H&M ISOL
Open bankruptcyAre you a creditor?
Open bankruptcy
Source: Belgian Official Gazette
If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.
The procedure
- Court
- Enterprise Court of Liège, Liège division
- Declared bankrupt
- 20 December 2024
- Supervising judge
- Rudi Houssonloge
- Official Gazette
- 15-01-2025 (pdf) ↗search the document for 2025/101181
Deadlines
- File the claim in RegSol until
- passed on 19 January 2025art. XX.104 and XX.155 CEL
- Appeal or third-party opposition until
- passed on 30 January 2025Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- First verification report
- passed on 6 February 2025Goods that belong to you, such as those delivered under retention of title, are reclaimed before this day.art. XX.104 and XX.194 CEL
- Late claim until
- passed on 20 December 2025Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curator
- Marc GilsonPlace General Jacques 7, 4800 Verviersm.gilson@avocat.be
What to do now
- Do not deliver on credit any more without an agreement with the curator.
- Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
- File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
- Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
- Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.
The deadlines above come from the publication of the judgment. Check them in RegSol before you file anything; a passed deadline no longer applies.
File a claim in RegSol ↗
Watch
Follow this bankruptcy: you are alerted when it is closed or reversed.
General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help.Creditor guide for this company
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Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 02-10-2024, 63 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 2 filingsDeviation from the deadline
2023
63 d late
2022
53 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 2 accounts on average 58 days after the deadline; the sector median for financial year 2023 is on the deadline day, and 45% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date Are there other customers at risk in your own list?Process a list How is the Combined facilities support activities sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2023, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€15,203
2022 · €1,058
Working capital
-€107,763▼ 700%
2022 · -€13,467
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 81, Services to buildings and landscape activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20222023
Operating result€8,674-€3,880▼ 55.3%
Net result€1,058within the sector's middle half--€15,203below the sector's middle half
Equity€3,058below the sector's middle half--€12,145below the sector's middle half
Total assets€96,875below the sector's middle half-€255,612within the sector's middle half▲ 164%
Debt€93,818-€267,757▲ 185%
Working capital-€13,467below the sector's middle half--€107,763below the sector's middle half▼ 700%
Solvency3.2%below the sector's middle half--4.8%below the sector's middle half▼ 7.9pp
Current ratio0.70below the sector's middle half-0.54below the sector's middle half▼ 0.15
Return on assets (ROA)1.1%within the sector's middle half--5.9%below the sector's middle half▼ 7.0pp
Staff (FTE)2.6below the sector's middle half-2.5▼ 3.8%
above
within
below
the middle half (P25 to P75) of NACE 81, Services to buildings and landscape activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result falls in 2023; 2023 is 55% below 2022.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €255,612
Fixed assets
€127,992 ▲ 94.0%
Current assets
€127,620 ▲ 313%
Equity and liabilities
Equity-€12,145
Debt€267,757
Equity is negative: debt (€267,757) exceeds the balance-sheet total (€255,612).
Key figures and ratios
EBITDA
€19,410▼
2022 · €26,167
Cash flow
€328▼
2022 · €18,551
Quick ratio
0.12▼
2022 · 0.42
Interest coverage
4.76▼
2022 · 5.44
Debt ≤ 1 year
€235,383▲
2022 · €44,380
Debt > 1 year
€32,374▼
2022 · €49,438
Staff costs
€105,738▼
2022 · €117,562
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2022 | 2023 | Change |
|---|---|---|---|
| Non-recurring operating income76A | - | €14,500 | - |
| Remuneration, social security and pensions62 | €117,562 | €105,738 | ▼ 10.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €17,493 | €15,530 | ▼ 11.2% |
| Other operating charges640/8 | €2,850 | €2,250 | ▼ 21.1% |
| Gross operating margin9900 | €146,579 | €127,398 | ▼ 13.1% |
| Operating profit (loss)9901 | €8,674 | €3,880 | ▼ 55.3% |
| Financial charges65/66B | €4,812 | €19,083 | ▲ 297% |
| Recurring financial charges65 | €4,812 | €4,074 | ▼ 15.3% |
| Non-recurring financial charges66B | - | €15,009 | - |
| Profit (loss) for the period before taxes9903 | €3,862 | -€15,203 | ▼ 494% |
| Income taxes67/77 | €2,804 | - | - |
| Profit (loss) for the period9904 | €1,058 | -€15,203 | ▼ 1,538% |
| Profit (loss) for the period to be appropriated9905 | €1,058 | -€15,203 | ▼ 1,538% |
| Line | 2022 | 2023 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €96,875 | €255,612 | ▲ 164% |
| Fixed assets21/28 | €65,962 | €127,992 | ▲ 94.0% |
| Tangible fixed assets22/27 | €65,962 | €127,992 | ▲ 94.0% |
| Furniture and vehicles24 | €1,767 | €90,412 | ▲ 5,015% |
| Leasing and similar rights25 | €64,195 | €37,579 | ▼ 41.5% |
| Current assets29/58 | €30,913 | €127,620 | ▲ 313% |
| Stocks and contracts in progress3 | €12,306 | €99,428 | ▲ 708% |
| Stocks30/36 | €12,306 | €99,428 | ▲ 708% |
| Amounts receivable within one year40/41 | €11,477 | €9,571 | ▼ 16.6% |
| Trade receivables40 | €3,777 | - | - |
| Other amounts receivable41 | €7,700 | €9,571 | ▲ 24.3% |
| Cash at bank and in hand54/58 | €7,130 | €18,622 | ▲ 161% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €96,875 | €255,612 | ▲ 164% |
| Equity10/15 | €3,058 | -€12,145 | ▼ 497% |
| Contributions10/11 | €2,000 | €2,000 | = |
| Capital10 | - | €2,000 | - |
| Issued capital100 | - | €2,000 | - |
| Profit (loss) carried forward14 | €1,058 | -€14,145 | ▼ 1,438% |
| Amounts payable17/49 | €93,818 | €267,757 | ▲ 185% |
| Amounts payable after more than one year17 | €49,438 | €32,374 | ▼ 34.5% |
| Financial debts170/4 | €49,438 | €32,374 | ▼ 34.5% |
| Amounts payable within one year42/48 | €44,380 | €235,383 | ▲ 430% |
| Current portion of amounts payable after more than one year42 | €16,084 | €17,064 | ▲ 6.1% |
| Trade debts44 | €4,887 | €144,695 | ▲ 2,861% |
| Suppliers440/4 | €4,887 | €144,695 | ▲ 2,861% |
| Advances received on contracts in progress46 | - | €68,248 | - |
| Taxes, remuneration and social security45 | €23,409 | €5,376 | ▼ 77.0% |
| Taxes450/3 | €2,804 | €5,376 | ▲ 91.7% |
| Remuneration and social security454/9 | €20,605 | - | - |
| Line | 2022 | 2023 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €1,058 | -€15,203 | ▼ 1,538% |
| + Depreciation and write-downs630 | €17,493 | €15,530 | ▼ 11.2% |
| Operating cash flow (approximation) | €18,551 | €328 | ▼ 98.2% |
| Investment in fixed assets (approximation) | - | -€77,560 | - |
| Change in cash | - | €11,492 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
15-01
Bankruptcy
Opening
Tribunal de l’entreprise de Liège, division Liège · event 20-12-2024
2024
02-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 63 days late
2023
22-09
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 53 days late
SignalNBB filing
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
No directors read yet: 0 of 1 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Dison · 1 establishment unit since 2021
Ground area
619 m²
Building footprint
251 m²
Parcel 63020C0010/00S021, Wallonia. Linked by address, not a title deed.
1 establishment unit
H&M ISOL
since 20212.314.572.527
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63020C0010/00S021 | Wallonia | 619 m² | 1 · 250 m² | - |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | MARC GILSON Place General Jacques 7, 4800 Verviers |
20-12-2024 → present |
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Lontzen
This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 1,277 companies in this sector we hold annual accounts for 678. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded05-03-2021
Fiscal year end31-12
Activities, NACEBEL 2025
81100Combined facilities support activities
43230Insulation installation
43310Plastering work
43320Joinery installation
43422Screed work
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.