ISABEL

Active

Public limited companyfounded 199531 yrs activeSinter-Goedeleplein 14, 1000 Brussel, BelgiumKBO/BCE: BE 0455.530.509

Summary

ISABEL has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €73.54M and a net result of €13.22M. Equity is growing by ~14.7% per year across the filed fiscal years. Its solvency ranks better than 54% of 1424 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Risk analysis Watch Report Compare

ISABELActiveChecked score 76/100

Risk analysis Report Compare

Checked score

Score 2025

76 / 100

Excellent

Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability86▲+46

Solvency68▲+6

Growth66=

Track record100

Bankruptcy probability, 12 months

0.1% Very low

0%0.5%1.5%4%10%≥ 25%

Credit up to €2M at 30 days acceptable

Liquidity ample (current ratio 1.67 against 1.55 in 2024; short-term debt: 56% and cash: 15.7% of total assets), but 56.9% of the assets are financed with debt.

Credit check for your own amount and term

Open the credit simulator : see how the verdict changes with amount, term and advance.

Signals

Six signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Lower-failure-rate sector

In this sector companies fail less often than the Belgian average.

Gazette · bankruptcies per sector, NACE 62

Relative position

BE, all sectors

reference

Computer programming, consultancy and related activities (NACE 62)

about 64% fewer bankruptcies

← fewer bankruptcies more bankruptcies →

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

43.1%

Return on assets

7.8%

Age of the figures

9 mo

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Lower-risk legal form

Companies with this legal form statistically fail less often than a BV.

KBO · legal form

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-05-2026, 65 days ahead of the deadline.

NBB · 5 filings

Deviation from the deadline

2025

65 d early

2024

69 d early

2023

65 d early

2022

67 d early

2021

73 d early

← before the deadline after the deadline →

Checked, nothing found (2)

The next deadline is still running

The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.

Companies Code · seven months

Position in the running window

25-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

History

On 23 June 1995, ISABEL was incorporated.¹ LOCKEY was merged into the company in 2018.² In 2026 the registered office moved to Brussel.³ Of the 7 current board members, Filip Rombouts has served longest, since 2017.⁴ Revenue went from EUR 55 million in 2018 to EUR 69 million in 2025 and headcount from 131 to 152 full-time equivalents.⁵

Financials · fiscal year 2025, full schema, statutory accounts

Turnover

€68.47M▲ 5.2%

2024 · €65.09M

EBIT margin

19.4%▲ 22.1pp

2024 · -2.7%

Net result

€13.22M▼ 95.7%

2024 · €310.06M

Working capital

€63.59M▼ 52.9%

2024 · €135.05M

Trend over the years

Chart Table

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before

favourable unfavourable

Line20212022202320242025

Turnover€58.28M▲ 3.3%€59.29M▲ 1.7%€64.83M▲ 9.3%€65.09M▲ 0.4%€68.47M▲ 5.2%

Operating result€14.00M▲ 26.3%€12.21M▼ 12.8%€18.21M▲ 49.1%€-1.73M€13.28M

Net result€10.24M▲ 26.7%€8.75M▼ 14.6%€13.89M▲ 58.8%€310.06M▲ 2,132%€13.22M▼ 95.7%

EBIT margin24.0%▲ 4.4pp20.6%▼ 3.4pp28.1%▲ 7.5pp-2.7%▼ 30.7pp19.4%▲ 22.1pp

Equity€57.62M▲ 21.6%€66.37M▲ 15.2%€80.26M▲ 20.9%€145.32M▲ 81.1%€73.54M▼ 49.4%

Total assets€67.33M▲ 18.7%€79.23M▲ 17.7%€93.15M▲ 17.6%€391.20M▲ 320%€170.49M▼ 56.4%

Debt€9.07M▲ 3.6%€12.15M▲ 33.9%€12.06M▼ 0.7%€244.83M▲ 1,930%€95.55M▼ 61.0%

Working capital€25.55M▼ 3.4%€30.52M▲ 19.4%€40.34M▲ 32.2%€135.05M▲ 235%€63.59M▼ 52.9%

Staff (FTE)138.9▲ 1.7%146.3▲ 5.3%139.9▼ 4.4%136.3▼ 2.6%151.6▲ 11.2%

Result per fiscal year

Operating resultNet result

The operating result returns to profit in 2025: €13.28M after a loss of €1.73M in 2024.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €170.49M

93.3%

Fixed assets €11.36M ▲ 0.2%

Current assets €159.13M ▼ 58.1%

Equity and liabilities €170.49M

43.1%

56.0%

Equity €73.54M ▼ 49.4%

Provisions €1.40M ▲ 32.9%

Debt €95.55M ▼ 61.0%

Debt's share of the balance-sheet total falls from 62.6% to 56.0%. Equity and debt are lower.

Key figures and ratios

2025 value · change against 2024

EBITDA

€14.90M▲

2024 · €-109k

Cash flow

€14.84M▼

2024 · €311.68M

Current ratio

1.67▲

2024 · 1.55

Quick ratio

1.66▲

2024 · 1.55

Debt to equity

1.30▼

2024 · 1.68

ROE

18.0%▼

2024 · 213.4%

ROA

7.8%▼

2024 · 79.3%

Interest coverage

136.59▲

2024 · -1.17

Debt ≤ 1 year

€95.54M▼

2024 · €244.82M

Income taxes

€4.90M▲

2024 · €4.66M

Staff costs

€22.43M▲

2024 · €20.95M

Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Annual accounts

OverviewIncome statement Balance sheet Cash flow

Filed annual accounts As filed with the NBB · 2025 against 2024 · 82 lines

Balance sheet Code20242025

Assets

Total assets20/58€391.20M€170.49M▼

Fixed assets21/28€11.34M€11.36M▲

Intangible fixed assets21€579k€459k▼

Tangible fixed assets22/27€2.01M€1.98M▼

Furniture and vehicles24€2.01M€1.93M▼

Assets under construction and advance payments27-€45k

Financial fixed assets28€8.75M€8.92M▲

Affiliated companies280/1€8.68M€8.86M▲

Participating interests280€6.82M€6.94M▲

Amounts receivable281€1.86M€1.92M▲

Other financial fixed assets284/8€64k€63k▼

Amounts receivable and cash guarantees285/8€64k€63k▼

Current assets29/58€379.87M€159.13M▼

Stocks and contracts in progress3€881k€934k▲

Stocks30/36€881k€934k▲

Goods purchased for resale34€881k€934k▲

Amounts receivable within one year40/41€6.77M€7.73M▲

Trade receivables40€6.45M€7.54M▲

Other amounts receivable41€324k€194k▼

Current investments50/53€340.00M€120.00M▼

Other investments51/53€340.00M€120.00M▼

Cash at bank and in hand54/58€29.82M€26.78M▼

Deferred charges and accrued income490/1€2.40M€3.68M▲

Equity and liabilities

Total equity and liabilities10/49€391.20M€170.49M▼

Equity10/15€145.32M€73.54M▼

Contributions10/11€3.20M€3.20M=

Capital10€3.20M€3.20M=

Issued capital100€3.20M€3.20M=

Reserves13€7.08M€7.08M=

Non-distributable reserves130/1€321k€321k=

Legal reserve130€321k€321k=

Distributable reserves133€6.76M€6.76M=

Profit (loss) carried forward14€135.05M€63.26M▼

Provisions and deferred taxes16€1.05M€1.40M▲

Provisions for liabilities and charges160/5€1.05M€1.40M▲

Pensions and similar obligations160€294k€351k▲

Other liabilities and charges164/5€759k€1.05M▲

Amounts payable17/49€244.83M€95.55M▼

Amounts payable within one year42/48€244.82M€95.54M▼

Trade debts44€4.32M€4.40M▲

Suppliers440/4€4.32M€4.40M▲

Taxes, remuneration and social security45€5.24M€5.88M▲

Taxes450/3€567k€664k▲

Remuneration and social security454/9€4.68M€5.21M▲

Other amounts payable47/48€235.26M€85.26M▼

Accrued charges and deferred income492/3€6k€14k▲

Income statement Code20242025

Operating income70/76A€71.51M€72.26M▲

Turnover70€65.09M€68.47M▲

Other operating income74€6.42M€3.78M▼

Operating charges60/66A€73.24M€58.97M▼

Goods for resale, raw materials and consumables60€1.10M€565k▼

Purchases600/8€396k€619k▲

Change in stocks: decrease (increase)609€707k€-54k▼

Services and other goods61€49.31M€33.91M▼

Remuneration, social security and pensions62€20.95M€22.43M▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1.62M€1.62M▲

Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-6k€-2k▲

Provisions for liabilities and charges: additions (uses and reversals)635/8€225k€346k▲

Other operating charges640/8€44k€101k▲

Operating profit (loss)9901€-1.73M€13.28M▲

Financial income75/76B€322.67M€5.00M▼

Recurring financial income75€3.27M€5.00M▲

Income from financial fixed assets750€104k€109k▲

Income from current assets751€3.16M€4.88M▲

Other financial income752/9€978€2k▲

Non-recurring financial income76B€319.40M-

Financial charges65/66B€6.22M€157k▼

Recurring financial charges65€120k€157k▲

Debt charges650€92k€109k▲

Other financial charges652/9€28k€47k▲

Non-recurring financial charges66B€6.10M-

Profit (loss) for the period before taxes9903€314.72M€18.12M▼

Income taxes67/77€4.66M€4.90M▲

Taxes670/3€4.73M€4.90M▲

Tax adjustments and reversals of tax provisions77€73k-

Profit (loss) for the period9904€310.06M€13.22M▼

Profit (loss) for the period to be appropriated9905€310.06M€13.22M▼

Appropriation of the result

Profit (loss) to be appropriated9906€380.05M€148.26M▼

Profit (loss) brought forward from the previous period14P€69.98M€135.05M▲

Profit to be distributed694/7€245.00M€85.00M▼

Return on contributions (dividend)694€245.00M€85.00M▼

Social balance

Average headcount (FTE)9087136.3151.6▲

The notes to these accounts (76 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line	2021	2022	2023	2024	2025	Change
Operating income70/76A	€62.16M	€63.96M	€71.35M	€71.51M	€72.26M	▲ 1.0%
Turnover70	€58.28M	€59.29M	€64.83M	€65.09M	€68.47M	▲ 5.2%
Other operating income74	€3.88M	€4.67M	€6.51M	€6.42M	€3.78M	▼ 41.1%
Operating charges60/66A	€48.16M	€51.75M	€53.14M	€73.24M	€58.97M	▼ 19.5%
Goods for resale, raw materials and consumables60	€554k	€627k	€541k	€1.10M	€565k	▼ 48.7%
Purchases600/8	€388k	€896k	€1.71M	€396k	€619k	▲ 56.4%
Change in stocks: decrease (increase)609	€166k	€-269k	€-1.17M	€707k	€-54k	▼ 108%
Services and other goods61	€29.46M	€31.58M	€31.39M	€49.31M	€33.91M	▼ 31.2%
Remuneration, social security and pensions62	€16.48M	€18.13M	€20.10M	€20.95M	€22.43M	▲ 7.1%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630	€1.57M	€1.25M	€1.02M	€1.62M	€1.62M	▲ 0.1%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4	€2k	€69k	€-53k	€-6k	€-2k	▲ 66.7%
Provisions for liabilities and charges: additions (uses and reversals)635/8	€71k	€78k	€113k	€225k	€346k	▲ 54.1%
Other operating charges640/8	€23k	€15k	€28k	€44k	€101k	▲ 128%
Operating profit (loss)9901	€14.00M	€12.21M	€18.21M	€-1.73M	€13.28M	▲ 870%
Financial income75/76B	€121k	€86k	€622k	€322.67M	€5.00M	▼ 98.5%
Recurring financial income75	€121k	€86k	€622k	€3.27M	€5.00M	▲ 53.0%
Income from financial fixed assets750	€7k	€85k	€104k	€104k	€109k	▲ 4.5%
Income from current assets751	€106k	-	€511k	€3.16M	€4.88M	▲ 54.5%
Other financial income752/9	€8k	€851	€7k	€978	€2k	▲ 153%
Non-recurring financial income76B	-	-	-	€319.40M	-	-
Financial charges65/66B	€243k	€204k	€106k	€6.22M	€157k	▼ 97.5%
Recurring financial charges65	€243k	€204k	€106k	€120k	€157k	▲ 30.1%
Debt charges650	€82k	€80k	€79k	€92k	€109k	▲ 18.0%
Other financial charges652/9	€161k	€124k	€27k	€28k	€47k	▲ 70.1%
Non-recurring financial charges66B	-	-	-	€6.10M	-	-
Profit (loss) for the period before taxes9903	€13.88M	€12.10M	€18.72M	€314.72M	€18.12M	▼ 94.2%
Income taxes67/77	€3.64M	€3.35M	€4.83M	€4.66M	€4.90M	▲ 5.2%
Taxes670/3	€3.64M	€3.35M	€4.87M	€4.73M	€4.90M	▲ 3.6%
Tax adjustments and reversals of tax provisions77	€1	-	€39k	€73k	-	-
Profit (loss) for the period9904	€10.24M	€8.75M	€13.89M	€310.06M	€13.22M	▼ 95.7%
Profit (loss) for the period to be appropriated9905	€10.24M	€8.75M	€13.89M	€310.06M	€13.22M	▼ 95.7%

Line	2021	2022	2023	2024	2025	Change
Assets
Total assets20/58	€67.33M	€79.23M	€93.15M	€391.20M	€170.49M	▼ 56.4%
Fixed assets21/28	€33.00M	€38.31M	€40.75M	€11.34M	€11.36M	▲ 0.2%
Intangible fixed assets21	€328k	€238k	€144k	€579k	€459k	▼ 20.7%
Tangible fixed assets22/27	€1.09M	€1.82M	€1.68M	€2.01M	€1.98M	▼ 1.4%
Furniture and vehicles24	€1.05M	€1.81M	€1.68M	€2.01M	€1.93M	▼ 3.7%
Other tangible fixed assets26	€37k	€8k	€1k	-	-	-
Assets under construction and advance payments27	-	-	-	-	€45k	-
Financial fixed assets28	€31.59M	€36.26M	€38.93M	€8.75M	€8.92M	▲ 2.0%
Affiliated companies280/1	€31.52M	€36.19M	€38.87M	€8.68M	€8.86M	▲ 2.0%
Participating interests280	€29.91M	€34.49M	€37.06M	€6.82M	€6.94M	▲ 1.8%
Amounts receivable281	€1.61M	€1.70M	€1.80M	€1.86M	€1.92M	▲ 3.0%
Other financial fixed assets284/8	€68k	€64k	€64k	€64k	€63k	▼ 1.1%
Amounts receivable and cash guarantees285/8	€68k	€64k	€64k	€64k	€63k	▼ 1.1%
Current assets29/58	€34.32M	€40.92M	€52.40M	€379.87M	€159.13M	▼ 58.1%
Stocks and contracts in progress3	€153k	€421k	€1.59M	€881k	€934k	▲ 6.1%
Stocks30/36	€153k	€421k	€1.59M	€881k	€934k	▲ 6.1%
Goods purchased for resale34	€153k	€421k	€1.59M	€881k	€934k	▲ 6.1%
Amounts receivable within one year40/41	€6.52M	€10.13M	€8.24M	€6.77M	€7.73M	▲ 14.2%
Trade receivables40	€6.49M	€10.12M	€7.97M	€6.45M	€7.54M	▲ 16.9%
Other amounts receivable41	€30k	€9k	€271k	€324k	€194k	▼ 40.1%
Current investments50/53	-	-	€25.00M	€340.00M	€120.00M	▼ 64.7%
Other investments51/53	-	-	€25.00M	€340.00M	€120.00M	▼ 64.7%
Cash at bank and in hand54/58	€24.21M	€27.43M	€14.78M	€29.82M	€26.78M	▼ 10.2%
Deferred charges and accrued income490/1	€3.44M	€2.94M	€2.79M	€2.40M	€3.68M	▲ 53.8%
Equity and liabilities
Total equity and liabilities10/49	€67.33M	€79.23M	€93.15M	€391.20M	€170.49M	▼ 56.4%
Equity10/15	€57.62M	€66.37M	€80.26M	€145.32M	€73.54M	▼ 49.4%
Contributions10/11	€3.20M	€3.20M	€3.20M	€3.20M	€3.20M	=
Capital10	€3.20M	€3.20M	€3.20M	€3.20M	€3.20M	=
Issued capital100	€3.20M	€3.20M	€3.20M	€3.20M	€3.20M	=
Reserves13	€7.08M	€7.08M	€7.08M	€7.08M	€7.08M	=
Non-distributable reserves130/1	€321k	€321k	€321k	€321k	€321k	=
Legal reserve130	€321k	€321k	€321k	€321k	€321k	=
Distributable reserves133	€6.76M	€6.76M	€6.76M	€6.76M	€6.76M	=
Profit (loss) carried forward14	€47.34M	€56.09M	€69.98M	€135.05M	€63.26M	▼ 53.2%
Provisions and deferred taxes16	€638k	€716k	€828k	€1.05M	€1.40M	▲ 32.9%
Provisions for liabilities and charges160/5	€638k	€716k	€828k	€1.05M	€1.40M	▲ 32.9%
Pensions and similar obligations160	€256k	€230k	€238k	€294k	€351k	▲ 19.4%
Other liabilities and charges164/5	€382k	€486k	€590k	€759k	€1.05M	▲ 38.1%
Amounts payable17/49	€9.07M	€12.15M	€12.06M	€244.83M	€95.55M	▼ 61.0%
Amounts payable within one year42/48	€8.77M	€10.40M	€12.06M	€244.82M	€95.54M	▼ 61.0%
Trade debts44	€4.41M	€4.69M	€5.69M	€4.32M	€4.40M	▲ 1.9%
Suppliers440/4	€4.41M	€4.69M	€5.69M	€4.32M	€4.40M	▲ 1.9%
Taxes, remuneration and social security45	€4.11M	€5.46M	€6.11M	€5.24M	€5.88M	▲ 12.1%
Taxes450/3	€231k	€822k	€1.12M	€567k	€664k	▲ 17.2%
Remuneration and social security454/9	€3.87M	€4.63M	€4.99M	€4.68M	€5.21M	▲ 11.5%
Other amounts payable47/48	€258k	€258k	€258k	€235.26M	€85.26M	▼ 63.8%
Accrued charges and deferred income492/3	€300k	€1.75M	€5k	€6k	€14k	▲ 126%

Line	2021	2022	2023	2024	2025	Change
Profit (loss) for the period9904	€10.24M	€8.75M	€13.89M	€310.06M	€13.22M	▼ 95.7%
+ Depreciation and write-downs630	€1.57M	€1.25M	€1.02M	€1.62M	€1.62M	▲ 0.1%
Operating cash flow (approximation)	€11.81M	€10.00M	€14.92M	€311.68M	€14.84M	▼ 95.2%
Investment in fixed assets (approximation)	-	€-6.56M	€-3.47M	€27.80M	€-1.65M	▼ 106%
Change in cash	-	€3.21M	€-12.65M	€15.04M	€-3.04M	▼ 120%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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More with these figures Sector benchmark What changed Value indication

Timeline · acts, filings and financial milestones

All 54Financial 4Gazette 40Filings 10

Next filing, fiscal year 2026, expected by 31-07-2027

2026

24-07

State Gazette act Registered office

Registered-office move · Establishment closure3 facts ▸

Board meeting, 03/07/2026
Registered-office move, Sinter-Goedeleplein 14, 1000 Brussel
Establishment closure, Keizerinlaan 13-15, 1000 Brussel, 01/10/2026

02-06

State Gazette act Resignations: Maarten Van Royen, Bram Somers and Frank Stockx

Appointments: Mario De Vry (director) and Lieve De Mol (director) · Power of attorney15 facts ▸

General meeting, 21-04-2026
Director resignation, Maarten Van Royen (director)
Director resignation, Bram Somers (director and chair of the board)
Director appointment, Mario De Vry (director)
Director appointment, Lieve De Mol (director)
Director resignation, Frank Stockx (director)
Board composition, François Franssen (director)
Board composition, Alessandra Guion (extern bestuurder)
Board composition, Tom Swerts (director)
Board composition, Filip Rombouts (director)
Board composition, Kris De Ryck (managing director)
Board composition, Mario De Vry (director)
+3 further facts in this act

27-05

NBB filing Annual accounts filed

fiscal year 2025 · full schema

27-05

NBB filing Annual accounts filed

fiscal year 2025 · consolidated

03-03

State Gazette act Miscellaneous

Correction1 fact ▸

Correction, Correctie naam gedelegeerde bestuurder in publicatie van 30/10/2025 (nr 25137708)

2025

30-10

State Gazette act Resignations & appointments

Power of attorney2 facts ▸

Board meeting, 10/10/2025
Power of attorney, Kris De Rijck

20-06

State Gazette act Appointments: PricewaterhouseCoopers- Bedrijfsrevisoren BV, Alessandra Guion and 7 others

Permanent representative: Jeroen Bockaert · Auditor fee approval12 facts ▸

General meeting, 07/05/2025
Auditor appointment, PricewaterhouseCoopers- Bedrijfsrevisoren BV (statutory auditor)
Permanent representative, Jeroen Bockaert
Director appointment, Alessandra Guion (extern bestuurder)
Director appointment, Bram Somers (director and chair of the board)
Director appointment, Filip Rombouts (director)
Director appointment, Maarten Van Royen (director)
Director appointment, François Franssen (director)
Director appointment, Tom Swerts (director)
Director appointment, Frank Stockx (extern bestuurder)
Director appointment, Kris De Ryck (managing director)
Auditor fee approval

23-05

NBB filing Annual accounts filed

fiscal year 2024 · full schema

23-05

NBB filing Annual accounts filed

fiscal year 2024 · consolidated

2024

31-12

Financial Highest result since 2018net €310.06M ▲2,132%

Net result €310.06M, the highest in the series.

31-12

Financial Equity above €100MEq €145.32M ▲81.1%

7 profitable years in a row build equity to €145.32M.

04-12

State Gazette act Appointment: Alessandra Guion (externe bestuurder)

2 facts ▸

General meeting
Director appointment, Alessandra Guion (externe bestuurder)

Show earlier events

16-07

State Gazette act Appointment: Tom Swerts (director)

Resignations: Bart De Rauw, Michel Akkermans and Martin Servais5 facts ▸

General meeting, 12/04/2024
Director appointment, Tom Swerts (director)
Director resignation, Bart De Rauw (director)
Director resignation, Michel Akkermans (extern bestuurder)
Director resignation, Martin Servais (extern bestuurder)

27-05

NBB filing Annual accounts filed

fiscal year 2023 · full schema

27-05

NBB filing Annual accounts filed

fiscal year 2023 · consolidated

2023

11-10

State Gazette act Resignation: Jean de Crane (bestuurder en als gedelegeerd bestuurder belast met dagelijks bestuur)

Appointment: Kris De Ryck (director)3 facts ▸

Director resignation, Jean de Crane (bestuurder en als gedelegeerd bestuurder belast met dagelijks bestuur)
Director appointment, Kris De Ryck (director)
Director appointment, Kris De Ryck (gedelegeerd bestuurder belast met het dagelijks bestuur)

25-05

NBB filing Annual accounts filed

fiscal year 2022 · full schema

25-05

NBB filing Annual accounts filed

fiscal year 2022 · consolidated

12-05

State Gazette act Resignations: François Franssen (gecoöpteerd bestuurder) and Bram Somers (gecoöpteerd bestuurder)

Appointments: François Franssen (director) and Bram Somers (director) · Reappointment: Filip Rombouts (director)5 facts ▸

Director resignation, François Franssen (gecoöpteerd bestuurder)
Director appointment, François Franssen (director)
Director resignation, Bram Somers (gecoöpteerd bestuurder)
Director appointment, Bram Somers (director)
Director reappointment, Filip Rombouts (director)

2022

30-08

State Gazette act Resignations: Erik Luts, Michel Anseeuw and 5 others

Appointments: Dirk Ector, Maarten Van Royen and 3 others · Reappointment: Frank Stockx (extern bestuurder)15 facts ▸

General meeting, 05/05/2021
Director resignation, Erik Luts (director)
Director resignation, Michel Anseeuw (director)
Director appointment, Dirk Ector (director)
General meeting, 04/05/2022
Director resignation, Daniel de Clerck (director)
Director resignation, Ivo De Meersman (director)
Director resignation, Dirk Gyselinck (director)
Director resignation, Dirk Ector (director)
Director resignation, Martine Klutz (director)
Director appointment, Maarten Van Royen (director)
Director appointment, Bart De Rauw (director)
+3 further facts in this act

26-08

State Gazette act Appointments: KPMG Bedrijfsrevisoren Burg. CVBA (statutory auditor) and PricewaterhouseCoopers - bedrijfsrevisoren BV (statutory auditor)

Permanent representatives: Stéphane Nolf and Jeroen Bockaert · Resignation: KPMG Bedrijfsrevisoren Burg. CVBA (statutory auditor)7 facts ▸

General meeting, 05/05/2021
Auditor appointment, KPMG Bedrijfsrevisoren Burg. CVBA (statutory auditor)
Permanent representative, Stéphane Nolf
General meeting, 04/05/2022
Auditor resignation, KPMG Bedrijfsrevisoren Burg. CVBA (statutory auditor)
Auditor appointment, PricewaterhouseCoopers - bedrijfsrevisoren BV (statutory auditor)
Permanent representative, Jeroen Bockaert

19-05

NBB filing Annual accounts filed

fiscal year 2021 · full schema

19-05

NBB filing Annual accounts filed

fiscal year 2021 · consolidated

2021

31-12

Financial Equity above €50MEq €57.62M ▲21.6%

4 profitable years in a row build equity to €57.62M.

08-02

State Gazette act Capital & shares · Purpose · Statutes amendment

Capital3 facts ▸

General meeting, 11/01/2021
Statutes amendment
Capital, €3.200.000

29-01

State Gazette act Capital & shares · Statutes amendment

Capital3 facts ▸

General meeting, 11/01/2021
Statutes amendment
Capital, €3.200.000

2020

31-12

Financial Weakest financial yearnet €8.08M ▼1%

Net result drops to €8.08M, the lowest in the series; recovery starts the following year.

29-06

State Gazette act Resignations: Arnaud Frippiat (director) and Geert Van Mol (director)

Appointments: Dirk Gyselinck, Martine Klutz and 2 others7 facts ▸

General meeting, 06/05/2020
Director resignation, Arnaud Frippiat (director)
Director resignation, Geert Van Mol (director)
Director appointment, Dirk Gyselinck (director)
Director appointment, Martine Klutz (director)
Director appointment, Frank Stockx (chair of the board)
Director appointment, Jean de Crane (managing director)

2019

24-06

State Gazette act Resignation: Olivier Onclin (director)

Appointments: Arnaud Frippiat, KPMG Bedrijfsrevisoren Burg. CVBA and 2 others · Reappointment: Ivo De Meersman (director) · Permanent representative: Stépharre Nolf8 facts ▸

General meeting, 02/05/2018
Director resignation, Olivier Onclin (director)
Director appointment, Arnaud Frippiat (director)
Director reappointment, Ivo De Meersman (director)
Auditor appointment, KPMG Bedrijfsrevisoren Burg. CVBA (commissaris voor de geconsolideerde jaarrekening)
Permanent representative, Stépharre Nolf
Director appointment, Frank Stockx (chair of the board)
Director appointment, Jean de Crane (managing director)

2018

16-08

State Gazette act Appointment: Martin Servais (extern bestuurder)

2 facts ▸

General meeting, 02/05/2018
Director appointment, Martin Servais (extern bestuurder)

02-07

State Gazette act Appointment: KPMG Bedrijfsrevisoren CVBA (statutory auditor)

Permanent representative: Stéphane Nolf3 facts ▸

General meeting, 02/05/2018
Auditor appointment, KPMG Bedrijfsrevisoren CVBA (statutory auditor)
Permanent representative, Stéphane Nolf

14-06

State Gazette act Resignations: Peter Pollaert (director) and A4M BVBA (bestuurder, belast met het dagelijks bestuur)

Appointments: Míchael Anseeuw, Michel Akkermans and Jean de Crane6 facts ▸

General meeting, 02/05/2018
Director resignation, Peter Pollaert (director)
Director appointment, Míchael Anseeuw (director)
Director appointment, Michel Akkermans (extern bestuurder)
Director resignation, A4M BVBA (bestuurder, belast met het dagelijks bestuur (gedelegeerd bestuurder))
Director appointment, Jean de Crane (bestuurder, belast met het dagelijks bestuur (gedelegeerd bestuurder))

26-01

State Gazette act Capital & shares · Statutes amendment

6 facts ▸

General meeting, 28/12/2017
Statutes amendment
Statutes amendment
Statutes amendment
Statutes amendment
Statutes amendment

26-01

State Gazette act Restructuring

Merger · Accounting effect3 facts ▸

General meeting, 28/12/2017
Merger, verrichting gelijkgesteld met fusie door overneming, 01/01/2018
Accounting effect, 01/01/2018

17-01

State Gazette act Resignation: Lieven Haesaert (director)

Appointment: Filip Rombouts (director)3 facts ▸

Board meeting, 10/11/2017
Director resignation, Lieven Haesaert (director)
Director appointment, Filip Rombouts (director)

2017

24-11

State Gazette act Capital & shares

Merger · Accounting effect · Net-asset statement4 facts ▸

Merger, inbreng van bedrijfstak
Accounting effect, 01/01/2018
Net-asset statement, 30/09/2017
Excluded liabilities, gerechtelijke procedure door B2Boost NV ingeleid op 19 januari 2017 voor de Franstalige Rechtbank van Koophandel te Brussel

24-11

State Gazette act Restructuring

Merger · Accounting effect2 facts ▸

Merger
Accounting effect, 01/01/2018

22-08

State Gazette act Resignations: Johan De Meyer (director) and UBank Consult bvba (ceo belast met het dagelijks bestuur)

Appointment: A4M bvba (bestuurder, belast met het dagelijks bestuur) · Permanent representative: Jean de Crane5 facts ▸

Board meeting, 31/05/2017
Director resignation, Johan De Meyer (director)
Director resignation, UBank Consult bvba (ceo belast met het dagelijks bestuur)
Director appointment, A4M bvba (bestuurder, belast met het dagelijks bestuur (gedelegeerd bestuurder))
Permanent representative, Jean de Crane

23-05

State Gazette act Resignations: Patrick Devis (director) and Eric Vandenbempt (director)

Appointments: Olivier Onclin, Erik Luts and 8 others · Permanent representative: Johan De Meyer14 facts ▸

General meeting, 03/05/2017
Director resignation, Patrick Devis (director)
Director resignation, Eric Vandenbempt (director)
Director appointment, Olivier Onclin (director)
Director appointment, Erik Luts (director)
Director appointment, Frank Stockx (director and chair of the board)
Director appointment, Daniel de Clerck (director)
Director appointment, Ivo De Meersman (director)
Director appointment, Lieven Haesaert (director)
Director appointment, Peter Pollaert (director)
Director appointment, Geert Van Mol (director)
Director appointment, Johan De Meyer (director)
+2 further facts in this act

02-02

State Gazette act Appointment: KPMG Bedrijfsrevisoren Burg. CVBA (statutory auditor)

Permanent representative: Karel Tanghe3 facts ▸

General meeting, 01-04-2015
Auditor appointment, KPMG Bedrijfsrevisoren Burg. CVBA (statutory auditor)
Permanent representative, Karel Tanghe

2016

05-08

State Gazette act Resignation: Luc Neysens (managing director)

Appointment: Ubank Consult bvba (chief executive officer) · Permanent representative: Johan De Meyer5 facts ▸

Board meeting, 08/06/2016
Director resignation, Luc Neysens (managing director)
Director appointment, Ubank Consult bvba (chief executive officer (ceo))
Director appointment, Ubank Consult bvba (belast met het dagelijks bestuur)
Permanent representative, Johan De Meyer

03-08

State Gazette act Resignation: Luc Neysens (director)

Appointment: Johan De Meyer (director)3 facts ▸

General meeting
Director resignation, Luc Neysens (director)
Director appointment, Johan De Meyer (director)

20-07

State Gazette act Resignations: Joeri Lieten, Jacques Godet and Esquit GCV

Appointments: Frank Stockx, Daniël De Clerck and Luc Neysens · Reappointment: Peter Pollaert (director)8 facts ▸

General meeting, 06/04/2016
Director resignation, Joeri Lieten (director)
Director resignation, Jacques Godet (director)
Director resignation, Esquit GCV (gedelegeerd bestuurder en als bestuurder)
Director appointment, Frank Stockx (director)
Director appointment, Daniël De Clerck (director)
Director appointment, Luc Neysens (director)
Director reappointment, Peter Pollaert (director)

2015

12-05

State Gazette act Resignations: Bart Verbeek, Olivier Onclin and Philippe Gusbin

Appointments: Eric Vandenbempt, Patrick Devis and 7 others · Permanent representative: Luc Neysens14 facts ▸

General meeting, 01/04/2015
Director resignation, Bart Verbeek (director)
Director resignation, Olivier Onclin (director)
Director resignation, Philippe Gusbin (director)
Director appointment, Eric Vandenbempt (director)
Director appointment, Patrick Devis (director)
Director appointment, Joeri Lieten (director)
Director appointment, Jacques Godet (director and chair of the board)
Director appointment, Peter Pollaert (director)
Director appointment, Lieven Haesaert (director)
Director appointment, Geert Van Mol (director)
Director appointment, Ivo De Meersman (director)
+2 further facts in this act

2014

13-06

State Gazette act Resignation: Michel Luttgens (director)

Appointment: Geert Van Mol (director)3 facts ▸

General meeting, 02.04.2014
Director resignation, Michel Luttgens (director)
Director appointment, Geert Van Mol (director)

13-06

State Gazette act Resignations & appointments

Power of attorney2 facts ▸

Board meeting, 30/04/2014
Power of attorney, Esquit GCV

2013

20-06

State Gazette act Resignations: Dirk Cuypers (bestuurder voor kbc) and Rony Lejaeghere (bestuurder voor kbc)

Appointments: Bart Verbeek (bestuurder voor kbc) and Ivo De Meersman (bestuurder voor kbc)5 facts ▸

General meeting, 03/04/2013
Director resignation, Dirk Cuypers (bestuurder voor kbc)
Director resignation, Rony Lejaeghere (bestuurder voor kbc)
Director appointment, Bart Verbeek (bestuurder voor kbc)
Director appointment, Ivo De Meersman (bestuurder voor kbc)

2012

28-12

State Gazette act Resignations: Patrick Devis, Guido Busseniers and Philippe R. Dubois

Appointments: Olivier Onclin, Lieven Haesaert and 2 others · Permanent representatives: Luc Neysens and Karel Tanghe · Power of attorney12 facts ▸

General meeting, 12/12/2012
Director resignation, Patrick Devis (bestuurder voor belfius bank)
Director resignation, Guido Busseniers (bestuurder voor ing belgië)
Director appointment, Olivier Onclin (bestuurder voor belfius)
Director appointment, Lieven Haesaert (bestuurder voor ing belgië)
Director resignation, Philippe R. Dubois (director and managing director)
Director appointment, Esquit GCV (director)
Director appointment, Esquit GCV (managing director)
Permanent representative, Luc Neysens
Auditor appointment, KPMG Bedrijfsrevisoren Burg CVBA (statutory auditor)
Permanent representative, Karel Tanghe
Power of attorney, B-docs NV

14-05

State Gazette act Resignations: Frank Hubloue (director) and Joris Van der Wee (director)

Appointments: Michel Luttgens (director) and Rony Lejaeghere (director)5 facts ▸

General meeting, 04.04.2012
Director resignation, Frank Hubloue (director)
Director resignation, Joris Van der Wee (director)
Director appointment, Michel Luttgens (director)
Director appointment, Rony Lejaeghere (director)

2011

03-11

State Gazette act Resignations: Marc Lauwers (director) and Gunter Uytterhoeven (director)

Appointments: Jacques Godet (director) and Frank Hubloue (director)5 facts ▸

General meeting, 24/06/2011
Director resignation, Marc Lauwers (director)
Director resignation, Gunter Uytterhoeven (director)
Director appointment, Jacques Godet (director)
Director appointment, Frank Hubloue (director)

30-05

State Gazette act Resignation: Marc Boghe (bestuurder voor ing)

Appointment: Philippe Gusbin (bestuurder voor ing)3 facts ▸

General meeting, 06/04/2011
Director resignation, Marc Boghe (bestuurder voor ing)
Director appointment, Philippe Gusbin (bestuurder voor ing)

2010

17-06

State Gazette act Resignations: Simon Colboc (bestuurder voor fortis) and Benoit Görtz (bestuurder voor dexia)

Appointments: Peter Pollaert, Patrick Devis and KPMG Bedrijfsrevisoren6 facts ▸

General meeting, 07/04/2010
Director resignation, Simon Colboc (bestuurder voor fortis)
Director resignation, Benoit Görtz (bestuurder voor dexia)
Director appointment, Peter Pollaert (bestuurder voor fortis)
Director appointment, Patrick Devis (bestuurder voor dexia)
Auditor appointment, KPMG Bedrijfsrevisoren

2009

19-01

State Gazette act Appointments: Klynveld Peat Marwick Goerdeler - Reviseurs D'entreprises CVBA, Guido BUSSENIERS and Philippe R. DUBOIS

Permanent representative: Karel TANGHE · Reappointments: Marc Lauwers (chair of the board) and Philippe R. DUBOIS (managing director) · Resignation: Ferdinand De Grijs (director)11 facts ▸

General meeting, 23/12/2008
Statutes amendment
Auditor appointment, Klynveld Peat Marwick Goerdeler - Reviseurs D'entreprises CVBA
Permanent representative, Karel TANGHE
Director appointment, Guido BUSSENIERS (director)
Director appointment, Philippe R. DUBOIS (director)
Power of attorney, Xavier Huysmans
Board meeting, 23/12/2008
Director reappointment, Marc Lauwers (chair of the board)
Director reappointment, Philippe R. DUBOIS (managing director)
Director resignation, Ferdinand De Grijs (director)

2006

22-05

State Gazette act Resignations: Bernard Levie (bestuurder voor fortis) and Pierre Orban (bestuurder voor fortis)

Appointments: Daniël de Clerck (bestuurder voor fortis) and Cornelis J.G. Heijnen (bestuurder voor fortis) · Reappointment: Marc Boghe (bestuurder voor ing)6 facts ▸

General meeting, 05/04/2006
Director resignation, Bernard Levie (bestuurder voor fortis)
Director appointment, Daniël de Clerck (bestuurder voor fortis)
Director resignation, Pierre Orban (bestuurder voor fortis)
Director appointment, Cornelis J.G. Heijnen (bestuurder voor fortis)
Director reappointment, Marc Boghe (bestuurder voor ing)

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.An act published in both Dutch and French appears here once.

45 of 45 acts read

Directors · office · real estate

Directors

12 directors, no change since 2026

Lieve De Mol

Director · since 06-05-2026

Current

Mario De Vry

Director · since 06-05-2026

Current

Alessandra Guion

Externe bestuurder · since 08-11-2024

Current

Tom Swerts

Director · since 02-05-2024

Current

Kris De Ryck

Managing director · since 09-08-2023

Current

François Franssen

Director · since 03-05-2023

Current

6 other directors

Filip Rombouts

Director · since 10-11-2017

Current

Míchael Anseeuw

Director · since 29-03-2018

Not recently confirmed

A4M

Bestuurder, belast met het dagelijks bestuur (gedelegeerd bestuurder) · since 01-08-2017 · Private limited company · perm. rep.: Jean de Crane

Not recently confirmed

Ubank Consult bvba

Director · since 08-06-2016 · Legal entity · perm. rep.: Johan De Meyer

Not recently confirmed

ESQUIT

Director · since 01-12-2012 · Private limited company · perm. rep.: Luc Neysens

Not recently confirmed

Cornelis J.G. Heijnen

Bestuurder voor fortis · since 02-02-2008

Not recently confirmed

06-05-2026 Lieve De Mol: Appointed as Director

06-05-2026 Mario De Vry: Appointed as Director

20-04-2026 Frank Stockx: Resigned as Director

18-04-2026 Bram Somers: Resigned as Director and chair of the board

17-04-2026 Maarten Van Royen: Resigned as Director

Full history in the Timeline (135 changes) →See the board, name and seat on a given date →

Location & real-estate footprint

Registered office, Brussel · 1 establishment unit since 1995

seat establishment The establishment unit on the map

Ground area

4,891 m²

Building footprint

3,671 m²

Volume, LiDAR

90,299 m³

2 parcels, Brussels · tallest building 35.8 m, ±10 floors. Linked by address, not a title deed.

35 companies at this address See who is registered here

1 establishment unit

Isabel

Keizerinlaan 13-15, 1000 BrusselScientific research and development

since 19952.072.602.661

2 parcels

Brussels 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21804D1343/00R000	Brussels	3,064 m²	1 · 2,352 m²	34.5 m · 8 fl.
21804D1435/00P000	Brussels	1,827 m²	1 · 1,319 m²	35.8 m · 10 fl.

Linked by address, not proof of ownership

Good to know

2 of 2 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Statutory auditor

1 auditor

PricewaterhouseCoopers Reviseurs d'EntreprisesCurrent

Statutory auditor · represented by Jeroen Bockaert

26-08-2022 → present

Show 2 earlier auditors

Klynveld Peat Marwick Goerdeler - Reviseurs D'entreprises CVBA Auditor · represented by e5 succeeded by KPMG Réviseurs d'Entreprises in 2010	19-01-2009 → 17-06-2010
KPMG Réviseurs d'Entreprises Statutory auditor · represented by Stéphane Nolf succeeded by PricewaterhouseCoopers Reviseurs d'Entreprises in 2022	17-06-2010 → 26-08-2022

Articles of association

Purpose

Le développement, la réalisation, l'exploitation et la gestion d'une infrastructure ayant pour but de permettre la communication électronique entre entreprises et entre entreprises…

Full purpose

Le développement, la réalisation, l'exploitation et la gestion d'une infrastructure ayant pour but de permettre la communication électronique entre entreprises et entre entreprises et établissements de crédit. Elle peut faire ces opérations en nom et compte propre ou pour compte de tiers. Elle peut aussi faire, en Belgique et à l'étranger, toutes opérations financières, industrielles et commerciales, mobilières et immobilières, utiles ou favorables à la réalisation de son objet et ayant un rapport direct ou indirect avec celui-ci, et s'intéresser par voie de souscription, apport, prise de participation ou autre manière, dans toute société ou entreprise ayant une activité analogue, connexe ou complémentaire à la sienne, et, en général, effectuer toutes opérations de nature à favoriser la réalisation de son objet.

according to the deed of 08-02-2021

Structure & network

Connections & network

43 connected companies

Depth

Shared directors

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, scroll to zoom.

Linked via shared directors

BELFIUS BANQUE

via Mario De Vry · Uitvoerend bestuurder, lid van het directiecomité

→

BELFIUS COMMERCIAL FINANCE

via Mario De Vry and François Franssen · Director

→

BELFIUS AUTO LEASE

via Mario De Vry · Director

former→

BELFIUS IMMO

via Mario De Vry · Director

former→

Show 39 more companies with a shared director

SOCOFE

via François Franssen · Director

former→

Voka Brussels Metropolitan

via Mario De Vry · Director

former→

A4M

Shared director

→

ADD

Shared director

→

ADINFO BELGIUM, en abrégé ADINFO

Shared director

→

Bancontact Company

Shared director

→

BATOPIN

Shared director

→

Becobra

Shared director

→

Belfius Asset Management

Shared director

→

BELFIUS ASSURANCES

Shared director

→

Belgian Mobile ID

Shared director

→

BRS MICROFINANCE COOP

Shared director

→

Cigna International Health Services

Shared director

→

CITYMESH INTEGRATOR

Shared director

→

CITYMESH OPERATOR

Shared director

→

CLEAR2PAY

Shared director

→

CREFIUS

Shared director

→

DE GENTSE KLUIS

Shared director

→

EPI Company

Shared director

→

EUROPAY BELGIUM

Shared director

→

Fédération belge du Secteur Financier - Belgische Federatie van de Financiële Sector - Belgian Financial sector Federation

Shared director

→

Inetum Belgium

Shared director

→

Luminus

Shared director

→

MICROSTART

Shared director

→

MicroStart Support

Shared director

→

Nitro Software Belgium

Shared director

→

Omnia Travel

Shared director

→

PAMICA

Shared director

→

QUEST FOR GROWTH

Shared director

→

SOCIETY FOR WORLDWIDE INTERBANK FINANCIAL TELECOMMUNICATION

Shared director

→

SYNTRA business

Shared director

→

TINC

Shared director

→

VAB Rijschool

Shared director

→

VISA BELGIUM

Shared director

→

AC Timber Trading

Shared corporate director

→

Les Fondations.be, Fédération Belge des Fondations Philanthropiques, asbl.

Shared corporate director

→

Resuwood

Shared corporate director

→

Siffer Dock Company

Shared corporate director

→

SOFIPLAS

Shared corporate director

→

Acquisitions and mergers

2 transactions

Took over:LOCKEY

operation treated as a merger by absorption · State Gazette act of 26-01-2018 (4 acts) · effective 01-01-2018

Contributed a branch of activity to:Codabox NV

BE 0840.559.537proposal · State Gazette act of 24-11-2017 (2 acts)

Capital and shareholders

Capital over the years

08-02-2021 Capital stated in the act · 3,200,000 EUR
29-01-2021 Capital stated in the act · 3,200,000 EUR · 1,000,000 shares

Recognitions · licences · registrations

Legal Entity Identifier

529900ULZO7S7JYJ9X64

live in the LEI register

Similar companies · same sector, comparable size

ZF Digital Solutions International

Zaventem · Eq €66.05M

Of 16,901 companies in sector 62100 we hold annual accounts for 8,772. 162 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification

Legal formPublic limited company

Founded23-06-1995

Fiscal year end31-12

Activities, NACEBEL 2025

62100Computer programming

66199Other activities auxiliary to financial services, excluding insurance and pension funding

Scores and ratios are computed by Checked and are not a credit decision.