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 4 of the last 4 fiscal years.
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Busy address KBO
36 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
ZELLIK 2 from Eupen, company number BE0830520433, closed financial year 2025 with a result of € 912,959 after tax. For that financial year ZELLIK 2 recorded a gross margin of € 631,757 and equity of € -1.7 million. Compared with financial year 2024, the result moved from € 1.3 million to € 912,959. The company is profitable. 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 June 23, 2026.
€ -1.7 million
▲ € 912,959 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 912,959
▼ 30% vs 2024
Profit after tax over the fiscal year.
€ 1.2 million
▲ 20% 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 € -3.8 million.
Debts at end 2025
€ 3.1 million
▼ 9% vs 2024
€ 316,533 is repaid this year. At this pace the long-term loan is gone in ≈ 10 years.
€ 11,015
▲ 44% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 29,777
▼ 48% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 576,564 | € 413,799 | € 2,467,493 | € 631,757 | ▼ 74% |
| Profit after taxes | € -231,905 | € -1,570,329 | € 1,302,065 | € 912,959 | ▼ 30% |
| Equity | € -2,345,355 | € -3,915,683 | € -2,613,618 | € -1,700,659 | ▲ € 912,959 |
| Total debts | € 6,309,620 | € 5,857,949 | € 3,512,802 | € 3,184,497 | ▼ 9% |
| Cash | € 1,728,053 | € 1,330,521 | € 969,940 | € 1,166,300 | ▲ 20% |
| Retained profit | € -4,405,405 | € -5,975,733 | € -4,673,668 | € -3,760,709 | ▲ € 912,959 |
| Bank debt | € 6,273,574 | € 5,779,012 | € 3,447,689 | € 3,143,705 | ▼ 9% |
| Balance sheet total | € 5,918,167 | € 3,896,167 | € 2,853,086 | € 2,523,289 | ▼ 12% |
Key figures of ZELLIK 2, 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 ZELLIK 2?
What happened at ZELLIK 2 in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 912,959 (▼ 30% vs 2024). Source: NBB ↗
- Oliver Hornhardt became a director. NBB
- New establishment in Zaventem. KBO
- Start of the company according to the CBE. KBO
In short
From € 231,905 loss in 2022 to € 912,959 profit in 2025.
Paid € 26,892 in corporate taxes since 2022.
Best year ever: 2024, with € 1.3 million profit.
Management
Behind ZELLIK 2 is Oliver Hornhardt.
Directors
According to the 2025 annual accounts
Oliver Hornhardt
Director
since 2019
Establishments
Establishment units
Physical locations of this company
Hütte 79 box 11
4700 Eupen
Leuvensesteenweg 369 box F1
1932 Zaventem
Active since 29 October 2010
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 36 companies are registered at this address.
All companies at this address →Wirtschaftsförderungsgesellschaft Ostbelgiens VoG
€ 1.6 million gross margin · 2025
ANT RE
HEDO
€ 581,676 gross margin · 2026
ENTWICKLUNGS- UND BETEILIGUNGSGESELLSCHAFT OSTBELGIENS
€ 160,307 gross margin · 2025
ITEESI, EUROPEAN DIVISION, BELGIUM
€ -33,739 gross margin · 2024
+31 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
- 0830.520.433
- VAT number
- BE 0830.520.433
- Registered office
- Hütte 79 bus 11, 4700 Eupen
- Names & denominations
- ZELLIK 2
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 21 October 2010
- Peppol
- Active · Active since 14 Oct 2025
- Activities · NACE
Handel in elektriciteit
Productie van elektriciteit uit niet-hernieuwbare bronnen
Groothandel in elektrisch materiaal, inclusief installatiemateriaal