ACTIVE

iCana

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Financial year 2025 · closed on 31/12/2025

Net result

-1,4 M €

+65.3% YoY

Gross margin

-1,2 M €

+17.5% YoY

Equity

-300,8 k €

+63.1% YoY

Workforce

2,0 ETP

-85.0% YoY

What does iCana do?

iCana is a Private limited company incorporated in 2019. Its main activity is: Manufacture of communication equipment. Its registered office is in Leuven. It employs on average 2,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0719.379.219

Incorporation

24/01/2019

Legal form

Private limited company

Registered office

Interleuvenlaan 62
3001 Leuven · FlandreSee on map

Contributed capital

11 238 280,00 €

Latest accounts

31/12/2025

Average workforce

2,0 ETP

Activities (NACE)

26300Manufacture of communication equipment· main 26300Manufacture of communication equipment 71121Engineering activities and related technical consultancy 71121Engineering activities and related technical consultancy 61100Wired telecommunications activities 61100Wired telecommunications activities+3

Joint committees (4)

100
1000
200
2000

Signals

Healthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 7 financial years

	2025		2024		2023		2022		2021		2020		2019
Income statement
Gross margin	-1,2 M €	+17.5%	-1,4 M €	+16.1%	-1,7 M €	-232%	1,3 M €	+557%	-279,7 k €	+24.7%	-371,3 k €	-898%	-37,2 k €
EBITDA	-1,4 M €	+65.9%	-4,2 M €	-18.7%	-3,5 M €	-5041%	71,2 k €	+106%	-1,2 M €	-29.4%	-931,3 k €	-470%	-163,5 k €
Operating result	-1,4 M €	+65.9%	-4,2 M €	-14.6%	-3,6 M €	-51143%	-7,1 k €	+99.4%	-1,2 M €	-29.1%	-945,2 k €	-460%	-168,9 k €
Net result	-1,4 M €	+65.3%	-4,1 M €	-13.1%	-3,6 M €	-9920%	-36,2 k €	+97.0%	-1,2 M €	-29.3%	-945,5 k €	-459%	-169,3 k €
Balance sheet
Equity	-300,8 k €	+63.1%	-815,1 k €	+5.6%	-863,8 k €	-131%	2,8 M €	+219%	-2,3 M €	-112%	-1,1 M €	-627%	-150,7 k €
Total assets	154,7 k €	-68.1%	485,2 k €	-28.1%	675,1 k €	-77.8%	3 M €	+3236%	91,1 k €	+4.0%	87,7 k €	-33.3%	131,4 k €
Cash	97 k €	-50.7%	196,6 k €	+89.5%	103,8 k €	-70.6%	352,8 k €	+484%	60,4 k €	+101%	30,1 k €	-60.7%	76,7 k €
Debts	455,3 k €	-65.0%	1,3 M €	-13.4%	1,5 M €	+473%	261,9 k €	-89.1%	2,4 M €	+104%	1,2 M €	+338%	270 k €
Other
Workforce	2,0 ETP	-85.0%	13,3 ETP	-5.0%	14,0 ETP	+42.9%	9,8 ETP	+12.6%	8,7 ETP	+81.2%	4,8 ETP	+269%	1,3 ETP

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 5 ended

Active mandates

Chien-Chen Hsieh

Director · since 16 septembre 2024

Active

Ying-Shih HUANG

Director · since 17 mars 2022

Active

Ended mandates

Da-Long Jeng

Director · since 16 septembre 2024

Ended

Chiang SHANG-YI

Director · since 08 mai 2023

Ended

Chan Kien Teck

Director · since 24 janvier 2019 · until 17 mars 2022

Ended

Chan Kien Teck

Director · since 24 janvier 2019

Ended

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Annual accounts

Full financial information

	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	31/07/2026	18/07/2025	16/07/2024	16/06/2023	15/09/2022	17/08/2021
General meeting	30/07/2026	30/06/2025	17/06/2024	15/06/2023	15/06/2022	03/06/2021
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

Ratios

Financial ratios

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Filings

Annual accounts filings

7 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	30/07/2026	31/07/2026	Dutch	PDF
Abridged model	31/12/2024	30/06/2025	18/07/2025	Dutch	PDF
Abridged model	31/12/2023	17/06/2024	16/07/2024	Dutch	PDF
Abridged model	31/12/2022	15/06/2023	16/06/2023	Dutch	PDF
Abridged model	31/12/2021	15/06/2022	15/09/2022	Dutch	PDF
Abridged model	31/12/2020	03/06/2021	17/08/2021	Dutch	PDF
Abridged model	31/12/2019	15/06/2020	04/11/2020	Dutch	PDF

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 · 2 active · 5 ended

Active mandates

Chien-Chen Hsieh

Director · since 16 septembre 2024

Active

Ying-Shih HUANG

Director · since 17 mars 2022

Active

Ended mandates

Da-Long Jeng

Director · since 16 septembre 2024

Ended

Chiang SHANG-YI

Director · since 08 mai 2023

Ended

Chan Kien Teck

Director · since 24 janvier 2019 · until 17 mars 2022

Ended

Chan Kien Teck

Director · since 24 janvier 2019

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates31/07/2026
ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
PDF
Mandates05/03/2026
ONTSLAGEN - BENOEMINGEN
PDF
Registered office04/02/2025
MAATSCHAPPELIJKE ZETEL
PDF
Mandates25/11/2024
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares07/03/2024
KAPITAAL - AANDELEN
PDF
Mandates13/11/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates26/06/2023
ONTSLAGEN - BENOEMINGEN
PDF
Other18/07/2022
DIVERSEN
PDF

Source: Belgian Official Gazette

Competition

Similar companies

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

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2025
Annual accounts 2025-1,4 M €↑
2024
Annual accounts 2024-4,1 M €↓
2023
Annual accounts 2023-3,6 M €↓
2022
Annual accounts 2022-36,2 k €↑
2021
Annual accounts 2021-1,2 M €↓
2021
Name changeICANA
2020
Annual accounts 2020-945,5 k €↓
2019
Annual accounts 2019-169,3 k €
24/01/2019
IncorporationPrivate limited company
2019
Name changearQana Technologies

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

iCana

Overview

What does iCana do?

Trend over 7 financial years

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