ACTIVE

iSystems

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Financial year 2024 · closed on 31/12/2024
Net result
10,3 k €
+103.9% YoY
Gross margin
20,5 k €
+132.7% YoY
Equity
317,7 k €
+3.3% YoY

What does iSystems do?

iSystems is a Public limited company incorporated in 2004. Its main activity is: Manufacture of instruments and appliances for measuring, testing and navigation. Its registered office is in Antwerpen.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0864.856.057
Incorporation
21/04/2004
Legal form
Public limited company
Registered office
Kernenergiestraat 19 box W9
2610 Antwerpen · FlandreSee on map
Contributed capital
700 000,00 €
Latest accounts
31/12/2024
Activities (NACE)
26510Manufacture of instruments and appliances for measuring, testing and navigation· main26510Manufacture of instruments and appliances for measuring, testing and navigation33201Installation of industrial machinery and equipment26300Manufacture of communication equipment26300Manufacture of communication equipment31621Manufacture of furniture+7
Joint committees (1)
  • 209
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA
View the BCE/KBO Public Search record →
Health score
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Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 16 financial years

2024202320222021202020182017201420132012201120102009200820072006
Income statement
Gross margin20,5 k €-62,6 k €-574,7 €-62,3 k €295,2 k €198,4 k €1,1 M €69,4 k €4,3 k €78,9 k €186 k €71,7 k €77 k €110 k €161,7 k €22,6 k €
EBITDA18,2 k €-64,6 k €-6,5 k €-65,9 k €294,8 k €92,2 k €1,1 M €-79,5 k €-79,9 k €40,2 k €133,3 k €31,8 k €37,8 k €73,6 k €122,4 k €-7,7 k €
Operating result18 k €-227,7 k €-6,6 k €-65,9 k €40,2 k €88 k €44,3 k €-85,1 k €-85,7 k €34,8 k €127,6 k €26,9 k €32,4 k €71,7 k €120,4 k €-8,8 k €
Net result10,3 k €-262,8 k €4,1 k €-40,9 k €48 k €85,8 k €40,7 k €-96,9 k €-161,9 k €8,3 k €86,3 k €-53,6 k €5,2 k €26,9 k €40,9 k €-18,2 k €
Balance sheet
Equity317,7 k €307,4 k €570,2 k €566,1 k €607 k €510,6 k €424,8 k €190,7 k €287,6 k €199,5 k €191,2 k €105 k €158,5 k €153,4 k €126,5 k €85,6 k €
Total assets905,2 k €886,6 k €981 k €1,4 M €1,8 M €862,4 k €526,7 k €1,4 M €1,3 M €758,2 k €906,1 k €1,5 M €654,9 k €1 M €1,3 M €628,3 k €
Cash18,3 k €17 k €21,9 k €10,6 k €16,6 k €698,8 €9 k €25,3 k €10,9 k €235,1 k €194,8 k €300,6 k €124,9 k €44,9 k €116,5 k €109,1 k €
Debts574,7 k €573,4 k €400 k €818,8 k €1,2 M €251,8 k €102 k €1,2 M €977,6 k €558,7 k €709,3 k €1,4 M €496,4 k €852,7 k €1,2 M €539,5 k €
Other
Workforce––––––1,0 ETP2,2 ETP2,0 ETP1,0 ETP1,0 ETP1,0 ETP1,0 ETP1,0 ETP1,0 ETP1,0 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 31/12/2024 · 2 active · 41 ended

Active mandates

Baltaci Mehmet Fatih

Director · since 07 mai 2023 · until 05 juin 2028

Active
CARBON

Director · since 01 décembre 2016 · until 05 juin 2028 · 0480.044.882

Represented by Tim Bertels

Active

Ended mandates

CARBON

Director · since 01 décembre 2016 · until 06 juin 2022 · 0480.044.882

Represented by Timothy Bertels

Ended
CARBON

Director · since 01 décembre 2016 · until 05 juin 2028 · 0480.044.882

Represented by Timmothy Bertels

Ended
CARBON

Director · since 01 décembre 2016 · until 06 juin 2022 · 0480.044.882

Represented by Tim Bertels

Ended
CARBON

Director · since 01 décembre 2016 · until 06 juin 2022 · 0480.044.882

Represented by Timmothy Bertels

Ended
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Annual accounts

Full financial information

202420232022202120202018
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202401/01/202301/01/202201/01/202101/01/202001/01/2018
Closing of the financial year31/12/202431/12/202331/12/202231/12/202131/12/202031/12/2018
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date27/12/202512/11/202424/11/202328/09/202219/11/202121/10/2019
General meeting18/12/202515/10/202430/10/202326/09/202217/11/202109/10/2019
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

19 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202418/12/202527/12/2025DutchPDF
Abridged model31/12/202315/10/202412/11/2024DutchPDF
Abridged model31/12/202230/10/202324/11/2023DutchPDF
Abridged model31/12/202126/09/202228/09/2022DutchPDF
Abridged model31/12/202017/11/202119/11/2021DutchPDF
Abridged model31/12/201809/10/201921/10/2019DutchPDF
Abridged model31/12/201727/01/201912/02/2019DutchPDF
Abridged model31/12/201616/10/201730/10/2017DutchPDF
Abridged model31/12/201501/08/201618/08/2016DutchPDF
Abridged model31/12/201427/10/201529/10/2015DutchPDF
Abridged modelCorrection31/12/201317/09/201529/10/2015DutchPDF
Abridged model31/12/201303/12/201415/12/2014DutchPDF
Abridged model31/12/201227/09/201309/10/2013DutchPDF
Abridged model31/12/201103/12/201212/12/2012DutchPDF
Abridged model31/12/201029/02/201219/03/2012DutchPDF
Abridged model31/12/200927/10/201015/11/2010DutchPDF
Abridged model31/12/200825/11/200922/12/2009DutchPDF
Abridged model31/12/200706/10/200809/10/2008DutchPDF
Abridged model31/12/200606/08/200730/08/2007DutchPDF
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 31/12/2024 · 2 active · 41 ended

Active mandates

Baltaci Mehmet Fatih

Director · since 07 mai 2023 · until 05 juin 2028

Active
CARBON

Director · since 01 décembre 2016 · until 05 juin 2028 · 0480.044.882

Represented by Tim Bertels

Active

Ended mandates

CARBON

Director · since 01 décembre 2016 · until 06 juin 2022 · 0480.044.882

Represented by Timothy Bertels

Ended
CARBON

Director · since 01 décembre 2016 · until 05 juin 2028 · 0480.044.882

Represented by Timmothy Bertels

Ended
CARBON

Director · since 01 décembre 2016 · until 06 juin 2022 · 0480.044.882

Represented by Tim Bertels

Ended
CARBON

Director · since 01 décembre 2016 · until 06 juin 2022 · 0480.044.882

Represented by Timmothy Bertels

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Registered office30/10/2023
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates22/09/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates13/01/2017
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares31/08/2016
    KAPITAAL - AANDELEN
    PDF
  • Mandates29/12/2015
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office24/11/2015
    MAATSCHAPPELIJKE ZETEL - ADRESSEN ANDERS DAN MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates12/11/2014
    MAATSCHAPPELIJKE ZETEL - ADRESSEN ANDERS DAN MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
    PDF
  • Other31/10/2013
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    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. 2024
    Annual accounts 202410,3 k €↑
  2. 2023
    Annual accounts 2023-262,8 k €↓
  3. 2022
    Annual accounts 20224,1 k €↑
  4. 2021
    Annual accounts 2021-40,9 k €↓
  5. 2020
    Annual accounts 202048 k €↓
  6. 2018
    Annual accounts 201885,8 k €↑
  7. 2017
    Annual accounts 201740,7 k €↑
  8. 2014
    Annual accounts 2014-96,9 k €↑
  9. 2013
    Annual accounts 2013-161,9 k €↓
  10. 2012
    Annual accounts 20128,3 k €↓
  11. 2011
    Annual accounts 201186,3 k €↑
  12. 2010
    Annual accounts 2010-53,6 k €↓
  13. 2009
    Annual accounts 20095,2 k €↓
  14. 2008
    Annual accounts 200826,9 k €↓
  15. 2007
    Annual accounts 200740,9 k €↑
  16. 2006
    Annual accounts 2006-18,2 k €
  17. 21/04/2004
    IncorporationPublic limited company