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Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Busy address KBO
43 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
NEDCO from Sint-Martens-Latem, company number BE0400936434, closed financial year 2025 with a result of € 316,686 after tax. For that financial year NEDCO recorded revenue of € 771,291 and equity of € 8.5 million. Compared with financial year 2024, the result moved from € -424,214 to € 316,686. Profitable, and profit is growing. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on September 8, 2026.
€ 8.5 million
▼ 5% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 316,686
▲ still € 424,214 loss in 2024
Profit after tax over the fiscal year.
€ 860,502
▲ 110% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 750,000 paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
€ 26,882
▼ 11% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 180,162
▲ € 164,681 vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 231 days on average.
€ 18,771
▲ 10% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 516,783 | € 797,982 | € 794,229 | € 771,291 | ▼ 3% |
| Profit after taxes | € 353,789 | € 323,635 | € -424,214 | € 316,686 | ▲ € 740,900 |
| Equity | € 10,996,753 | € 11,320,388 | € 8,896,174 | € 8,462,860 | ▼ 5% |
| Total debts | € 59,442 | € 226,384 | € 2,195,347 | € 1,133,050 | ▼ 48% |
| Cash | € 1,300,484 | € 940,553 | € 408,796 | € 860,502 | ▲ 110% |
| Land & buildings | € 9,247,373 | € 8,662,805 | € 8,410,833 | € 8,130,549 | ▼ 3% |
| Retained profit | € 9,696,753 | € 10,020,388 | € 7,596,174 | € 7,162,860 | ▼ 6% |
| Dividend | € 7,000,000 | € 0 | € 2,000,000 | € 750,000 | ▼ 62% |
| Balance sheet total | € 11,439,293 | € 11,917,262 | € 11,449,401 | € 9,941,181 | ▼ 13% |
Key figures of NEDCO, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to NEDCO?
What happened at NEDCO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- ELIAS WHEMAB BV stepped down as director. NBB
- CINQO NV stepped down as director. NBB
- STRACO RE BV stepped down as director. NBB
- VIBEL BV stepped down as director. NBB
- TICACONSULT BV stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 316,686. filed late Source: NBB ↗
- VIBEL BV became a director. NBB
- TICACONSULT BV became a director. NBB
In short
From € 353,789 profit in 2022 to € 316,686 profit in 2025.
Paid € 242,551 in corporate taxes since 2022.
Best year ever: 2022, with € 353,789 profit.
Paid out € 9.8 million in dividends to the owners in total.
Management
The stake of STRACO RE, ELIAS WHEMAB comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
NEDCOThe shares are held by STRACO RE (79.8%) and ELIAS WHEMAB (20%). It owns 50% of NEDCAP itself.
Directors
According to the 2025 annual accounts
Director · represented by Bart Elias
Also active at: Van Durme - Van Boxstael, GILBO, DUBO, NEWTOWN TRAGEL, STRACO RE
since 2022 · until 2028
Director · represented by Ann De Raedt
Also active at: PATIGNY, Verheyden, F.I.M., ATHMOS CAPITAL, 3SAG, BLACK PANTHER, ACCONSTRUCT, Downtown Development, CNTR Holding
since 2022 · until 2028
Director · represented by Gino De Raedt
Also active at: LES FOUGERES, HANSIMMO, ODEBRECHT, IMMO WATERLOO 66, The Meadow, PARK AAN DE STROOM I, PARK AAN DE STROOM II, Futurn Cesar
since 2022 · until 2028
Director · represented by Carl-Philip de Villegas de Clercamp
Also active at: TER DOENAERT, Immo V.V.L. Leuven, IMMOCOR, GILBO, LES FOUGERES, IMMOGRADA, VM Weggevoerdenlaan ComCo, VAN MARCKE PROPERTIES +44 more
since 2022 · until 2028
Director · represented by Erik Van Den Eynden
Also active at: Immo V.V.L. Leuven, IMMOCOR, GILBO, LES FOUGERES, IMMOGRADA, HANSIMMO, ODEBRECHT, IMMO WATERLOO 66 +16 more
since 2022 · until 2028
Shareholders
79.8%
20%
Participations
50%
Establishments
Establishment units
Physical locations of this company
Kortrijksesteenweg 157
9830 Sint-Martens-Latem
Rijvisschestraat 122
9052 Gent
Active since 26 February 1996
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 43 companies are registered at this address.
All companies at this address →PATIGNY same network
€ 1.2 million revenue · 2025
Immo V.V.L. Leuven same network
€ 4 million revenue · 2025
HET SWYN ofte OUDE HAVEN
€ 13,595 gross margin · 2025
IMMOCOR same network
€ -8,147 gross margin · 2025
GILBO same network
€ 3.4 million revenue · 2025
+38 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0400.936.434
- VAT number
- BE 0400.936.434
- Registered office
- Kortrijksesteenweg 157, 9830 Sint-Martens-Latem
- Names & denominations
- NEDCO
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 16 July 1964
- Peppol
- Active · Active since 15 Jul 2025
- Activities · NACE
Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen
Projectontwikkeling voor woningbouw
Activiteiten van holdings
Ontwikkeling van residentiële bouwprojecten
Holdings