ACTIVE

ZARZA

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Financial year 2026 · closed on 31/03/2026

Net result

20,8 k €

+274.2% YoY

Gross margin

253,1 k €

+8.4% YoY

Equity

138,4 k €

+0.6% YoY

Workforce

4,6 ETP

-2.1% YoY

What does ZARZA do?

ZARZA is a Private limited company incorporated in 2003. Its main activity is: Camping grounds, recreational vehicle parks and trailer parks. Its registered office is in Leuven. It employs on average 4,6 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0859.696.647

Incorporation

18/07/2003

Legal form

Private limited company

Registered office

Bondgenotenlaan 92
3000 Leuven · FlandreSee on map

Contributed capital

18 600,00 €

Latest accounts

31/03/2026

Average workforce

4,6 ETP

Activities (NACE)

55301Camping grounds, recreational vehicle parks and trailer parks· main 56101Restaurants and mobile food service activities 56111Restaurants and mobile food service activities 55302Camping grounds, recreational vehicle parks and trailer parks 56102Restaurants and mobile food service activities 56112Restaurants and mobile food service activities

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2026		2025		2024		2023		2022		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	253,1 k €	+8.4%	233,4 k €	+0.4%	232,4 k €	+2.9%	225,9 k €	-6.8%	242,4 k €	-28.0%	336,6 k €	-16.5%	403,2 k €	-2.1%	411,9 k €	+2.3%	402,5 k €	+18.6%	339,3 k €	+7.1%	316,9 k €	-6.6%	339,4 k €	+10.5%	307,2 k €	+28.6%	238,9 k €	-3.5%	247,6 k €	+11.7%	221,8 k €	-3.7%	230,4 k €	+6.7%	216 k €	+0.7%	214,4 k €
EBITDA	45,2 k €	+42.0%	31,9 k €	-24.7%	42,3 k €	+0.7%	42 k €	-54.5%	92,3 k €	+51.1%	61,1 k €	+19.4%	51,2 k €	-23.6%	67 k €	+3.3%	64,9 k €	+1355%	4,5 k €	+119%	-23,3 k €	-271%	13,7 k €	-20.0%	17,1 k €	-61.3%	44,1 k €	-51.8%	91,6 k €	+50.6%	60,8 k €	-31.8%	89,2 k €	+14.2%	78,1 k €	+5.9%	73,7 k €
Operating result	25,5 k €	+113%	11,9 k €	+9.9%	10,9 k €	-2.8%	11,2 k €	-80.5%	57,3 k €	+106%	27,8 k €	+83.8%	15,1 k €	-56.7%	34,9 k €	-31.6%	51,1 k €	+694%	-8,6 k €	+79.4%	-41,7 k €	-265%	-11,4 k €	-20.5%	-9,5 k €	-153%	17,9 k €	-71.8%	63,2 k €	+85.3%	34,1 k €	-15.6%	40,5 k €	+29.7%	31,2 k €	+58.3%	19,7 k €
Net result	20,8 k €	+274%	5,6 k €	+25.5%	4,4 k €	-34.8%	6,8 k €	-87.1%	52,6 k €	+202%	17,4 k €	+199%	5,8 k €	-66.8%	17,5 k €	-49.4%	34,7 k €	+372%	-12,7 k €	+70.3%	-42,8 k €	-156%	-16,7 k €	-13.5%	-14,7 k €	-207%	13,8 k €	-59.9%	34,3 k €	+140%	14,3 k €	-23.4%	18,6 k €	+227%	5,7 k €	-70.0%	18,9 k €
Balance sheet
Equity	138,4 k €	+0.6%	137,5 k €	+4.2%	132 k €	-10.5%	147,5 k €	-2.1%	150,7 k €	+74.0%	86,6 k €	+25.2%	69,2 k €	+9.2%	63,4 k €	+38.3%	45,8 k €	+310%	11,2 k €	-53.2%	23,9 k €	-64.2%	66,7 k €	-20.1%	83,4 k €	-15.0%	98,2 k €	+16.3%	84,4 k €	+36.4%	61,9 k €	+29.9%	47,6 k €	+64.2%	29 k €	+24.4%	23,3 k €
Total assets	245,9 k €	+15.8%	212,3 k €	-18.6%	260,7 k €	-2.8%	268,3 k €	+6.7%	251,4 k €	-2.9%	259 k €	+11.9%	231,4 k €	+0.7%	229,9 k €	+20.7%	190,5 k €	+0.3%	190 k €	+3.7%	183,3 k €	-6.6%	196,1 k €	-17.0%	236,3 k €	-18.6%	290,2 k €	-9.5%	320,6 k €	-1.2%	324,6 k €	-8.5%	354,6 k €	-10.8%	397,7 k €	-6.4%	425,1 k €
Cash	148,5 k €	+55.9%	95,3 k €	-29.0%	134,2 k €	+6.6%	125,9 k €	+6.6%	118,1 k €	+176%	42,8 k €	+101%	21,3 k €	-34.7%	32,6 k €	-7.1%	35,1 k €	+161%	13,5 k €	+0.4%	13,4 k €	+38.3%	9,7 k €	-56.4%	22,3 k €	-53.3%	47,7 k €	-52.9%	101,4 k €	+4.0%	97,4 k €	-7.8%	105,6 k €	-10.5%	118,1 k €	+22.0%	96,8 k €
Debts	107,3 k €	+45.5%	73,7 k €	-42.8%	128,8 k €	+6.6%	120,8 k €	+20.0%	100,6 k €	-41.6%	172,3 k €	+6.3%	162,1 k €	-2.7%	166,6 k €	+15.1%	144,7 k €	-18.9%	178,5 k €	+12.0%	159,4 k €	+56.3%	102 k €	-33.3%	152,8 k €	-20.4%	192,1 k €	-18.7%	236,2 k €	-10.1%	262,7 k €	-12.0%	298,7 k €	-16.2%	356,4 k €	-11.2%	401,6 k €
Other
Workforce	4,6 ETP	-2.1%	4,7 ETP	+11.9%	4,2 ETP	-20.8%	5,3 ETP	-1.9%	5,4 ETP	-40.7%	9,1 ETP		–		9,3 ETP	-1.1%	9,4 ETP	+9.3%	8,6 ETP	+4.9%	8,2 ETP	-1.2%	8,3 ETP	0.0%	8,3 ETP	+33.9%	6,2 ETP	+14.8%	5,4 ETP	-3.6%	5,6 ETP	+21.7%	4,6 ETP	+12.2%	4,1 ETP	-19.6%	5,1 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/03/2026 · 2 active · 6 ended

Active mandates

Francis Lelieveld

Director

Active

Gert Cordemans

Director · 0629.840.497

Represented by Gert CORDEMANS

Active

Ended mandates

Gert Cordemans

Manager · since 01 avril 2019

Ended

Ives Van den Eeckhoudt

Manager · since 02 mai 2011

Ended

Brigitte Turloot

Manager · since 04 juillet 2003

Ended

Gert Cordemans

Director · 0629.840.497

Represented by Gert CORDEMANS

Ended

Annual accounts

Full financial information

	2026	2025	2024	2023	2022	2021
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/04/2025	01/04/2024	01/04/2023	01/04/2022	01/04/2021	01/04/2020
Closing of the financial year	31/03/2026	31/03/2025	31/03/2024	31/03/2023	31/03/2022	31/03/2021
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	16/09/2026	09/10/2025	17/07/2024	29/09/2023	20/09/2022	27/09/2021
General meeting	07/09/2026	15/09/2025	08/07/2024	04/09/2023	05/09/2022	06/09/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/03/2026	07/09/2026	16/09/2026	Dutch	PDF
Abridged model	31/03/2025	15/09/2025	09/10/2025	Dutch	PDF
Abridged model	31/03/2024	08/07/2024	17/07/2024	Dutch	PDF
Abridged model	31/03/2023	04/09/2023	29/09/2023	Dutch	PDF
Abridged model	31/03/2022	05/09/2022	20/09/2022	Dutch	PDF
Abridged model	31/03/2021	06/09/2021	27/09/2021	Dutch	PDF
Abridged model	31/03/2020	07/09/2020	07/10/2020	Dutch	PDF
Abridged model	31/03/2019	02/09/2019	25/09/2019	Dutch	PDF
Abridged model	31/03/2018	03/09/2018	02/10/2018	Dutch	PDF
Abridged model	31/03/2017	30/09/2017	27/10/2017	Dutch	PDF
Abridged model	31/03/2016	05/09/2016	30/09/2016	Dutch	PDF
Abridged model	31/03/2015	30/09/2015	16/10/2015	Dutch	PDF
Abridged model	31/03/2014	31/10/2014	26/11/2014	Dutch	PDF
Abridged model	31/03/2013	25/10/2013	27/11/2013	Dutch	PDF
Abridged model	31/03/2012	03/09/2012	26/09/2012	Dutch	PDF
Abridged model	31/03/2011	28/04/2011	29/04/2011	Dutch	PDF
Abridged model	31/03/2010	06/09/2010	07/09/2010	Dutch	PDF
Abridged model	31/03/2009	09/06/2009	10/06/2009	Dutch	PDF
Abridged model	31/03/2008	01/09/2008	17/09/2008	Dutch	PDF
Abridged model	31/03/2007	09/11/2007	27/11/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 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 31/03/2026 · 2 active · 6 ended

Active mandates

Francis Lelieveld

Director

Active

Gert Cordemans

Director · 0629.840.497

Represented by Gert CORDEMANS

Active

Ended mandates

Gert Cordemans

Manager · since 01 avril 2019

Ended

Ives Van den Eeckhoudt

Manager · since 02 mai 2011

Ended

Brigitte Turloot

Manager · since 04 juillet 2003

Ended

Gert Cordemans

Director · 0629.840.497

Represented by Gert CORDEMANS

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates17/10/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - DOEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates26/01/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates21/09/2020
ONTSLAGEN - BENOEMINGEN - WIJZIGING RECHTSVORM
PDF
Mandates18/04/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates13/05/2011
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares03/01/2005
BOEKJAAR - ALGEMENE VERGADERING - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Other28/07/2003
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

2026
Annual accounts 202620,8 k €↑
2025
Annual accounts 20255,6 k €↑
2024
Annual accounts 20244,4 k €↓
2023
Annual accounts 20236,8 k €↓
2022
Annual accounts 202252,6 k €↑
2020
Annual accounts 202017,4 k €↑
2019
Annual accounts 20195,8 k €↓
2018
Annual accounts 201817,5 k €↓
2017
Annual accounts 201734,7 k €↑
2016
Annual accounts 2016-12,7 k €↑
2015
Annual accounts 2015-42,8 k €↓
2014
Annual accounts 2014-16,7 k €↓
2013
Annual accounts 2013-14,7 k €↓
2012
Annual accounts 201213,8 k €↓
2011
Annual accounts 201134,3 k €↑
2010
Annual accounts 201014,3 k €↓
2009
Annual accounts 200918,6 k €↑
2008
Annual accounts 20085,7 k €↓
2007
Annual accounts 200718,9 k €
18/07/2003
IncorporationPrivate 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

ZARZA

Overview

What does ZARZA do?

Trend over 19 financial years

Indicative valuation

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