ACTIVE

INDEQS

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Financial year 2025 · closed on 31/12/2025
Net result
396,7 k €
-18.5% YoY
Gross margin
247,1 k €
+16.4% YoY
Equity
5,9 M €
+7.2% YoY
Workforce
0,0 ETP

What does INDEQS do?

INDEQS is a Private limited company incorporated in 2006. Its main activity is: Activities of holding companies. Its registered office is in Diepenbeek.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0883.660.003
Incorporation
21/09/2006
Legal form
Private limited company
Registered office
Groeningenweg 19
3590 Diepenbeek · FlandreSee on map
Contributed capital
638 600,00 €
Latest accounts
31/12/2025
Average workforce
0,0 ETP
Activities (NACE)
64200Activities of holding companies· main64210Activities of holding companies68321Management of real estate on a fee or contract basis68321Management of real estate on a fee or contract basis
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA
View the BCE/KBO Public Search record →
Health score
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Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 11 financial years

20252024202320222021201220112010200920082007
Income statement
Gross margin247,1 k €212,4 k €149 k €1,5 M €833,9 k €389,8 k €303,1 k €1,6 M €63,6 k €91,5 k €-7,6 k €
EBITDA238,1 k €202,7 k €133,6 k €1,5 M €-1,7 M €387,3 k €301,4 k €1,6 M €61,9 k €90,9 k €-8,4 k €
Operating result-3,9 k €32,9 k €55,6 k €1,4 M €-1,7 M €387,3 k €301,4 k €1,6 M €61,9 k €90,9 k €-8,4 k €
Net result396,7 k €486,9 k €29,2 k €764,1 k €-2 M €134,8 k €883,1 k €1,5 M €20,8 k €73,9 k €-8,4 k €
Balance sheet
Equity5,9 M €5,5 M €5 M €5 M €4,2 M €3,7 M €3,6 M €5,6 M €4,1 M €4,1 M €4 M €
Total assets8,2 M €8,2 M €7,8 M €10,5 M €9,1 M €6,8 M €6,8 M €6,7 M €5,1 M €5 M €4 M €
Cash91,2 k €189,9 k €106,4 k €271,2 k €1,7 M €134,9 k €312,6 k €676,3 k €25,3 k €24,5 k €161,2 €
Debts2,3 M €2,7 M €2,8 M €5 M €4,8 M €2,9 M €3,1 M €1,1 M €998,3 k €968,8 k €8,6 k €
Other
Workforce0,0 ETP0,0 ETP––1,3 ETP––––––
Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 5 ended

Active mandates

Frans Cesar

Director

Active
RANESA

Associate · 0552.526.549

Represented by Frank CESAR

Active

Ended mandates

RANESA

Bestuurder · since 01 septembre 2021 · 0552.526.549

Represented by Frank Cesar

Ended
Ranesa BV

Bestuurder · since 01 septembre 2021

Represented by Frank Cesar

Ended
Frans Cesar

Bestuurder · since 15 septembre 2006

Ended
Frans Cesar

Director · since 15 septembre 2006

Ended
At this address

Other companies at this address

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0686.730.306
FRAVASCO IMMO● Active
0724.613.160
GYMNA● Active
0860.229.553
METRA● Active
0458.474.359
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date29/06/202618/09/202508/08/202403/08/202325/07/202206/07/2021
General meeting17/06/202618/06/202519/06/202421/06/202315/06/202216/06/2021
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

20 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202517/06/202629/06/2026DutchPDF
Abridged modelCorrection31/12/202418/06/202518/09/2025DutchPDF
Abridged model31/12/202418/06/202530/06/2025DutchPDF
Abridged model31/12/202319/06/202408/08/2024DutchPDF
Abridged model31/12/202221/06/202303/08/2023DutchPDF
Abridged model31/12/202115/06/202225/07/2022DutchPDF
Abridged model31/12/202016/06/202106/07/2021DutchPDF
Abridged model31/12/201917/06/202018/06/2020DutchPDF
Abridged model31/12/201819/06/201921/06/2019DutchPDF
Abridged model31/12/201720/06/201825/06/2018DutchPDF
Abridged model31/12/201621/06/201701/08/2017DutchPDF
Abridged model31/12/201515/06/201605/07/2016DutchPDF
Abridged model31/12/201417/06/201530/06/2015DutchPDF
Abridged model31/12/201318/06/201429/07/2014DutchPDF
Abridged model31/12/201219/06/201303/07/2013DutchPDF
Abridged model31/12/201120/06/201206/07/2012DutchPDF
Abridged model31/12/201015/06/201130/06/2011DutchPDF
Abridged model31/12/200916/06/201030/07/2010DutchPDF
Abridged model31/12/200817/06/200925/06/2009DutchPDF
Abridged model31/12/200718/06/200823/06/2008DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

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 · 5 ended

Active mandates

Frans Cesar

Director

Active
RANESA

Associate · 0552.526.549

Represented by Frank CESAR

Active

Ended mandates

RANESA

Bestuurder · since 01 septembre 2021 · 0552.526.549

Represented by Frank Cesar

Ended
Ranesa BV

Bestuurder · since 01 septembre 2021

Represented by Frank Cesar

Ended
Frans Cesar

Bestuurder · since 15 septembre 2006

Ended
Frans Cesar

Director · since 15 septembre 2006

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Restructuring07/08/2024
    KAPITAAL - AANDELEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Restructuring29/05/2024
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Restructuring20/07/2022
    BENAMING - MAATSCHAPPELIJKE ZETEL - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Restructuring22/04/2022
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Mandates27/09/2021
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Restructuring10/01/2020
    ONTSLAGEN - BENOEMINGEN - WIJZIGING RECHTSVORM - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Restructuring25/11/2019
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Restructuring27/07/2015
    MAATSCHAPPELIJKE ZETEL - KAPITAAL - AANDELEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, 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 2025396,7 k €↓
  2. 2024
    Annual accounts 2024486,9 k €↑
  3. 2023
    Annual accounts 202329,2 k €↓
  4. 2022
    Annual accounts 2022764,1 k €↑
  5. 2022
    Name changeIndeqs
  6. 2021
    Annual accounts 2021-2 M €↓
  7. 2021
    Name changeGehold
  8. 2012
    Annual accounts 2012134,8 k €↓
  9. 2011
    Annual accounts 2011883,1 k €↓
  10. 2010
    Annual accounts 20101,5 M €↑
  11. 2009
    Annual accounts 200920,8 k €↓
  12. 2008
    Annual accounts 200873,9 k €↑
  13. 2007
    Annual accounts 2007-8,4 k €
  14. 21/09/2006
    IncorporationPrivate limited company