ACTIVE

INDAVER

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Financial year 2025 · Closed on 31/12/2025

Net result11,7 M €-44,7 %over 1 year
Revenue330,6 M €+4,7 %over 1 year
Equity372,8 M €+4,1 %over 1 year
Workforce579,7 ETP+3,4 %over 1 year

Identity

Source · BCE/KBO

INDAVER is a Public limited company incorporated in 1985. Its main activity is: Treatment and disposal of non-hazardous waste. Its registered office is in Beveren-Kruibeke-Zwijndrecht. It employs on average 579,7 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0427.973.304
Incorporation
24/10/1985
Legal form
Public limited company
Registered office
Ketenislaan(KAL) 1
9130 Beveren-Kruibeke-Zwijndrecht · FlandreSee on map
Contributed capital
316 494 704,31 €
Latest accounts
31/12/2025
Average workforce
579,7 ETP
Joint committees (5)
  • 100
  • 116
  • 14204
  • 200
  • 207
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHigh revenue

Financials

Source · NBB, 31 filings

Trend over 17 financial years

20252024202320222021
Income statement
Revenue330,6 M €315,8 M €292,1 M €248,4 M €209,9 M €
EBITDA66,7 M €75,8 M €31,5 M €26,9 M €34,3 M €
Operating result26 M €29,1 M €12,6 M €-1,2 M €11 M €
Net result11,7 M €21,1 M €16,7 M €919,7 k €10 M €
Balance sheet
Equity372,8 M €358,1 M €351 M €348,3 M €83,4 M €
Total assets751 M €723,3 M €687,7 M €733,9 M €537,3 M €
Cash1,2 M €902,5 k €796,5 k €118,6 k €3,2 M €
Debts182,7 M €179,1 M €181,2 M €226,9 M €301,3 M €
Other
Workforce579,7 ETP560,4 ETP521,8 ETP479,5 ETP467,4 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 500 M€ and 1.000 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 29 ended

Active mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Tsundoku Ventures0702.764.208Represented by Hilde Vangilbergen
Director02/12/2024 → 17/04/2030
Paul De Bruycker
Chairman of the board of directors01/09/2024 → 17/04/2030Director13/02/2020 → 2023 accountsended
Gavilán Consulting0636.863.792Represented by Karl Huts
Director01/07/2024 → 17/04/2030

Ended mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
PDB1009.136.728Represented by Paul De Bruycker
Chairman of the board of directors01/09/2024 → 2024 accounts
Karl Huts
Director13/07/2020 → 2023 accounts
Entra Mobile0726.739.737Represented by Dirk Michielsens
Director17/05/2019 → 2019 accounts

Other companies at this address

Ketenislaan(KAL) 1 9130 Beveren-Kruibeke-Zwijndrecht
CompanyCBE no.
GENERAL SERVICES ANTWERP● Active
0464.418.182
Green Power Compounding● Active
1043.394.554
Indaver Energy● Active
0838.860.354
Indaver Holding● Active
0740.624.296
Indaver Kosovo● Active
0804.328.552
Kallo Storage● Active
0445.030.654
KATOEN NATIE GRINDING & COMPOUNDING SERVICES● Active
0428.726.736
Katoen Natie Koersel● Active
0424.908.894
KATOEN NATIE TANK OPERATIONS● Active
0440.566.080
Logistics General Contracting and Engineering● Active
0404.779.317
NOORDKASTEEL● Active
0453.898.830
POLYMER PROCESSING● Active
0457.525.145
Van Ameyde Marine (Belgium)● Active
0400.532.301

Full financial information

Source · NBB
202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date11/05/202624/04/202530/04/202425/01/202420/02/202304/05/2021
General meeting15/04/202616/04/202517/04/202429/11/202320/04/202221/04/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 31 filings
ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202515/04/202611/05/2026DutchPDF
Full model31/12/202416/04/202524/04/2025DutchPDF
Full model31/12/202317/04/202430/04/2024DutchPDF
Full modelCorrection31/12/202229/11/202325/01/2024DutchPDF
Full model31/12/202219/04/202302/05/2023DutchPDF
Full modelCorrection31/12/202120/04/202220/02/2023DutchPDF
Full model31/12/202120/04/202212/05/2022DutchPDF
Full model31/12/202021/04/202104/05/2021DutchPDF
Full model31/12/201918/04/202005/05/2020DutchPDF
Full model31/12/201817/04/201906/05/2019DutchPDF
Full model31/12/201718/04/201804/06/2018DutchPDF
Full model31/12/201619/04/201707/06/2017DutchPDF
Full model31/12/201520/04/201608/06/2016DutchPDF
Full model31/12/201415/04/201521/05/2015DutchPDF
Consolidated accounts31/12/201415/04/201507/05/2015DutchPDF
Full model31/12/201316/04/201406/05/2014DutchPDF
Consolidated accounts31/12/201316/04/201423/04/2014DutchPDF
Full model31/12/201218/04/201324/05/2013DutchPDF
Consolidated accounts31/12/201217/04/201313/05/2013DutchPDF
Full model31/12/201118/04/201203/05/2012DutchPDF
Consolidated accounts31/12/201118/04/201203/05/2012DutchPDF
Full model31/12/201020/04/201105/05/2011DutchPDF
Consolidated accounts31/12/201020/04/201102/05/2011DutchPDF
Full model31/12/200921/04/201009/06/2010DutchPDF

View all 31 filings

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 M€ and 1.000 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.

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 29 ended

Active mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Tsundoku Ventures0702.764.208Represented by Hilde Vangilbergen
Director02/12/2024 → 17/04/2030
Paul De Bruycker
Chairman of the board of directors01/09/2024 → 17/04/2030Director13/02/2020 → 2023 accountsended
Gavilán Consulting0636.863.792Represented by Karl Huts
Director01/07/2024 → 17/04/2030

Ended mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
PDB1009.136.728Represented by Paul De Bruycker
Chairman of the board of directors01/09/2024 → 2024 accounts
Karl Huts
Director13/07/2020 → 2023 accounts
Entra Mobile0726.739.737Represented by Dirk Michielsens
Director17/05/2019 → 2019 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Other01/07/2026
    —
    PDF
  • Mandates06/03/2026
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares10/11/2025
    KAPITAAL - AANDELEN
    PDF
  • Mandates03/02/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates21/01/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates05/11/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates25/07/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates14/06/2024
    ONTSLAGEN - BENOEMINGEN
    PDF

Similar companies

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

See the Business plan

Timeline

Source · CBE, NBB annual accounts
Year
Identity
Incorporation
Name
Registered office
Annual accounts
Filings17 filings
Mandates
Tsundoku Ventures
Paul De Bruycker
Gavilán Consulting
PDB
Karl Huts
Entra Mobile
Katoen Natie
Fabian LEROY
Dirk MICHIELSENS
VLAAMSE MILIEUHOLDING NV
OVAL BVBA
P & E MANAGEMENT
1985198619871988198919901991199219931994199519961997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024202520262027202820292030
INDAVER
Ketenislaan(KAL) 1, 9130 Beveren-Kruibeke-Zwijndrecht
Director
Chairman of the board of directorsDirector
Director
Director
Director
Director
Director
Director
Director
Director
CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE
Registered addressPeriodSource
Ketenislaan(KAL) 1, 9130 Beveren-Kruibeke-ZwijndrechtCurrent
accounts 2021 → 2025
Accounts 2025 · 2026-00110332

Company names

Source · NBB annual accounts, CBE
NamePeriodSource
INDAVERCurrent
accounts 2021 → 2025
Accounts 2025 · 2026-00110332

Events

  1. 2025
    Annual accounts 202511,7 M €↓
  2. 28/10/2025
    augmentation_capital
  3. 2024
    Annual accounts 202421,1 M €↑
  4. 02/12/2024
    nominationTsundoku Ventures BV · bestuurder
  5. 01/09/2024
    nominationPDB BV · dagelijks bestuurder (CEO)
  6. 01/07/2024
    nominationGavilan Consulting bv · bestuurder
  7. 17/04/2024
    reconductionEY Bedrijfsrevisoren BV · commissaris
  8. 2023
    Annual accounts 202316,7 M €↑
  9. 2022
    Annual accounts 2022919,7 k €↓
  10. 31/08/2022
    augmentation_capital
  11. 01/01/2022
    split
  12. 2021
    Annual accounts 202110 M €↓
  13. 2019
    Annual accounts 201938,1 M €↑
  14. 2018
    Annual accounts 201813,5 M €↓
  15. 2017
    Annual accounts 201767,6 M €↑
  16. 2016
    Annual accounts 201629,3 M €↓
  17. 2015
    Annual accounts 2015106,4 M €↑
  18. 2014
    Annual accounts 20145,9 M €↓
  19. 2013
    Annual accounts 201318,5 M €↑
  20. 2012
    Annual accounts 201217,3 M €↓
  21. 2011
    Annual accounts 201119,6 M €↓
  22. 2010
    Annual accounts 201027,6 M €↑
  23. 2009
    Annual accounts 200912,1 M €↑
  24. 2008
    Annual accounts 20088,2 M €
  25. 24/10/1985
    IncorporationPublic limited company