ACTIVE

I.B.V. & Cie

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Financial year 2025 · closed on 31/12/2025

Net result

14 M €

+234.6% YoY

Revenue

259,4 M €

+27.8% YoY

Equity

154,5 M €

+9.8% YoY

Workforce

263,8 ETP

-0.4% YoY

What does I.B.V. & Cie do?

I.B.V. & Cie is a Public limited company incorporated in 1999. Its registered office is in Vielsalm. It employs on average 263,8 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0466.169.132

Incorporation

14/06/1999

Legal form

Public limited company

Registered office

Rue de la Forêt 1
6690 Vielsalm · WallonieSee on map

Contributed capital

11 220 740,00 €

Latest accounts

31/12/2025

Average workforce

263,8 ETP

Joint committees (4)

125
12502
200
218

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Revenue	259,4 M €	+27.8%	203 M €	-4.8%	213,3 M €	-12.1%	242,6 M €	+9.9%	220,8 M €	+43.7%	153,7 M €	-2.2%	157 M €	+3.2%	152,1 M €	+10.6%	137,6 M €	+21.1%	113,6 M €	-6.6%	121,7 M €	-6.7%	130,4 M €	+16.3%	112,1 M €	-8.3%	122,2 M €	+7.1%	114,1 M €	+6.0%	107,7 M €	+22.1%	88,2 M €	-6.4%	94,2 M €	+3.5%	91 M €	+111226%	81,8 k €
EBITDA	30,4 M €	+819%	3,3 M €	-77.0%	14,4 M €	-76.4%	61,1 M €	-24.6%	81 M €	+84.3%	44 M €	+17.6%	37,4 M €	+77.1%	21,1 M €	+64.1%	12,9 M €	-6.6%	13,8 M €	-9.2%	15,2 M €	-9.1%	16,7 M €	+29.6%	12,9 M €	+19.6%	10,8 M €	-42.0%	18,6 M €	-10.6%	20,8 M €	+65.8%	12,5 M €	+208%	4,1 M €	-63.4%	11,1 M €	+115725%	9,6 k €
Operating result	19,4 M €	+388%	-6,7 M €	-202%	6,6 M €	-88.1%	55,2 M €	-17.3%	66,8 M €	+120%	30,4 M €	+25.2%	24,3 M €	+191%	8,3 M €	+162%	3,2 M €	-21.1%	4 M €	-20.0%	5 M €	-32.9%	7,5 M €	+83.8%	4,1 M €	+143%	1,7 M €	-82.5%	9,6 M €	-19.1%	11,9 M €	+233%	3,6 M €	+288%	-1,9 M €	-122%	8,8 M €	+115811%	7,6 k €
Net result	14 M €	+235%	-10,4 M €	-362%	4 M €	-90.4%	41,2 M €	-16.8%	49,5 M €	+124%	22,1 M €	+7.6%	20,6 M €	+280%	5,4 M €	+2858%	183 k €	-56.8%	423,6 k €	-36.7%	668,9 k €	-79.2%	3,2 M €	+375%	678,5 k €	+120%	-3,3 M €	-195%	3,5 M €	-60.2%	8,8 M €	+332%	-3,8 M €	+54.9%	-8,4 M €	-252%	5,5 M €	+100668%	5,5 k €
Balance sheet
Equity	154,5 M €	+9.8%	140,8 M €	-7.0%	151,4 M €	+2.4%	147,9 M €	+38.0%	107,1 M €	+83.3%	58,5 M €	+56.7%	37,3 M €	+111%	17,7 M €	+33.8%	13,2 M €	-4.5%	13,9 M €	-3.3%	14,3 M €	-1.5%	14,6 M €	+34.7%	10,8 M €	+12.9%	9,6 M €	-30.2%	13,7 M €	+23.8%	11,1 M €	+270%	3 M €	-60.9%	7,6 M €	-9.6%	8,5 M €	+301861%	2,8 k €
Total assets	305,7 M €	+4.1%	293,7 M €	-4.6%	308 M €	+19.6%	257,5 M €	+31.0%	196,6 M €	+48.8%	132,1 M €	+5.9%	124,7 M €	-9.9%	138,4 M €	-1.4%	140,4 M €	-4.6%	147,3 M €	-3.3%	152,3 M €	-7.4%	164,4 M €	+3.6%	158,7 M €	+10.1%	144,2 M €	-8.0%	156,8 M €	-0.3%	157,3 M €	-4.7%	165,1 M €	-9.7%	182,7 M €	+60.5%	113,8 M €	+195591%	58,2 k €
Cash	1,6 M €	+366%	346,1 k €	-68.6%	1,1 M €	+115%	512,1 k €	+213%	163,7 k €	-97.3%	6,2 M €	+149%	2,5 M €	+36.5%	1,8 M €	+2.7%	1,8 M €	-53.9%	3,8 M €	+347%	857,2 k €	+54.1%	556,3 k €	-58.5%	1,3 M €	+320%	319,2 k €	-85.4%	2,2 M €	+19.4%	1,8 M €	+83.1%	1 M €	-32.5%	1,5 M €	+326%	348,2 k €	+138088%	252 €
Debts	149,5 M €	-2.1%	152,7 M €	-2.2%	156,1 M €	+42.9%	109,3 M €	+22.5%	89,2 M €	+21.4%	73,5 M €	-15.8%	87,3 M €	-27.6%	120,6 M €	-5.1%	127,1 M €	-4.7%	133,3 M €	-3.2%	137,7 M €	-7.9%	149,5 M €	+1.3%	147,6 M €	+9.9%	134,3 M €	-6.0%	142,8 M €	-2.1%	145,9 M €	-9.3%	160,9 M €	-7.4%	173,8 M €	+67.0%	104,1 M €	+188245%	55,3 k €
Other
Workforce	263,8 ETP	-0.4%	264,9 ETP	+0.7%	263,0 ETP	+9.9%	239,2 ETP	+2.8%	232,6 ETP	-0.6%	233,9 ETP	+2.2%	228,9 ETP	+5.3%	217,3 ETP	-3.8%	226,0 ETP	+5.8%	213,7 ETP	-5.9%	227,0 ETP	+4.8%	216,6 ETP	0.0%	216,6 ETP	+24.2%	174,4 ETP	+10.3%	158,1 ETP	+3.1%	153,3 ETP	-7.7%	166,1 ETP	+5.0%	158,2 ETP	+40.0%	113,0 ETP	+11.9%	101,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 100 M€ and 250 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 24 ended

Active mandates

Rebecca JOST

Director · since 13 janvier 2025 · until 30 juin 2028

Active

EIFEL - INVEST

Managing director · since 01 mars 2023 · until 30 juin 2028 · 0436.506.334

Represented by Joseph HAAS

Active

Ended mandates

I.B.V. & Cie

Director · since 25 octobre 2005 · until 31 décembre 2011 · 0466.169.132

Represented by Thierry BALOT

Ended

Roland JOST

Chairman of the board of directors · since 25 octobre 2005 · until 31 décembre 2011

Ended

Alain FAYMONVILLE

Director · since 27 novembre 2002 · until 30 mars 2008

Ended

Etienne de CARTIER

Director · since 02 juillet 2002 · until 30 mars 2008

Ended

At this address

Other companies at this address

Company	CBE no.
BIDI● Active	0449.667.947
J.D.A. FOREST● Active	0435.764.877
REITHO & Cie● Active	0429.441.071
Séchage de Bois des Hautes-Ardennes● Active	0427.544.326

Annual accounts

Full financial information

	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	22/06/2026	23/06/2025	21/06/2024	12/06/2023	27/06/2022	28/06/2021
General meeting	19/06/2026	20/06/2025	14/06/2024	09/06/2023	24/06/2022	25/06/2021
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

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	19/06/2026	22/06/2026	French	PDF
Full model	31/12/2024	20/06/2025	23/06/2025	French	PDF
Full model	31/12/2023	14/06/2024	21/06/2024	French	PDF
Full model	31/12/2022	09/06/2023	12/06/2023	French	PDF
Full model	31/12/2021	24/06/2022	27/06/2022	French	PDF
Full model	31/12/2020	25/06/2021	28/06/2021	French	PDF
Full model	31/12/2019	26/06/2020	29/06/2020	French	PDF
Full model	31/12/2018	28/06/2019	02/07/2019	French	PDF
Full model	31/12/2017	29/06/2018	02/07/2018	French	PDF
Full model	31/12/2016	30/06/2017	06/07/2017	French	PDF
Full model	31/12/2015	26/08/2016	29/08/2016	French	PDF
Full model	31/12/2014	26/06/2015	09/07/2015	French	PDF
Full model	31/12/2013	30/06/2014	11/07/2014	French	PDF
Full model	31/12/2012	28/06/2013	03/07/2013	French	PDF
Full model	31/12/2011	29/06/2012	12/07/2012	French	PDF
Full model	31/12/2010	14/10/2011	20/12/2011	French	PDF
Full model	31/12/2009	30/06/2010	12/07/2010	French	PDF
Full model	31/12/2008	29/06/2009	28/07/2009	French	PDF
Full model	31/12/2007	12/06/2008	03/10/2008	French	PDF
Full model	31/12/2006	23/05/2007	19/09/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 M€ and 250 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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 24 ended

Active mandates

Rebecca JOST

Director · since 13 janvier 2025 · until 30 juin 2028

Active

EIFEL - INVEST

Managing director · since 01 mars 2023 · until 30 juin 2028 · 0436.506.334

Represented by Joseph HAAS

Active

Ended mandates

I.B.V. & Cie

Director · since 25 octobre 2005 · until 31 décembre 2011 · 0466.169.132

Represented by Thierry BALOT

Ended

Roland JOST

Chairman of the board of directors · since 25 octobre 2005 · until 31 décembre 2011

Ended

Alain FAYMONVILLE

Director · since 27 novembre 2002 · until 30 mars 2008

Ended

Etienne de CARTIER

Director · since 02 juillet 2002 · until 30 mars 2008

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates15/04/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates11/07/2024
DEMISSIONS, NOMINATIONS
PDF
Registered office10/04/2024
SIEGE SOCIAL
PDF
Other31/05/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates19/04/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates05/11/2021
DEMISSIONS, NOMINATIONS
PDF
Mandates19/10/2020
DEMISSIONS, NOMINATIONS
PDF
Mandates11/10/2018
DEMISSIONS, NOMINATIONS
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 202514 M €↑
13/01/2025
nominationRebecca JOST — administrateur
2024
Annual accounts 2024-10,4 M €↓
14/06/2024
reconductionSRL 3R, Leboutte & C° — Commissaire
2023
Annual accounts 20234 M €↓
01/03/2023
reconductionAlain FAYMONVILLE — administrateur
01/03/2023
reconductionPGMBH Eifel-Invest — administrateur
01/03/2023
nominationPGMBH Eifel-Invest — administrateur-délégué
2022
Annual accounts 202241,2 M €↓
2021
Annual accounts 202149,5 M €↑
2021
Name changeIBV & Cie SA
2020
Annual accounts 202022,1 M €↑
2019
Annual accounts 201920,6 M €↑
2018
Annual accounts 20185,4 M €↑
2017
Annual accounts 2017183 k €↓
2016
Annual accounts 2016423,6 k €↓
2015
Annual accounts 2015668,9 k €↓
2014
Annual accounts 20143,2 M €↑
2013
Annual accounts 2013678,5 k €↑
2012
Annual accounts 2012-3,3 M €↓
2011
Annual accounts 20113,5 M €↓
2010
Annual accounts 20108,8 M €↑
2009
Annual accounts 2009-3,8 M €↑
2008
Annual accounts 2008-8,4 M €↓
2007
Annual accounts 20075,5 M €↑
2006
Annual accounts 20065,5 k €
2006
Name changeI.B.V. et Cie ((IBV et Cie))
14/06/1999
IncorporationPublic 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

I.B.V. & Cie

Overview

What does I.B.V. & Cie do?

Trend over 20 financial years

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