ACTIVE

ICO

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Financial year 2025 · closed on 30/09/2025

Net result

915,9 €

-99.1% YoY

Revenue

3,4 M €

+5.0% YoY

Equity

11,9 M €

-0.1% YoY

Workforce

10,3 ETP

+3.0% YoY

What does ICO do?

ICO is a Public limited company incorporated in 1989. Its main activity is: Management consultancy activities. Its registered office is in Niel. It employs on average 10,3 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0436.825.741

Incorporation

16/02/1989

Legal form

Public limited company

Registered office

De Laetstraat 6
2845 Niel · FlandreSee on map

Contributed capital

373 745,45 €

Latest accounts

30/09/2025

Average workforce

10,3 ETP

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 74142Specialised design activities 68203Rental and operating of own or leased real estate 68203Rental and operating of own or leased real estate

Joint committees (4)

100
200
2000
218

Signals

ProfitableSolid equityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008
Income statement
Revenue	3,4 M €	+5.0%	3,2 M €	+3.0%	3,1 M €	+3.4%	3 M €	+9.7%	2,7 M €	+22.4%	2,2 M €	+1.4%	2,2 M €	+2.1%	2,2 M €	+8.3%	2 M €	+2.1%	2 M €	+5.0%	1,9 M €	+3.8%	1,8 M €	+0.4%	1,8 M €	+49.8%	1,2 M €	+3.5%	1,1 M €	+31.5%	873,8 k €	-1.2%	884,4 k €	+5.4%	838,8 k €
EBITDA	426,8 k €	-18.5%	523,9 k €	-0.7%	527,8 k €	-1.6%	536,6 k €	-1.1%	542,8 k €	+8.6%	499,7 k €	-23.1%	649,6 k €	+40.1%	463,8 k €	+10.5%	419,8 k €	-15.2%	495,2 k €	+10.1%	449,9 k €	-14.4%	525,3 k €	-4.2%	548,3 k €	+20.7%	454,3 k €	-12.1%	516,8 k €	+39.7%	369,9 k €	-9.7%	409,9 k €	+13.2%	362 k €
Operating result	37,3 k €	-75.7%	153,2 k €	-44.0%	273,8 k €	-4.5%	286,6 k €	-2.1%	292,8 k €	+27.7%	229,3 k €	-39.6%	379,5 k €	+71.9%	220,8 k €	+30.6%	169,1 k €	-32.7%	251,4 k €	-6.3%	268,4 k €	-32.4%	397,3 k €	-0.4%	398,9 k €	+28.7%	309,9 k €	+41.7%	218,7 k €	+0.4%	217,8 k €	-17.7%	264,6 k €	+22.7%	215,6 k €
Net result	915,9 €	-99.1%	96,9 k €	-47.3%	183,8 k €	-10.3%	204,9 k €	-2.2%	209,5 k €	-81.4%	1,1 M €	-10.3%	1,3 M €	+12.9%	1,1 M €	+3.7%	1,1 M €	+601%	153,3 k €	+109%	73,2 k €	-97.7%	3,2 M €	-51.5%	6,7 M €	+572%	992,3 k €	+513%	161,9 k €	-13.9%	188 k €	-19.6%	233,8 k €	-2.0%	238,5 k €
Balance sheet
Equity	11,9 M €	-0.1%	11,9 M €	+0.7%	11,8 M €	+1.5%	11,6 M €	+1.8%	11,4 M €	+2.2%	11,2 M €	+11.2%	10 M €	+14.8%	8,7 M €	+14.4%	7,6 M €	+16.3%	6,6 M €	-0.7%	6,6 M €	+1.1%	6,6 M €	+97.4%	3,3 M €	-66.0%	9,8 M €	+11.3%	8,8 M €	-13.3%	10,1 M €	+1.9%	9,9 M €	+2.4%	9,7 M €
Total assets	16,8 M €	+15.0%	14,6 M €	+5.7%	13,8 M €	+0.4%	13,7 M €	-1.6%	14 M €	+0.9%	13,8 M €	+0.6%	13,8 M €	+0.3%	13,7 M €	-1.6%	13,9 M €	-2.7%	14,3 M €	+0.5%	14,2 M €	+30.3%	10,9 M €	-37.1%	17,4 M €	+52.4%	11,4 M €	-3.3%	11,8 M €	-8.1%	12,8 M €	+12.7%	11,4 M €	+1.9%	11,2 M €
Cash	94,2 k €	-54.3%	206,2 k €	+314%	49,8 k €	-61.0%	127,7 k €	+216%	40,4 k €	+25.0%	32,3 k €	-21.4%	41,1 k €	-2.2%	42,1 k €	-1.3%	42,6 k €	+24.8%	34,2 k €	-25.2%	45,7 k €	+14.6%	39,9 k €	+91.1%	20,9 k €	-6.9%	22,4 k €	+33.0%	16,9 k €	-37.8%	27,1 k €	+169%	10,1 k €	-15.4%	11,9 k €
Debts	4,9 M €	+83.4%	2,7 M €	+38.6%	1,9 M €	-4.3%	2 M €	-16.5%	2,4 M €	-2.2%	2,4 M €	-29.0%	3,4 M €	-25.3%	4,6 M €	-21.7%	5,9 M €	-19.3%	7,3 M €	+2.3%	7,1 M €	+84.7%	3,9 M €	-71.2%	13,4 M €	+1252%	992 k €	-64.0%	2,8 M €	+13.0%	2,4 M €	+110%	1,2 M €	+0.1%	1,2 M €
Other
Workforce	10,3 ETP	+3.0%	10,0 ETP	-9.1%	11,0 ETP	-5.2%	11,6 ETP	+34.9%	8,6 ETP	+21.1%	7,1 ETP	-9.0%	7,8 ETP	-3.7%	8,1 ETP	+3.8%	7,8 ETP	+14.7%	6,8 ETP	+7.9%	6,3 ETP	-6.0%	6,7 ETP	-22.1%	8,6 ETP	-6.5%	9,2 ETP	0.0%	9,2 ETP	+12.2%	8,2 ETP	+1.2%	8,1 ETP	+12.5%	7,2 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 30/09/2025 · 5 active · 18 ended

Active mandates

Ataba

Managing director · since 18 décembre 2025 · until 31 mars 2028 · 1031.790.483

Represented by Thomas Coeck

Active

Linoca

Director · since 18 décembre 2025 · until 31 mars 2028 · 1031.789.295

Represented by Catherine Coeck

Active

Catherine Mariette Coeck

Director · since 14 mars 2023 · until 18 décembre 2025

Active

Ludo Frans Coeck

Director · since 14 mars 2023 · until 31 mars 2028

Active

Thomas Dirk Coeck

Managing director · since 14 mars 2023 · until 18 décembre 2025

Active

Ended mandates

Catherine Mariette Coeck

Director · since 14 mars 2023 · until 31 mars 2028

Ended

Thomas Dirk Coeck

Managing director · since 14 mars 2023 · until 31 mars 2028

Ended

Thomas Coeck

Managing director · since 01 avril 2022 · until 21 mars 2025

Ended

Thomas COECK

Managing director · since 01 avril 2022 · until 28 mars 2025

Ended

At this address

Other companies at this address

Company	CBE no.
Coeck● Active	0403.665.795
COECK EENHEID● Active	0521.705.095
COVARI● Active	0455.503.783
LACATHO● Active	0541.395.602

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	m120-f-p
Start of the financial year	01/10/2024	01/10/2023	01/10/2022	01/10/2021	01/10/2020	01/10/2019
Closing of the financial year	30/09/2025	30/09/2024	30/09/2023	30/09/2022	30/09/2021	30/09/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	14/04/2026	28/04/2025	08/04/2024	24/04/2023	25/04/2022	23/04/2021
General meeting	27/03/2026	28/03/2025	29/03/2024	31/03/2023	28/03/2022	01/01/9999
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

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Filings

Annual accounts filings

41 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	30/09/2025	27/03/2026	14/04/2026	Dutch	PDF
m120-f-p	30/09/2025	27/03/2026	27/04/2026	Dutch	PDF
Full model	30/09/2024	28/03/2025	28/04/2025	Dutch	PDF
m120-f-p	30/09/2024	28/03/2025	25/04/2025	Dutch	PDF
Full model	30/09/2023	29/03/2024	08/04/2024	Dutch	PDF
m120-f-p	30/09/2023	29/03/2024	26/04/2024	Dutch	PDF
Full model	30/09/2022	31/03/2023	24/04/2023	Dutch	PDF
m120-f-p	30/09/2022	31/03/2023	27/04/2023	Dutch	PDF
Full model	30/09/2021	28/03/2022	25/04/2022	Dutch	PDF
m120-f-p	30/09/2021	28/03/2022	20/04/2022	Dutch	PDF
Full model	30/09/2020	26/03/2021	20/04/2021	Dutch	PDF
m120-f-p	30/09/2020	01/01/9999	23/04/2021	Dutch	PDF
Full model	30/09/2019	25/03/2020	08/04/2020	Dutch	PDF
m120-f-p	30/09/2019	25/03/2020	27/04/2020	Dutch	PDF
Full model	30/09/2018	22/03/2019	30/04/2019	Dutch	PDF
m120-f-p	30/09/2018	22/03/2019	30/04/2019	Dutch	PDF
Full model	30/09/2017	23/03/2018	09/04/2018	Dutch	PDF
m120-f-p	30/09/2017	23/03/2018	25/04/2018	Dutch	PDF
Full model	30/09/2016	24/03/2017	05/04/2017	Dutch	PDF
m120-f-p	30/09/2016	24/03/2017	10/05/2017	Dutch	PDF
Full model	30/09/2015	25/03/2016	13/04/2016	Dutch	PDF
m120-f-p	30/09/2015	25/03/2016	27/04/2016	Dutch	PDF
Full model	30/09/2014	20/03/2015	26/03/2015	Dutch	PDF
m120-f-p	30/09/2014	20/03/2015	20/04/2015	Dutch	PDF

View all 41 filings

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.

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 30/09/2025 · 5 active · 18 ended

Active mandates

Ataba

Managing director · since 18 décembre 2025 · until 31 mars 2028 · 1031.790.483

Represented by Thomas Coeck

Active

Linoca

Director · since 18 décembre 2025 · until 31 mars 2028 · 1031.789.295

Represented by Catherine Coeck

Active

Catherine Mariette Coeck

Director · since 14 mars 2023 · until 18 décembre 2025

Active

Ludo Frans Coeck

Director · since 14 mars 2023 · until 31 mars 2028

Active

Thomas Dirk Coeck

Managing director · since 14 mars 2023 · until 18 décembre 2025

Active

Ended mandates

Catherine Mariette Coeck

Director · since 14 mars 2023 · until 31 mars 2028

Ended

Thomas Dirk Coeck

Managing director · since 14 mars 2023 · until 31 mars 2028

Ended

Thomas Coeck

Managing director · since 01 avril 2022 · until 21 mars 2025

Ended

Thomas COECK

Managing director · since 01 avril 2022 · until 28 mars 2025

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates01/06/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates09/02/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates21/05/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates22/06/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates17/03/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DIVERSEN - DOEL - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
PDF
Mandates02/06/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates05/05/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates25/04/2019
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

2025
Annual accounts 2025915,9 €↓
2024
Annual accounts 202496,9 k €↓
2023
Annual accounts 2023183,8 k €↓
2022
Annual accounts 2022204,9 k €↓
2021
Annual accounts 2021209,5 k €↓
2020
Annual accounts 20201,1 M €↓
2019
Annual accounts 20191,3 M €↑
2018
Annual accounts 20181,1 M €↑
2017
Annual accounts 20171,1 M €↑
2016
Annual accounts 2016153,3 k €↑
2015
Annual accounts 201573,2 k €↓
2014
Annual accounts 20143,2 M €↓
2013
Annual accounts 20136,7 M €↑
2012
Annual accounts 2012992,3 k €↑
2011
Annual accounts 2011161,9 k €↓
2010
Annual accounts 2010188 k €↓
2009
Annual accounts 2009233,8 k €↓
2008
Annual accounts 2008238,5 k €
16/02/1989
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

ICO

Overview

What does ICO do?

Trend over 18 financial years

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