ACTIVE

INGENIM

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Financial year 2025 · closed on 31/12/2025

Net result

-41 k €

-1165.6% YoY

Gross margin

10,3 k €

-66.8% YoY

Equity

540,8 k €

-33.3% YoY

What does INGENIM do?

INGENIM is a Public limited company incorporated in 2006. Its main activity is: Development of building projects. Its registered office is in Forest.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0885.894.367

Incorporation

22/12/2006

Legal form

Public limited company

Registered office

Rue Marguerite Bervoets 60
1190 Forest · BruxellesSee on map

Contributed capital

90 000,00 €

Latest accounts

31/12/2025

Activities (NACE)

41101Development of building projects· main 68121Buying and selling of own real estate 70111Activities of head offices 41102Development of building projects 68122Buying and selling of own real estate 70112Activities of head offices+1

Signals

Solid equityLow riskGood liquidityPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008
Income statement
Gross margin	10,3 k €	-66.8%	30,9 k €	+143%	-71 k €	-131%	232,6 k €	-42.6%	405,2 k €	+415%	78,6 k €	+186%	27,4 k €	+76.2%	15,6 k €	+33.1%	11,7 k €	-82.2%	65,9 k €	+42.9%	46,1 k €	-44.5%	83,2 k €	-41.6%	142,5 k €	-60.6%	361,3 k €	+446%	66,2 k €	+160%	-109,8 k €	-255%	70,8 k €	+7492%	932,5 €
EBITDA	7,1 k €	-58.6%	17,2 k €	+115%	-118,4 k €	-152%	227,8 k €	-43.5%	403 k €	+424%	76,9 k €	+205%	25,2 k €	+89.4%	13,3 k €	+42.0%	9,4 k €	-85.1%	62,9 k €	+49.5%	42,1 k €	-46.7%	78,9 k €	-44.0%	140,9 k €	-60.0%	352,5 k €	+446%	64,6 k €	+157%	-113,5 k €	-262%	70 k €	+317%	-32,3 k €
Operating result	-5,3 k €	-206%	5 k €	+104%	-128,4 k €	-158%	219,7 k €	-44.3%	394,3 k €	+448%	72 k €	+189%	24,9 k €	+87.5%	13,3 k €	+42.0%	9,4 k €	-85.1%	62,7 k €	+58.6%	39,5 k €	-49.8%	78,7 k €	-44.1%	140,9 k €	-60.0%	352,5 k €	+446%	64,6 k €	+157%	-113,5 k €	-262%	70 k €	+317%	-32,3 k €
Net result	-41 k €	-1166%	-3,2 k €	+97.7%	-143,8 k €	-165%	220,4 k €	-33.0%	328,9 k €	+869%	33,9 k €	+122%	15,3 k €	+165%	5,8 k €	-2.6%	5,9 k €	-87.3%	46,8 k €	+59.4%	29,3 k €	-52.7%	62 k €	-32.8%	92,3 k €	-63.2%	250,5 k €	+291%	64 k €	+155%	-116,6 k €	-290%	61,3 k €	+248%	-41,4 k €
Balance sheet
Equity	540,8 k €	-33.3%	811,1 k €	-1.1%	820,1 k €	-14.9%	963,9 k €	+29.6%	743,5 k €	+79.3%	414,6 k €	+8.9%	380,7 k €	+0.2%	379,8 k €	+1.5%	374 k €	-37.5%	598,1 k €	+8.5%	551,3 k €	+5.6%	522 k €	+13.5%	460 k €	+25.1%	367,7 k €	+214%	117,2 k €	+120%	53,2 k €	-68.7%	169,8 k €	+56.4%	108,6 k €
Total assets	966,5 k €	-10.9%	1,1 M €	+10.5%	981,4 k €	-12.0%	1,1 M €	-35.8%	1,7 M €	+3.3%	1,7 M €	+220%	526,2 k €	-5.4%	556,4 k €	-7.8%	603,2 k €	-11.3%	679,8 k €	-5.9%	722,6 k €	-1.1%	730,9 k €	-23.3%	953,5 k €	-16.9%	1,1 M €	-29.0%	1,6 M €	+25.8%	1,3 M €	+164%	487,4 k €	-33.9%	737,1 k €
Cash	689,1 k €	+161%	263,5 k €	-42.5%	458,4 k €	-48.5%	889,4 k €	-8.7%	974 k €	+102%	481,2 k €	+154%	189,1 k €	+29.4%	146,2 k €	-44.4%	262,8 k €	+21.7%	215,9 k €	+47.1%	146,8 k €	-57.3%	344 k €	+63.1%	210,9 k €	-19.1%	260,8 k €	+0.1%	260,5 k €	+15.7%	225,2 k €	+134%	96,1 k €	-1.2%	97,3 k €
Debts	405,7 k €	+56.7%	259 k €	+68.7%	153,5 k €	+6.7%	143,8 k €	-85.5%	992 k €	-21.7%	1,3 M €	+778%	144,3 k €	-15.1%	170 k €	-25.0%	226,6 k €	+182%	80,3 k €	-52.0%	167,3 k €	-19.0%	206,4 k €	-57.9%	490,6 k €	-36.6%	774,2 k €	-48.2%	1,5 M €	+21.5%	1,2 M €	+287%	317,5 k €	-49.4%	627,6 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 17 ended

Active mandates

Marie DE WITTE

Director · since 21 août 2023 · until 21 août 2029

Active

Patrick ANGLADE

Managing director · since 21 août 2023 · until 21 août 2029

Active

Ended mandates

Patrick ANGLADE

Managing director · since 04 juin 2022 · until 04 juin 2028

Ended

Philippe DE WITTE

Managing director · since 04 juin 2022 · until 04 juin 2028

Ended

Marie DE WITTE

Director · since 04 juin 2016 · until 04 mars 2022

Ended

Marie DE WITTE

Director · since 04 juin 2016 · until 04 juin 2022

Ended

At this address

Other companies at this address

Company	CBE no.
ATIGEN● Active	1039.403.302
ATI-GROUP● Active	0664.643.901
ATIMMO● Active	0466.328.785
ATIMMO GROUP● Active	0671.860.404
Nicolas Lesens - Architecture et Expertise● Active	0673.948.872

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Abridged model	Abridged model	Abridged model	Micro model	Micro 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	17/07/2026	29/09/2025	27/09/2024	31/08/2023	20/06/2022	21/06/2021
General meeting	28/06/2026	22/09/2025	28/08/2024	25/08/2023	04/06/2022	05/06/2021
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

18 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	28/06/2026	17/07/2026	Dutch	PDF
Abridged model	31/12/2024	22/09/2025	29/09/2025	Dutch	PDF
Abridged model	31/12/2023	28/08/2024	27/09/2024	Dutch	PDF
Abridged model	31/12/2022	25/08/2023	31/08/2023	Dutch	PDF
Micro model	31/12/2021	04/06/2022	20/06/2022	Dutch	PDF
Micro model	31/12/2020	05/06/2021	21/06/2021	Dutch	PDF
Micro model	31/12/2019	05/06/2020	07/07/2020	Dutch	PDF
Micro model	31/12/2018	24/06/2019	27/06/2019	Dutch	PDF
Micro model	31/12/2017	02/03/2018	14/05/2018	Dutch	PDF
Micro model	31/12/2016	03/03/2017	04/05/2017	Dutch	PDF
Abridged model	31/12/2015	04/06/2016	06/06/2016	Dutch	PDF
Abridged model	31/12/2014	06/05/2015	22/05/2015	Dutch	PDF
Abridged model	31/12/2013	07/03/2014	31/03/2014	Dutch	PDF
Abridged model	31/12/2012	27/06/2013	23/07/2013	Dutch	PDF
Abridged model	31/12/2011	02/05/2012	14/05/2012	Dutch	PDF
Abridged model	31/12/2010	04/06/2011	15/06/2011	Dutch	PDF
Abridged model	31/12/2009	25/06/2010	28/06/2010	Dutch	PDF
Abridged model	30/09/2008	31/03/2009	06/05/2009	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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 · 2 active · 17 ended

Active mandates

Marie DE WITTE

Director · since 21 août 2023 · until 21 août 2029

Active

Patrick ANGLADE

Managing director · since 21 août 2023 · until 21 août 2029

Active

Ended mandates

Patrick ANGLADE

Managing director · since 04 juin 2022 · until 04 juin 2028

Ended

Philippe DE WITTE

Managing director · since 04 juin 2022 · until 04 juin 2028

Ended

Marie DE WITTE

Director · since 04 juin 2016 · until 04 mars 2022

Ended

Marie DE WITTE

Director · since 04 juin 2016 · until 04 juin 2022

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Registered office24/06/2026
MAATSCHAPPELIJKE ZETEL
PDF
Mandates26/09/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN
PDF
Mandates27/12/2022
ONTSLAGEN - BENOEMINGEN
PDF
Registered office28/07/2020
MAATSCHAPPELIJKE ZETEL
PDF
Registered office29/11/2018
MAATSCHAPPELIJKE ZETEL
PDF
Capital / shares02/10/2017
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates23/06/2016
ONTSLAGEN - BENOEMINGEN
PDF
Mandates15/07/2010
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 2025-41 k €↓
2024
Annual accounts 2024-3,2 k €↑
2023
Annual accounts 2023-143,8 k €↓
2022
Annual accounts 2022220,4 k €↓
2021
Annual accounts 2021328,9 k €↑
2020
Annual accounts 202033,9 k €↑
2019
Annual accounts 201915,3 k €↑
2018
Annual accounts 20185,8 k €↓
2017
Annual accounts 20175,9 k €↓
2016
Annual accounts 201646,8 k €↑
2015
Annual accounts 201529,3 k €↓
2014
Annual accounts 201462 k €↓
2013
Annual accounts 201392,3 k €↓
2012
Annual accounts 2012250,5 k €↑
2011
Annual accounts 201164 k €↑
2010
Annual accounts 2010-116,6 k €↓
2009
Annual accounts 200961,3 k €↑
2008
Annual accounts 2008-41,4 k €
22/12/2006
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

INGENIM

Overview

What does INGENIM do?

Trend over 18 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