Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 53 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
17 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
ZAFFER RESEARCH and DEVELOPMENT from Zaventem, company number BE0823902261, closed financial year 2025 with a result of € -9,252 after tax. For that financial year ZAFFER RESEARCH and DEVELOPMENT recorded a gross margin of € 139,268 and equity of € 41,261. Compared with financial year 2024, the result moved from € 2,451 to € -9,252. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 10, 2026.
€ 41,261
▼ 18% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -9,252
▼ still € 2,451 profit in 2024
Profit after tax over the fiscal year.
€ 8,483
▼ 48% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 19,261.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 112,845
▲ 73% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 22,730
▲ € 22,117 vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 51,000
▲ € 40,000 vs 2024
Loans from banks and other lenders, long and short.
€ 7,663
▼ 75% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 29,156
▲ 47% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 95,387 | € 77,183 | € 94,887 | € 139,268 | ▲ 47% |
| Profit after taxes | € 19,489 | € -135 | € 2,451 | € -9,252 | ▼ € 11,704 |
| Equity | € 48,197 | € 48,062 | € 50,514 | € 41,261 | ▼ 18% |
| Total debts | € 63,531 | € 26,890 | € 61,312 | € 87,819 | ▲ 43% |
| Cash | € 58,623 | € 1,565 | € 16,384 | € 8,483 | ▼ 48% |
| Retained profit | € 28,197 | € 28,062 | € 30,514 | € 19,261 | ▼ 37% |
| Bank debt | € 0 | € 5,000 | € 11,000 | € 51,000 | ▲ € 40,000 |
| Balance sheet total | € 111,728 | € 74,953 | € 111,826 | € 129,080 | ▲ 15% |
| Employees (FTE) | 1 | - | - | - |
Key figures of ZAFFER RESEARCH and DEVELOPMENT, 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 ZAFFER RESEARCH and DEVELOPMENT?
What happened at ZAFFER RESEARCH and DEVELOPMENT in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 9,252 (▼ € 11,704 vs 2024). Source: NBB ↗
- New establishment in Zaventem. KBO
- Start of the company according to the CBE. KBO
In short
From € 19,489 profit in 2022 to € 9,252 loss in 2025.
Paid € 8,304 in corporate taxes since 2022.
Best year ever: 2022, with € 19,489 profit.
On average € 95,400 of value added per employee in 2022.
A new publication or filing at ZAFFER RESEARCH and DEVELOPMENT? 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
Behind ZAFFER RESEARCH and DEVELOPMENT is MUZAFFER GULER. MUZAFFER GULER is also behind GLR, ZAFFER BELGIUM and DBG CONSULTING.
Directors
According to the 2025 annual accounts
Establishments
Establishment units
Physical locations of this company
Weiveldlaan 41
1930 Zaventem
Weiveldlaan 41 box B
1930 Zaventem
Active since 12 March 2010
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 17 companies are registered at this address.
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+12 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
- 0823.902.261
- VAT number
- BE 0823.902.261
- Registered office
- Weiveldlaan 41, 1930 Zaventem
- Names & denominations
- ZAFFER RESEARCH and DEVELOPMENT
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 12 March 2010
- Peppol
- Active · Active since 17 Dec 2025
- Activities · NACE
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