ACTIVE

Zeelse Grond- en Kabelwerken

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Financial year 2025 · Closed on 30/09/2025

Net result
1,1 M €
+1 751,7 %over 1 year
Gross margin
3,1 M €
+135,2 %over 1 year
Equity
2 M €
+125,5 %over 1 year
Workforce
76,4 ETP
+308,6 %over 1 year

Identity

Source · BCE/KBO

Zeelse Grond- en Kabelwerken is a Private limited company incorporated in 2004. Its main activity is: Construction of utility projects for electricity and telecommunications. Its registered office is in Zele. It employs on average 76,4 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0863.743.923
Incorporation
01/03/2004
Legal form
Private limited company
Registered office
Touwslagerstraat 8
9240 Zele · FlandreSee on map
Contributed capital
18 600,00 €
Latest accounts
30/09/2025
Average workforce
76,4 ETP
Joint committees (3)
  • 124
  • 200
  • 218
Contacts
3 public details availableLog in to view
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 20 filings

Trend over 17 financial years

20252024202320222021
Income statement
Gross margin3,1 M €1,3 M €1,7 M €1,5 M €1,5 M €
EBITDA778,6 k €337,1 k €424,8 k €391,5 k €394,3 k €
Operating result461,8 k €103,5 k €155,6 k €102,3 k €167 k €
Net result1,1 M €60,5 k €97,2 k €60,3 k €88,7 k €
Balance sheet
Equity2 M €892,3 k €831,9 k €734,6 k €674,3 k €
Total assets5,3 M €3 M €2,9 M €2,5 M €2,7 M €
Cash549,6 k €32 k €247,4 k €36,9 k €65,4 k €
Debts3,1 M €2,1 M €2,1 M €1,7 M €2 M €
Other
Workforce76,4 ETP18,7 ETP23,4 ETP24,2 ETP25,3 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€
See the valuation

Board of directors

Source · NBB, accounts to 30/09/2025

1 active · 10 ended

Active mandates

VANHULLE

Bestuurder · since 03 octobre 2023 · 0455.109.350

Represented by Johan Vanhulle

Active

Ended mandates

VANHULLE

Administrateur · since 03 octobre 2023 · 0455.109.350

Represented by Johan Vanhulle

Ended
VANHULLE

Manager · since 01 juillet 2012 · 0455.109.350

Represented by Johan Vanhulle

Ended
VANHULLE

Director · since 01 juillet 2012 · 0455.109.350

Represented by Johan Vanhulle

Ended
VANHULLE

Manager · since 01 juillet 2012 · 0455.109.350

Represented by Johan Vanhulle

Ended

Other companies at this address

Touwslagerstraat 8 9240 Zele
CompanyCBE no.
VANHULLE● Active
0455.109.350

Full financial information

Source · NBB
202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/10/202401/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year30/09/202530/09/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months9 months12 months12 months12 months12 months
Filing date13/07/202630/09/202527/11/202519/06/202318/07/202209/07/2021
General meeting10/07/202626/09/202526/09/202516/06/202330/06/202230/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings
ModelClosingGeneral meetingFiledLanguageDocument
Abridged model30/09/202510/07/202613/07/2026DutchPDF
Abridged model30/09/202426/09/202530/09/2025FrenchPDF
Abridged modelCorrection31/12/202326/09/202527/11/2025FrenchPDF
Abridged model31/12/202321/06/202410/07/2024FrenchPDF
Abridged model31/12/202216/06/202319/06/2023FrenchPDF
Abridged model31/12/202130/06/202218/07/2022FrenchPDF
Abridged model31/12/202030/06/202109/07/2021FrenchPDF
Abridged model31/12/201919/06/202024/06/2020FrenchPDF
Abridged model31/12/201830/09/201921/10/2019FrenchPDF
Abridged model31/12/201730/06/201818/07/2018FrenchPDF
Abridged model31/12/201630/06/201731/07/2017FrenchPDF
Abridged model31/12/201530/06/201630/08/2016FrenchPDF
Abridged model30/06/201431/12/201415/01/2015FrenchPDF
Abridged model30/06/201320/12/201309/01/2014FrenchPDF
Abridged model30/06/201217/12/201221/12/2012FrenchPDF
Abridged model30/06/201131/12/201131/01/2012FrenchPDF
Abridged model30/06/201006/12/201022/12/2010FrenchPDF
Abridged model30/06/200923/10/200911/11/2009FrenchPDF
Abridged model30/06/200828/11/200821/12/2008FrenchPDF
Abridged model30/06/200726/10/200719/11/2007FrenchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 5 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.

Board of directors

Source · NBB, accounts to 30/09/2025

1 active · 10 ended

Active mandates

VANHULLE

Bestuurder · since 03 octobre 2023 · 0455.109.350

Represented by Johan Vanhulle

Active

Ended mandates

VANHULLE

Administrateur · since 03 octobre 2023 · 0455.109.350

Represented by Johan Vanhulle

Ended
VANHULLE

Manager · since 01 juillet 2012 · 0455.109.350

Represented by Johan Vanhulle

Ended
VANHULLE

Director · since 01 juillet 2012 · 0455.109.350

Represented by Johan Vanhulle

Ended
VANHULLE

Manager · since 01 juillet 2012 · 0455.109.350

Represented by Johan Vanhulle

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Restructuring05/12/2025
    BENAMING - DOEL - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Restructuring24/10/2025
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Restructuring24/10/2025
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Other19/09/2025
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Registered office17/09/2025
    SIEGE SOCIAL
    PDF
  • Mandates09/10/2024
    DEMISSIONS, NOMINATIONS
    PDF
  • Registered office19/09/2024
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - SIEGE SOCIAL - ASSEMBLEE GENERALE - ANNEE COMPTABLE
    PDF
  • Mandates23/10/2023
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
    PDF

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 20251,1 M €↑
  2. 2025
    Name changeZeelse Grond- en Kabelwerken
  3. 2024
    Annual accounts 202460,5 k €↓
  4. 2023
    Annual accounts 202397,2 k €↑
  5. 2022
    Annual accounts 202260,3 k €↓
  6. 2021
    Annual accounts 202188,7 k €↑
  7. 2021
    Name changeVhl Technics
  8. 2018
    Annual accounts 201859,1 k €↑
  9. 2017
    Annual accounts 20175,8 k €↑
  10. 2016
    Annual accounts 20162,4 k €↓
  11. 2015
    Annual accounts 20157,3 k €↓
  12. 2014
    Annual accounts 2014120,1 k €↑
  13. 2013
    Annual accounts 201364,9 k €↓
  14. 2012
    Annual accounts 201264,9 k €↑
  15. 2011
    Annual accounts 201152,8 k €↓
  16. 2010
    Annual accounts 201085 k €↑
  17. 2009
    Annual accounts 200916,4 k €↑
  18. 2008
    Annual accounts 2008-81,6 k €↓
  19. 2007
    Annual accounts 200766,8 k €
  20. 01/03/2004
    IncorporationPrivate limited company