NORMAL SITUATION

ISOREF

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Financial year 2021 · closed on 31/12/2021

Net result

321,2 €

-97.3% YoY

Gross margin

156,4 k €

+48.6% YoY

Equity

208 k €

+0.2% YoY

Workforce

2,0 ETP

0.0% YoY

Company — Normal situation.

What does ISOREF do?

ISOREF is a company registered in Belgium. It employs on average 2,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0426.809.995

Legal form

Public limited company

Contributed capital

62 000,00 €

Latest accounts

31/12/2021

Average workforce

2,0 ETP

Joint committees (2)

Signals

ProfitableSolid equityGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 16 financial years

	2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	156,4 k €	+48.6%	105,2 k €	-74.6%	414,6 k €	+110%	197,9 k €	+9.1%	181,4 k €	+5.3%	172,3 k €	-28.7%	241,7 k €	+49.5%	161,7 k €	-34.3%	246,1 k €	-3.7%	255,7 k €	+50.9%	169,4 k €	-4.3%	177 k €	+59.4%	111,1 k €	-41.5%	189,8 k €	-17.4%	229,8 k €	+58.4%	145,1 k €
EBITDA	15,2 k €	-29.5%	21,5 k €	-89.0%	195,7 k €	+416%	38 k €	+783%	4,3 k €	-93.5%	65,7 k €	+11.1%	59,2 k €	+520%	9,5 k €	-87.0%	73,2 k €	-7.0%	78,7 k €	+210%	25,4 k €	-23.4%	33,1 k €	+162%	12,6 k €	-68.4%	40 k €	+55.4%	25,7 k €	+59.4%	16,1 k €
Operating result	8 k €	-51.0%	16,4 k €	-91.4%	190,6 k €	+484%	32,7 k €	+2924%	1,1 k €	-98.3%	62,4 k €	+6.2%	58,7 k €	+2413%	2,3 k €	-95.8%	55,7 k €	-17.2%	67,3 k €	+319%	16,1 k €	-43.2%	28,3 k €	+294%	7,2 k €	-81.5%	38,7 k €	+56.4%	24,8 k €	+56.7%	15,8 k €
Net result	321,2 €	-97.3%	12 k €	-92.4%	158,7 k €	+749%	18,7 k €	+2103%	-933,3 €	-102%	44,1 k €	+3.0%	42,8 k €	+2000%	-2,3 k €	-107%	33,9 k €	-27.0%	46,4 k €	+762%	5,4 k €	-74.8%	21,4 k €	+1334%	1,5 k €	-92.9%	21,1 k €	+255%	5,9 k €	+96.5%	3 k €
Balance sheet
Equity	208 k €	+0.2%	207,6 k €	+6.1%	195,6 k €	+4.6%	187 k €	+11.1%	168,3 k €	-0.6%	169,2 k €	+0.3%	168,8 k €	+10.3%	153 k €	-1.5%	155,2 k €	+2.6%	151,3 k €	+12.2%	134,9 k €	+4.2%	129,5 k €	+19.8%	108,1 k €	+1.2%	106,8 k €	+24.7%	85,7 k €	+7.5%	79,7 k €
Total assets	382,1 k €	-4.0%	397,9 k €	-51.3%	817 k €	+138%	342,9 k €	-38.3%	555,8 k €	+72.4%	322,4 k €	-10.8%	361,6 k €	+38.4%	261,2 k €	-0.7%	263,1 k €	-9.2%	289,7 k €	-24.2%	382,4 k €	+15.4%	331,4 k €	+17.8%	281,4 k €	-1.6%	286 k €	-28.1%	397,6 k €	+20.1%	331,1 k €
Cash	51,8 k €	+187%	18 k €	-86.0%	128,2 k €	-14.6%	150,1 k €	+346%	33,7 k €	-14.1%	39,2 k €	-69.1%	126,7 k €	+616%	17,7 k €	-62.3%	46,9 k €	-56.9%	108,8 k €	+2.8%	105,8 k €	+712%	13 k €	-88.8%	116,4 k €	+139%	48,7 k €	+859%	5,1 k €	+158%	2 k €
Debts	171,2 k €	-6.9%	183,9 k €	-65.5%	533,3 k €	+294%	135,5 k €	-62.1%	357,1 k €	+141%	148,1 k €	+0.8%	147 k €	+59.7%	92 k €	-5.4%	97,3 k €	-22.1%	125 k €	-32.2%	184,3 k €	+27.7%	144,3 k €	+14.7%	125,7 k €	-4.5%	131,6 k €	-49.9%	262,5 k €	+4.4%	251,4 k €
Other
Workforce	2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP	-42.9%	3,5 ETP	-30.0%	5,0 ETP	+6.4%	4,7 ETP	-6.0%	5,0 ETP	+11.1%	4,5 ETP	+4.7%	4,3 ETP	-4.4%	4,5 ETP	+9.8%	4,1 ETP

Governance

Board of directors

Seen on filing of 31/12/2021 · 3 active · 28 ended

Active mandates

ENETEC

Director · since 01 avril 2014 · 0547.977.546

Active

REFRACTAIRES SERGE FONTAINE

Managing director · since 01 avril 2014 · 0545.822.958

Active

STEPHANE FONTAINE

Director · since 01 avril 2014

Active

Ended mandates

ENETEC

Director · since 28 mai 2020 · 0547.977.546

Ended

REFRACTAIRES SERGE FONTAINE

Managing director · since 28 mai 2020 · 0545.822.958

Ended

STEPHANE FONTAINE

Director · since 28 mai 2020

Ended

ENETEC

Director · since 01 avril 2014 · until 31 mars 2020 · 0547.977.546

Represented by Dominique DEJEAN

Ended

Annual accounts

Full financial information

	2021	2020	2019	2018	2017	2016
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2021	01/01/2020	01/01/2019	01/01/2018	01/01/2017	01/01/2016
Closing of the financial year	31/12/2021	31/12/2020	31/12/2019	31/12/2018	31/12/2017	31/12/2016
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	21/06/2022	17/06/2021	11/06/2020	17/06/2019	02/07/2018	15/06/2017
General meeting	03/05/2022	04/05/2021	28/05/2020	07/05/2019	02/05/2018	02/05/2017
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

37 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2021	03/05/2022	21/06/2022	French	PDF
Abridged model	31/12/2020	04/05/2021	17/06/2021	French	PDF
Abridged model	31/12/2019	28/05/2020	11/06/2020	French	PDF
Abridged model	31/12/2018	07/05/2019	17/06/2019	French	PDF
Abridged model	31/12/2017	02/05/2018	02/07/2018	French	PDF
Abridged model	31/12/2016	02/05/2017	15/06/2017	French	PDF
Abridged model	31/12/2015	31/05/2016	06/07/2016	French	PDF
Abridged model	31/12/2014	05/05/2015	29/05/2015	French	PDF
Abridged model	31/12/2013	27/05/2014	23/06/2014	French	PDF
Abridged model	31/12/2012	20/06/2013	25/06/2013	French	PDF
Abridged model	31/12/2011	22/05/2012	24/07/2012	French	PDF
Abridged model	31/12/2010	16/05/2011	28/07/2011	French	PDF
Abridged model	31/12/2009	05/05/2010	22/06/2010	French	PDF
Abridged model	31/12/2008	15/05/2009	16/06/2009	French	PDF
Abridged model	31/12/2007	15/05/2008	13/06/2008	French	PDF
Abridged model	31/12/2006	15/05/2007	11/07/2007	French	PDF
Abridged model	31/12/2005	16/05/2006	08/08/2006	French	PDF
Abridged model	31/12/2004	16/05/2005	22/06/2005	French	PDF
Abridged model	31/12/2003	18/05/2004	05/07/2004	French	PDF
Abridged model	31/12/2002	20/05/2003	30/06/2003	French	PDF
Abridged model	31/12/2001	21/05/2002	03/07/2002	French	PDF
Abridged model	31/12/2000	08/06/2001	12/06/2001	French	PDF
Abridged model	31/12/1999	31/05/2000	07/07/2000	French	PDF
Abridged model	31/12/1998	31/07/1999	24/08/1999	French	PDF

View all 37 filings

Estimate

Indicative valuation

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 31/12/2021 · 3 active · 28 ended

Active mandates

ENETEC

Director · since 01 avril 2014 · 0547.977.546

Active

REFRACTAIRES SERGE FONTAINE

Managing director · since 01 avril 2014 · 0545.822.958

Active

STEPHANE FONTAINE

Director · since 01 avril 2014

Active

Ended mandates

ENETEC

Director · since 28 mai 2020 · 0547.977.546

Ended

REFRACTAIRES SERGE FONTAINE

Managing director · since 28 mai 2020 · 0545.822.958

Ended

STEPHANE FONTAINE

Director · since 28 mai 2020

Ended

ENETEC

Director · since 01 avril 2014 · until 31 mars 2020 · 0547.977.546

Represented by Dominique DEJEAN

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Dissolution01/08/2022
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...) - RUBRIQUE FIN (CESSATION, ANNULATION CESSATION, NULLITE, CONC, REORGANISATION JUDICIAIRE, ETC...)
PDF
Restructuring26/04/2022
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Mandates16/06/2020
DEMISSIONS, NOMINATIONS
PDF
Registered office21/06/2019
SIEGE SOCIAL
PDF
Mandates24/04/2014
DEMISSIONS, NOMINATIONS
PDF
Mandates30/07/2013
DEMISSIONS, NOMINATIONS
PDF
Mandates18/03/2013
ADRESSE AUTRE QUE SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF
Capital / shares12/01/2012
CAPITAL, ACTIONS
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

2021
Annual accounts 2021321,2 €↓
2020
Annual accounts 202012 k €↓
2019
Annual accounts 2019158,7 k €↑
2018
Annual accounts 201818,7 k €↑
2017
Annual accounts 2017-933,3 €↓
2016
Annual accounts 201644,1 k €↑
2015
Annual accounts 201542,8 k €↑
2014
Annual accounts 2014-2,3 k €↓
2013
Annual accounts 201333,9 k €↓
2012
Annual accounts 201246,4 k €↑
2011
Annual accounts 20115,4 k €↓
2010
Annual accounts 201021,4 k €↑
2009
Annual accounts 20091,5 k €↓
2008
Annual accounts 200821,1 k €↑
2007
Annual accounts 20075,9 k €↑
2006
Annual accounts 20063 k €

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

ISOREF

Overview

What does ISOREF do?

Trend over 16 financial years

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