Financials
Financial year 2025
INDUSTRIAL ORGANIC FUEL from Gistel, company number BE0896068578, closed financial year 2025 with a result of € 762,320 after tax. For that financial year INDUSTRIAL ORGANIC FUEL recorded a gross margin of € 1.7 million and equity of € 3.4 million. Compared with financial year 2024, the result moved from € 1 million to € 762,320. 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 October 30, 2025.
€ 3.4 million
▲ 29% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 762,320
▼ 24% vs 2024
Profit after tax over the fiscal year.
€ 2.2 million
▲ 33% 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 € 3.4 million.
People and assets in 2025
5
▲ 1.2 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 409,378
▼ 37% vs 2024
€ 81,900 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.
€ 321,544
▼ 27% 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.
€ 1.4 million
▼ 38% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 56,096
▼ 8% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|
| Gross margin | € 1,205,165 | € 2,373,387 | € 1,691,370 | ▼ 29% |
| Profit after taxes | € 85,051 | € 1,001,318 | € 762,320 | ▼ 24% |
| Equity | € 1,600,701 | € 2,602,020 | € 3,364,340 | ▲ 29% |
| Total debts | € 1,935,491 | € 2,695,839 | € 1,935,691 | ▼ 28% |
| Cash | € 1,284,292 | € 1,682,670 | € 2,240,394 | ▲ 33% |
| Land & buildings | - | € 90,742 | € 80,080 | ▼ 12% |
| Retained profit | € 1,588,301 | € 2,589,620 | € 3,351,940 | ▲ 29% |
| Bank debt | € 33,766 | € 7,120 | € 0 | ▼ 100% |
| Balance sheet total | € 3,536,224 | € 5,297,859 | € 5,300,031 | |
| Employees (FTE) | 5 | 3.8 | 5 | ▲ 1.2 |
By gross margin, INDUSTRIAL ORGANIC FUEL ranks 1st of 9 companies with main activity “Groothandel in afval en schroot, neg” in West Flanders that publish figures (fiscal year 2025).
Key figures of INDUSTRIAL ORGANIC FUEL, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2026 has not been filed yet; it was expected before 31 October 2026.
Ask about INDUSTRIAL ORGANIC FUEL 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 INDUSTRIAL ORGANIC FUEL?
What happened at INDUSTRIAL ORGANIC FUEL in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 762,320 (▼ 24% vs 2024). Source: NBB ↗
- New establishment in Wervik. KBO
- New establishment in Gistel. KBO
- Incorporation, published in the Gazette. Source: Staatsblad ↗
In short
From € 85,051 profit in 2022 to € 762,320 profit in 2025.
Paid € 606,554 in corporate taxes since 2022.
Best year ever: 2024, with € 1 million profit.
On average € 338,300 of value added per employee in 2025.
Management
Behind INDUSTRIAL ORGANIC FUEL is Vanessa De Vinck. Vanessa De Vinck is also behind Victor Depoortere - Seynaeve, Vandewiele Recycling, IOFEED and HOUTMOLEN.
Directors
According to the 2025 annual accounts
Vanessa De Vinck
Director
Also active at: Victor Depoortere - Seynaeve, Vandewiele Recycling, IOFEED, HOUTMOLEN
Establishments
Establishment units
Physical locations of this company
Rochesterlaan 5
8470 Gistel
Laagweg 96
8940 Wervik
Active since 1 January 2010
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 4 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.
Similar companies in West Flanders
Same main activity (Groothandel in afval en schroot, neg), 10 active companies in West Flanders, largest first.
€ 874,623 gross margin · 2025 · Moorslede
€ 782,124 gross margin · 2025 · Poperinge
€ 491,697 gross margin · 2026 · Tielt
€ 477,362 gross margin · 2025 · Zedelgem
€ 189,927 gross margin · 2025 · Harelbeke
€ 122,991 gross margin · 2025 · Houthulst
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 ↗- De Vinck, Vanessa Els(oprichter) 100%
Details
- Company number
- 0896.068.578
- VAT number
- BE 0896.068.578
- Registered office
- Rochesterlaan 5, 8470 Gistel
- Names & denominations
- INDUSTRIAL ORGANIC FUEL · IOF
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 22 February 2008
- Peppol
- Active · Active since 27 Mar 2026
- Activities · NACE
Groothandel in afval en schroot, neg
Terugwinning van materialen uit afval
Groothandel in afval en schroot, n.e.g.
Sorteren van ongevaarlijk afval
Andere afvalverwijdering
Inzameling van ongevaarlijk afval
Terugwinning van inerte afvalstoffen
Overige verwerking en verwijdering van ongevaarlijk afval