ACTIVE

CARDIO CONCEPT

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Financial year 2025 · closed on 31/12/2025

Net result

296 k €

-0.0% YoY

Gross margin

497,7 k €

-1.0% YoY

Equity

1,1 M €

-24.2% YoY

What does CARDIO CONCEPT do?

CARDIO CONCEPT is a Private limited company incorporated in 2003. Its registered office is in Incourt.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0862.368.404

Incorporation

23/12/2003

Legal form

Private limited company

Registered office

Rue de l' Ecole 9
1315 Incourt · WallonieSee on map

Contributed capital

18 600,00 €

Latest accounts

31/12/2025

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	497,7 k €	-1.0%	502,7 k €	+16.1%	433,2 k €	+26.8%	341,7 k €	-2.4%	350,2 k €	+28.3%	273,1 k €	+20.5%	226,6 k €	+35.0%	167,8 k €	-28.5%	234,7 k €	+3.7%	226,3 k €	-0.3%	227 k €	+19.7%	189,7 k €	+43.9%	131,9 k €	-14.5%	154,2 k €	-11.6%	174,5 k €	+8.4%	160,9 k €	+26.4%	127,3 k €	+81.2%	70,3 k €	-25.1%	93,8 k €	+24.3%	75,4 k €
EBITDA	494,1 k €	-0.2%	495,1 k €	+15.8%	427,3 k €	+26.7%	337,3 k €	-2.1%	344,6 k €	+28.3%	268,6 k €	+20.7%	222,5 k €	+36.4%	163,2 k €	-29.1%	230 k €	+3.6%	222,1 k €	-0.4%	223 k €	+19.2%	187 k €	+44.5%	129,5 k €	-14.2%	150,9 k €	-12.8%	173,1 k €	+8.7%	159,4 k €	+26.8%	125,7 k €	+82.9%	68,7 k €	-23.9%	90,4 k €	+23.3%	73,3 k €
Operating result	440,9 k €	-0.7%	444,2 k €	+20.2%	369,5 k €	+21.2%	304,8 k €	-1.5%	309,3 k €	+34.1%	230,7 k €	+28.7%	179,2 k €	+50.4%	119,2 k €	-35.5%	184,9 k €	+7.7%	171,6 k €	+2.7%	167,1 k €	+26.2%	132,4 k €	+293%	33,7 k €	-64.7%	95,4 k €	-27.3%	131,1 k €	+22.1%	107,4 k €	+38.4%	77,6 k €	+334%	17,9 k €	-71.5%	62,8 k €	+42.8%	44 k €
Net result	296 k €	-0.0%	296 k €	+17.1%	252,9 k €	+23.9%	204,1 k €	+1.2%	201,7 k €	+38.0%	146,2 k €	+28.8%	113,5 k €	+1257%	-9,8 k €	-125%	38,7 k €	-61.8%	101,3 k €	+18.0%	85,8 k €	+18.6%	72,4 k €	+589%	10,5 k €	-83.0%	61,9 k €	-23.6%	80,9 k €	+22.6%	66 k €	+52.3%	43,3 k €	+491%	7,3 k €	-81.8%	40,3 k €	+58.6%	25,4 k €
Balance sheet
Equity	1,1 M €	-24.2%	1,5 M €	+24.3%	1,2 M €	+22.2%	996 k €	+25.8%	791,8 k €	+33.7%	592 k €	+12.2%	527,7 k €	+26.8%	416,1 k €	-18.7%	511,5 k €	+8.2%	472,9 k €	+27.2%	371,6 k €	+30.0%	285,8 k €	+33.9%	213,4 k €	+0.2%	212,9 k €	+40.9%	151,1 k €	-31.4%	220,1 k €	+6.3%	207,1 k €	+26.5%	163,8 k €	+4.7%	156,4 k €	+34.7%	116,1 k €
Total assets	1,7 M €	-15.3%	2 M €	+20.1%	1,7 M €	+16.8%	1,5 M €	+14.7%	1,3 M €	+12.4%	1,1 M €	+16.5%	970,3 k €	+10.5%	877,8 k €	-10.2%	978 k €	+0.9%	969,4 k €	+1.1%	958,6 k €	+5.1%	912,4 k €	-0.5%	916,8 k €	+78.2%	514,6 k €	+11.0%	463,8 k €	-3.0%	478,2 k €	-4.9%	502,6 k €	+7.7%	466,6 k €	+84.4%	253 k €	-7.9%	274,8 k €
Cash	251,6 k €	-8.3%	274,3 k €	+1.9%	269,1 k €	-42.2%	465,2 k €	-19.5%	578,2 k €	+70.1%	340 k €	+74.2%	195,2 k €	+287%	50,4 k €	-15.1%	59,3 k €	-41.4%	101,3 k €	-43.7%	180 k €	+87.7%	95,9 k €	+634%	13,1 k €	-90.5%	137,1 k €	+16.3%	117,9 k €	+12.8%	104,5 k €	-17.2%	126,3 k €	+350%	28 k €	-66.8%	84,4 k €	+22.5%	68,9 k €
Debts	585 k €	+10.2%	530,8 k €	+9.5%	484,8 k €	+5.0%	461,7 k €	-3.6%	479 k €	-10.9%	537,5 k €	+22.0%	440,7 k €	-4.0%	458,9 k €	+0.3%	457,3 k €	-6.9%	491,2 k €	-15.5%	581,7 k €	-7.2%	626,6 k €	-10.9%	703,4 k €	+133%	301,6 k €	-3.5%	312,7 k €	+21.2%	258,1 k €	-12.3%	294,4 k €	-2.4%	301,6 k €	+213%	96,4 k €	-39.2%	158,5 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 · 1 active · 5 ended

Active mandates

Xavier BERNARD

Director

Active

Ended mandates

Vinciane STOCKMANS

Manager · since 01 janvier 2008

Ended

XAVIER BERNARD

Manager · since 11 décembre 2003

Ended

Vinciane STOCKMAN

Manager

Ended

Vinciane STOCKMANS

Manager

Ended

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	23/06/2026	24/06/2025	25/07/2024	20/06/2023	28/06/2022	25/08/2021
General meeting	02/06/2026	02/06/2025	03/06/2024	05/06/2023	07/06/2022	07/06/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	02/06/2026	23/06/2026	French	PDF
Micro model	31/12/2024	02/06/2025	24/06/2025	French	PDF
Micro model	31/12/2023	03/06/2024	25/07/2024	French	PDF
Micro model	31/12/2022	05/06/2023	20/06/2023	French	PDF
Micro model	31/12/2021	07/06/2022	28/06/2022	French	PDF
Micro model	31/12/2020	07/06/2021	25/08/2021	French	PDF
Micro model	31/12/2019	02/06/2020	08/09/2020	French	PDF
Micro model	31/12/2018	03/06/2019	30/08/2019	French	PDF
Micro model	31/12/2017	04/06/2018	31/08/2018	French	PDF
Abridged model	31/12/2016	06/06/2017	05/07/2017	French	PDF
Abridged model	31/12/2015	06/06/2016	26/07/2016	French	PDF
Abridged model	31/12/2014	01/06/2015	06/07/2015	French	PDF
Abridged model	31/12/2013	02/06/2014	01/07/2014	French	PDF
Abridged model	31/12/2012	03/06/2013	26/06/2013	French	PDF
Abridged model	31/12/2011	04/06/2012	12/06/2012	French	PDF
Abridged model	31/12/2010	06/06/2011	31/10/2011	French	PDF
Abridged model	31/12/2009	07/06/2010	08/06/2010	French	PDF
Abridged model	31/12/2008	02/06/2009	30/07/2009	French	PDF
Abridged model	31/12/2007	02/06/2008	18/06/2008	French	PDF
Abridged model	31/12/2006	04/06/2007	25/06/2007	French	PDF

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 · 5 ended

Active mandates

Xavier BERNARD

Director

Active

Ended mandates

Vinciane STOCKMANS

Manager · since 01 janvier 2008

Ended

XAVIER BERNARD

Manager · since 11 décembre 2003

Ended

Vinciane STOCKMAN

Manager

Ended

Vinciane STOCKMANS

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates21/05/2021
MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
PDF
Capital / shares24/07/2018
CAPITAL, ACTIONS
PDF
Capital / shares07/03/2014
CAPITAL, ACTIONS
PDF
Other14/06/2012
OBJET - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates22/01/2008
DEMISSIONS, NOMINATIONS
PDF
Other20/01/2004
DIVERS
PDF
Other02/01/2004
RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
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 2025296 k €↓
2024
Annual accounts 2024296 k €↑
2023
Annual accounts 2023252,9 k €↑
2022
Annual accounts 2022204,1 k €↑
2021
Annual accounts 2021201,7 k €↑
2020
Annual accounts 2020146,2 k €↑
2019
Annual accounts 2019113,5 k €↑
2018
Annual accounts 2018-9,8 k €↓
2017
Annual accounts 201738,7 k €↓
2016
Annual accounts 2016101,3 k €↑
2015
Annual accounts 201585,8 k €↑
2014
Annual accounts 201472,4 k €↑
2013
Annual accounts 201310,5 k €↓
2012
Annual accounts 201261,9 k €↓
2011
Annual accounts 201180,9 k €↑
2010
Annual accounts 201066 k €↑
2009
Annual accounts 200943,3 k €↑
2008
Annual accounts 20087,3 k €↓
2007
Annual accounts 200740,3 k €↑
2006
Annual accounts 200625,4 k €
23/12/2003
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

CARDIO CONCEPT

Overview

What does CARDIO CONCEPT do?

Trend over 20 financial years

Indicative valuation

Board of directors

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