ACTIVE

IGEL TECHNOLOGY BVBA

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Financial year 2025 · closed on 31/12/2025
Net result
14,5 k €
-4.1% YoY
Gross margin
277,2 k €
+9.8% YoY
Equity
26,2 k €
+123.8% YoY
Workforce
2,0 ETP
0.0% YoY

What does IGEL TECHNOLOGY BVBA do?

IGEL TECHNOLOGY BVBA is a Private limited company incorporated in 2013. Its registered office is in Leuven. It employs on average 2,0 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0536.214.119
Incorporation
19/06/2013
Legal form
Private limited company
Registered office
Interleuvenlaan 62
3001 Leuven · FlandreSee on map
Contributed capital
18 600,00 €
Latest accounts
31/12/2025
Average workforce
2,0 ETP
Joint committees (2)
  • 200
  • 218
Signals
ProfitableGood liquidityPositive cashflowPositive EBITDAHealthy social debts
View the BCE/KBO Public Search record →
Health score
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Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 13 financial years

2025202420232022202120202019201820172016201520142013
Income statement
Gross margin277,2 k €252,4 k €335,1 k €363,8 k €47,7 k €100,4 k €470 k €162,9 k €329 k €223,6 k €275,2 k €488,9 k €15,9 k €
EBITDA3,6 k €6,1 k €2 k €43,5 k €-188,3 k €-167,2 k €179,6 k €-40,8 k €121,2 k €51,9 k €175,2 k €374 k €5,5 k €
Operating result3,2 k €5,5 k €29,2 k €32,4 k €-194,1 k €-168,2 k €178,3 k €-42,6 k €119,7 k €50,5 k €173,9 k €373,2 k €5,5 k €
Net result14,5 k €15,1 k €22,1 k €23,6 k €-222,7 k €-169,7 k €137,1 k €-40,1 k €77,6 k €31,4 k €114,1 k €245,9 k €3,6 k €
Balance sheet
Equity26,2 k €11,7 k €-3,4 k €-25,5 k €-49,1 k €167,3 k €337 k €199,9 k €240 k €162,4 k €131 k €261,9 k €16 k €
Total assets609,5 k €850,1 k €745,8 k €595 k €796,8 k €785 k €1,1 M €466,5 k €404,6 k €332,9 k €327 k €484,9 k €130,6 k €
Cash59,6 k €171,3 k €275,1 k €83,9 k €497,7 k €272,8 k €37,6 k €109,6 k €22,5 k €48,3 k €90,2 k €45,8 k €57,5 k €
Debts74,7 k €103,8 k €109,3 k €74,3 k €254,4 k €293,7 k €584,2 k €227,3 k €142,6 k €166,5 k €194,9 k €223,1 k €114,6 k €
Other
Workforce2,0 ETP2,0 ETP2,6 ETP2,6 ETP2,0 ETP2,3 ETP2,0 ETP2,0 ETP––1,0 ETP1,0 ETP0,2 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 9 ended

Active mandates

Thomas Frey

Andere functie · since 13 mai 2024

Active
Matthias Stefan Haas

Director · since 23 mars 2021

Active

Ended mandates

Margrit Christiane Ohlgart

Director · since 13 décembre 2021 · until 13 mai 2024

Ended
Margrit Christiane Ohlgart

Director · since 13 décembre 2021

Ended
Gerardus Marinus Van Os

Director · since 23 janvier 2020 · until 13 décembre 2021

Ended
Gerardus Marinus Van Os

Director · since 23 janvier 2020

Ended
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Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date12/05/202627/08/202520/06/202412/05/202301/07/202201/07/2021
General meeting24/04/202627/06/202504/06/202414/04/202310/06/202201/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

13 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202524/04/202612/05/2026DutchPDF
Abridged model31/12/202427/06/202527/08/2025DutchPDF
Abridged model31/12/202304/06/202420/06/2024DutchPDF
Abridged model31/12/202214/04/202312/05/2023DutchPDF
Abridged model31/12/202110/06/202201/07/2022DutchPDF
Abridged model31/12/202001/06/202101/07/2021DutchPDF
Abridged model31/12/201902/06/202003/07/2020DutchPDF
Abridged model31/12/201804/06/201912/06/2019DutchPDF
Micro model31/12/201705/06/201812/06/2018DutchPDF
Micro model31/12/201606/06/201708/06/2017DutchPDF
Abridged model31/12/201521/03/201629/04/2016DutchPDF
Abridged model31/12/201407/04/201523/04/2015GermanPDF
Abridged model31/12/201303/06/201429/07/2014DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 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 · 2 active · 9 ended

Active mandates

Thomas Frey

Andere functie · since 13 mai 2024

Active
Matthias Stefan Haas

Director · since 23 mars 2021

Active

Ended mandates

Margrit Christiane Ohlgart

Director · since 13 décembre 2021 · until 13 mai 2024

Ended
Margrit Christiane Ohlgart

Director · since 13 décembre 2021

Ended
Gerardus Marinus Van Os

Director · since 23 janvier 2020 · until 13 décembre 2021

Ended
Gerardus Marinus Van Os

Director · since 23 janvier 2020

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates24/07/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates15/12/2021
    WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates07/06/2021
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates26/04/2019
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates11/04/2016
    Ontslag - benoeming zaakvoerder
    PDF
  • Other09/07/2013
    Oprichting
    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

Timeline

  1. 2025
    Annual accounts 202514,5 k €↓
  2. 2024
    Annual accounts 202415,1 k €↓
  3. 2023
    Annual accounts 202322,1 k €↓
  4. 2022
    Annual accounts 202223,6 k €↑
  5. 2021
    Annual accounts 2021-222,7 k €↓
  6. 2020
    Annual accounts 2020-169,7 k €↓
  7. 2019
    Annual accounts 2019137,1 k €↑
  8. 2018
    Annual accounts 2018-40,1 k €↓
  9. 2017
    Annual accounts 201777,6 k €↑
  10. 2016
    Annual accounts 201631,4 k €↓
  11. 2015
    Annual accounts 2015114,1 k €↓
  12. 2014
    Annual accounts 2014245,9 k €↑
  13. 2013
    Annual accounts 20133,6 k €
  14. 19/06/2013
    IncorporationPrivate limited company