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MONGA

Active Private limited companyfounded 2007active for 19 yearsSparrenstraat 21, 9870 ZulteKBO/BCE: BE 0891.925.391

Overview

Lifetime

18 annual accounts with figures on one time axis
peak €59,436 (2010)
€7,787▲ 562%
lowest -€17,143 (2020)
€7,333▲ 12×
peak €27,551 (2014)
€6,893▲ €7,333
€129,034▲ 17.7%
Board1 name since 2007
1 director
Documentsfilings and deeds
27-03-202634 days before the deadline
2025micro format
Gross margin from €1,176 to €7,787Result from €606 to €7,333Equity from -€440 to €6,893Debts from €109,625 to €129,034Cash from €450 to €1,108

Key points

from the 2025 annual accounts

Turnover

≈ €59,000 estimated

The accounts state no turnover.

Debts

€129,034 95% of the balance sheet

Position in the sector

5.1%

Lower solvency than 82% of companies in forestry. Sector median 43.4% · 368 companies.

Checked score

Bankruptcy probability within 12 months

Financial strength

Score breakdown

Comparable companies, two years later

In July 2024, 1,325 companies had the same profile as MONGA has now. Each dot stands for 4 companies, two years later.

95.2%
were still trading
3.2%
stopped another way
1.4%
went bankrupt
  • Micro
  • 10 to 20 years old
  • solvency under 10%
  • a profit of 5% of the balance sheet or more

Another 0.2% stopped without a precise date, possibly only after those two years.

Test of the method

The method was tested on the 497,448 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the highest expected share
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 0.9%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 1,325 companies, not a prediction for MONGA. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Credit verdict

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Board and ownership

Director, since 21-08-2007
Board & ownership

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:0891925391
New director appointed, resigned · “Het beheer van een eigen onroerend vermogen, omvattend: het aanleggen, het oordeelkundig uitbouwen en beheren…” (deed in Dutch) · Director discharge: · Gazette deed
First establishment Sparrenstraat 21, Zulte
Incorporation published on 17-09-2007 · Gazette deed
All 27 events

Comparable companies

same main activity, similar in size and age
Company
MONGA Zulte €135,927 €7,787 5.1% -
BION BOIS Chiny €175,987 €8,093 88.3% -
M&S ATOUT BOIS Bertrix €97,405 €8,524 23.4% -
BOIS SERVICES Rendeux €110,190 €11,990 76.3% -
Tuinhout Vanbilsen Beringen €214,404 €10,677 50.0% -
GILBERT FT Doische €127,756 €16,574 48.2% -
ARDUINA Gembloux €193,270 €5,896 37.9% -

These companies have the same main activity as MONGA: logging (NACE 02200). They are comparable in size and age: total assets between €97,400 and €214,000, founded between 1995 and 2012.

Official details

Source: KBO
Status
Active since 07-09-2007Normal situation
Activity
LoggingNACE 02200and 1 other
Establishment unit
2.165.441.9559870 Zulte, since 05-10-2007
Financial year end
30 September
Peppol
Reachable since 05-01-2026
Company details

Annual accounts to 30-09-2025

€7,787▲ 562%
€7,333▲ 12×
€6,893
€135,927▲ 24.5%
Filing
Filed on 27-03-2026, 34 days before the end of the filing period
Financials

Insights on MONGA

MONGA files the micro format. That format states no turnover. The gross margin rose from €2,905 in 2008 to €7,787 in 2025.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2025

micro format, filed on 27-03-2026, 34 days before the deadline
€7,787
▲ 562%
€7,499
▲ 624%
€7,333
▲ 12×
€6,893
▲ €7,333
5.1%
▲ 5.5 percentage points
1.05
▲ 0.06

Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.

Turnover ≈ €59,000. Estimated: probably between €27,000 and €140,000.

Balance sheet

balance sheet total €135,927 on 30-09-2025
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

5.1%

Higher than 17% of 368 companies in 2025.

1.05

Higher than 41% of 351 companies in 2025.

5.4%

Higher than 59% of 360 companies in 2025.

MONGA Middle half of the sector 80% of the sector Micro accounts in forestry (NACE 02)

Net result: middle half · Equity: bottom quarter · Balance sheet total: middle half · Working capital: middle half

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend202520242023202220212020201920182017201620152014201320122011201020092008
Balance sheet: assets
20/58 135,927109,185178,864194,975213,049375,892396,991345,441457,532380,850462,338399,789535,994641,423472,858392,731289,602141,316
21/28 ---015,70031,40031,40031,40031,40031,40031,40031,40047,10047,10073,82524,80641,34456,000
22/27 ---015,70031,40031,40031,40031,40031,40031,40031,40047,10047,10073,82524,80641,34456,000
23 ----15,70031,40031,40031,40031,40031,40031,40031,40047,10047,10073,82524,80641,34456,000
24 ---0--------------
29/58 135,927109,185178,864194,975197,349344,492365,591314,041426,132349,450430,938368,389488,894594,323399,033367,925248,25885,316
3 1,2071,2071,2072,922-60,58760,58760,58760,58724,05024,05026,35037,2097,32616,00023,900239,71131,035
30/36 1,2071,2071,2072,922-60,58760,58760,58760,58724,05024,05026,35037,2097,32616,00023,900239,71131,035
40/41 133,612107,529176,490191,660192,566276,901303,376251,904362,740320,668405,273339,382447,436547,040273,908227,3728,54743,608
40 128,698102,730171,943187,011192,566243,776247,777197,042308,670283,052366,048284,907371,400449,704273,908226,372-43,608
41 4,9144,7984,5474,649-33,12555,59954,86254,07037,61639,22554,47576,03697,336-1,0008,547-
54/58 1,1084501,1673934,7837,0041,6281,5502,8054,7321,6152,4484,24939,957109,125116,653-10,673
490/1 -----------209------
Balance sheet: equity and liabilities
10/49 135,927109,185178,864194,975213,049375,892396,991345,441457,532380,850462,338399,789535,994641,423472,858392,731289,602141,316
10/15 6,893-440-1,046-734-1,611-2,67714,4667,66010,96211,29025,78527,55123,74515,35026,89821,5919,3956,663
10/11 18,60018,60018,60018,60018,60018,60018,6006,2006,2006,2006,2006,2006,2006,2006,2006,2006,2006,200
100 ----18,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,600
101 -------12,40012,40012,40012,40012,40012,40012,40012,40012,40012,40012,400
13 19,86019,86019,86019,86019,86019,86019,86019,86019,86019,86019,86019,86019,86019,86019,86014,8601,860450
130/1 1,8601,8601,8601,8601,8601,860------------
130 ----1,8601,8601,8601,8601,8601,8601,8601,8601,8601,8601,8601,8601,860450
1311 1,8601,8601,8601,860--------------
133 18,00018,00018,00018,00018,00018,00018,00018,00018,00018,00018,00018,00018,00018,00018,00013,000--
14 -31,567-38,900-39,506-39,194-40,071-41,137-23,994-18,400-15,098-14,770-2751,491-2,315-10,7108385311,33513
17/49 129,034109,625179,910195,710214,660378,569382,525337,781446,570369,560436,553372,238512,249626,073445,960371,140280,207134,653
17 -----13,27828,79043,85058,477---3,69724,74464,369---
170/4 -----13,27828,79043,85058,477---3,69724,74464,369---
42/48 129,034109,625179,910195,710214,660365,291353,735293,931388,093369,560436,553372,238508,552601,329381,591371,140280,207134,653
42 ---013,27915,51115,06014,62714,203--3,69720,97320,222----
43 ---------75,00075,00075,00075,00075,00022,78175,00024,366-
430/8 ---------75,00075,00075,00075,00075,00022,78175,00024,366-
44 45,17111,46223523,373-66,28597,73156,33180,7511,42259,8712,6194,45818,551136,73529970,418900
440/4 45,17111,46223523,373-66,28597,73156,33180,7511,42259,8712,6194,45818,551136,73529970,418900
45 ---02,216100----2,5931,13418,0341,469-8,804--
450/3 ---02,216100----2,5931,13418,0341,469-8,804--
47/48 83,86398,163179,675172,337199,165283,395240,944222,973293,139293,138299,089289,788390,087486,087222,075287,037185,423133,753
Income statement
9900 7,7871,176-14117,61918,653-72-3,386-1,17511,348-10,6512,92324,10920,25225,86744,61359,43646,9752,905
630 --015,70015,700--------26,72529,48116,53827,562-
635/8 -----------15,700------
640/8 2881411323001,03615,7027231007,816125125772119466115113187470
9901 7,4991,036-2731,6191,917-15,774-4,109-1,2753,532-10,7762,7987,63720,133-1,32415,01742,78519,2262,435
75/76B ---01--31--4702,3963132,3133,2341282,094-
75 ---01--31--4702,3963132,3133,2341282,094-
65/66B 166430397438521,3691,4852,0583,8603,7243,9536,22712,0519,8309,53529,65918,5311,972
65 166430397438521,3691,4852,0583,8603,7243,9536,22712,0519,8309,53529,65918,5311,972
9903 7,333606-3128771,066-17,143-5,594-3,302-328-14,500-6853,8068,395-8,8418,71613,2542,789463
67/77 ----------5872--2,7073,4091,05857-
9904 7,333606-3128771,066-17,143-5,594-3,302-328-14,495-1,5573,8068,395-11,5485,30712,1962,732463
9905 7,333606-3128771,066-17,143-5,594-3,302-328-14,495-1,5573,8068,395-11,5485,30712,1962,732463
Appropriation of the result
9906 -31,567-38,900-39,506-39,194-40,071-41,137-23,994-18,400-15,098-14,770-2751,491-2,315-10,7105,83813,5312,745463
14P -38,900-39,506-39,194-40,071--------------
691/2 --------------5,00013,0001,410450
6920 ---------------13,0001,410450
6921 --------------5,000---
Document PDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDF

The notes to these accounts have 4 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Source: Annual accounts 2025 (PDF), filed on 27-03-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank
Financial year Type Filed Reference Document
30-09-2025 micro format 27-03-2026 2026-00063633 PDF
30-09-2024 micro format 21-03-2025 2025-00051939 PDF
30-09-2023 micro format 12-03-2024 2024-00042114 PDF
30-09-2022 micro format 02-05-2023 2023-00074165 PDF
30-09-2021 micro format 16-12-2021 2021-80500327 PDF
30-09-2020 micro format 15-03-2021 2021-07600280 PDF
30-09-2019 abbreviated format 26-03-2020 2020-07600474 PDF
30-09-2018 abbreviated format 25-03-2019 2019-07700522 PDF
30-09-2017 abbreviated format 29-03-2018 2018-08500109 PDF
30-09-2016 abbreviated format 20-03-2017 2017-07200018 PDF
30-09-2015 abbreviated format 27-05-2016 2016-13700260 PDF
30-09-2014 abbreviated format 17-03-2015 2015-06300486 PDF
30-09-2013 abbreviated format 17-03-2014 2014-06600343 PDF
30-09-2012 abbreviated format 08-03-2013 2013-06000478 PDF
30-09-2011 abbreviated format 20-03-2012 2012-06600372 PDF
30-09-2010 abbreviated format 14-03-2011 2011-05600237 PDF
30-09-2009 abbreviated format 14-04-2010 2010-09100025 PDF
30-09-2008 abbreviated format 23-03-2009 2009-08400183 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend202520242023202220212020201920182017201620152014201320122011201020092008
---27317,31917,617--------25,40144,49859,32346,788-
---31216,57716,766--------15,17734,78828,73430,294-
--000--------078,500012,90656,000
659-717774-4,390-2,2215,37678-1,255-1,9273,117-833-1,801-35,708-69,168-7,528---
6,893-440-1,046-734-17,311-20,79911,85620,11038,039-20,110-5,615-3,849-19,658-7,00617,442-3,215-31,949-49,337
5.1%-0.4%-0.6%-0.4%-0.8%-0.7%3.6%2.2%2.4%3.0%5.6%6.9%4.4%2.4%5.7%5.5%3.2%4.7%
1.051.000.991.000.920.941.031.071.100.950.990.990.960.991.050.990.890.63
1.040.980.990.980.920.780.860.860.940.880.930.920.890.981.000.930.030.40
18.72-----26.4444.1040.7432.7316.9313.5121.5740.7916.5817.1929.8320.21
106.4%------38.7%-43.1%-3.0%-128.4%-6.0%13.8%35.4%-75.2%19.7%56.5%29.1%6.9%
5.4%0.6%-0.2%0.4%0.5%-4.6%-1.4%-1.0%-0.1%-3.8%-0.3%1.0%1.6%-1.8%1.1%3.1%0.9%0.3%
---6.9923.31--------------

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Insights on MONGA

The operating result for 2025 is over 7.2 times that of 2024 and the highest since 2014. It is the second rise in a row, after the fall in 2023.

Debt's share of the balance-sheet total is 94.9%.

Board & ownership

Board

1 director, last change in 2024
Director (not named in the articles)
since 21-08-2007 term without a fixed end
listed in the 2025 annual accounts, filed on 27-03-2026
Signing authorityThe articles say who may bind the company, for example by signing a contract.
Each director alone
deed of 16-04-2024

Office holders in the KBO →

Mandates through the years

1 name, the dashed line is today

Board
Board
Mandates as a list
    • Board, from 21-08-2007 to date

See the board, name and registered office on a given date →

Control

Capital

Contribution
€18,600
Shares
186
Contribution per share
€100
Equity per share
€37.06 in 2025
Source
2025 annual accounts

Articles of association

deed of 16-04-2024 (in Dutch)
Board ruleThese rules set how the board is made up, meets and takes decisions.
At least 1 director
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Second Friday of March at 10:00
Liquidation ruleIn a liquidation the creditors are paid first. What is left goes to the shareholders.
“Om welke reden en op welk ogenblik ook, één of meerdere vereffenaars aanduiden,bevoegdheden omlijnen en vergoeding bepalen”

Network & group

No group

MONGA has no parent and no holdings in its annual accounts. is the only director. MONGA shares no director with another company.

At the same address

Sparrenstraat 21, 9870 Zulte · 3 other companies
RONDHOUT IMPORT ETIENNE MONCAREY
registered office since 11-03-1988 · founded in 1988
total assets €592,581 (2025)
0433.446.775
GEASSOCIEERD NOTARIS BIEKE VERHOEVE
registered office since 02-12-2011 · founded in 2011
total assets €389,813 (2025)
0841.502.021
Moncarey, Benoit (sole trader)
establishment since 03-01-1996
founded in 2015
0782.112.780

Timeline

Timeline

27 events since 2007

Deadline for the 2026 accounts: 30-04-2027

2026
Annual accounts 2025 filed PDFmicro format · 34 days before the deadline
Registered in the Peppol Directory Reachable for e-invoices through 0208:0891925391
2025
Annual accounts 2024 filed PDFmicro format · 40 days before the deadline
2024
Back to profit net €606 The net result is €606, after one loss-making year.
New director appointed, resigned · “Het beheer van een eigen onroerend vermogen, omvattend: het aanleggen, het oordeelkundig uitbouwen en beheren…” (deed in Dutch) · Director discharge: 6 points ▸
  • Purpose change, “Het beheer van een eigen onroerend vermogen, omvattend: het aanleggen, het oordeelkundig uitbouwen en beheren van een onroerend vermogen zowel in binnen- als…” (deed in Dutch)
  • 186 shares
  • Director resignation,
  • Director appointment, (director (not named in the articles))
  • Director discharge,
  • Registered office clause, Sparrenstraat 21, 9870 Zulte
  • The deed holds 5 more points.

Open the deed in the Belgian Official Gazette

Annual accounts 2023 filed PDFmicro format · 49 days before the deadline
2023
Annual accounts 2022 filed PDFmicro format · 2 days late
2021
Annual accounts 2021 filed PDFmicro format · 135 days before the deadline
Back to profit net €1,066 The net result is €1,066, after 6 loss-making years.
Annual accounts 2020 filed PDFmicro format · 46 days before the deadline
2020
Weakest financial year net -€17,143 The net result drops to -€17,143, the lowest from 2008 to 2025. It recovers the following year.
Annual accounts 2019 filed PDFabbreviated format · 35 days before the deadline
2019
Annual accounts 2018 filed PDFabbreviated format · 36 days before the deadline
2018
Annual accounts 2017 filed PDFabbreviated format · 32 days before the deadline
2017
Annual accounts 2016 filed PDFabbreviated format · 41 days before the deadline
2016
Annual accounts 2015 filed PDFabbreviated format · 27 days late
2015
Annual accounts 2014 filed PDFabbreviated format · 44 days before the deadline
2014
Annual accounts 2013 filed PDFabbreviated format · 44 days before the deadline
2013
Back to profit net €8,395 The net result is €8,395, after one loss-making year.
Annual accounts 2012 filed PDFabbreviated format · 53 days before the deadline
2012
Annual accounts 2011 filed PDFabbreviated format · 41 days before the deadline
2011
Annual accounts 2010 filed PDFabbreviated format · 47 days before the deadline
2010
Highest result from 2008 to 2025 net €12,196 ▲346% The operating result of €42,785 and the net result of €12,196 are both a record.
Annual accounts 2009 filed PDFabbreviated format · 16 days before the deadline
2009
Annual accounts 2008 filed PDFabbreviated format · 38 days before the deadline
2007
First establishment Sparrenstraat 21, Zulte
Incorporation PDFpublished on 17-09-2007

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

MONGA was incorporated on 7 September 2007.1 Total assets fell from €396,991 in 2019 to €135,927 in 2025.2

  1. 1KBO register
  2. 2National Bank, annual accounts 2019 and 2025

Company details

Identity

Enterprise number
0891.925.391
VAT number
BE 0891.925.391
Peppol ID
0208:0891925391
Other Peppol ID
9925:BE0891925391
Legal form
Private limited company
Status
Active, normal situation
Founded
07-09-2007
Financial year
ends on 30 September
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Second Friday of March at 10:00
deed of 16-04-2024 (in Dutch)
Peppol
Reachable since 05-01-2026Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
MONGA in Dutch
Entity type
Legal entity
Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Vlaams Gewest”
deed of 16-04-2024 (in Dutch)

Activities

NACEBEL 2025
02200 Logging main activity
Codes under NACEBEL 2008
02200 Logging main activity
46130 Wholesale trade
Codes under NACEBEL 2003
02012 main activity
51130
PurposeThe purpose describes the activities the company may carry out under its articles.
“Het beheer van een eigen onroerend vermogen,omvattend:het aanleggen,het oordeelkundig uitbouwen en beheren van een onroerend vermogen zowel…”
9 activities
  1. Het beheer van een eigen onroerend vermogen,omvattend:het aanleggen,het oordeelkundig uitbouwen en beheren van een onroerend vermogen zowel in binnen- als buitenland;alle verrichtingen met betrekking tot onroerende goederen en onroerende zakelijke rechten in de meest ruime zin;het aan- en verkopen in zowel volle eigendom als in vruchtgebruik en/of blote eigendom,ruilen,(doen) bouwen,(doen) verbouwen,onderhouden,verhuren,huren,ter beschikking stellen,verkavelen,prospecteren en uitbaten van onroerende goederen;het ontwerpen en opvolgen van projecten en het maken van studies met betrekking tot immobiliën;de aan- en verkoop,huur en verhuur van roerende goederen betreffende de inrichting en uitrusting van onroerende goederen,alsmede alle handelingen die rechtstreeks of onrechtstreeks met dit voorwerp in verband staan en die van aard zijn de opbrengst van de roerende en onroerende goederen te bevorderen
  2. Het aanleggen,het oordeelkundig uitbouwen en beheren van een eigen roerend patrimonium;het beleggen van beschikbare middelen in roerende goederen en waarden;alle verrichtingen met betrekking tot roerende goederen en rechten,van welke aard ook,zoals het verwerven door inschrijving of aankoop,het te gelde maken,inbrengen,afstaan,verhandelen en het beheren van aandelen,aandelenopties,obligaties,kasbons,afgeleide producten of andere roerende waarden,van welke vorm ook,van Belgische of buitenlandse,bestaande of nog op te richten rechtspersonen en ondernemingen
  3. Het beheer,het verwerven,de aan- en verkoop,het huren en verhuren,de commissiehandel en vertegenwoordiging,de instandhouding en valorisatie van roerende goederen;de huurfinanciering,het leasen,in leasing geven van roerende goederen aan derden,alsmede alle handelingen die rechtstreeks of onrechtstreeks met dit voorwerp in verband staan en die van aard zijn de opbrengst van de roerende goederen te bevorderen,zoals het onderhoud,de ontwikkeling,de verfraaiing en de verhuring van deze goederen
  4. Het aanvragen van patenten,octrooien of andere intellectuele eigendomsrechten op de door haar ontwikkelde scheppingen,uitvindingen,methodes,strategieën en analyses.De vennootschap kan deze rechten vrij overdragen,verkopen,wijzigen of leasen aan derden
  5. De ontginning van bossen
  6. De bewerking van alle houtproducten,de fabricage en de behandeling van parketvloeren,schrijn- en timmerwerk van hout voor bouwnijverheid
  7. De aankoop,verkoop,invoer,makelarij,consignatie,verwerking en bewerking van alle inlandse en buitenlandse houtsoorten en aanverwanten en alle wat rechtstreeks en onrechtstreeks in verband staat met voornoemde activiteiten
  8. Alle roerende verrichtingen,inzonderheid aankoop,verkoop,huur,verhuur,onroerende leasing,beheer,alsook uitbating op om het even welke wijze van alle onroerende goederen,met uitzondering van die activiteiten waarvoor een vestigingsattest als makelaar vereist is
  9. De productie en verkoop van zeep
deed of 16-04-2024 (in Dutch)

Registered office and establishments

1 establishment
Establishment Since Unit number
Sparrenstraat 21 registered office 9870 Zulte 0220001 Logging 05-10-2007 2.165.441.955

Buildings and parcels at the address

Ground area
2,518 m²
Buildings
311 m²
Volume, LiDAR
1,025 m³
Tallest building
5.2 m
Buildings to scale, each on its own parcel
311 m², 5.2 m 311 m², 5.2 m

Location

registered office establishment The establishment unit on the map
4 companies at this address See who is registered here

Parcels

Cadastral parcelArea Buildings Height / floors
44037B0368/00G0002,517 m² 1 · 311 m² 5.2 m · 1

Contact

Phone +32 9 386 33 01 establishment in Zulte