ACTIVE

CONDUCT

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Financial year 2025 · closed on 30/09/2025

Net result

29,9 k €

+33.4% YoY

Gross margin

79,9 k €

+6.1% YoY

Equity

165,9 k €

-58.6% YoY

Workforce

0,0 ETP

What does CONDUCT do?

CONDUCT is a Private limited company incorporated in 1997. Its main activity is: Management consultancy activities. Its registered office is in Oosterzele.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0460.059.617

Incorporation

26/02/1997

Legal form

Private limited company

Registered office

Windekekouter 68
9860 Oosterzele · FlandreSee on map

Contributed capital

38 000,00 €

Latest accounts

30/09/2025

Average workforce

0,0 ETP

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 74142Specialised design activities

Signals

ProfitablePositive cashflowPositive EBITDA

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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	79,9 k €	+6.1%	75,3 k €	-47.4%	143 k €	-42.8%	250,3 k €	+29.4%	193,4 k €	-0.6%	194,6 k €	+27.7%	152,3 k €	+50.1%	101,5 k €	-8.7%	111,1 k €	+29.4%	85,8 k €	-29.6%	122 k €	+34.5%	90,7 k €	-3.6%	94,1 k €	-4.0%	98 k €	+97.9%	49,5 k €	-28.7%	69,4 k €	+45.1%	47,8 k €	-66.1%	141 k €	+49.4%	94,4 k €	+24.2%	76 k €
EBITDA	76,4 k €	+6.6%	71,6 k €	-47.9%	137,3 k €	-43.9%	244,9 k €	+30.1%	188,3 k €	-1.6%	191,3 k €	+28.2%	149,2 k €	+58.0%	94,4 k €	-9.3%	104,2 k €	+26.0%	82,7 k €	-27.2%	113,5 k €	+30.5%	86,9 k €	-4.1%	90,6 k €	+10.7%	81,9 k €	+82.4%	44,9 k €	-31.9%	65,9 k €	+55.7%	42,3 k €	-69.1%	137,2 k €	+51.9%	90,3 k €	+24.4%	72,6 k €
Operating result	52,8 k €	+8.8%	48,5 k €	-55.9%	110,1 k €	-49.9%	219,7 k €	+34.0%	163,9 k €	+4.5%	156,9 k €	+37.5%	114,2 k €	+82.3%	62,6 k €	-20.8%	79 k €	+85.1%	42,7 k €	-46.7%	80,1 k €	+59.2%	50,3 k €	-2.1%	51,4 k €	+29.9%	39,6 k €	+239%	11,7 k €	-64.2%	32,6 k €	+591%	4,7 k €	-95.4%	101,8 k €	+73.1%	58,8 k €	+29.6%	45,4 k €
Net result	29,9 k €	+33.4%	22,4 k €	-63.9%	62,2 k €	-58.1%	148,5 k €	+32.3%	112,3 k €	+4.2%	107,8 k €	+79.9%	59,9 k €	+290%	15,3 k €	-43.4%	27,1 k €	+1915%	1,3 k €	-94.9%	26,3 k €	+843%	2,8 k €	-39.9%	4,6 k €	+119%	-24,5 k €	-62.9%	-15,1 k €	-378%	-3,2 k €	+70.7%	-10,8 k €	-114%	79,1 k €	+606%	-15,6 k €	-160%	26 k €
Balance sheet
Equity	165,9 k €	-58.6%	400,8 k €	-1.8%	408,1 k €	+14.1%	357,6 k €	+52.8%	234,1 k €	-9.1%	257,4 k €	+28.9%	199,6 k €	+42.9%	139,7 k €	+12.3%	124,4 k €	+27.9%	97,2 k €	+1.4%	95,9 k €	+37.7%	69,6 k €	+4.2%	66,8 k €	+7.5%	62,2 k €	-28.3%	86,7 k €	-14.8%	101,8 k €	-3.0%	104,9 k €	+39.1%	75,4 k €	+2128%	-3,7 k €	-131%	11,9 k €
Total assets	608,2 k €	-2.9%	626,4 k €	-2.3%	640,9 k €	-10.9%	719,3 k €	+8.3%	663,9 k €	-13.9%	771,3 k €	-12.3%	879,4 k €	-0.6%	884,4 k €	+13.9%	776,4 k €	-4.7%	814,5 k €	+7.1%	760,5 k €	-7.1%	818,3 k €	+5.6%	774,6 k €	-3.9%	805,7 k €	+55.3%	518,7 k €	-23.5%	678,4 k €	-1.7%	689,8 k €	+6.7%	646,5 k €	+7.6%	600,7 k €	-1.5%	610 k €
Cash	85,3 k €	+84.9%	46,1 k €	+58.5%	29,1 k €	-66.0%	85,6 k €	+795%	9,6 k €	+170%	3,5 k €	-19.2%	4,4 k €	+653%	582,6 €	+58.3%	368 €	-92.0%	4,6 k €	+412%	895,5 €	-15.0%	1,1 k €	-1.0%	1,1 k €	-65.0%	3 k €	+5061550%	0,1 €	0.0%	0,1 €		–		–		1,1 k €	+448%	203 €
Debts	441,9 k €	+96.3%	225,1 k €	-2.9%	231,8 k €	-35.8%	360,9 k €	-15.9%	429 k €	-16.4%	513 k €	-24.4%	678,9 k €	-8.7%	743,5 k €	+14.2%	651,2 k €	-9.1%	716,3 k €	+8.1%	662,7 k €	-11.3%	747,2 k €	+5.9%	705,6 k €	-5.0%	742,6 k €	+74.2%	426,3 k €	-25.1%	569,2 k €	-1.7%	578,8 k €	+1.8%	568,5 k €	-5.8%	603,6 k €	+0.9%	598,1 k €
Other
Workforce	0,0 ETP		0,0 ETP		0,0 ETP		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–

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 30/09/2025 · 4 active · 13 ended

Active mandates

Emmanuel Demyttenaere

Director

Active

Filip Demyttenaere

Director

Active

Laurens Demyttenaere

Director

Active

Michèle Moerman

Director

Active

Ended mandates

Laurens DEMYTTENAERE

Director · since 31 mai 2017

Ended

Laurens DEMYTTENAERE

Manager · since 31 mai 2017

Ended

Emmanuel DEMYTTENAERE

Director · since 01 avril 2014

Ended

Emmanuel DEMYTTENAERE

Manager · since 01 avril 2014

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	01/10/2024	01/10/2023	01/10/2022	01/10/2021	01/10/2020	01/10/2019
Closing of the financial year	30/09/2025	30/09/2024	30/09/2023	30/09/2022	30/09/2021	30/09/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	03/12/2025	05/12/2024	17/04/2024	13/03/2023	14/04/2022	26/05/2021
General meeting	02/12/2025	04/12/2024	16/04/2024	11/03/2023	12/04/2022	25/05/2021
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	30/09/2025	02/12/2025	03/12/2025	Dutch	PDF
Abridged model	30/09/2024	04/12/2024	05/12/2024	Dutch	PDF
Abridged model	30/09/2023	16/04/2024	17/04/2024	Dutch	PDF
Abridged model	30/09/2022	11/03/2023	13/03/2023	Dutch	PDF
Abridged model	30/09/2021	12/04/2022	14/04/2022	Dutch	PDF
Abridged model	30/09/2020	25/05/2021	26/05/2021	Dutch	PDF
Abridged model	30/09/2019	17/03/2020	28/04/2020	Dutch	PDF
Abridged model	30/09/2018	17/03/2019	15/04/2019	Dutch	PDF
Abridged model	30/09/2017	17/03/2018	30/03/2018	Dutch	PDF
Abridged model	30/09/2016	17/03/2017	23/03/2017	Dutch	PDF
Abridged model	30/09/2015	17/03/2016	13/04/2016	Dutch	PDF
Abridged model	30/09/2014	17/03/2015	10/04/2015	Dutch	PDF
Abridged model	30/09/2013	17/03/2014	28/03/2014	Dutch	PDF
Abridged model	30/09/2012	18/03/2013	28/03/2013	Dutch	PDF
Abridged model	30/09/2011	17/03/2012	29/03/2012	Dutch	PDF
Abridged model	30/09/2010	17/03/2011	31/03/2011	Dutch	PDF
Abridged model	30/09/2009	17/03/2010	29/03/2010	Dutch	PDF
Abridged model	30/09/2008	17/03/2009	30/03/2009	Dutch	PDF
Abridged model	30/09/2007	17/03/2008	28/03/2008	Dutch	PDF
Abridged model	30/09/2006	17/03/2007	25/04/2007	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 30/09/2025 · 4 active · 13 ended

Active mandates

Emmanuel Demyttenaere

Director

Active

Filip Demyttenaere

Director

Active

Laurens Demyttenaere

Director

Active

Michèle Moerman

Director

Active

Ended mandates

Laurens DEMYTTENAERE

Director · since 31 mai 2017

Ended

Laurens DEMYTTENAERE

Manager · since 31 mai 2017

Ended

Emmanuel DEMYTTENAERE

Director · since 01 avril 2014

Ended

Emmanuel DEMYTTENAERE

Manager · since 01 avril 2014

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates22/10/2020
WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Mandates10/07/2017
ONTSLAGEN - BENOEMINGEN
PDF
Mandates17/06/2014
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares12/02/2009
KAPITAAL - AANDELEN
PDF
Registered office18/10/2002
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 202529,9 k €↑
2024
Annual accounts 202422,4 k €↓
2023
Annual accounts 202362,2 k €↓
2022
Annual accounts 2022148,5 k €↑
2021
Annual accounts 2021112,3 k €↑
2020
Annual accounts 2020107,8 k €↑
2019
Annual accounts 201959,9 k €↑
2018
Annual accounts 201815,3 k €↓
2017
Annual accounts 201727,1 k €↑
2016
Annual accounts 20161,3 k €↓
2015
Annual accounts 201526,3 k €↑
2014
Annual accounts 20142,8 k €↓
2013
Annual accounts 20134,6 k €↑
2012
Annual accounts 2012-24,5 k €↓
2011
Annual accounts 2011-15,1 k €↓
2010
Annual accounts 2010-3,2 k €↑
2009
Annual accounts 2009-10,8 k €↓
2008
Annual accounts 200879,1 k €↑
2007
Annual accounts 2007-15,6 k €↓
2006
Annual accounts 200626 k €
26/02/1997
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

CONDUCT

Overview

What does CONDUCT do?

Trend over 20 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