ACTIVE

IVEX

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Financial year 2025 · closed on 31/12/2025
Net result
767,2 k €
+848.6% YoY
Gross margin
1,5 M €
+93.9% YoY
Equity
2,6 M €
+27.9% YoY
Workforce
6,1 ETP
-14.1% YoY

What does IVEX do?

IVEX is a Public limited company incorporated in 2017. Its main activity is: Computer programming activities. Its registered office is in Leuven. It employs on average 6,1 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0684.924.819
Incorporation
22/11/2017
Legal form
Public limited company
Registered office
Kapeldreef 60
3001 Leuven · FlandreSee on map
Contributed capital
2 375 960,61 €
Latest accounts
31/12/2025
Average workforce
6,1 ETP
Activities (NACE)
62010Computer programming activities· main62100Computer programming, consultancy and related activities
Joint committees (4)
  • 100
  • 1000
  • 200
  • 2000
Contacts
2 public details availableLog in to view
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 7 financial years

2025202420232022202120202019
Income statement
Gross margin1,5 M €765,1 k €295,7 k €366,3 k €161,8 k €124,1 k €130,7 k €
EBITDA970,9 k €202 k €-292,6 k €-236,7 k €-198,6 k €35,3 k €117 k €
Operating result615,8 k €-85,4 k €-521,6 k €-402 k €-272,3 k €10,6 k €114,8 k €
Net result767,2 k €80,9 k €-398,7 k €-591,6 k €-251,1 k €2,8 k €103,2 k €
Balance sheet
Equity2,6 M €2 M €1,9 M €98,1 k €202,1 k €112,5 k €73,1 k €
Total assets2,8 M €2,4 M €2 M €1,8 M €1,6 M €1,2 M €172,9 k €
Cash518,8 k €90,6 k €230,7 k €55,5 k €454,4 k €805 k €72,4 k €
Debts126,2 k €292,9 k €114,4 k €1,7 M €1,4 M €1 M €99,7 k €
Other
Workforce6,1 ETP7,1 ETP–––––
Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 5 active · 19 ended

Active mandates

HALDYR

Director · since 06 janvier 2025 · 0534.754.268

Represented by Simon Alexandre

Active
Jan Leuridan

Director · since 10 janvier 2023

Active
Mario Cruz Torres

Director · since 10 janvier 2023

Active
Omar Mohout

Director · since 10 janvier 2023

Active
Participatiemaatschappij Vlaanderen

Director · since 10 janvier 2023 · 0455.777.660

Represented by Michael Raes

Active

Ended mandates

JALOFIN

Director · since 10 janvier 2023 · 0650.939.977

Represented by Biet NICOLAS

Ended
NOSHAQ PARTNERS

Director · since 10 janvier 2023 · 0808.219.836

Represented by Liquet DIMITRI

Ended
Olivier Tabery

Director · since 10 janvier 2023

Ended
Participatiemaatschappij Vlaanderen

Director · since 10 janvier 2023 · 0455.777.660

Represented by MICHAËL RAES

Ended
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Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelMicro modelMicro modelMicro modelMicro 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 date01/07/202612/08/202528/06/202429/08/202321/08/202220/07/2021
General meeting05/05/202621/07/202531/05/202430/06/202320/07/202215/07/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

8 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202505/05/202601/07/2026DutchPDF
Abridged model31/12/202421/07/202512/08/2025DutchPDF
Micro model31/12/202331/05/202428/06/2024DutchPDF
Micro model31/12/202230/06/202329/08/2023DutchPDF
Micro model31/12/202120/07/202221/08/2022DutchPDF
Micro model31/12/202015/07/202120/07/2021DutchPDF
Micro model31/12/201929/05/202004/09/2020DutchPDF
Micro model31/12/201828/06/201930/07/2019DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 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 31/12/2025 · 5 active · 19 ended

Active mandates

HALDYR

Director · since 06 janvier 2025 · 0534.754.268

Represented by Simon Alexandre

Active
Jan Leuridan

Director · since 10 janvier 2023

Active
Mario Cruz Torres

Director · since 10 janvier 2023

Active
Omar Mohout

Director · since 10 janvier 2023

Active
Participatiemaatschappij Vlaanderen

Director · since 10 janvier 2023 · 0455.777.660

Represented by Michael Raes

Active

Ended mandates

JALOFIN

Director · since 10 janvier 2023 · 0650.939.977

Represented by Biet NICOLAS

Ended
NOSHAQ PARTNERS

Director · since 10 janvier 2023 · 0808.219.836

Represented by Liquet DIMITRI

Ended
Olivier Tabery

Director · since 10 janvier 2023

Ended
Participatiemaatschappij Vlaanderen

Director · since 10 janvier 2023 · 0455.777.660

Represented by MICHAËL RAES

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates21/03/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates18/01/2023
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
    PDF
  • Mandates28/12/2020
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates06/01/2020
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM - DOEL - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates15/06/2018
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other24/11/2017
    RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
    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

Timeline

  1. 2025
    Annual accounts 2025767,2 k €↑
  2. 2024
    Annual accounts 202480,9 k €↑
  3. 2023
    Annual accounts 2023-398,7 k €↑
  4. 2022
    Annual accounts 2022-591,6 k €↓
  5. 2021
    Annual accounts 2021-251,1 k €↓
  6. 2020
    Annual accounts 20202,8 k €↓
  7. 2019
    Annual accounts 2019103,2 k €
  8. 22/11/2017
    IncorporationPublic limited company