Green Leaf Bidco

Active Risk: not assessed Private limited companyfounded 2022active for 4 yearsBrusselsesteenweg 94, 9090 Merelbeke-MelleKBO/BCE: BE 0789.556.244 subsidiary of Green Leaf Midco 4#1 company by total assets in East Flanders, Computer programming and consultancy sector

Part of the group Green Leaf Topco 33 companies in 15 countries

See the group

Green Leaf Bidco

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Holdings

own 2025 accounts, the bar shows equity in euros

This companyGreen Leaf Bidco1 holding, 1 country 2025 accounts

Belgium 1 Equity Result

BE Isolstar Holding €185.1m result -€5.0m

Source: list of holdings in its own 2025 accounts. Every holding stands with its own latest accounts.

Part of the group Green Leaf Topco Group, risk and exposure

Parent

Green Leaf Midco 4

0789.552.878 · 100% of the shares · equity €344.6m · loss €5,688 (2025)

At the same address

Brusselsesteenweg 94, 9090 Merelbeke-Melle · 17 other companies

Randstad Belgium establishment since 09-01-2000 · founded in 1965 · group RANDSTAD GROUP BELGIUM	20,826 FTE (2025) 0402.725.291
RANDSTAD GROUP BELGIUM establishment since 28-04-2006 · founded in 2005	1,909 FTE (2025) 0874.753.819
IPCOM registered office since 13-07-2010 · founded in 2010 · group Green Leaf Topco	turnover €9.4m (2025) 0827.868.868
Green Leaf Topco registered office since 10-08-2022 · founded in 2022	total assets €346.2m (2025) 0789.532.983
Green Leaf Midco 1 registered office since 10-08-2022 · founded in 2022 · group Green Leaf Topco	total assets €344.8m (2025) 0789.542.386
Green Leaf Midco 2 registered office since 10-08-2022 · founded in 2022 · group Green Leaf Topco	total assets €344.7m (2025) 0789.544.960
Green Leaf Midco 3 registered office since 10-08-2022 · founded in 2022 · group Green Leaf Topco	total assets €344.7m (2025) 0789.547.336
Green Leaf Midco 4 registered office since 10-08-2022 · founded in 2022 · group Green Leaf Topco	total assets €344.6m (2025) 0789.552.878
Isolstar Holding registered office since 28-11-2017 · founded in 2017 · group Green Leaf Topco	total assets €240.1m (2025) 0685.428.328
RANDSTAD SERVICES establishment since 01-01-2005 · founded in 2017 · group RANDSTAD GROUP BELGIUM	715 FTE (2025) 0686.849.377

and 7 more

Earlier ties

ISOTRANS via LDB CONSULTING, no longer at ISOTRANS · Director (not named in the articles) · deed of 29-01-2024 founded in 1994	11 FTE (2025)
TECHNICAS via LDB CONSULTING, no longer at TECHNICAS · Director · deed of 29-01-2025 No longer active · founded in 1968 · group Green Leaf Topco	11 FTE (2025)

Holdings and subsidiaries

1 holding · 23 subsidiaries, including indirect ones

Share, source and own figures per holding (1)

Isolstar Holdingsubsidiary
Equity €185.1m Loss of €5.0m in 2025 (loss of €5.6m in 2024)
Sourceown accounts 2025

100%

All subsidiaries, including indirect ones 23+

Green Leaf Bidco or one of its subsidiaries holds more than half of the shares of these companies. A company it consolidates per the LEI register is listed too.

Isolstar Holding 100%22 subsidiaries
- IPCOM 100%21 subsidiaries
  - Flexicel Portugal - Unipessoal LdaPT 100%
  - Insulcon Gaskets & Insulation VeniceIT 100%
  - IPCOM DeutschlandDE 100%
  - Ipcom France SASFR 100%
  - Ipcom Insulation Solutions España,ES 100%
  - IPCOM Italia SrlIT 100%
  - IPCOM MIDCO 1 100%1 subsidiary
    
    IPCOM MIDCO 2 100%
  - IPCOM NederlandNL 100%
  - IPCOM United Kingdom LimitedGB 100%
  - ISOPARTNER BELGIUM 100%
  - Skanacid A/SDK 100%
  - TECHNICAS 100%
  - VERMEERSCH LOGISTICS 100%1 subsidiary
    
    ISOLTEAM 100%
  - Weiss Isolering A/SDK 100%
  - ISOBUILD KORTEMARK consolidated4 subsidiaries
    
    ISOBUILD HOBOKEN 100%
    ISOBUILD VERVIERS 100%
    ISOPARTNER SCHWEIZ AGCH 100%
    ISOPARTNER TECHNICAL INSULATION SOLUTIONS LTDIE 100%

The tree shows 23 companies, up to 4 levels deep. There are more. Open a subsidiary's dossier to look further.

Holdings through the years 2022 to 2025

Holdings through the years
Name	2022	2023	2024	2025
Isolstar Holding 2022 to 2025: 100%	100%

Source: list of holdings in its own accounts

Connections & network

9 connected companies

Depth

Shared directors

This company Company Director Shareholding +N: links not shown yet

Linked via shared directors

IPCOM

via LDB CONSULTING · Director · deed of 09-01-2023

Founded in 2010 · turnover €9.4m (2025) · group Green Leaf Topco

→

Green Leaf Midco 1

via LDB CONSULTING and CELDRAN Adrien Jean José (at Green Leaf Bidco until 2022) · Director · deeds of 20-10-2022 and 12-08-2022

Founded in 2022 · total assets €344.8m (2025) · group Green Leaf Topco

→

Green Leaf Midco 2

via LDB CONSULTING · Director · deed of 20-10-2022

Founded in 2022 · total assets €344.7m (2025) · group Green Leaf Topco

→

Green Leaf Midco 3

via LDB CONSULTING · Director · deed of 20-10-2022

Founded in 2022 · total assets €344.7m (2025) · group Green Leaf Topco

→

Show 5 more companies with a shared director

ISOBUILD KORTEMARK

via LDB CONSULTING · Director · deed of 02-10-2023

Founded in 1973 · 14 FTE (2025) · group Green Leaf Topco

→

VERMEERSCH LOGISTICS

via LDB CONSULTING · Director · deed of 02-10-2023

Founded in 2001 · 8.9 FTE (2025) · group Green Leaf Topco

→

ISOBUILD VERVIERS

via LDB CONSULTING · Director · deed of 27-09-2019

Founded in 1968 · 27 FTE (2025) · group Green Leaf Topco

→

INSULCON N.V.

via LDB CONSULTING · Director · deed of 28-03-2023

Founded in 1971 · 41 FTE (2025)

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ISOPARTNER BELGIUM

via LDB CONSULTING · Director · deed of 29-09-2025

Founded in 2025

→