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IVC

Active
Private limited companyfounded 200422 yrs activeNijverheidslaan 29, 8580 Avelgem, BelgiumKBO/BCE: BE 0866.682.231
Summary

IVC has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €254.9m and a net result of €23.8m. Equity is shrinking by ~11.3% per year across the filed fiscal years. Its solvency ranks better than 90% of 188 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).

Checked score

Score 2025
Axes · tick = 2024
Profitability74▲+6
Solvency100=
Growth52▼-2
Track record100
Bankruptcy probability, 12 months
0.5% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000,000 at 30 days acceptable
Liquidity ample (current ratio 6.18 against 5.06 in 2024; short-term debt: 10.2% and cash: 0% of total assets), and 11.5% of the assets are financed with debt.
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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
88.5%
Return on assets
8.3%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 22
Relative position
BE, all sectors
reference
Manufacture of rubber and plastic products (NACE 22)
about 50% more bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Multiple establishment units
Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.
KBO · establishment units
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 22 years 0 30 y
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 02-07-2026, 29 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
29 d early
2024
31 d early
2023
30 d early
2022
4 d late
2021
24 d early
2020
11 d early
2019
22 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 20 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 34% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven months
Position in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 6 August 2004, IVC was incorporated, with a starting capital of EUR 2.3 million.12 The capital was increased 4 times between 2016 and 2020.345 Of the 7 current board members, PATTON Rodney David has served longest, since 2015.6

  1. 1Crossroads Bank for Enterprises
  2. 2Belgian State Gazette, 16-08-2004
  3. 3Belgian State Gazette, 22-01-2016
  4. 4Belgian State Gazette, 28-07-2017
  5. 5Belgian State Gazette, 16-12-2020
  6. 6Belgian State Gazette, 28-03-2024

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Financials · fiscal year 2025, full schema

Turnover
€349.8m▼ 10.0%
2024 · €388.8m
EBIT margin
7.0%▲ 3.3pp
2024 · 3.7%
Net result
€23.8m▲ 34.2%
2024 · €17.7m
Working capital
€151.5m▲ 2.5%
2024 · €147.9m
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 22, Manufacture of rubber and plastic products, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Turnover€386.3m▲ 13.1%€435.6m▲ 12.8%€401.0m▼ 7.9%€388.8m▼ 3.0%€349.8m▼ 10.0%
Operating result€2.8m-€35.1m-€289,586▲ 99.2%€14.6m€24.5m▲ 68.2%
Net result€130.1mabove the sector's middle half-€31.5mbelow the sector's middle half€3.0mabove the sector's middle half€17.7mabove the sector's middle half▲ 498%€23.8mabove the sector's middle half▲ 34.2%
EBIT margin0.7%▲ 4.2pp-8.1%▼ 8.8pp-0.1%▲ 8.0pp3.7%▲ 3.8pp7.0%▲ 3.3pp
Equity€269.9mabove the sector's middle half▼ 57.9%€237.4mabove the sector's middle half▼ 12.0%€239.5mabove the sector's middle half▲ 0.9%€257.2mabove the sector's middle half▲ 7.4%€254.9mabove the sector's middle half▼ 0.9%
Total assets€331.8mabove the sector's middle half▼ 87.1%€293.0mabove the sector's middle half▼ 11.7%€307.2mabove the sector's middle half▲ 4.9%€297.9mabove the sector's middle half▼ 3.0%€288.0mabove the sector's middle half▼ 3.3%
Debt€58.8m▼ 96.9%€52.2m▼ 11.3%€64.0m▲ 22.8%€37.2m▼ 41.9%€30.7m▼ 17.4%
Working capital€166.5m▲ 49.8%€128.4m▼ 22.9%€123.3m▼ 3.9%€147.9m▲ 19.9%€151.5m▲ 2.5%
Solvency81.3%above the sector's middle half▲ 56.3pp81.0%above the sector's middle half▼ 0.3pp78.0%above the sector's middle half▼ 3.1pp86.3%above the sector's middle half▲ 8.4pp88.5%above the sector's middle half▲ 2.2pp
Staff (FTE)823above the sector's middle half▲ 6.0%913.5above the sector's middle half▲ 11.0%837.3above the sector's middle half▼ 8.3%777.3above the sector's middle half▼ 7.2%678.3above the sector's middle half▼ 12.7%
above within below the middle half (P25 to P75) of NACE 22, Manufacture of rubber and plastic products, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
-€50.0m€0€50.0m€100.0m€150.0mOperating result 2021: €2.8m€2.8mNet result 2021: €130.1m€130.1mOperating result 2022: -€35.1m-€35.1mNet result 2022: -€31.5m-€31.5mOperating result 2023: -€289,586-€289,586Net result 2023: €3.0m€3.0mOperating result 2024: €14.6m€14.6mNet result 2024: €17.7m€17.7mOperating result 2025: €24.5m€24.5mNet result 2025: €23.8m€23.8m20212022202320242025-€10m€0€10m€20mOperating result 2023: -€289,586-€290,000Net result 2023: €3.0m€3mOperating result 2024: €14.6m€15mNet result 2024: €17.7m€18mOperating result 2025: €24.5m€25mNet result 2025: €23.8m€24m202320242025
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 68% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €288.0m
Fixed assets €107.2m ▼ 5.6%
Current assets €180.8m ▼ 1.9%
Equity and liabilities €288.0m
Equity €254.9m ▼ 0.9%
Provisions €2.4m ▼ 31.7%
Debt €30.7m ▼ 17.4%
Debt's share of the balance-sheet total falls from 12.5% to 10.7%. Equity and debt are lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€39.3m▲
2024 · €31.0m
Cash flow
€38.6m▲
2024 · €34.2m
Current ratio
6.18▲
2024 · 5.06
Quick ratio
4.70▲
2024 · 3.18
Debt to equity
0.12▼
2024 · 0.14
ROE
9.3%▲
2024 · 6.9%
ROA
8.3%▲
2024 · 6.0%
Interest coverage
684.76▲
2024 · 634.75
Debt ≤ 1 year
€29.3m▼
2024 · €36.4m
Debt > 1 year
€15,314▼
2024 · €39,786
Income taxes
€2.1m▲
2024 · €1.6m
Staff costs
€48.3m▼
2024 · €53.4m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 344 companies that looked in July 2024 the way this one looks now, 0% went bankrupt within 24 months and 98% are still going.

  • Large
  • 20 years or older
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0% went bankrupt
2.3% stopped otherwise
98% still going

For this company itself Checked computes a bankruptcy probability of 0.5% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.6%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 344 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 86 lines
Balance sheet Code20242025
Assets
Total assets20/58€297.9m€288.0m▼
Fixed assets21/28€113.6m€107.2m▼
Intangible fixed assets21€1.6m€679,885▼
Tangible fixed assets22/27€111.8m€106.3m▼
Land and buildings22€39.2m€37.7m▼
Plant, machinery and equipment23€65.2m€62.4m▼
Furniture and vehicles24€567,364€443,305▼
Leasing and similar rights25€60,941€37,822▼
Assets under construction and advance payments27€6.7m€5.6m▼
Financial fixed assets28€270,919€269,919▼
Affiliated companies280/1€235,066€234,066▼
Participating interests280€235,066€234,066▼
Other financial fixed assets284/8€35,853€35,853=
Amounts receivable and cash guarantees285/8€35,853€35,853=
Current assets29/58€184.2m€180.8m▼
Amounts receivable after more than one year29€3.7m€7.1m▲
Other amounts receivable291€3.7m€7.1m▲
Stocks and contracts in progress3€68.7m€43.3m▼
Stocks30/36€68.7m€43.3m▼
Raw materials and consumables30/31€23.8m€23.9m▲
Work in progress32€9.1m€7.9m▼
Finished goods33€34.8m€11.4m▼
Goods purchased for resale34€923,672€70,345▼
Amounts receivable within one year40/41€110.0m€127.8m▲
Trade receivables40€43.7m€37.2m▼
Other amounts receivable41€66.2m€90.6m▲
Cash at bank and in hand54/58€6,593€22,782▲
Deferred charges and accrued income490/1€1.9m€2.6m▲
Equity and liabilities
Total equity and liabilities10/49€297.9m€288.0m▼
Equity10/15€257.2m€254.9m▼
Contributions10/11€108.6m€97.6m▼
Reserves13€0-
Tax-exempt reserves132€0-
Profit (loss) carried forward14€147.9m€156.7m▲
Investment grants15€670,027€591,316▼
Provisions and deferred taxes16€3.5m€2.4m▼
Provisions for liabilities and charges160/5€3.5m€2.4m▼
Other liabilities and charges164/5€3.5m€2.4m▼
Amounts payable17/49€37.2m€30.7m▼
Amounts payable after more than one year17€39,786€15,314▼
Financial debts170/4€39,786€15,314▼
Leasing and similar obligations172€39,786€15,314▼
Amounts payable within one year42/48€36.4m€29.3m▼
Current portion of amounts payable after more than one year42€23,415€24,473▲
Trade debts44€26.1m€17.5m▼
Suppliers440/4€26.1m€17.5m▼
Advances received on contracts in progress46€251,959€235,225▼
Taxes, remuneration and social security45€10.0m€11.5m▲
Taxes450/3€3,576€2.5m▲
Remuneration and social security454/9€10.0m€9.0m▼
Other amounts payable47/48€8,152€44▼
Accrued charges and deferred income492/3€785,652€1.5m▲
Income statement Code20242025
Operating income70/76A€391.5m€351.7m▼
Turnover70€388.8m€349.8m▼
Change in stocks of work in progress, finished goods and contracts in progress71-€5.1m-€4.6m▲
Other operating income74€7.7m€6.5m▼
Non-recurring operating income76A€39,056-
Operating charges60/66A€376.9m€327.2m▼
Goods for resale, raw materials and consumables60€202.8m€188.9m▼
Purchases600/8€209.0m€189.2m▼
Change in stocks: decrease (increase)609-€6.2m-€363,505▲
Services and other goods61€97.5m€72.4m▼
Remuneration, social security and pensions62€53.4m€48.3m▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16.5m€14.8m▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€5.4m€1.1m▼
Provisions for liabilities and charges: additions (uses and reversals)635/8-€275,045€200,000▲
Other operating charges640/8€1.7m€1.5m▼
Operating profit (loss)9901€14.6m€24.5m▲
Financial income75/76B€7.6m€4.8m▼
Recurring financial income75€7.6m€4.8m▼
Income from financial fixed assets750€55€84▲
Income from current assets751€2.7m€1.3m▼
Other financial income752/9€4.9m€3.5m▼
Financial charges65/66B€2.8m€3.3m▲
Recurring financial charges65€2.8m€3.3m▲
Debt charges650€48,902€57,347▲
Other financial charges652/9€2.7m€3.3m▲
Profit (loss) for the period before taxes9903€19.4m€25.9m▲
Income taxes67/77€1.6m€2.1m▲
Taxes670/3€1.6m€2.1m▲
Profit (loss) for the period9904€17.7m€23.8m▲
Transfer from tax-exempt reserves789€674,844€0▼
Profit (loss) for the period to be appropriated9905€18.4m€23.8m▲
Appropriation of the result
Profit (loss) to be appropriated9906€147.9m€156.7m▲
Profit (loss) brought forward from the previous period14P€129.5m€132.8m▲
Social balance
Average headcount (FTE)9087777.3678.3▼

The notes to these accounts (83 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Operating income70/76A€415.8m€461.5m€402.1m€391.5m€351.7m▼ 10.2%
Turnover70€386.3m€435.6m€401.0m€388.8m€349.8m▼ 10.0%
Change in stocks of work in progress, finished goods and contracts in progress71€20.8m€15.2m-€7.2m-€5.1m-€4.6m▲ 8.8%
Other operating income74€8.8m€10.7m€8.3m€7.7m€6.5m▼ 16.4%
Non-recurring operating income76A--€8,700€39,056--
Operating charges60/66A€413.0m€496.6m€402.4m€376.9m€327.2m▼ 13.2%
Goods for resale, raw materials and consumables60€227.3m€278.5m€224.3m€202.8m€188.9m▼ 6.9%
Purchases600/8€223.7m€287.1m€219.9m€209.0m€189.2m▼ 9.5%
Change in stocks: decrease (increase)609€3.6m-€8.6m€4.4m-€6.2m-€363,505▲ 94.1%
Services and other goods61€97.2m€128.2m€102.5m€97.5m€72.4m▼ 25.7%
Remuneration, social security and pensions62€53.4m€64.5m€52.8m€53.4m€48.3m▼ 9.5%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€37.3m€22.0m€19.6m€16.5m€14.8m▼ 10.4%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€3.1m€2.9m€2.0m€5.4m€1.1m▼ 79.7%
Provisions for liabilities and charges: additions (uses and reversals)635/8€50,000€150,000€275,045-€275,045€200,000▲ 173%
Other operating charges640/8€866,180€406,850€902,324€1.7m€1.5m▼ 15.3%
Non-recurring operating charges66A--€50,131---
Operating profit (loss)9901€2.8m-€35.1m-€289,586€14.6m€24.5m▲ 68.2%
Financial income75/76B€162.4m€9.5m€6.9m€7.6m€4.8m▼ 37.3%
Recurring financial income75€7.4m€9.5m€6.9m€7.6m€4.8m▼ 37.3%
Income from financial fixed assets750€29€34€50€55€84▲ 52.0%
Income from current assets751€11,619€215,280€1.6m€2.7m€1.3m▼ 53.3%
Other financial income752/9€7.3m€9.3m€5.2m€4.9m€3.5m▼ 28.6%
Non-recurring financial income76B€155.0m-----
Financial charges65/66B€35.1m€5.9m€3.5m€2.8m€3.3m▲ 19.6%
Recurring financial charges65€35.1m€5.9m€3.5m€2.8m€3.3m▲ 19.6%
Debt charges650€31.7m€54,569€66,534€48,902€57,347▲ 17.3%
Other financial charges652/9€3.4m€5.8m€3.4m€2.7m€3.3m▲ 19.7%
Profit (loss) for the period before taxes9903€130.1m-€31.5m€3.1m€19.4m€25.9m▲ 33.9%
Income taxes67/77€23,308€37,774€148,995€1.6m€2.1m▲ 30.2%
Taxes670/3€23,308€37,774€148,995€1.6m€2.1m▲ 30.2%
Tax adjustments and reversals of tax provisions77€0-----
Profit (loss) for the period9904€130.1m-€31.5m€3.0m€17.7m€23.8m▲ 34.2%
Transfer from tax-exempt reserves789---€674,844€0▼ 100%
Profit (loss) for the period to be appropriated9905€130.1m-€31.5m€3.0m€18.4m€23.8m▲ 29.3%
Line20212022202320242025Change
Assets
Total assets20/58€331.8m€293.0m€307.2m€297.9m€288.0m▼ 3.3%
Fixed assets21/28€108.4m€117.2m€121.3m€113.6m€107.2m▼ 5.6%
Intangible fixed assets21€2.5m€1.9m€2.3m€1.6m€679,885▼ 56.4%
Tangible fixed assets22/27€105.7m€115.0m€118.8m€111.8m€106.3m▼ 4.9%
Land and buildings22€33.6m€31.2m€40.6m€39.2m€37.7m▼ 3.8%
Plant, machinery and equipment23€39.4m€57.8m€63.1m€65.2m€62.4m▼ 4.3%
Furniture and vehicles24€4.1m€2.8m€1.3m€567,364€443,305▼ 21.9%
Leasing and similar rights25-€58,852€84,059€60,941€37,822▼ 37.9%
Assets under construction and advance payments27€28.5m€23.2m€13.7m€6.7m€5.6m▼ 16.7%
Financial fixed assets28€271,609€271,609€271,609€270,919€269,919▼ 0.4%
Affiliated companies280/1€235,066€235,066€235,066€235,066€234,066▼ 0.4%
Participating interests280€235,066€235,066€235,066€235,066€234,066▼ 0.4%
Other financial fixed assets284/8€36,543€36,543€36,543€35,853€35,853=
Amounts receivable and cash guarantees285/8€36,543€36,543€36,543€35,853€35,853=
Current assets29/58€223.5m€175.8m€185.9m€184.2m€180.8m▼ 1.9%
Amounts receivable after more than one year29---€3.7m€7.1m▲ 92.3%
Other amounts receivable291---€3.7m€7.1m▲ 92.3%
Stocks and contracts in progress3€65.3m€86.2m€72.6m€68.7m€43.3m▼ 37.0%
Stocks30/36€65.3m€86.2m€72.6m€68.7m€43.3m▼ 37.0%
Raw materials and consumables30/31€13.9m€21.8m€18.4m€23.8m€23.9m▲ 0.4%
Work in progress32€10.2m€11.3m€11.3m€9.1m€7.9m▼ 13.3%
Finished goods33€38.9m€51.1m€42.1m€34.8m€11.4m▼ 67.3%
Goods purchased for resale34€2.3m€1.9m€894,751€923,672€70,345▼ 92.4%
Amounts receivable within one year40/41€157.7m€89.0m€112.6m€110.0m€127.8m▲ 16.2%
Trade receivables40€46.6m€53.1m€51.7m€43.7m€37.2m▼ 14.9%
Other amounts receivable41€111.2m€35.9m€60.9m€66.2m€90.6m▲ 36.7%
Cash at bank and in hand54/58€21,330€93,972€32,361€6,593€22,782▲ 246%
Deferred charges and accrued income490/1€419,957€493,997€580,915€1.9m€2.6m▲ 37.7%
Equity and liabilities
Total equity and liabilities10/49€331.8m€293.0m€307.2m€297.9m€288.0m▼ 3.3%
Equity10/15€269.9m€237.4m€239.5m€257.2m€254.9m▼ 0.9%
Contributions10/11€108.6m€108.6m€108.6m€108.6m€97.6m▼ 10.1%
Reserves13€674,844€674,844€674,844€0--
Tax-exempt reserves132€674,844€674,844€674,844€0--
Profit (loss) carried forward14€158.0m€126.5m€129.5m€147.9m€156.7m▲ 5.9%
Investment grants15€2.6m€1.7m€760,322€670,027€591,316▼ 11.7%
Provisions and deferred taxes16€3.2m€3.4m€3.6m€3.5m€2.4m▼ 31.7%
Provisions for liabilities and charges160/5€3.2m€3.4m€3.6m€3.5m€2.4m▼ 31.7%
Other liabilities and charges164/5€3.2m€3.4m€3.6m€3.5m€2.4m▼ 31.7%
Amounts payable17/49€58.8m€52.2m€64.0m€37.2m€30.7m▼ 17.4%
Amounts payable after more than one year17-€85,608€63,202€39,786€15,314▼ 61.5%
Financial debts170/4-€85,608€63,202€39,786€15,314▼ 61.5%
Leasing and similar obligations172-€85,608€63,202€39,786€15,314▼ 61.5%
Amounts payable within one year42/48€56.9m€47.4m€62.6m€36.4m€29.3m▼ 19.6%
Current portion of amounts payable after more than one year42-€21,442€22,406€23,415€24,473▲ 4.5%
Trade debts44€44.8m€34.7m€39.2m€26.1m€17.5m▼ 32.8%
Suppliers440/4€44.8m€34.7m€39.2m€26.1m€17.5m▼ 32.8%
Advances received on contracts in progress46€169,706€432,182€565,775€251,959€235,225▼ 6.6%
Taxes, remuneration and social security45€11.9m€12.3m€22.8m€10.0m€11.5m▲ 14.4%
Taxes450/3€1.6m€1.3m€12.2m€3,576€2.5m▲ 70,283%
Remuneration and social security454/9€10.3m€11.0m€10.6m€10.0m€9.0m▼ 10.6%
Other amounts payable47/48€1,572€1,528€2,139€8,152€44▼ 99.5%
Accrued charges and deferred income492/3€1.8m€4.7m€1.4m€785,652€1.5m▲ 85.8%
Line20212022202320242025Change
Profit (loss) for the period9904€130.1m-€31.5m€3.0m€17.7m€23.8m▲ 34.2%
+ Depreciation and write-downs630€37.3m€22.0m€19.6m€16.5m€14.8m▼ 10.4%
Operating cash flow (approximation)€167.4m-€9.5m€22.6m€34.2m€38.6m▲ 12.8%
Investment in fixed assets (approximation)--€30.8m-€23.8m-€8.8m-€8.4m▲ 4.6%
Change in cash-€72,642-€61,611-€25,768€16,188▲ 163%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
02-07
NBB filing Annual accounts filed
fiscal year 2025 · full schema
25-02
State Gazette act Appointment: Hoveco Management BV (director)
Permanent representatives: Veronique Hoflack, Wim Messiaen and Sven De Smet · Resignation: CAMAT BV (class B director)9 facts ▸
  • General meeting, 26/01/2026
  • Director appointment, Hoveco Management BV (director)
  • Permanent representative, Veronique Hoflack
  • Board meeting, 09/02/2026
  • Director appointment, Hoveco Management BV (managing director)
  • General meeting, 09/02/2026
  • Director resignation, CAMAT BV (class B director)
  • Permanent representative, Wim Messiaen
  • Permanent representative, Sven De Smet
2025
19-11
State Gazette act Resignation: RUDEMA BV (class B director and managing director)
Permanent representatives: Ruben Desmet, Wim Messiaen and Sven De Smet4 facts ▸
  • Director resignation, RUDEMA BV (class B director and managing director)
  • Permanent representative, Ruben Desmet
  • Permanent representative, Wim Messiaen
  • Permanent representative, Sven De Smet
30-06
NBB filing Annual accounts filed
fiscal year 2024 · full schema
25-02
State Gazette act Capital & shares · Restructuring
Demerger · Accounting effect · Net-asset statement4 facts ▸
  • General meeting, 23 december 2024
  • Demerger, 1 januari 2025
  • Accounting effect, 1 januari 2025
  • Net-asset statement, 31 augustus 2024
2024
31-12
Financial Equity above €250mEq €257.2m ▲7.4%
2 profitable years in a row build equity to €257.2m.
22-11
State Gazette act Restructuring
Demerger · Accounting effect · Power of attorney6 facts ▸
  • Board meeting, 04/11/2024
  • Board meeting, 04/11/2024
  • Demerger, partiële splitsing door overneming, LVT- (Modular) en Carpet tiles divisies van IVC, met uitzondering van de productie gerelateerde activiteiten
  • Accounting effect, 01/01/2025
  • Power of attorney, Deloitte Legal-Lawyers BV
  • Power of attorney, Deloitte Legal-Lawyers BV
22-10
State Gazette act Appointment: KPMG Bedrijfsrevisoren BV (statutory auditor)
Permanent representative: Herwig Carmans · Power of attorney6 facts ▸
  • General meeting, 28/06/2024
  • Auditor appointment, KPMG Bedrijfsrevisoren BV (statutory auditor)
  • Permanent representative, Herwig Carmans
  • Power of attorney, Stephanie Verbeke
  • Power of attorney, Annelies Van Huffel
  • Power of attorney, Astrid Declercq
01-07
NBB filing Annual accounts filed
fiscal year 2023 · full schema
28-03
State Gazette act Resignation: Bernard Thiers Comm.V. (class B director)
Permanent representatives: Bernard Thiers, Wim Messiaen and 2 others · Appointments: CAMAT BV, Rodney David Patton and 2 others10 facts ▸
  • Director resignation, Bernard Thiers Comm.V. (class B director)
  • Permanent representative, Bernard Thiers
  • Director appointment, CAMAT BV (class B director)
  • Permanent representative, Wim Messiaen
  • Director appointment, Rodney David Patton (class A director)
  • Director appointment, RUDEMA BV (class B director)
  • Director appointment, RUDEMA BV (managing director)
  • Permanent representative, Ruben Desmet
  • Director appointment, SDS Manco BV (class B director)
  • Permanent representative, Sven De Smet
2023
31-12
Financial Back to profitnet €3.0m
Net result €3.0m after one loss-making year.
04-08
NBB filing Annual accounts filed
fiscal year 2022 · full schema · 4 days late
Show earlier events
2022
11-07
State Gazette act Resignations: Heath Road BV (class B director) and Sven Ameye Comm.V. (class B director)
Appointment: RUDEMA BV (class B director) · Permanent representatives: Johan Deburchgrave, Sven Ameye and 3 others · Power of attorney15 facts ▸
  • General meeting, 29/03/2022
  • Director resignation, Heath Road BV (class B director)
  • Director resignation, Sven Ameye Comm.V. (class B director)
  • Director appointment, RUDEMA BV (class B director)
  • Permanent representative, Johan Deburchgrave
  • Permanent representative, Sven Ameye
  • Permanent representative, Ruben Desmet
  • Permanent representative, Bernard Thiers
  • Permanent representative, Sven De Smet
  • Board meeting, 13/04/2022
  • Director resignation, Heath Road BV (managing director)
  • Director appointment, RUDEMA BV (managing director)
  • +3 further facts in this act
07-07
NBB filing Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial Back to profitnet €130.1m
Net result €130.1m after 2 loss-making years.
16-08
State Gazette act Appointment: KPMG Bedrijfsrevisoren BV (statutory auditor)
Permanent representative: Joachim Hoebeeck · Power of attorney7 facts ▸
  • General meeting, 25/06/2021
  • Auditor appointment, KPMG Bedrijfsrevisoren BV (statutory auditor)
  • Permanent representative, Joachim Hoebeeck
  • Power of attorney, Stephanie Verbeke
  • Power of attorney, Catherine Reekmans
  • Power of attorney, Inge Wargee
  • Power of attorney, Astrid Declercq
20-07
NBB filing Annual accounts filed
fiscal year 2020 · full schema
18-05
State Gazette act Resignation: Coral & Wallace (class B director)
Appointments: SDS Manco, Bernard Thiers Comm. V. and HEATH ROAD · Permanent representatives: Jan Vergote, Sven De Smet and 2 others11 facts ▸
  • Director resignation, Coral & Wallace (class B director)
  • Director appointment, SDS Manco (class B director)
  • Director appointment, Bernard Thiers Comm. V. (class B director)
  • Director appointment, HEATH ROAD (class B director)
  • Permanent representative, Jan Vergote
  • Permanent representative, Sven De Smet
  • Permanent representative, Bernard Thiers
  • Permanent representative, Johan Deburchgrave
  • Board meeting, 25-03-2021
  • Director resignation, Coral & Wallace (managing director)
  • Director appointment, HEATH ROAD (managing director)
2020
31-12
Financial Liquidity quadruplescurrent ratio 2.78
Current ratio from 0.63 to 2.78; short-term debt falls from €165.6m to €62.4m.
31-12
Financial Equity above €500mEq €641.7m ▲29%
Equity rises from €497.4m to €641.7m.
16-12
State Gazette act Miscellaneous
Capital increase · Capital3 facts ▸
  • Board meeting, 14/09/2020
  • Capital increase, €155.000.000
  • Capital
19-11
State Gazette act Capital & shares · Statutes amendment · Restructuring
Demerger · Accounting effect · Capital decrease6 facts ▸
  • General meeting, 30/10/2020
  • Demerger, functionele departement dat vinyl vloeren ontwikkelt
  • Accounting effect, 01/01/2020
  • Capital decrease, €327.000
  • Power of attorney, Monard Law
  • Capital increase, €200
02-10
State Gazette act Permanent representatives: Mike Boonen and Joachim Hoebeeck
2 facts ▸
  • Permanent representative, Mike Boonen
  • Permanent representative, Joachim Hoebeeck
25-09
State Gazette act Restructuring
Demerger · Share issue · Capital increase10 facts ▸
  • Board meeting, 14 september 2020
  • Board meeting, 14 september 2020
  • Demerger
  • Share issue, 2, EUR 326.800
  • Capital increase, €200
  • Accounting effect, 1 januari 2020
  • Power of attorney, Pieter Van den Broeck
  • Book value, 327.000 EUR
  • Capital
  • Capital
28-07
State Gazette act Appointments: Coral & Wallace BV (managing director) and Sven Ameye Comm.V. (class B director)
Permanent representatives: Jan Vergote and Sven Ameye · Resignation: Sven Ameye (class B director) · Power of attorney14 facts ▸
  • Board meeting, 26/05/2020
  • Director appointment, Coral & Wallace BV (managing director)
  • Permanent representative, Jan Vergote
  • Power of attorney, Stephanie Verbeke
  • Power of attorney, Inge Wargée
  • Power of attorney, Astrid Declercq
  • General meeting, 26/06/2020
  • Director resignation, Sven Ameye (class B director)
  • Director appointment, Sven Ameye Comm.V. (class B director)
  • Permanent representative, Sven Ameye
  • Power of attorney, Stephanie Verbeke
  • Power of attorney, Thomas Van De Ginste
  • +2 further facts in this act
09-07
NBB filing Annual accounts filed
fiscal year 2019 · full schema
08-01
State Gazette act Appointments: PATTON Rodney David, AMEYE Sven and CORAL & WALLACE BVBA
Permanent representative: VERGOTE Jan · Legal-form conversion · Statutes amendment11 facts ▸
  • General meeting, 19/12/2019
  • Legal-form conversion, besloten vennootschap met beperkte aansprakelijkheid
  • Statutes amendment
  • Capital
  • Director appointment, PATTON Rodney David (director)
  • Director appointment, AMEYE Sven (director)
  • Director appointment, CORAL & WALLACE BVBA (director)
  • Permanent representative, VERGOTE Jan
  • Power of attorney, Stephanie Verbeke
  • Power of attorney, Thomas Van De Ginste
  • Power of attorney, Astrid Declercq
2019
31-12
Financial Weakest financial yearnet -€60.5m
Net result drops to -€60.5m, the lowest in the series; recovery starts the following year.
18-07
NBB filing Annual accounts filed
fiscal year 2018 · full schema
25-02
State Gazette act Resignation: Karel Verlinde (a zaakvoerder)
Appointment: Sven Ameye (a zaakvoerder)3 facts ▸
  • General meeting, 06/12/2018
  • Director resignation, Karel Verlinde (a zaakvoerder)
  • Director appointment, Sven Ameye (a zaakvoerder)
2018
20-11
State Gazette act Resignation: Andrew John Forbes Berry (a zaakvoerder)
Appointments: Karel Verlinde (manager) and KPMG Bedrijfsrevisoren Burg. CVBA (statutory auditor) · Permanent representatives: Mike Boonen and Jan Vergote6 facts ▸
  • General meeting, 22 juni 2018
  • Director resignation, Andrew John Forbes Berry (a zaakvoerder)
  • Director appointment, Karel Verlinde (manager)
  • Auditor appointment, KPMG Bedrijfsrevisoren Burg. CVBA (statutory auditor)
  • Permanent representative, Mike Boonen
  • Permanent representative, Jan Vergote
10-07
NBB filing Annual accounts filed
fiscal year 2017 · full schema
2017
28-07
State Gazette act Capital & shares · Restructuring
Appointment: KPMG Bedrijfsrevisoren (company auditor) · Capital increase · Share issue6 facts ▸
  • Capital increase, €17.688.351,57
  • Share issue, aandelen van de vennootschap IVC BVBA, zonder vermelding van nominale waarde
  • Accounting effect, 01/01/2017
  • Power of attorney, Anja Martens
  • Power of attorney, Thomas Van De Ginste
  • Auditor appointment, KPMG Bedrijfsrevisoren (company auditor)
10-07
NBB filing Annual accounts filed
fiscal year 2016 · full schema
12-06
State Gazette act Restructuring
Permanent representative: Jan Vergote · Appointments: Coral & Wallace BVBA, Cornelis Martinus Verhaaren and 4 others · Merger21 facts ▸
  • Merger, inbreng van een bedrijfstak
  • Permanent representative, Jan Vergote
  • Director appointment, Coral & Wallace BVBA (manager)
  • Director appointment, Cornelis Martinus Verhaaren (manager)
  • Director appointment, John Kleynhans (manager)
  • Director appointment, Andrew Kright (manager)
  • Director appointment, Andrew Berry (manager)
  • Director appointment, Coral & Wallace BVBA (manager)
  • Director appointment, Rodney D. Patton (manager)
  • Director appointment, Andrew Berry (manager)
  • Accounting effect, 01/01/2017
  • Share issue, 7010, inbreng van de bedrijfstak
  • +9 further facts in this act
01-06
State Gazette act Permanent representatives: Mike Boonen and Luc Verrijssen
2 facts ▸
  • Permanent representative, Mike Boonen
  • Permanent representative, Luc Verrijssen
2016
03-02
State Gazette act Resignation: Brooser BE Operations BVBA (a zaakvoerder)
Permanent representative: Bart Van den Eede · Appointment: Andrew John Forbes Berry (a zaakvoerder) · Director discharge6 facts ▸
  • General meeting, 10/12/2015
  • Director resignation, Brooser BE Operations BVBA (a zaakvoerder)
  • Permanent representative, Bart Van den Eede
  • Director discharge, Brooser BE Operations BVBA (a zaakvoerder)
  • Director appointment, Andrew John Forbes Berry (a zaakvoerder)
  • Mandate compensation, Andrew John Forbes Berry
22-01
State Gazette act Capital & shares · Statutes amendment
Capital increase · Bank account · Capital7 facts ▸
  • General meeting, 03/12/2015
  • Capital increase, €325.000.000
  • Bank account, Bank of America N.A. te Antwerpen, BE03 6858 1670 2884
  • Capital, €333.126.599,61
  • Power of attorney, Francis Vlegels
  • Power of attorney, zaakvoerders
  • Statutes amendment
2015
10-11
State Gazette act Resignations: Coral & Wallace, Brooser BE Operations and PATTON Rodney David
Appointments: Coral & Wallace, Brooser BE Operations and PATTON Rodney David · Permanent representatives: Jan Vergote and Bart Van den Eede · Legal-form conversion17 facts ▸
  • General meeting, 21/09/2015
  • Legal-form conversion, besloten vennootschap met beperkte aansprakelijkheid
  • Purpose change, Het verwerven van participaties in eender welke vorm in alle bestaande of op te richten rechtspersonen en vennootschappen, het stimuleren, de planning, de coörd…
  • Capital, €8.126.599,61
  • Net-asset statement, 31/07/2015
  • Director resignation, Coral & Wallace (class A director)
  • Director resignation, Brooser BE Operations (class A director)
  • Director resignation, PATTON Rodney David (class B director)
  • Director appointment, Coral & Wallace (a zaakvoerder)
  • Director appointment, Brooser BE Operations (a zaakvoerder)
  • Director appointment, PATTON Rodney David (b zaakvoerder)
  • Permanent representative, Jan Vergote
  • +5 further facts in this act
05-11
State Gazette act Resignations: Filiep Balcaen, Didier Ysenbaert and 3 others
Appointments: Coral & Wallace BVBA, Brooser BE Operations BVBA and David R. Patton · Permanent representatives: Jan Vergote, Bart Van den Eede and Marc Ooms · Director discharge18 facts ▸
  • General meeting, 12-06-2015
  • Director resignation, Filiep Balcaen (director)
  • Director resignation, Didier Ysenbaert (director)
  • Director resignation, Bonem BVBA (director)
  • Director resignation, Herman Paridaens (director)
  • Director resignation, Philippe Vlerick (director)
  • Director discharge, Filiep Balcaen
  • Director discharge, Didier Ysenbaert
  • Director discharge, Bonem BVBA
  • Director discharge, Herman Paridaens
  • Director discharge, Philippe Vlerick
  • Director appointment, Coral & Wallace BVBA (class A director)
  • +6 further facts in this act
02-10
State Gazette act Appointments: Ernst & Young, Lippens & Rabaey Audit BV CVBA (statutory auditor) and KPMG Bedrijfsrevisoren Burg. CVBA (statutory auditor)
Permanent representative: Luc Verrijssen · Power of attorney5 facts ▸
  • General meeting, 11/09/2015
  • Auditor appointment, Ernst & Young, Lippens & Rabaey Audit BV CVBA
  • Auditor appointment, KPMG Bedrijfsrevisoren Burg. CVBA (statutory auditor)
  • Permanent representative, Luc Verrijssen
  • Power of attorney, Julie Vanermen
2014
13-02
State Gazette act Appointment: Brooser BE Operations BVBA (director)
Permanent representatives: Bart Van den Eede and Marleen Mannekens · Resignation: Stefaan Rabaey (vaste vertegenwoordiger van de commissaris) · Power of attorney6 facts ▸
  • General meeting, 24/01/2014
  • Director appointment, Brooser BE Operations BVBA (director)
  • Permanent representative, Bart Van den Eede
  • Director resignation, Stefaan Rabaey (vaste vertegenwoordiger van de commissaris)
  • Permanent representative, Marleen Mannekens
  • Power of attorney, Anja Martens
03-02
State Gazette act Appointments: Ernst & Young Lippens & Rabaey Audit BV CVBA (statutory auditor) and Jari Vergote (director)
Permanent representative: Stefaan Rabaey4 facts ▸
  • General meeting, 17/05/2013
  • Auditor appointment, Ernst & Young Lippens & Rabaey Audit BV CVBA (statutory auditor)
  • Permanent representative, Stefaan Rabaey
  • Director appointment, Jari Vergote (director)
2013
19-07
State Gazette act Capital & shares
Statutes amendment · Power of attorney3 facts ▸
  • General meeting, 13/06/2013
  • Statutes amendment
  • Power of attorney, Juno Hautekiet
08-03
State Gazette act Capital & shares
Change of control2 facts ▸
  • General meeting, 17/01/2013
  • Change of control, wijziging van controle
22-01
State Gazette act Resignation: Filiep Balcaen (managing director)
Appointments: Coral & Wallace (managing director) and Filiep Balcaen (chair of the board)4 facts ▸
  • Board meeting, 09/11/2010
  • Director resignation, Filiep Balcaen (managing director)
  • Director appointment, Coral & Wallace (managing director)
  • Director appointment, Filiep Balcaen (chair of the board)
2012
28-11
State Gazette act Resignations: BVBA 53TWELVE (director) and Ame Hautekeete (permanent representative)
Permanent representative: Ame Hautekeete4 facts ▸
  • Board meeting, 26/10/2012
  • Director resignation, BVBA 53TWELVE (director)
  • Permanent representative, Ame Hautekeete
  • Director resignation, Ame Hautekeete (permanent representative)
2010
25-11
State Gazette act Resignation: Decaluwé Dirk (director)
Appointment: Hautekeete Arne (class B director) · Permanent representatives: Hautekeete Arne Ernst and Vergote Jan · Statutes amendment7 facts ▸
  • General meeting, 10/11/2010
  • Statutes amendment
  • Director resignation, Decaluwé Dirk (director)
  • Director appointment, Hautekeete Arne (class B director)
  • Permanent representative, Hautekeete Arne Ernst
  • Power of attorney, Ysenbaert Didier
  • Permanent representative, Vergote Jan
09-09
State Gazette act Reappointments: Filiep Balcaen, Coral & Wallace and 5 others
Permanent representatives: Jan Vergote, Marc Ooms and Stefaan Rabaey · Appointment: Trant Thornton, Lippens & Rabaey CVBA (statutory auditor)12 facts ▸
  • General meeting, 23/06/2010
  • Director reappointment, Filiep Balcaen (director)
  • Director reappointment, Coral & Wallace (director)
  • Permanent representative, Jan Vergote
  • Director reappointment, Herman Paridaens (director)
  • Director reappointment, Didier Ysenbaert (director)
  • Director reappointment, Philippe Vlerick (director)
  • Director reappointment, Dirk Decaluwé (director)
  • Director reappointment, Ooms Marc (director)
  • Permanent representative, Marc Ooms
  • Auditor appointment, Trant Thornton, Lippens & Rabaey CVBA (statutory auditor)
  • Permanent representative, Stefaan Rabaey
2009
27-04
State Gazette act Resignation: IVC (director)
Power of attorney · Capital decrease · Statutes amendment8 facts ▸
  • Power of attorney, raad van bestuur
  • Capital decrease
  • Director resignation, IVC
  • Statutes amendment
  • Prior publication, 2009-03-12/0036851
  • Power-of-attorney condition, maximumtermijn van vijf jaar, 5 years
  • Power-of-attorney condition, 100,00 € tot 400,00 € per aandeel, EUR
  • Power-of-attorney condition, volledig valgestorte aandelen
2005
11-07
State Gazette act Capital & shares · Statutes amendment
Share issue4 facts ▸
  • General meeting, 27/06/2005
  • Share issue, uitgifte van aandelenoptieplan aan bestuurders, kaderleden, werknemers en zelfstandige consulenten
  • Statutes amendment
  • Statutes amendment
2004
16-08
State Gazette act Incorporation
Appointments: Filiep Balcaen, Jan Debrouwere and 5 others · Permanent representatives: Marc Ooms and Stefaan Rabaey · Merger20 facts ▸
  • Incorporation, 28/07/2004
  • Merger, partial split contribution
  • Merger, mixed split contribution
  • Founding capital, €2.264.378
  • Director appointment, Filiep Balcaen (director)
  • Director appointment, Jan Debrouwere (director)
  • Director appointment, Dirk Decaluwé (director)
  • Director appointment, Ooms Marc (director)
  • Permanent representative, Marc Ooms
  • Director appointment, Jean Reuter (director)
  • Director appointment, Bernard Ewen (director)
  • Mandate compensation, Filiep Balcaen
  • +8 further facts in this act
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.An act published in both Dutch and French appears here once.
38 of 38 acts read

Directors · office · real estate

Directors
7 directors, 2 in day-to-day management, no change since 2026

Board 7

PATTON Rodney David
Class A director · since 10-11-2015
Current
BERNARD THIERS
Class B director · since 02-03-2021 · Limited partnership · perm. rep.: Bernard Thiers
Current
HEATH ROAD
Class B director · since 02-03-2021 · Private limited company · perm. rep.: Johan Deburchgrave
Current
SDS Manco
Class B director · since 02-03-2021 · Private limited company · perm. rep.: Sven De Smet
Current
CAMAT BV
Class B director · since 01-02-2024 · Legal entity · perm. rep.: Wim Messiaen
Current
SDS Manco BV
Class B director · since 01-02-2024 · Legal entity · perm. rep.: Sven De Smet
Current
HOVECO MANAGEMENT
Director · since 01-02-2026 · Private limited company · perm. rep.: Veronique Hoflack
Current
16 not recently confirmed
Still in office according to the acts, but no act of the last six years confirms the mandate. It has often ended since, in an act we have not read.
Bernard Ewen
Director · since 28-07-2004
Not recently confirmed
BONEM BEHEER
Director · since 28-07-2004 · Private limited company
Not recently confirmed
Jan Debrouwere
Director · since 28-07-2004
Not recently confirmed
Jean Reuter
Director · since 28-07-2004
Not recently confirmed
Jari Vergote
Director · since 17-05-2013
Not recently confirmed
Brooser BE Operations BVBA
Class A director · since 12-06-2015 · Legal entity · perm. rep.: Bart Van den Eede
Not recently confirmed
CORAL & WALLACE BVBA
Director · since 12-06-2015 · Legal entity · perm. rep.: VERGOTE Jan
Not recently confirmed
David R. Patton
Class B director · since 12-06-2015
Not recently confirmed
Andrew Berry
Manager · since 12-06-2017
Not recently confirmed
Andrew Kright
Manager · since 12-06-2017
Not recently confirmed
Cornelis Martinus Verhaaren
Manager · since 12-06-2017
Not recently confirmed
John Kleynhans
Manager · since 12-06-2017
Not recently confirmed
Rodney D. Patton
Manager · since 12-06-2017
Not recently confirmed
SVEN AMEYE
Class B director · since 28-07-2020 · Limited partnership · perm. rep.: Sven Ameye
Not recently confirmed
Coral & Wallace
Director · Legal entity · perm. rep.: Jan Vergote
Not recently confirmed
Ooms Marc
Director · Legal entity
Not recently confirmed

Day-to-day management 2

HEATH ROAD
Managing director · since 25-03-2021 · Private limited company · perm. rep.: Johan Deburchgrave
Current
HOVECO MANAGEMENT
Managing director · since 01-02-2026 · Private limited company · perm. rep.: Veronique Hoflack
Current
1 not recently confirmed
Still in office according to the acts, but no act of the last six years confirms the mandate. It has often ended since, in an act we have not read.
Coral & Wallace
Managing director · since 22-01-2013 · Legal entity · perm. rep.: Jan Vergote
Not recently confirmed

Permanent representatives 5

Bernard Thiers
Permanent representative · since 02-03-2021 · for BERNARD THIERS
Current
Johan Deburchgrave
Permanent representative · since 02-03-2021 · for HEATH ROAD
Current
Sven De Smet
Permanent representative · since 01-02-2024 · for SDS Manco BV
Current
Wim Messiaen
Permanent representative · since 01-02-2024 · for CAMAT BV
Current
Veronique Hoflack
Permanent representative · since 01-02-2026 · for HOVECO MANAGEMENT
Current
3 not recently confirmed
Still in office according to the acts, but no act of the last six years confirms the mandate. It has often ended since, in an act we have not read.
Bart Van den Eede
Permanent representative · since 12-06-2015 · for Brooser BE Operations BVBA
Not recently confirmed
VERGOTE Jan
Permanent representative · since 12-06-2015 · for CORAL & WALLACE BVBA
Not recently confirmed
Sven Ameye
Permanent representative · since 28-07-2020 · for SVEN AMEYE
Not recently confirmed

Statutory auditor 1

KPMG Bedrijfsrevisoren BV
Statutory auditor · since 02-10-2015 · perm. rep.: Herwig Carmans
Current
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Avelgem · 2 establishment units since 2004
seat establishment All 2 establishment units on the map
Ground area
6.4 ha
Building footprint
3.3 ha
Volume, LiDAR
267,085 m³
2 parcels, Flanders, Wallonia · tallest building 17.7 m, ±3 floors. Linked by address, not a title deed.
5 companies at this address See who is registered here
2 establishment units
IVC
Nijverheidslaan 29, 8580 AvelgemNACE 2523003
since 20042.138.794.570
IVC
Industriëlaan 97, 7700 MouscronManufacture of rubber and plastic products
since 20162.264.353.647
2 parcels
Flanders 1 (50%) Wallonia 1 (50%)
Parcel (capakey) Region Area Buildings Height / fl.
34003B1190/00S000 Flanders 5.0 ha 1 · 2.7 ha 17.7 m · 3 fl.
54007B0310/00G000 Wallonia 1.4 ha 1 · 5,777 m² 9.8 m · 3 fl.
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Mandate history

44 people since 2004, 24 in office
Show
  • Board
  • Day-to-day management
  • Permanent representative
  • Statutory auditor
  • not recently confirmed
  • began earlier
Mandates per person, with start and end dates
Name Functions and periods
PATTON Rodney David
  • Class B director, until 10-11-2015
  • B zaakvoerder, from 10-11-2015 to date
BERNARD THIERS
  • Class B director, from 02-03-2021 to date
HEATH ROAD
  • Class B director, from 02-03-2021 to date
  • Managing director, from 25-03-2021 to date
SDS Manco
  • Class B director, from 02-03-2021 to date
CAMAT BV
  • Class B director, from 01-02-2024 to date
SDS Manco BV
  • Class B director, from 01-02-2024 to date
HOVECO MANAGEMENT
  • Director, from 01-02-2026 to date
  • Managing director, from 01-02-2026 to date
KPMG Bedrijfsrevisoren BV
  • Statutory auditor, from 02-10-2015 to date
Bernard Ewen
  • Director, from 28-07-2004 not ended, last confirmed 16-08-2004
BONEM BEHEER
  • Director, from 28-07-2004 not ended, last confirmed 16-08-2004
Jan Debrouwere
  • Director, from 28-07-2004 not ended, last confirmed 16-08-2004
Jean Reuter
  • Director, from 28-07-2004 not ended, last confirmed 16-08-2004
Coral & Wallace
  • Director, already before 09-09-2010 not ended, last confirmed 09-09-2010
  • Managing director, from 22-01-2013 not ended, last confirmed 22-01-2013
Ooms Marc
  • Director, already before 09-09-2010 not ended, last confirmed 09-09-2010
Jari Vergote
  • Director, from 17-05-2013 not ended, last confirmed 03-02-2014
Brooser BE Operations BVBA
  • Class A director, from 12-06-2015 not ended, last confirmed 05-11-2015
CORAL & WALLACE BVBA
  • Class A director, from 12-06-2015 not ended, last confirmed 08-01-2020
David R. Patton
  • Class B director, from 12-06-2015 not ended, last confirmed 05-11-2015
Andrew Berry
  • Manager, from 12-06-2017 not ended, last confirmed 12-06-2017
Andrew Kright
  • Manager, from 12-06-2017 not ended, last confirmed 12-06-2017
Cornelis Martinus Verhaaren
  • Manager, from 12-06-2017 not ended, last confirmed 12-06-2017
John Kleynhans
  • Manager, from 12-06-2017 not ended, last confirmed 12-06-2017
Rodney D. Patton
  • Manager, from 12-06-2017 not ended, last confirmed 12-06-2017
SVEN AMEYE
  • Class B director, from 28-07-2020 not ended, last confirmed 28-07-2020
CAMAT
  • Class B director, until 05-02-2026
RUDEMA BV
  • Class B director, from 29-03-2022 to 31-10-2025
  • Managing director, from 13-04-2022 to 31-10-2025
Comm. V. Bernard Thiers
  • Class B director, until 01-02-2024
Heath Road BV
  • Class B director, until 29-03-2022
  • Managing director, until 13-04-2022
Sven Ameye Comm.V.
  • Class B director, until 29-03-2022
CORAL & WALLACE
  • Class A director, until 10-11-2015
  • A zaakvoerder, from 10-11-2015 to 02-03-2021
  • Managing director, from 28-07-2020 to 25-03-2021
Sven Ameye
  • A zaakvoerder, from 01-01-2019 to 28-07-2020
Karel Verlinde
  • Manager, from 20-11-2018 to 01-01-2019
Andrew John Forbes Berry
  • A zaakvoerder, from 10-12-2015 to 20-11-2018
Ernst & Young, Lippens & Rabaey Audit BV CVBA
  • Auditor, from 02-10-2015 to 02-10-2015
Trant Thornton, Lippens & Rabaey CVBA
  • Statutory auditor, from 09-09-2010 to 02-10-2015
Bonem BVBA
  • Director, until 12-06-2015
Didier Ysenbaert
  • Director, already before 09-09-2010 to 12-06-2015
Filiep (gezegd Filip) Marie Angèle Gaston Joseph BALCAEN
  • Director, from 28-07-2004 to 12-06-2015
  • Chair of the board, from 22-01-2013 ended, last mentioned 22-01-2013
  • Managing director, until 22-01-2013
Herman Paridaens
  • Director, already before 09-09-2010 to 12-06-2015
Philippe Vlerick
  • Director, already before 09-09-2010 to 12-06-2015
Stefaan Rabaey
  • Vaste vertegenwoordiger van de commissaris, until 13-02-2014
53TWELVE
  • Class B director, from 25-11-2010 to 26-10-2012
Dirk Decaluwé
  • Director, from 28-07-2004 to 25-11-2010
BVCV Grant Thornton, Lippens & Rabaey
  • Statutory auditor, from 16-08-2004 to 09-09-2010
See the board, name and seat on a given date →

Articles of association

Purpose
L'objet de la société est, tant en Belgique qu'à l'étranger, pour son propre compte ou pour le compte de tiers, ou par la participation de tiers, toutes prestations et actions qui…
Full purpose

L'objet de la société est, tant en Belgique qu'à l'étranger, pour son propre compte ou pour le compte de tiers, ou par la participation de tiers, toutes prestations et actions qui se rapportent directement ou indirectement à et/ou sont en lien avec: -la conception, le développement, la production, la transformation, la commercialisation et la vente de tous les tapis, revêtements de sol, revêtements muraux, de toit et d'isolation, de produits d'intérieur, d'aménagement intérieur (y compris, entre autres, des meubles, des décorations, des panneaux, des accessoires), de textiles, de fils, ainsi que des produits connexes ou des produits pour (l'installation de) ces produits, fabriqués à partir de matériaux naturels et synthétiques(comme le vinyle, le linoléum, etc.), ainsi que le commerce' et la commercialisation de ces produits et accessoires antérieurs via Internet (e-commerce) et tout ce qui s'y rapporte directement ou indirectement. -La production, l'achat, la commercialisation et/ou la transformation ultérieure de toutes matières premières, produits semi-finis et/ou matériaux dans le cadre de ces services et opérations. - L'achat, la fabrication, le stockage et le traitement de produits chimiques et autres en vue ou dans le cadre des services et actions susmentionnés. -Le stockage de marchandises, la gestion d'entrepôts, la gestion logistique et/ou l'expédition de marchandises, les activités de transport en général (par voie terrestre ou maritime, y compris les activités de stockage et de transbordement et l'expédition de marchandises et de conteneurs), le transport à domicile et à l'étranger, pour son propre compte et pour le compte de tiers, et toutes les activités connexes. -La fourniture de formations professionnelles visant le développement des compétences professionnelles des personnes et le soutien de professionnels tels que, entre autres, les distributeurs et les installateurs des produits en question. -L'obtention et la commercialisation de tous droits (d'énergie ou d'origine) (sous n'importe quel régime juridique), tels que, mais sans s'y limiter, (i) les quotas de l'Union Européenne, (ii) les réductions certifiées d'émissions, (iii) les garanties d'origine et/ou (iv) les certificats d'énergie verte. -L'organisation, la participation à, la promotion de et/ou la gestion d'événements tels que, mais sans s'y limiter, des expositions, des foires commerciales, des congrès, des conférences et des séminaires. -L'exploitation d'installations (d'épuration de l'eau et de traitement des eaux usées) et la production d'énergie verte, sous toutes formes, y compris, mais sans s'y limiter, l'électricité, la chaleur et/ou la vapeur. -L'achat, la vente, le développement, la conception et la fabrication d'équipements industriels ou de pièces de machines, de toutes machines et métiers à tisser, la conception et le dessin de motifs, la fabrication de cartons, ainsi que toutes opérations industrielles, commerciales et financières, mobilières et immobilières, la représentation, les commissions, qui promeuvent directement ou indirectement l'objet ou l'extension de celles-ci. -La préparation, la filature, le tissage, la fabrication, la teinture, l'ennoblissement, I'habillage, la plastification et la confection de toutes fibres, tissus, produits textiles, revêtements de sols, revetements muraux et produits isolants, sous toutes formes, en sous-traitance ou en contrat principal. L'achat, la vente, l'importation, l'exportation, le traitement et la transformation de ceux-ci, ainsi que de toutes matières premières textiles et vinyles. -L'exécution de tous les services qui sont directement ou indirectement liés à ces activités (y compris, mais sans s'y limiter, l'installation des produits susmentionnés). -La commercialisation et/ou la traitement de flux de produits et de déchets, recyclables ou non, y compris l'acquisition de ces produits et la vente de ces produits. -La société peut, en Belgique ou à l'étranger, réaliser toutes opérations industrielles, commerciales et financières qui se rapportent directement ou indirectement à son objet ou qui pourrait faciliter, directement ou indirectement, en tout ou partie, la réalisation de cet objet ou à étendre ou promouvoir son activité. -Elle peut acquérir tous biens meubles et immeubles' même s'ils ne sont pas en rapport direct ou indirect avec l'objet social. Elle peut procéder à l'établissement, au développement et/ou la gestion des biens mobiliers et immobiliers; toutes les opérations portant sur des biens meubles ou immeubles et les droits sur des biens immeubles ou mobiliers, ainsi que toutes les actions qui se rapportent directement ou indirectement et qui ont pour objet de promouvoir le rendement des biens meubles ou immeubles ainsi qu'à garantir la bonne exécution des obligations contractées par des tiers qui bénéficieraient de ces biens meubles et immeubles. -Elle peut accorder des prêts et des facilités de crédit à toutes sociétés ou particuliers, sous n'importe quelle forme; Dans ce contexte, elle peut également se porter garante et accorder des sûretés, au sens le plus large, y compris des hypothèques. -Elle peut, par quelque moyen que ce soit, acquérir des participations dans toutes associations, entreprises ou sociétés qui poursuivent le même objectif, similaire ou connexe ou qui peuvent promouvoir ses activités ou faciliter la vente de ses produits ou services. -Elle peut exercer les fonctions d'administrateur ou de liquidateur dans d'autres sociétés. - L'acquisition de participations sous quelque forme que ce soit dans toutes personnes morales et sociétés existantes ou à créer, encourager, planifier, coordonner, développer et investir dans des personnes morales et des sociétés dans lesquelles elle peut ou non avoir une participation. -La fourniture des conseils de nature financière, technique, commerciale et/ou administrative, au sens le plus large, directement ou indirectement dans les domaines de l'administration et des finances, des ventes, de la production et de la gestion générale et la fourniture de services de gestion, informatiques et de conseil, à des tiers ou pour le compte de tiers, y compris au bénéfice de sociétés affiliées. -Le développement, le maintien, l'amélioration, l'achat, la vente, la concession de licences ou la cession de tous droits de propriété intellectuelle et des actifs immatériels, y compris des brevets, des droits d'auteur, des droits logiciels et/ou du savoir-faire. -La médiation commerciale en général et en particulier les activités de commissionnaires, de courtiers en bourse de marchandises et de tous autres intermédiaires agissant au nom et pour le compte de tiers. -La recherche, le développement, la fabrication et/ou la commercialisation de nouveaux produits, de logiciels, de nouvelles formes de technologie et leurs applications. -La société ne peut en aucun cas fournir des conseils en gestion de patrimoine ou en investissement tels que vísés dans les lois et arrêtés royaux relatifs aux transactions financières et aux produits financiers et à la gestion de patrimoine et aux conseils en investissements. -La société' n'exercera aucune activité nécessitant un permis sans avait obtenu au préalable ce permis..

Structure & network

Part of the group MOHAWK INDUSTRIES, INC. 8 companies Group, risk and exposure

Owners and holdings

2 owners · 3 holdings

Chain of control

  1. UNILIN 100%
  2. IVC

Highest known parent: UNILIN. The sources do not say who stands above it.

Owners 2

Holdings 3

  • IVC France SARLFRsubsidiary
    Equity €1.1mResult €138,014
    100%
  • IVC Group LtdGBsubsidiary
    Equity GBP 6.7mResult GBP 669,000
    100%
  • Unilin Flooring Deutschland GmbHDEsubsidiary
    Equity €4.3mResult €118,361
    100%

According to the 2025 annual accounts of IVC and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

39 connected companies
Linked via shared directors
Aartselaar Logistics
Shared director
→
BALTA INDUSTRIES
Shared director
→
BALTISSE
Shared director
→
Show 35 more companies with a shared director
Baltisse Real Estate
Shared director
→
BESIX Group
Shared director
→
ETEX
Shared director
→
EXMAR
Shared director
→
FAGRON
Shared director
→
Fedustria
Shared director
→
GRADA INTERNATIONAL
Shared director
→
IVC Green Power
Shared director
→
JOVETI
Shared director
→
KBC ASSURANCES
Shared director
→
KBC Bank
Shared director
→
KBC Global Services
Shared director
→
KBC Groupe
Shared director
→
LAPIDEX
Shared director
→
MEDIAHUIS
Shared director
→
Mediahuis Partners
Shared director
→
Oxurion
Shared director
→
Pardia
Shared director
→
PENTAHOLD
Shared director
→
RESIDENTIE DE VLAMME
Shared director
→
Smartphoto group
Shared director
→
SVEN AMEYE
Shared director
→
Thunder Holdco BE
Shared director
→
→
VLERICK RESEARCH
Shared director
→
WOMBAT
Shared director
→
World of Talents
Shared director
→
B.I.G. FLOORCOVERINGS
Shared corporate director
→
BARCO
Shared corporate director
→
BEAULIEU INTERNATIONAL GROUP
Shared corporate director
→
Mohawk International Services
Shared corporate director
→
The Workwear Group
Shared corporate director
→
Unilin Resins
Shared corporate director
→

Acquisitions and mergers

6 transactions
Received a branch of activity from:International Flooring Systems S.à.r.l.
proposal · State Gazette act of 12-06-2017
Received in a demerger part of:BALTA INDUSTRIES
partial demerger · State Gazette act of 16-08-2004
Received in a demerger part of:FIPROMOB
State Gazette act of 16-08-2004
Split off to:UNILIN
BE 0405.414.072partial demerger · State Gazette act of 25-02-2025 (4 acts) · effective 01-01-2025
Split off to:FLOORING INDUSTRIES LIMITED S.A R.L.
State Gazette act of 19-11-2020
Split off to:FLOORING INDUSTRIES LIMITED S.A.R.L.
proposal · State Gazette act of 25-09-2020

Capital and shareholders

Shareholders according to the acts
After the capital increase act of 22-01-2016 ↗
  • International Flooring Systems S.à.r.l.

The Belgian State Gazette names shareholders only when an act mentions them; the share register itself is not published.

Capital over the years
  1. 16-12-2020 Capital increase of 155,000,000 EUR · 180,694 new shares · in cash
  2. 19-11-2020 Capital reduction of 327,000 EUR · Afboeking andere balansposten
  3. 08-01-2020 Capital stated in the act · 579,875 shares
  4. 28-07-2017 Capital increase of 17,688,351.57 EUR · to 350,814,951.18 EUR · in kind
  5. 12-06-2017 Capital increase of 17,688,351.57 EUR
  6. 22-01-2016 Capital increase of 325,000,000 EUR · to 333,126,599.61 EUR · no new shares · in cash
  7. 10-11-2015 Capital stated in the act · 8,126,599.61 EUR · 572,865 shares
  8. 16-08-2004 Incorporation · 2,264,378 EUR

Public money · subsidies and aid

Flemish government

2022 to 2025 · 5 entries · 542,443 EUR awarded · 241,862 EUR paid
Year Entries awardedpaid
2025 2 506,610 EUR206,029 EUR
2024 1 9,308 EUR9,308 EUR
2023 1 23,117 EUR23,117 EUR
2022 1 3,408 EUR3,408 EUR
Schemes
1 entry · 499,581 EUR · 199,000 EUR paid · Fonds voor Innoveren en Ondernemen
4 entries · 42,862 EUR · 42,862 EUR paid · Departement Werk en Sociale Economie

European research

1 project · 23,435 EUR EU contribution
Programmes
1 entry · 23,435 EUR
Projects
New products from waste PVC flooring and safe end-of-life treatment of plasticisers
Horizon 2020 · third party · 01-06-2019 to 31-08-2024 · 23,435 EUR · CIRCULAR FLOORING

Recognitions · licences · registrations

Food safety, FASFC

1 site · 1 with a smiley
Avelgem2.138.794.570
1 permission · smiley 2028NL00749 valid until 21-01-2029
Toelating · Andere grootkeuken (bereiding - distributie maaltijden) · since 01-08-2025

Legal Entity Identifier

549300KICHG3V026Y017
live in the LEI register

Similar companies · same sector, comparable size

Of 629 companies in sector 22240 we hold annual accounts for 360. 8 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded06-08-2004
Fiscal year end31-12
Activities, NACEBEL 2025
13930Manufacture of textiles
22240Manufacture of rubber and plastic products
47811Retail sale of cars and light vans (up to 3.5 tonnes)
Contact
E-mail info@ivcgroup.comAvelgem
Phone 056653211Avelgem
Fax 056653229Avelgem
E-invoicing
Reachable via Peppol
Peppol ID 0208:0866682231
Also 9925:BE0866682231

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.