ACTIVE

ZERTEX

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Financial year 2025 · closed on 30/09/2025

Net result

10,8 k €

-13.8% YoY

Gross margin

67,9 k €

+20.2% YoY

Equity

145,4 k €

+8.0% YoY

What does ZERTEX do?

ZERTEX is a Private limited company incorporated in 2004. Its registered office is in Vilvoorde.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0867.283.037

Incorporation

16/09/2004

Legal form

Private limited company

Registered office

Blockxstraat (Jan) 17
1800 Vilvoorde · FlandreSee on map

Contributed capital

6 200,00 €

Latest accounts

30/09/2025

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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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	67,9 k €	+20.2%	56,5 k €	+25.0%	45,2 k €	-11.5%	51,1 k €	-39.5%	84,5 k €	+255%	23,8 k €	+6.5%	22,3 k €	-43.8%	39,8 k €	+99.0%	20 k €	-22.7%	25,8 k €	-51.1%	52,8 k €	+108%	25,4 k €	-55.9%	57,5 k €	+35.8%	42,4 k €	-3.0%	43,7 k €	-29.5%	61,9 k €	+1006%	5,6 k €	-88.5%	48,9 k €	+190%	16,9 k €	+260%	4,7 k €
EBITDA	54,7 k €	+6.6%	51,3 k €	+20.4%	42,6 k €	-9.8%	47,2 k €	-39.7%	78,3 k €	+313%	18,9 k €	+11.9%	16,9 k €	-52.4%	35,6 k €	+106%	17,3 k €	-26.1%	23,4 k €	-53.9%	50,8 k €	+122%	22,9 k €	-58.2%	54,9 k €	+39.5%	39,3 k €	-4.2%	41,1 k €	-30.1%	58,7 k €	+9479%	613,2 €	-98.5%	40,4 k €	+179%	14,5 k €	+574%	2,1 k €
Operating result	21,7 k €	-12.5%	24,8 k €	-13.7%	28,7 k €	-14.6%	33,6 k €	-50.1%	67,4 k €	+1011%	6,1 k €	+619%	-1,2 k €	-108%	14 k €	+106%	6,8 k €	-51.8%	14,1 k €	-65.5%	40,8 k €	+253%	11,5 k €	-73.6%	43,8 k €	+182%	15,5 k €	-7.5%	16,8 k €	-53.0%	35,7 k €	+254%	-23,2 k €	-283%	12,7 k €	+863%	-1,7 k €	+88.4%	-14,3 k €
Net result	10,8 k €	-13.8%	12,5 k €	-37.9%	20,2 k €	-0.5%	20,3 k €	-54.2%	44,4 k €	+1319%	-3,6 k €	+34.6%	-5,6 k €	-178%	7,2 k €	+291%	1,8 k €	-72.4%	6,6 k €	-75.4%	26,9 k €	+439%	5 k €	-82.8%	29 k €	+801%	3,2 k €	-36.8%	5,1 k €	-78.5%	23,6 k €	+190%	-26,1 k €	-219%	21,9 k €	+796%	-3,1 k €	+79.1%	-15,1 k €
Balance sheet
Equity	145,4 k €	+8.0%	134,6 k €	+4.7%	128,6 k €	+13.4%	113,3 k €	+9.2%	103,8 k €	+16.1%	89,4 k €	-3.9%	93,1 k €	-5.6%	98,6 k €	+7.8%	91,5 k €	+2.0%	89,6 k €	+8.0%	83 k €	+48.0%	56,1 k €	+9.8%	51,1 k €	+131%	22,1 k €	+17.0%	18,9 k €	+36.9%	13,8 k €	+241%	-9,8 k €	-160%	16,3 k €	+272%	4,4 k €	-41.8%	7,5 k €
Total assets	261,2 k €	+1.0%	258,7 k €	+32.7%	194,9 k €	-10.0%	216,6 k €	+7.8%	200,9 k €	+35.5%	148,3 k €	-26.9%	202,9 k €	-4.4%	212,1 k €	+48.6%	142,8 k €	+4.2%	137,1 k €	-20.5%	172,4 k €	-4.6%	180,8 k €	+20.4%	150,1 k €	+50.6%	99,7 k €	+10.7%	90,1 k €	-15.2%	106,3 k €	-45.3%	194,4 k €	-12.7%	222,7 k €	+87.5%	118,8 k €	+14.8%	103,5 k €
Cash	–		10,7 k €		–		3 k €	-80.1%	14,9 k €		–		–		–		–		–		19,5 k €		–		–		4,3 k €		–		1,5 k €		–		–		–		2,2 k €
Debts	115,8 k €	-6.5%	123,8 k €	+87.0%	66,2 k €	-35.9%	103,2 k €	+6.2%	97,2 k €	+64.9%	58,9 k €	-46.4%	109,8 k €	-3.3%	113,5 k €	+121%	51,3 k €	+8.2%	47,4 k €	-46.9%	89,4 k €	-28.3%	124,7 k €	+25.9%	99,1 k €	+27.7%	77,6 k €	+9.0%	71,2 k €	-23.0%	92,5 k €	-54.6%	203,5 k €	-1.2%	205,9 k €	+81.1%	113,7 k €	+18.5%	95,9 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Governance

Board of directors

Seen on filing of 30/09/2025 · 1 active

Active mandates

Marek Zero

Manager

Active

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged 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	14/03/2026	19/03/2025	28/03/2024	30/03/2023	29/04/2022	30/04/2021
General meeting	24/02/2026	27/02/2025	20/03/2024	21/03/2023	21/04/2022	22/04/2021
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	30/09/2025	24/02/2026	14/03/2026	French	PDF
Abridged model	30/09/2024	27/02/2025	19/03/2025	French	PDF
Abridged model	30/09/2023	20/03/2024	28/03/2024	French	PDF
Abridged model	30/09/2022	21/03/2023	30/03/2023	French	PDF
Abridged model	30/09/2021	21/04/2022	29/04/2022	French	PDF
Abridged model	30/09/2020	22/04/2021	30/04/2021	French	PDF
Abridged model	30/09/2019	18/02/2020	18/06/2020	French	PDF
Abridged model	30/09/2018	05/03/2019	26/04/2019	French	PDF
Abridged model	30/09/2017	28/02/2018	23/04/2018	French	PDF
Abridged model	30/09/2016	20/03/2017	26/04/2017	French	PDF
Abridged model	30/09/2015	16/02/2016	14/04/2016	French	PDF
Abridged model	30/09/2014	03/03/2015	11/04/2015	French	PDF
Abridged model	30/09/2013	18/02/2014	29/04/2014	French	PDF
Abridged model	30/09/2012	19/02/2013	24/04/2013	French	PDF
Abridged model	30/09/2011	21/02/2012	05/04/2012	French	PDF
Abridged model	30/09/2010	15/02/2011	29/04/2011	French	PDF
Abridged model	30/09/2009	30/07/2010	31/07/2010	French	PDF
Abridged model	30/09/2008	28/10/2009	09/11/2009	French	PDF
Abridged model	30/09/2007	31/03/2008	30/05/2008	French	PDF
Abridged model	30/09/2006	31/03/2007	02/05/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 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

Active mandates

Marek Zero

Manager

Active

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates03/05/2024
ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Registered office06/03/2017
SIEGE SOCIAL
PDF
Registered office15/10/2010
SIEGE SOCIAL
PDF
Mandates09/10/2007
DEMISSIONS, NOMINATIONS
PDF
Mandates13/06/2006
DEMISSIONS, NOMINATIONS
PDF
Mandates12/04/2006
DEMISSIONS, NOMINATIONS
PDF
Mandates09/01/2006
DEMISSIONS, NOMINATIONS
PDF
Mandates12/10/2004
DEMISSIONS, NOMINATIONS
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 202510,8 k €↓
2024
Annual accounts 202412,5 k €↓
2023
Annual accounts 202320,2 k €↓
2022
Annual accounts 202220,3 k €↓
2021
Annual accounts 202144,4 k €↑
2020
Annual accounts 2020-3,6 k €↑
2019
Annual accounts 2019-5,6 k €↓
2018
Annual accounts 20187,2 k €↑
2017
Annual accounts 20171,8 k €↓
2016
Annual accounts 20166,6 k €↓
2015
Annual accounts 201526,9 k €↑
2014
Annual accounts 20145 k €↓
2013
Annual accounts 201329 k €↑
2012
Annual accounts 20123,2 k €↓
2011
Annual accounts 20115,1 k €↓
2010
Annual accounts 201023,6 k €↑
2009
Annual accounts 2009-26,1 k €↓
2008
Annual accounts 200821,9 k €↑
2007
Annual accounts 2007-3,1 k €↑
2006
Annual accounts 2006-15,1 k €
16/09/2004
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

ZERTEX

Overview

What does ZERTEX do?

Trend over 20 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