InCorDev
0833.651.751 · rovalta.com · 23/09/2026
ACTIVE
InCorDev
Financial year 2025 · closed on 31/12/2025
Net result
-90,2 k €
+64.7% YoY
Gross margin
9,6 k €
+105.1% YoY
Equity
-318,8 k €
-39.5% YoY
Overview
What does InCorDev do?
InCorDev is a Private limited company incorporated in 2011. Its main activity is: Research and experimental development on natural sciences and engineering. Its registered office is in Westerlo.
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0833.651.751
Incorporation
10/02/2011
Legal form
Private limited company
Registered office
Boskant 16
2260 Westerlo · FlandreSee on map
2260 Westerlo · FlandreSee on map
Contributed capital
18 000,00 €
Latest accounts
31/12/2025
Activities (NACE)
Signals
Good liquidityHealthy social debts
Available with a Rovalta subscriptionTry for 7 days
Financials
Trend over 13 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||||||||||||
| Gross margin | 9,6 k € | +105% | -189,5 k € | -8306% | 2,3 k € | -89.0% | 21 k € | +126% | 9,3 k € | -80.7% | 48,3 k € | +121% | 21,8 k € | -63.7% | 60 k € | +210% | 19,4 k € | -74.4% | 75,7 k € | -4.8% | 79,6 k € | +44.5% | 55,1 k € | +43.2% | 38,5 k € |
| EBITDA | -79,5 k € | +67.6% | -245,6 k € | -377% | -51,5 k € | -66.0% | -31 k € | -154% | -12,2 k € | -126% | 46,6 k € | +129% | 20,4 k € | -64.7% | 57,8 k € | +2196% | 2,5 k € | -94.5% | 45,6 k € | -37.4% | 72,8 k € | +32.8% | 54,8 k € | +42.9% | 38,4 k € |
| Operating result | -80,1 k € | +67.5% | -246,7 k € | -359% | -53,7 k € | -59.1% | -33,8 k € | -121% | -15,3 k € | -134% | 45,6 k € | +214% | 14,5 k € | -72.2% | 52,2 k € | +1855% | -3 k € | -107% | 45,5 k € | -37.5% | 72,7 k € | +42.5% | 51 k € | +181% | 18,1 k € |
| Net result | -90,2 k € | +64.7% | -255,7 k € | -366% | -54,8 k € | -46.9% | -37,3 k € | -73.0% | -21,6 k € | -191% | 23,6 k € | +379% | 4,9 k € | -80.4% | 25,2 k € | +13515% | -187,9 € | -101% | 30,6 k € | +284% | -16,6 k € | -152% | 32,2 k € | +169% | 11,9 k € |
| Balance sheet | |||||||||||||||||||||||||
| Equity | -318,8 k € | -39.5% | -228,6 k € | -942% | 27,1 k € | -66.9% | 82 k € | -31.3% | 119,3 k € | +36.2% | 87,6 k € | +36.9% | 64 k € | +8.3% | 59,1 k € | +74.4% | 33,9 k € | -0.6% | 34 k € | +883% | 3,5 k € | -82.8% | 20,1 k € | +0.8% | 19,9 k € |
| Total assets | 366,8 k € | +17.8% | 311,3 k € | -9.2% | 342,7 k € | -7.4% | 370,1 k € | +5.8% | 349,9 k € | -9.6% | 386,9 k € | -2.4% | 396,4 k € | -4.1% | 413,6 k € | +3.2% | 400,6 k € | +22.0% | 328,3 k € | +49.7% | 219,2 k € | -23.4% | 286 k € | +23.4% | 231,8 k € |
| Cash | 16,5 k € | -25.0% | 22 k € | -44.6% | 39,7 k € | -40.3% | 66,5 k € | +49.0% | 44,6 k € | -36.4% | 70,2 k € | +44.4% | 48,6 k € | -41.9% | 83,6 k € | +53.0% | 54,6 k € | -30.3% | 78,5 k € | -22.0% | 100,6 k € | +45.5% | 69,2 k € | +28.3% | 53,9 k € |
| Debts | 685,6 k € | +27.0% | 539,9 k € | +73.0% | 312 k € | +9.9% | 283,8 k € | +25.0% | 227 k € | -24.2% | 299,3 k € | -10.0% | 332,5 k € | -6.2% | 354,5 k € | -3.3% | 366,8 k € | +24.7% | 294,2 k € | +36.4% | 215,7 k € | -18.9% | 265,9 k € | +25.5% | 211,8 k € |
Governance
Board of directors
Seen on filing of 31/12/2025 · 2 active · 2 ended
Active mandates
Patricia CASAER
ActiveKristoff CORTEN
ActiveEnded mandates
Kristoff CORTEN
EndedPatricia CASAER
EndedAt this address
Other companies at this address
| Company | CBE no. |
|---|---|
Health Innovation Center Group● Active | 0720.812.047 |
Health Innovation Center Limburg● Active | 1012.595.173 |
Jacobs Horse Training● Active | 0837.956.274 |
MEDENVISION● Active | 0842.505.475 |
Medenvision International● Active | 0744.697.011 |
MedEnvision Partnership● Active | 1007.291.847 |
NB24● Active | 1011.459.679 |
Vista Minds● Active | 1030.723.186 |
Financials
Annual accounts
Full financial information
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Type of account | Micro model | Micro model | Micro model | Micro model | Micro model | Micro 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 | 23/07/2026 | 03/06/2025 | 11/07/2024 | 27/06/2023 | 11/08/2022 | 28/07/2021 |
| General meeting | 30/06/2026 | 05/05/2025 | 06/05/2024 | 02/05/2023 | 02/05/2022 | 03/05/2021 |
| 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
Looking for more information about this company?
Try for 7 daysFilings
Annual accounts filings
15 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Micro model | 31/12/2025 | 30/06/2026 | 23/07/2026 | Dutch | |
| Micro model | 31/12/2024 | 05/05/2025 | 03/06/2025 | Dutch | |
| Micro model | 31/12/2023 | 06/05/2024 | 11/07/2024 | Dutch | |
| Micro model | 31/12/2022 | 02/05/2023 | 27/06/2023 | Dutch | |
| Micro model | 31/12/2021 | 02/05/2022 | 11/08/2022 | Dutch | |
| Micro model | 31/12/2020 | 03/05/2021 | 28/07/2021 | Dutch | |
| Micro model | 31/12/2019 | 04/05/2020 | 18/05/2020 | Dutch | |
| Micro model | 31/12/2018 | 06/05/2019 | 09/07/2019 | Dutch | |
| Micro model | 31/12/2017 | 07/05/2018 | 28/06/2018 | Dutch | |
| Micro model | 31/12/2016 | 02/05/2017 | 30/06/2017 | Dutch | |
| Abridged model | 31/12/2015 | 02/05/2016 | 02/06/2016 | Dutch | |
| Abridged model | 31/12/2014 | 04/05/2015 | 13/05/2015 | Dutch | |
| Abridged model | 31/12/2013 | 05/05/2014 | 03/06/2014 | Dutch | |
| Abridged model | 31/12/2012 | 04/03/2013 | 15/03/2013 | Dutch | |
| Abridged model | 31/12/2011 | 26/03/2012 | 04/04/2012 | Dutch |
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 · 2 active · 2 ended
Active mandates
Patricia CASAER
ActiveKristoff CORTEN
ActiveEnded mandates
Kristoff CORTEN
EndedPatricia CASAER
EndedShareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
- Mandates06/05/2026Adreswijziging + benoeming bestuurder
- Registered office08/02/2024MAATSCHAPPELIJKE ZETEL
- Mandates11/07/2022WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
- Mandates22/08/2013ONTSLAGEN - BENOEMINGEN
- Mandates24/05/2013ONTSLAGEN - BENOEMINGEN
- Other14/02/2011RUBRIEK 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
- 2025Annual accounts 2025-90,2 k €↑
- 2024Annual accounts 2024-255,7 k €↓
- 2023Annual accounts 2023-54,8 k €↓
- 2022Annual accounts 2022-37,3 k €↓
- 2021Annual accounts 2021-21,6 k €↓
- 2018Annual accounts 201823,6 k €↑
- 2017Annual accounts 20174,9 k €↓
- 2016Annual accounts 201625,2 k €↑
- 2015Annual accounts 2015-187,9 €↓
- 2014Annual accounts 201430,6 k €↑
- 2013Annual accounts 2013-16,6 k €↓
- 2012Annual accounts 201232,2 k €↑
- 2011Annual accounts 201111,9 k €
- 10/02/2011IncorporationPrivate limited company