ACTIVE

Icure

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Financial year 2025 · closed on 30/09/2025
Net result
35,5 k €
-26.5% YoY
Gross margin
56,2 k €
-22.6% YoY
Equity
431,9 k €
+8.9% YoY

What does Icure do?

Icure is a Private company with limited liability incorporated in 2011. Its registered office is in Hasselt.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0834.217.024
Incorporation
02/03/2011
Legal form
Private company with limited liability
Registered office
Hommelvennestraat 51
3500 Hasselt · FlandreSee on map
Contributed capital
60 000,00 €
Latest accounts
30/09/2025
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 14 financial years

20252024202320222021202020192018201720162015201420132012
Income statement
Gross margin56,2 k €72,6 k €56,4 k €67,1 k €81,3 k €56,5 k €27,8 k €24,2 k €30,8 k €36,6 k €93,3 k €70,9 k €60,5 k €68,6 k €
EBITDA55 k €71,5 k €54,4 k €64,9 k €79,5 k €53,1 k €26 k €22,6 k €29,2 k €33,9 k €91,6 k €69,3 k €58,7 k €65,5 k €
Operating result49,5 k €64,2 k €46,9 k €56,3 k €66,4 k €36,1 k €2,8 k €3,8 k €13,5 k €27,5 k €91,1 k €68 k €12,5 k €56,3 k €
Net result35,5 k €48,3 k €32,1 k €32,2 k €41,8 k €20,1 k €-4 k €-2,5 k €803 €45,6 k €54,8 k €40,1 k €236 €39,3 k €
Balance sheet
Equity431,9 k €396,5 k €348,2 k €316,1 k €296,3 k €254,5 k €234,4 k €238,3 k €240,8 k €240 k €194,5 k €139,7 k €99,6 k €99,3 k €
Total assets439 k €410,7 k €360,3 k €366,1 k €539,9 k €500,2 k €395,8 k €348,5 k €374,1 k €386,5 k €442,4 k €407,3 k €394,4 k €137,5 k €
Cash262 k €227,1 k €196,6 k €196,2 k €362,6 k €325,1 k €196,1 k €117,1 k €160,8 k €344,8 k €72,4 k €42 k €31 k €84,6 k €
Debts2,8 k €10 k €7,9 k €45,8 k €243,5 k €245,7 k €161,4 k €110,2 k €133,3 k €146,5 k €247,9 k €267,5 k €294,7 k €38,1 k €
Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€
See the valuation
Governance

Board of directors

Seen on filing of 30/09/2025 · 1 active · 1 ended

Active mandates

Ivana Petrovic

Director · since 02 mars 2011

Active

Ended mandates

IVANA PETROVIC

Manager

Ended
Annual accounts

Full financial information

202520242023202220212020
Type of accountMicro modelMicro modelMicro modelMicro modelMicro modelMicro model
Start of the financial year01/10/202401/10/202301/10/202201/10/202101/10/202001/10/2019
Closing of the financial year30/09/202530/09/202430/09/202330/09/202230/09/202130/09/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date30/04/202606/05/202519/04/202427/04/202312/09/202217/05/2021
General meeting18/03/202619/03/202515/03/202415/03/202316/03/202230/04/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

14 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model30/09/202518/03/202630/04/2026DutchPDF
Micro model30/09/202419/03/202506/05/2025DutchPDF
Micro model30/09/202315/03/202419/04/2024DutchPDF
Micro model30/09/202215/03/202327/04/2023DutchPDF
Micro model30/09/202116/03/202212/09/2022DutchPDF
Micro model30/09/202030/04/202117/05/2021DutchPDF
Micro model30/09/201930/04/202010/12/2020DutchPDF
Abridged model30/09/201826/04/201903/05/2019DutchPDF
Abridged model30/09/201724/04/201825/06/2018DutchPDF
Abridged model30/09/201627/04/201731/05/2017DutchPDF
Abridged model30/09/201516/03/201629/03/2016DutchPDF
Abridged model30/09/201428/04/201529/04/2015DutchPDF
Abridged model30/09/201328/04/201422/05/2014DutchPDF
Abridged model30/09/201226/04/201319/08/2013DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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 30/09/2025 · 1 active · 1 ended

Active mandates

Ivana Petrovic

Director · since 02 mars 2011

Active

Ended mandates

IVANA PETROVIC

Manager

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Registered office03/01/2018
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Other04/03/2011
    RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
    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

Timeline

  1. 2025
    Annual accounts 202535,5 k €↓
  2. 2024
    Annual accounts 202448,3 k €↑
  3. 2023
    Annual accounts 202332,1 k €↓
  4. 2022
    Annual accounts 202232,2 k €↓
  5. 2021
    Annual accounts 202141,8 k €↑
  6. 2020
    Annual accounts 202020,1 k €↑
  7. 2019
    Annual accounts 2019-4 k €↓
  8. 2018
    Annual accounts 2018-2,5 k €↓
  9. 2017
    Annual accounts 2017803 €↓
  10. 2016
    Annual accounts 201645,6 k €↓
  11. 2015
    Annual accounts 201554,8 k €↑
  12. 2014
    Annual accounts 201440,1 k €↑
  13. 2013
    Annual accounts 2013236 €↓
  14. 2012
    Annual accounts 201239,3 k €
  15. 02/03/2011
    IncorporationPrivate company with limited liability