Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 54.7 to 44.8.
Financials
Financial year 2025
IVECA TECHNICS from Oudenaarde, company number BE0405265208, closed financial year 2025 with a result of € 44,165 after tax. For that financial year IVECA TECHNICS recorded revenue of € 13.7 million and equity of € 2.7 million. Compared with financial year 2024, the result moved from € 72,588 to € 44,165. The company is profitable. 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 29, 2026.
€ 2.7 million
▲ 2% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 44,165
▼ 39% vs 2024
Profit after tax over the fiscal year.
€ 168,836
▼ 48% 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 € 754,478.
People and assets in 2025
44.8
▼ 4 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 3.3 million
▼ 1% vs 2024
€ 73,100 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.
€ 498,743
▼ 1% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 899,000
Loans from banks and other lenders, long and short.
€ 1.2 million
▲ 54% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 45 days on average.
€ 273,049
▼ 15% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 13,842,107 | € 11,898,202 | € 12,733,622 | € 13,672,046 | ▲ 7% |
| Profit after taxes | € 178,391 | € 49,377 | € 72,588 | € 44,165 | ▼ 39% |
| Equity | € 2,568,546 | € 2,617,924 | € 2,690,512 | € 2,734,677 | ▲ 2% |
| Total debts | € 3,680,631 | € 3,181,875 | € 2,736,820 | € 3,064,194 | ▲ 12% |
| Cash | € 216,308 | € 299,988 | € 324,894 | € 168,836 | ▼ 48% |
| Land & buildings | € 59,182 | € 52,419 | € 45,655 | € 38,892 | ▼ 15% |
| Retained profit | € 588,347 | € 637,724 | € 710,313 | € 754,478 | ▲ 6% |
| Bank debt | € 955,406 | € 899,000 | € 899,000 | € 899,000 | |
| Balance sheet total | € 6,249,177 | € 5,799,799 | € 5,427,332 | € 5,798,871 | ▲ 7% |
| Employees (FTE) | 60.2 | 54.7 | 48.8 | 44.8 | ▼ 4 |
Key figures of IVECA TECHNICS, 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 IVECA TECHNICS?
What happened at IVECA TECHNICS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- IKASO NV stepped down as director. NBB
- ARNAUD CORNILLE stepped down as director. NBB
- ISABEL VERSTRAETE stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 44,165 (▼ 39% vs 2024). Source: NBB ↗
- IKASO NV became a director. NBB
- New establishment in Andenne. KBO
- ISABEL VERSTRAETE became a director. NBB
- ARNAUD CORNILLE became a director. NBB
In short
From € 178,391 profit in 2022 to € 44,165 profit in 2025.
Paid € 213,681 in corporate taxes since 2022.
Best year ever: 2022, with € 178,391 profit.
Pays suppliers within 45 days on average.
Management
The stake of IKASO comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
IVECA TECHNICSThe shares are held by SOFIE VERSTRAETE (48.9%), ISABEL VERSTRAETE (48.9%) and IKASO (2.2%).
Directors
According to the 2025 annual accounts
Director · represented by GEERT VERSTRAETE
Also active at: Algemene Electrische Ondernemingen Kamiel Verstraete en Zoon
since 2021 · until 2027
ARNAUD CORNILLE
Managing director
since 2016 · until 2027
ISABEL VERSTRAETE
Director
since 2017 · until 2027
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Watermolenstraat 5
9700 Oudenaarde
Ardooisesteenweg 250
8800 Roeselare
Active since 16 August 2016
Legeweg 2B
8490 Jabbeke
Active since 1 July 2013
Luikersteenweg 146
3800 Sint-Truiden
Active since 1 July 2013
Rue de l'Ile Dossai 2
5300 Andenne
Active since 11 May 2021
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0405.265.208
- VAT number
- BE 0405.265.208
- Registered office
- Watermolenstraat 5, 9700 Oudenaarde
- Names & denominations
- IVECA TECHNICS
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 16 August 1937
- Peppol
- Active · Active since 9 Dec 2025
- Activities · NACE
Elektrische installatie
Algemene elektrotechnische installatiewerken
Schilderen van gebouwen
Reparatie en onderhoud van civiele schepen
Bouw van civieltechnische werken voor elektriciteit en telecommunicatie
Aanleg van pijpleidingen, telecommunicatieleidingen en hoogspanningsleidingen
Schilderen
Bouw en reparatie van schepen