What is the address of ICF?

The registered office of ICF is located at Marnixlaan 17, 1000 Brussel.

Yes. According to the CBE (30 October 2026) ICF is active, legal situation “Normale toestand”, started on 5 November 2009.

Is ICF registered on Peppol?

Yes, ICF is registered on the Peppol network with ID 0208:0820347311.

What is the enterprise number of ICF?

The enterprise number of ICF is BE0820347311.

When was ICF founded?

ICF was founded on 5 November 2009.

Who are the directors of ICF?

According to the 2025 annual accounts, the directors of ICF are: Tobias Schafer, James Morgan, Warren Marshall, Barry Broadus.

Is ICF a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 5 November 2009; 5 annual accounts filed, latest fiscal year 2025; 4 directors known from the annual account.

How much profit did ICF make in 2025?

ICF posted a profit after taxes of € 4,506,267 in financial year 2025.

What is the revenue of ICF?

In its most recent annual accounts (2025), ICF reported revenue of € 41,336,298.

How much does an employee at ICF earn?

The average wage cost per full-time employee at ICF was € 90,000 in 2025: staff costs of € 6.3 million for 70.1 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does ICF have?

According to the 2025 annual accounts, ICF has 70.1 full-time equivalents (FTE).

Does ICF have a website?

Yes, ICF has a website at icf.com.

ICF (Public Limited) - Brussel - BE0820347311

Q: What does ICF do?

ICF is registered with the CBE as active in: Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies. Public Limited, started on 5 November 2009, 1 establishment.

Dossier ICF, printed on 30 October 2026 from databakkes.be/en/0820347311/icf. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Warning lights

Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.

Shrinking team NBB

FTE fell two years in a row, from 85 to 70.1.
Busy address KBO

22 other companies have their registered office at the same address; threshold 10.

Financials

Financial year 2025

ICF from Brussel, company number BE0820347311, closed financial year 2025 with a result of € 4.5 million after tax. For that financial year ICF recorded revenue of € 41.3 million and equity of € 36.6 million. Compared with financial year 2024, the result moved from € 850,829 to € 4.5 million. Profitable, and profit is growing. 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.

What it is worth Healthy

€ 36.6 million

▼ 8% vs 2024

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

Profit Growing

€ 4.5 million

▲ € 3.7 million vs 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 619,282

▲ 120% vs 2024

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

Where the profit goes Pays out

€ 7.8 million paid out

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

People and assets in 2025

Full-time equivalents

70.1

▼ 7.9 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: € 3.7 million in 2025, together with rent, insurance, accountants and other services. The accounts do not split that further.

€ 6.3 million

▼ 4% vs 2024

€ 90,000 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.

Vehicles and equipment

€ 11,174

▼ 79% vs 2024

Book value of vehicles, furniture and equipment.

Debts at end 2025

Bank debt

None

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

Owed to suppliers

€ 3.8 million

▼ 43% vs 2024

Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 41 days on average.

Taxes and wages

€ 762,247

▼ 9% vs 2024

Taxes, VAT and social contributions still to pay.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Revenue	€ 40,189,906 Revenue 2022: € 40,189,906 First fiscal year in the series	€ 39,866,702 Revenue 2023: € 39,866,702 ▼ 1% vs 2022 (€ 40,189,906) Unfavourable step	€ 44,065,012 Revenue 2024: € 44,065,012 ▲ 11% vs 2023 (€ 39,866,702) Favourable step	€ 41,336,298 Revenue 2025: € 41,336,298 ▼ 6% vs 2024 (€ 44,065,012) Unfavourable step	▼ 6%
Profit after taxes	€ 1,737,939 Profit after taxes 2022: € 1,737,939 First fiscal year in the series	€ 1,756,610 Profit after taxes 2023: € 1,756,610 ▲ 1% vs 2022 (€ 1,737,939) Favourable step	€ 850,829 Profit after taxes 2024: € 850,829 ▼ 52% vs 2023 (€ 1,756,610) Unfavourable step	€ 4,506,267 Profit after taxes 2025: € 4,506,267 ▲ € 3.7 million vs 2024 (€ 850,829) Favourable step	▲ € 3.7 million
Equity	€ 37,210,217 Equity 2022: € 37,210,217 First fiscal year in the series	€ 38,966,827 Equity 2023: € 38,966,827 ▲ 5% vs 2022 (€ 37,210,217) Favourable step	€ 39,817,656 Equity 2024: € 39,817,656 ▲ 2% vs 2023 (€ 38,966,827) Favourable step	€ 36,569,970 Equity 2025: € 36,569,970 ▼ 8% vs 2024 (€ 39,817,656) Unfavourable step	▼ 8%
Total debts	€ 15,540,787 Total debts 2022: € 15,540,787 First fiscal year in the series	€ 18,575,733 Total debts 2023: € 18,575,733 ▲ 20% vs 2022 (€ 15,540,787) Unfavourable step	€ 19,382,610 Total debts 2024: € 19,382,610 ▲ 4% vs 2023 (€ 18,575,733) Unfavourable step	€ 13,854,734 Total debts 2025: € 13,854,734 ▼ 29% vs 2024 (€ 19,382,610) Favourable step	▼ 29%
Cash	€ 571,359 Cash 2022: € 571,359 First fiscal year in the series	€ 2,018,990 Cash 2023: € 2,018,990 ▲ 253% vs 2022 (€ 571,359) Favourable step	€ 280,941 Cash 2024: € 280,941 ▼ 86% vs 2023 (€ 2,018,990) Unfavourable step	€ 619,282 Cash 2025: € 619,282 ▲ 120% vs 2024 (€ 280,941) Favourable step	▲ 120%
Retained profit	€ 18,670,281 Retained profit 2022: € 18,670,281 First fiscal year in the series	€ 20,426,891 Retained profit 2023: € 20,426,891 ▲ 9% vs 2022 (€ 18,670,281) Favourable step	€ 21,277,720 Retained profit 2024: € 21,277,720 ▲ 4% vs 2023 (€ 20,426,891) Favourable step	€ 18,030,034 Retained profit 2025: € 18,030,034 ▼ 15% vs 2024 (€ 21,277,720) Unfavourable step	▼ 15%
Dividend	€ 0 Dividend 2022: € 0 First fiscal year in the series	€ 0 Dividend 2023: € 0 Unchanged (€ 0) Unchanged	€ 0 Dividend 2024: € 0 Unchanged (€ 0) Unchanged	€ 7,753,953 Dividend 2025: € 7,753,953 Unchanged (€ 0) Unchanged
Balance sheet total	€ 52,751,004 Balance sheet total 2022: € 52,751,004 First fiscal year in the series	€ 57,542,560 Balance sheet total 2023: € 57,542,560 ▲ 9% vs 2022 (€ 52,751,004) Unchanged	€ 59,213,405 Balance sheet total 2024: € 59,213,405 ▲ 3% vs 2023 (€ 57,542,560) Unchanged	€ 50,424,704 Balance sheet total 2025: € 50,424,704 ▼ 15% vs 2024 (€ 59,213,405) Unchanged	▼ 15%
Employees (FTE)	80 Employees (FTE) 2022: 80 First fiscal year in the series	85 Employees (FTE) 2023: 85 ▲ 5 vs 2022 (80) Unchanged	78 Employees (FTE) 2024: 78 ▼ 7 vs 2023 (85) Unchanged	70.1 Employees (FTE) 2025: 70.1 ▼ 7.9 vs 2024 (78) Unchanged	▼ 7.9

Key figures of ICF, 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?

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

2032 James Morgan stepped down as director. NBB
2028 Warren Marshall stepped down as director. NBB
2026 Tobias Schafer stepped down as director. NBB
Jul 30, 2026 New annual accounts for financial year 2025: profit of € 4.5 million (▲ € 3.7 million vs 2024). Source: NBB ↗
2026 Barry Broadus stepped down as director. NBB
2022 Warren Marshall became a director. NBB
2022 Barry Broadus became a director. NBB
2021 Tobias Schafer became a director. NBB

In short

From € 1.7 million profit in 2022 to € 4.5 million profit in 2025.

Paid € 2.1 million in corporate taxes since 2022.

Best year ever: 2025, with € 4.5 million profit.

Paid out € 7.8 million in dividends to the owners in total.

Original PDFs at the National Bank ↗

Management

ICF

ICF Next 100%

It owns 100% of ICF Next itself.

Directors

According to the 2025 annual accounts

Tobias Schafer

Director

Also active at: ICF NEXT

since 2021 · until 2026

James Morgan

Managing director

Also active at: ICF NEXT

since 2020 · until 2032

Warren Marshall

Director

since 2022 · until 2028

Barry Broadus

Director

since 2022 · until 2026

Establishments

Establishment units

Physical locations of this company

Registered office

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 →

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EUROPEAN SOCIETY FOR RADIOTHERAPY AND ONCOLOGY

€ 3.7 million gross margin · 2025

AKTOR KNOWLEDGE TECHNOLOGY

€ 7.4 million revenue · 2024

+17 more

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

Website

HTTPS icf.com

Canonical: https://www.icf.com/

About

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Hosting & Email

Email provider

Mail.com

Hosting

MICROSOFT-CORP-MSN-AS-BLOCK - Microsoft Corporation, US

Domain

icf.com

Registered

1994-01-13

Registrar

101domain GRS Limited

Expires

2035-01-12

Website info

HTTPS Ja

Languages EN

Features

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Security

✓ HTTPS

✗ SPF

✓ DMARC

Details

Company number

0820.347.311

VAT number

BE 0820.347.311

Registered office

Marnixlaan 17, 1000 Brussel

Names & denominations

ICF

Enterprise type

Rechtspersoon

Legal form

Public limited company

Legal situation

Normale toestand

Start date

5 November 2009

Peppol

Active · Active since 22 Dec 2025

Contact

icf.com

Activities · NACE

Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies

Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering

View on CBE Public ↗ Annual accounts (NBB) ↗

ICF

Warning lights

Financials

What happened to ICF?

Management

Directors

Establishments

Establishment units

Who else lives here?

Website

Technologies

Hosting & Email

Domain

Website info

Features

Security

Details

Frequently asked questions