ZORZAL GROUP
Liquidation closedFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 27-03-2026 PDF all 34 filings
Equity
€982,977=
2025 · €982,977
Total assets
€982,977=
2025 · €982,977
Net result
€40,147▲ 185%
2024 · €14,104
Working capital
€418,144▲ 7.2%
2023 · €390,029
Multi-year overview
2018 to 2025, 9 financial yearsOperating result
no figure
2025
20182025
Net result
no figure
2025
20182025
Equity
€982,977
2025
20182025
Total assets
€982,977
2025
20182025
Debt
no figure
2025
20182025
Working capital
no figure
2025
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line201820192020202120222023202420252025
Operating result-€0.03m--€0.003m▲ 91.7%€0.04m€1.3m▲ 32×-€0.01m€0.006m-€0.004m€0.03m
Net result-€0.03m-€0.004m€0.05m▲ 15×€0.6m▲ 12×€0.01m▼ 97.8%€0.02m▲ 48.7%€0.01m▼ 30.6%€0.04m▲ 185%
Equity€0.2m-€0.2m▲ 1.8%€0.3m▲ 26.1%€0.9m▲ 240%€0.9m▲ 1.5%€0.9m▲ 2.2%€0.9m▲ 1.5%€1.0m▲ 4.3%€1.0m-
Total assets€2.8m-€3.0m▲ 5.0%€3.2m▲ 8.0%€0.9m▼ 71.4%€0.9m▲ 0.1%€0.9m▲ 1.6%€1.0m▲ 2.5%€1.0m▲ 2.3%€1.0m-
Debt€2.6m-€2.8m▲ 5.2%€3.0m▲ 6.6%€0.03m▼ 99.1%€0.01m▼ 47.9%€0.008m▼ 40.8%€0.02m▲ 120%
Working capital€1.7m-€1.9m▲ 9.5%€2.1m▲ 12.2%€0.3m▼ 84.7%€0.4m▲ 8.4%€0.4m▲ 9.6%€0.4m▲ 7.2%
The operating result for 2025 is a profit of €32,836, after a loss of €3,743 in 2024. It is the highest result since 2021.
Large changes and their cause
- 2022 Net result -98% on 2021. The 2021 profit included a one-off income of €3,168,955.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them.
Key figures and ratios
Solvency
100.0%=
2025 · 100.0%
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 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €3.2m | - | - | - | €0.03m | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.03m | €0.03m | - | - | €0.01m | €0.01m | €0.01m | - | - | - |
| Other operating charges640/8 | - | - | - | €0.001m | €0.002m | €0.003m | €0.004m | €0.004m | - | - |
| Non-recurring operating charges66A | - | - | - | €2.3m | - | - | - | - | - | - |
| Gross operating margin9900 | €0.005m | €0.03m | €0.04m | €3.6m | €0.005m | €0.02m | €0.01m | €0.04m | - | - |
| Operating profit (loss)9901 | -€0.03m | -€0.003m | €0.04m | €1.3m | -€0.01m | €0.006m | -€0.004m | €0.03m | - | - |
| Financial income75/76B | - | - | - | €0.02m | €0.02m | €0.02m | €0.03m | €0.03m | - | - |
| Recurring financial income75 | €0.2m | €0.2m | €0.2m | €0.02m | €0.02m | €0.02m | €0.03m | €0.03m | - | - |
| Financial charges65/66B | - | - | - | €0.6m | €77 | €230 | €171 | €0.001m | - | - |
| Recurring financial charges65 | €0.2m | €0.2m | €0.2m | €0.6m | €77 | €230 | €171 | €0.001m | - | - |
| Profit (loss) for the period before taxes9903 | -€0.03m | €0.004m | €0.05m | €0.6m | €0.01m | €0.03m | €0.02m | €0.06m | - | - |
| Income taxes67/77 | - | - | - | - | - | €0.005m | €0.007m | €0.02m | - | - |
| Profit (loss) for the period9904 | -€0.03m | €0.004m | €0.05m | €0.6m | €0.01m | €0.02m | €0.01m | €0.04m | - | - |
| Profit (loss) for the period to be appropriated9905 | -€0.03m | €0.004m | €0.05m | €0.6m | €0.01m | €0.02m | €0.01m | €0.04m | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Total assets20/58 | €2.8m | €3.0m | €3.2m | €0.9m | €0.9m | €0.9m | €1.0m | €1.0m | €1.0m | - |
| Fixed assets21/28 | €0.6m | €0.6m | €0.6m | €0.6m | €0.6m | €0.5m | €0.5m | - | - | - |
| Tangible fixed assets22/27 | €0.6m | €0.6m | €0.6m | €0.6m | €0.6m | €0.5m | €0.5m | - | - | - |
| Land and buildings22 | - | - | - | €0.6m | €0.6m | €0.5m | €0.5m | - | - | - |
| Current assets29/58 | €2.2m | €2.4m | €2.6m | €0.4m | €0.4m | €0.4m | €0.4m | €1.0m | €1.0m | - |
| Amounts receivable within one year40/41 | €0.2m | €0.2m | €0.3m | €0.4m | €0.4m | €0.4m | €0.4m | €1.0m | €1.0m | - |
| Trade receivables40 | - | - | - | - | €0.003m | - | - | €0.6m | €0.6m | - |
| Other amounts receivable41 | - | - | - | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | - |
| Cash at bank and in hand54/58 | €197 | €82 | €37 | €252 | - | €407 | €165 | - | - | - |
| Deferred charges and accrued income490/1 | - | - | - | €0.001m | - | €382 | €55 | - | - | - |
| Equity and liabilities | ||||||||||
| Total equity and liabilities10/49 | €2.8m | €3.0m | €3.2m | €0.9m | €0.9m | €0.9m | €1.0m | €1.0m | €1.0m | - |
| Equity10/15 | €0.2m | €0.2m | €0.3m | €0.9m | €0.9m | €0.9m | €0.9m | €1.0m | €1.0m | - |
| Contributions10/11 | €0.9m | €0.9m | €0.9m | €0.9m | €0.9m | €0.9m | €0.9m | €0.9m | €0.9m | - |
| Capital10 | - | - | - | €0.9m | €0.9m | €0.9m | €0.9m | €0.9m | €0.9m | - |
| Issued capital100 | - | - | - | €0.9m | €0.9m | €0.9m | €0.9m | €0.9m | €0.9m | - |
| Reserves13 | - | - | - | - | - | - | €0.01m | €0.04m | €0.04m | - |
| Non-distributable reserves130/1 | - | - | - | - | - | - | €0.001m | €0.001m | €0.001m | - |
| Legal reserve130 | - | - | - | - | - | - | €0.001m | €0.001m | €0.001m | - |
| Distributable reserves133 | - | - | - | - | - | - | €0.01m | €0.04m | €0.04m | - |
| Profit (loss) carried forward14 | -€0.7m | -€0.7m | -€0.7m | -€0.05m | -€0.03m | -€0.01m | -€0.01m | - | - | - |
| Amounts payable17/49 | €2.6m | €2.8m | €3.0m | €0.03m | €0.01m | €0.008m | €0.02m | - | - | - |
| Amounts payable after more than one year17 | €2.0m | €2.0m | €2.0m | - | - | - | - | - | - | - |
| Amounts payable within one year42/48 | €0.5m | €0.5m | €0.5m | €0.03m | €0.01m | €0.008m | €0.02m | - | - | - |
| Trade debts44 | €0.02m | €0.03m | €0.03m | €0.03m | €0.01m | €0.002m | €0.005m | - | - | - |
| Suppliers440/4 | - | - | - | €0.03m | €0.01m | €0.002m | €0.005m | - | - | - |
| Advances received on contracts in progress46 | - | - | - | - | - | €360 | - | - | - | - |
| Taxes, remuneration and social security45 | - | - | - | - | - | €0.005m | €0.01m | - | - | - |
| Taxes450/3 | - | - | - | - | - | €0.005m | €0.01m | - | - | - |
| Other amounts payable47/48 | - | - | - | - | - | €360 | €360 | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€32,736 | €3,602 | €54,364 | €631,836 | €13,660 | €20,312 | €14,104 | €40,147 | - | - |
| + Depreciation and write-downs630 | €34,407 | €32,491 | - | - | €14,011 | €14,011 | €14,011 | - | - | - |
| Operating cash flow (approximation) | €1,671 | €36,093 | €54,364 | €631,836 | €27,671 | €34,323 | €28,115 | €40,147 | - | - |
| Investment in fixed assets (approximation) | - | €0 | €0 | €30,395 | €0 | €0 | €0 | - | - | - |
| Change in cash | - | -€115 | -€44 | €214 | - | - | -€242 | - | - | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 34 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 23-12-2025 | micro format | 27-03-2026 | 2026-00064486 | |
| 19-12-2025 | micro format | 27-03-2026 | 2026-00064485 | |
| 31-12-2024 | micro format | 20-06-2025 | 2025-00172585 | |
| 31-12-2023 | micro format | 18-07-2024 | 2024-00265597 | |
| 31-12-2022 | abbreviated format | 27-09-2023 | 2023-00457931 | |
| 31-12-2021 | abbreviated format | 10-10-2022 | 2022-20457451 | |
| 31-12-2020 | abbreviated format | 28-10-2021 | 2021-75100078 | |
| 31-12-2019 | abbreviated format | 20-10-2021 | 2021-72400474 | |
| 31-12-2018 | abbreviated format | 20-10-2021 | 2021-72400273 | |
| 31-12-2017 | abbreviated format | 31-08-2018 | 2018-59200120 |