ACTIVE

ISWATRA

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Financial year 2025 · closed on 30/09/2025

Net result

361 k €

+6042.9% YoY

Gross margin

389,2 k €

+270.5% YoY

Equity

541,1 k €

+200.4% YoY

What does ISWATRA do?

ISWATRA is a Public limited company incorporated in 2007. Its main activity is: Inland freight water transport. Its registered office is in Brasschaat.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0891.268.563

Incorporation

06/08/2007

Legal form

Public limited company

Registered office

Bredabaan 1201
2930 Brasschaat · FlandreSee on map

Contributed capital

500 000,00 €

Latest accounts

30/09/2025

Activities (NACE)

50400Inland freight water transport· main 50400Inland freight water transport 61200Wireless telecommunications activities

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008
Income statement
Gross margin	389,2 k €	+271%	105 k €	-13.8%	121,9 k €	-35.8%	189,9 k €	+723%	23,1 k €	-81.9%	127,3 k €	-66.7%	382,3 k €	-1.0%	386,2 k €	-17.5%	468,3 k €	+36.4%	343,4 k €	+10.6%	310,6 k €	+100%	155,1 k €	-30.5%	223,3 k €	-51.7%	462 k €	+29.9%	355,6 k €	+77.7%	200,1 k €	-1.6%	203,4 k €	+138%	85,5 k €
EBITDA	386,7 k €	+278%	102,2 k €	-14.8%	120 k €	-35.3%	185,5 k €	+870%	19,1 k €	-84.9%	126,3 k €	-66.9%	381,3 k €	-1.1%	385,4 k €	-17.4%	466,8 k €	+36.8%	341,2 k €	+10.4%	309,1 k €	+102%	153 k €	-24.7%	203,1 k €	-48.9%	397,1 k €	+16.7%	340,2 k €	+74.0%	195,5 k €	+21.2%	161,4 k €	+489%	27,4 k €
Operating result	385,8 k €	+1928%	19 k €	-48.7%	37,1 k €	-64.7%	105,1 k €	+450%	19,1 k €	-84.9%	126,3 k €	-66.9%	381,3 k €	-1.1%	385,4 k €	-15.4%	455,8 k €	+38.0%	330,2 k €	+10.8%	298,1 k €	+110%	141,8 k €	-30.2%	203,1 k €	+1069%	17,4 k €	-87.8%	142,1 k €	+1166%	-13,3 k €	+93.6%	-207,9 k €	-191%	-71,4 k €
Net result	361 k €	+6043%	5,9 k €	-53.3%	12,6 k €	-84.5%	81,3 k €	+522%	13,1 k €	-90.4%	136,7 k €	-63.3%	372,1 k €	+5.3%	353,2 k €	-14.2%	411,6 k €	+41.3%	291,2 k €	+22.2%	238,4 k €	+184%	84,1 k €	+111%	-800 k €	-192%	-273,9 k €	-78.4%	-153,5 k €	+49.4%	-303,1 k €	+38.3%	-490,9 k €	-65.7%	-296,3 k €
Balance sheet
Equity	541,1 k €	+200%	180,1 k €	+3.4%	174,2 k €	+6.2%	164,1 k €	+98.1%	82,8 k €	+18.7%	69,7 k €	-83.9%	433 k €	+611%	60,9 k €	+121%	-292,3 k €	+58.5%	-703,9 k €	+29.3%	-995,1 k €	+19.3%	-1,2 M €	+6.4%	-1,3 M €	-155%	-517,6 k €	-112%	-243,7 k €	-170%	-90,2 k €	-142%	212,8 k €	-69.8%	703,7 k €
Total assets	742,7 k €	-15.7%	881,3 k €	-29.5%	1,3 M €	-11.4%	1,4 M €	-1.7%	1,4 M €	+86.5%	770 k €	+7.7%	714,7 k €	-10.7%	800,2 k €	+3.6%	772,6 k €	+24.7%	619,4 k €	+85.3%	334,4 k €	+139%	140,1 k €	+29.4%	108,3 k €	-98.2%	6 M €	-6.9%	6,5 M €	-2.1%	6,6 M €	-1.8%	6,7 M €	-6.1%	7,2 M €
Cash	32,7 k €	-58.9%	79,6 k €	-75.0%	318,5 k €	+334%	73,4 k €	-59.4%	180,8 k €	+115%	83,9 k €	-72.1%	300,6 k €	-15.5%	355,8 k €	-5.3%	375,5 k €	+55.5%	241,4 k €	+116%	112 k €	+74.3%	64,3 k €	+108%	30,9 k €	+78.3%	17,3 k €	-73.6%	65,7 k €	+1008%	5,9 k €	-55.8%	13,4 k €	-82.1%	74,9 k €
Debts	200,8 k €	-70.5%	680,6 k €	-35.2%	1,1 M €	-13.7%	1,2 M €	-8.6%	1,3 M €	+90.2%	700,3 k €	+156%	273,4 k €	-61.2%	703,9 k €	-31.4%	1 M €	-19.4%	1,3 M €	+21.1%	1,1 M €	+2.8%	1 M €	-5.3%	1,1 M €	-82.6%	6,2 M €	-3.6%	6,4 M €	-0.7%	6,5 M €	+2.0%	6,3 M €	+0.2%	6,3 M €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		–		–		0,2 ETP	-75.0%	0,8 ETP	+100%	0,4 ETP		–		1,0 ETP	-9.1%	1,1 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 30/09/2025 · 2 active · 15 ended

Active mandates

Freddy DE ROECK

Managing director · since 03 mars 2025 · until 03 mars 2031

Active

Isabella ANTHONISSEN

Managing director · since 03 mars 2025 · until 03 mars 2031

Active

Ended mandates

Freddy DE ROECK

Managing director · since 04 mars 2019 · until 03 mars 2025

Ended

Isabella ANTHONISSEN

Director · since 04 mars 2019 · until 03 mars 2025

Ended

Isabella ANTHONISSEN

Managing director · since 04 mars 2019 · until 03 mars 2025

Ended

Isabelle ANTHONISSEN

Director · since 04 mars 2019 · until 03 mars 2025

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/10/2024	01/10/2023	01/10/2022	01/10/2021	01/10/2020	01/10/2019
Closing of the financial year	30/09/2025	30/09/2024	30/09/2023	30/09/2022	30/09/2021	30/09/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	27/04/2026	20/03/2025	29/03/2024	20/03/2023	31/03/2022	23/03/2021
General meeting	02/03/2026	03/03/2025	04/03/2024	06/03/2023	07/03/2022	01/03/2021
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

18 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	30/09/2025	02/03/2026	27/04/2026	Dutch	PDF
Micro model	30/09/2024	03/03/2025	20/03/2025	Dutch	PDF
Micro model	30/09/2023	04/03/2024	29/03/2024	Dutch	PDF
Micro model	30/09/2022	06/03/2023	20/03/2023	Dutch	PDF
Micro model	30/09/2021	07/03/2022	31/03/2022	Dutch	PDF
Micro model	30/09/2020	01/03/2021	23/03/2021	Dutch	PDF
Micro model	30/09/2019	02/03/2020	06/03/2020	Dutch	PDF
Micro model	30/09/2018	04/03/2019	15/03/2019	Dutch	PDF
Micro model	30/09/2017	05/03/2018	06/03/2018	Dutch	PDF
Abridged model	30/09/2016	06/03/2017	08/03/2017	Dutch	PDF
Abridged model	30/09/2015	07/03/2016	15/03/2016	Dutch	PDF
Abridged model	30/09/2014	02/03/2015	11/03/2015	Dutch	PDF
Abridged model	30/09/2013	03/03/2014	21/03/2014	Dutch	PDF
Abridged model	30/09/2012	04/03/2013	29/04/2013	Dutch	PDF
Abridged model	30/09/2011	05/03/2012	17/04/2012	Dutch	PDF
Abridged model	30/09/2010	07/03/2011	22/03/2011	Dutch	PDF
Abridged model	30/09/2009	01/03/2010	09/03/2010	Dutch	PDF
Abridged model	30/09/2008	02/03/2009	31/08/2009	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 30/09/2025 · 2 active · 15 ended

Active mandates

Freddy DE ROECK

Managing director · since 03 mars 2025 · until 03 mars 2031

Active

Isabella ANTHONISSEN

Managing director · since 03 mars 2025 · until 03 mars 2031

Active

Ended mandates

Freddy DE ROECK

Managing director · since 04 mars 2019 · until 03 mars 2025

Ended

Isabella ANTHONISSEN

Director · since 04 mars 2019 · until 03 mars 2025

Ended

Isabella ANTHONISSEN

Managing director · since 04 mars 2019 · until 03 mars 2025

Ended

Isabelle ANTHONISSEN

Director · since 04 mars 2019 · until 03 mars 2025

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates08/04/2025
ONTSLAGEN - BENOEMINGEN
PDF
Registered office24/02/2025
MAATSCHAPPELIJKE ZETEL
PDF
Capital / shares06/10/2020
KAPITAAL - AANDELEN
PDF
Mandates01/08/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates30/04/2019
ONTSLAGEN - BENOEMINGEN
PDF
Registered office17/01/2019
MAATSCHAPPELIJKE ZETEL
PDF
Mandates03/06/2013
ONTSLAGEN - BENOEMINGEN
PDF
Mandates24/07/2012
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 2025361 k €↑
2024
Annual accounts 20245,9 k €↓
2023
Annual accounts 202312,6 k €↓
2022
Annual accounts 202281,3 k €↑
2021
Annual accounts 202113,1 k €↓
2020
Annual accounts 2020136,7 k €↓
2019
Annual accounts 2019372,1 k €↑
2018
Annual accounts 2018353,2 k €↓
2017
Annual accounts 2017411,6 k €↑
2016
Annual accounts 2016291,2 k €↑
2015
Annual accounts 2015238,4 k €↑
2014
Annual accounts 201484,1 k €↑
2013
Annual accounts 2013-800 k €↓
2012
Annual accounts 2012-273,9 k €↓
2011
Annual accounts 2011-153,5 k €↑
2010
Annual accounts 2010-303,1 k €↑
2009
Annual accounts 2009-490,9 k €↓
2008
Annual accounts 2008-296,3 k €
06/08/2007
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

ISWATRA

Overview

What does ISWATRA do?

Trend over 18 financial years

Indicative valuation

Board of directors

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