ACTIVE

imec.istart Fund

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Financial year 2025 · Closed on 31/12/2025

Net result-2,5 M €+13,7 %over 1 year

Gross margin-240 k €-6,2 %over 1 year

Equity1,2 M €-0,7 %over 1 year

Workforce0,0 ETP

Identity

Source · BCE/KBO

imec.istart Fund is a Public limited company incorporated in 2017. Its registered office is in Leuven.

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0672.768.937
Incorporation: 16/03/2017
Legal form: Public limited company
Registered office: Kapeldreef 75
3001 Leuven · FlandreSee on map
Contributed capital: 23 012 075,00 €
Latest accounts: 31/12/2025
Average workforce: 0,0 ETP

Signals

Solid equityLow riskGood liquidity

Financials

Source · NBB, 9 filings

Trend over 8 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	-240 k €	-6.2%	-225,9 k €	-18.2%	-191,1 k €	+11.5%	-215,8 k €	-5.4%	-204,7 k €
EBITDA	-449,5 k €	-13.1%	-397,5 k €	+24.6%	-527,1 k €	-122%	-237,5 k €	-16.0%	-204,7 k €
Operating result	-449,5 k €	-13.1%	-397,5 k €	+24.6%	-527,1 k €	-122%	-237,5 k €	-16.0%	-204,7 k €
Net result	-2,5 M €	+13.7%	-2,9 M €	-59.4%	-1,8 M €	+35.1%	-2,8 M €	+21.9%	-3,6 M €
Balance sheet
Equity	1,2 M €	-0.7%	1,2 M €	-60.3%	3 M €	+13.1%	2,6 M €	-48.3%	5,1 M €
Total assets	1,2 M €	-0.4%	1,2 M €	-60.2%	3 M €	+11.3%	2,7 M €	-47.5%	5,1 M €
Cash	590,1 k €	-35.2%	910,7 k €	-69.3%	3 M €	+14.3%	2,6 M €	-49.0%	5,1 M €
Debts	5,3 k €	+598%	755,6 €		0 €	-100%	41,4 k €	+329%	9,7 k €
Other
Workforce	0,0 ETP		0,0 ETP		0,0 ETP		–		–

Valuation

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

11 active · 8 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
EFIN0472.244.597Represented by David DE BRABANT	Director20/03/2023 → 20/03/2029
Telenet Group0462.925.669Represented by Mattias VANDEROOST	Director20/03/2023 → 20/03/2029
BNP Paribas Fortis0403.199.702Represented by Raf Spinoy	Director01/01/2023 → 01/01/2029
ING BELGIQUE0403.200.393Represented by Bertrand Soenen	Director01/01/2023 → 01/01/2029
Vlaamse Gewest0220.819.807Represented by Roeland VAN ROOSBROECK	Director01/01/2023 → 01/01/2029
imec.istart Partners0671.820.119Represented by Sven De Cleyn	Managing director15/03/2017 → 30/05/2028
De Cronos Groep0467.132.994Represented by Wim Bijnens	Director04/05/2021 → 31/05/2027
Filip Merckx	Chairman of the board of directors15/03/2017 → 31/05/2027
Johan De Boeck	Director15/03/2017 → 31/05/2027
Koen Verhaert	Director04/05/2021 → 31/05/2027
Ludo Kelchtermans	Director04/05/2021 → 31/05/2027

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Bart Ballon	Director04/05/2021 → 2022 accounts
Jozef Behiels	Director04/05/2021 → 2022 accounts
Kenny Hendryckx	Director04/05/2021 → 2023 accounts

Other companies at this address

Kapeldreef 75 3001 Leuven

Company	CBE no.
APPLIED MATERIALS BELGIUM● Active	0452.877.162
ASM Belgium● Active	0468.489.808
COOPERATIEF ONDERNEMEN IN RATIONEEL ENERGIEGEBRUIK● Active	0845.955.806
European Design and Automation Association● Active	0886.958.892
FIDIMEC● Active	0471.513.733
FINLAB● Active	0425.285.315
imec EU pilot line● Active	1004.987.603
IMEC GROEP BTW eenheid● Active	0834.775.664
IMEC International● Active	0817.807.097
imec.istart Partners● Active	0671.820.119
IMEC MNO Group● Active	1014.026.518
imec.xpand● Active	0671.931.371
imec.xpand II● Active	0784.720.102
International Microelectronics and Packaging Society - Benelux● Active	0416.290.841
Interuniversitair Micro-Electronica Centrum● Active	0425.260.668
Lam Research Belgium● Active	0561.862.008
Micron Technology Belgium● Active	0821.825.075
Roger Van Overstraeten Society● Active	0472.880.542
Vereniging van Leraars in de Wetenschappen● Active	0410.880.122
XPAND Partners● Active	0671.820.020

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged 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	16/07/2026	30/07/2025	29/05/2024	31/05/2023	24/06/2022	22/06/2021
General meeting	26/05/2026	30/06/2025	28/05/2024	30/05/2023	24/05/2022	25/05/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 9 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	26/05/2026	16/07/2026	Dutch	PDF
Abridged model	31/12/2024	30/06/2025	30/07/2025	Dutch	PDF
Abridged model	31/12/2023	28/05/2024	29/05/2024	Dutch	PDF
Abridged model	31/12/2022	30/05/2023	31/05/2023	Dutch	PDF
Abridged model	31/12/2021	24/05/2022	24/06/2022	Dutch	PDF
Abridged model	31/12/2020	25/05/2021	22/06/2021	Dutch	PDF
Abridged model	31/12/2019	26/05/2020	24/06/2020	Dutch	PDF
Abridged model	31/12/2018	28/05/2019	24/06/2019	Dutch	PDF
Abridged model	31/12/2017	29/05/2018	20/06/2018	Dutch	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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.

Board of directors

Source · NBB, accounts to 31/12/2025

11 active · 8 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
EFIN0472.244.597Represented by David DE BRABANT	Director20/03/2023 → 20/03/2029
Telenet Group0462.925.669Represented by Mattias VANDEROOST	Director20/03/2023 → 20/03/2029
BNP Paribas Fortis0403.199.702Represented by Raf Spinoy	Director01/01/2023 → 01/01/2029
ING BELGIQUE0403.200.393Represented by Bertrand Soenen	Director01/01/2023 → 01/01/2029
Vlaamse Gewest0220.819.807Represented by Roeland VAN ROOSBROECK	Director01/01/2023 → 01/01/2029
imec.istart Partners0671.820.119Represented by Sven De Cleyn	Managing director15/03/2017 → 30/05/2028
De Cronos Groep0467.132.994Represented by Wim Bijnens	Director04/05/2021 → 31/05/2027
Filip Merckx	Chairman of the board of directors15/03/2017 → 31/05/2027
Johan De Boeck	Director15/03/2017 → 31/05/2027
Koen Verhaert	Director04/05/2021 → 31/05/2027
Ludo Kelchtermans	Director04/05/2021 → 31/05/2027

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Bart Ballon	Director04/05/2021 → 2022 accounts
Jozef Behiels	Director04/05/2021 → 2022 accounts
Kenny Hendryckx	Director04/05/2021 → 2023 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates27/01/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates29/11/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates05/09/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates10/05/2021
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DOEL - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
PDF
Mandates12/10/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates25/06/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates24/09/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates19/01/2018
ONTSLAGEN - BENOEMINGEN
PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings8 filings

Mandates

Telenet Group

EFIN

Vlaamse Gewest

BNP Paribas Fortis

ING BELGIQUE

imec.istart Partners

De Cronos Groep

Filip Merckx

Ludo Kelchtermans

Johan De Boeck

Koen Verhaert

Paul De Fauw

Show the 7 other mandates

2017201820192020202120222023202420252026202720282029

imec.istart Fund

Kapeldreef 75, 3001 Heverlee

Director

Managing director

Director

Chairman of the board of directors

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Kapeldreef 75, 3001 HeverleeCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00303120

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
imec.istart FundCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00303120

Events

2025
Annual accounts 2025-2,5 M €↑
2024
Annual accounts 2024-2,9 M €↓
2023
Annual accounts 2023-1,8 M €↑
2022
Annual accounts 2022-2,8 M €↑
2021
Annual accounts 2021-3,6 M €↓
2019
Annual accounts 2019-1,8 M €↓
2018
Annual accounts 2018-1,6 M €↓
2017
Annual accounts 2017-894,7 k €
16/03/2017
IncorporationPublic limited company

imec.istart Fund

Overview

Identity

Financials

Valuation

Indicative valuation

Board of directors

Other companies at this address

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

Timeline

Registered offices

Company names

Events