ACTIVE

INDUSTRIAL ENGINEERING AND CONTRACTING

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Financial year 2025 · closed on 31/12/2025

Net result

24,3 k €

+128.7% YoY

Gross margin

33,2 k €

+141.2% YoY

Equity

193,7 k €

+14.4% YoY

What does INDUSTRIAL ENGINEERING AND CONTRACTING do?

INDUSTRIAL ENGINEERING AND CONTRACTING is a Public limited company incorporated in 1994. Its main activity is: Engineering activities and related technical consultancy. Its registered office is in Zonhoven.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0452.368.804

Incorporation

24/03/1994

Legal form

Public limited company

Registered office

Korenmolenweg 42
3520 Zonhoven · FlandreSee on map

Contributed capital

62 000,00 €

Latest accounts

31/12/2025

Activities (NACE)

71121Engineering activities and related technical consultancy· main 71121Engineering activities and related technical consultancy 70200Management consultancy activities 70220Business and other management consultancy activities

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	33,2 k €	+141%	-80,6 k €	-269%	47,6 k €	+8.3%	43,9 k €	+470%	7,7 k €	-90.5%	81,2 k €	+102%	40,1 k €	+0.2%	40,1 k €	+18.1%	33,9 k €	+50.5%	22,6 k €	+4.8%	21,5 k €	+12.8%	19,1 k €	-13.3%	22 k €	+327%	-9,7 k €	-318%	4,4 k €	-96.2%	116,8 k €	+82.2%	64,1 k €	+4021%	-1,6 k €	+22.6%	-2,1 k €
EBITDA	32,7 k €	+140%	-81,6 k €	-280%	45,2 k €	+9.6%	41,3 k €	+1903%	2,1 k €	-97.3%	76,8 k €	+116%	35,6 k €	-4.1%	37,1 k €	+24.2%	29,9 k €	+46.1%	20,5 k €	+8.2%	18,9 k €	+8.7%	17,4 k €	-11.9%	19,8 k €	+269%	-11,7 k €	-696%	2 k €	-98.3%	113,9 k €	+105%	55,5 k €	+2783%	-2,1 k €	+25.1%	-2,8 k €
Operating result	31,4 k €	+138%	-82,3 k €	-284%	44,7 k €	+23.0%	36,4 k €	+562%	-7,9 k €	-116%	50,6 k €	+262%	14 k €	+1.6%	13,7 k €	+143%	5,7 k €	-53.3%	12,1 k €	+108%	5,8 k €	-47.4%	11,1 k €	+24.6%	8,9 k €	+150%	-17,6 k €	-114%	-8,2 k €	-107%	113,9 k €	+105%	55,5 k €	+2783%	-2,1 k €	+35.1%	-3,2 k €
Net result	24,3 k €	+129%	-84,8 k €	-346%	34,4 k €	+28.8%	26,7 k €	+393%	-9,1 k €	-126%	35,5 k €	+326%	8,3 k €	+3.3%	8,1 k €	+108%	3,9 k €	-54.5%	8,6 k €	+52.9%	5,6 k €	-47.9%	10,7 k €	+29.3%	8,3 k €	+145%	-18,3 k €	-86.3%	-9,8 k €	-113%	76,4 k €	+37.8%	55,5 k €	+6360%	-886 €	+62.5%	-2,4 k €
Balance sheet
Equity	193,7 k €	+14.4%	169,4 k €	-33.4%	254,2 k €	+15.7%	219,8 k €	+13.8%	193 k €	-4.5%	202,1 k €	+19.6%	169 k €	+5.2%	160,6 k €	+5.3%	152,5 k €	+2.6%	148,6 k €	+6.1%	140,1 k €	+4.2%	134,5 k €	+8.7%	123,7 k €	+7.2%	115,4 k €	-13.7%	133,8 k €	-6.8%	143,6 k €	+114%	67,2 k €	+474%	11,7 k €	-7.0%	12,6 k €
Total assets	244,1 k €	+11.6%	218,7 k €	-28.5%	305,9 k €	+12.8%	271,2 k €	+7.5%	252,3 k €	-19.3%	312,6 k €	+1.6%	307,6 k €	+8.9%	282,5 k €	+10.8%	254,8 k €	+42.5%	178,8 k €	-4.3%	186,8 k €	+7.8%	173,2 k €	+14.2%	151,8 k €	-1.1%	153,4 k €	-4.5%	160,7 k €	-29.6%	228,4 k €	+182%	81 k €	+286%	21 k €	-4.7%	22 k €
Cash	170,8 k €	+68.3%	101,5 k €	-47.9%	194,8 k €	+16.5%	167,2 k €	+8.9%	153,5 k €	+5.5%	145,6 k €	+2.0%	142,7 k €	+91.3%	74,6 k €	-6.7%	79,9 k €	-19.9%	99,7 k €	-13.0%	114,7 k €	-7.0%	123,3 k €	+136%	52,3 k €	-7.0%	56,2 k €	-9.7%	62,2 k €	-60.8%	158,6 k €	+8703%	1,8 k €	-46.9%	3,4 k €	-39.6%	5,6 k €
Debts	50,5 k €	+2.2%	49,4 k €	-4.6%	51,8 k €	+0.7%	51,4 k €	-13.2%	59,2 k €	-46.4%	110,5 k €	-20.3%	138,6 k €	+13.8%	121,9 k €	+19.1%	102,3 k €	+239%	30,1 k €	-35.5%	46,7 k €	+20.5%	38,8 k €	+38.4%	28 k €	-26.1%	37,9 k €	+41.0%	26,9 k €	-68.3%	84,7 k €	+514%	13,8 k €	+49.3%	9,2 k €	-1.6%	9,4 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 7 active · 29 ended

Active mandates

Albert Zimmermann

Chairman of the board of directors · since 01 janvier 2009 · until 03 mai 2029

Active

Bert Timmers

Director · since 01 janvier 2009 · until 03 mai 2029

Active

Carlo Grootaers

Director · since 01 janvier 2009 · until 03 mai 2029

Active

Denie Timmers

Director · since 01 janvier 2009 · until 03 mai 2029

Active

Hendrik Teuwen

Director · since 01 janvier 2009 · until 03 mai 2029

Active

Jan Timmers

Managing director · since 01 janvier 2009 · until 03 mai 2029

Active

Noël Deferm

Managing director · since 01 janvier 2009 · until 03 mai 2029

Active

Ended mandates

Albert Zimmermann

Chairman of the board of directors · since 04 mai 2020 · until 04 mai 2026

Ended

Bert Timmers

Director · since 04 mai 2020 · until 04 mai 2026

Ended

Carlo Grootaers

Director · since 04 mai 2020 · until 04 mai 2026

Ended

Denie Timmers

Director · since 04 mai 2020 · until 04 mai 2026

Ended

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	08/07/2026	08/05/2025	07/05/2024	04/05/2023	20/05/2022	19/05/2021
General meeting	04/05/2026	03/05/2025	03/05/2024	03/05/2023	03/05/2022	03/05/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	04/05/2026	08/07/2026	Dutch	PDF
Micro model	31/12/2024	03/05/2025	08/05/2025	Dutch	PDF
Micro model	31/12/2023	03/05/2024	07/05/2024	Dutch	PDF
Micro model	31/12/2022	03/05/2023	04/05/2023	Dutch	PDF
Micro model	31/12/2021	03/05/2022	20/05/2022	Dutch	PDF
Micro model	31/12/2020	03/05/2021	19/05/2021	Dutch	PDF
Micro model	31/12/2019	04/05/2020	19/05/2020	Dutch	PDF
Micro model	31/12/2018	03/05/2019	29/05/2019	Dutch	PDF
Micro model	31/12/2017	03/05/2018	07/05/2018	Dutch	PDF
Micro model	31/12/2016	03/05/2017	24/05/2017	Dutch	PDF
Abridged model	31/12/2015	03/05/2016	10/05/2016	Dutch	PDF
Abridged model	31/12/2014	04/05/2015	03/06/2015	Dutch	PDF
Abridged model	31/12/2013	03/05/2014	14/05/2014	Dutch	PDF
Abridged model	31/12/2012	03/05/2013	29/05/2013	Dutch	PDF
Abridged model	31/12/2011	03/05/2012	05/06/2012	Dutch	PDF
Abridged model	31/12/2010	03/05/2011	24/06/2011	Dutch	PDF
Abridged model	31/12/2009	03/05/2010	04/05/2010	Dutch	PDF
Abridged model	31/12/2008	04/05/2009	11/05/2009	Dutch	PDF
Abridged model	31/12/2007	03/05/2008	06/06/2008	Dutch	PDF
Abridged model	31/12/2006	03/05/2007	16/05/2007	Dutch	PDF

Estimate

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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 7 active · 29 ended

Active mandates

Albert Zimmermann

Chairman of the board of directors · since 01 janvier 2009 · until 03 mai 2029

Active

Bert Timmers

Director · since 01 janvier 2009 · until 03 mai 2029

Active

Carlo Grootaers

Director · since 01 janvier 2009 · until 03 mai 2029

Active

Denie Timmers

Director · since 01 janvier 2009 · until 03 mai 2029

Active

Hendrik Teuwen

Director · since 01 janvier 2009 · until 03 mai 2029

Active

Jan Timmers

Managing director · since 01 janvier 2009 · until 03 mai 2029

Active

Noël Deferm

Managing director · since 01 janvier 2009 · until 03 mai 2029

Active

Ended mandates

Albert Zimmermann

Chairman of the board of directors · since 04 mai 2020 · until 04 mai 2026

Ended

Bert Timmers

Director · since 04 mai 2020 · until 04 mai 2026

Ended

Carlo Grootaers

Director · since 04 mai 2020 · until 04 mai 2026

Ended

Denie Timmers

Director · since 04 mai 2020 · until 04 mai 2026

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates15/01/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates04/06/2020
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates06/06/2014
ONTSLAGEN - BENOEMINGEN
PDF
Mandates14/04/2009
BENAMING - MAATSCHAPPELIJKE ZETEL - DOEL - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates16/03/2009
ONTSLAGEN - BENOEMINGEN
PDF
Mandates24/07/2006
ONTSLAGEN - BENOEMINGEN
PDF
Mandates15/07/2005
ONTSLAGEN - BENOEMINGEN
PDF
Mandates10/09/2004
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 202524,3 k €↑
2024
Annual accounts 2024-84,8 k €↓
2023
Annual accounts 202334,4 k €↑
2022
Annual accounts 202226,7 k €↑
2021
Annual accounts 2021-9,1 k €↓
2021
Name changeI.E.C.
2020
Annual accounts 202035,5 k €↑
2018
Annual accounts 20188,3 k €↑
2017
Annual accounts 20178,1 k €↑
2016
Annual accounts 20163,9 k €↓
2015
Annual accounts 20158,6 k €↑
2014
Annual accounts 20145,6 k €↓
2013
Annual accounts 201310,7 k €↑
2012
Annual accounts 20128,3 k €↑
2011
Annual accounts 2011-18,3 k €↓
2010
Annual accounts 2010-9,8 k €↓
2009
Annual accounts 200976,4 k €↑
2008
Annual accounts 200855,5 k €↑
2008
Name changeINDUSTRIAL ENGINEERING AND CONTRACTING
2007
Annual accounts 2007-886 €↑
2006
Annual accounts 2006-2,4 k €
2006
Name changeSERELEC
24/03/1994
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

INDUSTRIAL ENGINEERING AND CONTRACTING

Overview

What does INDUSTRIAL ENGINEERING AND CONTRACTING do?

Trend over 19 financial years

Indicative valuation

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