ACTIVE

CONA

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Financial year 2025 · closed on 31/01/2025

Net result

882,5 k €

-30.3% YoY

Revenue

13,3 M €

+4.3% YoY

Equity

8,6 M €

-7.4% YoY

Workforce

60,5 ETP

-5.5% YoY

What does CONA do?

CONA is a Private limited company incorporated in 2003. Its main activity is: Construction of utility projects for electricity and telecommunications. Its registered office is in Lokeren. It employs on average 60,5 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0479.813.270

Incorporation

20/03/2003

Legal form

Private limited company

Registered office

Klipsenstraat 26
9160 Lokeren · FlandreSee on map

Contributed capital

18 600,00 €

Latest accounts

31/01/2025

Average workforce

60,5 ETP

Activities (NACE)

42220Construction of utility projects for electricity and telecommunications· main 42220Construction of utility projects for electricity and telecommunications 43120Site preparation 43120Site preparation 45112Sale of cars and light motor vehicles 45215Maintenance and repair of motor vehicles+6

Joint committees (3)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2020		2019		2017		2016		2015		2014		2013		2012		2010		2009		2008		2007		2006
Income statement
Revenue	13,3 M €	+4.3%	12,7 M €	+5.4%	12,1 M €	+42.3%	8,5 M €	-0.7%	8,6 M €	+7.8%	7,9 M €	-54.1%	17,3 M €	+65.2%	10,5 M €	+26.1%	8,3 M €	-1.3%	8,4 M €		–		–		–		–		–		–		–		–
EBITDA	1,4 M €	-31.5%	2,1 M €	+13.9%	1,8 M €	+95.7%	932,7 k €	-53.7%	2 M €	+1.3%	2 M €	-36.5%	3,1 M €	-16.7%	3,8 M €	+60.4%	2,3 M €	-18.4%	2,9 M €	+22.7%	2,3 M €	-6.1%	2,5 M €	+62.6%	1,5 M €	+17.7%	1,3 M €	+65.9%	785,2 k €	+15.3%	680,8 k €	+53.6%	443,1 k €	+146%	180,4 k €
Operating result	1,2 M €	-30.0%	1,7 M €	+11.0%	1,6 M €	+160%	604,7 k €	-66.6%	1,8 M €	+1.2%	1,8 M €	-34.7%	2,7 M €	-21.9%	3,5 M €	+73.3%	2 M €	-13.7%	2,3 M €	+21.3%	1,9 M €	-8.4%	2,1 M €	+127%	928,9 k €	+18.9%	781,4 k €	+74.2%	448,7 k €	+19.0%	377,1 k €	+56.4%	241,2 k €	+322%	57,2 k €
Net result	882,5 k €	-30.3%	1,3 M €	+18.7%	1,1 M €	+332%	247,4 k €	-80.8%	1,3 M €	+3.5%	1,2 M €	-27.3%	1,7 M €	-26.5%	2,3 M €	+77.1%	1,3 M €	-14.5%	1,5 M €	+29.9%	1,2 M €	-7.6%	1,3 M €	+135%	544 k €	+19.8%	453,9 k €	+80.6%	251,4 k €	+20.2%	209 k €	+73.2%	120,7 k €	+447%	22,1 k €
Balance sheet
Equity	8,6 M €	-7.4%	9,3 M €	-1.7%	9,5 M €	+3.9%	9,1 M €	-1.9%	9,3 M €	+6.6%	8,7 M €	+10.3%	7,9 M €	+27.6%	6,2 M €	+60.0%	3,9 M €	+51.2%	2,6 M €	+51.3%	1,7 M €	-11.4%	1,9 M €	+150%	764,7 k €	+33.3%	573,6 k €	+61.6%	355 k €	+74.3%	203,7 k €	+77.7%	114,6 k €	+2.7%	111,6 k €
Total assets	13,3 M €	-5.7%	14,1 M €	+9.4%	12,9 M €	+5.2%	12,3 M €	+2.9%	11,9 M €	-9.3%	13,1 M €	+6.0%	12,4 M €	+29.5%	9,6 M €	+28.8%	7,4 M €	+49.1%	5 M €	+14.1%	4,4 M €	+11.5%	3,9 M €	+38.8%	2,8 M €	+2.7%	2,7 M €	+57.2%	1,7 M €	+6.8%	1,6 M €	+63.9%	999,3 k €	+146%	405,8 k €
Cash	2,8 M €	+2.8%	2,8 M €	-45.5%	5,1 M €	-2.9%	5,2 M €	-13.6%	6 M €	-37.8%	9,7 M €	-3.5%	10,1 M €	+19.5%	8,4 M €	+72.5%	4,9 M €	+38.8%	3,5 M €	+21.4%	2,9 M €	+8.9%	2,7 M €	+88.8%	1,4 M €	+2.5%	1,4 M €	+41.7%	970,6 k €	+48.1%	655,5 k €	+90.3%	344,4 k €	+383%	71,3 k €
Debts	4 M €	-2.8%	4,1 M €	+42.7%	2,9 M €	+5.5%	2,8 M €	+15.1%	2,4 M €	-44.5%	4,3 M €	+27.7%	3,4 M €	+10.2%	3,1 M €	-7.5%	3,3 M €	+52.5%	2,2 M €	-11.3%	2,4 M €	+27.4%	1,9 M €	-1.7%	2 M €	-6.4%	2,1 M €	+57.6%	1,3 M €	-7.6%	1,4 M €	+75.5%	816,9 k €	+189%	282,4 k €
Other
Workforce	60,5 ETP	-5.5%	64,0 ETP	+6.0%	60,4 ETP	+1.2%	59,7 ETP	+4.7%	57,0 ETP	+13.8%	50,1 ETP	-2.3%	51,3 ETP	-21.7%	65,5 ETP	+6.3%	61,6 ETP	+9.4%	56,3 ETP	+3.9%	54,2 ETP	+12.0%	48,4 ETP	+0.4%	48,2 ETP	+7.1%	45,0 ETP	+33.5%	33,7 ETP	+3.7%	32,5 ETP	-7.7%	35,2 ETP	+82.4%	19,3 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 31/01/2025 · 1 active · 7 ended

Active mandates

Recep Sari

Director · since 04 février 2016

Active

Ended mandates

Recep Sari

Manager · since 04 février 2016

Ended

Recep Sari

Manager · since 11 mars 2003

Ended

Seydi Sari

Manager · since 11 mars 2003 · until 04 février 2016

Ended

Seydi Sari

Manager · since 11 mars 2003

Ended

At this address

Other companies at this address

Company	CBE no.
Conscope● Active	0771.386.164
SAR-CO● Active	0807.014.066

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/02/2024	01/02/2023	01/02/2022	01/02/2021	01/02/2020	01/02/2019
Closing of the financial year	31/01/2025	31/01/2024	31/01/2023	31/01/2022	31/01/2021	31/01/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	09/03/2026	01/08/2024	16/08/2023	01/08/2022	10/08/2021	13/08/2020
General meeting	06/03/2026	19/07/2024	11/08/2023	15/07/2022	16/07/2021	17/07/2020
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

18 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/01/2025	06/03/2026	09/03/2026	Dutch	PDF
Full model	31/01/2024	19/07/2024	01/08/2024	Dutch	PDF
Full model	31/01/2023	11/08/2023	16/08/2023	Dutch	PDF
Full model	31/01/2022	15/07/2022	01/08/2022	Dutch	PDF
Full model	31/01/2021	16/07/2021	10/08/2021	Dutch	PDF
Full model	31/01/2020	17/07/2020	13/08/2020	Dutch	PDF
Full model	31/01/2019	19/07/2019	29/08/2019	Dutch	PDF
Full model	31/03/2017	31/10/2017	30/11/2017	Dutch	PDF
Full model	31/03/2016	16/09/2016	31/10/2016	Dutch	PDF
Full model	31/03/2015	25/09/2015	02/10/2015	Dutch	PDF
Abridged model	31/03/2014	26/09/2014	23/10/2014	Dutch	PDF
Abridged model	31/03/2013	30/10/2013	07/11/2013	Dutch	PDF
Abridged model	31/03/2012	29/10/2012	28/11/2012	Dutch	PDF
Abridged model	31/12/2010	28/10/2011	18/11/2011	Dutch	PDF
Abridged model	31/12/2009	30/09/2010	15/10/2010	Dutch	PDF
Abridged model	31/12/2008	31/07/2009	28/08/2009	Dutch	PDF
Abridged model	31/12/2007	30/06/2008	29/07/2008	Dutch	PDF
Abridged model	31/12/2006	16/07/2007	03/08/2007	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 31/01/2025 · 1 active · 7 ended

Active mandates

Recep Sari

Director · since 04 février 2016

Active

Ended mandates

Recep Sari

Manager · since 04 février 2016

Ended

Recep Sari

Manager · since 11 mars 2003

Ended

Seydi Sari

Manager · since 11 mars 2003 · until 04 février 2016

Ended

Seydi Sari

Manager · since 11 mars 2003

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates29/11/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Mandates12/08/2019
ONTSLAGEN - BENOEMINGEN
PDF
Other17/04/2018
BOEKJAAR
PDF
Mandates29/11/2016
ONTSLAGEN - BENOEMINGEN
PDF
Mandates04/03/2016
ONTSLAGEN - BENOEMINGEN
PDF
Mandates03/10/2012
ONTSLAGEN - BENOEMINGEN
PDF
Other16/01/2012
BOEKJAAR - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Registered office14/02/2011
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 2025882,5 k €↓
2024
Annual accounts 20241,3 M €↑
2023
Annual accounts 20231,1 M €↑
2022
Annual accounts 2022247,4 k €↓
2021
Annual accounts 20211,3 M €↑
2020
Annual accounts 20201,2 M €↓
2019
Annual accounts 20191,7 M €↓
2017
Annual accounts 20172,3 M €↑
2016
Annual accounts 20161,3 M €↓
2015
Annual accounts 20151,5 M €↑
2014
Annual accounts 20141,2 M €↓
2013
Annual accounts 20131,3 M €↑
2012
Annual accounts 2012544 k €↑
2010
Annual accounts 2010453,9 k €↑
2009
Annual accounts 2009251,4 k €↑
2008
Annual accounts 2008209 k €↑
2007
Annual accounts 2007120,7 k €↑
2006
Annual accounts 200622,1 k €
20/03/2003
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

CONA

Overview

What does CONA 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