Financials
Financial year 2025
ICOR from Wavre, company number BE0436398941, closed financial year 2025 with a result of € 578,841 after tax. For that financial year ICOR recorded a gross margin of € 1.7 million and equity of € 1.4 million. Compared with financial year 2024, the result moved from € 177,503 to € 578,841. 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 31, 2025.
€ 1.4 million
▲ 72% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 578,841
▲ 226% vs 2024
Profit after tax over the fiscal year.
€ 71,481
▼ 84% 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 € 729,634.
People and assets in 2025
14.7
▼ 0.8 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 913,209
▲ 1% vs 2024
€ 62,100 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.
€ 27,703
▼ 18% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 418,112
▼ 21% vs 2024
€ 7,041 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 722,149
▼ 44% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 197,787
▲ 46% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 1,071,265 | € 1,315,084 | € 1,247,855 | € 1,736,258 | ▲ 39% |
| Profit after taxes | € 57,569 | € 57,538 | € 177,503 | € 578,841 | ▲ 226% |
| Equity | € 715,752 | € 773,290 | € 800,793 | € 1,379,634 | ▲ 72% |
| Total debts | € 2,619,519 | € 2,645,246 | € 2,115,758 | € 1,348,022 | ▼ 36% |
| Cash | € 208,265 | € 139,390 | € 453,859 | € 71,481 | ▼ 84% |
| Retained profit | € 65,752 | € 123,290 | € 150,793 | € 729,634 | ▲ € 578,841 |
| Dividend | € 590,000 | € 0 | € 150,000 | € 0 | ▼ 100% |
| Bank debt | € 823,325 | € 772,034 | € 528,406 | € 418,112 | ▼ 21% |
| Balance sheet total | € 3,335,271 | € 3,418,536 | € 2,916,551 | € 2,727,656 | ▼ 6% |
| Employees (FTE) | - | 0 | 15.5 | 14.7 | ▼ 0.8 |
Key figures of ICOR, 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 October 2026.
What happened to ICOR?
What happened at ICOR in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- FDR Consulting SRL stepped down as director. NBB
- G-Elements SRL stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 578,841 (▲ 226% vs 2024). Source: NBB ↗
- FDR Consulting SRL became a director. NBB
- G-Elements SRL became a director. NBB
- New establishment in Wavre. KBO
- Start of the company according to the CBE. KBO
In short
From € 57,569 profit in 2022 to € 578,841 profit in 2025.
Paid € 300,362 in corporate taxes since 2022.
Best year ever: 2025, with € 578,841 profit.
On average € 118,100 of value added per employee in 2025.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of S.D.M. comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
ICORThe shares are held by S.D.M. (100%).
Directors
According to the 2025 annual accounts
Director · represented by Ferdinand DE ROUBAIX
since 2025 · until 2031
Director · represented by Gauthier VAN DER STRATEN
since 2025 · until 2031
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Avenue Lavoisier 37
1300 Wavre
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.
Details
- Company number
- 0436.398.941
- VAT number
- BE 0436.398.941
- Registered office
- Avenue Lavoisier 37, 1300 Wavre
- Names & denominations
- ICOR · I.C.O.R.
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 16 January 1989
- Peppol
- Active · Active since 20 Nov 2020
- Activities · NACE
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