ACTIVE

INDEED

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Financial year 2025 · closed on 30/06/2025

Net result

84,2 k €

+1.3% YoY

Gross margin

135,4 k €

+1.1% YoY

Equity

433,3 k €

+17.4% YoY

What does INDEED do?

INDEED is a Private limited company incorporated in 1988. Its main activity is: Accounting, bookkeeping and auditing activities; tax consultancy. Its registered office is in Lasne.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0434.766.173

Incorporation

06/07/1988

Legal form

Private limited company

Registered office

Avenue du Fond des Carpes 14
1380 Lasne · WallonieSee on map

Contributed capital

23 710,00 €

Latest accounts

30/06/2025

Activities (NACE)

69201Accounting, bookkeeping and auditing activities; tax consultancy· main 69201Accounting, bookkeeping and auditing activities; tax consultancy 69202Accounting, bookkeeping and auditing activities; tax consultancy

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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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
Gross margin	135,4 k €	+1.1%	133,9 k €	+13.3%	118,2 k €	+7.8%	109,6 k €	+22.5%	89,5 k €	+7.0%	83,7 k €	+34.5%	62,2 k €	-19.2%	77 k €	+28.4%	60 k €	+12.9%	53,1 k €	-17.3%	64,2 k €	-4.5%	67,2 k €	+9.8%	61,2 k €	-17.9%	74,6 k €	-1.7%	75,9 k €	+3.1%	73,6 k €	-28.9%	103,4 k €	+29.7%	79,7 k €	+45.3%	54,9 k €
EBITDA	130,8 k €	+0.2%	130,5 k €	+14.7%	113,8 k €	+6.3%	107 k €	+21.5%	88,1 k €	+7.3%	82,1 k €	+36.7%	60 k €	-20.2%	75,2 k €	+32.3%	56,9 k €	+14.8%	49,5 k €	-18.0%	60,4 k €	+2.1%	59,2 k €	+3.5%	57,2 k €	-5.1%	60,3 k €	-16.1%	71,9 k €	+4.6%	68,7 k €	-30.8%	99,3 k €	+66.9%	59,5 k €	+13.3%	52,5 k €
Operating result	120,4 k €	+0.4%	119,9 k €	+11.8%	107,2 k €	+8.5%	98,9 k €	+25.6%	78,7 k €	+9.5%	71,9 k €	+49.8%	48 k €	-18.5%	58,9 k €	+43.1%	41,2 k €	+42.7%	28,8 k €	-17.9%	35,1 k €	+6.6%	33 k €	+3.9%	31,7 k €	-4.7%	33,3 k €	-25.3%	44,5 k €	+2.7%	43,4 k €	-32.6%	64,3 k €	+128%	28,2 k €	-7.5%	30,4 k €
Net result	84,2 k €	+1.3%	83,1 k €	+12.9%	73,6 k €	+8.4%	67,9 k €	+41.5%	48 k €	+10.7%	43,3 k €	+98.0%	21,9 k €	-43.7%	38,9 k €	+59.4%	24,4 k €	+63.2%	14,9 k €	+18.9%	12,6 k €	-34.5%	19,2 k €	-0.2%	19,2 k €	+9.8%	17,5 k €	-48.1%	33,7 k €	+54.1%	21,9 k €	-27.1%	30 k €	+71.2%	17,5 k €	-4.4%	18,3 k €
Balance sheet
Equity	433,3 k €	+17.4%	369,1 k €	+13.9%	324 k €	+19.8%	270,5 k €	+24.9%	216,6 k €	+0.4%	215,6 k €	+25.2%	172,3 k €	+14.6%	150,4 k €	-54.1%	327,5 k €	+8.0%	303,1 k €	+5.2%	288,2 k €	+4.6%	275,6 k €	-1.7%	280,4 k €	+7.4%	261,2 k €	+7.2%	243,7 k €	+16.1%	209,9 k €	+11.6%	188 k €	+19.0%	158 k €	+12.5%	140,5 k €
Total assets	535,8 k €	+5.1%	509,7 k €	+6.8%	477,4 k €	+15.5%	413,4 k €	-3.3%	427,5 k €	-40.0%	712,1 k €	+79.4%	397 k €	+3.9%	382 k €	-17.4%	462,5 k €	+9.5%	422,5 k €	-1.6%	429,3 k €	-9.1%	472,1 k €	-0.0%	472,3 k €	-4.5%	494,4 k €	+0.8%	490,3 k €	+18.8%	412,7 k €	-3.0%	425,6 k €	+9.3%	389,2 k €	+35.3%	287,8 k €
Cash	25,2 k €	-11.7%	28,5 k €	+47.4%	19,3 k €	+170%	7,2 k €	-66.9%	21,6 k €	-92.7%	294,3 k €	+17560%	1,7 k €	-81.8%	9,2 k €	-83.7%	56,1 k €	-2.2%	57,4 k €	+38.1%	41,5 k €	+29.6%	32,1 k €		–		7,7 k €		–		26,7 k €		–		–		186,1 €
Debts	101,1 k €	-27.0%	138,5 k €	-7.0%	149 k €	+5.9%	140,7 k €	-33.3%	210,9 k €	-57.4%	495,7 k €	+122%	223,4 k €	-2.9%	230,1 k €	+70.5%	135 k €	+14.1%	118,2 k €	-16.2%	141,1 k €	-28.2%	196,5 k €	+2.4%	191,9 k €	-17.7%	233,2 k €	-5.4%	246,6 k €	+21.6%	202,8 k €	-14.6%	237,6 k €	+2.7%	231,2 k €	+57.0%	147,3 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		–		–		–		0,2 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 30/06/2025 · 1 active · 1 ended

Active mandates

MIGUEL GEERINCKX

Manager · since 01 août 1988

Active

Ended mandates

MIGUEL GEERINCKX

Manager

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/07/2024	01/07/2023	01/07/2022	01/07/2021	01/07/2020	01/07/2019
Closing of the financial year	30/06/2025	30/06/2024	30/06/2023	30/06/2022	30/06/2021	30/06/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	12/01/2026	11/02/2025	05/02/2024	24/02/2023	25/02/2022	25/02/2021
General meeting	19/12/2025	20/12/2024	15/12/2023	16/12/2022	17/12/2021	18/12/2020
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
Micro model	30/06/2025	19/12/2025	12/01/2026	French	PDF
Micro model	30/06/2024	20/12/2024	11/02/2025	French	PDF
Micro model	30/06/2023	15/12/2023	05/02/2024	French	PDF
Micro model	30/06/2022	16/12/2022	24/02/2023	French	PDF
Micro model	30/06/2021	17/12/2021	25/02/2022	French	PDF
Micro model	30/06/2020	18/12/2020	25/02/2021	French	PDF
Micro model	30/06/2019	20/12/2019	28/02/2020	French	PDF
Micro model	30/06/2018	21/12/2018	28/02/2019	French	PDF
Micro model	30/06/2017	15/12/2017	28/02/2018	French	PDF
Abridged model	30/06/2016	16/12/2016	27/02/2017	French	PDF
Abridged model	30/06/2015	18/12/2015	26/02/2016	French	PDF
Abridged model	30/06/2014	19/12/2014	27/02/2015	French	PDF
Abridged model	30/06/2013	20/12/2013	27/02/2014	French	PDF
Abridged model	30/06/2012	21/12/2012	28/02/2013	French	PDF
Abridged model	30/06/2011	16/12/2011	29/02/2012	French	PDF
Abridged model	30/06/2010	17/12/2010	28/02/2011	French	PDF
Abridged model	30/06/2009	19/12/2009	14/06/2010	French	PDF
Abridged model	30/06/2008	20/12/2008	28/02/2009	French	PDF
Abridged model	30/06/2007	21/12/2007	29/02/2008	French	PDF
Abridged model	30/06/2006	15/12/2006	27/02/2007	French	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 30/06/2025 · 1 active · 1 ended

Active mandates

MIGUEL GEERINCKX

Manager · since 01 août 1988

Active

Ended mandates

MIGUEL GEERINCKX

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates04/10/2023
MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
PDF
Capital / shares26/07/2018
CAPITAL, ACTIONS
PDF
Capital / shares17/07/2014
OBJET - CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Registered office27/04/2012
SIEGE SOCIAL
PDF
Registered office19/10/2009
SIEGE SOCIAL
PDF
Capital / shares17/03/2005
CAPITAL, ACTIONS - ASSEMBLEE GENERALE - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Capital / shares03/02/2005
MODIFICATION FORME JURIDIQUE - OBJET - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - CAPITAL, ACTIONS
PDF
Registered office30/12/2003
SIEGE SOCIAL
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 202584,2 k €↑
2024
Annual accounts 202483,1 k €↑
2023
Annual accounts 202373,6 k €↑
2022
Annual accounts 202267,9 k €↑
2021
Annual accounts 202148 k €↑
2020
Annual accounts 202043,3 k €↑
2019
Annual accounts 201921,9 k €↓
2018
Annual accounts 201838,9 k €↑
2017
Annual accounts 201724,4 k €↑
2016
Annual accounts 201614,9 k €↑
2015
Annual accounts 201512,6 k €↓
2014
Annual accounts 201419,2 k €↓
2013
Annual accounts 201319,2 k €↑
2012
Annual accounts 201217,5 k €↓
2011
Annual accounts 201133,7 k €↑
2010
Annual accounts 201021,9 k €↓
2009
Annual accounts 200930 k €↑
2008
Annual accounts 200817,5 k €↓
2007
Annual accounts 200718,3 k €
06/07/1988
IncorporationPrivate 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

INDEED

Overview

What does INDEED 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