ACTIVE

INELCO

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Financial year 2025 · closed on 31/12/2025

Net result

24,6 k €

-71.0% YoY

Gross margin

77,1 k €

-46.7% YoY

Equity

475,5 k €

+5.5% YoY

What does INELCO do?

INELCO is a Public limited company incorporated in 1995. Its registered office is in Mol.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0454.719.469

Incorporation

10/03/1995

Legal form

Public limited company

Registered office

Kasteeldreef 33 box A
2400 Mol · FlandreSee on map

Contributed capital

212 000,00 €

Latest accounts

31/12/2025

Signals

ProfitablePositive cashflowPositive EBITDA

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
Gross margin	77,1 k €	-46.7%	144,7 k €	+58.7%	91,2 k €	+6.5%	85,6 k €	-7.3%	92,4 k €	+17.0%	79 k €	-7.5%	85,4 k €	-3.8%	88,8 k €	+4.2%	85,2 k €	+1.7%	83,7 k €	+4.0%	80,5 k €	-0.9%	81,2 k €	-0.8%	81,9 k €	+0.5%	81,4 k €	+5.3%	77,4 k €	+2.4%	75,6 k €	+3.7%	72,9 k €	+0.4%	72,6 k €	+2.7%	70,7 k €	+6.1%	66,7 k €
EBITDA	64,4 k €	-51.3%	132,1 k €	+66.2%	79,5 k €	+6.8%	74,4 k €	-9.9%	82,6 k €	+80.3%	45,8 k €	-37.7%	73,6 k €	+0.3%	73,4 k €	-6.9%	78,8 k €	+3.3%	76,3 k €	+1.2%	75,4 k €	+2.1%	73,8 k €	-1.1%	74,7 k €	-2.0%	76,2 k €	+5.4%	72,3 k €	+2.4%	70,6 k €	+3.6%	68,1 k €	+0.2%	68 k €	+2.7%	66,2 k €	+6.4%	62,3 k €
Operating result	33,4 k €	-67.2%	101,7 k €	+145%	41,6 k €	+14.5%	36,3 k €	-9.5%	40,1 k €	+722%	4,9 k €	-73.2%	18,3 k €	+18.2%	15,5 k €	-29.7%	22 k €	+0.3%	21,9 k €	+4.1%	21,1 k €	-21.4%	26,8 k €	-6.2%	28,6 k €	-5.1%	30,1 k €	+9.7%	27,4 k €	-1.0%	27,7 k €	-27.8%	38,4 k €	+0.3%	38,3 k €	+4.9%	36,5 k €	+12.2%	32,5 k €
Net result	24,6 k €	-71.0%	84,8 k €	+133%	36,4 k €	+53.4%	23,8 k €	+8.0%	22 k €	+431%	-6,6 k €	-492%	1,7 k €	+503%	-421,2 €	-118%	2,3 k €	-41.8%	4 k €	+7.8%	3,7 k €	-58.9%	9 k €	-11.1%	10,1 k €	-13.8%	11,7 k €	+40.7%	8,3 k €	+181%	3 k €	-64.7%	8,4 k €	+53.5%	5,5 k €	+13.3%	4,8 k €	+224%	-3,9 k €
Balance sheet
Equity	475,5 k €	+5.5%	450,9 k €	+23.2%	366,1 k €	+11.1%	329,6 k €	+7.8%	305,9 k €	+7.7%	283,9 k €	-2.3%	290,6 k €	+0.6%	288,9 k €	-0.1%	289,3 k €	+0.8%	287 k €	+1.4%	283 k €	+1.3%	279,3 k €	+3.3%	270,3 k €	+3.9%	260,2 k €	+4.7%	248,4 k €	+3.5%	240,1 k €	+1.3%	237,1 k €	+3.7%	228,8 k €	+2.4%	223,3 k €	+2.2%	218,5 k €
Total assets	2 M €	-10.7%	2,2 M €	-1.5%	2,3 M €	+3.5%	2,2 M €	-1.5%	2,2 M €	+32.7%	1,7 M €	+31.4%	1,3 M €	-1.2%	1,3 M €	+0.2%	1,3 M €	-0.1%	1,3 M €	-0.6%	1,3 M €	+2.6%	1,3 M €	-3.0%	1,3 M €	+43.5%	906,5 k €	+0.6%	901,2 k €	-2.4%	923,5 k €	+30.8%	705,9 k €	-3.3%	730,2 k €	-4.3%	763 k €	-3.8%	793,1 k €
Cash	46,2 k €	-84.5%	298,5 k €	+133%	128,3 k €	+26.2%	101,6 k €	-56.2%	231,8 k €	+139%	97 k €	+35.9%	71,4 k €	+74.3%	40,9 k €	-32.8%	60,9 k €	-1.9%	62,1 k €	+288%	16 k €	+49.3%	10,7 k €	-6.6%	11,5 k €	+9.8%	10,4 k €	-34.1%	15,8 k €	+22.6%	12,9 k €	+88.6%	6,8 k €	+402%	1,4 k €	-69.4%	4,5 k €	-8.4%	4,9 k €
Debts	1,5 M €	-14.9%	1,8 M €	-6.3%	1,9 M €	+2.1%	1,9 M €	-3.0%	1,9 M €	+37.8%	1,4 M €	+41.8%	979,7 k €	-1.6%	995,5 k €	+0.3%	992,3 k €	-0.2%	994,7 k €	-1.1%	1 M €	+2.5%	981,7 k €	-4.7%	1 M €	+59.5%	645,7 k €	-1.1%	652,7 k €	-4.5%	683,3 k €	+45.8%	468,8 k €	-6.5%	501,4 k €	-7.1%	539,7 k €	-6.1%	574,6 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 23 ended

Active mandates

Diana Leyman

Director · since 06 mai 2025

Active

Elke Willems

Director · since 06 mai 2025

Active

Ineke Willems

Director · since 06 mai 2025

Active

Marc Willems

Director · since 06 mai 2025

Active

Ended mandates

Diana Leyman

Director · since 06 mai 2025 · until 06 mai 2031

Ended

EDM Consult

Director · since 06 mai 2025 · until 06 mai 2031 · 0533.852.663

Represented by Marc Willems

Ended

Marc Willems

Director · since 06 mai 2025 · until 06 mai 2031

Ended

Diana Leyman

Director · since 09 mai 2019

Ended

At this address

Other companies at this address

Company	CBE no.
EDM Consult● Active	0533.852.663
Montignano● Active	0758.626.310

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	22/07/2026	26/06/2025	22/07/2024	18/07/2023	16/06/2022	28/07/2021
General meeting	05/05/2026	06/05/2025	07/05/2024	02/05/2023	03/05/2022	04/05/2021
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
Abridged model	31/12/2025	05/05/2026	22/07/2026	Dutch	PDF
Abridged model	31/12/2024	06/05/2025	26/06/2025	Dutch	PDF
Abridged model	31/12/2023	07/05/2024	22/07/2024	Dutch	PDF
Abridged model	31/12/2022	02/05/2023	18/07/2023	Dutch	PDF
Abridged model	31/12/2021	03/05/2022	16/06/2022	Dutch	PDF
Abridged model	31/12/2020	04/05/2021	28/07/2021	Dutch	PDF
Abridged model	31/12/2019	05/05/2020	24/06/2020	Dutch	PDF
Abridged model	31/12/2018	07/05/2019	17/07/2019	Dutch	PDF
Abridged model	31/12/2017	02/05/2018	25/06/2018	Dutch	PDF
Abridged model	31/12/2016	02/05/2017	28/07/2017	Dutch	PDF
Abridged model	31/12/2015	03/05/2016	23/06/2016	Dutch	PDF
Abridged model	31/12/2014	05/05/2015	23/07/2015	Dutch	PDF
Abridged model	31/12/2013	06/05/2014	01/07/2014	Dutch	PDF
Abridged model	31/12/2012	07/05/2013	28/06/2013	Dutch	PDF
Abridged model	31/12/2011	02/05/2012	18/07/2012	Dutch	PDF
Abridged model	31/12/2010	03/05/2011	14/06/2011	Dutch	PDF
Abridged model	31/12/2009	04/05/2010	29/06/2010	Dutch	PDF
Abridged model	31/12/2008	05/05/2009	22/05/2009	Dutch	PDF
Abridged model	31/12/2007	06/05/2008	23/06/2008	Dutch	PDF
Abridged model	31/12/2006	02/05/2007	23/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 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 · 4 active · 23 ended

Active mandates

Diana Leyman

Director · since 06 mai 2025

Active

Elke Willems

Director · since 06 mai 2025

Active

Ineke Willems

Director · since 06 mai 2025

Active

Marc Willems

Director · since 06 mai 2025

Active

Ended mandates

Diana Leyman

Director · since 06 mai 2025 · until 06 mai 2031

Ended

EDM Consult

Director · since 06 mai 2025 · until 06 mai 2031 · 0533.852.663

Represented by Marc Willems

Ended

Marc Willems

Director · since 06 mai 2025 · until 06 mai 2031

Ended

Diana Leyman

Director · since 09 mai 2019

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Other19/12/2025
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates14/07/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates22/05/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates05/07/2013
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares23/01/2012
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates25/07/2008
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares23/01/2006
ALGEMENE VERGADERING - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Registered office20/02/2003
MAATSCHAPPELIJKE ZETEL
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 202524,6 k €↓
2024
Annual accounts 202484,8 k €↑
2023
Annual accounts 202336,4 k €↑
2022
Annual accounts 202223,8 k €↑
2021
Annual accounts 202122 k €↑
2020
Annual accounts 2020-6,6 k €↓
2019
Annual accounts 20191,7 k €↑
2018
Annual accounts 2018-421,2 €↓
2017
Annual accounts 20172,3 k €↓
2016
Annual accounts 20164 k €↑
2015
Annual accounts 20153,7 k €↓
2014
Annual accounts 20149 k €↓
2013
Annual accounts 201310,1 k €↓
2012
Annual accounts 201211,7 k €↑
2011
Annual accounts 20118,3 k €↑
2010
Annual accounts 20103 k €↓
2009
Annual accounts 20098,4 k €↑
2008
Annual accounts 20085,5 k €↑
2007
Annual accounts 20074,8 k €↑
2006
Annual accounts 2006-3,9 k €
10/03/1995
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

INELCO

Overview

What does INELCO 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