IRMACO group
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IRMACO group - overview
Established
1975
Location
-, -, Belgium
Primary Industry
Business Support Services
About
IRMACO group is a Belgian company specializing in explosion protection systems, ensuring safety for personnel and installations against dust and gas explosions as well as process fires within various industries. Founded in 1975, IRMACO group operates from Belgium, focusing on the design and implementation of safety solutions in the process industry. The company underwent a significant transition in February 2005 when Fin. Co, along with the management, acquired a majority stake, enhancing its operational capabilities.
IRMACO group, through its subsidiary StuvEx International NV, offers a range of explosion protection products and services, including explosion venting panels, pressure detectors, and fire suppression systems. These solutions are tailored for sectors such as pharmaceuticals, food processing, and chemical manufacturing, serving a diverse clientele across Europe and beyond. For the year 2022, IRMACO group reported a revenue of USD 0 mn. The company's EBITDA for the most recent year was USD -4,740.
9. IRMACO group plans to launch new explosion protection products in the coming years to meet market demands. The company is targeting geographic expansion throughout Europe and potentially new markets in Asia by 2025. The 2005 acquisition funding continues to support these growth initiatives, enabling IRMACO group to enhance its product offerings and operational reach.
Current Investors
Finco
Primary Industry
Business Support Services
Sub Industries
Business Support Services
Website
www.irmaco.be
Company Stage
Mature - Buyout
Total Amount Raised
Subscriber access only
IRMACO group - timeline of key events
IRMACO group - financials
| Fiscal Year Ended | Dec 31, 2010 | Dec 31, 2011 | Dec 31, 2012 | Dec 31, 2013 | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 182,440 | 200,000 | 200,000 | 30,000 | 30,000 | 30,000 | 30,000 | 30,000 | 30,000 | 30,000 | 30,000 | - | - | - |
| % Revenue Growth (YoY) | - | 9.6% | - | (85.0%) | - | - | - | - | - | - | - | - | - | - |
| EBITDA (USD) | 173,681 | 193,693 | 193,527 | 22,701 | 21,941 | 20,803 | 22,807 | 25,064 | 24,978 | 25,058 | 25,037 | - | - | - |
| Operating Income (USD) | 173,681 | 193,693 | 193,527 | 22,701 | 21,941 | 20,803 | 22,807 | 25,064 | 24,978 | 25,058 | 25,037 | - | - | - |
| Operating Margin | 95.2% | 96.8% | 96.8% | 75.7% | 73.1% | 69.3% | 76.0% | 83.5% | 83.3% | 83.5% | 83.5% | - | - | - |
| % EBITDA Margin | 95.2% | 96.8% | 96.8% | 75.7% | 73.1% | 69.3% | 76.0% | 83.5% | 83.3% | 83.5% | 83.5% | - | - | - |
| NET Income (USD) | 47,320 | 88,593 | 275,316 | 273,862 | 55,732 | (39,397) | 662,007 | 167,856 | 220,399 | 215,239 | 16,558 | - | - | - |
| % Net Margin | 25.9% | 44.3% | 137.7% | 912.9% | 185.8% | (131.3%) | 2206.7% | 559.5% | 734.7% | 717.5% | 55.2% | - | - | - |
IRMACO group - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Buyout | Completed | IRMACO group | - |
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IRMACO group - employee data
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