ACTIVE

INEX

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Financial year 2025 · closed on 31/12/2025

Net result

546,8 k €

+21.8% YoY

Revenue

2,2 M €

-1.5% YoY

Equity

10,4 M €

+5.6% YoY

Workforce

1,0 ETP

0.0% YoY

What does INEX do?

INEX is a Private limited company incorporated in 1974. Its main activity is: Financial leasing. Its registered office is in Sint-Lievens-Houtem. It employs on average 1,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0413.967.690

Incorporation

14/02/1974

Legal form

Private limited company

Registered office

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

Contributed capital

111 816,78 €

Latest accounts

31/12/2025

Average workforce

1,0 ETP

Activities (NACE)

64910Financial leasing· main 64910Financial leasing 65210Reinsurance 46331Wholesale of dairy products, eggs and edible oils and fats 46331Wholesale of dairy products, eggs and edible oils and fats 68201Rental and operating of own or leased real estate+5

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 18 financial years

	2025		2024		2023		2022		2021		2020		2019		2019		2018		2017		2016		2015		2014		2013		2012		2010		2008		2007
Income statement
Revenue	2,2 M €	-1.5%	2,2 M €	+16.2%	1,9 M €	+4563%	40,9 k €	+0.3%	40,7 k €	-3.4%	42,2 k €	-65.8%	123,2 k €	-99.4%	19,7 M €	-10.2%	21,9 M €	+17.8%	18,6 M €	-10.6%	20,8 M €	-11.8%	23,6 M €	+30.3%	18,1 M €	+122%	8,2 M €	-3.6%	8,5 M €	-14.4%	9,9 M €	+8789%	111,2 k €	-62.5%	296,7 k €
EBITDA	1,1 M €	+19.1%	917 k €	-18.8%	1,1 M €	+65.5%	682,7 k €	+5.0%	649,9 k €	-42.8%	1,1 M €	+39.9%	811,5 k €	-10.1%	902,5 k €	+12.7%	801 k €	+222%	248,5 k €	+36.5%	182 k €	+32.1%	137,8 k €	+86.7%	73,8 k €	-89.8%	721,3 k €	-48.8%	1,4 M €	+311%	342,9 k €	+525%	54,9 k €	+1181%	-5,1 k €
Operating result	658,3 k €	+37.5%	478,9 k €	-39.6%	793,2 k €	+123%	355,6 k €	+6.9%	332,5 k €	-59.8%	826,8 k €	+41.5%	584,3 k €	-31.8%	856,2 k €	+56.2%	548,3 k €	+171%	202,7 k €	+74.6%	116,1 k €	+48.9%	78 k €	+416%	15,1 k €	-97.7%	662,6 k €	-50.9%	1,4 M €	+500%	225 k €	+310%	54,9 k €	+1181%	-5,1 k €
Net result	546,8 k €	+21.8%	448,9 k €	-41.9%	772,6 k €	+151%	308,4 k €	+15.9%	266,1 k €	-60.4%	671,7 k €	+56.9%	428,1 k €	-31.6%	625,9 k €	+48.1%	422,8 k €	-30.0%	603,6 k €	+1011%	54,3 k €	-82.0%	301,2 k €	+287%	77,7 k €	-87.0%	596,7 k €	-47.5%	1,1 M €	-10.9%	1,3 M €	+1.3%	1,3 M €	-93.5%	19,3 M €
Balance sheet
Equity	10,4 M €	+5.6%	9,8 M €	+4.8%	9,4 M €	+9.0%	8,6 M €	+3.7%	8,3 M €	+3.3%	8 M €	+9.1%	7,3 M €	+21.9%	6 M €	+11.6%	5,4 M €	+8.5%	5 M €	+13.8%	4,4 M €	+1.3%	4,3 M €	-13.9%	5 M €	+1.6%	4,9 M €	-32.7%	7,3 M €	+22.9%	6 M €	-82.0%	33,3 M €	+3.9%	32 M €
Total assets	12,3 M €	+8.0%	11,4 M €	+9.3%	10,4 M €	+18.2%	8,8 M €	+2.4%	8,6 M €	+5.8%	8,1 M €	+0.5%	8,1 M €	-33.3%	12,1 M €	-1.9%	12,3 M €	+10.6%	11,2 M €	+10.2%	10,1 M €	+20.5%	8,4 M €	+22.4%	6,9 M €	-29.7%	9,8 M €	+12.3%	8,7 M €	-7.3%	9,4 M €	-73.5%	35,4 M €	+4.1%	34 M €
Cash	801,7 k €	+285%	208,3 k €	-36.1%	325,8 k €	-16.1%	388,3 k €	-47.6%	741,3 k €	+27.0%	583,7 k €	+125%	259,4 k €	-83.8%	1,6 M €	+20.4%	1,3 M €	+96.9%	674,7 k €	+47.6%	457 k €	-44.8%	828,1 k €	+168%	309,5 k €	-63.3%	842,4 k €	+70.6%	493,9 k €	+163%	187,9 k €	+88.9%	99,5 k €	+177%	35,9 k €
Debts	1,9 M €	+23.7%	1,5 M €	+50.4%	1 M €	+416%	198,1 k €	-34.3%	301,7 k €	+222%	93,7 k €	-86.9%	716,5 k €	-84.2%	4,5 M €	+31.9%	3,4 M €	+35.0%	2,6 M €	+17.6%	2,2 M €	-1.4%	2,2 M €	+62.0%	1,4 M €	-69.2%	4,4 M €	+367%	943,8 k €	-69.8%	3,1 M €	+108%	1,5 M €	+7.7%	1,4 M €
Other
Workforce	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	+150%	0,4 ETP	-89.5%	3,8 ETP	-7.3%	4,1 ETP	-10.9%	4,6 ETP	0.0%	4,6 ETP	0.0%	4,6 ETP	0.0%	4,6 ETP	-4.2%	4,8 ETP	+9.1%	4,4 ETP	+7.3%	4,1 ETP	-29.3%	5,8 ETP	0.0%	5,8 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 24 ended

Active mandates

Catherine Gilain-Pycke

Director · since 02 juin 2025 · until 31 décembre 2030

Active

Daisy Davignon-Pycke

Managing director · since 02 juin 2025 · until 31 décembre 2030

Active

Ended mandates

Catherine Gilain-Pycke

Director · since 02 septembre 2019 · until 02 juin 2025

Ended

Daisy Davignon-Pycke

Managing director · since 02 septembre 2019 · until 02 juin 2025

Ended

JAGECON

Director · since 16 juillet 2019 · until 01 juin 2020 · 0688.880.637

Represented by Jan Geeroms

Ended

JAGECON

Director · since 16 juillet 2019 · until 01 juin 2020 · 0688.880.637

Represented by Jan Geeroms

Ended

At this address

Other companies at this address

Company	CBE no.
Inex● Active	0413.000.264
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	31/03/2019	02/09/2019	04/09/2019	Dutch	PDF
Full model	31/03/2018	04/09/2018	18/09/2018	Dutch	PDF
Full model	31/03/2017	04/09/2017	14/09/2017	Dutch	PDF
Full model	31/03/2016	01/09/2016	05/09/2016	Dutch	PDF
Full model	31/03/2015	01/09/2015	02/09/2015	Dutch	PDF
Full model	31/03/2014	01/09/2014	11/09/2014	Dutch	PDF
Full model	31/03/2013	03/09/2013	09/09/2013	Dutch	PDF
Full model	31/03/2012	03/09/2012	06/09/2012	Dutch	PDF
Full model	31/03/2011	26/09/2011	14/10/2011	Dutch	PDF
Full model	31/03/2010	02/09/2010	23/09/2010	Dutch	PDF
Full model	31/01/2009	02/06/2009	03/07/2009	Dutch	PDF
Full model	31/01/2008	02/06/2008	12/06/2008	Dutch	PDF
Full model	31/01/2007	04/06/2007	26/06/2007	Dutch	PDF

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.

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 · 24 ended

Active mandates

Catherine Gilain-Pycke

Director · since 02 juin 2025 · until 31 décembre 2030

Active

Daisy Davignon-Pycke

Managing director · since 02 juin 2025 · until 31 décembre 2030

Active

Ended mandates

Catherine Gilain-Pycke

Director · since 02 septembre 2019 · until 02 juin 2025

Ended

Daisy Davignon-Pycke

Managing director · since 02 septembre 2019 · until 02 juin 2025

Ended

JAGECON

Director · since 16 juillet 2019 · until 01 juin 2020 · 0688.880.637

Represented by Jan Geeroms

Ended

JAGECON

Director · since 16 juillet 2019 · until 01 juin 2020 · 0688.880.637

Represented by Jan Geeroms

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates11/09/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates23/08/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates27/08/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates29/10/2019
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring16/10/2019
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates06/08/2019
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring05/07/2019
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates06/10/2017
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 2025546,8 k €↑
2024
Annual accounts 2024448,9 k €↓
2023
Annual accounts 2023772,6 k €↑
2022
Annual accounts 2022308,4 k €↑
2021
Annual accounts 2021266,1 k €↓
2020
Annual accounts 2020671,7 k €↑
2019
Annual accounts 2019428,1 k €↓
2019
Annual accounts 2019625,9 k €↑
2018
Annual accounts 2018422,8 k €↓
2017
Annual accounts 2017603,6 k €↑
2016
Annual accounts 201654,3 k €↓
2015
Annual accounts 2015301,2 k €↑
2014
Annual accounts 201477,7 k €↓
2013
Annual accounts 2013596,7 k €↓
2012
Annual accounts 20121,1 M €↓
2010
Annual accounts 20101,3 M €↑
2008
Annual accounts 20081,3 M €↓
2007
Annual accounts 200719,3 M €
14/02/1974
IncorporationPrivate 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 18 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