Annual accounts 2021-29,5 k €↓
  7. 2020
    Annual accounts 202019,6 k €↑
  8. 2019
    Annual accounts 201916,2 k €↑
  9. 2018
    Annual accounts 201812,4 k €↑
  10. 2017
    Annual accounts 20177,3 k €↑
  11. 2016
    Annual accounts 2016-7,8 k €↓
  12. 2015
    Annual accounts 2015-624,1 €
  13. 2015
    Name changeZest Real Estate Development
  14. 29/10/2014
    IncorporationPrivate company with limited liability