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 · 92 ended

Active mandates

Tsundoku Ventures

Director · since 02 décembre 2024 · until 17 avril 2030 · 0702.764.208

Represented by Hilde Vangilbergen

Active
Paul De Bruycker

Chairman of the board of directors · since 01 septembre 2024 · until 17 avril 2030

Active
Gavilán Consulting

Director · since 01 juillet 2024 · until 17 avril 2030 · 0636.863.792

Represented by Karl Huts

Active

Ended mandates

PDB

Chairman of the board of directors · since 01 septembre 2024 · until 17 avril 2030 · 1009.136.728

Represented by Paul De Bruycker

Ended
Karl Huts

Director · since 13 juillet 2020 · until 15 avril 2026

Ended
Karl Huts

Director · since 13 juillet 2020 · until 13 juillet 2027

Ended
Paul De Bruycker

Director · since 13 février 2020 · until 15 avril 2026

Ended

Other companies at this address

Ketenislaan(KAL) 1 9130 Beveren-Kruibeke-Zwijndrecht
CompanyCBE no.
GENERAL SERVICES ANTWERP● Active
0464.418.182
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
Consolidated accounts31/12/200921/04/201018/05/2010DutchPDF
Full model31/12/200815/04/200930/04/2009DutchPDF
Consolidated accounts31/12/200815/04/200907/05/2009DutchPDF
Full model31/12/200716/04/200816/05/2008DutchPDF
Consolidated accounts31/12/200716/04/200816/05/2008DutchPDF
Full model31/12/200618/04/200709/05/2007DutchPDF
Consolidated accounts31/12/200618/04/200709/05/2007DutchPDF

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 · 92 ended

Active mandates

Tsundoku Ventures

Director · since 02 décembre 2024 · until 17 avril 2030 · 0702.764.208

Represented by Hilde Vangilbergen

Active
Paul De Bruycker

Chairman of the board of directors · since 01 septembre 2024 · until 17 avril 2030

Active
Gavilán Consulting

Director · since 01 juillet 2024 · until 17 avril 2030 · 0636.863.792

Represented by Karl Huts

Active

Ended mandates

PDB

Chairman of the board of directors · since 01 septembre 2024 · until 17 avril 2030 · 1009.136.728

Represented by Paul De Bruycker

Ended
Karl Huts

Director · since 13 juillet 2020 · until 15 avril 2026

Ended
Karl Huts

Director · since 13 juillet 2020 · until 13 juillet 2027

Ended
Paul De Bruycker

Director · since 13 février 2020 · until 15 avril 2026

Ended

Ownership and network

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Try for free

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

  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