ACTIVE

I.N.D.

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Financial year 2025 · closed on 31/12/2025

Net result

-98,8 k €

-77.1% YoY

Gross margin

176,6 k €

+8.9% YoY

Equity

1,7 M €

-5.6% YoY

Workforce

0,0 ETP

What does I.N.D. do?

I.N.D. is a Public limited company incorporated in 1988. Its registered office is in Tervuren.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0433.869.221

Incorporation

30/03/1988

Legal form

Public limited company

Registered office

Overijsesteenweg 87
3080 Tervuren · FlandreSee on map

Contributed capital

1 352 072,66 €

Latest accounts

31/12/2025

Average workforce

0,0 ETP

Signals

Solid equityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2024		2023		2022		2021		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	176,6 k €	+8.9%	162,2 k €	-22.9%	210,2 k €	-1.9%	214,4 k €	+21.8%	176 k €	+123%	78,9 k €	-70.1%	263,5 k €	-1.4%	267,2 k €	+153%	105,8 k €	-31.6%	154,6 k €	-18.7%	190,3 k €	-40.7%	320,8 k €	+53.8%	208,5 k €	+88.4%	110,7 k €	+21.8%	90,9 k €	+10.1%	82,5 k €	-15.3%	97,4 k €
EBITDA	127,1 k €	-2.5%	130,4 k €	-27.3%	179,4 k €	-4.7%	188,3 k €	+25.1%	150,5 k €	+164%	57 k €	-76.7%	244,7 k €	+45.7%	167,9 k €	+125%	74,5 k €	-38.0%	120,3 k €	-34.9%	184,7 k €	-39.6%	305,7 k €	+77.9%	171,9 k €	+72.2%	99,8 k €	+12.4%	88,8 k €	+23.2%	72,1 k €	-17.4%	87,3 k €
Operating result	-23,3 k €	-41.4%	-16,5 k €	-5.9%	-15,6 k €	-125%	63 k €	+156%	24,7 k €	+140%	-61,9 k €	-149%	125,7 k €	+369%	26,8 k €	+130%	-89,1 k €	-5886%	1,5 k €	+102%	-63,8 k €	-254%	41,3 k €	-60.1%	103,6 k €	+229%	31,5 k €	+73.4%	18,2 k €	-51.2%	37,2 k €	-29.0%	52,4 k €
Net result	-98,8 k €	-77.1%	-55,8 k €	+25.1%	-74,5 k €	-247%	50,8 k €	+299%	-25,5 k €	+42.7%	-44,5 k €	-127%	166,8 k €	+487%	-43,1 k €	-108%	542,5 k €	+2006%	-28,5 k €	+81.7%	-155,5 k €	-510%	-25,5 k €	-152%	48,7 k €	+297%	-24,8 k €	-61.4%	-15,3 k €	-547%	3,4 k €	-81.6%	18,6 k €
Balance sheet
Equity	1,7 M €	-5.6%	1,8 M €	-3.1%	1,8 M €	-3.9%	1,9 M €	+2.7%	1,9 M €	-2.9%	1,9 M €	-2.3%	2 M €	+9.4%	1,8 M €	-2.4%	1,8 M €	+42.2%	1,3 M €	-2.2%	1,3 M €	-10.6%	1,5 M €	-1.7%	1,5 M €	+2.9%	1,5 M €	+515%	235,9 k €	-6.1%	251,3 k €	+1.4%	247,8 k €
Total assets	4,1 M €	-1.7%	4,1 M €	-2.9%	4,2 M €	-0.2%	4,3 M €	+5.1%	4,1 M €	+6.6%	3,8 M €	-6.6%	4,1 M €	+2.7%	4 M €	-8.7%	4,3 M €	+7.8%	4 M €	-4.5%	4,2 M €	-6.8%	4,5 M €	+86.8%	2,4 M €	-0.2%	2,4 M €	+98.5%	1,2 M €	+57.4%	776,9 k €	-0.9%	784,3 k €
Cash	78,5 k €	+325%	18,5 k €	-12.5%	21,1 k €	-93.6%	330,6 k €	+620%	45,9 k €	+44.1%	31,9 k €	-85.3%	217,5 k €	+882%	22,2 k €	+420%	4,3 k €	-69.6%	14 k €	-44.7%	25,3 k €	+113%	11,9 k €	-8.4%	13 k €	-4.1%	13,5 k €	+33.4%	10,1 k €	+9.0%	9,3 k €	+4.2%	8,9 k €
Debts	2,1 M €	-2.4%	2,2 M €	-2.0%	2,2 M €	+0.6%	2,2 M €	+7.6%	2,1 M €	+23.8%	1,7 M €	-10.5%	1,9 M €	-0.6%	1,9 M €	-17.4%	2,3 M €	-16.9%	2,7 M €	-3.5%	2,8 M €	-4.7%	3 M €	+232%	898,5 k €	-4.5%	940,7 k €	-2.7%	966,9 k €	+96.6%	491,9 k €	-2.5%	504,7 k €
Other
Workforce	0,0 ETP		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 17 ended

Active mandates

MIRAX

Director · since 13 mai 2023 · until 12 mai 2029 · 0872.550.929

Represented by Rousseaux XAVIER

Active

Mireille Nelis

Director · since 13 mai 2023 · until 12 mai 2029

Active

Ended mandates

MIRAX

Director · since 13 mai 2023 · until 12 mai 2029 · 0872.550.929

Represented by Rousseaux Xavier

Ended

MIRAX

Director · since 13 mai 2017 · until 13 mai 2023 · 0872.550.929

Represented by Rousseaux Xavier

Ended

MIRAX

Director · since 13 mai 2017 · until 13 mai 2023 · 0872.550.929

Represented by Mireille Nelis

Ended

Mireille NELIS

Managing director · since 13 mai 2017 · until 13 mai 2023

Ended

At this address

Other companies at this address

Company	CBE no.
MIRAX● Active	0872.550.929

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	17/07/2026	20/06/2025	10/07/2024	17/05/2023	07/07/2022	30/08/2021
General meeting	30/06/2026	10/05/2025	11/05/2024	13/05/2023	14/05/2022	08/05/2021
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	30/06/2026	17/07/2026	Dutch	PDF
Abridged model	31/12/2024	10/05/2025	20/06/2025	Dutch	PDF
Abridged model	31/12/2023	11/05/2024	10/07/2024	Dutch	PDF
Abridged model	31/12/2022	13/05/2023	17/05/2023	Dutch	PDF
Abridged model	31/12/2021	14/05/2022	07/07/2022	Dutch	PDF
Abridged model	31/12/2020	08/05/2021	30/08/2021	Dutch	PDF
Abridged model	31/12/2019	04/09/2020	30/10/2020	Dutch	PDF
Abridged model	31/12/2018	11/05/2019	26/08/2019	Dutch	PDF
Abridged model	31/12/2017	12/05/2018	30/08/2018	Dutch	PDF
Abridged model	31/12/2016	13/05/2017	18/07/2017	Dutch	PDF
Abridged model	31/12/2015	14/05/2016	22/08/2016	Dutch	PDF
Abridged model	31/12/2014	09/05/2015	27/08/2015	Dutch	PDF
Abridged model	31/12/2013	10/05/2014	25/07/2014	Dutch	PDF
Abridged model	31/12/2012	11/05/2013	29/08/2013	Dutch	PDF
Abridged model	31/12/2011	12/05/2012	26/06/2012	Dutch	PDF
Abridged model	31/12/2010	14/05/2011	29/08/2011	Dutch	PDF
Abridged model	31/12/2009	08/05/2010	27/08/2010	Dutch	PDF
Abridged model	31/12/2008	09/05/2009	28/08/2009	Dutch	PDF
Abridged model	31/12/2007	10/05/2008	29/08/2008	Dutch	PDF
Abridged model	31/12/2006	12/05/2007	31/08/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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 · 17 ended

Active mandates

MIRAX

Director · since 13 mai 2023 · until 12 mai 2029 · 0872.550.929

Represented by Rousseaux XAVIER

Active

Mireille Nelis

Director · since 13 mai 2023 · until 12 mai 2029

Active

Ended mandates

MIRAX

Director · since 13 mai 2023 · until 12 mai 2029 · 0872.550.929

Represented by Rousseaux Xavier

Ended

MIRAX

Director · since 13 mai 2017 · until 13 mai 2023 · 0872.550.929

Represented by Rousseaux Xavier

Ended

MIRAX

Director · since 13 mai 2017 · until 13 mai 2023 · 0872.550.929

Represented by Mireille Nelis

Ended

Mireille NELIS

Managing director · since 13 mai 2017 · until 13 mai 2023

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates11/06/2024
ONTSLAGEN - BENOEMINGEN
PDF
Other26/11/2020
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates23/08/2017
ONTSLAGEN - BENOEMINGEN
PDF
Registered office11/09/2013
MAATSCHAPPELIJKE ZETEL
PDF
Mandates30/08/2012
ONTSLAGEN - BENOEMINGEN
PDF
Mandates19/03/2012
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares28/01/2010
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates03/10/2005
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 2025-98,8 k €↓
2024
Annual accounts 2024-55,8 k €↑
2023
Annual accounts 2023-74,5 k €↓
2022
Annual accounts 202250,8 k €↑
2021
Annual accounts 2021-25,5 k €↑
2018
Annual accounts 2018-44,5 k €↓
2017
Annual accounts 2017166,8 k €↑
2016
Annual accounts 2016-43,1 k €↓
2015
Annual accounts 2015542,5 k €↑
2014
Annual accounts 2014-28,5 k €↑
2013
Annual accounts 2013-155,5 k €↓
2012
Annual accounts 2012-25,5 k €↓
2011
Annual accounts 201148,7 k €↑
2010
Annual accounts 2010-24,8 k €↓
2009
Annual accounts 2009-15,3 k €↓
2008
Annual accounts 20083,4 k €↓
2007
Annual accounts 200718,6 k €
30/03/1988
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

I.N.D.

Overview

What does I.N.D. do?

Trend over 17 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