Zhan
Annual accounts 2025
micro format, filed on 28-07-2026, 3 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 ≈ €340,000. Estimated: probably between €250,000 and €420,000.
Amounts without an identifiable currency are taken as euros.
Balance sheet
balance sheet total €100,716 on 31-12-2025in euro
in euro
Position in the sector
83.3%
Higher than 93% of 17,162 companies in 2025.
5.42
Higher than 92% of 16,586 companies in 2025.
61.7%
Higher than 95% of 16,669 companies in 2025.
Net result: top quarter · Equity: middle half · Balance sheet total: middle half · Working capital: top quarter
Staff
€5,073
Staff costs divided by the average number of full-time equivalents.
level
In 2025, 2 people joined and 2 left.
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||
20/58 |
100,716 | 224,940 | 161,770 | 192,329 | 275,103 | 220,485 | 138,665 | |
21/28 |
9,633 | 27,589 | 47,360 | 65,127 | 100,125 | 137,063 | 78,274 | |
21 |
1,792 | 4,292 | 6,792 | 9,505 | 12,325 | 15,145 | 17,965 | |
22/27 |
7,841 | 23,298 | 40,569 | 55,622 | 87,800 | 121,918 | 57,459 | |
23 |
4,414 | 3,001 | 3,395 | 1,231 | 16,304 | 35,624 | 56,229 | |
24 |
3,427 | 20,297 | 37,174 | 54,391 | 71,496 | 86,294 | 1,231 | |
28 |
- | - | - | - | - | 0 | 2,850 | |
29/58 |
91,083 | 197,351 | 114,410 | 127,202 | 174,978 | 83,421 | 60,391 | |
3 |
2,118 | 13,553 | 21,393 | 11,127 | 12,400 | 8,900 | 8,900 | |
30/36 |
2,118 | 13,553 | 21,393 | 11,127 | 12,400 | 8,900 | 8,900 | |
40/41 |
23,666 | 20,238 | 19,789 | 19,151 | 36,277 | 1,626 | 1,346 | |
41 |
23,666 | 20,238 | 19,789 | 19,151 | 36,277 | 1,626 | 1,346 | |
54/58 |
64,263 | 160,027 | 72,554 | 95,118 | 122,510 | 70,399 | 48,198 | |
490/1 |
1,036 | 3,533 | 675 | 1,806 | 3,791 | 2,497 | 1,948 | |
| Balance sheet: equity and liabilities | ||||||||
10/49 |
100,716 | 224,940 | 161,770 | 192,329 | 275,103 | 220,485 | 138,665 | |
10/15 |
83,896 | 188,876 | 130,072 | 119,019 | 162,540 | 84,135 | 30,609 | |
10/11 |
18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
100 |
- | - | - | - | - | - | 18,600 | |
13 |
65,296 | 170,276 | 111,472 | 100,419 | 143,940 | 65,535 | 12,009 | |
130/1 |
- | - | 1,860 | 1,860 | 1,860 | 1,860 | - | |
130 |
- | - | - | - | - | - | 1,860 | |
1311 |
- | - | 1,860 | 1,860 | 1,860 | 1,860 | - | |
133 |
65,296 | 170,276 | 109,612 | 98,559 | 142,080 | 63,675 | 10,149 | |
17/49 |
16,820 | 36,064 | 31,698 | 73,310 | 112,563 | 136,350 | 108,056 | |
17 |
- | - | 4,916 | 19,443 | 33,647 | 47,535 | - | |
170/4 |
- | - | 4,916 | 19,443 | 33,647 | 47,535 | - | |
42/48 |
16,820 | 36,064 | 26,783 | 53,868 | 78,916 | 88,339 | 107,947 | |
42 |
- | 4,916 | 14,527 | 14,204 | 13,888 | 13,580 | - | |
44 |
3,651 | 2,763 | 442 | 1,674 | 7,622 | 5,158 | 8,822 | |
440/4 |
3,651 | 2,763 | 442 | 1,674 | 7,622 | 5,158 | 8,822 | |
45 |
10,169 | 21,945 | 11,374 | 37,989 | 40,639 | 10,256 | 4,273 | |
450/3 |
4,636 | 20,197 | 9,625 | 33,536 | 39,261 | 10,224 | 4,013 | |
454/9 |
5,533 | 1,748 | 1,748 | 4,453 | 1,378 | 32 | 259 | |
47/48 |
3,000 | 6,440 | 440 | - | 16,766 | 59,346 | 94,851 | |
492/3 |
- | - | - | - | - | 476 | 110 | |
| Income statement | ||||||||
9900 |
110,314 | 111,855 | 112,680 | 87,996 | 146,292 | 98,082 | 89,754 | |
62 |
10,146 | 9,414 | 12,389 | 13,150 | 8,807 | 3,070 | 8,089 | |
630 |
19,951 | 19,771 | 20,386 | 34,998 | 40,458 | 37,264 | 30,502 | |
631/4 |
- | - | - | - | - | 0 | - | |
640/8 |
2,096 | 1,729 | 3,644 | 6,045 | 6,559 | 5,545 | 15,481 | |
9901 |
78,121 | 80,941 | 76,260 | 33,803 | 90,467 | 52,202 | 35,682 | |
75/76B |
304 | 306 | 1,305 | 1,237 | 558 | 12,648 | 116 | |
75 |
304 | 306 | 1,305 | 1,237 | 558 | 8 | - | |
76B |
- | - | - | - | - | 12,640 | 116 | |
65/66B |
466 | 409 | 432 | 1,211 | 1,275 | 1,109 | 683 | |
65 |
466 | 409 | 432 | 1,211 | 1,275 | 1,109 | 683 | |
9903 |
77,959 | 80,837 | 77,133 | 33,829 | 89,751 | 63,741 | 35,114 | |
67/77 |
15,826 | 16,033 | 16,080 | 7,351 | 22,706 | 10,215 | 3,105 | |
9904 |
62,134 | 64,804 | 61,053 | 26,478 | 67,045 | 53,526 | 32,009 | |
9905 |
62,134 | 64,804 | 61,053 | 26,478 | 67,045 | 53,526 | 32,009 | |
| Appropriation of the result | ||||||||
9906 |
62,134 | 64,804 | 61,053 | 26,478 | 67,045 | 53,526 | 32,009 | |
791/2 |
167,114 | - | 50,000 | 70,000 | - | - | - | |
691/2 |
62,134 | 58,804 | 61,053 | 26,478 | 67,045 | 53,526 | 12,009 | |
6920 |
- | - | - | - | - | 0 | 1,860 | |
6921 |
62,134 | 58,804 | 61,053 | 26,478 | 67,045 | 53,526 | 10,149 | |
694/7 |
167,114 | 6,000 | 50,000 | 70,000 | - | 0 | 20,000 | |
694 |
167,114 | - | 50,000 | 70,000 | - | - | - | |
695 |
- | 6,000 | - | - | - | 0 | 20,000 | |
| Social balance sheet | ||||||||
9087 |
2 | 2 | 2 | 2.3 | 1.9 | - | - | |
Hours worked1013 |
604 | 562 | 780 | 834 | 599 | - | - | |
| Document | ||||||||
The notes to these accounts have 8 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 28-07-2026.
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 | 28-07-2026 | 2026-00342176 | |
| 31-12-2024 | micro format | 04-08-2025 | 2025-00355091 | |
| 31-12-2023 | micro format | 30-08-2024 | 2024-00405336 | |
| 31-12-2022 | micro format | 27-09-2023 | 2023-00455771 | |
| 31-12-2021 | micro format | 04-08-2022 | 2022-20268486 | |
| 31-12-2020 | micro format | 26-08-2021 | 2021-53400120 | |
| 31-12-2019 | micro format | 14-08-2020 | 2020-41000093 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| 98,072 | 100,712 | 96,646 | 68,801 | 130,926 | 89,467 | 66,184 | ||
| 82,085 | 84,575 | 81,439 | 61,477 | 107,504 | 90,790 | 62,511 | ||
| 1,995 | 0 | 2,620 | 0 | 3,520 | 98,903 | 108,776 | ||
| -95,765 | 87,473 | -22,564 | -27,391 | 52,111 | 22,201 | - | ||
| 74,263 | 161,287 | 87,627 | 73,335 | 96,062 | -4,917 | -47,555 | ||
| 83.3% | 84.0% | 80.4% | 61.9% | 59.1% | 38.2% | 22.1% | ||
| 5.42 | 5.47 | 4.27 | 2.36 | 2.22 | 0.94 | 0.56 | ||
| 5.29 | 5.10 | 3.47 | 2.15 | 2.06 | 0.84 | 0.48 | ||
| 0.20 | 0.19 | 0.24 | 0.62 | 0.69 | 1.62 | 3.53 | ||
| 74.1% | 34.3% | 46.9% | 22.2% | 41.2% | 63.6% | 104.6% | ||
| 61.7% | 28.8% | 37.7% | 13.8% | 24.4% | 24.3% | 23.1% | ||
| over 100 | over 100 | over 100 | 56.83 | over 100 | - | - |
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.
Social balance sheet
| Item | 31-12-2025 | 31-12-2024 | 31-12-2023 | 31-12-2022 | 31-12-2021 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | - | 2 | 2 | 2 | 3 |
| part-time | - | 2 | 2 | 2 | 3 |
| in full-time equivalents | - | 0.6 | 0.5 | 0.5 | 1 |
| 0.5 | 0.6 | 0.5 | 0.7 | 0.6 | |
| On a permanent contract | - | - | - | - | 1 |
| Joined | 2 | 2 | 2 | 2 | 4 |
| Left | 2 | 2 | 2 | 3 | 2 |
Source: social balance sheet in the 2021 to 2025 annual accounts
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €1,995 | - | €2,620 | - | €3,520 |
| €19,951 | €19,771 | €20,386 | €34,998 | €40,458 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on Zhan
The operating result for 2025 is 3% lower than in 2024.
Debt's share of the balance-sheet total rises from 16.0% to 16.7%. Equity and debt are lower.