ACTIVE

INLEC

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Financial year 2025 · closed on 31/12/2025

Net result

-11,9 k €

-104.5% YoY

Gross margin

771,4 k €

-13.7% YoY

Equity

5,5 M €

-0.6% YoY

Workforce

3,0 ETP

-6.3% YoY

What does INLEC do?

INLEC is a Public limited company incorporated in 1981. Its registered office is in Bruxelles. It employs on average 3,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0421.767.678

Incorporation

06/08/1981

Legal form

Public limited company

Registered office

Boulevard Anspach 61
1000 Bruxelles · BruxellesSee on map

Contributed capital

61 500,00 €

Latest accounts

31/12/2025

Average workforce

3,0 ETP

Joint committees (1)

Signals

Solid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2024		2022		2021		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	771,4 k €	-13.7%	893,4 k €	+3.1%	866,4 k €	+6.5%	813,7 k €	+45.1%	560,9 k €	-44.8%	1 M €	-38.5%	1,7 M €	+4.9%	1,6 M €	-0.9%	1,6 M €	+11.2%	1,4 M €	+20.9%	1,2 M €	+15.6%	1 M €	+21.7%	841,1 k €	-21.6%	1,1 M €	+3.4%	1 M €	-5.5%	1,1 M €	+4.1%	1,1 M €
EBITDA	376,1 k €	-46.8%	707,3 k €	-5.7%	749,8 k €	+11.1%	674,7 k €	+59.3%	423,5 k €	-53.3%	906,3 k €	+10.8%	818,3 k €	+24.5%	657,1 k €	-18.8%	808,8 k €	+28.6%	628,8 k €	+49.4%	420,8 k €	+38.8%	303,1 k €	+227%	92,8 k €	-73.6%	352 k €	+3.1%	341,2 k €	-15.1%	402 k €	+4.9%	383,2 k €
Operating result	41,8 k €	-88.7%	369,9 k €	+12.5%	328,7 k €	+15.0%	285,9 k €	+58.6%	180,3 k €	-72.4%	652,1 k €	+17.3%	556,1 k €	+43.1%	388,6 k €	-26.1%	525,8 k €	+49.2%	352,4 k €	+48.6%	237,2 k €	+83.8%	129,1 k €	+331%	-55,8 k €	-126%	215,5 k €	+3.0%	209,2 k €	-22.7%	270,6 k €	+16.6%	232,1 k €
Net result	-11,9 k €	-104%	267,4 k €	+17.8%	226,9 k €	+26.4%	179,5 k €	+34.3%	133,6 k €	-65.8%	391,3 k €	+2.7%	381,2 k €	+32.1%	288,6 k €	-24.4%	381,7 k €	+30.7%	291,9 k €	-24.2%	385,2 k €	+2717%	13,7 k €	+160%	-22,6 k €	-110%	227,2 k €	+11.2%	204,3 k €	-16.5%	244,6 k €	+13.2%	216 k €
Balance sheet
Equity	5,5 M €	-0.6%	5,6 M €	-28.6%	7,8 M €	+5.3%	7,4 M €	+1.7%	7,3 M €	+2.0%	7,1 M €	+5.7%	6,8 M €	+5.8%	6,4 M €	+4.6%	6,1 M €	+6.5%	5,7 M €	+5.2%	5,4 M €	+7.4%	5,1 M €	+0.1%	5,1 M €	-0.6%	5,1 M €	+4.5%	4,9 M €	+4.2%	4,7 M €	+5.3%	4,4 M €
Total assets	7,8 M €	-1.0%	7,8 M €	-23.3%	10,2 M €	+3.7%	9,8 M €	+26.0%	7,8 M €	+1.6%	7,7 M €	+2.9%	7,5 M €	+3.7%	7,2 M €	-3.2%	7,4 M €	-1.6%	7,6 M €	+27.1%	5,9 M €	+6.9%	5,6 M €	-1.3%	5,6 M €	-0.1%	5,6 M €	+4.3%	5,4 M €	+2.0%	5,3 M €	+5.6%	5 M €
Cash	63,7 k €	+290%	16,4 k €	-97.8%	747,6 k €	+1.9%	733,4 k €	-65.0%	2,1 M €	+5.5%	2 M €	+196%	671 k €	+439%	124,4 k €	-53.8%	269,2 k €	+84.2%	146,1 k €	-91.8%	1,8 M €	+530%	284,4 k €	-74.3%	1,1 M €	+2.8%	1,1 M €	+291%	275,7 k €	-80.0%	1,4 M €	+35.4%	1 M €
Debts	2,1 M €	-1.8%	2,1 M €	-5.9%	2,2 M €	-2.9%	2,3 M €	+428%	437,7 k €	+2.8%	425,8 k €	-25.3%	570,1 k €	-12.7%	653,4 k €	-43.4%	1,2 M €	-29.1%	1,6 M €	+524%	260,8 k €	+12.7%	231,4 k €	-20.1%	289,6 k €	+18.9%	243,6 k €	+18.8%	205 k €	-25.8%	276,4 k €	+32.8%	208,1 k €
Other
Workforce	3,0 ETP	-6.3%	3,2 ETP	+28.0%	2,5 ETP	-10.7%	2,8 ETP	-15.2%	3,3 ETP	+6.5%	3,1 ETP	-85.5%	21,4 ETP	0.0%	21,4 ETP	+2.4%	20,9 ETP	+2.5%	20,4 ETP	-1.9%	20,8 ETP	+4.0%	20,0 ETP	-4.8%	21,0 ETP	+5.5%	19,9 ETP	+4.2%	19,1 ETP	-3.0%	19,7 ETP	-7.1%	21,2 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 17 ended

Active mandates

Jacques INDEKEU

Managing director

Active

Jean-Mathieu INDEKEU

Director

Active

Michèle LECLERCQ

Director

Active

Ended mandates

Jacques Indekeu

Managing director · since 13 septembre 2023 · until 04 juin 2029

Ended

Jean-Mathieu Indekeu

Director · since 13 septembre 2023 · until 04 juin 2029

Ended

Michele Leclercq

Director · since 13 septembre 2023 · until 04 juin 2029

Ended

Jean-Mathieu Indekeu

Director · since 01 janvier 2021 · until 08 juin 2026

Ended

At this address

Other companies at this address

Company	CBE no.
Groupement du Commerce du Centre de Bruxelles● Active	0421.346.224

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged 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	29/07/2026	30/09/2025	20/09/2024	17/04/2023	15/06/2022	20/05/2021
General meeting	01/06/2026	25/09/2025	26/08/2024	31/03/2023	07/06/2022	18/05/2021
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
Abridged model	31/12/2025	01/06/2026	29/07/2026	Dutch	PDF
Abridged model	31/12/2024	25/09/2025	30/09/2025	Dutch	PDF
Abridged model	31/12/2023	26/08/2024	20/09/2024	Dutch	PDF
Abridged model	31/12/2022	31/03/2023	17/04/2023	Dutch	PDF
Abridged model	31/12/2021	07/06/2022	15/06/2022	Dutch	PDF
Abridged model	31/12/2020	18/05/2021	20/05/2021	Dutch	PDF
Abridged model	31/12/2019	30/06/2020	29/07/2020	Dutch	PDF
Abridged model	31/12/2018	03/06/2019	16/07/2019	Dutch	PDF
Abridged model	31/12/2017	25/06/2018	25/07/2018	Dutch	PDF
Abridged model	31/12/2016	05/06/2017	30/08/2017	Dutch	PDF
Abridged model	31/12/2015	06/06/2016	14/08/2016	Dutch	PDF
Abridged model	31/12/2014	01/06/2015	26/08/2015	Dutch	PDF
Abridged model	31/12/2013	02/06/2014	29/09/2014	Dutch	PDF
Abridged model	31/12/2012	03/06/2013	09/08/2013	Dutch	PDF
Abridged model	31/12/2011	04/06/2012	31/07/2012	Dutch	PDF
Abridged model	31/12/2010	06/06/2011	31/08/2011	Dutch	PDF
Abridged model	31/12/2009	07/06/2010	27/08/2010	Dutch	PDF
Abridged model	31/12/2008	01/06/2009	12/06/2009	Dutch	PDF
Abridged model	31/12/2007	02/06/2008	25/08/2008	Dutch	PDF
Abridged model	31/12/2006	04/06/2007	29/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 5 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 · 3 active · 17 ended

Active mandates

Jacques INDEKEU

Managing director

Active

Jean-Mathieu INDEKEU

Director

Active

Michèle LECLERCQ

Director

Active

Ended mandates

Jacques Indekeu

Managing director · since 13 septembre 2023 · until 04 juin 2029

Ended

Jean-Mathieu Indekeu

Director · since 13 septembre 2023 · until 04 juin 2029

Ended

Michele Leclercq

Director · since 13 septembre 2023 · until 04 juin 2029

Ended

Jean-Mathieu Indekeu

Director · since 01 janvier 2021 · until 08 juin 2026

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Restructuring06/10/2023
CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Restructuring13/06/2023
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Mandates19/02/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates02/04/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates02/01/2018
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring20/01/2017
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates14/12/2016
ONTSLAGEN - BENOEMINGEN
PDF
Mandates03/12/2014
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 2025-11,9 k €↓
2024
Annual accounts 2024267,4 k €↑
2022
Annual accounts 2022226,9 k €↑
2021
Annual accounts 2021179,5 k €↑
2018
Annual accounts 2018133,6 k €↓
2017
Annual accounts 2017391,3 k €↑
2016
Annual accounts 2016381,2 k €↑
2015
Annual accounts 2015288,6 k €↓
2014
Annual accounts 2014381,7 k €↑
2013
Annual accounts 2013291,9 k €↓
2012
Annual accounts 2012385,2 k €↑
2011
Annual accounts 201113,7 k €↑
2010
Annual accounts 2010-22,6 k €↓
2009
Annual accounts 2009227,2 k €↑
2008
Annual accounts 2008204,3 k €↓
2007
Annual accounts 2007244,6 k €↑
2006
Annual accounts 2006216 k €
06/08/1981
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

INLEC

Overview

What does INLEC do?

Trend over 17 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