ZAL SYSTEM
0898.224.651 · rovalta.com · 24/09/2026
ACTIVE
ZAL SYSTEM
Financial year 2025 · closed on 30/09/2025
Net result
2,1 k €
-7.3% YoY
Equity
46,1 k €
+4.7% YoY
Overview
What does ZAL SYSTEM do?
ZAL SYSTEM is a Public limited company incorporated in 2008. Its registered office is in Waterloo.
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0898.224.651
Incorporation
29/05/2008
Legal form
Public limited company
Registered office
Chaussée de Bruxelles 102 box B
1410 Waterloo · WallonieSee on map
1410 Waterloo · WallonieSee on map
Contributed capital
65 000,00 €
Latest accounts
30/09/2025
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflow
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Financials
Trend over 15 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2012 | 2011 | 2010 | 2009 | |||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||||||||||||||||
| Gross margin | – | – | 181,5 € | -90.0% | 1,8 k € | +46.6% | 1,2 k € | +152% | -2,4 k € | -151% | 4,7 k € | +226% | -3,7 k € | -130% | 12,3 k € | +588% | -2,5 k € | -24.7% | -2 k € | +87.5% | -16,2 k € | -156% | 29,1 k € | -82.1% | 163,1 k € | -27.5% | 225 k € | ||
| EBITDA | -399,7 € | -3.2% | -387,3 € | -90.9% | -202,9 € | -114% | 1,5 k € | +104% | -39,1 k € | -916% | -3,8 k € | -189% | 4,3 k € | +174% | -5,9 k € | -148% | 12,3 k € | +529% | -2,9 k € | +7.5% | -3,1 k € | +83.2% | -18,4 k € | -168% | 26,9 k € | -83.3% | 161,3 k € | -28.0% | 223,9 k € |
| Operating result | -399,7 € | -3.2% | -387,3 € | -90.9% | -202,9 € | -114% | 1,5 k € | +104% | -39,1 k € | -916% | -3,8 k € | -189% | 4,3 k € | +172% | -6 k € | -157% | 10,6 k € | +333% | -4,5 k € | +4.9% | -4,8 k € | +81.8% | -26,2 k € | -241% | 18,6 k € | -87.8% | 152,6 k € | -19.4% | 189,3 k € |
| Net result | 2,1 k € | -7.3% | 2,2 k € | +33.2% | 1,7 k € | -63.0% | 4,5 k € | +112% | -36,5 k € | -5060% | -707,2 € | -111% | 6,6 k € | +333% | -2,9 k € | -127% | 10,4 k € | +635% | -1,9 k € | +23.0% | -2,5 k € | +92.6% | -33,9 k € | -231% | 25,9 k € | -74.4% | 101,4 k € | -19.8% | 126,5 k € |
| Balance sheet | |||||||||||||||||||||||||||||
| Equity | 46,1 k € | +4.7% | 44 k € | +5.4% | 41,8 k € | +4.2% | 40,1 k € | +12.8% | 35,6 k € | -50.6% | 72,1 k € | -1.0% | 72,8 k € | +10.0% | 66,1 k € | -4.1% | 69 k € | +17.7% | 58,6 k € | -3.2% | 60,5 k € | +34.5% | 45 k € | -42.9% | 78,9 k € | -72.1% | 282,9 k € | +55.9% | 181,5 k € |
| Total assets | 46,9 k € | +5.6% | 44,4 k € | +5.3% | 42,2 k € | -15.5% | 49,9 k € | +14.9% | 43,5 k € | -46.2% | 80,8 k € | +2.6% | 78,8 k € | -2.7% | 80,9 k € | +2.3% | 79,1 k € | +7.3% | 73,7 k € | -1.3% | 74,7 k € | -57.9% | 177,3 k € | -13.2% | 204,4 k € | -54.8% | 452,3 k € | +38.2% | 327,2 k € |
| Cash | – | – | – | 450,1 € | 0.0% | 450,1 € | 0.0% | 450,1 € | -20.8% | 568,1 € | +18107% | 3,1 € | -99.4% | 508,4 € | – | – | 232,2 € | -16.6% | 278,5 € | -99.4% | 48,7 k € | +55.2% | 31,4 k € | ||||||
| Debts | 787,1 € | +103% | 387,3 € | +0.8% | 384,4 € | -96.1% | 9,8 k € | +24.5% | 7,9 k € | -10.2% | 8,8 k € | +45.7% | 6 k € | -59.4% | 14,8 k € | +46.5% | 10,1 k € | -33.0% | 15,1 k € | +6.8% | 14,1 k € | -89.3% | 132,3 k € | +5.4% | 125,5 k € | -25.9% | 169,3 k € | +16.2% | 145,7 k € |
Estimate
Indicative valuation
As an indication, this company is worth
between 0 € and 100 k€
See the valuationGovernance
Board of directors
Seen on filing of 30/09/2012 · 2 active
Active mandates
Jean KIES
ActiveVali Mohammad ASSADI
ActiveAt this address
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Financials
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 | 21/05/2026 | 02/05/2025 | 14/05/2024 | 03/05/2023 | 11/05/2022 | 30/04/2021 |
| General meeting | 28/04/2026 | 28/04/2025 | 24/04/2024 | 24/04/2023 | 27/04/2022 | 27/04/2021 |
| 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
Looking for more information about this company?
Try for 7 daysFilings
Annual accounts filings
15 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Micro model | 30/09/2025 | 28/04/2026 | 21/05/2026 | French | |
| Micro model | 30/09/2024 | 28/04/2025 | 02/05/2025 | French | |
| Micro model | 30/09/2023 | 24/04/2024 | 14/05/2024 | French | |
| Micro model | 30/09/2022 | 24/04/2023 | 03/05/2023 | French | |
| Micro model | 30/09/2021 | 27/04/2022 | 11/05/2022 | French | |
| Micro model | 30/09/2020 | 27/04/2021 | 30/04/2021 | French | |
| Micro model | 30/09/2019 | 29/04/2020 | 14/05/2020 | French | |
| Micro model | 30/09/2018 | 30/04/2019 | 09/05/2019 | French | |
| Abridged model | 30/09/2017 | 30/04/2018 | 09/05/2018 | French | |
| Abridged model | 30/09/2016 | 28/04/2017 | 22/05/2017 | French | |
| Abridged model | 30/09/2015 | 30/03/2016 | 31/05/2016 | French | |
| Abridged model | 30/09/2012 | 26/03/2013 | 31/05/2013 | French | |
| Abridged model | 30/09/2011 | 14/11/2011 | 31/05/2012 | French | |
| Abridged model | 30/09/2010 | 16/03/2011 | 31/05/2011 | French | |
| Abridged model | 30/09/2009 | 07/04/2010 | 20/04/2010 | French |
Valuation
Estimate
Indicative valuation
Order of magnitude
As an indication, this company is worth
between 0 € and 100 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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Governance
Board of directors
Seen on filing of 30/09/2012 · 2 active
Active mandates
Jean KIES
ActiveVali Mohammad ASSADI
ActiveShareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
Source: Belgian Official Gazette
Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 20252,1 k €↓
- 2024Annual accounts 20242,2 k €↑
- 2023Annual accounts 20231,7 k €↓
- 2022Annual accounts 20224,5 k €↑
- 2021Annual accounts 2021-36,5 k €↓
- 2020Annual accounts 2020-707,2 €↓
- 2019Annual accounts 20196,6 k €↑
- 2018Annual accounts 2018-2,9 k €↓
- 2017Annual accounts 201710,4 k €↑
- 2016Annual accounts 2016-1,9 k €↑
- 2015Annual accounts 2015-2,5 k €↑
- 2012Annual accounts 2012-33,9 k €↓
- 2011Annual accounts 201125,9 k €↓
- 2010Annual accounts 2010101,4 k €↓
- 2009Annual accounts 2009126,5 k €
- 29/05/2008IncorporationPublic limited company