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 17.2 to 14.4.
Financials
Financial year 2025
INEX-GROUP from Sint-Lievens-Houtem, company number BE0883592301, closed financial year 2025 with a result of € 9.6 million after tax. For that financial year INEX-GROUP recorded revenue of € 3.2 million and equity of € 83.2 million. Compared with financial year 2024, the result moved from € 8.2 million to € 9.6 million. 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 July 7, 2026.
€ 83.2 million
▲ 13% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 9.6 million
▲ 18% vs 2024
Profit after tax over the fiscal year.
€ 279,511
▼ 27% 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 € 81.1 million.
People and assets in 2025
14.4
▼ 1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.9 million
▼ 6% vs 2024
€ 131,400 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.
€ 162,167
▼ 20% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 309,007
▼ 9% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 79 days on average.
€ 332,201
▼ 1% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 2,679,163 | € 3,150,398 | € 3,328,041 | € 3,188,232 | ▼ 4% |
| Profit after taxes | € 2,137,193 | € 2,178,782 | € 8,191,168 | € 9,648,430 | ▲ 18% |
| Equity | € 77,796,499 | € 71,675,281 | € 73,566,449 | € 83,214,878 | ▲ 13% |
| Total debts | € 2,823,389 | € 9,007,430 | € 9,974,849 | € 1,141,208 | ▼ 89% |
| Cash | € 770,715 | € 843,190 | € 383,817 | € 279,511 | ▼ 27% |
| Retained profit | € 75,677,799 | € 69,556,581 | € 71,447,749 | € 81,096,178 | ▲ 14% |
| Dividend | € 2,300,000 | € 8,300,000 | € 6,300,000 | € 0 | ▼ 100% |
| Balance sheet total | € 80,619,889 | € 80,682,711 | € 83,541,298 | € 84,356,087 | ▲ 1% |
| Employees (FTE) | 15 | 17.2 | 15.4 | 14.4 | ▼ 1 |
Key figures of INEX-GROUP, 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 INEX-GROUP?
What happened at INEX-GROUP in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Daisy Davignon-Pycke stepped down as director. NBB
- Catherine Gilain-Pycke stepped down as director. NBB
- Vincent Davignon stepped down as director. NBB
- Christophe Gilain stepped down as director. NBB
- Focus4Growth BV stepped down as director. NBB
- Argalix BV stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 9.6 million (▲ 18% vs 2024). Source: NBB ↗
- Focus4Growth BV became a director. NBB
In short
From € 2.1 million profit in 2022 to € 9.6 million profit in 2025.
Paid € 432,817 in corporate taxes since 2022.
Best year ever: 2025, with € 9.6 million profit.
Paid out € 16.9 million in dividends to the owners in total.
Management
It owns 100% of Inex Food, 100% of Inex NV, 99.9% of Inex BV and 50% of N2Com itself.
Directors
According to the 2025 annual accounts
Vincent Davignon
Director
since 2023 · until 2029
Director · represented by Francis Kint
Also active at: Pietercil Delby's, Greenyard, BROUWERIJ-HANDELSMAATSCHAPPIJ, PINGUIN LANGEMARK, GREENYARD FROZEN LANGEMARK, Greenyard Frozen Belgium, PIETERCIL GROUP, BELIES
since 2024 · until 2027
Daisy Davignon-Pycke
Managing director
Also active at: Nerilac, Melkerij Sint Clement, Melkerij Kosto, Inex, M - TRANS
since 2024 · until 2030
Christophe Gilain
Director
Also active at: Inex, N2COM, TTR Belgium Management, TTR Belgium Services, STRATODEV, TTR ENERGY
since 2023 · until 2029
Director · represented by Eric Lauwers
Also active at: AVEVE, CROP'S, Arvesta Belgium, Arvesta
since 2025 · until 2028
Catherine Gilain-Pycke
Managing director
Also active at: Finelac, Nerilac, Melkerij Sint Clement, Melkerij Kosto, Inex, INEX, M - TRANS, STRATODEV +1 more
since 2024 · until 2030
Establishments
Establishment units
Physical locations of this company
Meulestraat 19
9520 Sint-Lievens-Houtem
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 8 companies are registered at this address.
All companies at this address →Nerilac same network
€ 25.5 million revenue · 2025
Melkerij Sint Clement same network
€ 6.4 million revenue · 2025
Melkerij Kosto same network
€ 582,024 revenue · 2025
Inex same network
€ 351.1 million revenue · 2025
INEX same network
€ 2.2 million revenue · 2025
+3 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
- 0883.592.301
- VAT number
- BE 0883.592.301
- Registered office
- Meulestraat 19, 9520 Sint-Lievens-Houtem
- Names & denominations
- INEX-GROUP
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 19 September 2006
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Managementactiviteiten van holdings
Overige ondersteunende activiteiten in verband met financiële diensten, neg, exclusief verzekeringen en pensioenfondsen
Holdings
Activiteiten van holdings