ACTIVE

IVEB

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Financial year 2025 · closed on 30/11/2025

Net result

139,2 k €

+296.1% YoY

Gross margin

371,2 k €

+182.7% YoY

Equity

1,1 M €

+14.3% YoY

Workforce

0,0 ETP

What does IVEB do?

IVEB is a Public limited company incorporated in 2001. Its main activity is: Sewerage. Its registered office is in Wuustwezel.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0476.410.550

Incorporation

21/12/2001

Legal form

Public limited company

Registered office

Kruisweg 35
2990 Wuustwezel · FlandreSee on map

Contributed capital

465 000,00 €

Latest accounts

30/11/2025

Average workforce

0,0 ETP

Activities (NACE)

37200Sewerage· main 38210Treatment and disposal of non-hazardous waste 38323Recovery of sorted materials

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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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
Gross margin	371,2 k €	+183%	131,3 k €	-80.0%	656,3 k €	+20.0%	547,1 k €	+25.1%	437,3 k €	-14.8%	513,2 k €	+14.6%	447,9 k €	+240%	131,8 k €	-64.8%	374,3 k €	+24.8%	299,9 k €	+6.8%	280,8 k €	+3.4%	271,4 k €	-11.5%	306,7 k €	-28.5%	429,2 k €	+0.6%	426,7 k €	+31.9%	323,5 k €	-55.0%	719,5 k €	-18.7%	884,6 k €	-14.2%	1 M €	+27.7%	807,1 k €
EBITDA	346 k €	+209%	112 k €	-82.4%	638,1 k €	+21.1%	526,8 k €	+26.6%	416,2 k €	-13.2%	479,5 k €	+12.6%	425,8 k €	+263%	117,3 k €	-67.5%	361,4 k €	+25.9%	287,1 k €	+6.7%	269,2 k €	+3.9%	259,2 k €	-11.8%	293,9 k €	-49.4%	580,8 k €	+38.8%	418,4 k €	+0.1%	418 k €	-36.3%	656,2 k €	-14.9%	771 k €	-14.7%	904,2 k €	+12.5%	803,8 k €
Operating result	166,2 k €	+506%	-41 k €	-109%	474,1 k €	+23.0%	385,4 k €	+128%	169 k €	-15.1%	199,1 k €	+34.4%	148,1 k €	+185%	-174,1 k €	-361%	66,7 k €	+3300%	-2,1 k €	-48.9%	-1,4 k €	+98.9%	-126 k €	-0.2%	-125,8 k €	-205%	120 k €	+178%	-153,7 k €	-31.9%	-116,5 k €	-220%	97 k €	-39.2%	159,3 k €	-32.8%	237,2 k €	-26.7%	323,5 k €
Net result	139,2 k €	+296%	-71 k €	-118%	398,7 k €	+13.5%	351,2 k €	+169%	130,5 k €	-15.3%	154 k €	+51.8%	101,4 k €	+145%	-223,9 k €	-2493%	9,4 k €	+115%	-62,1 k €	+7.4%	-67 k €	+64.0%	-186,3 k €	+5.7%	-197,5 k €	-533%	45,6 k €	+127%	-171,9 k €	-15.0%	-149,4 k €	-308%	71,8 k €	+14.4%	62,8 k €	-23.5%	82,1 k €	-55.6%	185,1 k €
Balance sheet
Equity	1,1 M €	+14.3%	974,3 k €	-6.8%	1 M €	+61.7%	646,6 k €	+119%	295,4 k €	+79.1%	164,9 k €	+1411%	10,9 k €	+112%	-90,5 k €	-168%	133,4 k €	+7.5%	124 k €	-33.4%	186,1 k €	-26.6%	253,4 k €	-44.1%	453 k €	-31.8%	663,8 k €	+4.5%	635,1 k €	-23.2%	826,8 k €	-17.0%	996,2 k €	+5.4%	945,1 k €	+4.3%	906,5 k €	+6.2%	853,4 k €
Total assets	2,6 M €	+7.3%	2,4 M €	-11.6%	2,8 M €	+9.6%	2,5 M €	+9.7%	2,3 M €	-2.7%	2,4 M €	+0.8%	2,3 M €	-5.7%	2,5 M €	-10.3%	2,8 M €	-7.0%	3 M €	-7.9%	3,2 M €	-7.2%	3,5 M €	-10.7%	3,9 M €	-15.1%	4,6 M €	+1.4%	4,5 M €	+50.4%	3 M €	-16.0%	3,6 M €	-12.2%	4,1 M €	-7.1%	4,4 M €	+5.5%	4,2 M €
Cash	235,5 k €	+159%	91 k €	-86.1%	654,6 k €	+10.8%	590,7 k €	-9.5%	653 k €	+34.7%	484,7 k €	+128%	212,7 k €	+38.5%	153,6 k €	-14.3%	179,3 k €	-3.5%	185,9 k €	-40.3%	311,1 k €	+110%	148,4 k €	-34.5%	226,6 k €	-56.7%	524 k €	+60.3%	326,9 k €	-30.1%	467,9 k €	+10.7%	422,9 k €	+126%	186,9 k €	+154%	73,7 k €	-28.5%	103,1 k €
Debts	1,5 M €	+2.8%	1,4 M €	-14.8%	1,7 M €	-8.6%	1,8 M €	-6.5%	2 M €	-8.9%	2,2 M €	-6.1%	2,3 M €	-9.3%	2,5 M €	-2.7%	2,6 M €	-7.7%	2,8 M €	-6.4%	3 M €	-5.7%	3,2 M €	-6.2%	3,4 M €	-11.9%	3,9 M €	+4.9%	3,7 M €	+86.7%	2 M €	-12.8%	2,3 M €	-20.7%	2,9 M €	-13.4%	3,3 M €	+2.7%	3,2 M €
Other
Workforce	0,0 ETP		0,0 ETP		0,0 ETP		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 30/11/2025 · 13 active · 79 ended

Active mandates

Bart Van Looveren

Director · since 21 décembre 2023 · until 25 mai 2029

Active

Ben BOLCKMANS

Director · since 21 décembre 2023 · until 25 mai 2029

Active

Davy Hens

Director · since 21 décembre 2023 · until 25 mai 2029

Active

Dirk Van Looveren

Director · since 21 décembre 2023 · until 25 mai 2029

Active

Jan Arnouts

Director · since 21 décembre 2023 · until 25 mai 2029

Active

Jan Leenaerts

Director · since 21 décembre 2023 · until 25 mai 2029

Active

Jan van den Keybus

Director · since 21 décembre 2023 · until 25 mai 2029

Active

Johan Elst

Director · since 21 décembre 2023 · until 25 mai 2029

Active

Jonas Bogaerts

Director · since 21 décembre 2023 · until 25 mai 2029

Active

Koen Bernaerts

Director · since 21 décembre 2023 · until 25 mai 2029

Active

Luc Van De Locht-Van Gestel

Director · since 21 décembre 2023 · until 25 mai 2029

Active

Marc Bogaerts

Director · since 21 décembre 2023 · until 25 mai 2029

Active

Roger Aernouts

Director · since 21 décembre 2023 · until 25 mai 2029

Active

Ended mandates

BART VAN LOOVEREN

Managing director · since 31 mai 2019 · until 30 mai 2025

Ended

BEN BOLCKMANS

Director · since 31 mai 2019 · until 30 mai 2025

Ended

DAVY HENS

Director · since 31 mai 2019 · until 30 mai 2025

Ended

DIRK VAN LOOVEREN

Director · since 31 mai 2019 · until 30 mai 2025

Ended

At this address

Other companies at this address

Company	CBE no.
BERNAERTS LODE● Active	0741.823.831
BIO - NOORD● Active	0472.178.578

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/12/2024	01/12/2023	01/12/2022	01/12/2021	01/12/2020	01/12/2019
Closing of the financial year	30/11/2025	30/11/2024	30/11/2023	30/11/2022	30/11/2021	30/11/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	02/06/2026	13/06/2025	03/06/2024	06/06/2023	30/05/2022	11/06/2021
General meeting	29/05/2026	30/05/2025	31/05/2024	26/05/2023	27/05/2022	28/05/2021
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
Abridged model	30/11/2025	29/05/2026	02/06/2026	Dutch	PDF
Abridged model	30/11/2024	30/05/2025	13/06/2025	Dutch	PDF
Abridged model	30/11/2023	31/05/2024	03/06/2024	Dutch	PDF
Abridged model	30/11/2022	26/05/2023	06/06/2023	Dutch	PDF
Abridged model	30/11/2021	27/05/2022	30/05/2022	Dutch	PDF
Abridged model	30/11/2020	28/05/2021	11/06/2021	Dutch	PDF
Abridged model	30/11/2019	29/05/2020	04/06/2020	Dutch	PDF
Abridged model	30/11/2018	31/05/2019	26/06/2019	Dutch	PDF
Abridged model	30/11/2017	25/05/2018	31/05/2018	Dutch	PDF
Abridged model	30/11/2016	26/05/2017	15/06/2017	Dutch	PDF
Abridged model	30/11/2015	27/05/2016	13/06/2016	Dutch	PDF
Abridged model	30/11/2014	29/05/2015	17/06/2015	Dutch	PDF
Abridged model	30/11/2013	30/05/2014	04/06/2014	Dutch	PDF
Abridged model	30/11/2012	31/05/2013	10/06/2013	Dutch	PDF
Abridged model	30/11/2011	25/05/2012	30/05/2012	Dutch	PDF
Abridged model	30/11/2010	27/05/2011	31/05/2011	Dutch	PDF
Abridged model	30/11/2009	28/05/2010	31/05/2010	Dutch	PDF
Abridged model	30/11/2008	25/05/2009	29/05/2009	Dutch	PDF
Abridged model	30/11/2007	30/05/2008	10/06/2008	Dutch	PDF
Abridged model	30/11/2006	25/05/2007	29/05/2007	Dutch	PDF

Estimate

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.

Governance

Board of directors

Seen on filing of 30/11/2025 · 13 active · 79 ended

Active mandates

Bart Van Looveren

Director · since 21 décembre 2023 · until 25 mai 2029

Active

Ben BOLCKMANS

Director · since 21 décembre 2023 · until 25 mai 2029

Active

Davy Hens

Director · since 21 décembre 2023 · until 25 mai 2029

Active

Dirk Van Looveren

Director · since 21 décembre 2023 · until 25 mai 2029

Active

Jan Arnouts

Director · since 21 décembre 2023 · until 25 mai 2029

Active

Jan Leenaerts

Director · since 21 décembre 2023 · until 25 mai 2029

Active

Jan van den Keybus

Director · since 21 décembre 2023 · until 25 mai 2029

Active

Johan Elst

Director · since 21 décembre 2023 · until 25 mai 2029

Active

Jonas Bogaerts

Director · since 21 décembre 2023 · until 25 mai 2029

Active

Koen Bernaerts

Director · since 21 décembre 2023 · until 25 mai 2029

Active

Luc Van De Locht-Van Gestel

Director · since 21 décembre 2023 · until 25 mai 2029

Active

Marc Bogaerts

Director · since 21 décembre 2023 · until 25 mai 2029

Active

Roger Aernouts

Director · since 21 décembre 2023 · until 25 mai 2029

Active

Ended mandates

BART VAN LOOVEREN

Managing director · since 31 mai 2019 · until 30 mai 2025

Ended

BEN BOLCKMANS

Director · since 31 mai 2019 · until 30 mai 2025

Ended

DAVY HENS

Director · since 31 mai 2019 · until 30 mai 2025

Ended

DIRK VAN LOOVEREN

Director · since 31 mai 2019 · until 30 mai 2025

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates04/04/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates16/09/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates22/05/2018
ONTSLAGEN - BENOEMINGEN
PDF
Mandates21/04/2015
ONTSLAGEN - BENOEMINGEN
PDF
Mandates21/06/2013
ONTSLAGEN - BENOEMINGEN
PDF
Mandates28/02/2012
ONTSLAGEN - BENOEMINGEN
PDF
Mandates14/11/2011
ONTSLAGEN - BENOEMINGEN
PDF
Mandates25/08/2011
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 2025139,2 k €↑
2024
Annual accounts 2024-71 k €↓
2023
Annual accounts 2023398,7 k €↑
2022
Annual accounts 2022351,2 k €↑
2021
Annual accounts 2021130,5 k €↓
2020
Annual accounts 2020154 k €↑
2019
Annual accounts 2019101,4 k €↑
2018
Annual accounts 2018-223,9 k €↓
2017
Annual accounts 20179,4 k €↑
2016
Annual accounts 2016-62,1 k €↑
2015
Annual accounts 2015-67 k €↑
2014
Annual accounts 2014-186,3 k €↑
2013
Annual accounts 2013-197,5 k €↓
2012
Annual accounts 201245,6 k €↑
2011
Annual accounts 2011-171,9 k €↓
2010
Annual accounts 2010-149,4 k €↓
2009
Annual accounts 200971,8 k €↑
2008
Annual accounts 200862,8 k €↓
2007
Annual accounts 200782,1 k €↓
2006
Annual accounts 2006185,1 k €
21/12/2001
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

IVEB

Overview

What does IVEB 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