ACTIVE

ZELLIM

Financial year 2025 · closed on 30/09/2025
Net result
-111,4 k €
-138.3% YoY
Gross margin
651,4 k €
-35.5% YoY
Equity
2,2 M €
-4.8% YoY

What does ZELLIM do?

ZELLIM is a Public limited company incorporated in 2004. Its main activity is: Rental and operating of own or leased real estate. Its registered office is in Etterbeek.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0867.287.391
Incorporation
16/09/2004
Legal form
Public limited company
Registered office
Avenue de l'Armée 19
1040 Etterbeek · BruxellesSee on map
Contributed capital
1 800 000,00 €
Latest accounts
30/09/2025
Signals
Solid equityLow riskPositive cashflowPositive EBITDA
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 20 financial years

20252024202320222021202020192018201720162015201420132012201120102009200820072006
Income statement
Gross margin651,4 k €1 M €547,9 k €562,5 k €493,8 k €651,2 k €537,6 k €507,9 k €495,9 k €447,4 k €374,3 k €358,3 k €360,8 k €450,4 k €827,9 k €155 k €155,8 k €348,1 k €439,5 k €448,7 k €
EBITDA565,2 k €971,6 k €471,4 k €516,2 k €456,6 k €614,4 k €521,9 k €485,9 k €463,8 k €421,9 k €377,4 k €372,2 k €368,1 k €457,6 k €814,6 k €147,1 k €148,3 k €341 k €430,3 k €441,3 k €
Operating result31,8 k €533,1 k €84,9 k €118,5 k €48,6 k €211,3 k €126,8 k €94,5 k €86,8 k €52 k €52,1 k €35,3 k €101,3 k €191,2 k €615,1 k €-128,1 k €-96,6 k €96 k €185,3 k €184,6 k €
Net result-111,4 k €290,8 k €-35,5 k €-8 k €-67,7 k €60,4 k €-12,1 k €-2,5 k €-51,1 k €39,8 k €64,5 k €45,9 k €114,8 k €185,1 k €605,1 k €-181,4 k €-144,2 k €42,5 k €93,5 k €56,8 k €
Balance sheet
Equity2,2 M €2,3 M €2 M €2,1 M €2,1 M €2,2 M €3,7 M €3,7 M €5,3 M €5,5 M €5,6 M €5,6 M €5,7 M €5,6 M €5,5 M €4,5 M €3,2 M €3,3 M €3,3 M €3,3 M €
Total assets4 M €4 M €4 M €4,1 M €4,3 M €4,7 M €5,7 M €6,1 M €7,6 M €8,1 M €7,9 M €8 M €7,2 M €7,5 M €7,3 M €5,7 M €4 M €4,1 M €4,7 M €6,1 M €
Cash574,7 €137,4 k €15,5 k €38,5 k €6,6 k €76,8 k €14,9 k €10,1 k €11 k €10,8 k €3,4 k €16,2 k €233,4 k €13,2 k €171 k €147 k €121,5 k €27 k €819 €44,1 k €
Debts1,1 M €985,6 k €1,3 M €1,4 M €1,6 M €1,7 M €1,3 M €1,5 M €1,4 M €1,6 M €1,3 M €1,3 M €417,4 k €758,5 k €709,8 k €825,1 k €794,4 k €801,3 k €1,4 M €2,8 M €
Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€
See the valuation
Governance

Board of directors

Seen on filing of 30/09/2025 · 3 active · 17 ended

Active mandates

Raul Faz de la Rosa

Mandate

Active
Victor Agulo

Mandate

Active
YMFA

Mandate · 0476.947.515

Active

Ended mandates

Raul Faz de la Rosa

Director · since 21 novembre 2021 · until 21 novembre 2025

Ended
Victor Agulo Montano

Director · since 17 août 2020 · until 21 novembre 2025

Ended
Victor Angulo Montano

Director · since 17 août 2020 · until 21 novembre 2025

Ended
YMFA

Managing director · since 17 août 2020 · until 21 novembre 2025 · 0476.947.515

Represented by Yves MASKENS

Ended
At this address

Other companies at this address

CompanyCBE no.
MASKIMActive
0656.793.136
MASKINActive
0668.968.715
YMFAActive
0476.947.515
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/10/202401/10/202301/10/202201/10/202101/10/202001/10/2019
Closing of the financial year30/09/202530/09/202430/09/202330/09/202230/09/202130/09/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date07/05/202620/02/202526/03/202427/12/202208/03/202203/05/2021
General meeting20/11/202521/11/202416/11/202317/11/202218/11/202119/11/2020
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

20 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model30/09/202520/11/202507/05/2026FrenchPDF
Abridged model30/09/202421/11/202420/02/2025FrenchPDF
Abridged model30/09/202316/11/202326/03/2024FrenchPDF
Abridged model30/09/202217/11/202227/12/2022FrenchPDF
Abridged model30/09/202118/11/202108/03/2022FrenchPDF
Abridged model30/09/202019/11/202003/05/2021FrenchPDF
Abridged model30/09/201921/11/201909/01/2020FrenchPDF
Abridged model30/09/201815/11/201827/12/2018FrenchPDF
Abridged model30/09/201716/11/201713/12/2017FrenchPDF
Abridged model30/09/201617/11/201617/01/2017FrenchPDF
Abridged model30/09/201519/11/201526/11/2015FrenchPDF
Abridged model30/09/201420/11/201409/12/2014FrenchPDF
Abridged model30/09/201321/11/201327/11/2013FrenchPDF
Abridged model30/09/201215/11/201215/02/2013FrenchPDF
Abridged model30/09/201117/11/201129/03/2012FrenchPDF
Abridged model31/12/201020/04/201120/06/2011FrenchPDF
Abridged model31/12/200921/04/201030/06/2010FrenchPDF
Abridged model31/12/200815/04/200930/06/2009FrenchPDF
Abridged model31/12/200718/03/200826/05/2008FrenchPDF
Abridged model31/12/200618/04/200714/06/2007FrenchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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.

Governance

Board of directors

Seen on filing of 30/09/2025 · 3 active · 17 ended

Active mandates

Raul Faz de la Rosa

Mandate

Active
Victor Agulo

Mandate

Active
YMFA

Mandate · 0476.947.515

Active

Ended mandates

Raul Faz de la Rosa

Director · since 21 novembre 2021 · until 21 novembre 2025

Ended
Victor Agulo Montano

Director · since 17 août 2020 · until 21 novembre 2025

Ended
Victor Angulo Montano

Director · since 17 août 2020 · until 21 novembre 2025

Ended
YMFA

Managing director · since 17 août 2020 · until 21 novembre 2025 · 0476.947.515

Represented by Yves MASKENS

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates02/09/2020
    OBJET - CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …)
    PDF
  • Restructuring24/12/2018
    RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
    PDF
  • Capital / shares06/12/2017
    CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …)
    PDF
  • Restructuring08/11/2016
    RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
    PDF
  • Restructuring08/08/2016
    RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
    PDF
  • Mandates21/04/2016
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates06/12/2013
    DEMISSIONS, NOMINATIONS
    PDF
  • Restructuring12/12/2012
    RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, 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 2025-111,4 k €
  2. 2024
    Annual accounts 2024290,8 k €
  3. 2023
    Annual accounts 2023-35,5 k €
  4. 2022
    Annual accounts 2022-8 k €
  5. 2021
    Annual accounts 2021-67,7 k €
  6. 2020
    Annual accounts 202060,4 k €
  7. 2019
    Annual accounts 2019-12,1 k €
  8. 2018
    Annual accounts 2018-2,5 k €
  9. 2017
    Annual accounts 2017-51,1 k €
  10. 2016
    Annual accounts 201639,8 k €
  11. 2015
    Annual accounts 201564,5 k €
  12. 2014
    Annual accounts 201445,9 k €
  13. 2013
    Annual accounts 2013114,8 k €
  14. 2012
    Annual accounts 2012185,1 k €
  15. 2011
    Annual accounts 2011605,1 k €
  16. 2010
    Annual accounts 2010-181,4 k €
  17. 2009
    Annual accounts 2009-144,2 k €
  18. 2008
    Annual accounts 200842,5 k €
  19. 2007
    Annual accounts 200793,5 k €
  20. 2006
    Annual accounts 200656,8 k €
  21. 16/09/2004
    IncorporationPublic limited company