Financials
Financial year 2025
Indovinya Belgium from Zaventem, company number BE0826888178, closed financial year 2025 with a result of € 2.6 million after tax. For that financial year Indovinya Belgium recorded revenue of € 73.2 million and equity of € 17.4 million. Compared with financial year 2024, the result moved from € -12,601 to € 2.6 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 July 6, 2026.
€ 17.4 million
▲ 18% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 2.6 million
▲ still € 12,601 loss in 2024
Profit after tax over the fiscal year.
€ 1.3 million
▼ 64% 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 € 2.8 million.
People and assets in 2025
10.6
▲ 4.8 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 3.1 million
▲ 166% vs 2024
€ 293,800 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.
€ 280,956
▲ 32% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 15.7 million
▲ 22% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 87 days on average.
€ 983,274
▲ € 876,391 vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | - | - | € 41,042,874 | € 73,179,831 | ▲ 78% |
| Profit after taxes | € 20,956 | € 62,010 | € -12,601 | € 2,644,198 | ▲ € 2.7 million |
| Equity | € 204,092 | € 266,102 | € 14,753,501 | € 17,397,700 | ▲ 18% |
| Total debts | € 192,789 | € 184,810 | € 12,957,344 | € 16,711,508 | ▲ 29% |
| Cash | € 333,339 | € 174,842 | € 3,675,560 | € 1,339,611 | ▼ 64% |
| Retained profit | € 85,135 | € 147,145 | € 134,544 | € 2,778,742 | ▲ € 2.6 million |
| Balance sheet total | € 396,881 | € 450,913 | € 27,710,846 | € 34,109,208 | ▲ 23% |
| Employees (FTE) | 5.3 | 6 | 5.8 | 10.6 | ▲ 4.8 |
By revenue, Indovinya Belgium ranks 1st of 8 companies with main activity “Groothandel in andere intermediaire producten, neg” in Flemish Brabant that publish figures (fiscal year 2025).
Key figures of Indovinya Belgium, 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.
Ask about Indovinya Belgium the way you would ask their accountant.
Answers from the filed annual accounts, the Belgian Official Gazette and the CBE register.
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What happened to Indovinya Belgium?
What happened at Indovinya Belgium in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Samir Rawal stepped down as director. NBB
- Kurt Koninckx stepped down as director. NBB
- Leonardo Guglielmi stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 2.6 million. Source: NBB ↗
- Samir Rawal became a director. NBB
- Stephen Thallemer stepped down as director. NBB
- Capital increase of € 14.5 million, published in the Gazette. Source: Staatsblad ↗
- Leonardo Guglielmi became a director. NBB
In short
From € 20,956 profit in 2022 to € 2.6 million profit in 2025.
Paid € 1.5 million in corporate taxes since 2022.
Best year ever: 2025, with € 2.6 million profit.
Pays suppliers within 87 days on average.
Management
The shares are held by Indorama Ventures Netherlands Oxides B.V. (100%).
Directors
According to the 2025 annual accounts
Samir Rawal
Director
since 2025 · until 2031
Stephen Thallemer
Director
since 2024 · until 2025
Kurt Koninckx
Director
since 2024 · until 2030
Leonardo Guglielmi
Director
since 2024 · until 2030
Shareholders
Indorama Ventures Netherlands Oxides B.V.
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Ikaroslaan 6
1930 Zaventem
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.
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Shareholders according to the Official Gazette deeds
Who contributed at incorporation and at capital increases, with the deed as source. Later share transfers are not published in the Gazette.
Incorporation
Source: Deed ↗- INDORAMA VENTURES PUBLIC COMPANY LTD(oprichter) 99.8%
- Aloke LOHIA(intekenaar) 0.2%
Details
- Company number
- 0826.888.178
- VAT number
- BE 0826.888.178
- Registered office
- Ikaroslaan 6, 1930 Zaventem
- Names & denominations
- Indovinya Belgium
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 23 June 2010
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Groothandel in andere intermediaire producten, neg
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