ACTIVE

INOTEC

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Financial year 2025 · closed on 31/12/2025

Net result

1,2 M €

-17.9% YoY

Gross margin

1,9 M €

-12.8% YoY

Equity

13,7 M €

+9.6% YoY

Workforce

5,3 ETP

-5.4% YoY

What does INOTEC do?

INOTEC is a Private limited company incorporated in 1997. Its main activity is: Manufacture of lifting and handling equipment. Its registered office is in Houthulst. It employs on average 5,3 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0462.030.992

Incorporation

04/12/1997

Legal form

Private limited company

Registered office

Stationsstraat 48A
8650 Houthulst · FlandreSee on map

Contributed capital

61 973,00 €

Latest accounts

31/12/2025

Average workforce

5,3 ETP

Activities (NACE)

28220Manufacture of lifting and handling equipment· main 28220Manufacture of lifting and handling equipment 28930Manufacture of machinery for food, beverage and tobacco processing 28930Manufacture of machinery for food, beverage and tobacco processing 29220Manufacture of bodies (coachwork) for motor vehicles; manufacture of trailers and semi-trailers 29530Manufacture of motor vehicles, trailers and semi-trailers+9

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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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	1,9 M €	-12.8%	2,2 M €	+3.1%	2,1 M €	+10.5%	1,9 M €	-13.7%	2,2 M €	+166%	843,2 k €	-44.6%	1,5 M €	-9.1%	1,7 M €	+20.9%	1,4 M €	-27.2%	1,9 M €	+9.9%	1,7 M €	+18.2%	1,5 M €	+21.0%	1,2 M €	+59.2%	760,5 k €	-4.3%	794,9 k €	+18.9%	668,8 k €	+10.4%	605,8 k €	+30.1%	465,6 k €	-15.1%	548,4 k €	+31.3%	417,8 k €
EBITDA	1,6 M €	-16.0%	1,9 M €	+9.6%	1,7 M €	+5.7%	1,6 M €	-12.3%	1,8 M €	+258%	511,5 k €	-54.5%	1,1 M €	-17.4%	1,4 M €	+18.6%	1,1 M €	-30.8%	1,7 M €	+16.2%	1,4 M €	+28.6%	1,1 M €	+14.9%	965,9 k €	+71.9%	561,8 k €	-1.3%	569,2 k €	+25.7%	452,8 k €	+0.8%	449,4 k €	+39.9%	321,3 k €	-15.4%	379,7 k €	+43.6%	264,5 k €
Operating result	1,2 M €	-18.7%	1,5 M €	+19.6%	1,3 M €	-0.8%	1,3 M €	-11.7%	1,5 M €	+726%	176,8 k €	-77.1%	771,7 k €	-27.4%	1,1 M €	+29.5%	821 k €	-39.8%	1,4 M €	+12.2%	1,2 M €	+39.2%	872,7 k €	+23.8%	705,1 k €	+149%	283,1 k €	+78.5%	158,5 k €	-37.3%	252,8 k €	-0.2%	253,4 k €	+42.5%	177,8 k €	-10.1%	197,7 k €	+49.8%	132 k €
Net result	1,2 M €	-17.9%	1,5 M €	+26.2%	1,2 M €	-3.0%	1,2 M €	-3.0%	1,2 M €	+619%	171,3 k €	-73.6%	649 k €	-30.6%	935,1 k €	+43.5%	651,8 k €	-45.3%	1,2 M €	+20.6%	987,9 k €	+26.9%	778,2 k €	+18.9%	654,5 k €	+186%	229,2 k €	+43.7%	159,5 k €	-28.8%	223,9 k €	+1.7%	220,1 k €	+37.3%	160,3 k €	+1.3%	158,2 k €	+47.5%	107,3 k €
Balance sheet
Equity	13,7 M €	+9.6%	12,5 M €	+8.5%	11,5 M €	+11.1%	10,4 M €	+13.0%	9,2 M €	+15.4%	8 M €	+2.2%	7,8 M €	+9.0%	7,1 M €	+14.9%	6,2 M €	+11.7%	5,6 M €	+27.2%	4,4 M €	+29.2%	3,4 M €	+29.8%	2,6 M €	+33.5%	2 M €	+13.3%	1,7 M €	+10.2%	1,6 M €	+16.7%	1,3 M €	+19.6%	1,1 M €	+16.7%	962,2 k €	+19.7%	804 k €
Total assets	14,3 M €	+8.1%	13,3 M €	+7.8%	12,3 M €	+5.5%	11,7 M €	+16.8%	10 M €	+10.0%	9,1 M €	-2.6%	9,3 M €	+23.2%	7,6 M €	+12.6%	6,7 M €	+8.6%	6,2 M €	+17.9%	5,2 M €	+28.9%	4,1 M €	+7.3%	3,8 M €	+15.0%	3,3 M €	+10.8%	3 M €	-5.3%	3,1 M €	+28.2%	2,4 M €	+26.1%	1,9 M €	-18.7%	2,4 M €	+48.4%	1,6 M €
Cash	464,8 k €	-14.8%	545,7 k €	-37.9%	879,3 k €	-67.9%	2,7 M €	-32.9%	4,1 M €	-25.2%	5,5 M €	+14.3%	4,8 M €	+2.6%	4,7 M €	+14.5%	4,1 M €	+7.8%	3,8 M €	+35.7%	2,8 M €	+84.9%	1,5 M €	-17.1%	1,8 M €	+86.9%	971,7 k €	-5.9%	1 M €	-11.3%	1,2 M €	+49.3%	779,6 k €	-12.3%	889 k €	-31.9%	1,3 M €	+141%	542,9 k €
Debts	614,8 k €	-16.3%	735 k €	-1.5%	746,4 k €	-41.0%	1,3 M €	+61.9%	781 k €	-28.2%	1,1 M €	-27.6%	1,5 M €	+287%	388,3 k €	-9.9%	430,8 k €	-26.5%	586,2 k €	-30.8%	846,5 k €	+34.0%	631,8 k €	-46.1%	1,2 M €	-12.0%	1,3 M €	+8.4%	1,2 M €	-4.2%	1,3 M €	+15.9%	1,1 M €	+35.1%	819,5 k €	-42.4%	1,4 M €	+79.2%	793,2 k €
Other
Workforce	5,3 ETP	-5.4%	5,6 ETP	-3.4%	5,8 ETP	+13.7%	5,1 ETP	-21.5%	6,5 ETP	-11.0%	7,3 ETP	+37.7%	5,3 ETP	-5.4%	5,6 ETP	+43.6%	3,9 ETP	0.0%	3,9 ETP	+2.6%	3,8 ETP	-19.1%	4,7 ETP	+17.5%	4,0 ETP	+2.6%	3,9 ETP	-15.2%	4,6 ETP	+12.2%	4,1 ETP	+24.2%	3,3 ETP	0.0%	3,3 ETP	-19.5%	4,1 ETP	+5.1%	3,9 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 · 3 ended

Active mandates

KAREL DUBOIS

Director

Active

Ended mandates

JEROEN SIP

Manager · since 01 novembre 2009

Ended

KAREL DUBOIS

Manager · since 27 novembre 1997

Ended

KAREL DUBOIS

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
IAFP● Active	0500.659.065

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	01/04/2026	30/06/2025	19/07/2024	28/08/2023	27/07/2022	30/08/2021
General meeting	25/03/2026	24/06/2025	31/05/2024	26/05/2023	27/05/2022	28/05/2021
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	25/03/2026	01/04/2026	Dutch	PDF
Abridged model	31/12/2024	24/06/2025	30/06/2025	Dutch	PDF
Abridged model	31/12/2023	31/05/2024	19/07/2024	Dutch	PDF
Abridged model	31/12/2022	26/05/2023	28/08/2023	Dutch	PDF
Abridged model	31/12/2021	27/05/2022	27/07/2022	Dutch	PDF
Abridged model	31/12/2020	28/05/2021	30/08/2021	Dutch	PDF
Abridged model	31/12/2019	17/08/2020	18/09/2020	Dutch	PDF
Abridged model	31/12/2018	31/05/2019	29/07/2019	Dutch	PDF
Abridged model	31/12/2017	25/05/2018	24/07/2018	Dutch	PDF
Abridged model	31/12/2016	26/05/2017	07/07/2017	Dutch	PDF
Abridged model	31/12/2015	27/05/2016	29/07/2016	Dutch	PDF
Abridged model	31/12/2014	29/05/2015	10/07/2015	Dutch	PDF
Abridged model	31/12/2013	30/05/2014	12/06/2014	Dutch	PDF
Abridged model	31/12/2012	31/05/2013	28/06/2013	Dutch	PDF
Abridged model	31/12/2011	25/05/2012	16/07/2012	Dutch	PDF
Abridged model	31/12/2010	27/05/2011	06/07/2011	Dutch	PDF
Abridged model	31/12/2009	28/05/2010	23/06/2010	Dutch	PDF
Abridged model	31/12/2008	29/05/2009	25/06/2009	Dutch	PDF
Abridged model	31/12/2007	30/05/2008	25/06/2008	Dutch	PDF
Abridged model	31/12/2006	25/05/2007	08/06/2007	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 31/12/2025 · 1 active · 3 ended

Active mandates

KAREL DUBOIS

Director

Active

Ended mandates

JEROEN SIP

Manager · since 01 novembre 2009

Ended

KAREL DUBOIS

Manager · since 27 novembre 1997

Ended

KAREL DUBOIS

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates26/09/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates30/11/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - DIVERSEN - DOEL - ONTSLAGEN - BENOEMINGEN
PDF
Other23/12/2013
DOEL - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates20/07/2010
ONTSLAGEN - BENOEMINGEN
PDF
Mandates30/03/2010
ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/12/2009
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares14/10/2002
ALGEMENE VERGADERING - KAPITAAL - AANDELEN - 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 20251,2 M €↓
2024
Annual accounts 20241,5 M €↑
2023
Annual accounts 20231,2 M €↓
2022
Annual accounts 20221,2 M €↓
2021
Annual accounts 20211,2 M €↑
2020
Annual accounts 2020171,3 k €↓
2019
Annual accounts 2019649 k €↓
2018
Annual accounts 2018935,1 k €↑
2017
Annual accounts 2017651,8 k €↓
2016
Annual accounts 20161,2 M €↑
2015
Annual accounts 2015987,9 k €↑
2014
Annual accounts 2014778,2 k €↑
2013
Annual accounts 2013654,5 k €↑
2012
Annual accounts 2012229,2 k €↑
2011
Annual accounts 2011159,5 k €↓
2010
Annual accounts 2010223,9 k €↑
2009
Annual accounts 2009220,1 k €↑
2008
Annual accounts 2008160,3 k €↑
2007
Annual accounts 2007158,2 k €↑
2006
Annual accounts 2006107,3 k €
04/12/1997
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

INOTEC

Overview

What does INOTEC 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