ACTIVE

FLANDERS INVESTMENT COMPANY

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Financial year 2023 · Closed on 31/12/2023

Net result2,8 M €+13,9 %over 1 year
Revenue13,6 M €-18,1 %over 1 year
Equity110,8 M €+2,6 %over 1 year
Workforce15,6 ETP-40,2 %over 1 year

Identity

Source · BCE/KBO

FLANDERS INVESTMENT COMPANY is a Public limited company incorporated in 1986. Its registered office is in Haaltert. It employs on average 15,6 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0428.718.521
Incorporation
20/03/1986
Legal form
Public limited company
Registered office
Wijngaardstraat(KE) 34
9451 Haaltert · FlandreSee on map
Contributed capital
52 729 784,27 €
Latest accounts
31/12/2023
Average workforce
15,6 ETP
Joint committees (6)
  • 124
  • 1240
  • 200
  • 218
  • 323
  • 3230
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 19 filings

Trend over 17 financial years

20232022202120202019
Income statement
Revenue13,6 M €16,6 M €22,7 M €8,8 M €8,3 M €
EBITDA7,6 M €6,2 M €19 M €3,1 M €3,2 M €
Operating result4,1 M €3 M €20,5 M €-11,1 M €-2,2 M €
Net result2,8 M €2,4 M €13 M €-11,6 M €-2,6 M €
Balance sheet
Equity110,8 M €108 M €105,5 M €92,5 M €103,7 M €
Total assets172,7 M €181,4 M €193 M €223,9 M €215 M €
Cash2,7 M €39,3 M €40,5 M €1,2 M €2 M €
Debts55,6 M €67,1 M €81,6 M €128,1 M €107,8 M €
Other
Workforce15,6 ETP26,1 ETP29,3 ETP30,8 ETP33,2 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 50 M€ and 100 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2023

3 active · 27 ended

Active mandates

Mieke Michiels

Director · since 17 juin 2022 · until 26 mai 2028

Active
ENISOR

Director · since 28 mai 2021 · until 28 mai 2027 · 0455.918.905

Represented by Johan De Clercq

Active
HANS CARPELS

Director · since 28 mai 2020 · until 28 mai 2026 · 0872.938.929

Represented by Joannes Carpels

Active

Ended mandates

Bart Meynendonckx

Chairman of the board of directors · since 28 mai 2020 · until 28 mai 2021 · 0894.839.648

Represented by Bart Meynendonckx

Ended
Bart Meynendonckx

Chairman of the board of directors · since 28 mai 2020 · until 28 mai 2026 · 0894.839.648

Represented by Bart Meynendonckx

Ended
Bart Meynendonckx

Director · since 28 mai 2020 · until 28 mai 2026 · 0894.839.648

Represented by Bart Meynendonckx

Ended
HANS CARPELS

Director · since 28 mai 2020 · until 28 mai 2026 · 0872.938.929

Represented by Hans Carpels

Ended

Other companies at this address

Wijngaardstraat(KE) 34 9451 Haaltert
CompanyCBE no.
FICO Energy● Active
1006.260.182
Groep FICO● Active
1035.357.214
Halfoogstfeesten● Active
0439.861.742
HOF SOMERGEM● Active
0418.564.502
MEIR 6163● Active
0830.524.391
SIKB IMMO● Active
0836.473.758
Société de l'Abbaye● Active
0424.538.811

Full financial information

Source · NBB
202320222021202020192018
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/01/202301/01/202201/01/202101/01/202001/01/201901/01/2018
Closing of the financial year31/12/202331/12/202231/12/202131/12/202031/12/201931/12/2018
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date02/07/202409/06/202303/08/202211/06/202101/07/202031/07/2019
General meeting20/06/202431/05/202317/06/202228/05/202129/06/202028/06/2019
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, 19 filings
ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202320/06/202402/07/2024DutchPDF
Full model31/12/202231/05/202309/06/2023DutchPDF
Full model31/12/202117/06/202203/08/2022DutchPDF
Full model31/12/202028/05/202111/06/2021DutchPDF
Full model31/12/201929/06/202001/07/2020DutchPDF
Full model31/12/201828/06/201931/07/2019DutchPDF
Full model31/12/201725/05/201801/08/2018DutchPDF
Full model31/12/201626/05/201704/07/2017DutchPDF
Full model31/12/201522/08/201623/08/2016DutchPDF
Full model31/12/201430/06/201515/07/2015DutchPDF
Full model31/12/201330/06/201404/08/2014DutchPDF
Full model31/12/201212/08/201330/08/2013DutchPDF
Full model31/12/201126/06/201208/08/2012DutchPDF
Full modelCorrection31/12/201027/05/201122/08/2011DutchPDF
Full model31/12/201027/05/201111/07/2011DutchPDF
Full model31/12/200928/05/201029/06/2010DutchPDF
Abridged model31/12/200829/05/200929/06/2009DutchPDF
Abridged model31/12/200730/05/200802/07/2008DutchPDF
Abridged model31/12/200625/05/200721/06/2007DutchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 50 M€ and 100 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 31/12/2023

3 active · 27 ended

Active mandates

Mieke Michiels

Director · since 17 juin 2022 · until 26 mai 2028

Active
ENISOR

Director · since 28 mai 2021 · until 28 mai 2027 · 0455.918.905

Represented by Johan De Clercq

Active
HANS CARPELS

Director · since 28 mai 2020 · until 28 mai 2026 · 0872.938.929

Represented by Joannes Carpels

Active

Ended mandates

Bart Meynendonckx

Chairman of the board of directors · since 28 mai 2020 · until 28 mai 2021 · 0894.839.648

Represented by Bart Meynendonckx

Ended
Bart Meynendonckx

Chairman of the board of directors · since 28 mai 2020 · until 28 mai 2026 · 0894.839.648

Represented by Bart Meynendonckx

Ended
Bart Meynendonckx

Director · since 28 mai 2020 · until 28 mai 2026 · 0894.839.648

Represented by Bart Meynendonckx

Ended
HANS CARPELS

Director · since 28 mai 2020 · until 28 mai 2026 · 0872.938.929

Represented by Hans Carpels

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates04/09/2026
    ONTSLAGEN, BENOEMINGEN
    PDF
  • Mandates16/07/2026
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other30/12/2025
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Restructuring13/05/2025
    KAPITAAL - AANDELEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Restructuring24/03/2025
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Other19/12/2024
    ALGEMENE VERGADERING - BOEKJAAR
    PDF
  • Capital / shares11/04/2023
    KAPITAAL - AANDELEN
    PDF
  • Mandates22/07/2022
    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. 28/04/2025
    nominationMICHIELS Veerle — bestuurder
  2. 28/04/2025
    reduction_capital
  3. 28/04/2025
    apport
  4. 28/04/2025
    constitutionFLANDERS INVESTMENT COMPANY — founder
  5. 01/10/2024
    split
  6. 2023
    Annual accounts 20232,8 M €↑
  7. 2022
    Annual accounts 20222,4 M €↓
  8. 17/06/2022
    reconductionMieke Michiels — bestuurder
  9. 2021
    Annual accounts 202113 M €↑
  10. 2021
    Name changeFICO NV
  11. 2020
    Annual accounts 2020-11,6 M €↓
  12. 2019
    Annual accounts 2019-2,6 M €↓
  13. 2018
    Annual accounts 20188,4 M €↑
  14. 2016
    Annual accounts 2016-2,4 M €↓
  15. 2015
    Annual accounts 2015939 k €↓
  16. 2014
    Annual accounts 20141,9 M €↑
  17. 2013
    Annual accounts 20131,5 M €↑
  18. 2012
    Annual accounts 20121,3 M €↑
  19. 2011
    Annual accounts 20111,2 M €↑
  20. 2010
    Annual accounts 2010-1,1 M €↓
  21. 2009
    Annual accounts 20092,7 M €↓
  22. 2008
    Annual accounts 20083,3 M €↑
  23. 2007
    Annual accounts 2007671 k €↓
  24. 2006
    Annual accounts 2006867,8 k €
  25. 2006
    Name changeFlanders Investment Company
  26. 20/03/1986
    IncorporationPublic limited company