Warning lights
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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Tight liquidity NBB
Cash and receivables cover 57 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
INGENIUM from Brugge, company number BE0436815150, closed financial year 2025 with a result of € 423,019 after tax. For that financial year INGENIUM recorded revenue of € 13.3 million and equity of € 2.2 million. Compared with financial year 2024, the result moved from € 823,474 to € 423,019. The company is profitable. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on March 23, 2026.
€ 2.2 million
▲ 5% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 423,019
▼ 49% vs 2024
Profit after tax over the fiscal year.
€ 2.6 million
▲ 83% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 319,889 paid out
76 % of the profit went to the shareholders, mostly to Vyncke (100 % of the shares). That is where the money ends up.
People and assets in 2025
103.1
▲ 2.4 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 8.7 million
▲ 7% vs 2024
€ 84,400 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.
€ 23,667
▼ 51% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 694,681
▲ 71% vs 2024
€ 157,361 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 1.1 million
▼ 13% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 53 days on average.
€ 1.6 million
▼ 3% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 8,767,926 | € 13,762,889 | € 15,394,000 | € 13,291,033 | ▼ 14% |
| Profit after taxes | € 717,311 | € 1,084,034 | € 823,474 | € 423,019 | ▼ 49% |
| Equity | € 1,664,048 | € 1,923,735 | € 2,119,522 | € 2,222,651 | ▲ 5% |
| Total debts | € 8,380,558 | € 8,466,217 | € 9,517,223 | € 10,871,575 | ▲ 14% |
| Cash | € 2,826,839 | € 915,735 | € 1,422,414 | € 2,606,005 | ▲ 83% |
| Retained profit | € 1,602,048 | € 1,861,735 | € 2,057,522 | € 2,160,651 | ▲ 5% |
| Dividend | € 1,212,983 | € 824,347 | € 627,687 | € 319,889 | ▼ 49% |
| Bank debt | € 201,998 | € 0 | € 406,998 | € 694,681 | ▲ 71% |
| Balance sheet total | € 10,289,043 | € 10,713,110 | € 12,006,695 | € 13,396,460 | ▲ 12% |
| Employees (FTE) | 89 | 93.5 | 100.7 | 103.1 | ▲ 2.4 |
Key figures of INGENIUM, 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 April 2027.
What happened to INGENIUM?
What happened at INGENIUM in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Vyncke BV stepped down as director. NBB
- Techpilot Consulting BV stepped down as director. NBB
- Pols & Partners BV stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 423,019 (▼ 49% vs 2024). Source: NBB ↗
- Desmet Consult BV stepped down as director. NBB
- Ryckaert Management Services CommV stepped down as director. NBB
- Techpilot Consulting BV became a director. NBB
- Desmet Consult BV became a director. NBB
In short
From € 717,311 profit in 2022 to € 423,019 profit in 2025.
Paid € 1.1 million in corporate taxes since 2022.
Best year ever: 2023, with € 1.1 million profit.
Paid out € 3 million in dividends to the owners in total.
Management
The stake of Vyncke, Desmet Consult comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
INGENIUMThe shares are held by Vyncke (99.8%) and Desmet Consult (15%). It owns 100% of Hoptimize and 10% of Thea itself.
Directors
According to the 2025 annual accounts
Managing director · represented by Jan Desmet
since 2023 · until 2025
Ryckaert Management Services CommV
Director · represented by Peter Ryckaert
Also active at: AZ RIVIERENLAND, STARRING JANE, one2three, Frietjesonline.be
since 2023 · until 2025
Managing director · represented by Nicolas Vyncke
since 2023 · until 2029
Director · represented by Filip Dewaele
since 2023 · until 2027
since 2024 · until 2029
Shareholders
99.8%
15%
Establishments
Establishment units
Physical locations of this company
Nieuwe Sint-Annadreef 23
8200 Brugge
Martelarenlaan 50 box 104
3010 Leuven
Active since 1 May 2012
Sint-Pietersaalststraat 177
9000 Gent
Active since 5 January 2015
Generaal Capiaumontstraat 22
2600 Antwerpen
Active since 1 April 2017
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
- 0436.815.150
- VAT number
- BE 0436.815.150
- Registered office
- Nieuwe Sint-Annadreef 23, 8200 Brugge
- Names & denominations
- INGENIUM
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 24 February 1989
- Peppol
- Active · Active since 3 Jul 2023
- Activities · NACE
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