Financials
Financial year 2025
ICOS VISION SYSTEMS from Leuven, company number BE0431049588, closed financial year 2025 with a result of € 13.4 million after tax. For that financial year ICOS VISION SYSTEMS recorded revenue of € 36.6 million and equity of € 36.3 million. Compared with financial year 2024, the result moved from € 4.2 million to € 13.4 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 December 9, 2025.
€ 36.3 million
▲ 59% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 13.4 million
▲ 216% vs 2024
Profit after tax over the fiscal year.
€ 309,080
▼ 95% 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 € 28.7 million.
People and assets in 2025
130
▼ 1.6 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 23.3 million
▼ 2% vs 2024
€ 179,200 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.
€ 45,529
▼ 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.
€ 4.5 million
▲ 40% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 161 days on average.
€ 6.1 million
▲ 28% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 43,445,060 | € 26,210,264 | € 22,900,132 | € 36,602,258 | ▲ 60% |
| Profit after taxes | € 26,579,039 | € 3,766,440 | € 4,249,268 | € 13,445,475 | ▲ 216% |
| Equity | € 37,425,618 | € 40,663,256 | € 22,809,757 | € 36,255,232 | ▲ 59% |
| Total debts | € 8,847,084 | € 9,430,831 | € 8,390,076 | € 10,803,332 | ▲ 29% |
| Cash | € 16,892,473 | € 27,339,404 | € 6,201,434 | € 309,080 | ▼ 95% |
| Land & buildings | € 2,022,430 | € 1,973,825 | € 1,849,697 | € 1,754,609 | ▼ 5% |
| Retained profit | € 29,281,213 | € 33,047,653 | € 15,296,921 | € 28,742,396 | ▲ 88% |
| Dividend | € 27,000,000 | € 0 | € 22,000,000 | € 0 | ▼ 100% |
| Balance sheet total | € 46,454,496 | € 50,341,763 | € 31,327,590 | € 47,514,133 | ▲ 52% |
| Employees (FTE) | 107.1 | 133.4 | 131.6 | 130 | ▼ 1.6 |
By revenue, ICOS VISION SYSTEMS ranks 7th of 22 companies with main activity “Activiteiten van ingenieurs en aanverwante technische adviseurs, exclusief landmeters-experts” in Leuven that publish figures (fiscal year 2025).
Key figures of ICOS VISION SYSTEMS, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.
Ask about ICOS VISION SYSTEMS the way you would ask their accountant.
Answers from the filed annual accounts, the Belgian Official Gazette and the CBE register.
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What happened to ICOS VISION SYSTEMS?
What happened at ICOS VISION SYSTEMS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 13.4 million (▲ 216% vs 2024). Source: NBB ↗
- Bren Higgins became a director. NBB
- Virendra KIRLOSKAR became a director. NBB
- New establishment in Leuven. KBO
- Start of the company according to the CBE. KBO
In short
From € 26.6 million profit in 2022 to € 13.4 million profit in 2025.
Paid € 6.5 million in corporate taxes since 2022.
Best year ever: 2022, with € 26.6 million profit.
Paid out € 49 million in dividends to the owners in total.
Management
Behind ICOS VISION SYSTEMS are Virendra KIRLOSKAR and Bren Higgins. The shares are held by Icos Vision systems Corporation (100%) and Icos Vision Systems Ltd (0%).
Directors
According to the 2025 annual accounts
Virendra KIRLOSKAR
Director
since 2008
Bren Higgins
Managing director
since 2015
Shareholders
Icos Vision Systems Ltd
0%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Esperantolaan 8C
3001 Leuven
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
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Details
- Company number
- 0431.049.588
- VAT number
- BE 0431.049.588
- Registered office
- Esperantolaan 8C, 3001 Leuven
- Names & denominations
- ICOS VISION SYSTEMS
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 27 April 1987
- Peppol
- Active · Active since 13 Mar 2025
- Activities · NACE
Activiteiten van ingenieurs en aanverwante technische adviseurs, exclusief landmeters-experts
Technische studiën en ingenieursactiviteiten