ACTIVE

10-4

Financial year 2025 · closed on 31/12/2025
Net result
35 k €
-75.9% YoY
Gross margin
62,2 k €
-73.9% YoY
Equity
412,4 k €
-37.4% YoY
Workforce
0,0 ETP

What does 10-4 do?

10-4 is a Private limited company incorporated in 2009. Its main activity is: Photographic activities. Its registered office is in Gent.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0810.745.596
Incorporation
27/03/2009
Legal form
Private limited company
Registered office
Galeipad 17 box 902
9000 Gent · FlandreSee on map
Contributed capital
6 200,00 €
Latest accounts
31/12/2025
Average workforce
0,0 ETP
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 17 financial years

20252024202320222021202020192018201720162015201420132012201120102009
Income statement
Gross margin62,2 k €238,5 k €345,2 k €120,6 k €189,1 k €157,6 k €48,8 k €151,9 k €104,5 k €110,7 k €53,4 k €48,1 k €65,2 k €73,5 k €71,8 k €112,1 k €35 k €
EBITDA60,8 k €235,4 k €343,9 k €114,3 k €187,8 k €156,4 k €47,1 k €150,4 k €102,8 k €108,5 k €52,1 k €46,3 k €60,7 k €19,1 k €71,3 k €111 k €35 k €
Operating result32,8 k €207,4 k €315,9 k €94,1 k €176,3 k €137,1 k €27,4 k €130,7 k €82,9 k €88,2 k €40,7 k €34,3 k €41,5 k €-15,2 k €60,3 k €103,1 k €34,4 k €
Net result35 k €145,3 k €224 k €68,9 k €122,1 k €91,1 k €14,5 k €84 k €43,5 k €46,3 k €17,1 k €11,1 k €27,6 k €-26,3 k €42,4 k €68,9 k €28,2 k €
Balance sheet
Equity412,4 k €658,7 k €611 k €430,5 k €407,9 k €303,6 k €213,3 k €210,8 k €127,6 k €84,1 k €37,8 k €20,7 k €9,6 k €-18 k €51,3 k €8,8 k €24,4 k €
Total assets792,3 k €829,4 k €794,3 k €663,8 k €611,5 k €528,8 k €534,5 k €516 k €463,3 k €445,4 k €378 k €390,3 k €464,3 k €413,4 k €122,5 k €131,8 k €42,6 k €
Cash113,3 k €220,1 k €46,5 k €10,7 k €34,8 k €31,3 k €118,6 k €80,8 k €71,1 k €14,1 k €5,1 k €969,9 €1,7 k €988,3 €6,4 k €9,3 k €9,7 k €
Debts379,9 k €170,8 k €183,3 k €233,3 k €203,6 k €224,5 k €321,1 k €304,7 k €335,6 k €361,3 k €339,9 k €369,6 k €453,9 k €431,4 k €71,2 k €122,9 k €18,2 k €
Other
Workforce0,0 ETP0,0 ETP0,0 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 3 ended

Active mandates

Koen Denolf

Director · since 27 mars 2009

Active

Ended mandates

KOEN DENOLF

Director · since 26 mars 2009

Ended
KOEN DENOLF

Manager · since 26 mars 2009

Ended
KOEN DENOLF

Manager

Ended
At this address

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0648.745.502
MACHAActive
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ONYGOActive
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Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date25/06/202616/06/202513/06/202413/06/202309/06/202216/03/2021
General meeting01/06/202601/06/202501/06/202401/06/202301/06/202219/02/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

17 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202501/06/202625/06/2026DutchPDF
Abridged model31/12/202401/06/202516/06/2025DutchPDF
Abridged model31/12/202301/06/202413/06/2024DutchPDF
Abridged model31/12/202201/06/202313/06/2023DutchPDF
Abridged model31/12/202101/06/202209/06/2022DutchPDF
Abridged model31/12/202019/02/202116/03/2021DutchPDF
Abridged model31/12/201901/06/202025/06/2020DutchPDF
Abridged model31/12/201801/06/201907/06/2019DutchPDF
Abridged model31/12/201701/06/201829/06/2018DutchPDF
Abridged model31/12/201601/06/201716/06/2017DutchPDF
Abridged model31/12/201501/06/201602/06/2016DutchPDF
Abridged model31/12/201401/06/201503/06/2015DutchPDF
Abridged model31/12/201301/06/201402/06/2014DutchPDF
Abridged model31/12/201201/06/201328/06/2013DutchPDF
Abridged model31/12/201101/06/201229/06/2012DutchPDF
Abridged model31/12/201001/06/201128/07/2011DutchPDF
Abridged model31/12/200903/05/201001/06/2010DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 · 1 active · 3 ended

Active mandates

Koen Denolf

Director · since 27 mars 2009

Active

Ended mandates

KOEN DENOLF

Director · since 26 mars 2009

Ended
KOEN DENOLF

Manager · since 26 mars 2009

Ended
KOEN DENOLF

Manager

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates14/09/2023
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM - BENAMING - DIVERSEN - ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office13/10/2022
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Registered office25/09/2012
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates03/12/2009
    MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
    PDF
  • Other06/04/2009
    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

Timeline

  1. 2025
    Annual accounts 202535 k €
  2. 2024
    Annual accounts 2024145,3 k €
  3. 2023
    Annual accounts 2023224 k €
  4. 2022
    Annual accounts 202268,9 k €
  5. 2021
    Annual accounts 2021122,1 k €
  6. 2020
    Annual accounts 202091,1 k €
  7. 2019
    Annual accounts 201914,5 k €
  8. 2018
    Annual accounts 201884 k €
  9. 2017
    Annual accounts 201743,5 k €
  10. 2016
    Annual accounts 201646,3 k €
  11. 2015
    Annual accounts 201517,1 k €
  12. 2014
    Annual accounts 201411,1 k €
  13. 2013
    Annual accounts 201327,6 k €
  14. 2012
    Annual accounts 2012-26,3 k €
  15. 2011
    Annual accounts 201142,4 k €
  16. 2010
    Annual accounts 201068,9 k €
  17. 2009
    Annual accounts 200928,2 k €
  18. 27/03/2009
    IncorporationPrivate limited company