ACTIVE

Indovinya Belgium

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Financial year 2025 · Closed on 31/12/2025

Net result2,6 M €+21 084,0 %over 1 year
Revenue73,2 M €+78,3 %over 1 year
Equity17,4 M €+17,9 %over 1 year
Workforce10,6 ETP+82,8 %over 1 year

Identity

Source · BCE/KBO

Indovinya Belgium is a Public limited company incorporated in 2010. Its main activity is: Wholesale trade, except of motor vehicles and motorcycles. Its registered office is in Zaventem. It employs on average 10,6 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0826.888.178
Incorporation
23/06/2010
Legal form
Public limited company
Registered office
Ikaroslaan 6
1930 Zaventem · FlandreSee on map
Contributed capital
14 618 957,43 €
Latest accounts
31/12/2025
Average workforce
10,6 ETP
Joint committees (5)
  • 100
  • 1000
  • 200
  • 2000
  • 207
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 16 filings

Trend over 14 financial years

20252024202320222021
Income statement
Revenue73,2 M €41 M €–––
EBITDA4,1 M €4,6 M €86 k €26,7 k €17 k €
Operating result3,6 M €2,1 M €85,7 k €26,7 k €17 k €
Net result2,6 M €-12,6 k €62 k €21 k €15,5 k €
Balance sheet
Equity17,4 M €14,8 M €266,1 k €204,1 k €183,1 k €
Total assets34,1 M €27,7 M €450,9 k €396,9 k €298,7 k €
Cash1,3 M €3,7 M €174,8 k €333,3 k €250,8 k €
Debts16,7 M €13 M €184,8 k €192,8 k €115,6 k €
Other
Workforce10,6 ETP5,8 ETP6,0 ETP5,3 ETP5,0 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 25 M€ and 50 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

4 active · 16 ended

Active mandates

Samir Rawal

Director · since 15 décembre 2025 · until 27 juin 2031

Active
Leonardo Guglielmi

Director · since 01 février 2024 · until 28 juin 2030

Active
Kurt Koninckx

Director · since 02 janvier 2024 · until 28 juin 2030

Active
Stephen Thallemer

Director · since 02 janvier 2024 · until 15 décembre 2025

Active

Ended mandates

Stephen Thallemer

Director · since 02 janvier 2024 · until 28 juin 2030

Ended
Dilip Kumar Agarwal

Director · since 25 novembre 2022 · until 24 novembre 2028

Ended
Sunil Baldi

Director · since 25 novembre 2022 · until 24 novembre 2028

Ended
Sanjay Ahuja

Director · since 27 mars 2020 · until 23 juin 2025

Ended

Other companies at this address

Ikaroslaan 6 1930 Zaventem
CompanyCBE no.
YOKOGAWA BELGIUM● Active
0405.758.423

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 date06/07/202605/08/202530/07/202431/08/202331/08/202205/07/2021
General meeting03/07/202631/07/202510/07/202428/08/202325/08/202230/06/2021
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, 16 filings
ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202503/07/202606/07/2026DutchPDF
Full model31/12/202431/07/202505/08/2025DutchPDF
Full model31/12/202310/07/202430/07/2024DutchPDF
Full model31/12/202228/08/202331/08/2023DutchPDF
Full model31/12/202125/08/202231/08/2022DutchPDF
Full model31/12/202030/06/202105/07/2021DutchPDF
Full model31/12/201921/07/202014/08/2020DutchPDF
Full model31/12/201813/09/201919/12/2019DutchPDF
Full model31/12/201713/09/201919/12/2019DutchPDF
Full model31/12/201627/06/201826/10/2018DutchPDF
Full model31/12/201525/11/201626/12/2016DutchPDF
Full model31/12/201426/06/201528/09/2015DutchPDF
Full model31/12/201327/06/201430/09/2014DutchPDF
Full model31/12/201228/06/201317/09/2013DutchPDF
Full model31/12/201129/06/201202/08/2012DutchPDF
Full model31/12/201024/06/201131/08/2011DutchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 25 M€ and 50 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

4 active · 16 ended

Active mandates

Samir Rawal

Director · since 15 décembre 2025 · until 27 juin 2031

Active
Leonardo Guglielmi

Director · since 01 février 2024 · until 28 juin 2030

Active
Kurt Koninckx

Director · since 02 janvier 2024 · until 28 juin 2030

Active
Stephen Thallemer

Director · since 02 janvier 2024 · until 15 décembre 2025

Active

Ended mandates

Stephen Thallemer

Director · since 02 janvier 2024 · until 28 juin 2030

Ended
Dilip Kumar Agarwal

Director · since 25 novembre 2022 · until 24 novembre 2028

Ended
Sunil Baldi

Director · since 25 novembre 2022 · until 24 novembre 2028

Ended
Sanjay Ahuja

Director · since 27 mars 2020 · until 23 juin 2025

Ended

Ownership and network

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Try for 7 days

Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates30/12/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other16/12/2025
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - BENAMING
    PDF
  • Restructuring19/09/2025
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Other12/09/2025
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - DOEL
    PDF
  • Restructuring11/07/2025
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Capital / shares19/12/2024
    KAPITAAL - AANDELEN
    PDF
  • Mandates25/11/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates16/02/2024
    ONTSLAGEN - BENOEMINGEN
    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 20252,6 M €↑
  2. 2025
    Name changeIndovinya Belgium
  3. 2024
    Annual accounts 2024-12,6 k €↓
  4. 2023
    Annual accounts 202362 k €↑
  5. 2022
    Annual accounts 202221 k €↑
  6. 2021
    Annual accounts 202115,5 k €↓
  7. 2021
    Name changeIVL BELGIUM
  8. 2018
    Annual accounts 201818,4 k €↑
  9. 2017
    Annual accounts 2017-9,2 k €↑
  10. 2016
    Annual accounts 2016-3,1 M €↓
  11. 2015
    Annual accounts 2015-39,6 k €↓
  12. 2014
    Annual accounts 2014-10,7 k €↓
  13. 2013
    Annual accounts 2013-10 k €↓
  14. 2012
    Annual accounts 2012-9,7 k €↑
  15. 2011
    Annual accounts 2011-14,8 k €↓
  16. 2010
    Annual accounts 2010-10,3 k €
  17. 23/06/2010
    IncorporationPublic limited company