ACTIVE

ISOTHERMOS

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Financial year 2025 · closed on 01/01/2025

Net result

1,5 M €

+229.4% YoY

Revenue

20,3 M €

+58.5% YoY

Equity

9,4 M €

+12.1% YoY

Workforce

6,3 ETP

+5.0% YoY

What does ISOTHERMOS do?

ISOTHERMOS is a Public limited company incorporated in 1950. Its main activity is: Wholesale of machinery for the textile industry and of sewing and knitting machines. Its registered office is in Anderlecht. It employs on average 6,3 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0402.963.536

Incorporation

30/03/1950

Legal form

Public limited company

Registered office

Rue de l'Orphelinat 44-48
1070 Anderlecht · BruxellesSee on map

Contributed capital

2 295 787,00 €

Latest accounts

01/01/2025

Average workforce

6,3 ETP

Activities (NACE)

46643Wholesale of machinery for the textile industry and of sewing and knitting machines· main 46693Wholesale of other machinery and equipment 46900Non-specialised wholesale trade 46900Non-specialised wholesale trade 51871Air transport 51900Air transport

Joint committees (3)

14904
200
218

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008
Income statement
Revenue	20,3 M €	+58.5%	12,8 M €	+10.2%	11,6 M €	+6.0%	11 M €	+43.8%	7,6 M €	-19.5%	9,5 M €	-7.1%	10,2 M €	-18.6%	12,5 M €	+18.3%	10,6 M €	+11.3%	9,5 M €	-31.9%	14 M €	+14.0%	12,3 M €	+19.7%	10,2 M €	+59.6%	6,4 M €	+7.1%	6 M €	-2.2%	6,1 M €	-14.7%	7,2 M €	+20.7%	6 M €
EBITDA	2,3 M €	+197%	775,2 k €	+860%	80,7 k €	-89.6%	775,1 k €	+219%	243 k €	-63.8%	672 k €	+60.9%	417,6 k €	-1.0%	421,9 k €	+66.9%	252,8 k €	-70.4%	854,5 k €	-2.5%	876,7 k €	+13.4%	773,5 k €	+19.4%	647,9 k €	+7.7%	601,7 k €	+8.4%	555,2 k €	-38.1%	897,2 k €	+187%	312,6 k €	-25.4%	419 k €
Operating result	2,1 M €	+217%	667,7 k €	+869%	68,9 k €	-90.0%	690,7 k €	+539%	108 k €	-86.7%	810 k €	+165%	305,4 k €	-34.3%	464,8 k €	+291%	-243,1 k €	-139%	629,8 k €	-16.0%	749,6 k €	+17.4%	638,6 k €	+21.4%	526 k €	+2.7%	512,3 k €	+16.6%	439,2 k €	-40.2%	735,1 k €	+393%	149,2 k €	-52.8%	316 k €
Net result	1,5 M €	+229%	461,6 k €	+450%	-132 k €	-148%	275,3 k €	+3274%	8,2 k €	-98.7%	612,3 k €	+1054%	-64,2 k €	-117%	375 k €	+232%	-285,1 k €	-169%	410,3 k €	-21.6%	523,2 k €	+13.2%	462,1 k €	-10.0%	513,6 k €	+20.2%	427,1 k €	+8.0%	395,6 k €	-23.2%	514,9 k €	+142%	212,7 k €	-32.9%	317 k €
Balance sheet
Equity	9,4 M €	+12.1%	8,4 M €	+5.8%	8 M €	-1.6%	8,1 M €	+0.2%	8,1 M €	+0.1%	8,1 M €	+4.6%	7,7 M €	-3.3%	8 M €	+1.7%	7,8 M €	-3.5%	8,1 M €	+0.5%	8,1 M €	+4.2%	7,8 M €	+0.8%	7,7 M €	+7.2%	7,2 M €	+6.3%	6,8 M €	+6.2%	6,4 M €	+8.8%	5,8 M €	+3.8%	5,6 M €
Total assets	17,2 M €	+19.6%	14,4 M €	-4.0%	15 M €	+17.4%	12,8 M €	+0.1%	12,7 M €	+2.9%	12,4 M €	+6.2%	11,7 M €	-8.8%	12,8 M €	+13.2%	11,3 M €	-0.3%	11,3 M €	+0.8%	11,2 M €	-1.0%	11,4 M €	+7.4%	10,6 M €	+3.1%	10,2 M €	+6.4%	9,6 M €	+0.7%	9,6 M €	+2.7%	9,3 M €	-1.0%	9,4 M €
Cash	221,1 k €	-29.5%	313,3 k €	+344%	70,5 k €	-91.4%	823,1 k €	-15.8%	977,5 k €	-45.4%	1,8 M €	-9.7%	2 M €	+50.5%	1,3 M €	+90.9%	690,2 k €	-56.8%	1,6 M €	-47.6%	3 M €	-19.9%	3,8 M €	+6.1%	3,6 M €	-24.9%	4,8 M €	-1.2%	4,8 M €	+58.0%	3,1 M €	+11.0%	2,8 M €	+2.2%	2,7 M €
Debts	7,4 M €	+30.7%	5,7 M €	-15.7%	6,7 M €	+54.6%	4,3 M €	+4.8%	4,1 M €	+18.2%	3,5 M €	+15.5%	3 M €	-27.7%	4,2 M €	+40.2%	3 M €	+11.2%	2,7 M €	-0.6%	2,7 M €	-10.0%	3 M €	+49.5%	2 M €	-8.0%	2,2 M €	+11.1%	2 M €	-9.2%	2,2 M €	-8.2%	2,4 M €	-7.7%	2,6 M €
Other
Workforce	6,3 ETP	+5.0%	6,0 ETP	-9.1%	6,6 ETP	+61.0%	4,1 ETP	+20.6%	3,4 ETP	+13.3%	3,0 ETP	0.0%	3,0 ETP	0.0%	3,0 ETP	-3.2%	3,1 ETP	+3.3%	3,0 ETP	-37.5%	4,8 ETP	-11.1%	5,4 ETP	-15.6%	6,4 ETP	-4.5%	6,7 ETP	+6.3%	6,3 ETP	+5.0%	6,0 ETP	0.0%	6,0 ETP	0.0%	6,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€

See the valuation

Governance

Board of directors

Seen on filing of 01/01/2025 · 4 active · 24 ended

Active mandates

Cécile VANSTEENKISTE

Director · since 23 août 2024 · until 19 mars 2030

Active

Cédric PITSCH

Managing director · since 23 août 2024 · until 19 mars 2030

Active

PITSCH Laurence

Director · since 23 août 2024 · until 19 mars 2030

Active

PITSCH Sébastien

Director · since 23 août 2024 · until 19 mars 2030

Active

Ended mandates

Cécile VANSTEENKISTE

Managing director · since 15 mars 2022 · until 21 mars 2028

Ended

Cédric PITSCH

Managing director · since 15 mars 2022 · until 21 mars 2028

Ended

René STEINBERG

Director · since 15 mars 2022 · until 21 mars 2028

Ended

René STEINBERG

Director · since 30 avril 2019 · until 15 mars 2022

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	02/01/2024	02/01/2023	02/01/2022	02/01/2021	02/01/2020	02/01/2019
Closing of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Length of the financial year	13 months	13 months	13 months	13 months	13 months	13 months
Filing date	27/08/2025	26/08/2024	09/11/2023	21/07/2022	27/10/2021	08/04/2020
General meeting	26/08/2025	23/08/2024	30/10/2023	30/06/2022	26/10/2021	17/03/2020
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	01/01/2025	26/08/2025	27/08/2025	French	PDF
Full model	01/01/2024	23/08/2024	26/08/2024	French	PDF
Full model	01/01/2023	30/10/2023	09/11/2023	French	PDF
Full model	01/01/2022	30/06/2022	21/07/2022	French	PDF
Full model	01/01/2021	26/10/2021	27/10/2021	French	PDF
Full model	01/01/2020	17/03/2020	08/04/2020	French	PDF
Full model	01/01/2019	30/04/2019	21/05/2019	French	PDF
Full model	01/01/2018	30/06/2018	27/07/2018	French	PDF
Full model	01/01/2017	31/05/2017	18/07/2017	French	PDF
Full model	01/01/2016	15/03/2016	14/04/2016	French	PDF
Full model	01/01/2015	17/03/2015	06/04/2015	French	PDF
Full model	01/01/2014	18/03/2014	18/04/2014	French	PDF
Full model	01/01/2013	19/03/2013	18/04/2013	French	PDF
Full model	01/01/2012	20/03/2012	17/04/2012	French	PDF
Full model	01/01/2011	15/03/2011	06/04/2011	French	PDF
Full model	01/01/2010	16/03/2010	08/04/2010	French	PDF
Full model	01/01/2009	17/03/2009	08/04/2009	French	PDF
Full model	01/01/2008	20/03/2008	15/04/2008	French	PDF
Full model	01/01/2007	20/03/2007	28/03/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 01/01/2025 · 4 active · 24 ended

Active mandates

Cécile VANSTEENKISTE

Director · since 23 août 2024 · until 19 mars 2030

Active

Cédric PITSCH

Managing director · since 23 août 2024 · until 19 mars 2030

Active

PITSCH Laurence

Director · since 23 août 2024 · until 19 mars 2030

Active

PITSCH Sébastien

Director · since 23 août 2024 · until 19 mars 2030

Active

Ended mandates

Cécile VANSTEENKISTE

Managing director · since 15 mars 2022 · until 21 mars 2028

Ended

Cédric PITSCH

Managing director · since 15 mars 2022 · until 21 mars 2028

Ended

René STEINBERG

Director · since 15 mars 2022 · until 21 mars 2028

Ended

René STEINBERG

Director · since 30 avril 2019 · until 15 mars 2022

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates07/03/2025
DEMISSIONS, NOMINATIONS
PDF
Other01/10/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates10/01/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates27/06/2019
DEMISSIONS, NOMINATIONS
PDF
Mandates13/08/2018
DEMISSIONS, NOMINATIONS
PDF
Mandates27/09/2016
DEMISSIONS, NOMINATIONS
PDF
Mandates16/03/2016
DEMISSIONS, NOMINATIONS
PDF
Mandates13/08/2014
DEMISSIONS, NOMINATIONS
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 20251,5 M €↑
2024
Annual accounts 2024461,6 k €↑
2023
Annual accounts 2023-132 k €↓
2022
Annual accounts 2022275,3 k €↑
2021
Annual accounts 20218,2 k €↓
2020
Annual accounts 2020612,3 k €↑
2019
Annual accounts 2019-64,2 k €↓
2018
Annual accounts 2018375 k €↑
2017
Annual accounts 2017-285,1 k €↓
2016
Annual accounts 2016410,3 k €↓
2015
Annual accounts 2015523,2 k €↑
2014
Annual accounts 2014462,1 k €↓
2013
Annual accounts 2013513,6 k €↑
2012
Annual accounts 2012427,1 k €↑
2011
Annual accounts 2011395,6 k €↓
2010
Annual accounts 2010514,9 k €↑
2009
Annual accounts 2009212,7 k €↓
2008
Annual accounts 2008317 k €
30/03/1950
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

ISOTHERMOS

Overview

What does ISOTHERMOS do?

Trend over 18 financial years

Indicative valuation

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline