ACTIVE

ICARUS INVEST

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Financial year 2025 · Closed on 31/12/2025

Net result13 k €-93,6 %over 1 year

Revenue1,6 M €-9,1 %over 1 year

Equity6,7 M €+0,2 %over 1 year

Workforce5,8 ETP+20,8 %over 1 year

Identity

Source · BCE/KBO

ICARUS INVEST is a Private limited company incorporated in 2005. Its main activity is: Activities of holding companies. Its registered office is in Ardooie. It employs on average 5,8 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0873.917.045
Incorporation: 20/05/2005
Legal form: Private limited company
Registered office: Stationsstraat 176
8850 Ardooie · FlandreSee on map
Contributed capital: 2 882 354,00 €
Latest accounts: 31/12/2025
Average workforce: 5,8 ETP

Activities (NACE)

64200Activities of holding companies· main 64210Activities of holding companies 74151Specialised design activities 25999Manufacture of other fabricated metal products n.e.c.25999Manufacture of other fabricated metal products n.e.c.

Joint committees (3)

Contacts

2 public details availableLog in to view

Signals

ProfitableSolid equityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 22 filings

Trend over 18 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	1,6 M €	-9.1%	1,8 M €	+19.3%	1,5 M €	+36.9%	1,1 M €	+60.9%	673,8 k €
EBITDA	268,1 k €	-48.3%	518,1 k €	-14.6%	606,6 k €	+42.5%	425,6 k €	+109%	203,7 k €
Operating result	228,8 k €	-54.8%	505,7 k €	-16.2%	603,8 k €	+45.4%	415,4 k €	+106%	202 k €
Net result	13 k €	-93.6%	204,3 k €	+62.4%	125,8 k €	-84.6%	815,7 k €	+785%	92,2 k €
Balance sheet
Equity	6,7 M €	+0.2%	6,7 M €	+3.1%	6,5 M €	+2.0%	6,4 M €	+14.7%	5,6 M €
Total assets	12 M €	+1.7%	11,8 M €	+6.6%	11 M €	-5.8%	11,7 M €	+20.7%	9,7 M €
Cash	143,7 k €	+148%	57,9 k €	-66.2%	171,4 k €	-7.5%	185,4 k €	-87.6%	1,5 M €
Debts	5,2 M €	+3.8%	5,1 M €	+12.0%	4,5 M €	-15.3%	5,3 M €	+28.6%	4,1 M €
Other
Workforce	5,8 ETP	+20.8%	4,8 ETP	+17.1%	4,1 ETP	+13.9%	3,6 ETP	+80.0%	2,0 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

4 active · 2 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Olivier Devos	Directorsince 01/09/2014Manager01/09/2014 → 2018 accountsended
Frederique Devos	Directorsince 01/09/2014Manager01/09/2014 → 2018 accountsended
Roger Spiessens	Directorsince 23/12/2021
Xavier Devos	Directorsince 01/09/2014Manager01/09/2014 → 2018 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Marianne Delecluse	Director01/04/2020 → 2022 accountsManager20/05/2005 → 2007 accounts
Frans Devos	Manager20/05/2005 → 2007 accounts

Other companies at this address

Stationsstraat 176 8850 Ardooie

Company	CBE no.
ALLFOX● Active	0691.738.870
DAFCO● Active	0413.723.806
IJ-INVEST● Active	0781.732.304
MAES METAL● Active	0405.443.766
METAFOX● Active	0425.292.441
PoletDePypere Company● Active	0825.121.095
RRC● Active	0691.898.327
R&R CONSULT● Active	0877.459.921

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full 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	31/08/2026	04/12/2025	15/07/2024	28/09/2023	30/06/2022	30/06/2021
General meeting	17/07/2026	26/11/2025	29/06/2024	24/06/2023	25/06/2022	29/05/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 22 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	17/07/2026	31/08/2026	Dutch	PDF
Full model	31/12/2024	26/11/2025	04/12/2025	Dutch	PDF
Full model	31/12/2023	29/06/2024	15/07/2024	Dutch	PDF
Full modelCorrection	31/12/2022	24/06/2023	28/09/2023	Dutch	PDF
Full model	31/12/2022	24/06/2023	09/08/2023	Dutch	PDF
Full model	31/12/2021	25/06/2022	30/06/2022	Dutch	PDF
Full model	31/12/2020	29/05/2021	30/06/2021	Dutch	PDF
Full model	31/12/2019	30/05/2020	30/06/2020	Dutch	PDF
Full model	31/12/2018	25/05/2019	12/07/2019	Dutch	PDF
Full model	31/12/2017	26/05/2018	11/06/2018	Dutch	PDF
Full model	31/12/2016	27/05/2017	23/06/2017	Dutch	PDF
Full model	31/12/2015	30/05/2016	09/06/2016	Dutch	PDF
Full model	31/12/2014	30/05/2015	08/07/2015	Dutch	PDF
Full model	31/12/2013	30/06/2014	10/07/2014	Dutch	PDF
Full model	31/12/2012	28/06/2013	18/07/2013	Dutch	PDF
Full model	31/12/2011	26/05/2012	25/06/2012	Dutch	PDF
Full model	31/12/2010	28/05/2011	17/06/2011	Dutch	PDF
Abridged modelCorrection	31/12/2009	29/05/2010	09/08/2010	Dutch	PDF
Abridged model	31/12/2009	29/05/2010	14/06/2010	Dutch	PDF
Abridged model	31/12/2008	30/05/2009	18/06/2009	Dutch	PDF
Abridged model	31/12/2007	31/05/2008	20/06/2008	Dutch	PDF
Abridged model	31/12/2006	26/05/2007	22/06/2007	Dutch	PDF

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.

Board of directors

Source · NBB, accounts to 31/12/2025

4 active · 2 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Olivier Devos	Directorsince 01/09/2014Manager01/09/2014 → 2018 accountsended
Frederique Devos	Directorsince 01/09/2014Manager01/09/2014 → 2018 accountsended
Roger Spiessens	Directorsince 23/12/2021
Xavier Devos	Directorsince 01/09/2014Manager01/09/2014 → 2018 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Marianne Delecluse	Director01/04/2020 → 2022 accountsManager20/05/2005 → 2007 accounts
Frans Devos	Manager20/05/2005 → 2007 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates22/01/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates07/03/2024
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring26/08/2022
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring23/06/2022
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...) - DIVERSEN
PDF
Mandates22/03/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates31/12/2021
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Mandates22/05/2020
ONTSLAGEN - BENOEMINGEN - WIJZIGING RECHTSVORM
PDF
Other08/11/2017
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings18 filings

Mandates

Olivier Devos

Frederique Devos

Roger Spiessens

Xavier Devos

Marianne Delecluse

Frans Devos

2005200620072008200920102011201220132014201520162017201820192020202120222023202420252026

ICARUS INVEST

Stationsstraat 176, 8850 Ardooie

DirectorManager

Director

DirectorManager

Manager

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Stationsstraat 176, 8850 ArdooieCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00493884

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
ICARUS INVESTCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00493884

Events

2025
Annual accounts 202513 k €↓
2024
Annual accounts 2024204,3 k €↑
2023
Annual accounts 2023125,8 k €↓
2022
Annual accounts 2022815,7 k €↑
2021
Annual accounts 202192,2 k €↑
2020
Annual accounts 2020-106,5 k €↓
2019
Annual accounts 2019163,1 k €↓
2018
Annual accounts 2018206,5 k €↓
2017
Annual accounts 2017362,8 k €↑
2016
Annual accounts 2016152,9 k €↑
2013
Annual accounts 201317,1 k €↑
2012
Annual accounts 20128,9 k €↑
2011
Annual accounts 20118,5 k €↓
2010
Annual accounts 201028,2 k €↓
2009
Annual accounts 200932,6 k €↓
2008
Annual accounts 200899,2 k €↑
2007
Annual accounts 200751,1 k €↓
2006
Annual accounts 2006142,3 k €
20/05/2005
IncorporationPrivate limited company

ICARUS INVEST

Overview

Identity

Financials

Valuation

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

Timeline

Registered offices

Company names

Events