ZAGARA (0428.580.939): annual accounts, directors and company register

ZAGARA

Brussels ·KBO/BCE: BE 0428.580.939

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%

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2007	2006
Balance sheet: assets
`20/58`	944,553	1.1m	1.9m	2.0m	341,706	351,762	360,765	374,072	373,975	374,919	375,862	376,806	624,583	623,015	748,963	717,614	655,865	647,239	650,306
`21/28`	621,669	619,474	1.9m	2.0m	341,351	351,342	360,765	372,734	373,975	374,919	375,862	376,806	624,583	623,015	623,924	618,313	593,057	626,812	646,045
`22/27`	621,459	619,264	1.9m	2.0m	341,351	351,342	360,765	372,734	373,975	374,919	375,862	376,806	624,583	623,015	623,924	618,313	593,057	626,812	646,045
`22`	618,000	618,000	1.9m	1.9m	291,300	293,308	295,316	297,324	297,324	297,324	297,324	297,324	545,218	545,218	545,218	545,532	547,540	551,556	553,564
`24`	3,459	1,264	187	598	1,043	1,488	1,700	877	1,282	2,225	3,169	4,112	5,056	5,655	6,565	4,732	4,314	-	-
`26`	-	-	32,919	40,910	49,008	56,546	63,749	74,532	75,369	75,369	75,369	75,369	74,309	72,142	72,142	68,050	41,204	75,257	92,482
`28`	210	210	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`29/58`	322,883	513,345	361	346	355	420	-	1,338	-	-	-	-	-	-	125,040	99,300	62,808	20,427	4,260
`29`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	125,000	-	-	-	-
`291`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	125,000	-	-	-	-
`40/41`	85,146	513,345	-	-	-	-	-	-	-	-	-	-	-	-	-	99,300	62,808	20,427	-
`40`	-	62	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`41`	85,146	513,283	-	-	-	-	-	-	-	-	-	-	-	-	-	99,300	62,808	20,427	-
`54/58`	237,738	-	-	23	-	-	-	1,338	-	-	-	-	-	-	-	-	-	-	4,260
`490/1`	-	-	361	323	355	420	-	-	-	-	-	-	-	-	40	-	-	-	-
Balance sheet: equity and liabilities
`10/49`	944,553	1.1m	1.9m	2.0m	341,706	351,762	360,765	374,072	373,975	374,919	375,862	376,806	624,583	623,015	748,963	717,614	655,865	647,239	650,306
`10/15`	649,092	715,955	1.1m	1.1m	-554,866	-509,333	-511,576	-455,235	-409,476	-359,021	-309,715	-263,796	50,732	103,338	136,613	158,664	208,734	219,596	226,155
`10/11`	6,197	6,197	6,197	6,197	6,197	6,197	6,197	6,197	6,197	6,197	6,197	6,197	6,197	6,197	6,197	6,197	6,197	6,197	6,197
`100`	-	-	-	-	-	-	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592
`101`	-	-	-	-	-	-	12,395	12,395	12,395	12,395	12,395	12,395	12,395	12,395	12,395	12,395	12,395	12,395	12,395
`12`	476,687	476,687	1.7m	1.7m	99,157	99,157	99,157	99,157	99,157	99,157	99,157	99,157	347,051	347,051	347,051	347,051	347,051	347,051	347,051
`13`	873,324	873,324	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`132`	873,324	873,324	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`14`	-707,116	-640,253	-651,896	-658,460	-660,220	-614,688	-616,931	-560,590	-514,830	-464,376	-415,070	-369,150	-302,517	-249,910	-216,635	-194,584	-144,514	-133,652	-127,094
`16`	291,108	291,108	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`168`	291,108	291,108	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`17/49`	4,353	125,756	867,293	884,251	896,572	861,095	872,342	829,307	783,451	733,940	685,577	640,601	573,851	519,676	612,350	558,949	447,131	427,643	424,151
`17`	-	115,788	184,625	222,050	264,271	270,621	293,817	245,829	218,436	191,059	171,251	155,535	471,379	472,426	571,755	524,071	411,439	30,933	26,482
`170/4`	-	-	-	-	-	-	-	-	-	-	-	-	369,739	380,534	390,561	399,876	365,000	-	-
`176`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	181,193	124,196	-	-	-
`178/9`	-	115,788	184,625	222,050	264,271	270,621	293,817	245,829	218,436	191,059	171,251	155,535	101,641	91,892	-	-	46,439	30,933	26,482
`42/48`	4,353	9,968	583,530	591,072	585,113	566,881	561,576	566,529	547,045	521,505	494,002	466,408	86,814	33,730	28,576	26,060	20,969	392,609	393,569
`43`	-	-	548,246	546,921	546,921	546,921	546,921	522,538	498,548	474,493	450,503	426,513	28,521	4,436	7,848	6,482	7,028	377,779	378,000
`430/8`	-	-	56,955	55,630	55,630	55,630	55,630	51,095	46,633	42,159	37,697	33,235	28,521	4,436	7,848	6,482	7,028	377,779	378,000
`439`	-	-	491,291	491,291	491,291	491,291	491,291	471,443	451,915	432,334	412,806	393,278	-	-	-	-	-	-	-
`44`	4,353	9,968	35,284	44,151	38,192	19,959	10,875	3,710	11,996	12,112	10,401	8,373	23,465	12,781	10,316	12,124	6,487	7,377	6,664
`440/4`	4,353	9,968	35,284	44,151	38,192	19,959	10,875	3,710	11,996	12,112	10,401	8,373	23,465	12,781	10,316	12,124	6,487	7,377	6,664
`45`	-	-	-	-	-	-	3,780	3,780	-	-	-	-	-	-	-	-	-	-	-
`450/3`	-	-	-	-	-	-	3,780	3,780	-	-	-	-	-	-	-	-	-	-	-
`47/48`	-	-	-	-	-	-	-	36,501	36,501	34,901	33,098	31,522	34,828	16,512	10,412	7,454	7,454	7,454	8,905
`492/3`	-	-	99,138	71,129	47,188	23,594	16,949	16,949	17,969	21,375	20,324	18,658	15,658	13,521	12,019	8,818	14,724	4,100	4,100
Income statement
`76A`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	13,350	-	-
`9900`	-61,016	1.2m	45,915	40,725	-6,130	41,105	-105	-16,054	-19,438	-17,720	-17,425	-18,806	-25,609	-12,243	-15,101	-13,937	28,992	43,491	48,647
`630`	1,425	126	10,409	10,551	10,440	10,582	33,873	1,241	944	944	944	944	944	909	2,273	24,312	19,471	19,233	19,895
`640/8`	4,409	10,088	4,415	4,635	4,282	4,331	4,205	4,475	4,417	5,052	1,869	3,437	3,742	5,614	6,085	15	8,776	3,333	3,111
`66A`	-	-	-	-	-	-	-	-	-	-	-	8,737	-	301	-	-	13,785	-	-
`9901`	-66,849	1.2m	31,090	25,539	-20,852	26,191	-38,183	-21,770	-24,799	-23,716	-20,238	-23,186	-30,294	-18,766	-23,459	-38,263	745	20,925	25,641
`75/76B`	2,307	25,238	-	-	-	-	-	-	-	-	-	-	-	-	17,796	-	-	929	-
`75`	2,307	25,238	-	-	-	-	-	-	-	-	-	-	-	-	17,796	-	-	929	-
`65/66B`	219	-	24,525	23,779	24,680	23,948	18,158	23,990	25,655	25,590	25,682	34,711	22,312	14,209	16,388	11,806	23,110	28,412	18,015
`65`	219	-	24,525	23,779	24,680	23,948	18,158	23,990	25,655	25,590	25,682	34,711	22,312	14,209	16,388	11,806	23,110	28,412	18,015
`9903`	-64,761	1.2m	6,564	1,760	-45,533	2,243	-56,341	-45,760	-50,454	-49,306	-45,920	-66,634	-52,606	-33,275	-22,051	-50,070	-22,800	-6,558	7,626
`680`	-	291,108	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`67/77`	2,102	2,109	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`9904`	-66,863	884,967	6,564	1,760	-45,533	2,243	-56,341	-45,760	-50,454	-49,306	-45,920	-66,634	-52,606	-33,275	-22,051	-50,070	-22,800	-6,558	7,626
`689`	-	873,324	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`9905`	-66,863	11,643	6,564	1,760	-45,533	2,243	-56,341	-45,760	-50,454	-49,306	-45,920	-66,634	-52,606	-33,275	-22,051	-50,070	-22,800	-6,558	7,626
Appropriation of the result
`9906`	-707,116	-640,253	-651,896	-658,460	-660,220	-614,688	-616,931	-560,590	-514,830	-464,376	-415,070	-369,150	-302,517	-249,910	-216,635	-194,584	-144,514	-133,652	-127,094
`14P`	-640,253	-651,896	-658,460	-660,220	-614,688	-	-	-	-	-	-	-	-	-	-	-	-	-	-
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Financial year	Type	Filed	Reference	Document
31-12-2025	micro format	28-08-2026	2026-00450965	PDF
30-12-2024	micro format	01-09-2025	2025-00473173	PDF
30-12-2023	micro format	30-08-2024	2024-00415841	PDF
30-12-2022	micro format	01-09-2023	2023-00443456	PDF
30-12-2021	micro format	31-08-2022	2022-20401966	PDF
30-12-2020	micro format	30-12-2021	2021-82400130	PDF
30-12-2019	micro format	18-08-2020	2020-42500219	PDF
30-12-2018	micro format	01-08-2019	2019-43000367	PDF
30-12-2017	micro format	29-09-2018	2018-67400415	PDF
30-12-2016	full format	12-08-2017	2017-43500168	PDF
30-12-2015	full format	20-08-2016	2016-44200048	PDF
30-12-2014	full format	19-08-2015	2015-43300131	PDF
30-12-2013	full format	29-08-2014	2014-56000591	PDF
30-12-2012	full format	30-08-2013	2013-56800174	PDF
30-12-2011	full format	26-08-2012	2012-47700396	PDF
30-12-2010	full format	23-06-2011	2011-18500130	PDF
30-12-2009	full format	23-08-2010	2010-46200320	PDF
30-12-2008	full format	30-04-2010	2010-10900104	PDF
30-12-2007	full format	29-08-2008	2008-70900126	PDF
30-12-2006	full format	29-08-2007	2007-70600198	PDF
30-12-2005	full format	25-08-2006	2006-66304781	PDF
30-12-2004	full format	28-12-2005	2005-91403960	PDF
30-12-2003	full format	28-12-2005	2005-91403946	PDF
30-12-2002	full format	07-07-2003	2003-40202128	PDF
30-12-2001	full format	07-07-2003	2003-36800229	PDF
30-12-2000	full format	07-07-2003	2003-36800228	PDF

2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2007	2006
-65,425	1.2m	41,499	36,090	-10,412	36,774	-4,310	-20,529	-23,856	-22,772	-19,294	-22,242	-29,351	-17,856	-21,186	-13,952	20,216	40,158	45,536
-65,438	885,093	16,974	12,311	-35,092	12,826	-22,468	-44,519	-49,511	-48,362	-44,976	-65,690	-51,663	-32,366	-19,778	-25,758	-3,328	12,675	27,522
3,620	2,912	0	1.6m	449	1,159	21,904	0	0	0	0	1,060	2,512	0	7,884	49,568	-	0	-
318,531	503,377	-583,169	-590,726	-584,758	-566,461	-	-565,190	-	-	-	-	-	-	96,463	73,241	41,839	-372,183	-389,309
68.7%	63.2%	55.5%	54.9%	-162.4%	-144.8%	-141.8%	-121.7%	-109.5%	-95.8%	-82.4%	-70.0%	8.1%	16.6%	18.2%	22.1%	31.8%	33.9%	34.8%
74.18	51.50	0.00	0.00	0.00	0.00	-	0.00	-	-	-	-	-	-	4.38	3.81	3.00	0.05	0.01
0.01	0.18	0.80	0.82	-	-	-	-	-	-	-	-	11.31	5.03	4.48	3.52	2.14	1.95	1.88
-10.3%	123.6%	0.6%	0.2%	-	-	-	-	-	-	-	-	-103.7%	-32.2%	-16.1%	-31.6%	-10.9%	-3.0%	3.4%
-7.1%	78.1%	0.3%	0.1%	-13.3%	0.6%	-15.6%	-12.2%	-13.5%	-13.2%	-12.2%	-17.7%	-8.4%	-5.3%	-2.9%	-7.0%	-3.5%	-1.0%	1.2%
-299.30	-	1.69	1.52	-0.42	-	-	-	-	-	-	-	-	-	-	-	-	-	-

Item	2025	30-12-2024	30-12-2023	30-12-2022	30-12-2021
Tangible fixed assets	€3,620	€2,702	-	-	€449
Financial fixed assets	-	€210	-	-	-
	€1,425	€126	€10,409	€10,551	€10,440

KEYROCK establishment since 11-12-2017 · founded in 2017 · accounts filed late	turnover €46.0m (2025) 0685.795.245
PHG ASSET MANAGEMENT registered office since 05-07-2004 · founded in 2004 · negative equity (2025)	total assets €38.2m (2025) 0866.158.926
MACAN DEVELOPMENT registered office since 21-12-2012 · founded in 2013	turnover €4.8m (2025) 0508.869.423
MACAN.GROUP registered office since 29-06-1999 · founded in 1999 · group PHG ASSET MANAGEMENT	4.2 FTE (2025) 0466.381.344
Société de Transactions Immobilières et de Constructions registered office since 05-04-1952 · founded in 1952	turnover €2.3m (2025) 0403.330.057
FAIR ESTATE INVEST registered office since 19-11-1992 · founded in 1989 · group ROGLINE	total assets €21.9m (2025) 0437.562.644
L375 registered office since 16-11-2021 · founded in 2021 · negative equity (2025)	turnover €425,257 (2025) 0777.392.840
SI INVEST registered office since 08-01-2004 · founded in 2004	7 FTE (2025) 0862.540.925
SOUTH MED INVESTMENTS LIMITED establishment since 27-06-2000 · founded in 2000 · group CAPARBEL	total assets €13.1m (2025) 0471.991.904
SMARTFLATS registered office since 16-10-2012 · founded in 2012	23 FTE (2024) 0849.650.615

Establishment	Since	Unit number
Louizalaan 251 registered office 1050 Brussels
Establishment unit 68201 Renting and operating of own or leased residential real estate, excluding social housing	03-01-1994	2.064.921.449

Cadastral parcel	Area	Buildings	Height / floors
21822R0226/00W011	3,529 m²	1 · 1,878 m²	38.1 m · 7
21807G0135/00T003	1,574 m²	1 · 1,579 m²	46.6 m · 13

Overview

Lifetime

Key points

Equity

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At the same address

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Comparable companies, two years later

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Annual accounts 2025

Insights on ZAGARA

Financials

Annual accounts 2025

Balance sheet

Change in equityin euro

Filed annual accounts

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Key figures and ratios

Investments

Insights on ZAGARA

Board & ownership

Board

Mandates through the years

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No group

At the same address

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Timeline

History

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Identity

Activities

Registered office and establishments

Buildings and parcels at the addresses

Location

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in euro