ACTIVE

INDUSTRIAL IMAGING APPLICATIONS

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Financial year 2025 · closed on 31/12/2025

Net result

23,7 k €

+275.9% YoY

Gross margin

5,3 k €

+248.5% YoY

Equity

333,5 k €

-10.9% YoY

What does INDUSTRIAL IMAGING APPLICATIONS do?

INDUSTRIAL IMAGING APPLICATIONS is a Private limited company incorporated in 2002. Its main activity is: Engineering activities and related technical consultancy. Its registered office is in Rotselaar.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0478.544.847

Incorporation

11/10/2002

Legal form

Private limited company

Registered office

Abdijlaan 38
3111 Rotselaar · FlandreSee on map

Contributed capital

14 360,00 €

Latest accounts

31/12/2025

Activities (NACE)

71121Engineering activities and related technical consultancy· main 71121Engineering activities and related technical consultancy 74203Photographic activities 64200Activities of holding companies 64210Activities of holding companies 74151Specialised design activities

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	5,3 k €	+249%	-3,6 k €	-108%	42,2 k €	-53.5%	90,8 k €	-6.7%	97,4 k €	-12.3%	111,1 k €	+27.1%	87,4 k €	-52.3%	183,2 k €	-9.9%	203,3 k €	-2.5%	208,4 k €	+75.8%	118,5 k €	+25.4%	94,5 k €	-12.1%	107,5 k €	-4.5%	112,6 k €	-15.5%	133,3 k €	+37.9%	96,6 k €	-20.6%	121,7 k €	+16.4%	104,6 k €	+9.3%	95,6 k €	+52.3%	62,8 k €
EBITDA	4,9 k €	+224%	-4,0 k €	-110%	41,3 k €	-54.0%	89,9 k €	-6.7%	96,4 k €	-12.5%	110,1 k €	+27.7%	86,2 k €	-52.5%	181,4 k €	-9.4%	200,2 k €	-0.9%	202,1 k €	+75.7%	115,0 k €	+26.1%	91,2 k €	-12.3%	104,0 k €	-4.4%	108,8 k €	-17.8%	132,4 k €	+38.8%	95,3 k €	-19.5%	118,4 k €	+15.6%	102,4 k €	+9.4%	93,6 k €	+55.2%	60,3 k €
Operating result	-7,9 k €	+52.5%	-16,7 k €	-145%	37,4 k €	-58.2%	89,5 k €	-6.5%	95,8 k €	+0.7%	95,0 k €	+35.6%	70,1 k €	-57.4%	164,5 k €	-10.9%	184,6 k €	-0.5%	185,5 k €	+66.0%	111,8 k €	+26.6%	88,3 k €	-5.1%	93,0 k €	-4.1%	97,0 k €	-19.4%	120,4 k €	+46.0%	82,4 k €	-21.6%	105,1 k €	+11.8%	94,0 k €	+10.6%	85,0 k €	+58.6%	53,6 k €
Net result	23,7 k €	+276%	-13,5 k €	-136%	37,3 k €	-43.1%	65,5 k €	-3.2%	67,6 k €	+1.4%	66,7 k €	+61.3%	41,4 k €	-58.3%	99,2 k €	-8.6%	108,5 k €	-1.9%	110,5 k €	+69.4%	65,2 k €	+13.8%	57,3 k €	-2.1%	58,6 k €	+2.7%	57,0 k €	-21.7%	72,8 k €	+44.6%	50,4 k €	-20.6%	63,5 k €	+10.9%	57,2 k €	+13.6%	50,4 k €	+42.8%	35,3 k €
Balance sheet
Equity	333,5 k €	-10.9%	374,5 k €	-12.8%	429,4 k €	-43.6%	761,5 k €	+9.4%	696,0 k €	+10.8%	628,4 k €	+11.9%	561,7 k €	+8.0%	520,3 k €	+23.5%	421,1 k €	+34.7%	312,7 k €	+54.7%	202,1 k €	+47.7%	136,9 k €	+68.6%	81,2 k €	+11.8%	72,6 k €	+10.8%	65,5 k €	+53.5%	42,7 k €	+0.9%	42,3 k €	+8.9%	38,9 k €	+22.9%	31,6 k €	+1.2%	31,3 k €
Total assets	758,8 k €	+0.1%	757,9 k €	-19.2%	937,9 k €	+3.5%	906,2 k €	+10.9%	817,0 k €	+5.6%	773,4 k €	+7.9%	716,7 k €	+2.1%	702,3 k €	+17.9%	595,8 k €	+44.1%	413,5 k €	+38.7%	298,2 k €	+14.6%	260,3 k €	+14.4%	227,5 k €	+20.0%	189,5 k €	-29.9%	270,5 k €	+33.9%	202,0 k €	+12.6%	179,4 k €	+77.5%	101,0 k €	-39.7%	167,6 k €	+24.8%	134,2 k €
Cash	450,8 k €	+81.6%	248,2 k €	-59.2%	607,7 k €	+287%	157,2 k €	-37.8%	252,5 k €	-22.2%	324,7 k €	-39.6%	537,2 k €	-0.8%	541,7 k €	+22.3%	442,9 k €	+106%	215,4 k €	+29.5%	166,3 k €	+1.5%	163,8 k €	+47.3%	111,2 k €	-16.2%	132,6 k €	+21.9%	108,8 k €	+1142%	8,8 k €	-88.7%	77,6 k €	+33.4%	58,2 k €	-43.1%	102,2 k €	+16.6%	87,7 k €
Debts	425,2 k €	+10.9%	383,4 k €	-24.6%	508,5 k €	+251%	144,7 k €	+19.6%	121,0 k €	-16.6%	145,1 k €	-6.4%	155,0 k €	-14.8%	182,0 k €	+4.2%	174,7 k €	+73.2%	100,8 k €	+4.9%	96,1 k €	-22.2%	123,4 k €	-15.6%	146,3 k €	+25.1%	116,9 k €	-42.9%	204,8 k €	+28.5%	159,3 k €	+16.3%	137,0 k €	+120%	62,2 k €	-54.3%	135,9 k €	+32.2%	102,8 k €
Other
Workforce	–		–		–		–		–		–		–		–		0,1 ETP	0.0%	0,1 ETP	0.0%	0,1 ETP	0.0%	0,1 ETP	0.0%	0,1 ETP	0.0%	0,1 ETP		–		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 3 ended

Active mandates

Christiaan Fivez

Director

Active

Ended mandates

Christiaan A.J.M. Fivez

Manager · since 18 octobre 2002

Ended

Christiaan A.J.M. Fivez

Manager

Ended

Christiaan Fivez

Manager

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	29/06/2026	25/06/2025	02/07/2024	29/06/2023	23/06/2022	28/06/2021
General meeting	09/06/2026	10/06/2025	11/06/2024	13/06/2023	14/06/2022	08/06/2021
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	09/06/2026	29/06/2026	Dutch	PDF
Micro model	31/12/2024	10/06/2025	25/06/2025	Dutch	PDF
Micro model	31/12/2023	11/06/2024	02/07/2024	Dutch	PDF
Micro model	31/12/2022	13/06/2023	29/06/2023	Dutch	PDF
Micro model	31/12/2021	14/06/2022	23/06/2022	Dutch	PDF
Micro model	31/12/2020	08/06/2021	28/06/2021	Dutch	PDF
Micro model	31/12/2019	09/06/2020	18/06/2020	Dutch	PDF
Micro model	31/12/2018	11/06/2019	19/06/2019	Dutch	PDF
Abridged model	31/12/2017	12/06/2018	25/06/2018	Dutch	PDF
Abridged model	31/12/2016	13/06/2017	14/06/2017	Dutch	PDF
Abridged model	31/12/2015	14/06/2016	16/06/2016	Dutch	PDF
Abridged model	31/12/2014	09/06/2015	16/06/2015	Dutch	PDF
Abridged model	31/12/2013	10/06/2014	24/06/2014	Dutch	PDF
Abridged model	31/12/2012	11/06/2013	21/06/2013	Dutch	PDF
Abridged model	31/12/2011	12/06/2012	26/06/2012	Dutch	PDF
Abridged model	31/12/2010	14/06/2011	04/07/2011	Dutch	PDF
Abridged model	31/12/2009	08/06/2010	10/06/2010	Dutch	PDF
Abridged model	31/12/2008	09/06/2009	21/06/2009	Dutch	PDF
Abridged model	31/12/2007	10/06/2008	15/06/2008	Dutch	PDF
Abridged model	31/12/2006	12/06/2007	25/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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 · 1 active · 3 ended

Active mandates

Christiaan Fivez

Director

Active

Ended mandates

Christiaan A.J.M. Fivez

Manager · since 18 octobre 2002

Ended

Christiaan A.J.M. Fivez

Manager

Ended

Christiaan Fivez

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates20/12/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
PDF
Registered office04/06/2019
MAATSCHAPPELIJKE ZETEL - ALGEMENE VERGADERING
PDF
Other18/10/2002
RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
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 202523,7 k €↑
2024
Annual accounts 2024-13,5 k €↓
2023
Annual accounts 202337,3 k €↓
2022
Annual accounts 202265,5 k €↓
2021
Annual accounts 202167,6 k €↑
2020
Annual accounts 202066,7 k €↑
2019
Annual accounts 201941,4 k €↓
2018
Annual accounts 201899,2 k €↓
2017
Annual accounts 2017108,5 k €↓
2016
Annual accounts 2016110,5 k €↑
2015
Annual accounts 201565,2 k €↑
2014
Annual accounts 201457,3 k €↓
2013
Annual accounts 201358,6 k €↑
2012
Annual accounts 201257,0 k €↓
2011
Annual accounts 201172,8 k €↑
2010
Annual accounts 201050,4 k €↓
2009
Annual accounts 200963,5 k €↑
2008
Annual accounts 200857,2 k €↑
2007
Annual accounts 200750,4 k €↑
2006
Annual accounts 200635,3 k €
11/10/2002
IncorporationPrivate 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 IMAGING APPLICATIONS

Overview

What does INDUSTRIAL IMAGING APPLICATIONS do?

Trend over 20 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