ACTIVE

BENDEC

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Financial year 2025 · closed on 31/12/2025

Net result

552,1 k €

+20.4% YoY

Gross margin

4,3 M €

+2.0% YoY

Equity

4,3 M €

-6.4% YoY

Workforce

32,2 ETP

-2.1% YoY

What does BENDEC do?

BENDEC is a Private limited company incorporated in 1995. Its registered office is in Hechtel-Eksel. It employs on average 32,2 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0454.950.487

Incorporation

30/03/1995

Legal form

Private limited company

Registered office

Oude Heerstraat 11
3940 Hechtel-Eksel · FlandreSee on map

Contributed capital

40 000,00 €

Latest accounts

31/12/2025

Average workforce

32,2 ETP

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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✦ Verdict · Analyst summary

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	4,3 M €	+2.0%	4,2 M €	-1.6%	4,2 M €	+1.5%	4,2 M €	-38.2%	6,8 M €	+91.4%	3,5 M €	+7.5%	3,3 M €	+27.7%	2,6 M €	-10.9%	2,9 M €	+24.7%	2,3 M €	+14.7%	2 M €	+13.1%	1,8 M €	+3.7%	1,7 M €	+15.3%	1,5 M €	+22.1%	1,2 M €	+13.5%	1,1 M €	+15.7%	931,7 k €	-0.2%	933,3 k €	+17.0%	797,7 k €
EBITDA	2 M €	+7.1%	1,9 M €	-5.9%	2 M €	+0.3%	2 M €	-29.2%	2,8 M €	+76.4%	1,6 M €	-7.5%	1,7 M €	+57.6%	1,1 M €	-31.2%	1,6 M €	+44.7%	1,1 M €	+49.3%	734,2 k €	+18.9%	617,6 k €	-1.7%	628,6 k €	+9.7%	572,9 k €	+8.6%	527,6 k €	+56.7%	336,8 k €	+9.0%	309,1 k €	-0.3%	310,1 k €	-9.9%	344 k €
Operating result	882,4 k €	+12.2%	786,3 k €	-2.8%	809,1 k €	-10.2%	901 k €	-56.0%	2 M €	+147%	829,6 k €	-18.3%	1 M €	+96.1%	518,1 k €	-45.6%	952,7 k €	+46.0%	652,7 k €	+132%	281,5 k €	+78.9%	157,3 k €	+15.6%	136,1 k €	-16.3%	162,6 k €	+42.9%	113,8 k €	-19.9%	142 k €	+17.6%	120,7 k €	+24.3%	97,1 k €	-11.3%	109,5 k €
Net result	552,1 k €	+20.4%	458,6 k €	-0.1%	458,9 k €	-24.2%	605 k €	-59.9%	1,5 M €	+221%	469,7 k €	-23.6%	614,9 k €	+149%	246,7 k €	-54.6%	543,8 k €	+57.4%	345,6 k €	+174%	126,3 k €	+149%	50,8 k €	+71.7%	29,6 k €	-59.5%	73 k €	+54.5%	47,3 k €	-28.8%	66,3 k €	+28.4%	51,7 k €	+53.4%	33,7 k €	-24.1%	44,4 k €
Balance sheet
Equity	4,3 M €	-6.4%	4,6 M €	+4.8%	4,4 M €	-1.9%	4,5 M €	+6.1%	4,2 M €	+49.0%	2,8 M €	+20.0%	2,4 M €	+35.4%	1,7 M €	+7.4%	1,6 M €	+50.6%	1,1 M €	+47.4%	729,2 k €	+21.0%	602,8 k €	+9.2%	552,1 k €	+5.7%	522,5 k €	+16.2%	449,5 k €	+61.1%	278,9 k €	+31.2%	212,6 k €	+32.1%	160,9 k €	+26.5%	127,2 k €
Total assets	8,3 M €	-2.7%	8,5 M €	-1.3%	8,6 M €	-10.1%	9,6 M €	+6.0%	9,1 M €	+66.2%	5,5 M €	+9.8%	5 M €	-21.8%	6,4 M €	+28.7%	4,9 M €	+46.7%	3,4 M €	+3.1%	3,3 M €	-4.9%	3,4 M €	-1.4%	3,5 M €	-2.1%	3,6 M €	+8.4%	3,3 M €	+161%	1,3 M €	+10.1%	1,1 M €	-12.6%	1,3 M €	-3.1%	1,3 M €
Cash	1,4 M €	+18.7%	1,2 M €	-13.4%	1,4 M €	-13.0%	1,6 M €	+9.1%	1,5 M €	+36.0%	1,1 M €	+69.7%	640,8 k €	-18.7%	788,1 k €	+16.8%	674,6 k €	-2.7%	693,5 k €	+63.9%	423,2 k €	-11.0%	475,4 k €	-7.3%	513,1 k €	+4.6%	490,5 k €	+21.4%	404,2 k €	+25.1%	323,1 k €	+160%	124 k €	+24.8%	99,4 k €	-22.8%	128,7 k €
Debts	3,8 M €	+1.6%	3,7 M €	-10.2%	4,2 M €	-19.1%	5,1 M €	+5.8%	4,9 M €	+84.8%	2,6 M €	+0.6%	2,6 M €	-43.3%	4,6 M €	+39.0%	3,3 M €	+44.8%	2,3 M €	-9.7%	2,5 M €	-10.4%	2,8 M €	-3.4%	2,9 M €	-3.4%	3 M €	+7.1%	2,8 M €	+189%	980,9 k €	+5.3%	931,9 k €	-18.8%	1,1 M €	-6.1%	1,2 M €
Other
Workforce	32,2 ETP	-2.1%	32,9 ETP	-8.1%	35,8 ETP	-6.8%	38,4 ETP	-3.0%	39,6 ETP	+9.7%	36,1 ETP	+12.8%	32,0 ETP	+2.9%	31,1 ETP	+10.7%	28,1 ETP	+13.3%	24,8 ETP	-1.6%	25,2 ETP	-1.2%	25,5 ETP	+8.5%	23,5 ETP	+8.3%	21,7 ETP	+30.7%	16,6 ETP	-1.2%	16,8 ETP	+11.3%	15,1 ETP	-5.6%	16,0 ETP	+26.0%	12,7 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 31/12/2025 · 1 active · 2 ended

Active mandates

Benny DE COSTER

Director

Active

Ended mandates

Miriam THEUWIS

Associate · since 01 mars 2020

Ended

Benny De Coster

Manager

Ended

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	01/04/2020	01/04/2019
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/03/2020
Length of the financial year	12 months	12 months	12 months	12 months	21 months	12 months
Filing date	31/08/2026	30/06/2025	27/06/2024	27/06/2023	31/08/2022	14/11/2020
General meeting	12/06/2026	13/06/2025	14/06/2024	09/06/2023	10/06/2022	25/09/2020
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
Abridged model	31/12/2025	12/06/2026	31/08/2026	Dutch	PDF
Abridged model	31/12/2024	13/06/2025	30/06/2025	Dutch	PDF
Abridged model	31/12/2023	14/06/2024	27/06/2024	Dutch	PDF
Abridged model	31/12/2022	09/06/2023	27/06/2023	Dutch	PDF
Abridged model	31/12/2021	10/06/2022	31/08/2022	Dutch	PDF
Abridged model	31/03/2020	25/09/2020	14/11/2020	Dutch	PDF
Abridged model	31/03/2019	27/09/2019	25/10/2019	Dutch	PDF
Abridged model	31/03/2018	28/09/2018	31/10/2018	Dutch	PDF
Abridged model	31/03/2017	22/09/2017	02/10/2017	Dutch	PDF
Abridged model	31/03/2016	30/09/2016	04/10/2016	Dutch	PDF
Abridged model	31/03/2015	25/09/2015	09/11/2015	Dutch	PDF
Abridged model	31/03/2014	26/09/2014	29/09/2014	Dutch	PDF
Abridged model	31/03/2013	27/09/2013	12/11/2013	Dutch	PDF
Abridged model	31/03/2012	28/09/2012	25/10/2012	Dutch	PDF
Abridged model	31/03/2011	30/09/2011	19/10/2011	Dutch	PDF
Abridged model	31/03/2010	24/09/2010	19/10/2010	Dutch	PDF
Abridged model	31/03/2009	25/09/2009	05/10/2009	Dutch	PDF
Abridged model	31/03/2008	26/09/2008	30/09/2008	Dutch	PDF
Abridged model	31/03/2007	28/09/2007	01/10/2007	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 31/12/2025 · 1 active · 2 ended

Active mandates

Benny DE COSTER

Director

Active

Ended mandates

Miriam THEUWIS

Associate · since 01 mars 2020

Ended

Benny De Coster

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Other01/03/2021
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ALGEMENE VERGADERING - BOEKJAAR
PDF
Capital / shares09/01/2018
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Capital / shares21/09/2010
KAPITAAL - AANDELEN
PDF
Other15/02/2005
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
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 2025552,1 k €↑
2024
Annual accounts 2024458,6 k €↓
2023
Annual accounts 2023458,9 k €↓
2022
Annual accounts 2022605 k €↓
2021
Annual accounts 20211,5 M €↑
2020
Annual accounts 2020469,7 k €↓
2019
Annual accounts 2019614,9 k €↑
2018
Annual accounts 2018246,7 k €↓
2017
Annual accounts 2017543,8 k €↑
2016
Annual accounts 2016345,6 k €↑
2015
Annual accounts 2015126,3 k €↑
2014
Annual accounts 201450,8 k €↑
2013
Annual accounts 201329,6 k €↓
2012
Annual accounts 201273 k €↑
2011
Annual accounts 201147,3 k €↓
2010
Annual accounts 201066,3 k €↑
2009
Annual accounts 200951,7 k €↑
2008
Annual accounts 200833,7 k €↓
2007
Annual accounts 200744,4 k €
30/03/1995
IncorporationPrivate 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

BENDEC

Overview

What does BENDEC do?

Trend over 19 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