ACTIVE

INDUSTRIAL ENGINEERING SUPPORT

Financial year 2025 · closed on 31/12/2025
Net result
3,6 k €
+44.6% YoY
Gross margin
253,6 k €
-45.5% YoY
Equity
77,5 k €
-2.4% YoY
Workforce
4,3 ETP
-36.8% YoY

What does INDUSTRIAL ENGINEERING SUPPORT do?

INDUSTRIAL ENGINEERING SUPPORT is a Public limited company incorporated in 1986. Its main activity is: Engineering activities and related technical consultancy. Its registered office is in Waterloo. It employs on average 4,3 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0429.498.182
Incorporation
29/09/1986
Legal form
Public limited company
Registered office
Avenue des Alliés 48
1410 Waterloo · WallonieSee on map
Contributed capital
61 500,00 €
Latest accounts
31/12/2025
Average workforce
4,3 ETP
Joint committees (2)
  • 100
  • 218
Signals
ProfitableLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 20 financial years

20252024202320222021202020192018201720162015201420132012201120102009200820072006
Income statement
Gross margin253,6 k €465,5 k €479,6 k €389,2 k €406,6 k €431,9 k €907,4 k €1,2 M €1 M €996 k €923,3 k €982,6 k €1,1 M €1,4 M €1,6 M €1,2 M €1,5 M €1,6 M €1,2 M €1,4 M €
EBITDA22,1 k €58,6 k €42,4 k €-16,1 k €39,9 k €6,3 k €138,8 k €186,2 k €115,4 k €149,7 k €71,8 k €46,7 k €62,1 k €153,8 k €301,8 k €79,6 k €257 k €347,7 k €169,7 k €220,4 k €
Operating result11,5 k €45,4 k €25,7 k €-41,1 k €14,8 k €-10,8 k €125,4 k €174,8 k €78 k €113,6 k €44 k €20,8 k €51,3 k €142,7 k €273,7 k €53 k €232,6 k €321,5 k €137,8 k €190,5 k €
Net result3,6 k €2,5 k €15 k €-54,2 k €-17,2 k €-35,6 k €62,1 k €82 k €-5,7 k €21,5 k €60,6 k €-32,9 k €-24,3 k €308,1 k €159,9 k €40,4 k €133,2 k €195,2 k €5,1 k €91,4 k €
Balance sheet
Equity77,5 k €79,5 k €77 k €61,9 k €116,2 k €186,8 k €222,4 k €160,3 k €78,3 k €214 k €242,5 k €341,9 k €374,8 k €399,1 k €416,9 k €357,1 k €466,7 k €633,4 k €438,2 k €433,1 k €
Total assets439 k €903,9 k €926,7 k €879,8 k €910,5 k €987,1 k €991,8 k €1,1 M €1,5 M €970 k €887,2 k €871,3 k €985 k €970,7 k €785,9 k €747,9 k €827,5 k €1,1 M €828,9 k €874,9 k €
Cash1,2 k €1,6 k €43,7 k €35,8 k €134,2 k €247,2 k €159,7 k €150,1 k €421,2 k €61,7 k €21,9 k €53,7 k €95,2 k €35 k €21,7 k €49 k €149,8 k €73,5 k €52 k €95,5 k €
Debts361,5 k €824,5 k €849,8 k €817,8 k €794,4 k €795,4 k €769,4 k €906,4 k €1,5 M €756 k €644,7 k €487,1 k €549,3 k €495,6 k €368,9 k €390,8 k €360,8 k €493,7 k €390,7 k €430,5 k €
Other
Workforce4,3 ETP6,8 ETP7,0 ETP6,9 ETP6,9 ETP9,0 ETP13,5 ETP18,4 ETP17,0 ETP16,2 ETP17,3 ETP19,9 ETP24,9 ETP25,7 ETP22,3 ETP26,1 ETP29,7 ETP26,2 ETP28,8 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 11 ended

Active mandates

MICHEL LIETART

Director · since 07 mai 2025

Active

Ended mandates

DOMINIQUE DUCOBU

Director · since 18 mai 2018 · until 18 mai 2024

Ended
DOMINIQUE DUCOBU

Director · since 18 mai 2018 · until 07 mai 2025

Ended
MICHEL LIETART

Managing director · since 18 mai 2018 · until 18 mai 2024

Ended
DOMINIQUE DUCOBU

Director · since 18 mai 2017 · until 18 mai 2023

Ended
At this address

Other companies at this address

CompanyCBE no.
TEXTISSActive
0425.480.503
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date11/08/202628/05/202507/06/202430/08/202331/08/202221/06/2021
General meeting27/05/202628/05/202522/05/202424/05/202325/05/202226/05/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

21 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202527/05/202611/08/2026FrenchPDF
Abridged model31/12/202428/05/202528/05/2025FrenchPDF
Abridged model31/12/202322/05/202407/06/2024FrenchPDF
Abridged model31/12/202224/05/202330/08/2023FrenchPDF
Abridged model31/12/202125/05/202231/08/2022FrenchPDF
Abridged model31/12/202026/05/202121/06/2021FrenchPDF
Abridged model31/12/201901/09/202010/09/2020FrenchPDF
Abridged model31/12/201822/05/201928/08/2019FrenchPDF
Abridged model31/12/201723/05/201827/08/2018FrenchPDF
Micro model31/12/201624/05/201730/08/2017FrenchPDF
Abridged model31/12/201525/05/201630/08/2016FrenchPDF
Abridged model31/12/201424/05/201519/08/2015FrenchPDF
Abridged model31/12/201322/05/201430/09/2014FrenchPDF
Abridged modelCorrection31/12/201221/09/201321/09/2013FrenchPDF
Abridged model31/12/201215/05/201331/08/2013FrenchPDF
Abridged model31/12/201125/05/201227/08/2012FrenchPDF
Abridged model31/12/201018/05/201121/08/2011FrenchPDF
Abridged model31/12/200919/05/201009/08/2010FrenchPDF
Abridged model31/12/200820/05/200931/08/2009FrenchPDF
Abridged model31/12/200721/05/200831/10/2008FrenchPDF
Abridged model31/12/200616/05/200721/08/2007FrenchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

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 31/12/2025 · 1 active · 11 ended

Active mandates

MICHEL LIETART

Director · since 07 mai 2025

Active

Ended mandates

DOMINIQUE DUCOBU

Director · since 18 mai 2018 · until 18 mai 2024

Ended
DOMINIQUE DUCOBU

Director · since 18 mai 2018 · until 07 mai 2025

Ended
MICHEL LIETART

Managing director · since 18 mai 2018 · until 18 mai 2024

Ended
DOMINIQUE DUCOBU

Director · since 18 mai 2017 · until 18 mai 2023

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates09/05/2025
    SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
    PDF
  • Mandates08/07/2024
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates25/10/2018
    DEMISSIONS, NOMINATIONS
    PDF
  • Capital / shares18/01/2012
    CAPITAL, ACTIONS
    PDF
  • Mandates11/10/2011
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates08/08/2005
    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

Timeline

  1. 2025
    Annual accounts 20253,6 k €
  2. 2024
    Annual accounts 20242,5 k €
  3. 2023
    Annual accounts 202315 k €
  4. 2022
    Annual accounts 2022-54,2 k €
  5. 2021
    Annual accounts 2021-17,2 k €
  6. 2020
    Annual accounts 2020-35,6 k €
  7. 2019
    Annual accounts 201962,1 k €
  8. 2018
    Annual accounts 201882 k €
  9. 2017
    Annual accounts 2017-5,7 k €
  10. 2016
    Annual accounts 201621,5 k €
  11. 2015
    Annual accounts 201560,6 k €
  12. 2014
    Annual accounts 2014-32,9 k €
  13. 2013
    Annual accounts 2013-24,3 k €
  14. 2012
    Annual accounts 2012308,1 k €
  15. 2011
    Annual accounts 2011159,9 k €
  16. 2010
    Annual accounts 201040,4 k €
  17. 2009
    Annual accounts 2009133,2 k €
  18. 2008
    Annual accounts 2008195,2 k €
  19. 2007
    Annual accounts 20075,1 k €
  20. 2006
    Annual accounts 200691,4 k €
  21. 29/09/1986
    IncorporationPublic limited company