NORMAL SITUATION

INCOROCK

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Financial year 2025 · closed on 31/12/2025

Net result

1,3 M €

+88.1% YoY

Revenue

6,3 M €

+20.8% YoY

Equity

6,6 M €

+23.6% YoY

Workforce

5,8 ETP

+9.4% YoY

Company — Normal situation.

Strike-off: 17 juillet 2026

What does INCOROCK do?

INCOROCK is a Public limited company incorporated in 1991. It employs on average 5,8 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0443.873.780

Incorporation

05/04/1991

Legal form

Public limited company

Contributed capital

298 000,00 €

Latest accounts

31/12/2025

Average workforce

5,8 ETP

Joint committees (2)

Signals

ProfitableSolid equityGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Revenue	6,3 M €	+20.8%	5,2 M €	+9.3%	4,8 M €	-2.4%	4,9 M €	-14.7%	5,8 M €	+14.7%	5 M €	+6.1%	4,7 M €	+6.5%	4,4 M €	+35.4%	3,3 M €	-21.5%	4,2 M €	-24.9%	5,6 M €	-13.7%	6,4 M €	-7.7%	7 M €	+15.3%	6,1 M €	+4.6%	5,8 M €	-7.7%	6,3 M €	-12.7%	7,2 M €	-2.7%	7,4 M €	+11.5%	6,6 M €	-5.1%	7 M €
EBITDA	1,7 M €	+78.8%	953,7 k €	+20.4%	791,9 k €	+221%	246,6 k €	-73.5%	931,9 k €	+3.8%	897,4 k €	+20.2%	746,9 k €	+7.0%	698,1 k €	+87.8%	371,7 k €	+37.2%	271 k €	-67.2%	825,4 k €	-4.4%	863,2 k €	-1.9%	879,6 k €	+3.2%	852,1 k €	+8.6%	784,9 k €	-20.0%	981,2 k €	-38.5%	1,6 M €	-10.9%	1,8 M €	+21.9%	1,5 M €	-12.4%	1,7 M €
Operating result	1,7 M €	+89.4%	878,9 k €	+26.9%	692,6 k €	+838%	73,9 k €	-89.8%	723 k €	+13.4%	637,7 k €	+26.5%	504,2 k €	+1.8%	495,3 k €	+118%	226,8 k €	+78.4%	127,1 k €	-81.4%	682,7 k €	-18.7%	839,8 k €	-1.6%	853,5 k €	+4.3%	818,1 k €	+16.0%	705,4 k €	-15.7%	836,7 k €	-40.6%	1,4 M €	+21.9%	1,2 M €	+134%	492,7 k €	-28.9%	693 k €
Net result	1,3 M €	+88.1%	669,4 k €	+29.1%	518,7 k €	+926%	50,6 k €	-90.8%	546,8 k €	+13.8%	480,5 k €	+36.7%	351,6 k €	+6.2%	331,1 k €	+225%	101,8 k €	+154%	40,1 k €	-90.5%	420 k €	-40.3%	703,9 k €	-1.1%	711,5 k €	-1.8%	724,5 k €	+30.4%	555,5 k €	-21.6%	708,9 k €	-37.6%	1,1 M €	+30.1%	873,6 k €	+83.4%	476,4 k €	-4.9%	501,2 k €
Balance sheet
Equity	6,6 M €	+23.6%	5,3 M €	+14.4%	4,7 M €	+12.5%	4,1 M €	+1.2%	4,1 M €	+15.4%	3,5 M €	+15.7%	3,1 M €	+12.9%	2,7 M €	+13.9%	2,4 M €	+4.5%	2,3 M €	+1.8%	2,2 M €	+23.1%	1,8 M €	+8.9%	1,7 M €	+0.4%	1,7 M €	+0.3%	1,7 M €	+0.0%	1,7 M €	+0.5%	1,7 M €	+9.8%	1,5 M €	+11.4%	1,4 M €	+15.0%	1,2 M €
Total assets	7,2 M €	+22.2%	5,9 M €	+12.2%	5,3 M €	+1.7%	5,2 M €	-4.2%	5,4 M €	+1.4%	5,3 M €	+1.1%	5,3 M €	+5.8%	5 M €	+1.4%	4,9 M €	+5.8%	4,7 M €	-11.0%	5,2 M €	+8.9%	4,8 M €	-0.0%	4,8 M €	+3.0%	4,7 M €	-0.8%	4,7 M €	-4.2%	4,9 M €	-8.1%	5,3 M €	-5.0%	5,6 M €	-8.8%	6,2 M €	+0.8%	6,1 M €
Cash	2,4 M €	+94.9%	1,2 M €	+120%	567 k €	+155%	222,6 k €	+15.4%	193 k €	+35.1%	142,8 k €	+6.1%	134,6 k €	+3.7%	129,9 k €	+391%	26,4 k €	-74.4%	103,4 k €	+8.7%	95,1 k €	+8.5%	87,7 k €	+50.2%	58,4 k €	-36.6%	92 k €	-21.0%	116,4 k €	-24.0%	153,2 k €	+136%	64,8 k €	-9.0%	71,2 k €	-54.0%	154,6 k €	+130%	67,2 k €
Debts	637,7 k €	+7.9%	591,1 k €	-4.5%	618,8 k €	-41.0%	1 M €	-21.0%	1,3 M €	-26.3%	1,8 M €	-19.0%	2,2 M €	-2.8%	2,3 M €	-10.3%	2,6 M €	+7.2%	2,4 M €	-20.5%	3 M €	+0.2%	3 M €	-4.8%	3,1 M €	+4.6%	3 M €	-1.4%	3 M €	-6.3%	3,2 M €	-11.7%	3,7 M €	-9.9%	4,1 M €	-13.7%	4,7 M €	-2.9%	4,9 M €
Other
Workforce	5,8 ETP	+9.4%	5,3 ETP	+12.8%	4,7 ETP	-28.8%	6,6 ETP	-16.5%	7,9 ETP	-2.5%	8,1 ETP	+3.8%	7,8 ETP	-23.5%	10,2 ETP	-2.9%	10,5 ETP	-16.0%	12,5 ETP	-16.1%	14,9 ETP	-3.2%	15,4 ETP	+14.9%	13,4 ETP	-1.5%	13,6 ETP	-13.9%	15,8 ETP	-1.9%	16,1 ETP	+1.3%	15,9 ETP	+1.3%	15,7 ETP	-24.2%	20,7 ETP	+11.3%	18,6 ETP

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 20 ended

Active mandates

GILBERT'S MANAGEMENT COMPANY

Director · since 28 avril 2025 · until 27 avril 2031 · 0441.609.722

Represented by Antonio Rodriguez

Active

GILBERT'S MANAGEMENT COMPANY

Director · since 23 mars 2020 · until 28 avril 2025 · 0441.609.722

Represented by Nathalie Nijs

Active

Ended mandates

GILBERT'S MANAGEMENT COMPANY

Managing director · since 28 avril 2025 · until 27 avril 2031 · 0441.609.722

Represented by Antonio RODRIGUEZ

Ended

GILBERT'S MANAGEMENT COMPANY

Managing director · since 23 mars 2020 · until 28 avril 2025 · 0441.609.722

Represented by Nathalie NIJS

Ended

GILBERT'S MANAGEMENT COMPANY

Managing director · since 23 mars 2020 · until 15 mai 2026 · 0441.609.722

Represented by Nathalie NIJS

Ended

GILBERT's MANAGEMENT COMPANY nv, afgekort "GIMACO"

Managing director · since 23 mars 2020 · until 15 mai 2026 · 0432.874.178

Represented by Nathalie NIJS

Ended

Annual accounts

Full financial information

	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	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	01/06/2026	27/06/2025	14/06/2024	12/07/2023	02/08/2022	30/07/2021
General meeting	20/05/2026	10/06/2025	11/06/2024	30/06/2023	14/06/2022	08/06/2021
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

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	20/05/2026	01/06/2026	Dutch	PDF
Full model	31/12/2024	10/06/2025	27/06/2025	Dutch	PDF
Full model	31/12/2023	11/06/2024	14/06/2024	Dutch	PDF
Full model	31/12/2022	30/06/2023	12/07/2023	Dutch	PDF
Full model	31/12/2021	14/06/2022	02/08/2022	Dutch	PDF
Full model	31/12/2020	08/06/2021	30/07/2021	Dutch	PDF
Full model	31/12/2019	09/06/2020	31/07/2020	Dutch	PDF
Full model	31/12/2018	11/06/2019	19/07/2019	Dutch	PDF
Full model	31/12/2017	12/06/2018	27/07/2018	Dutch	PDF
Full model	31/12/2016	13/06/2017	24/07/2017	Dutch	PDF
Full model	31/12/2015	14/06/2016	25/07/2016	Dutch	PDF
Full model	31/12/2014	09/06/2015	24/08/2015	Dutch	PDF
Full model	31/12/2013	30/06/2014	06/08/2014	Dutch	PDF
Full model	31/12/2012	11/06/2013	30/07/2013	Dutch	PDF
Full model	31/12/2011	12/06/2012	26/07/2012	Dutch	PDF
Full model	31/12/2010	14/06/2011	26/08/2011	Dutch	PDF
Full model	31/12/2009	08/06/2010	14/07/2010	Dutch	PDF
Full model	31/12/2008	09/06/2009	16/07/2009	Dutch	PDF
Full model	31/12/2007	10/06/2008	24/06/2008	Dutch	PDF
Full model	31/12/2006	12/06/2007	23/07/2007	Dutch	PDF

Estimate

Indicative valuation

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 · 2 active · 20 ended

Active mandates

GILBERT'S MANAGEMENT COMPANY

Director · since 28 avril 2025 · until 27 avril 2031 · 0441.609.722

Represented by Antonio Rodriguez

Active

GILBERT'S MANAGEMENT COMPANY

Director · since 23 mars 2020 · until 28 avril 2025 · 0441.609.722

Represented by Nathalie Nijs

Active

Ended mandates

GILBERT'S MANAGEMENT COMPANY

Managing director · since 28 avril 2025 · until 27 avril 2031 · 0441.609.722

Represented by Antonio RODRIGUEZ

Ended

GILBERT'S MANAGEMENT COMPANY

Managing director · since 23 mars 2020 · until 28 avril 2025 · 0441.609.722

Represented by Nathalie NIJS

Ended

GILBERT'S MANAGEMENT COMPANY

Managing director · since 23 mars 2020 · until 15 mai 2026 · 0441.609.722

Represented by Nathalie NIJS

Ended

GILBERT's MANAGEMENT COMPANY nv, afgekort "GIMACO"

Managing director · since 23 mars 2020 · until 15 mai 2026 · 0432.874.178

Represented by Nathalie NIJS

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Dissolution24/07/2026
RUBRIEK EINDE (STOPZETTING, INTREKKING STOPZETTING, NIETIGHEID, GER. AK., GERECHTELIJKE REORGANISATIE, ENZ... - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring26/05/2026
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates25/11/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates09/05/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates23/02/2023
ONTSLAGEN - BENOEMINGEN
PDF
Other27/01/2022
DIVERSEN
PDF
Mandates08/04/2020
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DIVERSEN - ONTSLAGEN - BENOEMINGEN
PDF
Mandates18/01/2019
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 20251,3 M €↑
2024
Annual accounts 2024669,4 k €↑
2023
Annual accounts 2023518,7 k €↑
2022
Annual accounts 202250,6 k €↓
2021
Annual accounts 2021546,8 k €↑
2020
Annual accounts 2020480,5 k €↑
2019
Annual accounts 2019351,6 k €↑
2018
Annual accounts 2018331,1 k €↑
2017
Annual accounts 2017101,8 k €↑
2016
Annual accounts 201640,1 k €↓
2015
Annual accounts 2015420 k €↓
2014
Annual accounts 2014703,9 k €↓
2013
Annual accounts 2013711,5 k €↓
2012
Annual accounts 2012724,5 k €↑
2011
Annual accounts 2011555,5 k €↓
2010
Annual accounts 2010708,9 k €↓
2009
Annual accounts 20091,1 M €↑
2008
Annual accounts 2008873,6 k €↑
2007
Annual accounts 2007476,4 k €↓
2006
Annual accounts 2006501,2 k €
05/04/1991
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

INCOROCK

Overview

What does INCOROCK do?

Trend over 20 financial years

Board of directors

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