Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 32 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
ZELDA from Middelkerke, company number BE0477006111, closed financial year 2025 with a result of € 18,234 after tax. For that financial year ZELDA recorded a gross margin of € 710,620 and equity of € 446,052. Compared with financial year 2024, the result moved from € 13,950 to € 18,234. Profitable, and profit is growing. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 15, 2026.
€ 446,052
▲ 4% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 18,234
▲ 31% vs 2024
Profit after tax over the fiscal year.
€ 121,073
▲ 299% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 196,052.
People and assets in 2025
7.6
▲ 0.1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 382,915
▲ 4% vs 2024
€ 50,400 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.
€ 23,199
▼ 3% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 5.9 million
▼ 4% vs 2024
€ 220,380 is repaid this year. At this pace the long-term loan is gone in ≈ 27 years.
€ 121,656
▲ 24% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 76,971
▲ 10% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 677,236 | € 769,247 | € 697,629 | € 710,620 | ▲ 2% |
| Profit after taxes | € 44,082 | € -37,089 | € 13,950 | € 18,234 | ▲ 31% |
| Equity | € 450,956 | € 413,868 | € 427,818 | € 446,052 | ▲ 4% |
| Total debts | € 7,913,390 | € 7,594,242 | € 6,297,308 | € 6,076,314 | ▼ 4% |
| Cash | € 113,302 | € 30,867 | € 30,345 | € 121,073 | ▲ 299% |
| Land & buildings | € 3,743,642 | € 3,675,312 | € 3,689,423 | € 3,525,900 | ▼ 4% |
| Retained profit | € 200,956 | € 163,868 | € 177,818 | € 196,052 | ▲ 10% |
| Bank debt | € 7,626,809 | € 7,336,983 | € 6,127,918 | € 5,876,687 | ▼ 4% |
| Balance sheet total | € 8,364,346 | € 8,008,110 | € 6,725,126 | € 6,522,366 | ▼ 3% |
| Employees (FTE) | 7.6 | 7.5 | 7.5 | 7.6 | ▲ 0.1 |
Key figures of ZELDA, 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 ZELDA?
What happened at ZELDA in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 18,234 (▲ 31% vs 2024). Source: NBB ↗
- New establishment in Oostende. KBO
- Start of the company according to the CBE. KBO
In short
From € 44,082 profit in 2022 to € 18,234 profit in 2025.
Paid € 676 in corporate taxes since 2022.
Best year ever: 2022, with € 44,082 profit.
On average € 93,500 of value added per employee in 2025.
Management
The stake of ADVIES & COORDINATIEBUREAU comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
ZELDABehind ZELDA is Advies & Coordinatiebureau BV. The shares are held by ADVIES & COORDINATIEBUREAU (7%). It owns 78.8% of DKTOOLS itself.
Directors
According to the 2025 annual accounts
Director · represented by Johan Dekien
Also active at: Dktools, DEKIEN & BOECKX
Shareholders
Participations
78.8%
Establishments
Establishment units
Physical locations of this company
Tempelhofstraat 18
8433 Middelkerke
Pensjagersstraat 28
8400 Oostende
Active since 8 May 2002
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0477.006.111
- VAT number
- BE 0477.006.111
- Registered office
- Tempelhofstraat 18, 8433 Middelkerke
- Names & denominations
- ZELDA
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 28 February 2002
- Peppol
- Active · Active since 6 Jan 2026
- Activities · NACE
Activiteiten van kuuroorden, sauna’s en stoombaden
Overige lichaamsverzorging
Sauna's, solaria, baden enz.
Cafés en bars
Cafés