ACTIVE

ENTRADO

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Financial year 2025 · closed on 30/09/2025

Net result

5,4 M €

-0.7% YoY

Revenue

147,5 M €

+57.1% YoY

Equity

4,8 M €

-49.1% YoY

Workforce

10,5 ETP

+32.9% YoY

What does ENTRADO do?

ENTRADO is a Private limited company incorporated in 2011. Its main activity is: Trade of electricity. Its registered office is in Waregem. It employs on average 10,5 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0833.105.977

Incorporation

24/01/2011

Legal form

Private limited company

Registered office

Meersstraat 13 box 2.1
8790 Waregem · FlandreSee on map

Contributed capital

218 600,00 €

Latest accounts

30/09/2025

Average workforce

10,5 ETP

Activities (NACE)

35140Trade of electricity· main 35150Electric power generation, transmission and distribution 43211Electrical installation 43211Electrical installation 43221Plumbing, heat and air-conditioning installation 43221Plumbing, heat and air-conditioning installation

Joint committees (4)

Signals

ProfitableLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 12 financial years

	2025		2024		2023		2022		2021		2018		2017		2016		2015		2014		2013		2012
Income statement
Revenue	147,5 M €	+57.1%	93,9 M €	-25.3%	125,8 M €	-0.4%	126,3 M €	+133%	54,2 M €		–		–		–		–		–		–		–
EBITDA	6,8 M €	-3.8%	7 M €	+19.6%	5,9 M €	+188%	2 M €	+341%	461,9 k €	+249%	132,3 k €	+1726%	7,2 k €	+335%	1,7 k €	-96.6%	49,3 k €	+17.0%	42,1 k €	+221%	-34,9 k €	-109%	403,9 k €
Operating result	6,7 M €	-3.9%	7 M €	+19.5%	5,8 M €	+189%	2 M €	+357%	442,6 k €	+244%	128,7 k €	+1677%	7,2 k €	+335%	1,7 k €	-96.5%	47,8 k €	+117%	22 k €	+128%	-78,6 k €	-123%	338,7 k €
Net result	5,4 M €	-0.7%	5,5 M €	+23.9%	4,4 M €	+201%	1,5 M €	+354%	322,5 k €	+277%	85,6 k €	+1642%	4,9 k €	+348%	1,1 k €	+101%	-135,9 k €	-748%	21 k €	+124%	-88,3 k €	-141%	214,4 k €
Balance sheet
Equity	4,8 M €	-49.1%	9,3 M €	+47.9%	6,3 M €	+201%	2,1 M €	+178%	754,3 k €	+521%	121,4 k €	+239%	35,8 k €	+15.9%	30,9 k €	+3.7%	29,8 k €	-82.0%	165,7 k €	+14.5%	144,7 k €	-37.9%	233 k €
Total assets	28,2 M €	+38.9%	20,3 M €	-34.0%	30,7 M €	-65.2%	88,3 M €	+99.4%	44,3 M €	+1478%	2,8 M €	+5348%	51,5 k €	-11.6%	58,3 k €	-6.0%	62 k €	-85.5%	427,3 k €	-9.3%	471 k €	-34.4%	718,3 k €
Cash	20,8 M €	+318%	5 M €	-61.5%	13 M €	-55.6%	29,2 M €	+395%	5,9 M €	+525%	944,7 k €	+4411%	20,9 k €	-61.5%	54,4 k €	+5.5%	51,6 k €	+321%	12,2 k €	+78.6%	6,9 k €	-94.4%	122,4 k €
Debts	22,9 M €	+116%	10,6 M €	-56.6%	24,3 M €	-71.8%	86,2 M €	+163%	32,8 M €	+1126%	2,7 M €	+71482%	3,7 k €	-75.8%	15,4 k €	-23.9%	20,2 k €	-92.3%	261,7 k €	-19.8%	326,3 k €	-32.8%	485,4 k €
Other
Workforce	10,5 ETP	+32.9%	7,9 ETP	+23.4%	6,4 ETP	+137%	2,7 ETP	+108%	1,3 ETP		–		–		–		1,5 ETP	-50.0%	3,0 ETP	-3.2%	3,1 ETP	-46.6%	5,8 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 50 M€ and 100 M€

See the valuation

Governance

Board of directors

Seen on filing of 30/09/2025 · 3 active · 19 ended

Active mandates

ELINDUS

Managing director · since 20 avril 2025 · until 02 mars 2030 · 0844.206.143

Represented by Lode Hullebusch

Active

KWANTUMSPRONG

Managing director · since 20 avril 2025 · until 02 mars 2030 · 0773.343.089

Represented by Steven Vandenhende

Active

TRADERWORX

Managing director · since 20 avril 2025 · until 02 mars 2030 · 0639.825.163

Represented by Matthias Detremmerie

Active

Ended mandates

KWANTUMSPRONG

Managing director · since 01 mai 2024 · 0773.343.089

Represented by Steven Vandenhende

Ended

AMPIO

Manager · since 27 juin 2018 · 0817.181.844

Represented by Hans Verbeke

Ended

Elinun

Manager · since 27 juin 2018 · 0637.864.872

Represented by Toreno Noreilde

Ended

Lode Hullebusch

Manager · since 27 juin 2018 · 0647.793.714

Represented by Lode Hullebusch

Ended

At this address

Other companies at this address

Company	CBE no.
ELINDUS● Active	0844.206.143
Strado Group● Active	0831.118.071

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Abridged model
Start of the financial year	01/10/2024	01/10/2023	01/10/2022	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	30/09/2025	30/09/2024	30/09/2023	30/09/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	9 months	12 months	12 months
Filing date	09/03/2026	22/04/2025	26/04/2024	12/04/2023	20/07/2022	07/07/2021
General meeting	07/03/2026	29/03/2025	20/04/2024	17/03/2023	17/06/2022	18/06/2021
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

14 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	30/09/2025	07/03/2026	09/03/2026	Dutch	PDF
Full model	30/09/2024	29/03/2025	22/04/2025	Dutch	PDF
Full model	30/09/2023	20/04/2024	26/04/2024	Dutch	PDF
Full model	30/09/2022	17/03/2023	12/04/2023	Dutch	PDF
Full model	31/12/2021	17/06/2022	20/07/2022	Dutch	PDF
Abridged model	31/12/2020	18/06/2021	07/07/2021	Dutch	PDF
Abridged model	31/12/2019	12/06/2020	01/07/2020	Dutch	PDF
Abridged model	31/12/2018	29/06/2019	17/07/2019	Dutch	PDF
Micro model	31/12/2017	26/06/2018	28/06/2018	Dutch	PDF
Abridged model	31/12/2016	24/06/2017	25/07/2017	Dutch	PDF
Abridged model	31/12/2015	25/06/2016	13/07/2016	Dutch	PDF
Abridged model	31/12/2014	27/06/2015	01/07/2015	Dutch	PDF
Abridged model	31/12/2013	28/06/2014	30/06/2014	Dutch	PDF
Abridged model	31/12/2012	29/06/2013	29/07/2013	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 50 M€ and 100 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 30/09/2025 · 3 active · 19 ended

Active mandates

ELINDUS

Managing director · since 20 avril 2025 · until 02 mars 2030 · 0844.206.143

Represented by Lode Hullebusch

Active

KWANTUMSPRONG

Managing director · since 20 avril 2025 · until 02 mars 2030 · 0773.343.089

Represented by Steven Vandenhende

Active

TRADERWORX

Managing director · since 20 avril 2025 · until 02 mars 2030 · 0639.825.163

Represented by Matthias Detremmerie

Active

Ended mandates

KWANTUMSPRONG

Managing director · since 01 mai 2024 · 0773.343.089

Represented by Steven Vandenhende

Ended

AMPIO

Manager · since 27 juin 2018 · 0817.181.844

Represented by Hans Verbeke

Ended

Elinun

Manager · since 27 juin 2018 · 0637.864.872

Represented by Toreno Noreilde

Ended

Lode Hullebusch

Manager · since 27 juin 2018 · 0647.793.714

Represented by Lode Hullebusch

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Other07/05/2026
BENAMING
PDF
Mandates07/10/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates27/09/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates06/03/2023
ONTSLAGEN - BENOEMINGEN
PDF
Other07/10/2022
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ALGEMENE VERGADERING - BOEKJAAR
PDF
Registered office16/02/2022
MAATSCHAPPELIJKE ZETEL
PDF
Mandates05/10/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates25/06/2020
ONTSLAGEN - BENOEMINGEN - DIVERSEN
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 20255,4 M €↓
2024
Annual accounts 20245,5 M €↑
01/05/2024
demissionVANERTEC — bestuurder
01/05/2024
nominationKWANTUMSPRONG — bestuurder
20/04/2024
reconductionVANERTEC BV — bestuurder
20/04/2024
reconductionTRADERWORX BV — bestuurder
20/04/2024
reconductionELINDUS NV — bestuurder
20/04/2024
demissionHullebusch Lode — voorzitter van de raad van bestuur
20/04/2024
nominationELINDUS NV — voorzitter van de raad van bestuur
2023
Annual accounts 20234,4 M €↑
30/09/2022
nominationFIGURAD BEDRIJFSREVISOREN — commissaris
2022
Annual accounts 20221,5 M €↑
2021
Annual accounts 2021322,5 k €↑
2018
Annual accounts 201885,6 k €↑
2017
Annual accounts 20174,9 k €↑
2016
Annual accounts 20161,1 k €↑
2015
Annual accounts 2015-135,9 k €↓
2014
Annual accounts 201421 k €↑
2013
Annual accounts 2013-88,3 k €↓
2012
Annual accounts 2012214,4 k €
24/01/2011
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

ENTRADO

Overview

What does ENTRADO do?

Trend over 12 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