ACTIVE

INTERCORD

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Financial year 2025 · closed on 30/11/2025

Net result

1,2 M €

+19.9% YoY

Revenue

11,7 M €

-14.3% YoY

Equity

8,4 M €

+17.4% YoY

What does INTERCORD do?

INTERCORD is a Public limited company incorporated in 1993. Its registered office is in Dendermonde.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0449.096.439

Incorporation

14/01/1993

Legal form

Public limited company

Registered office

Zogsebaan (GRE) 17
9200 Dendermonde · FlandreSee on map

Contributed capital

62 000,00 €

Latest accounts

30/11/2025

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHigh revenue

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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	11,7 M €	-14.3%	13,6 M €	+3.9%	13,1 M €	-33.2%	19,6 M €		–		–		–		–		–		–		–		–		–		–		–		–		–		4,3 M €	+28.9%	3,3 M €	-6.2%	3,5 M €
EBITDA	1,4 M €	+12.9%	1,3 M €	-6.6%	1,4 M €	-43.7%	2,4 M €	+44.9%	1,7 M €	+81.8%	922,8 k €	+72.3%	535,6 k €	-14.6%	627,1 k €	+54.7%	405,4 k €	-12.1%	461,2 k €	+13.5%	406,5 k €	+20.5%	337,5 k €	+40.9%	239,5 k €	+89.4%	126,5 k €	-15.3%	149,3 k €	-9.9%	165,7 k €	+12.5%	147,3 k €	-25.4%	197,3 k €	+49.2%	132,3 k €	+6.5%	124,2 k €
Operating result	1,5 M €	+15.3%	1,3 M €	-15.1%	1,5 M €	-34.2%	2,3 M €	+36.3%	1,7 M €	+93.0%	863,7 k €	+87.9%	459,7 k €	-16.4%	550 k €	+106%	266,4 k €	-23.8%	349,8 k €	-11.7%	396,4 k €	+21.1%	327,3 k €	+48.3%	220,7 k €	+92.1%	114,9 k €	-17.3%	138,9 k €	-1.3%	140,7 k €	+12.1%	125,5 k €	-29.4%	177,7 k €	+60.1%	111 k €	+28.0%	86,7 k €
Net result	1,2 M €	+19.9%	1 M €	-10.3%	1,2 M €	-43.7%	2,1 M €	+40.1%	1,5 M €	+110%	696,2 k €	+66.1%	419,1 k €	+10.8%	378,4 k €	+96.8%	192,2 k €	-8.4%	210 k €	+5.2%	199,6 k €	-6.8%	214,2 k €	+147%	86,8 k €	-5.3%	91,6 k €	+50.4%	61 k €	-22.7%	78,8 k €	+62.9%	48,4 k €	-47.7%	92,6 k €	+146%	37,7 k €	+31.1%	28,7 k €
Balance sheet
Equity	8,4 M €	+17.4%	7,1 M €	+11.7%	6,4 M €	+17.8%	5,4 M €	+51.3%	3,6 M €	+39.6%	2,6 M €	+37.1%	1,9 M €	+29.4%	1,5 M €	-1.8%	1,5 M €	+15.0%	1,3 M €	+19.5%	1,1 M €	+22.8%	875,5 k €	+32.4%	661,4 k €	+6.8%	619,5 k €	+17.4%	527,9 k €	+13.1%	466,9 k €	+24.3%	375,6 k €	+14.8%	327,2 k €	+39.5%	234,6 k €	+19.1%	196,9 k €
Total assets	8,7 M €	+9.9%	7,9 M €	-2.7%	8,1 M €	-1.5%	8,2 M €	+56.4%	5,3 M €	+6.6%	4,9 M €	+10.3%	4,5 M €	+9.8%	4,1 M €	+21.0%	3,4 M €	-22.5%	4,3 M €	+21.9%	3,6 M €	+29.5%	2,8 M €	+7.8%	2,6 M €	-33.5%	3,8 M €	+34.1%	2,9 M €	+37.3%	2,1 M €	+15.4%	1,8 M €	-42.4%	3,1 M €	+13.7%	2,8 M €	+31.5%	2,1 M €
Cash	3,8 M €	+132%	1,6 M €	+822%	177,3 k €	-80.8%	921,1 k €	-12.3%	1,1 M €	+113%	493,2 k €	+33222%	1,5 k €	-3.8%	1,5 k €	+17.5%	1,3 k €	-99.9%	934,7 k €	+73.2%	539,6 k €	+13443%	4 k €	-94.8%	76,6 k €	+3494%	2,1 k €	+86.6%	1,1 k €	-98.6%	84,1 k €	+167%	31,5 k €	+143%	13 k €	-7.0%	13,9 k €	-76.5%	59,3 k €
Debts	281,3 k €	-61.9%	739,2 k €	-56.6%	1,7 M €	-39.0%	2,8 M €	+67.6%	1,7 M €	-28.0%	2,3 M €	-9.1%	2,5 M €	-0.7%	2,6 M €	+35.7%	1,9 M €	-38.2%	3,1 M €	+23.0%	2,5 M €	+32.8%	1,9 M €	-0.2%	1,9 M €	-41.7%	3,2 M €	+61.0%	2 M €	+53.6%	1,3 M €	+14.7%	1,1 M €	-55.3%	2,5 M €	+5.2%	2,4 M €	+34.3%	1,8 M €
Other
Workforce	–		–		–		0,1 ETP	-88.9%	0,9 ETP	+28.6%	0,7 ETP	0.0%	0,7 ETP		–		–		–		–		–		–		–		–		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€

See the valuation

Governance

Board of directors

Seen on filing of 30/11/2025 · 1 active · 9 ended

Active mandates

CEDEM-PLASTICS

Director · since 16 décembre 2025 · until 16 décembre 2031 · 0866.002.340

Represented by CHRISTOPHE DE MULDER

Active

Ended mandates

CEDEM-PLASTICS

Director · since 17 décembre 2019 · until 16 décembre 2025 · 0866.002.340

Represented by CHRISTOPHE DE MULDER

Ended

CEDEM-PLASTICS

Director · since 17 décembre 2019 · until 16 décembre 2025 · 0866.002.340

Represented by CHRISTOPHE DE MULDER

Ended

CEDEM-PLASTICS

Director · 0866.002.340

Represented by CHRISTOPHE DE MULDER

Ended

CEDEM-PLASTICS

Director · 0866.002.340

Represented by CHRISTOPHE DE MULDER

Ended

At this address

Other companies at this address

Company	CBE no.
CEDEM-PLASTICS● Active	0866.002.340

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Abridged model	Abridged model
Start of the financial year	01/12/2024	01/12/2023	01/12/2022	01/12/2021	01/12/2020	01/12/2019
Closing of the financial year	30/11/2025	30/11/2024	30/11/2023	30/11/2022	30/11/2021	30/11/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	12/05/2026	22/05/2025	13/06/2024	21/06/2023	22/06/2022	28/05/2021
General meeting	04/05/2026	16/05/2025	27/05/2024	26/05/2023	31/05/2022	03/05/2021
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	30/11/2025	04/05/2026	12/05/2026	Dutch	PDF
Full model	30/11/2024	16/05/2025	22/05/2025	Dutch	PDF
Full model	30/11/2023	27/05/2024	13/06/2024	Dutch	PDF
Full model	30/11/2022	26/05/2023	21/06/2023	Dutch	PDF
Abridged model	30/11/2021	31/05/2022	22/06/2022	Dutch	PDF
Abridged model	30/11/2020	03/05/2021	28/05/2021	Dutch	PDF
Abridged model	30/11/2019	04/05/2020	29/05/2020	Dutch	PDF
Abridged model	30/11/2018	06/05/2019	04/06/2019	Dutch	PDF
Abridged model	30/11/2017	07/05/2018	23/05/2018	Dutch	PDF
Abridged model	30/11/2016	01/05/2017	30/05/2017	Dutch	PDF
Abridged model	30/11/2015	02/05/2016	30/05/2016	Dutch	PDF
Abridged model	30/11/2014	22/05/2015	04/06/2015	Dutch	PDF
Abridged model	30/11/2013	05/05/2014	04/06/2014	Dutch	PDF
Abridged model	30/11/2012	27/05/2013	26/06/2013	Dutch	PDF
Abridged model	30/11/2011	29/05/2012	21/06/2012	Dutch	PDF
Abridged model	30/11/2010	02/05/2011	31/05/2011	Dutch	PDF
Abridged model	30/11/2009	24/05/2010	18/06/2010	Dutch	PDF
Abridged model	30/11/2008	04/05/2009	25/05/2009	Dutch	PDF
Abridged model	30/11/2007	05/05/2008	26/05/2008	Dutch	PDF
Abridged model	30/11/2006	27/05/2007	26/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 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 30/11/2025 · 1 active · 9 ended

Active mandates

CEDEM-PLASTICS

Director · since 16 décembre 2025 · until 16 décembre 2031 · 0866.002.340

Represented by CHRISTOPHE DE MULDER

Active

Ended mandates

CEDEM-PLASTICS

Director · since 17 décembre 2019 · until 16 décembre 2025 · 0866.002.340

Represented by CHRISTOPHE DE MULDER

Ended

CEDEM-PLASTICS

Director · since 17 décembre 2019 · until 16 décembre 2025 · 0866.002.340

Represented by CHRISTOPHE DE MULDER

Ended

CEDEM-PLASTICS

Director · 0866.002.340

Represented by CHRISTOPHE DE MULDER

Ended

CEDEM-PLASTICS

Director · 0866.002.340

Represented by CHRISTOPHE DE MULDER

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates10/09/2026
Herbenoeming bestuurder
PDF
Mandates24/06/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates30/06/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates24/12/2019
ONTSLAGEN - BENOEMINGEN
PDF
Registered office21/01/2019
MAATSCHAPPELIJKE ZETEL
PDF
Mandates30/11/2018
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares29/01/2014
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates20/07/2012
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 20251,2 M €↑
2024
Annual accounts 20241 M €↓
2023
Annual accounts 20231,2 M €↓
2022
Annual accounts 20222,1 M €↑
2021
Annual accounts 20211,5 M €↑
2020
Annual accounts 2020696,2 k €↑
2019
Annual accounts 2019419,1 k €↑
2018
Annual accounts 2018378,4 k €↑
2017
Annual accounts 2017192,2 k €↓
2016
Annual accounts 2016210 k €↑
2015
Annual accounts 2015199,6 k €↓
2014
Annual accounts 2014214,2 k €↑
2013
Annual accounts 201386,8 k €↓
2012
Annual accounts 201291,6 k €↑
2011
Annual accounts 201161 k €↓
2010
Annual accounts 201078,8 k €↑
2009
Annual accounts 200948,4 k €↓
2008
Annual accounts 200892,6 k €↑
2007
Annual accounts 200737,7 k €↑
2006
Annual accounts 200628,7 k €
14/01/1993
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

INTERCORD

Overview

What does INTERCORD 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

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline