Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
Financials
Financial year 2025
ISOMATEX from Gembloux, company number BE0429395145, closed financial year 2025 with a result of € -2.8 million after tax. For that financial year ISOMATEX recorded a gross margin of € -805,474 and equity of € 11.1 million. Compared with financial year 2024, the result moved from € -4.2 million to € -2.8 million. The company made a loss. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 29, 2026.
€ 11.1 million
▲ 24% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -2.8 million
▲ 33 % less loss than in 2024
Profit after tax over the fiscal year.
€ 186,982
▼ 53% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -3.9 million.
People and assets in 2025
19.6
▼ 2.5 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.4 million
▼ 5% vs 2024
€ 70,400 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 3,598
▼ 66% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 606,014
▲ 128% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 215,916
▼ 21% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -439,816 | € -656,664 | € -701,731 | € -805,474 | ▼ € 103,743 |
| Profit after taxes | € -2,903,188 | € -4,365,819 | € -4,202,394 | € -2,800,122 | ▲ € 1.4 million |
| Equity | € 7,170,202 | € 7,278,980 | € 9,000,753 | € 11,131,619 | ▲ 24% |
| Total debts | € 8,978,713 | € 6,900,185 | € 5,116,453 | € 4,101,803 | ▼ 20% |
| Cash | € 1,534,461 | € 229,554 | € 400,604 | € 186,982 | ▼ 53% |
| Land & buildings | € 25,365 | € 23,495 | € 2,116,425 | € 1,926,875 | ▼ 9% |
| Retained profit | € -4,500,554 | € -4,366,373 | € -6,068,792 | € -3,868,964 | ▲ € 2.2 million |
| Bank debt | € 310,423 | € 134,623 | € 0 | € 0 | |
| Balance sheet total | € 16,148,915 | € 14,179,165 | € 14,117,206 | € 15,233,422 | ▲ 8% |
| Employees (FTE) | 18.3 | 17.9 | 22.1 | 19.6 | ▼ 2.5 |
Key figures of ISOMATEX, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to ISOMATEX?
What happened at ISOMATEX in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- VESPERIS SRL stepped down as director. NBB
- Van Delden & Cie GmbH stepped down as director. NBB
- TIGRAN VARTANIAN stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 2.8 million. Source: NBB ↗
- Natascha LANDER stepped down as director. NBB
- VESPERIS SRL became a director. NBB
- SPARAXIS SA stepped down as director. NBB
- Van Delden & Cie GmbH became a director. NBB
In short
From € 2.9 million loss in 2022 to € 2.8 million loss in 2025.
Management
The shares are held by ADVANCED MATERIALS HOLDING (40.5%), HIGH-TECH ROCK HOLDING AG (24.5%), PATRICE LAGNAUX (22.9%), WALLONIE ENTREPRENDRE SA (7.7%), GHEDECE HOLDING AG (2.4%) and TIGRAN VARTANIAN (2.1%).
Directors
According to the 2025 annual accounts
Chairman of the board · represented by BAUCHE Eric
Also active at: AB Holding, CASTEL DE PONT-A-LESSE
since 2025 · until 2028
Director · represented by NONDONFAZ Jean-Luc
Also active at: C.P. Bourg, A.M.B., Jean Goldschmidt International, Ateliers Pierre Cerfontaine, Floridienne, Fonderies J. Marichal Ketin et Cie, JUNGLING, MEBF +224 more
since 2022 · until 2025
Natascha LANDER
Director
since 2021 · until 2026
Director · represented by Hendrik Van Delden
since 2025 · until 2028
TIGRAN VARTANIAN
Managing director
Owns 2.1% directly
since 2025 · until 2028
Shareholders
ADVANCED MATERIALS HOLDING
40.5%
PATRICE LAGNAUX
22.9%
GHEDECE HOLDING AG
2.4%
TIGRAN VARTANIAN · director
2.1%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Rue Camille Hubert,Isnes 29
5032 Gembloux
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
OVH, FR
DNS
OVH DNS
Domain
Domain
isomatex.com
Registered
2005-10-07
Registrar
OVH sas
Expires
2030-10-07
Website info
Features
Security
Details
- Company number
- 0429.395.145
- VAT number
- BE 0429.395.145
- Registered office
- Rue Camille Hubert,Isnes 29, 5032 Gembloux
- Names & denominations
- ISOMATEX
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 1 August 1986
- Peppol
- Active · Active since 2 Dec 2025
- Contact
- isomatex.com 081.72.86.86
- Activities · NACE
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