INTERCOMMUNALE D'ETUDE ET DE GESTION
0229.068.864 · rovalta.com · 21/09/2026
ACTIVE
INTERCOMMUNALE D'ETUDE ET DE GESTION
Financial year 2025 · closed on 31/12/2025
Net result
4,3 M €
-35.3% YoY
Revenue
19,7 M €
-22.5% YoY
Equity
106,2 M €
+4.1% YoY
Workforce
87,5 ETP
+0.1% YoY
Overview
What does INTERCOMMUNALE D'ETUDE ET DE GESTION do?
INTERCOMMUNALE D'ETUDE ET DE GESTION is a Cooperative society incorporated in 1986. Its registered office is in Mouscron. It employs on average 87,5 ETP workers (FTE).
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0229.068.864
Incorporation
11/06/1986
Legal form
Cooperative society
Registered office
Rue de la Solidarité 80
7700 Mouscron · WallonieSee on map
7700 Mouscron · WallonieSee on map
Contributed capital
40 695 366,48 €
Latest accounts
31/12/2025
Average workforce
87,5 ETP
Contacts
1 public detail availableLog in to view
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue
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Financials
Trend over 19 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | |||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||||||||||||||||||||||||
| Revenue | 19,7 M € | -22.5% | 25,5 M € | +15.6% | 22 M € | -27.3% | 30,3 M € | +56.3% | 19,4 M € | +9.3% | 17,7 M € | -11.4% | 20 M € | +8.2% | 18,5 M € | -7.2% | 19,9 M € | -9.9% | 22,1 M € | +22.9% | 18 M € | -10.7% | 20,2 M € | -25.9% | 27,2 M € | +50.2% | 18,1 M € | +19.6% | 15,2 M € | +3.4% | 14,6 M € | -25.5% | 19,7 M € | +8.8% | 18,1 M € | +0.7% | 17,9 M € |
| EBITDA | 4,7 M € | -42.5% | 8,2 M € | +45.8% | 5,6 M € | -44.6% | 10,2 M € | +88.1% | 5,4 M € | +30.7% | 4,1 M € | -21.0% | 5,2 M € | +78.7% | 2,9 M € | -45.3% | 5,4 M € | -15.3% | 6,3 M € | -39.6% | 10,5 M € | +118% | 4,8 M € | -65.8% | 14 M € | +107% | 6,8 M € | +43.2% | 4,7 M € | -7.4% | 5,1 M € | -33.0% | 7,6 M € | -6.5% | 8,1 M € | +13.8% | 7,2 M € |
| Operating result | 1,1 M € | -76.9% | 4,7 M € | +143% | 1,9 M € | -72.0% | 6,9 M € | +182% | 2,4 M € | +1332% | 170,4 k € | -87.6% | 1,4 M € | +254% | -891,2 k € | -156% | 1,6 M € | -37.1% | 2,5 M € | -59.5% | 6,2 M € | +1518% | 384,2 k € | -95.9% | 9,3 M € | +261% | 2,6 M € | +325% | -1,1 M € | +55.2% | -2,6 M € | -201% | 2,5 M € | -38.0% | 4,1 M € | +30.7% | 3,1 M € |
| Net result | 4,3 M € | -35.3% | 6,6 M € | +52.7% | 4,4 M € | -41.1% | 7,4 M € | +73.7% | 4,3 M € | +89.0% | 2,2 M € | -61.1% | 5,8 M € | +255% | 1,6 M € | -51.2% | 3,3 M € | -42.4% | 5,8 M € | -34.6% | 8,9 M € | +29.0% | 6,9 M € | -31.5% | 10,1 M € | +96.1% | 5,1 M € | -4.7% | 5,4 M € | +4520% | 116,4 k € | -99.1% | 13,6 M € | +922% | 1,3 M € | -11.1% | 1,5 M € |
| Balance sheet | |||||||||||||||||||||||||||||||||||||
| Equity | 106,2 M € | +4.1% | 102 M € | +7.8% | 94,6 M € | +3.9% | 91,1 M € | +9.1% | 83,5 M € | +1.7% | 82,1 M € | +1.7% | 80,7 M € | +6.3% | 75,9 M € | -0.7% | 76,4 M € | +2.8% | 74,3 M € | +65.6% | 44,9 M € | -35.6% | 69,7 M € | +4.0% | 67,1 M € | +1.1% | 66,3 M € | -1.1% | 67,1 M € | +1.8% | 65,8 M € | +0.5% | 65,5 M € | +55.7% | 42,1 M € | -1.7% | 42,8 M € |
| Total assets | 190,1 M € | +2.2% | 186 M € | +0.4% | 185,3 M € | +12.2% | 165,1 M € | -2.1% | 168,7 M € | -1.0% | 170,4 M € | +3.0% | 165,3 M € | +0.1% | 165,2 M € | -3.4% | 171 M € | +2.2% | 167,3 M € | -0.2% | 167,7 M € | -0.1% | 167,9 M € | -0.6% | 168,8 M € | +5.7% | 159,7 M € | +0.8% | 158,4 M € | +0.3% | 158 M € | -3.2% | 163,2 M € | +23.2% | 132,5 M € | -0.4% | 133,1 M € |
| Cash | 5,5 M € | -37.7% | 8,8 M € | +6.6% | 8,3 M € | +5.2% | 7,9 M € | -27.2% | 10,8 M € | +36.5% | 7,9 M € | +17.7% | 6,7 M € | +1.5% | 6,6 M € | -6.6% | 7,1 M € | +35.1% | 5,2 M € | -0.6% | 5,3 M € | -46.4% | 9,8 M € | +82.1% | 5,4 M € | -34.8% | 8,3 M € | +3.0% | 8,1 M € | +26.1% | 6,4 M € | +40.0% | 4,6 M € | +893% | 459,4 k € | -44.0% | 821 k € |
| Debts | 63,2 M € | -0.0% | 63,3 M € | -9.0% | 69,5 M € | +32.0% | 52,6 M € | -16.8% | 63,3 M € | -3.9% | 65,8 M € | +6.3% | 62 M € | -6.6% | 66,3 M € | -7.2% | 71,5 M € | +6.0% | 67,4 M € | -29.6% | 95,7 M € | +39.8% | 68,5 M € | -1.8% | 69,7 M € | +11.1% | 62,8 M € | +8.4% | 57,9 M € | +7.2% | 54 M € | -6.3% | 57,6 M € | +10.4% | 52,2 M € | -2.3% | 53,4 M € |
| Other | |||||||||||||||||||||||||||||||||||||
| Workforce | 87,5 ETP | +0.1% | 87,4 ETP | -3.2% | 90,3 ETP | -0.9% | 91,1 ETP | -2.4% | 93,3 ETP | -1.0% | 94,2 ETP | -1.2% | 95,3 ETP | -5.3% | 100,6 ETP | -1.1% | 101,7 ETP | -5.8% | 108,0 ETP | -4.4% | 113,0 ETP | -7.4% | 122,0 ETP | +2.5% | 119,0 ETP | -0.8% | 120,0 ETP | +3.4% | 116,0 ETP | -0.4% | 116,5 ETP | -0.4% | 117,0 ETP | +9.9% | 106,5 ETP | +6.0% | 100,5 ETP |
Estimate
Indicative valuation
As an indication, this company is worth
between 10 M€ and 25 M€
See the valuationGovernance
Board of directors
Seen on filing of 31/12/2025 · 17 active · 87 ended
Active mandates
Ann CLOET
ActiveDaniel SENESAEL
ActiveEmmanuel PROVIS
ActiveEric DEMARQUE
ActiveFrançois MOULIGNEAU
ActiveJean-François HOSTE
ActiveKamel HACHMI
ActiveThibault MOREL
ActiveJean-Jacques PIETERS
ActiveRoger ROUSMANS
ActivePhilippe MOUTON
ActiveJorj RADIKOV
ActiveDavid KYRIAKIDIS
ActiveDavid WERQUIN
ActiveMarc CASTEL
ActiveMathilde VANDORPE
ActiveSimon VARRASSE
ActiveEnded mandates
François MOULIGNEAU
EndedDaniel SENESAEL
EndedBrigitte AUBERT
EndedJorg RADIKOV
EndedAt this address
Other companies at this address
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|---|---|
CRECHE SAINT-ACHAIRE● Active | 0884.694.735 |
FUTUR AUX SPORTS● Active | 0884.547.156 |
IEGSUN● Active | 1006.570.879 |
Financials
Annual accounts
Full financial information
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Type of account | Full model | Full model | Full model | Full model | Full model | Full 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 | 02/07/2026 | 02/07/2025 | 03/07/2024 | 27/07/2023 | 20/07/2022 | 29/06/2021 |
| General meeting | 19/06/2026 | 27/06/2025 | 28/06/2024 | 30/06/2023 | 24/06/2022 | 25/06/2021 |
| 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
Looking for more information about this company?
Try for 7 daysFilings
Annual accounts filings
22 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Full model | 31/12/2025 | 19/06/2026 | 02/07/2026 | French | |
| Full model | 31/12/2024 | 27/06/2025 | 02/07/2025 | French | |
| Full model | 31/12/2023 | 28/06/2024 | 03/07/2024 | French | |
| Full model | 31/12/2022 | 30/06/2023 | 27/07/2023 | French | |
| Full model | 31/12/2021 | 24/06/2022 | 20/07/2022 | French | |
| Full model | 31/12/2020 | 25/06/2021 | 29/06/2021 | French | |
| Full model | 31/12/2019 | 26/06/2020 | 30/06/2020 | French | |
| Full model | 31/12/2018 | 28/06/2019 | 02/07/2019 | French | |
| Full model | 31/12/2017 | 29/06/2018 | 04/07/2018 | French | |
| Full model | 31/12/2016 | 30/06/2017 | 04/07/2017 | French | |
| Full model | 31/12/2015 | 30/06/2016 | 30/06/2016 | French | |
| Full model | 31/12/2014 | 26/06/2015 | 26/06/2015 | French | |
| Full model | 31/12/2013 | 27/06/2014 | 27/06/2014 | French | |
| Full model | 31/12/2012 | 27/06/2013 | 27/06/2013 | French | |
| Full model | 31/12/2011 | 29/06/2012 | 13/07/2012 | French | |
| Full modelCorrection | 31/12/2010 | 30/06/2011 | 09/09/2011 | French | |
| Full model | 31/12/2010 | 30/06/2011 | 30/06/2011 | French | |
| Full modelCorrection | 31/12/2009 | 30/06/2010 | 09/09/2011 | French | |
| Full model | 31/12/2009 | 30/06/2010 | 30/06/2010 | French | |
| Full model | 31/12/2008 | 30/06/2009 | 17/07/2009 | French | |
| Full model | 31/12/2007 | 27/06/2008 | 30/06/2008 | French | |
| Full model | 31/12/2006 | 29/06/2007 | 09/08/2007 | French |
Valuation
Estimate
Indicative valuation
Order of magnitude
As an indication, this company is worth
between 10 M€ and 25 M€
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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Governance
Board of directors
Seen on filing of 31/12/2025 · 17 active · 87 ended
Active mandates
Ann CLOET
ActiveDaniel SENESAEL
ActiveEmmanuel PROVIS
ActiveEric DEMARQUE
ActiveFrançois MOULIGNEAU
ActiveJean-François HOSTE
ActiveKamel HACHMI
ActiveThibault MOREL
ActiveJean-Jacques PIETERS
ActiveRoger ROUSMANS
ActivePhilippe MOUTON
ActiveJorj RADIKOV
ActiveDavid KYRIAKIDIS
ActiveDavid WERQUIN
ActiveMarc CASTEL
ActiveMathilde VANDORPE
ActiveSimon VARRASSE
ActiveEnded mandates
François MOULIGNEAU
EndedDaniel SENESAEL
EndedBrigitte AUBERT
EndedJorg RADIKOV
EndedShareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
- Mandates22/07/2025DEMISSIONS, NOMINATIONS
- Mandates28/04/2025DEMISSIONS, NOMINATIONS
- Mandates07/10/2024DEMISSIONS, NOMINATIONS
- Mandates05/07/2024DEMISSIONS, NOMINATIONS
- Other13/02/2024STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - OBJET
- Mandates29/07/2019DEMISSIONS, NOMINATIONS
- Mandates28/09/2018DEMISSIONS, NOMINATIONS
- Other05/07/2018DIVERS
Source: Belgian Official Gazette
Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 20254,3 M €↓
- 27/06/2025reconductionMOULIGNEAU François — administrateur
- 27/06/2025reconductionRADIKOV Jorj — administrateur
- 27/06/2025reconductionVARRASSE Simon — administrateur
- 27/06/2025reconductionSENESAEL Daniel — administrateur
- 27/06/2025reconductionPIETERS Jean-Jacques — administrateur
- 27/06/2025nominationPROVIS Emmanuel — administrateur
- 27/06/2025nominationCLOET Ann — administrateur
- 27/06/2025nominationHACHMI Kamel — administrateur
- 27/06/2025nominationMOREL Thibault — administrateur
- 27/06/2025nominationDEMARQUE Eric — administrateur
- 27/06/2025nominationHOSTE Jean-François — administrateur
- 13/03/2025nominationMOULIGNEAU François — président du conseil d'administration
- 2024Annual accounts 20246,6 M €↑
- 05/12/2024nominationMOULIGNEAU François — administrateur
- 05/12/2024nominationPIETERS Jean-Jacques — administrateur
- 05/09/2024nominationSENESAEL Daniel — administrateur
- 04/04/2024nominationROUSMANS Roger — administrateur
- 15/02/2024nominationMOUTON Philippe — administrateur
- 15/02/2024nominationAUBERT Brigitte — administrateur
- 2023Annual accounts 20234,4 M €↓
- 12/10/2023nominationRADIKOV Jorj — administrateur
- 12/10/2023nominationRADIKOV Jorj — président du conseil d'administration
- 2022Annual accounts 20227,4 M €↑
- 2021Annual accounts 20214,3 M €↑
- 2020Annual accounts 20202,2 M €↓
- 2019Annual accounts 20195,8 M €↑
- 2018Annual accounts 20181,6 M €↓
- 2017Annual accounts 20173,3 M €↓
- 2015Annual accounts 20155,8 M €↓
- 2014Annual accounts 20148,9 M €↑
- 2013Annual accounts 20136,9 M €↓
- 2012Annual accounts 201210,1 M €↑
- 2011Annual accounts 20115,1 M €↓
- 2010Annual accounts 20105,4 M €↑
- 2009Annual accounts 2009116,4 k €↓
- 2008Annual accounts 200813,6 M €↑
- 2007Annual accounts 20071,3 M €↓
- 2006Annual accounts 20061,5 M €
- 11/06/1986IncorporationCooperative society