ACTIVE

ZAFFER RESEARCH and DEVELOPMENT

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Financial year 2025 · closed on 31/12/2025
Net result
-9,3 k €
-477.4% YoY
Gross margin
139,3 k €
+46.8% YoY
Equity
41,3 k €
-18.3% YoY

What does ZAFFER RESEARCH and DEVELOPMENT do?

ZAFFER RESEARCH and DEVELOPMENT is a Private limited company incorporated in 2010. Its main activity is: Wholesale of machinery for the textile industry and of sewing and knitting machines. Its registered office is in Zaventem.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0823.902.261
Incorporation
12/03/2010
Legal form
Private limited company
Registered office
Weiveldlaan 41
1930 Zaventem · FlandreSee on map
Contributed capital
22 000,00 €
Latest accounts
31/12/2025
Activities (NACE)
46643Wholesale of machinery for the textile industry and of sewing and knitting machines· main46693Wholesale of other machinery and equipment71121Engineering activities and related technical consultancy71121Engineering activities and related technical consultancy26110Manufacture of electronic components26110Manufacture of electronic components+8
Joint committees (3)
  • 111
  • 209
  • 218
Signals
Solid equityPositive cashflowPositive EBITDAHealthy social debts
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 15 financial years

202520242023202220212020201920182017201620152014201320122011
Income statement
Gross margin139,3 k €94,9 k €77,2 k €95,4 k €154,7 k €119,7 k €94,3 k €52,3 k €140,3 k €74,4 k €261,3 k €175,9 k €116,6 k €103,7 k €36,7 k €
EBITDA25,4 k €22,7 k €19,5 k €48,6 k €44,7 k €75,2 k €51,7 k €13,8 k €92,4 k €48,8 k €203,4 k €76,5 k €37,8 k €69,1 k €31 k €
Operating result-7,6 k €5,3 k €2,6 k €30,1 k €-354,7 €46,3 k €23,4 k €-14,3 k €43,4 k €-25,9 k €128,8 k €-4,3 k €-104,1 k €36,4 k €19,1 k €
Net result-9,3 k €2,5 k €-134,8 €19,5 k €-6 k €32,1 k €17,9 k €-18,4 k €38,8 k €-31,4 k €129,9 k €-7,5 k €-163 k €6,2 k €9,9 k €
Balance sheet
Equity41,3 k €50,5 k €48,1 k €48,2 k €28,7 k €34,7 k €2,5 k €-15,4 k €3 k €-35,8 k €-4,4 k €-134,3 k €-126,8 k €36,2 k €29,9 k €
Total assets129,1 k €111,8 k €75 k €111,7 k €78,7 k €153,8 k €126,8 k €129,1 k €126 k €173,4 k €335,9 k €367,8 k €464,1 k €692,9 k €304,7 k €
Cash8,5 k €16,4 k €1,6 k €58,6 k €8,9 k €1,3 k €1,8 k €4,4 k €12,8 k €9,9 k €6,1 k €345,4 €10,5 k €7 k €5,7 k €
Debts87,8 k €61,3 k €26,9 k €63,5 k €50 k €119,1 k €124,3 k €144,5 k €123 k €209,2 k €340,3 k €495,1 k €590,9 k €656,8 k €232,6 k €
Other
Workforce–––1,0 ETP–––––1,0 ETP1,2 ETP1,8 ETP2,0 ETP0,6 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 31/12/2025 · 1 active · 2 ended

Active mandates

MUZAFFER GULER

Director

Active

Ended mandates

Muzaffer Güler

Director · since 24 mars 2010

Ended
Muzaffer Güler

Manager · since 12 mars 2010

Ended
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ZAFFER BELGIUM● Active
0849.905.585
Annual accounts

Full financial information

202520242023202220212020
Type of accountMicro modelMicro modelMicro modelAbridged modelAbridged modelMicro model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/07/202001/07/2019
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202130/06/2020
Length of the financial year12 months12 months12 months12 months18 months12 months
Filing date10/07/202626/08/202516/07/202405/07/202331/08/202226/11/2020
General meeting29/05/202623/05/202524/05/202426/05/202327/05/202231/10/2020
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

15 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202529/05/202610/07/2026DutchPDF
Micro model31/12/202423/05/202526/08/2025DutchPDF
Micro model31/12/202324/05/202416/07/2024DutchPDF
Abridged model31/12/202226/05/202305/07/2023DutchPDF
Abridged model31/12/202127/05/202231/08/2022DutchPDF
Micro model30/06/202031/10/202026/11/2020DutchPDF
Micro model30/06/201925/10/201927/11/2019DutchPDF
Micro model30/06/201826/10/201817/07/2019DutchPDF
Micro model30/06/201727/10/201704/01/2018DutchPDF
Abridged model30/06/201628/10/201616/11/2016DutchPDF
Abridged model30/06/201526/10/201501/12/2015DutchPDF
Abridged model30/06/201426/10/201426/11/2015DutchPDF
Abridged model30/06/201326/10/201305/02/2014DutchPDF
Abridged model30/06/201226/10/201218/12/2012DutchPDF
Abridged model30/06/201128/10/201128/11/2011DutchPDF
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 31/12/2025 · 1 active · 2 ended

Active mandates

MUZAFFER GULER

Director

Active

Ended mandates

Muzaffer Güler

Director · since 24 mars 2010

Ended
Muzaffer Güler

Manager · since 12 mars 2010

Ended
Shareholders

Ownership and network

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Try for 7 days
Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates30/12/2020
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM - DIVERSEN - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - BOEKJAAR
    PDF
  • Other27/11/2012
    BENAMING - DOEL
    PDF
  • Registered office23/01/2012
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Other12/05/2010
    BENAMING - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Other24/03/2010
    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 2025-9,3 k €↓
  2. 2025
    Name changeZaffer Research and Development
  3. 2024
    Annual accounts 20242,5 k €↑
  4. 2023
    Annual accounts 2023-134,8 €↓
  5. 2022
    Annual accounts 202219,5 k €↑
  6. 2021
    Annual accounts 2021-6 k €↓
  7. 2021
    Name changeZAFFER R & D
  8. 2020
    Annual accounts 202032,1 k €↑
  9. 2019
    Annual accounts 201917,9 k €↑
  10. 2018
    Annual accounts 2018-18,4 k €↓
  11. 2017
    Annual accounts 201738,8 k €↑
  12. 2016
    Annual accounts 2016-31,4 k €↓
  13. 2015
    Annual accounts 2015129,9 k €↑
  14. 2014
    Annual accounts 2014-7,5 k €↑
  15. 2013
    Annual accounts 2013-163 k €↓
  16. 2012
    Annual accounts 20126,2 k €↓
  17. 2011
    Annual accounts 20119,9 k €
  18. 12/03/2010
    IncorporationPrivate limited company