ACTIVE

INTERNATIONAL ORE ET FERTILIZER BELGIUM

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Financial year 2025 · Closed on 31/12/2025

Net result7,2 M €+12,8 %over 1 year
Revenue303,1 M €+44,2 %over 1 year
Equity31,7 M €+18,1 %over 1 year
Workforce5,7 ETP-3,4 %over 1 year

Identity

Source · BCE/KBO

INTERNATIONAL ORE ET FERTILIZER BELGIUM is a Public limited company incorporated in 1978. Its registered office is in Wavre. It employs on average 5,7 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0418.317.448
Incorporation
23/05/1978
Legal form
Public limited company
Registered office
Chaussée de Huy 120 box E
1300 Wavre · WallonieSee on map
Contributed capital
250 000,00 €
Latest accounts
31/12/2025
Average workforce
5,7 ETP
Joint committees (3)
  • 116
  • 207
  • 2070
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHigh revenue

Financials

Source · NBB, 20 filings

Trend over 20 financial years

20252024202320222021
Income statement
Revenue303,1 M €210,1 M €288,9 M €436,6 M €179,3 M €
EBITDA9,3 M €7,9 M €18,4 M €20,3 M €5,8 M €
Operating result9,3 M €7,8 M €18,2 M €20,2 M €6,2 M €
Net result7,2 M €6,4 M €15,9 M €17,4 M €5,7 M €
Balance sheet
Equity31,7 M €26,8 M €28,6 M €19,3 M €20,2 M €
Total assets77,6 M €54,2 M €53,3 M €103,2 M €48 M €
Cash7,7 M €10 M €10,3 M €578,6 k €7,3 M €
Debts45,9 M €26,6 M €24,6 M €81,5 M €27,8 M €
Other
Workforce5,7 ETP5,9 ETP5,0 ETP5,1 ETP5,3 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 50 M€ and 100 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 28 ended

Active mandates

Peter Hreshdakian

Director · since 30 juin 2025 · until 17 janvier 2025

Active
Margaux Samain

Director · since 17 janvier 2025 · until 13 juin 2031

Active
Altitude 150

Director · since 19 juin 2023 · until 16 juin 2029 · 0826.910.746

Represented by Hubert Samain

Active

Ended mandates

Margaux Samain

Director · since 17 janvier 2025 · until 17 janvier 2031

Ended
Peter Hrechdakian

Director · since 11 juin 2021 · until 11 juin 2027

Ended
Altitude 150

Director · since 03 juillet 2017 · until 16 juin 2023 · 0826.910.746

Represented by Samain HUBERT

Ended
Altitude 150

Managing director · since 03 juillet 2017 · until 03 juillet 2023 · 0826.910.746

Represented by Hubert Samain

Ended

Other companies at this address

Chaussée de Huy 120 1300 Wavre
CompanyCBE no.
Association des Copropriétaires de la Résidence Ferme des Quatre Sapins à Wavre chée de Huy 120● Active
0890.127.923
BALI WIND● Active
0869.875.412
Boreas Wind Offshore● Active
0661.904.541
Bureau d'architecture J.P. GALLET● Active
0883.253.393
C.I.S. Trading● Active
0465.015.723
CORDONA WIND● Active
0888.975.306
ENECO WIND BELGIUM● Active
0475.012.760
ENECO WIND BELGIUM HOLDING● Active
0896.709.273
HEGOA WIND● Active
0809.473.314
LES VENTS DE L'ORNOI● Active
0480.079.823
LES VENTS DE PERWEZ● Active
0866.959.175
Sirocco Wind● Active
0891.140.879
SOLANO WIND● Active
0837.120.886

Full financial information

Source · NBB
202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date03/07/202604/07/202508/07/202410/07/202320/06/202217/06/2021
General meeting26/06/202630/06/202528/06/202416/06/202310/06/202211/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings
ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202526/06/202603/07/2026FrenchPDF
Full model31/12/202430/06/202504/07/2025FrenchPDF
Full model31/12/202328/06/202408/07/2024FrenchPDF
Full model31/12/202216/06/202310/07/2023FrenchPDF
Full model31/12/202110/06/202220/06/2022FrenchPDF
Full model31/12/202011/06/202117/06/2021FrenchPDF
Full model31/12/201912/06/202015/06/2020FrenchPDF
Full model31/12/201814/06/201928/06/2019FrenchPDF
Full model31/12/201708/06/201814/06/2018FrenchPDF
Full model31/12/201609/06/201720/06/2017FrenchPDF
Full model31/12/201510/06/201617/06/2016FrenchPDF
Full model31/12/201412/06/201503/07/2015FrenchPDF
Full model31/12/201318/06/201410/07/2014FrenchPDF
Full model31/12/201214/06/201318/06/2013FrenchPDF
Full model31/12/201112/06/201220/06/2012FrenchPDF
Full model31/12/201010/06/201128/06/2011FrenchPDF
Full model31/12/200911/06/201001/07/2010FrenchPDF
Full model31/12/200830/06/200906/07/2009FrenchPDF
Full model31/12/200713/06/200802/07/2008FrenchPDF
Full model31/12/200608/06/200726/06/2007FrenchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 50 M€ and 100 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

3 active · 28 ended

Active mandates

Peter Hreshdakian

Director · since 30 juin 2025 · until 17 janvier 2025

Active
Margaux Samain

Director · since 17 janvier 2025 · until 13 juin 2031

Active
Altitude 150

Director · since 19 juin 2023 · until 16 juin 2029 · 0826.910.746

Represented by Hubert Samain

Active

Ended mandates

Margaux Samain

Director · since 17 janvier 2025 · until 17 janvier 2031

Ended
Peter Hrechdakian

Director · since 11 juin 2021 · until 11 juin 2027

Ended
Altitude 150

Director · since 03 juillet 2017 · until 16 juin 2023 · 0826.910.746

Represented by Samain HUBERT

Ended
Altitude 150

Managing director · since 03 juillet 2017 · until 03 juillet 2023 · 0826.910.746

Represented by Hubert Samain

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • 31/08/2026
    —
    PDF
  • Mandates10/02/2026
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates10/03/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Other19/01/2024
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …)
    PDF
  • Mandates14/07/2023
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates04/07/2023
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates12/07/2021
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates22/07/2019
    DEMISSIONS, NOMINATIONS
    PDF

Similar companies

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

See the Business plan

Timeline

  1. 2025
    Annual accounts 20257,2 M €↑
  2. 13/06/2025
    nominationSRL RSM InterAudit — commissaire
  3. 17/01/2025
    nominationMargaux Samain — administrateur
  4. 2024
    Annual accounts 20246,4 M €↓
  5. 2023
    Annual accounts 202315,9 M €↓
  6. 19/06/2023
    nominationSRL Altitude 150 — administrateur-délégué
  7. 16/06/2023
    nominationSRL Altitude 150 — administrateur
  8. 2022
    Annual accounts 202217,4 M €↑
  9. 10/06/2022
    nominationSRL RSM InterAudit — commissaire
  10. 10/06/2022
    nominationLaurent Van der Linden — représentant permanent de la SRL RSM InterAudit
  11. 2021
    Annual accounts 20215,7 M €↑
  12. 2021
    Name changeInterore
  13. 2020
    Annual accounts 20203,5 M €↑
  14. 2019
    Annual accounts 20193,3 M €↓
  15. 2018
    Annual accounts 20185,3 M €↑
  16. 2017
    Annual accounts 20173,3 M €↑
  17. 2016
    Annual accounts 20163,3 M €↑
  18. 2015
    Annual accounts 20152,4 M €↑
  19. 2014
    Annual accounts 20141,9 M €↑
  20. 2013
    Annual accounts 20131,6 M €↓
  21. 2012
    Annual accounts 20121,9 M €↑
  22. 2011
    Annual accounts 20111,9 M €↑
  23. 2010
    Annual accounts 20101,7 M €↓
  24. 2009
    Annual accounts 20092 M €↓
  25. 2008
    Annual accounts 20084,4 M €↑
  26. 2007
    Annual accounts 20071,8 M €↑
  27. 2006
    Annual accounts 2006435,4 k €
  28. 2006
    Name changeINTERNATIONAL ORE ET FERTILIZER BELGIUM
  29. 23/05/1978
    IncorporationPublic limited company