ACTIVE

ZEPA

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Financial year 2024 · closed on 31/12/2024

Net result

92,4 k €

+13.4% YoY

Revenue

1 M €

-31.3% YoY

Equity

14,9 M €

+129.5% YoY

Workforce

3,0 ETP

-16.7% YoY

What does ZEPA do?

ZEPA is a Public limited company incorporated in 2018. Its main activity is: Activities of holding companies. Its registered office is in Temse. It employs on average 3,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0713.937.717

Incorporation

27/11/2018

Legal form

Public limited company

Registered office

Frank Van Dyckelaan 16
9140 Temse · FlandreSee on map

Contributed capital

13 341 486,93 €

Latest accounts

31/12/2024

Average workforce

3,0 ETP

Activities (NACE)

64200Activities of holding companies· main 64210Activities of holding companies

Joint committees (1)

Signals

ProfitableSolid equityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 6 financial years

	2024		2023		2022		2021		2020		2019
Income statement
Revenue	1 M €	-31.3%	1,5 M €	-4.6%	1,6 M €	+11.6%	1,4 M €	+8.2%	1,3 M €	+4.9%	1,2 M €
EBITDA	492,5 k €	-24.5%	652,4 k €	+56.8%	416,2 k €	+102%	205,7 k €	+158%	79,8 k €	-5.0%	84 k €
Operating result	487,1 k €	-24.7%	647 k €	+57.5%	410,8 k €	+109%	196,4 k €	+168%	73,3 k €	+1.4%	72,3 k €
Net result	92,4 k €	+13.4%	81,5 k €	+277%	-46 k €	-109%	531,1 k €	+241%	-377 k €	-129%	1,3 M €
Balance sheet
Equity	14,9 M €	+130%	6,5 M €	+1.3%	6,4 M €	-0.7%	6,5 M €	+8.9%	5,9 M €	-6.0%	6,3 M €
Total assets	24,8 M €	+0.6%	24,6 M €	+0.3%	24,5 M €	-0.1%	24,6 M €	-0.2%	24,6 M €	-3.4%	25,5 M €
Cash	41,4 k €	+31.1%	31,6 k €	-80.5%	162,2 k €	+305%	40 k €	-79.8%	198,3 k €	-72.5%	721,9 k €
Debts	9,8 M €	-45.7%	18,1 M €	-0.1%	18,1 M €	+0.1%	18,1 M €	-2.9%	18,6 M €	-1.0%	18,8 M €
Other
Workforce	3,0 ETP	-16.7%	3,6 ETP	-5.3%	3,8 ETP	0.0%	3,8 ETP	-20.8%	4,8 ETP	-4.0%	5,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2024 · 3 active · 5 ended

Active mandates

True North Asset Management

Director · since 08 octobre 2024 · until 07 octobre 2030 · 0457.827.330

Represented by Bernard Hendrikx

Active

FABUCO

Director · since 13 décembre 2023 · until 12 décembre 2029 · 0780.389.051

Represented by Jan De Buck

Active

RAION CAPITAL

Director · since 13 décembre 2023 · until 12 décembre 2029 · 0732.958.922

Represented by Leonard Soenen

Active

Ended mandates

Kazmuzi

Director · since 13 décembre 2023 · until 12 décembre 2029 · 0708.896.091

Represented by Ralf De Clercq

Ended

Integra Management

Managing director · since 26 novembre 2018 · until 19 juin 2024 · 0708.895.301

Represented by Johan Heirbrandt-Van Rijsseghem

Ended

Integra Management

Managing director · since 26 novembre 2018 · until 19 juin 2024 · 0708.895.301

Represented by Johan Heirbrandt-Van Risseghem

Ended

True North Asset Management

Director · since 26 novembre 2018 · until 19 juin 2024 · 0457.827.330

Represented by Bernard Hendrikx

Ended

At this address

Other companies at this address

Company	CBE no.
SACK INVEST● Active	0829.535.684
SACK ZELFBOUW● Active	0475.952.175
Zepa Groep● Active	0719.696.052

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	26/11/2018
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	14 months
Filing date	11/07/2025	08/07/2024	31/08/2023	28/07/2022	26/07/2021	03/07/2020
General meeting	27/06/2025	05/07/2024	31/08/2023	15/07/2022	07/07/2021	17/06/2020
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

6 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2024	27/06/2025	11/07/2025	Dutch	PDF
Full model	31/12/2023	05/07/2024	08/07/2024	Dutch	PDF
Full model	31/12/2022	31/08/2023	31/08/2023	Dutch	PDF
Full model	31/12/2021	15/07/2022	28/07/2022	Dutch	PDF
Full model	31/12/2020	07/07/2021	26/07/2021	Dutch	PDF
Full model	31/12/2019	17/06/2020	03/07/2020	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

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 31/12/2024 · 3 active · 5 ended

Active mandates

True North Asset Management

Director · since 08 octobre 2024 · until 07 octobre 2030 · 0457.827.330

Represented by Bernard Hendrikx

Active

FABUCO

Director · since 13 décembre 2023 · until 12 décembre 2029 · 0780.389.051

Represented by Jan De Buck

Active

RAION CAPITAL

Director · since 13 décembre 2023 · until 12 décembre 2029 · 0732.958.922

Represented by Leonard Soenen

Active

Ended mandates

Kazmuzi

Director · since 13 décembre 2023 · until 12 décembre 2029 · 0708.896.091

Represented by Ralf De Clercq

Ended

Integra Management

Managing director · since 26 novembre 2018 · until 19 juin 2024 · 0708.895.301

Represented by Johan Heirbrandt-Van Rijsseghem

Ended

Integra Management

Managing director · since 26 novembre 2018 · until 19 juin 2024 · 0708.895.301

Represented by Johan Heirbrandt-Van Risseghem

Ended

True North Asset Management

Director · since 26 novembre 2018 · until 19 juin 2024 · 0457.827.330

Represented by Bernard Hendrikx

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates14/11/2024
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares26/06/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN
PDF
Mandates15/01/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/12/2020
ONTSLAGEN - BENOEMINGEN
PDF
Other07/01/2019
DIVERSEN
PDF
Other29/11/2018
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

2024
Annual accounts 202492,4 k €↑
2023
Annual accounts 202381,5 k €↑
2022
Annual accounts 2022-46 k €↓
2021
Annual accounts 2021531,1 k €↑
2020
Annual accounts 2020-377 k €↓
2019
Annual accounts 20191,3 M €
27/11/2018
IncorporationPublic 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

ZEPA

Overview

What does ZEPA do?

Trend over 6 financial years

Indicative valuation

Board of directors

Other companies at this address

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