ACTIVE

INCLUSIO

Export PDF
Financial year 2019 · closed on 31/12/2019
Net result
-1,7 M €
-40.8% YoY
Revenue
1,4 M €
+27.1% YoY
Equity
83,8 M €
+59.4% YoY
Workforce
4,3 ETP
+30.3% YoY

What does INCLUSIO do?

INCLUSIO is a Public limited company incorporated in 2011. Its main activity is: Rental and operating of own or leased real estate. Its registered office is in Auderghem. It employs on average 4,3 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0840.020.295
Incorporation
06/10/2011
Legal form
Public limited company
Registered office
Avenue Herrmann-Debroux 40
1160 Auderghem · BruxellesSee on map
Latest accounts
31/12/2019
Average workforce
4,3 ETP
Activities (NACE)
68201Rental and operating of own or leased real estate· main68201Rental and operating of own or leased real estate68203Rental and operating of own or leased real estate68203Rental and operating of own or leased real estate
Contacts
2 public details availableLog in to view
Signals
Solid equityLow riskGood liquidityHealthy social debtsHigh revenue
View the BCE/KBO Public Search record →
Health score
Available with a Rovalta subscriptionTry for 7 days
Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 8 financial years

20192018201720162015201420132012
Income statement
Revenue1,4 M €1,1 M €727,7 k €385,6 k €221,9 k €–––
EBITDA-887,3 k €-305,9 k €-1,1 M €-775,8 k €-1,2 M €136,8 k €52,9 k €-12,1 k €
Operating result-1,6 M €-1,4 M €-1,5 M €-1,3 M €-1,4 M €-48,8 k €-54,5 k €-156,6 k €
Net result-1,7 M €-1,2 M €-1,4 M €-1,3 M €-1,3 M €-148,6 k €-229,1 k €-263,9 k €
Balance sheet
Equity83,8 M €52,6 M €53,8 M €26,7 M €10,5 M €5,8 M €2,5 M €2,8 M €
Total assets99 M €53,9 M €54,7 M €27,6 M €10,9 M €5,8 M €6 M €4,5 M €
Cash2,1 M €11,3 M €32,7 M €9,5 M €4,1 M €69,7 k €16,9 k €7,8 k €
Debts15 M €1,3 M €866,3 k €806,3 k €432,5 k €56,6 k €3,2 M €1,6 M €
Other
Workforce4,3 ETP3,3 ETP1,8 ETP1,0 ETP––––
Estimate

Indicative valuation

As an indication, this company is worth

between 50 M€ and 100 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2019 · 1 active · 10 ended

Active mandates

REKODE SA

Director · 0839.965.164

Represented by André BOSMANS

Active

Ended mandates

Rekode

Manager · since 23 septembre 2014 · 0839.965.164

Represented by Jean-Baptiste Van Ex

Ended
Rekode SA

Manager · since 23 septembre 2014 · 0839.965.164

Represented by André Bosmans

Ended
Ilan Zatalovski

Director · since 15 mai 2013 · until 23 septembre 2014

Ended
Ilan Zatalovski

Director · since 15 mai 2013 · until 18 mai 2016

Ended
At this address

Other companies at this address

CompanyCBE no.
ABSTRACTART● Active
0876.046.590
AGERYS● Active
0881.627.951
AU JOLI BOIS● Active
0759.599.872
Belgian hadron therapy consortium● Active
0890.078.631
Belgian Nuclear Society● Active
0462.608.836
Cosmetics Europe - the personal Care Assocaition● Active
0538.183.318
DASSAULT SYSTEMES BELGIUM● Active
0891.231.842
EGLADOR● Active
1001.113.937
ENNOR● Active
0778.336.908
EREBOR● Active
0778.335.918
ERIADOR● Active
0778.336.413
European Platform for Social Sciences and Humanities Research relating to Ionizing Radiation● Active
0774.451.265
European Radiation Research Society● Active
0408.294.279
NOBLEPROG BELGIQUE● Active
1003.868.044
Rad4Med.be● Active
0684.669.352
RESOLVED AVOCATS ADVOCATEN● Active
0751.626.076
Studiecentrum voor Kernenergie - Centre d'Etude de l'Energie Nucléaire● Active
0406.568.867
The Oncidium Foundation● Active
0838.388.420
Ugo Scaux VISUALS● Active
1035.944.063
Union internationale des Radioécologistes● Active
0418.339.818
Annual accounts

Full financial information

202520242023202220212020
Type of accountConsolidated accountsFull modelFull modelConsolidated accountsFull modelFull model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date04/06/202622/05/202517/05/202419/06/202324/05/202227/05/2021
General meeting20/05/202621/05/202517/05/202417/05/202318/05/202219/05/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

Looking for more information about this company?

Try for 7 days
Filings

Annual accounts filings

31 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Consolidated accounts31/12/202520/05/202604/06/2026DutchPDF
Consolidated accounts31/12/202520/05/202604/06/2026FrenchPDF
Full model31/12/202520/05/202604/06/2026FrenchPDF
Full model31/12/202421/05/202522/05/2025FrenchPDF
Consolidated accounts31/12/202421/05/202522/05/2025DutchPDF
Consolidated accounts31/12/202421/05/202522/05/2025FrenchPDF
Full model31/12/202317/05/202417/05/2024FrenchPDF
Consolidated accounts31/12/202317/05/202417/05/2024FrenchPDF
Consolidated accounts31/12/202317/05/202417/05/2024DutchPDF
Consolidated accounts31/12/202217/05/202319/06/2023DutchPDF
Consolidated accounts31/12/202217/05/202315/06/2023FrenchPDF
Full model31/12/202217/05/202315/06/2023FrenchPDF
Full model31/12/202118/05/202224/05/2022FrenchPDF
Consolidated accounts31/12/202118/05/202224/05/2022DutchPDF
Consolidated accounts31/12/202118/05/202224/05/2022FrenchPDF
Full model31/12/202019/05/202127/05/2021FrenchPDF
Consolidated accounts31/12/202019/05/202127/05/2021DutchPDF
Consolidated accounts31/12/202019/05/202127/05/2021FrenchPDF
Full model31/12/201910/06/202025/06/2020FrenchPDF
Consolidated accounts31/12/201910/06/202011/06/2020FrenchPDF
Consolidated accounts31/12/201910/06/202011/06/2020DutchPDF
Full model31/12/201815/05/201922/05/2019FrenchPDF
Consolidated accounts31/12/201815/05/201922/05/2019DutchPDF
Consolidated accounts31/12/201815/05/201922/05/2019FrenchPDF

View all 31 filings

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 50 M€ and 100 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 31/12/2019 · 1 active · 10 ended

Active mandates

REKODE SA

Director · 0839.965.164

Represented by André BOSMANS

Active

Ended mandates

Rekode

Manager · since 23 septembre 2014 · 0839.965.164

Represented by Jean-Baptiste Van Ex

Ended
Rekode SA

Manager · since 23 septembre 2014 · 0839.965.164

Represented by André Bosmans

Ended
Ilan Zatalovski

Director · since 15 mai 2013 · until 23 septembre 2014

Ended
Ilan Zatalovski

Director · since 15 mai 2013 · until 18 mai 2016

Ended
Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days
Belgian Official Gazette

Belgian Official Gazette publications

  • Restructuring16/09/2026
    Dépôt d'un projet de fusion assimilée à une fusion par absorption
    PDF
  • Capital / shares19/06/2026
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - DIVERS - CAPITAL, ACTIONS
    PDF
  • Other08/06/2026
    DIVERS
    PDF
  • Mandates27/05/2026
    DEMISSIONS, NOMINATIONS
    PDF
  • Other22/01/2026
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - DIVERS
    PDF
  • Mandates23/12/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates22/10/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Restructuring25/07/2025
    RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, 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

Timeline

  1. 12/06/2026
    augmentation_capital
  2. 20/05/2026
    nominationBenjamin HENRION — commissaire
  3. 15/10/2025
    nominationLionel VAN RILLAER — Chief Executive Officer
  4. 15/10/2025
    nominationJean-Luc Pierre Marie COLSON — membre de la direction effective
  5. 15/10/2025
    nominationBenoît Nicolas Geneviève Marie DESUTTER — membre de la direction effective
  6. 12/06/2025
    augmentation_capital
  7. 22/10/2024
    nominationFrançoise ROELS — administratrice indépendante
  8. 15/05/2024
    reconductionMarianne WAGNER — administratrice
  9. 15/05/2024
    reconductionBart DE ZUTTER — administrateur
  10. 15/05/2024
    nominationPaul SCHOULS — administrateur
  11. 15/05/2024
    nominationVéronique TAI — administratrice
  12. 20/02/2024
    nominationBenoît DESUTTER — Chief Investment Officer et membre de la direction effective
  13. 17/05/2023
    reconductionBen Vandeweyer — représentant permanent du Commissaire (Deloitte Réviseurs d'Entreprises SCRL)
  14. 17/05/2023
    reconductionAdeline Simont — administrateur
  15. 17/05/2023
    reconductionAndré Bosmans — administrateur
  16. 17/05/2023
    nominationVéronique Tai — administrateur
  17. 17/05/2023
    nominationSophie Lambrighs — administrateur
  18. 17/05/2023
    nominationNicolas Vincent — administrateur
  19. 18/05/2022
    nominationVéronique Tai — administrateur
  20. 18/05/2022
    reconductionChristophe Demain — administrateur
  21. 18/05/2022
    nominationKoen Depaemelaere — administrateur
  22. 25/11/2020
    nominationMarc Brisack — dirigeant effectif
  23. 25/11/2020
    nominationJean-Luc Colson — dirigeant effectif
  24. 25/11/2020
    nominationLionel Van Rillaer — dirigeant effectif
  25. 2019
    Annual accounts 2019-1,7 M €↓
  26. 2018
    Annual accounts 2018-1,2 M €↑
  27. 2017
    Annual accounts 2017-1,4 M €↓
  28. 2016
    Annual accounts 2016-1,3 M €↑
  29. 2015
    Annual accounts 2015-1,3 M €↓
  30. 2014
    Annual accounts 2014-148,6 k €↑
  31. 2014
    Name changeINCLUSIO
  32. 2013
    Annual accounts 2013-229,1 k €↑
  33. 2012
    Annual accounts 2012-263,9 k €
  34. 2012
    Name changeBon Pasteur
  35. 06/10/2011
    IncorporationPublic limited company