ACTIVE

INGEXP

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Financial year 2025 · closed on 31/12/2025

Net result

34,4 k €

-17.0% YoY

Gross margin

95,2 k €

-6.2% YoY

Equity

100,5 k €

-0.8% YoY

What does INGEXP do?

INGEXP is a Private limited company incorporated in 2009. Its main activity is: Office administrative and support activities. Its registered office is in Anderlecht.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0809.034.438

Incorporation

13/01/2009

Legal form

Private limited company

Registered office

Rue Félicien Rops 35A box 11
1070 Anderlecht · BruxellesSee on map

Contributed capital

6 200,00 €

Latest accounts

31/12/2025

Activities (NACE)

82100Office administrative and support activities· main 82110Combined office administrative service activities 63920Other information service activities 63990Other information service activities n.e.c.71121Engineering activities and related technical consultancy 71121Engineering activities and related technical consultancy+4

Signals

ProfitableSolid equityLow riskPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009
Income statement
Gross margin	95,2 k €	-6.2%	101,5 k €	+68.8%	60,1 k €	-8.4%	65,6 k €	-0.9%	66,2 k €	+9.3%	60,6 k €	-8.1%	65,9 k €	+6.3%	62 k €	+200%	20,7 k €	-69.5%	67,7 k €	-28.1%	94,1 k €	+46.9%	64,1 k €	-30.3%	91,8 k €	+38.3%	66,4 k €	-5.0%	69,9 k €	-20.9%	88,4 k €	+170%	32,7 k €
EBITDA	89 k €	-9.4%	98,2 k €	+82.9%	53,7 k €	-14.1%	62,5 k €	-5.6%	66,2 k €	+381%	-23,5 k €	-138%	62,2 k €	+4.9%	59,3 k €	+1384%	4 k €	-93.8%	64,4 k €	-25.8%	86,8 k €	+41.6%	61,3 k €	-31.7%	89,8 k €	+40.7%	63,8 k €	-4.7%	66,9 k €	-20.2%	83,8 k €	+174%	30,6 k €
Operating result	62,1 k €	-12.3%	70,8 k €	+158%	27,5 k €	-23.5%	35,9 k €	-12.5%	41 k €	+200%	-40,9 k €	-204%	39,4 k €	+2470%	-1,7 k €	+92.8%	-23,1 k €	-202%	22,7 k €	-45.1%	41,4 k €	+120%	18,8 k €	-66.9%	56,8 k €	+118%	26 k €	+37.4%	18,9 k €	-41.7%	32,4 k €	+119%	14,8 k €
Net result	34,4 k €	-17.0%	41,5 k €	+125%	18,4 k €	-18.5%	22,6 k €	-57.6%	53,3 k €	+197%	-54,7 k €	-366%	20,6 k €	+270%	-12,1 k €	+60.4%	-30,5 k €	-682%	5,2 k €	-70.5%	17,8 k €	+1809%	932,3 €	-97.2%	32,7 k €	+221%	10,2 k €	+240%	3 k €	-79.2%	14,4 k €	+71.1%	8,4 k €
Balance sheet
Equity	100,5 k €	-0.8%	101,3 k €	+69.4%	59,8 k €	-22.5%	77,2 k €	+41.4%	54,6 k €	+3969%	1,3 k €	-97.6%	56,1 k €	+57.9%	35,5 k €	-25.4%	47,6 k €	-39.1%	78,1 k €	+7.2%	72,9 k €	+32.3%	55,1 k €	-25.7%	74,2 k €	+79.0%	41,4 k €	+32.7%	31,2 k €	+7.6%	29 k €	+98.6%	14,6 k €
Total assets	309,1 k €	+3.1%	299,8 k €	+3.0%	291,1 k €	-5.9%	309,4 k €	-6.0%	329,3 k €	-10.7%	368,6 k €	-28.8%	517,5 k €	-1.1%	523,4 k €	+120%	238,1 k €	-21.6%	303,5 k €	-13.0%	348,8 k €	+7.4%	324,6 k €	+72.1%	188,6 k €	+8.5%	173,8 k €	-27.5%	239,7 k €	-4.7%	251,6 k €	+231%	75,9 k €
Cash	36,4 k €	-33.9%	55,1 k €	+59.0%	34,7 k €	+30.1%	26,6 k €	-28.4%	37,2 k €	+245%	10,8 k €	+3264%	320,1 €	-94.8%	6,2 k €	+80.1%	3,4 k €	-87.3%	26,9 k €	+12.9%	23,9 k €	-45.6%	43,8 k €	+26.0%	34,8 k €	+167%	13 k €	-66.6%	39 k €	-14.5%	45,6 k €	+58.5%	28,8 k €
Debts	208,6 k €	+5.1%	198,5 k €	-14.2%	231,3 k €	-0.4%	232,2 k €	-15.5%	274,7 k €	-25.1%	366,5 k €	-20.6%	461,4 k €	-5.3%	487,1 k €	+156%	190,5 k €	-15.5%	225,4 k €	-18.3%	275,9 k €	+2.4%	269,5 k €	+135%	114,5 k €	-13.5%	132,3 k €	-36.5%	208,4 k €	-6.3%	222,6 k €	+263%	61,3 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 2 ended

Active mandates

Pascal HOORNAERT

Director · since 07 janvier 2009

Active

Ended mandates

Pascal Hoornaert

Manager · since 07 janvier 2009

Ended

Pascal HOORNAERT

Director

Ended

At this address

Other companies at this address

Company	CBE no.
Patrick's Management Consulting, Investment & Sales● Active	0683.481.004

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Micro 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	30/04/2026	31/07/2025	30/08/2024	31/08/2023	15/06/2022	31/08/2021
General meeting	01/04/2026	30/06/2025	16/08/2024	25/08/2023	13/06/2022	31/08/2021
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

17 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	01/04/2026	30/04/2026	French	PDF
Abridged model	31/12/2024	30/06/2025	31/07/2025	French	PDF
Abridged model	31/12/2023	16/08/2024	30/08/2024	French	PDF
Micro model	31/12/2022	25/08/2023	31/08/2023	French	PDF
Abridged model	31/12/2021	13/06/2022	15/06/2022	French	PDF
Abridged model	31/12/2020	31/08/2021	31/08/2021	French	PDF
Abridged model	31/12/2019	18/05/2020	02/06/2020	French	PDF
Abridged model	31/12/2018	20/05/2019	30/08/2019	French	PDF
Abridged model	31/12/2017	17/05/2018	08/06/2018	French	PDF
Micro model	31/12/2016	18/05/2017	25/08/2017	French	PDF
Abridged model	31/12/2015	19/05/2016	20/07/2016	French	PDF
Abridged model	31/12/2014	21/05/2015	17/07/2015	French	PDF
Abridged model	31/12/2013	15/05/2014	25/08/2014	French	PDF
Abridged model	31/12/2012	16/05/2013	18/07/2013	French	PDF
Abridged model	31/12/2011	18/05/2012	06/07/2012	French	PDF
Abridged model	31/12/2010	19/05/2011	01/06/2011	French	PDF
Abridged model	31/12/2009	20/05/2010	24/06/2010	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 k€

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 · 2 ended

Active mandates

Pascal HOORNAERT

Director · since 07 janvier 2009

Active

Ended mandates

Pascal Hoornaert

Manager · since 07 janvier 2009

Ended

Pascal HOORNAERT

Director

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates13/11/2023
MODIFICATION FORME JURIDIQUE - OBJET - DEMISSIONS, NOMINATIONS
PDF
Registered office28/05/2018
SIEGE SOCIAL
PDF
Other22/01/2009
RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, 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 202534,4 k €↓
2024
Annual accounts 202441,5 k €↑
2023
Annual accounts 202318,4 k €↓
2022
Annual accounts 202222,6 k €↓
2021
Annual accounts 202153,3 k €↑
2020
Annual accounts 2020-54,7 k €↓
2019
Annual accounts 201920,6 k €↑
2018
Annual accounts 2018-12,1 k €↑
2017
Annual accounts 2017-30,5 k €↓
2016
Annual accounts 20165,2 k €↓
2015
Annual accounts 201517,8 k €↑
2014
Annual accounts 2014932,3 €↓
2013
Annual accounts 201332,7 k €↑
2012
Annual accounts 201210,2 k €↑
2011
Annual accounts 20113 k €↓
2010
Annual accounts 201014,4 k €↑
2009
Annual accounts 20098,4 k €
13/01/2009
IncorporationPrivate 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

INGEXP

Overview

What does INGEXP do?

Trend over 17 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