Bouw-Isolatie-Crepi
ActiveSummary
Bouw-Isolatie-Crepi has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €101k and a net result of €-28k. Equity is shrinking by ~4.2% per year across the filed fiscal years. Its solvency ranks better than 90% of 7445 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2024
65
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0▼-2
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity ample (current ratio 8.74 against 6.72 in 2023; short-term debt: 11.4% and cash: 90.1% of total assets), and 17.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
82.5%
Return on assets
-22.9%
Age of the figures
21 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year €-28k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 23-06-2025, 38 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
38 d early
2023
27 d late
2022
26 d early
2021
34 d early
2020
96 d early
2019
130 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€101k▼ 21.7%
2023 · €129k
2018: €44k
2019: €128k
2020: €230k
2021: €170k
2022: €150k
2023: €129k
2018 → 2024
Total assets
€122k▼ 23.6%
2023 · €160k
2018: €254k
2019: €350k
2020: €412k
2021: €281k
2022: €193k
2023: €160k
2018 → 2024
Net result
€-28k▼ 33.9%
2023 · €-21k
2018: €10k
2019: €92k
2020: €111k
2021: €-60k
2022: €-21k
2023: €-21k
2018 → 2024
Working capital
€108k▼ 20.3%
2023 · €135k
2018: €24k
2019: €94k
2020: €201k
2021: €160k
2022: €157k
2023: €135k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€230k-€170k▼ 25.9%€150k▼ 12.3%€129k▼ 13.9%€101k▼ 21.7%
Operating result€159k-€-56k€-17k▲ 69.6%€-21k▼ 21.7%€-29k▼ 43.5%
Net result€111k-€-60k€-21k▲ 65.0%€-21k▲ 0.2%€-28k▼ 33.9%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €29k in 2024 against €21k in 2023; the loss grows.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €122k
Fixed assets
€211 ▼ 65.1%
Current assets
€122k ▼ 23.4%
Equity and liabilities €122k
Equity
€101k ▼ 21.7%
Debt
€21k ▼ 31.4%
Debt's share of the balance-sheet total falls from 19.4% to 17.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-29k▼
2023 · €-20k
Cash flow
€-28k▼
2023 · €-20k
Current ratio
8.74▲
2023 · 6.72
Quick ratio
8.43▲
2023 · 6.54
Debt to equity
0.21▼
2023 · 0.24
ROE
-27.7%▼
2023 · -16.2%
ROA
-22.9%▼
2023 · -13.0%
Interest coverage
-163.07▼
2023 · -52.38
Debt ≤ 1 year
€14k▼
2023 · €24k
Debt > 1 year
€7k=
2023 · €7k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 45 lines
Balance sheet
Code20232024
Assets
Total assets20/58€160k€122k▼
Fixed assets21/28€606€211▼
Tangible fixed assets22/27€606€211▼
Plant, machinery and equipment23€606€211▼
Current assets29/58€159k€122k▼
Stocks and contracts in progress3€4k€4k=
Stocks30/36€4k€4k=
Amounts receivable within one year40/41€26k€7k▼
Trade receivables40€26k€5k▼
Other amounts receivable41€64€2k▲
Cash at bank and in hand54/58€129k€110k▼
Deferred charges and accrued income490/1-€1k
Equity and liabilities
Total equity and liabilities10/49€160k€122k▼
Equity10/15€129k€101k▼
Contributions10/11€19k€19k=
Reserves13€197k€197k=
Non-distributable reserves130/1€2k€0▼
Reserves not available under the articles1311€2k€0▼
Distributable reserves133€195k€197k▲
Profit (loss) carried forward14€-87k€-115k▼
Amounts payable17/49€31k€21k▼
Amounts payable after more than one year17€7k€7k=
Other amounts payable178/9€7k€7k=
Amounts payable within one year42/48€24k€14k▼
Trade debts44€24k€14k▼
Suppliers440/4€24k€14k▼
Taxes, remuneration and social security45€0-
Taxes450/3€0-
Income statement
Code20232024
Non-recurring operating income76A€0-
Remuneration, social security and pensions62€0-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€394€394=
Other operating charges640/8€611€21k▲
Gross operating margin9900€-20k€-8k▲
Operating profit (loss)9901€-21k€-29k▼
Financial income75/76B€100€2k▲
Recurring financial income75€100€2k▲
Financial charges65/66B€385€178▼
Recurring financial charges65€385€178▼
Profit (loss) for the period before taxes9903€-21k€-28k▼
Profit (loss) for the period9904€-21k€-28k▼
Profit (loss) for the period to be appropriated9905€-21k€-28k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-87k€-115k▼
Profit (loss) brought forward from the previous period14P€-66k€-87k▼
Transfer from equity791/2€0-
Social balance
Average headcount (FTE)90870.00.0=
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
23-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 27 days late
2023
05-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Liquidity doublescurrent ratio 5.57
Current ratio from 2.58 to 5.57; short-term debt falls from €101k to €34k.
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Weakest financial yearnet €-60k ▼154%
Net result drops to €-60k, the lowest in the series; recovery starts the following year.
26-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Highest result since 2018net €111k ▲20.7%
Operating result €159k, net result €111k, both a record.
31-12
Financial
Equity above €200kEq €230k ▲80.3%
3 profitable years in a row build equity to €230k.
23-03
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Equity above €100kEq €128k ▲189%
2 profitable years in a row build equity to €128k.
03-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
Show earlier events
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
2016
07-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Kortrijk · 1 establishment unit since 2014
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Doenaertstraat(Mar) 188510 KortrijkGround area
1,571 m²
Building footprint
702 m²
Volume, LiDAR
3,820 m³
Parcel 34026A0405/00H000, Flanders · tallest building 6.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Bouw-Isolatie-Crepi
since 20142.238.186.710
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34026A0405/00H000 | Flanders | 1,571 m² | 1 · 702 m² | 6.1 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
SRT
BE 0862.656.830
Zaventem · Eq €100,806
VERMA VERMEERSCH - VAN HAMME
BE 0444.946.720
Wevelgem · Eq €100,513
Voegwerken Vanheel
BE 0627.714.813
Heusden-Zolder · Eq €100,470
ISO-PROJECTS PK
BE 0760.423.976
Ledegem · Eq €101,682
EXCLUSIVE WOOD CREATIONS
BE 0541.351.258
Halen · Eq €101,717
Of 4,271 companies in sector 43230 we hold annual accounts for 1,241. 1,047 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded11-12-2014
Fiscal year end31-12
Abbreviation NL
B.I.C.
Activities, NACEBEL 2025
43230Insulation installation
43310Plastering work
43990Other specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 10 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.