Indaver Separation Technologies
0454.709.373 · rovalta.com · 22/09/2026
ACTIVE
Indaver Separation Technologies
Financial year 2025 · closed on 31/12/2025
Net result
51,6 k €
+35.1% YoY
Gross margin
1,3 M €
+3.9% YoY
Equity
2 M €
+2.6% YoY
Workforce
9,1 ETP
-6.2% YoY
Overview
What does Indaver Separation Technologies do?
Indaver Separation Technologies is a Public limited company incorporated in 1995. Its main activity is: Sewerage. Its registered office is in Antwerpen. It employs on average 9,1 ETP workers (FTE).
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0454.709.373
Incorporation
25/03/1995
Legal form
Public limited company
Registered office
Poldervlietweg 5
2030 Antwerpen · FlandreSee on map
2030 Antwerpen · FlandreSee on map
Contributed capital
1 412 938,59 €
Latest accounts
31/12/2025
Average workforce
9,1 ETP
Activities (NACE)
Joint committees (2)
- 116
- 207
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts
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Financials
Trend over 19 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | |||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||||||||||||||||||||||||
| Gross margin | 1,3 M € | +3.9% | 1,2 M € | +23.9% | 981,6 k € | +62.4% | 604,3 k € | +46.7% | 411,8 k € | -21.4% | 524 k € | +37.6% | 380,9 k € | -26.3% | 517 k € | – | – | – | 11 k € | -81.2% | 58,7 k € | +66.7% | 35,2 k € | -14.1% | 41 k € | +14.9% | 35,7 k € | -33.8% | 53,9 k € | +13.7% | 47,4 k € | +89.9% | 24,9 k € | ||||
| EBITDA | 446 k € | -2.5% | 457,3 k € | +31.4% | 348,1 k € | +28.4% | 271,2 k € | +27.7% | 212,3 k € | -23.1% | 275,9 k € | +222% | 85,7 k € | -65.7% | 249,6 k € | -8.8% | 273,6 k € | +172% | 100,6 k € | -48.1% | 193,7 k € | +1673% | 10,9 k € | -81.3% | 58,6 k € | +66.7% | 35,1 k € | -14.0% | 40,9 k € | +16.2% | 35,2 k € | -34.1% | 53,4 k € | +13.7% | 46,9 k € | +92.4% | 24,4 k € |
| Operating result | 88 k € | +11.2% | 79,1 k € | +64.3% | 48,2 k € | -47.1% | 91 k € | -21.4% | 115,7 k € | -35.4% | 179,1 k € | +37696% | -476,3 € | -100% | 203,4 k € | +43.2% | 142,1 k € | +470% | -38,4 k € | -169% | 55,6 k € | +371% | -20,5 k € | -176% | 27 k € | +880% | 2,8 k € | -66.4% | 8,2 k € | +238% | 2,4 k € | -82.5% | 13,8 k € | +141% | 5,8 k € | +137% | -15,5 k € |
| Net result | 51,6 k € | +35.1% | 38,2 k € | +55.5% | 24,5 k € | -57.4% | 57,7 k € | +6.1% | 54,4 k € | -61.0% | 139,5 k € | +941% | -16,6 k € | -112% | 140,6 k € | +46.9% | 95,7 k € | +295% | -49,1 k € | -198% | 50,2 k € | +333% | -21,5 k € | -187% | 24,6 k € | +3727% | -678,7 € | -121% | 3,3 k € | +189% | -3,7 k € | -157% | 6,5 k € | +434% | -1,9 k € | +88.5% | -16,9 k € |
| Balance sheet | |||||||||||||||||||||||||||||||||||||
| Equity | 2 M € | +2.6% | 2 M € | +92.7% | 1 M € | +2.5% | 987,7 k € | +6.2% | 930 k € | +6.2% | 875,7 k € | +18.9% | 736,2 k € | +143% | 302,8 k € | +86.7% | 162,2 k € | +144% | 66,5 k € | -42.5% | 115,6 k € | +76.7% | 65,4 k € | -24.7% | 86,9 k € | +39.5% | 62,3 k € | -1.1% | 63 k € | -54.4% | 138,1 k € | -2.6% | 141,8 k € | +4.8% | 135,3 k € | -1.4% | 137,3 k € |
| Total assets | 2,2 M € | +3.1% | 2,1 M € | +15.1% | 1,8 M € | -46.8% | 3,4 M € | +42.9% | 2,4 M € | +3.0% | 2,3 M € | -11.2% | 2,6 M € | +28.3% | 2,1 M € | -2.4% | 2,1 M € | -1.4% | 2,1 M € | -33.7% | 3,2 M € | +4656% | 67,7 k € | -51.7% | 140,1 k € | +0.0% | 140,1 k € | -16.4% | 167,5 k € | -40.3% | 280,7 k € | -21.6% | 358,1 k € | -17.5% | 434 k € | -0.5% | 436,4 k € |
| Cash | 41,4 k € | +795% | 4,6 k € | +4.4% | 4,4 k € | -88.0% | 36,9 k € | +102% | 18,3 k € | -85.4% | 125,1 k € | +256% | 35,1 k € | -93.6% | 550,7 k € | +103% | 271,2 k € | +7.2% | 252,9 k € | -73.9% | 967,5 k € | +27453% | 3,5 k € | -90.5% | 37,1 k € | +321% | 8,8 k € | +601% | 1,3 k € | -94.1% | 21,3 k € | +101% | 10,6 k € | +32.3% | 8 k € | -48.7% | 15,6 k € |
| Debts | 173,7 k € | +8.9% | 159,4 k € | -80.5% | 818,2 k € | -66.6% | 2,4 M € | +65.5% | 1,5 M € | +1.0% | 1,5 M € | -22.8% | 1,9 M € | +8.5% | 1,7 M € | -9.8% | 1,9 M € | -6.1% | 2,1 M € | -33.5% | 3,1 M € | +136965% | 2,3 k € | -95.7% | 53,2 k € | -31.6% | 77,8 k € | -25.6% | 104,5 k € | -26.7% | 142,6 k € | -34.1% | 216,3 k € | -27.6% | 298,7 k € | -0.1% | 299,1 k € |
| Other | |||||||||||||||||||||||||||||||||||||
| Workforce | 9,1 ETP | -6.2% | 9,7 ETP | +7.8% | 9,0 ETP | +87.5% | 4,8 ETP | +37.1% | 3,5 ETP | -27.1% | 4,8 ETP | +4.3% | 4,6 ETP | +7.0% | 4,3 ETP | 0.0% | 4,3 ETP | +16.2% | 3,7 ETP | +270% | 1,0 ETP | – | – | – | – | – | – | – | – | ||||||||
Estimate
Indicative valuation
As an indication, this company is worth
between 2,5 M€ and 5 M€
See the valuationGovernance
Board of directors
Seen on filing of 31/12/2025 · 3 active · 15 ended
Active mandates
Ended mandates
Karl Huts
EndedKarl Huts
EndedAnnick VAN DRIESSEN
EndedRob Kruitwagen
EndedAt this address
Other companies at this address
| Company | CBE no. |
|---|---|
Indaver Plastics2Chemicals● Active | 0770.489.311 |
T.H.V. INDAVER/CBR● Active | 0835.015.887 |
Warmtenetwerk Antwerpen Noord● Active | 0739.948.464 |
Financials
Annual accounts
Full financial information
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Type of account | Abridged model | Abridged model | Abridged model | Abridged model | Abridged model | Abridged 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 | 12/05/2026 | 24/04/2025 | 18/06/2024 | 02/05/2023 | 12/05/2022 | 04/05/2021 |
| General meeting | 21/04/2026 | 15/04/2025 | 14/06/2024 | 18/04/2023 | 19/04/2022 | 20/04/2021 |
| 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
Looking for more information about this company?
Try for 7 daysFilings
Annual accounts filings
20 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Abridged model | 31/12/2025 | 21/04/2026 | 12/05/2026 | Dutch | |
| Abridged model | 31/12/2024 | 15/04/2025 | 24/04/2025 | Dutch | |
| Abridged model | 31/12/2023 | 14/06/2024 | 18/06/2024 | Dutch | |
| Abridged model | 31/12/2022 | 18/04/2023 | 02/05/2023 | Dutch | |
| Abridged model | 31/12/2021 | 19/04/2022 | 12/05/2022 | Dutch | |
| Abridged model | 31/12/2020 | 20/04/2021 | 04/05/2021 | Dutch | |
| Abridged model | 31/12/2019 | 15/04/2020 | 28/05/2020 | Dutch | |
| Abridged model | 31/12/2018 | 17/04/2019 | 02/05/2019 | Dutch | |
| Full model | 31/12/2017 | 18/04/2018 | 18/05/2018 | Dutch | |
| Full model | 31/12/2016 | 19/04/2017 | 06/07/2017 | Dutch | |
| Full model | 31/12/2015 | 20/04/2016 | 02/08/2016 | Dutch | |
| Abridged model | 30/09/2014 | 22/12/2014 | 29/12/2014 | Dutch | |
| Abridged model | 30/09/2013 | 08/02/2014 | 13/02/2014 | Dutch | |
| Abridged model | 30/09/2012 | 09/02/2013 | 29/03/2013 | Dutch | |
| Abridged model | 30/09/2011 | 11/02/2012 | 22/05/2012 | Dutch | |
| Abridged model | 30/09/2010 | 12/02/2011 | 29/03/2011 | Dutch | |
| Abridged model | 30/09/2009 | 13/02/2010 | 25/03/2010 | Dutch | |
| Abridged model | 30/09/2008 | 14/02/2009 | 30/04/2009 | Dutch | |
| Abridged model | 30/09/2007 | 09/02/2008 | 22/04/2008 | Dutch | |
| Abridged model | 30/09/2006 | 10/02/2007 | 29/03/2007 | Dutch |
Valuation
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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Governance
Board of directors
Seen on filing of 31/12/2025 · 3 active · 15 ended
Active mandates
Ended mandates
Karl Huts
EndedKarl Huts
EndedAnnick VAN DRIESSEN
EndedRob Kruitwagen
EndedShareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
- Mandates29/06/2026ONTSLAGEN - BENOEMINGEN
- Mandates09/04/2026ONTSLAGEN - BENOEMINGEN
- Mandates05/03/2025ONTSLAGEN - BENOEMINGEN
- Other26/02/2025Beslissing van de Raad van Bestuur dd 22/01/2025 - Volmachtenprocedure
- Capital / shares02/12/2024KAPITAAL - AANDELEN
- Mandates29/08/2024ONTSLAGEN - BENOEMINGEN
- Mandates04/07/2024ONTSLAGEN - BENOEMINGEN
- Mandates10/06/2024ONTSLAGEN - BENOEMINGEN
Source: Belgian Official Gazette
Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 202551,6 k €↑
- 2024Annual accounts 202438,2 k €↑
- 2023Annual accounts 202324,5 k €↓
- 2022Annual accounts 202257,7 k €↑
- 2022Name changeIndaver Separation Technologics
- 2021Annual accounts 202154,4 k €↓
- 2021Name changeIndaver Separation Technologies NV
- 2020Annual accounts 2020139,5 k €↑
- 2019Annual accounts 2019-16,6 k €↓
- 2018Annual accounts 2018140,6 k €↑
- 2017Annual accounts 201795,7 k €↑
- 2016Annual accounts 2016-49,1 k €↓
- 2015Annual accounts 201550,2 k €↑
- 2014Annual accounts 2014-21,5 k €↓
- 2013Annual accounts 201324,6 k €↑
- 2012Annual accounts 2012-678,7 €↓
- 2011Annual accounts 20113,3 k €↑
- 2010Annual accounts 2010-3,7 k €↓
- 2009Annual accounts 20096,5 k €↑
- 2008Annual accounts 2008-1,9 k €↑
- 2007Annual accounts 2007-16,9 k €
- 25/03/1995IncorporationPublic limited company