ACTIVE

Denocool

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Financial year 2025 · closed on 30/09/2025

Net result

16,9 k €

-83.6% YoY

Gross margin

163,9 k €

-46.6% YoY

Equity

269,5 k €

+6.7% YoY

Workforce

1,5 ETP

-50.0% YoY

What does Denocool do?

Denocool is a Private limited company incorporated in 2001. Its main activity is: Manufacture of non-domestic cooling and ventilation equipment. Its registered office is in Gavere. It employs on average 1,5 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0474.550.625

Incorporation

09/04/2001

Legal form

Private limited company

Registered office

Legen Heirweg 5 box D
9890 Gavere · FlandreSee on map

Contributed capital

18 600,00 €

Latest accounts

30/09/2025

Average workforce

1,5 ETP

Activities (NACE)

28250Manufacture of non-domestic cooling and ventilation equipment· main 28250Manufacture of non-domestic cooling and ventilation equipment 29230Manufacture of bodies (coachwork) for motor vehicles; manufacture of trailers and semi-trailers 43222Plumbing, heat and air-conditioning installation 43222Plumbing, heat and air-conditioning installation 46431Wholesale of electrical household appliances+7

Joint committees (1)

14901

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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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	163,9 k €	-46.6%	306,7 k €	+58.3%	193,7 k €	+137%	81,7 k €	+49.7%	54,6 k €	+388%	11,2 k €	-6.7%	12 k €	+14.6%	10,5 k €	-13.6%	12,1 k €	+234%	3,6 k €	-80.6%	18,6 k €	+538%	-4,3 k €	+23.7%	-5,6 k €	-129%	19,5 k €	+403%	-6,4 k €	-183%	-2,3 k €	-121%	11 k €	-32.6%	16,3 k €	-76.9%	70,6 k €
EBITDA	51,7 k €	-67.6%	159,7 k €	+49.3%	106,9 k €	+188%	37,1 k €	-4.0%	38,6 k €	+271%	10,4 k €	-7.8%	11,3 k €	+80.2%	6,3 k €	-45.4%	11,5 k €	+262%	3,2 k €	-82.1%	17,7 k €	+428%	-5,4 k €	+21.3%	-6,9 k €	-138%	18,2 k €	+342%	-7,5 k €	-96.5%	-3,8 k €	-150%	7,6 k €	-47.3%	14,4 k €	-79.0%	68,7 k €
Operating result	28 k €	-79.7%	138,1 k €	+43.1%	96,5 k €	+398%	19,4 k €	-32.7%	28,8 k €	+378%	6 k €	+4.6%	5,8 k €	+548%	888 €	-87.1%	6,9 k €	+224%	2,1 k €	-83.4%	12,8 k €	+224%	-10,4 k €	+14.5%	-12,1 k €	-191%	13,3 k €	+177%	-17,3 k €	-15.0%	-15,1 k €	+70.1%	-50,4 k €	-126%	-22,3 k €	-168%	32,7 k €
Net result	16,9 k €	-83.6%	103 k €	+40.7%	73,2 k €	+429%	13,8 k €	-36.0%	21,6 k €	+291%	5,5 k €	+12.7%	4,9 k €	+2267%	207 €	-97.3%	7,8 k €	+147%	3,1 k €	-71.0%	10,8 k €	+204%	-10,4 k €	+33.2%	-15,6 k €	-231%	11,9 k €	+164%	-18,5 k €	+6.5%	-19,8 k €	-175%	26,2 k €	+186%	-30,6 k €	-251%	20,3 k €
Balance sheet
Equity	269,5 k €	+6.7%	252,6 k €	+68.8%	149,6 k €	+95.8%	76,4 k €	+22.1%	62,6 k €	+52.7%	41 k €	+15.6%	35,5 k €	+16.0%	30,6 k €	+0.7%	30,4 k €	+34.4%	22,6 k €	+16.2%	19,5 k €	+125%	8,6 k €	-54.7%	19,1 k €	-45.0%	34,7 k €	+52.2%	22,8 k €	-44.8%	41,3 k €	-32.4%	61,1 k €	+75.2%	34,9 k €	-46.8%	65,5 k €
Total assets	407,3 k €	+0.0%	407,3 k €	+63.9%	248,5 k €	+81.0%	137,3 k €	+2.1%	134,5 k €	+123%	60,4 k €	-17.4%	73,2 k €	+14.1%	64,1 k €	+40.6%	45,6 k €	+73.9%	26,2 k €	+26.5%	20,7 k €	-36.0%	32,4 k €	-33.5%	48,7 k €	-40.4%	81,7 k €	+9.5%	74,6 k €	-20.4%	93,7 k €	-38.5%	152,3 k €	-36.4%	239,5 k €	-13.6%	277,3 k €
Cash	33,7 k €	+148%	13,6 k €	-26.5%	18,5 k €	+44.6%	12,8 k €	-21.8%	16,4 k €	+436%	3,1 k €	-58.8%	7,4 k €	+69.7%	4,4 k €	+4262%	100 €		–		885 €	+16.6%	759 €	+674%	98 €	-99.7%	30,9 k €	-13.3%	35,6 k €	+7.1%	33,2 k €	+447%	6,1 k €	+10195%	59 €	-99.7%	22,5 k €
Debts	137,2 k €	-11.0%	154,2 k €	+56.7%	98,4 k €	+62.7%	60,5 k €	-15.8%	71,9 k €	+274%	19,2 k €	-48.5%	37,4 k €	+11.4%	33,5 k €	+120%	15,2 k €	+321%	3,6 k €	+186%	1,3 k €	-94.7%	23,7 k €	-19.9%	29,6 k €	-36.9%	47 k €	-9.3%	51,8 k €	-1.1%	52,4 k €	-42.6%	91,3 k €	-55.4%	204,6 k €	-3.4%	211,8 k €
Other
Workforce	1,5 ETP	-50.0%	3,0 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 · 1 active · 2 ended

Active mandates

Pascal De Noyette

Director · since 20 avril 2001

Active

Ended mandates

Pascal De Noyette

Manager · since 20 avril 2001

Ended

Pascal De Noyette

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
Duurzaam werken● Active	0780.839.607
TECHNISCH STUDIEBUREEL● Liquidation	0425.696.673

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Micro model	Micro model	Micro model	Micro 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	28/05/2026	26/05/2025	27/05/2024	25/05/2023	30/05/2022	28/05/2021
General meeting	21/03/2026	15/03/2025	16/03/2024	18/03/2023	19/03/2022	20/03/2021
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	21/03/2026	28/05/2026	Dutch	PDF
Abridged model	30/09/2024	15/03/2025	26/05/2025	Dutch	PDF
Micro model	30/09/2023	16/03/2024	27/05/2024	Dutch	PDF
Micro model	30/09/2022	18/03/2023	25/05/2023	Dutch	PDF
Micro model	30/09/2021	19/03/2022	30/05/2022	Dutch	PDF
Micro model	30/09/2020	20/03/2021	28/05/2021	Dutch	PDF
Micro model	30/09/2019	21/03/2020	20/05/2020	Dutch	PDF
Micro model	30/09/2018	16/03/2019	30/04/2019	Dutch	PDF
Micro model	30/09/2017	19/02/2018	22/02/2018	Dutch	PDF
Abridged model	30/09/2016	06/02/2017	15/02/2017	Dutch	PDF
Abridged model	30/09/2015	17/02/2016	01/03/2016	Dutch	PDF
Abridged model	30/09/2014	03/02/2015	02/03/2015	Dutch	PDF
Abridged model	30/09/2013	15/02/2014	28/02/2014	Dutch	PDF
Abridged model	30/09/2012	20/11/2012	28/11/2012	Dutch	PDF
Abridged model	30/09/2011	04/11/2011	28/11/2011	Dutch	PDF
Abridged model	30/09/2010	08/11/2010	29/11/2010	Dutch	PDF
Abridged model	30/09/2009	31/03/2010	23/06/2010	Dutch	PDF
Abridged model	30/09/2008	19/11/2008	12/12/2008	Dutch	PDF
Abridged model	30/09/2007	13/02/2008	05/03/2008	Dutch	PDF
Abridged model	30/09/2006	15/03/2007	20/03/2007	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 · 1 active · 2 ended

Active mandates

Pascal De Noyette

Director · since 20 avril 2001

Active

Ended mandates

Pascal De Noyette

Manager · since 20 avril 2001

Ended

Pascal De Noyette

Manager

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Other09/02/2026
BENAMING, DOEL
PDF
Registered office23/07/2025
Verplaatsing maatschappelijke zetel
PDF
Mandates03/10/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Registered office15/10/2012
MAATSCHAPPELIJKE ZETEL - ADRESSEN ANDERS DAN 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 202516,9 k €↓
2025
Name changeDenocool
2024
Annual accounts 2024103 k €↑
2023
Annual accounts 202373,2 k €↑
2022
Annual accounts 202213,8 k €↓
2021
Annual accounts 202121,6 k €↑
2021
Name changeH.L.M.
2020
Annual accounts 20205,5 k €↑
2019
Annual accounts 20194,9 k €↑
2018
Annual accounts 2018207 €↓
2017
Annual accounts 20177,8 k €↑
2016
Annual accounts 20163,1 k €↓
2015
Annual accounts 201510,8 k €↑
2014
Annual accounts 2014-10,4 k €↑
2013
Annual accounts 2013-15,6 k €↓
2012
Annual accounts 201211,9 k €↑
2011
Annual accounts 2011-18,5 k €↑
2010
Annual accounts 2010-19,8 k €↓
2009
Annual accounts 200926,2 k €↑
2008
Annual accounts 2008-30,6 k €↓
2007
Annual accounts 200720,3 k €
09/04/2001
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

Denocool

Overview

What does Denocool 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