ACTIVE

INTERTRADING

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Financial year 2025 · closed on 31/12/2025

Net result

1,1 M €

-22.0% YoY

Revenue

21,1 M €

-0.7% YoY

Equity

4,5 M €

+7.3% YoY

Workforce

23,7 ETP

+0.9% YoY

What does INTERTRADING do?

INTERTRADING is a Public limited company incorporated in 1983. Its registered office is in Oudsbergen. It employs on average 23,7 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0423.983.139

Incorporation

11/05/1983

Legal form

Public limited company

Registered office

Nijverheidslaan 1556
3660 Oudsbergen · FlandreSee on map

Contributed capital

319 323,22 €

Latest accounts

31/12/2025

Average workforce

23,7 ETP

Joint committees (5)

126
1260
14904
200
218

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Revenue	21,1 M €	-0.7%	21,3 M €	+1.4%	21 M €	-9.7%	23,2 M €	+11.2%	20,9 M €	-4.1%	21,8 M €	-0.4%	21,9 M €	-4.6%	22,9 M €	+6.0%	21,6 M €	-4.6%	22,7 M €	+2.7%	22,1 M €	-3.3%	22,8 M €	+5.7%	21,6 M €	+5.8%	20,4 M €	-2.6%	21 M €	+4.9%	20 M €	-34.1%	30,3 M €	+56.8%	19,3 M €	-1.3%	19,6 M €
EBITDA	3,2 M €	-7.7%	3,5 M €	-9.8%	3,9 M €	+64.3%	2,3 M €	+97.7%	1,2 M €	-52.1%	2,5 M €	+20.6%	2,1 M €	-11.1%	2,3 M €	+6.5%	2,2 M €	+5.4%	2,1 M €	+49.0%	1,4 M €	+4.4%	1,3 M €	-20.8%	1,7 M €	+158%	648 k €	-57.6%	1,5 M €	+110%	727,7 k €	-60.1%	1,8 M €	+98.3%	919,3 k €	-27.0%	1,3 M €
Operating result	3 M €	-9.0%	3,3 M €	-12.2%	3,7 M €	+61.8%	2,3 M €	+101%	1,1 M €	-52.9%	2,4 M €	+20.8%	2 M €	-11.0%	2,3 M €	+6.5%	2,1 M €	+5.8%	2 M €	+49.6%	1,3 M €	+4.0%	1,3 M €	-20.9%	1,6 M €	+189%	566,1 k €	-60.2%	1,4 M €	+133%	610,8 k €	-64.8%	1,7 M €	+101%	862,3 k €	-25.7%	1,2 M €
Net result	1,1 M €	-22.0%	1,4 M €	-13.0%	1,6 M €	+195%	528,4 k €	+235%	-391,5 k €	-173%	533,8 k €	+112%	252 k €	-7.0%	271 k €	-8.3%	295,5 k €	-0.2%	295,9 k €	+237%	87,7 k €	-27.7%	121,2 k €	-65.0%	346 k €	+2582%	12,9 k €	-98.0%	651,4 k €	+229%	-503,5 k €	+72.8%	-1,9 M €	-399%	619,5 k €	-8.6%	677,5 k €
Balance sheet
Equity	4,5 M €	+7.3%	4,2 M €	+16.9%	3,6 M €	+29.0%	2,8 M €	+23.5%	2,3 M €	-14.8%	2,6 M €	+25.3%	2,1 M €	+13.6%	1,9 M €	+17.1%	1,6 M €	+22.9%	1,3 M €	+29.8%	993,6 k €	+9.7%	905,9 k €	+15.5%	784,7 k €	+78.9%	438,7 k €	-26.9%	600 k €	+1268%	-51,4 k €	-111%	452,1 k €	-80.4%	2,3 M €	-20.1%	2,9 M €
Total assets	7,5 M €	-5.8%	8 M €	+20.5%	6,6 M €	-21.5%	8,4 M €	-11.2%	9,5 M €	+1.4%	9,4 M €	+20.4%	7,8 M €	-4.1%	8,1 M €	-4.2%	8,5 M €	-0.2%	8,5 M €	+37.9%	6,2 M €	-11.9%	7 M €	-10.8%	7,8 M €	+25.5%	6,3 M €	-6.3%	6,7 M €	+19.4%	5,6 M €	-30.9%	8,1 M €	+45.2%	5,6 M €	+24.7%	4,5 M €
Cash	670,2 k €	+90.5%	351,8 k €	+51.2%	232,7 k €	+50.7%	154,4 k €	+179%	55,3 k €	-70.1%	185,1 k €	-26.6%	252,2 k €	+100%	125,9 k €	+72.2%	73,1 k €	-85.3%	496,1 k €	+8549%	5,7 k €	+273%	1,5 k €	-58.3%	3,7 k €	+790%	414 €	-98.0%	20,3 k €	+579%	3 k €	-99.4%	474 k €	+153%	187,4 k €	-16.8%	225,2 k €
Debts	3 M €	-18.8%	3,7 M €	+22.6%	3 M €	-46.3%	5,7 M €	-21.9%	7,3 M €	+7.8%	6,7 M €	+18.6%	5,7 M €	-9.3%	6,3 M €	-9.1%	6,9 M €	-4.3%	7,2 M €	+39.5%	5,2 M €	-15.2%	6,1 M €	-13.7%	7 M €	+21.5%	5,8 M €	-4.2%	6,1 M €	+7.5%	5,6 M €	-26.0%	7,6 M €	+134%	3,2 M €	+107%	1,6 M €
Other
Workforce	23,7 ETP	+0.9%	23,5 ETP	+1.3%	23,2 ETP	-2.5%	23,8 ETP	-13.1%	27,4 ETP	-7.1%	29,5 ETP	+2.1%	28,9 ETP	-3.7%	30,0 ETP	-5.4%	31,7 ETP	+3.9%	30,5 ETP	+4.1%	29,3 ETP	+1.0%	29,0 ETP	+1.4%	28,6 ETP	+11.3%	25,7 ETP	+2.8%	25,0 ETP	-14.1%	29,1 ETP	+11.5%	26,1 ETP	+2.4%	25,5 ETP	+8.5%	23,5 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 25 M€ and 50 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 37 ended

Active mandates

DKO Invest

Director · since 15 juin 2023 · until 21 juin 2029 · 0677.842.631

Represented by Dieter Kosten

Active

LUNO PROJECTS

Director · since 15 juin 2023 · until 21 juin 2029 · 0846.398.838

Represented by Johan Buntinx

Active

RETIRO

Director · since 15 juin 2023 · until 21 juin 2029 · 0702.779.054

Represented by Oliver Guttmann

Active

Ended mandates

RETIRO

Managing director · since 15 juin 2023 · until 21 juin 2029 · 0702.779.054

Represented by Oliver Guttmann

Ended

RETIRO

Director · since 01 septembre 2018 · until 01 septembre 2024 · 0702.779.054

Represented by Oliver Guttmann

Ended

RETIRO

Managing director · since 01 septembre 2018 · until 01 septembre 2024 · 0702.779.054

Represented by Dieter Kosten

Ended

RETIRO

Managing director · since 01 septembre 2018 · until 01 septembre 2024 · 0702.779.054

Represented by Oliver Guttmann

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full 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	30/06/2026	26/06/2025	26/06/2024	20/06/2023	23/06/2022	22/06/2021
General meeting	18/06/2026	19/06/2025	20/06/2024	15/06/2023	16/06/2022	17/06/2021
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
Full model	31/12/2025	18/06/2026	30/06/2026	Dutch	PDF
Full model	31/12/2024	19/06/2025	26/06/2025	Dutch	PDF
Full model	31/12/2023	20/06/2024	26/06/2024	Dutch	PDF
Full model	31/12/2022	15/06/2023	20/06/2023	Dutch	PDF
Full model	31/12/2021	16/06/2022	23/06/2022	Dutch	PDF
Full model	31/12/2020	17/06/2021	22/06/2021	Dutch	PDF
Full model	31/12/2019	18/06/2020	10/07/2020	Dutch	PDF
Full model	31/12/2018	20/06/2019	03/07/2019	Dutch	PDF
Full model	31/12/2017	21/06/2018	02/07/2018	Dutch	PDF
Full model	31/12/2016	30/06/2017	04/07/2017	Dutch	PDF
Full model	31/12/2015	16/06/2016	13/07/2016	Dutch	PDF
Full model	31/12/2014	07/05/2015	24/08/2015	Dutch	PDF
Full model	31/12/2013	29/04/2014	27/06/2014	Dutch	PDF
Full model	31/12/2012	25/04/2013	18/07/2013	Dutch	PDF
Full model	31/12/2011	26/04/2012	29/06/2012	Dutch	PDF
Full model	31/12/2010	26/04/2011	13/05/2011	Dutch	PDF
Full model	31/12/2009	18/11/2010	16/12/2010	Dutch	PDF
Full model	30/06/2008	04/12/2008	18/12/2008	Dutch	PDF
Full model	30/06/2007	06/12/2007	07/01/2008	Dutch	PDF
Full model	30/06/2006	07/12/2006	08/01/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 25 M€ and 50 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 · 3 active · 37 ended

Active mandates

DKO Invest

Director · since 15 juin 2023 · until 21 juin 2029 · 0677.842.631

Represented by Dieter Kosten

Active

LUNO PROJECTS

Director · since 15 juin 2023 · until 21 juin 2029 · 0846.398.838

Represented by Johan Buntinx

Active

RETIRO

Director · since 15 juin 2023 · until 21 juin 2029 · 0702.779.054

Represented by Oliver Guttmann

Active

Ended mandates

RETIRO

Managing director · since 15 juin 2023 · until 21 juin 2029 · 0702.779.054

Represented by Oliver Guttmann

Ended

RETIRO

Director · since 01 septembre 2018 · until 01 septembre 2024 · 0702.779.054

Represented by Oliver Guttmann

Ended

RETIRO

Managing director · since 01 septembre 2018 · until 01 septembre 2024 · 0702.779.054

Represented by Dieter Kosten

Ended

RETIRO

Managing director · since 01 septembre 2018 · until 01 septembre 2024 · 0702.779.054

Represented by Oliver Guttmann

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates02/09/2025
ONTSLAGEN - BENOEMINGEN
PDF
Other06/06/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates02/08/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates01/07/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates22/06/2020
ONTSLAGEN - BENOEMINGEN
PDF
Registered office20/11/2019
MAATSCHAPPELIJKE ZETEL
PDF
Mandates05/07/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates05/10/2018
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 20251,1 M €↓
2024
Annual accounts 20241,4 M €↓
2023
Annual accounts 20231,6 M €↑
2022
Annual accounts 2022528,4 k €↑
2021
Annual accounts 2021-391,5 k €↓
2020
Annual accounts 2020533,8 k €↑
2019
Annual accounts 2019252 k €↓
2018
Annual accounts 2018271 k €↓
2017
Annual accounts 2017295,5 k €↓
2016
Annual accounts 2016295,9 k €↑
2015
Annual accounts 201587,7 k €↓
2014
Annual accounts 2014121,2 k €↓
2013
Annual accounts 2013346 k €↑
2012
Annual accounts 201212,9 k €↓
2011
Annual accounts 2011651,4 k €↑
2010
Annual accounts 2010-503,5 k €↑
2009
Annual accounts 2009-1,9 M €↓
2009
Name changeIntertrading
2008
Annual accounts 2008619,5 k €↓
2007
Annual accounts 2007677,5 k €
2007
Name changeINTER TRADING
11/05/1983
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

INTERTRADING

Overview

What does INTERTRADING do?

Trend over 19 financial years

Indicative valuation

Board of directors

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