Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 1 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
Financials
Financial year 2025
IVACO from Ichtegem, company number BE0458317278, closed financial year 2025 with a result of € -234,679 after tax. For that financial year IVACO recorded a gross margin of € -47,618 and equity of € -20,310. Compared with financial year 2024, the result moved from € -295,410 to € -234,679. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 31, 2026.
€ -20,310
▼ € 234,679 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -234,679
▲ 21 % less loss than in 2024
Profit after tax over the fiscal year.
€ 89,137
▼ 37% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -830,310.
People and assets in 2025
€ 2,894
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 645,630
▼ 3% vs 2024
€ 37,000 is repaid this year. At this pace the long-term loan is gone in ≈ 17 years.
€ 111,075
▼ 28% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 16,001
▼ 2% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 251,274 | € 126,436 | € -23,643 | € -47,618 | ▼ € 23,975 |
| Profit after taxes | € -111,397 | € -252,843 | € -295,410 | € -234,679 | ▲ € 60,730 |
| Equity | € 762,622 | € 509,779 | € 214,369 | € -20,310 | ▼ € 234,679 |
| Total debts | € 928,448 | € 934,652 | € 1,315,117 | € 1,253,800 | ▼ 5% |
| Cash | € 141,032 | € 80,103 | € 141,747 | € 89,137 | ▼ 37% |
| Land & buildings | € 641,820 | € 421,846 | € 287,296 | € 283,041 | ▼ 1% |
| Retained profit | € -47,378 | € -300,221 | € -595,631 | € -830,310 | ▼ € 234,679 |
| Bank debt | € 458,196 | € 475,942 | € 663,804 | € 645,630 | ▼ 3% |
| Balance sheet total | € 1,691,070 | € 1,444,431 | € 1,529,486 | € 1,233,489 | ▼ 19% |
Key figures of IVACO, 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 IVACO?
What happened at IVACO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 234,679. Source: NBB ↗
- Carine Decloedt became a director. NBB
- New establishment in Gistel. KBO
- New establishment in Ichtegem. KBO
- Start of the company according to the CBE. KBO
In short
From € 111,397 loss in 2022 to € 234,679 loss in 2025.
Paid € 532 in corporate taxes since 2022.
Management
Behind IVACO is Carine Decloedt. Carine Decloedt is also behind DEVANO, PORKYFOK and INNOVA MANURE.
Directors
According to the 2025 annual accounts
since 2014
Establishments
Establishment units
Physical locations of this company
Kriekestraat(EER) 68
8480 Ichtegem
Bazelaar 1
8470 Gistel
Active since 1 January 2013
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0458.317.278
- VAT number
- BE 0458.317.278
- Registered office
- Kriekestraat(EER) 68, 8480 Ichtegem
- Names & denominations
- IVACO
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 18 July 1996
- Peppol
- Active · Active since 23 Dec 2025
- Activities · NACE
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