ACTIVE

INDESCO

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Financial year 2025 · closed on 31/12/2025

Net result

14,2 k €

+114.4% YoY

Gross margin

19 k €

+177.5% YoY

Equity

210,3 k €

+7.3% YoY

What does INDESCO do?

INDESCO is a Private limited company incorporated in 1990. Its main activity is: Management consultancy activities. Its registered office is in Durbuy.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0440.652.192

Incorporation

13/04/1990

Legal form

Private limited company

Registered office

Rue de Givet (Grandhan) 81
6940 Durbuy · WallonieSee on map

Contributed capital

18 592,01 €

Latest accounts

31/12/2025

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 77110Rental and leasing of cars and light motor vehicles 77393Rental and leasing of other machinery, equipment and tangible goods n.e.c.

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	19 k €	+177%	6,9 k €	+121%	-33,1 k €	-121%	-15 k €	-106%	256,6 k €	+6607%	3,8 k €	-93.9%	63,2 k €	-2.3%	64,7 k €	+15.5%	56 k €	-3.1%	57,8 k €	+2.9%	56,2 k €	-10.2%	62,5 k €	+240%	18,4 k €	-33.8%	27,8 k €	+244%	8,1 k €	-82.6%	46,4 k €	+60.4%	28,9 k €	-50.2%	58 k €	+126%	25,6 k €	-57.7%	60,6 k €
EBITDA	18,5 k €	+196%	6,2 k €	+118%	-34 k €	-113%	-15,9 k €	-106%	254,9 k €	+14706%	1,7 k €	-97.2%	60,6 k €	-2.3%	62 k €	+18.6%	52,3 k €	-4.8%	54,9 k €	+2.0%	53,9 k €	-6.8%	57,8 k €	+291%	14,8 k €	-40.0%	24,7 k €	+206%	8,1 k €	-82.6%	46,3 k €	+60.0%	28,9 k €	-48.5%	56,1 k €	+138%	23,5 k €	-60.1%	59 k €
Operating result	14,2 k €	+127%	6,2 k €	+118%	-34 k €	-44.1%	-23,6 k €	-110%	241,3 k €	+2599%	8,9 k €	-64.5%	25,2 k €	+37.0%	18,4 k €	+109%	8,8 k €	-75.2%	35,6 k €	-5.4%	37,6 k €	-9.1%	41,4 k €	+1549%	2,5 k €	-82.7%	14,5 k €	+2113%	653,7 €	-97.8%	29,9 k €	+34.6%	22,3 k €	-48.0%	42,8 k €	+551%	6,6 k €	-84.0%	41,3 k €
Net result	14,2 k €	+114%	6,6 k €	+119%	-34,1 k €	-39.9%	-24,4 k €	-115%	166 k €	+4563%	3,6 k €	-74.5%	14 k €	+77.8%	7,9 k €	+915%	774,9 €	-96.4%	21,4 k €	+26.2%	17 k €	-40.6%	28,6 k €	+2757%	-1,1 k €	-110%	11,1 k €	+207%	-10,4 k €	-159%	17,7 k €	+47.0%	12 k €	-43.6%	21,4 k €	+2072%	983 €	-96.8%	30,4 k €
Balance sheet
Equity	210,3 k €	+7.3%	196 k €	+3.5%	189,4 k €	-15.3%	223,5 k €	-9.8%	247,9 k €	+130%	107,8 k €	+3.4%	104,3 k €	+15.5%	90,3 k €	+8.5%	83,2 k €	+0.9%	82,5 k €	+35.1%	61 k €	+3.4%	59 k €	+94.0%	30,4 k €	-3.4%	31,5 k €	-48.6%	61,4 k €	-14.4%	71,7 k €	+32.8%	54 k €	+28.7%	42 k €	-47.9%	80,6 k €	+1.2%	79,6 k €
Total assets	210,8 k €	+4.2%	202,3 k €	+6.6%	189,7 k €	-23.7%	248,6 k €	-18.9%	306,5 k €	+119%	140 k €	-30.8%	202,2 k €	-12.3%	230,5 k €	-0.7%	232 k €	+66.1%	139,7 k €	+13.5%	123,1 k €	-20.8%	155,4 k €	+48.1%	105 k €	-10.7%	117,6 k €	-22.6%	152 k €	-30.6%	219,2 k €	+15.4%	189,9 k €	+2.3%	185,6 k €	-12.2%	211,4 k €	-6.6%	226,3 k €
Cash	188,4 k €	+2.1%	184,6 k €	+2.8%	179,5 k €	-25.7%	241,6 k €	-14.8%	283,5 k €	+588%	41,2 k €	+77.8%	23,2 k €	-21.2%	29,4 k €	+125%	13 k €	+78.8%	7,3 k €	-56.9%	16,9 k €	+49.5%	11,3 k €	+32.8%	8,5 k €	-23.4%	11,1 k €	-29.4%	15,7 k €	-68.1%	49,3 k €	+33.2%	37 k €	-13.8%	42,9 k €	+41.0%	30,4 k €	-32.4%	45 k €
Debts	539,7 €	-91.4%	6,2 k €	+2043%	291,5 €	-98.8%	25,1 k €	-57.2%	58,7 k €	+82.6%	32,1 k €	-67.1%	97,7 k €	-30.3%	140,2 k €	-5.8%	148,8 k €	+160%	57,2 k €	-7.8%	62,1 k €	-35.6%	96,4 k €	+29.3%	74,5 k €	-13.0%	85,7 k €	-5.5%	90,7 k €	-38.5%	147,5 k €	+8.5%	135,9 k €	-5.4%	143,7 k €	+9.9%	130,7 k €	-10.8%	146,6 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 7 ended

Active mandates

Josiane LELOUP

Director · since 18 avril 2017

Active

PASCAL LEMINCE

Director · since 03 août 2012

Active

Ended mandates

Josiane LELOUP

Manager · since 18 avril 2018

Ended

Josiane LELOUP

Manager · since 18 avril 2017

Ended

PASCAL LEMINCE

Manager · since 03 août 2012

Ended

JOZEF DAS

Mandate · since 13 avril 1990

Ended

At this address

Other companies at this address

Company	CBE no.
MECOBAT● Active	0458.465.847

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	01/01/2025	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	11/06/2026	02/06/2025	10/06/2024	05/06/2023	27/06/2022	25/06/2021
General meeting	01/06/2026	02/06/2025	03/06/2024	05/06/2023	07/06/2022	07/06/2021
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
Micro model	31/12/2025	01/06/2026	11/06/2026	French	PDF
Micro model	31/12/2024	02/06/2025	02/06/2025	French	PDF
Micro model	31/12/2023	03/06/2024	10/06/2024	French	PDF
Micro model	31/12/2022	05/06/2023	05/06/2023	French	PDF
Micro model	31/12/2021	07/06/2022	27/06/2022	French	PDF
Micro model	31/12/2020	07/06/2021	25/06/2021	French	PDF
Micro model	31/12/2019	01/06/2020	02/06/2020	French	PDF
Micro model	31/12/2018	14/06/2019	20/06/2019	French	PDF
Micro model	31/12/2017	04/06/2018	29/06/2018	French	PDF
Micro model	31/12/2016	18/04/2017	18/04/2017	French	PDF
Abridged model	31/12/2015	06/06/2016	07/06/2016	French	PDF
Abridged model	31/12/2014	01/06/2015	03/06/2015	French	PDF
Abridged model	31/12/2013	02/06/2014	25/06/2014	French	PDF
Abridged model	31/12/2012	03/06/2013	10/06/2013	French	PDF
Abridged model	31/12/2011	04/06/2012	09/07/2012	French	PDF
Abridged model	31/12/2010	06/06/2011	10/08/2011	French	PDF
Abridged model	31/12/2009	07/06/2010	30/08/2010	French	PDF
Abridged model	31/12/2008	02/06/2009	20/08/2009	French	PDF
Abridged model	31/12/2007	30/06/2008	29/08/2008	French	PDF
Abridged model	31/12/2006	30/06/2007	22/08/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 k€

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 · 7 ended

Active mandates

Josiane LELOUP

Director · since 18 avril 2017

Active

PASCAL LEMINCE

Director · since 03 août 2012

Active

Ended mandates

Josiane LELOUP

Manager · since 18 avril 2018

Ended

Josiane LELOUP

Manager · since 18 avril 2017

Ended

PASCAL LEMINCE

Manager · since 03 août 2012

Ended

JOZEF DAS

Mandate · since 13 avril 1990

Ended

Shareholders

Ownership and network

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Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 202514,2 k €↑
2024
Annual accounts 20246,6 k €↑
2023
Annual accounts 2023-34,1 k €↓
2022
Annual accounts 2022-24,4 k €↓
2021
Annual accounts 2021166 k €↑
2020
Annual accounts 20203,6 k €↓
2019
Annual accounts 201914 k €↑
2018
Annual accounts 20187,9 k €↑
2017
Annual accounts 2017774,9 €↓
2016
Annual accounts 201621,4 k €↑
2015
Annual accounts 201517 k €↓
2014
Annual accounts 201428,6 k €↑
2013
Annual accounts 2013-1,1 k €↓
2012
Annual accounts 201211,1 k €↑
2011
Annual accounts 2011-10,4 k €↓
2010
Annual accounts 201017,7 k €↑
2009
Annual accounts 200912 k €↓
2008
Annual accounts 200821,4 k €↑
2007
Annual accounts 2007983 €↓
2006
Annual accounts 200630,4 k €
13/04/1990
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

INDESCO

Overview

What does INDESCO do?

Trend over 20 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

Similar companies

Similar companies

Timeline