ACTIVE

ISEM

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Financial year 2025 · closed on 31/12/2025
Net result
188,1 k €
+98.0% YoY
Gross margin
255,4 k €
-15.3% YoY
Equity
239,2 k €
+3.9% YoY

What does ISEM do?

ISEM is a Public limited company incorporated in 1995. Its main activity is: Development of building projects. Its registered office is in Wevelgem.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0454.813.303
Incorporation
22/03/1995
Legal form
Public limited company
Registered office
Vliegveld 19 box 2
8560 Wevelgem · FlandreSee on map
Contributed capital
200 000,00 €
Latest accounts
31/12/2025
Activities (NACE)
41101Development of building projects· main68121Buying and selling of own real estate74151Specialised design activities64200Activities of holding companies64210Activities of holding companies70200Management consultancy activities+2
Signals
ProfitablePositive cashflowPositive EBITDA
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 19 financial years

2025202420232022202120202019201820172016201520142013201220112010200920082007
Income statement
Gross margin255,4 k €301,4 k €257,3 k €192,8 k €236,8 k €244,4 k €180,9 k €148,2 k €162,2 k €–218,5 k €––––––––
EBITDA250,4 k €296,3 k €252,2 k €179,6 k €223,7 k €241,2 k €178,1 k €144,7 k €155,3 k €107,7 k €208,5 k €69,2 k €21,9 k €43,9 k €88,6 k €80,4 k €85,3 k €50,8 k €362,5 k €
Operating result249,2 k €294,8 k €250,1 k €177,8 k €220,2 k €237 k €174,2 k €142,1 k €152,2 k €102,2 k €201,6 k €61,7 k €14,7 k €33,5 k €84,5 k €20,4 k €76,9 k €38,9 k €336,5 k €
Net result188,1 k €95 k €195 k €74 k €238,9 k €214,9 k €182,5 k €155,2 k €157,6 k €105,5 k €172,3 k €52,2 k €10,9 k €30,7 k €62,5 k €10,9 k €65,2 k €9,8 k €-775,7 k €
Balance sheet
Equity239,2 k €230,3 k €255,3 k €1,6 M €1,6 M €1,3 M €1,1 M €918 k €762,8 k €605,2 k €499,7 k €327,5 k €275,2 k €264,3 k €233,6 k €98,1 k €-137,8 k €-203 k €-212,8 k €
Total assets2,3 M €2,2 M €2,1 M €1,8 M €1,6 M €1,4 M €1,7 M €958,1 k €817,9 k €1,6 M €564,5 k €1,4 M €435,2 k €1,1 M €1,2 M €119,9 k €1,5 M €1,5 M €285,1 k €
Cash2,8 k €18,7 k €5,5 k €2,4 k €2,7 k €3 k €64,8 k €49 k €201,3 k €9,2 k €67,4 k €2,3 k €108,3 k €8,5 k €3,5 k €114,7 k €1,5 k €461 €8,6 k €
Debts2 M €1,9 M €1,8 M €137 k €49 k €101,4 k €630,2 k €40 k €55,1 k €986,2 k €64,8 k €1,1 M €160 k €852,4 k €1 M €21,8 k €1,6 M €1,7 M €497,1 k €
Other
Workforce–0,0 ETP0,0 ETP–––––––––––––––0,8 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 · 2 active · 25 ended

Active mandates

Isabelle Royaux

Director · since 13 juin 2023

Active
Sandrine Isabelle Legon

Managing director · since 13 juin 2023

Active

Ended mandates

AIRELLES

Managing director · since 13 juin 2023 · 0464.653.655

Represented by Luc ROYAUX

Ended
AIRELLES

Managing director · since 01 janvier 2020 · 0464.653.655

Represented by Royaux LUC

Ended
Isabelle Legon

Director · since 30 juin 2018 · until 13 juin 2023

Ended
Isabelle Royaux

Director · since 30 juin 2018 · until 13 février 2023

Ended
At this address

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1024.822.519
INTERNATIONAL TEXTILES PRODUCTS● Active
0416.956.676
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 date10/06/202617/07/202521/06/202415/06/202313/07/202230/06/2021
General meeting09/06/202610/06/202511/06/202413/06/202314/06/202229/06/2021
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

20 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202509/06/202610/06/2026DutchPDF
Abridged model31/12/202410/06/202517/07/2025DutchPDF
Abridged model31/12/202311/06/202421/06/2024DutchPDF
Abridged model31/12/202213/06/202315/06/2023DutchPDF
Abridged model31/12/202114/06/202213/07/2022DutchPDF
Abridged model31/12/202029/06/202130/06/2021DutchPDF
Abridged modelCorrection31/12/201902/10/202014/10/2020DutchPDF
Abridged model31/12/201930/06/202028/08/2020DutchPDF
Abridged model31/12/201830/06/201931/08/2019DutchPDF
Abridged model31/12/201730/06/201812/07/2018DutchPDF
Full model31/12/201613/06/201703/07/2017DutchPDF
Abridged model31/12/201514/06/201608/07/2016DutchPDF
Full model31/12/201409/06/201529/06/2015DutchPDF
Full model31/12/201310/06/201415/07/2014DutchPDF
Full model31/12/201211/06/201322/08/2013DutchPDF
Full model30/06/201109/11/201113/12/2011DutchPDF
Full model30/06/201009/11/201015/02/2011DutchPDF
Full model30/06/200909/11/200926/01/2010DutchPDF
Full model30/06/200809/11/200812/02/2009DutchPDF
Full model30/06/200709/11/200706/02/2008DutchPDF
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 · 2 active · 25 ended

Active mandates

Isabelle Royaux

Director · since 13 juin 2023

Active
Sandrine Isabelle Legon

Managing director · since 13 juin 2023

Active

Ended mandates

AIRELLES

Managing director · since 13 juin 2023 · 0464.653.655

Represented by Luc ROYAUX

Ended
AIRELLES

Managing director · since 01 janvier 2020 · 0464.653.655

Represented by Royaux LUC

Ended
Isabelle Legon

Director · since 30 juin 2018 · until 13 juin 2023

Ended
Isabelle Royaux

Director · since 30 juin 2018 · until 13 février 2023

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Other13/09/2023
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - DOEL
    PDF
  • Mandates01/08/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates11/09/2020
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates06/08/2018
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates19/07/2017
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office26/06/2015
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Other15/06/2012
    ALGEMENE VERGADERING - BOEKJAAR
    PDF
  • Mandates02/04/2012
    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

Timeline

  1. 2025
    Annual accounts 2025188,1 k €↑
  2. 2024
    Annual accounts 202495 k €↓
  3. 2023
    Annual accounts 2023195 k €↑
  4. 2022
    Annual accounts 202274 k €↓
  5. 2021
    Annual accounts 2021238,9 k €↑
  6. 2020
    Annual accounts 2020214,9 k €↑
  7. 2019
    Annual accounts 2019182,5 k €↑
  8. 2018
    Annual accounts 2018155,2 k €↓
  9. 2017
    Annual accounts 2017157,6 k €↑
  10. 2016
    Annual accounts 2016105,5 k €↓
  11. 2015
    Annual accounts 2015172,3 k €↑
  12. 2014
    Annual accounts 201452,2 k €↑
  13. 2013
    Annual accounts 201310,9 k €↓
  14. 2012
    Annual accounts 201230,7 k €↓
  15. 2011
    Annual accounts 201162,5 k €↑
  16. 2010
    Annual accounts 201010,9 k €↓
  17. 2009
    Annual accounts 200965,2 k €↑
  18. 2008
    Annual accounts 20089,8 k €↑
  19. 2007
    Annual accounts 2007-775,7 k €
  20. 22/03/1995
    IncorporationPublic limited company