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ISMA

Active Public limited companyfounded 1990active for 35 yearsHeiveldekens 8, 2550 KontichKBO/BCE: BE 0442.832.912 subsidiary of IRMACO

Annual accounts 2025

full format, filed on 15-06-2026, 46 days before the deadline
€731,467
€74,993
▼ 50.8%
€76,072
▼ 50.4%
€446,180
▼ 72.7%
88.0%
▲ 41.2 percentage points
2.21
▲ 1.36

Money flows

of every €100 of turnover, €60.85 remains as profit in 2025

Balance sheet

balance sheet total €1.9m on 31-12-2025
What the company ownsHow it is paid for

in €m

in euro

Position in the sector

88.0%

Higher than 82% of 3,873 companies in 2025.

2.21

Higher than 64% of 3,727 companies in 2025.

23.3%

Higher than 88% of 3,849 companies in 2025.

ISMA Middle half of the sector 80% of the sector Full accounts in head offices and management consultancy (NACE 70)

Net result: top quarter · Equity: middle half · Balance sheet total: middle half · Working capital: middle half · Staff: middle half

Staff

Men and women23% women

3.4 men and 1 woman in full-time equivalents in 2025.

€122,523

Men €128,226, women €103,136 per full-time equivalent. Jobs differ, so this is not a pay gap.

people who joined people who left

Training hours in 2025: 40.

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend20252024202320222021202020192018201720162015201420132012201120102009200820072006
Balance sheet: assets
20/58 1.9m2.6m1.8m1.7m1.7m1.7m1.7m1.7m1.7m1.7m1.8m1.8m2.0m1.7m1.7m1.9m2.0m1.6m1.7m1.7m
21/28 1.5m1.5m1.5m1.5m1.5m1.5m1.5m1.5m1.6m1.6m1.7m1.7m1.7m1.6m1.5m1.5m1.5m1.5m1.5m1.5m
21 -7941,7472,700--669,53140,11296,654157,513216,307185,87768,805------
22/27 1,699------8931,9773,060-----4589781,497--
23 1,699------8931,9773,060-----4589781,497--
28 1.5m1.5m1.5m1.5m1.5m1.5m1.5m1.5m1.5m1.5m1.5m1.5m1.5m1.5m1.5m1.5m1.5m1.5m1.5m1.5m
280/1 1.5m-1.5m1.5m1.5m1.5m1.5m1.5m1.5m1.5m1.5m1.5m1.5m1.5m1.5m1.5m1.5m1.5m1.5m1.5m
280 1.5m-1.5m1.5m1.5m1.5m1.5m1.5m1.5m1.5m1.5m1.5m1.5m1.5m1.5m1.5m1.5m1.5m1.5m1.5m
284/8 --02,5002,5002,5002,5002,5002,5002,5002,5002,5002,5002,5002,5002,5002,5002,5002,5002,500
285/8 --02,5002,5002,5002,5002,5002,5002,5002,5002,5002,5002,5002,5002,5002,5002,5002,5002,500
29/58 400,3921.1m261,755183,708209,688186,854195,210200,209172,250121,750101,00974,108259,467133,651197,949383,005499,197127,264207,593192,629
3 --00----------------
40/41 341,6981.0m207,005148,69364,62082,366108,63792,16784,38864,40776,34756,066171,01128,170192,287363,517467,105110,946192,930168,370
40 239,679282,441185,832124,00364,62082,288107,06792,07083,77964,40775,73454,36147,93322,128112,287113,38927,15951,01586,197100,244
41 102,020762,16921,17324,691-781,57098609-6131,705123,0786,04280,000250,127439,94759,932106,73268,126
50/53 -------------------657
51/53 -------------------657
54/58 49,81580,14346,34933,341139,66599,08582,668104,40487,86257,14124,66210,00781,419105,3775,60619,40232,02316,24114,58123,431
490/1 8,8788,0408,4011,6735,4035,4033,9063,637-202-8,0357,0381045687697783171
Balance sheet: equity and liabilities
10/49 1.9m2.6m1.8m1.7m1.7m1.7m1.7m1.7m1.7m1.7m1.8m1.8m2.0m1.7m1.7m1.9m2.0m1.6m1.7m1.7m
10/15 1.7m1.2m1.6m1.6m1.7m1.6m1.7m1.5m1.5m1.5m1.7m1.7m1.6m1.6m1.6m1.6m1.5m1.1m1.2m1.1m
10/11 470,998470,998470,998470,998470,998470,998470,998470,998470,998470,998470,998470,998470,998470,998470,998470,998470,998470,998470,998470,998
10 470,998470,998470,998470,998470,998---------------
100 470,998470,998470,998470,998470,998470,998470,998470,998470,998470,998470,998470,998470,998470,998470,998470,998470,998470,998470,998470,998
13 47,10047,10047,10047,10047,10047,10047,10047,10047,10047,10047,10047,10047,10047,10047,10047,10047,10047,10047,10047,100
130/1 47,10047,10047,10047,10047,10047,100--------------
130 47,10047,10047,10047,10047,10047,10047,10047,10047,10047,10047,10047,10047,10047,10047,10047,10047,10047,10047,10047,100
14 1.2m721,2511.1m1.1m1.1m1.1m1.1m934,531940,785952,1501.1m1.0m932,950986,5011.1m1.1m984,297579,860689,642575,184
15 -------4,23419,56052,27571,530101,389132,138100,057------
16 ---------5,54714,76024,04533,35240,333------
160/5 ---------5,54714,76024,04533,35240,333------
160 ---------5,54714,76024,04533,35240,333------
17/49 229,5761.4m166,650112,80673,75052,85747,244267,815249,940207,43974,930111,422342,85271,51284,237290,690511,824544,849513,898613,392
17 ----------------200,000---
170/4 ----------------200,000---
174 ----------------200,000---
42/48 181,4681.3m166,531109,11873,19652,83245,468266,406249,010206,79165,780109,241342,84771,49384,230284,727300,473542,841513,886607,388
42 ---------------200,000250,000---
43 ------------78,000-----29990,000
430/8 ------------------299-
439 ------------78,000------90,000
44 39,18510,81659,76851,35110,2817,7507,48821,91120,40931,42134,15489,89759,70636,17222,24620,50319,18722,23037,99222,615
440/4 39,18510,81659,76851,35110,2817,7507,48821,91120,40931,42134,15489,89759,70636,17222,24620,50319,18722,23037,99222,615
45 123,185148,013106,76357,76662,91545,08237,98144,49528,60125,37031,62719,34410,04835,32161,98364,22531,28670,39575,59694,581
450/3 25,97160,15621,80211,61714,28414,0937,7208,3757,8367,1455,766-5,1587,56539,40037,4979,28232,52848,99959,680
454/9 97,21587,85684,96046,15048,63130,98930,26136,12020,76518,22625,86119,3444,89027,75622,58326,72822,00437,86826,59734,902
47/48 19,0981.2m-----200,000200,000150,000--195,093----450,215400,000400,191
492/3 48,10967,3441193,688554251,7751,4099316489,1502,18152075,96311,3512,008126,005
Income statement
70/76A 833,052-735,240564,305504,872435,478455,000433,231391,245400,114348,124426,670387,711461,691566,672599,657576,019659,305739,609963,308
70 731,467-676,122521,188455,645387,117402,806382,631341,321347,761295,113300,204217,513208,386225,830202,156198,027258,430272,103453,977
72 -----------69,82445,763-------
74 101,586-59,11843,11749,227---------------
9900 -657,472------------------
60/66A 758,060-705,739467,234497,915446,152446,223452,553383,911424,850429,025416,415383,328594,699528,651524,774611,069663,451703,860723,327
60 32,365-72,53071,44651,23917,87919,81037,89024,38237,54025,14341,35713,44840,56421,14724,41636,55417,78946,25922,059
600/8 32,365-72,53071,44651,23917,87919,81037,89024,38237,54025,14341,35713,44840,56421,14724,41636,55417,78946,25922,059
61 183,119-176,731144,590122,205127,917122,156117,67299,921115,276115,35199,104104,209156,883156,256154,743182,908210,852251,828184,113
62 539,103503,417454,337249,654322,884298,502291,571263,938206,076218,615235,190232,164240,678351,056349,281343,484389,283433,278404,057515,778
630 1,080953953159-6610,35831,66557,62561,04960,79451,39430,2784,31845852052062--
631/4 --780----780-------------
635/8 ---------5,547-9,214-9,284-9,308-6,98140,333------
640/8 2,3941,3341,1881,3851,5861,7881,5481,3881,4541,5831,8321,7031,6961,5461,5101,6121,8041,4711,7161,377
66A ----------3,868---------
9901 74,993152,54929,50197,0716,957-10,6758,777-19,3227,334-24,736-80,90110,2564,383-133,00838,02174,882-35,050-4,14735,748239,981
75/76B 402,6941.5m0895,008300,002336204,235215,320182,710735,470129,767108,614295,519240,32720,12860,643451,024350,138502,460292,040
75 402,6941.5m0895,008300,002336204,235215,320182,710735,470129,767108,614295,519240,32720,12860,643451,024350,138502,460292,040
750 402,694-0895,000300,000-199,994199,994149,995699,97999,90877,858274,575238,28619,96459,891450,000349,818500,000290,000
751 -----334-----7219848781063202,4602,040
752/9 --08224,24115,32632,71535,49129,85930,74920,9231,943117674918--0
65/66B 12,67112,0925,4943,8074,0613,2953,1011,9841,2351,7601,2032,3117092945,42215,71711,5374431,7436,682
65 12,67112,0925,4943,8074,0613,2953,1011,9841,2351,7601,2032,3117092945,42215,71711,5374431,7436,682
650 11,278-4,4223,2823,4802,7982,8111,5667987985811,581--4,28814,74611,10401,3943,856
652/9 1,393-1,0725245814972904184379626227297092941,1349714334433492,826
9903 465,0161.7m24,007988,272302,898-13,634209,912194,014188,810708,97343,795116,559299,193107,02552,727119,809404,437345,548536,466525,340
67/77 19,91539,9203,257609567401463269174735324518311,78715,386-5,11622,00885,591
670/3 19,915-3,257609567401463269174735324518311,78715,386-5,11622,00885,591
9904 445,1011.6m20,750987,663302,332-14,035209,449193,745188,636708,90143,742116,557299,148106,84140,940104,423404,437340,432514,458439,749
9905 445,1011.6m20,750987,663302,332-14,035209,449193,745188,636708,90143,742116,557299,148106,84140,940104,423404,437340,432514,458439,749
Appropriation of the result
9906 1.2m2.7m1.1m2.1m1.4m1.1m1.1m1.1m1.1m1.8m1.1m1.0m1.3m1.2m1.1m1.1m984,2971.0m1.1m975,439
14P 721,2511.1m1.1m1.1m1.1m---------------
694/7 -2.0m01.1m300,000--200,000200,000850,000--352,699230,00020,000--450,215400,000400,255
694 -2.0m01.1m300,000--200,000200,000850,000--352,699230,00020,000--450,215400,000400,255
Social balance sheet
9087 4.44.542.43.132.82.51.91.8221.822.62.83.54.83.74.9
Men (FTE)1003 3.4-3.22.43.132.82.51.91.8221.82------
Women (FTE)1003 1-0.8-----------------
Agency workers1501 -----------------0.20.8-
Hours worked1013 7,2507,3016,8084,2265,4083,2602,9662,5501,5151,4421,7381,6211,2331,6812,6043,0974,2996,6224,6616,400
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The accounts for 15 older financial years (1991-2005) were filed as documents without figures as data, scans for example.

The notes to these accounts have 31 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 15-06-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank
Financial year Type Filed Reference Document
31-12-2025 full format 15-06-2026 2026-00178083 PDF
31-12-2024 abbreviated format 11-06-2025 2025-00144132 PDF
31-12-2023 full format 16-05-2024 2024-00091747 PDF
31-12-2022 full format 15-05-2023 2023-00088243 PDF
31-12-2021 full format 11-05-2022 2022-20026364 PDF
31-12-2020 full format 12-05-2021 2021-14300253 PDF
31-12-2019 full format 02-06-2020 2020-14300017 PDF
31-12-2018 full format 16-05-2019 2019-13400023 PDF
31-12-2017 full format 13-06-2018 2018-18200533 PDF
31-12-2016 full format 01-06-2017 2017-14700107 PDF
31-12-2015 full format 10-05-2016 2016-11800198 PDF
31-12-2014 full format 09-06-2015 2015-17400152 PDF
31-12-2013 full format 02-06-2014 2014-15200097 PDF
31-12-2012 full format 03-06-2013 2013-15000576 PDF
31-12-2011 full format 22-05-2012 2012-12800102 PDF
31-12-2010 full format 06-06-2011 2011-15100407 PDF
31-12-2009 full format 31-05-2010 2010-14200158 PDF
31-12-2008 full format 22-05-2009 2009-16200199 PDF
31-12-2007 full format 29-05-2008 2008-18200130 PDF
31-12-2006 full format 08-06-2007 2007-20800203 PDF
31-12-2005 full format 08-06-2006 2006-21503842 PDF
31-12-2004 full format 24-06-2005 2005-35000630 PDF
31-12-2003 full format 03-06-2004 2004-20402233 PDF
31-12-2002 full format 17-06-2003 2003-26204167 PDF
31-12-2001 abbreviated format 12-06-2002 2002-20805066 PDF
31-12-2000 abbreviated format 24-07-2001 2001-41703669 PDF
31-12-1999 abbreviated format 30-06-2000 2000-34103254 PDF
31-12-1998 abbreviated format 29-06-1999 1999-25702929 PDF
31-12-1997 abbreviated format 12-06-1998 1998-16504942 PDF
31-12-1996 abbreviated format 25-06-1997 1997-20303965 PDF
31-12-1995 abbreviated format 28-06-1996 1996-26804319 PDF
31-12-1994 abbreviated format 09-06-1995 1995-22300635 PDF
31-12-1993 abbreviated format 13-06-1994 1994-14200262 PDF
31-12-1992 abbreviated format 22-06-1993 1993-15501782 PDF
31-12-1991 abbreviated format 11-06-1992 1992-10003387 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend20252024202320222021202020192018201720162015201420132012201120102009200820072006
76,072153,50230,45497,230--10,60919,13512,34364,95936,313-20,10761,65034,661-128,69138,47975,402-34,530-4,084--
446,1801.6m21,703987,822--13,969219,807225,410246,261769,950104,536167,951329,426111,15941,397104,943404,957340,494--
1,9850-2,5002,85839000003,2502,00081,824147,35073,1220001,559--
-30,32933,79413,008-106,32440,58016,417-21,73716,54230,72232,47914,655-71,412-23,95899,771-13,796-12,62115,7821,660-8,850-
218,924-206,03695,22474,590136,492134,022149,742-66,197-76,760-85,04135,229-35,133-83,37962,159113,71998,278198,723-415,577-306,293-414,758
10.3%-4.4%18.6%1.5%-2.8%2.2%-5.0%2.1%-7.1%-27.4%3.4%2.0%-63.8%16.8%37.0%-17.7%-1.6%13.1%52.9%
88.0%46.8%90.6%93.4%95.7%96.9%97.2%84.5%85.5%87.7%94.9%92.5%80.8%93.5%95.1%84.7%74.6%66.8%70.2%64.1%
2.210.851.571.682.863.544.290.750.690.591.540.680.761.872.351.351.660.230.400.32
0.141.130.100.070.040.030.030.180.170.140.040.070.220.040.050.180.340.500.430.56
26.4%131.6%1.3%62.2%18.3%-0.9%12.6%13.3%12.8%46.6%2.6%7.0%18.9%6.7%2.5%6.5%26.9%31.0%42.6%40.2%
23.3%61.6%1.2%58.1%17.5%-0.8%12.3%11.2%10.9%40.8%2.5%6.5%15.3%6.2%2.4%5.5%20.1%20.7%29.9%25.8%
6.7512.696.8929.62--3.796.817.8881.3945.50-34.6238.99--8.975.11-3.11-68073.83--
120 days-100 days87 days52 days78 days97 days88 days90 days68 days94 days66 days80 days39 days181 days205 days50 days72 days116 days81 days
66 days-88 days87 days22 days19 days19 days51 days60 days75 days89 days234 days185 days67 days46 days42 days32 days35 days47 days40 days

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Social balance sheet

Item31-12-202531-12-202431-12-202331-12-202231-12-2021
Employees at the balance-sheet date55534
full-time22311
part-time33223
in full-time equivalents4.44.44.62.63.1
4.44.542.43.1
On a permanent contract55534
Joined--20-
Left--01-
Training hours4024-105-

Source: social balance sheet in the 2021 to 2025 annual accounts

Investments

fixed assets acquired
Item20252024202320222021
Tangible fixed assets€1,985----
Intangible fixed assets---€2,858-
Financial fixed assets----€390
€1,080€953€953€159-

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Auditor

fees
Item20252024202320222021
Fee for the audit€4,640----
Other work by the auditor€1,160----

Source: notes to the 2021 to 2025 annual accounts (relations with the auditor)

Insights on ISMA

The operating result for 2025 is 51% lower than in 2024.

Debt's share of the balance-sheet total falls from 53.2% to 12.0%. Equity is higher and debt is lower.

Large changes and their cause
  • 2025 Net result -73% on 2024. The accounts now follow the full format, last year the abbreviated format.
  • 2024 Net result +7,758% on 2023. The accounts now follow the abbreviated format, last year the full format.

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