ACTIVE

INSTITUT DE RADIOELECTRICITE ET DE CINEMATOGRAPHIE

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Financial year 2025 · Closed on 31/12/2025

Net result-39,2 k €-53,2 %over 1 year

Gross margin249,6 k €-2,3 %over 1 year

Equity177,3 k €-26,8 %over 1 year

Workforce6,1 ETP-3,2 %over 1 year

Identity

Source · BCE/KBO

INSTITUT DE RADIOELECTRICITE ET DE CINEMATOGRAPHIE is a Non-profit organization incorporated in 1993. Its main activity is: Security systems service activities. Its registered office is in Forest. It employs on average 6,1 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0450.253.412
Incorporation: 21/04/1993
Legal form: Non-profit organization
Registered office: Av Victor Rousseau 75
1190 Forest · BruxellesSee on map
Latest accounts: 31/12/2025
Average workforce: 6,1 ETP

Activities (NACE)

80224Security systems service activities· main 85324Technical and vocational secondary education 85324Technical and vocational secondary education

Joint committees (3)

Signals

Solid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 12 filings

Trend over 10 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	249,6 k €	-2.3%	255,6 k €	-3.3%	264,4 k €	-9.5%	292,2 k €	+28.7%	227,1 k €
EBITDA	19,4 k €	-59.3%	47,6 k €	-37.9%	76,7 k €	-27.5%	105,8 k €	+96.3%	53,9 k €
Operating result	-39,6 k €	-54.5%	-25,6 k €	-1061%	2,7 k €	-89.1%	24,5 k €	+185%	-28,8 k €
Net result	-39,2 k €	-53.2%	-25,6 k €	-886%	3,3 k €	-86.8%	24,7 k €	+187%	-28,5 k €
Balance sheet
Equity	177,3 k €	-26.8%	242,2 k €	-9.2%	266,7 k €	-4.6%	279,4 k €	+2.2%	273,5 k €
Total assets	288 k €	-7.7%	312 k €	+3.9%	300,3 k €	-19.8%	374,5 k €	+21.4%	308,4 k €
Cash	52,2 k €	-18.5%	64,1 k €	-28.0%	89,1 k €	+72.4%	51,7 k €	+32.6%	39 k €
Debts	68 k €	+51.7%	44,8 k €	+33.1%	33,7 k €	+5.6%	31,9 k €	-8.8%	34,9 k €
Other
Workforce	6,1 ETP	-3.2%	6,3 ETP	+1.6%	6,2 ETP	+1.6%	6,1 ETP	-1.6%	6,2 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

8 active · 4 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Annie SALENS	Director25/06/2020 → 31/05/2028Mandate23/04/2008 → 31/05/2012ended
Eddy GORAY	Director29/03/2019 → 31/05/2028Mandate23/04/2009 → 27/04/2011ended
Etienne COPPIN	Director29/03/2019 → 31/05/2028
Marc EVERAERT	Director29/03/2019 → 31/05/2028
Paul JANSSENS	Vice-chairman of the board of directors29/03/2019 → 31/05/2028
Stéphan DE LIL	Chairman of the board of directors25/06/2020 → 31/05/2028Mandate23/04/2008 → 31/05/2012endedDirectorended
Michel BYNENS	Director07/12/2023 → 07/12/2027
Daniel MUS	Director30/03/2023 → 30/03/2027

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Jacques BIERLAIRE	Chairman of the board of directors29/04/2016 → 25/06/2020
Jean MORREN	Vice-chairman of the board of directors29/04/2016 → 25/06/2020
Pieter DENYS	Mandate23/04/2009 → 27/04/2011

Other companies at this address

Av Victor Rousseau 75 1190 Forest

Company	CBE no.
Institut national de Radioélectricité et de Cinématographie - Nationaal Radio en Filmtechnisch Instituut● Active	0409.848.952

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	14/09/2026	30/09/2025	24/07/2024	26/09/2023	27/06/2022	28/05/2021
General meeting	09/04/2026	24/04/2025	28/03/2024	30/03/2023	22/03/2022	16/03/2021
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

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Annual accounts filings

Source · NBB, 12 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	09/04/2026	14/09/2026	French	PDF
Abridged model	31/12/2024	24/04/2025	30/09/2025	French	PDF
Abridged model	31/12/2023	28/03/2024	24/07/2024	French	PDF
Abridged model	31/12/2022	30/03/2023	26/09/2023	French	PDF
Abridged model	31/12/2021	22/03/2022	27/06/2022	French	PDF
Abridged model	31/12/2020	16/03/2021	28/05/2021	French	PDF
Abridged model	31/12/2019	25/06/2020	05/11/2020	French	PDF
Abridged model	31/12/2010	27/04/2011	05/07/2011	French	PDF
Abridged model	31/12/2009	28/04/2010	23/06/2010	French	PDF
Abridged model	31/12/2008	22/04/2009	31/08/2009	French	PDF
Abridged model	31/12/2007	23/04/2008	15/05/2008	French	PDF
Abridged model	31/12/2006	24/04/2007	30/11/2007	French	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 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.

Board of directors

Source · NBB, accounts to 31/12/2025

8 active · 4 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Annie SALENS	Director25/06/2020 → 31/05/2028Mandate23/04/2008 → 31/05/2012ended
Eddy GORAY	Director29/03/2019 → 31/05/2028Mandate23/04/2009 → 27/04/2011ended
Etienne COPPIN	Director29/03/2019 → 31/05/2028
Marc EVERAERT	Director29/03/2019 → 31/05/2028
Paul JANSSENS	Vice-chairman of the board of directors29/03/2019 → 31/05/2028
Stéphan DE LIL	Chairman of the board of directors25/06/2020 → 31/05/2028Mandate23/04/2008 → 31/05/2012endedDirectorended
Michel BYNENS	Director07/12/2023 → 07/12/2027
Daniel MUS	Director30/03/2023 → 30/03/2027

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Jacques BIERLAIRE	Chairman of the board of directors29/04/2016 → 25/06/2020
Jean MORREN	Vice-chairman of the board of directors29/04/2016 → 25/06/2020
Pieter DENYS	Mandate23/04/2009 → 27/04/2011

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates10/03/2026
DEMISSIONS, NOMINATIONS
PDF
Mandates16/05/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates09/02/2024
DEMISSIONS, NOMINATIONS
PDF
Other28/12/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates15/05/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates17/03/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates07/11/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates07/08/2020
DEMISSIONS, NOMINATIONS
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

Filings10 filings

Mandates

Stéphan DE LIL

Marc EVERAERT

Etienne COPPIN

Paul JANSSENS

Annie SALENS

Eddy GORAY

Michel BYNENS

Daniel MUS

Jacques BIERLAIRE

Jean MORREN

Pieter DENYS

Paul MARIEN

199319941995199619971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022202320242025202620272028

INSTITUT DE RADIOELECTRICITE ET DE CINEMATOGRAPHIE

Av Victor Rousseau 75, 1190 Forest

Chairman of the board of directors

Director

Vice-chairman of the board of directors

Director

Chairman of the board of directors

Vice-chairman of the board of directors

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Av Victor Rousseau 75, 1190 ForestCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00515758

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
INSTITUT DE RADIOELECTRICITE ET DE CINEMATOGRAPHIECurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00515758

Events

2025
Annual accounts 2025-39,2 k €↓
2024
Annual accounts 2024-25,6 k €↓
2023
Annual accounts 20233,3 k €↓
2022
Annual accounts 202224,7 k €↑
2021
Annual accounts 2021-28,5 k €↓
2020
Annual accounts 202052,4 k €↑
2019
Annual accounts 201920,8 k €↑
2010
Annual accounts 20107,4 k €↑
2009
Annual accounts 2009-6,3 k €↓
2008
Annual accounts 200886,3 k €
21/04/1993
IncorporationNon-profit organization

INSTITUT DE RADIOELECTRICITE ET DE CINEMATOGRAPHIE

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