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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Figures corrected NBB
Corrected annual account filed for 2023.
Financials
Financial year 2025
Zeelse Grond- en Kabelwerken from Zele, company number BE0863743923, closed financial year 2025 with a result of € 1.1 million after tax. For that financial year Zeelse Grond- en Kabelwerken recorded a gross margin of € 3.1 million and equity of € 2 million. Compared with financial year 2024, the result moved from € 60,491 to € 1.1 million. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 13, 2026.
€ 2 million
▲ 126% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1.1 million
▲ € 1.1 million vs 2024
Profit after tax over the fiscal year.
€ 549,623
▲ € 517,576 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 € 2 million.
People and assets in 2025
76.4
▲ 57.7 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 2.2 million
▲ 136% vs 2024
€ 29,300 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.
€ 602,821
▲ 84% vs 2024
Of which on lease € 491,864.
Debts at end 2025
€ 770,321
▲ 28% vs 2024
€ 367,129 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 1.7 million
▲ 26% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 643,628
▲ € 502,899 vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 1,494,783 | € 1,692,738 | € 1,299,940 | € 3,057,507 | ▲ 135% |
| Profit after taxes | € 60,304 | € 97,224 | € 60,491 | € 1,120,107 | ▲ € 1.1 million |
| Equity | € 734,630 | € 831,853 | € 892,344 | € 2,012,451 | ▲ 126% |
| Total debts | € 1,730,522 | € 2,083,354 | € 2,156,984 | € 3,271,423 | ▲ 52% |
| Cash | € 36,875 | € 247,367 | € 32,047 | € 549,623 | ▲ € 517,576 |
| Retained profit | € 716,030 | € 813,253 | € 873,744 | € 1,993,851 | ▲ 128% |
| Bank debt | € 769,121 | € 739,731 | € 600,632 | € 770,321 | ▲ 28% |
| Balance sheet total | € 2,465,152 | € 2,915,207 | € 3,049,328 | € 5,283,874 | ▲ 73% |
| Employees (FTE) | 24.2 | 23.4 | 18.7 | 76.4 | ▲ 57.7 |
Key figures of Zeelse Grond- en Kabelwerken, 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 Zeelse Grond- en Kabelwerken?
What happened at Zeelse Grond- en Kabelwerken in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 1.1 million (▲ € 1.1 million vs 2024). filed late Source: NBB ↗
- Vanhulle BV became a director. NBB
- New establishment in Zele. KBO
- Start of the company according to the CBE. KBO
In short
From € 60,304 profit in 2022 to € 1.1 million profit in 2025.
Paid € 231,678 in corporate taxes since 2022.
Best year ever: 2025, with € 1.1 million profit.
On average € 40,000 of value added per employee in 2025.
A new publication or filing at Zeelse Grond- en Kabelwerken? 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 Zeelse Grond- en Kabelwerken is Vanhulle BV. The shares are held by Verbraeken Drilling Infra NV (100%).
Directors
According to the 2025 annual accounts
Bestuurder · represented by Johan Vanhulle
Also active at: ZEELSE GROND- EN KABELWERKEN, VHL CONSTRUCT
since 2023
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Touwslagerstraat 8
9240 Zele
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Certifications & Partners
Hosting & Email
Email provider
Microsoft 365
Hosting
COMBELL-AS, BE
Website info
Features
Security
Details
- Company number
- 0863.743.923
- VAT number
- BE 0863.743.923
- Registered office
- Touwslagerstraat 8, 9240 Zele
- Names & denominations
- Zeelse Grond- en Kabelwerken
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 1 March 2004
- Peppol
- Active · Active since 27 Mar 2026
- Contact
- zgkw.be [email protected] 052 450109
- Activities · NACE
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