ACTIVE

ACOTEC

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Financial year 2024 · closed on 31/12/2024

Net result

-104,4 k €

-118.2% YoY

Revenue

8,1 M €

-5.9% YoY

Equity

5,2 M €

-2.0% YoY

Workforce

25,5 ETP

-6.6% YoY

What does ACOTEC do?

ACOTEC is a Public limited company incorporated in 1992. Its main activity is: Construction of water projects. Its registered office is in Aalst. It employs on average 25,5 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0448.964.401

Incorporation

28/12/1992

Legal form

Public limited company

Registered office

Industrielaan 8
9320 Aalst · FlandreSee on map

Contributed capital

100 000,00 €

Latest accounts

31/12/2024

Average workforce

25,5 ETP

Activities (NACE)

42919Construction of water projects· main 42919Construction of water projects 45242Maintenance and repair of motor vehicles 20300Manufacture of paints, varnishes and similar coatings, printing ink and mastics 20300Manufacture of paints, varnishes and similar coatings, printing ink and mastics

Joint committees (4)

Signals

Solid equityLow riskGood liquidityPositive cashflowPositive EBITDAHigh revenue

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Revenue	8,1 M €	-5.9%	8,6 M €	+21.4%	7,1 M €	-34.2%	10,8 M €	+36.9%	7,9 M €	-50.3%	15,9 M €	+57.0%	10,1 M €	+31.5%	7,7 M €	-20.1%	9,6 M €	+5.5%	9,1 M €	+14.4%	8 M €	+0.5%	7,9 M €	-17.5%	9,6 M €	-0.0%	9,6 M €	+5.9%	9,1 M €		–		–		–		–
EBITDA	329,1 k €	-67.6%	1 M €	+220%	-843,8 k €	-157%	1,5 M €	+284%	-800,3 k €	-174%	1,1 M €	+130%	471,5 k €	+162%	-756,2 k €	-370%	279,8 k €	+27.8%	218,9 k €	+80.7%	121,1 k €	+152%	-234,8 k €	-128%	852,7 k €	-55.2%	1,9 M €	-19.2%	2,4 M €	+22.0%	1,9 M €	+65.7%	1,2 M €	-18.1%	1,4 M €	-34.3%	2,2 M €
Operating result	44,8 k €	-93.6%	703,3 k €	+157%	-1,2 M €	-208%	1,1 M €	+205%	-1,1 M €	-233%	816,7 k €	+341%	185,1 k €	+120%	-909,1 k €	-124%	-405,4 k €	-9724%	-4,1 k €	+94.4%	-73,5 k €	+82.4%	-417,1 k €	-162%	670,7 k €	-51.8%	1,4 M €	-32.3%	2,1 M €	+23.7%	1,7 M €	+72.6%	962,9 k €	-23.6%	1,3 M €	-38.1%	2 M €
Net result	-104,4 k €	-118%	574,6 k €	+143%	-1,3 M €	-217%	1,1 M €	+200%	-1,1 M €	-244%	782,4 k €	+411%	153,1 k €	+117%	-894,7 k €	-240%	-263,5 k €	-491%	67,3 k €	+276%	-38,2 k €	+90.2%	-388,6 k €	-190%	432,5 k €	-55.3%	968,5 k €	-34.1%	1,5 M €	+29.7%	1,1 M €	+65.3%	685,1 k €	-36.5%	1,1 M €	-27.2%	1,5 M €
Balance sheet
Equity	5,2 M €	-2.0%	5,3 M €	+12.2%	4,7 M €	-21.9%	6 M €	+23.0%	4,9 M €	-18.7%	6 M €	+14.9%	5,3 M €	+3.0%	5,1 M €	-14.9%	6 M €	-4.2%	6,3 M €	+1.1%	6,2 M €	-0.6%	6,2 M €	-5.9%	6,6 M €	+7.0%	6,2 M €	+6.3%	5,8 M €	+33.7%	4,4 M €	+35.1%	3,2 M €	-34.0%	4,9 M €	+28.4%	3,8 M €
Total assets	11 M €	-1.3%	11,1 M €	+10.6%	10,1 M €	-10.1%	11,2 M €	+21.0%	9,2 M €	-26.9%	12,6 M €	+9.7%	11,5 M €	+21.1%	9,5 M €	-5.0%	10 M €	+1.0%	9,9 M €	+11.3%	8,9 M €	+3.7%	8,6 M €	-7.7%	9,3 M €	+15.8%	8,1 M €	+11.0%	7,3 M €	+21.3%	6 M €	+19.6%	5 M €	-15.6%	5,9 M €	+14.1%	5,2 M €
Cash	181,4 k €	-26.0%	245,1 k €	-72.0%	876,6 k €	+1449%	56,6 k €	-90.2%	578,2 k €	+30.5%	443 k €	+3085%	13,9 k €	-97.5%	550 k €	-15.2%	648,9 k €	-41.1%	1,1 M €	+2561%	41,4 k €	-90.4%	430,2 k €	-83.2%	2,6 M €	+17.1%	2,2 M €	+189%	757,8 k €	-48.1%	1,5 M €	+86.9%	780,4 k €	+111%	370 k €	+80.3%	205,3 k €
Debts	5,6 M €	-1.9%	5,7 M €	+17.0%	4,8 M €	+5.3%	4,6 M €	+18.3%	3,9 M €	-37.3%	6,2 M €	+3.6%	6 M €	+44.4%	4,1 M €	+14.8%	3,6 M €	+13.3%	3,2 M €	+46.0%	2,2 M €	+39.6%	1,6 M €	-23.4%	2 M €	+42.7%	1,4 M €	+8.1%	1,3 M €	-12.2%	1,5 M €	-6.3%	1,6 M €	+66.6%	966,4 k €	-23.4%	1,3 M €
Other
Workforce	25,5 ETP	-6.6%	27,3 ETP	-5.9%	29,0 ETP	-12.7%	33,2 ETP	+10.7%	30,0 ETP	0.0%	30,0 ETP	+3.8%	28,9 ETP	-1.7%	29,4 ETP	+16.7%	25,2 ETP	+4.1%	24,2 ETP	+2.5%	23,6 ETP	-12.6%	27,0 ETP	-9.4%	29,8 ETP	-11.6%	33,7 ETP	-8.4%	36,8 ETP	+5.7%	34,8 ETP	+9.8%	31,7 ETP	+5.3%	30,1 ETP	+6.0%	28,4 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2024 · 3 active · 26 ended

Active mandates

ADOXA

Director · since 24 avril 2025 · until 05 juin 2031 · 0836.651.823

Represented by Christiaan De Meerleer

Active

BELBRIDGE

Director · since 24 avril 2025 · until 05 juin 2031 · 0828.320.018

Represented by Anna Aizina

Active

Partners in Coating

Director · since 24 avril 2025 · until 05 juin 2031 · 0836.097.636

Represented by Wim Schalley

Active

Ended mandates

BELBRIDGE

Director · since 29 août 2023 · until 21 juin 2029 · 0828.320.018

Represented by Anna Aizina

Ended

Partners in Coating

Managing director · since 29 août 2023 · until 21 juin 2029 · 0836.097.636

Represented by Wim Schalley

Ended

BELBRIDGE

Mandate · since 30 juin 2017 · until 30 juin 2023 · 0828.320.018

Represented by Anna Aizina

Ended

BELBRIDGE

Director · since 30 juin 2017 · until 29 août 2023 · 0828.320.018

Represented by Anna Aizina

Ended

At this address

Other companies at this address

Company	CBE no.
ALBARR COATING SOLUTIONS● Active	0798.708.391
AZOLLA● Active	0477.429.446
BELBRIDGE● Active	0828.320.018
Partners in Coating● Active	0836.097.636

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	06/10/2025	16/09/2024	31/08/2023	29/07/2022	15/11/2021	08/10/2020
General meeting	06/10/2025	11/09/2024	29/08/2023	30/06/2022	28/10/2021	08/10/2020
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2024	06/10/2025	06/10/2025	Dutch	PDF
Full model	31/12/2023	11/09/2024	16/09/2024	Dutch	PDF
Full model	31/12/2022	29/08/2023	31/08/2023	Dutch	PDF
Full model	31/12/2021	30/06/2022	29/07/2022	Dutch	PDF
Full model	31/12/2020	28/10/2021	15/11/2021	Dutch	PDF
Full model	31/12/2019	08/10/2020	08/10/2020	Dutch	PDF
Full model	31/12/2018	15/07/2019	29/07/2019	Dutch	PDF
Full model	31/12/2017	23/07/2018	27/07/2018	Dutch	PDF
Full model	31/12/2016	30/06/2017	11/07/2017	Dutch	PDF
Full model	31/12/2015	30/06/2016	07/07/2016	Dutch	PDF
Full model	31/12/2014	26/06/2015	14/07/2015	Dutch	PDF
Full model	31/12/2013	16/07/2014	18/07/2014	Dutch	PDF
Full model	31/12/2012	28/06/2013	23/07/2013	Dutch	PDF
Full model	31/12/2011	27/06/2012	30/07/2012	Dutch	PDF
Full model	31/12/2010	15/06/2011	28/07/2011	Dutch	PDF
Abridged model	31/12/2009	30/06/2010	27/08/2010	Dutch	PDF
Abridged model	31/12/2008	23/06/2009	31/07/2009	Dutch	PDF
Abridged model	31/12/2007	19/06/2008	17/07/2008	Dutch	PDF
Abridged model	31/12/2006	21/06/2007	13/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 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 31/12/2024 · 3 active · 26 ended

Active mandates

ADOXA

Director · since 24 avril 2025 · until 05 juin 2031 · 0836.651.823

Represented by Christiaan De Meerleer

Active

BELBRIDGE

Director · since 24 avril 2025 · until 05 juin 2031 · 0828.320.018

Represented by Anna Aizina

Active

Partners in Coating

Director · since 24 avril 2025 · until 05 juin 2031 · 0836.097.636

Represented by Wim Schalley

Active

Ended mandates

BELBRIDGE

Director · since 29 août 2023 · until 21 juin 2029 · 0828.320.018

Represented by Anna Aizina

Ended

Partners in Coating

Managing director · since 29 août 2023 · until 21 juin 2029 · 0836.097.636

Represented by Wim Schalley

Ended

BELBRIDGE

Mandate · since 30 juin 2017 · until 30 juin 2023 · 0828.320.018

Represented by Anna Aizina

Ended

BELBRIDGE

Director · since 30 juin 2017 · until 29 août 2023 · 0828.320.018

Represented by Anna Aizina

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates12/05/2025
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN
PDF
Mandates06/07/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates04/10/2018
ONTSLAGEN - BENOEMINGEN
PDF
Mandates11/01/2018
ONTSLAGEN - BENOEMINGEN
PDF
Mandates01/08/2014
ONTSLAGEN - BENOEMINGEN
PDF
Mandates06/01/2012
ONTSLAGEN - BENOEMINGEN
PDF
Mandates01/12/2011
ONTSLAGEN - BENOEMINGEN
PDF
Mandates01/07/2011
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

2024
Annual accounts 2024-104,4 k €↓
2023
Annual accounts 2023574,6 k €↑
2022
Annual accounts 2022-1,3 M €↓
2021
Annual accounts 20211,1 M €↑
2020
Annual accounts 2020-1,1 M €↓
2019
Annual accounts 2019782,4 k €↑
2018
Annual accounts 2018153,1 k €↑
2017
Annual accounts 2017-894,7 k €↓
2016
Annual accounts 2016-263,5 k €↓
2015
Annual accounts 201567,3 k €↑
2014
Annual accounts 2014-38,2 k €↑
2013
Annual accounts 2013-388,6 k €↓
2012
Annual accounts 2012432,5 k €↓
2011
Annual accounts 2011968,5 k €↓
2010
Annual accounts 20101,5 M €↑
2009
Annual accounts 20091,1 M €↑
2008
Annual accounts 2008685,1 k €↓
2007
Annual accounts 20071,1 M €↓
2006
Annual accounts 20061,5 M €
28/12/1992
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

ACOTEC

Overview

What does ACOTEC do?

Trend over 19 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