ACTIVE

INSECOM

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Financial year 2025 · closed on 31/12/2025

Net result

210,1 k €

+354.4% YoY

Gross margin

725,3 k €

+46.8% YoY

Equity

397,1 k €

+112.3% YoY

What does INSECOM do?

INSECOM is a Public limited company incorporated in 1992. Its main activity is: Rental and operating of own or leased real estate. Its registered office is in Bruxelles.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0448.010.237

Incorporation

11/08/1992

Legal form

Public limited company

Registered office

Avenue Louise 126
1050 Bruxelles · BruxellesSee on map

Contributed capital

122 155,36 €

Latest accounts

31/12/2025

Activities (NACE)

68201Rental and operating of own or leased real estate· main 68201Rental and operating of own or leased real estate 70200Management consultancy activities 70220Business and other management consultancy activities

Signals

ProfitablePositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	725,3 k €	+46.8%	494,1 k €	+1.3%	487,9 k €	+4.7%	465,9 k €	+19.8%	389 k €	-4.2%	406 k €	-21.9%	520,1 k €	-24.7%	690,8 k €	+1.3%	681,7 k €	-4.9%	716,6 k €	+17.2%	611,3 k €	-3.5%	633,8 k €	+15.1%	550,7 k €	-0.5%	553,2 k €	+16.6%	474,2 k €	+2.1%	464,6 k €	-0.6%	467,3 k €	+15.2%	405,8 k €
EBITDA	724,5 k €	+49.1%	486 k €	-0.2%	486,9 k €	+9.4%	445,3 k €	+21.7%	365,7 k €	+73.2%	211,1 k €	-9.8%	234,1 k €	-32.5%	347 k €	-2.7%	356,5 k €	-11.9%	404,7 k €	+25.0%	323,7 k €	-13.3%	373,4 k €	+8.3%	344,6 k €	-6.9%	370,3 k €	+26.5%	292,6 k €	-2.3%	299,7 k €	-5.0%	315,3 k €	+21.5%	259,4 k €
Operating result	333,1 k €	+2954%	-11,7 k €	-104%	270,2 k €	+172%	-376 k €	-270%	220,8 k €	+253%	62,5 k €	-21.1%	79,1 k €	-64.1%	220,7 k €	-13.8%	256,1 k €	-16.5%	306,8 k €	+35.9%	225,7 k €	-12.4%	257,8 k €	+12.3%	229,5 k €	-2.7%	235,8 k €	+46.3%	161,2 k €	-6.5%	172,4 k €	-0.5%	173,2 k €	+63.8%	105,8 k €
Net result	210,1 k €	+354%	-82,6 k €	-143%	194,1 k €	+145%	-435,6 k €	-418%	137,2 k €	+302%	34,1 k €	-0.7%	34,3 k €	-56.6%	79,1 k €	-17.4%	95,7 k €	-26.3%	130 k €	+81.2%	71,7 k €	-19.6%	89,2 k €	+36.5%	65,3 k €	+6.2%	61,5 k €	+594%	8,9 k €	+53.4%	5,8 k €	-35.8%	9 k €	-17.7%	11 k €
Balance sheet
Equity	397,1 k €	+112%	187,1 k €	-30.6%	269,6 k €	+257%	75,5 k €	-85.2%	511,1 k €	+36.7%	373,9 k €	+10.0%	339,8 k €	+11.2%	305,5 k €	+202%	101 k €	+1821%	5,3 k €	+104%	-124,7 k €	+36.5%	-196,4 k €	+31.2%	-285,6 k €	+18.6%	-351 k €	+14.9%	-412,5 k €	+2.1%	-421,4 k €	+1.4%	-427,1 k €	+2.1%	-436,2 k €
Total assets	7,4 M €	+9.7%	6,7 M €	+34.2%	5 M €	-1.5%	5,1 M €	+90.6%	2,7 M €	-0.4%	2,7 M €	-4.4%	2,8 M €	+21.1%	2,3 M €	+44.4%	1,6 M €	-7.9%	1,7 M €	-1.7%	1,8 M €	-5.1%	1,9 M €	-3.1%	1,9 M €	-4.7%	2 M €	-2.8%	2,1 M €	-5.0%	2,2 M €	-4.5%	2,3 M €	-0.4%	2,3 M €
Cash	159,7 k €	+329%	37,3 k €	+21.8%	30,6 k €	+24.7%	24,5 k €	-59.6%	60,7 k €	+187%	21,2 k €	-50.5%	42,7 k €	-59.1%	104,4 k €	+236%	31,1 k €	-72.9%	114,5 k €	+81.5%	63,1 k €	-10.1%	70,2 k €	-38.5%	114,2 k €	+97.1%	57,9 k €	+73.0%	33,5 k €	-39.7%	55,5 k €	-38.8%	90,8 k €	-13.5%	104,9 k €
Debts	7 M €	+6.7%	6,6 M €	+37.9%	4,8 M €	-5.4%	5 M €	+132%	2,2 M €	-6.4%	2,3 M €	-6.3%	2,5 M €	+22.9%	2 M €	+37.7%	1,5 M €	-13.1%	1,7 M €	-9.3%	1,9 M €	-8.0%	2 M €	-7.4%	2,2 M €	-6.5%	2,3 M €	-4.9%	2,4 M €	-4.6%	2,6 M €	-4.8%	2,7 M €	-1.2%	2,7 M €
Other
Workforce	–		–		–		–		–		–		–		–		3,0 ETP	+7.1%	2,8 ETP	-6.7%	3,0 ETP	+7.1%	2,8 ETP	+40.0%	2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP	-13.0%	2,3 ETP	0.0%	2,3 ETP	+15.0%	2,0 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 31/12/2025 · 2 active · 17 ended

Active mandates

Maximilien INDEKEU

Managing director

Active

SOFINVAL

Chairman of the board of directors · 0479.781.202

Represented by Gérard INDEKEU

Active

Ended mandates

Maximilien Indekeu

Managing director · since 30 juin 2012 · until 10 mai 2018

Ended

Maximilien Indekeu

Managing director · since 30 juin 2012 · until 11 mai 2018

Ended

Maximilien Indekeu

Managing director · since 30 juin 2012

Ended

SOFINVAL

Director · since 30 juin 2012 · until 10 mai 2018 · 0479.781.202

Represented by Gérard Indekeu

Ended

At this address

Other companies at this address

Company	CBE no.
DURHAM INVEST● Active	0473.336.937
SOFINVAL● Active	0479.781.202

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	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	29/06/2026	23/07/2025	13/08/2024	03/08/2023	15/07/2022	13/08/2021
General meeting	12/05/2026	13/05/2025	14/05/2024	09/05/2023	10/05/2022	11/05/2021
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

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	12/05/2026	29/06/2026	French	PDF
Micro model	31/12/2024	13/05/2025	23/07/2025	French	PDF
Micro model	31/12/2023	14/05/2024	13/08/2024	French	PDF
Micro model	31/12/2022	09/05/2023	03/08/2023	French	PDF
Micro model	31/12/2021	10/05/2022	15/07/2022	French	PDF
Micro model	31/12/2020	11/05/2021	13/08/2021	French	PDF
Micro model	31/12/2019	12/05/2020	09/10/2020	French	PDF
Micro model	31/12/2018	14/05/2019	29/08/2019	French	PDF
Micro model	31/12/2017	11/05/2018	20/08/2018	French	PDF
Micro model	31/12/2016	11/05/2017	01/08/2017	French	PDF
Abridged model	31/12/2015	12/05/2016	27/07/2016	French	PDF
Abridged model	31/12/2014	15/05/2015	27/07/2015	French	PDF
Abridged model	31/12/2013	08/05/2014	29/08/2014	French	PDF
Abridged model	31/12/2012	10/05/2013	27/08/2013	French	PDF
Abridged model	31/12/2011	10/05/2012	31/08/2012	French	PDF
Abridged model	31/12/2010	12/05/2011	31/08/2011	French	PDF
Abridged model	31/12/2009	14/05/2010	30/09/2010	French	PDF
Abridged modelCorrection	31/12/2008	14/05/2009	14/08/2009	French	PDF
Abridged model	31/12/2008	14/05/2009	06/08/2009	French	PDF
Abridged model	31/12/2007	08/05/2008	04/08/2008	French	PDF
Abridged model	31/12/2006	10/05/2007	18/07/2007	French	PDF

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 31/12/2025 · 2 active · 17 ended

Active mandates

Maximilien INDEKEU

Managing director

Active

SOFINVAL

Chairman of the board of directors · 0479.781.202

Represented by Gérard INDEKEU

Active

Ended mandates

Maximilien Indekeu

Managing director · since 30 juin 2012 · until 10 mai 2018

Ended

Maximilien Indekeu

Managing director · since 30 juin 2012 · until 11 mai 2018

Ended

Maximilien Indekeu

Managing director · since 30 juin 2012

Ended

SOFINVAL

Director · since 30 juin 2012 · until 10 mai 2018 · 0479.781.202

Represented by Gérard Indekeu

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates26/03/2024
DEMISSIONS, NOMINATIONS
PDF
Registered office31/08/2020
SIEGE SOCIAL
PDF
Mandates09/11/2012
DEMISSIONS, NOMINATIONS
PDF
Restructuring17/05/2006
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...) - KAPITAAL - AANDELEN - MAATSCHAPPELIJKE ZETEL - DOEL - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN
PDF
Restructuring09/02/2006
DIVERSEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates29/12/2005
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 2025210,1 k €↑
2024
Annual accounts 2024-82,6 k €↓
2023
Annual accounts 2023194,1 k €↑
2022
Annual accounts 2022-435,6 k €↓
2021
Annual accounts 2021137,2 k €↑
2020
Annual accounts 202034,1 k €↓
2019
Annual accounts 201934,3 k €↓
2018
Annual accounts 201879,1 k €↓
2015
Annual accounts 201595,7 k €↓
2014
Annual accounts 2014130 k €↑
2013
Annual accounts 201371,7 k €↓
2012
Annual accounts 201289,2 k €↑
2011
Annual accounts 201165,3 k €↑
2010
Annual accounts 201061,5 k €↑
2009
Annual accounts 20098,9 k €↑
2008
Annual accounts 20085,8 k €↓
2007
Annual accounts 20079 k €↓
2006
Annual accounts 200611 k €
11/08/1992
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

INSECOM

Overview

What does INSECOM 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