ACTIVE

InsPyro

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Financial year 2025 · closed on 31/12/2025

Net result

124,5 k €

+84.8% YoY

Gross margin

641 k €

+26.4% YoY

Equity

454,2 k €

+5.5% YoY

Workforce

6,2 ETP

+8.8% YoY

What does InsPyro do?

InsPyro is a Public limited company incorporated in 2009. Its main activity is: Engineering activities and related technical consultancy. Its registered office is in Leuven. It employs on average 6,2 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0810.136.575

Incorporation

20/02/2009

Legal form

Public limited company

Registered office

Ambachtenlaan 54
3001 Leuven · FlandreSee on map

Contributed capital

112 255,83 €

Latest accounts

31/12/2025

Average workforce

6,2 ETP

Activities (NACE)

71121Engineering activities and related technical consultancy· main 71121Engineering activities and related technical consultancy 74909Other professional, scientific and technical activities n.e.c.74999Other professional, scientific and technical activities n.e.c.72109Research and experimental development on natural sciences and engineering 72190Other research and experimental development on natural sciences and engineering+4

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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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	641 k €	+26.4%	507 k €	+30.8%	387,5 k €	+26.6%	306,1 k €	-11.7%	346,6 k €	+18.9%	291,6 k €	+15.4%	252,6 k €	+50.5%	167,9 k €	+88.7%	89 k €	+55.5%	57,2 k €	+546%	-12,8 k €	-139%	32,9 k €	-64.3%	92,1 k €	+11.0%	83 k €	+13535%	608,9 €	+110%	-6 k €	-133%	18,3 k €
EBITDA	179,3 k €	+79.9%	99,7 k €	+0.5%	99,2 k €	+163%	37,7 k €	-43.6%	66,8 k €	+205%	21,9 k €	-68.0%	68,6 k €	-20.4%	86,2 k €	+104%	42,2 k €	+11.2%	37,9 k €	+384%	-13,3 k €	-173%	18,4 k €	-54.5%	40,5 k €	+26.2%	32,1 k €	+360%	-12,3 k €	-93.5%	-6,4 k €	-135%	18 k €
Operating result	152,5 k €	+120%	69,4 k €	-5.7%	73,6 k €	+276%	19,6 k €	-62.8%	52,6 k €	+12134%	-437 €	-101%	46 k €	-31.5%	67,2 k €	+68.9%	39,8 k €	+28.4%	31 k €	+267%	-18,6 k €	-858%	2,5 k €	-73.5%	9,3 k €	+6.3%	8,7 k €	+128%	-30,9 k €	-26.2%	-24,5 k €	-1086%	2,5 k €
Net result	124,5 k €	+84.8%	67,4 k €	-10.1%	75 k €	+284%	19,5 k €	+44.1%	13,6 k €	+2534%	514,7 €	-98.8%	44,3 k €	-33.5%	66,6 k €	+70.3%	39,1 k €	+27.3%	30,7 k €	+260%	-19,2 k €	-1078%	2 k €	-78.1%	9 k €	-14.1%	10,4 k €	+134%	-30,6 k €	-27.1%	-24 k €	-1104%	2,4 k €
Balance sheet
Equity	454,2 k €	+5.5%	430,4 k €	+16.2%	370,4 k €	+22.3%	302,8 k €	+6.5%	284,4 k €	+5.0%	270,8 k €	+0.2%	270,3 k €	+18.3%	228,5 k €	+41.1%	162 k €	+31.8%	122,9 k €	+33.3%	92,2 k €	-17.2%	111,4 k €	+1.8%	109,4 k €	+8.9%	100,4 k €	+11.6%	90 k €	-25.3%	120,5 k €	-16.6%	144,6 k €
Total assets	972,1 k €	+42.4%	682,7 k €	+14.4%	596,5 k €	+38.6%	430,4 k €	+4.2%	412,9 k €	+4.4%	395,5 k €	+1.1%	391 k €	+14.7%	340,9 k €	+69.7%	200,9 k €	-13.2%	231,5 k €	+87.0%	123,8 k €	-11.5%	139,9 k €	-19.5%	173,8 k €	-35.1%	268 k €	+68.8%	158,8 k €	-12.8%	182,2 k €	+6.6%	170,9 k €
Cash	448,8 k €	+29.6%	346,3 k €	+46.4%	236,6 k €	+60.1%	147,8 k €	-7.1%	159,1 k €	+9.1%	145,7 k €	-26.2%	197,6 k €	+41.0%	140,1 k €	+29.3%	108,4 k €	+34.3%	80,7 k €	+18.0%	68,4 k €	-8.6%	74,9 k €	-23.6%	97,9 k €	-18.6%	120,3 k €	+172%	44,1 k €	-31.5%	64,4 k €	+59.7%	40,4 k €
Debts	412,6 k €	+176%	149,5 k €	-21.7%	190,9 k €	+88.4%	101,4 k €	+1.2%	100,1 k €	-19.7%	124,6 k €	+3.3%	120,7 k €	+12.2%	107,6 k €	+326%	25,3 k €	-73.2%	94,4 k €	+199%	31,6 k €	+26.5%	25 k €	-60.6%	63,5 k €	-35.1%	97,9 k €	+42.6%	68,7 k €	+11.4%	61,6 k €	+153%	24,4 k €
Other
Workforce	6,2 ETP	+8.8%	5,7 ETP	+42.5%	4,0 ETP	+2.6%	3,9 ETP	0.0%	3,9 ETP	0.0%	3,9 ETP		–		–		–		–		–		0,3 ETP	-70.0%	1,0 ETP	0.0%	1,0 ETP	+233%	0,3 ETP		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 29 ended

Active mandates

ENNC

Managing director · since 01 janvier 2024 · until 17 mai 2029 · 0808.820.642

Represented by Els Nagels

Active

Saturno

Managing director · since 01 janvier 2024 · until 17 mai 2029 · 1005.192.885

Represented by Sander Arnout

Active

Ended mandates

Saturno

Managing director · since 01 janvier 2024 · 1005.192.885

Represented by Sander Arnout

Ended

Paolo Cardile

Director · since 06 juillet 2023

Ended

Bart Blanpain

Chairman of the board of directors · since 19 mai 2021 · until 15 mai 2026

Ended

ENNC

Managing director · since 19 mai 2021 · until 15 mai 2026 · 0808.820.642

Represented by Els Nagels

Ended

At this address

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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	25/06/2026	31/07/2025	31/07/2024	14/09/2023	30/07/2022	30/07/2021
General meeting	16/05/2026	15/05/2025	15/05/2024	15/05/2023	16/05/2022	19/05/2021
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

Ratios

Financial ratios

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Filings

Annual accounts filings

18 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	16/05/2026	25/06/2026	Dutch	PDF
Abridged model	31/12/2024	15/05/2025	31/07/2025	Dutch	PDF
Abridged model	31/12/2023	15/05/2024	31/07/2024	Dutch	PDF
Abridged modelCorrection	31/12/2022	15/05/2023	14/09/2023	Dutch	PDF
Abridged model	31/12/2022	15/05/2023	29/08/2023	Dutch	PDF
Abridged model	31/12/2021	16/05/2022	30/07/2022	Dutch	PDF
Abridged model	31/12/2020	19/05/2021	30/07/2021	Dutch	PDF
Micro model	31/12/2019	15/05/2020	30/07/2020	Dutch	PDF
Micro model	31/12/2018	15/05/2019	09/08/2019	Dutch	PDF
Micro model	31/12/2017	15/05/2018	30/08/2018	Dutch	PDF
Micro model	31/12/2016	15/05/2017	31/08/2017	Dutch	PDF
Abridged model	31/12/2015	12/05/2016	24/05/2016	Dutch	PDF
Abridged model	31/12/2014	26/05/2015	02/06/2015	Dutch	PDF
Abridged model	31/12/2013	15/05/2014	12/06/2014	Dutch	PDF
Abridged model	31/12/2012	21/05/2013	23/05/2013	Dutch	PDF
Abridged model	31/12/2011	15/05/2012	21/05/2012	Dutch	PDF
Abridged model	31/12/2010	16/05/2011	24/05/2011	Dutch	PDF
Abridged model	31/12/2009	02/06/2010	08/06/2010	Dutch	PDF

Estimate

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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 29 ended

Active mandates

ENNC

Managing director · since 01 janvier 2024 · until 17 mai 2029 · 0808.820.642

Represented by Els Nagels

Active

Saturno

Managing director · since 01 janvier 2024 · until 17 mai 2029 · 1005.192.885

Represented by Sander Arnout

Active

Ended mandates

Saturno

Managing director · since 01 janvier 2024 · 1005.192.885

Represented by Sander Arnout

Ended

Paolo Cardile

Director · since 06 juillet 2023

Ended

Bart Blanpain

Chairman of the board of directors · since 19 mai 2021 · until 15 mai 2026

Ended

ENNC

Managing director · since 19 mai 2021 · until 15 mai 2026 · 0808.820.642

Represented by Els Nagels

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates26/03/2025
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
PDF
Mandates31/01/2024
ONTSLAGEN - BENOEMINGEN
PDF
Registered office31/03/2022
MAATSCHAPPELIJKE ZETEL
PDF
Mandates14/06/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates05/04/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates10/05/2016
ONTSLAGEN - BENOEMINGEN
PDF
Mandates12/12/2014
ONTSLAGEN - BENOEMINGEN
PDF
Mandates12/12/2014
ONTSLAGEN - BENOEMINGEN
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 2025124,5 k €↑
2024
Annual accounts 202467,4 k €↓
2023
Annual accounts 202375 k €↑
2022
Annual accounts 202219,5 k €↑
2021
Annual accounts 202113,6 k €↑
2020
Annual accounts 2020514,7 €↓
2019
Annual accounts 201944,3 k €↓
2018
Annual accounts 201866,6 k €↑
2017
Annual accounts 201739,1 k €↑
2016
Annual accounts 201630,7 k €↑
2015
Annual accounts 2015-19,2 k €↓
2014
Annual accounts 20142 k €↓
2013
Annual accounts 20139 k €↓
2012
Annual accounts 201210,4 k €↑
2011
Annual accounts 2011-30,6 k €↓
2010
Annual accounts 2010-24 k €↓
2009
Annual accounts 20092,4 k €
20/02/2009
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

InsPyro

Overview

What does InsPyro 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