Incofin Microfinance Fund (Cooperative society) — Gent (9000)

Identity

Source · BCE/KBO

Incofin Microfinance Fund is a Cooperative society incorporated in 1992. Its main activity is: Other professional, scientific and technical activities. Its registered office is in Gent.

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0448.125.845
Incorporation: 27/08/1992
Legal form: Cooperative society
Registered office: Ravensteinstraat 2 box 5
9000 Gent · FlandreSee on map
Contributed capital: 49 952 920,69 €
Latest accounts: 31/12/2025

Activities (NACE)

74879Other professional, scientific and technical activities· main 82990Other business support service activities n.e.c.82990Other business support service activities n.e.c.

Joint committees (2)

218
329

Signals

Solid equityLow riskGood liquidityPositive cashflow

Financials

Source · NBB, 22 filings

Trend over 19 financial years

	2025		2024		2023		2022		2020
Income statement
Gross margin	-1,3 M €	+14.8%	-1,5 M €	+9.7%	-1,6 M €	-5.9%	-1,5 M €	+2.3%	-1,6 M €
EBITDA	-1,3 M €	+12.8%	-1,5 M €	+9.5%	-1,6 M €	-4.7%	-1,6 M €	+0.0%	-1,6 M €
Operating result	-4,3 M €	-15.8%	-3,8 M €	-50.3%	-2,5 M €	-14.3%	-2,2 M €	+50.8%	-4,4 M €
Net result	-1,2 M €	-87.2%	-658,2 k €	-164%	1 M €	+44.9%	711,3 k €	+146%	-1,6 M €
Balance sheet
Equity	53,5 M €	-4.5%	56 M €	-0.1%	56 M €	+1.2%	55,4 M €	+4.0%	53,2 M €
Total assets	65,5 M €	-1.5%	66,6 M €	-10.9%	74,7 M €	-4.4%	78,1 M €	-9.8%	86,7 M €
Cash	2,7 M €	-67.2%	8,2 M €	+117%	3,8 M €	-52.6%	8 M €	-23.7%	10,5 M €
Debts	11,6 M €	+14.2%	10,2 M €	-40.2%	17 M €	-21.4%	21,7 M €	-30.6%	31,2 M €
Other
Workforce	–		–		–		–		–

Valuation

Indicative valuation

As an indication, this company is worth

between 50 M€ and 100 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

14 active · 65 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Maurice Vrolix	Director30/04/2025 → 30/04/2031
Steven Bruselle	Director20/03/2024 → 24/04/2030
Annette Terpstra	Director07/06/2022 → 26/04/2029
Frank Degraeve	Director11/06/2015 → 26/04/2029
Frank Vereecken	Director27/04/2008 → 26/04/2028
Nancy Govaerts	Director27/04/2022 → 26/04/2028
Patrick Vandenberghe	Director20/09/2016 → 26/04/2028
Michiel Geers	Chairman of the board of directors23/06/2009 → 26/04/2028Director23/06/2009 → 2020 accountsended
Frans Samyn	Director24/04/2013 → 30/04/2025
Peter van den Brock	Director25/04/2007 → 30/04/2025
Anne Van Autreve	Director27/04/2016 → 26/04/2028
Frank De Leenheer	Director28/04/2010 → 26/04/2028
Guy Pourveur	Director28/04/2010 → 26/04/2028
Willy Bosmans	Director29/04/2009 → 26/04/2028

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Luc Versele	Director27/04/2022 → 2022 accounts
Patrick Haesen	Director27/04/2022 → 2023 accounts
Patrik Haesen	Director27/04/2022 → 20/03/2024
Pieter Verhelst	Director29/04/2020 → 2020 accounts

Other companies at this address

Ravensteinstraat 2 9000 Gent

Company	CBE no.
Alkmist● Active	1026.308.203
Volksvermogen● Active	0400.067.986
Vrede en Broederliefde te Gent● Active	0408.145.514
VZW de Kade● Active	0410.676.818
Your Totem● Active	1004.005.725

Full financial information

Source · NBB

	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	06/05/2026	20/06/2025	14/06/2024	26/06/2023	25/05/2022	15/03/2022
General meeting	29/04/2026	30/04/2025	24/04/2024	26/04/2023	27/04/2022	30/04/2021
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

Financial ratios

Source · NBB

Looking for more information about this company?

Try for free

Annual accounts filings

Source · NBB, 22 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	29/04/2026	06/05/2026	Dutch	PDF
Abridged model	31/12/2024	30/04/2025	20/06/2025	Dutch	PDF
Abridged model	31/12/2023	24/04/2024	14/06/2024	Dutch	PDF
Abridged model	31/12/2022	26/04/2023	26/06/2023	Dutch	PDF
Abridged model	31/12/2021	27/04/2022	25/05/2022	Dutch	PDF
Abridged modelCorrection	31/12/2020	30/04/2021	15/03/2022	Dutch	PDF
Abridged model	31/12/2020	30/04/2021	01/06/2021	Dutch	PDF
Abridged model	31/12/2019	29/04/2020	02/06/2020	Dutch	PDF
Abridged model	31/12/2018	24/04/2019	23/05/2019	Dutch	PDF
Abridged model	31/12/2017	25/04/2018	27/06/2018	Dutch	PDF
Abridged model	31/12/2016	26/04/2017	29/05/2017	Dutch	PDF
Abridged model	31/12/2015	27/04/2016	26/05/2016	Dutch	PDF
Abridged model	31/12/2014	29/04/2015	27/05/2015	Dutch	PDF
Abridged model	31/12/2013	30/04/2014	03/06/2014	Dutch	PDF
Abridged model	31/12/2012	24/04/2013	27/05/2013	Dutch	PDF
Abridged model	31/12/2011	25/04/2012	25/06/2012	Dutch	PDF
Abridged model	31/12/2010	27/04/2011	06/05/2011	Dutch	PDF
Abridged model	31/12/2009	28/04/2010	10/05/2010	Dutch	PDF
Abridged model	31/12/2008	29/04/2009	13/05/2009	Dutch	PDF
Abridged model	31/12/2007	30/04/2008	29/05/2008	Dutch	PDF
Abridged model	31/12/2006	25/04/2007	29/06/2007	Dutch	PDF
Abridged modelCorrection	31/12/2005	26/04/2006	26/06/2007	Dutch	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 50 M€ and 100 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.

Board of directors

Source · NBB, accounts to 31/12/2025

14 active · 65 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Maurice Vrolix	Director30/04/2025 → 30/04/2031
Steven Bruselle	Director20/03/2024 → 24/04/2030
Annette Terpstra	Director07/06/2022 → 26/04/2029
Frank Degraeve	Director11/06/2015 → 26/04/2029
Frank Vereecken	Director27/04/2008 → 26/04/2028
Nancy Govaerts	Director27/04/2022 → 26/04/2028
Patrick Vandenberghe	Director20/09/2016 → 26/04/2028
Michiel Geers	Chairman of the board of directors23/06/2009 → 26/04/2028Director23/06/2009 → 2020 accountsended
Frans Samyn	Director24/04/2013 → 30/04/2025
Peter van den Brock	Director25/04/2007 → 30/04/2025
Anne Van Autreve	Director27/04/2016 → 26/04/2028
Frank De Leenheer	Director28/04/2010 → 26/04/2028
Guy Pourveur	Director28/04/2010 → 26/04/2028
Willy Bosmans	Director29/04/2009 → 26/04/2028

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Luc Versele	Director27/04/2022 → 2022 accounts
Patrick Haesen	Director27/04/2022 → 2023 accounts
Patrik Haesen	Director27/04/2022 → 20/03/2024
Pieter Verhelst	Director29/04/2020 → 2020 accounts

Ownership and network

Looking for more information about this company?

Try for free

Belgian Official Gazette publications

Source · Belgian Official Gazette

Other19/08/2026
Notulen van de algemene vergadering van 29 april 2026
PDF
Mandates24/09/2025
ONTSLAGEN - BENOEMINGEN
PDF
Other23/05/2025
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - BENAMING - DIVERSEN
PDF
Mandates21/08/2024
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates15/09/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates20/07/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates25/10/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates12/07/2018
ONTSLAGEN - BENOEMINGEN
PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings19 filings

Mandates

Maurice Vrolix

Steven Bruselle

Annette Terpstra

Frank Degraeve

Patrick Vandenberghe

Nancy Govaerts

Frank Vereecken

Anne Van Autreve

Frans Samyn

Guy Pourveur

Frank De Leenheer

Michiel Geers

Show the 67 other mandates

1992199319941995199619971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022202320242025202620272028202920302031

Incofin Microfinance Fund

Ravensteinstraat 2 bte 5, 9000 GentRavensteinstraat 1, 9000 Gent

Director

Chairman of the board of directorsDirector

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Ravensteinstraat 2 bte 5, 9000 GentCurrent	accounts 2024 → 2025	Accounts 2025 · 2026-00109502
Ravensteinstraat 1, 9000 Gent	accounts 2022 → 2023	Accounts 2023 · 2024-00138998

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
Incofin Microfinance FundCurrent	accounts 2024 → 2025	Accounts 2025 · 2026-00109502
Incofin cvso	accounts 2023	Accounts 2023 · 2024-00138998
Incofin	accounts 2022	Accounts 2022 · 2023-00170046

Events

2025
Annual accounts 2025-1,2 M €↓
2024
Annual accounts 2024-658,2 k €↓
2024
Name changeIncofin Microfinance Fund
24/04/2024
nominationSteven Brusselle · bestuurder
2023
Annual accounts 20231 M €↑
2023
Name changeIncofin cvso
2022
Annual accounts 2022711,3 k €↑
27/04/2022
nominationFrank Vereecken · bestuurder
27/04/2022
nominationPatrick Vandenberghe · bestuurder
27/04/2022
nominationNancy Govaerts · bestuurder
27/04/2022
reconductionFrank De Leeriheer · bestuurder
27/04/2022
reconductionGuy Pourveur · bestuurder
27/04/2022
reconductionLuc Versele · bestuurder
27/04/2022
reconductionAnne Van Autreve · bestuurder
27/04/2022
reconductionMichiel Geers · bestuurder
27/04/2022
reconductionWilly Bosmans · bestuurder
27/04/2022
reconductionPatrik Haesen · bestuurder
27/04/2022
reconductionVic Van de Moortel · bestuurder
2020
Annual accounts 2020-1,6 M €↓
2019
Annual accounts 2019724,9 k €↓
2018
Annual accounts 2018809 k €↓
2017
Annual accounts 20172,8 M €↑
2016
Annual accounts 20161,9 M €↑
2015
Annual accounts 20151,1 M €↑
2014
Annual accounts 2014730,4 k €↓
2013
Annual accounts 20131,8 M €↑
2012
Annual accounts 2012815,8 k €↑
2011
Annual accounts 2011396,7 k €↓
2010
Annual accounts 20101,9 M €↑
2009
Annual accounts 2009687,3 k €↑
2008
Annual accounts 2008320 k €↑
2007
Annual accounts 2007261,9 k €↑
2006
Annual accounts 2006214,2 k €
27/08/1992
IncorporationCooperative society

Incofin Microfinance Fund

Overview

Identity

Financials

Valuation

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

Timeline

Registered offices

Company names

Events