ISEM

Active

Public limited companyfounded 1995active for 31 yearsVliegveld 19, 8560 Wevelgem, BelgiumKBO/BCE: BE 0454.813.303

Summary

ISEM has been active since 1995 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €239,193 and a net result of €188,103. Equity is shrinking by about 19% per year across the filed financial years. Its solvency ranks better than 30% of 11,213 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Risk analysisFollow Report Compare

ISEMActiveChecked score 90/100

Risk analysis Report Compare

Directors

under verification

This board is reconstructed from a single act (23099746). A Gazette act generally publishes only CHANGES, not a full roll call, so directors unchanged since then may be missing here. The KBO register holds the complete list of function holders.

Board 3

Airelles NV

Chair of the board · Director · Legal entity · permanent representative: Luc Royaux

Current

Isabelle Royaux

Director

Current

Sandrine Legon

Director

Current

Day-to-day management 2

Airelles NV

Managing director · Legal entity · permanent representative: Luc Royaux

Current

Sandrine Legon

Managing director

Current

Permanent representatives 1

Luc Royaux

Permanent representative · for Airelles NV

Current

Derived from published Gazette deeds. The KBO keeps the official list of office holders; we do not read it, so the two can differ. See the directors and other office holders in the KBO →

Not every act has been read: a resignation may still be missing

10 of this company's 12 Belgian Official Gazette deeds have not been read yet. Appointments and resignations recorded in them are not yet in the list of directors: someone who resigned there may still be listed as sitting. The acts are in the Timeline.

Mandate history

3 people since 2023, 3 in office

All 3 In office 3

Board
Day-to-day management
began earlier

Mandates per person, with start and end dates
Name	Functions and periods
Airelles NV	Chair of the board, since before 01-08-2023 Director, since before 01-08-2023 Managing director, since before 01-08-2023
Isabelle Royaux	Director, since before 01-08-2023
Sandrine Legon	Director, since before 01-08-2023 Managing director, since before 01-08-2023

See the board, name and registered office on a given date →

Owners and capital

Owners

1 owner

Chain of control

AIRELLES 99.97%
ISEM

Highest known parent: AIRELLES. The sources do not say who stands above it.

Owners 1

AIRELLESparent
Sourceaccounts AIRELLES 30-12-2025

99.97%+ 0% via subsidiaries

Sources: the companies' annual accounts, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.

Capital and shareholders

Capital over the years

13-09-2023 Capital stated in the deed · €200,000 · 6,400 shares