Icarus

What Icarus does

ICARUS SA is a privately held Belgian industrial supplier, founded in 1985 and headquartered in Herstal, that designs, manufactures, and delivers complete piping packages and forged valves for onshore, offshore, and subsea applications. Its core product offering covers pipes, flanges, fittings, forgings, bar, and plate in a wide range of material grades — including stainless steel, alloys, titanium, duplex and superduplex, and nickel alloys — alongside forged ball, gate, globe, and check valves with pressure ratings up to API 10000, and tailor-made products (compact subsea flanges, welded spools, barred tees, self-reinforced long welding necks, extruded manifolds) engineered to client specification. The company integrates an in-house CNC machining fleet (5 numeric mills, 7 machining centers, 2 hacksaws, capability on steel pieces above 500 kg), advanced engineering software for FEA/CFD (Samcef, Siemens NX, PTC Creo, Mastercam), and a full quality stack including FARO/Wenzel 3D metrology, NDT (X-ray, ultrasonic, helium leak, PMI, feritscope), and fire/cryogenic testing. It is multi-certified (ISO 9001, 14001, 45001, PED 2014/68/EU, UKCA, EAC/CUTR) and serves the oil & gas, chemical, petrochemical, nuclear, and mining sectors, with a stated focus on the FPSO market.

ICARUS monetizes primarily through direct enterprise field sales of bespoke hardware and custom-engineered products, delivered under quote-based, project-driven contracts with no public pricing. Its distribution model is direct, supported by regional sales offices in Port Harcourt (Nigeria) and Kobe (Japan, via ICARUS Asia Co., Ltd.) covering West Africa and Asia-Pacific respectively. The company operates as a single-source supplier with in-house project management, design, manufacturing, and quality functions, and has consolidated its valve offering around the 'SACCAP by ICARUS' sub-brand following the 2013 integration of SACCAP and COYARD. Revenue is not publicly disclosed, and its customer base is described generically as internationally renowned chemical, petrochemical, and engineering companies, with no named logos, implying a small number of large enterprise accounts.

Name

Icarus

Legal name

ICARUS SA

Website

https://icarus-be.com

Company type

Private

Founded year

1985

Operating status

Operating

Headcount range

11–50 employees

Short description

Belgian industrial supplier of complete piping packages, forged valves, and tailor-made piping components in exotic alloys for oil & gas, chemical, petrochemical, nuclear, and mining customers worldwide, including FPSO projects.

Ownership category

akta.pro rank

Product category

Industrial Piping & Valves

NAICS

Oil and Gas Field Machinery and Equipment Manufacturing (333132), Other Metal Valve and Pipe Fitting Manufacturing (332919), Fabricated Pipe and Pipe Fitting Manufacturing (332996)

SIC

Oil & Gas Field Machinery & Equipment (3533)

akta.pro primary industry

Piping, Valves & Pumps (Deck/Service Systems Components) (IMAJAIAI)

akta.pro secondary industry

Industrial/Process Piping & Mechanical Contracting (IMAFALAG)

Keywords

• Industrial valves manufacturing
• Piping packages supply
• Forged valves supplier
• Oil and gas equipment
• Flow control products

Headquarters

HQ city

Herstal

HQ country

Belgium

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Valve Sales: Manufacturer and supplier of forged valves (ball, gate, globe, check valves) for oil & gas, chemical, petrochemical and mining sectors. Short and mid-long lead times, custom made valve designs.
2. Piping Package Sales: Leading single source supplier of complete piping packages including pipes, flanges, fittings, forgings, bar, plate in wide range of material grades (alloys, titanium, duplex & superduplex, nickel alloys).
3. Tailor-Made Products: Custom design and manufacture of products according to client specifications including compact flanges for subsea use, welded spools, barred tees, self reinforced long welding necks, extruded manifolds.
4. Project Management Services: Professional management of large-scale projects with proven project management system.
5. Space Robotics: Development of autonomous robots for space operations capable of learning from humans to perform routine tasks in space.

Go-to-market motion2 records

Distribution channels1 record

Marketing channels2 records

Core offering

ICARUS SA is a single source supplier of complete piping packages and a manufacturer of forged valves (ball, gate, globe, check) and tailor-made products for onshore, offshore, and subsea applications. The company supplies pipes, flanges, fittings, forgings, bar, and plate in a wide range of material grades including alloys, titanium, duplex and superduplex, and nickel alloys. It serves the oil and gas, chemical, petrochemical, nuclear, and mining sectors worldwide with short and mid-length lead times.

Product overview

ICARUS SA is a leading single source supplier of complete piping packages and manufacturer of valves and tailor-made products for onshore, offshore, and subsea applications. The company's core product portfolio includes Complete Piping Packages (pipes, flanges, fittings, forgings, bar, plate in various material grades) and Valves (ball, gate, globe, check valves under the ICARUS and SACCAP by ICARUS brands). Supporting these are engineering services including Project Management, Design Service, Manufacturing, and Quality Service. The company also offers Tailor-Made Products customized to client specifications and a Full Piping Package as a single source solution. With over 40 years of experience, ICARUS serves chemical, petrochemical, oil & gas, nuclear, and mining industries worldwide.

Differentiator

Problem solved

Functional benefit

Brands

• SACCAP by ICARUS: Full range of forged valve products designed according to original SACCAP plans and standards, now manufactured and distributed by ICARUS.

Products and services

• Complete Piping Packages

Quantifiable outcome

• 40+ years operating internationally with renowned chemical, petrochemical and engineering companies
• +2 more outcomes

Named customers6 records

Segments5 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Four partnerships are on record, tiered core and minor.

• COYARDcoreStrategic or Co-development Partner · 1 January 2013COYARD companies joined forces with ICARUS in 2013, forming a new group to become a major actor on their markets.
• Vector InternationalminorStrategic or Co-development Partner · 1 January 2007Merger between Icarus SA and Vector International in 2007, both companies became part of the VECTOR Group. From July 2010, VECTOR products and ICARUS piping and valves operated again as separate entities.
• SACCAPcoreOEM/ Whitelabel/ Licensing PartnerSACCAP brand is now manufactured and distributed by ICARUS under the label 'SACCAP by ICARUS'. The full range of SACCAP products and solutions are designed according to their original plans and standards.
• NASAcoreStrategic or Co-development PartnerIrish-founded space robotics company Icarus collaborates with NASA and commercial space stations to create robots capable of learning from humans to perform routine tasks in space.

Scale indicators2 records

Recent moves8 records

Expansion highlights4 records

Direct peers

• Velan Inc. Velan is a leading global manufacturer of industrial forged valves (ball, gate, globe, check) serving oil & gas, chemical, petrochemical, and power generation. Directly comparable to ICARUS in product portfolio, target customers, and specialization in exotic alloys and high-pressure applications.
• Bonney Forge Corporation: Bonney Forge manufactures forged steel valves, fittings, and piping products for oil & gas, petrochemical, and power industries. Comparable to ICARUS as a forged valve specialist serving similar enterprise customers with similar high-pressure specifications.
• Neway Valve: Neway Valve is a major Chinese manufacturer of industrial valves (ball, gate, globe, check) for oil & gas, chemical, power, and marine industries. Direct peer to ICARUS as a forged valve producer serving similar global end markets, with significantly greater scale.
• Tubacex: Tubacex is a Spanish manufacturer of seamless stainless steel and high-alloy tubes serving oil & gas, power, and chemical industries. Comparable to ICARUS in focus on specialty alloys (stainless, duplex, nickel alloys) and similar customer base in energy and process industries, though Tubacex is significantly larger.

Broad incumbents

• Flowserve Corporation: Flowserve is a global leader in pumps, valves, seals, and flow control automation serving oil & gas, chemical, power, and water. Larger incumbent competing with ICARUS in valves and engineered flow products, though with a much broader portfolio that includes pumps and rotating equipment.
• Crane Co. Crane Co. operates a diversified industrial portfolio including engineered materials, fluid handling, and aerospace. Its fluid handling segment produces valves and fittings for chemical, petrochemical, and general industrial markets, overlapping with ICARUS's offerings at a much larger scale.
• KSB Group: KSB is a German manufacturer of pumps, valves, and related systems serving water, energy, mining, and industrial process applications. Overlaps with ICARUS in industrial valves and serves similar upstream and process industries at significantly larger scale and broader geographic footprint.
• Vallourec: Vallourec is a global leader in premium seamless steel pipe solutions for oil & gas, power generation, and mechanical engineering applications. Comparable to ICARUS's piping package offering, particularly for oil & gas markets, but at a vastly larger scale and with a broader product portfolio.
• Tenaris: Tenaris is a leading global manufacturer and supplier of steel pipes and related services for the energy industry (oil & gas, power generation). Comparable to ICARUS's piping supply business, particularly for OCTG and line pipe applications in upstream oil & gas, at much larger scale.
• TechnipFMC: TechnipFMC is a global leader in subsea, surface, and offshore project delivery for oil & gas. While primarily an EPC contractor rather than a manufacturer, it integrates subsea equipment and piping packages that overlap with ICARUS's FPSO and subsea offerings.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries3 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Icarus