INCOS (0442.132.235): financials and annual accounts

INCOS

Antwerp ·KBO/BCE: BE 0442.132.235

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
Balance sheet: assets
Total assets`20/58`	436,679	479,782	503,008	514,840	525,920	460,055	407,416	431,082	432,467	459,483	514,553	527,396	564,596	600,218	660,266	661,388	667,130	722,131	688,737	601,799
Fixed assets`21/28`	75,383	83,051	101,392	119,861	124,960	143,663	137,170	144,248	160,785	176,636	181,777	156,626	170,756	190,011	205,375	210,346	232,031	228,094	37,242	20,914
Tangible fixed assets`22/27`	75,383	83,051	101,392	119,861	124,960	143,663	137,170	144,248	160,785	176,636	181,777	156,626	170,756	190,011	205,375	210,346	232,031	228,094	37,242	20,914
Land and buildings`22`	71,512	72,981	88,707	104,434	113,467	128,581	133,709	144,018	160,326	176,636	181,408	155,788	169,449	180,946	190,316	183,242	191,181	200,678	1,182	1,577
Plant, machinery and equipment`23`	1,889	2,375	0	742	1,484	2,473	3,461	230	459	-	260	619	978	1,627	1,059	1,034	1,489	736	1,170	2,229
Furniture and vehicles`24`	1,982	7,695	12,685	14,684	10,009	12,609	-	-	-	-	110	219	329	7,438	14,000	26,070	39,362	26,681	34,890	17,108
Current assets`29/58`	361,296	396,731	401,616	394,979	400,960	316,392	270,246	286,834	271,682	282,846	332,776	370,770	393,840	410,207	454,891	451,041	435,098	494,037	651,495	580,885
Amounts receivable after more than one year`29`	245,274	239,081	235,546	229,599	223,802	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Trade receivables`290`	-	-	0	229,599	223,802	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other amounts receivable`291`	245,274	239,081	235,546	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amounts receivable within one year`40/41`	13,700	29,387	51,874	65,785	76,809	76,031	77,940	60,512	79,565	81,573	94,516	109,738	81,271	73,683	120,283	61,764	27,863	86,659	41,081	208,479
Trade receivables`40`	248	-	-	-	-	0	9,600	23,478	30,718	40,229	20,456	21,373	21,733	28,667	88,526	29,448	26,768	86,659	35,858	53,659
Other amounts receivable`41`	13,452	29,387	51,874	65,785	76,809	76,031	68,340	37,033	48,847	41,345	74,060	88,365	59,538	45,015	31,756	32,316	1,094	-	5,223	154,820
Current investments`50/53`	0	49,762	49,757	49,757	49,747	219,962	155,330	108,953	175,162	170,955	196,515	97,011	199,196	199,196	199,196	-	-	243,143	500,000	-
Cash at bank and in hand`54/58`	101,964	78,501	64,441	49,839	50,602	20,400	36,976	117,370	16,955	30,318	41,745	164,021	112,967	137,328	135,412	389,277	407,236	162,599	110,414	372,406
Deferred charges and accrued income`490/1`	359	-	-	-	-	-	-	-	-	-	-	-	405	-	-	-	-	1,636	-	-
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	436,679	479,782	503,008	514,840	525,920	460,055	407,416	431,082	432,467	459,483	514,553	527,396	564,596	600,218	660,266	661,388	667,130	722,131	688,737	601,799
Equity`10/15`	286,958	323,502	323,502	321,080	314,361	251,348	198,054	229,836	192,844	227,909	273,128	289,978	323,717	347,815	393,274	386,313	410,563	404,245	376,803	317,426
Contributions`10/11`	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000
Capital`10`	62,000	62,000	62,000	62,000	62,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Issued capital`100`	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000
Reserves`13`	261,502	261,502	261,502	259,080	252,361	189,348	136,054	167,836	130,844	165,909	211,128	227,978	261,717	285,815	331,274	324,313	348,563	342,245	314,803	255,426
Non-distributable reserves`130/1`	6,200	6,200	6,200	6,200	6,200	6,200	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Legal reserve`130`	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200
Distributable reserves`133`	255,302	255,302	255,302	252,880	246,161	183,148	129,854	161,636	124,644	159,709	204,928	221,778	255,517	279,615	325,074	318,113	342,363	336,045	308,603	249,226
Profit (loss) carried forward`14`	-36,544	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Provisions and deferred taxes`16`	136,865	151,100	161,546	171,010	179,556	188,045	195,020	201,246	206,775	211,651	214,696	229,830	234,590	239,075	243,279	247,205	223,104	223,104	223,104	223,104
Provisions for liabilities and charges`160/5`	136,865	151,100	161,546	171,010	179,556	188,045	195,020	201,246	206,775	211,651	214,696	229,830	234,590	239,075	243,279	247,205	223,104	223,104	223,104	223,104
Environmental obligations`163`	-	-	0	171,010	179,556	188,045	195,020	-	-	-	-	-	-	-	-	-	-	-	-	-
Other liabilities and charges`164/5`	136,865	151,100	161,546	-	-	-	-	201,246	206,775	211,651	-	-	-	-	-	-	-	-	-	-
Amounts payable`17/49`	12,855	5,180	17,961	22,750	32,003	20,662	14,341	-	32,848	19,922	26,729	7,588	6,289	13,327	23,713	27,869	33,463	94,782	88,830	61,269
Amounts payable within one year`42/48`	12,765	5,180	17,961	22,750	32,003	20,662	14,341	-	32,848	19,922	26,729	7,588	6,289	12,775	23,713	27,869	32,116	54,211	87,950	57,017
Trade debts`44`	12,547	5,000	17,903	19,280	20,420	11,519	14,341	-	15,654	19,922	12,293	5,492	2,371	2,482	-	12,937	8,949	17,545	36,554	10,547
Suppliers`440/4`	12,547	5,000	17,903	19,280	20,420	11,519	14,341	-	15,654	19,922	12,293	5,492	2,371	2,482	-	12,937	8,949	17,545	36,554	10,547
Taxes, remuneration and social security`45`	219	180	58	3,470	11,583	7,987	-	-	108	-	-	245	2,318	10,294	20,799	6,544	13,327	29,827	50,246	46,470
Taxes`450/3`	219	180	58	3,445	11,583	7,609	-	-	-	-	-	-	1,499	4,228	12,477	-	3,943	11,886	28,976	28,437
Remuneration and social security`454/9`	-	-	0	25	0	378	-	-	108	-	-	245	820	6,065	8,322	6,544	9,384	17,941	21,269	18,033
Other amounts payable`47/48`	-	-	-	-	0	1,156	-	-	17,086	-	14,436	1,852	1,600	-	2,913	8,388	9,841	6,840	1,150	-
Accrued charges and deferred income`492/3`	90	-	-	-	-	-	-	-	-	-	-	-	-	552	-	-	1,347	40,571	880	4,252
Income statement
Non-recurring operating income`76A`	-	-	-	-	-	-	0	42,479	-	-	3,617	1,129	-	100	1,721	-	-	2,934	-	7,000
Gross operating margin`9900`	33,280	27,331	29,496	34,616	30,103	42,724	19,134	38,483	-4,181	-10,444	-1,653	-12,493	18,565	36,086	108,910	75,476	129,074	204,934	235,320	200,052
Remuneration, social security and pensions`62`	-	-	-	-	-	-	-	-	-	64	378	-	16,197	55,408	73,272	47,525	88,095	144,445	151,017	149,714
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	20,540	20,771	20,969	20,549	19,276	18,441	18,013	16,538	16,540	16,675	16,197	14,130	21,420	21,286	20,509	25,166	25,059	45,307	14,904	8,658
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)`631/4`	-	-	-	-	-	-	-	-	-	-	-	-6,811	-	-	-	-	6,811	-	-	-
Provisions for liabilities and charges: additions (uses and reversals)`635/8`	-14,235	-10,446	-9,464	-8,546	-8,489	-6,975	-6,226	-5,529	-4,876	-3,045	-15,134	-4,760	-4,485	-4,204	-3,926	24,101	-	-	-	-
Other operating charges`640/8`	2,611	3,096	2,091	2,127	2,027	2,136	1,930	2,049	2,027	1,747	1,735	10,051	2,286	2,361	3,164	3,331	4,493	2,782	2,406	2,895
Non-recurring operating charges`66A`	1,492	-	-	-	-	-	-	-	-	-	-	2,192	-	-	-	-	1,874	-	-	17
Operating profit (loss)`9901`	22,872	13,910	15,900	20,485	17,289	29,122	5,416	25,425	-17,871	-25,885	-4,829	-25,103	-16,852	-38,765	15,892	-24,646	4,616	12,400	66,992	38,785
Financial income`75/76B`	9,830	6,210	6,062	5,954	72,518	54,194	1,050	64,470	1,612	1,522	5,196	8,839	9,015	9,708	5,774	4,348	6,051	20,336	13,976	19,363
Recurring financial income`75`	9,830	6,210	6,062	5,954	744	593	1,050	1,693	1,612	1,522	5,196	8,839	9,015	9,708	5,774	4,348	6,051	20,336	13,976	19,363
Non-recurring financial income`76B`	-	-	-	0	71,773	53,601	0	62,777	-	-	-	-	-	-	-	-	-	-	-	-
Financial charges`65/66B`	67,376	19,939	19,299	18,908	20,302	24,566	38,192	52,777	18,779	20,857	20,833	16,413	16,087	16,261	16,426	3,952	1,163	989	100	55
Recurring financial charges`65`	67,376	19,939	19,299	18,908	20,302	24,566	18,558	22,292	17,243	16,705	20,833	16,413	16,087	16,261	16,426	3,952	1,163	989	100	55
Non-recurring financial charges`66B`	-	-	-	-	-	0	19,634	30,485	1,536	4,151	-	-	-	-	-	-	-	-	-	-
Profit (loss) for the period before taxes`9903`	-34,674	181	2,664	7,531	69,504	58,750	-31,726	37,118	-35,038	-45,219	-16,849	-33,739	-23,924	-45,218	6,961	-24,250	7,631	34,681	80,868	65,076
Income taxes`67/77`	1,870	181	242	812	6,491	5,456	56	126	27	-	-	-	175	241	-	-	1,313	7,238	21,491	21,167
Profit (loss) for the period`9904`	-36,544	0	2,421	6,719	63,013	53,294	-31,782	36,992	-35,066	-45,219	-16,849	-33,739	-24,099	-45,459	6,961	-24,250	6,318	27,442	59,377	43,909
Profit (loss) for the period to be appropriated`9905`	-36,544	0	2,421	6,719	63,013	53,294	-31,782	36,992	-35,066	-45,219	-16,849	-33,739	-24,099	-45,459	6,961	-24,250	6,318	27,442	59,377	43,909
Appropriation of the result
Profit (loss) to be appropriated`9906`	-36,544	0	2,421	6,719	63,013	53,294	-31,782	36,992	-35,066	-45,219	-16,849	-33,739	-24,099	-45,459	6,961	-24,250	6,318	27,442	59,377	43,909
Transfer from equity`791/2`	-	-	-	-	-	0	31,782	-	35,066	45,219	16,849	33,739	24,099	45,459	-	24,250	-	-	-	-
Transfer to equity`691/2`	0	0	2,421	6,719	63,013	53,294	0	36,992	-	-	-	-	-	-	6,961	-	6,318	27,442	59,377	43,909
To the legal reserve`6920`	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-
To other reserves`6921`	0	0	2,421	6,719	63,013	53,294	-	36,992	-	-	-	-	-	-	6,961	-	6,318	27,442	59,377	43,909
Social balance sheet
Average staff (FTE)`9087`	-	-	-	-	-	-	-	-	-	-	-	-	0.8	1.4	1.8	2.1	2.1	3.6	3.8	3.8
Hours worked`1013`	-	-	-	-	-	-	-	-	-	-	-	-	227	2,316	3,077	2,078	3,442	5,966	6,296	6,422
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Financial year	Type	Filed	Reference	Document
31-12-2025	abbreviated format	20-08-2026	2026-00408214	PDF
31-12-2024	micro format	03-06-2025	2025-00115613	PDF
31-12-2023	micro format	11-07-2024	2024-00236495	PDF
31-12-2022	micro format	11-07-2023	2023-00238032	PDF
31-12-2021	micro format	21-06-2022	2022-20086559	PDF
31-12-2020	micro format	30-06-2021	2021-29200062	PDF
31-12-2019	micro format	02-07-2020	2020-25500136	PDF
31-12-2018	micro format	26-06-2019	2019-23300576	PDF
31-12-2017	micro format	20-06-2018	2018-23000171	PDF
31-12-2016	micro format	28-08-2017	2017-51100126	PDF
31-12-2015	abbreviated format	05-07-2016	2016-27900594	PDF
31-12-2014	abbreviated format	02-07-2015	2015-26700600	PDF
31-12-2013	abbreviated format	16-06-2014	2014-18300315	PDF
31-12-2012	abbreviated format	12-06-2013	2013-17800064	PDF
31-12-2011	abbreviated format	05-06-2012	2012-15800179	PDF
31-12-2010	abbreviated format	27-06-2011	2011-21900253	PDF
31-12-2009	abbreviated format	03-06-2010	2010-15100231	PDF
31-12-2008	abbreviated format	09-06-2009	2009-20800152	PDF
31-12-2007	abbreviated format	12-06-2008	2008-23200308	PDF
31-12-2006	abbreviated format	31-05-2007	2007-17800246	PDF
31-12-2005	abbreviated format	01-06-2006	2006-18702178	PDF
31-12-2004	abbreviated format	14-07-2005	2005-48604852	PDF
31-12-2003	abbreviated format	04-06-2004	2004-20103614	PDF
31-12-2002	abbreviated format	10-06-2003	2003-21200701	PDF
31-12-2001	abbreviated format	11-06-2002	2002-19403760	PDF
31-12-2000	abbreviated format	29-05-2001	2001-15200041	PDF
31-12-1999	abbreviated format	31-05-2000	2000-17100277	PDF
31-12-1998	abbreviated format	01-06-1999	1999-13701465	PDF
31-12-1997	abbreviated format	03-06-1998	1998-13103740	PDF
31-12-1996	abbreviated format	03-06-1997	1997-11401829	PDF
31-12-1995	abbreviated format	29-05-1996	1996-10700431	PDF
31-12-1994	abbreviated format	02-06-1995	1995-11502250	PDF
31-12-1993	abbreviated format	01-06-1994	1994-11002482	PDF
31-12-1992	abbreviated format	25-05-1993	1993-08103911	PDF
31-12-1991	abbreviated format	16-06-1992	1992-11301248	PDF

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
EBITDA	43,412	34,681	36,869	41,034	36,565	47,563	23,429	41,963	-1,332	-9,210	11,368	-10,973	4,567	-17,479	36,401	520	29,675	57,706	81,896	47,443
Cash flow	-16,004	20,771	23,390	27,268	82,289	71,735	-13,768	53,530	-18,526	-28,544	-652	-19,609	-2,679	-24,173	27,470	916	31,377	72,749	74,281	52,567
Investment in fixed assets (approximation)	14,612	2,429	2,500	15,449	574	24,934	10,936	0	689	11,534	41,348	0	2,164	5,922	20,607	3,481	31,697	240,663	31,232	1,733
Change in cash	23,463	14,060	14,602	-763	30,202	-16,576	-80,394	100,415	-13,363	-11,427	-122,276	51,054	-24,360	1,915	-253,865	-17,958	244,637	52,185	-261,992	-
Working capital	348,531	391,551	383,656	372,229	368,957	295,730	255,904	-	238,833	262,924	306,047	363,182	387,551	397,432	431,179	423,172	402,982	439,826	563,545	523,868
Solvency	65.7%	67.4%	64.3%	62.4%	59.8%	54.6%	48.6%	53.3%	44.6%	49.6%	53.1%	55.0%	57.3%	57.9%	59.6%	58.4%	61.5%	56.0%	54.7%	52.7%
Current ratio	28.30	76.59	22.36	17.36	12.53	15.31	18.84	-	8.27	14.20	12.45	48.86	62.62	32.11	19.18	16.18	13.55	9.11	7.41	10.19
Debt to equity	0.04	0.02	0.06	0.07	0.10	0.08	0.07	-	0.17	0.09	0.10	0.03	0.02	0.04	0.06	0.07	0.08	0.23	0.24	0.19
ROE	-12.7%	0.0%	0.7%	2.1%	20.0%	21.2%	-16.0%	16.1%	-18.2%	-19.8%	-6.2%	-11.6%	-7.4%	-13.1%	1.8%	-6.3%	1.5%	6.8%	15.8%	13.8%
ROA	-8.4%	0.0%	0.5%	1.3%	12.0%	11.6%	-7.8%	8.6%	-8.1%	-9.8%	-3.3%	-6.4%	-4.3%	-7.6%	1.1%	-3.7%	0.9%	3.8%	8.6%	7.3%
Interest coverage	0.64	1.74	1.91	2.17	1.80	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

Item	2025	2024	2023	2022	2021
Tangible fixed assets	€14,612	€2,429	€2,500	€15,449	€574
Depreciation and write-downs of the year	€20,540	€20,771	€20,969	€20,549	€19,276

INCOS

Annual accounts 2025

Balance sheet

Change in equityin euro

Change in cashin euro

Position in the sector

Solvency65.7%

Current ratio28.30

Return on assets-8.4%

Staff

Staff cost per FTE

Joined and left

Filed annual accounts

Filings

Key figures and ratios

Investments

Insights on INCOS

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