{
 "as_of": "2026-11-06",
 "cmr": "es-cm-kg/XMAD/ES0105449005",
 "fence": "The page is the record's research on the issuer — no analyst, no rating, no view.",
 "markdown": "The page is the record's research on the issuer — no analyst, no rating, no view.\n\n# IZERTIS, S.A. (BME Madrid: ES0105449005) — research page\n\nAs of 2026-11-06 · es-cm-kg · record version 1\n\n## Identity and listing\n\nThe issuer is IZERTIS, S.A., listed on BME Madrid under ticker ES0105449005, with ISIN ES0105449005 and LEI 959800X6PDF1A9CC6S16. Its security type, segment, sector and jurisdiction are not on the record. Its listing status is listed, not halted.\n\n## The disclosure read\n\nThe record holds 56 filings across 40 filing days in the window 2025-11-06 to 2026-11-06. The median gap between filing days is 5 days. The latest filing is dated 2026-11-06, is of type Otra información relevante, and is 0 days before the record date of 2026-11-06. The BME Madrid exchange median cadence gap is 9 days across 122 issuers, the median filings count is 31.0, and the median latency is 8 days. The sector median is not on the record.\n\n## Auditor\n\nThe auditor, its location and any auditor changes are not on the record, as this register has no lifecycle type map yet.\n\n## Events and halts\n\nThe listing, delisting, name change, domicile change and segment move lines are not on the record, as this register has no lifecycle type map yet. The halt flag is listed, not halted.\n\n## Orderability\n\nThe outcome is not determinable under rule version acm-68000/es/mifid-ii-product-governance/r1 as of 2026-11-04, because the chapter's orderability section carries no client_categories and so cannot name its client category.\n\n## Coverage\n\nThe issuer's investor-relations page names 8 research houses: Kepler Cheuvreux, Renta 4, Alantra, JB Capital, GVC Gaesco, Renta4 Banco, R4 Banco and Morningstar.\n\n## Open research\n\nThe record holds 1 openly published research note, published by JB Capital Markets S.V., S.A. The note date is not on the record.\n\n## Licensed\n\nLicensed research: none loaded. A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded.\n\n## As-of depth\n\nThe market's vintage is not sealed. No issuer years are sealed, the market's earliest sealed date is not on the record, and the live record began date is not on the record.\n\n## Sources\n\n8 source pages are named on this page; every value above carries its own source page and read date in the numbers.\n\n- https://firds.esma.europa.eu/firds/ (identity.exchange)\n- https://mapping.gleif.org/api/v2/isin-lei/latest/download (identity.lei)\n- https://mcp.es-cm-kg.ai/events/XMAD/ES0105449005 (the disclosure lines)\n- https://www.cnmv.es/portal/Informacion-Privilegiada/Resultado-IP?tipos=<category blob>&fechaDesde=09/11/2025&fechaHasta=09/11/2026 | https://www.cnmv.es/portal/Otra-Informacion-Relevante/Resultado-OIR?tipos=<category blob>&fechaDesde=09/11/2025&fechaHasta=09/11/2026 | https://apiweb.bolsasymercados.es/Market/v1/EQ/ShareDetailsInfo?isin=<roster ISIN> (the halt flag)\n- https://es.eu-cm-kg.ai/book/aio.json (the orderability chapter)\n- https://www.izertis.com/en/investors (coverage)\n- https://www.izertis.com/documents/35913/0/JB+Capital+Report+-+Initiation+of+Coverage.pdf/98d4e808-f730-52b2-e3bf-a8d2d6dc0a09?version=1.0&t=1761236911199 (open research)\n- https://mcp.es-cm-kg.ai/record/XMAD/ES0105449005 (the record)\n",
 "market": "ES",
 "node": "es-cm-kg",
 "numbers": {
  "as_of_depth": {
   "issuer_years_sealed": [],
   "live_record_began": null,
   "node_history_from": null,
   "node_years_sealed": [],
   "note": "the ES vintage is not sealed; the record is the live record as of 2026-11-06",
   "record_version": 1,
   "sealed": false
  },
  "auditor": {
   "auditor": {
    "market": "ES",
    "state": "not_on_record"
   },
   "auditor_firm_id": {
    "market": "ES",
    "state": "not_on_record"
   },
   "auditor_location": {
    "market": "ES",
    "state": "not_on_record"
   },
   "changes": {
    "market": "ES",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   }
  },
  "cmr": "es-cm-kg/XMAD/ES0105449005",
  "coverage": {
   "count": 8,
   "houses": [
    {
     "house": "Kepler Cheuvreux",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.izertis.com/en/investors",
     "state": "sourced"
    },
    {
     "house": "Renta 4",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.izertis.com/en/investors",
     "state": "sourced"
    },
    {
     "house": "Alantra",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.izertis.com/en/investors",
     "state": "sourced"
    },
    {
     "house": "JB Capital",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.izertis.com/en/investors",
     "state": "sourced"
    },
    {
     "house": "GVC Gaesco",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.izertis.com/en/investors",
     "state": "sourced"
    },
    {
     "house": "Renta4 Banco",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.izertis.com/en/investors",
     "state": "sourced"
    },
    {
     "house": "R4 Banco",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.izertis.com/en/investors",
     "state": "sourced"
    },
    {
     "house": "Morningstar",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.izertis.com/en/investors",
     "state": "sourced"
    }
   ],
   "pages_checked": [
    {
     "page": "https://www.izertis.com/en/investors",
     "result": "read: 8 of 13 named houses found on the page"
    },
    {
     "page": "https://www.izertis.com/documents/20126/0/05449_Analisis_20240510.pdf/ef70dc1f-19c5-acdd-2762-32621c543578?t=1715338726580&version=1.0",
     "result": "not readable by this rail (404)"
    },
    {
     "page": "https://www.izertis.com/documents/20126/0/GVC+Gaesco+Report+Update+on+estimates.pdf/8a45a45e-b378-0a3c-674e-982a8243a35e?t=1670922914733&version=1.0",
     "result": "not readable by this rail (404)"
    }
   ],
   "read_by": "Perplexity sonar (search) · page read by this rail",
   "read_date": "2026-11-12",
   "since": "not stated on the page read",
   "state": "found"
  },
  "disclosure": {
   "against": {
    "exchange": {
     "issuers": 122,
     "median_cadence_gap_days": 9,
     "median_filings": 31,
     "median_latency_days": 8,
     "name": "BME Madrid"
    },
    "sector": {
     "market": "ES",
     "state": "not_on_record"
    }
   },
   "by_type": {
    "Cambios en los derechos vinculados a las clases de acciones u otros valores": 1,
    "Contratos de liquidez y contrapartida": 18,
    "Convocatoria de Junta o Asamblea": 1,
    "Informe anual de gobierno corporativo": 1,
    "Informe anual de remuneraciones de los consejeros": 1,
    "Informes financieros anuales y de auditoría": 1,
    "Informes financieros semestrales y de auditoría / revisiones limitadas": 2,
    "Otra información relevante": 5,
    "Programas de recompra de acciones, estabilización y autocartera": 3,
    "Sobre Gobierno corporativo": 2,
    "Sobre calificaciones crediticias": 1,
    "Sobre colocaciones significativas de instrumentos financieros": 2,
    "Sobre instrumentos financieros": 7,
    "Sobre negocio y situación financiera": 4,
    "Sobre operaciones corporativas": 2,
    "Total número de derechos de voto y de capital": 5
   },
   "cadence_median_gap_days": 5,
   "filing_days": 40,
   "filings": 56,
   "latency_days": 0,
   "latest": [
    {
     "category": "Otra información relevante",
     "date": "2026-11-06",
     "source": "https://www.cnmv.es/webservices/verdocumento/ver?t=%7bbeb0c1d7-d995-4a9c-a973-0d1f93c83f63%7d",
     "title": "La Sociedad comunica la adquisición de un bloque de acciones propias",
     "type": "Otra información relevante"
    },
    {
     "category": "Programas de recompra de acciones, estabilización y autocartera",
     "date": "2026-11-03",
     "source": "https://www.cnmv.es/webservices/verdocumento/ver?t=%7bb0f11c84-61b2-4b22-8424-085d0d42181b%7d",
     "title": "La Sociedad comunica información relativa a la ejecución del Programa de Recompra de Acciones",
     "type": "Programas de recompra de acciones, estabilización y autocartera"
    },
    {
     "category": "Otra información relevante",
     "date": "2026-10-30",
     "source": "https://www.cnmv.es/webservices/verdocumento/ver?t=%7b2dd89961-d4b3-43ad-af24-39689758109a%7d",
     "title": "La Sociedad comunica la adquisición de un bloque de acciones propias",
     "type": "Otra información relevante"
    },
    {
     "category": "Otra información relevante",
     "date": "2026-10-26",
     "source": "https://www.cnmv.es/webservices/verdocumento/ver?t=%7b5ee5a698-4753-48f9-b206-db96635a39ae%7d",
     "title": "Izertis informa de la constitución e inicio de actividad de la Fundación Izertis",
     "type": "Otra información relevante"
    },
    {
     "category": "Programas de recompra de acciones, estabilización y autocartera",
     "date": "2026-10-26",
     "source": "https://www.cnmv.es/webservices/verdocumento/ver?t=%7b183fe304-6d5e-436f-8a3e-53488d5ba90e%7d",
     "title": "La Sociedad comunica información relativa a la ejecución del Programa de Recompra de Acciones",
     "type": "Programas de recompra de acciones, estabilización y autocartera"
    }
   ],
   "latest_filing_date": "2026-11-06",
   "read": "the node's event lines (list_events_since), as get_filings serves them",
   "source": "https://mcp.es-cm-kg.ai/events/XMAD/ES0105449005",
   "window": {
    "from": "2025-11-06",
    "to": "2026-11-06"
   }
  },
  "identity": {
   "exchange": {
    "read_by": "allooloo-cm-kg/eu-sources/es roster.py",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://firds.esma.europa.eu/firds/ (ESMA FIRDS FULINS_E 2026-11-07: FULINS_E_20261107_01of02.zip, FULINS_E_20261107_02of02.zip)",
    "state": "sourced",
    "value": "BME Madrid"
   },
   "isin": {
    "read_by": "allooloo-cm-kg/eu-sources/es roster.py",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://firds.esma.europa.eu/firds/ (ESMA FIRDS FULINS_E 2026-11-07: FULINS_E_20261107_01of02.zip, FULINS_E_20261107_02of02.zip)",
    "state": "sourced",
    "value": "ES0105449005"
   },
   "jurisdiction": {
    "market": "ES",
    "state": "not_on_record"
   },
   "lei": {
    "read_by": "GLEIF ISIN-to-LEI mapping file (daily), LEI by exact ISIN",
    "read_date": "2026-11-09",
    "read_date_basis": "the field",
    "source": "https://mapping.gleif.org/api/v2/isin-lei/latest/download (ISIN ES0105449005)",
    "state": "sourced",
    "value": "959800X6PDF1A9CC6S16"
   },
   "name": {
    "read_by": "allooloo-cm-kg/eu-sources/es roster.py",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://firds.esma.europa.eu/firds/ (ESMA FIRDS FULINS_E 2026-11-07: FULINS_E_20261107_01of02.zip, FULINS_E_20261107_02of02.zip)",
    "state": "sourced",
    "value": "IZERTIS, S.A."
   },
   "sector": {
    "market": "ES",
    "state": "not_on_record"
   },
   "security_type": {
    "market": "ES",
    "state": "not_on_record"
   },
   "segment": {
    "market": "ES",
    "state": "not_on_record"
   },
   "ticker": {
    "read_by": "allooloo-cm-kg/eu-sources/es roster.py",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://firds.esma.europa.eu/firds/ (ESMA FIRDS FULINS_E 2026-11-07: FULINS_E_20261107_01of02.zip, FULINS_E_20261107_02of02.zip)",
    "state": "sourced",
    "value": "ES0105449005"
   },
   "website": {
    "market": "ES",
    "state": "not_on_record"
   }
  },
  "licensed": {
   "columns": [
    "licensor",
    "entitlement",
    "title",
    "date",
    "source"
   ],
   "rows": [],
   "rule": "A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded."
  },
  "lifecycle": {
   "delisting": {
    "market": "ES",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "domicile_change": {
    "market": "ES",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "listing": {
    "market": "ES",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "name_change": {
    "market": "ES",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "segment_move": {
    "market": "ES",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   }
  },
  "market": "ES",
  "node": "es-cm-kg",
  "numbers_hash": "sha256:d1867b14d40f8828bedbebe42e51b6e2c2ae0a6012b218d281b87f8bd57d515a",
  "open_research": {
   "read_date": "2026-11-12",
   "rows": [
    {
     "date": null,
     "kind": "issuer-sponsored",
     "publisher": "JB Capital Markets S.V., S.A.",
     "read_by": "the note's link answers (200 application/pdf); a document, not read as text",
     "read_date": "2026-11-12",
     "source": "https://www.izertis.com/documents/35913/0/JB+Capital+Report+-+Initiation+of+Coverage.pdf/98d4e808-f730-52b2-e3bf-a8d2d6dc0a09?version=1.0&t=1761236911199",
     "state": "sourced",
     "title": "Izertis — Initiation of Coverage"
    }
   ],
   "state": "found"
  },
  "orderability": {
   "chapter_as_of": "2026-11-04",
   "client_categories": [],
   "determinable": false,
   "read": {
    "chapter": "https://es.eu-cm-kg.ai/book/aio.json",
    "door": "https://es.eu-cm-kg.ai/mcp",
    "tool": "get_orderability"
   },
   "reason": "the chapter's orderability section carries no client_categories: the outcome cannot name its client category",
   "rule_version": "acm-68000/es/mifid-ii-product-governance/r1",
   "section": "es.aio.v6"
  },
  "record": {
   "as_of": "2026-11-06",
   "url": "https://mcp.es-cm-kg.ai/record/XMAD/ES0105449005",
   "version": 1
  },
  "schema": "research-numbers v0.1 (USR-01, 2026-11-11)",
  "status": {
   "read_date": "2026-11-09",
   "source": "https://www.cnmv.es/portal/Informacion-Privilegiada/Resultado-IP?tipos=<category blob>&fechaDesde=09/11/2025&fechaHasta=09/11/2026 | https://www.cnmv.es/portal/Otra-Informacion-Relevante/Resultado-OIR?tipos=<category blob>&fechaDesde=09/11/2025&fechaHasta=09/11/2026 | https://apiweb.bolsasymercados.es/Market/v1/EQ/ShareDetailsInfo?isin=<roster ISIN>",
   "value": "listed, not halted"
  }
 },
 "numbers_hash": "sha256:d1867b14d40f8828bedbebe42e51b6e2c2ae0a6012b218d281b87f8bd57d515a",
 "path": "/es/XMAD/ES0105449005",
 "schema": "research-page v0.1 (USR-02, 2026-11-11)",
 "sections": [
  {
   "id": "identity",
   "text": "The issuer is IZERTIS, S.A., listed on BME Madrid under ticker ES0105449005, with ISIN ES0105449005 and LEI 959800X6PDF1A9CC6S16. Its security type, segment, sector and jurisdiction are not on the record. Its listing status is listed, not halted.",
   "title": "Identity and listing"
  },
  {
   "id": "disclosure",
   "text": "The record holds 56 filings across 40 filing days in the window 2025-11-06 to 2026-11-06. The median gap between filing days is 5 days. The latest filing is dated 2026-11-06, is of type Otra información relevante, and is 0 days before the record date of 2026-11-06. The BME Madrid exchange median cadence gap is 9 days across 122 issuers, the median filings count is 31.0, and the median latency is 8 days. The sector median is not on the record.",
   "title": "The disclosure read"
  },
  {
   "id": "auditor",
   "text": "The auditor, its location and any auditor changes are not on the record, as this register has no lifecycle type map yet.",
   "title": "Auditor"
  },
  {
   "id": "events",
   "text": "The listing, delisting, name change, domicile change and segment move lines are not on the record, as this register has no lifecycle type map yet. The halt flag is listed, not halted.",
   "title": "Events and halts"
  },
  {
   "id": "orderability",
   "text": "The outcome is not determinable under rule version acm-68000/es/mifid-ii-product-governance/r1 as of 2026-11-04, because the chapter's orderability section carries no client_categories and so cannot name its client category.",
   "title": "Orderability"
  },
  {
   "id": "coverage",
   "text": "The issuer's investor-relations page names 8 research houses: Kepler Cheuvreux, Renta 4, Alantra, JB Capital, GVC Gaesco, Renta4 Banco, R4 Banco and Morningstar.",
   "title": "Coverage"
  },
  {
   "id": "open_research",
   "text": "The record holds 1 openly published research note, published by JB Capital Markets S.V., S.A. The note date is not on the record.",
   "title": "Open research"
  },
  {
   "id": "licensed",
   "text": "Licensed research: none loaded. A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded.",
   "title": "Licensed"
  },
  {
   "id": "depth",
   "text": "The market's vintage is not sealed. No issuer years are sealed, the market's earliest sealed date is not on the record, and the live record began date is not on the record.",
   "title": "As-of depth"
  },
  {
   "id": "sources",
   "text": "8 source pages are named on this page; every value above carries its own source page and read date in the numbers.",
   "title": "Sources"
  }
 ],
 "sources": [
  {
   "for": "identity.exchange",
   "source": "https://firds.esma.europa.eu/firds/"
  },
  {
   "for": "identity.lei",
   "source": "https://mapping.gleif.org/api/v2/isin-lei/latest/download"
  },
  {
   "for": "the disclosure lines",
   "source": "https://mcp.es-cm-kg.ai/events/XMAD/ES0105449005"
  },
  {
   "for": "the halt flag",
   "source": "https://www.cnmv.es/portal/Informacion-Privilegiada/Resultado-IP?tipos=<category blob>&fechaDesde=09/11/2025&fechaHasta=09/11/2026 | https://www.cnmv.es/portal/Otra-Informacion-Relevante/Resultado-OIR?tipos=<category blob>&fechaDesde=09/11/2025&fechaHasta=09/11/2026 | https://apiweb.bolsasymercados.es/Market/v1/EQ/ShareDetailsInfo?isin=<roster ISIN>"
  },
  {
   "for": "the orderability chapter",
   "source": "https://es.eu-cm-kg.ai/book/aio.json"
  },
  {
   "for": "coverage",
   "source": "https://www.izertis.com/en/investors"
  },
  {
   "for": "open research",
   "source": "https://www.izertis.com/documents/35913/0/JB+Capital+Report+-+Initiation+of+Coverage.pdf/98d4e808-f730-52b2-e3bf-a8d2d6dc0a09?version=1.0&t=1761236911199"
  },
  {
   "for": "the record",
   "source": "https://mcp.es-cm-kg.ai/record/XMAD/ES0105449005"
  }
 ],
 "title": "IZERTIS, S.A. (ES0105449005) — research page",
 "writer": {
  "by": "Claude through the platform account, Haiku class; one pass; checked against the numbers",
  "engine": "claude-haiku-5-5"
 }
}