ACTIVE

ICOS VISION SYSTEMS

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Financial year 2025 · Closed on 30/06/2025

Net result13,4 M €+216,4 %over 1 year

Revenue36,6 M €+59,8 %over 1 year

Equity36,3 M €+58,9 %over 1 year

Workforce130,0 ETP-1,2 %over 1 year

Identity

Source · BCE/KBO

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· main 71121Engineering activities and related technical consultancy 74203Photographic activities 71121Engineering activities and related technical consultancy 71121Engineering activities and related technical consultancy

Joint committees (3)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 19 filings

Trend over 15 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	36,6 M €	+59.8%	22,9 M €	-12.6%	26,2 M €	-39.7%	43,4 M €	+23.6%	35,2 M €
EBITDA	25,7 M €	+158%	10 M €	-11.7%	11,3 M €	-60.7%	28,7 M €	+22.7%	23,4 M €
Operating result	18,5 M €	+454%	3,3 M €	-39.3%	5,5 M €	-76.3%	23,3 M €	+27.8%	18,2 M €
Net result	13,4 M €	+216%	4,2 M €	+12.8%	3,8 M €	-85.8%	26,6 M €	+54.0%	17,3 M €
Balance sheet
Equity	36,3 M €	+58.9%	22,8 M €	-43.9%	40,7 M €	+8.7%	37,4 M €	-1.8%	38,1 M €
Total assets	47,5 M €	+51.7%	31,3 M €	-37.8%	50,3 M €	+8.4%	46,5 M €	+1.7%	45,7 M €
Cash	309,1 k €	-95.0%	6,2 M €	-77.3%	27,3 M €	+61.8%	16,9 M €	-5.4%	17,9 M €
Debts	10,5 M €	+32.7%	7,9 M €	-7.6%	8,6 M €	-2.8%	8,8 M €	+36.7%	6,5 M €
Other
Workforce	130,0 ETP	-1.2%	131,6 ETP	-1.3%	133,4 ETP	+24.6%	107,1 ETP	+9.7%	97,6 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 100 M€ and 250 M€

See the valuation

Board of directors

Source · NBB, accounts to 30/06/2025

2 active · 8 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Bren Higgins	Managing directorsince 25/09/2015
Virendra Kirloskar	Directorsince 30/05/2008

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Brian Martin	Director30/05/2008 → 2008 accountsManaging director30/05/2008 → 2015 accounts

Other companies at this address

Esperantolaan 8C 3001 Leuven

Company	CBE no.
ICOS VISION SYSTEMS CORPORATION● Active	0438.068.826
ORBOTECH● Active	0425.676.778

Full financial information

Source · NBB

	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	01/07/2024	01/07/2023	01/07/2022	01/07/2021	01/07/2020	01/07/2019
Closing of the financial year	30/06/2025	30/06/2024	30/06/2023	30/06/2022	30/06/2021	30/06/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	09/12/2025	13/11/2024	15/01/2024	30/01/2023	27/01/2022	19/01/2021
General meeting	11/11/2025	12/11/2024	10/01/2024	23/01/2023	31/12/2021	31/12/2020
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 19 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	30/06/2025	11/11/2025	09/12/2025	Dutch	PDF
Full model	30/06/2024	12/11/2024	13/11/2024	Dutch	PDF
Full model	30/06/2023	10/01/2024	15/01/2024	Dutch	PDF
Full model	30/06/2022	23/01/2023	30/01/2023	Dutch	PDF
Full model	30/06/2021	31/12/2021	27/01/2022	Dutch	PDF
Full model	30/06/2020	31/12/2020	19/01/2021	Dutch	PDF
Full model	30/06/2019	30/12/2019	30/01/2020	Dutch	PDF
Full model	30/06/2018	03/12/2018	26/12/2018	Dutch	PDF
Full model	30/06/2017	29/01/2018	29/01/2018	Dutch	PDF
Full model	30/06/2016	18/11/2016	19/12/2016	Dutch	PDF
Full model	30/06/2015	18/12/2015	13/01/2016	Dutch	PDF
Full model	30/06/2014	12/12/2014	23/12/2014	Dutch	PDF
Full model	30/06/2013	10/12/2013	17/12/2013	Dutch	PDF
Full model	30/06/2012	17/12/2012	31/12/2012	Dutch	PDF
Full model	30/06/2011	17/01/2012	07/02/2012	Dutch	PDF
Full model	31/01/2010	18/10/2010	22/10/2010	Dutch	PDF
Full model	31/12/2008	23/06/2009	31/07/2009	Dutch	PDF
Full model	31/12/2007	13/05/2008	17/06/2008	Dutch	PDF
Full model	31/12/2006	08/05/2007	15/06/2007	Dutch	PDF

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.

Board of directors

Source · NBB, accounts to 30/06/2025

2 active · 8 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Bren Higgins	Managing directorsince 25/09/2015
Virendra Kirloskar	Directorsince 30/05/2008

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Brian Martin	Director30/05/2008 → 2008 accountsManaging director30/05/2008 → 2015 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

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

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

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings15 filings

Mandates

Bren Higgins

Virendra KIRLOSKAR

Brian Martin

Geert Noels

BEVER

Exeter International

ADP Vision

August Smeyers

Fred Chaffart

Andre Oosterlinck

1987198819891990199119921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026

ICOS VISION SYSTEMS

Esperantolaan 8 bte C, 3001 Heverlee

Managing director

Director

Managing director

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Esperantolaan 8C, 3001 HeverleeCurrent		CBE
Esperantolaan 8 bte C, 3001 Heverlee	accounts 2022 → 2025	Accounts 2025 · 2025-00580284

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
ICOS VISION SYSTEMSCurrent	accounts 2022 → 2025	Accounts 2025 · 2025-00580284

Events

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

ICOS VISION SYSTEMS

Overview

Identity

Financials

Valuation

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

Timeline

Registered offices

Company names

Events