ICN DEVELOPMENT (0669.908.823): annual accounts and directors

ICN DEVELOPMENT

Brussels ·KBO/BCE: BE 0669.908.823

75-100	Excellent	under 0.55%
60-74	Healthy	0.55% to 1.5%
45-59	Fair	1.5% to 4.2%
25-44	Weak	4.2% to 15.0%
0-24	Critical	over 15.0%

Group	Expected	Actual
1	0.2%	0.2%
2	0.3%	0.5%
3	0.5%	0.6%
4	0.7%	0.8%
5	0.9%	0.9%
6	1.3%	1.5%
7	1.6%	1.8%
8	1.8%	1.8%
9	3.0%	3.1%
10	5.6%	6.2%

Company
ICN DEVELOPMENT Brussels	€5.4m	-€332,784	-47.8%	1.3
TRIVIUM Sint-Truiden	€5.6m	-€63,107	70.9%	1.1
KOWALA PRODUCTIONS Ghent	€5.4m	-€272,856	25.1%	2
SynchromaX Mortsel	€7.9m	-€131,861	70.8%	0.7
USQUARE INCUBATOR Etterbeek	€4.2m	-€86,181	97.2%	0.1
THANKS COMPANY Tournai	€7.4m	-€55,778	74.9%	0.6
Boels & Partners Knokke Knokke-Heist	€5.0m	-€90,440	-5.8%	0.5

Line	2025	2024	2023	2022	2021	2020	2019	2018
Balance sheet: assets
`20/58`	5.4m	5.2m	7.0m	6.5m	5.8m	3.4m	1.7m	1.2m
`21/28`	293,397	366,580	449,521	562,823	492,507	364,947	367,222	255,651
`21`	0	432	3,062	8,055	23,239	39,350	41,878	55,358
`22/27`	287,747	360,497	446,458	554,768	461,096	325,597	325,345	200,293
`23`	23,596	27,870	32,145	36,419	35,966	-	-	-
`24`	45,884	57,980	83,287	130,640	125,225	86,074	64,788	31,537
`26`	218,268	274,647	331,027	387,709	299,905	239,523	260,557	168,756
`28`	5,650	5,650	-	0	8,172	-	-	-
`29/58`	5.1m	4.8m	6.6m	5.9m	5.4m	3.0m	1.4m	986,945
`40/41`	4.7m	4.7m	6.4m	5.9m	5.2m	3.0m	1.2m	964,721
`40`	3.5m	3.6m	5.1m	5.0m	4.7m	2.8m	1.1m	964,721
`41`	1.2m	1.1m	1.3m	852,451	505,231	201,603	57,078	-
`54/58`	384,919	94,155	120,279	52,015	68,504	2,745	162,433	7,383
`490/1`	1,716	3,051	80,389	702	36,587	24,519	22,284	14,841
Balance sheet: equity and liabilities
`10/49`	5.4m	5.2m	7.0m	6.5m	5.8m	3.4m	1.7m	1.2m
`10/15`	-2.6m	-1.9m	-112,127	57,166	32,791	40,214	48,837	45,334
`10/11`	20,000	20,000	20,000	20,000	20,000	20,000	20,000	20,000
`100`	-	-	-	-	-	-	20,000	20,000
`13`	2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000
`130/1`	-	0	2,000	2,000	2,000	2,000	-	-
`130`	-	-	-	-	-	-	2,000	2,000
`1311`	-	0	2,000	2,000	2,000	2,000	-	-
`133`	2,000	2,000	-	-	-	-	-	-
`14`	-2.6m	-2.0m	-134,127	35,166	10,791	18,214	26,837	23,334
`17/49`	7.9m	7.1m	7.1m	6.4m	5.8m	3.3m	1.7m	1.2m
`17`	-	-	0	6,233	37,462	76,194	125,264	45,022
`170/4`	-	-	0	6,233	37,462	76,194	125,264	45,022
`42/48`	7.9m	7.1m	7.0m	6.4m	5.7m	3.2m	1.4m	1.1m
`42`	-	0	6,233	31,228	38,732	50,722	49,738	17,787
`43`	-	-	0	780	32	67	-	-
`430/8`	-	-	0	780	32	67	-	-
`44`	3.1m	3.7m	6.8m	587,489	471,032	532,115	355,956	269,040
`440/4`	3.1m	3.7m	6.8m	587,489	471,032	532,115	355,956	269,040
`45`	34,573	19,493	195,675	172,495	243,467	154,045	74,892	136,737
`450/3`	2,794	401	7,151	55,585	90,068	40,873	31,622	69,911
`454/9`	31,779	19,092	188,524	116,911	153,399	113,172	43,270	66,827
`47/48`	4.8m	3.4m	0	5.6m	5.0m	2.5m	931,925	663,203
`492/3`	6,104	0	82,073	1,728	51,424	21,212	135,133	65,472
Income statement
`9900`	-332,784	-3.2m	3.6m	1.8m	1.4m	871,368	613,378	764,522
`62`	64,253	-141,505	341,067	1.1m	1.1m	742,643	470,889	595,503
`630`	74,633	90,078	102,963	121,330	99,237	84,621	73,017	46,224
`631/4`	-25,000	-1.4m	2.9m	170,854	-	-	-	-
`640/8`	23,577	24,497	31,833	27,897	9,925	4,240	7,079	288
`66A`	-	-	0	148,848	0	1,193	-	-
`9901`	-470,246	-1.8m	225,817	201,133	123,000	38,671	62,392	122,508
`75/76B`	32,185	29,178	24,216	1,079	18	1	43	163
`75`	32,185	29,178	24,216	1,079	18	1	43	163
`65/66B`	193,101	72,812	425,485	117,837	66,717	29,541	26,958	44,866
`65`	193,101	72,812	425,485	117,837	66,717	29,541	26,958	44,866
`9903`	-631,162	-1.8m	-175,453	84,375	56,302	9,130	35,477	77,805
`67/77`	-	0	-6,160	60,000	63,725	17,753	31,974	52,471
`9904`	-631,162	-1.8m	-169,292	24,375	-7,423	-8,623	3,503	25,334
`9905`	-631,162	-1.8m	-169,292	24,375	-7,423	-8,623	3,503	25,334
Appropriation of the result
`9906`	-2.6m	-2.0m	-134,127	35,166	10,791	18,214	26,837	25,334
`14P`	-2.0m	-134,127	35,166	10,791	18,214	-	-	-
`691/2`	-	-	-	-	-	-	-	2,000
`6920`	-	-	-	-	-	-	-	2,000
Social balance sheet
`9087`	1.3	0.3	2.3	11.6	13.2	9.4	8	4.8
Hours worked`1013`	2,227	407	3,519	19,154	22,412	15,724	13,504	15,687
Document	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF

Financial year	Type	Filed	Reference	Document
31-12-2025	abbreviated format	31-08-2026	2026-00502199	PDF
31-12-2024	full format	29-08-2025	2025-00471768	PDF
31-12-2023	full format	20-08-2024	2024-00357106	PDF
31-12-2022	abbreviated format	24-10-2023	2023-00495372	PDF
31-12-2021	abbreviated format	17-10-2022	2022-20468256	PDF
31-12-2020	abbreviated format	31-08-2021	2021-64400573	PDF
31-12-2019	abbreviated format	16-07-2020	2020-30300235	PDF
31-12-2018	abbreviated format	21-10-2019	2019-70900140	PDF

2025	2024	2023	2022	2021	2020	2019	2018
-395,613	-1.7m	328,780	322,463	222,237	123,292	135,409	168,732
-556,529	-1.7m	-66,329	145,705	91,814	75,998	76,521	71,558
1,451	7,137	-10,339	207,909	230,036	104,970	201,325	301,874
290,765	-26,125	68,264	-16,489	65,759	-159,689	155,050	-
-2.9m	-2.3m	-479,575	-497,696	-370,831	-227,327	-57,988	-99,823
-47.8%	-37.5%	-1.6%	0.9%	0.6%	1.2%	2.8%	3.6%
0.64	0.68	0.93	0.92	0.94	0.93	0.96	0.91
-	-	-	-	-	82.99	34.25	26.41
-	-	-	42.6%	-22.6%	-21.4%	7.2%	55.9%
-11.7%	-35.3%	-2.4%	0.4%	-0.1%	-0.3%	0.2%	2.0%
-2.05	-23.27	0.77	2.74	3.33	-	-	-

Item	31-12-2025	31-12-2024	31-12-2023	31-12-2022	31-12-2021
Employees at the balance-sheet date	3	0	0	5	15
full-time	3	0	0	4	11
part-time	0	0	0	1	4
in full-time equivalents	3	0	0	4.9	14.5
	1.3	0.3	2.3	11.6	13.2
On a permanent contract	3	0	0	4	15
Joined	3	1	1	4	6
Left	0	1	6	14	1
Training hours	0	0	0	-	-

Item	2025	2024	2023	2022	2021
Tangible fixed assets	€1,451	€1,487	-	€207,909	€221,864
Financial fixed assets	€0	€5,650	-	-	€8,172
	€74,633	€90,078	€102,963	€121,330	€99,237

Elia Transmission Belgium establishment since 01-01-2020 · founded in 2019 · group Elia Group	turnover €1.52bn (2025) 0731.852.231
ELIA ASSET establishment since 22-06-2014 · founded in 2001 · group Elia Group	1,000 FTE (2025) 0475.028.202
Elia Group establishment since 22-06-2014 · founded in 2001	total assets €7.15bn (2025) 0476.388.378
EUROGRID INTERNATIONAL establishment since 03-03-2010 · founded in 2010 · group Elia Group	total assets €1.64bn (2025) 0823.637.886
JCDECAUX STREET FURNITURE BELGIUM registered office since 01-03-1967 · founded in 1967	230 FTE (2025) 0401.841.603
MoneyGram International registered office since 21-02-2017 · founded in 2017	23 FTE (2025) 0671.690.653
SOLHER registered office since 20-11-2015 · founded in 2015	total assets €131.1m (2025) 0643.510.074
Elia Engineering establishment since 22-06-2014 · founded in 2000 · group Elia Group	285 FTE (2025) 0471.869.861
Immobilière Sem registered office since 09-07-1980 · founded in 1980	total assets €43.3m (2025) 0420.838.359
Immo Jaspe registered office since 09-09-1980 · founded in 1980	total assets €42.0m (2025) 0420.838.458

17-02-2025	Granted	Verbouwen en/of uitbreiden zonder functiewijziging en zonder wijziging van aantal woongelegenheden submitted 13-12-2024 · project 2024042425	Brasschaat
18-08-2022	Granted	Bomen vellen die geen deel uitmaken van een bos en/of bodemreliëf wijzigen; Bouwen of herbouwen; Verwijderen van vrijstaande gebouwen submitted 19-04-2022 · project 2022043942	Hoogstraten
28-08-2020	Refused	Functiewijziging; Gevel-, dak-, instandhoudings- en renovatiewerken binnen een gebouw, zonder volume- of oppervlaktewijziging; Verbouwen en/of uitbreiden met functiewijziging, maar zonder wijziging van het aantal woongelegenheden submitted 02-01-2020 · project 2019156259	Antwerpen
03-04-2020	Discontinued	Bouwen of herbouwen; Slopen van niet vrijstaande gebouwen of constructies submitted 09-03-2020 · project 2020028468	Brasschaat

Overview

Lifetime

Key points

Equity

Losses

Debts

Staff

At the same address

Position in the sector

Checked score

Score breakdown

Comparable companies, two years later

Credit verdict

Signals

Board and ownership

Recent changes

Comparable companies

Official details

Annual accounts 2025

Insights on ICN DEVELOPMENT

Financials

Annual accounts 2025

Balance sheet

Change in equityin €m

Change in cashin euro

Position in the sector

Solvency-47.8%

Current ratio0.64

Return on assets-11.7%

Staff

Staff cost per FTE€49,425

Joined and left+3 people

Filed annual accounts

Filings

Subsidies and aid

Flemish government 2022, 1 entry, €7,500 awarded, €7,500 paid

Key figures and ratios

Social balance sheet

Investments

Insights on ICN DEVELOPMENT

Board & ownership

Board

Mandates through the years

Control

Capital

Owners through the years

Articles of association

Network & group

No group

At the same address

Timeline

Timeline

History

Company details

Identity

Activities

Registered office and establishments

Buildings and parcels at the address

Environmental permits

Location

Parcels

Invoicing and payment

in €m

in euro

-47.8%

0.64

-11.7%

€49,425

+3 people