InSky
0793.925.204 · rovalta.com · 22/09/2026
ACTIVE
InSky
Financial year 2025 · closed on 31/12/2025
Net result
-24 M €
-84.7% YoY
Equity
-35,1 M €
-216.8% YoY
Workforce
167,2 ETP
+107.7% YoY
Overview
What does InSky do?
InSky is a Public limited company incorporated in 2022. Its main activity is: Wired telecommunications activities. Its registered office is in Bruxelles. It employs on average 167,2 ETP workers (FTE).
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0793.925.204
Incorporation
24/11/2022
Legal form
Public limited company
Registered office
Rue de l'Hôpital 31
1000 Bruxelles · BruxellesSee on map
1000 Bruxelles · BruxellesSee on map
Contributed capital
5 000 000,00 €
Latest accounts
31/12/2025
Average workforce
167,2 ETP
Activities (NACE)
61100Wired telecommunications activities· main61200Wireless telecommunications activities63100Data processing, hosting and related activities; web portals63110Data processing, hosting and related activities42220Construction of utility projects for electricity and telecommunications42220Construction of utility projects for electricity and telecommunications+6
Joint committees (2)
- 200
- 2000
Signals
Healthy social debts
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Financials
Trend over 3 financial years
| 2025 | 2024 | 2023 | |||
|---|---|---|---|---|---|
| Income statement | |||||
| Gross margin | – | – | -2,6 M € | ||
| EBITDA | -17,2 M € | -54.6% | -11,1 M € | -264% | -3 M € |
| Operating result | -19,7 M € | -66.8% | -11,8 M € | -283% | -3,1 M € |
| Net result | -24 M € | -84.7% | -13 M € | -323% | -3,1 M € |
| Balance sheet | |||||
| Equity | -35,1 M € | -217% | -11,1 M € | -676% | 1,9 M € |
| Total assets | 110,2 M € | +51.6% | 72,7 M € | +772% | 8,3 M € |
| Cash | 7,3 k € | -95.0% | 144 k € | +647% | 19,3 k € |
| Debts | 143,1 M € | +73.2% | 82,6 M € | +1188% | 6,4 M € |
| Other | |||||
| Workforce | 167,2 ETP | +108% | 80,5 ETP | +1101% | 6,7 ETP |
Governance
Board of directors
Seen on filing of 31/12/2025 · 6 active · 3 ended
Active mandates
Active
Florin Ungureanu
ActiveActive
Active
Serghei Bulgac
ActiveValentin Popoviciu
ActiveEnded mandates
At this address
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Financials
Annual accounts
Full financial information
| 2025 | 2024 | 2023 | |
|---|---|---|---|
| Type of account | Full model | Full model | Abridged model |
| Start of the financial year | 01/01/2025 | 01/01/2024 | 24/11/2022 |
| Closing of the financial year | 31/12/2025 | 31/12/2024 | 31/12/2023 |
| Length of the financial year | 12 months | 12 months | 14 months |
| Filing date | 28/08/2026 | 28/10/2025 | 31/07/2024 |
| General meeting | 26/08/2026 | 24/10/2025 | 29/07/2024 |
| Currency of the financial year | EUR | EUR | EUR |
| NBB quality label | Satisfying controls | Satisfying controls | Satisfying controls |
Ratios
Financial ratios
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Annual accounts filings
3 filings with the NBB
Valuation
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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Governance
Board of directors
Seen on filing of 31/12/2025 · 6 active · 3 ended
Active mandates
Active
Florin Ungureanu
ActiveActive
Active
Serghei Bulgac
ActiveValentin Popoviciu
ActiveEnded mandates
Shareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
- Capital / shares24/04/2026STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN
- Mandates02/02/2026ONTSLAGEN - BENOEMINGEN
- Registered office16/09/2025STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - MAATSCHAPPELIJKE ZETEL
- Other28/11/2022RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
Source: Belgian Official Gazette
Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 30/03/2026augmentation_capital
- 2025Annual accounts 2025-24 M €↓
- 24/10/2025nominationTovi — A-bestuurder
- 2024Annual accounts 2024-13 M €↓
- 2023Annual accounts 2023-3,1 M €
- 24/11/2022IncorporationPublic limited company