ACTIVE

Z-KRACHT

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Financial year 2025 · closed on 31/12/2025

Net result

4,3 M €

-76.5% YoY

Equity

124,6 M €

+4.3% YoY

What does Z-KRACHT do?

Z-KRACHT is a Public limited company incorporated in 2011. Its registered office is in Hasselt.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0832.420.049

Incorporation

04/01/2011

Legal form

Public limited company

Registered office

Herkenrodesingel 14
3500 Hasselt · FlandreSee on map

Contributed capital

92 027 990,81 €

Latest accounts

31/12/2025

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflow

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 15 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011
Income statement
EBITDA	-149,1 k €	-7.8%	-138,3 k €	+9.8%	-153,3 k €	-13.1%	-135,6 k €	+50.0%	-271,3 k €	-35.2%	-200,7 k €	-167%	-75,3 k €	+12.6%	-86,1 k €	+44.6%	-155,4 k €	+4.9%	-163,4 k €	-133%	-70,3 k €	-5.4%	-66,7 k €	+17.0%	-80,4 k €	-71.6%	-46,8 k €	+45.7%	-86,2 k €
Operating result	-150,4 k €	-8.7%	-138,3 k €	+9.8%	-153,3 k €	-13.1%	-135,6 k €	+50.0%	-271,3 k €	-35.2%	-200,7 k €	-167%	-75,3 k €	+12.6%	-86,1 k €	+44.6%	-155,4 k €	+4.9%	-163,4 k €	-133%	-70,3 k €	-5.4%	-66,7 k €	+17.0%	-80,4 k €	-71.6%	-46,8 k €	+45.7%	-86,2 k €
Net result	4,3 M €	-76.5%	18,4 M €	+35.2%	13,6 M €	+76.1%	7,7 M €	+24.4%	6,2 M €	-30.3%	8,9 M €	+122%	4 M €	+270%	1,1 M €	-14.4%	1,3 M €	-22.9%	1,6 M €	-17.4%	2 M €	-10.3%	2,2 M €	+2.6%	2,2 M €	+4.0%	2,1 M €	+7681%	-27,4 k €
Balance sheet
Equity	124,6 M €	+4.3%	119,4 M €	-2.9%	123,1 M €	+11.4%	110,4 M €	-2.3%	113,1 M €	-7.9%	122,8 M €	+1.6%	120,9 M €	+17.4%	102,9 M €	-3.7%	106,8 M €	+0.1%	106,8 M €	+0.1%	106,6 M €	+0.2%	106,4 M €	+0.2%	106,2 M €	+7.2%	99,1 M €	+280%	26,1 M €
Total assets	129 M €	-5.9%	137 M €	-5.8%	145,4 M €	+15.1%	126,3 M €	+0.4%	125,8 M €	-8.1%	137 M €	+7.2%	127,8 M €	+1.8%	125,6 M €	+0.9%	124,4 M €	-0.0%	124,4 M €	+14.2%	108,9 M €	+0.4%	108,5 M €	+2.1%	106,3 M €	+7.2%	99,2 M €	-5.6%	105,1 M €
Cash	3,4 M €	-0.9%	3,4 M €	+134%	1,5 M €	-95.5%	32,6 M €	+53.6%	21,2 M €	-10.9%	23,8 M €	+45.8%	16,3 M €	-1.7%	16,6 M €	-32.4%	24,6 M €	+11.0%	22,1 M €	-10.0%	24,6 M €	+98.2%	12,4 M €	-36.7%	19,6 M €	+76.3%	11,1 M €	+4692%	231,7 k €
Debts	4,3 M €	-75.3%	17,5 M €	-21.3%	22,3 M €	+40.3%	15,9 M €	+24.5%	12,7 M €	-10.3%	14,2 M €	+105%	6,9 M €	-69.4%	22,7 M €	+28.9%	17,6 M €	-0.4%	17,7 M €	+666%	2,3 M €	+12.3%	2,1 M €	+2989%	66,5 k €	-24.9%	88,5 k €	-99.9%	78,9 M €

Estimate

Indicative valuation

As an indication, this company is worth

between 100 M€ and 250 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 9 active · 77 ended

Active mandates

Kristof Pillaert

Director · since 01 janvier 2026 · until 29 avril 2026

Active

Kristof Bossuyt

Director · since 27 juin 2025 · until 29 avril 2026

Active

David De Brabant

Director · since 30 avril 2025 · until 30 avril 2031

Active

Guy Dumst

Director · since 30 avril 2025 · until 30 avril 2031

Active

Habib El Quakili

Director · since 30 avril 2025 · until 30 avril 2031

Active

Jan Valgaeren

Director · since 30 avril 2025 · until 30 avril 2031

Active

Kevin Defieuw

Director · since 30 avril 2025 · until 30 avril 2031

Active

Mark Vanleeuw

Chairman of the board of directors · since 30 avril 2025 · until 30 avril 2031

Active

Raf Drieskens

Director · since 30 avril 2025 · until 30 avril 2031

Active

Ended mandates

Willy Claes

Director · since 24 avril 2024 · until 30 avril 2025

Ended

André Vautmans

Director · since 26 avril 2023 · until 31 décembre 2024

Ended

André Vautmans

Director · since 26 avril 2023 · until 30 avril 2025

Ended

David De Brabant

Director · since 26 avril 2023 · until 30 avril 2025

Ended

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Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	11/05/2026	26/05/2025	13/05/2024	15/05/2023	30/06/2022	21/05/2021
General meeting	29/04/2026	30/04/2025	24/04/2024	26/04/2023	27/04/2022	28/04/2021
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

18 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	29/04/2026	11/05/2026	Dutch	PDF
Consolidated accounts	31/12/2025	29/04/2026	11/05/2026	Dutch	PDF
Full model	31/12/2024	30/04/2025	26/05/2025	Dutch	PDF
Consolidated accounts	31/12/2024	30/04/2025	26/05/2025	Dutch	PDF
Full model	31/12/2023	24/04/2024	13/05/2024	Dutch	PDF
Full model	31/12/2022	26/04/2023	15/05/2023	Dutch	PDF
Full modelCorrection	31/12/2021	27/04/2022	30/06/2022	Dutch	PDF
Full model	31/12/2021	27/04/2022	04/05/2022	Dutch	PDF
Full model	31/12/2020	28/04/2021	21/05/2021	Dutch	PDF
Full model	31/12/2019	29/04/2020	25/05/2020	Dutch	PDF
Full model	31/12/2018	24/04/2019	21/05/2019	Dutch	PDF
Full model	31/12/2017	25/04/2018	09/05/2018	Dutch	PDF
Full model	31/12/2016	26/04/2017	01/06/2017	Dutch	PDF
Full model	31/12/2015	27/04/2016	28/06/2016	Dutch	PDF
Full model	31/12/2014	29/04/2015	30/06/2015	Dutch	PDF
Full model	31/12/2013	30/05/2014	30/06/2014	Dutch	PDF
Full model	31/12/2012	31/05/2013	18/06/2013	Dutch	PDF
Full model	31/12/2011	25/04/2012	21/05/2012	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 M€ and 250 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 31/12/2025 · 9 active · 77 ended

Active mandates

Kristof Pillaert

Director · since 01 janvier 2026 · until 29 avril 2026

Active

Kristof Bossuyt

Director · since 27 juin 2025 · until 29 avril 2026

Active

David De Brabant

Director · since 30 avril 2025 · until 30 avril 2031

Active

Guy Dumst

Director · since 30 avril 2025 · until 30 avril 2031

Active

Habib El Quakili

Director · since 30 avril 2025 · until 30 avril 2031

Active

Jan Valgaeren

Director · since 30 avril 2025 · until 30 avril 2031

Active

Kevin Defieuw

Director · since 30 avril 2025 · until 30 avril 2031

Active

Mark Vanleeuw

Chairman of the board of directors · since 30 avril 2025 · until 30 avril 2031

Active

Raf Drieskens

Director · since 30 avril 2025 · until 30 avril 2031

Active

Ended mandates

Willy Claes

Director · since 24 avril 2024 · until 30 avril 2025

Ended

André Vautmans

Director · since 26 avril 2023 · until 31 décembre 2024

Ended

André Vautmans

Director · since 26 avril 2023 · until 30 avril 2025

Ended

David De Brabant

Director · since 26 avril 2023 · until 30 avril 2025

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates18/08/2026
Benoemingen
PDF
Mandates17/12/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates05/03/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates17/07/2024
ONTSLAGEN - BENOEMINGEN
PDF
Registered office25/10/2023
MAATSCHAPPELIJKE ZETEL
PDF
Mandates23/06/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates10/10/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates22/04/2022
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

2025
Annual accounts 20254,3 M €↓
27/06/2025
nominationKristof Bossuyt — bestuurder
30/04/2025
nominationMark Vanleeuw — bestuurder
30/04/2025
nominationJan Valgaeren — bestuurder
30/04/2025
nominationRaf Drieskens — bestuurder
30/04/2025
nominationHabib El Ouakili — bestuurder
30/04/2025
nominationToon Vancoillie — bestuurder
30/04/2025
nominationKevin Defieuw — bestuurder
30/04/2025
nominationDavid De Brabant — bestuurder
30/04/2025
nominationGuy Dumst — bestuurder
21/03/2025
nominationMark Vanleeuw — bestuurder
2024
Annual accounts 202418,4 M €↑
24/04/2024
nominationWilly Claes — bestuurder
2023
Annual accounts 202313,6 M €↑
26/04/2023
nominationJan Valgaeren — bestuurder
26/04/2023
nominationAndré Vautmans — bestuurder
26/04/2023
nominationDavid De Brabant — bestuurder
26/04/2023
reconductionMoore Bedrijfsrevisoren — commissaris
2022
Annual accounts 20227,7 M €↑
27/04/2022
nominationJan Valgaeren — bestuurder
27/04/2022
nominationMarc Schepers — bestuurder “A”
27/04/2022
reconductionToon Vancoillie — bestuurder “B”
25/03/2022
nominationJan Valgaeren — bestuurder (A)
2021
Annual accounts 20216,2 M €↓
2020
Annual accounts 20208,9 M €↑
2019
Annual accounts 20194 M €↑
2018
Annual accounts 20181,1 M €↓
2017
Annual accounts 20171,3 M €↓
2016
Annual accounts 20161,6 M €↓
2015
Annual accounts 20152 M €↓
2014
Annual accounts 20142,2 M €↑
2013
Annual accounts 20132,2 M €↑
2012
Annual accounts 20122,1 M €↑
2011
Annual accounts 2011-27,4 k €
04/01/2011
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

Z-KRACHT

Overview

What does Z-KRACHT do?

Trend over 15 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