IVEB
ActiveSummary
IVEB has been active since 2001 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.1m and a net result of €139,191. Equity is growing by about 39% per year across the filed financial years. Its solvency ranks better than 58% of 255 sector peers (NACE 38, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
- Equity
- €1.1m
- Profit
- €139,191
- Parent
- BIO - NOORD · 99.93%
- Board
- 13 members
- Davy HensChair
Why 96raises riskSector: Waste collection, recovery and disposal activities (NACE 38)lowers riskSize: total assets €2.6mFigures for financial year 2025 (filed 05-06-2026)Founded in 2001Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 38, small): better than 57% on solvency, 80% on liquidity, 69% on profitability and 71% on growth.
The bankruptcy probability was computed on 24-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 25 days before the deadline; the sector median (NACE 38) for financial year 2024 is 8 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · abbreviated…
- Back to profitnet €139,191
- Equity above €1mequity €1.1m ▲14.3%
Financials · financial year 2025, abbreviated format
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result returns to profit in 2025: €166,203 after a loss of €40,969 in 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 38, Waste collection, recovery and disposal activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Peer companies
Historical observationOf the 20,139 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95.0% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
For this company itself Checked computes a bankruptcy probability of < 0.1% 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 497,475 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 20,139 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | €923 | €0 | - | - |
| Remuneration, social security and pensions62 | - | - | - | - | - | €657 | €582 | €924 | ▲ 58.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €291,419 | €277,712 | €280,400 | €247,173 | €141,445 | €164,006 | €152,999 | €179,833 | ▲ 17.5% |
| Other operating charges640/8 | - | - | - | €21,086 | €20,317 | €17,507 | €18,708 | €24,246 | ▲ 29.6% |
| Gross operating margin9900 | €131,801 | €447,879 | €513,247 | €437,283 | €547,137 | €656,292 | €131,321 | €371,205 | ▲ 183% |
| Operating profit (loss)9901 | -€174,120 | €148,134 | €199,108 | €169,024 | €385,376 | €474,122 | -€40,969 | €166,203 | - |
| Financial income75/76B | - | - | - | €0 | €1 | €0 | €3,760 | €6,632 | ▲ 76.4% |
| Recurring financial income75 | €26 | €2 | €0 | €0 | €1 | €0 | €3,760 | €6,632 | ▲ 76.4% |
| Financial charges65/66B | - | - | - | €38,542 | €34,199 | €34,733 | €33,787 | €33,644 | ▼ 0.4% |
| Recurring financial charges65 | €49,775 | €46,716 | €45,120 | €38,542 | €34,199 | €34,733 | €33,787 | €33,644 | ▼ 0.4% |
| Profit (loss) for the period before taxes9903 | -€223,868 | €101,421 | €153,988 | €130,482 | €351,178 | €439,390 | -€70,996 | €139,191 | - |
| Income taxes67/77 | - | - | - | - | - | €40,651 | €0 | - | - |
| Profit (loss) for the period9904 | -€223,868 | €101,421 | €153,988 | €130,482 | €351,178 | €398,738 | -€70,996 | €139,191 | - |
| Profit (loss) for the period to be appropriated9905 | -€223,868 | €101,421 | €153,988 | €130,482 | €351,178 | €398,738 | -€70,996 | €139,191 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €2.5m | €2.3m | €2.4m | €2.3m | €2.5m | €2.8m | €2.4m | €2.6m | ▲ 7.3% |
| Fixed assets21/28 | €1.9m | €1.7m | €1.5m | €1.3m | €1.6m | €1.4m | €1.3m | €1.7m | ▲ 36.3% |
| Tangible fixed assets22/27 | €1.9m | €1.7m | €1.5m | €1.3m | €1.6m | €1.4m | €1.3m | €1.7m | ▲ 36.3% |
| Land and buildings22 | - | - | - | €1.1m | €1.4m | €1.3m | €1.2m | €1.1m | ▼ 4.4% |
| Plant, machinery and equipment23 | - | - | - | €0.2m | €0.2m | €0.1m | €0.1m | €0.6m | ▲ 397% |
| Current assets29/58 | €0.6m | €0.7m | €0.9m | €1.0m | €0.9m | €1.3m | €1.2m | €0.9m | ▼ 24.7% |
| Stocks and contracts in progress3 | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Contracts in progress37 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Amounts receivable within one year40/41 | €0.3m | €0.3m | €0.2m | €0.2m | €0.2m | €0.5m | €0.3m | €0.2m | ▼ 10.9% |
| Trade receivables40 | - | - | - | €0.2m | €0.2m | €0.5m | €0.3m | €0.2m | ▼ 8.8% |
| Other amounts receivable41 | - | - | - | - | - | - | €0.009m | €0.002m | ▼ 77.3% |
| Current investments50/53 | - | - | - | - | - | - | €0.6m | €0.2m | ▼ 66.7% |
| Cash at bank and in hand54/58 | €0.2m | €0.2m | €0.5m | €0.7m | €0.6m | €0.7m | €0.09m | €0.2m | ▲ 159% |
| Deferred charges and accrued income490/1 | - | - | - | €0.01m | €0.01m | €0.01m | €0.02m | €0.02m | ▼ 1.0% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €2.5m | €2.3m | €2.4m | €2.3m | €2.5m | €2.8m | €2.4m | €2.6m | ▲ 7.3% |
| Equity10/15 | -€0.09m | €0.01m | €0.2m | €0.3m | €0.6m | €1.0m | €1.0m | €1.1m | ▲ 14.3% |
| Contributions10/11 | €0.5m | €0.5m | €0.5m | €0.5m | €0.5m | €0.5m | €0.5m | €0.5m | = |
| Capital10 | - | - | - | €0.5m | €0.5m | €0.5m | €0.5m | €0.5m | = |
| Issued capital100 | - | - | - | €0.5m | €0.5m | €0.5m | €0.5m | €0.5m | = |
| Reserves13 | €0.4m | €0.5m | €0.5m | €0.5m | €0.5m | €0.5m | €0.5m | €0.5m | = |
| Non-distributable reserves130/1 | - | - | - | €0.05m | €0.05m | €0.05m | €0.05m | €0.05m | = |
| Legal reserve130 | - | - | - | €0.05m | €0.05m | €0.05m | €0.05m | €0.05m | = |
| Distributable reserves133 | - | - | - | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | = |
| Profit (loss) carried forward14 | -€1.0m | -€0.9m | -€0.8m | -€0.6m | -€0.3m | €0.1m | €0.04m | €0.2m | ▲ 322% |
| Amounts payable17/49 | €2.6m | €2.3m | €2.2m | €2.0m | €1.9m | €1.7m | €1.5m | €1.5m | ▲ 2.7% |
| Amounts payable after more than one year17 | €2.1m | €1.9m | €1.8m | €1.6m | €1.5m | €1.4m | €1.2m | €1.2m | = |
| Financial debts170/4 | - | - | - | €1.6m | €1.5m | €1.4m | €1.2m | €1.2m | = |
| Amounts payable within one year42/48 | €0.4m | €0.4m | €0.4m | €0.3m | €0.4m | €0.3m | €0.2m | €0.3m | ▲ 16.9% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.2m | €0.2m | €0.1m | €0 | - | - |
| Trade debts44 | €0.2m | €0.1m | €0.1m | €0.09m | €0.1m | €0.1m | €0.2m | €0.2m | ▲ 16.2% |
| Suppliers440/4 | - | - | - | €0.09m | €0.1m | €0.1m | €0.2m | €0.2m | ▲ 16.2% |
| Advances received on contracts in progress46 | - | - | - | €0.08m | €0.07m | €0.08m | €0.09m | €0.09m | = |
| Taxes, remuneration and social security45 | - | - | - | €0.02m | €0.02m | €0.002m | €0 | €0.02m | - |
| Taxes450/3 | - | - | - | €0.02m | €0.02m | €0.002m | €0 | €0.02m | - |
| Accrued charges and deferred income492/3 | - | - | - | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | = |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€223,868 | €101,421 | €153,988 | €130,482 | €351,178 | €398,738 | -€70,996 | €139,191 | - |
| + Depreciation and write-downs630 | €291,419 | €277,712 | €280,400 | €247,173 | €141,445 | €164,006 | €152,999 | €179,833 | ▲ 17.5% |
| Operating cash flow (approximation) | €67,551 | €379,133 | €434,388 | €377,655 | €492,623 | €562,744 | €82,003 | €319,024 | ▲ 289% |
| Investment in fixed assets (approximation) | - | -€30,697 | -€82,830 | -€65,000 | -€431,149 | €0 | -€22,041 | -€644,934 | ▼ 2,826% |
| Change in cash | - | €59,066 | €272,003 | €168,366 | -€62,303 | €63,865 | -€563,555 | €144,461 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 23 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-11-2025 | abbreviated format | 02-06-2026 | 2026-00139005 |
| 30-11-2024 | abbreviated format | 13-06-2025 | 2025-00136114 |
| 30-11-2023 | abbreviated format | 03-06-2024 | 2024-00110185 |
| 30-11-2022 | abbreviated format | 06-06-2023 | 2023-00108521 |
| 30-11-2021 | abbreviated format | 30-05-2022 | 2022-20041065 |
| 30-11-2020 | abbreviated format | 11-06-2021 | 2021-19600519 |
| 30-11-2019 | abbreviated format | 04-06-2020 | 2020-14900451 |
| 30-11-2018 | abbreviated format | 26-06-2019 | 2019-23000229 |
| 30-11-2017 | abbreviated format | 31-05-2018 | 2018-14900357 |
| 30-11-2016 | abbreviated format | 15-06-2017 | 2017-18000112 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Board 13
Show all 13 directors
Day-to-day management 2
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- Day-to-day management
- began earlier
| Name | Functions and periods |
|---|---|
| Bart Van Looveren |
|
| Ben Bolckmans |
|
| Davy Hens |
|
| Dirk Van Looveren |
|
| Jan Arnouts |
|
| Jan Leenaerts |
|
| Jan van den Keybus |
|
| Johan Elst |
|
| Jonas Bogaerts |
|
| Koen Bernaerts |
|
| Luc Van De Locht-Van Gestel |
|
| Marc Bogaerts |
|
| Roger Aernouts |
|
| Leo Frans Maria Bernaerts |
|
Owners and capital
Owners
1 ownerChain of control
- BIO - NOORD
- IVEB
Highest known parent: BIO - NOORD. The sources do not say who stands above it.
Owners 1
- BIO - NOORDparent99.93%
Sources: the companies' annual accounts, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. 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 include these statements in its annual accounts, or does not have to, is not listed.
Group and network
Connections & network
3 connected companiesHistory
Acts, filings and financial milestones
04-04
Gazette deed
Resignations: Leo Frans Maria Bernaerts, Koen Bernaerts and Bart Van LooverenAppointments: Roger Aernouts, Marc Bogaerts and 11 others · Director discharge · Amendment of the articles31 facts ▸
- General meeting, 21-12-2023
- Director resignation, Leo Frans Maria Bernaerts (director)
- Director discharge, Leo Frans Maria Bernaerts
- Amendment of the articles (2 times)
- Amendment of the articles, 39
- Capital, €465,000
- Other provision, “dismissal all current directors, algemene vergadering” (deed in Dutch)
- Other provision, “mandate exercise, volledige en algehele kwijting” (deed in Dutch)
- Director appointment, Roger Aernouts (director)
- Director appointment, Marc Bogaerts (director)
- Director appointment, Luc Van De Locht-Van Gestel (director)
- Director appointment, Dirk Van Looveren (director)
- +19 further facts in this act
Show earlier events
About the unread acts
Of the 13 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 12 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 25 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Recognitions · licences · registrations
Food safety, FASFC
1 siteEnvironmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
2 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 11043D0386/00G002 | Flanders | 1.1 ha | 1 · 840 m² | - |
| 11053E0099/00F000 | Flanders | 8,298 m² | 1 · 1,608 m² | - |
How the parcels are linked
Articles of association
What the company does
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- One provision in the deed
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Last Friday of May at 14:00
Oversight and winding up
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- One provision in the deed