Financials
Financial year 2025
ZELCO from Lievegem, company number BE0438258173, closed financial year 2025 with a result of € 1.4 million after tax. For that financial year ZELCO recorded a gross margin of € 11,810 and equity of € 1.8 million. Compared with financial year 2024, the result moved from € 172,442 to € 1.4 million. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 29, 2026.
€ 1.8 million
▲ 296% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1.4 million
▲ € 1.3 million vs 2024
Profit after tax over the fiscal year.
€ 861,648
▲ € 774,478 vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 100,000 paid out
7 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
€ 163,164
▲ 41% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 292,281
▼ 42% vs 2024
€ 88,216 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 83,031
▼ 14% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 37,706
▼ 21% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 86,213 | € 91,269 | € 215,068 | € 11,810 | ▼ 95% |
| Profit after taxes | € 14,804 | € 15,104 | € 172,442 | € 1,443,796 | ▲ € 1.3 million |
| Equity | € 536,852 | € 481,956 | € 454,398 | € 1,798,193 | ▲ 296% |
| Total debts | € 444,897 | € 661,285 | € 865,690 | € 537,504 | ▼ 38% |
| Cash | € 10,996 | € 6,519 | € 87,170 | € 861,648 | ▲ € 774,478 |
| Land & buildings | € 240,063 | € 281,020 | € 364,361 | € 442,337 | ▲ 21% |
| Retained profit | € 456,287 | € 401,390 | € 373,832 | € 1,717,628 | ▲ € 1.3 million |
| Dividend | € 0 | € 70,000 | € 200,000 | € 100,000 | ▼ 50% |
| Bank debt | € 395,171 | € 459,605 | € 500,237 | € 292,281 | ▼ 42% |
| Balance sheet total | € 1,078,395 | € 1,237,230 | € 1,398,506 | € 2,398,670 | ▲ 72% |
| Employees (FTE) | 0.2 | - | - | - |
Key figures of ZELCO, 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 ZELCO?
What happened at ZELCO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- GRIET VAN ZELE stepped down as director. NBB
- ALFONS VAN ZELE stepped down as director. NBB
- PIETER VAN ZELE stepped down as director. NBB
- NICOLE STANDAERT stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 1.4 million (▲ € 1.3 million vs 2024). Source: NBB ↗
- GRIET VAN ZELE became a director. NBB
- ALFONS VAN ZELE became a director. NBB
- PIETER VAN ZELE became a director. NBB
In short
From € 14,804 profit in 2022 to € 1.4 million profit in 2025.
Paid € 82,430 in corporate taxes since 2022.
Best year ever: 2025, with € 1.4 million profit.
Paid out € 370,000 in dividends to the owners in total.
Management
It owns 2% of Crescent itself.
Directors
According to the 2025 annual accounts
GRIET VAN ZELE
Director
since 2023 · until 2029
since 2023 · until 2029
since 2023 · until 2029
since 2023 · until 2029
Establishments
Establishment units
Physical locations of this company
Weststraat 119
9950 Lievegem
Moerstraat 1
9900 Eeklo
Active since 1 January 2017
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
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Details
- Company number
- 0438.258.173
- VAT number
- BE 0438.258.173
- Registered office
- Weststraat 119, 9950 Lievegem
- Names & denominations
- ZELCO
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 1 September 1989
- Peppol
- Active · Active since 27 Mar 2026
- Contact
- zelco.be
- Activities · NACE
Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies
Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen
Fokken en houden van paarden en andere paardachtigen