ACTIVE

CONAC

Financial year 2025 · closed on 31/12/2025
Net result
270,8 k €
+13.3% YoY
Gross margin
4,2 M €
+4.9% YoY
Equity
1,4 M €
+0.9% YoY
Workforce
34,6 ETP
+3.6% YoY

What does CONAC do?

CONAC is a Public limited company incorporated in 1988. Its registered office is in Bruxelles. It employs on average 34,6 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0435.727.760
Incorporation
27/10/1988
Legal form
Public limited company
Registered office
Rue de Ligne 13
1000 Bruxelles · BruxellesSee on map
Contributed capital
716 089,00 €
Latest accounts
31/12/2025
Average workforce
34,6 ETP
Joint committees (2)
  • 200
  • 218
Contacts
2 public details availableLog in to view
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts
Health score
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Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 18 financial years

202520242023202220212020201820172016201520142013201220112010200920082007
Income statement
Gross margin4,2 M €4 M €3,7 M €3 M €2,7 M €2,6 M €2,2 M €2,1 M €1,9 M €1,9 M €1,9 M €1,8 M €1,7 M €1,8 M €1,6 M €1,7 M €1,6 M €1,8 M €
EBITDA333,2 k €455,6 k €439,8 k €11,2 k €-24,5 k €143 k €373,8 k €443,2 k €319,2 k €290,6 k €317,2 k €244,2 k €219 k €339,2 k €276,5 k €379,8 k €454,3 k €400,6 k €
Operating result379,8 k €333,9 k €259,4 k €-300,2 k €-160,5 k €38,1 k €197,1 k €270,7 k €141,8 k €102,3 k €151,8 k €129,9 k €78,1 k €167,2 k €99,3 k €214,8 k €218,5 k €270,1 k €
Net result270,8 k €239,1 k €236,5 k €-306,2 k €-164,1 k €30 k €121,6 k €159,6 k €85,9 k €59,2 k €94 k €69,6 k €51,9 k €111,6 k €65,7 k €145,5 k €146,9 k €182,1 k €
Balance sheet
Equity1,4 M €1,4 M €1,4 M €1,4 M €1,7 M €1,9 M €1,6 M €1,6 M €1,4 M €1,3 M €1,3 M €1,2 M €1,3 M €1,4 M €1,3 M €1,3 M €1,2 M €1,2 M €
Total assets3,2 M €3,3 M €3,1 M €2,6 M €2,4 M €2,6 M €2,2 M €2 M €1,8 M €1,7 M €1,8 M €2 M €1,8 M €1,8 M €1,7 M €1,8 M €1,8 M €1,7 M €
Cash236 k €47,1 k €595,7 k €141,6 k €585,6 k €909,4 k €249 k €291,7 k €349,4 k €293,2 k €333,2 k €387,9 k €332,6 k €235,8 k €168,7 k €216,5 k €29,8 k €272,6 k €
Debts1,7 M €1,7 M €1,5 M €1 M €700,9 k €702,2 k €670,7 k €459,4 k €436,2 k €338,1 k €544,7 k €786,6 k €463,6 k €405,9 k €403,1 k €471,7 k €386,2 k €463,3 k €
Other
Workforce34,6 ETP33,4 ETP31,8 ETP32,3 ETP29,2 ETP26,1 ETP20,3 ETP17,8 ETP17,2 ETP19,4 ETP17,9 ETP17,1 ETP18,2 ETP19,0 ETP19,5 ETP18,1 ETP15,2 ETP20,0 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 29 ended

Active mandates

Marleen STEPPE

Managing director · since 26 avril 2024 · until 29 avril 2026

Active
Benoît HALBART

Director · since 26 avril 2023 · until 29 avril 2026

Active
KUPPER ET CO

Director · since 26 avril 2023 · until 29 avril 2026 · 0465.526.556

Represented by Jean-Michel KUPPER

Active
PYTHIA ADVISORY SERVICES

Director · since 25 avril 2022 · until 01 septembre 2026 · 0700.443.433

Represented by Marcel ROTTIERS

Active

Ended mandates

Marleen STEPPE

Managing director · since 26 avril 2024 · until 22 avril 2026

Ended
Benoït HALBART

Director · since 26 avril 2023 · until 22 avril 2026

Ended
KUPPER ET CO

Director · since 26 avril 2023 · until 22 avril 2026 · 0465.526.556

Represented by Jean-Michel KUPPER

Ended
Marleen STEPPE

Managing director · since 26 avril 2023 · until 22 avril 2026

Ended
At this address

Other companies at this address

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0446.069.346
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KATRIN ROGGEMANActive
1003.679.685
MATERASSActive
1015.134.197
1015.650.772
0443.872.196
SAMUEL WYNANTActive
0642.997.162
0542.505.756
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged 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 date22/05/202626/05/202516/05/202416/05/202316/05/202217/05/2021
General meeting29/04/202630/04/202524/04/202426/04/202327/04/202228/04/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202529/04/202622/05/2026DutchPDF
Abridged model31/12/202430/04/202526/05/2025DutchPDF
Abridged model31/12/202324/04/202416/05/2024DutchPDF
Abridged model31/12/202226/04/202316/05/2023DutchPDF
Abridged model31/12/202127/04/202216/05/2022DutchPDF
Abridged model31/12/202028/04/202117/05/2021DutchPDF
Abridged model31/12/201929/04/202006/05/2020DutchPDF
Abridged model31/12/201824/04/201920/05/2019DutchPDF
Abridged model31/12/201708/06/201826/07/2018DutchPDF
Abridged model31/12/201630/06/201722/08/2017DutchPDF
Abridged model31/12/201530/06/201609/11/2016DutchPDF
Abridged model31/12/201430/06/201525/08/2015DutchPDF
Abridged model31/12/201330/06/201413/08/2014DutchPDF
Abridged model31/12/201228/06/201313/08/2013DutchPDF
Abridged model31/12/201129/06/201227/08/2012DutchPDF
Abridged model31/12/201030/06/201122/08/2011DutchPDF
Abridged model31/12/200930/06/201027/07/2010DutchPDF
Abridged model31/12/200830/06/200925/08/2009DutchPDF
Abridged model31/12/200730/06/200830/12/2008DutchPDF
Abridged model31/12/200601/03/200730/03/2007DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 5 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 · 4 active · 29 ended

Active mandates

Marleen STEPPE

Managing director · since 26 avril 2024 · until 29 avril 2026

Active
Benoît HALBART

Director · since 26 avril 2023 · until 29 avril 2026

Active
KUPPER ET CO

Director · since 26 avril 2023 · until 29 avril 2026 · 0465.526.556

Represented by Jean-Michel KUPPER

Active
PYTHIA ADVISORY SERVICES

Director · since 25 avril 2022 · until 01 septembre 2026 · 0700.443.433

Represented by Marcel ROTTIERS

Active

Ended mandates

Marleen STEPPE

Managing director · since 26 avril 2024 · until 22 avril 2026

Ended
Benoït HALBART

Director · since 26 avril 2023 · until 22 avril 2026

Ended
KUPPER ET CO

Director · since 26 avril 2023 · until 22 avril 2026 · 0465.526.556

Represented by Jean-Michel KUPPER

Ended
Marleen STEPPE

Managing director · since 26 avril 2023 · until 22 avril 2026

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates02/06/2026
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other28/01/2026
    DIVERSEN
    PDF
  • Other16/05/2025
    DIVERSEN
    PDF
  • Other26/03/2025
    DIVERSEN
    PDF
  • Mandates05/02/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other29/01/2024
    DIVERSEN
    PDF
  • Other28/08/2023
    DIVERSEN
    PDF
  • Mandates03/03/2023
    MAATSCHAPPELIJKE ZETEL - 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

Timeline

  1. 2025
    Annual accounts 2025270,8 k €
  2. 2024
    Annual accounts 2024239,1 k €
  3. 2023
    Annual accounts 2023236,5 k €
  4. 2022
    Annual accounts 2022-306,2 k €
  5. 2021
    Annual accounts 2021-164,1 k €
  6. 2020
    Annual accounts 202030 k €
  7. 2018
    Annual accounts 2018121,6 k €
  8. 2017
    Annual accounts 2017159,6 k €
  9. 2016
    Annual accounts 201685,9 k €
  10. 2015
    Annual accounts 201559,2 k €
  11. 2014
    Annual accounts 201494 k €
  12. 2013
    Annual accounts 201369,6 k €
  13. 2012
    Annual accounts 201251,9 k €
  14. 2011
    Annual accounts 2011111,6 k €
  15. 2010
    Annual accounts 201065,7 k €
  16. 2009
    Annual accounts 2009145,5 k €
  17. 2008
    Annual accounts 2008146,9 k €
  18. 2007
    Annual accounts 2007182,1 k €
  19. 27/10/1988
    IncorporationPublic limited company