ACTIVE

ICARUS INVEST

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Financial year 2024 · closed on 31/12/2024

Net result

204,3 k €

+62.4% YoY

Revenue

1,8 M €

+19.3% YoY

Equity

6,7 M €

+3.1% YoY

Workforce

4,8 ETP

+17.1% YoY

What does ICARUS INVEST do?

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 4,8 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

31/12/2024

Average workforce

4,8 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

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2024		2023		2022		2021		2020		2019		2018		2017		2016		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Revenue	1,8 M €	+19.3%	1,5 M €	+36.9%	1,1 M €	+60.9%	673,8 k €	+16.3%	579,6 k €	-11.8%	657,2 k €	+38.2%	475,4 k €	+40.9%	337,4 k €	+38.3%	244 k €	+101%	121,5 k €	+180%	43,5 k €	+3.5%	42 k €	-35.4%	65 k €		–		–		–		–
EBITDA	518,1 k €	-14.6%	606,6 k €	+42.5%	425,6 k €	+109%	203,7 k €	-16.4%	243,6 k €	-11.1%	274 k €	+17.7%	232,7 k €	+96.4%	118,5 k €	+29.9%	91,2 k €	+62.6%	56,1 k €	+123%	25,2 k €	-33.7%	38 k €	-32.1%	55,9 k €	-1.6%	56,9 k €	+50.2%	37,8 k €	-63.0%	102,3 k €	+71.9%	59,5 k €
Operating result	505,7 k €	-16.2%	603,8 k €	+45.4%	415,4 k €	+106%	202 k €	-16.5%	241,8 k €	-11.3%	272,6 k €	+19.7%	227,8 k €	+93.4%	117,8 k €	+29.1%	91,2 k €	+62.6%	56,1 k €	+123%	25,2 k €	-33.7%	38 k €	-32.1%	55,9 k €	-1.6%	56,9 k €	+50.2%	37,8 k €	-63.0%	102,3 k €	+78.9%	57,2 k €
Net result	204,3 k €	+62.4%	125,8 k €	-84.6%	815,7 k €	+785%	92,2 k €	+187%	-106,5 k €	-165%	163,1 k €	-21.0%	206,5 k €	-43.1%	362,8 k €	+137%	152,9 k €	+795%	17,1 k €	+92.7%	8,9 k €	+4.2%	8,5 k €	-69.9%	28,2 k €	-13.4%	32,6 k €	-67.1%	99,2 k €	+93.9%	51,1 k €	-64.1%	142,3 k €
Balance sheet
Equity	6,7 M €	+3.1%	6,5 M €	+2.0%	6,4 M €	+14.7%	5,6 M €	+62.6%	3,4 M €	-3.0%	3,5 M €	+4.8%	3,4 M €	+6.5%	3,2 M €	-2.7%	3,2 M €	+77.4%	1,8 M €	-24.3%	2,4 M €	+8.6%	2,2 M €	+0.4%	2,2 M €	+0.2%	2,2 M €	+1.4%	2,2 M €	+4.8%	2,1 M €	+2.5%	2 M €
Total assets	11,8 M €	+6.6%	11 M €	-5.8%	11,7 M €	+20.7%	9,7 M €	+23.5%	7,9 M €	-3.4%	8,1 M €	+4.2%	7,8 M €	+22.0%	6,4 M €	+20.0%	5,3 M €	+77.2%	3 M €	-5.8%	3,2 M €	+15.4%	2,8 M €	+3.9%	2,7 M €	+0.0%	2,7 M €	-1.2%	2,7 M €	+3.8%	2,6 M €	-7.7%	2,8 M €
Cash	57,9 k €	-66.2%	171,4 k €	-7.5%	185,4 k €	-87.6%	1,5 M €	+559%	226,9 k €	+182%	80,5 k €	+129%	35,1 k €	+171%	12,9 k €	-29.5%	18,3 k €	-14.7%	21,5 k €	+1014%	1,9 k €	-3.3%	2 k €	+5.3%	1,9 k €	-77.4%	8,4 k €	+944%	802,6 €	-90.7%	8,6 k €	-59.5%	21,3 k €
Debts	5,1 M €	+12.0%	4,5 M €	-15.3%	5,3 M €	+28.6%	4,1 M €	-6.7%	4,4 M €	-3.7%	4,6 M €	+4.0%	4,4 M €	+36.8%	3,2 M €	+55.2%	2,1 M €	+76.8%	1,2 M €	+53.3%	770,5 k €	+45.3%	530,3 k €	+21.2%	437,5 k €	-1.0%	442 k €	-13.2%	509,1 k €	-1.5%	517,1 k €	-34.1%	784,6 k €
Other
Workforce	4,8 ETP	+17.1%	4,1 ETP	+13.9%	3,6 ETP	+80.0%	2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP	+150%	0,8 ETP		–		–		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2024 · 4 active · 13 ended

Active mandates

Olivier Devos

Director · since 23 décembre 2023

Active

Frederique Devos

Director · since 23 décembre 2021

Active

Roger Spiessens

Director · since 23 décembre 2021

Active

Xavier Devos

Director · since 23 décembre 2021

Active

Ended mandates

Marianne Delecluse

Director · since 01 avril 2020

Ended

Frederique Devos

Director · since 01 septembre 2014

Ended

Frederique Devos

Manager · since 01 septembre 2014

Ended

Olivier Devos

Director · since 01 septembre 2014

Ended

At this address

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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

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	04/12/2025	15/07/2024	28/09/2023	30/06/2022	30/06/2021	30/06/2020
General meeting	26/11/2025	29/06/2024	24/06/2023	25/06/2022	29/05/2021	30/05/2020
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

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
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

Estimate

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.

Governance

Board of directors

Seen on filing of 31/12/2024 · 4 active · 13 ended

Active mandates

Olivier Devos

Director · since 23 décembre 2023

Active

Frederique Devos

Director · since 23 décembre 2021

Active

Roger Spiessens

Director · since 23 décembre 2021

Active

Xavier Devos

Director · since 23 décembre 2021

Active

Ended mandates

Marianne Delecluse

Director · since 01 avril 2020

Ended

Frederique Devos

Director · since 01 septembre 2014

Ended

Frederique Devos

Manager · since 01 septembre 2014

Ended

Olivier Devos

Director · since 01 septembre 2014

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

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

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

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

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

ICARUS INVEST

Overview

What does ICARUS INVEST do?

Trend over 17 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