ACTIVE

FINDAR

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Financial year 2025 · closed on 30/06/2025

Net result

339,5 k €

-81.8% YoY

Gross margin

515 k €

-81.0% YoY

Equity

4 M €

+9.2% YoY

What does FINDAR do?

FINDAR is a Private limited company incorporated in 2001. Its main activity is: Management consultancy activities. Its registered office is in Gent.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0473.751.067

Incorporation

09/01/2001

Legal form

Private limited company

Registered office

Kortrijksesteenweg 1190
9051 Gent · FlandreSee on map

Contributed capital

9 764,56 €

Latest accounts

30/06/2025

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	515 k €	-81.0%	2,7 M €	+27.4%	2,1 M €	+136%	902,1 k €	+624%	124,6 k €	-66.5%	372 k €	+89.2%	196,6 k €	-75.7%	807,5 k €	-34.5%	1,2 M €	+63.6%	753,2 k €	+60.7%	468,7 k €	-39.4%	773,9 k €	+132%	333,5 k €	-28.9%	469 k €	+32.4%	354,2 k €	+6.2%	333,5 k €	+43.0%	233,2 k €	-44.9%	423 k €
EBITDA	509,4 k €	-81.2%	2,7 M €	+27.3%	2,1 M €	+136%	901,6 k €	+634%	122,8 k €	-66.7%	368,5 k €	+89.5%	194,4 k €	-75.9%	805,8 k €	-34.5%	1,2 M €	+63.8%	751,8 k €	+60.4%	468,7 k €	-39.4%	773,9 k €	+132%	333,5 k €	+3.0%	323,8 k €	-8.3%	353 k €	+13.4%	311,4 k €	+196%	105,1 k €	-42.6%	183,1 k €
Operating result	507 k €	-81.2%	2,7 M €	+27.0%	2,1 M €	+137%	899,4 k €	+690%	113,8 k €	-68.3%	359,5 k €	+93.8%	185,5 k €	-76.9%	803,6 k €	-33.9%	1,2 M €	+62.1%	749,5 k €	+60.7%	466,4 k €	-39.6%	771,6 k €	+133%	331,2 k €	+2.3%	323,8 k €	-6.4%	345,9 k €	+13.7%	304,3 k €	+210%	98,1 k €	-44.0%	175 k €
Net result	339,5 k €	-81.8%	1,9 M €	+37.8%	1,4 M €	+151%	541 k €	+571%	80,7 k €	-68.5%	255,7 k €	+114%	119,3 k €	-77.5%	530,5 k €	-34.5%	809,4 k €	+61.3%	501,9 k €	+63.1%	307,7 k €	-40.1%	513,3 k €	+216%	162,3 k €	-14.1%	188,9 k €	-19.1%	233,6 k €	-31.6%	341,3 k €	+253%	96,8 k €	-17.9%	118 k €
Balance sheet
Equity	4 M €	+9.2%	3,7 M €	-31.6%	5,4 M €	+33.6%	4 M €	+15.5%	3,5 M €	+2.4%	3,4 M €	+8.1%	3,2 M €	+3.9%	3 M €	+21.2%	2,5 M €	+47.7%	1,7 M €	+42.0%	1,2 M €	+34.6%	888,3 k €	+137%	375 k €	-26.9%	512,7 k €	+58.4%	323,8 k €	-53.1%	690,2 k €	+97.8%	348,9 k €	+38.4%	252,1 k €
Total assets	7,7 M €	-38.7%	12,5 M €	+27.7%	9,8 M €	+28.9%	7,6 M €	+106%	3,7 M €	+6.1%	3,5 M €	+7.7%	3,2 M €	-19.8%	4 M €	+19.3%	3,4 M €	+38.2%	2,4 M €	+29.1%	1,9 M €	+9.3%	1,7 M €	+0.3%	1,7 M €	+4.8%	1,7 M €	+33.4%	1,2 M €	+14.7%	1,1 M €	+24.0%	871,4 k €	-17.4%	1,1 M €
Cash	104,9 k €	-67.7%	324,9 k €	-96.6%	9,5 M €	+41.4%	6,7 M €	+102%	3,3 M €	+27.9%	2,6 M €	-6.1%	2,8 M €	-23.2%	3,6 M €	+17.3%	3,1 M €	+28.1%	2,4 M €	+47.1%	1,6 M €	+6.4%	1,5 M €	+6.3%	1,4 M €	+46.7%	982 k €	+119%	448,4 k €	-1.1%	453,3 k €	-44.3%	813,3 k €	-20.3%	1 M €
Debts	3,6 M €	-59.6%	8,9 M €	+99.7%	4,4 M €	+23.6%	3,6 M €	+1650%	205 k €	+184%	72,3 k €	-3.3%	74,8 k €	-86.5%	554,3 k €	+28.9%	429,9 k €	+41.2%	304,4 k €	+19.9%	253,8 k €	-36.5%	399,8 k €	-56.3%	915 k €	+30.9%	698,8 k €	+12.9%	618,8 k €	+558%	94 k €	-57.2%	219,6 k €	-59.7%	544,4 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		2,0 ETP	0.0%	2,0 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 30/06/2025 · 1 active · 2 ended

Active mandates

Stefaan Haspeslagh

Director

Active

Ended mandates

Stefaan Haspeslagh

Manager · since 01 janvier 2001

Ended

Stefaan HASPESLAGH

Mandate

Ended

At this address

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STEFAAN HASPESLAGH● Active	1009.937.472

Annual accounts

Full financial information

	2025	2024	2022	2021	2020	2019
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/07/2024	01/10/2022	01/10/2021	01/10/2020	01/10/2019	01/10/2018
Closing of the financial year	30/06/2025	30/06/2024	30/09/2022	30/09/2021	30/09/2020	30/09/2019
Length of the financial year	12 months	21 months	12 months	12 months	12 months	12 months
Filing date	26/12/2025	04/09/2024	13/08/2024	24/03/2022	29/04/2021	31/03/2020
General meeting	05/12/2025	14/08/2024	15/02/2023	15/02/2022	15/02/2021	14/02/2020
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/06/2025	05/12/2025	26/12/2025	Dutch	PDF
Abridged model	30/06/2024	14/08/2024	04/09/2024	Dutch	PDF
Abridged modelCorrection	30/09/2022	15/02/2023	13/08/2024	Dutch	PDF
Abridged model	30/09/2022	15/02/2023	18/03/2023	Dutch	PDF
Abridged model	30/09/2021	15/02/2022	24/03/2022	Dutch	PDF
Abridged model	30/09/2020	15/02/2021	29/04/2021	Dutch	PDF
Abridged model	30/09/2019	14/02/2020	31/03/2020	Dutch	PDF
Abridged model	30/09/2018	15/02/2019	19/04/2019	Dutch	PDF
Abridged model	30/09/2017	15/02/2018	26/03/2018	Dutch	PDF
Abridged model	30/09/2016	15/03/2017	28/03/2017	Dutch	PDF
Abridged model	30/09/2015	15/03/2016	31/03/2016	Dutch	PDF
Abridged model	30/09/2014	15/03/2015	29/03/2015	Dutch	PDF
Abridged model	30/09/2013	15/03/2014	02/04/2014	Dutch	PDF
Abridged model	30/09/2012	08/03/2013	24/04/2013	Dutch	PDF
Abridged model	30/09/2011	15/03/2012	20/04/2012	Dutch	PDF
Abridged model	30/09/2010	11/03/2011	12/05/2011	Dutch	PDF
Abridged model	30/09/2009	09/03/2010	30/03/2010	Dutch	PDF
Abridged model	30/09/2008	09/03/2009	28/04/2009	Dutch	PDF
Abridged model	30/09/2007	08/03/2008	06/05/2008	Dutch	PDF
Abridged model	30/09/2006	11/03/2007	23/03/2007	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 30/06/2025 · 1 active · 2 ended

Active mandates

Stefaan Haspeslagh

Director

Active

Ended mandates

Stefaan Haspeslagh

Manager · since 01 janvier 2001

Ended

Stefaan HASPESLAGH

Mandate

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Restructuring10/07/2024
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring24/05/2024
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...) - DIVERSEN
PDF
Mandates01/09/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ADRESSEN ANDERS DAN MAATSCHAPPELIJKE ZETEL - DOEL - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - BOEKJAAR
PDF
Mandates02/01/2004
ONTSLAGEN - BENOEMINGEN - 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 2025339,5 k €↓
2024
Annual accounts 20241,9 M €↑
2022
Annual accounts 20221,4 M €↑
2021
Annual accounts 2021541 k €↑
2020
Annual accounts 202080,7 k €↓
2019
Annual accounts 2019255,7 k €↑
2018
Annual accounts 2018119,3 k €↓
2017
Annual accounts 2017530,5 k €↓
2016
Annual accounts 2016809,4 k €↑
2015
Annual accounts 2015501,9 k €↑
2014
Annual accounts 2014307,7 k €↓
2013
Annual accounts 2013513,3 k €↑
2012
Annual accounts 2012162,3 k €↓
2011
Annual accounts 2011188,9 k €↓
2010
Annual accounts 2010233,6 k €↓
2009
Annual accounts 2009341,3 k €↑
2008
Annual accounts 200896,8 k €↓
2007
Annual accounts 2007118 k €
09/01/2001
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

FINDAR

Overview

What does FINDAR do?

Trend over 18 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