ACTIVE

INEC

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Financial year 2025 · closed on 31/12/2025

Net result

355,4 k €

-18.4% YoY

Gross margin

1,4 M €

-11.9% YoY

Equity

221,2 k €

-25.2% YoY

Workforce

9,6 ETP

-2.0% YoY

What does INEC do?

INEC is a Public limited company incorporated in 1992. Its main activity is: Wholesale of information and communication equipment. Its registered office is in Herentals. It employs on average 9,6 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0446.914.038

Incorporation

16/03/1992

Legal form

Public limited company

Registered office

Herenthoutseweg(HRT) 236
2200 Herentals · FlandreSee on map

Contributed capital

61 500,00 €

Latest accounts

31/12/2025

Average workforce

9,6 ETP

Activities (NACE)

46500Wholesale of information and communication equipment· main 46510Wholesale of computers, computer peripheral equipment and software 46660Wholesale of other office machinery and equipment 51840Air transport 51850Air transport

Joint committees (3)

14901
200
218

Signals

ProfitableLow riskPositive 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

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	1,4 M €	-11.9%	1,6 M €	-6.1%	1,7 M €	+21.6%	1,4 M €	-10.5%	1,6 M €	+11.4%	1,4 M €	-6.6%	1,5 M €	+6.9%	1,4 M €	+10.3%	1,3 M €	-0.9%	1,3 M €	+11.9%	1,2 M €	-1.3%	1,2 M €	+9.9%	1,1 M €	+15.8%	920,2 k €	+16.6%	789 k €	+23.1%	640,8 k €	+1.3%	632,5 k €	-26.0%	854,5 k €	+4.5%	818 k €	+4.3%	784,2 k €
EBITDA	517,5 k €	-21.1%	655,7 k €	-11.1%	737,4 k €	+46.9%	501,9 k €	-31.2%	729,1 k €	+18.4%	615,5 k €	+20.4%	511,1 k €	+5.9%	482,7 k €	-12.1%	549,3 k €	-1.1%	555,6 k €	-4.8%	583,9 k €	-1.7%	594,1 k €	+23.6%	480,5 k €	+31.2%	366,2 k €	+68.0%	217,9 k €	-12.3%	248,5 k €	+40.2%	177,3 k €	-61.3%	458,3 k €	+2.9%	445,4 k €	+0.7%	442,4 k €
Operating result	475,5 k €	-23.2%	619,1 k €	-12.8%	710 k €	+51.5%	468,5 k €	-32.6%	695,6 k €	+22.4%	568,1 k €	+19.8%	474,3 k €	+8.2%	438,3 k €	-12.8%	502,7 k €	+1.5%	495 k €	-9.4%	546,3 k €	-2.0%	557,5 k €	+23.0%	453,4 k €	+34.0%	338,4 k €	+59.6%	212 k €	-11.1%	238,4 k €	+40.9%	169,2 k €	-62.5%	450,7 k €	+1.7%	443,2 k €	+2.6%	431,9 k €
Net result	355,4 k €	-18.4%	435,6 k €	-14.4%	508,8 k €	+49.9%	339,5 k €	-33.5%	510,4 k €	+20.7%	422,7 k €	+39.1%	303,8 k €	+8.7%	279,5 k €	-7.6%	302,6 k €	-2.2%	309,4 k €	-11.3%	348,7 k €	+0.2%	348,1 k €	+33.2%	261,4 k €	-16.4%	312,6 k €	+146%	126,9 k €	-16.7%	152,3 k €	+42.4%	107 k €	-64.8%	304,2 k €	+5.8%	287,7 k €	+3.2%	278,6 k €
Balance sheet
Equity	221,2 k €	-25.2%	295,8 k €	-26.1%	400,2 k €	+17.2%	341,4 k €	-38.1%	551,9 k €	-6.7%	591,5 k €	+4.0%	568,8 k €	+16.1%	490 k €	-4.0%	510,5 k €	+25.2%	407,8 k €	+17.0%	348,4 k €	-22.5%	449,8 k €	+27.9%	351,7 k €	+3.4%	340,2 k €	+49.5%	227,6 k €	+13.4%	200,7 k €	-26.6%	273,4 k €	+64.3%	166,4 k €	+2.6%	162,2 k €	-7.1%	174,5 k €
Total assets	1,2 M €	-26.8%	1,7 M €	+6.1%	1,6 M €	-12.0%	1,8 M €	-1.5%	1,8 M €	-11.4%	2 M €	+10.0%	1,8 M €	-1.4%	1,9 M €	-13.7%	2,2 M €	+45.6%	1,5 M €	+18.4%	1,3 M €	-24.1%	1,7 M €	+26.4%	1,3 M €	+3.5%	1,3 M €	+43.1%	885,4 k €	+8.7%	814,9 k €	+32.5%	615 k €	-5.8%	653 k €	-20.6%	822,7 k €	+8.6%	757,7 k €
Cash	6,1 k €	+0.2%	6,1 k €	-92.9%	85,8 k €	+99.4%	43 k €	+25.6%	34,3 k €	-62.5%	91,4 k €	+2.1%	89,5 k €	-53.6%	192,8 k €	-37.5%	308,4 k €	+198%	103,6 k €	-35.8%	161,3 k €	+8.9%	148,1 k €	-44.2%	265,6 k €	+334%	61,1 k €	-40.5%	102,8 k €	+66.7%	61,6 k €	-7.5%	66,6 k €	+7.8%	61,8 k €	-58.8%	150,1 k €	+17.4%	127,8 k €
Debts	953,5 k €	-28.7%	1,3 M €	+18.1%	1,1 M €	-19.2%	1,4 M €	+12.3%	1,2 M €	-13.4%	1,4 M €	+12.6%	1,3 M €	-7.2%	1,4 M €	-17.0%	1,7 M €	+53.2%	1,1 M €	+135%	460,2 k €	-61.9%	1,2 M €	+25.9%	959,9 k €	+3.6%	927 k €	+40.9%	657,8 k €	+7.1%	614,2 k €	+79.8%	341,6 k €	-29.8%	486,5 k €	-26.3%	660,5 k €	+13.3%	583,2 k €
Other
Workforce	9,6 ETP	-2.0%	9,8 ETP	+7.7%	9,1 ETP	-18.0%	11,1 ETP	+12.1%	9,9 ETP	-3.9%	10,3 ETP	-12.7%	11,8 ETP	+0.9%	11,7 ETP	+28.6%	9,1 ETP	-4.2%	9,5 ETP	+31.9%	7,2 ETP	+1.4%	7,1 ETP	-6.6%	7,6 ETP	-8.4%	8,3 ETP	+18.6%	7,0 ETP	+9.4%	6,4 ETP	+10.3%	5,8 ETP	-14.7%	6,8 ETP	0.0%	6,8 ETP	0.0%	6,8 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 · 2 active · 22 ended

Active mandates

Marc Swolfs

Managing director · since 19 juin 2024 · until 03 juin 2030

Active

Marijke Diependaele

Director · since 19 juin 2024 · until 03 juin 2030

Active

Ended mandates

Marc Swolfs

Managing director · since 22 juin 2018 · until 03 juin 2024

Ended

Marc Swolfs

Managing director · since 22 juin 2018 · until 19 juin 2024

Ended

Marijke Diependaele

Director · since 22 juin 2018 · until 03 juin 2024

Ended

Marijke Diependaele

Director · since 22 juin 2018 · until 19 juin 2024

Ended

At this address

Other companies at this address

Company	CBE no.
Enwyse Belgium● Active	0750.764.558
Kreantis● Active	0775.460.461

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged 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	09/06/2026	17/06/2025	25/06/2024	22/06/2023	15/07/2022	16/07/2021
General meeting	09/06/2026	12/06/2025	19/06/2024	15/06/2023	14/06/2022	30/06/2021
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
Abridged model	31/12/2025	09/06/2026	09/06/2026	Dutch	PDF
Abridged model	31/12/2024	12/06/2025	17/06/2025	Dutch	PDF
Abridged model	31/12/2023	19/06/2024	25/06/2024	Dutch	PDF
Abridged model	31/12/2022	15/06/2023	22/06/2023	Dutch	PDF
Abridged model	31/12/2021	14/06/2022	15/07/2022	Dutch	PDF
Abridged model	31/12/2020	30/06/2021	16/07/2021	Dutch	PDF
Abridged model	31/12/2019	02/09/2020	24/09/2020	Dutch	PDF
Abridged model	31/12/2018	06/06/2019	19/06/2019	Dutch	PDF
Abridged model	31/12/2017	23/06/2018	28/08/2018	Dutch	PDF
Abridged model	31/12/2016	22/06/2017	19/07/2017	Dutch	PDF
Abridged model	31/12/2015	24/06/2016	12/07/2016	Dutch	PDF
Abridged model	31/12/2014	16/06/2015	03/08/2015	Dutch	PDF
Abridged model	31/12/2013	20/06/2014	01/08/2014	Dutch	PDF
Abridged model	31/12/2012	13/06/2013	26/08/2013	Dutch	PDF
Abridged model	31/12/2011	20/06/2012	13/07/2012	Dutch	PDF
Abridged model	31/12/2010	20/06/2011	15/07/2011	Dutch	PDF
Abridged model	31/12/2009	22/06/2010	12/07/2010	Dutch	PDF
Abridged model	31/12/2008	15/06/2009	26/08/2009	Dutch	PDF
Abridged model	31/12/2007	11/06/2008	18/06/2008	Dutch	PDF
Abridged model	31/12/2006	30/05/2007	06/07/2007	Dutch	PDF

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 · 2 active · 22 ended

Active mandates

Marc Swolfs

Managing director · since 19 juin 2024 · until 03 juin 2030

Active

Marijke Diependaele

Director · since 19 juin 2024 · until 03 juin 2030

Active

Ended mandates

Marc Swolfs

Managing director · since 22 juin 2018 · until 03 juin 2024

Ended

Marc Swolfs

Managing director · since 22 juin 2018 · until 19 juin 2024

Ended

Marijke Diependaele

Director · since 22 juin 2018 · until 03 juin 2024

Ended

Marijke Diependaele

Director · since 22 juin 2018 · until 19 juin 2024

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates23/07/2024
ONTSLAGEN - BENOEMINGEN
PDF
Other28/06/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates02/08/2019
ONTSLAGEN - BENOEMINGEN
PDF
Registered office06/04/2017
MAATSCHAPPELIJKE ZETEL
PDF
Mandates29/11/2013
ONTSLAGEN - BENOEMINGEN
PDF
Mandates06/04/2012
ONTSLAGEN - BENOEMINGEN
PDF
Registered office09/03/2012
MAATSCHAPPELIJKE ZETEL
PDF
Mandates08/05/2009
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 2025355,4 k €↓
2024
Annual accounts 2024435,6 k €↓
2023
Annual accounts 2023508,8 k €↑
2022
Annual accounts 2022339,5 k €↓
2021
Annual accounts 2021510,4 k €↑
2020
Annual accounts 2020422,7 k €↑
2019
Annual accounts 2019303,8 k €↑
2018
Annual accounts 2018279,5 k €↓
2017
Annual accounts 2017302,6 k €↓
2016
Annual accounts 2016309,4 k €↓
2015
Annual accounts 2015348,7 k €↑
2014
Annual accounts 2014348,1 k €↑
2013
Annual accounts 2013261,4 k €↓
2012
Annual accounts 2012312,6 k €↑
2011
Annual accounts 2011126,9 k €↓
2010
Annual accounts 2010152,3 k €↑
2009
Annual accounts 2009107 k €↓
2008
Annual accounts 2008304,2 k €↑
2007
Annual accounts 2007287,7 k €↑
2006
Annual accounts 2006278,6 k €
16/03/1992
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

INEC

Overview

What does INEC do?

Trend over 20 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