ACTIVE

INSAVER SUD

Export PDF

Financial year 2025 · closed on 31/12/2025

Net result

1,6 M €

+258.1% YoY

Revenue

6,4 M €

-63.4% YoY

Equity

1,7 M €

+1017.5% YoY

Workforce

13,5 ETP

-66.3% YoY

What does INSAVER SUD do?

INSAVER SUD is a Public limited company incorporated in 2007. Its registered office is in Herstal. It employs on average 13,5 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0888.476.547

Incorporation

03/04/2007

Legal form

Public limited company

Registered office

Rue du Fond des Fourches 23C
4041 Herstal · WallonieSee on map

Contributed capital

5 850 600,00 €

Latest accounts

31/12/2025

Average workforce

13,5 ETP

Joint committees (3)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

Health score

Available with a Rovalta subscriptionTry for 7 days

Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 16 financial years

	2025		2024		2023		2022		2021		2018		2017		2016		2015		2013		2012		2011		2010		2009		2008		2007
Income statement
Revenue	6,4 M €	-63.4%	17,4 M €	-42.9%	30,5 M €	+30.1%	23,4 M €	-24.0%	30,8 M €	+2.7%	30 M €	+35.8%	22,1 M €	+39.8%	15,8 M €	+39.8%	11,3 M €	+22.3%	9,3 M €	-26.2%	12,5 M €	+13.3%	11,1 M €		–		–		–		–
EBITDA	904,2 k €	-7.7%	979,1 k €	+152%	-1,9 M €	+1.9%	-1,9 M €	-205%	1,8 M €	-41.6%	3,1 M €	+74.4%	1,8 M €	+289%	456,3 k €	-1.1%	461,6 k €	+1413%	30,5 k €	-97.1%	1,1 M €	+49.8%	706,4 k €	+231%	-537,6 k €	-230%	412,7 k €	+48.8%	277,3 k €	+142%	114,8 k €
Operating result	1,7 M €	+146%	697,4 k €	+125%	-2,8 M €	+3.9%	-2,9 M €	-938%	343 k €	-85.8%	2,4 M €	+82.3%	1,3 M €	+890%	134,1 k €	+27.0%	105,6 k €	+146%	43 k €	-89.1%	392,6 k €	-19.1%	485,5 k €	+166%	-731,3 k €	-502%	182,1 k €	+59.9%	113,8 k €	+31.8%	86,3 k €
Net result	1,6 M €	+258%	436,3 k €	+112%	-3,8 M €	-28.4%	-2,9 M €	-1133%	282,7 k €	-82.7%	1,6 M €	+80.4%	906,6 k €	+2605%	33,5 k €	-13.8%	38,9 k €	-42.2%	67,3 k €	-80.0%	336,5 k €	-4.0%	350,3 k €	+142%	-833,4 k €	-1464%	61,1 k €	+444%	11,2 k €	-83.3%	67,2 k €
Balance sheet
Equity	1,7 M €	+1018%	149,8 k €	+154%	-275,2 k €	-4922%	5,7 k €	-99.8%	2,9 M €	-40.0%	4,9 M €	+49.5%	3,3 M €	+37.5%	2,4 M €	+0.8%	2,4 M €	+105%	1,2 M €	+5.0%	1,1 M €	+39.3%	787 k €	+977%	-89,8 k €	-137%	242,5 k €	+80.3%	134,5 k €	+89.9%	70,8 k €
Total assets	4,8 M €	-63.7%	13,3 M €	+2.5%	13 M €	-8.4%	14,2 M €	+6.0%	13,4 M €	-22.6%	17,3 M €	+17.4%	14,8 M €	+69.7%	8,7 M €	+12.2%	7,8 M €	+61.2%	4,8 M €	-4.1%	5 M €	-55.0%	11,1 M €	+112%	5,2 M €	+51.3%	3,5 M €	-9.9%	3,8 M €	+345%	865,3 k €
Cash	1,9 M €	+44.2%	1,3 M €	+128%	582,1 k €	+184%	204,8 k €	-70.3%	688,7 k €	-83.9%	4,3 M €	+30.2%	3,3 M €	+85.0%	1,8 M €	+111%	840,3 k €	+217%	265,5 k €	-26.6%	361,9 k €	-68.8%	1,2 M €	+271%	313,1 k €	+62.7%	192,4 k €	-67.2%	587 k €	+266%	160,5 k €
Debts	2,2 M €	-80.5%	11,4 M €	-1.2%	11,5 M €	-10.1%	12,8 M €	+33.3%	9,6 M €	-22.1%	12,3 M €	+8.2%	11,4 M €	+83.0%	6,2 M €	+16.5%	5,3 M €	+46.2%	3,7 M €	-5.8%	3,9 M €	-62.5%	10,4 M €	+189%	3,6 M €	+15.4%	3,1 M €	+7.9%	2,9 M €	+354%	633,2 k €
Other
Workforce	13,5 ETP	-66.3%	40,1 ETP	-60.8%	102,2 ETP	-14.1%	119,0 ETP	+0.7%	118,2 ETP	-11.4%	133,4 ETP	+10.9%	120,3 ETP	+34.3%	89,6 ETP	+50.8%	59,4 ETP	+24.0%	47,9 ETP	+3.0%	46,5 ETP	+40.5%	33,1 ETP	+27.3%	26,0 ETP	+42.1%	18,3 ETP	+67.9%	10,9 ETP	+187%	3,8 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 · 7 active · 47 ended

Active mandates

Stefan PIETERS

Director · since 05 février 2026 · until 31 mai 2032

Active

Go4Growth

Managing director · since 30 avril 2025 · until 05 février 2026 · 0803.253.337

Represented by Dirk TRIANGLE

Active

Mireka

Managing director · since 30 avril 2025 · until 31 mai 2032 · 1016.137.554

Represented by Stijn CUPPENS

Active

Christophe Leclercq

Managing director · since 01 mars 2022 · until 30 avril 2025

Active

Christophe. LECLERCQ

Personne déléguée à la gestion journalière · since 01 mars 2022 · until 05 février 2026

Active

Eric MERTENS

Managing director · since 01 mars 2022 · until 30 avril 2025

Active

Ingrid Renson

Director · since 01 mars 2022 · until 30 avril 2025

Active

Ended mandates

Go4Growth

Managing director · since 30 avril 2025 · until 28 mai 2032 · 0803.253.337

Represented by Dirk Triangle

Ended

Mireka

Managing director · since 30 avril 2025 · until 28 mai 2032 · 1016.137.554

Represented by Stijn Cuppens

Ended

Christophe Leclercq

Managing director · since 01 mars 2022 · until 27 mai 2026

Ended

Eric MERTENS

Managing director · since 01 mars 2022 · until 27 mai 2026

Ended

At this address

Other companies at this address

Company	CBE no.
BATITEC-DAUVISTER● Active	0742.905.776
NEWELEC● Active	0427.027.553

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	05/06/2026	27/06/2025	06/08/2024	25/07/2023	15/06/2022	29/06/2021
General meeting	29/05/2026	30/05/2025	28/06/2024	30/06/2023	30/05/2022	28/05/2021
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

Looking for more information about this company?

Try for 7 days

Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	29/05/2026	05/06/2026	French	PDF
Full model	31/12/2024	30/05/2025	27/06/2025	French	PDF
Full model	31/12/2023	28/06/2024	06/08/2024	French	PDF
Full model	31/12/2022	30/06/2023	25/07/2023	French	PDF
Full model	31/12/2021	30/05/2022	15/06/2022	French	PDF
Full model	31/12/2020	28/05/2021	29/06/2021	French	PDF
Full model	31/12/2019	28/05/2020	29/06/2020	French	PDF
Full modelCorrection	31/12/2018	28/05/2019	22/08/2019	French	PDF
Full model	31/12/2018	28/05/2019	27/06/2019	French	PDF
Full model	31/12/2017	30/05/2018	23/07/2018	French	PDF
Full model	31/12/2016	30/05/2017	14/07/2017	French	PDF
Full model	31/12/2015	30/05/2016	14/06/2016	French	PDF
Full model	31/12/2014	28/05/2015	16/06/2015	French	PDF
Full model	31/12/2013	17/06/2014	15/07/2014	French	PDF
Full model	31/12/2012	18/06/2013	20/06/2013	French	PDF
Abridged model	31/12/2011	11/04/2012	19/04/2012	French	PDF
Abridged model	31/12/2010	21/06/2011	29/09/2011	French	PDF
Abridged model	31/12/2009	15/06/2010	30/09/2010	French	PDF
Abridged model	31/12/2008	16/06/2009	20/08/2009	French	PDF
Abridged model	31/12/2007	17/06/2008	10/07/2008	French	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 · 7 active · 47 ended

Active mandates

Stefan PIETERS

Director · since 05 février 2026 · until 31 mai 2032

Active

Go4Growth

Managing director · since 30 avril 2025 · until 05 février 2026 · 0803.253.337

Represented by Dirk TRIANGLE

Active

Mireka

Managing director · since 30 avril 2025 · until 31 mai 2032 · 1016.137.554

Represented by Stijn CUPPENS

Active

Christophe Leclercq

Managing director · since 01 mars 2022 · until 30 avril 2025

Active

Christophe. LECLERCQ

Personne déléguée à la gestion journalière · since 01 mars 2022 · until 05 février 2026

Active

Eric MERTENS

Managing director · since 01 mars 2022 · until 30 avril 2025

Active

Ingrid Renson

Director · since 01 mars 2022 · until 30 avril 2025

Active

Ended mandates

Go4Growth

Managing director · since 30 avril 2025 · until 28 mai 2032 · 0803.253.337

Represented by Dirk Triangle

Ended

Mireka

Managing director · since 30 avril 2025 · until 28 mai 2032 · 1016.137.554

Represented by Stijn Cuppens

Ended

Christophe Leclercq

Managing director · since 01 mars 2022 · until 27 mai 2026

Ended

Eric MERTENS

Managing director · since 01 mars 2022 · until 27 mai 2026

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates08/05/2026
DEMISSIONS, NOMINATIONS
PDF
Mandates04/09/2025
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DENOMINATION - DIVERS - OBJET
PDF
Mandates16/06/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates28/01/2025
DEMISSIONS, NOMINATIONS
PDF
Registered office23/09/2024
SIEGE SOCIAL
PDF
Capital / shares14/02/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - CAPITAL, ACTIONS
PDF
Restructuring15/05/2023
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Mandates08/03/2022
DEMISSIONS, NOMINATIONS - DIVERS
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 20251,6 M €↑
2025
Name changeINSAVER SUD
2024
Annual accounts 2024436,3 k €↑
2023
Annual accounts 2023-3,8 M €↓
2022
Annual accounts 2022-2,9 M €↓
2021
Annual accounts 2021282,7 k €↓
2021
Name changeDAUVISTER
2018
Annual accounts 20181,6 M €↑
2017
Annual accounts 2017906,6 k €↑
2016
Annual accounts 201633,5 k €↓
2015
Annual accounts 201538,9 k €↓
2013
Annual accounts 201367,3 k €↓
2012
Annual accounts 2012336,5 k €↓
2011
Annual accounts 2011350,3 k €↑
2010
Annual accounts 2010-833,4 k €↓
2009
Annual accounts 200961,1 k €↑
2008
Annual accounts 200811,2 k €↓
2007
Annual accounts 200767,2 k €
03/04/2007
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

INSAVER SUD

Overview

What does INSAVER SUD do?

Trend over 16 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