INTERGEMEENTELIJKE VERENIGING VOOR DUURZAAM AFVALBEHEER REGIO MECHELEN (IVAREM) (OPDRACHTHOUDENDE VERENIGING)
ActiveFor the legal form of INTERGEMEENTELIJKE VERENIGING VOOR DUURZAAM AFVALBEHEER REGIO MECHELEN (IVAREM) (OPDRACHTHOUDENDE VERENIGING), Checked does not compute a bankruptcy probability. The 2025 annual accounts show equity of €18.80M and a net result of €-2.24M. Equity remains stable across the filed fiscal years (±1.5% per year). Its solvency ranks better than 40% of 52 sector peers (fiscal year 2025). The company has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
60
/ 100
Healthy▼ -30 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability12▼-28
Solvency56▼-22
Growth38▼-29
Stability100
Credit verdict
Credit up to €1.2M at 30 days acceptable
Liquidity tight (current ratio 1.25 against 1.42 in 2024), and 69.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 03-08-2026, 3 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
3 d late
2024
42 d late
2023
36 d early
2022
3 d early
2021
31 d early
2020
30 d early
2019
36 d early
← before the deadline
after the deadline →
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 monthsPosition in the running window
14-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€34.82M▲ 13.2%
2024 · €30.76M
2018: €24.73M
2019: €26.04M
2020: €26.29M
2021: €27.85M
2022: €28.97M
2023: €31.03M
2024: €30.76M
2018 → 2025
EBIT margin
-6.0%▼ 8.7pp
2024 · 2.7%
2018: 1.2%
2019: 3.1%
2020: 1.0%
2021: 0.8%
2022: 3.9%
2023: 1.8%
2024: 2.7%
2018 → 2025
Net result
€-2.24M
2024 · €782k
2019: €577k
2020: €51k
2022: €931k
2023: €476k
2024: €782k
2019 → 2025
Working capital
€4.52M▼ 25.7%
2024 · €6.09M
2018: €9.73M
2019: €6.38M
2020: €5.09M
2021: €4.63M
2022: €9.30M
2023: €10.39M
2024: €6.09M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€27.85M-€28.97M▲ 4.0%€31.03M▲ 7.1%€30.76M▼ 0.9%€34.82M▲ 13.2%
Equity€19.17M-€20.00M▲ 4.3%€20.41M▲ 2.0%€21.12M▲ 3.5%€18.80M▼ 11.0%
Operating result€213k-€1.14M▲ 436%€563k▼ 50.6%€843k▲ 49.7%€-2.08M
Net result€931k€476k▼ 48.9%€782k▲ 64.4%€-2.24M
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €2.08M after €843k in 2024, the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €61.40M
Fixed assets
€38.90M▲ 43.0%
Current assets
€22.50M▲ 8.6%
Equity and liabilities €61.40M
Equity
€18.80M▼ 11.0%
Provisions
€5.36M▲ 20.7%
Debt
€37.24M▲ 66.5%
The debt ratio rises from 46.7% to 60.6%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€2.60M▼
2024 · €3.90M
Cash flow
€2.44M▼
2024 · €3.84M
Solvency
30.6%▼
2024 · 44.1%
Current ratio
1.25▼
2024 · 1.42
Quick ratio
1.25▼
2024 · 1.41
Debt / equity
1.98▲
2024 · 1.06
ROE
-11.9%▼
2024 · 3.7%
ROA
-3.7%▼
2024 · 1.6%
Interest coverage
9.15▼
2024 · 19.45
Debt
€37.24M▲
2024 · €22.37M
Debt ≤ 1 year
€17.97M▲
2024 · €14.63M
Debt > 1 year
€18.69M▲
2024 · €7.04M
Income taxes
€24k▼
2024 · €32k
Staff costs
€12.43M▲
2024 · €11.47M
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€47.93M€61.40M▲
Fixed assets21/28€27.21M€38.90M▲
Intangible fixed assets21€105k€154k▲
Tangible fixed assets22/27€26.50M€38.14M▲
Land and buildings22€16.86M€25.12M▲
Plant, machinery and equipment23€4.20M€8.17M▲
Furniture and vehicles24€2.91M€4.26M▲
Other tangible fixed assets26€9k€9k=
Assets under construction and advance payments27€2.51M€576k▼
Financial fixed assets28€611k€611k=
Companies linked by participating interests282/3€602k€602k=
Participating interests282€602k€602k=
Other financial fixed assets284/8€9k€8k▼
Shares284€5k€5k=
Amounts receivable and cash guarantees285/8€4k€3k▼
Current assets29/58€20.71M€22.50M▲
Amounts receivable after more than one year29€688k€550k▼
Other amounts receivable291€688k€550k▼
Stocks and contracts in progress3€106k€47k▼
Stocks30/36€106k€47k▼
Goods purchased for resale34€48k€47k▼
Property held for sale35€58k-
Amounts receivable within one year40/41€8.09M€9.75M▲
Trade receivables40€5.85M€7.33M▲
Other amounts receivable41€2.23M€2.42M▲
Current investments50/53€4.56M€4.02M▼
Other investments51/53€4.56M€4.02M▼
Cash at bank and in hand54/58€7.26M€8.11M▲
Deferred charges and accrued income490/1€16k€21k▲
Equity and liabilities
Total equity and liabilities10/49€47.93M€61.40M▲
Equity10/15€21.12M€18.80M▼
Contributions10/11€640k€640k=
Reserves13€20.26M€18.02M▼
Non-distributable reserves130/1€20.26M€18.02M▼
Reserves not available under the articles1311€120k€120k=
Other1319€20.14M€17.90M▼
Investment grants15€219k€146k▼
Provisions and deferred taxes16€4.44M€5.36M▲
Provisions for liabilities and charges160/5€4.44M€5.36M▲
Pensions and similar obligations160€796k€759k▼
Environmental obligations163€3.37M€4.35M▲
Other liabilities and charges164/5€276k€251k▼
Amounts payable17/49€22.37M€37.24M▲
Amounts payable after more than one year17€7.04M€18.69M▲
Financial debts170/4€7.03M€18.68M▲
Credit institutions173€7.03M€18.68M▲
Other amounts payable178/9€14k€14k=
Amounts payable within one year42/48€14.63M€17.97M▲
Current portion of amounts payable after more than one year42€1.73M€2.61M▲
Trade debts44€6.99M€7.46M▲
Suppliers440/4€6.99M€7.46M▲
Taxes, remuneration and social security45€2.88M€3.25M▲
Taxes450/3€472k€480k▲
Remuneration and social security454/9€2.41M€2.77M▲
Other amounts payable47/48€3.02M€4.65M▲
Accrued charges and deferred income492/3€702k€568k▼
Income statement
Code20242025
Operating income70/76A€31.17M€35.14M▲
Turnover70€30.76M€34.82M▲
Other operating income74€406k€318k▼
Non-recurring operating income76A€0€0=
Operating charges60/66A€30.32M€37.22M▲
Goods for resale, raw materials and consumables60€255k€197k▼
Purchases600/8€284k€196k▼
Change in stocks: decrease (increase)609€-29k€1k▲
Services and other goods61€14.80M€17.69M▲
Remuneration, social security and pensions62€11.47M€12.43M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3.06M€4.68M▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€335k
Provisions for liabilities and charges: additions (uses and reversals)635/8€159k€919k▲
Other operating charges640/8€573k€977k▲
Operating profit (loss)9901€843k€-2.08M▼
Financial income75/76B€173k€148k▼
Recurring financial income75€173k€148k▼
Income from financial fixed assets750-€4k
Income from current assets751€101k€71k▼
Other financial income752/9€73k€74k▲
Financial charges65/66B€202k€285k▲
Recurring financial charges65€202k€285k▲
Debt charges650€201k€284k▲
Other financial charges652/9€1k€1k▲
Profit (loss) for the period before taxes9903€815k€-2.22M▼
Income taxes67/77€32k€24k▼
Taxes670/3€32k€24k▼
Profit (loss) for the period9904€782k€-2.24M▼
Profit (loss) for the period to be appropriated9905€782k€-2.24M▼
Appropriation of the result
Profit (loss) to be appropriated9906€782k€-2.24M▼
Transfer from equity791/2-€2.24M
From reserves792-€2.24M
Transfer to equity691/2€782k-
To other reserves6921€782k-
Social balance
Average headcount (FTE)9087159.5165.8▲
The notes to these accounts (86 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
21-08
State Gazette act
Resignations & appointmentsBoard meeting · Director appointment · Power of attorney5 facts ▸
State Gazette act
Resignations & appointments
Board meeting · Director appointment · Power of attorney5 facts ▸
- Board meeting, 2026-07-17
- Director appointment, Tom D'Hanis (algemeen directeur)
- Power of attorney, Tom D'Hanis
- Director appointment, Tom D'Hanis (secretaris)
- Director resignation, Vincent Volckaert (algemeen directeur)
03-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 3 days late
28-07
State Gazette act
Resignations & appointmentsGeneral meeting · Auditor appointment · Permanent representative3 facts ▸
State Gazette act
Resignations & appointments
General meeting · Auditor appointment · Permanent representative3 facts ▸
- General meeting, 19/06/2026
- Auditor appointment, VGD Bedrijfsrevisoren (commissaris-revisor)
- Permanent representative, Bart Roose
2025
31-12
Financial
Weakest financial yearnet €-2.24M ▼386%
Net result drops to €-2.24M, the lowest in the series.
11-09
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 42 days late
2024
25-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Highest result since 2019net €931k ▲1721%
Operating result €1.14M, net result €931k, both a record.
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
01-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
25-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
27-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
18-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
04-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
11 directors, no change since 2026
Tom D'Hanis
CurrentSecretary · since 01-09-2026
01-09-2026
Tom D'Hanis: Appointed as Secretary
01-09-2026
Tom D'Hanis: Appointed as Algemeen directeur
01-09-2026
Vincent Volckaert: Resigned as Algemeen directeur
15-10-2025
Bavo Anciaux: Resigned as Director
15-10-2025
Eddy Bormans: Resigned as Director
15-10-2025
Ingeborg Van Hoof: Resigned as Director
15-10-2025
Ivo Andries: Resigned as Director
15-10-2025
Koenraad Anciaux: Resigned as Director
15-10-2025
Marc Franquet: Resigned as Director
15-10-2025
Paul Wuyts: Resigned as Director
15-10-2025
Rina Nkandu Rabau: Resigned as Director
15-10-2025
Sarah De Keyser: Resigned as Director
Location & real-estate footprint
Registered office, Mechelen · 16 establishment units since 2003
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Leuvensesteenweg(MZN) 4432812 MechelenGround area
27.4 ha
Building footprint
1.4 ha
Volume, LiDAR
168,409 m³
16 parcels, Flanders · tallest building 24.8 m, ±5 floors. Linked by address, not a title deed.
16 establishment units
Ivarem
since 20032.162.836.021
Recyclagepark Berlaar
since 20032.162.836.219
Recyclagepark Bonheiden
since 20032.162.836.318
Recyclagepark Bornem
since 20032.162.836.615
Recyclagepark Duffel
since 20032.162.837.308
Recyclagepark Mechelen-Muizen
since 20032.162.840.771
Show 10 more locations
Recyclagepark Mechelen-Noord
since 20032.162.840.870
Recyclagepark Lier
since 20032.162.840.969
Recyclagepark Putte
since 20032.162.841.167
Recyclagepark Sint-Amands
since 20032.162.841.464
Recyclagepark Sint-Katelijne-Waver
since 20032.162.841.662
Recyclagepark Willebroek
since 20032.162.841.860
Afvalverwerkingscentrum Lier (AC Lier)
since 20032.162.842.751
Inzameldienst
since 20032.162.842.850
MBS
since 20032.162.842.949
Recyclagepark Puurs
since 20192.282.784.241
16 parcels
Flanders
16
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12393E0528/00S000 | Flanders | 12.0 ha | 1 · 41 m² | 3.3 m · 1 fl. |
| 12393E0642/00Y004 | Flanders | 5.4 ha | 1 · 2,494 m² | 22.8 m |
| 13373K0772/00X000 | Flanders | 4.4 ha | 1 · 9,963 m² | 24.8 m · 5 fl. |
| 12302D0596/00C002 | Flanders | 7,892 m² | 1 · 40 m² | 2.9 m · 1 fl. |
| 12030D0085/00D000 | Flanders | 7,348 m² | 1 · 319 m² | 7.1 m |
| 12005A0238/00N000 | Flanders | 6,397 m² | 1 · 34 m² | 3.1 m · 1 fl. |
| 12002D0339/00P000 | Flanders | 6,278 m² | 1 · 48 m² | 3.1 m · 1 fl. |
| 12040A1075/00K000 | Flanders | 5,601 m² | - | - |
| 12007C0281/00P000 | Flanders | 4,792 m² | 1 · 34 m² | 6.5 m · 1 fl. |
| 12402B0676/00L000 | Flanders | 4,539 m² | - | - |
| 12403D0305/00M000 | Flanders | 3,336 m² | - | - |
| 12409A0394/00A000 | Flanders | 2,888 m² | 1 · 492 m² | 15.9 m · 4 fl. |
| 12034A0436/00D000 | Flanders | 2,403 m² | 1 · 908 m² | 9.1 m · 2 fl. |
| 12035B0608/00N000 | Flanders | 2,257 m² | 1 · 27 m² | 2.5 m |
| 12029A0600/00P000 | Flanders | 1,472 m² | - | - |
| 12403D0290/00R000indicative | Flanders | 87 m² | 1 · 63 m² | 11.1 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 15
15 of 16 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Statutory auditor
1 auditor| VGD BedrijfsrevisorenCurrent Commissaris revisor · represented by Bart Roose | 28-07-2026 → present |
Public money · subsidies and aid
Flemish government
2022 to 2025 · 11 entries · 720,652 EUR awarded · 315,782 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 10,386 EUR | 101,526 EUR |
| 2024 | 4 | 16,137 EUR | 184,887 EUR |
| 2023 | 2 | 14,121 EUR | 14,121 EUR |
| 2022 | 3 | 680,008 EUR | 15,248 EUR |
Schemes
Subsidies in het kader van de circulaire economie
Regularisatiepremies contingentgesco's lokale besturen
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
Subsidies investeringen materialenbeheer lokale besturen
Recognitions · licences · registrations
Food safety, FASFC
13 sitesLier2.162.842.751
Berlaar2.162.836.219
Bonheiden2.162.836.318
Bornem2.162.836.615
Show 9 more sites
Duffel2.162.837.308
Lier2.162.840.969
Mechelen2.162.840.771
Mechelen2.162.840.870
Putte2.162.841.167
Puurs-Sint-Amands2.162.841.464
Puurs-Sint-Amands2.282.784.241
Sint-Katelijne-Waver2.162.841.662
Willebroek2.162.841.860
Legal Entity Identifier
254900Z5Z13W8B3SOV95
Similar companies · same sector, comparable size
Association intercommunale Bureau économique de la Province de Namur
BE 0219.802.592
Namur · Eq €18.01M
Opdrachthoudend samenwerkingsverband Land van Aalst voor Milieu
BE 0862.014.551
Aalst · Eq €16.42M
VANHEEDE ENVIRONMENTAL LOGISTICS
BE 0449.217.094
Wervik · Eq €21.61M
BONGAERTS RECYCLING
BE 0452.245.573
Peer · Eq €14.58M
EcoWerf, Intergemeentelijk Milieubedrijf Oost-Brabant
BE 0862.492.920
Leuven · Eq €13.83M
Of 388 companies in sector 38110 we hold annual accounts for 200. 50 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formOpdrachthoudende vereniging (Vlaams Gewest)
Founded14-05-2003
Fiscal year end31-12
Abbreviation NL
IVAREM
Activities, NACEBEL
38110Waste collection, recovery and disposal activities
75116
84119Public administration and defence; compulsory social security
Sources
Crossroads Bank for EnterprisesNational Bank · 23 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.