INSAVER SUD (SA) — Herstal (4041)

Identity

Source · BCE/KBO

INSAVER SUD is a Public limited company incorporated in 2007. Its main activity is: Electrical installation. 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

Activities (NACE)

43213Electrical installation· main 43222Plumbing, heat and air-conditioning installation 43222Plumbing, heat and air-conditioning installation 45331Sale of motor vehicle parts and accessories 43410Specialised construction activities 43910Roofing activities+5

Joint committees (3)

124
200
218

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 20 filings

Trend over 16 financial years

	2025		2024		2023		2022		2021
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 €
EBITDA	904,2 k €	-7.7%	979,1 k €	+152%	-1,9 M €	+1.9%	-1,9 M €	-205%	1,8 M €
Operating result	1,7 M €	+146%	697,4 k €	+125%	-2,8 M €	+3.9%	-2,9 M €	-938%	343 k €
Net result	1,6 M €	+258%	436,3 k €	+112%	-3,8 M €	-28.4%	-2,9 M €	-1133%	282,7 k €
Balance sheet
Equity	1,7 M €	+1018%	149,8 k €	+154%	-275,2 k €	-4922%	5,7 k €	-99.8%	2,9 M €
Total assets	4,8 M €	-63.7%	13,3 M €	+2.5%	13 M €	-8.4%	14,2 M €	+6.0%	13,4 M €
Cash	1,9 M €	+44.2%	1,3 M €	+128%	582,1 k €	+184%	204,8 k €	-70.3%	688,7 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 €
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

Valuation

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

7 active · 16 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Stefan PIETERS	Director05/02/2026 → 31/05/2032
Go4Growth0803.253.337Represented by Dirk Triangle	Managing director30/04/2025 → 28/05/2032
Mireka1016.137.554Represented by Stijn Cuppens	Managing director30/04/2025 → 31/05/2032
Christophe Leclercq	Managing director01/03/2022 → 27/05/2026
Christophe. LECLERCQ	Personne déléguée à la gestion journalière01/03/2022 → 05/02/2026
Eric MERTENS	Managing director01/03/2022 → 27/05/2026
Ingrid Renson	Director30/12/2014 → 27/05/2026

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Alexis Stoffels	Managing director28/05/2020 → 2021 accounts
Geert Maes	Director28/05/2020 → 2021 accounts

Other companies at this address

Rue du Fond des Fourches 23C 4041 Herstal

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

Full financial information

Source · NBB

	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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings

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

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.

Board of directors

Source · NBB, accounts to 31/12/2025

7 active · 16 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Stefan PIETERS	Director05/02/2026 → 31/05/2032
Go4Growth0803.253.337Represented by Dirk Triangle	Managing director30/04/2025 → 28/05/2032
Mireka1016.137.554Represented by Stijn Cuppens	Managing director30/04/2025 → 31/05/2032
Christophe Leclercq	Managing director01/03/2022 → 27/05/2026
Christophe. LECLERCQ	Personne déléguée à la gestion journalière01/03/2022 → 05/02/2026
Eric MERTENS	Managing director01/03/2022 → 27/05/2026
Ingrid Renson	Director30/12/2014 → 27/05/2026

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Alexis Stoffels	Managing director28/05/2020 → 2021 accounts
Geert Maes	Director28/05/2020 → 2021 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

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

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings16 filings

Mandates

Stefan PIETERS

Go4Growth

Mireka

Ingrid Renson

Christophe Leclercq

Christophe. LECLERCQ

Eric MERTENS

THEMA INVEST

Véronique Vansteelandt

Alexis Stoffels

Julien Doyard

Geert Maes

Show the 11 other mandates

20072008200920102011201220132014201520162017201820192020202120222023202420252026202720282029203020312032

INSAVER SUDDAUVISTER

Rue du Fond des Fourches 23C, 4041 Vottemrue Crufer 8, 4970 Stavelot

Director

Managing director

Director

Managing director

Personne déléguée à la gestion journalière

Managing director

Director

Managing directorDirector

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Rue du Fond des Fourches 23C, 4041 VottemCurrent	accounts 2025	Accounts 2025 · 2026-00144424
rue du Fond des Fourches 23 bte c, 4041 Vottem	accounts 2024	Accounts 2024 · 2025-00220153
rue Crufer 8, 4970 Stavelot	accounts 2021 → 2023	Accounts 2023 · 2024-00331506

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
INSAVER SUDCurrent	accounts 2025	Accounts 2025 · 2026-00144424
DAUVISTER	accounts 2021 → 2024	Accounts 2024 · 2025-00220153

Events

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 €↓
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

INSAVER SUD

Overview

Identity

Financials

Valuation

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

Timeline

Registered offices

Company names

Events