Registered business · Liège · BE · Founded 2002 · Accounts through 2025 · Updated Jul 27, 2026
Public range today€1.5m - €3.2m
See what is holding the value back today, what this company could be worth in five years and which actions make the difference. The estimate is based on filed annual accounts.
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Historical indicative ranges based on public filings. This is not an asking price or confirmation that the company is for sale.
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Claim this companyOperating as a business in NACE sector 62.10, INDAO is registered in Liège, Belgium. The company was founded in 2002, incorporated as a Naamloze vennootschap.
INDAO is listed in Belgian Crossroads Bank for Enterprises (KBO) under registry number 0478472789 and VAT number BE0478472789. This profile consolidates KBO registry, official annual accounts into one indexable company dossier.
Companies in this NACE 62.10 band file annual accounts with NBB/CBSO.
Across the 2024-2025 window the gross-margin line has more than doubled, moving from €1,304,810 to €2,074,309. EBITDA for 2025 comes in at €530,189. Because this line is gross margin from an abbreviated filing, not reported turnover, it is treated as public context rather than an automatic valuation base.
A public indicative value curve is available for INDAO, based on filed company accounts. A free account unlocks the five-year outlook and concrete actions to increase value.
The most recent annual filing covers 2025 (period end 2025-12-31).
This page is refreshed whenever new regulator-filed data for INDAO becomes available, consolidated into a single audit-grade view.
Public regulator-filed figures across 2 years.
Fiscal year | Gross margin | EBITDA | Total assets | Equity | Filing |
|---|---|---|---|---|---|
| 202531 Dec 2025 | €2,074,309 | €530,189 | €3,500,979 | €2,069,659 | - |
| 202431 Dec 2024 | €1,304,810 | €171,489 | €3,820,617 | €1,878,920 | - |
INDAO was founded in 2002 and is registered with Belgian Crossroads Bank for Enterprises (KBO), incorporated as a Naamloze vennootschap.
INDAO is registered under NACE 62.10. That places the business within the Belgian cluster for this activity.
According to the company registry, INDAO is based in Liège, BE.
The most recently filed annual accounts cover fiscal year 2025 (period end 2025-12-31), publicly available via Belgian Crossroads Bank for Enterprises (KBO).
This page shows a rounded, automated indicative range generated by Upswitch from official registry facts, public company-size information, filed accounts where available, and governed sector benchmarks. The evidence basis is labelled beside the graph. It is not a certified or statutory valuation, sale price, offer, recommendation, or financial, investment, tax or legal advice. Figures for INDAO may be incomplete or inaccurate and must not be relied upon for any transaction; a precise valuation needs owner- or advisor-supplied data.
Company identity and public facts are reused from the official or licensed source named on this page, with its filing or update date. Upswitch estimates remain distinct from source facts and do not imply endorsement by the registry. Natural-person enterprises are excluded from public valuation pages, and public registry personal data is not used for direct marketing.
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Indicative public valuation range based on financial year 2025. This historical record does not yet contain an immutable calculation snapshot, so no sector range is reconstructed after the fact. Not a transaction value, asking price or fairness opinion.
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