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ICARUS GROUP

Active
Public limited companyfounded 2012active for 13 yearsRue des Alouettes 100, 4041 Herstal, BelgiumKBO/BCE: BE 0508.780.539

From the official registers: KBO 24 annual accounts at the National Bank publications in the Belgian Official Gazette

Summary

ICARUS GROUP has been active since 2012 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €11.3m and a net result of -€525,781. Equity is shrinking by about 3.4% per year across the filed financial years. Its solvency ranks better than 46% of 3,858 sector peers (NACE 70, financial year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).

Risk analysisFollow ReportCompare
ICARUS GROUPActiveChecked score 84/100
Risk analysis ReportCompare

Directors

Directors
5 directors, 1 in day-to-day management, no change since 2025

Board 5

THISE Léopold Marie
Chair · appointed in the act of 10-01-2013 · Director · since 26-06-2025 · in the 2025 annual accounts, filed on 20-05-2026
Current
BESSEMANS Yves Emile Armand
Director · since 26-06-2025 · in the 2025 annual accounts, filed on 20-05-2026
Current
HY9 SRL
Director · since 26-06-2025 · Legal entity · in the 2025 annual accounts, filed on 20-05-2026
Current
SPARAXIS
Director · since 26-06-2025 · Public limited company · permanent representative: Emmanuel Calay · in the 2025 annual accounts, filed on 20-05-2026
Current
WALLONIE ENTREPRENDRE
Director · since 26-06-2025 · Legal entity · permanent representative: Alexis van Lede · in the 2025 annual accounts, filed on 20-05-2026
Current

Day-to-day management 1

THISE Léopold Marie
Managing director · appointed in the act of 10-01-2013
Current

Permanent representatives 2

Emmanuel Calay
Permanent representative · appointed in the act of 01-03-2013 · for SPARAXIS
Current
Alexis van Lede
Permanent representative · in office according to the act of 04-12-2025 · for WALLONIE ENTREPRENDRE
Current

Statutory auditor 1

BDO Réviseurs d'Entreprises
Commissaire des comptes consolidés · since 28-11-2025 · permanent representative: Christophe COLSON · in the 2025 annual accounts, filed on 20-05-2026
Current
Office holders in the KBO →

Mandate history

17 people, 6 in office
Show
  • Board
  • Day-to-day management
  • Statutory auditor
  • began earlier
  • end not dated
Mandates per person, with start and end dates
Name Functions and periods
BESSEMANS Yves Emile Armand
  • Director, appointed in the act of 10-01-2013, still in office
THISE Léopold Marie
  • Chair, appointed in the act of 10-01-2013, still in office
  • Director, appointed in the act of 10-01-2013, still in office
  • Managing director, appointed in the act of 10-01-2013, still in office
SPARAXIS
  • Director, appointed in the act of 01-03-2013, still in office
HY9 SRL
  • Director, from 26-06-2025 to date
WALLONIE ENTREPRENDRE
  • Director, since before 04-12-2025
BDO Réviseurs d'Entreprises
  • Commissaire des comptes consolidés, appointed in the act of 13-02-2014, still in office
HY9 SRL
  • Director, from before 04-12-2025, no longer listed in the 2025 annual accounts
HY9 SRL
  • Independent director, appointed in the act of 23-09-2025, no longer listed in the 2025 annual accounts
HY9
  • Independent director, appointed in the act of 23-09-2025, no longer listed in the 2025 annual accounts
Carina Sutera Sardo
  • Chair, until 01-10-2024
  • Independent director, appointed in the act of 29-04-2025, no longer listed in the 2025 annual accounts
OVEA
  • Director, until 06-03-2024
OVEA
  • Independent director, appointed in the act of 27-10-2020, no longer listed in the 2025 annual accounts
Leopold THISSE
  • Director, from before 26-06-2019, no longer listed in the 2025 annual accounts
SOGEPA
  • Director, from before 26-06-2019, no longer listed in the 2025 annual accounts
Sociètè Wallonne de Gestion et de Participations SA
  • Director, appointed in the act of 14-11-2016, no longer listed in the 2025 annual accounts
BROUZES Jean Pierre
  • Director, appointed in the act of 10-01-2013, until 17-12-2013
MOORE STEPHENS RSP
  • Commissaire reviseur, appointed in the act of 10-01-2013, until 10-01-2013
See the board, name and registered office on a given date →

How the board is organised

Who represents it, and how

Who signsWho may bind the company towards others, for example by signing a contract.
“Article 22 : Représentation de la société La société est représentée dans tous les actes, y compris ceux où interviennent un fonctionnaire…”
Board ruleHow the board is made up, meets and takes decisions.
One provision in the deed

Oversight and winding up

Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
“Désignation des liquidateurs, organe d'administration en fonction en qualité de collège”
“Pouvoirs des liquidateurs, toutes les opérations prévues par la loi”

Articles of association, deed of 10-01-2024

The directors' other companies

5 current directors with another company that went bankrupt, was dissolved or struck off

8 other companies of this director went bankrupt (2025, 2026).

SPARAXIS

4 other companies of this director went bankrupt (2024, 2026).

Sociètè Wallonne de Gestion et de Participations SA

1 other company of this director went bankrupt.

SOGEPA

1 other company of this director went bankrupt (2026).

WALLONIE ENTREPRENDRE

1 other company of this director went bankrupt.

  • HAPPY PAPER bankruptcy according to the KBO registermandate until 2023

Source: Belgian Official Gazette (bankruptcies, judicial dissolutions, board mandates), FPS Economy (strike-offs) and the KBO register. A bankruptcy, dissolution or strike-off says nothing about the director's part in it.

Owners and capital

Owners

3 owners

Chain of control

  1. MYSIE INVEST 57%
  2. ICARUS GROUP

Owners 3

Capital and shareholders

Shareholders according to the deeds
After the capital increase act of 28-03-2018 ↗
  • SOCIETE REGIONALE D’INVESTISSEMENT DE WALLONIE
After the capital increase act of 01-03-2013 ↗
Capital over the years
  1. 10-01-2024 Capital increase of €3,300,000 · to €10,000,000 · 330 new shares · in cash
  2. 10-01-2024 Capital increase of €1,000,000 · to €11,000,000 · 110 new shares · in cash
  3. 10-01-2024 Capital increase of €1,800,000 · to €12,800,000 · 200 new shares · in cash
  4. 10-01-2024 Capital increase of €2,600,000 · to €15,400,000 · 291 new shares · in kind
  5. 23-01-2019 Capital increase of €2,600,000 · to €15,400,000 · 291 new shares
  6. 28-03-2018 Capital increase of €1,800,000 · to €12,800,000 · 200 new shares
  7. 19-01-2018 Capital increase of €1,000,000 · to €11,000,000 · 110 new shares · in cash
  8. 01-03-2013 Capital increase of €3,300,000 · to €10,000,000 · 330 new shares
Show 1 older capital entries
  1. 10-01-2013 Incorporation · €6,700,000 · 6,700 shares

Shares according to the articles of association

Capital, shares and profit

Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
“Tout transfert de titres représentatifs du capital ou conférant droit de vote actuellement ou potentiellement,volontaire ou forcé,à titre…”
“Prix le plus eleve paye par acquereur, accepter ou refuser”
Authorised capitalThe amount by which the board may raise capital without a new shareholder decision.
“Jour fixé par la loi comme point de départ, autorisation d’augmenter le capital”

deed of 10-01-2024 (in French)

Other provisionsRules from the articles on subjects other than the board, the shares, the purpose and the meetings.

2 more provisions in the deed, see the deed of 27-08-2026
Liquidation distribution: “Mode de liquidation, paiement dettes, charges et frais ou consignation”
deed of 10-01-2024 (in French)

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