ICAROS
0435.485.557 · rovalta.com · 23/09/2026
ACTIVE
ICAROS
Financial year 2025 · closed on 30/12/2025
Net result
2,1 M €
-30.1% YoY
Gross margin
137,4 k €
+697.1% YoY
Equity
432,7 k €
-54.6% YoY
Overview
What does ICAROS do?
ICAROS is a Public limited company incorporated in 1988. Its registered office is in Temse.
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0435.485.557
Incorporation
03/10/1988
Legal form
Public limited company
Registered office
Kapelanielaan 9 box F
9140 Temse · FlandreSee on map
9140 Temse · FlandreSee on map
Contributed capital
252 878,02 €
Latest accounts
30/12/2025
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA
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Financials
Trend over 19 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | |||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||||||||||||||||||||||||
| Gross margin | 137,4 k € | +697% | 17,2 k € | -95.5% | 381,8 k € | +172% | 140,5 k € | -5.5% | 148,7 k € | +296% | -76 k € | -207% | 70,8 k € | +21.1% | 58,5 k € | -65.2% | 168,1 k € | -28.8% | 236,1 k € | +38.0% | 171,1 k € | +46.2% | 117 k € | +1506% | 7,3 k € | -86.8% | 55,3 k € | -43.0% | 97,1 k € | +273% | 26,1 k € | -45.7% | 48 k € | -47.7% | 91,8 k € | +45.1% | 63,3 k € |
| EBITDA | 123,7 k € | +1334% | 8,6 k € | -97.7% | 369,1 k € | +185% | 129,7 k € | -0.6% | 130,5 k € | +294% | 33,1 k € | -46.1% | 61,4 k € | -7.6% | 66,4 k € | -31.1% | 96,4 k € | -23.9% | 126,6 k € | +80.5% | 70,2 k € | +48.1% | 47,4 k € | -21.5% | 60,4 k € | +65.7% | 36,4 k € | -54.4% | 79,8 k € | +15.0% | 69,4 k € | +97.6% | 35,1 k € | -52.8% | 74,5 k € | +50.1% | 49,6 k € |
| Operating result | 124,8 k € | +1353% | -10 k € | -103% | 335 k € | +201% | 111,1 k € | -0.6% | 111,7 k € | +634% | 15,2 k € | -59.8% | 37,9 k € | +206% | 12,4 k € | -62.2% | 32,7 k € | -5.1% | 34,5 k € | -46.7% | 64,7 k € | +52.0% | 42,5 k € | -16.4% | 50,9 k € | +95.1% | 26,1 k € | -63.6% | 71,7 k € | +16.8% | 61,3 k € | +178% | 22,1 k € | -11.8% | 25 k € | -14.7% | 29,3 k € |
| Net result | 2,1 M € | -30.1% | 3 M € | +500% | 496,3 k € | +32.7% | 373,9 k € | +51.1% | 247,5 k € | +0.5% | 246,3 k € | +1082% | 20,8 k € | +1048% | -2,2 k € | -112% | 18,8 k € | +206% | 6,2 k € | -84.0% | 38,7 k € | -54.1% | 84,2 k € | +133% | 36,1 k € | +2116% | 1,6 k € | -96.8% | 50,4 k € | +37.1% | 36,8 k € | -19.5% | 45,7 k € | +298% | 11,5 k € | -45.2% | 21 k € |
| Balance sheet | |||||||||||||||||||||||||||||||||||||
| Equity | 432,7 k € | -54.6% | 952,2 k € | -2.3% | 974,2 k € | -7.4% | 1,1 M € | +2.3% | 1 M € | +31.7% | 780,9 k € | +147% | 316 k € | +7.1% | 295,2 k € | -0.7% | 297,4 k € | +6.8% | 278,5 k € | +2.3% | 272,4 k € | +49.1% | 182,7 k € | -23.4% | 238,5 k € | +11.2% | 214,5 k € | +0.8% | 212,8 k € | +13.6% | 187,4 k € | +6.7% | 175,6 k € | +24.6% | 140,9 k € | +0.3% | 140,4 k € |
| Total assets | 921,8 k € | -34.2% | 1,4 M € | -1.0% | 1,4 M € | -13.6% | 1,6 M € | -12.1% | 1,9 M € | +4.1% | 1,8 M € | +17.0% | 1,5 M € | +4.1% | 1,5 M € | -5.0% | 1,5 M € | -8.9% | 1,7 M € | +39.4% | 1,2 M € | +9.0% | 1,1 M € | +8.5% | 1 M € | +24.8% | 824,6 k € | +2.9% | 801 k € | +0.2% | 799,3 k € | -2.4% | 819 k € | -3.6% | 849,7 k € | +27.0% | 669,2 k € |
| Cash | 291,1 k € | -60.4% | 734,7 k € | -3.8% | 763,4 k € | -7.7% | 826,7 k € | +29.0% | 641 k € | +53.3% | 418 k € | +70.5% | 245,1 k € | +15.9% | 211,5 k € | -22.2% | 271,7 k € | -9.3% | 299,6 k € | -20.9% | 378,9 k € | +89.9% | 199,6 k € | +90.1% | 105 k € | -48.7% | 204,6 k € | +1.0% | 202,6 k € | +2.2% | 198,3 k € | -17.6% | 240,7 k € | +19.2% | 201,9 k € | +27.5% | 158,4 k € |
| Debts | 470,6 k € | +5.8% | 444,8 k € | +2.5% | 434 k € | -23.6% | 568,4 k € | -29.6% | 807,7 k € | -17.4% | 978,2 k € | -7.4% | 1,1 M € | +4.1% | 1 M € | -6.1% | 1,1 M € | -13.4% | 1,2 M € | +64.5% | 758 k € | +1.6% | 745,7 k € | +16.8% | 638,3 k € | +57.6% | 404,9 k € | +9.4% | 370,1 k € | -5.8% | 392,9 k € | +9.1% | 360,3 k € | -13.6% | 417,2 k € | +78.5% | 233,7 k € |
| Other | |||||||||||||||||||||||||||||||||||||
| Workforce | – | – | – | – | – | – | – | – | 0,7 ETP | -30.0% | 1,0 ETP | 0.0% | 1,0 ETP | +42.9% | 0,7 ETP | – | – | – | – | – | – | – | |||||||||||||||
Estimate
Indicative valuation
As an indication, this company is worth
between 1 M€ and 2,5 M€
See the valuationGovernance
Board of directors
Seen on filing of 30/12/2025 · 4 active · 35 ended
Active mandates
Ended mandates
Chris De Nil
EndedLinda Van Nerom
EndedLinda Van Nerom
EndedLinda Van Nerom
EndedAt this address
Other companies at this address
| Company | CBE no. |
|---|---|
C&D● Active | 0449.828.986 |
| 0401.455.779 | |
Familie Peter De Nil● Active | 0786.723.349 |
Immobilière de l'Abbaye● Active | 0427.273.419 |
IMWO-INVEST● Active | 0405.034.881 |
I&S Construct & Co● Active | 0543.333.523 |
JCS- INVEST● Active | 0465.233.972 |
JUTEHANDEL● Active | 0419.330.406 |
LESCO● Active | 0435.535.938 |
Studiebureel L & P● Active | 0405.019.738 |
TALENT PLANET GROUP● Active | 0470.809.492 |
V.H.V.● Active | 0453.249.128 |
Financials
Annual accounts
Full financial information
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Type of account | Micro model | Micro model | Micro model | Micro model | Micro model | Micro model |
| Start of the financial year | 31/12/2024 | 31/12/2023 | 31/12/2022 | 31/12/2021 | 31/12/2020 | 31/12/2019 |
| Closing of the financial year | 30/12/2025 | 30/12/2024 | 30/12/2023 | 30/12/2022 | 30/12/2021 | 30/12/2020 |
| Length of the financial year | 13 months | 13 months | 13 months | 13 months | 13 months | 13 months |
| Filing date | 31/07/2026 | 22/08/2025 | 30/08/2024 | 31/07/2023 | 29/07/2022 | 07/12/2021 |
| General meeting | 30/06/2026 | 31/07/2025 | 31/07/2024 | 30/06/2023 | 30/06/2022 | 20/07/2021 |
| 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
21 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Micro model | 30/12/2025 | 30/06/2026 | 31/07/2026 | Dutch | |
| Micro model | 30/12/2024 | 31/07/2025 | 22/08/2025 | Dutch | |
| Micro model | 30/12/2023 | 31/07/2024 | 30/08/2024 | Dutch | |
| Micro model | 30/12/2022 | 30/06/2023 | 31/07/2023 | Dutch | |
| Micro model | 30/12/2021 | 30/06/2022 | 29/07/2022 | Dutch | |
| Micro modelCorrection | 30/12/2020 | 20/07/2021 | 07/12/2021 | Dutch | |
| Micro model | 30/12/2020 | 20/07/2021 | 16/08/2021 | Dutch | |
| Micro model | 30/12/2019 | 05/07/2020 | 31/07/2020 | Dutch | |
| Micro model | 30/12/2018 | 29/06/2019 | 29/07/2019 | Dutch | |
| Micro model | 30/12/2017 | 30/06/2018 | 31/07/2018 | Dutch | |
| Abridged model | 30/12/2016 | 30/06/2017 | 30/07/2017 | Dutch | |
| Abridged model | 30/12/2015 | 30/06/2016 | 30/07/2016 | Dutch | |
| Abridged model | 30/12/2014 | 27/06/2015 | 24/07/2015 | Dutch | |
| Abridged model | 30/12/2013 | 30/06/2014 | 25/07/2014 | Dutch | |
| Abridged model | 30/12/2012 | 30/06/2013 | 29/07/2013 | Dutch | |
| Abridged model | 30/12/2011 | 30/06/2012 | 29/07/2012 | Dutch | |
| Abridged model | 30/12/2010 | 30/06/2011 | 29/07/2011 | Dutch | |
| Abridged model | 30/12/2009 | 26/06/2010 | 25/07/2010 | Dutch | |
| Abridged model | 30/12/2008 | 30/06/2009 | 28/07/2009 | Dutch | |
| Abridged model | 30/12/2007 | 28/06/2008 | 16/07/2008 | Dutch | |
| Abridged model | 30/12/2006 | 30/06/2007 | 24/07/2007 | Dutch |
Valuation
Estimate
Indicative valuation
Order of magnitude
As an indication, this company is worth
between 1 M€ and 2,5 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.
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 30/12/2025 · 4 active · 35 ended
Active mandates
Ended mandates
Chris De Nil
EndedLinda Van Nerom
EndedLinda Van Nerom
EndedLinda Van Nerom
EndedShareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
- Mandates27/06/2024MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
- Capital / shares17/06/2021KAPITAAL - AANDELEN
- Capital / shares22/06/2020KAPITAAL - AANDELEN
- Mandates15/10/2019ONTSLAGEN - BENOEMINGEN
- Restructuring26/08/2019RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
- Restructuring25/06/2019RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
- Capital / shares31/03/2014KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
- Mandates14/11/2013ONTSLAGEN - BENOEMINGEN
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 20252,1 M €↓
- 2024Annual accounts 20243 M €↑
- 2023Annual accounts 2023496,3 k €↑
- 2022Annual accounts 2022373,9 k €↑
- 2021Annual accounts 2021247,5 k €↑
- 2020Annual accounts 2020246,3 k €↑
- 2018Annual accounts 201820,8 k €↑
- 2017Annual accounts 2017-2,2 k €↓
- 2016Annual accounts 201618,8 k €↑
- 2015Annual accounts 20156,2 k €↓
- 2014Annual accounts 201438,7 k €↓
- 2013Annual accounts 201384,2 k €↑
- 2012Annual accounts 201236,1 k €↑
- 2011Annual accounts 20111,6 k €↓
- 2010Annual accounts 201050,4 k €↑
- 2009Annual accounts 200936,8 k €↓
- 2008Annual accounts 200845,7 k €↑
- 2007Annual accounts 200711,5 k €↓
- 2006Annual accounts 200621 k €
- 03/10/1988IncorporationPublic limited company