ACTIVE

ZEPPO

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Financial year 2025 · closed on 31/12/2025

Net result

6,2 k €

-38.8% YoY

Gross margin

26,5 k €

-20.0% YoY

Equity

240,1 k €

+2.6% YoY

What does ZEPPO do?

ZEPPO is a Private limited company incorporated in 2004. Its main activity is: Advertising agencies. Its registered office is in Boechout.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0869.983.694

Incorporation

16/11/2004

Legal form

Private limited company

Registered office

Pastoor Henrottestraat 11
2531 Boechout · FlandreSee on map

Contributed capital

61 600,00 €

Latest accounts

31/12/2025

Activities (NACE)

73110Advertising agencies· main 73110Advertising agencies 74401Other professional, scientific and technical activities

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	26,5 k €	-20.0%	33,1 k €	+18.3%	28 k €	+7.7%	26 k €	-12.9%	29,9 k €	-37.6%	47,9 k €	+98.1%	24,2 k €	-19.1%	29,8 k €	-23.3%	38,9 k €	+2.0%	38,1 k €	-19.6%	47,4 k €	-8.5%	51,8 k €	+8.3%	47,8 k €	+28.1%	37,3 k €	+21.1%	30,8 k €	+27.8%	24,1 k €	+13.6%	21,2 k €	-14.9%	25 k €	-27.3%	34,4 k €	+46.3%	23,5 k €
EBITDA	24,9 k €	-20.7%	31,4 k €	+20.0%	26,2 k €	+8.5%	24,1 k €	-14.2%	28,1 k €	-39.6%	46,6 k €	+102%	23,1 k €	-19.6%	28,7 k €	-24.4%	37,9 k €	+4.0%	36,5 k €	-21.6%	46,5 k €	-8.4%	50,8 k €	+8.5%	46,8 k €	+33.2%	35,1 k €	+19.4%	29,4 k €	+42.1%	20,7 k €	+28.8%	16,1 k €	-32.9%	23,9 k €	+9.0%	22 k €	+0.2%	21,9 k €
Operating result	10,5 k €	-34.5%	16,1 k €	+42.8%	11,3 k €	+12.7%	10 k €	-27.6%	13,8 k €	-54.7%	30,5 k €	+486%	5,2 k €	-59.6%	12,9 k €	-52.7%	27,2 k €	+1.7%	26,7 k €	-12.4%	30,5 k €	-19.3%	37,8 k €	+0.2%	37,8 k €	+33.3%	28,3 k €	+19.5%	23,7 k €	+83.3%	12,9 k €	+91.0%	6,8 k €	-50.9%	13,8 k €	+11.1%	12,4 k €	-24.0%	16,3 k €
Net result	6,2 k €	-38.8%	10,1 k €	+38.1%	7,3 k €	+16.1%	6,3 k €	-22.1%	8,1 k €	-59.0%	19,8 k €	+960%	1,9 k €	-73.2%	7 k €	-55.8%	15,7 k €	+17.9%	13,4 k €	-27.2%	18,4 k €	-17.3%	22,2 k €	-5.7%	23,5 k €	+40.3%	16,8 k €	+31.0%	12,8 k €	+112%	6 k €	+873%	620,6 €	-89.2%	5,8 k €	-20.9%	7,3 k €	-30.2%	10,4 k €
Balance sheet
Equity	240,1 k €	+2.6%	233,9 k €	+4.5%	223,8 k €	+3.4%	216,4 k €	+3.0%	210,1 k €	+4.0%	202 k €	+10.8%	182,3 k €	+1.0%	180,4 k €	+4.0%	173,4 k €	+10.0%	157,7 k €	+9.3%	144,3 k €	+14.6%	126 k €	+21.4%	103,8 k €	+20.1%	86,4 k €	+24.1%	69,6 k €	+22.5%	56,8 k €	+11.9%	50,8 k €	+1.2%	50,2 k €	+13.0%	44,4 k €	+19.6%	37,1 k €
Total assets	281,3 k €	-0.8%	283,4 k €	-2.6%	291 k €	-5.7%	308,5 k €	-8.8%	338,1 k €	-4.2%	353 k €	+5.7%	333,9 k €	-3.1%	344,8 k €	+30.5%	264,2 k €	+1.3%	260,9 k €	-4.3%	272,7 k €	-11.1%	306,9 k €	+61.1%	190,4 k €	+0.1%	190,2 k €	+0.4%	189,4 k €	+6.0%	178,6 k €	+3.0%	173,4 k €	+2.8%	168,7 k €	+1.7%	165,8 k €	+128%	72,7 k €
Cash	21,3 k €	+39.1%	15,3 k €	+141%	6,4 k €	-51.1%	13 k €	+203%	4,3 k €	-79.8%	21,3 k €	+324%	5 k €	-73.2%	18,8 k €	-14.3%	21,9 k €	-15.8%	26 k €	+66.0%	15,7 k €	-47.6%	29,9 k €	+95.0%	15,3 k €	-6.4%	16,4 k €	-23.6%	21,5 k €	+88.4%	11,4 k €	-72.5%	41,4 k €	-9.4%	45,7 k €	+89.3%	24,1 k €	+64.0%	14,7 k €
Debts	41,2 k €	-16.9%	49,6 k €	-26.3%	67,3 k €	-26.9%	92 k €	-28.1%	128 k €	-15.2%	151 k €	-0.5%	151,7 k €	-7.7%	164,4 k €	+81.2%	90,7 k €	-12.1%	103,2 k €	-19.6%	128,3 k €	-29.1%	180,9 k €	+109%	86,7 k €	-16.5%	103,8 k €	-13.3%	119,7 k €	-1.7%	121,8 k €	-0.7%	122,6 k €	+3.5%	118,5 k €	-2.4%	121,4 k €	+242%	35,5 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 31/12/2025 · 1 active · 1 ended

Active mandates

Tom Adriaensen

Director

Active

Ended mandates

Tom Adriaensen

Manager

Ended

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	01/01/2025	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	31/07/2026	01/08/2025	25/07/2024	31/07/2023	27/07/2022	04/08/2021
General meeting	27/06/2026	28/06/2025	29/06/2024	24/06/2023	25/06/2022	26/06/2021
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
Micro model	31/12/2025	27/06/2026	31/07/2026	Dutch	PDF
Micro model	31/12/2024	28/06/2025	01/08/2025	Dutch	PDF
Micro model	31/12/2023	29/06/2024	25/07/2024	Dutch	PDF
Micro model	31/12/2022	24/06/2023	31/07/2023	Dutch	PDF
Micro model	31/12/2021	25/06/2022	27/07/2022	Dutch	PDF
Micro model	31/12/2020	26/06/2021	04/08/2021	Dutch	PDF
Micro model	31/12/2019	27/06/2020	29/07/2020	Dutch	PDF
Micro model	31/12/2018	29/06/2019	26/07/2019	Dutch	PDF
Micro model	31/12/2017	30/06/2018	25/07/2018	Dutch	PDF
Micro model	31/12/2016	24/06/2017	12/07/2017	Dutch	PDF
Abridged model	31/12/2015	25/06/2016	27/06/2016	Dutch	PDF
Abridged model	31/12/2014	27/06/2015	17/07/2015	Dutch	PDF
Abridged model	31/12/2013	28/06/2014	29/08/2014	Dutch	PDF
Abridged model	31/12/2012	29/06/2013	27/08/2013	Dutch	PDF
Abridged model	31/12/2011	30/06/2012	26/07/2012	Dutch	PDF
Abridged model	31/12/2010	25/06/2011	27/06/2011	Dutch	PDF
Abridged model	31/12/2009	26/06/2010	20/07/2010	Dutch	PDF
Abridged model	31/12/2008	27/06/2009	28/08/2009	Dutch	PDF
Abridged model	31/12/2007	28/06/2008	29/08/2008	Dutch	PDF
Abridged model	31/12/2006	30/06/2007	23/08/2007	Dutch	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 31/12/2025 · 1 active · 1 ended

Active mandates

Tom Adriaensen

Director

Active

Ended mandates

Tom Adriaensen

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates02/01/2024
WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Mandates22/01/2015
MAATSCHAPPELIJKE ZETEL - ADRESSEN ANDERS DAN MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares03/02/2014
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Other26/11/2004
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 20256,2 k €↓
2024
Annual accounts 202410,1 k €↑
2023
Annual accounts 20237,3 k €↑
2022
Annual accounts 20226,3 k €↓
2021
Annual accounts 20218,1 k €↓
2020
Annual accounts 202019,8 k €↑
2019
Annual accounts 20191,9 k €↓
2018
Annual accounts 20187 k €↓
2017
Annual accounts 201715,7 k €↑
2016
Annual accounts 201613,4 k €↓
2015
Annual accounts 201518,4 k €↓
2014
Annual accounts 201422,2 k €↓
2013
Annual accounts 201323,5 k €↑
2012
Annual accounts 201216,8 k €↑
2011
Annual accounts 201112,8 k €↑
2010
Annual accounts 20106 k €↑
2009
Annual accounts 2009620,6 €↓
2008
Annual accounts 20085,8 k €↓
2007
Annual accounts 20077,3 k €↓
2006
Annual accounts 200610,4 k €
16/11/2004
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

ZEPPO

Overview

What does ZEPPO 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