ACTIVE

Endeco

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Financial year 2025 · closed on 31/12/2025

Net result

458,1 k €

-33.9% YoY

Gross margin

3,2 M €

-8.1% YoY

Equity

4,4 M €

+11.6% YoY

Workforce

36,6 ETP

-5.9% YoY

What does Endeco do?

Endeco is a Public limited company incorporated in 1963. Its registered office is in Wavre. It employs on average 36,6 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0400.361.263

Incorporation

01/01/1963

Legal form

Public limited company

Registered office

Rue de l'Industrie 6
1301 Wavre · WallonieSee on map

Contributed capital

632 128,49 €

Latest accounts

31/12/2025

Average workforce

36,6 ETP

Joint committees (3)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	3,2 M €	-8.1%	3,5 M €	-11.8%	3,9 M €		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–
EBITDA	810,1 k €	-30.1%	1,2 M €	-16.5%	1,4 M €	+21.4%	1,1 M €	+53.1%	746,8 k €	+37.4%	543,6 k €	+110%	259 k €	-7.4%	279,7 k €	-11.0%	314,4 k €	+46.4%	214,7 k €	-29.8%	305,9 k €	-23.9%	401,8 k €	+2582%	15 k €	-91.0%	165,7 k €	+22.3%	135,5 k €	+29.1%	104,9 k €	-17.7%	127,5 k €	+19.1%	107,1 k €	-24.0%	141 k €	-66.2%	416,8 k €
Operating result	683,8 k €	-34.4%	1 M €	-16.7%	1,3 M €	+19.5%	1 M €	+62.2%	645,4 k €	+54.7%	417,1 k €	+298%	104,9 k €	+11.9%	93,7 k €	-24.3%	123,7 k €	+183%	43,7 k €	-75.2%	175,9 k €	-35.7%	273,4 k €	+366%	-102,8 k €	-330%	44,8 k €	+105%	21,8 k €	+164%	-34,1 k €	-257%	21,7 k €	+75.2%	12,4 k €	-76.9%	53,7 k €	-85.1%	361,1 k €
Net result	458,1 k €	-33.9%	692,7 k €	-22.9%	898,8 k €	+43.4%	626,8 k €	+39.0%	451,1 k €	+47.1%	306,7 k €	+1862%	15,6 k €	-55.2%	34,9 k €	-29.8%	49,7 k €	+908%	-6,2 k €	-607%	1,2 k €	-99.5%	232,6 k €	+230%	-179 k €	-1168%	-14,1 k €	-491%	3,6 k €	-96.6%	106,1 k €	+845%	11,2 k €	-44.7%	20,3 k €	-45.5%	37,3 k €	-56.7%	86,1 k €
Balance sheet
Equity	4,4 M €	+11.6%	3,9 M €	+21.4%	3,2 M €	+38.4%	2,3 M €	+36.6%	1,7 M €	+35.7%	1,3 M €	+32.0%	957 k €	+1.7%	941,3 k €	+3.8%	906,5 k €	+5.8%	856,8 k €	-0.7%	862,9 k €	+0.1%	861,7 k €	+37.0%	629,1 k €	-22.2%	808,1 k €	-1.7%	822,3 k €	+0.4%	818,7 k €	+14.9%	712,6 k €	+1.6%	701,3 k €	+3.0%	681 k €	+5.8%	643,8 k €
Total assets	6,4 M €	+13.0%	5,7 M €	-0.5%	5,7 M €	+27.1%	4,5 M €	+8.7%	4,1 M €	+13.8%	3,6 M €	-4.5%	3,8 M €	+1.8%	3,7 M €	+5.2%	3,5 M €	+1.0%	3,5 M €	-9.4%	3,9 M €	+12.5%	3,4 M €	-3.3%	3,6 M €	+0.1%	3,6 M €	-2.2%	3,6 M €	+17.9%	3,1 M €	-18.5%	3,8 M €	+26.3%	3 M €	+28.0%	2,3 M €	+5.6%	2,2 M €
Cash	1,6 M €	+15.6%	1,4 M €	-7.4%	1,5 M €	+30.8%	1,2 M €	+208%	382,2 k €	+864%	39,6 k €	-71.3%	138 k €	-5.8%	146,5 k €	+92.5%	76,1 k €	+80.4%	42,2 k €	-52.9%	89,5 k €	-85.0%	597 k €	+72.9%	345,2 k €	+46.9%	234,9 k €	-67.2%	716,1 k €	+180%	255,6 k €	+133%	109,8 k €	-78.3%	505,1 k €	+17.1%	431,4 k €	-27.0%	591,3 k €
Debts	1,9 M €	+18.0%	1,6 M €	-30.5%	2,3 M €	+15.5%	2 M €	-11.6%	2,2 M €	+3.3%	2,2 M €	-18.3%	2,7 M €	+2.8%	2,6 M €	+7.0%	2,4 M €	-1.4%	2,5 M €	-12.5%	2,8 M €	+18.4%	2,4 M €	-12.6%	2,7 M €	+7.5%	2,5 M €	-2.2%	2,6 M €	+27.5%	2 M €	-27.1%	2,8 M €	+39.5%	2 M €	+46.9%	1,4 M €	+7.5%	1,3 M €
Other
Workforce	36,6 ETP	-5.9%	38,9 ETP	-10.4%	43,4 ETP	+0.2%	43,3 ETP	-0.5%	43,5 ETP	-16.0%	51,8 ETP	0.0%	51,8 ETP	-2.6%	53,2 ETP	+3.9%	51,2 ETP	+0.6%	50,9 ETP	+0.2%	50,8 ETP	-5.6%	53,8 ETP	+6.5%	50,5 ETP	-3.4%	52,3 ETP	-4.0%	54,5 ETP	-8.6%	59,6 ETP	-3.4%	61,7 ETP	+14.3%	54,0 ETP	-6.1%	57,5 ETP	-6.7%	61,6 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 11 ended

Active mandates

Alain LEBLICQ

Director · since 14 mars 2024

Active

Ended mandates

Alain LEBLICQ

Managing director · since 27 mai 2011 · until 19 juin 2017

Ended

Alain LEBLICQ

Managing director · since 27 mai 2011 · until 16 juillet 2023

Ended

Claudine BIDOUL

Director · since 27 mai 2011 · until 19 juin 2017

Ended

Claudine BIDOUL

Director · since 02 janvier 2007 · until 05 mars 2013

Ended

At this address

Other companies at this address

Company	CBE no.
ENDECO/RINALDI/TDGI● Active	0670.476.272
Global Finishing Group● Active	1021.291.719
PRM PARACHEVEMENTS● Active	1038.288.790

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Full model	Full model	Full model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	29/06/2026	30/07/2025	28/06/2024	31/08/2023	26/08/2022	23/08/2021
General meeting	05/06/2026	30/06/2025	17/06/2024	21/06/2023	15/06/2022	15/06/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	05/06/2026	29/06/2026	French	PDF
Abridged model	31/12/2024	30/06/2025	30/07/2025	French	PDF
Abridged model	31/12/2023	17/06/2024	28/06/2024	French	PDF
Full model	31/12/2022	21/06/2023	31/08/2023	French	PDF
Full model	31/12/2021	15/06/2022	26/08/2022	French	PDF
Full model	31/12/2020	15/06/2021	23/08/2021	French	PDF
Full model	31/12/2019	15/06/2020	30/07/2020	French	PDF
Full model	31/12/2018	14/06/2019	30/08/2019	French	PDF
Full model	31/12/2017	18/06/2018	31/08/2018	French	PDF
Full model	31/12/2016	19/06/2017	30/08/2017	French	PDF
Full model	31/12/2015	20/06/2016	31/08/2016	French	PDF
Full model	31/12/2014	15/06/2015	29/08/2015	French	PDF
Full model	31/12/2013	16/06/2014	30/09/2014	French	PDF
Full model	31/12/2012	17/06/2013	28/06/2013	French	PDF
Full model	31/12/2011	18/06/2012	19/06/2012	French	PDF
Full model	31/12/2010	20/06/2011	07/07/2011	French	PDF
Full model	31/12/2009	21/06/2010	22/08/2010	French	PDF
Full model	31/12/2008	15/06/2009	02/07/2009	French	PDF
Full model	31/12/2007	16/06/2008	26/08/2008	French	PDF
Full model	31/12/2006	06/03/2007	02/08/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 11 ended

Active mandates

Alain LEBLICQ

Director · since 14 mars 2024

Active

Ended mandates

Alain LEBLICQ

Managing director · since 27 mai 2011 · until 19 juin 2017

Ended

Alain LEBLICQ

Managing director · since 27 mai 2011 · until 16 juillet 2023

Ended

Claudine BIDOUL

Director · since 27 mai 2011 · until 19 juin 2017

Ended

Claudine BIDOUL

Director · since 02 janvier 2007 · until 05 mars 2013

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates25/03/2024
DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE
PDF
Mandates06/07/2018
DEMISSIONS, NOMINATIONS
PDF
Mandates27/05/2011
DEMISSIONS, NOMINATIONS
PDF
Mandates21/06/2007
DEMISSIONS, NOMINATIONS
PDF
Mandates07/03/2005
DEMISSIONS, NOMINATIONS
PDF
Mandates16/02/2005
DEMISSIONS, NOMINATIONS
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 2025458,1 k €↓
2024
Annual accounts 2024692,7 k €↓
2023
Annual accounts 2023898,8 k €↑
2022
Annual accounts 2022626,8 k €↑
2021
Annual accounts 2021451,1 k €↑
2020
Annual accounts 2020306,7 k €↑
2019
Annual accounts 201915,6 k €↓
2018
Annual accounts 201834,9 k €↓
2017
Annual accounts 201749,7 k €↑
2016
Annual accounts 2016-6,2 k €↓
2015
Annual accounts 20151,2 k €↓
2014
Annual accounts 2014232,6 k €↑
2013
Annual accounts 2013-179 k €↓
2012
Annual accounts 2012-14,1 k €↓
2011
Annual accounts 20113,6 k €↓
2010
Annual accounts 2010106,1 k €↑
2009
Annual accounts 200911,2 k €↓
2008
Annual accounts 200820,3 k €↓
2007
Annual accounts 200737,3 k €↓
2006
Annual accounts 200686,1 k €
01/01/1963
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

Endeco

Overview

What does Endeco do?

Trend over 20 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline