ACTIVE

ISMA

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Financial year 2025 · closed on 31/12/2025

Net result

445,1 k €

-72.7% YoY

Revenue

731,5 k €

Equity

1,7 M €

+35.9% YoY

Workforce

4,4 ETP

-2.2% YoY

What does ISMA do?

ISMA is a Public limited company incorporated in 1990. Its registered office is in Kontich. It employs on average 4,4 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0442.832.912

Incorporation

21/12/1990

Legal form

Public limited company

Registered office

Heiveldekens 8
2550 Kontich · FlandreSee on map

Contributed capital

470 997,70 €

Latest accounts

31/12/2025

Average workforce

4,4 ETP

Joint committees (5)

100
1000
200
2000
218

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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
Revenue	731,5 k €		–		676,1 k €	+29.7%	521,2 k €	+14.4%	455,6 k €	+17.7%	387,1 k €	-3.9%	402,8 k €	+5.3%	382,6 k €	+12.1%	341,3 k €	-1.9%	347,8 k €	+17.8%	295,1 k €	-1.7%	300,2 k €	+38.0%	217,5 k €	+4.4%	208,4 k €	-7.7%	225,8 k €	+11.7%	202,2 k €	+2.1%	198,0 k €	-23.4%	258,4 k €	-5.0%	272,1 k €	-40.1%	454,0 k €
EBITDA	76,1 k €	-50.2%	152,7 k €	+401%	30,5 k €	-68.7%	97,2 k €	+1298%	7,0 k €	+166%	-10,6 k €	-153%	19,9 k €	+61.4%	12,3 k €	-81.0%	65,0 k €	+78.9%	36,3 k €	+281%	-20,1 k €	-133%	61,6 k €	+77.9%	34,7 k €	+127%	-128,7 k €	-434%	38,5 k €	-49.0%	75,4 k €	+318%	-34,5 k €	-745%	-4,1 k €	-111%	35,7 k €	-85.1%	240,0 k €
Operating result	75,0 k €	-50.8%	152,5 k €	+417%	29,5 k €	-69.6%	97,1 k €	+1295%	7,0 k €	+165%	-10,7 k €	-222%	8,8 k €	+145%	-19,3 k €	-363%	7,3 k €	+130%	-24,7 k €	+69.4%	-80,9 k €	-889%	10,3 k €	+134%	4,4 k €	+103%	-133,0 k €	-450%	38,0 k €	-49.2%	74,9 k €	+314%	-35,0 k €	-745%	-4,1 k €	-112%	35,7 k €	-85.1%	240,0 k €
Net result	445,1 k €	-72.7%	1,6 M €	+7758%	20,8 k €	-97.9%	987,7 k €	+227%	302,3 k €	+2254%	-14,0 k €	-107%	209,4 k €	+8.1%	193,7 k €	+2.7%	188,6 k €	-73.4%	708,9 k €	+1521%	43,7 k €	-62.5%	116,6 k €	-61.0%	299,1 k €	+180%	106,8 k €	+161%	40,9 k €	-60.8%	104,4 k €	-74.2%	404,4 k €	+18.8%	340,4 k €	-33.8%	514,5 k €	+17.0%	439,7 k €
Balance sheet
Equity	1,7 M €	+35.9%	1,2 M €	-23.0%	1,6 M €	+1.3%	1,6 M €	-3.8%	1,7 M €	+0.1%	1,6 M €	-0.8%	1,7 M €	+14.1%	1,5 M €	-1.5%	1,5 M €	-2.9%	1,5 M €	-9.5%	1,7 M €	+0.8%	1,7 M €	+5.4%	1,6 M €	-1.3%	1,6 M €	-1.4%	1,6 M €	+1.3%	1,6 M €	+7.0%	1,5 M €	+36.8%	1,1 M €	-9.1%	1,2 M €	+10.5%	1,1 M €
Total assets	1,9 M €	-27.7%	2,6 M €	+49.0%	1,8 M €	+4.4%	1,7 M €	-1.4%	1,7 M €	+1.4%	1,7 M €	-0.5%	1,7 M €	-0.9%	1,7 M €	-0.2%	1,7 M €	-0.4%	1,7 M €	-2.1%	1,8 M €	-1.8%	1,8 M €	-7.9%	2,0 M €	+14.2%	1,7 M €	+0.3%	1,7 M €	-9.8%	1,9 M €	-5.8%	2,0 M €	+22.6%	1,6 M €	-4.6%	1,7 M €	+0.9%	1,7 M €
Cash	49,8 k €	-37.8%	80,1 k €	+72.9%	46,3 k €	+39.0%	33,3 k €	-76.1%	139,7 k €	+41.0%	99,1 k €	+19.9%	82,7 k €	-20.8%	104,4 k €	+18.8%	87,9 k €	+53.8%	57,1 k €	+132%	24,7 k €	+146%	10,0 k €	-87.7%	81,4 k €	-22.7%	105,4 k €	+1780%	5,6 k €	-71.1%	19,4 k €	-39.4%	32,0 k €	+97.2%	16,2 k €	+11.4%	14,6 k €	-37.8%	23,4 k €
Debts	181,5 k €	-86.4%	1,3 M €	+704%	166,5 k €	+52.6%	109,1 k €	+49.1%	73,2 k €	+38.5%	52,8 k €	+16.2%	45,5 k €	-82.9%	266,4 k €	+7.0%	249,0 k €	+20.4%	206,8 k €	+214%	65,8 k €	-39.8%	109,2 k €	-68.1%	342,8 k €	+380%	71,5 k €	-15.1%	84,2 k €	-70.4%	284,7 k €	-43.1%	500,5 k €	-7.8%	542,8 k €	+5.6%	513,9 k €	-15.4%	607,4 k €
Other
Workforce	4,4 ETP	-2.2%	4,5 ETP	+12.5%	4,0 ETP	+66.7%	2,4 ETP	-22.6%	3,1 ETP	+3.3%	3,0 ETP	+7.1%	2,8 ETP	+12.0%	2,5 ETP	+31.6%	1,9 ETP	+5.6%	1,8 ETP	-10.0%	2,0 ETP	0.0%	2,0 ETP	+11.1%	1,8 ETP	-10.0%	2,0 ETP	-23.1%	2,6 ETP	-7.1%	2,8 ETP	-20.0%	3,5 ETP	-27.1%	4,8 ETP	+29.7%	3,7 ETP	-24.5%	4,9 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 44 ended

Active mandates

STIF SAI

Director · since 01 juillet 2025 · 1024.878.838

Represented by José Burgos

Active

Ended mandates

Torino Holding

Managing director · since 05 décembre 2023 · until 04 décembre 2029 · 0791.297.789

Represented by Kris De Coninck

Ended

Allia Struguri

Managing director · since 03 octobre 2022 · until 08 mai 2028 · 0628.975.912

Represented by Kris De Coninck

Ended

GROUP MC

Director · since 03 octobre 2022 · until 08 mai 2028 · 0438.856.506

Represented by Kristof Stremersch

Ended

GROUP MC

Director · since 03 octobre 2022 · until 26 mai 2028 · 0438.856.506

Represented by Kristof Stremersch

Ended

At this address

Other companies at this address

Company	CBE no.
IExT● Active	0442.693.548
STUVEX INTERNATIONAL● Active	0428.678.335
Torino Holding● Active	0791.297.789

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Abridged model	Full model	Full model	Full model	Full 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	15/06/2026	11/06/2025	16/05/2024	15/05/2023	11/05/2022	12/05/2021
General meeting	29/05/2026	12/05/2025	13/05/2024	08/05/2023	09/05/2022	10/05/2021
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

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	29/05/2026	15/06/2026	Dutch	PDF
Abridged model	31/12/2024	12/05/2025	11/06/2025	Dutch	PDF
Full model	31/12/2023	13/05/2024	16/05/2024	Dutch	PDF
Full model	31/12/2022	08/05/2023	15/05/2023	Dutch	PDF
Full model	31/12/2021	09/05/2022	11/05/2022	Dutch	PDF
Full model	31/12/2020	10/05/2021	12/05/2021	Dutch	PDF
Full model	31/12/2019	11/05/2020	02/06/2020	Dutch	PDF
Full model	31/12/2018	13/05/2019	16/05/2019	Dutch	PDF
Full model	31/12/2017	14/05/2018	13/06/2018	Dutch	PDF
Full model	31/12/2016	08/05/2017	01/06/2017	Dutch	PDF
Full model	31/12/2015	09/05/2016	10/05/2016	Dutch	PDF
Full model	31/12/2014	11/05/2015	09/06/2015	Dutch	PDF
Full model	31/12/2013	12/05/2014	02/06/2014	Dutch	PDF
Full modelCorrection	31/12/2012	13/05/2013	02/07/2013	Dutch	PDF
Full model	31/12/2012	13/05/2013	03/06/2013	Dutch	PDF
Full model	31/12/2011	14/05/2012	22/05/2012	Dutch	PDF
Full model	31/12/2010	09/05/2011	06/06/2011	Dutch	PDF
Full model	31/12/2009	10/05/2010	31/05/2010	Dutch	PDF
Full model	31/12/2008	11/05/2009	22/05/2009	Dutch	PDF
Full model	31/12/2007	12/05/2008	29/05/2008	Dutch	PDF
Full model	31/12/2006	14/05/2007	08/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 44 ended

Active mandates

STIF SAI

Director · since 01 juillet 2025 · 1024.878.838

Represented by José Burgos

Active

Ended mandates

Torino Holding

Managing director · since 05 décembre 2023 · until 04 décembre 2029 · 0791.297.789

Represented by Kris De Coninck

Ended

Allia Struguri

Managing director · since 03 octobre 2022 · until 08 mai 2028 · 0628.975.912

Represented by Kris De Coninck

Ended

GROUP MC

Director · since 03 octobre 2022 · until 08 mai 2028 · 0438.856.506

Represented by Kristof Stremersch

Ended

GROUP MC

Director · since 03 octobre 2022 · until 26 mai 2028 · 0438.856.506

Represented by Kristof Stremersch

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates30/06/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates11/02/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates30/07/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates20/12/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN
PDF
Mandates03/11/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates19/04/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates20/07/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates28/04/2020
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 2025445,1 k €↓
2024
Annual accounts 20241,6 M €↑
2023
Annual accounts 202320,8 k €↓
2022
Annual accounts 2022987,7 k €↑
2022
Name changeISMA BELGIUM
2021
Annual accounts 2021302,3 k €↑
2020
Annual accounts 2020-14,0 k €↓
2019
Annual accounts 2019209,4 k €↑
2018
Annual accounts 2018193,7 k €↑
2017
Annual accounts 2017188,6 k €↓
2016
Annual accounts 2016708,9 k €↑
2015
Annual accounts 201543,7 k €↓
2014
Annual accounts 2014116,6 k €↓
2013
Annual accounts 2013299,1 k €↑
2012
Annual accounts 2012106,8 k €↑
2011
Annual accounts 201140,9 k €↓
2010
Annual accounts 2010104,4 k €↓
2009
Annual accounts 2009404,4 k €↑
2008
Annual accounts 2008340,4 k €↓
2007
Annual accounts 2007514,5 k €↑
2006
Annual accounts 2006439,7 k €
2006
Name changeISMA
21/12/1990
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

ISMA

Overview

What does ISMA 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