ACTIVE

INCIZE

Export PDF
Financial year 2025 · closed on 31/12/2025
Net result
5,1 k €
+42.2% YoY
Gross margin
2,1 M €
+29.0% YoY
Equity
877,1 k €
+0.6% YoY
Workforce
3,0 ETP

What does INCIZE do?

INCIZE is a Private limited company incorporated in 2014. Its main activity is: Research and experimental development on natural sciences and engineering. Its registered office is in Ottignies-Louvain-la-Neuve. It employs on average 3,0 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0548.752.952
Incorporation
14/03/2014
Legal form
Private limited company
Registered office
Chemin du Cyclotron 6
1348 Ottignies-Louvain-la-Neuve · WallonieSee on map
Contributed capital
18 600,00 €
Latest accounts
31/12/2025
Average workforce
3,0 ETP
Activities (NACE)
72101Research and experimental development on natural sciences and engineering· main72109Research and experimental development on natural sciences and engineering72110Research and experimental development on biotechnology72190Other research and experimental development on natural sciences and engineering72109Research and experimental development on natural sciences and engineering72190Other research and experimental development on natural sciences and engineering+2
Contacts
1 public detail availableLog in to view
Signals
ProfitableSolid equityPositive cashflowPositive EBITDA
View the BCE/KBO Public Search record →
Health score
Available with a Rovalta subscriptionTry for 7 days
Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 11 financial years

20252024202320222021202020192018201720162015
Income statement
Gross margin2,1 M €1,6 M €2,2 M €1,1 M €741,5 k €688 k €498,8 k €559,1 k €247,8 k €59,5 k €193,5 k €
EBITDA766,5 k €644,3 k €1,1 M €72,3 k €56,2 k €78,6 k €92 k €251,4 k €24,8 k €-74,6 k €114,1 k €
Operating result62,5 k €49 k €757,1 k €26,8 k €21,1 k €43,9 k €61,6 k €229,7 k €5 k €-98,7 k €90,5 k €
Net result5,1 k €3,6 k €723,9 k €6,9 k €1,3 k €40,7 k €55,5 k €227,2 k €581,9 €-102,3 k €88,6 k €
Balance sheet
Equity877,1 k €872 k €868,4 k €144,5 k €137,6 k €136,3 k €95,6 k €252,6 k €25,4 k €24,8 k €107,2 k €
Total assets2,8 M €2 M €1,9 M €1,2 M €871,3 k €854,2 k €613,4 k €590,4 k €178,7 k €236,6 k €234,5 k €
Cash––47,6 k €21,3 k €4,7 k €112 k €7,7 k €77,5 k €13,1 k €123,1 k €87,8 k €
Debts1,9 M €1,2 M €990,3 k €1 M €733,8 k €717,9 k €517,8 k €337,8 k €153,3 k €211,7 k €127,3 k €
Other
Workforce3,0 ETP–––––––––2,0 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 2 ended

Active mandates

MOSTAFA EMAM

Director

Active

Ended mandates

Mostafa Monsieur EMAM

Manager · since 23 mars 2014

Ended
MOSTAFA EMAM

Manager

Ended
At this address

Other companies at this address

CompanyCBE no.
4LowTech● Active
1029.852.958
ADVISTA● Active
0685.802.866
ARCADIA● Active
0447.939.169
ArteCom● Active
0446.669.756
ARTEMIS MEDICAL● Active
0449.511.856
Association AMICOM: Forum des Experts sur les RF MEMS et Microsystèmes RF● Active
0807.897.162
ATLANTIC CONSULTING● Active
0687.515.511
Belgian Academy for Global And Innovative Training● Active
1016.535.749
BIG FAMILY● Active
0730.857.287
BOXAMO● Active
0780.526.336
Brain Consult● Active
0540.547.544
BUSINESS PROJECTS SUPPORT OPERATIONS● Active
0888.521.186
CAPY● Active
1009.663.003
Centre d'entreprises et d'innovation de Louvain la Neuve● Active
0865.087.471
Centre d'entreprises et d'innovation Louvain ASBL● Active
0841.996.523
Datatopia● Active
0789.754.994
DELOS MANAGEMENT SRL● Active
0765.652.969
Earth Observation Impact for Common Goods● Active
1040.827.717
Eléonore Collys Avocate● Active
1023.272.695
ENERGIS● Active
0676.634.881
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelMicro 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 date14/08/202626/06/202520/05/202431/08/202306/09/202228/09/2021
General meeting07/05/202601/05/202502/05/202401/06/202305/05/202206/05/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

Looking for more information about this company?

Try for 7 days
Filings

Annual accounts filings

12 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202507/05/202614/08/2026FrenchPDF
Abridged model31/12/202401/05/202526/06/2025FrenchPDF
Abridged model31/12/202302/05/202420/05/2024FrenchPDF
Abridged model31/12/202201/06/202331/08/2023FrenchPDF
Abridged model31/12/202105/05/202206/09/2022FrenchPDF
Micro model31/12/202006/05/202128/09/2021FrenchPDF
Micro modelCorrection31/12/201907/05/202012/07/2021FrenchPDF
Micro model31/12/201904/05/202009/10/2020FrenchPDF
Micro model31/12/201804/05/201930/08/2019FrenchPDF
Micro model31/12/201704/05/201805/06/2018FrenchPDF
Micro model31/12/201604/05/201705/05/2017FrenchPDF
Abridged model31/12/201506/05/201610/05/2016FrenchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 5 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 · 2 ended

Active mandates

MOSTAFA EMAM

Director

Active

Ended mandates

Mostafa Monsieur EMAM

Manager · since 23 mars 2014

Ended
MOSTAFA EMAM

Manager

Ended
Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days
Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates26/02/2024
    MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
    PDF
  • Other02/04/2014
    RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
    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 20255,1 k €↑
  2. 2024
    Annual accounts 20243,6 k €↓
  3. 2023
    Annual accounts 2023723,9 k €↑
  4. 2022
    Annual accounts 20226,9 k €↑
  5. 2021
    Annual accounts 20211,3 k €↓
  6. 2020
    Annual accounts 202040,7 k €↓
  7. 2019
    Annual accounts 201955,5 k €↓
  8. 2018
    Annual accounts 2018227,2 k €↑
  9. 2017
    Annual accounts 2017581,9 €↑
  10. 2016
    Annual accounts 2016-102,3 k €↓
  11. 2015
    Annual accounts 201588,6 k €
  12. 14/03/2014
    IncorporationPrivate limited company