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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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Busy address KBO
22 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
ICF NEXT from Brussel, company number BE0429063662, closed financial year 2025 with a result of € 1.6 million after tax. For that financial year ICF NEXT recorded revenue of € 48.3 million and equity of € 22 million. Compared with financial year 2024, the result moved from € 2 million to € 1.6 million. The company is profitable. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 30, 2026.
€ 22 million
▼ 10% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1.6 million
▼ 21% vs 2024
Profit after tax over the fiscal year.
€ 242,809
▲ 32% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 4.1 million paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
129
▲ 15.1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 13.1 million
▲ 20% vs 2024
€ 101,400 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.
€ 291,029
▼ 9% 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.
€ 5.9 million
▲ 61% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 64 days on average.
€ 2.1 million
▲ 39% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 53,952,869 | € 54,630,518 | € 48,645,438 | € 48,329,005 | ▼ 1% |
| Profit after taxes | € 3,884,321 | € 3,898,537 | € 2,024,666 | € 1,603,530 | ▼ 21% |
| Equity | € 18,503,782 | € 22,402,319 | € 24,426,985 | € 21,979,297 | ▼ 10% |
| Total debts | € 14,957,978 | € 10,922,435 | € 8,628,072 | € 10,832,984 | ▲ 26% |
| Cash | € 395,288 | € 1,162,615 | € 183,398 | € 242,809 | ▲ 32% |
| Retained profit | € 15,494,481 | € 19,393,018 | € 21,417,684 | € 18,969,996 | ▼ 11% |
| Dividend | € 0 | € 0 | € 0 | € 4,051,218 | |
| Balance sheet total | € 33,461,760 | € 33,324,754 | € 33,055,057 | € 32,812,281 | ▼ 1% |
| Employees (FTE) | 118.5 | 116.6 | 113.9 | 129 | ▲ 15.1 |
Key figures of ICF NEXT, 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 ICF NEXT?
What happened at ICF NEXT in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Olivier MILLARD stepped down as director. NBB
- Tobias SCHAFER stepped down as director. NBB
- James MORGAN stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 1.6 million (▼ 21% vs 2024). Source: NBB ↗
- Olivier MILLARD became a director. NBB
- Tobias SCHAFER became a director. NBB
- James MORGAN became a director. NBB
- New establishment in Brussel. KBO
In short
From € 3.9 million profit in 2022 to € 1.6 million profit in 2025.
Paid € 4.4 million in corporate taxes since 2022.
Best year ever: 2023, with € 3.9 million profit.
Paid out € 4.1 million in dividends to the owners in total.
Management
The stake of ICF comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
ICF NEXTThe shares are held by ICF (100%).
Directors
According to the 2025 annual accounts
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Marnixlaan 17
1000 Brussel
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 22 companies are registered at this address.
All companies at this address →The Fifth Avenue Antique Shop
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CONFEDERATION OF THE EUROPEAN BICYCLE INDUSTRY
+17 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0429.063.662
- VAT number
- BE 0429.063.662
- Registered office
- Marnixlaan 17, 1000 Brussel
- Names & denominations
- ICF NEXT
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 1 July 1986
- Peppol
- Active · Active since 22 Dec 2025
- Activities · NACE
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