ACTIVE

INSAL

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Financial year 2025 · closed on 31/12/2025

Net result

16 k €

-46.3% YoY

Gross margin

35,4 k €

-25.8% YoY

Equity

333,7 k €

+5.0% YoY

What does INSAL do?

INSAL is a Public limited company incorporated in 1987. Its main activity is: Sports activities and amusement and recreation activities. Its registered office is in Antwerpen.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0430.629.718

Incorporation

27/02/1987

Legal form

Public limited company

Registered office

Gitschotellei 312
2140 Antwerpen · FlandreSee on map

Contributed capital

62 000,00 €

Latest accounts

31/12/2025

Activities (NACE)

93013Sports activities and amusement and recreation activities· main 96012Washing and (dry-)cleaning of textile and fur products 96102Other personal service activities 42220Construction of utility projects for electricity and telecommunications 42220Construction of utility projects for electricity and telecommunications 45215Maintenance and repair of motor vehicles+3

Joint committees (3)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	35,4 k €	-25.8%	47,7 k €	-38.7%	77,8 k €	+60.2%	48,6 k €	-28.1%	67,6 k €	+311%	16,4 k €	-83.2%	97,9 k €	-32.2%	144,5 k €	-13.7%	167,3 k €	+167%	62,7 k €	-89.4%	590,6 k €	+1172%	46,4 k €	-64.2%	129,7 k €	-35.4%	200,9 k €	+92.7%	104,3 k €	-52.0%	217,4 k €	+95.3%	111,3 k €	+52.5%	73 k €	-72.6%	266,8 k €	+2.3%	260,8 k €
EBITDA	26,1 k €	-42.2%	45 k €	-40.1%	75,2 k €	+63.3%	46 k €	-29.4%	65,2 k €	+2266%	2,8 k €	-94.5%	50 k €	-44.8%	90,5 k €	-28.2%	126,1 k €	+449%	23 k €	-94.9%	448,7 k €	+1629%	-29,4 k €	-221%	24,2 k €	-77.3%	106,7 k €	+384%	22 k €	-85.0%	147,2 k €	+419%	28,4 k €	+93.2%	14,7 k €	-92.5%	195,6 k €	-0.3%	196,2 k €
Operating result	25,2 k €	-43.6%	44,7 k €	-33.1%	66,9 k €	+87.2%	35,7 k €	-34.6%	54,6 k €	+651%	-9,9 k €	-298%	5 k €	-93.0%	71,6 k €	-33.4%	107,6 k €	+2830%	3,7 k €	-99.1%	418,8 k €	+1000%	-46,5 k €	-988%	5,2 k €	-93.2%	77,4 k €	+11261%	-693,3 €	-101%	126,3 k €	+760%	14,7 k €	+227%	-11,6 k €	-108%	153,9 k €	+0.7%	152,7 k €
Net result	16 k €	-46.3%	29,8 k €	-28.4%	41,6 k €	+91.3%	21,8 k €	-41.6%	37,3 k €	+403%	-12,3 k €	-901%	1,5 k €	-96.5%	44 k €	-30.8%	63,6 k €	+1145%	5,1 k €	-98.0%	261,8 k €	+792%	-37,8 k €	-317%	17,4 k €	-72.3%	62,9 k €	+4053%	1,5 k €	-98.5%	102,4 k €	+423%	19,6 k €	+1277%	-1,7 k €	-101%	112 k €	+5.7%	106 k €
Balance sheet
Equity	333,7 k €	+5.0%	317,7 k €	+10.4%	287,9 k €	-7.1%	309,8 k €	-42.0%	534,4 k €	+7.5%	497,1 k €	-2.4%	509,4 k €	-46.8%	957,9 k €	+4.8%	913,9 k €	+7.5%	850,3 k €	+0.6%	845,2 k €	+44.9%	583,5 k €	-6.1%	621,3 k €	-5.0%	653,9 k €	+10.6%	591 k €	+0.3%	589,5 k €	+21.0%	487,1 k €	+4.2%	467,6 k €	-0.4%	469,2 k €	+31.4%	357,2 k €
Total assets	349,7 k €	+1.5%	344,6 k €	+5.2%	327,6 k €	-7.2%	353 k €	-36.7%	558,1 k €	+9.0%	512 k €	-2.3%	523,9 k €	-50.8%	1,1 M €	+6.7%	997,9 k €	+6.3%	938,4 k €	-2.6%	963,1 k €	+55.4%	619,6 k €	-7.2%	667,7 k €	-8.2%	727 k €	+6.2%	684,3 k €	-7.5%	740 k €	+36.1%	543,7 k €	+5.3%	516,2 k €	-0.8%	520,4 k €	+15.5%	450,4 k €
Cash	283 k €	-6.0%	301,1 k €	+20.5%	250 k €	-8.0%	271,6 k €	-39.3%	447,8 k €	+5.6%	424,2 k €	+33.1%	318,8 k €	-58.7%	772,4 k €	+8.0%	714,9 k €	+15.5%	619,1 k €	+15.2%	537,5 k €	+19.0%	451,6 k €	+7.5%	420,2 k €	+42.8%	294,3 k €	-12.5%	336,4 k €	-19.1%	416,1 k €	+41.2%	294,7 k €	-14.5%	344,5 k €	+638%	46,7 k €	-10.5%	52,2 k €
Debts	16 k €	-40.6%	26,9 k €	-32.4%	39,8 k €	-8.1%	43,3 k €	+82.1%	23,8 k €	+59.7%	14,9 k €	+3.2%	14,4 k €	-81.6%	78,4 k €	+52.5%	51,4 k €	+38.3%	37,2 k €	-28.1%	51,7 k €	+145%	21,1 k €	-13.1%	24,3 k €	-52.4%	51,1 k €	-29.0%	72 k €	-11.4%	81,2 k €	+90.2%	42,7 k €	+14.7%	37,3 k €	+30.6%	28,5 k €	-62.3%	75,7 k €
Other
Workforce	–		–		–		–		–		0,1 ETP	-87.5%	0,8 ETP	0.0%	0,8 ETP	0.0%	0,8 ETP	0.0%	0,8 ETP	-38.5%	1,3 ETP	-38.1%	2,1 ETP	+5.0%	2,0 ETP	+11.1%	1,8 ETP	+38.5%	1,3 ETP	0.0%	1,3 ETP	+8.3%	1,2 ETP	0.0%	1,2 ETP	0.0%	1,2 ETP	0.0%	1,2 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 10 ended

Active mandates

Annie Rosiers

Director · since 05 juillet 2023 · until 25 mai 2029

Active

Francis Barrea

Managing director · since 05 juillet 2023 · until 25 mai 2029

Active

Ended mandates

An ROSIERS

Director · since 05 juillet 2023 · until 25 mai 2029

Ended

An ROSIERS

Director · since 25 mai 2019 · until 25 mai 2025

Ended

FRANCIS BARREA

Managing director · since 25 mai 2019 · until 25 mai 2025

Ended

Immof

Director · since 25 mai 2019 · until 25 mai 2025 · 0427.985.972

Represented by Francis BARREA

Ended

At this address

Other companies at this address

Company	CBE no.
Immof● Active	0427.985.972

Annual accounts

Full financial information

	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	01/04/2026	03/06/2025	04/06/2024	25/05/2023	01/06/2022	07/06/2021
General meeting	30/03/2026	25/05/2025	25/05/2024	25/05/2023	25/05/2022	25/05/2021
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

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	30/03/2026	01/04/2026	Dutch	PDF
Abridged model	31/12/2024	25/05/2025	03/06/2025	Dutch	PDF
Abridged model	31/12/2023	25/05/2024	04/06/2024	Dutch	PDF
Abridged model	31/12/2022	25/05/2023	25/05/2023	Dutch	PDF
Abridged model	31/12/2021	25/05/2022	01/06/2022	Dutch	PDF
Abridged model	31/12/2020	25/05/2021	07/06/2021	Dutch	PDF
Abridged model	31/12/2019	25/05/2020	15/06/2020	Dutch	PDF
Abridged model	31/12/2018	25/05/2019	03/06/2019	Dutch	PDF
Abridged model	31/12/2017	25/05/2018	11/06/2018	Dutch	PDF
Abridged model	31/12/2016	25/05/2017	06/06/2017	Dutch	PDF
Abridged model	31/12/2015	25/05/2016	06/06/2016	Dutch	PDF
Abridged model	31/12/2014	25/05/2015	11/06/2015	Dutch	PDF
Abridged model	31/12/2013	26/05/2014	20/06/2014	Dutch	PDF
Abridged model	31/12/2012	25/05/2013	12/06/2013	Dutch	PDF
Abridged model	31/12/2011	25/05/2012	05/06/2012	Dutch	PDF
Abridged model	31/12/2010	25/05/2011	29/07/2011	Dutch	PDF
Abridged model	31/12/2009	25/05/2010	26/05/2010	Dutch	PDF
Abridged model	31/12/2008	25/05/2009	26/05/2009	Dutch	PDF
Abridged model	31/12/2007	25/05/2008	30/05/2008	Dutch	PDF
Abridged model	31/12/2006	25/05/2007	11/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 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 · 2 active · 10 ended

Active mandates

Annie Rosiers

Director · since 05 juillet 2023 · until 25 mai 2029

Active

Francis Barrea

Managing director · since 05 juillet 2023 · until 25 mai 2029

Active

Ended mandates

An ROSIERS

Director · since 05 juillet 2023 · until 25 mai 2029

Ended

An ROSIERS

Director · since 25 mai 2019 · until 25 mai 2025

Ended

FRANCIS BARREA

Managing director · since 25 mai 2019 · until 25 mai 2025

Ended

Immof

Director · since 25 mai 2019 · until 25 mai 2025 · 0427.985.972

Represented by Francis BARREA

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates07/08/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN
PDF
Mandates24/06/2019
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares08/02/2019
KAPITAAL - AANDELEN
PDF
Capital / shares13/12/2013
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates02/07/2013
ONTSLAGEN - BENOEMINGEN
PDF
Other14/07/2008
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates28/06/2007
ONTSLAGEN - BENOEMINGEN
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

2025
Annual accounts 202516 k €↓
2024
Annual accounts 202429,8 k €↓
2023
Annual accounts 202341,6 k €↑
2022
Annual accounts 202221,8 k €↓
2021
Annual accounts 202137,3 k €↑
2020
Annual accounts 2020-12,3 k €↓
2019
Annual accounts 20191,5 k €↓
2018
Annual accounts 201844 k €↓
2017
Annual accounts 201763,6 k €↑
2016
Annual accounts 20165,1 k €↓
2015
Annual accounts 2015261,8 k €↑
2014
Annual accounts 2014-37,8 k €↓
2013
Annual accounts 201317,4 k €↓
2012
Annual accounts 201262,9 k €↑
2011
Annual accounts 20111,5 k €↓
2010
Annual accounts 2010102,4 k €↑
2009
Annual accounts 200919,6 k €↑
2008
Annual accounts 2008-1,7 k €↓
2007
Annual accounts 2007112 k €↑
2006
Annual accounts 2006106 k €
27/02/1987
IncorporationPublic limited company

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

INSAL

Overview

What does INSAL do?

Trend over 20 financial years

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