ACTIVE

NERACO

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Financial year 2024 · closed on 31/12/2024

Net result

437,4 k €

+16.9% YoY

Gross margin

1,7 M €

+23.0% YoY

Equity

2,4 M €

+20.1% YoY

Workforce

8,3 ETP

-14.4% YoY

What does NERACO do?

NERACO is a Private limited company incorporated in 2007. Its registered office is in Tielt. It employs on average 8,3 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0890.130.792

Incorporation

18/06/2007

Legal form

Private limited company

Registered office

Veldstraat 108
8760 Tielt · FlandreSee on map

Contributed capital

48 550,00 €

Latest accounts

31/12/2024

Average workforce

8,3 ETP

Joint committees (2)

145
14506

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 17 financial years

	2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008
Income statement
Gross margin	1,7 M €	+23.0%	1,4 M €	+19.3%	1,1 M €	+0.5%	1,1 M €	+33.8%	844,6 k €	+8.8%	775,9 k €	+46.4%	530,1 k €	+34.3%	394,7 k €	+3.7%	380,7 k €	+1.2%	376,1 k €	+18.7%	316,9 k €	+5.2%	301,4 k €	+25.6%	239,9 k €	+36.6%	175,7 k €	-4.4%	183,8 k €	+41.3%	130,1 k €	+70.7%	76,2 k €
EBITDA	1,2 M €	+23.5%	973,3 k €	+26.0%	772,7 k €	-4.2%	806,3 k €	+76.8%	456,1 k €	+6.9%	426,5 k €	+27.1%	335,6 k €	+43.8%	233,4 k €	+6.4%	219,3 k €	-3.8%	228 k €	+12.6%	202,4 k €	+9.4%	185 k €	+24.9%	148,1 k €	+52.1%	97,4 k €	-12.9%	111,9 k €	+46.6%	76,3 k €	+26.2%	60,4 k €
Operating result	610,1 k €	+45.8%	418,4 k €	+112%	197,2 k €	-61.6%	513,5 k €	+186%	179,7 k €	+11.3%	161,4 k €	-0.3%	161,9 k €	+191%	55,6 k €	-4.7%	58,4 k €	-25.6%	78,6 k €	+52.3%	51,6 k €	-1.1%	52,2 k €	+11.6%	46,8 k €	+63.5%	28,6 k €	-36.0%	44,7 k €	+55.8%	28,7 k €	+92.4%	14,9 k €
Net result	437,4 k €	+16.9%	374 k €	+102%	184,8 k €	-62.1%	487,4 k €	+239%	144 k €	+7.6%	133,8 k €	-1.7%	136,1 k €	+361%	29,5 k €	+7.9%	27,4 k €	-33.8%	41,3 k €	+55.0%	26,7 k €	-15.2%	31,4 k €	-14.2%	36,6 k €	+164%	13,9 k €	-77.1%	60,6 k €	+1878%	3,1 k €	+321%	727,2 €
Balance sheet
Equity	2,4 M €	+20.1%	2 M €	+36.1%	1,5 M €	+13.0%	1,3 M €	+59.8%	829,3 k €	+19.0%	697 k €	+48.4%	469,6 k €	+39.3%	337,1 k €	+11.0%	303,6 k €	+9.1%	278,3 k €	+16.4%	239 k €	+11.5%	214,4 k €	+18.6%	180,8 k €	+23.9%	145,9 k €	+9.1%	133,8 k €	+156%	52,3 k €	+6.2%	49,3 k €
Total assets	6,2 M €	+0.2%	6,2 M €	-8.6%	6,7 M €	+10.0%	6,1 M €	+132%	2,6 M €	-3.7%	2,7 M €	+9.8%	2,5 M €	+85.3%	1,3 M €	-0.9%	1,4 M €	-6.0%	1,4 M €	-3.1%	1,5 M €	-7.1%	1,6 M €	+6.1%	1,5 M €	+73.8%	870,8 k €	-5.3%	919,8 k €	+32.3%	695 k €	+1.6%	684,2 k €
Cash	305,8 k €	-47.3%	580,6 k €	+15.0%	505 k €	-39.9%	840,3 k €	+77.2%	474,3 k €	+56.7%	302,7 k €	+171%	111,6 k €	-41.7%	191,4 k €	-9.8%	212,2 k €	+17.1%	181,2 k €	+115%	84,3 k €	+30.0%	64,8 k €	+77.3%	36,6 k €	-49.1%	71,8 k €	+1.6%	70,7 k €	+116%	32,8 k €	-9.1%	36,1 k €
Debts	3,7 M €	-9.9%	4,1 M €	-21.7%	5,2 M €	+9.3%	4,8 M €	+167%	1,8 M €	-11.2%	2 M €	+0.2%	2 M €	+99.7%	1 M €	-4.4%	1,1 M €	-7.4%	1,1 M €	-9.0%	1,3 M €	-10.0%	1,4 M €	+4.7%	1,3 M €	+83.4%	723,9 k €	-7.8%	784,9 k €	+22.1%	642,7 k €	+1.2%	634,9 k €
Other
Workforce	8,3 ETP	-14.4%	9,7 ETP	+5.4%	9,2 ETP	+15.0%	8,0 ETP	-14.0%	9,3 ETP	-10.6%	10,4 ETP	+57.6%	6,6 ETP	+34.7%	4,9 ETP	+28.9%	3,8 ETP	-9.5%	4,2 ETP	0.0%	4,2 ETP	+27.3%	3,3 ETP	-15.4%	3,9 ETP	+3800%	0,1 ETP	0.0%	0,1 ETP	0.0%	0,1 ETP		–

Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2024 · 1 active · 2 ended

Active mandates

Nele De Bevere

Director · since 18 juin 2007

Active

Ended mandates

Nele De Bevere

Director

Ended

Nele De Bevere

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
FEIT VER.DEGEZELLE BERNARD EN RANDY● Active	0863.056.114

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	30/12/2025	20/12/2024	31/12/2023	08/12/2022	02/11/2021	30/10/2020
General meeting	30/05/2025	31/05/2024	26/05/2023	27/05/2022	28/05/2021	29/05/2020
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

17 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2024	30/05/2025	30/12/2025	Dutch	PDF
Abridged model	31/12/2023	31/05/2024	20/12/2024	Dutch	PDF
Abridged model	31/12/2022	26/05/2023	31/12/2023	Dutch	PDF
Abridged model	31/12/2021	27/05/2022	08/12/2022	Dutch	PDF
Abridged model	31/12/2020	28/05/2021	02/11/2021	Dutch	PDF
Abridged model	31/12/2019	29/05/2020	30/10/2020	Dutch	PDF
Abridged model	31/12/2018	31/05/2019	26/09/2019	Dutch	PDF
Abridged model	31/12/2017	25/05/2018	28/09/2018	Dutch	PDF
Abridged model	31/12/2016	26/05/2017	30/08/2017	Dutch	PDF
Abridged model	31/12/2015	27/05/2016	31/08/2016	Dutch	PDF
Abridged model	31/12/2014	29/05/2015	25/08/2015	Dutch	PDF
Abridged model	31/12/2013	30/05/2014	30/09/2014	Dutch	PDF
Abridged model	31/12/2012	31/05/2013	31/08/2013	Dutch	PDF
Abridged model	31/12/2011	25/05/2012	30/08/2012	Dutch	PDF
Abridged model	31/12/2010	27/05/2011	31/08/2011	Dutch	PDF
Abridged model	31/12/2009	28/05/2010	27/08/2010	Dutch	PDF
Abridged model	31/12/2008	29/05/2009	31/08/2009	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 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 31/12/2024 · 1 active · 2 ended

Active mandates

Nele De Bevere

Director · since 18 juin 2007

Active

Ended mandates

Nele De Bevere

Director

Ended

Nele De Bevere

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates17/09/2026
ONTSLAGEN, BENOEMINGEN, WIJZIGING RECHTSVORM
PDF
Capital / shares23/04/2008
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Other27/06/2007
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

2024
Annual accounts 2024437,4 k €↑
2023
Annual accounts 2023374 k €↑
2022
Annual accounts 2022184,8 k €↓
2021
Annual accounts 2021487,4 k €↑
2020
Annual accounts 2020144 k €↑
2019
Annual accounts 2019133,8 k €↓
2018
Annual accounts 2018136,1 k €↑
2017
Annual accounts 201729,5 k €↑
2016
Annual accounts 201627,4 k €↓
2015
Annual accounts 201541,3 k €↑
2014
Annual accounts 201426,7 k €↓
2013
Annual accounts 201331,4 k €↓
2012
Annual accounts 201236,6 k €↑
2011
Annual accounts 201113,9 k €↓
2010
Annual accounts 201060,6 k €↑
2009
Annual accounts 20093,1 k €↑
2008
Annual accounts 2008727,2 €
18/06/2007
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

NERACO

Overview

What does NERACO do?

Trend over 17 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