ACTIVE

IDELCO INSULATION

Financial year 2025 · closed on 31/12/2025
Net result
7,6 k €
-77.9% YoY
Revenue
59,7 M €
+19.5% YoY
Equity
18 M €
+0.0% YoY
Workforce
55,1 ETP
+28.1% YoY

What does IDELCO INSULATION do?

IDELCO INSULATION is a Public limited company incorporated in 2001. Its main activity is: Manufacture of plastic plates, sheets, tubes and profiles. Its registered office is in Wielsbeke. It employs on average 55,1 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0475.267.930
Incorporation
11/07/2001
Legal form
Public limited company
Registered office
Hooiemeersstraat(S.B.V.) 1
8710 Wielsbeke · FlandreSee on map
Contributed capital
15 840 890,95 €
Latest accounts
31/12/2025
Average workforce
55,1 ETP
Joint committees (2)
  • 116
  • 207
Signals
ProfitableSolid equityLow riskPositive cashflowPositive EBITDAHealthy social debtsHigh revenue
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 20 financial years

20252024202320222021202020192018201720162015201420132012201120102009200820072006
Income statement
Revenue59,7 M €50 M €
EBITDA2,2 M €1,9 M €-952,4 k €661,9 k €127,1 k €491,7 k €534,1 k €491,8 k €397,1 k €439,8 k €64,6 k €18 k €107 €-28,7 k €53,6 k €142,9 k €162 k €183,1 k €190,2 k €122,5 k €
Operating result246,1 k €494,7 k €-1,8 M €286 k €51,5 k €366,8 k €404,4 k €29 k €326,3 k €317,7 k €64,6 k €18 k €107 €-28,7 k €53,6 k €44,4 k €61,2 k €80,6 k €87,5 k €21,4 k €
Net result7,6 k €34,5 k €-2,1 M €195,9 k €4,5 k €303,3 k €324,7 k €-3,6 k €300 k €305,9 k €60,6 k €35,8 k €28,4 k €60,3 k €641 €-16,3 k €-3,7 k €-2,6 k €17,7 k €-4,1 k €
Balance sheet
Equity18 M €18 M €10 M €9,4 M €9,2 M €2 M €1,9 M €1,9 M €1,9 M €1,8 M €1,8 M €1,8 M €1,7 M €1,7 M €1,6 M €1,6 M €1,6 M €1,6 M €1,7 M €1,6 M €
Total assets33,8 M €31,4 M €28,8 M €20,6 M €9,7 M €6,8 M €6,8 M €6,9 M €3,3 M €3,5 M €3,6 M €3,4 M €3,6 M €4 M €3,9 M €4 M €4,7 M €4,8 M €4,9 M €5,1 M €
Cash1,6 M €1,1 M €654 k €1,6 M €1,2 M €565,3 k €379,5 k €478,1 k €1 M €1,2 M €40,5 k €165,8 k €81,4 k €129 k €71,7 k €79,3 k €46,9 k €19,6 k €43,5 k €
Debts15,8 M €13 M €18,4 M €11,2 M €401,3 k €4,6 M €4,7 M €4,9 M €1,3 M €1,6 M €1,7 M €1,6 M €1,8 M €2,1 M €2,3 M €2,4 M €3 M €3,1 M €3,2 M €3,4 M €
Other
Workforce55,1 ETP43,0 ETP25,2 ETP10,3 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€
See the valuation
Governance

Board of directors

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

Active mandates

BREMHOVE

Managing director · since 30 novembre 2021 · until 30 novembre 2027 · 0455.526.549

Represented by Joris IDE

Active
Enzo Ide

Director · since 30 novembre 2021 · until 30 novembre 2027

Active
VANDENWEGHE FILIP

Director · since 30 novembre 2021 · until 30 novembre 2027 · 0831.304.648

Represented by Filip Vandenweghe

Active

Ended mandates

BREMHOVE

Managing director · since 30 novembre 2021 · until 30 novembre 2027 · 0455.526.549

Represented by Joris IDE

Ended
VANDENWEGHE FILIP

Director · since 30 novembre 2021 · until 30 novembre 2027 · 0831.304.648

Represented by Filip Vandenweghe

Ended
BREMHOVE

Managing director · since 28 juin 2021 · until 15 mai 2027 · 0455.526.549

Represented by Joris IDE

Ended
BREMHOVE

Managing director · since 17 mai 2021 · until 30 novembre 2021 · 0455.526.549

Represented by Joris IDE

Ended
Annual accounts

Full financial information

202520242023202220212020
Type of accountFull modelFull modelAbridged modelAbridged modelAbridged modelAbridged 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 date16/07/202603/07/202521/08/202406/10/202323/02/202201/07/2021
General meeting27/06/202616/06/202520/08/202404/10/202311/02/202228/06/2021
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

20 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202527/06/202616/07/2026DutchPDF
Full model31/12/202416/06/202503/07/2025DutchPDF
Abridged model31/12/202320/08/202421/08/2024DutchPDF
Abridged model31/12/202204/10/202306/10/2023DutchPDF
Abridged model31/12/202111/02/202223/02/2022DutchPDF
Abridged model31/12/202028/06/202101/07/2021DutchPDF
Abridged model31/12/201930/06/202002/07/2020DutchPDF
Abridged model31/12/201820/05/201920/06/2019DutchPDF
Abridged model31/12/201730/06/201816/07/2018DutchPDF
Abridged model31/12/201615/05/201707/06/2017DutchPDF
Abridged model31/12/201519/12/201622/12/2016DutchPDF
Abridged model31/12/201418/05/201508/06/2015DutchPDF
Abridged model31/12/201321/05/201409/07/2014DutchPDF
Abridged model31/12/201221/05/201317/07/2013DutchPDF
Abridged model31/12/201121/05/201217/07/2012DutchPDF
Abridged model31/12/201016/05/201105/07/2011DutchPDF
Abridged model31/12/200917/05/201030/07/2010DutchPDF
Abridged model31/12/200818/05/200923/07/2009DutchPDF
Abridged model31/12/200719/05/200823/07/2008DutchPDF
Abridged model31/12/200621/05/200717/08/2007DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 5 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 · 31 ended

Active mandates

BREMHOVE

Managing director · since 30 novembre 2021 · until 30 novembre 2027 · 0455.526.549

Represented by Joris IDE

Active
Enzo Ide

Director · since 30 novembre 2021 · until 30 novembre 2027

Active
VANDENWEGHE FILIP

Director · since 30 novembre 2021 · until 30 novembre 2027 · 0831.304.648

Represented by Filip Vandenweghe

Active

Ended mandates

BREMHOVE

Managing director · since 30 novembre 2021 · until 30 novembre 2027 · 0455.526.549

Represented by Joris IDE

Ended
VANDENWEGHE FILIP

Director · since 30 novembre 2021 · until 30 novembre 2027 · 0831.304.648

Represented by Filip Vandenweghe

Ended
BREMHOVE

Managing director · since 28 juin 2021 · until 15 mai 2027 · 0455.526.549

Represented by Joris IDE

Ended
BREMHOVE

Managing director · since 17 mai 2021 · until 30 novembre 2021 · 0455.526.549

Represented by Joris IDE

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates13/11/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares07/10/2024
    KAPITAAL - AANDELEN
    PDF
  • Mandates14/12/2021
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - BENAMING - MAATSCHAPPELIJKE ZETEL - DOEL - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates24/08/2021
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares04/09/2017
    KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Mandates19/06/2017
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates24/06/2016
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates27/05/2016
    MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
    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 20257,6 k €
  2. 2024
    Annual accounts 202434,5 k €
  3. 2023
    Annual accounts 2023-2,1 M €
  4. 2022
    Annual accounts 2022195,9 k €
  5. 2021
    Annual accounts 20214,5 k €
  6. 2021
    Name changeIdelco Insulation NV
  7. 2020
    Annual accounts 2020303,3 k €
  8. 2019
    Annual accounts 2019324,7 k €
  9. 2018
    Annual accounts 2018-3,6 k €
  10. 2017
    Annual accounts 2017300 k €
  11. 2016
    Annual accounts 2016305,9 k €
  12. 2015
    Annual accounts 201560,6 k €
  13. 2014
    Annual accounts 201435,8 k €
  14. 2013
    Annual accounts 201328,4 k €
  15. 2012
    Annual accounts 201260,3 k €
  16. 2011
    Annual accounts 2011641 €
  17. 2010
    Annual accounts 2010-16,3 k €
  18. 2009
    Annual accounts 2009-3,7 k €
  19. 2008
    Annual accounts 2008-2,6 k €
  20. 2007
    Annual accounts 200717,7 k €
  21. 2006
    Annual accounts 2006-4,1 k €
  22. 2006
    Name changeIMMO VM
  23. 11/07/2001
    IncorporationPublic limited company