ACTIVE

IZEN ENERGY SYSTEMS

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Financial year 2025 · Closed on 31/12/2025

Net result1,4 M €+75,9 %over 1 year

Revenue43,5 M €+10,1 %over 1 year

Equity10,6 M €-9,4 %over 1 year

Workforce57,3 ETP-19,4 %over 1 year

Identity

Source · BCE/KBO

IZEN ENERGY SYSTEMS is a Public limited company incorporated in 1997. Its main activity is: Manufacture of non-domestic cooling and ventilation equipment. Its registered office is in Kasterlee. It employs on average 57,3 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0461.969.032
Incorporation: 25/11/1997
Legal form: Public limited company
Registered office: Poederleesteenweg 94
2460 Kasterlee · FlandreSee on map
Contributed capital: 807 350,00 €
Latest accounts: 31/12/2025
Average workforce: 57,3 ETP

Activities (NACE)

28250Manufacture of non-domestic cooling and ventilation equipment· main 28250Manufacture of non-domestic cooling and ventilation equipment 29230Manufacture of bodies (coachwork) for motor vehicles; manufacture of trailers and semi-trailers 42220Construction of utility projects for electricity and telecommunications 43211Electrical installation 43211Electrical installation

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHigh revenue

Financials

Source · NBB, 22 filings

Trend over 19 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	43,5 M €	+10.1%	39,5 M €	-46.6%	74 M €	+49.5%	49,5 M €	-0.6%	49,8 M €
EBITDA	1,1 M €	+97.7%	539,3 k €	-63.2%	1,5 M €	+139%	-3,7 M €	-86.3%	-2 M €
Operating result	1,2 M €	+106%	590,1 k €	+360%	-226,9 k €	+93.4%	-3,5 M €	+13.6%	-4 M €
Net result	1,4 M €	+75.9%	794,1 k €	+148%	-1,6 M €	+58.0%	-3,9 M €	-239%	2,8 M €
Balance sheet
Equity	10,6 M €	-9.4%	11,7 M €	+7.3%	10,9 M €	-13.1%	12,6 M €	-23.7%	16,5 M €
Total assets	24 M €	-3.2%	24,7 M €	+5.9%	23,4 M €	-32.5%	34,6 M €	+12.5%	30,8 M €
Cash	18,8 M €	+159546%	11,8 k €	-86.2%	85,7 k €	-44.8%	155,2 k €	+195%	52,6 k €
Debts	11,7 M €	+4.7%	11,2 M €	+11.0%	10,1 M €	-51.3%	20,7 M €	+60.3%	12,9 M €
Other
Workforce	57,3 ETP	-19.4%	71,1 ETP	-38.6%	115,8 ETP	-17.5%	140,3 ETP	+10.1%	127,4 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

6 active · 15 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Yannick Heylen	Director01/01/2026 → 29/06/2032
Eddy VANDERSMISSEN	Director01/08/2020 → 24/06/2031
Edwin SAMYN	Director29/08/2019 → 24/06/2031
Luc Clabout	Director01/01/2025 → 25/06/2030
Benny Vandevenne	Director19/10/2022 → 19/10/2028
Bart VAN DER MEERSCH	Managing director01/07/2022 → 26/06/2028

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Bart Artois	Director29/08/2019 → 2019 accounts
Caroline STROOBANT	Director29/08/2019 → 2021 accounts

Other companies at this address

Poederleesteenweg 94 2460 Kasterlee

Company	CBE no.
PIPING AND WELDING● Active	1037.913.658

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full 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	01/07/2026	08/07/2025	01/07/2024	13/07/2023	08/11/2022	04/08/2021
General meeting	30/06/2026	24/06/2025	25/06/2024	27/06/2023	19/10/2022	29/06/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 22 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	30/06/2026	01/07/2026	Dutch	PDF
Full model	31/12/2024	24/06/2025	08/07/2025	Dutch	PDF
Full model	31/12/2023	25/06/2024	01/07/2024	Dutch	PDF
Full model	31/12/2022	27/06/2023	13/07/2023	Dutch	PDF
Full model	31/12/2021	19/10/2022	08/11/2022	Dutch	PDF
Full model	31/12/2020	29/06/2021	04/08/2021	Dutch	PDF
Full model	31/12/2019	30/06/2020	16/07/2020	Dutch	PDF
Full model	31/12/2018	25/06/2019	29/07/2019	Dutch	PDF
Full model	31/12/2017	26/06/2018	18/07/2018	Dutch	PDF
Full model	31/12/2016	27/06/2017	14/07/2017	Dutch	PDF
Full model	31/12/2015	28/06/2016	25/07/2016	Dutch	PDF
Full model	31/12/2014	30/06/2015	23/07/2015	Dutch	PDF
Full model	31/12/2013	30/06/2014	28/08/2014	Dutch	PDF
Consolidated accounts	31/12/2013	26/08/2014	28/08/2014	Dutch	PDF
Full model	31/12/2012	25/06/2013	23/07/2013	Dutch	PDF
Consolidated accounts	31/12/2012	08/10/2013	03/12/2013	Dutch	PDF
Full model	30/06/2011	20/12/2011	19/01/2012	Dutch	PDF
Consolidated accounts	30/06/2011	20/12/2011	19/01/2012	Dutch	PDF
Full model	30/06/2010	13/12/2010	21/12/2010	Dutch	PDF
Full model	30/06/2009	23/09/2009	08/10/2009	Dutch	PDF
Full model	31/12/2007	30/06/2008	08/07/2008	Dutch	PDF
Abridged model	31/12/2006	26/06/2007	30/08/2007	Dutch	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 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.

Board of directors

Source · NBB, accounts to 31/12/2025

6 active · 15 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Yannick Heylen	Director01/01/2026 → 29/06/2032
Eddy VANDERSMISSEN	Director01/08/2020 → 24/06/2031
Edwin SAMYN	Director29/08/2019 → 24/06/2031
Luc Clabout	Director01/01/2025 → 25/06/2030
Benny Vandevenne	Director19/10/2022 → 19/10/2028
Bart VAN DER MEERSCH	Managing director01/07/2022 → 26/06/2028

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Bart Artois	Director29/08/2019 → 2019 accounts
Caroline STROOBANT	Director29/08/2019 → 2021 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Registered office27/07/2026
Wijziging maatschappelijke zetel
PDF
Capital / shares17/04/2026
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN
PDF
Capital / shares17/04/2026
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - CAPITAL, ACTIONS
PDF
Mandates18/02/2026
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring20/01/2026
DOEL - KAPITAAL - AANDELEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring17/11/2025
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates30/10/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates24/09/2025
ONTSLAGEN - BENOEMINGEN
PDF

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A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings19 filings

Mandates

Yannick Heylen

Edwin SAMYN

Eddy VANDERSMISSEN

Luc Clabout

Benny Vandevenne

Bart VAN DER MEERSCH

De Steenen Molen

Frédéric MAYNE

Caroline STROOBANT

Marc LEMAIRE

Bart ARTOIS

Steven VAN DYCK

Show the 9 other mandates

199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026202720282029203020312032

IZEN ENERGY SYSTEMS

Hoeksken 56, 2275 Lille

Director

Managing director

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Poederleesteenweg 94, 2460 KasterleeCurrent		CBE
Hoeksken 56, 2275 Lille	accounts 2021 → 2025	Accounts 2025 · 2026-00250446

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
IZEN ENERGY SYSTEMSCurrent	accounts 2007 → 2025	Accounts 2025 · 2026-00250446
SUNTECHNICS ENERGY SYSTEMS	accounts 2006	Accounts 2006 · 2007-65600129

Events

2025
Annual accounts 20251,4 M €↑
2024
Annual accounts 2024794,1 k €↑
2023
Annual accounts 2023-1,6 M €↑
2022
Annual accounts 2022-3,9 M €↓
2021
Annual accounts 20212,8 M €↑
2020
Annual accounts 20201,2 M €↓
2019
Annual accounts 20192,3 M €↓
2018
Annual accounts 20182,8 M €↑
2017
Annual accounts 20171 M €↑
2016
Annual accounts 2016652,9 k €↑
2015
Annual accounts 201542,9 k €↑
2014
Annual accounts 2014-99,5 k €↑
2013
Annual accounts 2013-891,5 k €↓
2012
Annual accounts 20121,7 M €↓
2011
Annual accounts 20112,2 M €↑
2010
Annual accounts 20101,7 M €↑
2009
Annual accounts 2009500 k €↑
2007
Annual accounts 2007-312,3 k €↓
2007
Name changeIZEN ENERGY SYSTEMS
2006
Annual accounts 2006176,1 k €
25/11/1997
IncorporationPublic limited company

IZEN ENERGY SYSTEMS

Overview

Identity

Financials

Valuation

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

Timeline

Registered offices

Company names

Events