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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Negative equity NBB
More debt than assets in 2 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 47 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
ZELCO from Zele, company number BE0725677388, closed financial year 2025 with a result of € -11,352 after tax. For that financial year ZELCO recorded a gross margin of € 524,656 and equity of € -80,665. Compared with financial year 2024, the result moved from € -115,278 to € -11,352. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on April 28, 2026.
€ -80,665
▼ € 11,352 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -11,352
▲ 90 % less loss than in 2024
Profit after tax over the fiscal year.
€ 89,068
▲ 59% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -130,665.
People and assets in 2025
10.4
▼ 0.2 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 385,392
▼ 5% vs 2024
€ 37,100 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.
Debts at end 2025
€ 752,167
▼ 10% vs 2024
€ 145,800 is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 299,832
▼ 29% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 77,294
▼ 7% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 250,067 | € 440,136 | € 341,264 | € 524,656 | ▲ 54% |
| Profit after taxes | € -142,614 | € 18,412 | € -115,278 | € -11,352 | ▲ € 103,926 |
| Equity | € 27,553 | € 45,965 | € -69,312 | € -80,665 | ▼ € 11,352 |
| Total debts | € 844,970 | € 739,339 | € 1,984,212 | € 1,518,134 | ▼ 23% |
| Cash | € 47,988 | € 26,883 | € 56,036 | € 89,068 | ▲ 59% |
| Retained profit | € -22,447 | € -4,035 | € -119,312 | € -130,665 | ▼ € 11,352 |
| Bank debt | € 207,900 | € 177,100 | € 837,967 | € 752,167 | ▼ 10% |
| Balance sheet total | € 872,523 | € 785,304 | € 1,914,900 | € 1,437,469 | ▼ 25% |
| Employees (FTE) | 9.6 | 10.1 | 10.6 | 10.4 | ▼ 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 30 April 2027.
What happened to ZELCO?
What happened at ZELCO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 11,352. Source: NBB ↗
- New establishment in Zele. KBO
- New establishment in Zele. KBO
- BASTIJNS INVESTMENT & MANAGEMENT COMPANY BV became a director. NBB
- Liesbet Deprest became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 142,614 loss in 2022 to € 11,352 loss in 2025.
Paid € 316 in corporate taxes since 2022.
Best year ever: 2023, with € 18,412 profit.
On average € 50,400 of value added per employee in 2025.
Management
The stake of BASTIJNS INVESTMENT & MANAGEMENT COMPANY comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
ZELCOBehind ZELCO are BASTIJNS INVESTMENT & MANAGEMENT COMPANY BV and Liesbet Deprest. The shares are held by BASTIJNS INVESTMENT & MANAGEMENT COMPANY (99%).
Directors
According to the 2025 annual accounts
BASTIJNS INVESTMENT & MANAGEMENT COMPANY BV
Director · represented by Ive Bastijns
Also active at: BASTIJNS - VAN CEULEN, TEMCO, MABETEM, BASTIMO, BASTIJNS MARKET, BASTIJNS SINAAI, MADB, L-FRESH +2 more
since 2019
since 2019
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Gentsesteenweg 228
9240 Zele
Markt 17
9240 Zele
Active since 1 June 2019
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0725.677.388
- VAT number
- BE 0725.677.388
- Registered office
- Gentsesteenweg 228, 9240 Zele
- Names & denominations
- ZELCO
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 25 April 2019
- Peppol
- Active · Active since 9 Sept 2025
- Activities · NACE
Niet-gespecialiseerde detailhandel waarbij voedings- en genotmiddelen overheersen
Detailhandel in niet-gespecialiseerde winkels waarbij voedings- en genotmiddelen overheersen (verkoopsoppervlakte tussen 400 m² en minder dan 2500 m²)