Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Busy address KBO
15 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
ZEPHYR INVEST III from Gent, company number BE0535541750, closed financial year 2025 with a result of € -205,994 after tax. For that financial year ZEPHYR INVEST III recorded a gross margin of € 15,195 and equity of € 993,224. Compared with financial year 2024, the result moved from € 111,519 to € -205,994. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on August 31, 2026.
€ 993,224
▼ 17% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -205,994
▼ still € 111,519 profit in 2024
Profit after tax over the fiscal year.
€ 277,858
▼ 80% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 343,224.
People and assets in 2025
€ 524,848
▼ 29% vs 2024
Of which on lease € 524,848.
Debts at end 2025
€ 20,166
▼ 23% vs 2024
€ 6,435 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 113,787
▼ 69% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 1,705
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
Want to see how much further we take a dossier in the Pro version? Open the free De Lijn example and give feedback →
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 341,178 | € 1,011,366 | € 345,263 | € 15,195 | ▼ 96% |
| Profit after taxes | € 95,313 | € 725,283 | € 111,519 | € -205,994 | ▼ € 317,513 |
| Equity | € 1,052,416 | € 1,177,699 | € 1,199,218 | € 993,224 | ▼ 17% |
| Total debts | € 1,186,264 | € 1,594,201 | € 1,436,995 | € 138,987 | ▼ 90% |
| Cash | € 560,266 | € 718,625 | € 1,401,688 | € 277,858 | ▼ 80% |
| Land & buildings | € 386 | € 0 | - | - | |
| Retained profit | € 402,416 | € 527,699 | € 549,218 | € 343,224 | ▼ 38% |
| Dividend | € 90,000 | € 600,000 | € 90,000 | € 0 | ▼ 100% |
| Bank debt | € 389,530 | € 79,600 | € 26,330 | € 20,166 | ▼ 23% |
| Balance sheet total | € 2,238,681 | € 2,771,900 | € 2,636,213 | € 1,132,210 | ▼ 57% |
Key figures of ZEPHYR INVEST III, 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 ZEPHYR INVEST III?
What happened at ZEPHYR INVEST III in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 205,994 (▼ € 317,513 vs 2024). filed late Source: NBB ↗
- Maarten Michielssens became a director. NBB
- Koen Decourt became a director. NBB
- New establishment in Gent. KBO
- Start of the company according to the CBE. KBO
In short
From € 95,313 profit in 2022 to € 205,994 loss in 2025.
Paid € 54,714 in corporate taxes since 2022.
Best year ever: 2023, with € 725,283 profit.
Paid out € 780,000 in dividends to the owners in total.
A new publication or filing at ZEPHYR INVEST III? We notify you, reason included.
Follow ZEPHYR INVEST IIIDatabakkes Pro
Know what changes at your customers, suppliers and competitors. Without reading an annual account.
- Follow them in one folder Every company in your folder gets this full dossier: household book, all fiscal years, benchmark against companies of the same size.
- We alert you, with the reason New annual account, Official Gazette publication or status change: you get what changed and where it says so.
- In bulk too, and in ChatGPT and Claude Upload your customer list and get the warning signs back per company. Or ask in your own AI assistant, with this register as the source.
Databakkes Pro is being built. Sign up now and you are first in line for an invitation, with a month to try without a credit card.
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 ZEPHYR INVEST III are Maarten Michielssens and Koen Decourt. Koen Decourt is also behind EnergyVision, INTRIMM, LOCABUILD, SOLARBUILD 1000 and EcoTess.
Directors
According to the 2025 annual accounts
Maarten Michielssens
Director
since 2026
Koen Decourt
Director
Also active at: EnergyVision, INTRIMM, LOCABUILD, SOLARBUILD 1000, EcoTess, SOLARBUILD 9000, SOLARBUILD 8000, SOLARBUILD 2030 +7 more
since 2026
Establishments
Establishment units
Physical locations of this company
Kortrijksesteenweg 1071
9051 Gent
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 15 companies are registered at this address.
All companies at this address →ZEPHYR INVEST II
€ 289,984 gross margin · 2024
ZEPHYR INVEST I
€ 276,085 gross margin · 2024
EnergyVision same network
€ 151.9 million revenue · 2025
KoDec Invest
€ 142,083 gross margin · 2025
ECOMARO
€ 190,127 gross margin · 2025
+10 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0535.541.750
- VAT number
- BE 0535.541.750
- Registered office
- Kortrijksesteenweg 1071, 9051 Gent
- Names & denominations
- ZEPHYR INVEST III
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 5 June 2013
- Peppol
- Active · Active since 26 Aug 2026
- Activities · NACE
Productie van elektriciteit uit niet-hernieuwbare bronnen