Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 3 of the last 3 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Busy address KBO
15 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
ZORREL from Meise, company number BE0785436615, closed financial year 2025 with a result of € -150,742 after tax. For that financial year ZORREL recorded a gross margin of € -13,457 and equity of € -447,148. Compared with financial year 2024, the result moved from € -188,044 to € -150,742. 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 March 9, 2026.
€ -447,148
▼ € 150,742 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -150,742
▲ 20 % less loss than in 2024
Profit after tax over the fiscal year.
€ 478,382
▼ 34% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -547,148.
Debts at end 2025
€ 782,023
▼ 9% vs 2024
€ 85,511 is repaid this year. At this pace the long-term loan is gone in ≈ 9 years.
€ 7,541
▼ 13% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 110
▼ 98% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|
| Gross margin | € -79,958 | € -21,416 | € -13,457 | ▲ € 7,959 |
| Profit after taxes | € -208,362 | € -188,044 | € -150,742 | ▲ € 37,302 |
| Equity | € -108,362 | € -296,406 | € -447,148 | ▼ € 150,742 |
| Total debts | € 2,419,743 | € 2,388,508 | € 2,351,424 | ▼ 2% |
| Cash | € 954,181 | € 720,518 | € 478,382 | ▼ 34% |
| Land & buildings | € 1,343,929 | € 1,349,639 | € 1,409,731 | ▲ 4% |
| Retained profit | € -208,362 | € -396,406 | € -547,148 | ▼ € 150,742 |
| Bank debt | € 943,423 | € 863,570 | € 782,023 | ▼ 9% |
| Balance sheet total | € 2,311,381 | € 2,092,102 | € 1,904,276 | ▼ 9% |
Key figures of ZORREL, fiscal years 2023 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 ZORREL?
What happened at ZORREL in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 150,742. Source: NBB ↗
- Stephex Holding NV became a director. NBB
- New establishment in Zoersel. KBO
- Start of the company according to the CBE. KBO
In short
From € 208,362 loss in 2023 to € 150,742 loss in 2025.
A new publication or filing at ZORREL? 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
The stake of STEPHEX HOLDING comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
ZORRELBehind ZORREL is Stephex Holding NV. The shares are held by STEPHEX HOLDING (100%).
Directors
According to the 2025 annual accounts
Director · represented by Stephan Conter
Also active at: STEPHEX and C°, STEPHEX SERVICE, STEPHEX BUILDINGS
since 2023
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Lovegemstraat 8
1861 Meise
Liefkenshoek 102
2980 Zoersel
Active since 26 April 2022
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 →Lieve Vrouwenhof Ruiters
The Pony Club of Belgium
STEPHEX and C° same network
€ 4.3 million gross margin · 2025
THADDEUS et Cie
€ 347,294 gross margin · 2025
STEPHEX STABLES
€ 130.9 million revenue · 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
- 0785.436.615
- VAT number
- BE 0785.436.615
- Registered office
- Lovegemstraat 8, 1861 Meise
- Names & denominations
- ZORREL
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 26 April 2022
- Peppol
- Active · Active since 9 Jan 2026
- Activities · NACE
Activiteiten van paardensportclubs
Activiteiten van syndici van onroerend goed
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen