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ZIGAVEST

Inactive
Private limited companyKBO/BCE: BE 0453.422.936

From the official registers: KBO 31 annual accounts at the National Bank publications in the Belgian Official Gazette

Inactive since 21-07-2026; last annual accounts for financial year 2025. Dissolved and wound up in a single deed on 23-06-2026; books and records kept by Jean-Luc GAVROYE in Soumagne (5 years).

ZIGAVESTInactive

Overview

Official details

KBO
Status
Inactive Normal situation
Legal form
Private limited company
Activity
No activity registered in the KBO
Financial year end
31 December
Peppol
Not found in the Peppol Directory

Who decides

Board
  • GAVROYE JEAN-LUCDirector · since 15-02-2023

How it is doing

Inactive: no score
Annual accounts 2025
Gross margin
€659,503
▲ 299%
Turnover
≈ €1.3m
estimated
Profit
€433,763
▲ 338%
Equity
€703,607
▲ 161%
Total assets
€753,610
▲ 153%
Filed on 25-03-2026PDF
SignalsneutralLatest accounts filed on timeShow the evidence

Signals

1 signal.
neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-03-2026, 128 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
128 days early
2024
24 days early
2023
22 days early
2022
40 days early
2021
30 days late
2020
27 days late
2019
81 days late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 11 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage

Financials · financial year 2025, micro format

Latest annual accounts filed

Annual accounts 2025

Download PDF
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

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
2025 value · change against 2024
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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 39 lines

Source: Annual accounts 2025 (PDF), filed with the National Bank on 25-03-2026.

Balance sheet Code20242025
Assets
Total assets20/58€298,218€753,610▲
Fixed assets21/28€51,471€18,708▼
Tangible fixed assets22/27€51,471€18,708▼
Land and buildings22€15,865€0▼
Furniture and vehicles24€33,314€18,708▼
Other tangible fixed assets26€2,292€0▼
Current assets29/58€246,747€734,903▲
Amounts receivable within one year40/41€78,447€702,006▲
Trade receivables40€18,120€702,006▲
Other amounts receivable41€60,327€0▼
Cash at bank and in hand54/58€166,257€30,857▼
Deferred charges and accrued income490/1€2,043€2,039▼
Equity and liabilities
Total equity and liabilities10/49€298,218€753,610▲
Equity10/15€269,844€703,607▲
Contributions10/11€6,605€6,605=
Reserves13€263,239€697,002▲
Distributable reserves133€263,239€697,002▲
Amounts payable17/49€28,373€50,003▲
Amounts payable within one year42/48€28,373€50,003▲
Trade debts44€3,080€10,691▲
Suppliers440/4€3,080€10,691▲
Taxes, remuneration and social security45€25,293€16,413▼
Taxes450/3€25,293€16,413▼
Other amounts payable47/48-€22,900
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15,183€14,607▼
Other operating charges640/8€3,319€5,224▲
Gross operating margin9900€165,085€659,503▲
Operating profit (loss)9901€146,583€639,672▲
Financial income75/76B€29€0▼
Recurring financial income75€29€0▼
Financial charges65/66B€374€636▲
Recurring financial charges65€374€636▲
Profit (loss) for the period before taxes9903€146,237€639,036▲
Income taxes67/77€47,148€205,273▲
Profit (loss) for the period9904€99,089€433,763▲
Profit (loss) for the period to be appropriated9905€99,089€433,763▲
Appropriation of the result
Profit (loss) to be appropriated9906€99,089€433,763▲
Transfer to equity691/2€99,089€433,763▲
To other reserves6921€99,089€433,763▲

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are in the filed accounts (PDF).

Line20182019202020212022202320242025Change
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%
Line20182019202020212022202320242025Change
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----
Line20182019202020212022202320242025Change
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.

Download as CSV

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 PDF
31-12-2024 micro format 07-07-2025 2025-00240167 PDF
31-12-2023 micro format 09-07-2024 2024-00230497 PDF
31-12-2022 micro format 21-06-2023 2023-00149586 PDF
31-12-2021 micro format 30-08-2022 2022-20384337 PDF
31-12-2020 micro format 27-08-2021 2021-56700328 PDF
31-12-2019 micro format 20-10-2020 2020-62200137 PDF
31-12-2018 micro format 05-08-2019 2019-43800531 PDF
31-12-2017 micro format 08-06-2018 2018-17100100 PDF
31-12-2016 micro format 20-06-2017 2017-19200436 PDF

Show all 31 filings

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.

Directors

Directors
1 director, last change in 2023
GAVROYE JEAN-LUC
Director · since 15-02-2023 · in the 2025 annual accounts, filed on 25-03-2026
Current

Mandate history

2 people, 1 in office
Show
  • Board
  • began earlier
  • end not dated
Mandates per person, with start and end dates
Name Functions and periods
GAVROYE JEAN-LUC
  • Director, from 15-02-2023 to date
GAVROYE JeanLuc, François
  • Manager, until 17-02-2023
  • Director (not named in the articles), appointed in the act of 17-02-2023, no longer listed in the 2025 annual accounts
See the board, name and registered office on a given date →

How the board is organised

Who represents it, and how

Board ruleHow the board is made up, meets and takes decisions.
“Avec ou sans limitation, un ou plusieurs administrateurs”
“Rémunération des administrateurs, fixe ou proportionnelle”

deed of 17-02-2023 (in French)

Oversight and winding up

Dissolution ruleWhen and by whom the company can be dissolved.
“Prévues pour les modifications aux statuts, assemblée générale”
deed of 17-02-2023 (in French)
Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
“Quelque cause et à quelque moment que ce soit, si aucun autre liquidateur n'aurait été désigné”
deed of 17-02-2023 (in French)
Custody of recordsWhere the books and records are kept after liquidation, by law for at least five years.
“4630 Soumagne, Pont Al Plantche, numéro 4, Jean-Luc GAVROYE”
deed of 29-07-2026 (in French)

Owners and capital

Capital and shareholders

Capital over the years
  1. 17-02-2023 Converted to unavailable equity

Shares according to the articles of association

Capital, shares and profit

Kind of sharesWhich classes of shares exist and what rights each class carries.
“Nominatives, registre des actions nominatives”
Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
“Entre vifs à titre onéreux ou gratuit,tant volontaires que forcées dont exclusion et retrait,usufruit,nue-propriété ou pleine…”
Share issue ruleHow and by whom new shares can be issued.
One provision in the deed

Other provisionsRules from the articles on subjects other than the board, the shares, the purpose and the meetings.

Other provision: “Actionnaire unique-administrateur, versements ultérieurs déterminés librement au fur et à mesure des besoins aux époques jugées utiles”
Other provision: “Pouvoirs de l’organe d’administration, totalité pouvoirs avec faculté déléguer partie”
Other provision: “Seul ou conjointement déterminé par organe d’administration, administrateur-délégué”
Other provision: “Contrôle de la société, lorsque la loi l'exige et dans les limites qu'elle prévoit”
Other provision: “Tenue et convocation de l'assemblée générale, toute personne peut renoncer à la convocation”
Other provision: “Admission à l'assemblée générale, droits afférents aux titres ne peuvent pas être suspendus”
Other provision: “Tout actionnaire peut donner à toute autre personne,actionnaire ou non,par tout moyen de transmission,une procuration écrite, délibérations”
Other provision: “Trois semaines au plus, assemblée générale ordinaire ou extraordinaire”
Other provision: “Bénéfice annuel net, répartition-réserves”
Liquidation distribution: “Apurement de toutes les dettes,charges et frais de liquidation ou consignation des montants nécessaires, remis pour être partagés dans la…”
Other provision: “Exécution des statuts, élection de domicile”
Other provision: “Tribunaux du siège, litiges relatifs aux affaires de la société et à l'exécution des présents statuts”
Other provision: “Droit commun, dispositions du Code des sociétés et des associations auxquelles il ne serait pas licitement dérogé réputées inscrites”
Other provision: “Organe d'administration, gestion journalière - attributions,rémunérations et révocation des délégués”
1 more provision in the deed, see the deed of 17-02-2023

Articles of association, deed of 17-02-2023 (in French)

Group and network

Connections & network

1 current director
Depth

The network starts from this company’s directors. Other companies they run appear here as nodes.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.

History

Total assets went from €237,271 in 2018 to €753,610 in 2025.1 In 2026 ZIGAVEST was dissolved and its liquidation closed in a single deed.2

  1. 1National Bank, annual accounts 2018 and 2025
  2. 2Belgian Official Gazette, 29-07-2026

Acts, filings and financial milestones

Next filing, financial year 2026, expected by 31-07-2027
2026
29-07
Gazette deed End & cessation
Declaration · Auditor report · Dissolution9 facts ▸
  • General meeting, “résolutions à l'unanimité” (deed in French)
  • Other provision, 31-05-2026
  • Declaration, “connaissance du rapport de l'organe d'administration, actionnaire unique” (deed in French)
  • Auditor report, 16-06-2026
  • Dissolution, 23-06-2026
  • Other provision, “non-nomination de liquidateur, la liquidation sera assurée par l'organe d'administration” (deed in French)
  • Liquidation closure, 23-06-2026
  • Declaration, “absence d'éléments significatifs ou de nouvelles dettes depuis le 31-05-2026, toutes les opérations faites depuis cette date sont aux profits et risques de l'a…” (deed in French)
  • Other provision, “approbation des comptes et décharge, l'assemblée approuve ces comptes et donne décharge à l'organe d'administration de ladite société pour sa mission exercée ju…” (deed in French)

Open the act in the Belgian Official Gazette

25-03
NBB filing Annual accounts filedPDF
financial year 2025 · micro format
2025
31-12
Financial Highest result from 2018 to 2025net €433,763 ▲338%
Operating result €639,672, net result €433,763, both a record.
31-12
Financial Equity above €500,000equity €703,607 ▲161%
A profit in every financial year since 2018 builds equity to €703,607.
07-07
NBB filing Annual accounts filedPDF
financial year 2024 · micro format
2024
31-12
Financial Liquidity more than doubledcurrent ratio 8.70
Current ratio from 3.68 to 8.70.
31-12
Financial Equity above €200,000equity €269,844 ▲58%
A profit in every financial year since 2018 builds equity to €269,844.
09-07
NBB filing Annual accounts filedPDF
financial year 2023 · micro format
2023
21-06
NBB filing Annual accounts filedPDF
financial year 2022 · micro format
17-02
Gazette deed Resignation: GAVROYE JeanLuc, François (manager)
Appointment: GAVROYE JeanLuc, François (director) · Amendment of the articles · Capital conversion11 facts ▸
  • General meeting, 28-12-2022
  • Amendment of the articles (2 times)
  • Capital conversion, “compte de capitaux propres statutairement indisponible” (deed in French)
  • Reserve release, “formes et majorités de la modification des statuts, supprimer” (deed in French)
  • Other provision, “éventuels versements futurs de la part non encore libérée à ce jour du capital souscrit dans le passé inscrit sur compte « apports non appelés », dispense de ve…” (deed in French)
  • Net-asset statement, EUR, “actif net ne sera pas négatif suite à dispense de libération” (deed in French)
  • Other provision, “capacité de paiement après dispense, pourra continuer à s’acquitter de ses dettes au fur et à mesure de leur échéance pendant au moins douze mois à compter de l…” (deed in French)
  • Capital
  • Director resignation, GAVROYE JeanLuc, François (manager)
  • Director appointment, GAVROYE JeanLuc, François (director (not named in the articles))
  • Power of attorney

Open the act in the Belgian Official Gazette

2022
31-12
Financial Weakest financial yearnet €5,228 ▼86%
Net result drops to €5,228, the lowest in the series.
31-12
Financial Liquidity more than doubledcurrent ratio 19.69
Current ratio from 8.05 to 19.69; short-term debt falls from €19,094 to €8,627.
Show earlier events
30-08
NBB filing Annual accounts filedPDF
financial year 2021 · micro format · 30 days late
2021
27-08
NBB filing Annual accounts filedPDF
financial year 2020 · micro format · 27 days late
2020
31-12
Financial Equity above €200,000equity €233,238 ▲17%
A profit in every financial year since 2018 builds equity to €233,238.
20-10
NBB filing Annual accounts filedPDF
financial year 2019 · micro format · 81 days late
2019
05-08
NBB filing Annual accounts filedPDF
financial year 2018 · micro format · 5 days late
2018
08-06
NBB filing Annual accounts filedPDF
financial year 2017 · micro format
2017
20-06
NBB filing Annual accounts filedPDF
financial year 2016 · micro format
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.

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

Inactive

Inactive since July 2026

ZIGAVEST has not been in the KBO register since 21 July 2026.

Status
Inactiveout of the register since 21 July 2026
Last annual accounts
financial year to 31 December 2025
Last registered office
Pont Al Plantche 4, 4630 Ayeneuxas published on 29 July 2026
Legal form
Private limited company
Active since
14 September 1994
Official KBO record

Purpose according to the articles of association

DurationHow long the company exists; usually unlimited, so until it is dissolved.
Unlimited
Name clauseThe name the company operates under according to its articles.
ZIGAVEST
Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
“Région wallonne, peut établir par simple décision de l’organe d’administration des sièges administratifs,agences,ateliers,dépôts et…”

Articles of association, deed of 17-02-2023 (in French)

Sites & property

Registered office and establishments
exact location from the address register On OpenStreetMap

Buildings and parcels at the address

Ground area
2,830 m²
Building footprint
183 m²
Building volume
1,165 m³
Parcel 62008C0076/00D000, Wallonia · tallest building 8.1 m.
1 parcel
Wallonia 1 (100%)
Cadastral parcel Region Area Buildings Height / floors
62008C0076/00D000 Wallonia 2,830 m² 1 · 183 m² 8.1 m · 2