ACTIVE

Denderstroom

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Financial year 2025 · closed on 31/12/2025

Net result

92,6 k €

+10.9% YoY

Gross margin

206,2 k €

+133.6% YoY

Equity

1,7 M €

+9.1% YoY

What does Denderstroom do?

Denderstroom is a Cooperative society incorporated in 2016. Its main activity is: Production of electricity. Its registered office is in Aalst.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0661.939.579

Incorporation

02/09/2016

Legal form

Cooperative society

Registered office

Keizersplein 29
9300 Aalst · FlandreSee on map

Contributed capital

1 512 000,00 €

Latest accounts

31/12/2025

Activities (NACE)

35110Production of electricity· main 35110Production of electricity 35140Trade of electricity 35150Electric power generation, transmission and distribution

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 9 financial years

	2025		2024		2023		2022		2021		2019		2018		2017		2016
Income statement
Gross margin	206,2 k €	+134%	88,3 k €	+0.4%	87,9 k €	-12.2%	100,1 k €	+10.2%	90,9 k €	+373%	19,2 k €	+171%	7,1 k €	+1109%	586,1 €	+152%	-1,1 k €
EBITDA	144,1 k €	+65.7%	87 k €	+0.4%	86,6 k €	-12.5%	99 k €	+9.5%	90,4 k €	+382%	18,7 k €	+184%	6,6 k €	+5840%	111,2 €	+107%	-1,7 k €
Operating result	78,3 k €	+118%	36 k €	-11.3%	40,5 k €	-32.0%	59,6 k €	+6.1%	56,2 k €	+603%	8 k €	+650%	1,1 k €	+138%	-2,8 k €	-65.9%	-1,7 k €
Net result	92,6 k €	+10.9%	83,6 k €	+21.0%	69,1 k €	+11.4%	62 k €	+10.4%	56,1 k €	+619%	7,8 k €	+305%	1,9 k €	+168%	-2,8 k €	-61.7%	-1,8 k €
Balance sheet
Equity	1,7 M €	+9.1%	1,5 M €	+32.7%	1,2 M €	+10.3%	1,1 M €	+19.3%	886,5 k €	+129%	386,5 k €	+4.8%	369 k €	+51.0%	244,4 k €	+608%	34,5 k €
Total assets	2,5 M €	+3.2%	2,4 M €	+34.4%	1,8 M €	+6.1%	1,7 M €	+81.7%	921,9 k €	+110%	438,3 k €	+18.7%	369,4 k €	+51.1%	244,4 k €	+533%	38,6 k €
Cash	285,9 k €	+85.7%	154 k €	-44.2%	275,9 k €	+38.4%	199,4 k €	-5.4%	210,7 k €	+50.8%	139,8 k €	-37.0%	221,8 k €	+1.8%	217,9 k €	+795%	24,3 k €
Debts	775,1 k €	-7.8%	840,4 k €	+37.7%	610,2 k €	-1.2%	617,4 k €	+1646%	35,4 k €	-31.7%	51,8 k €	+13441%	382,2 €		–		4,1 k €

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 · 8 active · 16 ended

Active mandates

Laura Van den Berghe

Director · since 20 avril 2024

Active

Siebe Temmerman

Director · since 20 avril 2024

Active

Jo Stulens

Director · since 26 octobre 2022

Active

Joachim Rummens

Administrator - manager · since 26 octobre 2022

Active

Michaël Piron

Director · since 24 avril 2021

Active

Herman Barrez

Director · since 04 mai 2019

Active

Luc Klinkenborg

Director · since 30 août 2016

Active

Gudrun Wyntin

Director

Active

Ended mandates

Joachim Rummens

Director · since 26 octobre 2022

Ended

Frans Verleysen

Director · since 02 septembre 2016

Ended

Gudrun Wyntin

Director · since 02 septembre 2016

Ended

Alex Polfliet

Director

Ended

At this address

Other companies at this address

Company	CBE no.
Aalst Troef● Active	0630.698.849
Dr. Lien Van den Haute - Gynaecologie● Active	0780.984.711
JOELCO● Active	0447.667.074
MIDFIELD● Active	0733.722.351

Annual accounts

Full financial information

	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	01/01/2025	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	11/05/2026	31/08/2025	22/07/2024	16/05/2023	15/06/2022	20/05/2021
General meeting	25/04/2026	15/03/2025	20/04/2024	22/04/2023	21/05/2022	24/04/2021
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

10 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	25/04/2026	11/05/2026	Dutch	PDF
Micro model	31/12/2024	15/03/2025	31/08/2025	Dutch	PDF
Micro model	31/12/2023	20/04/2024	22/07/2024	Dutch	PDF
Micro model	31/12/2022	22/04/2023	16/05/2023	Dutch	PDF
Micro model	31/12/2021	21/05/2022	15/06/2022	Dutch	PDF
Micro model	31/12/2020	24/04/2021	20/05/2021	Dutch	PDF
Micro model	31/12/2019	06/06/2020	07/07/2020	Dutch	PDF
Micro model	31/12/2018	04/05/2019	09/04/2020	Dutch	PDF
Micro model	31/12/2017	21/05/2018	09/04/2020	Dutch	PDF
Micro model	31/12/2016	30/06/2017	09/04/2020	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 · 8 active · 16 ended

Active mandates

Laura Van den Berghe

Director · since 20 avril 2024

Active

Siebe Temmerman

Director · since 20 avril 2024

Active

Jo Stulens

Director · since 26 octobre 2022

Active

Joachim Rummens

Administrator - manager · since 26 octobre 2022

Active

Michaël Piron

Director · since 24 avril 2021

Active

Herman Barrez

Director · since 04 mai 2019

Active

Luc Klinkenborg

Director · since 30 août 2016

Active

Gudrun Wyntin

Director

Active

Ended mandates

Joachim Rummens

Director · since 26 octobre 2022

Ended

Frans Verleysen

Director · since 02 septembre 2016

Ended

Gudrun Wyntin

Director · since 02 septembre 2016

Ended

Alex Polfliet

Director

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates20/05/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/11/2022
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates24/10/2022
ONTSLAGEN - BENOEMINGEN
PDF
Registered office18/06/2019
MAATSCHAPPELIJKE ZETEL
PDF
Other06/09/2016
RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
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 202592,6 k €↑
2024
Annual accounts 202483,6 k €↑
2023
Annual accounts 202369,1 k €↑
2022
Annual accounts 202262 k €↑
2021
Annual accounts 202156,1 k €↑
2019
Annual accounts 20197,8 k €↑
2018
Annual accounts 20181,9 k €↑
2017
Annual accounts 2017-2,8 k €↓
2016
Annual accounts 2016-1,8 k €
02/09/2016
IncorporationCooperative society

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

Denderstroom

Overview

What does Denderstroom do?

Trend over 9 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