NORMAL SITUATION

ZET U (SE)

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Financial year 2023 · closed on 31/12/2023

Net result

146,7 k €

+124.1% YoY

Gross margin

2,4 M €

-28.0% YoY

Equity

819,4 k €

+24.4% YoY

Workforce

62,9 ETP

-37.7% YoY

Company — Normal situation.

What does ZET U do?

ZET U is a company registered in Belgium. It employs on average 62,9 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0812.706.877

Legal form

Non-profit organization

Latest accounts

31/12/2023

Average workforce

62,9 ETP

Joint committees (1)

32901

Signals

ProfitableSolid equityGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 15 financial years

	2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009
Income statement
Gross margin	2,4 M €	-28.0%	3,3 M €	+23.0%	2,7 M €	-7.0%	2,9 M €	+1.6%	2,9 M €	+5.6%	2,7 M €	+23.4%	2,2 M €	+2.8%	2,1 M €	+1.7%	2,1 M €	+14.4%	1,8 M €	+22.3%	1,5 M €	+16.7%	1,3 M €	-0.9%	1,3 M €	+93.9%	667,7 k €	+113%	313,3 k €
EBITDA	195,9 k €	+135%	-567,8 k €	-651%	103,1 k €	-71.0%	355,1 k €	+276%	94,5 k €	+59.4%	59,3 k €	-62.5%	158,3 k €	+18.8%	133,2 k €	+22.6%	108,6 k €	-39.8%	180,3 k €	+32.5%	136,1 k €	+18.8%	114,5 k €	-16.1%	136,6 k €	+82.6%	74,8 k €	+7165%	1 k €
Operating result	149,4 k €	+125%	-604,8 k €	-1011%	66,4 k €	-79.2%	319,4 k €	+200%	106,6 k €	+294%	27,1 k €	-63.5%	74,2 k €	-15.7%	88,1 k €	+25.7%	70,1 k €	-51.6%	144,9 k €	+33.5%	108,5 k €	+6.5%	101,9 k €	-13.4%	117,6 k €	+94.0%	60,6 k €	+6472%	922,3 €
Net result	146,7 k €	+124%	-608,6 k €	-1067%	62,9 k €	-80.0%	315,1 k €	+438%	58,5 k €	+73.1%	33,8 k €	-60.6%	85,9 k €	-8.9%	94,3 k €	+28.3%	73,5 k €	-50.5%	148,6 k €	+33.9%	111 k €	+7.3%	103,4 k €	-12.6%	118,4 k €	+94.4%	60,9 k €	+6730%	891,5 €
Balance sheet
Equity	819,4 k €	+24.4%	658,7 k €	-48.0%	1,3 M €	+5.2%	1,2 M €	+35.4%	889,2 k €	+7.0%	830,7 k €	+4.2%	796,9 k €	+12.1%	711 k €	+15.3%	616,7 k €	+13.5%	543,2 k €	+37.7%	394,6 k €	+39.1%	283,6 k €	+57.4%	180,1 k €	+192%	61,8 k €	+6830%	891,5 €
Total assets	2,1 M €	+32.7%	1,6 M €	-25.8%	2,2 M €	+11.6%	2 M €	+20.8%	1,6 M €	-3.0%	1,7 M €	+17.6%	1,4 M €	+14.0%	1,2 M €	+1.6%	1,2 M €	+30.0%	940,3 k €	+20.7%	779,3 k €	+39.2%	559,8 k €	+17.3%	477,3 k €	+115%	222,5 k €	+8.1%	205,7 k €
Cash	67,2 k €	-87.4%	534,1 k €	-61.3%	1,4 M €	+9.0%	1,3 M €	+32.2%	956,6 k €	+18.5%	807 k €	+45.9%	553,1 k €	+22.5%	451,4 k €	+29.0%	350 k €	-15.0%	411,7 k €	+82.9%	225,1 k €	-2.1%	230 k €	+194%	78,3 k €	+80.8%	43,3 k €	-60.9%	110,8 k €
Debts	1,3 M €	+38.4%	956,2 k €	+5.0%	910,3 k €	+21.8%	747,4 k €	+2.9%	726,3 k €	-11.9%	824,9 k €	+33.2%	619,2 k €	+20.4%	514,4 k €	-10.6%	575,2 k €	+44.8%	397,1 k €	+3.2%	384,7 k €	+39.3%	276,3 k €	-6.9%	296,8 k €	+84.7%	160,7 k €	-21.5%	204,8 k €
Other
Workforce	62,9 ETP	-37.7%	100,9 ETP	+9.9%	91,8 ETP	-0.2%	92,0 ETP	+3.4%	89,0 ETP	+2.5%	86,8 ETP	+27.6%	68,0 ETP	+1.0%	67,3 ETP	+1.5%	66,3 ETP	+26.5%	52,4 ETP	+19.9%	43,7 ETP	+17.5%	37,2 ETP	+20.0%	31,0 ETP	+42.9%	21,7 ETP	+161%	8,3 ETP

Governance

Board of directors

Seen on filing of 31/12/2023 · 3 active · 16 ended

Active mandates

Johan De Muynck

Chairman of the board of directors · since 09 juin 2020

Active

Openbaar Centrum voor Maatschappelijk Welzijn van Antwerpen

Director · since 17 juin 2009 · 0212.235.604

Represented by Johan Peeters

Active

Paul Goetstouwers

Director · since 17 juin 2009

Active

Ended mandates

beweging.111

Director · since 09 juin 2020 · 0654.764.846

Represented by Herman Gorremans

Ended

Johan De Muynck

Director · since 09 juin 2020

Ended

Michel Brabants

Director · since 22 novembre 2010

Ended

Jan Van Roie

Managing director · since 09 juillet 2009 · until 10 mai 2016

Ended

Annual accounts

Full financial information

	2023	2022	2021	2020	2019	2018
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019	01/01/2018
Closing of the financial year	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019	31/12/2018
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	12/07/2024	17/07/2023	01/07/2022	06/07/2021	02/07/2020	04/07/2019
General meeting	25/06/2024	23/06/2023	07/06/2022	01/06/2021	09/06/2020	18/06/2019
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

15 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2023	25/06/2024	12/07/2024	Dutch	PDF
Abridged model	31/12/2022	23/06/2023	17/07/2023	Dutch	PDF
Abridged model	31/12/2021	07/06/2022	01/07/2022	Dutch	PDF
Abridged model	31/12/2020	01/06/2021	06/07/2021	Dutch	PDF
Abridged model	31/12/2019	09/06/2020	02/07/2020	Dutch	PDF
Abridged model	31/12/2018	18/06/2019	04/07/2019	Dutch	PDF
Abridged model	31/12/2017	19/06/2018	25/06/2018	Dutch	PDF
Abridged model	31/12/2016	27/06/2017	26/09/2017	Dutch	PDF
Abridged model	31/12/2015	10/05/2016	01/07/2016	Dutch	PDF
Abridged model	31/12/2014	26/05/2015	24/06/2015	Dutch	PDF
Abridged model	31/12/2013	03/06/2014	28/07/2014	Dutch	PDF
Abridged model	31/12/2012	09/07/2013	03/08/2013	Dutch	PDF
Abridged model	31/12/2011	26/06/2012	16/07/2012	Dutch	PDF
Abridged model	31/12/2010	22/06/2011	28/06/2011	Dutch	PDF
Abridged model	31/12/2009	14/04/2010	02/07/2010	Dutch	PDF

Estimate

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.

Governance

Board of directors

Seen on filing of 31/12/2023 · 3 active · 16 ended

Active mandates

Johan De Muynck

Chairman of the board of directors · since 09 juin 2020

Active

Openbaar Centrum voor Maatschappelijk Welzijn van Antwerpen

Director · since 17 juin 2009 · 0212.235.604

Represented by Johan Peeters

Active

Paul Goetstouwers

Director · since 17 juin 2009

Active

Ended mandates

beweging.111

Director · since 09 juin 2020 · 0654.764.846

Represented by Herman Gorremans

Ended

Johan De Muynck

Director · since 09 juin 2020

Ended

Michel Brabants

Director · since 22 novembre 2010

Ended

Jan Van Roie

Managing director · since 09 juillet 2009 · until 10 mai 2016

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Dissolution21/05/2024
RUBRIEK EINDE (STOPZETTING, INTREKKING STOPZETTING, NIETIGHEID, GER. AK., GERECHTELIJKE REORGANISATIE, ENZ... - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates14/09/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates05/01/2023
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
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

2023
Annual accounts 2023146,7 k €↑
2022
Annual accounts 2022-608,6 k €↓
2021
Annual accounts 202162,9 k €↓
2020
Annual accounts 2020315,1 k €↑
2019
Annual accounts 201958,5 k €↑
2018
Annual accounts 201833,8 k €↓
2017
Annual accounts 201785,9 k €↓
2016
Annual accounts 201694,3 k €↑
2015
Annual accounts 201573,5 k €↓
2014
Annual accounts 2014148,6 k €↑
2013
Annual accounts 2013111 k €↑
2012
Annual accounts 2012103,4 k €↓
2011
Annual accounts 2011118,4 k €↑
2010
Annual accounts 201060,9 k €↑
2009
Annual accounts 2009891,5 €

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

ZET U (SE)

Overview

What does ZET U do?

Trend over 15 financial years

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