ACTIVE

ZEBULAH

Export PDF

Financial year 2026 · closed on 31/01/2026

Net result

436,1 k €

+3.7% YoY

Gross margin

2,3 M €

-24.6% YoY

Equity

2,1 M €

+25.4% YoY

Workforce

32,9 ETP

0.0% YoY

What does ZEBULAH do?

ZEBULAH is a Public limited company incorporated in 2009. Its main activity is: Retail sale of clothing in specialised stores. Its registered office is in Merchtem. It employs on average 32,9 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0818.345.349

Incorporation

08/09/2009

Legal form

Public limited company

Registered office

Brusselsesteenweg 185
1785 Merchtem · FlandreSee on map

Contributed capital

2 061 500,00 €

Latest accounts

31/01/2026

Average workforce

32,9 ETP

Activities (NACE)

47716Retail sale of clothing in specialised stores· main 47716Retail sale of clothing in specialised stores

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

Available with a Rovalta subscriptionTry for 7 days

Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 16 financial years

	2026		2025		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010
Income statement
Gross margin	2,3 M €	-24.6%	3 M €	+294%	766,7 k €	-49.0%	1,5 M €		–		–		–		–		–		–		–		–		–		–		–		–
EBITDA	743 k €	-7.6%	804 k €	+252%	-528,4 k €	-234%	394 k €	+232%	118,6 k €	+185%	-140,3 k €	-123%	608,2 k €	-37.9%	979,6 k €	-3.8%	1 M €	-15.9%	1,2 M €	+153%	478,9 k €	-54.6%	1,1 M €	-34.5%	1,6 M €	+210%	519,4 k €	-2.6%	533,4 k €	+5848%	9 k €
Operating result	465 k €	+6.6%	436,2 k €	+147%	-936,7 k €	-7180%	-12,9 k €	+86.6%	-95,7 k €	+85.4%	-653,7 k €	-285%	353 k €	-18.3%	432,2 k €	-26.0%	584,4 k €	-14.0%	679,2 k €	+1883%	-38,1 k €	-109%	429,5 k €	-54.9%	951,3 k €	+1644%	54,5 k €	-85.1%	365,5 k €	+1278%	-31 k €
Net result	436,1 k €	+3.7%	420,6 k €	+145%	-940,9 k €	-3688%	-24,8 k €	+78.1%	-113,2 k €	+81.5%	-612,9 k €	-403%	202,1 k €	-27.6%	279,2 k €	-12.7%	319,8 k €	-22.6%	413 k €	+671%	-72,3 k €	-134%	214,8 k €	-60.1%	538,3 k €	+1246%	-47 k €	-122%	217,8 k €	+617%	-42,2 k €
Balance sheet
Equity	2,1 M €	+25.4%	1,7 M €	+342%	-706,9 k €	-402%	234 k €	-9.6%	258,8 k €	-30.4%	372 k €	-62.2%	985 k €	+25.8%	782,9 k €	+55.4%	503,6 k €	-60.8%	1,3 M €	+47.4%	870,9 k €	-7.7%	943,2 k €	+29.5%	728,4 k €	+283%	190,2 k €	-19.8%	237,2 k €	+1126%	19,3 k €
Total assets	3,6 M €	+11.2%	3,2 M €	-1.6%	3,3 M €	-2.2%	3,3 M €	-48.7%	6,5 M €	-29.0%	9,2 M €	-32.7%	13,6 M €	+142%	5,6 M €	+8.4%	5,2 M €	+26.9%	4,1 M €	+3.0%	4 M €	-14.1%	4,6 M €	-12.0%	5,3 M €	+1.6%	5,2 M €	+61.3%	3,2 M €	+199%	1,1 M €
Cash	214 k €	+109%	102,2 k €	+135%	43,4 k €	-77.5%	193,2 k €	+67.9%	115 k €	+236%	34,2 k €	-40.8%	57,8 k €	-35.7%	89,9 k €	+112%	42,4 k €	-74.9%	169,1 k €	+186%	59 k €	-82.8%	343,1 k €	-9.7%	379,9 k €	+14.5%	331,7 k €	+56.7%	211,6 k €	+173%	77,7 k €
Debts	1,4 M €	-3.9%	1,5 M €	-62.3%	3,9 M €	+27.5%	3,1 M €	-50.4%	6,2 M €	-29.1%	8,8 M €	-30.4%	12,6 M €	+163%	4,8 M €	+4.0%	4,6 M €	+69.1%	2,7 M €	-10.8%	3,1 M €	-14.9%	3,6 M €	-19.3%	4,5 M €	-10.5%	5 M €	+73.3%	2,9 M €	+176%	1 M €
Other
Workforce	32,9 ETP	0.0%	32,9 ETP	+17.1%	28,1 ETP	+6.4%	26,4 ETP	+7.3%	24,6 ETP	-8.2%	26,8 ETP	+9.8%	24,4 ETP	-34.6%	37,3 ETP	+7.2%	34,8 ETP	+22.5%	28,4 ETP	-3.1%	29,3 ETP	-22.7%	37,9 ETP	-3.6%	39,3 ETP	+40.9%	27,9 ETP	+163%	10,6 ETP	+324%	2,5 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/01/2026 · 4 active · 19 ended

Active mandates

Jo WILLEMYNS

Director · since 01 août 2023 · until 08 juin 2027

Active

Stefan GOETHAERT

Director · since 01 août 2023 · until 08 juin 2027

Active

Kris CASTELEIN

Director · since 02 décembre 2020 · until 08 juin 2027

Active

Stefaan VANDAMME

Director · since 02 décembre 2020 · until 08 juin 2027

Active

Ended mandates

Jo WILLEMYNS

Director · since 01 août 2023 · until 01 décembre 2026

Ended

Stefan GOETHAERT

Director · since 01 août 2023 · until 01 décembre 2026

Ended

Colruyt Jozef

Director · since 02 décembre 2020 · until 01 août 2023

Ended

CREAGEN

Managing director · since 02 décembre 2020 · until 01 août 2023 · 0459.619.850

Represented by Luc Van Mol

Ended

At this address

Other companies at this address

Company	CBE no.
ANTWERP FASHION OUTLET● Active	0552.682.838
BELLACOOLA● Active	0550.532.804
CAVRILO● Active	0458.979.551
ECHO BAY● Active	0839.710.489
FASHION FOR STARS● Active	0822.734.402
Florin'Store● Active	0835.080.918
HARRAR● Active	0848.568.965
KAZO● Active	0839.343.473
MONASHEE● Active	0836.421.892
Nationale4● Active	0550.533.297
Point Carré Belgium● Active	0823.409.244
POINTFOSSES● Active	0552.923.556
QUARRY BAY● Active	0578.904.710
SAVANNE● Active	0887.174.272
SAVERMO● Active	0503.777.616
SOLISACO● Active	0676.889.061
THE FASHION SOCIETY● Active	0553.548.910
ZIMPO● Active	0685.500.978

Annual accounts

Full financial information

	2026	2025	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Full model	Full model
Start of the financial year	01/02/2025	01/08/2023	01/08/2022	01/08/2021	01/08/2020	01/08/2019
Closing of the financial year	31/01/2026	31/01/2025	31/07/2023	31/07/2022	31/07/2021	31/07/2020
Length of the financial year	12 months	18 months	12 months	12 months	12 months	12 months
Filing date	17/06/2026	09/07/2025	11/04/2024	30/05/2023	07/02/2022	06/01/2021
General meeting	09/06/2026	25/06/2025	29/03/2024	26/05/2023	27/12/2021	17/12/2020
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

Looking for more information about this company?

Try for 7 days

Filings

Annual accounts filings

16 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/01/2026	09/06/2026	17/06/2026	Dutch	PDF
Abridged model	31/01/2025	25/06/2025	09/07/2025	Dutch	PDF
Abridged model	31/07/2023	29/03/2024	11/04/2024	Dutch	PDF
Abridged model	31/07/2022	26/05/2023	30/05/2023	Dutch	PDF
Full model	31/07/2021	27/12/2021	07/02/2022	Dutch	PDF
Full model	31/07/2020	17/12/2020	06/01/2021	Dutch	PDF
Full model	31/07/2019	30/01/2020	05/02/2020	Dutch	PDF
Full model	31/07/2018	06/03/2019	06/03/2019	Dutch	PDF
Full model	31/07/2017	21/12/2017	28/02/2018	Dutch	PDF
Full model	31/07/2016	19/01/2017	28/02/2017	Dutch	PDF
Full model	31/07/2015	17/12/2015	23/02/2016	Dutch	PDF
Full model	31/07/2014	29/01/2015	26/02/2015	Dutch	PDF
Full model	31/07/2013	19/12/2013	25/02/2014	Dutch	PDF
Full model	31/07/2012	17/12/2012	27/02/2013	Dutch	PDF
Full model	31/07/2011	15/12/2011	17/02/2012	Dutch	PDF
Full model	31/07/2010	16/12/2010	18/02/2011	Dutch	PDF

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.

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 31/01/2026 · 4 active · 19 ended

Active mandates

Jo WILLEMYNS

Director · since 01 août 2023 · until 08 juin 2027

Active

Stefan GOETHAERT

Director · since 01 août 2023 · until 08 juin 2027

Active

Kris CASTELEIN

Director · since 02 décembre 2020 · until 08 juin 2027

Active

Stefaan VANDAMME

Director · since 02 décembre 2020 · until 08 juin 2027

Active

Ended mandates

Jo WILLEMYNS

Director · since 01 août 2023 · until 01 décembre 2026

Ended

Stefan GOETHAERT

Director · since 01 août 2023 · until 01 décembre 2026

Ended

Colruyt Jozef

Director · since 02 décembre 2020 · until 01 août 2023

Ended

CREAGEN

Managing director · since 02 décembre 2020 · until 01 août 2023 · 0459.619.850

Represented by Luc Van Mol

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates21/09/2026
Ontslag / (her)benoeming bestuurder(s)
PDF
Capital / shares29/10/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN - ALGEMENE VERGADERING - BOEKJAAR
PDF
Other13/12/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates12/10/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates21/01/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates27/09/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/07/2016
ONTSLAGEN - BENOEMINGEN
PDF
Mandates17/09/2013
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

2026
Annual accounts 2026436,1 k €↑
2025
Annual accounts 2025420,6 k €↑
2023
Annual accounts 2023-940,9 k €↓
2022
Annual accounts 2022-24,8 k €↑
2021
Annual accounts 2021-113,2 k €↑
2020
Annual accounts 2020-612,9 k €↓
2019
Annual accounts 2019202,1 k €↓
2018
Annual accounts 2018279,2 k €↓
2017
Annual accounts 2017319,8 k €↓
2016
Annual accounts 2016413 k €↑
2015
Annual accounts 2015-72,3 k €↓
2014
Annual accounts 2014214,8 k €↓
2013
Annual accounts 2013538,3 k €↑
2012
Annual accounts 2012-47 k €↓
2011
Annual accounts 2011217,8 k €↑
2010
Annual accounts 2010-42,2 k €
08/09/2009
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

ZEBULAH

Overview

What does ZEBULAH do?

Trend over 16 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