ACTIVE

ICOS VISION SYSTEMS

Export PDF
Financial year 2025 · closed on 30/06/2025
Net result
13,4 M €
+216.4% YoY
Revenue
36,6 M €
+59.8% YoY
Equity
36,3 M €
+58.9% YoY
Workforce
130,0 ETP
-1.2% YoY

What does ICOS VISION SYSTEMS do?

ICOS VISION SYSTEMS is a Public limited company incorporated in 1987. Its main activity is: Engineering activities and related technical consultancy. Its registered office is in Leuven. It employs on average 130,0 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0431.049.588
Incorporation
27/04/1987
Legal form
Public limited company
Registered office
Esperantolaan 8C
3001 Leuven · FlandreSee on map
Contributed capital
7 512 836,24 €
Latest accounts
30/06/2025
Average workforce
130,0 ETP
Activities (NACE)
71121Engineering activities and related technical consultancy· main71121Engineering activities and related technical consultancy74203Photographic activities71121Engineering activities and related technical consultancy71121Engineering activities and related technical consultancy
Joint committees (3)
  • 100
  • 200
  • 218
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue
View the BCE/KBO Public Search record →
Health score
Available with a Rovalta subscriptionTry for 7 days
Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 15 financial years

202520242023202220212020201920182017201620152014201320102008
Income statement
Revenue36,6 M €22,9 M €26,2 M €43,4 M €35,2 M €21,6 M €19,9 M €18,5 M €16,1 M €11,4 M €11,3 M €15,6 M €34,4 M €35,6 M €50,5 M €
EBITDA25,7 M €10 M €11,3 M €28,7 M €23,4 M €9,3 M €9,6 M €9,5 M €5,4 M €3,4 M €-3,5 M €-5,3 M €871,7 k €-6,5 M €-790,8 k €
Operating result18,5 M €3,3 M €5,5 M €23,3 M €18,2 M €3,7 M €4,1 M €4,4 M €849,3 k €-1,5 M €-6,6 M €-7,4 M €-4,1 M €-12,2 M €-6,5 M €
Net result13,4 M €4,2 M €3,8 M €26,6 M €17,3 M €3,3 M €4,5 M €4,2 M €757,5 k €-1,3 M €-7,4 M €-7,8 M €-3,5 M €-10,9 M €-5,8 M €
Balance sheet
Equity36,3 M €22,8 M €40,7 M €37,4 M €38,1 M €21,7 M €18,7 M €12,8 M €8,5 M €7,7 M €9,3 M €16,8 M €24,8 M €9 M €19,7 M €
Total assets47,5 M €31,3 M €50,3 M €46,5 M €45,7 M €27,3 M €23,5 M €21,3 M €22,6 M €20,9 M €17,4 M €23,3 M €36,2 M €22,9 M €30,3 M €
Cash309,1 k €6,2 M €27,3 M €16,9 M €17,9 M €6,7 M €3,1 M €1,4 M €732,8 k €3,4 M €937,8 k €5,8 M €16,9 M €3,3 M €2,2 M €
Debts10,5 M €7,9 M €8,6 M €8,8 M €6,5 M €5,1 M €4 M €8 M €13,5 M €12,9 M €7,8 M €5,6 M €10,4 M €13,1 M €9,8 M €
Other
Workforce130,0 ETP131,6 ETP133,4 ETP107,1 ETP97,6 ETP93,2 ETP90,8 ETP88,1 ETP83,8 ETP84,7 ETP93,9 ETP129,0 ETP156,6 ETP160,5 ETP153,5 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 100 M€ and 250 M€
See the valuation
Governance

Board of directors

Seen on filing of 30/06/2025 · 2 active · 18 ended

Active mandates

Bren Higgins

Managing director · since 25 septembre 2015

Active
Virendra KIRLOSKAR

Director · since 30 mai 2008

Active

Ended mandates

Bren Higgins

Managing director · since 25 septembre 2015 · until 20 décembre 2020

Ended
Bren Higgins

Managing director · since 25 septembre 2015 · until 31 décembre 2020

Ended
Bren Higgins

Managing director · since 25 septembre 2015 · until 31 décembre 2021

Ended
Brian Martin

Director · since 30 mai 2008 · until 28 juin 2014

Ended
At this address

Other companies at this address

CompanyCBE no.
ICOS VISION SYSTEMS CORPORATION● Active
0438.068.826
ORBOTECH● Active
0425.676.778
Annual accounts

Full financial information

202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/07/202401/07/202301/07/202201/07/202101/07/202001/07/2019
Closing of the financial year30/06/202530/06/202430/06/202330/06/202230/06/202130/06/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date09/12/202513/11/202415/01/202430/01/202327/01/202219/01/2021
General meeting11/11/202512/11/202410/01/202423/01/202331/12/202131/12/2020
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

Looking for more information about this company?

Try for 7 days
Filings

Annual accounts filings

19 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Full model30/06/202511/11/202509/12/2025DutchPDF
Full model30/06/202412/11/202413/11/2024DutchPDF
Full model30/06/202310/01/202415/01/2024DutchPDF
Full model30/06/202223/01/202330/01/2023DutchPDF
Full model30/06/202131/12/202127/01/2022DutchPDF
Full model30/06/202031/12/202019/01/2021DutchPDF
Full model30/06/201930/12/201930/01/2020DutchPDF
Full model30/06/201803/12/201826/12/2018DutchPDF
Full model30/06/201729/01/201829/01/2018DutchPDF
Full model30/06/201618/11/201619/12/2016DutchPDF
Full model30/06/201518/12/201513/01/2016DutchPDF
Full model30/06/201412/12/201423/12/2014DutchPDF
Full model30/06/201310/12/201317/12/2013DutchPDF
Full model30/06/201217/12/201231/12/2012DutchPDF
Full model30/06/201117/01/201207/02/2012DutchPDF
Full model31/01/201018/10/201022/10/2010DutchPDF
Full model31/12/200823/06/200931/07/2009DutchPDF
Full model31/12/200713/05/200817/06/2008DutchPDF
Full model31/12/200608/05/200715/06/2007DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 M€ and 250 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 30/06/2025 · 2 active · 18 ended

Active mandates

Bren Higgins

Managing director · since 25 septembre 2015

Active
Virendra KIRLOSKAR

Director · since 30 mai 2008

Active

Ended mandates

Bren Higgins

Managing director · since 25 septembre 2015 · until 20 décembre 2020

Ended
Bren Higgins

Managing director · since 25 septembre 2015 · until 31 décembre 2020

Ended
Bren Higgins

Managing director · since 25 septembre 2015 · until 31 décembre 2021

Ended
Brian Martin

Director · since 30 mai 2008 · until 28 juin 2014

Ended
Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days
Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates14/10/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates19/06/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other12/05/2023
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Mandates15/12/2021
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates19/10/2018
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates13/09/2017
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office09/03/2017
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates14/01/2016
    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

Timeline

  1. 2025
    Annual accounts 202513,4 M €↑
  2. 2024
    Annual accounts 20244,2 M €↑
  3. 2023
    Annual accounts 20233,8 M €↓
  4. 2022
    Annual accounts 202226,6 M €↑
  5. 2021
    Annual accounts 202117,3 M €↑
  6. 2020
    Annual accounts 20203,3 M €↓
  7. 2019
    Annual accounts 20194,5 M €↑
  8. 2018
    Annual accounts 20184,2 M €↑
  9. 2017
    Annual accounts 2017757,5 k €↑
  10. 2016
    Annual accounts 2016-1,3 M €↑
  11. 2015
    Annual accounts 2015-7,4 M €↑
  12. 2014
    Annual accounts 2014-7,8 M €↓
  13. 2013
    Annual accounts 2013-3,5 M €↑
  14. 2010
    Annual accounts 2010-10,9 M €↓
  15. 2008
    Annual accounts 2008-5,8 M €
  16. 27/04/1987
    IncorporationPublic limited company