NORMAL SITUATION

NACO

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Financial year 2024 · closed on 31/12/2024

Net result

220,6 k €

+38.7% YoY

Gross margin

1,5 M €

Equity

1,7 M €

+15.0% YoY

Workforce

5,9 ETP

-6.3% YoY

Company — Normal situation.

What does NACO do?

NACO is a company registered in Belgium. It employs on average 5,9 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0413.160.513

Legal form

Public limited company

Contributed capital

62 000,00 €

Latest accounts

31/12/2024

Average workforce

5,9 ETP

Joint committees (6)

149
14904
200
2000
218
999001

Signals

ProfitableSolid equityGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	1,5 M €		–		–		–		–		–		–		–		–		–		4,2 M €	-16.0%	5 M €		–		–		–		7,6 M €	+33.4%	5,7 M €	+511%	928,2 k €	+102207%	-909 €
EBITDA	172,6 k €	-41.0%	292,7 k €	+19.7%	244,5 k €	-8.7%	267,9 k €	+7.7%	248,7 k €	-76.2%	1 M €	+25.4%	835 k €	-38.4%	1,4 M €	+13.5%	1,2 M €	-36.2%	1,9 M €	+20.9%	1,6 M €	-17.4%	1,9 M €	+29.9%	1,4 M €	-35.3%	2,2 M €	-34.4%	3,4 M €	+6.1%	3,2 M €	+84.7%	1,7 M €	+155%	681 k €	+23987%	-2,9 k €
Operating result	249,7 k €	+22.5%	203,8 k €	+99.1%	102,4 k €	+187%	-117,2 k €	-39.9%	-83,7 k €	-111%	758,1 k €	+133%	325 k €	-56.6%	749,5 k €	+68.6%	444,6 k €	-60.2%	1,1 M €	+34.2%	831,9 k €	-30.5%	1,2 M €	+48.0%	808,4 k €	-33.5%	1,2 M €	-52.9%	2,6 M €	+10.2%	2,3 M €	+36.1%	1,7 M €	+156%	672,7 k €	+23695%	-2,9 k €
Net result	220,6 k €	+38.7%	159 k €	+73.8%	91,5 k €	+169%	-132,3 k €	-41.7%	-93,4 k €	-118%	526,3 k €	+133%	225,7 k €	-50.7%	458,2 k €	+79.9%	254,7 k €	-62.6%	680,8 k €	+21.4%	561 k €	-31.0%	812,4 k €	+36.3%	596 k €	-46.6%	1,1 M €	-34.1%	1,7 M €	+12.8%	1,5 M €	+36.4%	1,1 M €	+154%	432,8 k €	+22860%	1,9 k €
Balance sheet
Equity	1,7 M €	+15.0%	1,5 M €	+12.1%	1,3 M €	+7.5%	1,2 M €	-9.8%	1,4 M €	-6.5%	1,4 M €	+57.2%	920,3 k €	-61.6%	2,4 M €	+23.7%	1,9 M €	+15.1%	1,7 M €	-66.1%	5 M €	+12.8%	4,4 M €	-18.3%	5,4 M €	+7.9%	5 M €	+19.5%	4,2 M €	+68.2%	2,5 M €	+73.3%	1,4 M €	+116%	663,5 k €	+188%	230,7 k €
Total assets	1,9 M €	+8.8%	1,8 M €	+10.9%	1,6 M €	+0.3%	1,6 M €	-9.7%	1,7 M €	-16.1%	2,1 M €	-45.8%	3,8 M €	+4.2%	3,7 M €	+10.3%	3,3 M €	-19.2%	4,1 M €	-34.6%	6,3 M €	-3.8%	6,6 M €	-9.9%	7,3 M €	-7.1%	7,8 M €	+11.8%	7 M €	+61.6%	4,3 M €	+72.1%	2,5 M €	+161%	966,4 k €	+319%	230,7 k €
Cash	128,3 k €	+36.7%	93,9 k €	+2280%	3,9 k €	+7788%	50 €		–		2,2 k €	+0.1%	2,2 k €	-21.7%	2,8 k €	-81.1%	14,9 k €	-92.6%	200,2 k €	-94.8%	3,8 M €	+14.0%	3,4 M €	+108%	1,6 M €	+377%	337,1 k €	-90.6%	3,6 M €	+87.9%	1,9 M €	+159%	741,6 k €	+21.7%	609,3 k €	+2309%	25,3 k €
Debts	208,7 k €	-13.2%	240,4 k €	+34.1%	179,3 k €	-31.1%	260,2 k €	-17.8%	316,4 k €	-44.3%	567,7 k €	-79.8%	2,8 M €	+151%	1,1 M €	-11.3%	1,3 M €	-45.1%	2,3 M €	+73.8%	1,3 M €	-37.8%	2,1 M €	+14.1%	1,9 M €	-33.3%	2,8 M €	+1.1%	2,8 M €	+54.2%	1,8 M €	+75.9%	1 M €	+244%	295,9 k €		–
Other
Workforce	5,9 ETP	-6.3%	6,3 ETP	-22.2%	8,1 ETP	-15.6%	9,6 ETP	+1.1%	9,5 ETP	-8.7%	10,4 ETP	-9.6%	11,5 ETP	-8.7%	12,6 ETP	-7.4%	13,6 ETP	-20.5%	17,1 ETP	-2.3%	17,5 ETP	-4.9%	18,4 ETP	-12.8%	21,1 ETP	-6.6%	22,6 ETP	-3.0%	23,3 ETP	-12.1%	26,5 ETP	+0.4%	26,4 ETP	+725%	3,2 ETP		–

Governance

Board of directors

Seen on filing of 31/12/2024 · 4 active · 43 ended

Active mandates

Carlos Pascual-Madorran

Director

Active

INFISO

Director · 0455.069.659

Represented by Victor BOSQUIN

Active

Joeri Pascual-Madorran

Persoon belast met dagelijks bestuur

Active

Taleos

Director · 0684.647.081

Represented by Nicolas Thomsin

Active

Ended mandates

Carlos Pascual-Madorran

Director · since 21 mars 2022 · until 20 mai 2025

Ended

INFISO

Director · since 21 mars 2022 · until 20 mai 2025 · 0455.069.659

Represented by Victor Bosquin

Ended

INFISO

Director · since 21 mars 2022 · until 20 mai 2025 · 0455.069.659

Represented by Victor Bosquin

Ended

Joeri Pascual-Madorran

Managing director · since 21 mars 2022 · until 20 mai 2025

Ended

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Abridged model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	29/08/2025	27/09/2024	18/09/2023	22/06/2022	30/06/2021	11/06/2020
General meeting	24/07/2025	26/07/2024	24/07/2023	17/05/2022	18/05/2021	19/05/2020
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

48 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2024	24/07/2025	29/08/2025	Dutch	PDF
Full model	31/12/2023	26/07/2024	27/09/2024	Dutch	PDF
Full model	31/12/2022	24/07/2023	18/09/2023	Dutch	PDF
Full model	31/12/2021	17/05/2022	22/06/2022	Dutch	PDF
Full model	31/12/2020	18/05/2021	30/06/2021	Dutch	PDF
Full model	31/12/2019	19/05/2020	11/06/2020	Dutch	PDF
Full model	31/12/2018	21/05/2019	25/06/2019	Dutch	PDF
Full model	31/12/2017	15/05/2018	22/06/2018	Dutch	PDF
Full model	31/12/2016	30/06/2017	27/07/2017	Dutch	PDF
Full model	31/12/2015	30/06/2016	05/08/2016	Dutch	PDF
Abridged model	31/12/2014	28/05/2015	25/06/2015	Dutch	PDF
Abridged model	31/12/2013	30/05/2014	17/06/2014	Dutch	PDF
Full model	31/12/2012	30/05/2013	06/06/2013	Dutch	PDF
Full model	31/12/2011	31/05/2012	20/06/2012	Dutch	PDF
Full model	31/12/2010	26/05/2011	10/06/2011	Dutch	PDF
Abridged model	31/12/2009	27/05/2010	17/06/2010	Dutch	PDF
Abridged model	31/12/2008	28/05/2009	12/06/2009	Dutch	PDF
Abridged model	31/12/2007	29/05/2008	23/06/2008	Dutch	PDF
Abridged model	31/12/2006	31/05/2007	20/06/2007	Dutch	PDF
Abridged model	31/12/2005	26/05/2006	19/06/2006	Dutch	PDF
Abridged model	31/12/2004	26/05/2005	23/06/2005	Dutch	PDF
Abridged model	31/12/2003	27/05/2004	24/06/2004	Dutch	PDF
Abridged model	31/12/2002	30/05/2003	24/06/2003	Dutch	PDF
Abridged model	31/12/2001	30/05/2002	12/06/2002	Dutch	PDF

View all 48 filings

Estimate

Indicative valuation

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 31/12/2024 · 4 active · 43 ended

Active mandates

Carlos Pascual-Madorran

Director

Active

INFISO

Director · 0455.069.659

Represented by Victor BOSQUIN

Active

Joeri Pascual-Madorran

Persoon belast met dagelijks bestuur

Active

Taleos

Director · 0684.647.081

Represented by Nicolas Thomsin

Active

Ended mandates

Carlos Pascual-Madorran

Director · since 21 mars 2022 · until 20 mai 2025

Ended

INFISO

Director · since 21 mars 2022 · until 20 mai 2025 · 0455.069.659

Represented by Victor Bosquin

Ended

INFISO

Director · since 21 mars 2022 · until 20 mai 2025 · 0455.069.659

Represented by Victor Bosquin

Ended

Joeri Pascual-Madorran

Managing director · since 21 mars 2022 · until 20 mai 2025

Ended

Shareholders

Ownership and network

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Competition

Similar companies

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

See the Business plan

2024
Annual accounts 2024220,6 k €↑
2023
Annual accounts 2023159 k €↑
2022
Annual accounts 202291,5 k €↑
2021
Annual accounts 2021-132,3 k €↓
2020
Annual accounts 2020-93,4 k €↓
2019
Annual accounts 2019526,3 k €↑
2018
Annual accounts 2018225,7 k €↓
2017
Annual accounts 2017458,2 k €↑
2016
Annual accounts 2016254,7 k €↓
2015
Annual accounts 2015680,8 k €↑
2014
Annual accounts 2014561 k €↓
2013
Annual accounts 2013812,4 k €↑
2012
Annual accounts 2012596 k €↓
2011
Annual accounts 20111,1 M €↓
2010
Annual accounts 20101,7 M €↑
2009
Annual accounts 20091,5 M €↑
2008
Annual accounts 20081,1 M €↑
2007
Annual accounts 2007432,8 k €↑
2006
Annual accounts 20061,9 k €

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

NACO

Overview

What does NACO do?

Trend over 19 financial years

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Similar companies

Similar companies

Timeline