ACTIVE

IVAR GROUP

Financial year 2025 · Closed on 31/12/2025

Net result1,5 M €-1,5 %over 1 year

Revenue956,5 k €-3,8 %over 1 year

Equity2,8 M €+16,1 %over 1 year

Identity

Source · BCE/KBO

IVAR GROUP is a Public limited company incorporated in 1948. Its main activity is: Wholesale of hardware, plumbing and heating equipment and supplies. Its registered office is in Aartselaar.

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0404.933.032
Incorporation: 14/10/1948
Legal form: Public limited company
Registered office: Kontichsesteenweg 53
2630 Aartselaar · FlandreSee on map
Contributed capital: 200 000,00 €
Latest accounts: 31/12/2025

Activities (NACE)

46741Wholesale of hardware, plumbing and heating equipment and supplies· main 46841Wholesale trade, except of motor vehicles and motorcycles 51541Air transport

Joint committees (3)

Signals

ProfitableSolid equityLow riskPositive cashflowPositive EBITDA

Financials

Source · NBB, 21 filings

Trend over 20 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	956,5 k €	-3.8%	993,9 k €	-17.2%	1,2 M €	-15.2%	1,4 M €	+10.5%	1,3 M €
EBITDA	177,1 k €	-1.4%	179,6 k €	+81.2%	99,1 k €	-75.5%	404,9 k €	+13.2%	357,7 k €
Operating result	176,1 k €	-4.0%	183,4 k €	+79.6%	102,1 k €	-75.3%	412,9 k €	+12.2%	368,1 k €
Net result	1,5 M €	-1.5%	1,5 M €	-51.7%	3,1 M €	+28.0%	2,4 M €	-56.7%	5,6 M €
Balance sheet
Equity	2,8 M €	+16.1%	2,4 M €	+0.1%	2,4 M €	-7.2%	2,6 M €	+54.9%	1,7 M €
Total assets	4 M €	-3.4%	4,2 M €	-2.2%	4,3 M €	-18.5%	5,2 M €	-13.3%	6 M €
Cash	390,5 k €	+66.0%	235,3 k €	+31.4%	179 k €	+543%	27,8 k €	-98.7%	2,1 M €
Debts	1,2 M €	-30.9%	1,7 M €	-5.3%	1,8 M €	-29.8%	2,6 M €	-39.8%	4,4 M €
Other
Workforce	–		–		1,0 ETP	0.0%	1,0 ETP	-16.7%	1,2 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

4 active · 5 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
B.H. SRL BORepresented by Stefano Bertolotti	Director16/10/2024 → 12/06/2030
IVAR SpA BORepresented by Paolo Bertolotti	Director16/10/2024 → 12/06/2030
Jerry De Weerdt	Director06/02/2003 → 12/06/2030
Luc Van Onckelen	Managing director06/02/2003 → 12/06/2030

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
PAOLO BERTOLLOTI	Director02/01/2019 → 2019 accounts
Paolo Bertolotti	Director02/01/2019 → 2023 accounts
STEFANO BERTOLLOTI	Chairman of the board of directors02/01/2019 → 2019 accounts
Stefano Bertolotti	Chairman of the board of directors02/01/2019 → 2020 accounts

Other companies at this address

Kontichsesteenweg 53 2630 Aartselaar

Company	CBE no.
BEGETUBE● Active	0420.097.201
LUVON● Active	0884.677.315

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	24/06/2026	01/07/2025	18/06/2024	23/06/2023	29/06/2022	25/06/2021
General meeting	11/06/2026	12/06/2025	13/06/2024	08/06/2023	09/06/2022	10/06/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 21 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	11/06/2026	24/06/2026	Dutch	PDF
Full model	31/12/2024	12/06/2025	01/07/2025	Dutch	PDF
Full model	31/12/2023	13/06/2024	18/06/2024	Dutch	PDF
Full model	31/12/2022	08/06/2023	23/06/2023	Dutch	PDF
Full model	31/12/2021	09/06/2022	29/06/2022	Dutch	PDF
Full model	31/12/2020	10/06/2021	25/06/2021	Dutch	PDF
Full model	31/12/2019	11/06/2020	02/07/2020	Dutch	PDF
Full model	31/12/2018	13/06/2019	20/06/2019	Dutch	PDF
Full model	31/12/2017	14/06/2018	20/06/2018	Dutch	PDF
Full model	31/12/2016	08/06/2017	27/06/2017	Dutch	PDF
Full model	31/12/2015	09/06/2016	14/06/2016	Dutch	PDF
Full model	31/12/2014	11/06/2015	29/06/2015	Dutch	PDF
Full model	31/12/2013	12/06/2014	22/07/2014	Dutch	PDF
Full model	31/12/2012	13/06/2013	13/06/2013	Dutch	PDF
Full model	31/12/2011	14/06/2012	24/07/2012	Dutch	PDF
Full modelCorrection	31/12/2010	09/06/2011	06/09/2011	Dutch	PDF
Full model	31/12/2010	09/06/2011	24/06/2011	Dutch	PDF
Abridged model	31/12/2009	09/06/2010	23/06/2010	Dutch	PDF
Abridged model	31/12/2008	10/06/2009	19/06/2009	Dutch	PDF
Abridged model	31/12/2007	12/06/2008	26/06/2008	Dutch	PDF
Abridged model	31/12/2006	08/06/2007	18/06/2007	Dutch	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Board of directors

Source · NBB, accounts to 31/12/2025

4 active · 5 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
B.H. SRL BORepresented by Stefano Bertolotti	Director16/10/2024 → 12/06/2030
IVAR SpA BORepresented by Paolo Bertolotti	Director16/10/2024 → 12/06/2030
Jerry De Weerdt	Director06/02/2003 → 12/06/2030
Luc Van Onckelen	Managing director06/02/2003 → 12/06/2030

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
PAOLO BERTOLLOTI	Director02/01/2019 → 2019 accounts
Paolo Bertolotti	Director02/01/2019 → 2023 accounts
STEFANO BERTOLLOTI	Chairman of the board of directors02/01/2019 → 2019 accounts
Stefano Bertolotti	Chairman of the board of directors02/01/2019 → 2020 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates23/09/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates09/12/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates27/10/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates30/08/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates26/03/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates28/06/2016
ONTSLAGEN - BENOEMINGEN
PDF
Mandates24/06/2014
ONTSLAGEN - BENOEMINGEN
PDF
Mandates30/05/2014
ONTSLAGEN - BENOEMINGEN
PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation1948

Name

Registered office

Annual accounts

Filings20 filings

Mandates

B.H. SRL BO

IVAR SpA BO

Jerry De Weerdt

Luc Van Onckelen

Stefano Bertolotti

PAOLO BERTOLLOTI

Paolo Bertolotti

STEFANO BERTOLLOTI

UMBERTO BERTOLOTTI

19661967196819691970197119721973197419751976197719781979198019811982198319841985198619871988198919901991199219931994199519961997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024202520262027202820292030

IVAR GROUP

Kontichsesteenweg 53, 2630 Aartselaar

Director

Managing director

Chairman of the board of directorsDirector

Director

Managing director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Kontichsesteenweg 53, 2630 AartselaarCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00191344

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
IVAR GROUPCurrent	accounts 2006 → 2025	Accounts 2025 · 2026-00191344

Events

2025
Annual accounts 20251,5 M €↓
2024
Annual accounts 20241,5 M €↓
2023
Annual accounts 20233,1 M €↑
2022
Annual accounts 20222,4 M €↓
2021
Annual accounts 20215,6 M €↑
2020
Annual accounts 2020797,1 k €↓
2019
Annual accounts 20192,7 M €↑
2018
Annual accounts 20181,2 M €↓
2017
Annual accounts 20171,5 M €↓
2016
Annual accounts 20162,8 M €↑
2015
Annual accounts 20151,6 M €↑
2014
Annual accounts 20141,4 M €↓
2013
Annual accounts 20131,7 M €↓
2012
Annual accounts 20121,9 M €↓
2011
Annual accounts 20111,9 M €↓
2010
Annual accounts 20102,1 M €↑
2009
Annual accounts 20091,9 M €↓
2008
Annual accounts 20081,9 M €↑
2007
Annual accounts 20071,8 M €↑
2006
Annual accounts 20061,5 M €
14/10/1948
IncorporationPublic limited company

IVAR GROUP

Overview

Identity

Financials

Valuation

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline

Timeline

Registered offices

Company names

Events