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Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Figures corrected NBB
Corrected annual account filed for 2024, 2025.
Financials
Financial year 2025
INDUCTOTHERM COATING EQUIPMENT from Herstal, company number BE0404411509, closed financial year 2025 with a result of € 9.1 million after tax. For that financial year INDUCTOTHERM COATING EQUIPMENT recorded revenue of € 53.3 million and equity of € 26.5 million. Compared with financial year 2024, the result moved from € 4 million to € 9.1 million. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on October 1, 2026.
€ 26.5 million
▲ 4% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 9.1 million
▲ 130% vs 2024
Profit after tax over the fiscal year.
€ 5.2 million
▲ € 4.6 million vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 8 million paid out
88 % of the profit went to the shareholders, mostly to INDUCTOTHERM GROUP (100 % of the shares). That is where the money ends up.
People and assets in 2025
131.5
▲ 7.2 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 13 million
▲ 4% vs 2024
€ 99,100 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 100,102
▼ 34% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 4.3 million
▲ 12% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 72 days on average.
€ 4 million
▲ 32% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 29,778,486 | € 33,785,566 | € 33,754,972 | € 53,302,317 | ▲ 58% |
| Profit after taxes | € 980,736 | € 3,647,168 | € 3,977,555 | € 9,129,443 | ▲ 130% |
| Equity | € 22,880,795 | € 24,527,968 | € 25,505,530 | € 26,495,758 | ▲ 4% |
| Total debts | € 16,353,775 | € 16,180,084 | € 22,038,131 | € 27,308,979 | ▲ 24% |
| Cash | € 927,475 | € 1,879,273 | € 620,335 | € 5,209,756 | ▲ € 4.6 million |
| Land & buildings | € 11,496,340 | € 11,637,524 | € 11,395,962 | € 11,088,033 | ▼ 3% |
| Retained profit | € 19,630,795 | € 21,277,968 | € 22,255,530 | € 23,245,758 | ▲ 4% |
| Dividend | € 749,998 | € 1,999,995 | € 2,999,993 | € 7,999,981 | ▲ 167% |
| Balance sheet total | € 43,408,615 | € 44,928,478 | € 50,457,960 | € 59,122,985 | ▲ 17% |
| Employees (FTE) | 111.6 | 120.3 | 124.3 | 131.5 | ▲ 7.2 |
Key figures of INDUCTOTHERM COATING EQUIPMENT, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to INDUCTOTHERM COATING EQUIPMENT?
What happened at INDUCTOTHERM COATING EQUIPMENT in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Jean-Paul RENOUPREZ stepped down as director. NBB
- Allan KAY stepped down as director. NBB
- Bernard RAFFNER stepped down as director. NBB
- Gary DOYON stepped down as director. NBB
- Gaetan DEBATY stepped down as director. NBB
- Michel FONTAINE stepped down as director. NBB
- Corrected annual accounts filed for financial year 2025. filed late Source: NBB ↗
- Allan KAY became a director. NBB
In short
From € 980,736 profit in 2022 to € 9.1 million profit in 2025.
Paid € 6.7 million in corporate taxes since 2022.
Best year ever: 2025, with € 9.1 million profit.
Paid out € 13.7 million in dividends to the owners in total.
Management
The shares are held by INDUCTOTHERM GROUP (100%) and INDUCTOTHERM CORP (0%). It owns 100% of INDUCTOTHERM INDÜKSIYON SISTEMLERI and 100% of INDUCTOTHERMIE S.A.S. itself.
Directors
According to the 2025 annual accounts
Jean-Paul RENOUPREZ
Director
since 2021 · until 2031
Michel FONTAINE
Managing director
since 2023 · until 2028
Allan KAY
Director
since 2026 · until 2031
Gary DOYON
Director
since 2019 · until 2029
Bernard RAFFNER
Director
since 2021 · until 2031
Gaetan DEBATY
Director
since 2024 · until 2029
Shareholders
INDUCTOTHERM GROUP
100%
INDUCTOTHERM CORP
0%
Participations
INDUCTOTHERM INDÜKSIYON SISTEMLERI
100%
INDUCTOTHERMIE S.A.S.
100%
Establishments
Establishment units
Physical locations of this company
Rue de Hermée 197
4040 Herstal
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Certifications & Partners
Hosting & Email
Email provider
Self-hosted
Hosting
CLOUDFLARESPECTRUM Cloudflare, Inc., US
Website info
Features
Security
Network
Details
- Company number
- 0404.411.509
- VAT number
- BE 0404.411.509
- Registered office
- Rue de Hermée 197, 4040 Herstal
- Names & denominations
- ICE · INDUCTOTHERM COATING EQUIPMENT
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 14 April 1967
- Peppol
- Active · Active since 1 Jan 2001
- Contact
- inductotherm.be
- Activities · NACE
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