NORMAL SITUATION

ZAFF OPTICAL

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Financial year 2025 · closed on 31/12/2025

Net result

155,2 k €

+40.4% YoY

Gross margin

573,8 k €

-6.9% YoY

Equity

1,1 M €

+16.9% YoY

Workforce

7,3 ETP

Company — Normal situation.

Strike-off: 28 août 2026

What does ZAFF OPTICAL do?

ZAFF OPTICAL is a Private limited company incorporated in 2004. It employs on average 7,3 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0864.269.208

Incorporation

24/03/2004

Legal form

Private limited company

Contributed capital

24 534,12 €

Latest accounts

31/12/2025

Average workforce

7,3 ETP

Joint committees (2)

Signals

ProfitableSolid equityGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	573,8 k €	-6.9%	616,6 k €	+15.9%	532 k €	-9.8%	589,5 k €	+7.1%	550,5 k €	+47.5%	373,4 k €	-19.4%	463,5 k €	-11.2%	522 k €	+10.9%	470,7 k €	+10.5%	425,9 k €	+9.3%	389,5 k €	+40.7%	276,8 k €	+63.2%	169,6 k €	+32.3%	128,2 k €	+3.5%	123,8 k €	-34.2%	188,2 k €	-13.5%	217,6 k €	+11.4%	195,4 k €	-10.8%	219,1 k €	+14.2%	191,9 k €
EBITDA	191,5 k €	-3.1%	197,6 k €	-28.6%	276,5 k €	-37.6%	443,4 k €	+8.2%	409,8 k €	+44.2%	284,3 k €	-14.7%	333,1 k €	-3.4%	344,9 k €	+14.7%	300,6 k €	+18.4%	253,9 k €	+20.7%	210,4 k €	+53.4%	137,1 k €	+96.8%	69,7 k €	+133%	29,9 k €	+14.3%	26,2 k €	-70.9%	90 k €	-34.9%	138,2 k €	+34.2%	103 k €	+29.8%	79,4 k €	-44.5%	143,1 k €
Operating result	188,9 k €	-1.6%	191,9 k €	-22.7%	248,1 k €	-40.2%	414,6 k €	+11.9%	370,7 k €	+50.3%	246,6 k €	-14.7%	289,1 k €	-3.4%	299,3 k €	+15.4%	259,4 k €	+26.7%	204,8 k €	+46.3%	140 k €	+119%	63,8 k €	+11.9%	57 k €	+77437%	-73,7 €	+99.6%	-18,1 k €	-138%	47,3 k €	-50.5%	95,6 k €	+39.0%	68,8 k €	+22.3%	56,2 k €	-53.0%	119,6 k €
Net result	155,2 k €	+40.4%	110,5 k €	-38.6%	179,9 k €	-38.2%	291,1 k €	+11.9%	260,2 k €	+48.3%	175,4 k €	-10.9%	197 k €	-1.9%	200,9 k €	+17.7%	170,7 k €	+37.6%	124,1 k €	+49.2%	83,2 k €	+101%	41,3 k €	-25.0%	55,1 k €	+7877%	690,7 €	+105%	-14,5 k €	-135%	41,8 k €	-41.9%	72,1 k €	+37.0%	52,6 k €	+22.4%	43 k €	-51.4%	88,4 k €
Balance sheet
Equity	1,1 M €	+16.9%	916 k €	-32.4%	1,4 M €	+15.3%	1,2 M €	-12.5%	1,3 M €	+11.3%	1,2 M €	+17.0%	1 M €	+23.6%	835 k €	+31.3%	636,1 k €	+36.7%	465,4 k €	+36.4%	341,3 k €	+32.2%	258,2 k €	+19.1%	216,8 k €	+34.1%	161,7 k €	+0.4%	161 k €	-60.8%	410,9 k €	+11.3%	369 k €	+24.3%	297 k €	+21.5%	244,4 k €	+21.4%	201,4 k €
Total assets	1,3 M €	+16.3%	1,1 M €	-33.6%	1,6 M €	+17.8%	1,4 M €	-5.6%	1,5 M €	+2.8%	1,4 M €	+14.2%	1,3 M €	+16.4%	1,1 M €	+13.7%	950,6 k €	+23.8%	768 k €	+8.4%	708,1 k €	+12.4%	629,9 k €	+107%	304,3 k €	-42.2%	526,5 k €	+0.1%	525,8 k €	-8.7%	575,6 k €	+6.1%	542,8 k €	+14.7%	473,2 k €	+6.1%	445,9 k €	+11.5%	399,8 k €
Cash	93,1 k €	+84.1%	50,6 k €	-91.6%	598,7 k €	+303%	148,4 k €	-80.5%	761,5 k €	-27.0%	1 M €	+22.7%	850,5 k €	+22.5%	694,3 k €	+37.1%	506,5 k €	+76.5%	286,9 k €	+92.1%	149,4 k €	+479%	25,8 k €	-70.4%	87,3 k €	-11.2%	98,3 k €	+416%	19,1 k €	+173%	7 k €	-81.1%	37 k €	-63.0%	99,9 k €	+29.4%	77,2 k €	-33.2%	115,5 k €
Debts	193,5 k €	+10.7%	174,7 k €	-38.9%	286,2 k €	+31.2%	218,1 k €	+65.1%	132,1 k €	-38.6%	215,3 k €	-0.0%	215,3 k €	-9.8%	238,7 k €	-23.3%	311,1 k €	+4.0%	299,2 k €	-18.4%	366,8 k €	-1.3%	371,7 k €	+325%	87,4 k €	-75.7%	360,3 k €	-0.1%	360,6 k €	+123%	161,8 k €	-3.9%	168,4 k €	-2.9%	173,4 k €	-12.3%	197,7 k €	+0.1%	197,4 k €
Other
Workforce	7,3 ETP		–		–		5,3 ETP	+6.0%	5,0 ETP	+11.1%	4,5 ETP	-2.2%	4,6 ETP	-13.2%	5,3 ETP	-1.9%	5,4 ETP	-10.0%	6,0 ETP	-1.6%	6,1 ETP	+35.6%	4,5 ETP	+50.0%	3,0 ETP	0.0%	3,0 ETP	-9.1%	3,3 ETP	0.0%	3,3 ETP	+10.0%	3,0 ETP	-16.7%	3,6 ETP	+2.9%	3,5 ETP	+45.8%	2,4 ETP

Governance

Board of directors

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

Active mandates

Willem Du Pon

Director · since 01 octobre 2025

Active

EyeCare Group BV

Director · since 01 septembre 2025

Represented by Onkenhout Niels

Active

Ended mandates

Giuseppe Zaffuto

Director · since 28 juin 2022

Ended

Guiseppe ZAFFUTO

Manager

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Micro model	Micro model	Abridged model	Abridged model	Abridged 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	28/05/2026	14/05/2025	31/07/2024	24/06/2023	24/07/2022	25/08/2021
General meeting	22/05/2026	13/05/2025	28/06/2024	09/06/2023	27/06/2022	25/06/2021
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	31/12/2025	22/05/2026	28/05/2026	Dutch	PDF
Micro model	31/12/2024	13/05/2025	14/05/2025	French	PDF
Micro model	31/12/2023	28/06/2024	31/07/2024	French	PDF
Abridged model	31/12/2022	09/06/2023	24/06/2023	French	PDF
Abridged model	31/12/2021	27/06/2022	24/07/2022	French	PDF
Abridged model	31/12/2020	25/06/2021	25/08/2021	French	PDF
Abridged model	31/12/2019	17/06/2020	30/10/2020	French	PDF
Abridged model	31/12/2018	19/06/2019	31/08/2019	French	PDF
Abridged model	31/12/2017	27/06/2018	30/08/2018	French	PDF
Abridged model	31/12/2016	21/06/2017	29/08/2017	French	PDF
Abridged model	31/12/2015	22/06/2016	28/09/2016	French	PDF
Abridged model	31/12/2014	23/06/2015	28/08/2015	French	PDF
Abridged model	31/12/2013	25/06/2014	29/08/2014	French	PDF
Abridged model	31/12/2012	26/06/2013	13/08/2013	French	PDF
Abridged model	31/12/2011	30/06/2012	14/08/2012	French	PDF
Abridged model	31/12/2010	30/06/2011	31/08/2011	French	PDF
Abridged model	31/12/2009	30/06/2010	24/08/2010	French	PDF
Abridged model	31/12/2008	22/06/2009	28/08/2009	French	PDF
Abridged model	31/12/2007	23/06/2008	26/08/2008	French	PDF
Abridged model	31/12/2006	22/06/2007	17/08/2007	French	PDF

Estimate

Indicative valuation

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 · 2 ended

Active mandates

Willem Du Pon

Director · since 01 octobre 2025

Active

EyeCare Group BV

Director · since 01 septembre 2025

Represented by Onkenhout Niels

Active

Ended mandates

Giuseppe Zaffuto

Director · since 28 juin 2022

Ended

Guiseppe ZAFFUTO

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Other14/07/2026
—
PDF
Other16/04/2026
DIVERS
PDF
Mandates20/11/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates25/06/2025
DEMISSIONS, NOMINATIONS
PDF
Other21/05/2025
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates14/02/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates09/08/2022
DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE
PDF
Other01/04/2004
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

2025
Annual accounts 2025155,2 k €↑
2024
Annual accounts 2024110,5 k €↓
2023
Annual accounts 2023179,9 k €↓
2022
Annual accounts 2022291,1 k €↑
2021
Annual accounts 2021260,2 k €↑
2020
Annual accounts 2020175,4 k €↓
2019
Annual accounts 2019197 k €↓
2018
Annual accounts 2018200,9 k €↑
2017
Annual accounts 2017170,7 k €↑
2016
Annual accounts 2016124,1 k €↑
2015
Annual accounts 201583,2 k €↑
2014
Annual accounts 201441,3 k €↓
2013
Annual accounts 201355,1 k €↑
2012
Annual accounts 2012690,7 €↑
2011
Annual accounts 2011-14,5 k €↓
2010
Annual accounts 201041,8 k €↓
2009
Annual accounts 200972,1 k €↑
2008
Annual accounts 200852,6 k €↑
2007
Annual accounts 200743 k €↓
2006
Annual accounts 200688,4 k €
24/03/2004
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

ZAFF OPTICAL

Overview

What does ZAFF OPTICAL do?

Trend over 20 financial years

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