ISTEMA
0421.104.219 · rovalta.com · 25/09/2026
ACTIVE
ISTEMA
Financial year 2025 · Closed on 31/12/2025
Net result21,2 k €-33,8 %over 1 year
Gross margin2 M €+5,0 %over 1 year
Equity1,1 M €+1,9 %over 1 year
Workforce22,9 ETP+2,2 %over 1 year
Overview
Identity
Source · BCE/KBOISTEMA is a Public limited company incorporated in 1980. Its registered office is in Gent. It employs on average 22,9 ETP workers (FTE).
- Legal situation
- Normal situation
- BCE/KBO no. / VAT
- BE 0421.104.219
- Incorporation
- 30/12/1980
- Legal form
- Public limited company
- Registered office
- Voskenslaan 332
9000 Gent · FlandreSee on map - Contributed capital
- 62 000,00 €
- Latest accounts
- 31/12/2025
- Average workforce
- 22,9 ETP
Joint committees (3)
- 100
- 200
- 218
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts
Financials
Source · NBB, 20 filingsTrend over 18 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | |||||
|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||
| Gross margin | 2 M € | +5.0% | 1,9 M € | -3.9% | 2 M € | +8.2% | 1,8 M € | +5.5% | 1,7 M € |
| EBITDA | 128,3 k € | -9.3% | 141,4 k € | -8.1% | 153,9 k € | +25.7% | 122,4 k € | -61.8% | 320,1 k € |
| Operating result | 42,2 k € | -16.2% | 50,3 k € | -38.1% | 81,4 k € | +70.9% | 47,6 k € | -79.5% | 232,6 k € |
| Net result | 21,2 k € | -33.8% | 32 k € | -36.2% | 50,2 k € | -8.9% | 55,1 k € | -78.7% | 258,7 k € |
| Balance sheet | |||||||||
| Equity | 1,1 M € | +1.9% | 1,1 M € | +2.9% | 1,1 M € | +0.9% | 1,1 M € | +5.4% | 1 M € |
| Total assets | 1,7 M € | +5.1% | 1,6 M € | -10.7% | 1,8 M € | -1.7% | 1,8 M € | -1.0% | 1,8 M € |
| Cash | 352,2 k € | +7.2% | 328,7 k € | -26.2% | 445,5 k € | +4.9% | 424,6 k € | +0.5% | 422,6 k € |
| Debts | 529,8 k € | +12.4% | 471,2 k € | -31.4% | 686,4 k € | -4.7% | 720 k € | -9.6% | 796,2 k € |
| Other | |||||||||
| Workforce | 22,9 ETP | +2.2% | 22,4 ETP | -3.9% | 23,3 ETP | -0.9% | 23,5 ETP | +12.4% | 20,9 ETP |
Valuation
Indicative valuation
As an indication, this company is worth
between 1 M€ and 2,5 M€
See the valuationBoard of directors
Source · NBB, accounts to 31/12/20252 active · 36 ended
Active mandates
Luc Delagaye
ActiveActive
Ended mandates
Other companies at this address
Voskenslaan 332 9000 Gent| Company | CBE no. |
|---|---|
maatschap Hermes● Active | 1011.557.174 |
Financials
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 | 05/05/2026 | 30/04/2025 | 26/05/2024 | 03/05/2023 | 02/05/2022 | 01/07/2021 |
| General meeting | 28/04/2026 | 29/04/2025 | 30/04/2024 | 25/04/2023 | 26/04/2022 | 30/06/2021 |
| 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 · NBBLooking for more information about this company?
Try for 7 daysAnnual accounts filings
Source · NBB, 20 filings| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Abridged model | 31/12/2025 | 28/04/2026 | 05/05/2026 | Dutch | |
| Abridged model | 31/12/2024 | 29/04/2025 | 30/04/2025 | Dutch | |
| Abridged model | 31/12/2023 | 30/04/2024 | 26/05/2024 | Dutch | |
| Abridged model | 31/12/2022 | 25/04/2023 | 03/05/2023 | Dutch | |
| Abridged model | 31/12/2021 | 26/04/2022 | 02/05/2022 | Dutch | |
| Abridged model | 31/12/2020 | 30/06/2021 | 01/07/2021 | Dutch | |
| Abridged model | 31/12/2019 | 05/06/2020 | 16/06/2020 | Dutch | |
| Abridged model | 31/12/2018 | 31/05/2019 | 28/06/2019 | Dutch | |
| Abridged model | 31/12/2017 | 24/04/2018 | 25/04/2018 | Dutch | |
| Abridged model | 31/12/2016 | 25/04/2017 | 15/05/2017 | Dutch | |
| Abridged model | 31/12/2015 | 26/04/2016 | 20/05/2016 | Dutch | |
| Abridged model | 31/12/2014 | 28/04/2015 | 27/05/2015 | Dutch | |
| Abridged model | 31/12/2013 | 29/04/2014 | 28/05/2014 | Dutch | |
| Abridged model | 31/12/2012 | 30/04/2013 | 07/05/2013 | Dutch | |
| Abridged model | 31/12/2011 | 24/04/2012 | 16/05/2012 | Dutch | |
| Abridged model | 31/12/2010 | 26/04/2011 | 06/05/2011 | Dutch | |
| Abridged model | 31/12/2009 | 27/04/2010 | 25/05/2010 | Dutch | |
| Abridged model | 31/12/2008 | 25/04/2009 | 20/05/2009 | Dutch | |
| Abridged model | 31/12/2007 | 29/04/2008 | 26/05/2008 | Dutch | |
| Abridged model | 31/12/2006 | 24/04/2007 | 21/05/2007 | Dutch |
Valuation
Indicative valuation
Order of magnitude
As an indication, this company is worth
between 1 M€ and 2,5 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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Board of directors
Source · NBB, accounts to 31/12/20252 active · 36 ended
Active mandates
Luc Delagaye
ActiveActive
Ended mandates
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette publications
Source · Belgian Official Gazette- Mandates22/05/2026ONTSLAGEN - BENOEMINGEN
- Mandates14/06/2024ONTSLAGEN - BENOEMINGEN
- Mandates24/04/2023STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DOEL - ONTSLAGEN - BENOEMINGEN
- Mandates14/03/2023ONTSLAGEN - BENOEMINGEN
- Mandates06/06/2018ONTSLAGEN - BENOEMINGEN
- Mandates01/06/2012ONTSLAGEN - BENOEMINGEN
- Capital / shares28/03/2012BENAMING - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
- Mandates14/06/2010ONTSLAGEN - BENOEMINGEN
Similar companies
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 202521,2 k €↓
- 2024Annual accounts 202432 k €↓
- 2023Annual accounts 202350,2 k €↓
- 2022Annual accounts 202255,1 k €↓
- 2021Annual accounts 2021258,7 k €↑
- 2018Annual accounts 2018-53,7 k €↓
- 2017Annual accounts 201720,4 k €↓
- 2016Annual accounts 201633,9 k €↓
- 2015Annual accounts 201578,2 k €↑
- 2014Annual accounts 201451,9 k €↑
- 2013Annual accounts 201338,5 k €↑
- 2012Annual accounts 201214,7 k €↓
- 2011Annual accounts 201132,4 k €↑
- 2010Annual accounts 20103,3 k €↓
- 2009Annual accounts 2009115,5 k €↓
- 2008Annual accounts 2008160,5 k €↑
- 2007Annual accounts 2007103,5 k €↓
- 2006Annual accounts 2006112,1 k €
- 30/12/1980IncorporationPublic limited company