ACTIVE

INDUSTRIAL COMPANY OF TECHNICAL SOLUTIONS

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Financial year 2025 · Closed on 31/12/2025

Net result10,2 k €-91,2 %over 1 year

Gross margin2,9 M €+8,9 %over 1 year

Equity886,9 k €+109,4 %over 1 year

Workforce41,6 ETP+8,6 %over 1 year

Identity

Source · BCE/KBO

INDUSTRIAL COMPANY OF TECHNICAL SOLUTIONS is a Public limited company incorporated in 2008. Its main activity is: Manufacture of metal structures and parts of structures. Its registered office is in Saint-Ghislain. It employs on average 41,6 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0895.469.158
Incorporation: 04/02/2008
Legal form: Public limited company
Registered office: Rue des Roseaux(B) 2
7331 Saint-Ghislain · WallonieSee on map
Contributed capital: 62 000,00 €
Latest accounts: 31/12/2025
Average workforce: 41,6 ETP

Activities (NACE)

25110Manufacture of metal structures and parts of structures· main 25110Manufacture of metal structures and parts of structures 43230Electrical, plumbing and other construction installation activities 43291Other construction installation 43350Building completion and finishing 43390Other building completion and finishing+2

Joint committees (2)

Signals

ProfitablePositive cashflowPositive EBITDA

Financials

Source · NBB, 17 filings

Trend over 17 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	2,9 M €	+8.9%	2,6 M €	-9.9%	2,9 M €	+8.4%	2,7 M €	+16.2%	2,3 M €
EBITDA	611,3 k €	-15.0%	719,5 k €	+694%	-121,2 k €	-152%	231,2 k €	-59.8%	575 k €
Operating result	178,9 k €	-18.2%	218,7 k €	+139%	-559,9 k €	-202%	-185,2 k €	-206%	175,2 k €
Net result	10,2 k €	-91.2%	116,3 k €	+118%	-651,9 k €	-120%	-296,8 k €	-345%	-66,7 k €
Balance sheet
Equity	886,9 k €	+109%	423,5 k €	+34.9%	314 k €	-67.5%	965,9 k €	-22.4%	1,2 M €
Total assets	5,2 M €	-2.1%	5,4 M €	+7.2%	5 M €	-12.1%	5,7 M €	-7.6%	6,2 M €
Cash	125 k €	-54.2%	273 k €	+84.9%	147,6 k €	+54.9%	95,3 k €	+43.4%	66,5 k €
Debts	4,4 M €	-11.7%	4,9 M €	+5.5%	4,7 M €	-1.0%	4,7 M €	-3.6%	4,9 M €
Other
Workforce	41,6 ETP	+8.6%	38,3 ETP	-11.3%	43,2 ETP	+1.2%	42,7 ETP	+8.9%	39,2 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 18 ended

Active mandates

Eric DELVAUX

Director · since 27 décembre 2023 · until 27 décembre 2029

Active

Giorgio SPINELLI

Director · since 27 décembre 2023 · until 27 décembre 2029

Active

Luigi CAMMALLERI

Managing director · since 27 décembre 2023 · until 27 décembre 2029

Active

Ended mandates

Giorgio Spinelli

Director · since 20 avril 2021 · until 20 avril 2027

Ended

Laura Lebrun

Director · since 20 avril 2021 · until 20 avril 2027

Ended

Luigi Cammalleri

Managing director · since 20 avril 2021 · until 20 avril 2027

Ended

Giorgio Spinelli

Director · since 22 avril 2015 · until 15 juin 2020

Ended

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged 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	07/09/2026	29/08/2025	29/08/2024	25/07/2023	15/09/2022	07/07/2021
General meeting	04/09/2026	20/06/2025	21/06/2024	16/06/2023	09/09/2022	28/06/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 17 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	04/09/2026	07/09/2026	French	PDF
Abridged model	31/12/2024	20/06/2025	29/08/2025	French	PDF
Abridged model	31/12/2023	21/06/2024	29/08/2024	French	PDF
Abridged model	31/12/2022	16/06/2023	25/07/2023	French	PDF
Abridged model	31/12/2021	09/09/2022	15/09/2022	French	PDF
Abridged model	31/12/2020	28/06/2021	07/07/2021	French	PDF
Abridged model	31/12/2019	20/04/2020	27/04/2020	French	PDF
Abridged model	31/12/2018	16/05/2019	22/05/2019	French	PDF
Abridged model	31/12/2017	15/06/2018	10/07/2018	French	PDF
Abridged model	31/12/2016	16/06/2017	29/08/2017	French	PDF
Abridged model	31/12/2015	17/06/2016	30/08/2016	French	PDF
Abridged model	31/12/2014	22/04/2015	27/04/2015	French	PDF
Abridged model	31/12/2013	20/06/2014	23/09/2014	French	PDF
Abridged model	31/12/2012	21/06/2013	02/09/2013	French	PDF
Abridged model	31/12/2011	15/06/2012	16/08/2012	French	PDF
Abridged model	31/12/2010	17/06/2011	06/08/2011	French	PDF
Abridged model	31/12/2009	18/06/2010	24/08/2010	French	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

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

3 active · 18 ended

Active mandates

Eric DELVAUX

Director · since 27 décembre 2023 · until 27 décembre 2029

Active

Giorgio SPINELLI

Director · since 27 décembre 2023 · until 27 décembre 2029

Active

Luigi CAMMALLERI

Managing director · since 27 décembre 2023 · until 27 décembre 2029

Active

Ended mandates

Giorgio Spinelli

Director · since 20 avril 2021 · until 20 avril 2027

Ended

Laura Lebrun

Director · since 20 avril 2021 · until 20 avril 2027

Ended

Luigi Cammalleri

Managing director · since 20 avril 2021 · until 20 avril 2027

Ended

Giorgio Spinelli

Director · since 22 avril 2015 · until 15 juin 2020

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates25/01/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DEMISSIONS, NOMINATIONS
PDF
Mandates13/09/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates17/05/2021
DEMISSIONS, NOMINATIONS
PDF
Registered office28/02/2017
SIEGE SOCIAL
PDF
Mandates13/05/2015
DEMISSIONS, NOMINATIONS
PDF
Registered office31/07/2013
SIEGE SOCIAL
PDF
Mandates19/10/2009
DEMISSIONS, NOMINATIONS
PDF
Mandates17/07/2009
DENOMINATION - SIEGE SOCIAL - OBJET - DEMISSIONS, NOMINATIONS
PDF

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A company's peers, by sector and size, are included in the Business plan.

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Timeline

2025
Annual accounts 202510,2 k €↓
2024
Annual accounts 2024116,3 k €↑
2023
Annual accounts 2023-651,9 k €↓
2022
Annual accounts 2022-296,8 k €↓
2022
Name changeICTS
2021
Annual accounts 2021-66,7 k €↓
2021
Name changeINDUSTRIAL COMPANY OF TECHNICAL SOLUTIONS
2020
Annual accounts 2020-40,2 k €↓
2019
Annual accounts 20191,9 k €↓
2018
Annual accounts 2018268,6 k €↑
2017
Annual accounts 201769,1 k €↓
2016
Annual accounts 2016120,7 k €↑
2015
Annual accounts 201586 k €↑
2014
Annual accounts 201459,4 k €↑
2013
Annual accounts 2013-59,4 k €↑
2012
Annual accounts 2012-87,6 k €↓
2011
Annual accounts 2011135,2 k €↓
2010
Annual accounts 2010200,1 k €↑
2009
Annual accounts 200938,4 k €
04/02/2008
IncorporationPublic limited company

INDUSTRIAL COMPANY OF TECHNICAL SOLUTIONS

Overview

Identity

Financials

Valuation

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

Timeline