ACTIVE

INDUSTRIAL SERVICE

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Financial year 2026 · Closed on 31/03/2026

Net result167,3 k €+265,0 %over 1 year

Gross margin418,4 k €+12,0 %over 1 year

Equity489,6 k €-27,2 %over 1 year

Workforce4,4 ETP

Identity

Source · BCE/KBO

INDUSTRIAL SERVICE is a Public limited company incorporated in 1983. Its main activity is: Manufacture of weapons and ammunition. Its registered office is in Aalst. It employs on average 4,4 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0423.943.052
Incorporation: 13/04/1983
Legal form: Public limited company
Registered office: Wijngaardveld 22A
9300 Aalst · FlandreSee on map
Contributed capital: 92 563,00 €
Latest accounts: 31/03/2026
Average workforce: 4,4 ETP

Activities (NACE)

25402Manufacture of weapons and ammunition· main 25502Forging, pressing, stamping and roll-forming of metal; powder metallurgy 28402Manufacture of metal forming machinery and machine tools 28410Manufacture of metal forming machinery 28410Manufacture of metal forming machinery 29420Manufacture of motor vehicles, trailers and semi-trailers

Joint committees (3)

111
11111
209

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 20 filings

Trend over 20 financial years

	2026		2025		2024		2023		2022
Income statement
Gross margin	418,4 k €	+12.0%	373,5 k €	-15.4%	441,6 k €	-33.8%	667,3 k €	+1.8%	655,6 k €
EBITDA	281,7 k €	+131%	122,1 k €	-21.8%	156,2 k €	-57.1%	364,3 k €	+12.4%	324,1 k €
Operating result	238,6 k €	+215%	75,8 k €	-31.8%	111,2 k €	-65.9%	326,2 k €	+14.1%	286 k €
Net result	167,3 k €	+265%	45,8 k €	-44.4%	82,4 k €	-65.9%	241,4 k €	+13.6%	212,5 k €
Balance sheet
Equity	489,6 k €	-27.2%	672,3 k €	+7.3%	626,5 k €	-23.0%	814,1 k €	+5.4%	772,7 k €
Total assets	728,2 k €	-16.3%	870,5 k €	-13.6%	1 M €	+3.9%	970,2 k €	+7.3%	904,4 k €
Cash	366,3 k €	+20.5%	304 k €	+36.5%	222,7 k €	-12.4%	254,3 k €	-6.8%	272,8 k €
Debts	236,4 k €	+63.9%	144,2 k €	-60.3%	363,3 k €	+133%	156,1 k €	+18.5%	131,8 k €
Other
Workforce	4,4 ETP		–		9,3 ETP	-8.8%	10,2 ETP	0.0%	10,2 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/03/2026

1 active · 17 ended

Active mandates

K-MILL

Director · since 16 août 2022 · until 15 août 2028 · 0860.026.843

Represented by Katia DE SPIEGELEER

Active

Ended mandates

K-MILL

Director · since 06 septembre 2022 · until 06 septembre 2028 · 0860.026.843

Represented by Katia De Spiegeleer

Ended

Katia De Spiegeleer

Managing director · since 06 septembre 2022 · until 06 septembre 2028

Ended

K-MILL

Director · since 16 août 2022 · until 15 août 2028 · 0860.026.843

Represented by Katia DE SPIEGELEER

Ended

Katia De Spiegeleer

Managing director · since 16 août 2022 · until 15 août 2028

Ended

Other companies at this address

Wijngaardveld 22A 9300 Aalst

Company	CBE no.
GRINDUS● Active	0447.311.936

Full financial information

Source · NBB

	2026	2025	2024	2023	2022	2021
Type of account	Abridged model	Micro model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/04/2025	01/04/2024	01/04/2023	01/04/2022	01/04/2021	01/04/2020
Closing of the financial year	31/03/2026	31/03/2025	31/03/2024	31/03/2023	31/03/2022	31/03/2021
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	15/09/2026	21/10/2025	09/12/2024	04/03/2024	05/10/2022	21/10/2021
General meeting	25/08/2026	30/09/2025	30/09/2024	16/10/2023	06/09/2022	30/09/2021
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	31/03/2026	25/08/2026	15/09/2026	Dutch	PDF
Micro model	31/03/2025	30/09/2025	21/10/2025	Dutch	PDF
Abridged model	31/03/2024	30/09/2024	09/12/2024	Dutch	PDF
Abridged model	31/03/2023	16/10/2023	04/03/2024	Dutch	PDF
Abridged model	31/03/2022	06/09/2022	05/10/2022	Dutch	PDF
Abridged model	31/03/2021	30/09/2021	21/10/2021	Dutch	PDF
Abridged model	31/03/2020	27/10/2020	24/11/2020	Dutch	PDF
Abridged model	31/03/2019	20/08/2019	18/09/2019	Dutch	PDF
Abridged model	31/03/2018	21/08/2018	20/09/2018	Dutch	PDF
Abridged model	31/03/2017	16/08/2017	04/09/2017	Dutch	PDF
Abridged model	31/03/2016	16/08/2016	01/09/2016	Dutch	PDF
Abridged model	31/03/2015	18/08/2015	17/09/2015	Dutch	PDF
Abridged model	31/03/2014	22/08/2014	28/08/2014	Dutch	PDF
Abridged model	31/03/2013	05/09/2013	03/10/2013	Dutch	PDF
Abridged model	31/03/2012	28/09/2012	25/10/2012	Dutch	PDF
Abridged model	31/03/2011	26/08/2011	08/09/2011	Dutch	PDF
Abridged model	31/03/2010	17/08/2010	10/09/2010	Dutch	PDF
Abridged model	31/03/2009	18/08/2009	15/09/2009	Dutch	PDF
Abridged model	31/03/2008	29/08/2008	25/09/2008	Dutch	PDF
Abridged model	31/03/2007	21/08/2007	20/09/2007	Dutch	PDF

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.

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 31/03/2026

1 active · 17 ended

Active mandates

K-MILL

Director · since 16 août 2022 · until 15 août 2028 · 0860.026.843

Represented by Katia DE SPIEGELEER

Active

Ended mandates

K-MILL

Director · since 06 septembre 2022 · until 06 septembre 2028 · 0860.026.843

Represented by Katia De Spiegeleer

Ended

Katia De Spiegeleer

Managing director · since 06 septembre 2022 · until 06 septembre 2028

Ended

K-MILL

Director · since 16 août 2022 · until 15 août 2028 · 0860.026.843

Represented by Katia DE SPIEGELEER

Ended

Katia De Spiegeleer

Managing director · since 16 août 2022 · until 15 août 2028

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates11/07/2025
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN
PDF
Mandates10/11/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates16/09/2016
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares23/01/2012
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates16/09/2010
ONTSLAGEN - BENOEMINGEN
PDF
Mandates01/10/2004
ONTSLAGEN - BENOEMINGEN
PDF

Similar companies

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

See the Business plan

Timeline

2026
Annual accounts 2026167,3 k €↑
2025
Annual accounts 202545,8 k €↓
2024
Annual accounts 202482,4 k €↓
2023
Annual accounts 2023241,4 k €↑
2022
Annual accounts 2022212,5 k €↑
2021
Annual accounts 202192,8 k €↓
2020
Annual accounts 2020115,1 k €↑
2019
Annual accounts 201969,3 k €↑
2018
Annual accounts 201865,9 k €↓
2017
Annual accounts 201775,9 k €↓
2016
Annual accounts 201676,4 k €↓
2015
Annual accounts 2015149,8 k €↓
2014
Annual accounts 2014155,4 k €↑
2013
Annual accounts 2013110,1 k €↑
2012
Annual accounts 201293,3 k €↓
2011
Annual accounts 2011151,3 k €↑
2010
Annual accounts 20107,9 k €↓
2009
Annual accounts 2009124 k €↓
2008
Annual accounts 2008363,8 k €↑
2007
Annual accounts 2007202,4 k €
13/04/1983
IncorporationPublic limited company

INDUSTRIAL SERVICE

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