ACTIVE

Inex

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Financial year 2025 · closed on 31/12/2025

Net result

19,3 M €

+11.0% YoY

Revenue

351,1 M €

+11.2% YoY

Equity

113,5 M €

+20.4% YoY

Workforce

430,3 ETP

+0.9% YoY

What does Inex do?

Inex is a Public limited company incorporated in 1973. Its registered office is in Sint-Lievens-Houtem. It employs on average 430,3 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0413.000.264

Incorporation

14/02/1973

Legal form

Public limited company

Registered office

Meulestraat 19
9520 Sint-Lievens-Houtem · FlandreSee on map

Contributed capital

2 392 108,12 €

Latest accounts

31/12/2025

Average workforce

430,3 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 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2013		2012		2011		2010		2008		2007
Income statement
Revenue	351,1 M €	+11.2%	315,9 M €	-2.1%	322,6 M €	+6.4%	303,3 M €	+32.6%	228,7 M €	+14.3%	200,1 M €	+12.3%	178,3 M €	+8.5%	164,3 M €	+8.9%	150,9 M €	+18.7%	127,1 M €	-6.0%	135,3 M €	-10.2%	150,7 M €	+34.9%	111,7 M €	-19.6%	139 M €	-4.4%	145,4 M €	-3.3%	150,3 M €	+9.3%	137,5 M €	-5.0%	144,8 M €	+14.1%	126,9 M €
EBITDA	25,8 M €	+15.5%	22,4 M €	-29.9%	31,9 M €	+271%	8,6 M €	-14.2%	10 M €	-41.2%	17,1 M €	+36.7%	12,5 M €	-35.4%	19,3 M €	+334%	4,4 M €	-0.3%	4,5 M €	-14.1%	5,2 M €	+11.7%	4,6 M €	+943%	445,5 k €	-82.4%	2,5 M €	-57.0%	5,9 M €	+21.3%	4,8 M €	-53.0%	10,3 M €	+278%	2,7 M €	+35.0%	2 M €
Operating result	21,2 M €	+13.6%	18,7 M €	-34.8%	28,6 M €	+456%	5,2 M €	-16.6%	6,2 M €	-50.5%	12,5 M €	+37.8%	9,1 M €	-43.9%	16,2 M €	+681%	2,1 M €	-13.6%	2,4 M €	-27.3%	3,3 M €	+39.0%	2,4 M €	+286%	-1,3 M €	-1346%	-88,3 k €	-103%	2,8 M €	+74.4%	1,6 M €	-77.4%	7,2 M €	+1313%	512,2 k €	+331%	-221,5 k €
Net result	19,3 M €	+11.0%	17,4 M €	-32.4%	25,7 M €	+335%	5,9 M €	-20.5%	7,4 M €	-33.7%	11,2 M €	+45.0%	7,7 M €	-37.5%	12,4 M €	+635%	1,7 M €	-39.9%	2,8 M €	-16.3%	3,3 M €	-10.4%	3,7 M €	+689%	-633,6 k €	-201%	629,4 k €	-78.6%	2,9 M €	+46.5%	2 M €	-74.4%	7,8 M €	+296%	2 M €	-92.3%	25,8 M €
Balance sheet
Equity	113,5 M €	+20.4%	94,2 M €	+9.7%	85,9 M €	+26.1%	68,1 M €	+6.0%	64,3 M €	+9.2%	58,9 M €	+19.0%	49,5 M €	+9.5%	45,2 M €	+26.1%	35,8 M €	+4.9%	34,2 M €	+4.5%	32,7 M €	+1.0%	32,4 M €	+7.0%	30,2 M €	-2.4%	31 M €	-14.9%	36,4 M €	+8.6%	33,5 M €	+7.5%	31,2 M €	-58.9%	76 M €	+2.7%	74 M €
Total assets	155,5 M €	+5.7%	147,2 M €	+8.0%	136,3 M €	+23.1%	110,7 M €	+10.5%	100,2 M €	+14.4%	87,7 M €	+11.1%	78,9 M €	+4.9%	75,2 M €	+23.4%	60,9 M €	+5.7%	57,6 M €	-0.3%	57,8 M €	+2.9%	56,2 M €	-9.3%	61,9 M €	-1.5%	62,9 M €	+5.0%	59,9 M €	+7.8%	55,6 M €	+6.2%	52,3 M €	-44.1%	93,6 M €	+2.8%	91,1 M €
Cash	8,7 M €	-28.3%	12,1 M €	+52.7%	7,9 M €	-27.2%	10,9 M €	+34.7%	8,1 M €	-41.3%	13,7 M €	+64.2%	8,4 M €	-16.3%	10 M €	+380%	2,1 M €	-21.5%	2,7 M €	-9.5%	2,9 M €	+50.1%	2 M €	-11.9%	2,2 M €	-42.7%	3,9 M €	+55.1%	2,5 M €	+99.4%	1,3 M €	-60.1%	3,1 M €	+212%	1 M €	-31.5%	1,5 M €
Debts	41,3 M €	-21.3%	52,5 M €	+5.7%	49,7 M €	+18.9%	41,8 M €	+19.1%	35,1 M €	+26.6%	27,7 M €	-2.1%	28,3 M €	-1.8%	28,8 M €	+20.5%	23,9 M €	+8.2%	22,1 M €	-7.3%	23,8 M €	+4.3%	22,9 M €	-26.8%	31,2 M €	-0.6%	31,4 M €	+37.8%	22,8 M €	+5.7%	21,6 M €	+5.9%	20,4 M €	+19.9%	17 M €	+10.0%	15,4 M €
Other
Workforce	430,3 ETP	+0.9%	426,4 ETP	+2.4%	416,5 ETP	+2.9%	404,8 ETP	+5.4%	384,1 ETP	+6.3%	361,2 ETP	+8.9%	331,7 ETP	+6.1%	312,7 ETP	+3.9%	300,9 ETP	+0.8%	298,4 ETP	+0.1%	298,1 ETP	-1.5%	302,7 ETP	-4.1%	315,8 ETP	-0.5%	317,3 ETP	-2.3%	324,7 ETP	-1.2%	328,5 ETP	+1.6%	323,4 ETP	-1.3%	327,7 ETP	+3.7%	315,9 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 250 M€ and 500 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 26 ended

Active mandates

Christophe Gilain

Director · since 01 juin 2023 · until 01 juin 2029

Active

Vincent Davignon

Director · since 01 juin 2023 · until 01 juin 2029

Active

Catherine Gilain-Pycke

Managing director · since 01 juin 2021 · until 01 juin 2027

Active

Daisy Davignon-Pycke

Director · since 01 juin 2021 · until 01 juin 2027

Active

Ended mandates

Christophe Gilain

Director · since 06 juin 2017 · until 01 juin 2023

Ended

Paul De Smet Van Damme

Director · since 06 juin 2017 · until 01 juin 2018

Ended

Vincent Davignon

Director · since 06 juin 2017 · until 01 juin 2023

Ended

Catherine Gilain-Pycke

Managing director · since 02 juin 2015 · until 01 juin 2021

Ended

At this address

Other companies at this address

Company	CBE no.
INEX● Active	0413.967.690
INEX BTW-EENHEID● Active	0810.878.824
Inex Food● Active	1015.910.692
INEX-GROUP● Active	0883.592.301
Melkerij Kosto● Active	0405.193.150
Melkerij Sint Clement● Active	0404.049.639
M - TRANS● Active	0436.892.750
Nerilac● Active	0400.643.058

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	07/07/2026	25/06/2025	26/07/2024	26/06/2023	27/06/2022	24/06/2021
General meeting	10/06/2026	02/06/2025	28/06/2024	01/06/2023	01/06/2022	01/06/2021
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	10/06/2026	07/07/2026	Dutch	PDF
Full model	31/12/2024	02/06/2025	25/06/2025	Dutch	PDF
Full model	31/12/2023	28/06/2024	26/07/2024	Dutch	PDF
Full model	31/12/2022	01/06/2023	26/06/2023	Dutch	PDF
Full model	31/12/2021	01/06/2022	27/06/2022	Dutch	PDF
Full model	31/12/2020	01/06/2021	24/06/2021	Dutch	PDF
Full model	31/12/2019	02/06/2020	23/06/2020	Dutch	PDF
Full model	31/12/2018	03/06/2019	24/06/2019	Dutch	PDF
Full model	31/12/2017	01/06/2018	11/06/2018	Dutch	PDF
Full model	31/12/2016	06/06/2017	19/06/2017	Dutch	PDF
Full model	31/12/2015	02/06/2016	13/06/2016	Dutch	PDF
Full model	31/12/2014	02/06/2015	15/06/2015	Dutch	PDF
Full model	31/12/2013	02/06/2014	25/06/2014	Dutch	PDF
Full model	31/03/2013	03/09/2013	09/09/2013	Dutch	PDF
Full model	31/03/2012	03/09/2012	07/09/2012	Dutch	PDF
Full model	31/03/2011	26/09/2011	19/10/2011	Dutch	PDF
Full model	31/03/2010	02/09/2010	23/09/2010	Dutch	PDF
Full model	31/03/2009	29/10/2009	29/10/2009	Dutch	PDF
Full model	31/03/2008	02/09/2008	16/09/2008	Dutch	PDF
Full model	31/03/2007	03/09/2007	06/09/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 M€ and 500 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 · 4 active · 26 ended

Active mandates

Christophe Gilain

Director · since 01 juin 2023 · until 01 juin 2029

Active

Vincent Davignon

Director · since 01 juin 2023 · until 01 juin 2029

Active

Catherine Gilain-Pycke

Managing director · since 01 juin 2021 · until 01 juin 2027

Active

Daisy Davignon-Pycke

Director · since 01 juin 2021 · until 01 juin 2027

Active

Ended mandates

Christophe Gilain

Director · since 06 juin 2017 · until 01 juin 2023

Ended

Paul De Smet Van Damme

Director · since 06 juin 2017 · until 01 juin 2018

Ended

Vincent Davignon

Director · since 06 juin 2017 · until 01 juin 2023

Ended

Catherine Gilain-Pycke

Managing director · since 02 juin 2015 · until 01 juin 2021

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates14/07/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates13/08/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates27/08/2020
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring16/10/2019
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring05/07/2019
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...) - DIVERSEN
PDF
Mandates05/07/2017
ONTSLAGEN - BENOEMINGEN
PDF
Mandates29/06/2015
ONTSLAGEN - BENOEMINGEN
PDF
Mandates25/08/2014
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 202519,3 M €↑
2024
Annual accounts 202417,4 M €↓
2023
Annual accounts 202325,7 M €↑
01/06/2023
reconductionChristophe Gilain — bestuurder
01/06/2023
reconductionGraaf Vincent Davignon — bestuurder
2022
Annual accounts 20225,9 M €↓
2021
Annual accounts 20217,4 M €↓
2020
Annual accounts 202011,2 M €↑
2019
Annual accounts 20197,7 M €↓
2018
Annual accounts 201812,4 M €↑
2017
Annual accounts 20171,7 M €↓
2016
Annual accounts 20162,8 M €↓
2015
Annual accounts 20153,3 M €↓
2014
Annual accounts 20143,7 M €↑
2013
Annual accounts 2013-633,6 k €↓
2013
Annual accounts 2013629,4 k €↓
2012
Annual accounts 20122,9 M €↑
2011
Annual accounts 20112 M €↓
2010
Annual accounts 20107,8 M €↑
2008
Annual accounts 20082 M €↓
2007
Annual accounts 200725,8 M €
14/02/1973
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

Inex

Overview

What does Inex do?

Trend over 19 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