ACTIVE

DECAGON

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Financial year 2025 · closed on 31/12/2025

Net result

26,4 k €

-17.7% YoY

Gross margin

117,5 k €

-3.8% YoY

Equity

766,7 k €

-6.4% YoY

What does DECAGON do?

DECAGON is a Public limited company incorporated in 1968. Its main activity is: Management consultancy activities. Its registered office is in Kontich.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0403.648.573

Incorporation

01/01/1968

Legal form

Public limited company

Registered office

Blauwesteenstraat 91
2550 Kontich · FlandreSee on map

Contributed capital

68 170,72 €

Latest accounts

31/12/2025

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities

Joint committees (1)

14904

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 16 financial years

	2025		2024		2023		2022		2021		2018		2017		2016		2015		2014		2013		2012		2009		2008		2007		2006
Income statement
Gross margin	117,5 k €	-3.8%	122,2 k €	+3.0%	118,6 k €	+9.1%	108,7 k €	+7.9%	100,7 k €	+25.9%	80 k €	-11.8%	90,6 k €	+8.2%	83,8 k €	-8.1%	91,2 k €	+0.2%	91 k €	+8.0%	84,2 k €	-7.9%	91,5 k €	-83.3%	549,1 k €	-31.9%	806,6 k €	+49.2%	540,5 k €	-21.1%	684,6 k €
EBITDA	107,1 k €	-4.4%	112,1 k €	+3.0%	108,9 k €	+9.0%	99,8 k €	+9.5%	91,2 k €	+39.1%	65,5 k €	-16.7%	78,7 k €	+9.0%	72,2 k €	-8.9%	79,2 k €	+0.3%	79 k €	+7.9%	73,2 k €	-9.2%	80,7 k €	-29.6%	114,6 k €	-70.0%	382 k €	+92.3%	198,7 k €	-43.7%	352,6 k €
Operating result	49,3 k €	-10.1%	54,9 k €	+5.9%	51,8 k €	+20.9%	42,9 k €	+22.1%	35,1 k €	+375%	7,4 k €	+112%	-60,6 k €	-193%	65,2 k €	-8.2%	71 k €	+0.3%	70,8 k €	+10.0%	64,4 k €	-9.6%	71,3 k €	+126%	31,5 k €	-76.6%	134,7 k €	-9.6%	149 k €	-48.3%	288,3 k €
Net result	26,4 k €	-17.7%	32,1 k €	+19.4%	26,8 k €	+29.7%	20,7 k €	+106%	10,1 k €	+260%	-6,3 k €	+89.6%	-60,4 k €	-229%	46,9 k €	-10.2%	52,2 k €	-9.4%	57,6 k €	+8.1%	53,3 k €	-16.1%	63,5 k €	+170%	23,5 k €	-79.6%	115,3 k €	-6.3%	123 k €	-36.9%	194,8 k €
Balance sheet
Equity	766,7 k €	-6.4%	819,4 k €	+4.1%	787,3 k €	+3.5%	760,5 k €	+2.8%	739,8 k €	+39.8%	529,3 k €	-1.2%	535,5 k €	-10.1%	596 k €	+1.2%	589,1 k €	+0.4%	586,9 k €	+357%	128,3 k €	-80.8%	669,5 k €	-39.1%	1,1 M €	+2.2%	1,1 M €	+1.4%	1,1 M €	+6.3%	998,2 k €
Total assets	1,2 M €	-8.0%	1,3 M €	-2.7%	1,4 M €	-1.6%	1,4 M €	-3.5%	1,5 M €	-15.9%	1,7 M €	+1.1%	1,7 M €	+144%	703,9 k €	-0.4%	707 k €	+1.6%	695,8 k €	-0.3%	697,5 k €	-7.8%	756,5 k €	-48.0%	1,5 M €	-6.3%	1,6 M €	+14.8%	1,4 M €	+1.3%	1,3 M €
Cash	115,9 k €	-25.0%	154,4 k €	+205%	50,6 k €	-34.2%	76,8 k €	-36.2%	120,3 k €	-40.3%	201,5 k €	-62.7%	540,8 k €	-11.2%	609,2 k €	+9773%	6,2 k €	+339%	1,4 k €	-99.8%	584,5 k €	+94.7%	300,2 k €	-57.6%	708,7 k €	+6.5%	665,6 k €	+30.7%	509 k €	-10.1%	566 k €
Debts	363 k €	-11.2%	408,9 k €	-12.7%	468,5 k €	-7.9%	508,4 k €	-9.4%	561,2 k €	-52.5%	1,2 M €	+2.1%	1,2 M €	+1298%	82,9 k €	-10.8%	92,9 k €	+10.8%	83,9 k €	-84.6%	544,2 k €	+778%	62 k €	-72.0%	221,1 k €	-50.8%	449,4 k €	+55.0%	289,9 k €	-13.5%	335,3 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		–		–		8,7 ETP	+7.4%	8,1 ETP	+8.0%	7,5 ETP	0.0%	7,5 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 22 ended

Active mandates

Erik KETELE

Managing director · since 15 juin 2021 · until 15 juin 2027

Active

Martine PRIÉ

Director · since 15 juin 2021 · until 15 juin 2027

Active

Ended mandates

Erik Ketele

Director · since 15 juin 2015 · until 15 juin 2021

Ended

Erik KETELE

Managing director · since 15 juin 2015 · until 15 juin 2021

Ended

Holding Ketele

Director · since 15 juin 2015 · until 15 juin 2021 · 0447.084.183

Represented by Erik Ketele

Ended

Holding Ketele

Director · since 15 juin 2015 · until 13 décembre 2019 · 0447.084.183

Represented by Olivier Ketele

Ended

At this address

Other companies at this address

Company	CBE no.
GRAFLUX● Active	0425.371.229
GROEP KETELE● Active	0828.623.785
KETELE● Active	0826.060.512

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro 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	25/02/2026	07/03/2025	03/05/2024	01/06/2023	27/06/2022	14/07/2021
General meeting	24/02/2026	05/03/2025	03/05/2024	28/05/2023	08/06/2022	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

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	24/02/2026	25/02/2026	Dutch	PDF
Micro model	31/12/2024	05/03/2025	07/03/2025	Dutch	PDF
Micro model	31/12/2023	03/05/2024	03/05/2024	Dutch	PDF
Micro model	31/12/2022	28/05/2023	01/06/2023	Dutch	PDF
Micro model	31/12/2021	08/06/2022	27/06/2022	Dutch	PDF
Micro model	31/12/2020	15/06/2021	14/07/2021	Dutch	PDF
Micro model	31/12/2019	15/06/2020	13/07/2020	Dutch	PDF
Micro model	31/12/2018	15/06/2019	08/07/2019	Dutch	PDF
Abridged model	31/12/2017	15/06/2018	20/06/2018	Dutch	PDF
Micro model	31/12/2016	15/06/2017	27/06/2017	Dutch	PDF
Abridged model	31/12/2015	15/06/2016	06/07/2016	Dutch	PDF
Abridged model	31/12/2014	15/06/2015	13/07/2015	Dutch	PDF
Abridged model	31/12/2013	16/06/2014	24/06/2014	Dutch	PDF
Abridged model	31/12/2012	15/06/2013	02/08/2013	Dutch	PDF
Abridged model	31/12/2011	15/06/2012	23/07/2012	Dutch	PDF
Abridged modelCorrection	31/12/2010	07/04/2011	20/09/2011	Dutch	PDF
Abridged model	31/12/2010	07/04/2011	11/08/2011	Dutch	PDF
Abridged model	31/12/2009	17/02/2010	09/03/2010	Dutch	PDF
Abridged model	31/12/2008	15/06/2009	06/07/2009	Dutch	PDF
Abridged model	31/12/2007	16/06/2008	19/06/2008	Dutch	PDF
Abridged model	31/12/2006	15/06/2007	28/08/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 k€

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 · 2 active · 22 ended

Active mandates

Erik KETELE

Managing director · since 15 juin 2021 · until 15 juin 2027

Active

Martine PRIÉ

Director · since 15 juin 2021 · until 15 juin 2027

Active

Ended mandates

Erik Ketele

Director · since 15 juin 2015 · until 15 juin 2021

Ended

Erik KETELE

Managing director · since 15 juin 2015 · until 15 juin 2021

Ended

Holding Ketele

Director · since 15 juin 2015 · until 15 juin 2021 · 0447.084.183

Represented by Erik Ketele

Ended

Holding Ketele

Director · since 15 juin 2015 · until 13 décembre 2019 · 0447.084.183

Represented by Olivier Ketele

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates25/02/2022
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares24/06/2020
KAPITAAL - AANDELEN
PDF
Other08/01/2020
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Registered office10/01/2019
MAATSCHAPPELIJKE ZETEL
PDF
Mandates26/06/2015
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares12/03/2015
KAPITAAL - AANDELEN
PDF
Capital / shares24/02/2014
KAPITAAL - AANDELEN
PDF
Mandates24/06/2010
ONTSLAGEN - BENOEMINGEN
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 202526,4 k €↓
2024
Annual accounts 202432,1 k €↑
2023
Annual accounts 202326,8 k €↑
2022
Annual accounts 202220,7 k €↑
2021
Annual accounts 202110,1 k €↑
2018
Annual accounts 2018-6,3 k €↑
2017
Annual accounts 2017-60,4 k €↓
2016
Annual accounts 201646,9 k €↓
2015
Annual accounts 201552,2 k €↓
2014
Annual accounts 201457,6 k €↑
2013
Annual accounts 201353,3 k €↓
2012
Annual accounts 201263,5 k €↑
2009
Annual accounts 200923,5 k €↓
2008
Annual accounts 2008115,3 k €↓
2007
Annual accounts 2007123 k €↓
2006
Annual accounts 2006194,8 k €
01/01/1968
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

DECAGON

Overview

What does DECAGON do?

Trend over 16 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