ACTIVE

Cableco

Export PDF

Financial year 2025 · closed on 31/12/2025

Net result

225,8 k €

+107.9% YoY

Revenue

5,9 M €

-20.3% YoY

Equity

43,6 M €

-10.9% YoY

What does Cableco do?

Cableco is a Private limited company incorporated in 2015. Its main activity is: Construction of utility projects for electricity and telecommunications. Its registered office is in Kortrijk.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0631.913.428

Incorporation

10/06/2015

Legal form

Private limited company

Registered office

President Kennedypark(Kor) 8A box 1
8500 Kortrijk · FlandreSee on map

Contributed capital

43 517 901,61 €

Latest accounts

31/12/2025

Activities (NACE)

42220Construction of utility projects for electricity and telecommunications· main 42220Construction of utility projects for electricity and telecommunications

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHigh revenue

View the BCE/KBO Public Search record →

Health score

Available with a Rovalta subscriptionTry for 7 days

Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 10 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016
Income statement
Revenue	5,9 M €	-20.3%	7,4 M €	-3.6%	7,7 M €	+2.7%	7,5 M €	+7.4%	6,9 M €	-15.8%	8,2 M €	+22.7%	6,7 M €	-0.9%	6,8 M €	+1.8%	6,7 M €	-25.7%	9 M €
EBITDA	5,7 M €	+3.0%	5,6 M €	-4.9%	5,9 M €	+2.8%	5,7 M €	+0.6%	5,7 M €	-0.9%	5,7 M €	-2.3%	5,9 M €	+9.7%	5,3 M €	-5.7%	5,7 M €	-23.8%	7,4 M €
Operating result	308,1 k €	+109%	147,6 k €	-68.8%	473 k €	+48.7%	318,1 k €	+10.3%	288,3 k €	-25.4%	386,4 k €	-27.4%	531,9 k €	+651%	70,8 k €	-78.2%	325,2 k €	-1.9%	331,6 k €
Net result	225,8 k €	+108%	108,6 k €	-68.5%	345,3 k €	+51.0%	228,6 k €	+12.3%	203,6 k €	-36.7%	321,8 k €	-17.2%	388,8 k €	+419%	74,9 k €	-71.9%	266,6 k €	-17.5%	323,2 k €
Balance sheet
Equity	43,6 M €	-10.9%	48,9 M €	-9.8%	54,2 M €	-8.9%	59,5 M €	-8.2%	64,8 M €	-7.6%	70,1 M €	-13.1%	80,8 M €	-6.2%	86,1 M €	-5.8%	91,4 M €	-5.5%	96,7 M €
Total assets	44,5 M €	-10.9%	49,9 M €	-9.8%	55,3 M €	-9.1%	60,8 M €	-7.5%	65,7 M €	-7.9%	71,4 M €	-12.4%	81,5 M €	-5.7%	86,4 M €	-6.4%	92,3 M €	-5.5%	97,7 M €
Cash	496,4 k €	+51.5%	327,7 k €	-54.5%	720,3 k €	-24.9%	958,8 k €	+118%	439,2 k €	+7.6%	408,2 k €	-31.9%	599,5 k €	+3.6%	578,8 k €	+54.8%	373,9 k €	-44.5%	674,2 k €
Debts	367,3 k €	-33.5%	552,4 k €	-4.2%	576,6 k €	-18.3%	706 k €	+68.9%	418,1 k €	+4.6%	399,9 k €	-11.5%	452 k €	+359%	98,4 k €	-60.9%	251,7 k €	-32.5%	372,8 k €

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 · 13 ended

Active mandates

Kenta Nishikawa

Director · since 19 mai 2023 · until 15 mai 2026

Active

VAN LEEUW CONSULTING

Director · since 20 décembre 2021 · until 15 mai 2026 · 0562.832.206

Represented by François Van Leeuw

Active

Rik Van de Walle

Chairman of the board of directors · since 21 mai 2021 · until 15 mai 2026

Active

Ended mandates

VAN LEEUW CONSULTING

Director · since 23 décembre 2021 · until 15 mai 2026 · 0562.832.206

Represented by François Van Leeuw

Ended

Motoo Shimada

Director · since 21 mai 2021 · until 19 mai 2023

Ended

Motoo Shimada

Director · since 21 mai 2021 · until 15 mai 2026

Ended

Wim Colruyt

Director · since 21 mai 2021 · until 23 décembre 2021

Ended

At this address

Other companies at this address

Company	CBE no.
AEB Energy Storage● Active	1036.071.549
A&P WIND SERVICES● Active	0563.425.686
ASPIRAVI● Active	0477.518.825
ASPIRAVI ANTILLEN● Active	0654.923.313
ASPIRAVI ENERGY● Active	0553.706.187
ASPIRAVI HOLDING● Active	0833.432.809
ASPIRAVI INTERNATIONAL● Active	0665.755.639
ASPIRAVI OFFSHORE● Active	0477.948.593
ASPIRAVI OFFSHORE II● Active	0847.319.645
Northwind● Active	0894.163.222
TeaMWise● Active	0552.706.295

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	01/01/2025	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	11/06/2026	16/06/2025	17/06/2024	12/06/2023	15/06/2022	09/09/2021
General meeting	15/05/2026	16/05/2025	17/05/2024	19/05/2023	20/05/2022	21/05/2021
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

Looking for more information about this company?

Try for 7 days

Filings

Annual accounts filings

12 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	15/05/2026	11/06/2026	Dutch	PDF
Full model	31/12/2024	16/05/2025	16/06/2025	Dutch	PDF
Full model	31/12/2023	17/05/2024	17/06/2024	Dutch	PDF
Full model	31/12/2022	19/05/2023	12/06/2023	Dutch	PDF
Full model	31/12/2021	20/05/2022	15/06/2022	Dutch	PDF
Full model	31/12/2020	21/05/2021	09/09/2021	Dutch	PDF
Full model	31/12/2020	21/05/2021	27/05/2021	Dutch	PDF
Full model	31/12/2019	15/05/2020	11/06/2020	Dutch	PDF
Full model	31/12/2018	17/05/2019	27/05/2019	Dutch	PDF
Full modelCorrection	31/12/2017	18/05/2018	27/05/2019	Dutch	PDF
Full model	31/12/2017	18/05/2018	06/06/2018	Dutch	PDF
Full model	31/12/2016	19/05/2017	06/06/2017	Dutch	PDF

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 · 13 ended

Active mandates

Kenta Nishikawa

Director · since 19 mai 2023 · until 15 mai 2026

Active

VAN LEEUW CONSULTING

Director · since 20 décembre 2021 · until 15 mai 2026 · 0562.832.206

Represented by François Van Leeuw

Active

Rik Van de Walle

Chairman of the board of directors · since 21 mai 2021 · until 15 mai 2026

Active

Ended mandates

VAN LEEUW CONSULTING

Director · since 23 décembre 2021 · until 15 mai 2026 · 0562.832.206

Represented by François Van Leeuw

Ended

Motoo Shimada

Director · since 21 mai 2021 · until 19 mai 2023

Ended

Motoo Shimada

Director · since 21 mai 2021 · until 15 mai 2026

Ended

Wim Colruyt

Director · since 21 mai 2021 · until 23 décembre 2021

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Other30/06/2026
—
PDF
Mandates13/05/2026
ONTSLAGEN - BENOEMINGEN
PDF
Registered office29/12/2025
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - MAATSCHAPPELIJKE ZETEL
PDF
Capital / shares30/12/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DIVERSEN - KAPITAAL - AANDELEN
PDF
Mandates13/09/2024
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares25/01/2024
KAPITAAL - AANDELEN
PDF
Mandates15/01/2024
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares28/12/2022
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DIVERSEN - 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

02/04/2026
nominationMarlies Vlasselaer — bestuurder
2025
Annual accounts 2025225,8 k €↑
2024
Annual accounts 2024108,6 k €↓
20/12/2024
apport
08/03/2024
nominationRik Van de Walle — vertegenwoordiger van A&P Wind Services NV (bijzondere volmacht)
2023
Annual accounts 2023345,3 k €↑
21/12/2023
augmentation_capital
19/05/2023
nominationKenta Nishikawa — bestuurder
19/05/2023
reconductionEY Bedrijfsrevisoren BV — commissaris
2022
Annual accounts 2022228,6 k €↑
22/12/2022
apport
2021
Annual accounts 2021203,6 k €↓
2020
Annual accounts 2020321,8 k €↓
2019
Annual accounts 2019388,8 k €↑
2018
Annual accounts 201874,9 k €↓
2017
Annual accounts 2017266,6 k €↓
2016
Annual accounts 2016323,2 k €
10/06/2015
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

Cableco

Overview

What does Cableco do?

Trend over 10 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