ZDEV
Annual accounts 2025
micro format, filed on 14-06-2026, 47 days before the deadlineTurnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €100,000. Estimated: probably between €90,000 and €130,000.
Balance sheet
balance sheet total €612,250 on 31-12-2025in euro
in euro
Position in the sector
37.7%
Higher than 32% of 21,206 companies in 2025.
0.62
Higher than 8% of 20,569 companies in 2025.
3.5%
Higher than 23% of 20,744 companies in 2025.
Net result: middle half · Equity: top quarter · Balance sheet total: top quarter · Working capital: bottom quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||
20/58 |
612,250 | 268,254 | 241,730 | 280,673 | 251,978 | 297,871 | 266,721 | 250,103 | 242,925 | 258,449 | 224,727 | 204,033 | 185,260 | 63,375 | |
21/28 |
541,300 | 89,718 | 94,812 | 102,404 | 114,342 | 123,400 | 136,616 | 128,599 | 132,684 | 151,935 | 143,666 | 133,989 | 141,708 | 12,340 | |
22/27 |
541,150 | 89,568 | 94,662 | 102,254 | 114,192 | 123,250 | 136,466 | 128,449 | 132,684 | 151,935 | 143,666 | 133,989 | 141,708 | 12,340 | |
22 |
531,382 | 86,912 | 92,642 | 98,372 | 104,102 | 109,833 | 115,563 | 121,293 | 117,616 | 122,405 | 127,195 | 131,984 | 134,504 | - | |
23 |
431 | 679 | 499 | 3,882 | 7,259 | 7,757 | 9,536 | 1,404 | 1,404 | 495 | 559 | 1,561 | 1,433 | 1,242 | |
24 |
9,337 | 1,977 | 1,521 | - | 2,831 | 5,661 | 11,368 | 5,752 | 13,664 | 29,034 | 15,912 | 444 | 5,771 | 11,098 | |
28 |
150 | 150 | 150 | 150 | 150 | 150 | 150 | 150 | - | - | - | - | - | - | |
29/58 |
70,949 | 178,535 | 146,918 | 178,269 | 137,636 | 174,470 | 130,104 | 121,504 | 110,240 | 106,514 | 81,061 | 70,043 | 43,552 | 51,035 | |
29 |
- | 59,620 | 59,620 | 58,000 | 23,000 | 71,000 | 45,000 | 47,476 | 44,366 | 30,721 | - | - | - | - | |
291 |
- | 59,620 | 59,620 | 58,000 | 23,000 | 71,000 | 45,000 | 47,476 | 44,366 | 30,721 | - | - | - | - | |
40/41 |
15,754 | 81,202 | 61,032 | 14,204 | 31,460 | 17,604 | 36,610 | 43,199 | 46,932 | 37,682 | 62,408 | 32,239 | 36,949 | 22,190 | |
40 |
15,754 | 28,459 | 25,410 | 12,584 | 31,460 | 15,246 | 27,443 | 32,041 | 29,621 | 27,007 | 60,887 | 32,234 | 36,949 | 21,412 | |
41 |
- | 52,742 | 35,622 | 1,620 | - | 2,358 | 9,167 | 11,159 | 17,311 | 10,675 | 1,521 | 5 | - | 778 | |
54/58 |
55,195 | 37,714 | 26,266 | 106,065 | 83,176 | 85,202 | 48,495 | 30,829 | 18,942 | 38,110 | 18,652 | 37,804 | 6,604 | 28,845 | |
490/1 |
- | - | - | - | - | 665 | - | - | - | - | - | - | - | - | |
| Balance sheet: equity and liabilities | |||||||||||||||
10/49 |
612,250 | 268,254 | 241,730 | 280,673 | 251,978 | 297,871 | 266,721 | 250,103 | 242,925 | 258,449 | 224,727 | 204,033 | 185,260 | 63,375 | |
10/15 |
230,553 | 208,943 | 178,541 | 195,281 | 157,628 | 191,982 | 163,124 | 130,910 | 104,483 | 92,689 | 85,895 | 59,208 | 38,299 | 33,247 | |
10/11 |
6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | |
100 |
- | - | - | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | - | - | - | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | |
13 |
224,353 | 202,743 | 172,341 | 189,081 | 151,428 | 185,782 | 156,924 | 124,710 | 98,283 | 86,489 | 79,695 | 53,008 | 27,300 | 1,352 | |
130/1 |
- | 1,605 | 1,605 | 1,605 | 1,605 | 1,605 | - | - | - | - | - | 20,654 | - | - | |
130 |
- | - | - | - | - | - | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,605 | 1,352 | |
1311 |
- | 1,605 | 1,605 | 1,605 | 1,605 | 1,605 | - | - | - | - | - | - | - | - | |
1319 |
- | - | - | - | - | - | - | - | - | - | - | 20,654 | - | - | |
133 |
224,353 | 201,138 | 170,736 | 187,476 | 149,823 | 184,177 | 155,064 | 122,850 | 96,423 | 84,629 | 77,835 | 30,494 | 25,695 | - | |
14 |
- | - | - | - | - | - | - | - | - | - | - | - | 4,799 | 25,695 | |
17/49 |
381,697 | 59,310 | 63,189 | 85,392 | 94,350 | 105,889 | 103,596 | 119,193 | 138,442 | 165,760 | 138,832 | 144,825 | 146,962 | 30,128 | |
17 |
267,220 | 31,253 | 41,097 | 50,668 | 59,973 | 69,020 | 80,075 | 91,975 | 98,049 | 119,153 | 109,027 | 116,103 | 122,913 | - | |
170/4 |
267,220 | 31,253 | 41,097 | 50,668 | 59,973 | 69,020 | 80,075 | 91,975 | 98,049 | 119,153 | 109,027 | 116,103 | 122,913 | - | |
42/48 |
114,477 | 28,058 | 22,092 | 34,724 | 34,377 | 36,869 | 23,522 | 27,218 | 40,393 | 44,606 | 29,805 | 28,326 | 24,049 | 27,679 | |
42 |
13,643 | 12,900 | 12,625 | 12,331 | 12,073 | 14,080 | 14,923 | 19,542 | 25,452 | 25,149 | 8,594 | 10,387 | 7,087 | 8,714 | |
43 |
- | - | 462 | - | - | - | - | - | - | - | - | - | - | - | |
430/8 |
- | - | 462 | - | - | - | - | - | - | - | - | - | - | - | |
44 |
4,240 | 5,182 | 2,883 | 3,045 | 2,254 | 7,022 | 4,108 | 2,449 | 7,306 | 2,225 | 3,592 | 10,190 | 4,670 | 2,898 | |
440/4 |
4,240 | 5,182 | 2,883 | 3,045 | 2,254 | 7,022 | 4,108 | 2,449 | 7,306 | 2,225 | 3,592 | 10,190 | 4,670 | 2,898 | |
45 |
11,959 | 9,975 | 6,122 | 19,055 | 19,829 | 15,306 | 4,476 | 5,227 | 7,345 | 17,191 | 17,619 | 4,874 | 7,074 | 16,068 | |
450/3 |
11,959 | 9,975 | 6,122 | 19,055 | 19,829 | 15,306 | 4,476 | 3,227 | 7,345 | 15,021 | 17,461 | 4,587 | 7,074 | 14,436 | |
454/9 |
- | - | - | - | - | - | - | 2,000 | - | 2,171 | 158 | 287 | - | 1,631 | |
47/48 |
84,635 | - | - | 293 | 221 | 461 | 14 | - | 291 | 41 | - | 2,874 | 5,217 | - | |
492/3 |
- | - | - | - | - | - | - | - | - | 2,001 | - | 396 | - | 2,449 | |
| Income statement | |||||||||||||||
76A |
- | 7,000 | 2,273 | - | - | - | - | - | - | - | - | - | - | - | |
9900 |
52,578 | 50,703 | 16,358 | 72,225 | 80,124 | 56,930 | 65,777 | 69,606 | 47,410 | 35,310 | 70,414 | 54,492 | 34,691 | 46,225 | |
630 |
86,386 | 6,762 | 9,391 | 11,938 | 11,450 | 14,414 | 14,709 | 23,509 | 20,986 | 20,966 | 14,057 | 11,665 | 24,920 | 5,430 | |
640/8 |
4,669 | 2,257 | 2,967 | 4,873 | 4,106 | 1,189 | 2,653 | 4,514 | 2,253 | 2,589 | 2,877 | 2,176 | 1,674 | 1,253 | |
9901 |
-38,477 | 41,684 | 4,000 | 55,414 | 64,568 | 41,327 | 48,415 | 41,583 | 24,171 | 11,755 | 53,481 | 40,651 | 8,097 | 39,542 | |
75/76B |
83,735 | 4,763 | 3,289 | 1,620 | 16 | 2,380 | 1,897 | 1,872 | 977 | 4,980 | 24 | 19 | 162 | 38 | |
75 |
208 | 4,763 | 3,289 | 1,620 | 16 | 2,380 | 1,897 | 1,872 | 977 | 660 | 24 | 19 | 162 | 38 | |
76B |
83,527 | - | - | - | - | - | - | - | - | 4,320 | - | - | - | - | |
65/66B |
13,686 | 4,056 | 3,104 | 2,209 | 2,702 | 3,163 | 4,618 | 4,934 | 4,720 | 4,967 | 5,175 | 6,469 | 317 | 220 | |
65 |
13,686 | 4,056 | 3,104 | 2,209 | 2,702 | 3,163 | 4,618 | 4,934 | 4,720 | 4,967 | 5,175 | 6,469 | 317 | 220 | |
9903 |
31,572 | 42,391 | 4,185 | 54,825 | 61,882 | 40,544 | 45,694 | 38,522 | 20,428 | 11,768 | 48,330 | 34,201 | 7,941 | 39,360 | |
67/77 |
9,962 | 11,989 | 2,337 | 17,173 | 18,147 | 11,686 | 13,479 | 12,095 | 8,634 | 4,974 | 21,643 | 13,292 | 2,890 | 12,313 | |
9904 |
21,609 | 30,402 | 1,848 | 37,653 | 43,736 | 28,858 | 32,215 | 26,427 | 11,794 | 6,794 | 26,687 | 20,909 | 5,051 | 27,047 | |
9905 |
21,609 | 30,402 | 1,848 | 37,653 | 43,736 | 28,858 | 32,215 | 26,427 | 11,794 | 6,794 | 26,687 | 20,909 | 5,051 | 27,047 | |
| Appropriation of the result | |||||||||||||||
9906 |
21,609 | 30,402 | 1,848 | 37,653 | 43,736 | 28,858 | 32,215 | 26,427 | 11,794 | 6,794 | 26,687 | 25,707 | 30,746 | 27,047 | |
791/2 |
- | - | 18,588 | - | 78,090 | - | - | - | - | - | - | - | - | - | |
691/2 |
21,609 | 30,402 | 1,848 | 37,653 | 43,736 | 28,858 | 32,215 | 26,427 | 11,794 | 6,794 | 26,687 | 25,707 | 25,948 | 1,352 | |
6920 |
- | - | - | - | - | - | - | - | - | - | - | 255 | 253 | 1,352 | |
6921 |
21,609 | 30,402 | 1,848 | 37,653 | 43,736 | 28,858 | 32,215 | 26,427 | 11,794 | 6,794 | 26,687 | 25,452 | 25,695 | - | |
694/7 |
- | - | 18,588 | - | 78,090 | - | - | - | - | - | - | - | - | - | |
694 |
- | - | 18,588 | - | 78,090 | - | - | - | - | - | - | - | - | - | |
| Document | |||||||||||||||
The notes to these accounts have 9 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 14-06-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 14-06-2026 | 2026-00160882 | |
| 31-12-2024 | micro format | 27-05-2025 | 2025-00114575 | |
| 31-12-2023 | micro format | 06-05-2024 | 2024-00084575 | |
| 31-12-2022 | micro format | 08-05-2023 | 2023-00083751 | |
| 31-12-2021 | micro format | 13-05-2022 | 2022-20030423 | |
| 31-12-2020 | micro format | 03-05-2021 | 2021-13200521 | |
| 31-12-2019 | micro format | 14-05-2020 | 2020-12400305 | |
| 31-12-2018 | micro format | 29-05-2019 | 2019-15800485 | |
| 31-12-2017 | micro format | 13-06-2018 | 2018-18600217 | |
| 31-12-2016 | micro format | 14-05-2018 | 2018-12800221 | |
| 31-12-2015 | abbreviated format | 09-05-2016 | 2016-12100037 | |
| 31-12-2014 | abbreviated format | 28-05-2015 | 2015-13900453 | |
| 31-12-2013 | abbreviated format | 08-08-2014 | 2014-42400152 | |
| 31-12-2012 | abbreviated format | 23-05-2013 | 2013-13200395 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 47,909 | 48,446 | 13,391 | 67,352 | 76,018 | 55,741 | 63,124 | 65,092 | 45,157 | 32,721 | 67,538 | 52,316 | 33,017 | 44,972 | ||
| 107,996 | 37,164 | 11,240 | 49,591 | 55,185 | 43,272 | 46,923 | 49,936 | 32,780 | 27,761 | 40,744 | 32,574 | 29,971 | 32,477 | ||
| 624,881 | 1,668 | 1,799 | 0 | 2,391 | 1,198 | 22,726 | 19,424 | 1,735 | 44,337 | 23,733 | 3,947 | 154,288 | 17,770 | ||
| 17,481 | 11,448 | -79,799 | 22,889 | -2,026 | 36,707 | 17,666 | 11,887 | -19,168 | 19,458 | -19,152 | 31,200 | -22,241 | - | ||
| -43,528 | 150,478 | 124,826 | 143,545 | 103,259 | 137,602 | 106,583 | 94,286 | 69,847 | 61,908 | 51,255 | 41,717 | 19,503 | 23,356 | ||
| 37.7% | 77.9% | 73.9% | 69.6% | 62.6% | 64.5% | 61.2% | 52.3% | 43.0% | 35.9% | 38.2% | 29.0% | 20.7% | 52.5% | ||
| 0.62 | 6.36 | 6.65 | 5.13 | 4.00 | 4.73 | 5.53 | 4.46 | 2.73 | 2.39 | 2.72 | 2.47 | 1.81 | 1.84 | ||
| 1.66 | 0.28 | 0.35 | 0.44 | 0.60 | 0.55 | 0.64 | 0.91 | 1.33 | 1.79 | 1.62 | 2.45 | 3.84 | 0.91 | ||
| 9.4% | 14.6% | 1.0% | 19.3% | 27.7% | 15.0% | 19.7% | 20.2% | 11.3% | 7.3% | 31.1% | 35.3% | 13.2% | 81.4% | ||
| 3.5% | 11.3% | 0.8% | 13.4% | 17.4% | 9.7% | 12.1% | 10.6% | 4.9% | 2.6% | 11.9% | 10.2% | 2.7% | 42.7% | ||
| 3.50 | 11.94 | 4.31 | 30.49 | 28.14 | - | - | - | - | - | - | - | - | - |
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.
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €624,881 | €1,668 | €1,799 | - | €2,391 |
| €86,386 | €6,762 | €9,391 | €11,938 | €11,450 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on ZDEV
The operating result for 2025 is a loss of €38,477, after a profit of €41,684 in 2024. It is the lowest result since 2012.
Debt's share of the balance-sheet total rises from 22.1% to 62.3%. Equity and debt are higher.