ACTIVE

DARCO

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Financial year 2025 · closed on 31/12/2025

Net result

181,3 k €

-3.1% YoY

Gross margin

313,4 k €

-8.3% YoY

Equity

1,5 M €

+1.4% YoY

Workforce

1,0 ETP

0.0% YoY

What does DARCO do?

DARCO is a Public limited company incorporated in 1976. Its main activity is: Other printing. Its registered office is in Zaventem. It employs on average 1,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0416.777.722

Incorporation

30/12/1976

Legal form

Public limited company

Registered office

Sterrebeekstraat 176 box A-B
1930 Zaventem · FlandreSee on map

Contributed capital

65 000,00 €

Latest accounts

31/12/2025

Average workforce

1,0 ETP

Activities (NACE)

18120Other printing· main 18120Other printing 22220Manufacture of plastic packing goods 70200Management consultancy activities 70220Business and other management consultancy activities

Joint committees (3)

Signals

ProfitableSolid equityLow riskPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

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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	313,4 k €	-8.3%	341,7 k €	-1.7%	347,8 k €	+15.1%	302,1 k €	+656%	40 k €	-75.4%	162,1 k €	-7.2%	174,7 k €	+11.9%	156,2 k €	+492%	26,4 k €	+372%	-9,7 k €	-340%	4 k €	-96.7%	121,5 k €	-43.1%	213,6 k €	+16.6%	183,1 k €	-71.2%	636,6 k €	-54.9%	1,4 M €	+78.6%	790,7 k €	+24.8%	633,7 k €	-0.6%	637,5 k €	+55.8%	409,2 k €
EBITDA	277,5 k €	-9.4%	306,4 k €	+3.4%	296,3 k €	+8.8%	272,2 k €	+2676%	9,8 k €	-92.6%	132,2 k €	-6.7%	141,7 k €	+17.4%	120,7 k €	+1597%	-8,1 k €	+48.7%	-15,7 k €	-187%	-5,5 k €	-105%	114,7 k €	-43.0%	201,3 k €	+41.7%	142,1 k €	-36.7%	224,4 k €	-61.8%	586,9 k €	+125%	261,3 k €	+32.3%	197,5 k €	-28.0%	274,4 k €	+396%	55,3 k €
Operating result	247,3 k €	-3.6%	256,4 k €	+1.0%	253,9 k €	+10.5%	229,9 k €	+715%	-37,4 k €	-135%	107,5 k €	-24.0%	141,5 k €	+17.2%	120,7 k €	+1597%	-8,1 k €	+48.7%	-15,7 k €	+29.9%	-22,4 k €	-120%	112,4 k €	-41.5%	192 k €	+32.9%	144,5 k €	-26.5%	196,5 k €	-16.1%	234,3 k €	+449%	42,6 k €	+279%	-23,9 k €	-111%	210,8 k €	+432%	-63,4 k €
Net result	181,3 k €	-3.1%	187,1 k €	-41.7%	321,2 k €	+79.3%	179,1 k €	+459%	-49,8 k €	-164%	77,7 k €	-61.3%	201 k €	+76.9%	113,6 k €	+766%	-17,1 k €	+33.2%	-25,5 k €	+48.8%	-49,8 k €	-154%	91,7 k €	-58.6%	221,6 k €	+35.0%	164,2 k €	+424%	-50,6 k €	-345%	20,7 k €	-27.4%	28,5 k €	+806%	3,1 k €	-88.9%	28,2 k €	+6.7%	26,4 k €
Balance sheet
Equity	1,5 M €	+1.4%	1,5 M €	+0.5%	1,5 M €	+1.4%	1,5 M €	+1.3%	1,5 M €	-3.3%	1,5 M €	+5.4%	1,4 M €	+11.8%	1,3 M €	+9.7%	1,2 M €	-1.4%	1,2 M €	-2.1%	1,2 M €	-4.0%	1,3 M €	+7.8%	1,2 M €	+23.4%	946,4 k €	+21.0%	782,2 k €	-6.1%	832,8 k €	+2.5%	812,2 k €	+3.6%	783,7 k €	+0.4%	780,5 k €	+3.7%	752,3 k €
Total assets	2,3 M €	-0.7%	2,3 M €	-7.4%	2,5 M €	+5.7%	2,4 M €	-3.5%	2,4 M €	+1.2%	2,4 M €	+5.2%	2,3 M €	-0.3%	2,3 M €	+1.0%	2,3 M €	-0.7%	2,3 M €	-2.0%	2,3 M €	+2.5%	2,3 M €	-2.1%	2,3 M €	-12.7%	2,7 M €	-44.3%	4,8 M €	-21.9%	6,2 M €	+0.8%	6,1 M €	+36.1%	4,5 M €	-5.6%	4,8 M €	-5.9%	5,1 M €
Cash	89,5 k €	+16.9%	76,6 k €	-57.1%	178,6 k €	+680%	22,9 k €	-63.0%	61,8 k €	+5716%	1,1 k €	-98.6%	74,8 k €	+71.9%	43,5 k €	+3771%	1,1 k €	-90.7%	12,1 k €	+188%	4,2 k €	-94.1%	71,3 k €	-35.9%	111,2 k €	+27.3%	87,4 k €	-64.2%	244,2 k €	-22.2%	313,9 k €	+174%	114,4 k €	+49.1%	76,7 k €	-80.3%	388,7 k €	+15154%	2,5 k €
Debts	769,1 k €	-4.7%	807,2 k €	-19.2%	998,4 k €	+12.9%	884 k €	-10.6%	989,4 k €	+8.8%	909,7 k €	+7.2%	848,8 k €	-15.7%	1 M €	-9.8%	1,1 M €	+0.6%	1,1 M €	-1.7%	1,1 M €	+9.7%	1 M €	-12.1%	1,2 M €	-32.0%	1,7 M €	-55.4%	3,9 M €	-24.7%	5,1 M €	-1.9%	5,2 M €	+43.9%	3,6 M €	-7.4%	3,9 M €	-8.2%	4,3 M €
Other
Workforce	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	-50.0%	2,0 ETP	0.0%	2,0 ETP	-33.3%	3,0 ETP	0.0%	3,0 ETP	0.0%	3,0 ETP	+20.0%	2,5 ETP	-62.7%	6,7 ETP	-57.6%	15,8 ETP	+59.6%	9,9 ETP	+10.0%	9,0 ETP	+20.0%	7,5 ETP	-3.8%	7,8 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 9 ended

Active mandates

Aquila Holdings

Director · since 03 juin 2021 · until 04 juin 2027 · 0767.510.718

Represented by Christophe Vanhamme

Active

Tefa

Director · since 03 juin 2021 · until 04 juin 2027 · 0767.509.134

Represented by Thierry Vanhamme

Active

Ended mandates

Aquila Holdings

Director · since 04 juin 2021 · until 04 juin 2027 · 0767.510.718

Represented by Christophe Vanhamme

Ended

Tefa

Director · since 04 juin 2021 · until 04 juin 2027 · 0767.509.134

Represented by Thierry Vanhamme

Ended

Christophe Vanhamme

Director · until 04 juin 2021

Ended

Christophe Vanhamme

Director

Ended

At this address

Other companies at this address

Company	CBE no.
EXP MOVING BELGIUM● Active	0645.876.577
EXP TRANSPORT RAPIDOLIFT● Active	0441.288.830
konos● Active	0400.636.724
KONOS AIR● Active	0893.748.496

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged 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	10/06/2026	11/08/2025	21/08/2024	17/07/2023	10/08/2022	05/07/2021
General meeting	05/06/2026	06/06/2025	07/06/2024	02/06/2023	03/06/2022	04/06/2021
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	10/06/2026	Dutch	PDF
Abridged model	31/12/2024	06/06/2025	11/08/2025	Dutch	PDF
Abridged model	31/12/2023	07/06/2024	21/08/2024	Dutch	PDF
Abridged model	31/12/2022	02/06/2023	17/07/2023	Dutch	PDF
Abridged model	31/12/2021	03/06/2022	10/08/2022	Dutch	PDF
Abridged model	31/12/2020	04/06/2021	05/07/2021	Dutch	PDF
Abridged model	31/12/2019	05/06/2020	28/08/2020	Dutch	PDF
Abridged model	31/12/2018	07/06/2019	23/07/2019	Dutch	PDF
Abridged model	31/12/2017	01/06/2018	29/08/2018	Dutch	PDF
Abridged model	31/12/2016	02/06/2017	26/07/2017	Dutch	PDF
Abridged model	31/12/2015	03/06/2016	23/08/2016	Dutch	PDF
Abridged model	31/12/2014	05/06/2015	01/07/2015	Dutch	PDF
Abridged model	31/12/2013	06/06/2014	15/07/2014	Dutch	PDF
Abridged model	31/12/2012	07/06/2013	30/07/2013	Dutch	PDF
Abridged model	31/12/2011	01/06/2012	08/08/2012	Dutch	PDF
Abridged model	31/12/2010	03/06/2011	29/06/2011	Dutch	PDF
Abridged model	31/12/2009	04/06/2010	21/06/2010	Dutch	PDF
Abridged model	31/12/2008	05/06/2009	22/06/2009	Dutch	PDF
Abridged model	31/12/2007	06/06/2008	02/07/2008	Dutch	PDF
Abridged model	31/12/2006	01/06/2007	11/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 · 2 active · 9 ended

Active mandates

Aquila Holdings

Director · since 03 juin 2021 · until 04 juin 2027 · 0767.510.718

Represented by Christophe Vanhamme

Active

Tefa

Director · since 03 juin 2021 · until 04 juin 2027 · 0767.509.134

Represented by Thierry Vanhamme

Active

Ended mandates

Aquila Holdings

Director · since 04 juin 2021 · until 04 juin 2027 · 0767.510.718

Represented by Christophe Vanhamme

Ended

Tefa

Director · since 04 juin 2021 · until 04 juin 2027 · 0767.509.134

Represented by Thierry Vanhamme

Ended

Christophe Vanhamme

Director · until 04 juin 2021

Ended

Christophe Vanhamme

Director

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Other24/02/2025
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ALGEMENE VERGADERING
PDF
Mandates05/08/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates23/10/2018
ONTSLAGEN - BENOEMINGEN
PDF
Mandates11/01/2013
ONTSLAGEN - BENOEMINGEN
PDF
Mandates02/05/2012
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares03/08/2011
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates23/02/2007
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
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 2025181,3 k €↓
2024
Annual accounts 2024187,1 k €↓
2023
Annual accounts 2023321,2 k €↑
2022
Annual accounts 2022179,1 k €↑
2021
Annual accounts 2021-49,8 k €↓
2020
Annual accounts 202077,7 k €↓
2019
Annual accounts 2019201 k €↑
2018
Annual accounts 2018113,6 k €↑
2017
Annual accounts 2017-17,1 k €↑
2016
Annual accounts 2016-25,5 k €↑
2015
Annual accounts 2015-49,8 k €↓
2014
Annual accounts 201491,7 k €↓
2013
Annual accounts 2013221,6 k €↑
2012
Annual accounts 2012164,2 k €↑
2011
Annual accounts 2011-50,6 k €↓
2010
Annual accounts 201020,7 k €↓
2009
Annual accounts 200928,5 k €↑
2008
Annual accounts 20083,1 k €↓
2007
Annual accounts 200728,2 k €↑
2006
Annual accounts 200626,4 k €
30/12/1976
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

DARCO

Overview

What does DARCO 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