ACTIVE

CARBSTONE INNOVATION

Financial year 2025 · Closed on 31/12/2025

Net result8,9 k €-79,6 %over 1 year

Gross margin209,7 k €+20,1 %over 1 year

Equity2,4 M €+0,4 %over 1 year

Identity

Source · BCE/KBO

CARBSTONE INNOVATION is a Public limited company incorporated in 2008. Its main activity is: Research and experimental development on natural sciences and engineering. Its registered office is in Genk.

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0897.553.074
Incorporation: 24/04/2008
Legal form: Public limited company
Registered office: Henry Fordlaan 84
3600 Genk · FlandreSee on map
Contributed capital: 2 062 000,00 €
Latest accounts: 31/12/2025

Activities (NACE)

72109Research and experimental development on natural sciences and engineering· main 72190Other research and experimental development on natural sciences and engineering 82990Other business support service activities n.e.c.82990Other business support service activities n.e.c.

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 18 filings

Trend over 18 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	209,7 k €	+20.1%	174,6 k €	+2.3%	170,7 k €	+2.4%	166,7 k €	+214%	53,2 k €
EBITDA	18,8 k €	-71.2%	65,3 k €	+70.2%	38,4 k €	+25.5%	30,6 k €	-41.5%	52,2 k €
Operating result	15,4 k €	-75.1%	61,9 k €	+77.0%	35 k €	+14.5%	30,5 k €	-41.5%	52,2 k €
Net result	8,9 k €	-79.6%	43,5 k €	+84.1%	23,6 k €	+76.4%	13,4 k €	-48.8%	26,2 k €
Balance sheet
Equity	2,4 M €	+0.4%	2,4 M €	+1.9%	2,3 M €	+1.0%	2,3 M €	+0.6%	2,3 M €
Total assets	2,5 M €	+3.5%	2,4 M €	+1.6%	2,4 M €	+0.7%	2,4 M €	+2.9%	2,3 M €
Cash	2,2 M €	-2.2%	2,3 M €	+1.8%	2,2 M €	+1.3%	2,2 M €	-3.4%	2,3 M €
Debts	45,2 k €	-10.3%	50,5 k €	-10.1%	56,1 k €	-11.9%	63,7 k €	+454%	11,5 k €

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

3 active · 11 ended

Active mandates

Daniël Joseph Vanschoonbeek

Managing director · since 05 juin 2020 · until 05 juin 2026

Active

Serge Leon Celis

Managing director · since 05 juin 2020 · until 05 juin 2026

Active

VLAAMSE INSTELLING VOOR TECHNOLOGISCH ONDERZOEK

Director · since 05 juin 2020 · until 05 juin 2026 · 0244.195.916

Represented by Fransaer dirk

Active

Ended mandates

VLAAMSE INSTELLING VOOR TECHNOLOGISCH ONDERZOEK

Director · since 05 juin 2020 · until 05 juin 2026 · 0244.195.916

Represented by Dirk Fransaer

Ended

Daniël Joseph Vanschoonbeek

Managing director · since 06 juin 2014 · until 06 juin 2020

Ended

Daniël Vanschoonbeek

Managing director · since 06 juin 2014 · until 06 juin 2020

Ended

Serge Celis

Managing director · since 06 juin 2014 · until 06 juin 2020

Ended

Other companies at this address

Henry Fordlaan 84 3600 Genk

Company	CBE no.
INVEST COMPANY GENK● Active	0544.728.145
ORBIX● Active	0452.748.785
ORBIX Productions● Active	0477.301.960
ORBIX REFRACTORIES● Active	0432.936.536

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro 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	08/06/2026	26/06/2025	25/06/2024	28/08/2023	30/08/2022	23/08/2021
General meeting	05/06/2026	06/06/2025	07/06/2024	02/06/2023	03/06/2022	04/06/2021
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, 18 filings

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	05/06/2026	08/06/2026	Dutch	PDF
Micro model	31/12/2024	06/06/2025	26/06/2025	Dutch	PDF
Micro model	31/12/2023	07/06/2024	25/06/2024	Dutch	PDF
Micro model	31/12/2022	02/06/2023	28/08/2023	Dutch	PDF
Micro model	31/12/2021	03/06/2022	30/08/2022	Dutch	PDF
Abridged model	31/12/2020	04/06/2021	23/08/2021	Dutch	PDF
Abridged model	31/12/2019	05/06/2020	08/07/2020	Dutch	PDF
Abridged model	31/12/2018	07/06/2019	19/06/2019	Dutch	PDF
Abridged model	31/12/2017	01/06/2018	18/06/2018	Dutch	PDF
Abridged model	31/12/2016	02/06/2017	30/08/2017	Dutch	PDF
Abridged model	31/12/2015	03/06/2016	05/07/2016	Dutch	PDF
Abridged model	31/12/2014	05/06/2015	19/08/2015	Dutch	PDF
Abridged model	31/12/2013	06/06/2014	21/08/2014	Dutch	PDF
Abridged model	31/12/2012	07/06/2013	22/08/2013	Dutch	PDF
Abridged model	31/12/2011	01/06/2012	20/07/2012	Dutch	PDF
Abridged model	31/12/2010	03/06/2011	22/08/2011	Dutch	PDF
Abridged model	31/12/2009	04/06/2010	13/07/2010	Dutch	PDF
Abridged model	31/12/2008	05/06/2009	30/06/2009	Dutch	PDF

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

3 active · 11 ended

Active mandates

Daniël Joseph Vanschoonbeek

Managing director · since 05 juin 2020 · until 05 juin 2026

Active

Serge Leon Celis

Managing director · since 05 juin 2020 · until 05 juin 2026

Active

VLAAMSE INSTELLING VOOR TECHNOLOGISCH ONDERZOEK

Director · since 05 juin 2020 · until 05 juin 2026 · 0244.195.916

Represented by Fransaer dirk

Active

Ended mandates

VLAAMSE INSTELLING VOOR TECHNOLOGISCH ONDERZOEK

Director · since 05 juin 2020 · until 05 juin 2026 · 0244.195.916

Represented by Dirk Fransaer

Ended

Daniël Joseph Vanschoonbeek

Managing director · since 06 juin 2014 · until 06 juin 2020

Ended

Daniël Vanschoonbeek

Managing director · since 06 juin 2014 · until 06 juin 2020

Ended

Serge Celis

Managing director · since 06 juin 2014 · until 06 juin 2020

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates16/07/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates04/11/2014
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares31/07/2009
KAPITAAL - AANDELEN
PDF
Other07/05/2008
RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
PDF

Similar companies

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

See the Business plan

Timeline

2025
Annual accounts 20258,9 k €↓
2024
Annual accounts 202443,5 k €↑
2023
Annual accounts 202323,6 k €↑
2022
Annual accounts 202213,4 k €↓
2021
Annual accounts 202126,2 k €↑
2020
Annual accounts 20201,3 k €↓
2019
Annual accounts 20192,7 k €↓
2018
Annual accounts 201879,1 k €↑
2017
Annual accounts 2017-18,4 k €↓
2016
Annual accounts 201639,1 k €↑
2015
Annual accounts 201526,3 k €↓
2014
Annual accounts 201438,4 k €↑
2013
Annual accounts 2013-25,4 k €↓
2012
Annual accounts 201215 k €↑
2011
Annual accounts 201113,9 k €↓
2010
Annual accounts 201020,8 k €↑
2009
Annual accounts 2009-194,1 €↑
2008
Annual accounts 2008-3 k €
24/04/2008
IncorporationPublic limited company

CARBSTONE INNOVATION

Overview

Identity

Financials

Valuation

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

Timeline