ACTIVE

ZAMBEZI

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Financial year 2025 · closed on 30/09/2025

Net result

11,3 k €

+81.8% YoY

Gross margin

38,7 k €

+143.8% YoY

Equity

129,9 k €

-28.3% YoY

What does ZAMBEZI do?

ZAMBEZI is a Private limited company incorporated in 2004. Its registered office is in Antwerpen.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0863.356.022

Incorporation

11/02/2004

Legal form

Private limited company

Registered office

Marnixstraat 16 box 21
2060 Antwerpen · FlandreSee on map

Contributed capital

12 400,00 €

Latest accounts

30/09/2025

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2006
Income statement
Gross margin	38,7 k €	+144%	15,9 k €	-49.4%	31,4 k €	+17.7%	26,7 k €	-61.4%	69,2 k €	+10.2%	62,8 k €	-24.0%	82,6 k €	+45.3%	56,9 k €	-0.3%	57,1 k €	-43.6%	101,1 k €	+50.4%	67,2 k €	-16.7%	80,7 k €	+7.1%	75,4 k €	+40.1%	53,8 k €	+11.0%	48,5 k €	+37.1%	35,4 k €	-51.4%	72,8 k €	-49.1%	143 k €	+410%	28 k €
EBITDA	37,7 k €	+150%	15,1 k €	-49.5%	29,9 k €	+21.8%	24,5 k €	-63.4%	66,9 k €	+9.8%	61 k €	-24.5%	80,8 k €	+48.7%	54,3 k €	+0.6%	54 k €	-45.8%	99,6 k €	+53.3%	65 k €	-17.4%	78,7 k €	+7.6%	73,1 k €	+42.0%	51,5 k €	+8.9%	47,3 k €	+38.8%	34,1 k €	+6.7%	31,9 k €	-49.1%	62,8 k €	+172%	23,1 k €
Operating result	21,8 k €	+118%	10 k €	-58.8%	24,3 k €	+32.6%	18,3 k €	-69.8%	60,6 k €	+11.4%	54,4 k €	-19.8%	67,9 k €	+74.0%	39 k €	-4.8%	40,9 k €	-54.0%	89,1 k €	+63.6%	54,5 k €	-24.6%	72,2 k €	+8.7%	66,4 k €	+52.0%	43,7 k €	+47.6%	29,6 k €	+4.7%	28,3 k €	+17.1%	24,2 k €	-50.4%	48,8 k €	+151%	19,4 k €
Net result	11,3 k €	+81.8%	6,2 k €	-44.3%	11,1 k €	-1.7%	11,3 k €	-77.2%	49,7 k €	+102%	24,6 k €	-39.6%	40,7 k €	+81.1%	22,5 k €	-7.5%	24,3 k €	-52.4%	51,1 k €	+62.7%	31,4 k €	-28.6%	44 k €	+9.8%	40,1 k €	+55.2%	25,8 k €	+51.2%	17,1 k €	+2.4%	16,7 k €	+46.6%	11,4 k €	-53.5%	24,5 k €	+37.4%	17,8 k €
Balance sheet
Equity	129,9 k €	-28.3%	181,1 k €	+3.5%	174,9 k €	+6.8%	163,7 k €	-13.7%	189,8 k €	+35.5%	140,1 k €	+21.3%	115,5 k €	+54.4%	74,8 k €	+42.9%	52,4 k €	+0.5%	52,1 k €	+254%	14,7 k €	+2.7%	14,3 k €	-29.6%	20,3 k €	-32.9%	30,3 k €	-23.3%	39,5 k €	-1.5%	40 k €	+90.9%	21 k €	-32.6%	31,1 k €	+369%	6,6 k €
Total assets	203,8 k €	+6.3%	191,7 k €	-2.5%	196,6 k €	+6.8%	184 k €	-14.0%	214 k €	+18.7%	180,4 k €	+11.2%	162,2 k €	+14.1%	142,1 k €	+1.6%	139,9 k €	-9.8%	155,1 k €	+29.2%	120 k €	-10.1%	133,5 k €	+10.5%	120,8 k €	-2.9%	124,4 k €	+5.9%	117,5 k €	+144%	48,1 k €	-30.5%	69,1 k €	+3.0%	67,1 k €	+156%	26,2 k €
Cash	192,7 k €	+14.1%	169 k €	-1.4%	171,3 k €	+15.6%	148,2 k €	-10.2%	165,2 k €	+16.5%	141,7 k €	+17.1%	121,1 k €	+30.7%	92,6 k €	+14.5%	80,9 k €	-8.0%	88 k €	+96.8%	44,7 k €	-37.9%	72 k €	+45.4%	49,5 k €	+21.3%	40,8 k €	+26.2%	32,3 k €	+105%	15,8 k €	-19.7%	19,7 k €	-34.3%	30 k €	+196%	10,1 k €
Debts	73,3 k €	+590%	10,6 k €	-51.1%	21,8 k €	+7.1%	20,3 k €	-16.3%	24,3 k €	-39.8%	40,3 k €	-13.7%	46,7 k €	-29.6%	66,4 k €	-23.3%	86,6 k €	-15.2%	102,1 k €	-2.4%	104,6 k €	-11.8%	118,5 k €	+18.9%	99,7 k €	+6.8%	93,4 k €	+22.7%	76,1 k €	+947%	7,3 k €	-84.7%	47,4 k €	+31.7%	36 k €	+83.8%	19,6 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		0,4 ETP	-50.0%	0,8 ETP	+60.0%	0,5 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 30/09/2025 · 1 active · 2 ended

Active mandates

Stefan Van Marcke

Director

Active

Ended mandates

Stefan Van Marcke

Director · since 10 février 2004

Ended

Stefan Van Marcke

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
CODELINKS● Active	1007.605.910
Fanikio● Active	0846.636.982
V.M.E. MARNIXSTRAAT 16● Active	0850.459.376

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/10/2024	01/10/2023	01/10/2022	01/10/2021	01/10/2020	01/10/2019
Closing of the financial year	30/09/2025	30/09/2024	30/09/2023	30/09/2022	30/09/2021	30/09/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	23/04/2026	12/02/2025	31/03/2024	27/04/2023	28/03/2022	29/03/2021
General meeting	16/12/2025	17/12/2024	19/12/2023	17/02/2023	21/12/2021	23/02/2021
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	30/09/2025	16/12/2025	23/04/2026	Dutch	PDF
Micro model	30/09/2024	17/12/2024	12/02/2025	Dutch	PDF
Micro model	30/09/2023	19/12/2023	31/03/2024	Dutch	PDF
Micro model	30/09/2022	17/02/2023	27/04/2023	Dutch	PDF
Micro model	30/09/2021	21/12/2021	28/03/2022	Dutch	PDF
Micro model	30/09/2020	23/02/2021	29/03/2021	Dutch	PDF
Micro model	30/09/2019	17/12/2019	28/02/2020	Dutch	PDF
Micro model	30/09/2018	18/12/2018	14/01/2019	Dutch	PDF
Micro model	30/09/2017	19/12/2017	20/03/2018	Dutch	PDF
Abridged model	30/09/2016	20/12/2016	02/02/2017	Dutch	PDF
Abridged model	30/09/2015	15/12/2015	03/05/2016	Dutch	PDF
Abridged model	30/09/2014	16/12/2014	20/04/2015	Dutch	PDF
Abridged model	30/09/2013	17/03/2014	17/03/2014	Dutch	PDF
Abridged model	30/09/2012	18/12/2012	09/04/2013	Dutch	PDF
Abridged model	30/09/2011	20/12/2011	21/12/2011	Dutch	PDF
Abridged model	30/09/2010	21/12/2010	26/01/2011	Dutch	PDF
Abridged model	30/09/2009	17/03/2010	21/04/2010	Dutch	PDF
Abridged model	30/09/2008	16/12/2008	26/02/2009	Dutch	PDF
Abridged model	31/12/2006	05/05/2007	22/06/2007	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 30/09/2025 · 1 active · 2 ended

Active mandates

Stefan Van Marcke

Director

Active

Ended mandates

Stefan Van Marcke

Director · since 10 février 2004

Ended

Stefan Van Marcke

Manager

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates29/05/2020
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Registered office06/06/2018
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - MAATSCHAPPELIJKE ZETEL - DIVERSEN - DOEL
PDF
Registered office04/09/2017
MAATSCHAPPELIJKE ZETEL
PDF
Capital / shares21/12/2007
BOEKJAAR - ALGEMENE VERGADERING - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Other18/02/2004
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

2025
Annual accounts 202511,3 k €↑
2024
Annual accounts 20246,2 k €↓
2023
Annual accounts 202311,1 k €↓
2022
Annual accounts 202211,3 k €↓
2021
Annual accounts 202149,7 k €↑
2020
Annual accounts 202024,6 k €↓
2019
Annual accounts 201940,7 k €↑
2018
Annual accounts 201822,5 k €↓
2017
Annual accounts 201724,3 k €↓
2016
Annual accounts 201651,1 k €↑
2015
Annual accounts 201531,4 k €↓
2014
Annual accounts 201444 k €↑
2013
Annual accounts 201340,1 k €↑
2012
Annual accounts 201225,8 k €↑
2011
Annual accounts 201117,1 k €↑
2010
Annual accounts 201016,7 k €↑
2009
Annual accounts 200911,4 k €↓
2008
Annual accounts 200824,5 k €↑
2006
Annual accounts 200617,8 k €
11/02/2004
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

ZAMBEZI

Overview

What does ZAMBEZI do?

Trend over 19 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