Financials
Financial year 2025
Intergemeentelijke Vereniging voor Afvalbeheer in Gent en Omstreken from Gent, company number BE0252828916, closed financial year 2025 with a result of € 2.2 million after tax. For that financial year Intergemeentelijke Vereniging voor Afvalbeheer in Gent en Omstreken recorded revenue of € 81.1 million and equity of € 51.2 million. Compared with financial year 2024, the result moved from € 574,693 to € 2.2 million. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on June 30, 2026.
€ 51.2 million
▲ 41% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 2.2 million
▲ 286% vs 2024
Profit after tax over the fiscal year.
€ 27 million
▲ 55% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 6 million.
People and assets in 2025
399
▲ 1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 32.8 million
▼ 7% vs 2024
€ 82,300 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 11.7 million
▲ 20% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 1 million
▼ 74% vs 2024
Loans from banks and other lenders, long and short.
€ 9.4 million
▲ 5% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 82 days on average.
€ 6.3 million
▼ 19% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 79,042,310 | € 75,477,255 | € 83,374,612 | € 81,142,751 | ▼ 3% |
| Profit after taxes | € 103,818 | € 180,394 | € 574,693 | € 2,216,561 | ▲ 286% |
| Equity | € 17,995,561 | € 28,989,671 | € 36,354,631 | € 51,188,968 | ▲ 41% |
| Total debts | € 38,669,800 | € 31,930,953 | € 25,582,848 | € 21,382,398 | ▼ 16% |
| Cash | € 10,327,185 | € 13,617,102 | € 17,430,362 | € 26,990,182 | ▲ 55% |
| Land & buildings | € 6,315,680 | € 9,771,798 | € 10,937,780 | € 10,401,643 | ▼ 5% |
| Retained profit | € 3,258,643 | € 3,467,117 | € 4,069,883 | € 6,033,471 | ▲ 48% |
| Bank debt | € 18,641,654 | € 8,885,095 | € 3,914,260 | € 1,001,350 | ▼ 74% |
| Balance sheet total | € 62,764,871 | € 67,020,135 | € 68,282,738 | € 78,394,662 | ▲ 15% |
| Employees (FTE) | 418 | 376 | 398 | 399 | ▲ 1 |
Key figures of Intergemeentelijke Vereniging voor Afvalbeheer in Gent en Omstreken, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to Intergemeentelijke Vereniging voor Afvalbeheer in Gent en Omstreken?
What happened at Intergemeentelijke Vereniging voor Afvalbeheer in Gent en Omstreken in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 2.2 million (▲ 286% vs 2024). Source: NBB ↗
- Els Lecompte became a director. NBB
- Dieter Wildemauwe became a director. NBB
- Piet Penneman became a director. NBB
- Els De Keyser became a director. NBB
- Bruno Matthys became a director. NBB
- Sven Taeldeman became a director. NBB
- Sofie Bracke became a director. NBB
In short
From € 103,818 profit in 2022 to € 2.2 million profit in 2025.
Paid € 7,706 in corporate taxes since 2022.
Best year ever: 2025, with € 2.2 million profit.
Pays suppliers within 82 days on average.
Management
The stake of ECOV comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
Intergemeentelijke Vereniging voor Afvalbeheer in Gent en OmstrekenBehind Intergemeentelijke Vereniging voor Afvalbeheer in Gent en Omstreken are Els De Keyser, Bruno Matthys, Sven Taeldeman, Dieter Wildemauwe, Sofie Bracke and Bert Misplon. The shares are held by ECOV (45.5%).
Directors
According to the 2025 annual accounts
Els De Keyser
Director
since 2025
Bruno Matthys
Director
Also active at: VLAAMSE LANDMAATSCHAPPIJ, Toerisme Oost-Vlaanderen, Nouadhibou
since 2025
since 2025
Dieter Wildemauwe
Director
since 2025
Sofie Bracke
Chairman of the board
Also active at: INTERGEMEENTELIJKE SAMENWERKING WESTLEDE, Toerisme Oost-Vlaanderen, Centrum voor Informatica – Oplossingen – Ondersteuning – Overheid, INCUBATIE- EN INNOVATIECENTRUM UNIVERSITEIT, Citadel Finance, Maatschappij voor Industriële Ontwikkeling te Zwijnaarde, Creat Services, Together for Entrepreneurship, Networking and Technology +3 more
since 2025
Bert Misplon
Director
since 2025
Koen Van Hende
Director
since 2025
Michaël Vercuyssen
Vice-chairman of the board
since 2025
Nicolas Vanden Eynden
Director
since 2025
Veerle Baert
Director
since 2025
Els Lecompte
Director
since 2025
Piet Penneman
Director
Also active at: Intercommunale voor Huisvuilverwerking en Milieuzorg DURME - MOERVAART, ZAKENKANTOOR DE PAEPE, ACE VASTGOED
since 2025
Tine De Moor
Director
since 2025
Shareholders
45.5%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Proeftuinstraat 43
9000 Gent
Stapsteenweg(Heu) 8Y
9070 Destelbergen
Active since 1 September 2022
Lourdesstraat 4
9041 Gent
Active since 1 September 2022
Koninginnelaan 1Z
9031 Gent
Active since 1 September 2022
Gaardeniersweg 21
9000 Gent
Active since 1 September 2022
Jan Samijnstraat 2
9050 Gent
Active since 1 September 2022
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0252.828.916
- VAT number
- BE 0252.828.916
- Registered office
- Proeftuinstraat 43, 9000 Gent
- Names & denominations
- Intergemeentelijke Vereniging voor Afvalbeheer in Gent en Omstreken · IVAGO
- Enterprise type
- Rechtspersoon
- Legal form
- Opdrachthoudende vereniging (Vlaams Gewest)
- Legal situation
- Normale toestand
- Start date
- 6 June 1994
- Peppol
- Active · Active since 30 Dec 2025
- Activities · NACE
Terugwinning van materialen uit afval
Andere afvalverwijdering
Behandeling en verwijdering van ongevaarlijk afval, m.u.v. slib en vloeibare afvalstoffen
Overige verwerking en verwijdering van ongevaarlijk afval