ACTIVE

Inetum Belgium

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Financial year 2025 · Closed on 31/12/2025

Net result6,7 M €-19,4 %over 1 year
Revenue239,7 M €-12,9 %over 1 year
Equity58,9 M €-2,7 %over 1 year
Workforce1 074,5 ETP-14,0 %over 1 year

Identity

Source · BCE/KBO

Inetum Belgium is a Public limited company incorporated in 1986. Its registered office is in Mechelen. It employs on average 1 074,5 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0429.037.235
Incorporation
06/06/1986
Legal form
Public limited company
Registered office
Antwerpsesteenweg 261 box 2
2800 Mechelen · FlandreSee on map
Contributed capital
48 943 000,59 €
Latest accounts
31/12/2025
Average workforce
1 074,5 ETP
Joint committees (4)
  • 100
  • 14904
  • 200
  • 218
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 35 filings

Trend over 18 financial years

20252024202320222020
Income statement
Revenue239,7 M €275,2 M €294,7 M €289,7 M €267,7 M €
EBITDA678,7 k €16,2 M €8,8 M €16,5 M €23,4 M €
Operating result-789,1 k €13,9 M €5,9 M €12,5 M €20,6 M €
Net result6,7 M €8,4 M €3 M €10,4 M €17,6 M €
Balance sheet
Equity58,9 M €60,6 M €57,6 M €62,6 M €69,2 M €
Total assets133 M €146,2 M €140,4 M €147,8 M €139,5 M €
Cash7,2 M €4,7 M €8,1 M €1,4 M €5,1 M €
Debts71,2 M €78,5 M €74,5 M €76,1 M €63,6 M €
Other
Workforce1 074,5 ETP1 249,4 ETP1 461,3 ETP1 543,4 ETP1 408,1 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 50 M€ and 100 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

4 active · 71 ended

Active mandates

Inetum Belgium

Director · since 18 juin 2025 · until 10 juin 2026 · 0429.037.235

Active
Inetum SAS

Director · since 25 mars 2025 · until 10 juin 2026

Represented by François Fleutiaux

Active
Nathalie Pousin

Director · since 25 septembre 2023 · until 10 juin 2026

Active
Jean-Marc Humbert

Director · since 08 juin 2022 · until 10 juin 2026

Active

Ended mandates

Johnny Smets

Director · since 26 mars 2024 · until 10 juin 2026

Ended
Nathalie Pousin

Director · since 25 septembre 2023 · until 10 juin 2026

Ended
Johnny Smets

Director · since 26 mars 2023 · until 10 juin 2026

Ended
Inetum SAS

Director · since 08 mars 2023 · until 10 juin 2026

Represented by Jacques Pommeraud

Ended

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Antwerpsesteenweg 261 2800 Mechelen
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Full financial information

Source · NBB
202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date20/08/202631/07/202515/07/202408/08/202305/08/202206/07/2021
General meeting10/06/202611/06/202512/06/202414/06/202308/06/202209/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 35 filings
ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202510/06/202620/08/2026DutchPDF
Full model31/12/202411/06/202531/07/2025DutchPDF
Full model31/12/202312/06/202415/07/2024DutchPDF
Full model31/12/202214/06/202308/08/2023DutchPDF
Full model31/12/202108/06/202205/08/2022DutchPDF
Full model31/12/202009/06/202106/07/2021DutchPDF
Full model31/12/201910/06/202009/07/2020DutchPDF
Full model31/12/201812/06/201918/06/2019DutchPDF
Full model31/03/201812/09/201820/09/2018DutchPDF
Consolidated accounts31/03/201812/09/201820/09/2018DutchPDF
Full model31/03/201713/09/201719/09/2017DutchPDF
Consolidated accounts31/03/201713/09/201719/09/2017DutchPDF
Full model31/03/201614/09/201621/09/2016DutchPDF
Consolidated accounts31/03/201614/09/201623/09/2016DutchPDF
Full model31/03/201509/09/201517/09/2015DutchPDF
Consolidated accounts31/03/201509/09/201518/09/2015DutchPDF
Full model31/03/201410/09/201418/09/2014DutchPDF
Consolidated accounts31/03/201410/09/201424/09/2014DutchPDF
Full model31/03/201311/09/201324/09/2013DutchPDF
Consolidated accounts31/03/201311/09/201325/09/2013DutchPDF
Full model31/03/201212/09/201228/09/2012DutchPDF
Consolidated accounts31/03/201212/09/201216/10/2012DutchPDF
Full model31/03/201114/09/201126/09/2011DutchPDF
Consolidated accounts31/03/201114/09/201112/10/2011DutchPDF

View all 35 filings

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 50 M€ and 100 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.

Board of directors

Source · NBB, accounts to 31/12/2025

4 active · 71 ended

Active mandates

Inetum Belgium

Director · since 18 juin 2025 · until 10 juin 2026 · 0429.037.235

Active
Inetum SAS

Director · since 25 mars 2025 · until 10 juin 2026

Represented by François Fleutiaux

Active
Nathalie Pousin

Director · since 25 septembre 2023 · until 10 juin 2026

Active
Jean-Marc Humbert

Director · since 08 juin 2022 · until 10 juin 2026

Active

Ended mandates

Johnny Smets

Director · since 26 mars 2024 · until 10 juin 2026

Ended
Nathalie Pousin

Director · since 25 septembre 2023 · until 10 juin 2026

Ended
Johnny Smets

Director · since 26 mars 2023 · until 10 juin 2026

Ended
Inetum SAS

Director · since 08 mars 2023 · until 10 juin 2026

Represented by Jacques Pommeraud

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates17/08/2026
    Herbenoeming leden raad van bestuur; aanduiding voorzitter raad van
    PDF
  • Mandates30/03/2026
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office14/11/2025
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates07/07/2025
    MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates20/05/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates14/03/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office17/12/2024
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Other16/10/2024
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - BENAMING
    PDF

Similar companies

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

See the Business plan

Timeline

  1. 2025
    Annual accounts 20256,7 M €↓
  2. 23/06/2025
    nominationThomas Breuer — gedelegeerd bestuurder
  3. 18/06/2025
    nominationThomas Breuer — bestuurder
  4. 11/06/2025
    nominationFilip Simpelaere — commissaris
  5. 26/03/2025
    nominationFrancois Fleutiaux — permanente vertegenwoordiger van Inetum SAS in het kader van haar functie als bestuurder en voorzitter van de raad van bestuur
  6. 18/02/2025
    nominationJohnny Smets — gedelegeerd bestuurder
  7. 2024
    Annual accounts 20248,4 M €↑
  8. 2024
    Name changeInetum Belgium
  9. 2023
    Annual accounts 20233 M €↓
  10. 23/09/2023
    nominationNathalie Pousin — onbezoldigd bestuurder
  11. 26/03/2023
    nominationJohnny Smets — bestuurder
  12. 08/03/2023
    nominationJacques Pommeraud — permanente vertegenwoordiger van Inetum SAS in het kader van haar functie als bestuurder en voorzitter van de raad van bestuur
  13. 2022
    Annual accounts 202210,4 M €↓
  14. 08/06/2022
    reconductionInetum SA — niet-uitvoerend bestuurder
  15. 07/06/2022
    reconductionEef Naessens — commissaris
  16. 2020
    Annual accounts 202017,6 M €↑
  17. 2020
    Name changeInetum Realdolmen Belgium
  18. 2019
    Annual accounts 20198,3 M €↓
  19. 2018
    Annual accounts 201823,2 M €↑
  20. 2018
    Annual accounts 2018-3 M €↓
  21. 2017
    Annual accounts 20174,2 M €↑
  22. 2016
    Annual accounts 20163,1 M €↑
  23. 2015
    Annual accounts 2015-2,2 M €↑
  24. 2014
    Annual accounts 2014-4,7 M €↑
  25. 2013
    Annual accounts 2013-21 M €↓
  26. 2012
    Annual accounts 20123,4 M €↑
  27. 2011
    Annual accounts 20112,8 M €↑
  28. 2011
    Name changeRealDolmen
  29. 2008
    Annual accounts 20082,1 M €↓
  30. 2007
    Annual accounts 20072,3 M €↓
  31. 2006
    Annual accounts 20063 M €
  32. 2006
    Name changeReal Software
  33. 06/06/1986
    IncorporationPublic limited company