ACTIVE

IncaF

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Financial year 2025 · closed on 31/12/2025

Net result

395,9 k €

+94.0% YoY

Gross margin

281,2 k €

-20.6% YoY

Equity

3,4 M €

+11.5% YoY

What does IncaF do?

IncaF is a Private limited company incorporated in 2006. Its main activity is: Management consultancy activities. Its registered office is in Maarkedal.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0880.834.036

Incorporation

20/04/2006

Legal form

Private limited company

Registered office

Hofveldstraat 66
9688 Maarkedal · FlandreSee on map

Contributed capital

12 400,00 €

Latest accounts

31/12/2025

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 74142Specialised design activities

Joint committees (5)

100
1000
200
2000
218

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	281,2 k €	-20.6%	354,3 k €	-20.3%	444,5 k €	+65.2%	269,1 k €	+24.5%	216 k €	-30.8%	312,2 k €	+11.0%	281,4 k €	+1.4%	277,4 k €	-11.3%	312,6 k €	+89.1%	165,4 k €	-20.6%	208,1 k €	-3.7%	216,2 k €	+16.1%	186,2 k €	-6.6%	199,4 k €	+42.8%	139,6 k €	+27.3%	109,6 k €	-20.0%	137 k €	-18.0%	167,1 k €	+18.2%	141,3 k €
EBITDA	279,6 k €	-17.8%	340,1 k €	-20.8%	429,1 k €	+68.7%	254,4 k €	+24.7%	204 k €	-46.3%	379,8 k €	+39.3%	272,6 k €	+30.1%	209,6 k €	-31.6%	306,3 k €	+88.9%	162,1 k €	-20.5%	204 k €	-0.1%	204,1 k €	+10.7%	184,4 k €	-7.0%	198,3 k €	+43.6%	138,2 k €	+27.3%	108,5 k €	-19.8%	135,3 k €	-18.6%	166,2 k €	+17.8%	141,1 k €
Operating result	200,8 k €	-23.5%	262,6 k €	-27.2%	360,9 k €	+85.3%	194,7 k €	+27.3%	153 k €	-58.0%	364,4 k €	+53.1%	238 k €	+31.6%	180,9 k €	-35.3%	279,6 k €	+98.5%	140,8 k €	-21.7%	179,8 k €	-1.3%	182,2 k €	+12.3%	162,3 k €	-7.9%	176,3 k €	+51.5%	116,3 k €	+30.0%	89,5 k €	-28.9%	125,9 k €	-21.8%	161,1 k €	+20.2%	134 k €
Net result	395,9 k €	+94.0%	204,1 k €	-68.6%	650,3 k €	+96.4%	331,1 k €	+66.7%	198,6 k €	-37.3%	316,7 k €	+27.8%	247,8 k €	-22.3%	318,7 k €	+72.0%	185,3 k €	-5.2%	195,5 k €	+11.6%	175,2 k €	+33.8%	130,9 k €	+24.8%	104,9 k €	-27.4%	144,5 k €	+82.2%	79,3 k €	+2.7%	77,2 k €	-6.8%	82,8 k €	-4.2%	86,4 k €	-1.1%	87,3 k €
Balance sheet
Equity	3,4 M €	+11.5%	3 M €	+5.4%	2,9 M €	+24.3%	2,3 M €	+16.8%	2 M €	+11.2%	1,8 M €	+19.3%	1,5 M €	+15.3%	1,3 M €	+30.1%	991,8 k €	+18.6%	836,6 k €	+24.7%	671,1 k €	+30.1%	515,8 k €	+24.3%	414,9 k €	+22.0%	340 k €	+50.8%	225,4 k €	-34.9%	346,1 k €	+28.7%	268,9 k €	+44.5%	186,1 k €	+86.6%	99,7 k €
Total assets	3,7 M €	+8.0%	3,5 M €	-3.8%	3,6 M €	+33.6%	2,7 M €	+14.6%	2,4 M €	+7.4%	2,2 M €	+11.8%	2 M €	+16.8%	1,7 M €	+8.4%	1,6 M €	-14.0%	1,8 M €	+0.5%	1,8 M €	+23.8%	1,5 M €	+40.2%	1 M €	-0.9%	1 M €	-5.9%	1,1 M €	+197%	373,1 k €	-8.7%	408,5 k €	+15.1%	355 k €	+89.7%	187,1 k €
Cash	274,6 k €	+136%	116,4 k €	-28.1%	161,8 k €	-31.7%	236,9 k €	+305%	58,5 k €	-62.4%	155,8 k €	+23.2%	126,4 k €	-50.7%	256,6 k €	+94.8%	131,7 k €	-13.3%	151,8 k €	-65.0%	433,8 k €	+302%	108 k €	+117%	49,7 k €	+0.4%	49,5 k €	-55.1%	110,1 k €	+77.6%	62 k €	-73.2%	231,4 k €	-11.7%	262,2 k €	+603%	37,3 k €
Debts	381,8 k €	-15.3%	450,5 k €	-39.1%	740 k €	+93.8%	381,9 k €	+2.7%	371,8 k €	-11.3%	418,9 k €	+6.3%	394,3 k €	+20.9%	326,1 k €	-41.5%	557,5 k €	-42.0%	962 k €	-14.0%	1,1 M €	+20.3%	930,2 k €	+50.8%	616,7 k €	-11.3%	695,5 k €	-20.5%	875,3 k €	+3423%	24,8 k €	-81.8%	136,6 k €	-17.6%	165,9 k €	+92.3%	86,2 k €
Other
Workforce	–		–		–		–		0,3 ETP	0.0%	0,3 ETP		–		–		–		–		–		0,3 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 31/12/2025 · 1 active · 2 ended

Active mandates

JOHAN FRANCEUS

Director

Active

Ended mandates

Johan Franceus

Mandate

Ended

Johan Franceus

Manager

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Abridged model	Abridged 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	29/05/2026	12/06/2025	02/07/2024	09/08/2023	07/06/2022	28/05/2021
General meeting	28/05/2026	24/05/2025	29/06/2024	06/05/2023	07/05/2022	21/05/2021
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

Ratios

Financial ratios

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Filings

Annual accounts filings

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	28/05/2026	29/05/2026	Dutch	PDF
Micro model	31/12/2024	24/05/2025	12/06/2025	Dutch	PDF
Micro model	31/12/2023	29/06/2024	02/07/2024	Dutch	PDF
Micro model	31/12/2022	06/05/2023	09/08/2023	Dutch	PDF
Abridged model	31/12/2021	07/05/2022	07/06/2022	Dutch	PDF
Abridged model	31/12/2020	21/05/2021	28/05/2021	Dutch	PDF
Micro model	31/12/2019	02/05/2020	04/08/2020	Dutch	PDF
Micro model	31/12/2018	04/05/2019	01/07/2019	Dutch	PDF
Micro model	31/12/2017	05/05/2018	16/05/2018	Dutch	PDF
Micro model	31/12/2016	06/05/2017	22/05/2017	Dutch	PDF
Abridged model	31/12/2015	07/05/2016	18/05/2016	Dutch	PDF
Abridged model	31/12/2014	02/05/2015	17/06/2015	Dutch	PDF
Abridged model	31/12/2013	28/06/2014	15/07/2014	Dutch	PDF
Abridged model	31/12/2012	29/06/2013	19/07/2013	Dutch	PDF
Abridged model	31/12/2011	05/08/2012	31/08/2012	Dutch	PDF
Abridged model	31/12/2010	09/07/2011	25/07/2011	Dutch	PDF
Abridged model	31/12/2009	17/07/2010	13/08/2010	Dutch	PDF
Abridged model	31/12/2008	25/07/2009	27/08/2009	Dutch	PDF
Abridged model	31/12/2007	03/05/2008	24/07/2008	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 31/12/2025 · 1 active · 2 ended

Active mandates

JOHAN FRANCEUS

Director

Active

Ended mandates

Johan Franceus

Mandate

Ended

Johan Franceus

Manager

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates25/01/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Mandates19/02/2016
ONTSLAGEN - BENOEMINGEN
PDF
Other02/05/2006
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

2025
Annual accounts 2025395,9 k €↑
2024
Annual accounts 2024204,1 k €↓
2023
Annual accounts 2023650,3 k €↑
2022
Annual accounts 2022331,1 k €↑
2021
Annual accounts 2021198,6 k €↓
2020
Annual accounts 2020316,7 k €↑
2019
Annual accounts 2019247,8 k €↓
2018
Annual accounts 2018318,7 k €↑
2017
Annual accounts 2017185,3 k €↓
2016
Annual accounts 2016195,5 k €↑
2015
Annual accounts 2015175,2 k €↑
2014
Annual accounts 2014130,9 k €↑
2013
Annual accounts 2013104,9 k €↓
2012
Annual accounts 2012144,5 k €↑
2011
Annual accounts 201179,3 k €↑
2010
Annual accounts 201077,2 k €↓
2009
Annual accounts 200982,8 k €↓
2008
Annual accounts 200886,4 k €↓
2007
Annual accounts 200787,3 k €
20/04/2006
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

IncaF

Overview

What does IncaF do?

Trend over 19 financial years

Indicative valuation

Board of directors

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