ICARUS GROUP
0508.780.539 · rovalta.com · 26/09/2026
ACTIVE
ICARUS GROUP
Financial year 2025 · Closed on 31/12/2025
Net result-525,8 k €+18,8 %over 1 year
Revenue1,1 M €-3,5 %over 1 year
Equity11,3 M €-4,4 %over 1 year
Workforce5,8 ETP-4,9 %over 1 year
Overview
Identity
Source · BCE/KBOICARUS GROUP is a Public limited company incorporated in 2012. Its main activity is: Activities of head offices. Its registered office is in Herstal. It employs on average 5,8 ETP workers (FTE).
- Legal situation
- Normal situation
- BCE/KBO no. / VAT
- BE 0508.780.539
- Incorporation
- 28/12/2012
- Legal form
- Public limited company
- Registered office
- Rue des Alouettes 100
4041 Herstal · WallonieSee on map - Contributed capital
- 15 400 000,00 €
- Latest accounts
- 31/12/2025
- Average workforce
- 5,8 ETP
Activities (NACE)
Joint committees (2)
- 200
- 218
Signals
Solid equityHealthy social debtsHigh revenue
Financials
Source · NBB, 25 filingsTrend over 13 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | |||||
|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||
| Revenue | 1,1 M € | -3.5% | 1,2 M € | -8.3% | 1,3 M € | -6.7% | 1,3 M € | +3.3% | 1,3 M € |
| EBITDA | -239,5 k € | -8.9% | -220 k € | -116% | -102,1 k € | -163% | 163,2 k € | +118% | 75 k € |
| Operating result | -248,1 k € | -8.5% | -228,7 k € | -122% | -102,8 k € | -163% | 163,2 k € | +118% | 74,9 k € |
| Net result | -525,8 k € | +18.8% | -647,5 k € | +55.3% | -1,4 M € | -792% | -162,3 k € | -41.2% | -115 k € |
| Balance sheet | |||||||||
| Equity | 11,3 M € | -4.4% | 11,9 M € | -5.2% | 12,5 M € | -10.4% | 14 M € | -1.1% | 14,1 M € |
| Total assets | 23,5 M € | -0.8% | 23,7 M € | +0.8% | 23,5 M € | +1.3% | 23,2 M € | -3.9% | 24,2 M € |
| Cash | 1 k € | +71.3% | 593,8 € | -90.0% | 5,9 k € | +500% | 988,8 € | -96.3% | 26,7 k € |
| Debts | 12,2 M € | +2.8% | 11,8 M € | +7.6% | 11 M € | +18.8% | 9,3 M € | -7.7% | 10 M € |
| Other | |||||||||
| Workforce | 5,8 ETP | -4.9% | 6,1 ETP | -10.3% | 6,8 ETP | 0.0% | 6,8 ETP | -5.6% | 7,2 ETP |
Valuation
Indicative valuation
As an indication, this company is worth
between 10 M€ and 25 M€
See the valuationBoard of directors
Source · NBB, accounts to 31/12/2025Other companies at this address
Rue des Alouettes 100 4041 Herstal| Company | CBE no. |
|---|---|
| 0540.824.785 | |
ICARUS● Active | 0427.223.434 |
| 1031.277.868 | |
TECHNORAMA INVEST● Active | 0480.255.908 |
THISE● Active | 0419.692.373 |
UNITE TVA ICARUS UNIT● Active | 0562.909.509 |
Financials
Full financial information
Source · NBB| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Type of account | Full model | Full model | Full model | Full model | Full model | Consolidated accounts |
| 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 | 20/05/2026 | 16/07/2025 | 31/07/2024 | 25/07/2023 | 20/07/2022 | 28/12/2021 |
| General meeting | 19/05/2026 | 16/07/2025 | 31/07/2024 | 24/07/2023 | 15/07/2022 | 01/01/9999 |
| 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 · NBBLooking for more information about this company?
Try for freeAnnual accounts filings
Source · NBB, 25 filings| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Full model | 31/12/2025 | 19/05/2026 | 20/05/2026 | French | |
| Full model | 31/12/2024 | 16/07/2025 | 16/07/2025 | French | |
| Full model | 31/12/2023 | 31/07/2024 | 31/07/2024 | French | |
| Consolidated accounts | 31/12/2023 | 16/07/2025 | 18/07/2025 | French | |
| Full model | 31/12/2022 | 24/07/2023 | 25/07/2023 | French | |
| Consolidated accounts | 31/12/2022 | 20/11/2023 | 24/11/2023 | French | |
| Full model | 31/12/2021 | 15/07/2022 | 20/07/2022 | French | |
| Consolidated accounts | 31/12/2021 | 10/10/2022 | 14/10/2022 | French | |
| Full model | 31/12/2020 | 19/04/2021 | 23/04/2021 | French | |
| Consolidated accounts | 31/12/2020 | 01/01/9999 | 28/12/2021 | French | |
| Full model | 31/12/2019 | 07/10/2020 | 08/10/2020 | French | |
| Consolidated accounts | 31/12/2019 | 02/12/2020 | 04/12/2020 | French | |
| Full model | 31/12/2018 | 26/06/2019 | 02/07/2019 | French | |
| Consolidated accounts | 31/12/2018 | 03/09/2019 | 05/09/2019 | French | |
| Full model | 31/12/2017 | 31/07/2018 | 01/08/2018 | French | |
| Consolidated accounts | 31/12/2017 | 27/09/2018 | 28/09/2018 | French | |
| Full model | 31/12/2016 | 31/07/2017 | 01/08/2017 | French | |
| Consolidated accounts | 31/12/2016 | 21/08/2017 | 04/09/2017 | French | |
| Full model | 31/12/2015 | 30/06/2016 | 05/07/2016 | French | |
| Consolidated accounts | 31/12/2015 | 30/06/2016 | 08/07/2016 | French | |
| Full model | 31/12/2014 | 18/05/2015 | 29/05/2015 | French | |
| Consolidated accounts | 31/12/2014 | 18/05/2015 | 27/05/2015 | French | |
| Full modelCorrection | 31/12/2013 | 19/05/2014 | 19/06/2014 | French | |
| Full model | 31/12/2013 | 19/05/2014 | 10/06/2014 | French | |
| Consolidated accounts | 31/12/2013 | 13/06/2014 | 23/06/2014 | French |
Valuation
Indicative valuation
Order of magnitude
As an indication, this company is worth
between 10 M€ and 25 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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Board of directors
Source · NBB, accounts to 31/12/2025Ownership and network
Looking for more information about this company?
Try for freePublications
Belgian Official Gazette publications
Source · Belgian Official Gazette- Mandates27/08/2026Extrait PV AGE 28/11/2025 - Renouvellement du mandat du Commissaire +
- Mandates04/12/2025DEMISSIONS, NOMINATIONS
- Mandates23/09/2025DEMISSIONS, NOMINATIONS
- Mandates29/04/2025DEMISSIONS, NOMINATIONS
- Mandates03/06/2024DEMISSIONS, NOMINATIONS
- Mandates10/01/2024STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DEMISSIONS, NOMINATIONS
- Mandates08/11/2022DEMISSIONS, NOMINATIONS
- Mandates16/02/2021DEMISSIONS, NOMINATIONS
Similar companies
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 2025-525,8 k €↑
- 2024Annual accounts 2024-647,5 k €↑
- 2023Annual accounts 2023-1,4 M €↓
- 2022Annual accounts 2022-162,3 k €↓
- 2021Annual accounts 2021-115 k €↓
- 2020Annual accounts 202021,3 k €↑
- 2019Annual accounts 2019-472,5 k €↑
- 2018Annual accounts 2018-1,5 M €↓
- 2017Annual accounts 2017-238,8 k €↓
- 2016Annual accounts 2016-211,8 k €↑
- 2015Annual accounts 2015-216,7 k €↓
- 2014Annual accounts 2014645,7 k €↓
- 2013Annual accounts 2013828,2 k €
- 28/12/2012IncorporationPublic limited company