Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
-
Tight liquidity NBB
Cash and receivables cover 41 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Zetus from Blankenberge, company number BE0405196516, closed financial year 2025 with a result of € -466,396 after tax. For that financial year Zetus recorded a gross margin of € 5.4 million and equity of € 10.5 million. Compared with financial year 2024, the result moved from € -658,463 to € -466,396. The company made a loss. The company holds a healthy buffer. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on May 18, 2026.
€ 10.5 million
▼ 5% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -466,396
▲ 29 % less loss than in 2024
Profit after tax over the fiscal year.
€ 1.8 million
▼ 54% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 2.5 million.
People and assets in 2025
25.9
▲ 1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 2.2 million
▲ 7% vs 2024
€ 85,300 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 115,772
▼ 18% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 121.1 million
▲ 8% vs 2024
€ 3.8 million is repaid this year. At this pace the long-term loan is gone in ≈ 32 years.
€ 1 million
▼ 48% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 860,541
▲ 4% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 3,135,465 | - | - | - | |
| Gross margin | - | € 5,433,893 | € 5,660,374 | € 5,431,793 | ▼ 4% |
| Profit after taxes | € -55,956 | € -77,675 | € -658,463 | € -466,396 | ▲ € 192,067 |
| Equity | € 9,042,157 | € 11,965,091 | € 11,090,440 | € 10,521,661 | ▼ 5% |
| Total debts | € 50,973,693 | € 101,465,428 | € 117,039,117 | € 125,269,646 | ▲ 7% |
| Cash | € 2,053,093 | € 2,278,133 | € 3,995,732 | € 1,840,059 | ▼ 54% |
| Land & buildings | € 53,162,126 | € 99,734,519 | € 108,765,820 | € 119,750,754 | ▲ 10% |
| Retained profit | € 1,657,312 | € 3,583,830 | € 2,925,367 | € 2,458,970 | ▼ 16% |
| Bank debt | € 48,671,263 | € 97,811,108 | € 112,360,170 | € 121,080,468 | ▲ 8% |
| Balance sheet total | € 61,064,908 | € 114,757,494 | € 129,444,688 | € 136,488,937 | ▲ 5% |
| Employees (FTE) | 9.1 | 19 | 24.9 | 25.9 | ▲ 1 |
Key figures of Zetus, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to Zetus?
What happened at Zetus in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 466,396. Source: NBB ↗
- Thomas Dobbels became a director. NBB
- Fabienne Maes became a director. NBB
- Philip Konings became a director. NBB
- Sarah Tack became a director. NBB
- Jan De Soete became a director. NBB
- Sarah Slembrouck became a director. NBB
- Franky Vanlerberghe became a director. NBB
In short
From € 55,956 loss in 2022 to € 466,396 loss in 2025.
Paid € 4,086 in corporate taxes since 2022.
On average € 209,700 of value added per employee in 2025.
A new publication or filing at Zetus? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind Zetus are Thomas Dobbels , Sarah Tack, Michel VANPARYS, Jan De Soete , Yves Catteceur and Sarah Slembrouck . The shares are held by West-Vlaanderen Provincie , Blankenberge Stad , Blankenberge O.C.M.W. , Gemeenschap Ministerie van de Vlaamse , Knokke-Heist Gemeentebestuur and De Haan Gemeente .
Directors
According to the 2025 annual accounts
Thomas Dobbels
Director
since 2025
Sarah Tack
Director
since 2025
Michel VANPARYS
Director
since 2023
since 2025
Yves Catteceur
Director
Also active at: FOCUS Televisie - Regionale televisie voor het Noorden van West-Vlaanderen, GEOCON INVEST
since 2023
since 2025
Fabienne Maes
Vice-chairman of the board
Also active at: CREASAN, Autonoom Gemeentebedrijf "Stadsontwikkeling Knokke-Heist"
since 2025
Franky Vanlerberghe
Director
since 2025
Nadia Cloetens
Director
since 2025
Liesbeth Verhaeghe
Director
since 2025
Dominique De Rijcker
Director
since 2025
Laura Vanneste
Director
since 2025
since 2025
Fabienne Pottier
Director
since 2025
Philip Konings
Chairman of the board
since 2025
Shareholders
West-Vlaanderen Provincie
Blankenberge Stad
Blankenberge O.C.M.W.
Gemeenschap Ministerie van de Vlaamse
Knokke-Heist Gemeentebestuur
De Haan Gemeente
historisch Lindenhof Privé aandeelhouders
historisch T' Heist Best Privé aandeelhouders
Zuienkerke Gemeente
Knokke-Heist O.C.M.W.
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Hanneusestraat 32 box 2
8370 Blankenberge
Kraaiennestplein 1 box 3
8301 Knokke-Heist
Active since 1 July 2023
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0405.196.516
- VAT number
- BE 0405.196.516
- Registered office
- Hanneusestraat 32 bus 2, 8370 Blankenberge
- Names & denominations
- Zetus
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 2 July 1922
- Peppol
- Active · Active since 13 Jun 2025
- Activities · NACE
Verhuur en exploitatie van sociale woningen
Verhuur van sociale woningen
Ontwikkeling van residentiële bouwprojecten
Projectontwikkeling voor woningbouw
Landschapsverzorging