ACTIVE

ISP1-RG

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Financial year 2025 · closed on 31/12/2025

Net result

956,5 k €

+46.5% YoY

Revenue

4,1 M €

+8.3% YoY

Equity

858,9 k €

+41.1% YoY

What does ISP1-RG do?

ISP1-RG is a Public limited company incorporated in 2010. Its main activity is: Production of electricity. Its registered office is in Bruxelles.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0828.165.808

Incorporation

27/07/2010

Legal form

Public limited company

Registered office

Rue du Vieux Marché aux Grains 63
1000 Bruxelles · BruxellesSee on map

Contributed capital

553 500,00 €

Latest accounts

31/12/2025

Activities (NACE)

35110Production of electricity· main 35110Production of electricity 43990Other specialised construction activities n.e.c.43999Other specialised construction activities n.e.c.82990Other business support service activities n.e.c.82990Other business support service activities n.e.c.

Signals

ProfitablePositive cashflowPositive EBITDAHigh revenue

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		2012		2011
Income statement
Revenue	4,1 M €	+8.3%	3,8 M €	-15.1%	4,4 M €	-27.8%	6,2 M €	+41.1%	4,4 M €	-1.1%	4,4 M €	-4.8%	4,6 M €	+14.4%	4 M €	+714%	497,1 k €	-20.4%	624,6 k €	+3.3%	604,7 k €	+1.3%	597 k €	-0.9%	602,2 k €	+668%	78,4 k €
EBITDA	3,5 M €	+9.5%	3,2 M €	-16.6%	3,8 M €	-27.6%	5,3 M €	+40.0%	3,8 M €	+10.9%	3,4 M €	-15.0%	4 M €	+17.2%	3,4 M €	-3.9%	3,6 M €	-7.2%	3,8 M €	+5.0%	3,7 M €	+0.5%	3,6 M €	+7.3%	3,4 M €	+1161%	268,6 k €
Operating result	1,5 M €	+24.4%	1,2 M €	-33.8%	1,9 M €	-43.7%	3,3 M €	+82.9%	1,8 M €	+25.6%	1,5 M €	-29.4%	2,1 M €	+40.2%	1,5 M €	-8.6%	1,6 M €	-14.7%	1,9 M €	+10.8%	1,7 M €	+1.0%	1,7 M €	+12.6%	1,5 M €	+25056%	-6 k €
Net result	956,5 k €	+46.5%	652,9 k €	-36.8%	1 M €	-48.8%	2 M €	+103%	992,5 k €	+120%	452,1 k €	-53.8%	978 k €	+267%	266,3 k €	-6.5%	284,7 k €	-19.6%	354,1 k €	+352%	78,3 k €	+71.6%	45,6 k €	+128%	-165,8 k €	+76.0%	-689,9 k €
Balance sheet
Equity	858,9 k €	+41.1%	608,9 k €	0.0%	608,9 k €	0.0%	608,9 k €	0.0%	608,9 k €	0.0%	608,9 k €	0.0%	608,9 k €	+8.3%	562,2 k €	+22.1%	460,6 k €	+162%	175,9 k €	+126%	-670,2 k €	+10.5%	-748,5 k €	+5.7%	-794,2 k €	-26.4%	-628,4 k €
Total assets	6 M €	-22.9%	7,8 M €	-28.0%	10,9 M €	-21.5%	13,9 M €	-6.5%	14,8 M €	-22.4%	19,1 M €	-10.7%	21,4 M €	-2.3%	21,9 M €	-8.0%	23,8 M €	-7.3%	25,7 M €	-6.9%	27,6 M €	-6.9%	29,6 M €	-5.4%	31,3 M €	+2.0%	30,7 M €
Cash	982,6 k €	+27.0%	773,7 k €	-72.2%	2,8 M €	-28.8%	3,9 M €	+31.5%	3 M €	-7.3%	3,2 M €	+14.3%	2,8 M €	+23.6%	2,3 M €	+12.8%	2 M €	-3.5%	2,1 M €	+15.8%	1,8 M €	-0.8%	1,8 M €	+12.2%	1,6 M €	+1496%	101,4 k €
Debts	5,2 M €	-28.2%	7,2 M €	-29.7%	10,2 M €	-22.6%	13,2 M €	-6.7%	14,2 M €	-23.0%	18,4 M €	-10.8%	20,6 M €	-2.6%	21,2 M €	-8.7%	23,2 M €	-8.4%	25,3 M €	-10.1%	28,2 M €	-6.9%	30,3 M €	-5.4%	32 M €	+2.6%	31,2 M €

Estimate

Indicative valuation

As an indication, this company is worth

between 25 M€ and 50 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 21 ended

Active mandates

Pieter Hensen

Director · since 15 octobre 2021 · until 15 mai 2026

Active

Lucas van Rooijen

Chairman of the board of directors · since 20 avril 2021 · until 15 mai 2026

Active

Tom Mortier

Director · since 15 mai 2020 · until 15 mai 2026

Active

Ended mandates

Pieter Hensen

Director · since 15 octobre 2021 · until 20 mai 2022

Ended

Lucas Van Rooijen

Chairman of the board of directors · since 20 avril 2021 · until 20 mai 2022

Ended

Mark Hillewaere

Director · since 15 mai 2020 · until 20 avril 2021

Ended

Mark Hillewaere

Director · since 15 mai 2020 · until 15 mai 2026

Ended

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Annual accounts

Full financial information

	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	18/05/2026	19/05/2025	29/05/2024	23/05/2023	25/05/2022	19/06/2021
General meeting	15/05/2026	16/05/2025	17/05/2024	19/05/2023	20/05/2022	21/05/2021
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

15 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	15/05/2026	18/05/2026	Dutch	PDF
Full model	31/12/2024	16/05/2025	19/05/2025	Dutch	PDF
Full model	31/12/2023	17/05/2024	29/05/2024	Dutch	PDF
Full model	31/12/2022	19/05/2023	23/05/2023	Dutch	PDF
Full model	31/12/2021	20/05/2022	25/05/2022	Dutch	PDF
Full model	31/12/2020	21/05/2021	19/06/2021	Dutch	PDF
Full model	31/12/2019	15/05/2020	26/05/2020	Dutch	PDF
Full model	31/12/2018	07/06/2019	18/06/2019	Dutch	PDF
Full model	31/12/2017	18/05/2018	01/06/2018	Dutch	PDF
Full model	31/12/2016	12/07/2017	13/07/2017	Dutch	PDF
Full model	31/12/2015	20/05/2016	22/06/2016	Dutch	PDF
Full model	31/12/2014	05/06/2015	23/06/2015	Dutch	PDF
Full model	31/12/2013	16/05/2014	04/06/2014	Dutch	PDF
Full model	31/12/2012	17/05/2013	12/06/2013	Dutch	PDF
Full model	31/12/2011	08/06/2012	04/07/2012	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 25 M€ and 50 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 · 3 active · 21 ended

Active mandates

Pieter Hensen

Director · since 15 octobre 2021 · until 15 mai 2026

Active

Lucas van Rooijen

Chairman of the board of directors · since 20 avril 2021 · until 15 mai 2026

Active

Tom Mortier

Director · since 15 mai 2020 · until 15 mai 2026

Active

Ended mandates

Pieter Hensen

Director · since 15 octobre 2021 · until 20 mai 2022

Ended

Lucas Van Rooijen

Chairman of the board of directors · since 20 avril 2021 · until 20 mai 2022

Ended

Mark Hillewaere

Director · since 15 mai 2020 · until 20 avril 2021

Ended

Mark Hillewaere

Director · since 15 mai 2020 · until 15 mai 2026

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates13/09/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates24/07/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates21/06/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates07/12/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates01/10/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates09/03/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates20/07/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates03/04/2018
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 2025956,5 k €↑
2024
Annual accounts 2024652,9 k €↓
2023
Annual accounts 20231 M €↓
2022
Annual accounts 20222 M €↑
2021
Annual accounts 2021992,5 k €↑
2019
Annual accounts 2019452,1 k €↓
2018
Annual accounts 2018978 k €↑
2017
Annual accounts 2017266,3 k €↓
2016
Annual accounts 2016284,7 k €↓
2015
Annual accounts 2015354,1 k €↑
2014
Annual accounts 201478,3 k €↑
2013
Annual accounts 201345,6 k €↑
2012
Annual accounts 2012-165,8 k €↑
2011
Annual accounts 2011-689,9 k €
27/07/2010
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

ISP1-RG

Overview

What does ISP1-RG do?

Trend over 14 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