ACTIVE

INDIGO PROJECTS

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Financial year 2025 · closed on 31/12/2025

Net result

49,2 k €

+148.7% YoY

Gross margin

38,9 k €

+18.8% YoY

Equity

1,6 M €

+2.5% YoY

What does INDIGO PROJECTS do?

INDIGO PROJECTS is a Private limited company incorporated in 2006. Its main activity is: Management consultancy activities. Its registered office is in Tessenderlo-Ham.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0880.091.589

Incorporation

20/03/2006

Legal form

Private limited company

Registered office

Baal 105
3980 Tessenderlo-Ham · FlandreSee on map

Latest accounts

31/12/2025

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 74142Specialised design activities

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	38,9 k €	+18.8%	32,7 k €	+7.0%	30,6 k €	-12.2%	34,9 k €	+153%	13,8 k €	+20.4%	11,5 k €	+129%	-38,9 k €	-1164%	-3,1 k €	-103%	100,7 k €	-32.2%	148,5 k €	+64.7%	90,1 k €	+72.0%	52,4 k €	-41.3%	89,3 k €	+5.5%	84,6 k €	-26.7%	115,5 k €	-13.8%	133,9 k €	+5.3%	127,2 k €	+29.2%	98,4 k €	+65.0%	59,6 k €	+217%	18,8 k €
EBITDA	37,4 k €	+22.7%	30,5 k €	+4.1%	29,3 k €	-13.3%	33,8 k €	+173%	12,4 k €	+16.8%	10,6 k €	+127%	-39,8 k €	-860%	-4,1 k €	-104%	100,5 k €	-32.2%	148,3 k €	+67.7%	88,4 k €	+69.2%	52,3 k €	-40.8%	88,3 k €	+5.6%	83,6 k €	-27.4%	115,1 k €	-12.2%	131,1 k €	+3.4%	126,7 k €	+29.2%	98,1 k €	+65.8%	59,2 k €	+217%	18,6 k €
Operating result	17,7 k €	+17.0%	15,2 k €	-45.0%	27,6 k €	-15.1%	32,5 k €	+184%	11,4 k €	+285%	-6,2 k €	+89.5%	-59 k €	-161%	-22,6 k €	-128%	82,1 k €	-36.8%	129,9 k €	+51.0%	86 k €	+64.5%	52,3 k €	-40.1%	87,3 k €	+5.7%	82,6 k €	-27.6%	114,1 k €	-12.5%	130,4 k €	+6.2%	122,9 k €	+25.3%	98,1 k €	+65.8%	59,2 k €	+217%	18,6 k €
Net result	49,2 k €	+149%	19,8 k €	-31.2%	28,7 k €	+102%	14,2 k €	-30.2%	20,3 k €	+291%	-10,6 k €	+69.0%	-34,3 k €	-102%	1,5 M €	+3990%	36,9 k €	-41.6%	63,2 k €	+109%	30,2 k €	+75.4%	17,2 k €	-59.8%	42,9 k €	-6.4%	45,8 k €	-36.2%	71,8 k €	-33.9%	108,7 k €	+45.1%	74,9 k €	+23.7%	60,5 k €	+69.5%	35,7 k €	+191%	12,3 k €
Balance sheet
Equity	1,6 M €	+2.5%	1,6 M €	+1.3%	1,6 M €	+1.1%	1,6 M €	-9.7%	1,7 M €	+1.2%	1,7 M €	-0.6%	1,7 M €	-2.0%	1,7 M €	+269%	473,8 k €	+8.4%	436,9 k €	+16.9%	373,7 k €	+8.8%	343,5 k €	+280%	90,4 k €	-71.9%	322,1 k €	+16.6%	276,3 k €	+35.1%	204,5 k €	+4.4%	195,8 k €	+61.9%	120,9 k €	+100%	60,4 k €	+145%	24,7 k €
Total assets	1,7 M €	+2.3%	1,6 M €	+1.8%	1,6 M €	-7.8%	1,7 M €	-2.9%	1,8 M €	+0.8%	1,8 M €	-8.0%	1,9 M €	-2.1%	2 M €	+106%	945,8 k €	+4.9%	901,9 k €	+13.5%	794,7 k €	+7.0%	742,8 k €	-0.5%	746,6 k €	+2.4%	729,1 k €	+73.7%	419,8 k €	+14.6%	366,5 k €	+7.8%	340,1 k €	+14.7%	296,5 k €	+63.6%	181,3 k €	+39.4%	130,1 k €
Cash	418,7 k €	+6.2%	394,4 k €	-4.2%	411,9 k €	-63.0%	1,1 M €	-4.5%	1,2 M €	+1.5%	1,1 M €	-10.4%	1,3 M €	-13.6%	1,5 M €	+516%	241,1 k €	+21.2%	198,9 k €	-2.0%	203 k €	+27.4%	159,3 k €	+27.1%	125,4 k €	+12.5%	111,5 k €	+36.8%	81,5 k €	+92.6%	42,3 k €	-26.6%	57,6 k €	-35.5%	89,4 k €	+290%	23 k €	-29.6%	32,6 k €
Debts	16,2 k €	-20.2%	20,3 k €	+47.1%	13,8 k €	-91.6%	164,1 k €	+243%	47,8 k €	-10.7%	53,5 k €	-72.7%	195,9 k €	-3.6%	203,3 k €	-56.9%	472 k €	+2.1%	462,4 k €	+11.2%	415,7 k €	+4.2%	399,1 k €	-39.2%	656,2 k €	+61.3%	406,9 k €	+183%	143,5 k €	-11.4%	162 k €	+12.3%	144,2 k €	-17.9%	175,6 k €	+45.2%	120,9 k €	+15.5%	104,7 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 · 2 active · 3 ended

Active mandates

Dirk Godelaine

Director

Active

Wendy Ceglowski

Director

Active

Ended mandates

Wendy Ceglowski

Director · since 03 septembre 2024

Ended

Dirk Godelaine

Manager · since 10 mars 2006

Ended

DIRK GODELAINE

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	26/06/2026	30/06/2025	16/07/2024	28/07/2023	30/07/2022	30/06/2021
General meeting	04/05/2026	04/06/2025	18/06/2024	20/06/2023	21/06/2022	15/06/2021
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	04/05/2026	26/06/2026	Dutch	PDF
Micro model	31/12/2024	04/06/2025	30/06/2025	Dutch	PDF
Micro model	31/12/2023	18/06/2024	16/07/2024	Dutch	PDF
Micro model	31/12/2022	20/06/2023	28/07/2023	Dutch	PDF
Micro model	31/12/2021	21/06/2022	30/07/2022	Dutch	PDF
Micro model	31/12/2020	15/06/2021	30/06/2021	Dutch	PDF
Micro model	31/12/2019	16/06/2020	01/07/2020	Dutch	PDF
Abridged model	31/12/2018	30/06/2019	24/07/2019	Dutch	PDF
Abridged model	31/12/2017	19/06/2018	27/07/2018	Dutch	PDF
Abridged model	31/12/2016	20/06/2017	20/06/2017	Dutch	PDF
Abridged model	31/12/2015	21/06/2016	21/06/2016	Dutch	PDF
Abridged model	31/12/2014	16/06/2015	31/07/2015	Dutch	PDF
Abridged model	31/12/2013	17/06/2014	17/07/2014	Dutch	PDF
Abridged model	31/12/2012	18/06/2013	05/07/2013	Dutch	PDF
Abridged model	31/12/2011	19/06/2012	21/06/2012	Dutch	PDF
Abridged model	31/12/2010	21/06/2011	23/06/2011	Dutch	PDF
Abridged model	31/12/2009	15/06/2010	24/06/2010	Dutch	PDF
Abridged model	31/12/2008	16/06/2009	29/06/2009	Dutch	PDF
Abridged model	31/12/2007	17/06/2008	23/06/2008	Dutch	PDF
Abridged model	31/12/2006	19/06/2007	20/06/2007	Dutch	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 · 2 active · 3 ended

Active mandates

Dirk Godelaine

Director

Active

Wendy Ceglowski

Director

Active

Ended mandates

Wendy Ceglowski

Director · since 03 septembre 2024

Ended

Dirk Godelaine

Manager · since 10 mars 2006

Ended

DIRK GODELAINE

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates09/10/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates21/12/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - DOEL - ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares25/05/2018
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Registered office05/02/2016
MAATSCHAPPELIJKE ZETEL
PDF
Capital / shares19/05/2014
KAPITAAL - AANDELEN
PDF
Other30/03/2006
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

2025
Annual accounts 202549,2 k €↑
2024
Annual accounts 202419,8 k €↓
2023
Annual accounts 202328,7 k €↑
2022
Annual accounts 202214,2 k €↓
2021
Annual accounts 202120,3 k €↑
2020
Annual accounts 2020-10,6 k €↑
2019
Annual accounts 2019-34,3 k €↓
2018
Annual accounts 20181,5 M €↑
2017
Annual accounts 201736,9 k €↓
2016
Annual accounts 201663,2 k €↑
2015
Annual accounts 201530,2 k €↑
2014
Annual accounts 201417,2 k €↓
2013
Annual accounts 201342,9 k €↓
2012
Annual accounts 201245,8 k €↓
2011
Annual accounts 201171,8 k €↓
2010
Annual accounts 2010108,7 k €↑
2009
Annual accounts 200974,9 k €↑
2008
Annual accounts 200860,5 k €↑
2007
Annual accounts 200735,7 k €↑
2006
Annual accounts 200612,3 k €
20/03/2006
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

INDIGO PROJECTS

Overview

What does INDIGO PROJECTS 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