ACTIVE

Fovea IP

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Financial year 2025 · closed on 31/12/2025

Net result

207,4 k €

-88.8% YoY

Revenue

10,1 M €

+46.8% YoY

Equity

30,1 M €

+0.7% YoY

Workforce

11,9 ETP

-4.0% YoY

What does Fovea IP do?

Fovea IP is a Public limited company incorporated in 2021. Its main activity is: Research and experimental development on natural sciences and engineering. Its registered office is in Uccle. It employs on average 11,9 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0780.625.712

Incorporation

20/12/2021

Legal form

Public limited company

Registered office

Chaussée de Waterloo 1135
1180 Uccle · BruxellesSee on map

Contributed capital

38 793 035,00 €

Latest accounts

31/12/2025

Average workforce

11,9 ETP

Activities (NACE)

72109Research and experimental development on natural sciences and engineering· main 72190Other research and experimental development on natural sciences and engineering 74909Other professional, scientific and technical activities n.e.c.74999Other professional, scientific and technical activities n.e.c.70200Management consultancy activities 70220Business and other management consultancy activities+4

Joint committees (1)

2000

Signals

ProfitableSolid equityLow riskPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 4 financial years

	2025		2024		2023		2022
Income statement
Revenue	10,1 M €	+46.8%	6,9 M €		–		3,6 M €
EBITDA	6,6 M €	+64.6%	4 M €	+95.7%	2,1 M €	+34.4%	1,5 M €
Operating result	5,3 M €	+72.6%	3,1 M €	+130%	1,3 M €	+29.1%	1 M €
Net result	207,4 k €	-88.8%	1,8 M €	+1346%	-148,1 k €	+98.4%	-9,3 M €
Balance sheet
Equity	30,1 M €	+0.7%	29,9 M €	+6.6%	28 M €	-0.5%	28,2 M €
Total assets	37,5 M €	+2.6%	36,6 M €	+13.1%	32,4 M €	+1.1%	32 M €
Cash	804,8 k €	-59.4%	2 M €	+1381%	133,8 k €	-88.7%	1,2 M €
Debts	4,8 M €	+13.1%	4,3 M €	+62.8%	2,6 M €	+10.3%	2,4 M €
Other
Workforce	11,9 ETP	-4.0%	12,4 ETP	+4.2%	11,9 ETP	+9.2%	10,9 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 50 M€ and 100 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 7 ended

Active mandates

Bamidol SA SA

Director · since 16 janvier 2024

Represented by Mangen Alphonse

Active

Willem Lagemaat

Director · since 30 décembre 2021

Active

Yacine Harrati

Director · since 30 décembre 2021

Active

Ended mandates

Bamidol SA

Director · since 16 janvier 2024

Represented by Sylvie Theisen

Ended

Patrice Vekemans

Director · since 30 décembre 2021 · until 16 janvier 2024

Ended

Patrice Vekemans

Director · since 30 décembre 2021

Ended

Sylvie Theisen

Director · since 30 décembre 2021

Ended

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Annual accounts

Full financial information

	2025	2024	2023	2022	2022
Type of account	Full model	Full model	Abridged model	Full model	m135-f-p
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	19/01/2022
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	19/01/2022
Length of the financial year	12 months	12 months	12 months	12 months	1 months
Filing date	17/07/2026	31/07/2025	01/08/2024	04/08/2023	21/02/2022
General meeting	19/06/2026	30/06/2025	21/06/2024	16/06/2023	01/01/9999
Currency of the financial year	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

5 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	19/06/2026	17/07/2026	French	PDF
Full model	31/12/2024	30/06/2025	31/07/2025	French	PDF
Abridged model	31/12/2023	21/06/2024	01/08/2024	French	PDF
Full model	31/12/2022	16/06/2023	04/08/2023	French	PDF
m135-f-p	19/01/2022	01/01/9999	21/02/2022	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 50 M€ and 100 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 · 3 active · 7 ended

Active mandates

Bamidol SA SA

Director · since 16 janvier 2024

Represented by Mangen Alphonse

Active

Willem Lagemaat

Director · since 30 décembre 2021

Active

Yacine Harrati

Director · since 30 décembre 2021

Active

Ended mandates

Bamidol SA

Director · since 16 janvier 2024

Represented by Sylvie Theisen

Ended

Patrice Vekemans

Director · since 30 décembre 2021 · until 16 janvier 2024

Ended

Patrice Vekemans

Director · since 30 décembre 2021

Ended

Sylvie Theisen

Director · since 30 décembre 2021

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Capital / shares07/01/2026
CAPITAL, ACTIONS
PDF
Mandates11/12/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates30/12/2024
SIEGE SOCIAL - ADRESSE AUTRE QUE SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF
Mandates05/06/2024
CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS
PDF
Registered office02/05/2022
BENAMING - MAATSCHAPPELIJKE ZETEL - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DIVERSEN
PDF
Restructuring02/05/2022
DENOMINATION - SIEGE SOCIAL - OBJET - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Restructuring25/02/2022
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Restructuring25/02/2022
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, 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

2025
Annual accounts 2025207,4 k €↓
2024
Annual accounts 20241,8 M €↑
2023
Annual accounts 2023-148,1 k €↑
2022
Annual accounts 2022-9,3 M €
20/12/2021
IncorporationPublic limited company

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

Fovea IP

Overview

What does Fovea IP do?

Trend over 4 financial years

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