IVC
0866.682.231 · rovalta.com · 22/09/2026
ACTIVE
IVC
Financial year 2025 · closed on 31/12/2025
Net result
23,8 M €
+34.2% YoY
Revenue
349,8 M €
-10.0% YoY
Equity
254,9 M €
-0.9% YoY
Workforce
678,3 ETP
-12.7% YoY
Overview
What does IVC do?
IVC is a Private limited company incorporated in 2004. Its main activity is: Manufacture of carpets and rugs. Its registered office is in Avelgem. It employs on average 678,3 ETP workers (FTE).
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0866.682.231
Incorporation
06/08/2004
Legal form
Private limited company
Registered office
Nijverheidslaan 29
8580 Avelgem · FlandreSee on map
8580 Avelgem · FlandreSee on map
Contributed capital
97 632 234,99 €
Latest accounts
31/12/2025
Average workforce
678,3 ETP
Activities (NACE)
Joint committees (3)
- 120
- 214
- 218
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue
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Financials
Trend over 19 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | |||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||||||||||||||||||||||||
| Revenue | 349,8 M € | -10.0% | 388,8 M € | -3.0% | 401 M € | -7.9% | 435,6 M € | +12.8% | 386,3 M € | +16.6% | 331,4 M € | +8.4% | 305,6 M € | +6.4% | 287,2 M € | +1.6% | 282,8 M € | +5.8% | 267,3 M € | +10.5% | 242 M € | +15.5% | 209,5 M € | +16.7% | 179,5 M € | +6.3% | 168,8 M € | +9.1% | 154,7 M € | +4.4% | 148,2 M € | -4.1% | 154,6 M € | +3.7% | 149 M € | +8.1% | 137,8 M € |
| EBITDA | 40,6 M € | +12.3% | 36,1 M € | +67.3% | 21,6 M € | +315% | -10 M € | -127% | 37 M € | +23.2% | 30,1 M € | +136% | 12,7 M € | -73.6% | 48,1 M € | -25.7% | 64,8 M € | +33.2% | 48,7 M € | +59.1% | 30,6 M € | +221% | 9,5 M € | +210% | 3,1 M € | -52.5% | 6,5 M € | -58.5% | 15,6 M € | +9.3% | 14,3 M € | +39.3% | 10,3 M € | +7.8% | 9,5 M € | -36.1% | 14,9 M € |
| Operating result | 24,5 M € | +68.2% | 14,6 M € | +5133% | -289,6 k € | +99.2% | -35,1 M € | -1341% | 2,8 M € | +115% | -19,1 M € | +32.5% | -28,2 M € | -170% | 40,4 M € | -31.5% | 58,9 M € | +49.0% | 39,6 M € | +89.3% | 20,9 M € | +9121% | -231,8 k € | +97.0% | -7,8 M € | -979% | 887 k € | -92.6% | 12 M € | +18.1% | 10,2 M € | +36.5% | 7,4 M € | +10.5% | 6,7 M € | -45.7% | 12,4 M € |
| Net result | 23,8 M € | +34.2% | 17,7 M € | +498% | 3 M € | +109% | -31,5 M € | -124% | 130,1 M € | +315% | -60,5 M € | -15289% | 398,5 k € | +110% | -3,8 M € | -109% | 42,8 M € | -89.3% | 399,1 M € | +2082% | 18,3 M € | +622% | 2,5 M € | -86.2% | 18,3 M € | +257% | 5,1 M € | -93.6% | 80,2 M € | +512% | 13,1 M € | +373% | 2,8 M € | -30.4% | 4 M € | -47.8% | 7,6 M € |
| Balance sheet | |||||||||||||||||||||||||||||||||||||
| Equity | 254,9 M € | -0.9% | 257,2 M € | +7.4% | 239,5 M € | +0.9% | 237,4 M € | -12.0% | 269,9 M € | -45.7% | 497,4 M € | -10.0% | 552,7 M € | +0.1% | 552,3 M € | +2.6% | 538,4 M € | +8.6% | 495,6 M € | +308% | 121,5 M € | +17.7% | 103,2 M € | -14.5% | 120,7 M € | +17.9% | 102,4 M € | +5.3% | 97,3 M € | +468% | 17,1 M € | -72.4% | 61,9 M € | +4.7% | 59,1 M € | +7.2% | 55,2 M € |
| Total assets | 288 M € | -3.3% | 297,9 M € | -3.0% | 307,2 M € | +4.9% | 293 M € | -11.7% | 331,8 M € | -86.9% | 2,5 Md € | -0.9% | 2,5 Md € | +1.0% | 2,5 Md € | +3.5% | 2,4 Md € | +0.5% | 2,4 Md € | +786% | 273,6 M € | +3.7% | 263,9 M € | -8.0% | 286,8 M € | +7.5% | 266,8 M € | +22.7% | 217,5 M € | +75.1% | 124,2 M € | -6.4% | 132,7 M € | +13.6% | 116,8 M € | +19.3% | 97,9 M € |
| Cash | 22,8 k € | +246% | 6,6 k € | -79.6% | 32,4 k € | -65.6% | 94 k € | +341% | 21,3 k € | -87.4% | 168,7 k € | +32.2% | 127,6 k € | -52.9% | 270,9 k € | +77.6% | 152,6 k € | -89.8% | 1,5 M € | -97.2% | 52,9 M € | +538% | 8,3 M € | +36.5% | 6,1 M € | -31.9% | 8,9 M € | +81.1% | 4,9 M € | -50.9% | 10 M € | +233% | 3 M € | +88.7% | 1,6 M € | -85.2% | 10,8 M € |
| Debts | 29,3 M € | -19.6% | 36,4 M € | -41.8% | 62,6 M € | +31.8% | 47,5 M € | -16.6% | 56,9 M € | -97.1% | 2 Md € | +1.6% | 1,9 Md € | +3.0% | 1,9 Md € | +2.1% | 1,9 Md € | -3.3% | 1,9 Md € | +1304% | 136,4 M € | -6.5% | 145,9 M € | +0.2% | 145,6 M € | +3.0% | 141,3 M € | +29.2% | 109,3 M € | +13.0% | 96,8 M € | +49.9% | 64,5 M € | +26.4% | 51,1 M € | +39.5% | 36,6 M € |
| Other | |||||||||||||||||||||||||||||||||||||
| Workforce | 678,3 ETP | -12.7% | 777,3 ETP | -7.2% | 837,3 ETP | -8.3% | 913,5 ETP | +11.0% | 823,0 ETP | +4.9% | 784,7 ETP | +18.1% | 664,6 ETP | +32.5% | 501,6 ETP | +16.8% | 429,5 ETP | +5.9% | 405,6 ETP | +2.3% | 396,6 ETP | +9.4% | 362,5 ETP | +19.6% | 303,2 ETP | +15.2% | 263,2 ETP | +5.4% | 249,8 ETP | +3.4% | 241,7 ETP | +2.0% | 237,0 ETP | +2.4% | 231,5 ETP | -2.3% | 237,0 ETP |
Estimate
Indicative valuation
As an indication, this company is worth
between 250 M€ and 500 M€
See the valuationGovernance
Board of directors
Seen on filing of 31/12/2025 · 5 active · 51 ended
Active mandates
Ended mandates
At this address
Other companies at this address
| Company | CBE no. |
|---|---|
IVC Green Power● Active | 0550.548.838 |
Financials
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 | 02/07/2026 | 30/06/2025 | 01/07/2024 | 04/08/2023 | 07/07/2022 | 20/07/2021 |
| General meeting | 26/06/2026 | 27/06/2025 | 28/06/2024 | 23/06/2023 | 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
Looking for more information about this company?
Try for 7 daysFilings
Annual accounts filings
25 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Full model | 31/12/2025 | 26/06/2026 | 02/07/2026 | Dutch | |
| Full model | 31/12/2024 | 27/06/2025 | 30/06/2025 | Dutch | |
| Full model | 31/12/2023 | 28/06/2024 | 01/07/2024 | Dutch | |
| Full model | 31/12/2022 | 23/06/2023 | 04/08/2023 | Dutch | |
| Full model | 31/12/2021 | 24/06/2022 | 07/07/2022 | Dutch | |
| Full model | 31/12/2020 | 25/06/2021 | 20/07/2021 | Dutch | |
| Full model | 31/12/2019 | 26/06/2020 | 09/07/2020 | Dutch | |
| Full model | 31/12/2018 | 28/06/2019 | 18/07/2019 | Dutch | |
| Full model | 31/12/2017 | 22/06/2018 | 10/07/2018 | Dutch | |
| Full model | 31/12/2016 | 23/06/2017 | 10/07/2017 | Dutch | |
| Full model | 31/12/2015 | 24/06/2016 | 30/06/2016 | Dutch | |
| Full model | 31/12/2014 | 26/06/2015 | 10/07/2015 | Dutch | |
| Full model | 31/12/2013 | 27/06/2014 | 04/07/2014 | Dutch | |
| Full model | 31/12/2012 | 17/05/2013 | 03/07/2013 | Dutch | |
| Full model | 31/12/2011 | 29/06/2012 | 02/07/2012 | Dutch | |
| Full modelCorrection | 31/12/2010 | 28/06/2011 | 04/11/2011 | Dutch | |
| Full model | 31/12/2010 | 28/06/2011 | 15/07/2011 | Dutch | |
| Full model | 31/12/2009 | 23/06/2010 | 23/07/2010 | Dutch | |
| Consolidated accounts | 31/12/2009 | 23/06/2010 | 23/07/2010 | Dutch | |
| Full model | 31/12/2008 | 26/06/2009 | 14/07/2009 | Dutch | |
| Consolidated accounts | 31/12/2008 | 26/06/2009 | 14/07/2009 | Dutch | |
| Full model | 31/12/2007 | 27/06/2008 | 22/07/2008 | Dutch | |
| Consolidated accounts | 31/12/2007 | 27/06/2008 | 22/07/2008 | Dutch | |
| Full model | 31/12/2006 | 22/06/2007 | 24/07/2007 | Dutch |
Valuation
Estimate
Indicative valuation
Order of magnitude
As an indication, this company is worth
between 250 M€ and 500 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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Governance
Board of directors
Seen on filing of 31/12/2025 · 5 active · 51 ended
Active mandates
Ended mandates
Shareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
- Mandates25/02/2026ONTSLAGEN - BENOEMINGEN
- Mandates19/11/2025ONTSLAGEN - BENOEMINGEN
- Restructuring25/02/2025CAPITAL, ACTIONS - RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
- Restructuring25/02/2025KAPITAAL - AANDELEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
- Restructuring22/11/2024RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
- Restructuring22/11/2024RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
- Mandates22/10/2024ONTSLAGEN - BENOEMINGEN
- Mandates28/03/2024ONTSLAGEN - BENOEMINGEN
Source: Belgian Official Gazette
Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 01/02/2026nominationHoveco Management BV — bestuurder
- 2025Annual accounts 202523,8 M €↑
- 31/10/2025unknownCAMAT BV — bestuurder categorie B
- 31/10/2025unknownRodney David Patton — bestuurder categorie A
- 31/10/2025unknownSDS Manco BV — bestuurder categorie B
- 2024Annual accounts 202417,7 M €↑
- 28/06/2024reconductionKPMG Bedrijfsrevisoren BV — commissaris
- 01/02/2024nominationCAMAT BV — bestuurder categorie B
- 2023Annual accounts 20233 M €↑
- 2022Annual accounts 2022-31,5 M €↓
- 29/03/2022nominationRuben Desmet — bestuurder categorie B
- 2021Annual accounts 2021130,1 M €↑
- 2019Annual accounts 2019-60,5 M €↓
- 2018Annual accounts 2018398,5 k €↑
- 2017Annual accounts 2017-3,8 M €↓
- 2016Annual accounts 201642,8 M €↓
- 2015Annual accounts 2015399,1 M €↑
- 2014Annual accounts 201418,3 M €↑
- 2013Annual accounts 20132,5 M €↓
- 2012Annual accounts 201218,3 M €↑
- 2011Annual accounts 20115,1 M €↓
- 2010Annual accounts 201080,2 M €↑
- 2009Annual accounts 200913,1 M €↑
- 2008Annual accounts 20082,8 M €↓
- 2007Annual accounts 20074 M €↓
- 2006Annual accounts 20067,6 M €
- 06/08/2004IncorporationPrivate limited company