ACTIVE

ICONIC GROUP

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Financial year 2025 · closed on 31/12/2025

Net result

-4,3 M €

-121.7% YoY

Gross margin

-248,7 k €

+5.1% YoY

Equity

35,8 M €

-10.7% YoY

Workforce

1,0 ETP

-16.7% YoY

What does ICONIC GROUP do?

ICONIC GROUP is a Private limited company incorporated in 2009. Its main activity is: Computer consultancy activities. Its registered office is in Watermael-Boitsfort. It employs on average 1,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0810.282.669

Incorporation

09/03/2009

Legal form

Private limited company

Registered office

Chaussée de La Hulpe 150
1170 Watermael-Boitsfort · BruxellesSee on map

Contributed capital

4 629 400,00 €

Latest accounts

31/12/2025

Average workforce

1,0 ETP

Activities (NACE)

62020Computer consultancy activities· main 62200Computer programming, consultancy and related activities 70200Management consultancy activities 70220Business and other management consultancy activities 64200Activities of holding companies 64210Activities of holding companies+2

Signals

Solid equityHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 16 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010
Income statement
Gross margin	-248,7 k €	+5.1%	-262 k €	-160%	-100,9 k €	-373%	-21,3 k €	+39.6%	-35,3 k €	-259%	-9,8 k €	+38.4%	-16 k €	+58.9%	-38,9 k €	-49.5%	-26 k €	-16.9%	-22,2 k €	-5.3%	-21,1 k €	-328%	-4,9 k €	-20.7%	-4,1 k €	+32.1%	-6 k €	+73.6%	-22,8 k €	-83.1%	-12,5 k €
EBITDA	-333 k €	+6.2%	-354,8 k €	-210%	-114,5 k €	-416%	-22,2 k €	+38.7%	-36,2 k €	-238%	-10,7 k €	+36.5%	-16,8 k €	+57.7%	-39,7 k €	+85.7%	-278,1 k €	-1104%	-23,1 k €	-4.6%	-22,1 k €	-275%	-5,9 k €	-16.8%	-5 k €	+27.7%	-7 k €	+70.0%	-23,2 k €	-75.3%	-13,3 k €
Operating result	-653,2 k €	-61.7%	-403,9 k €	-253%	-114,5 k €	-416%	-22,2 k €	+38.7%	-36,2 k €	-238%	-10,7 k €	+36.5%	-16,8 k €	+57.7%	-39,7 k €	+85.7%	-278,1 k €	-1104%	-23,1 k €	-4.6%	-22,1 k €	-275%	-5,9 k €	-16.8%	-5 k €	+27.7%	-7 k €	+70.0%	-23,2 k €	-75.3%	-13,3 k €
Net result	-4,3 M €	-122%	19,8 M €	+847%	2,1 M €	-53.2%	4,5 M €	-14.4%	5,2 M €	+1809%	273,5 k €	-23.3%	356,4 k €	+526%	56,9 k €	-96.9%	1,9 M €	+26.9%	1,5 M €	+1006%	132,8 k €	+170%	-189 k €	-3215%	-5,7 k €	-422%	-1,1 k €	+96.7%	-33 k €	-145%	-13,5 k €
Balance sheet
Equity	35,8 M €	-10.7%	40,1 M €	+97.5%	20,3 M €	+11.5%	18,2 M €	+32.5%	13,8 M €	+61.1%	8,5 M €	+3.3%	8,3 M €	+4.5%	7,9 M €	+0.7%	7,9 M €	+31.1%	6 M €	+32.5%	4,5 M €	+3.0%	4,4 M €	-4.1%	4,6 M €	-0.1%	4,6 M €	-0.0%	4,6 M €	-0.7%	4,6 M €
Total assets	74,6 M €	+3.3%	72,2 M €	+77.5%	40,7 M €	+27.8%	31,8 M €	+36.0%	23,4 M €	+58.9%	14,7 M €	+0.5%	14,7 M €	+2.3%	14,3 M €	+0.3%	14,3 M €	+9.6%	13 M €	+29.1%	10,1 M €	+17.1%	8,6 M €	+36.4%	6,3 M €	+1.3%	6,2 M €	+3.4%	6 M €	+13.9%	5,3 M €
Cash	124,5 k €	-88.8%	1,1 M €	+2956%	36,3 k €	-88.1%	304,5 k €	-51.1%	623,1 k €	-54.3%	1,4 M €	+107%	658,7 k €	+949%	62,8 k €	-61.0%	161 k €	+3.1%	156,1 k €	-79.0%	744 k €	+150%	298,1 k €	+2177%	13,1 k €	-51.4%	26,9 k €	-90.7%	290,4 k €	+14767%	2 k €
Debts	38,3 M €	+19.4%	32,1 M €	+58.7%	20,2 M €	+49.1%	13,5 M €	+41.7%	9,6 M €	+61.4%	5,9 M €	-6.6%	6,3 M €	-0.2%	6,4 M €	+4.9%	6,1 M €	-10.6%	6,8 M €	+25.6%	5,4 M €	+31.2%	4,1 M €	+150%	1,6 M €	+3.5%	1,6 M €	+12.2%	1,4 M €	+111%	671,2 k €
Other
Workforce	1,0 ETP	-16.7%	1,2 ETP	+20.0%	1,0 ETP		–		–		–		–		–		–		–		–		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 25 M€ and 50 M€

See the valuation

Governance

Board of directors

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

Active mandates

THIBAUD ELZIERE

Director

Active

Ended mandates

Thibaud Elzière

Manager · since 06 mars 2009

Ended

THIBAUD ELZIERE

Manager

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	24/08/2026	21/08/2025	30/08/2024	02/08/2023	18/07/2022	09/06/2021
General meeting	21/08/2026	27/06/2025	28/08/2024	01/08/2023	01/07/2022	04/06/2021
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

16 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	21/08/2026	24/08/2026	French	PDF
Abridged model	31/12/2024	27/06/2025	21/08/2025	French	PDF
Abridged model	31/12/2023	28/08/2024	30/08/2024	French	PDF
Abridged model	31/12/2022	01/08/2023	02/08/2023	French	PDF
Abridged model	31/12/2021	01/07/2022	18/07/2022	French	PDF
Abridged model	31/12/2020	04/06/2021	09/06/2021	French	PDF
Abridged model	31/12/2019	09/07/2020	09/07/2020	French	PDF
Abridged model	31/12/2018	19/07/2019	05/08/2019	French	PDF
Abridged model	31/12/2017	07/09/2018	11/09/2018	French	PDF
Micro model	31/12/2016	30/06/2017	28/09/2017	French	PDF
Abridged model	31/12/2015	30/06/2016	24/10/2016	French	PDF
Abridged model	31/12/2014	30/06/2015	09/10/2015	French	PDF
Abridged model	31/12/2013	30/06/2014	30/09/2014	French	PDF
Abridged model	31/12/2012	29/06/2013	06/09/2013	French	PDF
Abridged model	31/12/2011	30/06/2012	07/09/2012	French	PDF
Abridged model	31/12/2010	30/06/2011	12/08/2011	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 25 M€ and 50 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 · 1 active · 2 ended

Active mandates

THIBAUD ELZIERE

Director

Active

Ended mandates

Thibaud Elzière

Manager · since 06 mars 2009

Ended

THIBAUD ELZIERE

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Registered office18/12/2023
SIEGE SOCIAL
PDF
Mandates02/06/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DENOMINATION - OBJET - DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE
PDF
Registered office17/08/2016
SIEGE SOCIAL
PDF
Capital / shares21/09/2010
CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Other17/03/2009
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 2025-4,3 M €↓
2024
Annual accounts 202419,8 M €↑
2023
Annual accounts 20232,1 M €↓
2022
Annual accounts 20224,5 M €↓
2022
Name changeICONIC GROUP
2021
Annual accounts 20215,2 M €↑
2021
Name changeE-HOLDING INTERNATIONAL
2020
Annual accounts 2020273,5 k €↓
2019
Annual accounts 2019356,4 k €↑
2018
Annual accounts 201856,9 k €↓
2017
Annual accounts 20171,9 M €↑
2016
Annual accounts 20161,5 M €↑
2015
Annual accounts 2015132,8 k €↑
2014
Annual accounts 2014-189 k €↓
2013
Annual accounts 2013-5,7 k €↓
2012
Annual accounts 2012-1,1 k €↑
2011
Annual accounts 2011-33 k €↓
2010
Annual accounts 2010-13,5 k €
09/03/2009
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

ICONIC GROUP

Overview

What does ICONIC GROUP do?

Trend over 16 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