ACTIVE

IKO NV

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Financial year 2025 · closed on 31/12/2025

Net result

123,4 k €

-83.5% YoY

Revenue

133 M €

-7.3% YoY

Equity

42,5 M €

+0.3% YoY

Workforce

139,7 ETP

-5.4% YoY

What does IKO NV do?

IKO NV is a Public limited company incorporated in 1968. Its registered office is in Antwerpen. It employs on average 139,7 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0406.317.459

Incorporation

22/03/1968

Legal form

Public limited company

Registered office

D'Herbouvillekaai 80
2020 Antwerpen · FlandreSee on map

Contributed capital

5 100 000,00 €

Latest accounts

31/12/2025

Average workforce

139,7 ETP

Joint committees (3)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 14 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2011		2009		2008		2007		2006
Income statement
Revenue	133 M €	-7.3%	143,5 M €	-6.1%	152,7 M €	-10.5%	170,7 M €	+25.4%	136,2 M €	+14.0%	119,4 M €	+1.3%	117,8 M €	+4.9%	112,4 M €	-0.3%	112,7 M €	+21.0%	93,2 M €	+25.0%	74,5 M €	-4.4%	77,9 M €	+7.0%	72,8 M €	+9.5%	66,5 M €
EBITDA	3,1 M €	-36.0%	4,8 M €	+32.5%	3,6 M €	-51.8%	7,5 M €	+8.0%	7 M €	+24.8%	5,6 M €	-34.2%	8,5 M €	-3.1%	8,7 M €	+6.8%	8,2 M €	+70.5%	4,8 M €	+12.7%	4,3 M €	+14.0%	3,7 M €	+14.5%	3,3 M €	+49.0%	2,2 M €
Operating result	1,5 M €	-51.8%	3,2 M €	+10.8%	2,8 M €	-48.9%	5,6 M €	-4.7%	5,9 M €	+50.3%	3,9 M €	-43.3%	6,9 M €	-7.1%	7,4 M €	+13.8%	6,5 M €	+121%	2,9 M €	+8.7%	2,7 M €	+82.7%	1,5 M €	-3.3%	1,5 M €	+42.5%	1,1 M €
Net result	123,4 k €	-83.5%	746,8 k €	+147%	302,9 k €	-85.9%	2,1 M €	-32.0%	3,2 M €	+97.7%	1,6 M €	-53.6%	3,4 M €	-16.4%	4,1 M €	+37.4%	3 M €	+205%	981,3 k €	-8.9%	1,1 M €	+597%	154,6 k €	-26.1%	209,1 k €	-14.0%	243,2 k €
Balance sheet
Equity	42,5 M €	+0.3%	42,4 M €	+1.8%	41,7 M €	+0.7%	41,4 M €	+5.5%	39,2 M €	+8.7%	36,1 M €	+4.6%	34,5 M €	+11.1%	31 M €	+15.3%	26,9 M €	+69.8%	15,9 M €	+13.1%	14 M €	+8.3%	12,9 M €	+1.2%	12,8 M €	+1.7%	12,6 M €
Total assets	56,5 M €	-6.3%	60,3 M €	-2.8%	62,1 M €	-2.8%	63,8 M €	+15.4%	55,3 M €	+9.7%	50,4 M €	+6.2%	47,5 M €	+3.8%	45,8 M €	+9.1%	41,9 M €	+6.6%	39,4 M €	-5.2%	41,5 M €	-13.5%	48 M €	+15.9%	41,4 M €	+2.4%	40,5 M €
Cash	2,3 M €	-36.2%	3,7 M €	+17.7%	3,1 M €	-63.9%	8,7 M €	-18.8%	10,7 M €	-26.0%	14,4 M €	+75.5%	8,2 M €	-27.0%	11,3 M €	+92.0%	5,9 M €	+130%	2,5 M €	-16.5%	3,1 M €	+4.3%	2,9 M €	+0.6%	2,9 M €	+241%	852,1 k €
Debts	13 M €	-22.5%	16,7 M €	-14.8%	19,6 M €	-10.1%	21,8 M €	+41.9%	15,4 M €	+13.2%	13,6 M €	+11.5%	12,2 M €	-2.0%	12,4 M €	-13.2%	14,3 M €	-33.9%	21,7 M €	-15.9%	25,8 M €	-22.4%	33,2 M €	+21.6%	27,3 M €	+2.4%	26,7 M €
Other
Workforce	139,7 ETP	-5.4%	147,7 ETP	+1.4%	145,7 ETP	-0.2%	146,0 ETP	+1.1%	144,4 ETP	+2.9%	140,3 ETP	+0.1%	140,1 ETP	+0.1%	140,0 ETP	+0.9%	138,8 ETP	-44.1%	248,3 ETP	+1.1%	245,6 ETP	-4.2%	256,5 ETP	+3.3%	248,3 ETP	+2.7%	241,8 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 25 M€ and 50 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 17 ended

Active mandates

Dirk Theuns

Managing director · since 28 juin 2022 · until 27 juin 2028

Active

Jonathan Koschitzky

Director · since 28 juin 2022 · until 27 juin 2028

Active

Ended mandates

D-consulT

Director · since 29 novembre 2016 · until 28 juin 2022 · 0887.915.333

Represented by Dirk Theuns

Ended

D-consulT

Director · since 28 juin 2016 · until 28 juin 2022 · 0887.915.333

Represented by Dirk Theuns

Ended

Dirk Theuns

Managing director · since 28 juin 2016 · until 28 juin 2022

Ended

Jonathan Koschitzky

Director · since 28 juin 2016 · until 28 juin 2022

Ended

At this address

Other companies at this address

Company	CBE no.
ASBO● Active	0458.131.889
Compagnie Générale des Asphaltes● Active	0400.456.184
IKO EUROPE● Active	0438.379.523
ZEPHET● Active	0883.488.074

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	22/07/2026	30/06/2025	15/07/2024	13/07/2023	01/07/2022	08/07/2021
General meeting	30/06/2026	24/06/2025	25/06/2024	27/06/2023	28/06/2022	29/06/2021
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

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	30/06/2026	22/07/2026	Dutch	PDF
Full model	31/12/2024	24/06/2025	30/06/2025	Dutch	PDF
Full model	31/12/2023	25/06/2024	15/07/2024	Dutch	PDF
Full model	31/12/2022	27/06/2023	13/07/2023	Dutch	PDF
Full model	31/12/2021	28/06/2022	01/07/2022	Dutch	PDF
Full model	31/12/2020	29/06/2021	08/07/2021	Dutch	PDF
Full model	31/12/2019	30/06/2020	10/07/2020	Dutch	PDF
Full model	31/12/2018	25/06/2019	09/07/2019	Dutch	PDF
Full model	31/12/2017	26/06/2018	27/07/2018	Dutch	PDF
Full model	31/12/2016	30/06/2017	05/09/2017	Dutch	PDF
Full model	31/12/2015	28/06/2016	29/08/2016	Dutch	PDF
Full model	31/12/2014	30/06/2015	04/08/2015	Dutch	PDF
Full model	31/12/2013	20/06/2014	15/07/2014	Dutch	PDF
Full model	31/12/2012	18/06/2013	18/07/2013	Dutch	PDF
Full model	31/12/2011	26/06/2012	17/08/2012	Dutch	PDF
Full model	31/12/2010	21/06/2011	06/09/2011	Dutch	PDF
Full model	31/12/2009	15/06/2010	29/07/2010	Dutch	PDF
Full model	31/12/2008	16/06/2009	10/07/2009	Dutch	PDF
Full model	31/12/2007	17/06/2008	09/07/2008	Dutch	PDF
Full model	31/12/2006	29/05/2007	31/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 25 M€ and 50 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.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 17 ended

Active mandates

Dirk Theuns

Managing director · since 28 juin 2022 · until 27 juin 2028

Active

Jonathan Koschitzky

Director · since 28 juin 2022 · until 27 juin 2028

Active

Ended mandates

D-consulT

Director · since 29 novembre 2016 · until 28 juin 2022 · 0887.915.333

Represented by Dirk Theuns

Ended

D-consulT

Director · since 28 juin 2016 · until 28 juin 2022 · 0887.915.333

Represented by Dirk Theuns

Ended

Dirk Theuns

Managing director · since 28 juin 2016 · until 28 juin 2022

Ended

Jonathan Koschitzky

Director · since 28 juin 2016 · until 28 juin 2022

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates06/03/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates05/02/2025
ONTSLAGEN - BENOEMINGEN
PDF
Other13/02/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates05/01/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates03/11/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates26/01/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates11/12/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates02/10/2018
ONTSLAGEN - BENOEMINGEN
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 2025123,4 k €↓
27/05/2025
nominationDirk Van Pelt — vaste vertegenwoordiger
2024
Annual accounts 2024746,8 k €↑
25/06/2024
reconductionDeloitte Bedrijfsrevisoren BV — commissaris
2023
Annual accounts 2023302,9 k €↓
2022
Annual accounts 20222,1 M €↓
28/06/2022
reconductionDirk Theuns — bestuurder
28/06/2022
reconductionJonathan Koschitzky — bestuurder
01/01/2022
nominationSofian Milad — vaste vertegenwoordiger van de commissaris
2021
Annual accounts 20213,2 M €↑
2020
Annual accounts 20201,6 M €↓
2019
Annual accounts 20193,4 M €↓
2018
Annual accounts 20184,1 M €↑
2017
Annual accounts 20173 M €↑
2017
Name changeIko
2011
Annual accounts 2011981,3 k €↓
2009
Annual accounts 20091,1 M €↑
2008
Annual accounts 2008154,6 k €↓
2007
Annual accounts 2007209,1 k €↓
2006
Annual accounts 2006243,2 k €
2006
Name changeAntwerps Teer en Asphaltbedrijf-Anversoise des Goudrons et Asphaltes
22/03/1968
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

IKO NV

Overview

What does IKO NV do?

Trend over 14 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline