ACTIVE

ICN DEVELOPMENT

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Financial year 2025 · closed on 31/12/2025
Net result
-631,2 k €
+65.5% YoY
Gross margin
-332,8 k €
+89.6% YoY
Equity
-2,6 M €
-32.5% YoY
Workforce
1,3 ETP
+333.3% YoY

What does ICN DEVELOPMENT do?

ICN DEVELOPMENT is a Private limited company incorporated in 2017. Its main activity is: Development of building projects. Its registered office is in Bruxelles. It employs on average 1,3 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0669.908.823
Incorporation
24/01/2017
Legal form
Private limited company
Registered office
Rue Joseph Stevens 7
1000 Bruxelles · BruxellesSee on map
Contributed capital
20 000,00 €
Latest accounts
31/12/2025
Average workforce
1,3 ETP
Activities (NACE)
41101Development of building projects· main68121Buying and selling of own real estate70200Management consultancy activities70220Business and other management consultancy activities
Joint committees (4)
  • 100
  • 1000
  • 200
  • 2000
View the BCE/KBO Public Search record →
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✦ Verdict · Analyst summary
Financials

Trend over 7 financial years

2025202420232022202120192018
Income statement
Gross margin-332,8 k €-3,2 M €3,6 M €1,8 M €1,4 M €613,4 k €764,5 k €
EBITDA-420,6 k €-3,1 M €3,2 M €493,3 k €222,2 k €135,4 k €168,7 k €
Operating result-470,2 k €-1,8 M €225,8 k €201,1 k €123 k €62,4 k €122,5 k €
Net result-631,2 k €-1,8 M €-169,3 k €24,4 k €-7,4 k €3,5 k €25,3 k €
Balance sheet
Equity-2,6 M €-1,9 M €-112,1 k €57,2 k €32,8 k €48,8 k €45,3 k €
Total assets5,4 M €5,2 M €7 M €6,5 M €5,8 M €1,7 M €1,2 M €
Cash384,9 k €94,2 k €120,3 k €52 k €68,5 k €162,4 k €7,4 k €
Debts7,9 M €7,1 M €7 M €6,4 M €5,8 M €1,5 M €1,1 M €
Other
Workforce1,3 ETP0,3 ETP2,3 ETP11,6 ETP13,2 ETP8,0 ETP4,8 ETP
Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 8 ended

Active mandates

Nikolaas Coenegrachts

Director · since 02 juillet 2024

Active

Ended mandates

Nikolaas Coenegrachts

Director · since 24 janvier 2017

Ended
Jan Coenegrachts

Director · since 23 janvier 2017

Ended
Jan Coenegrachts

Manager · since 23 janvier 2017

Ended
Nikolaas Coenegrachts

Director · since 23 janvier 2017

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 date31/08/202629/08/202520/08/202424/10/202317/10/202231/08/2021
General meeting30/08/202629/08/202512/08/202409/10/202323/09/202227/08/2021
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

8 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202530/08/202631/08/2026FrenchPDF
Abridged model31/12/202429/08/202529/08/2025FrenchPDF
Abridged model31/12/202312/08/202420/08/2024FrenchPDF
Abridged model31/12/202209/10/202324/10/2023DutchPDF
Abridged model31/12/202123/09/202217/10/2022DutchPDF
Abridged model31/12/202027/08/202131/08/2021DutchPDF
Abridged model31/12/201920/06/202016/07/2020DutchPDF
Abridged model31/12/201820/06/201921/10/2019DutchPDF
Estimate

Indicative valuation

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 · 8 ended

Active mandates

Nikolaas Coenegrachts

Director · since 02 juillet 2024

Active

Ended mandates

Nikolaas Coenegrachts

Director · since 24 janvier 2017

Ended
Jan Coenegrachts

Director · since 23 janvier 2017

Ended
Jan Coenegrachts

Manager · since 23 janvier 2017

Ended
Nikolaas Coenegrachts

Director · since 23 janvier 2017

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates04/07/2024
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office01/07/2024
    MAATSCHAPPELIJKE ZETEL - WIJZIGING RECHTSVORM
    PDF
  • Mandates26/10/2022
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other26/01/2017
    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

Timeline

  1. 2025
    Annual accounts 2025-631,2 k €↑
  2. 2024
    Annual accounts 2024-1,8 M €↓
  3. 2023
    Annual accounts 2023-169,3 k €↓
  4. 2022
    Annual accounts 202224,4 k €↑
  5. 2021
    Annual accounts 2021-7,4 k €↓
  6. 2019
    Annual accounts 20193,5 k €↓
  7. 2018
    Annual accounts 201825,3 k €
  8. 24/01/2017
    IncorporationPrivate limited company