What does INCUBEL do?

INCUBEL is a farm in Merksplas. Public Limited, started on 15 June 2009, 1 establishment.

What is the address of INCUBEL?

The registered office of INCUBEL is located at Steenweg op Hoogstraten 141, 2330 Merksplas.

Is INCUBEL still active?

Yes. According to the CBE (29 October 2026) INCUBEL is active, legal situation “Normale toestand”, started on 15 June 2009.

Is INCUBEL registered on Peppol?

Yes, INCUBEL is registered on the Peppol network with ID 0208:0812385886.

What is the enterprise number of INCUBEL?

The enterprise number of INCUBEL is BE0812385886.

When was INCUBEL founded?

INCUBEL was founded on 15 June 2009.

Who are the directors of INCUBEL?

According to the 2025 annual accounts, the directors of INCUBEL are: BELGABROED NV, Yellow Bird BV, Steven Vervaeke.

Is INCUBEL a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 15 June 2009; 5 annual accounts filed, latest fiscal year 2025; 3 directors known from the annual account.

How much profit did INCUBEL make in 2025?

INCUBEL posted a profit after taxes of € 1,894,143 in financial year 2025.

What is the revenue of INCUBEL?

In its most recent annual accounts (2025), INCUBEL reported revenue of € 27,002,357.

How much does an employee at INCUBEL earn?

The average wage cost per full-time employee at INCUBEL was € 57,100 in 2025: staff costs of € 228,329 for 4 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does INCUBEL have?

According to the 2025 annual accounts, INCUBEL has 4 full-time equivalents (FTE).

INCUBEL (Public Limited) - Merksplas - BE0812385886

Dossier INCUBEL, printed on 29 October 2026 from databakkes.be/en/0812385886/incubel. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Financials

Financial year 2025

INCUBEL from Merksplas, company number BE0812385886, closed financial year 2025 with a result of € 1.9 million after tax. For that financial year INCUBEL recorded revenue of € 27 million and equity of € 3.7 million. Compared with financial year 2024, the result moved from € 3.5 million to € 1.9 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 2, 2026.

What it is worth Healthy

€ 3.7 million

▼ 14% vs 2024

Assets minus debts, by the books. What is left if everything were sold and paid today.

Profit Healthy

€ 1.9 million

▼ 45% vs 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 122,165

▲ € 107,000 vs 2024

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Pays out

€ 2.5 million paid out

More than the year’s profit went to the shareholders; reserves fell.

People and assets in 2025

Full-time equivalents

▼ 0.9 vs 2024

Average over the fiscal year, from the social balance sheet.

Wage cost Staff costs are payroll only. Director pay sits with services and miscellaneous goods: € 3.1 million in 2025, together with rent, insurance, accountants and other services. The accounts do not split that further.

€ 228,329

€ 57,100 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.

Debts at end 2025

Bank debt

None

No bank loans on the last day of the fiscal year.

Owed to suppliers

€ 1.5 million

▼ 63% vs 2024

Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 23 days on average.

Wages and social charges

€ 25,352

▲ 3% vs 2024

Wages, holiday pay and social contributions still to pay. No outstanding taxes.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Revenue	€ 21,668,899 Revenue 2022: € 21,668,899 First fiscal year in the series	€ 22,471,558 Revenue 2023: € 22,471,558 ▲ 4% vs 2022 (€ 21,668,899) Favourable step	€ 34,910,649 Revenue 2024: € 34,910,649 ▲ 55% vs 2023 (€ 22,471,558) Favourable step	€ 27,002,357 Revenue 2025: € 27,002,357 ▼ 23% vs 2024 (€ 34,910,649) Unfavourable step	▼ 23%
Profit after taxes	€ -273,193 Profit after taxes 2022: € -273,193 First fiscal year in the series	€ -437,400 Profit after taxes 2023: € -437,400 ▼ € 164,207 vs 2022 (€ -273,193) Unfavourable step	€ 3,468,094 Profit after taxes 2024: € 3,468,094 ▲ € 3.9 million vs 2023 (€ -437,400) Favourable step	€ 1,894,143 Profit after taxes 2025: € 1,894,143 ▼ 45% vs 2024 (€ 3,468,094) Unfavourable step	▼ 45%
Equity	€ 3,780,917 Equity 2022: € 3,780,917 First fiscal year in the series	€ 3,343,517 Equity 2023: € 3,343,517 ▼ 12% vs 2022 (€ 3,780,917) Unfavourable step	€ 4,311,612 Equity 2024: € 4,311,612 ▲ 29% vs 2023 (€ 3,343,517) Favourable step	€ 3,705,755 Equity 2025: € 3,705,755 ▼ 14% vs 2024 (€ 4,311,612) Unfavourable step	▼ 14%
Total debts	€ 1,596,926 Total debts 2022: € 1,596,926 First fiscal year in the series	€ 2,351,388 Total debts 2023: € 2,351,388 ▲ 47% vs 2022 (€ 1,596,926) Unfavourable step	€ 4,322,244 Total debts 2024: € 4,322,244 ▲ 84% vs 2023 (€ 2,351,388) Unfavourable step	€ 1,675,113 Total debts 2025: € 1,675,113 ▼ 61% vs 2024 (€ 4,322,244) Favourable step	▼ 61%
Cash	€ 323,397 Cash 2022: € 323,397 First fiscal year in the series	€ 906,523 Cash 2023: € 906,523 ▲ 180% vs 2022 (€ 323,397) Favourable step	€ 15,164 Cash 2024: € 15,164 ▼ 98% vs 2023 (€ 906,523) Unfavourable step	€ 122,165 Cash 2025: € 122,165 ▲ € 107,000 vs 2024 (€ 15,164) Favourable step	▲ € 107,000
Retained profit	€ 3,480,917 Retained profit 2022: € 3,480,917 First fiscal year in the series	€ 3,043,517 Retained profit 2023: € 3,043,517 ▼ 13% vs 2022 (€ 3,480,917) Unfavourable step	€ 4,011,612 Retained profit 2024: € 4,011,612 ▲ 32% vs 2023 (€ 3,043,517) Favourable step	€ 3,405,755 Retained profit 2025: € 3,405,755 ▼ 15% vs 2024 (€ 4,011,612) Unfavourable step	▼ 15%
Dividend	€ 0 Dividend 2022: € 0 First fiscal year in the series	€ 0 Dividend 2023: € 0 Unchanged (€ 0) Unchanged	€ 2,500,000 Dividend 2024: € 2,500,000 Unchanged (€ 0) Unchanged	€ 2,500,000 Dividend 2025: € 2,500,000 Unchanged (€ 2,500,000) Unchanged
Balance sheet total	€ 5,377,843 Balance sheet total 2022: € 5,377,843 First fiscal year in the series	€ 5,694,906 Balance sheet total 2023: € 5,694,906 ▲ 6% vs 2022 (€ 5,377,843) Unchanged	€ 8,633,856 Balance sheet total 2024: € 8,633,856 ▲ 52% vs 2023 (€ 5,694,906) Unchanged	€ 5,380,868 Balance sheet total 2025: € 5,380,868 ▼ 38% vs 2024 (€ 8,633,856) Unchanged	▼ 38%
Employees (FTE)	2.1 Employees (FTE) 2022: 2.1 First fiscal year in the series	4.8 Employees (FTE) 2023: 4.8 ▲ 2.7 vs 2022 (2.1) Unchanged	4.9 Employees (FTE) 2024: 4.9 ▲ 0.1 vs 2023 (4.8) Unchanged	4 Employees (FTE) 2025: 4 ▼ 0.9 vs 2024 (4.9) Unchanged	▼ 0.9

Key figures of INCUBEL, 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 INCUBEL?

What happened at INCUBEL in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

2032 Yellow Bird BV stepped down as director. NBB
2029 BELGABROED NV stepped down as director. NBB
2029 Steven Vervaeke stepped down as director. NBB
Jul 2, 2026 New annual accounts for financial year 2025: profit of € 1.9 million (▼ 45% vs 2024). Source: NBB ↗
2026 Yellow Bird BV became a director. NBB
2023 BELGABROED NV became a director. NBB
2023 Steven Vervaeke became a director. NBB
Jul 3, 2009 New establishment in Merksplas. KBO

In short

From € 273,193 loss in 2022 to € 1.9 million profit in 2025.

Paid € 1.6 million in corporate taxes since 2022.

Best year ever: 2024, with € 3.5 million profit.

Paid out € 5 million in dividends to the owners in total.

Original PDFs at the National Bank ↗

Management

BELGABROED 100%

The stake of BELGABROED comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.

INCUBEL

The shares are held by BELGABROED (100%).

Directors

According to the 2025 annual accounts

BELGABROED NV

Director · represented by Carl Destrooper

since 2023 · until 2029

Yellow Bird BV

Director · represented by Jan Destrooper

Also active at: Pollo, BELGABROED, L'OEUF D'OR, GalluScent, HFHC, VERVAEKE BELAVI

since 2026 · until 2032

Steven Vervaeke

Director

Also active at: BELGABROED, L'OEUF D'OR, GalluScent, HFHC, Yellow Bird, VERVAEKE BELAVI, IMMO INCUBO, Vervaeke-Belavi

since 2023 · until 2029

Shareholders

BELGABROED

100%

Participations

No participations in other companies reported.

Establishments

Establishment units

Physical locations of this company

Registered office

Steenweg op Hoogstraten 141

2330 Merksplas

Who else lives here?

A building full of entrepreneurs or one very busy letterbox? Another 4 companies are registered at this address.

All companies at this address →

DE KROON - DESTROOPER

€ 1.6 million gross margin · 2025

Pollo same network

€ 882,555 gross margin · 2025

BELGABROED same network

€ 114.9 million revenue · 2025

Yellow Bird same network

€ 8.8 million gross margin · 2025

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Details

Company number

0812.385.886

VAT number

BE 0812.385.886

Registered office

Steenweg op Hoogstraten 141, 2330 Merksplas

Names & denominations

INCUBEL

Enterprise type

Rechtspersoon

Legal form

Public limited company

Legal situation

Normale toestand

Start date

15 June 2009

Peppol

Active · Active since 1 Jan 2001

Activities · NACE

Kippenkwekerijen

Logistieke diensten

Overige vervoerondersteunende activiteiten

Productie van eieren van pluimvee

Pluimveehouderijen, muv kippenkwekerijen

View on CBE Public ↗ Annual accounts (NBB) ↗

INCUBEL

Financials

What happened to INCUBEL?

Management

Directors

Shareholders

Participations

Establishments

Establishment units

Who else lives here?

Details

Frequently asked questions