Financials
Financial year 2025
INDINOX from Lokeren, company number BE0430776208, closed financial year 2025 with a result of € 986,141 after tax. For that financial year INDINOX recorded revenue of € 24.2 million and equity of € 1.2 million. Compared with financial year 2024, the result moved from € 1.9 million to € 986,141. The company is profitable. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 30, 2026.
€ 1.2 million
▲ 8% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 986,141
▼ 48% vs 2024
Profit after tax over the fiscal year.
€ 5.7 million
▲ 114% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 900,000 paid out
91 % of the profit went to the shareholders, mostly to FRO (90 % of the shares). That is where the money ends up.
People and assets in 2025
52.3
▲ 7.4 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 3.9 million
▲ 18% vs 2024
€ 74,900 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 856,541
▲ 67% 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.
€ 4.8 million
▲ 17% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 89 days on average.
€ 730,038
▲ 12% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 16,456,824 | € 18,642,062 | € 22,380,013 | € 24,205,265 | ▲ 8% |
| Profit after taxes | € 1,124,188 | € 1,479,299 | € 1,884,155 | € 986,141 | ▼ 48% |
| Equity | € 1,056,746 | € 1,036,045 | € 1,120,200 | € 1,206,341 | ▲ 8% |
| Total debts | € 5,949,217 | € 8,583,222 | € 11,190,605 | € 13,785,978 | ▲ 23% |
| Cash | € 1,925,937 | € 3,197,693 | € 2,665,550 | € 5,711,885 | ▲ 114% |
| Retained profit | € 606,746 | € 586,045 | € 670,200 | € 756,341 | ▲ 13% |
| Dividend | € 1,150,000 | € 1,500,000 | € 1,800,000 | € 900,000 | ▼ 50% |
| Balance sheet total | € 7,005,963 | € 9,619,267 | € 12,310,805 | € 14,992,319 | ▲ 22% |
| Employees (FTE) | 39.4 | 42 | 44.9 | 52.3 | ▲ 7.4 |
Key figures of INDINOX, 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 INDINOX?
What happened at INDINOX in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 986,141 (▼ 48% vs 2024). Source: NBB ↗
- New establishment in Lokeren. KBO
- Start of the company according to the CBE. KBO
In short
From € 1.1 million profit in 2022 to € 986,141 profit in 2025.
Paid € 2 million in corporate taxes since 2022.
Best year ever: 2024, with € 1.9 million profit.
Paid out € 5.4 million in dividends to the owners in total.
Management
The stake of FRO, EMAC comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
INDINOXBehind INDINOX are ACTIMO CONSULTING BV, EMAC BV and K-FINTECH BV. The shares are held by FRO (89.6%) and EMAC (10.4%).
Directors
According to the 2025 annual accounts
Director · represented by Christophe CATTEAU
Also active at: ATEC, VIND, Magrometal, ACTUM SERVICES, GIECINVEST, TECHNISCHE INSTALLATIE-, LAS- EN CONSTRUCTIEWERKEN, DE ACTO INVEST, DE ACTO IMMO +14 more
Managing director · represented by Emmanuel MARTIN
Director · represented by Koen PERDU
Also active at: I.C.T. TRUCK & TRAILER PARTS, ATEC, METAALWERKEN DE ROOS, JACRIMAR, TRISLOT, MAPA, B & A, JADE INFORMATICS +29 more
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Spinnerslaan 2
9160 Lokeren
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
COMBELL-AS, BE
Website info
Features
Security
Details
- Company number
- 0430.776.208
- VAT number
- BE 0430.776.208
- Registered office
- Spinnerslaan 2, 9160 Lokeren
- Names & denominations
- INDINOX
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 24 March 1987
- Peppol
- Active · Active since 11 Dec 2025
- Contact
- indinox.be
- Activities · NACE
Aanleg van pijpleidingen, telecommunicatieleidingen en hoogspanningsleidingen
Bouw van civieltechnische werken voor elektriciteit en telecommunicatie
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