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INDAO

Active
Public limited companyfounded 2002active for 24 yearsRue de l'Académie 53, 4000 Liège, BelgiumKBO/BCE: BE 0478.472.789

Acts, filings and financial milestones

Deadline for the 2026 accounts: 31-07-2027
2026
21-09
Gazette deed Appointment: Bart Wouters (independent director)
Power of attorney5 points ▸
  • General meeting, 19-05-2026
  • Director appointment, Bart Wouters (independent director)
  • Power of attorney, Laurent BOUVEROUX
  • Power of attorney, Jean-Philippe Weicker
  • Power of attorney, Valentin Laval

Open the act in the Belgian Official Gazette

03-06
NBB filing Annual accounts 2025 filedPDF
full format · 58 days before the deadline
13-05
Gazette deed Company renamed from PEPITE to INDAO
2 points ▸
  • General meeting, 11-05-2026
  • Name change, INDAO

Open the act in the Belgian Official Gazette

2025
31-12
Financial Equity above €2mequity €2.1m ▲10.2%
Equity rises from €1.9m to €2.1m.
11-06
Gazette deed Capital increase of €1,000,032 to €4,461,951.60
Resignation: Astrid Maréchal (director) · Kind of shares · Amendment of the articles12 points ▸
  • Director resignation, Astrid Maréchal (director)
  • General meeting, 06-06-2025
  • Other provision, “renonciation rapports augmentation capital, rapports article 7:179 §1” (deed in French)
  • Other provision, 23-05-2025, mentioned 2 times in the deed
  • Capital increase, €1,000,032
  • Other provision, “exemplaire chaque rapport ci-annexé, connaissance rapports actionnaires” (deed in French)
  • Other provision, “renonciation droit de préférence, On omet” (deed in French)
  • Other provision, “souscription libération augmentation capital rémunération, On omet” (deed in French)
  • Capital, €4,461,951.60
  • Kind of shares, “transformation, 500 actions A premier titulaire omis et 500 actions A second titulaire omis” (deed in French)
  • Other provision, “connaissance rapport reclassification et réviseur, parfaite connaissance dispense lecture intégrale exemplaire ci-annexé” (deed in French)
  • Amendment of the articles, “5 alinéas 1 et 2” (deed in French)

Open the act in the Belgian Official Gazette

03-06
NBB filing Annual accounts 2024 filedPDF
full format · 58 days before the deadline
22-04
Gazette deed Registered office moved within Liège
New seat: Rue de l'Académie 53 à 4000 Liège · Previous seat: Rue Forgeur 4a à 4000 Liège1 point ▸
  • Registered-office move, Rue de l'Académie 53 à 4000 Liège

Open the act in the Belgian Official Gazette

2024
31-12
Financial Weakest financial yearnet -€984,570
The net result drops to -€984,570, the lowest from 2018 to 2025. It recovers the following year.
12-06
Gazette deed Capital increase of €1,522,224
Appointment: Amandine Marie-Marcelle Montulet (director) · Declaration · Amendment of the articles14 points ▸
  • General meeting, 10-06-2024
  • Other provision, 24-05-2024, mentioned 7 times in the deed
  • Declaration, “connaissance des rapports et dispense de lecture intégrale” (deed in French)
  • Capital increase, €1,522,224
  • Capital, €3,461,919.60
  • Amendment of the articles, “5 alinéas 1 et 2” (deed in French)
  • Financial instrument, “nominatifs”, 4000 (deed in French)
  • Other provision, “suppression du droit de préférence, article 7:191 du Code des Sociétés et des Associations” (deed in French)
  • Power of attorney, mentioned 2 times in the deed
  • Capital increase
  • Authorised capital, “grant”, EUR (deed in French)
  • Director appointment, Amandine Marie-Marcelle Montulet (director)
  • The act holds 2 more points.

Open the act in the Belgian Official Gazette

28-05
NBB filing Annual accounts 2023 filedPDF
full format · 64 days before the deadline
2023
31-12
Financial Highest result from 2018 to 2025net €171,312 ▲98.2%
The operating result of €223,046 and the net result of €171,312 are both a record.
31-05
NBB filing Annual accounts 2022 filedPDF
full format · 61 days before the deadline
Show earlier events
2022
31-12
Financial Equity above €1mequity €1.2m ▲71.2%
After 3 profitable years in a row, equity reaches €1.2m.
08-08
Gazette deed Registered office moved within Liège
New seat: Rue Forgeur, 4a- 4000 Liège · Previous seat: Rue Forgeur 4/1 4000 Liège1 point ▸
  • Registered-office move, Rue Forgeur, 4a- 4000 Liège

Open the act in the Belgian Official Gazette

12-07
NBB filing Annual accounts 2021 filedPDF
full format · 19 days before the deadline
22-04
Gazette deed Capital increase of €400,029 to €1,939,695.60
Amendment of the articles4 points ▸
  • General meeting, 19-04-2022
  • Capital increase, €400,029
  • Capital, €1,939,695.60
  • Amendment of the articles, “5 alinéas 1 et 2” (deed in French)

Open the act in the Belgian Official Gazette

2021
31-12
Financial Equity above €500,000equity €683,470
After 2 profitable years in a row, equity reaches €683,470.
02-07
NBB filing Annual accounts 2020 filedPDF
full format · 29 days before the deadline
26-05
Judicial reorganisation Plan homologation
Enterprise Court of Liège · judgment of 18-05-2021
2020
31-12
Financial Back to profitnet €4,986
The net result is €4,986, after 2 loss-making years.
01-12
Judicial reorganisation Judicial reorganisation opened
Enterprise Court of Liège · collective agreement · judgment of 24-11-2020
30-10
NBB filing Annual accounts 2019 filedPDF
full format · 91 days late
2019
21-06
NBB filing Annual accounts 2018 filedPDF
full format · 40 days before the deadline
2018
30-07
NBB filing Annual accounts 2017 filedPDF
full format · 1 day before the deadline
2017
14-07
NBB filing Annual accounts 2016 filedPDF
full format · 17 days before the deadline
2002
08-10
Gazette deed IncorporationPDF
SignalFinancial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.

Sources:Publications in the Belgian Official GazetteFilings with the National Bank

History

On 30 September 2002, INDAO was incorporated.1 In 2022 the registered office moved to Liège.2 The capital was increased 3 times between 2022 and 2025, most recently to €4.5m.345 In 2026 the company took the name INDAO.6 Turnover went from €984,780 in 2018 to €640,917 in 2021 and headcount from 10.2 full-time equivalents in 2018 to 16.8 in 2025.7

  1. 1KBO register
  2. 2Belgian Official Gazette, 08-08-2022
  3. 3Belgian Official Gazette, 22-04-2022
  4. 4Belgian Official Gazette, 12-06-2024
  5. 5Belgian Official Gazette, 11-06-2025
  6. 6Belgian Official Gazette, 13-05-2026
  7. 7National Bank, annual accounts 2018, 2021 and 2025

Next steps