ICARUS
0427.223.434 · rovalta.com · 23/09/2026
ACTIVE
ICARUS
Financial year 2025 · closed on 31/12/2025
Net result
36,2 k €
-97.6% YoY
Revenue
29,2 M €
+33.8% YoY
Equity
5,8 M €
+0.6% YoY
Workforce
36,6 ETP
+3.4% YoY
Overview
What does ICARUS do?
ICARUS is a Public limited company incorporated in 1985. Its main activity is: Manufacture of other taps and valves. Its registered office is in Herstal. It employs on average 36,6 ETP workers (FTE).
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0427.223.434
Incorporation
23/05/1985
Legal form
Public limited company
Registered office
Rue des Alouettes 100
4041 Herstal · WallonieSee on map
4041 Herstal · WallonieSee on map
Contributed capital
7 636 297,32 €
Latest accounts
31/12/2025
Average workforce
36,6 ETP
Activities (NACE)
Joint committees (2)
- 111
- 209
Signals
ProfitablePositive cashflowPositive EBITDAHealthy social debtsHigh revenue
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Financials
Trend over 20 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | ||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||||||||||||||||||||||||||
| Revenue | 29,2 M € | +33.8% | 21,8 M € | -34.3% | 33,2 M € | -28.3% | 46,3 M € | +98.6% | 23,3 M € | -20.8% | 29,4 M € | +98.5% | 14,8 M € | -13.3% | 17,1 M € | -27.3% | 23,5 M € | -23.1% | 30,6 M € | -6.8% | 32,8 M € | -5.7% | 34,7 M € | -22.6% | 44,9 M € | -4.2% | 46,9 M € | +22.8% | 38,2 M € | -1.3% | 38,6 M € | -23.3% | 50,4 M € | -21.6% | 64,3 M € | -12.4% | 73,4 M € | +23.2% | 59,6 M € |
| EBITDA | 906,8 k € | -70.6% | 3,1 M € | +236% | -2,3 M € | -147% | 4,8 M € | +163% | 1,8 M € | -31.2% | 2,6 M € | +559% | -574,4 k € | +50.0% | -1,1 M € | -498% | 288,3 k € | +431% | -87,1 k € | -111% | 775,6 k € | +205% | 254,6 k € | -90.0% | 2,6 M € | -32.2% | 3,8 M € | +225% | 1,2 M € | +192% | -1,3 M € | -161% | 2,1 M € | -42.8% | 3,7 M € | -25.8% | 4,9 M € | +23.5% | 4 M € |
| Operating result | 846,7 k € | -71.0% | 2,9 M € | +218% | -2,5 M € | -156% | 4,4 M € | +230% | 1,3 M € | -36.6% | 2,1 M € | +317% | -977,1 k € | +39.2% | -1,6 M € | -720% | -196 k € | +68.1% | -613,8 k € | -530% | 142,7 k € | +139% | -367,4 k € | -119% | 2 M € | -38.7% | 3,2 M € | +486% | 543 k € | +127% | -2 M € | -256% | 1,3 M € | -61.1% | 3,3 M € | -25.8% | 4,4 M € | +47.6% | 3 M € |
| Net result | 36,2 k € | -97.6% | 1,5 M € | +187% | -1,7 M € | -152% | 3,3 M € | +315% | 799,2 k € | -39.3% | 1,3 M € | +125% | -5,3 M € | -370% | -1,1 M € | -81.1% | -623,5 k € | +47.4% | -1,2 M € | -1330% | 96,3 k € | +134% | -281,9 k € | -127% | 1 M € | -63.3% | 2,9 M € | +950% | -336,2 k € | +87.6% | -2,7 M € | -3987% | -66,3 k € | -105% | 1,3 M € | -42.1% | 2,2 M € | +19.0% | 1,9 M € |
| Balance sheet | |||||||||||||||||||||||||||||||||||||||
| Equity | 5,8 M € | +0.6% | 5,8 M € | +5.2% | 5,5 M € | -24.1% | 7,3 M € | +15.6% | 6,3 M € | +13.8% | 5,5 M € | +30.6% | 4,2 M € | -26.1% | 5,7 M € | +30.5% | 4,4 M € | -14.1% | 5,1 M € | -19.7% | 6,3 M € | +0.5% | 6,3 M € | -2.9% | 6,5 M € | +0.1% | 6,5 M € | +43.6% | 4,5 M € | -67.0% | 13,7 M € | -16.5% | 16,4 M € | +6.4% | 15,4 M € | +11.2% | 13,9 M € | +415% | 2,7 M € |
| Total assets | 31,3 M € | -30.1% | 44,7 M € | +17.8% | 37,9 M € | -16.2% | 45,3 M € | +31.1% | 34,5 M € | +3.5% | 33,4 M € | +18.2% | 28,2 M € | -2.3% | 28,9 M € | +26.3% | 22,9 M € | -11.5% | 25,9 M € | -14.7% | 30,3 M € | +32.2% | 22,9 M € | -19.0% | 28,3 M € | +29.6% | 21,9 M € | +35.0% | 16,2 M € | -64.3% | 45,4 M € | +0.7% | 45,1 M € | -9.8% | 50 M € | -19.1% | 61,8 M € | +187% | 21,6 M € |
| Cash | 544,9 k € | +70.5% | 319,7 k € | -2.5% | 327,7 k € | -25.6% | 440,4 k € | +308% | 108 k € | -68.2% | 339,8 k € | +1495% | 21,3 k € | -97.7% | 915,2 k € | +407% | 180,4 k € | -24.4% | 238,5 k € | +5026% | 4,7 k € | -98.5% | 310 k € | -36.5% | 488,5 k € | -39.3% | 804,8 k € | -9.2% | 886,1 k € | -11.7% | 1 M € | -58.3% | 2,4 M € | +191% | 827,2 k € | -85.8% | 5,8 M € | +2496% | 224,8 k € |
| Debts | 24 M € | -35.9% | 37,4 M € | +18.0% | 31,7 M € | -15.1% | 37,3 M € | +32.2% | 28,2 M € | +1.5% | 27,8 M € | +16.0% | 24 M € | +3.6% | 23,1 M € | +25.4% | 18,4 M € | -10.9% | 20,7 M € | -13.2% | 23,9 M € | +46.2% | 16,3 M € | -23.6% | 21,4 M € | +41.4% | 15,1 M € | +32.6% | 11,4 M € | -63.4% | 31,1 M € | +9.9% | 28,3 M € | -17.1% | 34,2 M € | -27.2% | 47 M € | +158% | 18,2 M € |
| Other | |||||||||||||||||||||||||||||||||||||||
| Workforce | 36,6 ETP | +3.4% | 35,4 ETP | -1.9% | 36,1 ETP | +4.9% | 34,4 ETP | -12.7% | 39,4 ETP | -9.6% | 43,6 ETP | +8.5% | 40,2 ETP | -13.5% | 46,5 ETP | -7.9% | 50,5 ETP | -22.3% | 65,0 ETP | -10.3% | 72,5 ETP | -10.6% | 81,1 ETP | +3.8% | 78,1 ETP | -7.2% | 84,2 ETP | -2.0% | 85,9 ETP | -5.5% | 90,9 ETP | -13.0% | 104,5 ETP | -5.5% | 110,6 ETP | +14.6% | 96,5 ETP | +10.2% | 87,6 ETP |
Estimate
Indicative valuation
As an indication, this company is worth
between 0 € and 100 k€
See the valuationGovernance
Board of directors
Seen on filing of 31/12/2025 · 5 active · 43 ended
At this address
Other companies at this address
| Company | CBE no. |
|---|---|
| 0540.824.785 | |
ICARUS GROUP● Active | 0508.780.539 |
| 1031.277.868 | |
TECHNORAMA INVEST● Active | 0480.255.908 |
THISE● Active | 0419.692.373 |
UNITE TVA ICARUS UNIT● Active | 0562.909.509 |
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 | 20/05/2026 | 16/07/2025 | 31/07/2024 | 25/07/2023 | 20/07/2022 | 25/03/2021 |
| General meeting | 19/05/2026 | 16/07/2025 | 31/07/2024 | 24/07/2023 | 15/07/2022 | 24/03/2021 |
| 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
26 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Full model | 31/12/2025 | 19/05/2026 | 20/05/2026 | French | |
| Full model | 31/12/2024 | 16/07/2025 | 16/07/2025 | French | |
| Full model | 31/12/2023 | 31/07/2024 | 31/07/2024 | French | |
| Full model | 31/12/2022 | 24/07/2023 | 25/07/2023 | French | |
| Full model | 31/12/2021 | 15/07/2022 | 20/07/2022 | French | |
| Full model | 31/12/2020 | 24/03/2021 | 25/03/2021 | French | |
| Full model | 31/12/2019 | 07/10/2020 | 08/10/2020 | French | |
| Full model | 31/12/2018 | 26/06/2019 | 02/07/2019 | French | |
| Full model | 31/12/2017 | 31/07/2018 | 01/08/2018 | French | |
| Full model | 31/12/2016 | 31/07/2017 | 01/08/2017 | French | |
| Full model | 31/12/2015 | 30/06/2016 | 05/07/2016 | French | |
| Full model | 31/12/2014 | 18/05/2015 | 29/05/2015 | French | |
| Full modelCorrection | 31/12/2013 | 19/05/2014 | 19/06/2014 | French | |
| Full model | 31/12/2013 | 19/05/2014 | 10/06/2014 | French | |
| Full model | 31/12/2012 | 21/05/2013 | 28/05/2013 | French | |
| Full modelCorrection | 31/12/2011 | 11/06/2012 | 02/07/2012 | French | |
| Full model | 31/12/2011 | 11/06/2012 | 21/06/2012 | French | |
| Full model | 31/12/2010 | 16/05/2011 | 14/06/2011 | French | |
| Consolidated accounts | 31/12/2010 | 30/06/2011 | 18/07/2011 | French | |
| Full model | 31/12/2009 | 17/05/2010 | 02/06/2010 | French | |
| Consolidated accounts | 31/12/2009 | 10/05/2010 | 02/07/2010 | French | |
| Full model | 31/12/2008 | 11/06/2009 | 10/07/2009 | French | |
| Consolidated accounts | 31/12/2008 | 11/06/2009 | 10/07/2009 | French | |
| Full model | 31/12/2007 | 19/05/2008 | 16/06/2008 | French |
Valuation
Estimate
Indicative valuation
Order of magnitude
As an indication, this company is worth
between 0 € and 100 k€
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 · 5 active · 43 ended
Shareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
- Mandates27/08/2026Extrait PV AGE 28/11/2025 - Renouvellement du mandat du Commissaire +
- Mandates23/09/2025DEMISSIONS, NOMINATIONS
- Mandates29/04/2025DEMISSIONS, NOMINATIONS
- Mandates03/06/2024DEMISSIONS, NOMINATIONS
- Mandates08/11/2022DEMISSIONS, NOMINATIONS
- Mandates18/02/2021DEMISSIONS, NOMINATIONS
- Mandates27/11/2020DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
- Mandates27/10/2020DEMISSIONS, NOMINATIONS
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 202536,2 k €↓
- 29/04/2025nominationHY9 SRL — administrateur indépendant
- 2024Annual accounts 20241,5 M €↑
- 31/07/2024nominationCarina Sutera Sardo — administrateur indépendant
- 2023Annual accounts 2023-1,7 M €↓
- 21/11/2023nominationEmmanuel Calay — représentant permanent pour Sparaxis
- 2022Annual accounts 20223,3 M €↑
- 19/09/2022nominationAlexis Van Lede — Administrateur
- 15/07/2022nominationChristophe COLSON — représentant permanent (commissaire des comptes consolidés)
- 2021Annual accounts 2021799,2 k €↓
- 2020Annual accounts 20201,3 M €↑
- 2019Annual accounts 2019-5,3 M €↓
- 2018Annual accounts 2018-1,1 M €↓
- 2017Annual accounts 2017-623,5 k €↑
- 2016Annual accounts 2016-1,2 M €↓
- 2015Annual accounts 201596,3 k €↑
- 2014Annual accounts 2014-281,9 k €↓
- 2013Annual accounts 20131 M €↓
- 2012Annual accounts 20122,9 M €↑
- 2011Annual accounts 2011-336,2 k €↑
- 2010Annual accounts 2010-2,7 M €↓
- 2009Annual accounts 2009-66,3 k €↓
- 2008Annual accounts 20081,3 M €↓
- 2007Annual accounts 20072,2 M €↑
- 2006Annual accounts 20061,9 M €
- 23/05/1985IncorporationPublic limited company