ZIGAVEST
InactiveFrom the official registers: KBO 31 annual accounts at the National Bank publications in the Belgian Official Gazette
Financials · financial year 2025, micro format
Latest annual accounts filed
Annual accounts 2025
- Financial year ended
- 31-12-2025
- Filed on
- 25-03-2026
- Format
- micro format
- Reference
- 2026-00061987
Turnover
≈ €1.3m
Estimated: probably between €920,000 and €1.9m
Total assets
€753,610▲ 153%
2024 · €298,218
Net result
€433,763▲ 338%
2024 · €99,089
Working capital
€684,900▲ 214%
2024 · €218,373
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
After the dip in 2022 the operating result has climbed three years in a row; 2025 is nearly 4.4 times 2024 and is the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€639,672
2025
Net result€433,763
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€753,610
2025
Equity€703,607
2025
Debt€50,003
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€684,900
2025
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€21,591-€21,053▼ 2.5%€41,426▲ 96.8%€53,577▲ 29.3%€8,597▼ 84.0%€32,802▲ 282%€146,583▲ 347%€639,672▲ 336%
Net result€19,092-€18,821▼ 1.4%€33,926▲ 80.3%€37,405▲ 10.3%€5,228▼ 86.0%€19,985▲ 282%€99,089▲ 396%€433,763▲ 338%
Equity€180,492-€199,312▲ 10.4%€233,238▲ 17.0%€270,643▲ 16.0%€275,870▲ 1.9%€170,755▼ 38.1%€269,844▲ 58.0%€703,607▲ 161%
Total assets€237,271-€233,865▼ 1.4%€255,588▲ 9.3%€290,437▲ 13.6%€285,697▼ 1.6%€196,925▼ 31.1%€298,218▲ 51.4%€753,610▲ 153%
Debt€56,780-€34,553▼ 39.1%€22,350▼ 35.3%€19,794▼ 11.4%€9,827▼ 50.4%€26,170▲ 166%€28,373▲ 8.4%€50,003▲ 76.2%
Working capital€98,625-€132,466▲ 34.3%€156,659▲ 18.3%€134,680▼ 14.0%€161,241▲ 19.7%€68,298▼ 57.6%€218,373▲ 220%€684,900▲ 214%
Turnover and EBIT margin not published: the micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €753,610
Fixed assets
€18,708 ▼ 63.7%
Current assets
€734,903 ▲ 198%
Equity and liabilities €753,610
Equity
€703,607 ▲ 161%
Debt
€50,003 ▲ 76.2%
Debt's share of the balance-sheet total falls from 9.5% to 6.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€654,279▲
2024 · €161,766
Cash flow
€448,370▲
2024 · €114,272
Current ratio
14.70▲
2024 · 8.70
Debt to equity
0.07▼
2024 · 0.11
ROE
61.6%▲
2024 · 36.7%
ROA
57.6%▲
2024 · 33.2%
Interest coverage
over 100
2024 · over 100
Debt ≤ 1 year
€50,003▲
2024 · €28,373
Income taxes
€205,273▲
2024 · €47,148
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €18,038 | €17,983 | €17,511 | €14,435 | €15,106 | €21,435 | €15,183 | €14,607 | ▼ 3.8% |
| Other operating charges640/8 | - | - | - | €2,733 | €35,299 | €11,594 | €3,319 | €5,224 | ▲ 57.4% |
| Gross operating margin9900 | €42,233 | €41,349 | €61,544 | €70,745 | €59,003 | €65,831 | €165,085 | €659,503 | ▲ 299% |
| Operating profit (loss)9901 | €21,591 | €21,053 | €41,426 | €53,577 | €8,597 | €32,802 | €146,583 | €639,672 | ▲ 336% |
| Financial income75/76B | - | - | - | €0 | - | - | €29 | €0 | ▼ 99.6% |
| Recurring financial income75 | €15 | - | - | €0 | - | - | €29 | €0 | ▼ 99.6% |
| Financial charges65/66B | - | - | - | €382 | €350 | €998 | €374 | €636 | ▲ 70.1% |
| Recurring financial charges65 | €1,622 | €1,442 | €1,455 | €382 | €350 | €998 | €374 | €636 | ▲ 70.1% |
| Profit (loss) for the period before taxes9903 | €19,984 | €19,611 | €39,971 | €53,194 | €8,247 | €31,804 | €146,237 | €639,036 | ▲ 337% |
| Income taxes67/77 | €892 | €790 | €6,045 | €15,790 | €3,019 | €11,819 | €47,148 | €205,273 | ▲ 335% |
| Profit (loss) for the period9904 | €19,092 | €18,821 | €33,926 | €37,405 | €5,228 | €19,985 | €99,089 | €433,763 | ▲ 338% |
| Profit (loss) for the period to be appropriated9905 | €19,092 | €18,821 | €33,926 | €37,405 | €5,228 | €19,985 | €99,089 | €433,763 | ▲ 338% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €237,271 | €233,865 | €255,588 | €290,437 | €285,697 | €196,925 | €298,218 | €753,610 | ▲ 153% |
| Fixed assets21/28 | €85,759 | €69,706 | €78,070 | €136,662 | €115,829 | €103,157 | €51,471 | €18,708 | ▼ 63.7% |
| Tangible fixed assets22/27 | €85,759 | €69,706 | €78,070 | €136,662 | €115,829 | €103,157 | €51,471 | €18,708 | ▼ 63.7% |
| Land and buildings22 | - | - | - | €37,004 | €34,995 | €32,986 | €15,865 | €0 | ▼ 100% |
| Furniture and vehicles24 | - | - | - | €78,764 | €62,901 | €48,108 | €33,314 | €18,708 | ▼ 43.8% |
| Other tangible fixed assets26 | - | - | - | €20,895 | €17,933 | €22,064 | €2,292 | €0 | ▼ 100% |
| Current assets29/58 | €151,512 | €164,160 | €177,518 | €153,774 | €169,868 | €93,768 | €246,747 | €734,903 | ▲ 198% |
| Amounts receivable within one year40/41 | €15,770 | €14,944 | €19,138 | €27,592 | €44,521 | €58,579 | €78,447 | €702,006 | ▲ 795% |
| Trade receivables40 | - | - | - | €18,263 | €18,936 | €16,109 | €18,120 | €702,006 | ▲ 39× |
| Other amounts receivable41 | - | - | - | €9,329 | €25,585 | €42,469 | €60,327 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €133,904 | €147,927 | €157,050 | €125,117 | €123,186 | €32,990 | €166,257 | €30,857 | ▼ 81.4% |
| Deferred charges and accrued income490/1 | - | - | - | €1,065 | €2,161 | €2,199 | €2,043 | €2,039 | ▼ 0.2% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €237,271 | €233,865 | €255,588 | €290,437 | €285,697 | €196,925 | €298,218 | €753,610 | ▲ 153% |
| Equity10/15 | €180,492 | €199,312 | €233,238 | €270,643 | €275,870 | €170,755 | €269,844 | €703,607 | ▲ 161% |
| Contributions10/11 | €131,705 | €131,705 | - | €131,705 | €6,605 | €6,605 | €6,605 | €6,605 | = |
| Reserves13 | €119,900 | €119,900 | €119,900 | €138,937 | €269,265 | €164,150 | €263,239 | €697,002 | ▲ 165% |
| Non-distributable reserves130/1 | - | - | - | €1,900 | - | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,900 | - | - | - | - | - |
| Distributable reserves133 | - | - | - | €137,037 | €269,265 | €164,150 | €263,239 | €697,002 | ▲ 165% |
| Profit (loss) carried forward14 | -€71,114 | -€52,293 | -€18,367 | - | - | - | - | - | - |
| Amounts payable17/49 | €56,780 | €34,553 | €22,350 | €19,794 | €9,827 | €26,170 | €28,373 | €50,003 | ▲ 76.2% |
| Amounts payable after more than one year17 | €2,450 | €1,550 | €700 | €700 | €700 | €700 | - | - | - |
| Other amounts payable178/9 | - | - | - | €700 | €700 | €700 | - | - | - |
| Amounts payable within one year42/48 | €52,887 | €31,694 | €20,859 | €19,094 | €8,627 | €25,470 | €28,373 | €50,003 | ▲ 76.2% |
| Trade debts44 | €373 | €1,120 | €3,912 | €4,976 | €3,134 | €2,217 | €3,080 | €10,691 | ▲ 247% |
| Suppliers440/4 | - | - | - | €4,976 | €3,134 | €2,217 | €3,080 | €10,691 | ▲ 247% |
| Taxes, remuneration and social security45 | - | - | - | €14,118 | €5,492 | €23,253 | €25,293 | €16,413 | ▼ 35.1% |
| Taxes450/3 | - | - | - | €14,118 | €5,492 | €23,253 | €25,293 | €16,413 | ▼ 35.1% |
| Other amounts payable47/48 | - | - | - | - | - | - | - | €22,900 | - |
| Accrued charges and deferred income492/3 | - | - | - | - | €500 | - | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €19,092 | €18,821 | €33,926 | €37,405 | €5,228 | €19,985 | €99,089 | €433,763 | ▲ 338% |
| + Depreciation and write-downs630 | €18,038 | €17,983 | €17,511 | €14,435 | €15,106 | €21,435 | €15,183 | €14,607 | ▼ 3.8% |
| Operating cash flow (approximation) | €37,130 | €36,804 | €51,437 | €51,840 | €20,334 | €41,420 | €114,272 | €448,370 | ▲ 292% |
| Investment in fixed assets (approximation) | - | -€1,930 | -€25,875 | -€73,028 | €5,726 | -€8,763 | €36,503 | €18,157 | ▼ 50.3% |
| Change in cash | - | €14,023 | €9,123 | -€31,933 | -€1,931 | -€90,195 | €133,266 | -€135,399 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 31 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 25-03-2026 | 2026-00061987 | |
| 31-12-2024 | micro format | 07-07-2025 | 2025-00240167 | |
| 31-12-2023 | micro format | 09-07-2024 | 2024-00230497 | |
| 31-12-2022 | micro format | 21-06-2023 | 2023-00149586 | |
| 31-12-2021 | micro format | 30-08-2022 | 2022-20384337 | |
| 31-12-2020 | micro format | 27-08-2021 | 2021-56700328 | |
| 31-12-2019 | micro format | 20-10-2020 | 2020-62200137 | |
| 31-12-2018 | micro format | 05-08-2019 | 2019-43800531 | |
| 31-12-2017 | micro format | 08-06-2018 | 2018-17100100 | |
| 31-12-2016 | micro format | 20-06-2017 | 2017-19200436 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.