ACTIVE

isomasters

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Financial year 2025 · closed on 31/12/2025
Net result
-366,8 k €
+58.7% YoY
Revenue
21,5 M €
-18.4% YoY
Equity
2 M €
-15.2% YoY
Workforce
112,2 ETP
-21.1% YoY

What does isomasters do?

isomasters is a Public limited company incorporated in 2016. Its main activity is: Manufacture of plastics in primary forms. Its registered office is in Waregem. It employs on average 112,2 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0660.716.488
Incorporation
04/08/2016
Legal form
Public limited company
Registered office
Pontstraat 80
8791 Waregem · FlandreSee on map
Contributed capital
1 000 000,00 €
Latest accounts
31/12/2025
Average workforce
112,2 ETP
Activities (NACE)
20160Manufacture of plastics in primary forms· main20160Manufacture of plastics in primary forms28250Manufacture of non-domestic cooling and ventilation equipment28250Manufacture of non-domestic cooling and ventilation equipment28250Manufacture of non-domestic cooling and ventilation equipment28250Manufacture of non-domestic cooling and ventilation equipment+2
Joint committees (2)
  • 111
  • 209
Signals
Positive cashflowPositive EBITDAHealthy social debtsHigh revenue
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 6 financial years

202520242023202220212018
Income statement
Revenue21,5 M €26,4 M €26,5 M €32,8 M €31,7 M €33,3 M €
EBITDA449 k €-631,9 k €558,4 k €2,5 M €1,8 M €-3,9 M €
Operating result-304,5 k €-940,7 k €-6,5 k €1,4 M €800,8 k €-3,6 M €
Net result-366,8 k €-887,3 k €21 k €1,4 M €807,4 k €-3,7 M €
Balance sheet
Equity2 M €2,4 M €3,3 M €3,3 M €1,9 M €1,5 M €
Total assets8 M €9,1 M €9,2 M €11 M €10,7 M €11,6 M €
Cash5 k €38,4 k €9,1 k €20,7 k €32,9 k €16,9 k €
Debts5,8 M €6,6 M €5,8 M €7,6 M €8,7 M €9,9 M €
Other
Workforce112,2 ETP142,2 ETP152,1 ETP154,3 ETP154,8 ETP195,1 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 6 active · 31 ended

Active mandates

Cédric Bruge

Managing director · since 01 janvier 2026 · until 29 juin 2028

Active
Jean-François Koeune

Managing director · since 01 janvier 2026 · until 29 juin 2028

Active
Gilbert McCarthy

Director

Active
GREEN MONKEY

Managing director · until 25 mars 2025 · 0799.106.091

Represented by Christophe Bouvry

Active
Michel van der Helm

Managing director · until 01 janvier 2026

Active
Steven De Rynck

Director

Active

Ended mandates

GREEN MONKEY

Managing director · since 01 avril 2023 · until 29 juin 2028 · 0799.106.091

Represented by Christophe Bouvry

Ended
GREEN MONKEY

Managing director · since 01 avril 2023 · until 25 mars 2025 · 0799.106.091

Represented by Christophe Bouvry

Ended
GREEN MONKEY

Managing director · since 01 avril 2023 · until 29 juin 2028 · 0799.106.091

Represented by Christophe Bouvry

Ended
Christophe Bouvry

Director · since 28 novembre 2022 · until 01 avril 2023

Ended
Annual accounts

Full financial information

202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelFull 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 date29/06/202626/06/202502/07/202429/06/202301/07/202205/07/2021
General meeting25/06/202626/06/202527/06/202429/06/202330/06/202224/06/2021
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

9 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202525/06/202629/06/2026DutchPDF
Full model31/12/202426/06/202526/06/2025DutchPDF
Full model31/12/202327/06/202402/07/2024DutchPDF
Full model31/12/202229/06/202329/06/2023DutchPDF
Full model31/12/202130/06/202201/07/2022DutchPDF
Full model31/12/202024/06/202105/07/2021DutchPDF
Full model31/12/201930/06/202015/07/2020DutchPDF
Full model31/12/201827/06/201915/07/2019DutchPDF
Full model31/12/201712/09/201826/09/2018DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 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 · 6 active · 31 ended

Active mandates

Cédric Bruge

Managing director · since 01 janvier 2026 · until 29 juin 2028

Active
Jean-François Koeune

Managing director · since 01 janvier 2026 · until 29 juin 2028

Active
Gilbert McCarthy

Director

Active
GREEN MONKEY

Managing director · until 25 mars 2025 · 0799.106.091

Represented by Christophe Bouvry

Active
Michel van der Helm

Managing director · until 01 janvier 2026

Active
Steven De Rynck

Director

Active

Ended mandates

GREEN MONKEY

Managing director · since 01 avril 2023 · until 29 juin 2028 · 0799.106.091

Represented by Christophe Bouvry

Ended
GREEN MONKEY

Managing director · since 01 avril 2023 · until 25 mars 2025 · 0799.106.091

Represented by Christophe Bouvry

Ended
GREEN MONKEY

Managing director · since 01 avril 2023 · until 29 juin 2028 · 0799.106.091

Represented by Christophe Bouvry

Ended
Christophe Bouvry

Director · since 28 novembre 2022 · until 01 avril 2023

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates27/02/2026
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates29/04/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates05/02/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates02/01/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates16/05/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates06/12/2022
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates25/11/2022
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates04/01/2021
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - KAPITAAL - AANDELEN - 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 2025-366,8 k €↑
  2. 2024
    Annual accounts 2024-887,3 k €↓
  3. 2023
    Annual accounts 202321 k €↓
  4. 2022
    Annual accounts 20221,4 M €↑
  5. 2021
    Annual accounts 2021807,4 k €↑
  6. 2018
    Annual accounts 2018-3,7 M €
  7. 04/08/2016
    IncorporationPublic limited company