What does Inovéo do?

Inovéo is a farm in Ciney. Cooperative, started on 29 October 1987, 7 establishments.

What is the address of Inovéo?

The registered office of Inovéo is located at Chemin du Tersoit 32, 5590 Ciney.

Is Inovéo still active?

Yes. According to the CBE (30 October 2026) Inovéo is active, legal situation “Normale toestand”, started on 29 October 1987.

Is Inovéo registered on Peppol?

Yes, Inovéo is registered on the Peppol network with ID 0208:0434364317.

What is the enterprise number of Inovéo?

The enterprise number of Inovéo is BE0434364317.

When was Inovéo founded?

Inovéo was founded on 29 October 1987.

Is Inovéo a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 29 October 1987; 5 annual accounts filed, latest fiscal year 2025; 16 directors known from the annual account; 7 establishments in the CBE.

How much profit did Inovéo make in 2025?

Inovéo posted a profit after taxes of € 729,070 in financial year 2025.

What is the revenue of Inovéo?

In its most recent annual accounts (2025), Inovéo reported revenue of € 13,697,944.

How much does an employee at Inovéo earn?

The average wage cost per full-time employee at Inovéo was € 77,200 in 2025: staff costs of € 3.9 million for 50.8 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does Inovéo have?

According to the 2025 annual accounts, Inovéo has 50.8 full-time equivalents (FTE).

Inovéo (Cooperative) - Ciney - BE0434364317

Q: Who are the directors of Inovéo?

According to the 2025 annual accounts, the directors of Inovéo are: Didier GUSTIN, Philippe PIERARD, Emmanuel BOUTRY, Jonas PUSSEMIER, Rudi LECOMTE, Jean-Luc FRISON, Emmanuel LARUELLE , Jean-Marie Lentz.

Dossier Inovéo, printed on 30 October 2026 from databakkes.be/en/0434364317/inoveo. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Financials

Financial year 2025

Inovéo from Ciney, company number BE0434364317, closed financial year 2025 with a result of € 729,070 after tax. For that financial year Inovéo recorded revenue of € 13.7 million and equity of € 17.1 million. Compared with financial year 2024, the result moved from € 106,486 to € 729,070. 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 May 18, 2026.

What it is worth Growing

€ 17.1 million

▲ 4% vs 2024

Assets minus debts, by the books. What is left if everything were sold and paid today.

Profit Growing

€ 729,070

▲ € 622,584 vs 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 2.1 million

▲ 16% vs 2024

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Growing

Stays in the company

No dividend for 2025. Retained profit grew to € 11.8 million.

People and assets in 2025

Full-time equivalents

50.8

▲ 1.1 vs 2024

Average over the fiscal year, from the social balance sheet.

Wage cost Staff costs are payroll only. Director pay sits with services and miscellaneous goods: € 6.3 million in 2025, together with rent, insurance, accountants and other services. The accounts do not split that further.

€ 3.9 million

▲ 4% vs 2024

€ 77,200 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.

Vehicles and equipment

€ 197,047

▼ 9% vs 2024

Book value of vehicles, furniture and equipment.

Debts at end 2025

Bank debt

None

No bank loans on the last day of the fiscal year.

Owed to suppliers

€ 1.7 million

▲ 28% vs 2024

Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 62 days on average.

Taxes and wages

€ 781,313

▲ 10% vs 2024

Taxes, VAT and social contributions still to pay.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Revenue	€ 12,027,722 Revenue 2022: € 12,027,722 First fiscal year in the series	€ 12,736,850 Revenue 2023: € 12,736,850 ▲ 6% vs 2022 (€ 12,027,722) Favourable step	€ 12,409,506 Revenue 2024: € 12,409,506 ▼ 3% vs 2023 (€ 12,736,850) Unfavourable step	€ 13,697,944 Revenue 2025: € 13,697,944 ▲ 10% vs 2024 (€ 12,409,506) Favourable step	▲ 10%
Profit after taxes	€ 407,247 Profit after taxes 2022: € 407,247 First fiscal year in the series	€ 725,598 Profit after taxes 2023: € 725,598 ▲ 78% vs 2022 (€ 407,247) Favourable step	€ 106,486 Profit after taxes 2024: € 106,486 ▼ 85% vs 2023 (€ 725,598) Unfavourable step	€ 729,070 Profit after taxes 2025: € 729,070 ▲ € 622,584 vs 2024 (€ 106,486) Favourable step	▲ € 622,584
Equity	€ 15,838,560 Equity 2022: € 15,838,560 First fiscal year in the series	€ 16,396,961 Equity 2023: € 16,396,961 ▲ 4% vs 2022 (€ 15,838,560) Favourable step	€ 16,395,124 Equity 2024: € 16,395,124 Unchanged (€ 16,396,961) Unfavourable step	€ 17,074,746 Equity 2025: € 17,074,746 ▲ 4% vs 2024 (€ 16,395,124) Favourable step	▲ 4%
Total debts	€ 2,322,918 Total debts 2022: € 2,322,918 First fiscal year in the series	€ 2,637,689 Total debts 2023: € 2,637,689 ▲ 14% vs 2022 (€ 2,322,918) Unfavourable step	€ 2,066,573 Total debts 2024: € 2,066,573 ▼ 22% vs 2023 (€ 2,637,689) Favourable step	€ 2,461,065 Total debts 2025: € 2,461,065 ▲ 19% vs 2024 (€ 2,066,573) Unfavourable step	▲ 19%
Cash	€ 3,562,348 Cash 2022: € 3,562,348 First fiscal year in the series	€ 3,125,603 Cash 2023: € 3,125,603 ▼ 12% vs 2022 (€ 3,562,348) Unfavourable step	€ 1,816,639 Cash 2024: € 1,816,639 ▼ 42% vs 2023 (€ 3,125,603) Unfavourable step	€ 2,111,345 Cash 2025: € 2,111,345 ▲ 16% vs 2024 (€ 1,816,639) Favourable step	▲ 16%
Land & buildings	€ 2,349,269 Land & buildings 2022: € 2,349,269 First fiscal year in the series	€ 1,904,844 Land & buildings 2023: € 1,904,844 ▼ 19% vs 2022 (€ 2,349,269) Unchanged	€ 1,560,420 Land & buildings 2024: € 1,560,420 ▼ 18% vs 2023 (€ 1,904,844) Unchanged	€ 1,313,580 Land & buildings 2025: € 1,313,580 ▼ 16% vs 2024 (€ 1,560,420) Unchanged	▼ 16%
Retained profit	€ 15,476,507 Retained profit 2022: € 15,476,507 First fiscal year in the series	€ 10,945,642 Retained profit 2023: € 10,945,642 ▼ 29% vs 2022 (€ 15,476,507) Unfavourable step	€ 11,052,128 Retained profit 2024: € 11,052,128 ▲ 1% vs 2023 (€ 10,945,642) Favourable step	€ 11,781,197 Retained profit 2025: € 11,781,197 ▲ 7% vs 2024 (€ 11,052,128) Favourable step	▲ 7%
Balance sheet total	€ 18,625,837 Balance sheet total 2022: € 18,625,837 First fiscal year in the series	€ 19,491,391 Balance sheet total 2023: € 19,491,391 ▲ 5% vs 2022 (€ 18,625,837) Unchanged	€ 18,968,954 Balance sheet total 2024: € 18,968,954 ▼ 3% vs 2023 (€ 19,491,391) Unchanged	€ 20,070,782 Balance sheet total 2025: € 20,070,782 ▲ 6% vs 2024 (€ 18,968,954) Unchanged	▲ 6%
Employees (FTE)	51.4 Employees (FTE) 2022: 51.4 First fiscal year in the series	50.2 Employees (FTE) 2023: 50.2 ▼ 1.2 vs 2022 (51.4) Unchanged	49.7 Employees (FTE) 2024: 49.7 ▼ 0.5 vs 2023 (50.2) Unchanged	50.8 Employees (FTE) 2025: 50.8 ▲ 1.1 vs 2024 (49.7) Unchanged	▲ 1.1

Key figures of Inovéo, 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 Inovéo?

What happened at Inovéo in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

May 18, 2026 New annual accounts for financial year 2025: profit of € 729,070 (▲ € 622,584 vs 2024). Source: NBB ↗
2025 Jean-Marie Lentz became a director. NBB
2025 Nicolas POSCH stepped down as director. NBB
Jul 1, 2022 New establishment in Ath. KBO
May 17, 2022 New establishment in Gembloux. KBO
Oct 29, 1987 New establishment in Ciney. KBO
Oct 29, 1987 New establishment in Ciney. KBO
Oct 29, 1987 New establishment in Ciney. KBO

In short

From € 407,247 profit in 2022 to € 729,070 profit in 2025.

Best year ever: 2025, with € 729,070 profit.

Pays suppliers within 62 days on average.

Original PDFs at the National Bank ↗

Management

Didier GUSTIN

Philippe PIERARD

Emmanuel BOUTRY

Jonas PUSSEMIER

+11

Inovéo

Belgian Blue Group SCRL 66.6%

Behind Inovéo are Didier GUSTIN, Philippe PIERARD, Emmanuel BOUTRY, Jonas PUSSEMIER, Rudi LECOMTE and Jean-Luc FRISON. It owns 66.6% of Belgian Blue Group SCRL itself.

Directors

According to the 2025 annual accounts

Didier GUSTIN

Director

Also active at: Elevéo

Philippe PIERARD

Director

Also active at: Elevéo

Emmanuel BOUTRY

Director

Also active at: Elevéo

Jonas PUSSEMIER

Director

Also active at: Elevéo

Rudi LECOMTE

Director

Also active at: Elevéo

Jean-Luc FRISON

Director

Also active at: Elevéo

Emmanuel LARUELLE

Director

Also active at: CUMALA, Elevéo

Jean-Marie Lentz

Director

Also active at: Elevéo

since 2025

Jean-Marc VAN HEULE

Director

Also active at: Elevéo, BELGIAN BLUE GROUP

Philippe MELOTTE

Director

Also active at: Elevéo, BELGIAN BLUE GROUP

François DEBILDE

Director

Also active at: Elevéo

Vincent PARACHE

Director

Also active at: Elevéo, BELGIAN BLUE GROUP

Pierre LEDOUX

Chairman of the board

Also active at: EMPIBAGRI, Elevéo, BELGIAN BLUE GROUP, AWARDE ASBL

Stéphane PIERRARD

Director

Also active at: Elevéo

Raphaël WYLOCK

Director

Nicolas POSCH

Director

Also active at: Elevéo

· until 2025

Establishments

Establishment units

Physical locations of this company

Registered office

Chemin du Tersoit 32

5590 Ciney

2.143.454.134

Champs Elysées 18

5590 Ciney

Active since 29 October 1987

2.143.454.233

Champs Elysées 4

5590 Ciney

Active since 29 October 1987

2.143.454.431

Route d'Obourg 65

7000 Mons

Active since 29 October 1987

2.143.454.530

Chaussée de Bruxelles 416

1300 Wavre

Active since 29 October 1987

2.330.765.191

Chemin des Tuileries 115

7800 Ath

Active since 1 July 2022

2.331.214.658

Passage des Déportés 2

5030 Gembloux

Active since 17 May 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

0434.364.317

VAT number

BE 0434.364.317

Registered office

Chemin du Tersoit 32, 5590 Ciney

Names & denominations

Inovéo

Enterprise type

Rechtspersoon

Legal form

Cooperative company

Legal situation

Normale toestand

Start date

29 October 1987

Peppol

Active · Active since 17 Oct 2025

Activities · NACE

Ondersteunende activiteiten in verband met de veeteelt

Diensten in verband met de veeteelt, exclusief veterinaire dienstverlening

Fokken en houden van andere dieren

Fokken van andere dieren

View on CBE Public ↗ Annual accounts (NBB) ↗

Inovéo

Financials

What happened to Inovéo?

Management

Directors

Establishments

Establishment units

Details

Frequently asked questions