Financials
Financial year 2025
Inex from Sint-Lievens-Houtem, company number BE0413000264, closed financial year 2025 with a result of € 19.3 million after tax. For that financial year Inex recorded revenue of € 351.1 million and equity of € 113.5 million. Compared with financial year 2024, the result moved from € 17.4 million to € 19.3 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 July 7, 2026.
€ 113.5 million
▲ 20% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 19.3 million
▲ 11% vs 2024
Profit after tax over the fiscal year.
€ 8.7 million
▼ 28% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 111 million.
People and assets in 2025
430.3
▲ 3.9 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 31.5 million
▲ 5% vs 2024
€ 73,300 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.
€ 1.3 million
▼ 8% 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.
€ 31.3 million
▼ 6% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 39 days on average.
€ 6.2 million
▲ 1% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 303,322,574 | € 322,637,817 | € 315,861,660 | € 351,084,750 | ▲ 11% |
| Profit after taxes | € 5,908,225 | € 25,707,130 | € 17,383,139 | € 19,299,131 | ▲ 11% |
| Equity | € 68,138,479 | € 85,891,830 | € 94,245,452 | € 113,515,067 | ▲ 20% |
| Total debts | € 42,185,657 | € 50,161,200 | € 52,716,551 | € 41,832,067 | ▼ 21% |
| Cash | € 10,864,096 | € 7,905,941 | € 12,068,784 | € 8,656,233 | ▼ 28% |
| Land & buildings | € 1 | € 1 | € 1 | € 1 | |
| Retained profit | € 65,635,021 | € 83,342,151 | € 91,725,290 | € 111,024,421 | ▲ 21% |
| Dividend | € 2,000,000 | € 8,000,000 | € 9,000,000 | € 0 | ▼ 100% |
| Balance sheet total | € 110,725,615 | € 136,283,486 | € 147,154,456 | € 155,511,768 | ▲ 6% |
| Employees (FTE) | 404.8 | 416.5 | 426.4 | 430.3 | ▲ 3.9 |
Key figures of Inex, 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 Inex?
What happened at Inex in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Vincent Davignon stepped down as director. NBB
- Christophe Gilain stepped down as director. NBB
- Daisy Davignon-Pycke stepped down as director. NBB
- Catherine Gilain-Pycke stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 19.3 million (▲ 11% vs 2024). Source: NBB ↗
- Vincent Davignon became a director. NBB
- Christophe Gilain became a director. NBB
- New establishment in Wetteren. KBO
In short
From € 5.9 million profit in 2022 to € 19.3 million profit in 2025.
Paid € 14.2 million in corporate taxes since 2022.
Best year ever: 2023, with € 25.7 million profit.
Paid out € 19 million in dividends to the owners in total.
Management
The stake of INEX-GROUP comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
InexThe shares are held by INEX-GROUP (100%). It owns 100% of NERILAC, 100% of KOSTO, 100% of INEXCO NEDERLAND, 95.8% of MELKERIJ ST CLEMENS and 50% of M-TRANS itself.
Directors
According to the 2025 annual accounts
Vincent Davignon
Director
since 2023 · until 2029
Daisy Davignon-Pycke
Director
Also active at: Nerilac, Melkerij Sint Clement, Melkerij Kosto, M - TRANS, INEX-GROUP
since 2021 · until 2027
Christophe Gilain
Director
Also active at: N2COM, TTR Belgium Management, TTR Belgium Services, STRATODEV, INEX-GROUP, TTR ENERGY
since 2023 · until 2029
Catherine Gilain-Pycke
Managing director
Also active at: Finelac, Nerilac, Melkerij Sint Clement, Melkerij Kosto, INEX, M - TRANS, STRATODEV, INEX-GROUP +1 more
since 2021 · until 2027
Shareholders
100%
Participations
Establishments
Establishment units
Physical locations of this company
Meulestraat 19
9520 Sint-Lievens-Houtem
Biezeweg 11
9230 Wetteren
Active since 8 February 2023
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 8 companies are registered at this address.
All companies at this address →Nerilac same network
€ 25.5 million revenue · 2025
Melkerij Sint Clement same network
€ 6.4 million revenue · 2025
Melkerij Kosto same network
€ 582,024 revenue · 2025
INEX same network
€ 2.2 million revenue · 2025
M - TRANS same network
€ 1.1 million revenue · 2025
+3 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
COMBELL-AS, BE
Website info
Features
Security
Details
- Company number
- 0413.000.264
- VAT number
- BE 0413.000.264
- Registered office
- Meulestraat 19, 9520 Sint-Lievens-Houtem
- Names & denominations
- Inex
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 14 February 1973
- Peppol
- Active · Active since 1 Jan 2001
- Contact
- inex.be
- Activities · NACE
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