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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Busy address KBO
23 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
INCUBATHOR WETENSCHAPSPARK WATERSCHEI from Genk, company number BE0842636624, closed financial year 2025 with a result of € 9,460 after tax. For that financial year INCUBATHOR WETENSCHAPSPARK WATERSCHEI recorded revenue of € 1.2 million and equity of € 6.1 million. Compared with financial year 2024, the result moved from € 148,270 to € 9,460. 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 June 17, 2026.
€ 6.1 million
▼ 1% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 9,460
▼ 94% vs 2024
Profit after tax over the fiscal year.
€ 605,620
▼ 54% 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 € -625,948.
People and assets in 2025
2.5
▲ 1.1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 223,251
▲ 40% vs 2024
€ 89,300 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.
€ 102,895
▼ 30% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 1.5 million
▼ 40% vs 2024
€ 268,148 is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 68,821
▼ 19% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 51 days on average.
€ 78,239
▲ 46% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 992,236 | € 1,253,825 | € 1,177,733 | € 1,164,267 | ▼ 1% |
| Profit after taxes | € -36,464 | € 262,227 | € 148,270 | € 9,460 | ▼ 94% |
| Equity | € 5,836,188 | € 6,047,251 | € 6,144,357 | € 6,102,653 | ▼ 1% |
| Total debts | € 3,655,429 | € 3,269,591 | € 2,807,208 | € 1,818,364 | ▼ 35% |
| Cash | € 1,472,634 | € 1,330,708 | € 1,330,517 | € 605,620 | ▼ 54% |
| Land & buildings | € 7,900,950 | € 7,781,817 | € 7,565,700 | € 7,345,227 | ▼ 3% |
| Retained profit | € -1,045,906 | € -783,678 | € -635,408 | € -625,948 | ▲ € 9,460 |
| Bank debt | € 3,179,259 | € 2,811,111 | € 2,442,963 | € 1,474,815 | ▼ 40% |
| Balance sheet total | € 9,870,343 | € 9,680,568 | € 9,300,291 | € 8,254,742 | ▼ 11% |
| Employees (FTE) | 2.7 | 2.6 | 1.4 | 2.5 | ▲ 1.1 |
Key figures of INCUBATHOR WETENSCHAPSPARK WATERSCHEI, 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 INCUBATHOR WETENSCHAPSPARK WATERSCHEI?
What happened at INCUBATHOR WETENSCHAPSPARK WATERSCHEI in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- LRM BEHEER naamloze vennootschap stepped down as director. NBB
- Kathleen PARTHOENS stepped down as director. NBB
- Wim DESMET stepped down as director. NBB
- LRM NV stepped down as director. NBB
- MdbM BVBA stepped down as director. NBB
- Erik GERITS stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 9,460 (▼ 94% vs 2024). Source: NBB ↗
- Annita LAPORTE stepped down as director. NBB
In short
From € 36,464 loss in 2022 to € 9,460 profit in 2025.
Paid € 658 in corporate taxes since 2022.
Best year ever: 2023, with € 262,227 profit.
Pays suppliers within 51 days on average.
A new publication or filing at INCUBATHOR WETENSCHAPSPARK WATERSCHEI? We notify you, reason included.
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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 THOR PARK comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
INCUBATHOR WETENSCHAPSPARK WATERSCHEIThe shares are held by THOR PARK (100%).
Directors
According to the 2025 annual accounts
LRM BEHEER naamloze vennootschap
Director · represented by Gert Vandewaerde, Roeland Engelen
Also active at: Transport Marcel Depaire, Trafuco, Beltra - B, MIJNSCHADE EN BEMALING LIMBURGS MIJNGEBIED, BlooLoc, be-DIVE, LRM Lease, RMW +62 more
since 2022 · until 2027
since 2023 · until 2025
since 2025 · until 2027
Wim DESMET
Director
Also active at: VOKA - Kamer van Koophandel Vlaams-Brabant, Vlerick Business School, VLERICK RESEARCH, Z.org KU Leuven, Wetenschapspark Leuven Noord, SALVE MATER, AVICON, PARKEERGEBOUW +1 more
since 2023 · until 2027
Director · represented by Tom Vanham
Also active at: H.W.P., Corda Campus, MIJNSCHADE EN BEMALING LIMBURGS MIJNGEBIED, be-DIVE, LRM Lease, RMW, CORDA CAMPUS 2.0, Mobietrain +33 more
since 2023 · until 2027
Director · represented by Michael De Blauwe
Also active at: INNOVATIE- EN INCUBATIECENTRUM K.U. LEUVEN, nextAuth, Bio-Incubator Leuven, PARKEERGEBOUW, Open Thor Living Lab
since 2021 · until 2027
since 2021 · until 2027
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Thor Park 8300
3600 Genk
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 23 companies are registered at this address.
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€ 356,779 gross margin · 2025
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+18 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0842.636.624
- VAT number
- BE 0842.636.624
- Registered office
- Thor Park 8300, 3600 Genk
- Names & denominations
- INCUBATHOR WETENSCHAPSPARK WATERSCHEI
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 23 December 2011
- Peppol
- Active · Active since 16 Jan 2026
- Activities · NACE
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen
Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen
Administratieve en ondersteunende activiteiten ten behoeve van kantoren
Activiteiten van syndici van onroerend goed
Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies
Overige zakelijke dienstverlening, neg
Bemiddeling in verband met exploitatie van en handel in onroerend goed
Beheer van niet-residentieel onroerend goed voor een vast bedrag of op contractbasis
+3