ACTIVE

ZN

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Financial year 2025 · closed on 31/12/2025
Net result
37,8 k €
+110.4% YoY
Gross margin
676,3 k €
+109.6% YoY
Equity
339,9 k €
+12.5% YoY
Workforce
6,1 ETP
-11.6% YoY

What does ZN do?

ZN is a Private limited company incorporated in 2003. Its registered office is in Ixelles. It employs on average 6,1 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0861.063.753
Incorporation
14/10/2003
Legal form
Private limited company
Registered office
Chaussée de Boondael 6
1050 Ixelles · BruxellesSee on map
Latest accounts
31/12/2025
Average workforce
6,1 ETP
Joint committees (2)
  • 200
  • 218
Contacts
1 public detail availableLog in to view
Signals
ProfitableGood liquidityPositive cashflowPositive EBITDAHealthy social debts
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 19 financial years

2025202420232022202120202019201820172015201420132012201120102009200820072006
Income statement
Gross margin676,3 k €322,7 k €1,2 M €858,7 k €1,2 M €1,1 M €1,2 M €1,1 M €1,5 M €849,2 k €1,6 M €1,5 M €1,1 M €667,2 k €507,7 k €453,9 k €393,2 k €263,5 k €263,3 k €
EBITDA97,6 k €-285,4 k €245,1 k €98,5 k €471,6 k €420 k €567,8 k €485,9 k €284,8 k €-390,7 k €26,5 k €414,6 k €259,2 k €71,6 k €40,3 k €150,5 k €154,4 k €21,6 k €30 k €
Operating result62,6 k €-344,4 k €157,8 k €56,5 k €434,9 k €382,9 k €519,9 k €438,2 k €209 k €-456,9 k €-38,1 k €364,5 k €222,3 k €29,9 k €32,2 k €145,3 k €146,4 k €13,7 k €17,3 k €
Net result37,8 k €-364,3 k €113 k €2,3 k €271,4 k €237,7 k €349,5 k €338,9 k €154,7 k €-483,1 k €-62 k €209,4 k €119,2 k €10,6 k €18,6 k €89,3 k €90,4 k €1,8 k €11,1 k €
Balance sheet
Equity339,9 k €302,1 k €666,4 k €553,5 k €551,2 k €279,8 k €621,5 k €272,1 k €-66,8 k €-301,5 k €181,6 k €243,6 k €106,2 k €59 k €88,5 k €149,9 k €160,6 k €70,2 k €68,4 k €
Total assets1,7 M €2 M €2,8 M €2,2 M €2,3 M €1,8 M €1,7 M €1,1 M €734,1 k €920,6 k €1,3 M €1,3 M €818,3 k €585,4 k €492,2 k €462,5 k €317,5 k €327,5 k €266,4 k €
Cash520,9 k €599,2 k €500,5 k €906,2 k €1,4 M €1,2 M €907,1 k €410 k €106,7 k €62,9 k €162,8 k €297 k €85,6 k €33 k €84,3 k €60,3 k €104,8 k €48,9 k €66,6 k €
Debts1,4 M €1,6 M €2 M €1,6 M €1,7 M €1,4 M €1 M €797,7 k €770,4 k €1,2 M €1,1 M €844,1 k €694,5 k €522,6 k €237,4 k €206,1 k €98,6 k €190,7 k €188,4 k €
Other
Workforce6,1 ETP6,9 ETP7,1 ETP10,8 ETP11,1 ETP11,5 ETP10,2 ETP11,3 ETP14,0 ETP21,3 ETP25,1 ETP18,5 ETP13,4 ETP11,0 ETP9,8 ETP6,9 ETP4,8 ETP5,3 ETP5,4 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 9 ended

Active mandates

Ramola VENGSARKAR

Director

Active
Zeitgeistnet

Director · 0466.149.138

Represented by Philip WEISS

Active

Ended mandates

Ramola VENGSARKAR

Director · since 29 janvier 2008

Ended
Ramola VENGSARKAR

Manager · since 29 janvier 2008

Ended
Ramola VENSARKAR

Manager · since 29 janvier 2008

Ended
Curandero

Manager · until 29 janvier 2008 · 0403.953.728

Represented by Cédric DAVID

Ended
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Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/07/202201/07/202101/07/202001/07/2019
Closing of the financial year31/12/202531/12/202431/12/202330/06/202230/06/202130/06/2020
Length of the financial year12 months12 months18 months12 months12 months12 months
Filing date09/07/202628/08/202531/08/202406/02/202324/02/202228/02/2021
General meeting30/06/202630/06/202507/06/202403/12/202204/12/202105/12/2020
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

19 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202530/06/202609/07/2026FrenchPDF
Abridged model31/12/202430/06/202528/08/2025FrenchPDF
Abridged model31/12/202307/06/202431/08/2024FrenchPDF
Abridged model30/06/202203/12/202206/02/2023FrenchPDF
Abridged model30/06/202104/12/202124/02/2022FrenchPDF
Abridged model30/06/202005/12/202028/02/2021FrenchPDF
Abridged model30/06/201907/12/201930/01/2020FrenchPDF
Abridged model30/06/201801/12/201814/12/2018FrenchPDF
Abridged model30/06/201713/11/201713/11/2017FrenchPDF
Abridged model31/12/201530/06/201628/07/2016FrenchPDF
Abridged model31/12/201430/06/201530/08/2015FrenchPDF
Abridged model31/12/201307/06/201407/07/2014FrenchPDF
Abridged model31/12/201230/08/201330/08/2013FrenchPDF
Abridged model31/12/201102/06/201226/08/2012FrenchPDF
Abridged model31/12/201004/06/201108/09/2011FrenchPDF
Abridged model31/12/200905/06/201029/07/2010FrenchPDF
Abridged model31/12/200806/06/200927/08/2009FrenchPDF
Abridged model31/12/200730/06/200807/08/2008FrenchPDF
Abridged model31/12/200602/06/200720/07/2007FrenchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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 · 2 active · 9 ended

Active mandates

Ramola VENGSARKAR

Director

Active
Zeitgeistnet

Director · 0466.149.138

Represented by Philip WEISS

Active

Ended mandates

Ramola VENGSARKAR

Director · since 29 janvier 2008

Ended
Ramola VENGSARKAR

Manager · since 29 janvier 2008

Ended
Ramola VENSARKAR

Manager · since 29 janvier 2008

Ended
Curandero

Manager · until 29 janvier 2008 · 0403.953.728

Represented by Cédric DAVID

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Other12/07/2023
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - ASSEMBLEE GENERALE - ANNEE COMPTABLE
    PDF
  • Other19/05/2020
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - MODIFICATION FORME JURIDIQUE - DIVERS
    PDF
  • Mandates09/11/2016
    CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …)
    PDF
  • Registered office09/09/2011
    SIEGE SOCIAL
    PDF
  • Mandates11/04/2008
    DEMISSIONS, NOMINATIONS
    PDF
  • Registered office02/02/2006
    SIEGE SOCIAL
    PDF
  • Registered office29/07/2005
    SIEGE SOCIAL
    PDF
  • Other22/10/2003
    RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
    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 202537,8 k €↑
  2. 2024
    Annual accounts 2024-364,3 k €↓
  3. 2023
    Annual accounts 2023113 k €↑
  4. 2022
    Annual accounts 20222,3 k €↓
  5. 2021
    Annual accounts 2021271,4 k €↑
  6. 2020
    Annual accounts 2020237,7 k €↓
  7. 2019
    Annual accounts 2019349,5 k €↑
  8. 2018
    Annual accounts 2018338,9 k €↑
  9. 2017
    Annual accounts 2017154,7 k €↑
  10. 2015
    Annual accounts 2015-483,1 k €↓
  11. 2014
    Annual accounts 2014-62 k €↓
  12. 2013
    Annual accounts 2013209,4 k €↑
  13. 2012
    Annual accounts 2012119,2 k €↑
  14. 2011
    Annual accounts 201110,6 k €↓
  15. 2010
    Annual accounts 201018,6 k €↓
  16. 2009
    Annual accounts 200989,3 k €↓
  17. 2008
    Annual accounts 200890,4 k €↑
  18. 2007
    Annual accounts 20071,8 k €↓
  19. 2006
    Annual accounts 200611,1 k €
  20. 14/10/2003
    IncorporationPrivate limited company