Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 7 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
ISEM from Wevelgem, company number BE0454813303, closed financial year 2025 with a result of € 188,103 after tax. For that financial year ISEM recorded a gross margin of € 255,409 and equity of € 239,193. Compared with financial year 2024, the result moved from € 94,999 to € 188,103. Profitable, and profit is growing. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on June 10, 2026.
€ 239,193
▲ 4% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 188,103
▲ 98% vs 2024
Profit after tax over the fiscal year.
€ 2,841
▼ 85% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 179,200 paid out
95 % of the profit went to the shareholders, mostly to AIRELLES (100 % of the shares). That is where the money ends up.
People and assets in 2025
€ 1,748
▼ 40% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 105,412
▼ 37% vs 2024
€ 66,378 is repaid this year. At this pace the long-term loan is gone in ≈ 1 years.
€ 903
▲ 74% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 23,514
▼ 28% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 192,796 | € 257,325 | € 301,376 | € 255,409 | ▼ 15% |
| Profit after taxes | € 73,951 | € 195,021 | € 94,999 | € 188,103 | ▲ 98% |
| Equity | € 1,628,270 | € 255,291 | € 230,290 | € 239,193 | ▲ 4% |
| Total debts | € 138,272 | € 1,817,735 | € 1,926,345 | € 2,027,385 | ▲ 5% |
| Cash | € 2,358 | € 5,514 | € 18,657 | € 2,841 | ▼ 85% |
| Retained profit | € 1,428,270 | € 55,291 | € 30,290 | € 39,193 | ▲ 29% |
| Dividend | € 0 | € 1,568,000 | € 120,000 | € 179,200 | ▲ 49% |
| Bank debt | € 0 | € 228,773 | € 168,657 | € 105,412 | ▼ 37% |
| Balance sheet total | € 1,766,542 | € 2,073,026 | € 2,156,635 | € 2,266,578 | ▲ 5% |
Key figures of ISEM, 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 ISEM?
What happened at ISEM in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 188,103 (▲ 98% vs 2024). Source: NBB ↗
- Sandrine Isabelle Legon became a director. NBB
- Isabelle Royaux became a director. NBB
- New establishment in Wevelgem. KBO
- Start of the company according to the CBE. KBO
In short
From € 73,951 profit in 2022 to € 188,103 profit in 2025.
Paid € 480,470 in corporate taxes since 2022.
Best year ever: 2023, with € 195,021 profit.
Paid out € 1.9 million in dividends to the owners in total.
A new publication or filing at ISEM? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of AIRELLES comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
ISEMBehind ISEM are Sandrine Isabelle Legon and Isabelle Royaux. The shares are held by AIRELLES (100%).
Establishments
Establishment units
Physical locations of this company
Vliegveld 19 box 2
8560 Wevelgem
Vliegveld 19 box B2
8560 Wevelgem
Active since 31 March 1995
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 4 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0454.813.303
- VAT number
- BE 0454.813.303
- Registered office
- Vliegveld 19 bus 2, 8560 Wevelgem
- Names & denominations
- ISEM
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 22 March 1995
- Peppol
- Active · Active since 20 Jan 2026
- Activities · NACE
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Holdings
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