ACTIVE

READCO

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Financial year 2025 · closed on 31/12/2025

Net result

-44,1 k €

-139.6% YoY

Gross margin

332,6 k €

-43.3% YoY

Equity

7,4 M €

+26.6% YoY

What does READCO do?

READCO is a Private limited company incorporated in 2007. Its main activity is: Other business support service activities n.e.c.. Its registered office is in Schilde.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0894.458.279

Incorporation

26/12/2007

Legal form

Private limited company

Registered office

Heerbaan 32
2970 Schilde · FlandreSee on map

Contributed capital

235 356,52 €

Latest accounts

31/12/2025

Activities (NACE)

82990Other business support service activities n.e.c.· main 82990Other business support service activities n.e.c.64200Activities of holding companies 64210Activities of holding companies 68100Buying and selling of own real estate 68110Buying and selling of own real estate+2

Joint committees (1)

Signals

Solid equityLow riskPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008
Income statement
Gross margin	332,6 k €	-43.3%	586,9 k €	-37.9%	945,8 k €	+120%	429,7 k €	-3.2%	444 k €	-2.7%	456,4 k €	-62.9%	1,2 M €	+91.1%	644,5 k €	+8.4%	594,5 k €	+14.4%	519,5 k €	-34.3%	790,4 k €	-0.1%	791,1 k €	+73.5%	456,1 k €	-45.7%	839,8 k €	+66.3%	505 k €	+99.5%	253,2 k €	+2.2%	247,6 k €	+42.6%	173,6 k €
EBITDA	289 k €	-47.3%	548,4 k €	-39.5%	906,3 k €	+136%	383,4 k €	-6.3%	409,4 k €	-1.7%	416,6 k €	-65.5%	1,2 M €	+98.7%	607,9 k €	+5.8%	574,6 k €	+17.4%	489,5 k €	-35.8%	762,9 k €	-0.7%	768 k €	+71.9%	446,7 k €	-45.6%	820,9 k €	+66.0%	494,5 k €	+104%	242,8 k €	+0.5%	241,6 k €	+48.5%	162,7 k €
Operating result	-19,7 k €	-108%	255,7 k €	-58.1%	610,3 k €	+450%	111 k €	-22.4%	143,1 k €	+19.9%	119,3 k €	-83.0%	703,2 k €	+174%	256,4 k €	-12.5%	293,2 k €	+44.4%	203 k €	-63.0%	548,1 k €	-0.1%	548,9 k €	+67.0%	328,7 k €	-47.9%	630,7 k €	+75.9%	358,5 k €	+102%	177,1 k €	-13.1%	203,8 k €	+27.6%	159,8 k €
Net result	-44,1 k €	-140%	111,5 k €	-69.2%	361,4 k €	+2916%	12 k €	-46.7%	22,5 k €	+73.7%	13 k €	-96.8%	403,9 k €	+231%	122,1 k €	-4.8%	128,3 k €	+54.0%	83,3 k €	-82.5%	475,4 k €	+56.1%	304,5 k €	+70.0%	179,2 k €	-63.4%	489 k €	+133%	209,6 k €	+91.2%	109,6 k €	-15.2%	129,3 k €	+38.7%	93,2 k €
Balance sheet
Equity	7,4 M €	+26.6%	5,8 M €	+1.1%	5,7 M €	+6.7%	5,4 M €	+175%	2 M €	+1.2%	1,9 M €	+0.7%	1,9 M €	+27.2%	1,5 M €	+8.8%	1,4 M €	+10.2%	1,3 M €	+7.1%	1,2 M €	+67.5%	703,9 k €	+83.6%	383,4 k €	-29.6%	544,2 k €	+114%	254,1 k €	-26.2%	344,5 k €	+46.7%	234,9 k €	+122%	105,6 k €
Total assets	13,2 M €	+14.5%	11,5 M €	-4.5%	12,1 M €	-0.6%	12,2 M €	+69.3%	7,2 M €	-6.5%	7,7 M €	+29.2%	5,9 M €	+34.4%	4,4 M €	+6.8%	4,1 M €	+17.3%	3,5 M €	+12.2%	3,1 M €	+24.7%	2,5 M €	+24.1%	2 M €	+8.2%	1,9 M €	+24.3%	1,5 M €	+72.3%	878,1 k €	+72.7%	508,4 k €	+311%	123,7 k €
Cash	93,4 k €	-36.4%	146,7 k €	-41.1%	249 k €	-70.6%	846,6 k €	+127%	373,5 k €	-53.2%	797,8 k €	+58.4%	503,6 k €	+248%	144,5 k €	-21.2%	183,3 k €	+74.8%	104,8 k €	-45.8%	193,4 k €	+11.2%	174 k €	+15.8%	150,2 k €	+13.9%	131,8 k €	-55.3%	295,2 k €	+25.4%	235,5 k €	-5.6%	249,4 k €	+395%	50,4 k €
Debts	5,7 M €	+2.2%	5,6 M €	-9.8%	6,2 M €	-8.0%	6,7 M €	+30.0%	5,2 M €	-9.1%	5,7 M €	+43.8%	3,9 M €	+39.0%	2,8 M €	+6.0%	2,7 M €	+22.2%	2,2 M €	+16.4%	1,9 M €	+3.8%	1,8 M €	+10.3%	1,6 M €	+23.7%	1,3 M €	+6.1%	1,3 M €	+135%	532,9 k €	+95.9%	272 k €	+1404%	18,1 k €
Other
Workforce	–		–		–		–		–		–		0,1 ETP	0.0%	0,1 ETP	0.0%	0,1 ETP	-50.0%	0,2 ETP	0.0%	0,2 ETP	+100%	0,1 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 · 1 active · 1 ended

Active mandates

Timothy Hens

Director

Active

Ended mandates

Timothy Hens

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	31/08/2026	28/08/2025	25/07/2024	30/08/2023	29/06/2022	20/08/2021
General meeting	30/06/2026	31/07/2025	30/06/2024	30/06/2023	03/06/2022	31/07/2021
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

18 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	30/06/2026	31/08/2026	Dutch	PDF
Abridged model	31/12/2024	31/07/2025	28/08/2025	Dutch	PDF
Abridged model	31/12/2023	30/06/2024	25/07/2024	Dutch	PDF
Abridged model	31/12/2022	30/06/2023	30/08/2023	Dutch	PDF
Abridged model	31/12/2021	03/06/2022	29/06/2022	Dutch	PDF
Abridged model	31/12/2020	31/07/2021	20/08/2021	Dutch	PDF
Abridged model	31/12/2019	26/06/2020	30/06/2020	Dutch	PDF
Abridged model	31/12/2018	30/06/2019	19/07/2019	Dutch	PDF
Abridged model	31/12/2017	30/06/2018	24/07/2018	Dutch	PDF
Abridged model	31/12/2016	30/06/2017	05/07/2017	Dutch	PDF
Abridged model	31/12/2015	30/06/2016	29/07/2016	Dutch	PDF
Abridged model	31/12/2014	26/06/2015	30/06/2015	Dutch	PDF
Abridged model	31/12/2013	30/06/2014	29/07/2014	Dutch	PDF
Abridged model	31/12/2012	07/06/2013	04/07/2013	Dutch	PDF
Abridged model	31/12/2011	01/06/2012	08/06/2012	Dutch	PDF
Abridged model	31/12/2010	03/06/2011	16/06/2011	Dutch	PDF
Abridged model	31/12/2009	04/06/2010	08/06/2010	Dutch	PDF
Abridged model	31/12/2008	05/06/2009	08/06/2009	Dutch	PDF

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 · 1 active · 1 ended

Active mandates

Timothy Hens

Director

Active

Ended mandates

Timothy Hens

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates15/01/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Registered office19/01/2016
MAATSCHAPPELIJKE ZETEL - ADRESSEN ANDERS DAN MAATSCHAPPELIJKE ZETEL
PDF
Capital / shares14/04/2014
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates22/09/2008
Zetelverplaatsing bij beslissing zaakvoerders
PDF
Other07/01/2008
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 2025-44,1 k €↓
2024
Annual accounts 2024111,5 k €↓
2023
Annual accounts 2023361,4 k €↑
2022
Annual accounts 202212 k €↓
2021
Annual accounts 202122,5 k €↑
2020
Annual accounts 202013 k €↓
2019
Annual accounts 2019403,9 k €↑
2018
Annual accounts 2018122,1 k €↓
2017
Annual accounts 2017128,3 k €↑
2016
Annual accounts 201683,3 k €↓
2015
Annual accounts 2015475,4 k €↑
2014
Annual accounts 2014304,5 k €↑
2013
Annual accounts 2013179,2 k €↓
2012
Annual accounts 2012489 k €↑
2011
Annual accounts 2011209,6 k €↑
2010
Annual accounts 2010109,6 k €↓
2009
Annual accounts 2009129,3 k €↑
2008
Annual accounts 200893,2 k €
26/12/2007
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

READCO

Overview

What does READCO do?

Trend over 18 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