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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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Shrinking team NBB
FTE fell two years in a row, from 36.2 to 23.
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Figures corrected NBB
Corrected annual account filed for 2022.
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Busy address KBO
98 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
IDEAL STANDARD INTERNATIONAL from Zaventem, company number BE0891422179, closed financial year 2025 with a result of € -19.1 million after tax. For that financial year IDEAL STANDARD INTERNATIONAL recorded revenue of € 451.8 million and equity of € 133 million. Compared with financial year 2024, the result moved from € -75.4 million to € -19.1 million. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on August 31, 2026.
€ 133 million
▼ 13% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -19.1 million
▲ 75 % less loss than in 2024
Profit after tax over the fiscal year.
€ 33.4 million
▲ 206% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -19.1 million.
People and assets in 2025
23
▼ 5.7 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 11 million
▲ 76% vs 2024
€ 478,800 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.
€ 34,681
▼ 44% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 264.4 million
▲ 6% vs 2024
€ 5 million is repaid this year. At this pace the long-term loan is gone in ≈ 53 years.
€ 60.3 million
▼ 1% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 41 days on average.
€ 20.8 million
▲ € 16.4 million vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 521,324,411 | € 470,144,126 | € 442,476,677 | € 451,771,632 | ▲ 2% |
| Profit after taxes | € -108,102,201 | € -100,870,771 | € -75,380,373 | € -19,123,324 | ▲ € 56.3 million |
| Equity | € 44,360,041 | € 195,503,564 | € 152,123,191 | € 132,999,867 | ▼ 13% |
| Total debts | € 721,462,650 | € 545,055,111 | € 581,384,770 | € 696,153,483 | ▲ 20% |
| Cash | € 20,540,620 | € 37,698,593 | € 10,929,903 | € 33,444,880 | ▲ 206% |
| Retained profit | € -273,350,141 | € -374,220,912 | € -449,601,285 | € -19,123,324 | ▲ € 430.5 million |
| Bank debt | € 511,521,148 | € 273,243,157 | € 249,039,491 | € 264,380,134 | ▲ 6% |
| Balance sheet total | € 767,349,487 | € 741,889,445 | € 734,821,629 | € 830,367,870 | ▲ 13% |
| Employees (FTE) | 42.7 | 36.2 | 28.7 | 23 | ▼ 5.7 |
Key figures of IDEAL STANDARD INTERNATIONAL, 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 IDEAL STANDARD INTERNATIONAL?
What happened at IDEAL STANDARD INTERNATIONAL in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Michael Magenreuter stepped down as director. NBB
- Georg Lörz stepped down as director. NBB
- Jan Peter Tewes stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 19.1 million. filed late Source: NBB ↗
- Michael Magenreuter became a director. NBB
- Jan Peter Tewes became a director. NBB
- Georg Lörz became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 108.1 million loss in 2022 to € 19.1 million loss in 2025.
Paid € 17.4 million in corporate taxes since 2022.
Pays suppliers within 41 days on average.
A new publication or filing at IDEAL STANDARD INTERNATIONAL? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
It owns 100% of Jado Iberia Produtos Metarlurgicos, 100% of Ideal Standard Scandinavia ApS, 100% of AMERICAN STANDARD HOLDINGS (BC) JAPAN K.K., 100% of Ideal Standard Romenia S.R.L., 100% of IDEAL STANDARD HOLDINGS BC UK LTD and 100% of Ideal Standard Polska itself.
Directors
According to the 2025 annual accounts
Jan Peter Tewes
Director
since 2025 · until 2027
Georg Lörz
Managing director
since 2024 · until 2029
Michael Magenreuter
Director
since 2025 · until 2031
Establishments
Establishment units
Physical locations of this company
Da Vincilaan 2
1930 Zaventem
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 98 companies are registered at this address.
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What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0891.422.179
- VAT number
- BE 0891.422.179
- Registered office
- Da Vincilaan 2, 1930 Zaventem
- Names & denominations
- IDEAL STANDARD INTERNATIONAL
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 14 August 2007
- Peppol
- Active · Active since 5 Mar 2026
- Activities · NACE
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