ACTIVE

Incubatiecentrum Arsenaal Brussel

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Financial year 2025 · Closed on 31/12/2025

Net result-581,1 €-100,5 %over 1 year
Gross margin448,2 k €-16,0 %over 1 year
Equity4,9 M €-3,4 %over 1 year
Workforce2,9 ETP+11,5 %over 1 year

Identity

Source · BCE/KBO

Incubatiecentrum Arsenaal Brussel is a Public limited company incorporated in 2005. Its main activity is: Postal activities under universal service obligation. Its registered office is in Etterbeek. It employs on average 2,9 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0876.709.853
Incorporation
14/10/2005
Legal form
Public limited company
Registered office
Rue des Pères Blancs 4
1040 Etterbeek · BruxellesSee on map
Contributed capital
1 851 000,00 €
Latest accounts
31/12/2025
Average workforce
2,9 ETP
Joint committees (2)
  • 200
  • 218
Signals
Solid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 20 filings

Trend over 20 financial years

20252024202320222021
Income statement
Gross margin448,2 k €533,8 k €475,6 k €361,1 k €467,5 k €
EBITDA31,7 k €159,4 k €-18,3 k €-75,3 k €84,1 k €
Operating result-264 k €-145,9 k €-241,9 k €-334,8 k €-183,7 k €
Net result-581,1 €124,5 k €-5,1 k €-109,6 k €-7,6 k €
Balance sheet
Equity4,9 M €5,1 M €5,1 M €5,3 M €5,6 M €
Total assets6,3 M €6,5 M €6,9 M €7,8 M €8,8 M €
Cash2,1 M €2,4 M €2,2 M €2,4 M €2,5 M €
Debts391,9 k €437,4 k €711,4 k €1,2 M €1,8 M €
Other
Workforce2,9 ETP2,6 ETP2,8 ETP3,1 ETP4,1 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

13 active · 132 ended

Active mandates

Thomas Crispeels

Director · since 08 décembre 2025 · until 21 juin 2029

Active
Fabienne Malaise

Director · since 19 juin 2025 · until 21 juin 2029

Active
Ann Nieuwlandt

Director · since 12 décembre 2023 · until 10 mars 2025

Active
Antoon Van Coillie

Director · since 12 décembre 2023 · until 21 juin 2029

Active
Didier Reynaerts

Director · since 12 décembre 2023 · until 21 juin 2029

Active
Gaêtan Danneels

Director · since 12 décembre 2023 · until 21 juin 2029

Active
Geoffrey Aerts

Director · since 12 décembre 2023 · until 08 décembre 2025

Active
Jacobus Boonen

Director · since 12 décembre 2023 · until 21 juin 2029

Active
Jean-Pierre Vereecken

Vice-chairman of the board of directors · since 12 décembre 2023 · until 21 juin 2029

Active
Marc Van Thournout

Director · since 12 décembre 2023 · until 21 juin 2029

Active
Nic Van Craen

Director · since 12 décembre 2023 · until 21 juin 2029

Active
Stéphanie Lepczynski

Director · since 12 décembre 2023 · until 21 juin 2029

Active
Thomas Ryckalts

Chairman of the board of directors · since 12 décembre 2023 · until 21 juin 2029

Active

Ended mandates

Ann Nieuwlandt

Director · since 12 décembre 2023 · until 21 juin 2029

Ended
Geoffrey Aerts

Director · since 12 décembre 2023 · until 21 juin 2029

Ended
Ann Nieuwlandt

Director · since 09 juin 2023 · until 21 juin 2029

Ended
Geoffrey Aerts

Director · since 09 juin 2023 · until 21 juin 2029

Ended

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Full financial information

Source · NBB
202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged 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 date24/06/202607/07/202525/06/202430/06/202323/06/202227/07/2021
General meeting18/06/202619/06/202513/06/202416/05/202317/05/202204/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings
ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202518/06/202624/06/2026DutchPDF
Abridged model31/12/202419/06/202507/07/2025DutchPDF
Abridged model31/12/202313/06/202425/06/2024DutchPDF
Abridged model31/12/202216/05/202330/06/2023DutchPDF
Abridged model31/12/202117/05/202223/06/2022DutchPDF
Abridged model31/12/202004/06/202127/07/2021DutchPDF
Abridged model31/12/201919/05/202026/06/2020DutchPDF
Abridged model31/12/201821/05/201908/07/2019DutchPDF
Abridged model31/12/201715/05/201829/08/2018DutchPDF
Abridged model31/12/201616/05/201729/05/2017DutchPDF
Abridged model31/12/201517/05/201618/05/2016DutchPDF
Abridged model31/12/201419/05/201509/06/2015DutchPDF
Abridged model31/12/201321/05/201422/05/2014DutchPDF
Abridged model31/12/201221/05/201319/06/2013DutchPDF
Abridged model31/12/201115/05/201201/06/2012DutchPDF
Abridged model31/12/201017/05/201106/06/2011DutchPDF
Abridged model31/12/200918/05/201002/06/2010DutchPDF
Abridged model31/12/200822/05/200915/07/2009DutchPDF
Abridged model31/12/200720/05/200804/07/2008DutchPDF
Abridged model31/12/200615/05/200708/06/2007DutchPDF

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

13 active · 132 ended

Active mandates

Thomas Crispeels

Director · since 08 décembre 2025 · until 21 juin 2029

Active
Fabienne Malaise

Director · since 19 juin 2025 · until 21 juin 2029

Active
Ann Nieuwlandt

Director · since 12 décembre 2023 · until 10 mars 2025

Active
Antoon Van Coillie

Director · since 12 décembre 2023 · until 21 juin 2029

Active
Didier Reynaerts

Director · since 12 décembre 2023 · until 21 juin 2029

Active
Gaêtan Danneels

Director · since 12 décembre 2023 · until 21 juin 2029

Active
Geoffrey Aerts

Director · since 12 décembre 2023 · until 08 décembre 2025

Active
Jacobus Boonen

Director · since 12 décembre 2023 · until 21 juin 2029

Active
Jean-Pierre Vereecken

Vice-chairman of the board of directors · since 12 décembre 2023 · until 21 juin 2029

Active
Marc Van Thournout

Director · since 12 décembre 2023 · until 21 juin 2029

Active
Nic Van Craen

Director · since 12 décembre 2023 · until 21 juin 2029

Active
Stéphanie Lepczynski

Director · since 12 décembre 2023 · until 21 juin 2029

Active
Thomas Ryckalts

Chairman of the board of directors · since 12 décembre 2023 · until 21 juin 2029

Active

Ended mandates

Ann Nieuwlandt

Director · since 12 décembre 2023 · until 21 juin 2029

Ended
Geoffrey Aerts

Director · since 12 décembre 2023 · until 21 juin 2029

Ended
Ann Nieuwlandt

Director · since 09 juin 2023 · until 21 juin 2029

Ended
Geoffrey Aerts

Director · since 09 juin 2023 · until 21 juin 2029

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates28/08/2026
    ONTSLAGEN, BENOEMINGEN
    PDF
  • Mandates01/12/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates15/02/2024
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
    PDF
  • Mandates11/01/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates20/10/2021
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates04/09/2020
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates13/08/2019
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates30/10/2018
    ONTSLAGEN - BENOEMINGEN
    PDF

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 2025-581,1 €↓
  2. 2024
    Annual accounts 2024124,5 k €↑
  3. 2023
    Annual accounts 2023-5,1 k €↑
  4. 2022
    Annual accounts 2022-109,6 k €↓
  5. 2021
    Annual accounts 2021-7,6 k €↓
  6. 2021
    Name changeICAB
  7. 2020
    Annual accounts 202030,5 k €↑
  8. 2019
    Annual accounts 2019-305,7 k €↓
  9. 2018
    Annual accounts 20187,9 k €↓
  10. 2017
    Annual accounts 201776,2 k €↑
  11. 2016
    Annual accounts 201661,4 k €↑
  12. 2015
    Annual accounts 201536,2 k €↓
  13. 2014
    Annual accounts 2014121,6 k €↑
  14. 2013
    Annual accounts 201363,7 k €↓
  15. 2012
    Annual accounts 2012385,6 k €↑
  16. 2011
    Annual accounts 2011-183,9 k €↓
  17. 2010
    Annual accounts 2010-117 k €↓
  18. 2009
    Annual accounts 2009-22,4 k €↓
  19. 2008
    Annual accounts 2008127,4 k €↑
  20. 2007
    Annual accounts 20077 k €↑
  21. 2006
    Annual accounts 20063 k €
  22. 2006
    Name changeIncubatiecentrum Arsenaal Brussel
  23. 14/10/2005
    IncorporationPublic limited company