ACTIVE

INCOPLAS SERVICES

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Financial year 2025 · closed on 31/12/2025
Net result
342,8 k €
-5.5% YoY
Gross margin
881,2 k €
-5.9% YoY
Equity
2,5 M €
+16.7% YoY

What does INCOPLAS SERVICES do?

INCOPLAS SERVICES is a Public limited company incorporated in 1989. Its main activity is: Architectural and engineering activities; technical testing and analysis. Its registered office is in Watermael-Boitsfort.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0437.853.941
Incorporation
01/06/1989
Legal form
Public limited company
Registered office
Chaussée de La Hulpe 181
1170 Watermael-Boitsfort · BruxellesSee on map
Contributed capital
95 000,00 €
Latest accounts
31/12/2025
Activities (NACE)
71330Architectural and engineering activities; technical testing and analysis· main77330Rental and leasing of office machinery and equipment (including computers)77330Rental and leasing of office machinery and equipment (including computers)46500Wholesale of information and communication equipment46510Wholesale of computers, computer peripheral equipment and software46660Wholesale of other office machinery and equipment+2
Joint committees (3)
  • 100
  • 200
  • 218
Contacts
2 public details availableLog in to view
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 20 financial years

20252024202320222021202020192018201720162015201420132012201120102009200820072006
Income statement
Gross margin881,2 k €936,3 k €600,3 k €743,4 k €438,5 k €454,4 k €469,2 k €274 k €1,3 M €245,8 k €214,9 k €291,8 k €226,2 k €287,7 k €343,7 k €433,3 k €329 k €372,4 k €266,9 k €196,9 k €
EBITDA746,6 k €812,9 k €471 k €575,7 k €376,9 k €381,7 k €407,4 k €215 k €1,2 M €209,6 k €174,5 k €244,7 k €181,5 k €246,6 k €331,5 k €432,3 k €327,9 k €371 k €265,7 k €195,5 k €
Operating result482,4 k €516,9 k €182,4 k €325,1 k €182,4 k €186 k €180,2 k €87,2 k €1,2 M €137,3 k €97,2 k €58,9 k €28 k €30,1 k €63,3 k €138,7 k €49,9 k €44,5 k €6,6 k €13,8 k €
Net result342,8 k €362,6 k €128,3 k €235,7 k €139,5 k €137,9 k €131,1 k €72,2 k €771 k €98,4 k €83,7 k €50,9 k €21,7 k €13,3 k €42,6 k €101,9 k €30,5 k €7,8 k €-25,3 k €-5,1 k €
Balance sheet
Equity2,5 M €2,1 M €1,8 M €1,6 M €1,4 M €1,3 M €1,3 M €1,2 M €1,2 M €800,4 k €739,5 k €693,4 k €637,5 k €605,8 k €592,6 k €550 k €448,1 k €417,6 k €409,8 k €435,1 k €
Total assets2,9 M €2,6 M €2,8 M €2,8 M €3 M €2,8 M €2,1 M €1,7 M €1,6 M €1,1 M €846 k €813 k €869,4 k €961,8 k €1,2 M €1,3 M €915,2 k €1,1 M €1,3 M €1,1 M €
Cash28,2 k €72,2 k €66,8 k €131,3 k €132,3 k €207,1 k €745 k €863,5 k €1,2 M €56,4 k €136,9 k €63,1 k €65 k €29,8 k €125,5 k €21 k €92,9 k €6,8 k €9 k €33,9 k €
Debts393,3 k €457 k €912 k €1 M €1,4 M €762,3 k €579,4 k €168,4 k €177,9 k €256,6 k €98,9 k €113,4 k €227,7 k €353,5 k €597,7 k €773,7 k €467 k €670,8 k €912,2 k €638,7 k €
Other
Workforce––1,0 ETP––––––1,0 ETP1,0 ETP1,0 ETP1,0 ETP1,0 ETP0,5 ETP–––––
Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 10 ended

Active mandates

André Thelen

Director · since 29 octobre 2025 · until 30 avril 2031

Active
DS-Auslandsbeteiligung GmbH,

Director · since 29 octobre 2025 · until 30 avril 2031

Represented by Patric Linde

Active
Marco Della Riva

Managing director · until 29 octobre 2025

Active
Sabrina Della Riva

Director · until 29 octobre 2025

Active

Ended mandates

MARCO DELLA RIVA

Director · since 30 juin 2017 · until 31 mai 2019

Ended
SABRINA DELLA RIVA

Director · since 30 juin 2017 · until 30 mai 2019

Ended
Carlo Della Riva

Managing director · until 25 janvier 2023

Ended
Carlo DELLA RIVA

Managing director

Ended
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Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelMicro modelMicro modelMicro 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 date06/08/202607/08/202525/07/202414/07/202330/08/202227/08/2021
General meeting30/06/202627/04/202530/06/202430/06/202330/06/202230/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

21 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202530/06/202606/08/2026FrenchPDF
Abridged model31/12/202427/04/202507/08/2025FrenchPDF
Abridged model31/12/202330/06/202425/07/2024FrenchPDF
Micro model31/12/202230/06/202314/07/2023FrenchPDF
Micro model31/12/202130/06/202230/08/2022FrenchPDF
Micro model31/12/202030/06/202127/08/2021FrenchPDF
Micro modelCorrection31/12/201930/06/202004/06/2021FrenchPDF
Micro model31/12/201930/06/202008/07/2020FrenchPDF
Micro model31/12/201827/05/201924/07/2019FrenchPDF
Micro model31/12/201730/04/201811/06/2018FrenchPDF
Abridged model31/12/201630/06/201704/07/2017FrenchPDF
Abridged model31/12/201530/06/201628/07/2016FrenchPDF
Abridged model31/12/201430/06/201503/07/2015FrenchPDF
Abridged model31/12/201330/06/201423/07/2014FrenchPDF
Abridged model31/12/201230/06/201308/07/2013FrenchPDF
Abridged model31/12/201130/06/201226/07/2012FrenchPDF
Abridged model31/12/201030/06/201127/07/2011FrenchPDF
Abridged model31/12/200930/06/201004/08/2010FrenchPDF
Abridged model31/12/200830/06/200923/07/2009FrenchPDF
Abridged model31/12/200730/06/200809/07/2008FrenchPDF
Abridged model31/12/200630/06/200716/01/2008FrenchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 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.

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 31/12/2025 · 4 active · 10 ended

Active mandates

André Thelen

Director · since 29 octobre 2025 · until 30 avril 2031

Active
DS-Auslandsbeteiligung GmbH,

Director · since 29 octobre 2025 · until 30 avril 2031

Represented by Patric Linde

Active
Marco Della Riva

Managing director · until 29 octobre 2025

Active
Sabrina Della Riva

Director · until 29 octobre 2025

Active

Ended mandates

MARCO DELLA RIVA

Director · since 30 juin 2017 · until 31 mai 2019

Ended
SABRINA DELLA RIVA

Director · since 30 juin 2017 · until 30 mai 2019

Ended
Carlo Della Riva

Managing director · until 25 janvier 2023

Ended
Carlo DELLA RIVA

Managing director

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates28/11/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates19/01/2024
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - DEMISSIONS, NOMINATIONS
    PDF
  • Mandates15/03/2023
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates13/06/2019
    DEMISSIONS, NOMINATIONS
    PDF
  • Capital / shares18/01/2018
    CAPITAL, ACTIONS
    PDF
  • Mandates13/12/2017
    DEMISSIONS, NOMINATIONS
    PDF
  • Other14/07/2017
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …)
    PDF
  • Mandates05/09/2014
    DEMISSIONS, NOMINATIONS
    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 2025342,8 k €↓
  2. 2024
    Annual accounts 2024362,6 k €↑
  3. 2023
    Annual accounts 2023128,3 k €↓
  4. 2022
    Annual accounts 2022235,7 k €↑
  5. 2021
    Annual accounts 2021139,5 k €↑
  6. 2020
    Annual accounts 2020137,9 k €↑
  7. 2019
    Annual accounts 2019131,1 k €↑
  8. 2018
    Annual accounts 201872,2 k €↓
  9. 2017
    Annual accounts 2017771 k €↑
  10. 2016
    Annual accounts 201698,4 k €↑
  11. 2015
    Annual accounts 201583,7 k €↑
  12. 2014
    Annual accounts 201450,9 k €↑
  13. 2013
    Annual accounts 201321,7 k €↑
  14. 2012
    Annual accounts 201213,3 k €↓
  15. 2011
    Annual accounts 201142,6 k €↓
  16. 2010
    Annual accounts 2010101,9 k €↑
  17. 2009
    Annual accounts 200930,5 k €↑
  18. 2008
    Annual accounts 20087,8 k €↑
  19. 2007
    Annual accounts 2007-25,3 k €↓
  20. 2006
    Annual accounts 2006-5,1 k €
  21. 01/06/1989
    IncorporationPublic limited company