IVICO (0808.680.387): financials and annual accounts

IVICO

Woluwe-Saint-Pierre ·KBO/BCE: BE 0808.680.387

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Balance sheet: assets
Total assets`20/58`	2.0m	1.9m	2.0m	2.0m	2.0m	1.2m	1.3m	1.4m	1.5m	491,130	429,174	297,142	347,074	295,937	278,474	264,405
Fixed assets`21/28`	1.7m	1.8m	1.9m	2.0m	2.0m	1.2m	1.2m	1.2m	1.2m	253,493	296,188	193,714	201,644	198,371	205,641	216,626
Intangible fixed assets`21`	4,149	4,814	5,478	-	-	-	-	-	-	-	-	-	-	-	-	-
Tangible fixed assets`22/27`	1.7m	1.8m	1.9m	1.9m	2.0m	1.2m	1.2m	1.2m	1.2m	253,493	296,188	193,714	201,644	198,371	205,641	216,626
Land and buildings`22`	1.4m	1.5m	1.6m	1.8m	1.9m	1.1m	1.2m	1.2m	1.0m	-	-	-	-	-	-	-
Plant, machinery and equipment`23`	8,092	8,956	9,820	5,500	5,500	5,500	5,500	5,740	6,040	6,400	8,887	13,120	12,700	-	-	-
Furniture and vehicles`24`	18,163	24,876	34,749	59,250	62,933	61,140	28,611	11,164	69,125	96,462	124,882	6,387	2,949	588	1,070	529
Other tangible fixed assets`26`	210,000	210,000	210,000	-	-	-	-	-	-	-	-	-	-	-	-	-
Financial fixed assets`28`	518	518	604	130,604	604	604	604	-	-	-	-	-	-	-	-	-
Current assets`29/58`	277,383	141,592	81,782	29,179	89,914	40,827	151,939	168,581	281,589	237,637	132,986	103,428	145,430	97,566	72,833	47,779
Amounts receivable after more than one year`29`	-	-	-	-	-	-	-	-	192,500	145,000	45,000	45,000	45,000	-	-	-
Trade receivables`290`	-	-	-	-	-	-	-	-	-	-	-	-	45,000	-	-	-
Other amounts receivable`291`	-	-	-	-	-	-	-	-	192,500	145,000	45,000	45,000	-	-	-	-
Stocks and contracts in progress`3`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,000	-
Stocks`30/36`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,000	-
Amounts receivable within one year`40/41`	222,595	53,910	27,176	23,042	80,036	22,772	77,629	151,874	77,630	92,356	52,242	56,834	68,349	65,560	31,007	47,000
Trade receivables`40`	102,893	53,910	26,776	23,042	21,192	21,301	31,311	130,057	35,596	35,163	-	27,697	33,823	15,445	30,449	47,000
Other amounts receivable`41`	119,702	-	399	-	58,845	1,471	46,318	21,817	42,034	57,193	52,242	29,137	34,526	50,115	558	-
Cash at bank and in hand`54/58`	51,194	84,663	51,700	6,136	9,878	16,187	73,002	15,313	11,459	281	35,444	1,589	32,076	30,901	39,826	179
Deferred charges and accrued income`490/1`	3,595	3,019	2,907	-	-	1,868	1,308	1,394	-	-	300	5	5	1,105	-	600
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	2.0m	1.9m	2.0m	2.0m	2.0m	1.2m	1.3m	1.4m	1.5m	491,130	429,174	297,142	347,074	295,937	278,474	264,405
Equity`10/15`	111,210	96,630	82,419	66,809	78,130	151,028	134,889	89,480	-42,571	69,413	57,197	39,841	25,116	5,843	-54,347	9,475
Contributions`10/11`	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400
Issued capital`100`	-	-	-	-	-	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600
Uncalled capital`101`	-	-	-	-	-	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200
Reserves`13`	256,651	259,830	263,008	266,179	269,349	272,520	275,697	1,860	1,860	57,013	44,797	27,441	12,716	200	-	-
Non-distributable reserves`130/1`	1,860	1,860	1,860	1,860	1,860	-	-	-	-	-	-	-	-	-	-	-
Legal reserve`130`	-	-	-	-	-	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	200	-	-
Reserves not available under the articles`1311`	1,860	1,860	1,860	1,860	1,860	-	-	-	-	-	-	-	-	-	-	-
Tax-exempt reserves`132`	254,791	257,970	261,148	264,319	267,489	270,660	273,837	-	-	-	-	-	-	-	-	-
Distributable reserves`133`	-	-	-	-	-	-	-	-	-	55,153	42,937	25,581	10,856	-	-	-
Profit (loss) carried forward`14`	-193,378	-212,452	-231,157	-251,254	-244,419	-176,008	-195,323	43,625	-56,831	-	-	-	-	-6,757	-66,747	-2,925
Investment grants`15`	35,536	36,852	38,168	39,484	40,800	42,116	42,116	31,595	-	-	-	-	-	-	-	-
Provisions and deferred taxes`16`	131,209	132,842	134,474	136,107	137,739	139,372	141,005	10,521	-	-	-	-	-	-	-	-
Deferred taxes`168`	131,209	132,842	134,474	136,107	137,739	139,372	141,005	10,521	-	-	-	-	-	-	-	-
Amounts payable`17/49`	1.7m	1.7m	1.8m	1.8m	1.8m	950,873	1.1m	1.3m	1.6m	421,717	371,977	257,301	321,958	290,094	332,821	254,930
Amounts payable after more than one year`17`	1.5m	1.5m	1.5m	1.7m	1.5m	708,821	726,308	775,242	901,836	288,809	244,027	198,882	208,420	217,480	226,085	234,261
Financial debts`170/4`	1.0m	1.1m	1.2m	1.4m	1.5m	708,821	726,308	775,242	831,836	218,809	244,027	198,882	208,420	217,480	226,085	234,261
Other amounts payable`178/9`	445,972	388,615	329,379	321,203	-	-	-	-	70,000	70,000	-	-	-	-	-	-
Amounts payable within one year`42/48`	233,451	172,530	196,475	111,939	355,381	237,063	343,110	501,025	656,319	131,941	126,933	57,407	111,237	71,277	106,736	20,669
Current portion of amounts payable after more than one year`42`	90,374	86,752	89,348	91,516	83,398	51,064	41,869	62,680	513,215	25,218	24,139	9,537	54,060	53,606	83,175	7,765
Trade debts`44`	114,591	84,560	80,440	13,044	6,655	84,275	82,176	113,006	67,943	75,967	73,838	9,202	8,716	5,833	22,188	10,691
Suppliers`440/4`	114,591	84,560	80,440	13,044	6,655	84,275	82,176	113,006	67,943	75,967	73,838	9,202	8,716	5,833	22,188	10,691
Taxes, remuneration and social security`45`	28,351	1,218	-	7,379	8,499	16,437	14,203	10,604	13,368	29,451	27,651	7,363	12,461	1,838	1,373	2,213
Taxes`450/3`	28,351	1,218	-	7,379	8,499	13,964	14,203	8,172	10,950	27,036	20,440	7,363	12,461	1,838	1,373	2,213
Remuneration and social security`454/9`	-	-	-	-	-	2,473	-	2,432	2,418	2,415	7,211	-	-	-	-	-
Other amounts payable`47/48`	136	-	26,687	-	256,829	85,287	204,862	314,735	61,792	1,305	1,305	31,305	36,000	10,000	-	-
Accrued charges and deferred income`492/3`	-	-	6,960	-	-	4,989	4,572	5,689	7,265	967	1,017	1,012	2,301	1,337	-	-
Income statement
Non-recurring operating income`76A`	50,000	6,409	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gross operating margin`9900`	238,693	231,367	279,484	133,535	146,919	112,244	116,756	193,240	100,490	145,141	87,853	76,272	96,838	97,204	-35,551	64,008
Remuneration, social security and pensions`62`	-	-	-	-	-	-	69	-	-	-	-	-	-	-	-	-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	104,565	104,182	195,900	110,270	106,565	66,757	57,971	50,647	205,052	46,994	47,527	19,046	21,447	12,270	12,007	45,353
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)`631/4`	89,489	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other operating charges`640/8`	6,109	6,823	16,504	6,502	88,650	5,113	3,023	12,960	740	2,171	436	386	2,660	1,937	620	3,025
Non-recurring operating charges`66A`	229	530	95	218	-	119	-	55	55	55	-	-	-	-	-	250
Operating profit (loss)`9901`	38,302	119,832	66,984	16,545	-48,296	40,256	55,693	129,633	-105,302	95,976	39,890	56,840	72,731	82,997	-48,178	15,630
Financial income`75/76B`	3,888	1,461	1,380	1,360	1,517	-	-	1,029	12,058	7,546	7,154	5,192	3,728	1,981	7	103
Recurring financial income`75`	3,888	1,461	1,380	1,360	1,517	-	-	1,029	12,058	7,546	7,154	5,192	3,728	1,981	7	103
Financial charges`65/66B`	24,941	27,099	52,283	29,542	26,327	19,059	20,648	25,458	18,346	13,035	12,028	11,787	14,394	14,285	15,454	18,256
Recurring financial charges`65`	24,941	27,099	52,283	29,542	26,327	19,059	20,648	25,403	18,291	13,035	12,028	11,787	14,394	14,285	15,454	18,256
Non-recurring financial charges`66B`	-	-	-	-	-	-	-	55	55	-	-	-	-	-	-	-
Profit (loss) for the period before taxes`9903`	17,249	94,194	16,082	-11,638	-73,106	21,197	35,044	105,204	-111,590	90,432	35,016	50,245	62,065	70,693	-63,625	-2,773
Transfer from deferred taxes`780`	1,633	1,633	1,633	1,633	-	-	-	-	-	-	-	-	-	-	-	-
Income taxes`67/77`	2,985	300	788	-	109	6,691	8,707	5,077	394	8,216	17,660	5,520	6,792	503	197	152
Profit (loss) for the period`9904`	15,896	95,527	16,926	-10,005	-71,582	16,138	34,889	100,456	-111,984	82,216	17,356	44,725	55,273	70,190	-63,822	-2,925
Transfer from tax-exempt reserves`789`	3,178	3,178	3,170	3,170	3,170	3,177	16,607	-	-	-	-	-	-	-	-	-
Profit (loss) for the period to be appropriated`9905`	19,074	98,705	20,097	-6,835	-68,412	19,315	51,496	100,456	-111,984	82,216	17,356	44,725	55,273	70,190	-63,822	-2,925
Appropriation of the result
Profit (loss) to be appropriated`9906`	-193,378	-132,452	-231,157	-251,254	-244,419	-176,008	95,121	43,625	-111,984	82,216	17,356	44,725	48,516	3,443	-66,747	-2,925
Profit (loss) brought forward from the previous period`14P`	-212,452	-231,157	-251,254	-244,419	-	-	-	-	-	-	-	-	-	-	-	-
Transfer from equity`791/2`	-	-	-	-	-	-	-	-	55,153	-	-	-	-	-	-	-
Transfer to equity`691/2`	-	-	-	-	-	-	-	-	-	12,216	17,356	14,725	12,516	200	-	-
To the legal reserve`6920`	-	-	-	-	-	-	-	-	-	-	-	-	1,660	200	-	-
To other reserves`6921`	-	-	-	-	-	-	-	-	-	12,216	17,356	14,725	10,856	-	-	-
Profit to be distributed`694/7`	-	80,000	-	-	-	-	290,444	-	-	70,000	-	30,000	36,000	10,000	-	-
Return on contributions (dividend)`694`	-	-	-	-	-	-	-	-	-	70,000	-	-	-	-	-	-
Directors or managers`695`	-	80,000	-	-	-	-	-	-	-	-	-	30,000	36,000	10,000	-	-
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Financial year	Type	Filed	Reference	Document
31-12-2025	abbreviated format	28-08-2026	2026-00445100	PDF
31-12-2024	abbreviated format	09-10-2025	2025-00543278	PDF
31-12-2023	abbreviated format	31-08-2024	2024-00449581	PDF
31-03-2022	abbreviated format	31-10-2022	2022-20515501	PDF
31-03-2021	abbreviated format	06-12-2021	2021-79800409	PDF
31-03-2020	abbreviated format	08-12-2020	2020-75100153	PDF
31-03-2019	abbreviated format	23-10-2019	2019-71300176	PDF
31-03-2018	abbreviated format	16-11-2018	2018-72400094	PDF
31-03-2017	abbreviated format	30-11-2017	2017-71000253	PDF
31-03-2016	abbreviated format	23-09-2016	2016-61600513	PDF
31-03-2015	abbreviated format	30-11-2015	2015-67800528	PDF
31-03-2014	abbreviated format	17-10-2014	2014-65000016	PDF
31-03-2013	abbreviated format	17-10-2013	2013-63400304	PDF
31-03-2012	abbreviated format	12-11-2012	2012-63600555	PDF
31-03-2011	abbreviated format	29-11-2011	2011-62300072	PDF
31-03-2010	abbreviated format	15-11-2010	2010-60700353	PDF

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
EBITDA	142,866	224,014	262,884	126,815	58,269	107,012	113,664	180,280	99,750	142,970	87,417	75,886	94,178	95,267	-36,171	60,983
Cash flow	120,461	199,709	212,827	100,265	34,983	82,895	92,860	151,103	93,068	129,210	64,883	63,771	76,720	82,460	-51,815	42,428
Investment in fixed assets	9,626	845	226,378	146,226	857,040	69,258	46,242	221,607	1.2m	4,300	150,000	11,116	24,720	5,000	1,023	261,978
Change in cash	-33,469	32,963	45,564	-3,742	-6,309	-56,815	57,689	3,853	11,178	-35,163	33,855	-30,487	1,175	-8,925	39,647	-
Working capital	43,932	-30,938	-114,693	-82,761	-265,466	-196,236	-191,171	-332,444	-374,729	105,696	6,053	46,021	34,193	26,289	-33,903	27,110
Solvency	5.7%	5.0%	4.2%	3.3%	3.8%	12.2%	10.0%	6.5%	-2.8%	14.1%	13.3%	13.4%	7.2%	2.0%	-19.5%	3.6%
Current ratio	1.19	0.82	0.42	0.26	0.25	0.17	0.44	0.34	0.43	1.80	1.05	1.80	1.31	1.37	0.68	2.31
Quick ratio	1.19	0.82	0.42	0.26	0.25	0.17	0.44	0.34	0.43	1.80	1.05	1.80	1.31	1.37	0.66	2.31
Debt to equity	15.48	17.53	21.26	27.14	23.36	6.30	7.96	14.33	-	6.08	6.50	6.46	12.82	49.65	-	26.91
ROE	14.3%	98.9%	20.5%	-15.0%	-91.6%	10.7%	25.9%	112.3%	-	118.4%	30.3%	112.3%	220.1%	-	-	-30.9%
ROA	0.8%	5.0%	0.9%	-0.5%	-3.5%	1.3%	2.6%	7.3%	-7.4%	16.7%	4.0%	15.1%	15.9%	23.7%	-22.9%	-1.1%
Interest coverage	5.73	8.27	5.03	4.29	-	-	-	-	-	-	-	-	-	-	-	-

Item	2025	2024	2023	31-03-2022
Tangible fixed assets	€9,626	€845	€219,736	€16,226
Intangible fixed assets	-	-	€6,642	-
Financial fixed assets	-	-	-	€130,000
Depreciation and write-downs of the year	€104,565	€104,182	€195,900	€110,270

IVICO

Annual accounts 2025

Balance sheet

Change in equityin euro

Change in cashin euro

Position in the sector

Solvency5.7%

Current ratio1.19

Return on assets0.8%

Filed annual accounts

Filings

Key figures and ratios

Investments

Insights on IVICO

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