ACTIVE

INEX-GROUP

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Financial year 2025 · closed on 31/12/2025

Net result

9,6 M €

+17.8% YoY

Revenue

3,2 M €

-4.2% YoY

Equity

83,2 M €

+13.1% YoY

Workforce

14,4 ETP

-6.5% YoY

What does INEX-GROUP do?

INEX-GROUP is a Public limited company incorporated in 2006. Its main activity is: Activities of holding companies. Its registered office is in Sint-Lievens-Houtem. It employs on average 14,4 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0883.592.301

Incorporation

19/09/2006

Legal form

Public limited company

Registered office

Meulestraat 19
9520 Sint-Lievens-Houtem · FlandreSee on map

Contributed capital

2 118 700,00 €

Latest accounts

31/12/2025

Average workforce

14,4 ETP

Activities (NACE)

64200Activities of holding companies· main 64210Activities of holding companies 66199Other activities auxiliary to financial services, except insurance and pension funding 66199Other activities auxiliary to financial services, except insurance and pension funding 74151Specialised design activities

Joint committees (3)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2013		2012		2011		2010		2008		2007		2006
Income statement
Revenue	3,2 M €	-4.2%	3,3 M €	+5.6%	3,2 M €	+17.6%	2,7 M €	-7.8%	2,9 M €	-17.1%	3,5 M €	+13.7%	3,1 M €	+2.7%	3 M €	+19.5%	2,5 M €	+11.6%	2,3 M €	-1.6%	2,3 M €	-6.6%	2,4 M €	+36.3%	1,8 M €	-32.6%	2,7 M €	+134%	1,1 M €	+59.7%	714,8 k €	-29.3%	1 M €	+48.6%	680,1 k €	+74.6%	389,6 k €		–
EBITDA	940,6 k €	+226%	288,7 k €	-17.3%	349,2 k €	-20.2%	437,8 k €	+26.5%	346 k €	-32.3%	511,4 k €	+21.0%	422,8 k €	-27.4%	582,1 k €	+20.5%	483,2 k €	+8.7%	444,4 k €	-22.4%	573,1 k €	+2.4%	559,5 k €	+27.2%	440 k €	-26.0%	594,3 k €	+152%	236,2 k €	+422%	-73,4 k €	-146%	159,2 k €	+9.6%	145,3 k €	+1119%	11,9 k €	+210%	-10,9 k €
Operating result	840,8 k €	+399%	168,4 k €	-23.7%	220,6 k €	+13.1%	195 k €	+528%	31,1 k €	-84.9%	206 k €	+27.5%	161,5 k €	-37.9%	259,9 k €	+54.4%	168,4 k €	-4.0%	175,5 k €	-44.0%	313,4 k €	-1.4%	317,7 k €	+3.4%	307,3 k €	-42.4%	533,2 k €	+126%	236,2 k €	+422%	-73,4 k €	-146%	159,2 k €	+9.6%	145,3 k €	+1119%	11,9 k €	+210%	-10,9 k €
Net result	9,6 M €	+17.8%	8,2 M €	+276%	2,2 M €	+1.9%	2,1 M €	-7.5%	2,3 M €	-13.7%	2,7 M €	-14.2%	3,1 M €	+58.2%	2 M €	-36.1%	3,1 M €	-9.8%	3,4 M €	+450%	621,7 k €	+70.8%	363,9 k €	-89.3%	3,4 M €	-81.7%	18,5 M €	+2308%	770 k €	+176%	279,4 k €	-99.7%	100,1 M €	+3455%	-3 M €	-11.1%	-2,7 M €	-24604%	-10,9 k €
Balance sheet
Equity	83,2 M €	+13.1%	73,6 M €	+2.6%	71,7 M €	-7.9%	77,8 M €	-0.2%	78 M €	-0.4%	78,2 M €	-1.7%	79,6 M €	+0.8%	79 M €	-2.5%	81 M €	-17.5%	98,1 M €	+2.5%	95,7 M €	+0.7%	95,1 M €	-31.2%	138,2 M €	+1.8%	135,8 M €	+15.8%	117,3 M €	-14.1%	136,5 M €	+0.2%	136,2 M €	+277%	36,1 M €	-7.6%	39,1 M €	+30.0%	30,1 M €
Total assets	84,4 M €	+1.0%	83,5 M €	+3.5%	80,7 M €	+0.1%	80,6 M €	-0.5%	81,1 M €	-2.0%	82,7 M €	+0.2%	82,6 M €	-1.1%	83,5 M €	-17.7%	101,5 M €	+2.1%	99,4 M €	+3.6%	95,9 M €	+0.6%	95,3 M €	-31.2%	138,5 M €	+1.6%	136,4 M €	+16.1%	117,5 M €	-14.0%	136,7 M €	+0.3%	136,3 M €	+16.9%	116,6 M €	+0.1%	116,5 M €	+287%	30,1 M €
Cash	279,5 k €	-27.2%	383,8 k €	-54.5%	843,2 k €	+9.4%	770,7 k €	-40.5%	1,3 M €	+27.0%	1 M €	-37.1%	1,6 M €	+369%	346,3 k €	-96.4%	9,6 M €	+444%	1,8 M €	-62.9%	4,7 M €	+1203%	364,3 k €	-13.5%	421,4 k €	-27.0%	577,2 k €	+145%	235,8 k €	+208%	76,5 k €	+13.7%	67,3 k €	+43.9%	46,8 k €	+174%	17 k €	-14.8%	20 k €
Debts	1,1 M €	-88.6%	10 M €	+10.7%	9 M €	+219%	2,8 M €	-8.8%	3,1 M €	-31.1%	4,5 M €	+48.6%	3 M €	-34.0%	4,6 M €	-77.7%	20,5 M €	+1540%	1,3 M €	+570%	186,8 k €	-18.9%	230,3 k €	-14.5%	269,5 k €	-49.7%	535,7 k €	+156%	209,2 k €	+18.7%	176,2 k €	+72.5%	102,2 k €	-99.9%	80,5 M €	+3.9%	77,4 M €	+250647%	30,9 k €
Other
Workforce	14,4 ETP	-6.5%	15,4 ETP	-10.5%	17,2 ETP	+14.7%	15,0 ETP	+2.7%	14,6 ETP	-11.5%	16,5 ETP	+13.8%	14,5 ETP	0.0%	14,5 ETP	-0.7%	14,6 ETP	-0.7%	14,7 ETP	+1.4%	14,5 ETP	-8.8%	15,9 ETP	-13.1%	18,3 ETP	-7.6%	19,8 ETP	+128%	8,7 ETP	+31.8%	6,6 ETP	+3.1%	6,4 ETP	+6.7%	6,0 ETP	+13.2%	5,3 ETP		–

Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 6 active · 40 ended

Active mandates

Focus4Growth

Director · since 02 juin 2025 · until 01 juin 2028 · 0734.822.609

Represented by Eric Lauwers

Active

ARGALIX

Director · since 28 juin 2024 · until 01 juin 2027 · 0808.841.131

Represented by Francis Kint

Active

Catherine Gilain-Pycke

Managing director · since 28 juin 2024 · until 01 juin 2030

Active

Daisy Davignon-Pycke

Managing director · since 28 juin 2024 · until 01 juin 2030

Active

Christophe Gilain

Director · since 01 juin 2023 · until 01 juin 2029

Active

Vincent Davignon

Director · since 01 juin 2023 · until 01 juin 2029

Active

Ended mandates

Focus4Growth

Director · since 02 juin 2022 · until 02 juin 2025 · 0734.822.609

Represented by Eric Lauwers

Ended

ARGALIX

Director · since 01 juin 2021 · until 03 juin 2024 · 0808.841.131

Represented by Francis Kint

Ended

ARGALIX

Director · since 01 juin 2021 · until 28 juin 2024 · 0808.841.131

Represented by Francis Kint

Ended

Focus4Growth

Director · since 25 septembre 2019 · until 01 juin 2022 · 0734.822.609

Represented by Eric Lauwers

Ended

At this address

Other companies at this address

Company	CBE no.
Inex● Active	0413.000.264
INEX● Active	0413.967.690
INEX BTW-EENHEID● Active	0810.878.824
Inex Food● Active	1015.910.692
Melkerij Kosto● Active	0405.193.150
Melkerij Sint Clement● Active	0404.049.639
M - TRANS● Active	0436.892.750
Nerilac● Active	0400.643.058

Annual accounts

Full financial information

	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	07/07/2026	25/06/2025	26/07/2024	26/06/2023	27/06/2022	24/06/2021
General meeting	10/06/2026	02/06/2025	28/06/2024	01/06/2023	01/06/2022	01/06/2021
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

39 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	10/06/2026	07/07/2026	Dutch	PDF
Full model	31/12/2024	02/06/2025	25/06/2025	Dutch	PDF
Consolidated accounts	31/12/2024	02/06/2025	25/06/2025	Dutch	PDF
Full model	31/12/2023	28/06/2024	26/07/2024	Dutch	PDF
Consolidated accounts	31/12/2023	28/06/2024	26/07/2024	Dutch	PDF
Full model	31/12/2022	01/06/2023	26/06/2023	Dutch	PDF
Consolidated accounts	31/12/2022	01/06/2023	26/06/2023	Dutch	PDF
Full model	31/12/2021	01/06/2022	27/06/2022	Dutch	PDF
Consolidated accounts	31/12/2021	01/06/2022	28/06/2022	Dutch	PDF
Full model	31/12/2020	01/06/2021	24/06/2021	Dutch	PDF
Consolidated accounts	31/12/2020	01/06/2021	24/06/2021	Dutch	PDF
Full model	31/12/2019	02/06/2020	23/06/2020	Dutch	PDF
Consolidated accounts	31/12/2019	02/06/2020	23/06/2020	Dutch	PDF
Full model	31/12/2018	03/06/2019	24/06/2019	Dutch	PDF
Consolidated accounts	31/12/2018	03/06/2019	24/06/2019	Dutch	PDF
Full model	31/12/2017	01/06/2018	11/06/2018	Dutch	PDF
Consolidated accounts	31/12/2017	01/06/2018	11/06/2018	Dutch	PDF
Full model	31/12/2016	06/06/2017	19/06/2017	Dutch	PDF
Consolidated accounts	31/12/2016	06/06/2017	20/06/2017	Dutch	PDF
Full model	31/12/2015	02/06/2016	16/06/2016	Dutch	PDF
Consolidated accounts	31/12/2015	02/06/2016	29/06/2016	Dutch	PDF
Full model	31/12/2014	02/06/2015	16/06/2015	Dutch	PDF
Consolidated accounts	31/12/2014	02/06/2015	17/06/2015	Dutch	PDF
Full model	31/12/2013	02/06/2014	25/06/2014	Dutch	PDF

View all 39 filings

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 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 · 6 active · 40 ended

Active mandates

Focus4Growth

Director · since 02 juin 2025 · until 01 juin 2028 · 0734.822.609

Represented by Eric Lauwers

Active

ARGALIX

Director · since 28 juin 2024 · until 01 juin 2027 · 0808.841.131

Represented by Francis Kint

Active

Catherine Gilain-Pycke

Managing director · since 28 juin 2024 · until 01 juin 2030

Active

Daisy Davignon-Pycke

Managing director · since 28 juin 2024 · until 01 juin 2030

Active

Christophe Gilain

Director · since 01 juin 2023 · until 01 juin 2029

Active

Vincent Davignon

Director · since 01 juin 2023 · until 01 juin 2029

Active

Ended mandates

Focus4Growth

Director · since 02 juin 2022 · until 02 juin 2025 · 0734.822.609

Represented by Eric Lauwers

Ended

ARGALIX

Director · since 01 juin 2021 · until 03 juin 2024 · 0808.841.131

Represented by Francis Kint

Ended

ARGALIX

Director · since 01 juin 2021 · until 28 juin 2024 · 0808.841.131

Represented by Francis Kint

Ended

Focus4Growth

Director · since 25 septembre 2019 · until 01 juin 2022 · 0734.822.609

Represented by Eric Lauwers

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates20/08/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates30/07/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates14/07/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates03/02/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates13/08/2021
ONTSLAGEN - BENOEMINGEN
PDF
Other20/01/2021
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates29/10/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates05/04/2019
ONTSLAGEN - BENOEMINGEN
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 20259,6 M €↑
02/06/2025
reconductionFocus4Growth BV — bestuurder
2024
Annual accounts 20248,2 M €↑
28/06/2024
reconductionCatherine Gitain-Pycke — bestuurder
28/06/2024
reconductionDaisy Davignon-Pycke — bestuurder
28/06/2024
nominationCatherine Gilain-Pycke — afgevaardigd bestuurder
28/06/2024
nominationDaisy Davignon-Pycke — afgevaardigd bestuurder
28/06/2024
nominationKen Snoeks — vaste vertegenwoordiger
2023
Annual accounts 20232,2 M €↑
01/06/2023
reconductionChristophe Gilain — bestuurder
01/06/2023
reconductionGraaf Vincent Davignon — bestuurder
2022
Annual accounts 20222,1 M €↓
01/06/2022
reconductionFocus4Growth — onafhankelijk bestuurder
2021
Annual accounts 20212,3 M €↓
2020
Annual accounts 20202,7 M €↓
2019
Annual accounts 20193,1 M €↑
2018
Annual accounts 20182 M €↓
2017
Annual accounts 20173,1 M €↓
2016
Annual accounts 20163,4 M €↑
2015
Annual accounts 2015621,7 k €↑
2014
Annual accounts 2014363,9 k €↓
2013
Annual accounts 20133,4 M €↓
2013
Annual accounts 201318,5 M €↑
2012
Annual accounts 2012770 k €↑
2011
Annual accounts 2011279,4 k €↓
2010
Annual accounts 2010100,1 M €↑
2008
Annual accounts 2008-3 M €↓
2007
Annual accounts 2007-2,7 M €↓
2006
Annual accounts 2006-10,9 k €
19/09/2006
IncorporationPublic 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

INEX-GROUP

Overview

What does INEX-GROUP do?

Trend over 20 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