ACTIVE

IPVA

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Financial year 2025 · closed on 31/12/2025

Net result

12,9 k €

+1521.6% YoY

Gross margin

62,1 k €

+33.0% YoY

Equity

132,6 k €

-2.9% YoY

What does IPVA do?

IPVA is a Private limited company incorporated in 1999. Its main activity is: Growing of rice. Its registered office is in Lochristi.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0465.621.576

Incorporation

10/03/1999

Legal form

Private limited company

Registered office

Brandstraat 50A
9080 Lochristi · FlandreSee on map

Contributed capital

20 000,00 €

Latest accounts

31/12/2025

Activities (NACE)

01122Growing of rice· main 01191Growing of other non-perennial crops 01191Growing of other non-perennial crops

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	62,1 k €	+33.0%	46,7 k €	-27.7%	64,7 k €	+27.7%	50,6 k €	-7.5%	54,7 k €	-4.5%	57,3 k €	+22.2%	46,9 k €	-22.4%	60,4 k €	-21.3%	76,8 k €	-10.3%	85,5 k €	-2.7%	87,9 k €	+1.0%	87,0 k €	-9.1%	95,7 k €	+7.5%	89,0 k €	-8.0%	96,8 k €	-12.4%	110,5 k €	+9.6%	100,8 k €	+2.5%	98,4 k €	-9.4%	108,6 k €	-0.1%	108,8 k €
EBITDA	47,4 k €	+35.6%	34,9 k €	-28.6%	49,0 k €	+24.8%	39,2 k €	-8.7%	43,0 k €	-11.8%	48,7 k €	+28.5%	37,9 k €	-6.6%	40,6 k €	-17.6%	49,2 k €	-15.5%	58,3 k €	-4.2%	60,8 k €	-1.1%	61,4 k €	-8.1%	66,8 k €	+8.4%	61,6 k €	-11.5%	69,7 k €	-20.2%	87,3 k €	+8.1%	80,8 k €	-1.6%	82,1 k €	-4.9%	86,3 k €	-4.7%	90,5 k €
Operating result	26,1 k €	+158%	10,1 k €	-58.9%	24,7 k €	-9.5%	27,3 k €	-14.0%	31,7 k €	-21.9%	40,6 k €	+44.0%	28,2 k €	-23.2%	36,7 k €	-13.6%	42,4 k €	+12.0%	37,9 k €	+2.1%	37,1 k €	+5.8%	35,1 k €	+13.0%	31,0 k €	-8.8%	34,0 k €	-10.0%	37,8 k €	+10.4%	34,3 k €	+30.9%	26,2 k €	-20.9%	33,1 k €	-7.2%	35,7 k €	+4.2%	34,2 k €
Net result	12,9 k €	+1522%	798,3 €	-93.0%	11,4 k €	-33.7%	17,2 k €	+24.6%	13,8 k €	-45.6%	25,4 k €	+49.7%	17,0 k €	-14.9%	19,9 k €	-2.3%	20,4 k €	+2.9%	19,8 k €	+17.8%	16,8 k €	-25.7%	22,6 k €	+21.8%	18,6 k €	-17.8%	22,6 k €	-11.6%	25,6 k €	+7.6%	23,8 k €	+40.0%	17,0 k €	-13.0%	19,5 k €	+8.0%	18,1 k €	+0.3%	18,0 k €
Balance sheet
Equity	132,6 k €	-2.9%	136,6 k €	-12.3%	155,7 k €	-5.5%	164,7 k €	-1.6%	167,3 k €	-20.9%	211,6 k €	+2.1%	207,3 k €	+8.2%	191,5 k €	-30.0%	273,8 k €	+8.0%	253,4 k €	+8.3%	234,1 k €	+7.5%	217,7 k €	+11.3%	195,6 k €	+2.6%	190,6 k €	+12.8%	169,0 k €	+17.0%	144,4 k €	-15.9%	171,7 k €	+10.2%	155,7 k €	+13.5%	137,2 k €	+14.2%	120,2 k €
Total assets	259,8 k €	-15.6%	307,8 k €	-9.0%	338,0 k €	+3.8%	325,6 k €	+3.8%	313,7 k €	-5.8%	333,2 k €	+0.2%	332,6 k €	-5.4%	351,7 k €	-14.1%	409,2 k €	-4.1%	426,9 k €	+1.6%	420,2 k €	+1.7%	413,4 k €	-1.5%	419,8 k €	-3.0%	432,7 k €	+9.5%	395,2 k €	-10.9%	443,4 k €	-6.0%	471,6 k €	-3.7%	489,8 k €	-10.1%	544,6 k €	+5.6%	515,7 k €
Cash	48,7 k €	-61.1%	125,2 k €	-3.8%	130,1 k €	-10.8%	145,9 k €	-10.0%	162,2 k €	-14.5%	189,7 k €	+2.8%	184,6 k €	-16.8%	221,7 k €	-11.8%	251,3 k €	+3.6%	242,7 k €	+6.4%	228,0 k €	+24.9%	182,6 k €	+10.9%	164,6 k €	+8.9%	151,2 k €	+24.0%	121,9 k €	-21.4%	155,1 k €	+21.5%	127,6 k €	+52.2%	83,9 k €	-0.1%	84,0 k €	-20.5%	105,7 k €
Debts	124,7 k €	-26.1%	168,7 k €	-6.2%	179,8 k €	+13.5%	158,3 k €	+10.1%	143,9 k €	+20.8%	119,1 k €	-3.0%	122,8 k €	-22.1%	157,6 k €	+18.6%	132,9 k €	-21.8%	170,0 k €	-6.6%	181,9 k €	-4.6%	190,7 k €	-12.8%	218,6 k €	-7.2%	235,6 k €	+7.8%	218,6 k €	-24.7%	290,3 k €	+0.0%	290,2 k €	-10.2%	323,3 k €	-18.2%	395,4 k €	+3.2%	383,1 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		0,8 ETP	+14.3%	0,7 ETP	0.0%	0,7 ETP	+40.0%	0,5 ETP	-16.7%	0,6 ETP	-14.3%	0,7 ETP	+250%	0,2 ETP	0.0%	0,2 ETP	-84.6%	1,3 ETP	+225%	0,4 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 5 ended

Active mandates

Ann Verstruyft

Director

Active

Patrick Impens

Director

Active

Ended mandates

Patrick Impens

Manager · since 01 juillet 2013

Ended

Ann Verstruyt

Manager

Ended

Ann Verstuyft

Director

Ended

Ann Verstuyft

Manager

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/04/2020
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	9 months
Filing date	31/08/2026	29/08/2025	29/08/2024	31/08/2023	31/08/2022	30/08/2021
General meeting	22/08/2026	23/08/2025	17/08/2024	29/08/2023	20/08/2022	16/08/2021
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

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	22/08/2026	31/08/2026	Dutch	PDF
Micro model	31/12/2024	23/08/2025	29/08/2025	Dutch	PDF
Micro model	31/12/2023	17/08/2024	29/08/2024	Dutch	PDF
Micro model	31/12/2022	29/08/2023	31/08/2023	Dutch	PDF
Micro model	31/12/2021	20/08/2022	31/08/2022	Dutch	PDF
Micro model	31/12/2020	16/08/2021	30/08/2021	Dutch	PDF
Micro model	31/03/2020	07/11/2020	09/11/2020	Dutch	PDF
Micro model	31/03/2019	21/09/2019	01/10/2019	Dutch	PDF
Micro model	31/03/2018	15/09/2018	05/10/2018	Dutch	PDF
Micro model	31/03/2017	23/09/2017	03/10/2017	Dutch	PDF
Abridged model	31/03/2016	17/09/2016	28/09/2016	Dutch	PDF
Abridged model	31/03/2015	19/09/2015	30/09/2015	Dutch	PDF
Abridged model	31/03/2014	20/09/2014	06/10/2014	Dutch	PDF
Abridged model	31/03/2013	28/10/2013	31/10/2013	Dutch	PDF
Abridged model	31/03/2012	27/11/2012	30/11/2012	Dutch	PDF
Abridged model	31/03/2011	28/11/2011	30/11/2011	Dutch	PDF
Abridged model	31/03/2010	18/09/2010	24/10/2010	Dutch	PDF
Abridged model	31/03/2009	15/10/2009	30/10/2009	Dutch	PDF
Abridged model	31/03/2008	20/09/2008	25/09/2008	Dutch	PDF
Abridged model	31/03/2007	15/09/2007	21/09/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 k€

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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 5 ended

Active mandates

Ann Verstruyft

Director

Active

Patrick Impens

Director

Active

Ended mandates

Patrick Impens

Manager · since 01 juillet 2013

Ended

Ann Verstruyt

Manager

Ended

Ann Verstuyft

Director

Ended

Ann Verstuyft

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates24/12/2020
WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - BOEKJAAR
PDF
Capital / shares03/05/2018
KAPITAAL - AANDELEN
PDF
Capital / shares14/04/2014
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates26/06/2013
ONTSLAGEN - BENOEMINGEN
PDF

Source: Belgian Official Gazette

Competition

Similar companies

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

See the Business plan

2025
Annual accounts 202512,9 k €↑
2024
Annual accounts 2024798,3 €↓
2023
Annual accounts 202311,4 k €↓
2022
Annual accounts 202217,2 k €↑
2021
Annual accounts 202113,8 k €↓
2020
Annual accounts 202025,4 k €↑
2020
Annual accounts 202017,0 k €↓
2019
Annual accounts 201919,9 k €↓
2018
Annual accounts 201820,4 k €↑
2017
Annual accounts 201719,8 k €↑
2016
Annual accounts 201616,8 k €↓
2015
Annual accounts 201522,6 k €↑
2014
Annual accounts 201418,6 k €↓
2013
Annual accounts 201322,6 k €↓
2012
Annual accounts 201225,6 k €↑
2011
Annual accounts 201123,8 k €↑
2010
Annual accounts 201017,0 k €↓
2009
Annual accounts 200919,5 k €↑
2008
Annual accounts 200818,1 k €↑
2007
Annual accounts 200718,0 k €
10/03/1999
IncorporationPrivate limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

IPVA

Overview

What does IPVA do?

Trend over 20 financial years

Indicative valuation

Board of directors

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