ACTIVE

GINDAC

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Financial year 2025 · closed on 31/12/2025
Net result
897 k €
+107.3% YoY
Gross margin
279,4 k €
-13.1% YoY
Equity
3 M €
+43.7% YoY

What does GINDAC do?

GINDAC is a Public limited company incorporated in 2009. Its main activity is: Management consultancy activities. Its registered office is in Gent.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0818.399.490
Incorporation
09/09/2009
Legal form
Public limited company
Registered office
Foreestelaan 86 box 201
9000 Gent · FlandreSee on map
Contributed capital
2 600 000,00 €
Latest accounts
31/12/2025
Activities (NACE)
70200Management consultancy activities· main70220Business and other management consultancy activities
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 15 financial years

202520242023202220212019201820172016201520142013201220112010
Income statement
Gross margin279,4 k €321,6 k €183,3 k €160,5 k €202,4 k €12,9 k €161,9 k €65,1 k €57,7 k €60,3 k €-64 k €-7,8 k €-8,1 k €-13,5 k €-10,1 k €
EBITDA278,2 k €320,5 k €182,3 k €160,1 k €201,4 k €11,9 k €160,9 k €64,1 k €56,7 k €59,3 k €-64,9 k €-8,8 k €-9,1 k €-13,9 k €-11,2 k €
Operating result278,2 k €320,5 k €182,3 k €160,1 k €201,4 k €11,9 k €160,9 k €64,1 k €56,7 k €59,3 k €-64,9 k €-8,8 k €-9,1 k €-13,9 k €-16,7 k €
Net result897 k €432,8 k €705,1 k €1,3 M €559,4 k €235,6 k €265,8 k €34,4 k €6,4 k €158,4 k €-1,9 M €232,8 k €-59,2 k €-1,8 M €-1 M €
Balance sheet
Equity3 M €2,1 M €1,6 M €3,3 M €2 M €1,1 M €860,5 k €594,7 k €560,3 k €553,9 k €395,4 k €2,3 M €2,1 M €2,1 M €4 M €
Total assets3 M €2,1 M €1,6 M €3,3 M €2,1 M €1,6 M €1,5 M €1,5 M €1,6 M €1,6 M €1,5 M €2,8 M €2,8 M €3,9 M €4,7 M €
Cash444,7 k €486,8 k €53,9 k €1,8 M €464,8 k €37,3 k €15,2 k €20,3 k €91,5 k €1,8 k €36,1 k €40,3 k €2,9 k €8,8 k €472,5 €
Debts11,7 k €21,1 k €9,2 k €14,4 k €8,6 k €518,4 k €672,4 k €926 k €1 M €1 M €1,1 M €500 k €740,2 k €1,7 M €772 k €
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 · 3 active · 22 ended

Active mandates

INSUMAT

Managing director · since 17 mai 2022 · until 16 mai 2028 · 0437.119.216

Represented by Sophie Maes

Active
JAY

Director · since 17 mai 2022 · until 16 mai 2028 · 0430.904.286

Represented by Antoine Maes

Active
VESTIMA

Director · since 17 mai 2022 · until 16 mai 2028 · 0561.832.413

Represented by Olivier Maes

Active

Ended mandates

INSUMAT

Managing director · since 21 mai 2019 · until 17 mai 2022 · 0437.119.216

Represented by Sophie Maes

Ended
INSUMAT

Managing director · since 21 mai 2019 · until 17 mai 2022 · 0437.119.216

Represented by Sophie MAES

Ended
VESTIMA

Director · since 21 mai 2019 · until 17 mai 2022 · 0561.832.413

Represented by Christophe Maes

Ended
VESTIMA

Director · since 19 avril 2018 · until 15 mai 2018 · 0561.832.413

Represented by Christoph MAES

Ended
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Annual accounts

Full financial information

202520242023202220212019
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2019
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2019
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date26/05/202622/05/202528/05/202422/05/202323/05/202213/07/2020
General meeting19/05/202620/05/202521/05/202416/05/202317/05/202225/05/2020
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

15 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202519/05/202626/05/2026DutchPDF
Abridged model31/12/202420/05/202522/05/2025DutchPDF
Abridged model31/12/202321/05/202428/05/2024DutchPDF
Abridged model31/12/202216/05/202322/05/2023DutchPDF
Abridged model31/12/202117/05/202223/05/2022DutchPDF
Abridged model31/12/201925/05/202013/07/2020DutchPDF
Abridged model31/12/201821/05/201924/06/2019DutchPDF
Abridged model31/12/201715/05/201804/07/2018DutchPDF
Abridged model31/12/201616/05/201727/06/2017DutchPDF
Abridged model31/12/201517/05/201624/06/2016DutchPDF
Abridged model31/12/201419/05/201530/06/2015DutchPDF
Abridged model31/12/201310/06/201410/07/2014DutchPDF
Abridged model31/12/201221/05/201301/07/2013DutchPDF
Abridged model31/12/201115/05/201227/06/2012DutchPDF
Abridged model31/12/201017/05/201123/06/2011DutchPDF
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 · 3 active · 22 ended

Active mandates

INSUMAT

Managing director · since 17 mai 2022 · until 16 mai 2028 · 0437.119.216

Represented by Sophie Maes

Active
JAY

Director · since 17 mai 2022 · until 16 mai 2028 · 0430.904.286

Represented by Antoine Maes

Active
VESTIMA

Director · since 17 mai 2022 · until 16 mai 2028 · 0561.832.413

Represented by Olivier Maes

Active

Ended mandates

INSUMAT

Managing director · since 21 mai 2019 · until 17 mai 2022 · 0437.119.216

Represented by Sophie Maes

Ended
INSUMAT

Managing director · since 21 mai 2019 · until 17 mai 2022 · 0437.119.216

Represented by Sophie MAES

Ended
VESTIMA

Director · since 21 mai 2019 · until 17 mai 2022 · 0561.832.413

Represented by Christophe Maes

Ended
VESTIMA

Director · since 19 avril 2018 · until 15 mai 2018 · 0561.832.413

Represented by Christoph MAES

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates03/04/2026
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates07/04/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares09/08/2023
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - DOEL - KAPITAAL - AANDELEN
    PDF
  • Mandates14/11/2022
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates02/09/2020
    MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates02/06/2016
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates30/07/2013
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other18/09/2009
    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 2025897 k €↑
  2. 2024
    Annual accounts 2024432,8 k €↓
  3. 2023
    Annual accounts 2023705,1 k €↓
  4. 2022
    Annual accounts 20221,3 M €↑
  5. 2021
    Annual accounts 2021559,4 k €↑
  6. 2019
    Annual accounts 2019235,6 k €↓
  7. 2018
    Annual accounts 2018265,8 k €↑
  8. 2017
    Annual accounts 201734,4 k €↑
  9. 2016
    Annual accounts 20166,4 k €↓
  10. 2015
    Annual accounts 2015158,4 k €↑
  11. 2014
    Annual accounts 2014-1,9 M €↓
  12. 2013
    Annual accounts 2013232,8 k €↑
  13. 2012
    Annual accounts 2012-59,2 k €↑
  14. 2011
    Annual accounts 2011-1,8 M €↓
  15. 2010
    Annual accounts 2010-1 M €
  16. 09/09/2009
    IncorporationPublic limited company