ACTIVE

MORTIER ISOLATIEWERKEN

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Financial year 2025 · Closed on 31/12/2025

Net result384,6 k €-6,8 %over 1 year

Gross margin1,6 M €+6,9 %over 1 year

Equity1 M €+19,6 %over 1 year

Workforce17,1 ETP+18,8 %over 1 year

Identity

Source · BCE/KBO

MORTIER ISOLATIEWERKEN is a Public limited company incorporated in 1969. Its registered office is in Gent. It employs on average 17,1 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0406.750.692
Incorporation: 19/06/1969
Legal form: Public limited company
Registered office: Industrieweg 150
9030 Gent · FlandreSee on map
Contributed capital: 150 000,00 €
Latest accounts: 31/12/2025
Average workforce: 17,1 ETP

Joint committees (3)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 20 filings

Trend over 20 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	1,6 M €	+6.9%	1,5 M €	-3.1%	1,6 M €	+42.4%	1,1 M €	-15.8%	1,3 M €
EBITDA	564,6 k €	-7.6%	610,8 k €	-13.1%	702,4 k €	+166%	264 k €	-36.6%	416,1 k €
Operating result	454,1 k €	-8.6%	496,9 k €	-23.8%	651,9 k €	+198%	218,8 k €	-41.4%	373,7 k €
Net result	384,6 k €	-6.8%	412,7 k €	-30.6%	595,1 k €	+205%	194,9 k €	-28.6%	273 k €
Balance sheet
Equity	1 M €	+19.6%	840,7 k €	+4.1%	808 k €	+24.2%	650,4 k €	+7.4%	605,5 k €
Total assets	2,1 M €	+12.1%	1,9 M €	+1.3%	1,9 M €	+44.9%	1,3 M €	-2.7%	1,3 M €
Cash	375,1 k €	+88.2%	199,3 k €	-23.7%	261,4 k €	-29.7%	371,7 k €	+85.8%	200 k €
Debts	1,1 M €	+6.1%	1 M €	-0.8%	1,1 M €	+66.0%	633,5 k €	-11.3%	714,5 k €
Other
Workforce	17,1 ETP	+18.8%	14,4 ETP	-7.7%	15,6 ETP	-9.8%	17,3 ETP	-1.7%	17,6 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 21 ended

Active mandates

FENNECS

bestuurder · 0658.758.573

Represented by Felix DELVA

Active

ISOVEST

bestuurder · 0771.348.057

Represented by Sebastien DELVA

Active

Ended mandates

FENNECS

Director · since 03 novembre 2023 · until 03 novembre 2029 · 0658.758.573

Represented by Delva FELIX

Ended

ISOVEST

Director · since 03 novembre 2023 · until 03 novembre 2029 · 0771.348.057

Represented by Delva SEBASTIEN

Ended

FENNECS

Director · since 02 août 2021 · 0658.758.573

Represented by Delva FELIX

Ended

Isohold

Director · since 02 août 2021 · 0728.798.414

Represented by Delva SEBASTIEN

Ended

Other companies at this address

Industrieweg 150 9030 Gent

Company	CBE no.
NEBIM● Active	0436.033.806
NEBIM LEASE EN VERHUUR● Active	0400.179.339
NOLTEN VASTGOED● Active	0416.323.703

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	11/08/2026	04/07/2025	12/07/2024	11/08/2023	31/08/2022	04/06/2021
General meeting	30/05/2026	31/05/2025	25/05/2024	27/05/2023	28/05/2022	29/05/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	30/05/2026	11/08/2026	Dutch	PDF
Abridged model	31/12/2024	31/05/2025	04/07/2025	Dutch	PDF
Abridged model	31/12/2023	25/05/2024	12/07/2024	Dutch	PDF
Abridged model	31/12/2022	27/05/2023	11/08/2023	Dutch	PDF
Abridged model	31/12/2021	28/05/2022	31/08/2022	Dutch	PDF
Abridged model	31/12/2020	29/05/2021	04/06/2021	Dutch	PDF
Abridged model	31/12/2019	24/07/2020	06/08/2020	Dutch	PDF
Abridged model	31/12/2018	25/05/2019	10/07/2019	Dutch	PDF
Abridged model	31/12/2017	16/07/2018	27/07/2018	Dutch	PDF
Abridged model	31/12/2016	30/06/2017	28/07/2017	Dutch	PDF
Abridged model	31/12/2015	23/08/2016	31/08/2016	Dutch	PDF
Abridged model	31/12/2014	31/07/2015	27/08/2015	Dutch	PDF
Abridged model	31/12/2013	31/07/2014	29/08/2014	Dutch	PDF
Abridged model	31/12/2012	25/05/2013	17/06/2013	Dutch	PDF
Abridged model	31/12/2011	26/05/2012	11/06/2012	Dutch	PDF
Abridged model	31/12/2010	28/05/2011	07/06/2011	Dutch	PDF
Abridged model	31/12/2009	29/05/2010	15/06/2010	Dutch	PDF
Abridged model	31/12/2008	30/06/2009	19/08/2009	Dutch	PDF
Abridged model	31/12/2007	10/06/2008	18/08/2008	Dutch	PDF
Abridged model	31/12/2006	30/06/2007	20/07/2007	Dutch	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 5 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.

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 21 ended

Active mandates

FENNECS

bestuurder · 0658.758.573

Represented by Felix DELVA

Active

ISOVEST

bestuurder · 0771.348.057

Represented by Sebastien DELVA

Active

Ended mandates

FENNECS

Director · since 03 novembre 2023 · until 03 novembre 2029 · 0658.758.573

Represented by Delva FELIX

Ended

ISOVEST

Director · since 03 novembre 2023 · until 03 novembre 2029 · 0771.348.057

Represented by Delva SEBASTIEN

Ended

FENNECS

Director · since 02 août 2021 · 0658.758.573

Represented by Delva FELIX

Ended

Isohold

Director · since 02 août 2021 · 0728.798.414

Represented by Delva SEBASTIEN

Ended

Ownership and network

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Try for 7 days

Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates14/11/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN
PDF
Registered office12/09/2022
MAATSCHAPPELIJKE ZETEL
PDF
Mandates01/09/2021
ONTSLAGEN - BENOEMINGEN
PDF
Registered office19/05/2020
MAATSCHAPPELIJKE ZETEL
PDF
Mandates27/08/2019
ONTSLAGEN - BENOEMINGEN
PDF
Registered office21/03/2016
MAATSCHAPPELIJKE ZETEL
PDF
Mandates05/02/2015
ONTSLAGEN - BENOEMINGEN
PDF
Mandates24/09/2008
ONTSLAGEN - BENOEMINGEN
PDF

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

See the Business plan

Timeline

2025
Annual accounts 2025384,6 k €↓
2024
Annual accounts 2024412,7 k €↓
2023
Annual accounts 2023595,1 k €↑
2022
Annual accounts 2022194,9 k €↓
2021
Annual accounts 2021273 k €↓
2020
Annual accounts 2020421,2 k €↑
2019
Annual accounts 2019253,1 k €↑
2018
Annual accounts 2018134,6 k €↑
2017
Annual accounts 201779 k €↓
2016
Annual accounts 2016479,5 k €↑
2015
Annual accounts 201536,9 k €↓
2014
Annual accounts 2014166,1 k €↓
2013
Annual accounts 2013195,1 k €↑
2012
Annual accounts 2012111,5 k €↑
2011
Annual accounts 201187,8 k €↑
2010
Annual accounts 201058,7 k €↓
2009
Annual accounts 200967,2 k €↓
2008
Annual accounts 2008119,7 k €↓
2007
Annual accounts 2007176,8 k €↑
2006
Annual accounts 200640,2 k €
19/06/1969
IncorporationPublic limited company

MORTIER ISOLATIEWERKEN

Overview

Identity

Financials

Valuation

Indicative valuation

Board of directors

Other companies at this address

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

Timeline