ACTIVE

INDESA

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Financial year 2025 · closed on 31/12/2025
Net result
10,4 M €
+5411.9% YoY
Revenue
730,9 k €
-16.2% YoY
Equity
31,0 M €
+50.4% YoY
Workforce
1,8 ETP
+80.0% YoY

What does INDESA do?

INDESA is a Private limited company incorporated in 2001. Its registered office is in Mechelen. It employs on average 1,8 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0474.764.124
Incorporation
08/05/2001
Legal form
Private limited company
Registered office
Blarenberglaan 6
2800 Mechelen · FlandreSee on map
Contributed capital
18 444 489,55 €
Latest accounts
31/12/2025
Average workforce
1,8 ETP
Joint committees (3)
  • 200
  • 20000
  • 218
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowHealthy social debts
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 12 financial years

202520242023202220212020201920182017201620152014
Income statement
Revenue730,9 k €872,4 k €603,8 k €596,9 k €590,5 k €513,1 k €801,0 k €732,0 k €690,0 k €641,1 k €546,0 k €1,4 M €
EBITDA-364,8 k €191,9 k €19,9 k €-68,4 k €105,6 k €56,6 k €210,7 k €201,5 k €187,1 k €199,6 k €98,1 k €116,2 k €
Operating result-367,2 k €188,6 k €14,9 k €-73,7 k €104,4 k €56,6 k €210,7 k €194,0 k €179,6 k €192,1 k €95,0 k €116,2 k €
Net result10,4 M €188,6 k €170,6 k €-187,9 k €473,0 k €-250,0 k €-853,3 k €-113,8 k €-215,8 k €-33,8 k €-148,7 k €-2,7 M €
Balance sheet
Equity31,0 M €20,6 M €20,5 M €20,3 M €20,5 M €20,0 M €20,3 M €21,1 M €21,2 M €21,4 M €21,5 M €21,6 M €
Total assets37,0 M €28,5 M €29,0 M €28,5 M €28,5 M €28,1 M €28,3 M €30,0 M €29,3 M €29,1 M €31,1 M €32,3 M €
Cash390,9 k €23,9 k €40,9 k €59,9 k €29,8 k €27,2 k €506,1 k €16,0 k €470,1 k €764,0 k €217,1 k €1,2 M €
Debts5,9 M €7,8 M €8,5 M €8,2 M €8,1 M €7,5 M €7,4 M €8,6 M €7,6 M €7,6 M €9,5 M €10,1 M €
Other
Workforce1,8 ETP1,0 ETP2,3 ETP2,4 ETP2,4 ETP2,4 ETP2,9 ETP2,4 ETP3,1 ETP3,1 ETP2,6 ETP4,8 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 25 M€ and 50 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 16 ended

Active mandates

Louis Busschop

Director · since 01 avril 2015

Active
Pieter BUSSCHOP

Director · since 01 avril 2015

Active
Carlo BUSSCHOP

Director · since 16 décembre 2014

Active

Ended mandates

Louis BUSSCHOP

Manager · since 01 avril 2015

Ended
Pieter BUSSCHOP

Manager · since 01 avril 2015

Ended
Bénédicte DELOOF

Director · since 16 décembre 2014 · until 01 janvier 2023

Ended
Bénédicte DELOOF

Director · since 16 décembre 2014

Ended
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Annual accounts

Full financial information

202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date18/08/202615/10/202503/09/202431/08/202314/07/202214/07/2021
General meeting30/06/202630/06/202530/06/202430/06/202317/06/202218/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

12 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202530/06/202618/08/2026DutchPDF
Full model31/12/202430/06/202515/10/2025DutchPDF
Full model31/12/202330/06/202403/09/2024DutchPDF
Full model31/12/202230/06/202331/08/2023DutchPDF
Full model31/12/202117/06/202214/07/2022DutchPDF
Full model31/12/202018/06/202114/07/2021DutchPDF
Full model31/12/201919/06/202015/07/2020DutchPDF
Full model31/12/201821/06/201930/07/2019DutchPDF
Full model31/12/201715/06/201813/07/2018DutchPDF
Full model31/12/201619/06/201731/07/2017DutchPDF
Full model31/12/201520/06/201607/07/2016DutchPDF
Full model31/12/201419/06/201522/07/2015DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 25 M€ and 50 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 · 3 active · 16 ended

Active mandates

Louis Busschop

Director · since 01 avril 2015

Active
Pieter BUSSCHOP

Director · since 01 avril 2015

Active
Carlo BUSSCHOP

Director · since 16 décembre 2014

Active

Ended mandates

Louis BUSSCHOP

Manager · since 01 avril 2015

Ended
Pieter BUSSCHOP

Manager · since 01 avril 2015

Ended
Bénédicte DELOOF

Director · since 16 décembre 2014 · until 01 janvier 2023

Ended
Bénédicte DELOOF

Director · since 16 décembre 2014

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates19/12/2023
    WIJZIGING RECHTSVORM - DIVERSEN - DOEL - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates26/04/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates11/05/2015
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office09/01/2015
    BENAMING - MAATSCHAPPELIJKE ZETEL - DOEL - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Capital / shares09/10/2014
    KAPITAAL - AANDELEN
    PDF
  • Other16/06/2014
    ALGEMENE VERGADERING - BOEKJAAR
    PDF
  • Capital / shares18/10/2013
    KAPITAAL - AANDELEN
    PDF
  • Capital / shares26/09/2013
    KAPITAAL - AANDELEN
    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

Timeline

  1. 2025
    Annual accounts 202510,4 M €↑
  2. 2024
    Annual accounts 2024188,6 k €↑
  3. 2023
    Annual accounts 2023170,6 k €↑
  4. 2022
    Annual accounts 2022-187,9 k €↓
  5. 2021
    Annual accounts 2021473,0 k €↑
  6. 2020
    Annual accounts 2020-250,0 k €↑
  7. 2019
    Annual accounts 2019-853,3 k €↓
  8. 2018
    Annual accounts 2018-113,8 k €↑
  9. 2017
    Annual accounts 2017-215,8 k €↓
  10. 2016
    Annual accounts 2016-33,8 k €↑
  11. 2015
    Annual accounts 2015-148,7 k €↑
  12. 2014
    Annual accounts 2014-2,7 M €
  13. 08/05/2001
    IncorporationPrivate limited company