ACTIVE

ZENITH

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Financial year 2025 · closed on 30/09/2025

Net result

8,9 k €

+133.1% YoY

Gross margin

17,1 k €

+143.8% YoY

Equity

68,7 k €

+14.9% YoY

What does ZENITH do?

ZENITH is a Private limited company incorporated in 2007. Its registered office is in Lokeren.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0886.521.701

Incorporation

18/01/2007

Legal form

Private limited company

Registered office

Veldstraat 31 box B
9160 Lokeren · FlandreSee on map

Contributed capital

12 500,00 €

Latest accounts

30/09/2025

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 16 financial years

	2025		2024		2023		2022		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008
Income statement
Gross margin	17,1 k €	+144%	7 k €	-65.5%	20,3 k €	+214%	-17,9 k €	-271%	10,5 k €	-28.8%	14,7 k €	+16.7%	12,6 k €	-60.9%	32,2 k €	+190%	11,1 k €	-57.9%	26,4 k €	+62.9%	16,2 k €	+23.1%	13,1 k €	+72.2%	7,6 k €	-22.0%	9,8 k €	-13.2%	11,3 k €	-63.7%	31 k €
EBITDA	15,7 k €	+221%	4,9 k €	-75.0%	19,6 k €	+206%	-18,5 k €	-290%	9,7 k €	-27.8%	13,5 k €	+11.9%	12,1 k €	-61.9%	31,7 k €	+220%	9,9 k €	-61.6%	25,8 k €	+62.6%	15,8 k €	+28.1%	12,4 k €	+84.4%	6,7 k €	-26.9%	9,2 k €	-15.1%	10,8 k €	-63.7%	29,8 k €
Operating result	15,5 k €	+229%	4,7 k €	-75.7%	19,4 k €	+204%	-18,7 k €	-319%	8,6 k €	-22.3%	11 k €	+15.0%	9,6 k €	-60.4%	24,2 k €	+686%	3,1 k €	-83.3%	18,4 k €	+150%	7,4 k €	+77.1%	4,2 k €	+444%	-1,2 k €	-167%	1,8 k €	-68.7%	5,8 k €	-58.0%	13,7 k €
Net result	8,9 k €	+133%	3,8 k €	-78.1%	17,4 k €	+192%	-19 k €	-512%	4,6 k €	-23.4%	6 k €	+15.8%	5,2 k €	-65.4%	15 k €	+1518%	928,1 €	-93.3%	13,8 k €	+161%	5,3 k €	+155%	2,1 k €	+191%	-2,3 k €	-4015%	-55,4 €	-102%	3 k €	-59.3%	7,3 k €
Balance sheet
Equity	68,7 k €	+14.9%	59,7 k €	+6.8%	55,9 k €	+15.3%	48,5 k €	-23.4%	63,3 k €	+7.8%	58,7 k €	+11.4%	52,7 k €	+10.9%	47,5 k €	+46.2%	32,5 k €	+2.9%	31,5 k €	+38.7%	22,7 k €	+1.2%	22,5 k €	+10.2%	20,4 k €	-10.1%	22,7 k €	-0.2%	22,7 k €	+15.0%	19,8 k €
Total assets	80,5 k €	+22.8%	65,6 k €	+4.6%	62,7 k €	+23.0%	51 k €	-43.3%	89,8 k €	+24.5%	72,2 k €	+4.5%	69 k €	-5.6%	73,1 k €	+46.7%	49,9 k €	-14.0%	58 k €	+13.4%	51,1 k €	-2.6%	52,5 k €	+88.9%	27,8 k €	-19.9%	34,7 k €	-19.6%	43,2 k €	-12.9%	49,6 k €
Cash	63,7 k €	+21.7%	52,3 k €	+5.2%	49,7 k €	+30.5%	38,1 k €	-40.6%	64,1 k €	+14.4%	56 k €	+2.9%	54,5 k €	+3.8%	52,5 k €	+78.0%	29,5 k €	+33.4%	22,1 k €	-26.8%	30,2 k €	+297%	7,6 k €	+31.7%	5,8 k €	-58.9%	14,1 k €	+10.9%	12,7 k €	+10.7%	11,4 k €
Debts	11,3 k €	+94.0%	5,8 k €	-14.2%	6,8 k €	+173%	2,5 k €	-90.5%	26,2 k €	+99.4%	13,1 k €	-17.2%	15,8 k €	-37.4%	25,3 k €	+45.5%	17,4 k €	-34.2%	26,4 k €	-6.9%	28,4 k €	-5.5%	30 k €	+307%	7,4 k €	-38.2%	11,9 k €	-41.3%	20,3 k €	-31.6%	29,7 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 · 5 ended

Active mandates

Elisabeth Maria Vanhecke

Administrator - manager · since 18 janvier 2007

Active

Ended mandates

Elisabeth Vanhecke

Director · since 18 janvier 2007

Ended

Elizabeth Vanhecke

Director · since 18 janvier 2007

Ended

Betty Van Hecke

Manager

Ended

Betty Vanhecke

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	01/10/2024	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	14/04/2026	19/03/2025	15/03/2024	15/03/2023	30/03/2022	26/04/2021
General meeting	15/03/2026	15/03/2025	15/03/2024	15/03/2023	15/03/2022	15/03/2021
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

18 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	30/09/2025	15/03/2026	14/04/2026	Dutch	PDF
Micro model	30/09/2024	15/03/2025	19/03/2025	Dutch	PDF
Micro model	30/09/2023	15/03/2024	15/03/2024	Dutch	PDF
Micro model	30/09/2022	15/03/2023	15/03/2023	Dutch	PDF
Micro model	30/09/2021	15/03/2022	30/03/2022	Dutch	PDF
Micro model	30/09/2020	15/03/2021	26/04/2021	Dutch	PDF
Micro model	30/09/2019	15/03/2020	24/03/2020	Dutch	PDF
Micro model	30/09/2018	15/03/2019	26/04/2019	Dutch	PDF
Micro model	30/09/2017	15/03/2018	03/04/2018	Dutch	PDF
Abridged model	30/09/2016	15/03/2017	21/03/2017	Dutch	PDF
Abridged model	30/09/2015	15/03/2016	24/03/2016	Dutch	PDF
Abridged model	30/09/2014	15/03/2015	30/03/2015	Dutch	PDF
Abridged model	30/09/2013	15/03/2014	12/05/2014	Dutch	PDF
Abridged model	30/09/2012	15/03/2013	22/04/2013	Dutch	PDF
Abridged model	30/09/2011	15/03/2012	12/04/2012	Dutch	PDF
Abridged model	30/09/2010	15/03/2011	18/03/2011	Dutch	PDF
Abridged model	30/09/2009	15/03/2010	29/04/2010	Dutch	PDF
Abridged model	30/09/2008	16/03/2009	22/04/2009	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 30/09/2025 · 1 active · 5 ended

Active mandates

Elisabeth Maria Vanhecke

Administrator - manager · since 18 janvier 2007

Active

Ended mandates

Elisabeth Vanhecke

Director · since 18 janvier 2007

Ended

Elizabeth Vanhecke

Director · since 18 janvier 2007

Ended

Betty Van Hecke

Manager

Ended

Betty Vanhecke

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Registered office14/07/2025
MAATSCHAPPELIJKE ZETEL
PDF
Mandates05/07/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Registered office30/04/2009
MAATSCHAPPELIJKE ZETEL
PDF
Other29/01/2007
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 20258,9 k €↑
2024
Annual accounts 20243,8 k €↓
2023
Annual accounts 202317,4 k €↑
2022
Annual accounts 2022-19 k €↓
2019
Annual accounts 20194,6 k €↓
2018
Annual accounts 20186 k €↑
2017
Annual accounts 20175,2 k €↓
2016
Annual accounts 201615 k €↑
2015
Annual accounts 2015928,1 €↓
2014
Annual accounts 201413,8 k €↑
2013
Annual accounts 20135,3 k €↑
2012
Annual accounts 20122,1 k €↑
2011
Annual accounts 2011-2,3 k €↓
2010
Annual accounts 2010-55,4 €↓
2009
Annual accounts 20093 k €↓
2008
Annual accounts 20087,3 k €
18/01/2007
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

ZENITH

Overview

What does ZENITH do?

Trend over 16 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