ACTIVE

INNODE

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Financial year 2025 · closed on 30/06/2025

Net result

-72,7 k €

+77.5% YoY

Gross margin

236,2 k €

+88.9% YoY

Equity

3,8 M €

-33.9% YoY

What does INNODE do?

INNODE is a Public limited company incorporated in 1999. Its main activity is: Management consultancy activities. Its registered office is in Woluwe-Saint-Pierre.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0465.880.805

Incorporation

15/04/1999

Legal form

Public limited company

Registered office

Avenue des Cormorans 15
1150 Woluwe-Saint-Pierre · BruxellesSee on map

Contributed capital

3 277 250,20 €

Latest accounts

30/06/2025

Activities (NACE)

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

Signals

Solid equityLow riskPositive EBITDA

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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	236,2 k €	+88.9%	125 k €	+53.4%	81,5 k €	+0.3%	81,2 k €	-55.9%	184,3 k €	+2.4%	180 k €	+164%	68,1 k €	+180%	24,3 k €	-49.7%	48,4 k €	-0.1%	48,5 k €	+280%	12,8 k €	+1017%	-1,4 k €	-101%	98,3 k €	-42.6%	171,3 k €	-15.8%	203,4 k €	+836%	21,7 k €	+551%	-4,8 k €	-954%	565 €	+108%	-7,1 k €
EBITDA	234 k €	+89.9%	123,2 k €	+53.9%	80 k €	-0.3%	80,3 k €	-56.2%	183,3 k €	+2.3%	179,2 k €	+166%	67,3 k €	+186%	23,6 k €	-50.5%	47,6 k €	+1.9%	46,7 k €	+317%	11,2 k €	+481%	-2,9 k €	-103%	95,7 k €	-43.7%	169,9 k €	-15.2%	200,3 k €	+1011%	18 k €	+321%	-8,1 k €	-237%	-2,4 k €	+82.6%	-13,9 k €
Operating result	234 k €	+89.9%	123,2 k €	+53.9%	80 k €	-0.3%	80,3 k €	-55.5%	180,3 k €	+5.0%	171,8 k €	+191%	59 k €	+265%	16,2 k €	-59.8%	40,2 k €	+2.3%	39,3 k €	+251%	11,2 k €	+207%	-10,5 k €	-112%	88,1 k €	-48.1%	169,9 k €	-10.9%	190,5 k €	+2208%	8,3 k €	+146%	-17,9 k €	-35.3%	-13,2 k €	+46.4%	-24,7 k €
Net result	-72,7 k €	+77.5%	-323,1 k €	-887%	41,1 k €	+5.8%	38,8 k €	-67.0%	117,6 k €	-80.3%	595,7 k €	+1213%	45,4 k €	-71.1%	157 k €	+299%	39,3 k €	+1.1%	38,9 k €	-66.2%	114,9 k €	+107%	-1,7 M €	-2092%	87,4 k €	+26.2%	69,3 k €	-23.8%	90,8 k €	+313%	-42,6 k €	+73.0%	-157,6 k €	-41.2%	-111,6 k €	-24.5%	-89,6 k €
Balance sheet
Equity	3,8 M €	-33.9%	5,8 M €	-5.3%	6,1 M €	+10.0%	5,6 M €	+13.1%	4,9 M €	+289%	1,3 M €	+205%	414,6 k €	+12.3%	369,2 k €	+74.0%	212,2 k €	+22.7%	172,9 k €	+29.0%	134 k €	+108%	-1,6 M €	-1288%	135,1 k €	+183%	47,7 k €	+322%	-21,5 k €	+80.8%	-112,4 k €	-61.0%	-69,8 k €	-180%	87,8 k €	-56.0%	199,4 k €
Total assets	6 M €	-23.1%	7,8 M €	-4.1%	8,2 M €	+13.5%	7,2 M €	+11.8%	6,4 M €	+313%	1,6 M €	+138%	653,2 k €	+32.2%	494,2 k €	+109%	236,8 k €	-14.7%	277,6 k €	+83.8%	151,1 k €	-2.1%	154,2 k €	-91.9%	1,9 M €	-5.5%	2 M €	+4.0%	1,9 M €	+9.9%	1,8 M €	-46.9%	3,3 M €	+75.7%	1,9 M €	+0.8%	1,9 M €
Cash	175,8 k €	-43.8%	313 k €	+11.4%	281 k €	+281%	73,8 k €	-86.9%	562,2 k €	+276%	149,5 k €	+143%	61,6 k €	-42.3%	106,8 k €	+110%	50,9 k €	+25.8%	40,4 k €	+439%	7,5 k €	+227%	2,3 k €	+3.6%	2,2 k €	-97.6%	92,2 k €	+355%	20,3 k €	+45.8%	13,9 k €	+1430%	909 €	-98.7%	67,7 k €		–
Debts	2,2 M €	+7.7%	2 M €	-0.4%	2,1 M €	+25.4%	1,6 M €	+7.6%	1,5 M €	+417%	294,2 k €	+23.3%	238,6 k €	+91.0%	125 k €	+409%	24,6 k €	-76.5%	104,7 k €	+515%	17 k €	-99.0%	1,8 M €	-0.0%	1,8 M €	-6.3%	1,9 M €	-0.4%	1,9 M €	+6.8%	1,8 M €	-43.5%	3,1 M €	+99.2%	1,6 M €	+3.4%	1,5 M €

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 30/06/2025 · 6 active · 9 ended

Active mandates

Adrien BLONDEL

Director · since 15 septembre 2021 · until 14 septembre 2027

Active

Louis BLONDEL

Director · since 15 septembre 2021 · until 14 septembre 2027

Active

Nicolas BLONDEL

Director · since 15 septembre 2021 · until 14 septembre 2027

Active

Roxane BLONDEL

Director · since 15 septembre 2021 · until 14 septembre 2027

Active

François BLONDEL

Managing director · since 01 décembre 2020 · until 30 novembre 2026

Active

Véronique STAUDT

Director · since 01 décembre 2020 · until 30 novembre 2026

Active

Ended mandates

François BLONDEL

Managing director · since 31 décembre 2014 · until 31 décembre 2020

Ended

Philippus JANSSENS de VAREBEKE

Director · since 31 décembre 2014 · until 31 décembre 2020

Ended

Véronique STAUDT

Director · since 31 décembre 2014 · until 31 décembre 2020

Ended

Carl MESTDAGH

Director · since 10 novembre 2011 · until 10 novembre 2017

Ended

At this address

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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	01/07/2024	01/07/2023	01/07/2022	01/07/2021	01/07/2020	01/07/2019
Closing of the financial year	30/06/2025	30/06/2024	30/06/2023	30/06/2022	30/06/2021	30/06/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	08/04/2026	12/12/2024	15/11/2023	26/09/2022	11/10/2021	26/10/2020
General meeting	03/04/2026	08/11/2024	10/11/2023	07/09/2022	15/09/2021	10/10/2020
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

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged modelCorrection	30/06/2025	03/04/2026	08/04/2026	French	PDF
Abridged model	30/06/2025	16/07/2025	01/10/2025	French	PDF
Abridged model	30/06/2024	08/11/2024	12/12/2024	French	PDF
Abridged model	30/06/2023	10/11/2023	15/11/2023	French	PDF
Abridged model	30/06/2022	07/09/2022	26/09/2022	French	PDF
Abridged model	30/06/2021	15/09/2021	11/10/2021	French	PDF
Abridged model	30/06/2020	10/10/2020	26/10/2020	French	PDF
Abridged model	30/06/2019	08/11/2019	25/11/2019	French	PDF
Abridged model	30/06/2018	09/11/2018	28/11/2018	French	PDF
Abridged model	30/06/2017	10/11/2017	20/11/2017	French	PDF
Abridged model	30/06/2016	11/11/2016	19/12/2016	French	PDF
Abridged model	30/06/2015	13/11/2015	09/12/2015	French	PDF
Abridged modelCorrection	30/06/2014	31/12/2014	29/01/2015	French	PDF
Abridged model	30/06/2014	14/11/2014	14/01/2015	French	PDF
Abridged model	30/06/2013	08/11/2013	17/02/2014	French	PDF
Abridged model	30/06/2012	09/11/2012	04/12/2012	French	PDF
Abridged model	30/06/2011	10/11/2011	23/11/2011	French	PDF
Abridged model	30/06/2010	12/11/2010	15/11/2010	French	PDF
Abridged model	30/06/2009	13/11/2009	14/12/2009	French	PDF
Abridged model	30/06/2008	13/11/2008	18/12/2008	French	PDF
Abridged model	30/06/2007	09/11/2007	14/12/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 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 30/06/2025 · 6 active · 9 ended

Active mandates

Adrien BLONDEL

Director · since 15 septembre 2021 · until 14 septembre 2027

Active

Louis BLONDEL

Director · since 15 septembre 2021 · until 14 septembre 2027

Active

Nicolas BLONDEL

Director · since 15 septembre 2021 · until 14 septembre 2027

Active

Roxane BLONDEL

Director · since 15 septembre 2021 · until 14 septembre 2027

Active

François BLONDEL

Managing director · since 01 décembre 2020 · until 30 novembre 2026

Active

Véronique STAUDT

Director · since 01 décembre 2020 · until 30 novembre 2026

Active

Ended mandates

François BLONDEL

Managing director · since 31 décembre 2014 · until 31 décembre 2020

Ended

Philippus JANSSENS de VAREBEKE

Director · since 31 décembre 2014 · until 31 décembre 2020

Ended

Véronique STAUDT

Director · since 31 décembre 2014 · until 31 décembre 2020

Ended

Carl MESTDAGH

Director · since 10 novembre 2011 · until 10 novembre 2017

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates27/09/2021
DEMISSIONS, NOMINATIONS
PDF
Mandates10/12/2020
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS
PDF
Mandates03/12/2019
DEMISSIONS, NOMINATIONS
PDF
Capital / shares29/06/2018
CAPITAL, ACTIONS
PDF
Mandates15/01/2016
DEMISSIONS, NOMINATIONS - DIVERS
PDF
Mandates23/03/2015
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF
Capital / shares26/01/2015
CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Registered office28/09/2012
SIEGE SOCIAL
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 2025-72,7 k €↑
2024
Annual accounts 2024-323,1 k €↓
2023
Annual accounts 202341,1 k €↑
2022
Annual accounts 202238,8 k €↓
2021
Annual accounts 2021117,6 k €↓
2020
Annual accounts 2020595,7 k €↑
2019
Annual accounts 201945,4 k €↓
2018
Annual accounts 2018157 k €↑
2017
Annual accounts 201739,3 k €↑
2016
Annual accounts 201638,9 k €↓
2015
Annual accounts 2015114,9 k €↑
2014
Annual accounts 2014-1,7 M €↓
2013
Annual accounts 201387,4 k €↑
2012
Annual accounts 201269,3 k €↓
2011
Annual accounts 201190,8 k €↑
2010
Annual accounts 2010-42,6 k €↑
2009
Annual accounts 2009-157,6 k €↓
2008
Annual accounts 2008-111,6 k €↓
2007
Annual accounts 2007-89,6 k €
15/04/1999
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

INNODE

Overview

What does INNODE do?

Trend over 19 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