INDULED
0649.845.263 · rovalta.com · 08/11/2026
ACTIVE
INDULED
Financial year 2025 · Closed on 30/06/2025
Net result25,5 k €+34,5 %over 1 year
Gross margin51,9 k €+17,8 %over 1 year
Equity44,7 k €+133,5 %over 1 year
Overview
Identity
Source · BCE/KBOINDULED is a Private limited company incorporated in 2016. Its main activity is: Activities of holding companies. Its registered office is in Brugge.
- Legal situation
- Normal situation
- BCE/KBO no. / VAT
- BE 0649.845.263
- Incorporation
- 11/03/2016
- Legal form
- Private limited company
- Registered office
- Lorkendreef 9
8200 Brugge · FlandreSee on map - Contributed capital
- 18 600,00 €
- Latest accounts
- 30/06/2025
Activities (NACE)
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA
Financials
Source · NBB, 9 filingsTrend over 9 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | |||||
|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||
| Gross margin | 51,9 k € | +17.8% | 44 k € | -16.4% | 52,7 k € | +249% | 15,1 k € | +87.6% | 8 k € |
| EBITDA | 51,1 k € | +21.1% | 42,2 k € | -18.8% | 52 k € | +255% | 14,6 k € | +92.8% | 7,6 k € |
| Operating result | 34,8 k € | +34.4% | 25,9 k € | -42.1% | 44,7 k € | +205% | 14,6 k € | +92.8% | 7,6 k € |
| Net result | 25,5 k € | +34.5% | 19 k € | -51.9% | 39,5 k € | +268% | 10,7 k € | +94.2% | 5,5 k € |
| Balance sheet | |||||||||
| Equity | 44,7 k € | +133% | 19,1 k € | -75.5% | 78,1 k € | +102% | 38,7 k € | +77.9% | 21,7 k € |
| Total assets | 108,6 k € | -35.4% | 168,2 k € | +5.9% | 158,8 k € | +185% | 55,8 k € | +92.5% | 29 k € |
| Cash | 9,3 k € | -85.9% | 65,8 k € | +17.3% | 56,1 k € | +249% | 16,1 k € | +591% | 2,3 k € |
| Debts | 63,9 k € | -57.1% | 149,1 k € | +84.9% | 80,6 k € | +372% | 17,1 k € | +137% | 7,2 k € |
Valuation
Indicative valuation
As an indication, this company is worth
between 250 k€ and 500 k€
See the valuationBoard of directors
Source · NBB, accounts to 30/06/20251 active
Active mandates
| Director | Mandates in this company | Period |
|---|---|---|
Bart Govaere | MandateDirector2024 accountsendedManager2019 accountsended |
Financials
Full financial information
Source · NBB| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Type of account | Micro model | Micro model | Micro model | Micro model | Micro model | Micro model |
| Start of the financial year | 01/07/2024 | 01/07/2023 | 01/07/2022 | 01/07/2021 | 01/07/2020 | 01/07/2019 |
| Closing of the financial year | 30/06/2025 | 30/06/2024 | 30/06/2023 | 30/06/2022 | 30/06/2021 | 30/06/2020 |
| Length of the financial year | 12 months | 12 months | 12 months | 12 months | 12 months | 12 months |
| Filing date | 06/01/2026 | 14/01/2025 | 19/12/2023 | 20/12/2022 | 20/12/2021 | 21/12/2020 |
| General meeting | 19/12/2025 | 20/12/2024 | 15/12/2023 | 16/12/2022 | 17/12/2021 | 18/12/2020 |
| 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 |
Financial ratios
Source · NBBLooking for more information about this company?
Try for freeAnnual accounts filings
Source · NBB, 9 filings| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Micro model | 30/06/2025 | 19/12/2025 | 06/01/2026 | Dutch | |
| Micro model | 30/06/2024 | 20/12/2024 | 14/01/2025 | Dutch | |
| Micro model | 30/06/2023 | 15/12/2023 | 19/12/2023 | Dutch | |
| Micro model | 30/06/2022 | 16/12/2022 | 20/12/2022 | Dutch | |
| Micro model | 30/06/2021 | 17/12/2021 | 20/12/2021 | Dutch | |
| Micro model | 30/06/2020 | 18/12/2020 | 21/12/2020 | Dutch | |
| Micro model | 30/06/2019 | 20/12/2019 | 28/01/2020 | Dutch | |
| Micro model | 30/06/2018 | 21/12/2018 | 22/01/2019 | Dutch | |
| Micro model | 30/06/2017 | 15/12/2017 | 31/01/2018 | Dutch |
Valuation
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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Board of directors
Source · NBB, accounts to 30/06/20251 active
Active mandates
| Director | Mandates in this company | Period |
|---|---|---|
Bart Govaere | MandateDirector2024 accountsendedManager2019 accountsended |
Ownership and network
Looking for more information about this company?
Try for freePublications
Similar companies
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
Source · CBE, NBB annual accountsYear
Identity
Incorporation
Name
Registered office
Annual accounts
Filings9 filings
Mandates
Bart Govaere
20162017201820192020202120222023202420252026
INDULED
Lorkendreef 9, 8200 Sint-Andries
CurrentPlanned, not yet servedEndedAccounts filedToday
Registered offices
Source · NBB annual accounts, CBE| Registered address | Period | Source |
|---|---|---|
| Lorkendreef 9, 8200 Sint-AndriesCurrent | accounts 2022 → 2025 | Accounts 2025 · 2026-00001765 |
Company names
Source · NBB annual accounts, CBE| Name | Period | Source |
|---|---|---|
| INDULEDCurrent | accounts 2022 → 2025 | Accounts 2025 · 2026-00001765 |
Events
- 2025Annual accounts 202525,5 k €↑
- 2024Annual accounts 202419 k €↓
- 2023Annual accounts 202339,5 k €↑
- 2022Annual accounts 202210,7 k €↑
- 2021Annual accounts 20215,5 k €↑
- 2020Annual accounts 20205 k €↑
- 2019Annual accounts 2019-1,3 k €↓
- 2018Annual accounts 20183,8 k €↑
- 2017Annual accounts 2017-3,6 k €
- 11/03/2016IncorporationPrivate limited company