ACTIVE

INVECON

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Financial year 2025 · closed on 31/12/2025

Net result

29,5 k €

+1569.3% YoY

Gross margin

66,1 k €

-35.1% YoY

Equity

145,4 k €

-26.5% YoY

What does INVECON do?

INVECON is a Private limited company incorporated in 2003. Its main activity is: Service activities incidental to water transportation. Its registered office is in Schoten.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0479.864.839

Incorporation

26/03/2003

Legal form

Private limited company

Registered office

Arthur Verhoevenlaan 24
2900 Schoten · FlandreSee on map

Contributed capital

137 450,00 €

Latest accounts

31/12/2025

Activities (NACE)

52220Service activities incidental to water transportation· main 52220Service activities incidental to water transportation 63220Information service activities 82910Activities of collection agencies and credit bureaus 33150Repair and maintenance of ships and boats 33150Repair and maintenance of ships and boats+4

Joint committees (4)

Signals

ProfitableSolid equityLow riskPositive cashflowPositive EBITDA

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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	66,1 k €	-35.1%	101,8 k €	-12.8%	116,7 k €	+43.9%	81,1 k €	+18.1%	68,7 k €	+182%	-83,7 k €	-335%	35,6 k €	-82.0%	197,9 k €	+24.7%	158,7 k €	+4.3%	152,2 k €	-14.1%	177,2 k €	+11.9%	158,4 k €	-9.9%	175,9 k €	-11.4%	198,5 k €	+920%	19,5 k €	-82.3%	109,8 k €	-79.2%	527 k €	-29.1%	743,8 k €	+184%	262 k €
EBITDA	60,1 k €	+31.3%	45,8 k €	+2.8%	44,5 k €	+521%	7,2 k €	-78.4%	33,3 k €	+131%	-107,5 k €	-444%	31,2 k €	-77.8%	140,8 k €	+135%	60 k €	+2.9%	58,3 k €	-49.8%	116,1 k €	+51.1%	76,8 k €	+3.5%	74,2 k €	+4.8%	70,8 k €	+148%	-147,2 k €	-1339%	-10,2 k €	-102%	504,2 k €	-3.1%	520,2 k €	+160%	200,3 k €
Operating result	33,5 k €	+358%	7,3 k €	-42.5%	12,7 k €	+150%	-25,6 k €	-608%	-3,6 k €	+96.8%	-114,3 k €	-1600%	-6,7 k €	-106%	105,2 k €	+360%	22,9 k €	+6.3%	21,5 k €	-70.8%	73,6 k €	+121%	33,4 k €	+10.7%	30,1 k €	+13.7%	26,5 k €	+113%	-196,7 k €	-644%	-26,4 k €	-105%	484,7 k €	-3.0%	499,4 k €	+178%	179,5 k €
Net result	29,5 k €	+1569%	1,8 k €	-71.2%	6,1 k €	+120%	-30,8 k €	-157%	-12 k €	+89.2%	-111,6 k €	-1268%	-8,2 k €	-110%	82 k €	+163%	-130,6 k €	-3254%	4,1 k €	-92.0%	51,8 k €	+542%	8,1 k €	+542%	1,3 k €	+12.6%	1,1 k €	+100%	-252,4 k €	-567%	-37,9 k €	-112%	304,1 k €	-12.2%	346,4 k €	+221%	107,8 k €
Balance sheet
Equity	145,4 k €	-26.5%	197,9 k €	+0.9%	196,1 k €	+3.2%	190 k €	-14.0%	220,8 k €	-5.2%	232,8 k €	-32.4%	344,4 k €	-2.3%	352,6 k €	+6.7%	330,6 k €	-28.3%	461,1 k €	+0.9%	457 k €	+12.8%	405,2 k €	+2.0%	397,1 k €	+0.3%	395,9 k €	+0.3%	394,8 k €	-39.0%	647,1 k €	-5.5%	685 k €	+51.9%	450,9 k €	+294%	114,5 k €
Total assets	191,5 k €	-41.7%	328,4 k €	-28.2%	457,1 k €	+4.9%	435,8 k €	-14.8%	511,8 k €	+75.5%	291,6 k €	-20.3%	365,8 k €	-7.4%	395,3 k €	-53.4%	849 k €	-18.2%	1 M €	-2.7%	1,1 M €	-0.4%	1,1 M €	-4.6%	1,1 M €	-2.4%	1,1 M €	-1.8%	1,2 M €	-5.7%	1,2 M €	-41.4%	2,1 M €	-8.0%	2,3 M €	+132%	994,1 k €
Cash	41,5 k €	+48.2%	28 k €	-64.1%	77,9 k €	+41.9%	54,9 k €	+5.8%	51,9 k €	+77.3%	29,3 k €	-56.0%	66,4 k €	-68.0%	207,5 k €	+927%	20,2 k €	+44.8%	14 k €	-38.7%	22,8 k €	+50.0%	15,2 k €	+19.5%	12,7 k €	+33.9%	9,5 k €	-8.6%	10,4 k €	-97.7%	457,7 k €	+65.2%	277,1 k €	-18.6%	340,4 k €	+158%	132 k €
Debts	46,2 k €	-64.6%	130,5 k €	-50.0%	260,9 k €	+6.1%	245,8 k €	-15.5%	290,9 k €	+395%	58,8 k €	+174%	21,4 k €	-49.8%	42,7 k €	-91.8%	518,4 k €	-10.1%	576,8 k €	-5.4%	609,8 k €	-8.4%	665,7 k €	-8.3%	725,5 k €	-3.7%	753,3 k €	-1.5%	764,6 k €	+396%	154,1 k €	-86.3%	1,1 M €	-35.1%	1,7 M €	+97.4%	879,6 k €
Other
Workforce	–		–		–		–		–		–		–		1,0 ETP	-50.0%	2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP	+5.3%	1,9 ETP	-17.4%	2,3 ETP	-23.3%	3,0 ETP	+42.9%	2,1 ETP	+5.0%	2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 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 31/12/2025 · 1 active · 3 ended

Active mandates

Paul Bauwens

Director · since 26 mars 2003

Active

Ended mandates

Paul Bauwens

Director

Ended

Paul Bauwens

Manager

Ended

Paul BAUWENS

Mandate

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	31/08/2026	29/08/2025	30/08/2024	30/08/2023	31/08/2022	29/08/2021
General meeting	27/08/2026	19/08/2025	29/06/2024	30/08/2023	26/08/2022	09/06/2021
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
Micro model	31/12/2025	27/08/2026	31/08/2026	Dutch	PDF
Micro model	31/12/2024	19/08/2025	29/08/2025	Dutch	PDF
Micro model	31/12/2023	29/06/2024	30/08/2024	Dutch	PDF
Micro model	31/12/2022	30/08/2023	30/08/2023	Dutch	PDF
Micro model	31/12/2021	26/08/2022	31/08/2022	Dutch	PDF
Abridged model	31/12/2020	09/06/2021	29/08/2021	Dutch	PDF
Abridged model	31/12/2019	07/09/2020	30/09/2020	Dutch	PDF
Abridged model	31/12/2018	26/08/2019	30/08/2019	Dutch	PDF
Abridged model	31/12/2017	21/08/2018	30/08/2018	Dutch	PDF
Abridged model	31/12/2016	14/06/2017	31/07/2017	Dutch	PDF
Abridged model	31/12/2015	10/06/2016	12/07/2016	Dutch	PDF
Abridged model	31/12/2014	12/06/2015	31/07/2015	Dutch	PDF
Abridged model	31/12/2013	11/06/2014	31/07/2014	Dutch	PDF
Abridged model	31/12/2012	12/06/2013	29/07/2013	Dutch	PDF
Abridged model	31/12/2011	13/06/2012	31/08/2012	Dutch	PDF
Abridged model	30/06/2010	08/12/2010	27/01/2011	Dutch	PDF
Abridged model	30/06/2009	09/12/2009	15/02/2010	Dutch	PDF
Abridged model	30/06/2008	10/12/2008	27/02/2009	Dutch	PDF
Abridged model	30/06/2007	12/12/2007	04/02/2008	Dutch	PDF
Abridged model	30/06/2006	13/12/2006	07/02/2007	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 31/12/2025 · 1 active · 3 ended

Active mandates

Paul Bauwens

Director · since 26 mars 2003

Active

Ended mandates

Paul Bauwens

Director

Ended

Paul Bauwens

Manager

Ended

Paul BAUWENS

Mandate

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Registered office05/06/2024
MAATSCHAPPELIJKE ZETEL
PDF
Other30/01/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - BENAMING
PDF
Restructuring17/09/2021
DOEL - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring30/06/2021
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Registered office24/12/2019
MAATSCHAPPELIJKE ZETEL
PDF
Registered office27/07/2018
BENAMING - MAATSCHAPPELIJKE ZETEL
PDF
Other13/07/2011
BOEKJAAR
PDF
Registered office15/10/2010
BENAMING - MAATSCHAPPELIJKE ZETEL - 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

2025
Annual accounts 202529,5 k €↑
2024
Annual accounts 20241,8 k €↓
2023
Annual accounts 20236,1 k €↑
2022
Annual accounts 2022-30,8 k €↓
2021
Annual accounts 2021-12 k €↑
2020
Annual accounts 2020-111,6 k €↓
2019
Annual accounts 2019-8,2 k €↓
2018
Annual accounts 201882 k €↑
2017
Annual accounts 2017-130,6 k €↓
2016
Annual accounts 20164,1 k €↓
2015
Annual accounts 201551,8 k €↑
2014
Annual accounts 20148,1 k €↑
2013
Annual accounts 20131,3 k €↑
2012
Annual accounts 20121,1 k €↑
2011
Annual accounts 2011-252,4 k €↓
2010
Annual accounts 2010-37,9 k €↓
2009
Annual accounts 2009304,1 k €↓
2008
Annual accounts 2008346,4 k €↑
2007
Annual accounts 2007107,8 k €
26/03/2003
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

INVECON

Overview

What does INVECON do?

Trend over 19 financial years

Indicative valuation

Board of directors

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