ACTIVE

INAGRAS

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Financial year 2025 · closed on 31/12/2025

Net result

510,8 k €

+4.6% YoY

Gross margin

1,2 M €

-12.6% YoY

Equity

6,1 M €

+9.1% YoY

Workforce

7,9 ETP

+71.7% YoY

What does INAGRAS do?

INAGRAS is a Public limited company incorporated in 1998. Its registered office is in Gent. It employs on average 7,9 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0464.814.102

Incorporation

29/12/1998

Legal form

Public limited company

Registered office

Industrieweg 172
9030 Gent · FlandreSee on map

Contributed capital

850 000,00 €

Latest accounts

31/12/2025

Average workforce

7,9 ETP

Joint committees (3)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2021		2020		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	1,2 M €	-12.6%	1,4 M €		–		–		–		–		–		–		–		–		–		–		–		–		–		–		1,2 M €	+128%	534,8 k €	-23.8%	702,3 k €
EBITDA	546,4 k €	-20.1%	683,7 k €	-38.7%	1,1 M €	+329%	259,9 k €	-68.3%	820,5 k €	+13.3%	724,3 k €	+7.0%	676,9 k €	+3.7%	652,9 k €	-13.1%	751,5 k €	-24.7%	997,9 k €	+19.0%	838,3 k €	+8.8%	770,2 k €	+44.1%	534,7 k €	+63.0%	328,1 k €	-70.1%	1,1 M €	+106%	531,6 k €	-35.2%	820,2 k €	+133%	351,6 k €	-36.5%	554 k €
Operating result	488,7 k €	-22.2%	627,9 k €	-41.4%	1,1 M €	+392%	217,8 k €	-72.4%	789,1 k €	+18.2%	667,8 k €	+14.9%	581,1 k €	+3.9%	559,5 k €	-8.0%	608,4 k €	-25.3%	814,1 k €	+29.3%	629,4 k €	+9.3%	575,7 k €	+52.4%	377,7 k €	+128%	165,3 k €	-81.7%	901,3 k €	+153%	356,3 k €	-45.3%	651 k €	+358%	142,2 k €	-65.6%	413,7 k €
Net result	510,8 k €	+4.6%	488,2 k €	-36.4%	767,9 k €	+493%	129,5 k €	-67.8%	402,4 k €	-15.0%	473,5 k €	+6.8%	443,4 k €	+32.1%	335,8 k €	+0.9%	332,6 k €	-24.1%	438,3 k €	+29.9%	337,5 k €	+46.4%	230,5 k €	+74.0%	132,4 k €	+705%	16,5 k €	-96.2%	436,3 k €	+289%	112,3 k €	-65.1%	322,1 k €	+11502%	-2,8 k €	-101%	196,5 k €
Balance sheet
Equity	6,1 M €	+9.1%	5,6 M €	+9.5%	5,1 M €	+17.7%	4,3 M €	+3.1%	4,2 M €	+10.5%	3,8 M €	+14.2%	3,3 M €	+15.3%	2,9 M €	+10.2%	2,6 M €	+10.6%	2,4 M €	+15.6%	2,1 M €	+14.7%	1,8 M €	+11.5%	1,6 M €	+0.4%	1,6 M €	+0.8%	1,6 M €	+28.2%	1,2 M €	+7.8%	1,2 M €	+17.6%	977,9 k €	-0.3%	980,7 k €
Total assets	7,6 M €	-0.9%	7,7 M €	-3.2%	7,9 M €	+12.0%	7,1 M €	+3.4%	6,9 M €	+27.9%	5,4 M €	-6.2%	5,7 M €	-6.5%	6,1 M €	+1.0%	6 M €	+0.1%	6 M €	+3.4%	5,8 M €	+2.9%	5,7 M €	+3.6%	5,5 M €	+0.2%	5,5 M €	-3.1%	5,6 M €	-16.4%	6,8 M €	+39.5%	4,8 M €	+1.1%	4,8 M €	+22.6%	3,9 M €
Cash	2,4 M €	+104%	1,2 M €	-8.0%	1,3 M €	+126%	567,8 k €	-15.3%	670,3 k €	-15.6%	794,4 k €	+11.7%	711,4 k €	+88.6%	377,1 k €	-56.7%	870,9 k €	+279%	229,6 k €	-52.9%	487,1 k €	+255%	137,3 k €	-75.6%	562,6 k €	+316%	135,2 k €	-73.8%	517 k €	-43.4%	914,2 k €	+44.9%	630,9 k €	+24.4%	507,1 k €	-7.6%	549 k €
Debts	1,3 M €	-13.8%	1,5 M €	-34.6%	2,2 M €	+3.9%	2,1 M €	+5.2%	2 M €	+31.9%	1,5 M €	-34.8%	2,4 M €	-26.3%	3,2 M €	-5.8%	3,4 M €	-7.0%	3,7 M €	-3.2%	3,8 M €	-2.0%	3,9 M €	+0.3%	3,8 M €	+0.2%	3,8 M €	-5.1%	4 M €	-26.4%	5,5 M €	+49.3%	3,7 M €	-3.2%	3,8 M €	+30.1%	2,9 M €
Other
Workforce	7,9 ETP	+71.7%	4,6 ETP	-11.5%	5,2 ETP	-3.7%	5,4 ETP	-22.9%	7,0 ETP	-21.3%	8,9 ETP	+14.1%	7,8 ETP	-17.0%	9,4 ETP	-28.8%	13,2 ETP	-26.7%	18,0 ETP	-10.0%	20,0 ETP	-8.7%	21,9 ETP	+8.4%	20,2 ETP	-1.0%	20,4 ETP	+5.7%	19,3 ETP	+23.7%	15,6 ETP	+59.2%	9,8 ETP	+100%	4,9 ETP	+16.7%	4,2 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 19 ended

Active mandates

CESEBCO

Director · since 16 octobre 2020 · until 06 juin 2026 · 0684.623.426

Represented by Sébastien De Cartier d'Yves

Active

INVESTINA

Director · since 29 novembre 2019 · until 06 juin 2026 · 0898.316.703

Represented by CELINE VAN RIJCKEGHEM

Active

Ended mandates

Celine Van Rijckegem

Director · since 16 octobre 2020

Ended

CESEBCO

Director · since 16 octobre 2020 · until 06 juin 2026 · 0684.623.426

Represented by de CARTIER D'YVES SÉBASTIEN

Ended

INVESTINA

Director · since 16 octobre 2020 · until 01 août 2026 · 0898.316.703

Represented by Céline Van Rijckeghem

Ended

CESEBCO

Director · since 29 novembre 2019 · 0684.623.426

Represented by de CARTIER D'YVES SÉBASTIEN

Ended

At this address

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INVESTINA● Active	0898.316.703

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2021
Type of account	Abridged model	Abridged model	Full model	Full model	Full model	Full model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/03/2021	01/03/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	28/02/2021
Length of the financial year	12 months	12 months	12 months	12 months	10 months	12 months
Filing date	31/07/2026	31/07/2025	31/07/2024	23/08/2023	30/08/2022	25/11/2021
General meeting	06/06/2026	07/06/2025	01/06/2024	03/06/2023	04/06/2022	07/08/2021
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	06/06/2026	31/07/2026	Dutch	PDF
Abridged model	31/12/2024	07/06/2025	31/07/2025	Dutch	PDF
Full model	31/12/2023	01/06/2024	31/07/2024	Dutch	PDF
Full model	31/12/2022	03/06/2023	23/08/2023	Dutch	PDF
Full model	31/12/2021	04/06/2022	30/08/2022	Dutch	PDF
Full model	28/02/2021	07/08/2021	25/11/2021	Dutch	PDF
Full model	29/02/2020	09/11/2020	26/11/2020	Dutch	PDF
Full model	30/11/2018	30/05/2019	28/06/2019	Dutch	PDF
Full model	30/11/2017	30/05/2018	29/06/2018	Dutch	PDF
Full model	30/11/2016	30/05/2017	15/06/2017	Dutch	PDF
Full model	30/11/2015	07/05/2016	16/06/2016	Dutch	PDF
Full model	30/11/2014	30/05/2015	18/06/2015	Dutch	PDF
Full model	30/11/2013	31/05/2014	26/06/2014	Dutch	PDF
Full model	30/11/2012	04/05/2013	03/06/2013	Dutch	PDF
Full model	30/11/2011	05/05/2012	05/06/2012	Dutch	PDF
Full model	31/07/2010	03/01/2011	01/02/2011	Dutch	PDF
Abridged model	31/07/2009	23/01/2010	02/02/2010	Dutch	PDF
Abridged model	31/07/2008	31/01/2009	28/02/2009	Dutch	PDF
Abridged model	31/07/2007	12/01/2008	24/01/2008	Dutch	PDF
Abridged model	31/07/2006	06/01/2007	15/01/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 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 · 19 ended

Active mandates

CESEBCO

Director · since 16 octobre 2020 · until 06 juin 2026 · 0684.623.426

Represented by Sébastien De Cartier d'Yves

Active

INVESTINA

Director · since 29 novembre 2019 · until 06 juin 2026 · 0898.316.703

Represented by CELINE VAN RIJCKEGHEM

Active

Ended mandates

Celine Van Rijckegem

Director · since 16 octobre 2020

Ended

CESEBCO

Director · since 16 octobre 2020 · until 06 juin 2026 · 0684.623.426

Represented by de CARTIER D'YVES SÉBASTIEN

Ended

INVESTINA

Director · since 16 octobre 2020 · until 01 août 2026 · 0898.316.703

Represented by Céline Van Rijckeghem

Ended

CESEBCO

Director · since 29 novembre 2019 · 0684.623.426

Represented by de CARTIER D'YVES SÉBASTIEN

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Registered office27/01/2026
MAATSCHAPPELIJKE ZETEL
PDF
Other06/01/2022
ALGEMENE VERGADERING - BOEKJAAR
PDF
Mandates16/04/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates17/12/2019
WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - BOEKJAAR
PDF
Mandates26/03/2018
ONTSLAGEN - BENOEMINGEN
PDF
Other04/01/2018
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Capital / shares25/10/2017
KAPITAAL - AANDELEN
PDF
Mandates19/10/2016
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 2025510,8 k €↑
2024
Annual accounts 2024488,2 k €↓
2023
Annual accounts 2023767,9 k €↑
2022
Annual accounts 2022129,5 k €↓
2021
Annual accounts 2021402,4 k €↓
2021
Annual accounts 2021473,5 k €↑
2020
Annual accounts 2020443,4 k €↑
2018
Annual accounts 2018335,8 k €↑
2017
Annual accounts 2017332,6 k €↓
2016
Annual accounts 2016438,3 k €↑
2015
Annual accounts 2015337,5 k €↑
2014
Annual accounts 2014230,5 k €↑
2013
Annual accounts 2013132,4 k €↑
2012
Annual accounts 201216,5 k €↓
2011
Annual accounts 2011436,3 k €↑
2010
Annual accounts 2010112,3 k €↓
2009
Annual accounts 2009322,1 k €↑
2008
Annual accounts 2008-2,8 k €↓
2007
Annual accounts 2007196,5 k €
29/12/1998
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

INAGRAS

Overview

What does INAGRAS do?

Trend over 19 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