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 36 % of short-term debt in 2025; threshold 65 %.
-
Busy address KBO
22 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
ISABEL from Brussel, company number BE0455530509, closed financial year 2025 with a result of € 13.2 million after tax. For that financial year ISABEL recorded revenue of € 68.5 million and equity of € 73.5 million. Compared with financial year 2024, the result moved from € 310.1 million to € 13.2 million. The company is profitable. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on May 27, 2026.
€ 73.5 million
▼ 49% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 13.2 million
▼ 96% vs 2024
Profit after tax over the fiscal year.
€ 26.8 million
▼ 10% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 85 million paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
151.6
▲ 15.3 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 22.4 million
▲ 7% vs 2024
€ 147,900 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.
€ 1.9 million
▼ 4% 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.
€ 4.4 million
▲ 2% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 47 days on average.
€ 5.9 million
▲ 12% vs 2024
Taxes, VAT and social contributions still to pay.
Want to see how much further we take a dossier in the Pro version? Open the free De Lijn example and give feedback →
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 59,293,336 | € 64,832,393 | € 65,087,031 | € 68,473,014 | ▲ 5% |
| Profit after taxes | € 8,747,066 | € 13,893,362 | € 310,061,505 | € 13,219,455 | ▼ 96% |
| Equity | € 66,367,351 | € 80,260,713 | € 145,322,218 | € 73,541,673 | ▼ 49% |
| Total debts | € 12,146,383 | € 12,061,548 | € 244,827,784 | € 95,553,011 | ▼ 61% |
| Cash | € 27,426,998 | € 14,780,436 | € 29,819,362 | € 26,781,707 | ▼ 10% |
| Retained profit | € 63,167,351 | € 77,060,713 | € 142,122,218 | € 70,341,673 | ▼ 51% |
| Dividend | € 0 | € 0 | € 245,000,000 | € 85,000,000 | ▼ 65% |
| Balance sheet total | € 79,229,518 | € 93,150,691 | € 391,203,114 | € 170,493,991 | ▼ 56% |
| Employees (FTE) | 146.3 | 139.9 | 136.3 | 151.6 | ▲ 15.3 |
Key figures of ISABEL, 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 ISABEL?
What happened at ISABEL in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Tom Swerts stepped down as director. NBB
- Alessandra Guion stepped down as director. NBB
- Kris De Ryck stepped down as director. NBB
- Filip Rombouts stepped down as director. NBB
- François Franssen stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 13.2 million (▼ 96% vs 2024). Source: NBB ↗
- Frank Stockx stepped down as director. NBB
- Bram Somers stepped down as director. NBB
In short
From € 8.7 million profit in 2022 to € 13.2 million profit in 2025.
Paid € 17.7 million in corporate taxes since 2022.
Best year ever: 2024, with € 310.1 million profit.
Paid out € 330 million in dividends to the owners in total.
A new publication or filing at ISABEL? We notify you, reason included.
Follow ISABELDatabakkes Pro
Know what changes at your customers, suppliers and competitors. Without reading an annual account.
- Follow them in one folder Every company in your folder gets this full dossier: household book, all fiscal years, benchmark against companies of the same size.
- We alert you, with the reason New annual account, Official Gazette publication or status change: you get what changed and where it says so.
- In bulk too, and in ChatGPT and Claude Upload your customer list and get the warning signs back per company. Or ask in your own AI assistant, with this register as the source.
Databakkes Pro is being built. Sign up now and you are first in line for an invitation, with a month to try without a credit card.
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 shares are held by KBC BANK NV (25.3%), ING BELGIE NV (25.3%), BNP PARIBAS FORTIS NV (25.3%) and BELFIUS BANK NV (24%). It owns 50% of Doccle.Up and 49.2% of Doccle itself.
Directors
According to the 2025 annual accounts
Kris De Ryck
Managing director
since 2023 · until 2029
Bram Somers
Chairman of the board
since 2023 · until 2026
Tom Swerts
Director
Also active at: DEPANNAGE 2000, VAB Training & Consult, VAB Rijschool, Groep VAB, Bancontact Payconiq Company, BATOPIN, VAB Automotive Solutions, 24+
since 2023 · until 2030
Alessandra Guion
Director
since 2024 · until 2030
Maarten Van Royen
Director
since 2021 · until 2026
since 2017 · until 2029
François Franssen
Director
since 2022 · until 2029
since 2016 · until 2026
Shareholders
Establishments
Establishment units
Physical locations of this company
Sinter-Goedeleplein 14
1000 Brussel
Keizerinlaan 13-15
1000 Brussel
Active since 7 August 1995
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 22 companies are registered at this address.
All companies at this address →Vlaamse Interuniversitaire Raad
€ 1.7 million revenue · 2025
BGROUP GREISCH
€ 2.9 million gross margin · 2025
EFFIGY CONSULTING
€ 273,071 gross margin · 2024
BUENDIA TOURS
€ 200,565 gross margin · 2025
Hydrogen Council
€ 1.6 million gross margin · 2025
+17 more
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
ISABEL Isabel Group, BE
Domain
Domain
isabel.eu
Registrar
EuroDNS S.A.
Website info
Features
Security
Details
- Company number
- 0455.530.509
- VAT number
- BE 0455.530.509
- Registered office
- Sinter-Goedeleplein 14, 1000 Brussel
- Names & denominations
- ISABEL
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 23 June 1995
- Peppol
- Active · Active since 24 Nov 2023
- Contact
- isabel.eu
- Activities · NACE
Overige ondersteunende activiteiten in verband met financiële diensten, neg, exclusief verzekeringen en pensioenfondsen
Ondersteunende activiteiten i.v.m. financiële instellingen, n.e.g.
Ontwerpen van computerprogramma’s
Ontwerpen en programmeren van computerprogramma's