ACTIVE

Normec ISEC

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Financial year 2025 · closed on 31/12/2025

Net result

351,2 k €

+23.0% YoY

Gross margin

1,7 M €

-6.9% YoY

Equity

1,1 M €

-41.3% YoY

Workforce

14,4 ETP

-17.2% YoY

What does Normec ISEC do?

Normec ISEC is a Private limited company incorporated in 2002. Its registered office is in Beveren. It employs on average 14,4 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0478.263.646

Incorporation

12/09/2002

Legal form

Private limited company

Registered office

Keetberglaan(MEL) 1065
9120 Beveren · FlandreSee on map

Contributed capital

18 600,00 €

Latest accounts

31/12/2025

Average workforce

14,4 ETP

Joint committees (3)

Contacts

1 public detail availableLog in to view

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 14 financial years

	2025		2024		2023		2022		2021		2019		2018		2017		2016		2015		2014		2013		2011		2010
Income statement
Gross margin	1,7 M €	-6.9%	1,8 M €	+2.4%	1,8 M €	+12.9%	1,6 M €	+10.8%	1,4 M €	-12.6%	1,6 M €	-6.9%	1,7 M €	+14.9%	1,5 M €	-2.0%	1,5 M €	+27.5%	1,2 M €	+35.3%	896,9 k €	+0.6%	891,9 k €	+131%	386,7 k €	+74.9%	221,1 k €
EBITDA	663,9 k €	+16.2%	571,3 k €	+8.0%	529 k €	+24.5%	424,8 k €	-31.3%	618,5 k €	-32.5%	915,7 k €	-13.6%	1,1 M €	+21.0%	876,2 k €	-8.4%	956,3 k €	+29.4%	738,9 k €	+34.6%	548,8 k €	+22.4%	448,2 k €	+74.5%	256,9 k €	+93.2%	133 k €
Operating result	524,4 k €	+47.1%	356,4 k €	-15.9%	423,8 k €	+180%	151,6 k €	-60.4%	382,4 k €	-41.8%	657,5 k €	-18.9%	811,2 k €	+29.0%	628,9 k €	-9.4%	694,2 k €	+29.2%	537,2 k €	+37.4%	390,9 k €	+63.6%	238,9 k €	+42.8%	167,3 k €	+310%	40,8 k €
Net result	351,2 k €	+23.0%	285,4 k €	+4.8%	272,5 k €	+226%	83,6 k €	-66.7%	251 k €	-43.3%	443,1 k €	-15.1%	521,7 k €	+41.1%	369,6 k €	-13.4%	427 k €	+26.4%	337,8 k €	+37.0%	246,6 k €	+73.3%	142,3 k €	+39.7%	101,9 k €	+372%	21,6 k €
Balance sheet
Equity	1,1 M €	-41.3%	1,8 M €	+18.3%	1,6 M €	+21.1%	1,3 M €	+6.9%	1,2 M €	+112%	570,2 k €	+69.1%	337,1 k €	-61.0%	865,4 k €	+74.6%	495,8 k €	+5.8%	468,8 k €	+23.1%	380,9 k €	+16.1%	328,1 k €	+2.8%	319,2 k €	+46.9%	217,3 k €
Total assets	1,7 M €	-23.9%	2,2 M €	+5.0%	2,1 M €	+2.5%	2,1 M €	-21.3%	2,6 M €	+26.5%	2,1 M €	+4.7%	2 M €	+23.3%	1,6 M €	-30.1%	2,3 M €	+52.6%	1,5 M €	+31.4%	1,1 M €	+3.9%	1,1 M €	+40.1%	783 k €	+11.3%	703,4 k €
Cash	204 k €	-8.2%	222,2 k €	-8.0%	241,7 k €	-63.7%	665,2 k €	-41.3%	1,1 M €	+20.9%	936,9 k €	+30.5%	718 k €	+58.5%	452,8 k €	-39.7%	750,9 k €	+149%	301,7 k €	+123%	135,5 k €	+61.8%	83,8 k €	-10.2%	93,3 k €	+760%	10,8 k €
Debts	594,1 k €	+72.8%	343,8 k €	-31.9%	504,5 k €	-29.8%	718,8 k €	-44.3%	1,3 M €	-13.5%	1,5 M €	-7.9%	1,6 M €	+128%	710 k €	-59.1%	1,7 M €	+77.7%	977,9 k €	+38.1%	708 k €	-1.5%	718,5 k €	+55.0%	463,4 k €	-4.6%	485,7 k €
Other
Workforce	14,4 ETP	-17.2%	17,4 ETP	-7.0%	18,7 ETP	+8.1%	17,3 ETP	-3.4%	17,9 ETP	+31.6%	13,6 ETP	+0.7%	13,5 ETP	+2.3%	13,2 ETP	+5.6%	12,5 ETP	+37.4%	9,1 ETP	+37.9%	6,6 ETP	+17.9%	5,6 ETP	+36.6%	4,1 ETP	+17.1%	3,5 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 20 ended

Active mandates

ROSE INVESTMENTS BUITENLANDSE ENTITEIT

Director · since 16 janvier 2026

Represented by de Roos Ronald Sietze Jilles

Active

Els Van Gasse

Director · since 11 mars 2024

Active

Normec Belgium

Director · since 09 mars 2022 · 0742.603.294

Represented by Joep Bruins

Active

Britt Denise Schuurs

Director · since 31 janvier 2020

Active

Ended mandates

Gunter Verhestraeten

Director · since 10 mai 2022 · until 16 février 2024

Ended

Gunter Verhestraeten

Director · since 10 mai 2022

Ended

Normec Belgium

Director · since 09 mars 2022 · 0742.603.294

Represented by Joep BRUINS

Ended

Normec Belgium

Director · since 09 mars 2022 · 0742.603.294

Represented by Joep Bruins

Ended

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	01/04/2019
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	21 months
Filing date	19/08/2026	31/07/2025	02/07/2024	30/08/2023	30/09/2022	30/08/2021
General meeting	31/07/2026	30/06/2025	21/06/2024	30/08/2023	27/07/2022	30/06/2021
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

Ratios

Financial ratios

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Filings

Annual accounts filings

18 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	31/07/2026	19/08/2026	Dutch	PDF
Abridged model	31/12/2024	30/06/2025	31/07/2025	Dutch	PDF
Abridged model	31/12/2023	21/06/2024	02/07/2024	Dutch	PDF
Abridged model	31/12/2022	30/08/2023	30/08/2023	Dutch	PDF
Abridged model	31/12/2021	27/07/2022	30/09/2022	Dutch	PDF
Abridged model	31/12/2020	30/06/2021	30/08/2021	Dutch	PDF
Abridged model	31/03/2019	06/09/2019	03/10/2019	Dutch	PDF
Abridged model	31/03/2018	07/09/2018	08/10/2018	Dutch	PDF
Abridged model	31/03/2017	01/09/2017	25/09/2017	Dutch	PDF
Abridged model	31/03/2016	02/09/2016	20/09/2016	Dutch	PDF
Abridged model	31/03/2015	04/09/2015	23/09/2015	Dutch	PDF
Abridged model	31/03/2014	05/09/2014	01/10/2014	Dutch	PDF
Abridged model	31/03/2013	06/09/2013	24/09/2013	Dutch	PDF
Abridged model	30/09/2011	09/03/2012	15/03/2012	Dutch	PDF
Abridged model	30/09/2010	11/03/2011	21/03/2011	Dutch	PDF
Abridged model	30/09/2009	12/03/2010	19/03/2010	Dutch	PDF
Abridged model	30/09/2008	13/03/2009	23/03/2009	Dutch	PDF
Abridged model	31/12/2006	08/06/2007	04/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 5 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 · 4 active · 20 ended

Active mandates

ROSE INVESTMENTS BUITENLANDSE ENTITEIT

Director · since 16 janvier 2026

Represented by de Roos Ronald Sietze Jilles

Active

Els Van Gasse

Director · since 11 mars 2024

Active

Normec Belgium

Director · since 09 mars 2022 · 0742.603.294

Represented by Joep Bruins

Active

Britt Denise Schuurs

Director · since 31 janvier 2020

Active

Ended mandates

Gunter Verhestraeten

Director · since 10 mai 2022 · until 16 février 2024

Ended

Gunter Verhestraeten

Director · since 10 mai 2022

Ended

Normec Belgium

Director · since 09 mars 2022 · 0742.603.294

Represented by Joep BRUINS

Ended

Normec Belgium

Director · since 09 mars 2022 · 0742.603.294

Represented by Joep Bruins

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates21/09/2026
Ontslag Bestuurders - Volmacht
PDF
Mandates03/02/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates03/07/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates12/04/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates09/04/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates06/03/2024
ONTSLAGEN - BENOEMINGEN
PDF
Registered office24/11/2022
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - BENAMING - MAATSCHAPPELIJKE ZETEL
PDF
Mandates27/09/2022
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 2025351,2 k €↑
2024
Annual accounts 2024285,4 k €↑
2023
Annual accounts 2023272,5 k €↑
2022
Annual accounts 202283,6 k €↓
2022
Name changeNORMEC ISEC
2021
Annual accounts 2021251 k €↓
2021
Name changeINDUSTRIAL SAFETY & EMERGENCY CONSULT
2019
Annual accounts 2019443,1 k €↓
2018
Annual accounts 2018521,7 k €↑
2017
Annual accounts 2017369,6 k €↓
2016
Annual accounts 2016427 k €↑
2015
Annual accounts 2015337,8 k €↑
2014
Annual accounts 2014246,6 k €↑
2013
Annual accounts 2013142,3 k €↑
2011
Annual accounts 2011101,9 k €↑
2010
Annual accounts 201021,6 k €
12/09/2002
IncorporationPrivate 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

Normec ISEC

Overview

What does Normec ISEC do?

Trend over 14 financial years

Indicative valuation

Board of directors

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