ACTIVE

DENDRE & SERVICES

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Financial year 2025 · closed on 31/12/2025

Net result

90,4 k €

-2.4% YoY

Gross margin

195,9 k €

+5.1% YoY

Equity

865,9 k €

+4.3% YoY

Workforce

1,0 ETP

What does DENDRE & SERVICES do?

DENDRE & SERVICES is a Private limited company incorporated in 2005. Its main activity is: Activities of insurance agents and brokers. Its registered office is in Ath. It employs on average 1,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0874.262.384

Incorporation

31/05/2005

Legal form

Private limited company

Registered office

Rue de la Station 37 box A
7800 Ath · WallonieSee on map

Contributed capital

6 203,33 €

Latest accounts

31/12/2025

Average workforce

1,0 ETP

Activities (NACE)

66220Activities of insurance agents and brokers· main 66220Activities of insurance agents and brokers

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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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	195,9 k €	+5.1%	186,4 k €	-18.8%	229,6 k €	+13.7%	202 k €	-16.6%	242,2 k €	+3.4%	234,2 k €	+28.3%	182,5 k €	-10.1%	203,1 k €	+40.2%	144,9 k €	+7.2%	135,1 k €	-4.7%	141,8 k €	+3.0%	137,7 k €	-3.7%	143 k €	+29.3%	110,6 k €	+18.4%	93,4 k €	-20.1%	117 k €	-20.3%	146,7 k €	+39.3%	105,4 k €	-7.7%	114,2 k €	-32.0%	167,8 k €
EBITDA	160,2 k €	+3.9%	154,1 k €	-23.2%	200,6 k €	+23.2%	162,8 k €	-24.1%	214,4 k €	+8.2%	198,1 k €	+36.3%	145,4 k €	-2.1%	148,5 k €	+46.8%	101,1 k €	+0.8%	100,3 k €	-3.7%	104,2 k €	+12.8%	92,4 k €	-6.5%	98,8 k €	+55.7%	63,4 k €	+24.0%	51,2 k €	-29.7%	72,8 k €	-30.2%	104,2 k €	+61.6%	64,5 k €	-28.2%	89,8 k €	-21.1%	113,8 k €
Operating result	129,1 k €	+1.9%	126,7 k €	-29.6%	180,1 k €	+21.9%	147,7 k €	-26.7%	201,6 k €	+8.7%	185,5 k €	+39.6%	132,8 k €	-2.6%	136,4 k €	+69.5%	80,5 k €	-5.7%	85,4 k €	-7.4%	92,2 k €	+17.3%	78,6 k €	-4.8%	82,6 k €	+129%	36 k €	+43.0%	25,2 k €	-43.4%	44,5 k €	-35.7%	69,3 k €	+157%	27 k €	-61.1%	69,3 k €	-27.9%	96,2 k €
Net result	90,4 k €	-2.4%	92,6 k €	-17.3%	112 k €	+43.1%	78,3 k €	-43.0%	137,3 k €	+5.9%	129,7 k €	+60.7%	80,7 k €	-12.1%	91,8 k €	+104%	45 k €	+15.8%	38,9 k €	-27.6%	53,7 k €	+65.2%	32,5 k €	-51.2%	66,7 k €	+219%	20,9 k €	-29.3%	29,6 k €	+197%	10 k €	+1561%	-682,3 €	-102%	31,3 k €	-17.9%	38,1 k €	-59.9%	95 k €
Balance sheet
Equity	865,9 k €	+4.3%	830,5 k €	+3.7%	800,9 k €	+9.5%	731,5 k €	+2.8%	711,7 k €	+23.9%	574,4 k €	+29.2%	444,7 k €	+22.2%	364 k €	+33.7%	272,2 k €	+19.8%	227,1 k €	+20.7%	188,2 k €	+40.0%	134,5 k €	+31.9%	101,9 k €	-39.5%	168,5 k €	+14.2%	147,6 k €	-16.5%	176,8 k €	+5.5%	167,6 k €	-0.9%	169,1 k €	+22.0%	138,6 k €	+36.9%	101,3 k €
Total assets	915,9 k €	+8.6%	843,3 k €	-0.8%	849,9 k €	+9.7%	775,1 k €	+6.8%	725,8 k €	+19.6%	606,9 k €	+19.0%	510 k €	+24.1%	411 k €	+21.5%	338,3 k €	+7.1%	315,8 k €	+7.4%	293,9 k €	+11.1%	264,6 k €	+9.7%	241,1 k €	-22.2%	309,8 k €	+0.7%	307,5 k €	-10.0%	341,6 k €	+3.4%	330,4 k €	-13.9%	383,9 k €	+80.6%	212,6 k €	+32.0%	161,1 k €
Cash	224,1 k €	+152%	89 k €	-18.3%	108,9 k €	-49.9%	217,3 k €	-39.7%	360,4 k €	+23.9%	290,9 k €	+17.9%	246,8 k €	+36.2%	181,3 k €	+23.8%	146,4 k €	+15.0%	127,3 k €	+14.2%	111,5 k €	+49.1%	74,8 k €	+74.5%	42,9 k €	+134%	18,4 k €	+23.1%	14,9 k €	-85.9%	106,1 k €	+55.6%	68,1 k €	-51.7%	141,1 k €	+349%	31,5 k €	-71.5%	110,3 k €
Debts	50 k €	+288%	12,9 k €	-73.8%	49,1 k €	+12.6%	43,6 k €	+209%	14,1 k €	-56.7%	32,5 k €	-50.2%	65,3 k €	+38.8%	47,1 k €	-28.8%	66,1 k €	-25.5%	88,7 k €	-16.1%	105,8 k €	-18.7%	130,1 k €	-6.5%	139,2 k €	-1.5%	141,3 k €	-11.7%	160 k €	-3.0%	164,9 k €	+1.3%	162,8 k €	-24.2%	214,8 k €	+193%	73,4 k €	+24.3%	59,1 k €
Other
Workforce	1,0 ETP		–		–		1,0 ETP	+11.1%	0,9 ETP	0.0%	0,9 ETP	-10.0%	1,0 ETP	-28.6%	1,4 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 · 4 active · 2 ended

Active mandates

MEGANE MONNIER

Director · since 01 juillet 2021

Active

VALERIE DAUWE

Director · since 01 juillet 2021

Active

PASCAL SOETENS

Director

Active

SEBASTIEN DEBAYE

Director

Active

Ended mandates

PASCAL SOETENS

Manager

Ended

SEBASTIEN DEBAYE

Manager

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged 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	27/08/2026	29/08/2025	30/08/2024	31/08/2023	26/08/2022	17/08/2021
General meeting	13/06/2026	14/06/2025	08/06/2024	10/06/2023	11/06/2022	12/06/2021
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

23 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	13/06/2026	27/08/2026	French	PDF
Abridged model	31/12/2024	14/06/2025	29/08/2025	French	PDF
Abridged model	31/12/2023	08/06/2024	30/08/2024	French	PDF
Abridged model	31/12/2022	10/06/2023	31/08/2023	French	PDF
Abridged model	31/12/2021	11/06/2022	26/08/2022	French	PDF
Abridged model	31/12/2020	12/06/2021	17/08/2021	French	PDF
Abridged model	31/12/2019	13/06/2020	28/08/2020	French	PDF
Abridged modelCorrection	31/12/2018	08/06/2019	15/06/2020	French	PDF
Abridged modelCorrection	31/12/2018	08/06/2019	07/02/2020	French	PDF
Abridged model	31/12/2018	08/06/2019	23/08/2019	French	PDF
Abridged model	31/12/2017	09/06/2018	24/08/2018	French	PDF
Abridged modelCorrection	31/12/2016	10/06/2017	13/02/2018	French	PDF
Abridged model	31/12/2016	10/06/2017	25/08/2017	French	PDF
Abridged model	31/12/2015	11/06/2016	18/08/2016	French	PDF
Abridged model	31/12/2014	13/06/2015	24/08/2015	French	PDF
Abridged model	31/12/2013	14/06/2014	22/08/2014	French	PDF
Abridged model	31/12/2012	08/06/2013	20/08/2013	French	PDF
Abridged model	31/12/2011	09/06/2012	22/08/2012	French	PDF
Abridged model	31/12/2010	11/06/2011	18/08/2011	French	PDF
Abridged model	31/12/2009	12/06/2010	23/08/2010	French	PDF
Abridged model	31/12/2008	13/06/2009	17/08/2009	French	PDF
Abridged model	31/12/2007	18/07/2008	21/08/2008	French	PDF
Abridged model	31/12/2006	11/07/2007	21/08/2007	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 · 4 active · 2 ended

Active mandates

MEGANE MONNIER

Director · since 01 juillet 2021

Active

VALERIE DAUWE

Director · since 01 juillet 2021

Active

PASCAL SOETENS

Director

Active

SEBASTIEN DEBAYE

Director

Active

Ended mandates

PASCAL SOETENS

Manager

Ended

SEBASTIEN DEBAYE

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates04/12/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - OBJET - DEMISSIONS, NOMINATIONS
PDF
Mandates30/09/2021
DEMISSIONS, NOMINATIONS
PDF
Other20/04/2006
ANNEE COMPTABLE
PDF
Other14/06/2005
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 202590,4 k €↓
2024
Annual accounts 202492,6 k €↓
2023
Annual accounts 2023112 k €↑
2022
Annual accounts 202278,3 k €↓
2021
Annual accounts 2021137,3 k €↑
2020
Annual accounts 2020129,7 k €↑
2019
Annual accounts 201980,7 k €↓
2018
Annual accounts 201891,8 k €↑
2017
Annual accounts 201745 k €↑
2016
Annual accounts 201638,9 k €↓
2015
Annual accounts 201553,7 k €↑
2014
Annual accounts 201432,5 k €↓
2013
Annual accounts 201366,7 k €↑
2012
Annual accounts 201220,9 k €↓
2011
Annual accounts 201129,6 k €↑
2010
Annual accounts 201010 k €↑
2009
Annual accounts 2009-682,3 €↓
2008
Annual accounts 200831,3 k €↓
2007
Annual accounts 200738,1 k €↓
2006
Annual accounts 200695 k €
31/05/2005
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

DENDRE & SERVICES

Overview

What does DENDRE & SERVICES 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