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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Busy address KBO
12 other companies have their registered office at the same address; threshold 10.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
Z IMMO from Ukkel, company number BE0873326434, closed financial year 2025 with a result of € 1.3 million after tax. For that financial year Z IMMO recorded revenue of € 3.3 million and equity of € 37.3 million. Compared with financial year 2024, the result moved from € 1.9 million to € 1.3 million. The company is profitable. 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.
€ 37.3 million
▲ 4% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1.3 million
▼ 28% vs 2024
Profit after tax over the fiscal year.
€ 147,328
▲ 96% 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 € 7.3 million.
Debts at end 2025
€ 9.9 million
▼ 10% vs 2024
€ 1.2 million is repaid this year. At this pace the long-term loan is gone in ≈ 8 years.
€ 748,907
▲ € 742,046 vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 182,439
▲ 12% 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 | |
|---|---|---|---|---|---|
| Revenue | € 2,728,260 | € 3,015,585 | € 3,225,497 | € 3,300,381 | ▲ 2% |
| Gross margin | € 1,994,970 | € 4,635,812 | € 4,074,388 | € 4,151,906 | ▲ 2% |
| Profit after taxes | € 578,249 | € 3,139,599 | € 1,876,657 | € 1,349,896 | ▼ 28% |
| Equity | € 30,952,745 | € 34,092,344 | € 35,969,001 | € 37,318,896 | ▲ 4% |
| Total debts | € 26,575,343 | € 18,507,211 | € 18,503,176 | € 18,079,358 | ▼ 2% |
| Cash | € 151,517 | € 55,373 | € 75,000 | € 147,328 | ▲ 96% |
| Land & buildings | € 17,347,859 | € 16,949,023 | € 16,439,397 | € 15,864,197 | ▼ 3% |
| Retained profit | € 4,952,745 | € 8,092,344 | € 9,969,001 | € 7,318,896 | ▼ 27% |
| Bank debt | € 13,000,000 | € 12,000,000 | € 11,000,000 | € 9,900,000 | ▼ 10% |
| Balance sheet total | € 57,528,088 | € 52,599,554 | € 54,472,176 | € 55,398,254 | ▲ 2% |
Key figures of Z IMMO, 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 Z IMMO?
What happened at Z IMMO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 1.3 million (▼ 28% vs 2024). Source: NBB ↗
- New establishment in Ukkel. KBO
- Start of the company according to the CBE. KBO
In short
From € 578,249 profit in 2022 to € 1.3 million profit in 2025.
Paid € 2 million in corporate taxes since 2022.
Best year ever: 2023, with € 3.1 million profit.
Management
The stake of LEMAN comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
Z IMMOBehind Z IMMO are Hélène ZIEGLER, Charlotte ZIEGLER and Alain ZIEGLER. The shares are held by LEMAN (86.6%). It owns 62% of Levray, 61% of IMMOFONDS BELGIUM, 31.2% of Sostrana, 15.4% of Immo Action, 10% of THEIX Sci and 10% of Z L P FINANCES itself.
Directors
According to the 2025 annual accounts
Charlotte ZIEGLER
Director
Also active at: COMPAGNIE ARDENNAISE DELCOURT, La Maison Suisse de Bruxelles, Universal Express, Intertrans, DORNACH, TRANSPORTS AHN, INTERLOGISTICS
Alain ZIEGLER
Managing director
Also active at: COMPAGNIE ARDENNAISE DELCOURT, Universal Express, Louis De Bie, Carga, Intertrans, Green Ocean Lines, Immobilière Socomanex, Dimo +14 more
Shareholders
86.6%
Participations
Levray
62%
31.2%
15.4%
10%
Z L P FINANCES
10%
3.9%
Establishments
Establishment units
Physical locations of this company
Montjoielaan 100
1180 Ukkel
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 12 companies are registered at this address.
All companies at this address →COMPAGNIE ARDENNAISE DELCOURT same network
€ -12,397 gross margin · 2024
La Maison Suisse de Bruxelles same network
€ 10,071 revenue · 2025
Dimo same network
€ 55,993 gross margin · 2025
INTERLOGISTICS same network
€ 3.6 million gross margin · 2025
LEMAN same network
€ 3.6 million revenue · 2025
+7 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
- 0873.326.434
- VAT number
- BE 0873.326.434
- Registered office
- Montjoielaan 100, 1180 Ukkel
- Names & denominations
- Z IMMO
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 20 April 2005
- Peppol
- Not registered