ISMA
Board
2 directors, 2 in day-to-day management, 1 auditor, last change in June 2026STIF SA
Director, permanent representative José Burgos
since 01-07-2025
listed in the 2025 annual accounts, filed on 15-06-2026
Director and managing director, permanent representative Karen Van Aelst
appointed by deed of 31-07-2026
also on the board of 2 other companies
Statutory auditor, permanent representative Philippe Venken
since 18-12-2025
term until 30-05-2028
listed in the 2025 annual accounts, filed on 15-06-2026
- Torino Holding, David Simons
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- “3.BESLISSEN dat de gedelegeerd bestuurder en de persoon belast met het dagelijks bestuur elk individueel bevoegd zijn om volgende…”deed of 31-07-2026
Permanent representatives 2
Mandates through the years
9 names, the dashed line is todayTorino Holding
Director, Managing director
Director, Managing director
STIF SA
Director
Director
David Simons
Day-to-day manager
Day-to-day manager
BDO Bedrijfsrevisoren bv
Statutory auditor
Statutory auditor
GROUP MC
Director
Director
VICLO
Director
Director
Allia Struguri
Director
Director
IRMACO
Director
Director
M. Willaert
Director
Director
LeadershipBoardEarliermandate already running before its first mentionend not dated
Mandates as a list
- Torino Holding
- Director (not named in the articles), from 05-12-2023 to 31-03-2026
- Director, appointed by deed of 31-07-2026, still in office
- Managing director, appointed by deed of 31-07-2026, still in office
- STIF SA
- Director, from 01-07-2025 to date
- David Simons
- Day-to-day manager, appointed by deed of 31-07-2026, still in office
- BDO Bedrijfsrevisoren bv
- Statutory auditor, from 18-12-2025 to date
- GROUP MC
- Director, appointed by deed of 03-11-2022, until 01-07-2025
- VICLO
- Director, appointed by deed of 03-11-2022, until 01-07-2025
- Chair of the board, appointed by deed of 03-11-2022, ended, last mentioned on 03-11-2022
- Allia Struguri
- Director, from before 11-05-2020 to 03-11-2022
- Managing director, from before 20-07-2020, ended, last mentioned on 20-07-2020
- Director, until 20-12-2023
- IRMACO
- Director, from before 11-05-2020 to 03-11-2022
- M. Willaert
- Director, from before 11-05-2020 to 03-11-2022
Control
100%
This company
ISMA
Equity €1.7m
Profit €445,101 in 2025
Further up the chainTorino Holding 100%Stif SA FR consolidates
Capital
- Capital
- €470,997.70
- Shares
- 2,097 in the 2025 annual accounts
- Contribution per share
- €225
- Equity per share
- €803 in 2025
- Source
- deed of 20-12-2023
Owners through the years
as the annual accounts name themOwners as a list
- Stif SA
- Torino Holding
- IRMACO
- GROUP MC
- FIN.CO
- STUVEX INTERNATIONAL
Source: shareholder structure in its own accounts, parent in its own accounts, lists of holdings in the owners' accounts
Articles of association
deed of 20-12-2023 (in Dutch)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Second Monday of May at 10:00
- Liquidation ruleIn a liquidation the creditors are paid first. What is left goes to the shareholders.
- “Artikel 35, algemene vergadering anders bij gewone meerderheid”
Shareholders
3 ownersOwners 3
- IRMACOparentEquity €7.4m Loss of €4,805 in 2023 (profit of €1.0m in 2022)Sourceaccounts IRMACO 2023100%
- Torino HoldingparentEquity €5.0m Profit of €116,944 in 2025 (profit of €579,580 in 2024)100%
- Stif SAFRconsolidating parentconsolidates