ACTIVE

ANCADINE

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Financial year 2025 · closed on 31/12/2025

Net result

100,7 k €

-37.1% YoY

Revenue

1,3 M €

-5.7% YoY

Equity

7,5 M €

+1.4% YoY

Workforce

16,7 ETP

-0.6% YoY

What does ANCADINE do?

ANCADINE is a Public limited company incorporated in 1990. Its registered office is in Diksmuide. It employs on average 16,7 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0441.519.452

Incorporation

31/08/1990

Legal form

Public limited company

Registered office

Wikkelaarstraat(V) 31
8600 Diksmuide · FlandreSee on map

Contributed capital

868 000,00 €

Latest accounts

31/12/2025

Average workforce

16,7 ETP

Joint committees (2)

Contacts

1 public detail availableLog in to view

Signals

ProfitableSolid equityLow riskPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

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
Revenue	1,3 M €	-5.7%	1,3 M €	-0.1%	1,3 M €	-5.5%	1,4 M €	+5.7%	1,3 M €	+18.7%	1,1 M €	+2.5%	1,1 M €	-4.5%	1,1 M €	+0.7%	1,1 M €	+2.1%	1,1 M €	+12.2%	992,6 k €		–		–		–		–		–		–		–		–		–
EBITDA	191 k €	-30.1%	273,3 k €	-4.7%	286,8 k €	-34.4%	437,5 k €	+5.0%	416,6 k €	+23.1%	338,5 k €	+45.1%	233,4 k €	-23.1%	303,5 k €	-2.7%	312,1 k €	+11.0%	281,1 k €	+28.0%	219,5 k €	+40.2%	156,6 k €	+50.2%	104,3 k €	+89.4%	55 k €	-53.9%	119,5 k €	-29.6%	169,8 k €	+38.4%	122,7 k €	-15.7%	145,6 k €	-15.6%	172,5 k €	+7.3%	160,8 k €
Operating result	141,4 k €	-37.0%	224,5 k €	-6.6%	240,4 k €	-38.4%	390,4 k €	+10.2%	354,2 k €	+11.0%	318,9 k €	+55.1%	205,6 k €	-28.3%	286,5 k €	-0.1%	286,8 k €	+22.7%	233,8 k €	+35.8%	172,2 k €	+58.8%	108,4 k €	+89.9%	57,1 k €	+515%	9,3 k €	-87.4%	73,7 k €	-39.0%	120,9 k €	+106%	58,8 k €	-23.3%	76,6 k €	-19.9%	95,6 k €	+22.5%	78 k €
Net result	100,7 k €	-37.1%	160,2 k €	-4.3%	167,3 k €	-39.0%	274,3 k €	+11.6%	245,9 k €	+12.4%	218,8 k €	+70.3%	128,5 k €	-28.1%	178,7 k €	+7.8%	165,8 k €	+26.7%	130,9 k €	+48.7%	88 k €	+115%	40,9 k €	-99.1%	4,4 M €	+7272%	59,9 k €	+4.9%	57,1 k €	-33.2%	85,5 k €	+119%	39 k €	-29.0%	54,9 k €	-33.8%	83 k €	+23.7%	67,1 k €
Balance sheet
Equity	7,5 M €	+1.4%	7,4 M €	+2.2%	7,2 M €	+2.4%	7 M €	+4.1%	6,8 M €	+3.8%	6,5 M €	+3.5%	6,3 M €	+2.1%	6,2 M €	+3.0%	6 M €	+2.8%	5,8 M €	+2.3%	5,7 M €	+1.6%	5,6 M €	+0.7%	5,6 M €	+383%	1,2 M €	+5.5%	1,1 M €	0.0%	1,1 M €	+3.4%	1,1 M €	+0.4%	1,1 M €	+1.2%	1 M €	+3.7%	1 M €
Total assets	8,6 M €	-0.9%	8,7 M €	+0.4%	8,7 M €	-0.1%	8,7 M €	+0.4%	8,6 M €	+6.4%	8,1 M €	-5.4%	8,6 M €	+15.6%	7,4 M €	-0.7%	7,5 M €	+2.1%	7,3 M €	+0.3%	7,3 M €	-0.5%	7,3 M €	-1.1%	7,4 M €	-1.0%	7,5 M €	+453%	1,4 M €	-2.2%	1,4 M €	-1.4%	1,4 M €	-4.8%	1,5 M €	-8.6%	1,6 M €	+1.4%	1,6 M €
Cash	21,7 k €	+478%	3,8 k €	-70.1%	12,5 k €	+150%	5 k €	+17.4%	4,3 k €	-84.6%	27,7 k €	+526%	4,4 k €	+0.7%	4,4 k €	+297%	1,1 k €	+77.9%	622,9 €	+2188%	27,2 €	-99.6%	7,2 k €	+69.4%	4,3 k €	-89.6%	41 k €	-4.1%	42,8 k €	-22.1%	54,9 k €	-3.4%	56,8 k €	+412%	11,1 k €	-34.3%	16,9 k €	+354%	3,7 k €
Debts	1,2 M €	-13.6%	1,3 M €	-8.4%	1,5 M €	-10.6%	1,6 M €	-12.6%	1,9 M €	+16.7%	1,6 M €	-30.1%	2,3 M €	+83.6%	1,2 M €	-15.7%	1,5 M €	-1.1%	1,5 M €	-5.8%	1,6 M €	-8.0%	1,7 M €	-6.7%	1,8 M €	-71.0%	6,3 M €	+2315%	262,5 k €	-10.6%	293,7 k €	-15.8%	348,8 k €	-17.6%	423,1 k €	-26.3%	574,4 k €	-2.6%	589,8 k €
Other
Workforce	16,7 ETP	-0.6%	16,8 ETP	-3.4%	17,4 ETP	-4.9%	18,3 ETP	+2.8%	17,8 ETP	+4.1%	17,1 ETP	+11.0%	15,4 ETP	-12.5%	17,6 ETP	0.0%	17,6 ETP	-1.1%	17,8 ETP	+23.6%	14,4 ETP	-10.0%	16,0 ETP	+3.9%	15,4 ETP	+1.3%	15,2 ETP	-5.0%	16,0 ETP	-7.0%	17,2 ETP	0.0%	17,2 ETP	0.0%	17,2 ETP	-7.0%	18,5 ETP	+8.8%	17,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 5 active · 39 ended

Active mandates

Annie Willaert

Managing director

Active

Ellen Vermeersch

Managing director

Active

Erik Vermeersch

Managing director

Active

Henk Oosterlinck

Director

Active

Matthias Lambrecht

Director

Active

Ended mandates

ANNIE WILLAERT

Managing director · since 01 juillet 2024 · until 02 juin 2030

Ended

ELLEN VERMEERSCH

Managing director · since 01 juillet 2024 · until 02 juin 2030

Ended

ERIK VERMEERSCH

Managing director · since 01 juillet 2024 · until 02 juin 2030

Ended

HENK OOSTERLINCK

Director · since 01 juillet 2024 · until 02 juin 2030

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full 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	30/08/2026	29/08/2025	30/08/2024	31/08/2023	12/08/2022	27/08/2021
General meeting	30/06/2026	30/06/2025	30/06/2024	30/06/2023	28/06/2022	28/06/2021
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
Full model	31/12/2025	30/06/2026	30/08/2026	Dutch	PDF
Full model	31/12/2024	30/06/2025	29/08/2025	Dutch	PDF
Full model	31/12/2023	30/06/2024	30/08/2024	Dutch	PDF
Full model	31/12/2022	30/06/2023	31/08/2023	Dutch	PDF
Full model	31/12/2021	28/06/2022	12/08/2022	Dutch	PDF
Full model	31/12/2020	28/06/2021	27/08/2021	Dutch	PDF
Full model	31/12/2019	30/08/2020	30/09/2020	Dutch	PDF
Full model	31/12/2018	29/06/2019	30/07/2019	Dutch	PDF
Full model	31/12/2017	04/06/2018	20/07/2018	Dutch	PDF
Full model	31/12/2016	30/06/2017	20/07/2017	Dutch	PDF
Full model	31/12/2015	06/06/2016	27/07/2016	Dutch	PDF
Abridged model	31/12/2014	08/06/2015	21/08/2015	Dutch	PDF
Abridged model	31/12/2013	28/08/2014	29/08/2014	Dutch	PDF
Abridged model	31/12/2012	02/06/2013	12/08/2013	Dutch	PDF
Abridged model	31/12/2011	04/06/2012	28/06/2012	Dutch	PDF
Abridged model	31/12/2010	06/06/2011	30/08/2011	Dutch	PDF
Abridged model	31/12/2009	07/06/2010	26/08/2010	Dutch	PDF
Abridged model	31/12/2008	08/06/2009	26/08/2009	Dutch	PDF
Abridged model	31/12/2007	02/06/2008	28/08/2008	Dutch	PDF
Abridged model	31/12/2006	03/06/2007	18/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 · 5 active · 39 ended

Active mandates

Annie Willaert

Managing director

Active

Ellen Vermeersch

Managing director

Active

Erik Vermeersch

Managing director

Active

Henk Oosterlinck

Director

Active

Matthias Lambrecht

Director

Active

Ended mandates

ANNIE WILLAERT

Managing director · since 01 juillet 2024 · until 02 juin 2030

Ended

ELLEN VERMEERSCH

Managing director · since 01 juillet 2024 · until 02 juin 2030

Ended

ERIK VERMEERSCH

Managing director · since 01 juillet 2024 · until 02 juin 2030

Ended

HENK OOSTERLINCK

Director · since 01 juillet 2024 · until 02 juin 2030

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates05/11/2024
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares02/01/2020
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DOEL - KAPITAAL - AANDELEN
PDF
Mandates08/08/2018
ONTSLAGEN - BENOEMINGEN
PDF
Mandates25/11/2013
ONTSLAGEN - BENOEMINGEN
PDF
Mandates21/12/2012
ONTSLAGEN - BENOEMINGEN
PDF
Mandates03/11/2009
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 2025100,7 k €↓
2024
Annual accounts 2024160,2 k €↓
2023
Annual accounts 2023167,3 k €↓
2022
Annual accounts 2022274,3 k €↑
2021
Annual accounts 2021245,9 k €↑
2020
Annual accounts 2020218,8 k €↑
2019
Annual accounts 2019128,5 k €↓
2018
Annual accounts 2018178,7 k €↑
2017
Annual accounts 2017165,8 k €↑
2016
Annual accounts 2016130,9 k €↑
2015
Annual accounts 201588 k €↑
2014
Annual accounts 201440,9 k €↓
2013
Annual accounts 20134,4 M €↑
2012
Annual accounts 201259,9 k €↑
2011
Annual accounts 201157,1 k €↓
2010
Annual accounts 201085,5 k €↑
2009
Annual accounts 200939 k €↓
2008
Annual accounts 200854,9 k €↓
2007
Annual accounts 200783 k €↑
2006
Annual accounts 200667,1 k €
31/08/1990
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

ANCADINE

Overview

What does ANCADINE do?

Trend over 20 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