I.SO.C.E.L.E

Active

Non-profit associationfounded 1983active for 43 yearsRue Béribou 4, 4800 Verviers, BelgiumKBO/BCE: BE 0424.845.152

Summary

I.SO.C.E.L.E has been active since 1983 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €441,043 and a net result of €40,954. Equity has been shrinking by about 2.5% per year since 2018. Its solvency ranks better than 51% of 2,445 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).

Risk analysisFollow Report Compare

I.SO.C.E.L.EActiveChecked score 94/100

Risk analysis Report Compare

Overview

Official details

Source: KBO

Status: Active since 26-10-1983 Normal situation
Activity: Other specialised construction activities NACE 43990and 3 others
Joint committee: 329.02 Paritair Subcomité voor de socio-culturele sector van de Franstalige en Duitstalige Gemeenschap en het Waalse Gewest · annual accounts 2025
Establishment units: 2.160.457.937 4800 Verviers, since 01-05-1984
: 2.172.817.816 4800 Verviers, since 01-04-2007and 1 other
Financial year end: 31 December
Peppol: Reachable since 16-01-2026

Company details

Board and ownership

Board

Jacquemin BenoîtDirector · since 22-05-2017
Brayeur NicoleDirector
Detrembleur PhuilippeDirector

and 6 others

Board & ownership

Financial position

94 Excellent Checked score 2025

Bankruptcy probabilitywithin 12 months: < 0.1%

Annual accounts 2025

Gross margin: €2.4m; ▲ 3.5%
Turnover: ≈ €6.6m; estimated
Surplus: €40,954; ▼ 29.0%
Equity: €441,043; ▲ 1.0%
Total assets: €1.0m; ▲ 5.5%
Employees on 31-12-2025: 39; ▲ 2.6%

2025 accounts filed 20 days after the deadline

Filed on 20-08-2026

Financials

Score breakdownraises riskSector: Specialised construction activities (NACE 43)lowers riskLegal form: non-profit associationLiquidity: current ratio 1.54, cash €272,306Founded in 1983Show the evidence

Checked score

Score 2025

94 / 100

Excellent

Probability in this band: under 0.55%

Financially stronger than 55% of small companies in specialised construction (NACE 43)

Every signal that counts is listed under Signals.

Financial strength · tick: 2024

Strong

Solvency 68-2

equity 42.9% of total assets

Liquidity 60+2

short-term debt 46.7% · cash 26.5%

Profitability 74-2

return on assets 4.0%

Bankruptcy probability within 12 months

< 0.1% Very low

0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (2,649 companies, NACE 43, small)

Last 24 months 12-2024: < 0.1% 01-2025: < 0.1%● unchanged vs 12-2024 02-2025: < 0.1%● unchanged vs 01-2025 03-2025: < 0.1%● unchanged vs 02-2025 04-2025: < 0.1%● unchanged vs 03-2025 05-2025: < 0.1%● unchanged vs 04-2025 06-2025: < 0.1%● unchanged vs 05-2025 07-2025: < 0.1%● unchanged vs 06-2025 08-2025: < 0.1%● unchanged vs 07-2025highest value 09-2025: < 0.1%● unchanged vs 08-2025 10-2025: < 0.1%● unchanged vs 09-2025 11-2025: < 0.1%● unchanged vs 10-2025 12-2025: < 0.1%● unchanged vs 11-2025 01-2026: < 0.1%● unchanged vs 12-2025 02-2026: < 0.1%● unchanged vs 01-2026 03-2026: < 0.1%● unchanged vs 02-2026 04-2026: < 0.1%● unchanged vs 03-2026 05-2026: < 0.1%● unchanged vs 04-2026 06-2026: < 0.1%● unchanged vs 05-2026lowest value 07-2026: < 0.1%● unchanged vs 06-2026 08-2026: < 0.1%● unchanged vs 07-2026 09-2026: < 0.1%● unchanged vs 08-2026 10-2026: < 0.1%● unchanged vs 09-2026 11-2026: < 0.1%● unchanged vs 10-2026

Credit of up to €40,000 on 30-day terms is acceptable

Liquidity is ample, with a current ratio of 1.54 (1.35 in 2024), above the usual 1.5. Short-term debt is 46.7% and cash 26.5% of total assets. However, 57.1% of the assets are financed with debt and provisions.

Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100	Excellent	under 0.55%
60-74	Healthy	0.55% to 1.5%
45-59	Fair	1.5% to 4.2%
25-44	Weak	4.2% to 15.0%
0-24	Critical	over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, small). It does better than 57% of them on solvency, 76% on liquidity, 53% on profitability and 36% on growth.

The bankruptcy probability was computed on 01-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.

lowers riskraises risk

Legal form: non-profit association

KBO

Liquidity: current ratio 1.54, cash €272,306

NBB · annual accounts

Sector: Specialised construction activities (NACE 43)

KBO

Founded in 1983

Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.

KBO

2025 accounts filed 20 days late

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 20-08-2026, 20 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.

NBB · 10 filings

Deviation from the deadline

2025

20 days late

2024

1 day early

2023

30 days late

2022

30 days late

2021

32 days early

2020

19 days early

2019

15 days early

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 2 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.

Searched, nothing found (2)

Next filing not due yet

The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 20 August (4 of the last 5 accounts filed within 30 days either side of that date).

Companies Code · seven months

Where today falls in the filing period

02-11-2026 today31-12-2026 year end31-07-2027 deadline

No strike-offs in the KBO publications

That holds for every publication since 2021.

KBO publications

Financials

Financials · financial year 2025, full format

2025 annual accounts filed 20 days after the deadline Filed on 20 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00410369.

Annual accounts 2025 filed on 20-08-2026 at the NBB all 20 filings

Turnover

≈ €6.6m

Estimated: probably between €5.0m and €8.8m

EBIT margin

Not included in this filing

Net result

€40,954▼ 29.0%

2024 · €57,692

Working capital

€261,492▲ 60.6%

2024 · €162,839

In the rankings #3 employer in Verviers, Construction sector #8 oldest company in Verviers, Construction sector

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €1.0m

27.8%

72.2%

Fixed assets €286,596 ▼ 17.5%

Current assets €742,540 ▲ 18.3%

Equity and liabilities €1.0m

42.9%

50.3%

Equity €441,043 ▲ 1.0%

Provisions €70,277 ▲ 115%

Debt €517,816 ▲ 2.4%

Debt's share of the balance-sheet total falls from 51.9% to 50.3%. Equity and debt are higher.

Key figures and ratios

2025 value · change against 2024

EBITDA

€152,497▼

2024 · €168,012

Cash flow

€152,151▼

2024 · €166,047

Debt to equity

1.17▲

2024 · 1.16

ROE

9.3%▼

2024 · 13.2%

Interest coverage

30.82▲

2024 · 28.04

Debt ≤ 1 year

€481,048▲

2024 · €464,908

Debt > 1 year

€23,786▼

2024 · €40,548

Staff costs

€2.2m▲

2024 · €2.1m

Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Staff

social balance sheet

Item	31-12-2021	31-12-2022	31-12-2023	31-12-2024	31-12-2025
Employees at the balance-sheet date	38	36	40	38	39
full-time	17	18	17	17	17
part-time	21	18	23	21	22
in full-time equivalents	30.6	29.8	31.9	32.1	32.3
Average over the year, in full-time equivalents	30.6	30.2	31.5	32.1	32.2
On a permanent contract	31	31	32	30	30
Joined	7	9	11	6	4
Left	6	11	7	8	3
Training hours	1,358	797	1,563	1,208	1,069

Source: social balance sheet in the 2021 to 2025 annual accounts

Investments

fixed assets acquired

Item	2021	2022	2023	2024	2025
Tangible fixed assets	€180,659	€87,791	€88,929	€59,974	€50,336
Financial fixed assets	-	€8,625	-	-	-
Depreciation and write-downs of the year	€144,532	€140,107	€132,158	€108,355	€111,197

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Subsidies and aid

Wallonia-Brussels Federation

2024 to 2025 · 3 entries · €813,621 in total

Year	Entries	Paid
2025	2	€419,851
2024	1	€393,770

Budget allocations

Sub. - PV : Crèches

1 entry · €393,770

Comparable companies

These companies have the same main activity as I.SO.C.E.L.E: other specialised construction activities (NACE 43990). They are comparable in size and age: total assets between €733,000 and €1.8m, founded between 1977 and 1998.

Company	Founded	Total assets	Equity	Gross margin	Net result	FTE	Financial year
I.SO.C.E.L.E Verviers	1983	€1.0m	€0.4m	€2.4m	€0.04m	32.2	2025
THE COMFORT COMPANY Bredene	1977	€0.9m	€0.2m	€1.9m	€0.04m	31.1	2025
BETOTEC Antwerpen	1991	€1.2m	€0.5m	€2.0m	€0.3m	26.1	2025
ACTION ET RECHERCHE CULTURELLES - VERVIERS Verviers	1986	€1.8m	€1.5m	€1.5m	-€0.03m	37.8	2025
Antoniou Brussel	1977	€0.7m	€0.4m	€1.4m	€0.04m	22.9	2025
ALDIVA - WORKS Antwerpen	1998	€1.3m	€0.8m	€2.3m	€0.3m	25.5	2025
VORSSELMANS MONTAGEBEDRIJF Wuustwezel	1995	€1.6m	€0.8m	€3.3m	€0.2m	39.3	2025

They were chosen from the 7,010 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity

Companies with the same profile, two years later

Historical observation

In July 2024, 14,766 companies had the same profile as I.SO.C.E.L.E has now. Two years later, 0.2% had gone bankrupt and 96.2% were still going.

Small
20 years or older
solvency 30% or more
a profit under 5% of the balance sheet

0.2% went bankrupt

3.5% stopped otherwise

96.2% was still going

Another 0.1% stopped without a precise date, possibly only after those two years.

That fits the bankruptcy probability of I.SO.C.E.L.E itself: < 0.1% within 12 months.

Test of the method

The method was tested on the 497,445 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the highest expected share
Group	Expected	Actual
1	0.2%	0.2%
2	0.3%	0.5%
3	0.5%	0.6%
4	0.7%	0.8%
5	0.9%	0.9%
6	1.3%	1.5%
7	1.6%	1.8%
8	1.8%	1.8%
9	3.0%	3.1%
10	5.6%	6.2%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 14,766 companies, not a prediction for I.SO.C.E.L.E. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Annual accounts

OverviewIncome statement Balance sheet Cash flow

Last 5 years All years

Filed annual accounts As filed with the NBB · 2025 against 2024 · 54 lines

Source: Annual accounts 2025 at the NBB, filed on 20-08-2026.

Balance sheet Code20242025

Assets

Total assets20/58€1.0m€1.0m▲

Fixed assets21/28€0.3m€0.3m▼

Tangible fixed assets22/27€0.3m€0.3m▼

Land and buildings22€0.3m€0.2m▼

Plant, machinery and equipment23€0.03m€0.02m▼

Furniture and vehicles24€0.03m€0.01m▼

Financial fixed assets28€0.02m€0.02m=

Current assets29/58€0.6m€0.7m▲

Amounts receivable within one year40/41€0.4m€0.4m▼

Trade receivables40€0.1m€0.08m▼

Other amounts receivable41€0.3m€0.3m▲

Current investments50/53-€0.1m

Cash at bank and in hand54/58€0.2m€0.3m▲

Deferred charges and accrued income490/1€0.007m€0.01m▲

Equity and liabilities

Total equity and liabilities10/49€1.0m€1.0m▲

Equity10/15€0.4m€0.4m▲

Reserves13€0.2m€0.2m=

Profit (loss) carried forward14€0.07m€0.1m▲

Investment grants15€0.1m€0.1m▼

Provisions and deferred taxes16€0.03m€0.07m▲

Provisions for liabilities and charges160/5€0.03m€0.07m▲

Environmental obligations163-€0.03m

Other liabilities and charges164/5€0.03m€0.04m▲

Amounts payable17/49€0.5m€0.5m▲

Amounts payable after more than one year17€0.04m€0.02m▼

Financial debts170/4€0.03m€0.01m▼

Other amounts payable178/9€0.01m€0.009m▼

Amounts payable within one year42/48€0.5m€0.5m▲

Current portion of amounts payable after more than one year42€0.02m€0.02m▼

Trade debts44€0.05m€0.04m▼

Suppliers440/4€0.05m€0.04m▼

Advances received on contracts in progress46€0.05m€0.05m▼

Taxes, remuneration and social security45€0.3m€0.4m▲

Taxes450/3€0.06m€0.06m▲

Remuneration and social security454/9€0.3m€0.3m▲

Accrued charges and deferred income492/3€293€0.01m▲

Income statement Code20242025

Non-recurring operating income76A€0.03m€0.001m▼

Remuneration, social security and pensions62€2.1m€2.2m▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.1m€0.1m▲

Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€0.004m

Other operating charges640/8€0.02m€0.01m▼

Non-recurring operating charges66A€0.003m€50▼

Gross operating margin9900€2.3m€2.4m▲

Operating profit (loss)9901€0.06m€0.04m▼

Financial income75/76B€0.004m€0.005m▲

Recurring financial income75€0.004m€0.005m▲

Financial charges65/66B€0.006m€0.005m▼

Recurring financial charges65€0.006m€0.005m▼

Profit (loss) for the period before taxes9903€0.06m€0.04m▼

Profit (loss) for the period9904€0.06m€0.04m▼

Profit (loss) for the period to be appropriated9905€0.06m€0.04m▼

Appropriation of the result

Profit (loss) to be appropriated9906€0.07m€0.1m▲

Profit (loss) brought forward from the previous period14P€0.01m€0.07m▲

Social balance sheet

Average headcount (FTE)908732.132.2▲

The notes to these accounts have 14 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Line	2018	2019	2020	2021	2022	2023	2024	2025	Change
Non-recurring operating income76A	-	-	-	€0.03m	€0.02m	€0.01m	€0.03m	€0.001m	▼ 96.8%
Remuneration, social security and pensions62	-	-	-	€1.4m	€1.8m	€1.9m	€2.1m	€2.2m	▲ 4.4%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630	€0.1m	€0.1m	€0.1m	€0.1m	€0.1m	€0.1m	€0.1m	€0.1m	▲ 2.6%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4	-	-	-	-	-	-	-	€0.004m	-
Other operating charges640/8	-	-	-	€0.01m	€0.01m	€0.01m	€0.02m	€0.01m	▼ 40.5%
Non-recurring operating charges66A	-	-	-	€0.02m	€0.002m	-	€0.003m	€50	▼ 98.2%
Gross operating margin9900	€1.4m	€1.5m	€1.5m	€1.5m	€1.9m	€2.1m	€2.3m	€2.4m	▲ 3.5%
Operating profit (loss)9901	€0.02m	€0.04m	€0.08m	-€0.08m	-€0.06m	€0.05m	€0.06m	€0.04m	▼ 30.8%
Financial income75/76B	-	-	-	€30	€122	€0.002m	€0.004m	€0.005m	▲ 14.3%
Recurring financial income75	€190	€151	€0	€30	€122	€0.002m	€0.004m	€0.005m	▲ 14.3%
Financial charges65/66B	-	-	-	€0.008m	€0.006m	€0.006m	€0.006m	€0.005m	▼ 17.4%
Recurring financial charges65	€0.01m	€0.01m	€0.008m	€0.008m	€0.006m	€0.006m	€0.006m	€0.005m	▼ 17.4%
Profit (loss) for the period before taxes9903	€0.01m	€0.03m	€0.09m	-€0.08m	-€0.06m	€0.05m	€0.06m	€0.04m	▼ 29.0%
Profit (loss) for the period9904	€0.02m	€0.03m	€0.09m	-€0.08m	-€0.06m	€0.05m	€0.06m	€0.04m	▼ 29.0%
Profit (loss) for the period to be appropriated9905	€0.02m	€0.03m	€0.09m	-€0.08m	-€0.06m	€0.05m	€0.06m	€0.04m	▼ 29.0%

Line	2018	2019	2020	2021	2022	2023	2024	2025	Change
Assets
Total assets20/58	€1.1m	€1.0m	€1.0m	€0.9m	€1.0m	€0.9m	€1.0m	€1.0m	▲ 5.5%
Fixed assets21/28	€0.6m	€0.5m	€0.5m	€0.5m	€0.4m	€0.4m	€0.3m	€0.3m	▼ 17.5%
Tangible fixed assets22/27	€0.6m	€0.5m	€0.4m	€0.5m	€0.4m	€0.4m	€0.3m	€0.3m	▼ 18.5%
Land and buildings22	-	-	-	€0.4m	€0.4m	€0.3m	€0.3m	€0.2m	▼ 13.8%
Plant, machinery and equipment23	-	-	-	€0.04m	€0.04m	€0.05m	€0.03m	€0.02m	▼ 34.0%
Furniture and vehicles24	-	-	-	€0.05m	€0.03m	-	€0.03m	€0.01m	▼ 50.0%
Financial fixed assets28	€0.01m	€0.02m	€0.02m	€0.02m	€0.02m	€0.02m	€0.02m	€0.02m	=
Current assets29/58	€0.5m	€0.5m	€0.6m	€0.4m	€0.5m	€0.5m	€0.6m	€0.7m	▲ 18.3%
Stocks and contracts in progress3	-	€0.02m	-	-	-	-	-	-	-
Amounts receivable within one year40/41	€0.3m	€0.2m	€0.2m	€0.2m	€0.3m	€0.4m	€0.4m	€0.4m	▼ 5.3%
Trade receivables40	-	-	-	€0.05m	€0.05m	€0.09m	€0.1m	€0.08m	▼ 19.4%
Other amounts receivable41	-	-	-	€0.2m	€0.2m	€0.3m	€0.3m	€0.3m	▲ 0.2%
Current investments50/53	€0.2m	€0.1m	€0.1m	€0.1m	€0.1m	-	-	€0.1m	-
Cash at bank and in hand54/58	€0.03m	€0.1m	€0.2m	€0.07m	€0.2m	€0.1m	€0.2m	€0.3m	▲ 11.8%
Deferred charges and accrued income490/1	-	-	-	€0.02m	€0.02m	€0.02m	€0.007m	€0.01m	▲ 75.9%
Equity and liabilities
Total equity and liabilities10/49	€1.1m	€1.0m	€1.0m	€0.9m	€1.0m	€0.9m	€1.0m	€1.0m	▲ 5.5%
Equity10/15	€0.5m	€0.5m	€0.6m	€0.5m	€0.4m	€0.4m	€0.4m	€0.4m	▲ 1.0%
Reserves13	-	-	-	€0.2m	€0.2m	€0.2m	€0.2m	€0.2m	=
Profit (loss) carried forward14	-€0.01m	€0.02m	€0.04m	€0.009m	-€0.04m	€0.01m	€0.07m	€0.1m	▲ 59.8%
Investment grants15	-	-	-	€0.2m	€0.2m	€0.2m	€0.1m	€0.1m	▼ 24.7%
Provisions and deferred taxes16	-	-	-	-	-	€0.003m	€0.03m	€0.07m	▲ 115%
Provisions for liabilities and charges160/5	-	-	-	-	-	€0.003m	€0.03m	€0.07m	▲ 115%
Environmental obligations163	-	-	-	-	-	-	-	€0.03m	-
Other liabilities and charges164/5	-	-	-	-	-	€0.003m	€0.03m	€0.04m	▲ 29.2%
Amounts payable17/49	€0.6m	€0.5m	€0.5m	€0.4m	€0.5m	€0.5m	€0.5m	€0.5m	▲ 2.4%
Amounts payable after more than one year17	€0.2m	€0.2m	€0.1m	€0.1m	€0.08m	€0.06m	€0.04m	€0.02m	▼ 41.3%
Financial debts170/4	-	-	-	€0.1m	€0.08m	€0.05m	€0.03m	€0.01m	▼ 52.8%
Other amounts payable178/9	-	-	-	€0.009m	€0.009m	€0.01m	€0.01m	€0.009m	▼ 5.3%
Amounts payable within one year42/48	€0.4m	€0.3m	€0.3m	€0.3m	€0.4m	€0.4m	€0.5m	€0.5m	▲ 3.5%
Current portion of amounts payable after more than one year42	-	-	-	€0.02m	€0.02m	€0.02m	€0.02m	€0.02m	▼ 27.9%
Trade debts44	€0.03m	€0.02m	€0.02m	€0.02m	€0.03m	€0.03m	€0.05m	€0.04m	▼ 15.1%
Suppliers440/4	-	-	-	€0.02m	€0.03m	€0.03m	€0.05m	€0.04m	▼ 15.1%
Advances received on contracts in progress46	-	-	-	€0.02m	€0.03m	€0.02m	€0.05m	€0.05m	▼ 8.8%
Taxes, remuneration and social security45	-	-	-	€0.3m	€0.3m	€0.3m	€0.3m	€0.4m	▲ 9.3%
Taxes450/3	-	-	-	€0.04m	€0.05m	€0.06m	€0.06m	€0.06m	▲ 4.1%
Remuneration and social security454/9	-	-	-	€0.2m	€0.3m	€0.3m	€0.3m	€0.3m	▲ 10.4%
Accrued charges and deferred income492/3	-	-	-	€0.001m	€0.03m	€0.01m	€293	€0.01m	▲ 44×

Line	2018	2019	2020	2021	2022	2023	2024	2025	Change
Profit (loss) for the period9904	€24,652	€29,984	€89,200	-€84,714	-€62,703	€49,724	€57,692	€40,954	▼ 29.0%
+ Depreciation and write-downs630	€96,090	€101,456	€99,502	€144,532	€140,107	€132,158	€108,355	€111,197	▲ 2.6%
Operating cash flow (approximation)	€120,742	€131,440	€188,701	€59,818	€77,405	€181,882	€166,047	€152,151	▼ 8.4%
Investment in fixed assets (approximation)	-	-€51,434	-€13,526	-€180,659	-€87,761	-€88,929	-€59,974	-€50,336	▲ 16.1%
Change in cash	-	€93,223	€106,666	-€157,560	€95,170	-€36,979	€117,846	€28,702	▼ 75.6%

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

Download as CSV

Latest 10 of 20 filings with the National Bank

Financial year	Type	Filed	Reference	Document
31-12-2025	full format	20-08-2026	2026-00410369	NBB
31-12-2024	full format	30-07-2025	2025-00351387	PDF
31-12-2023	full format	30-08-2024	2024-00433685	PDF
31-12-2022	full format	30-08-2023	2023-00401968	PDF
31-12-2021	full format	29-06-2022	2022-20115846	PDF
31-12-2020	full format	12-07-2021	2021-35400196	PDF
31-12-2019	full format	16-07-2020	2020-31500421	PDF
31-12-2018	full format	01-07-2019	2019-26600059	PDF
31-12-2017	full format	19-07-2018	2018-34800136	PDF
31-12-2016	full format	18-07-2017	2017-32700496	PDF

Show all 20 filings

Board & ownership

Directors

9 directors, last change in 2026

Board 9

Jacquemin Benoît

Director · since 22-05-2017 · listed in the 2022 annual accounts, filed on 30-08-2023

Current

Brayeur Nicole

Director · appointed in the act of 28-07-2023 · listed in the 2022 annual accounts, filed on 30-08-2023

Current

Detrembleur Phuilippe

Director · appointed in the act of 28-07-2023

Current

Jacquemin Louis

Director · appointed in the act of 28-07-2023 · listed in the 2022 annual accounts, filed on 30-08-2023

Current

Vanbelle Nathalie

Director · since 01-06-2023 · listed in the 2022 annual accounts, filed on 30-08-2023

Current

Jean-Pierre Geron

Director · appointed in the act of 16-07-2025

Current

Marie-Laure Wuidar

Director · appointed in the act of 16-07-2025

Current

Adelin Smeets

Director · appointed in the act of 13-07-2026

Current

Show all 9 directors

DETREMBLEUR Philippe

Director · listed in the 2022 annual accounts, filed on 30-08-2023

Current

Other functions 1

Philippe Bovy

Director (executive) · appointed in the act of 24-07-2024

Current

Office holders in the KBO →

Owners and capital

Owners

This non-profit association has no shareholders or capital.

Mandate history

14 people, 10 in office

All 14 In office 10 Ended 4

Board
Other function
began earlier

Mandates per person, with start and end dates
Name	Functions and periods
DETREMBLEUR Philippe	Director, since before 31-12-2022
Brayeur Nicole	Director, appointed in the act of 28-07-2023, still in office
Detrembleur Phuilippe	Director, appointed in the act of 28-07-2023, still in office
Jacquemin Benoît	Director, appointed in the act of 28-07-2023, still in office
Jacquemin Louis	Director, appointed in the act of 28-07-2023, still in office
Vanbelle Nathalie	Director, from 01-06-2023 to date
Jean-Pierre Geron	Director, appointed in the act of 16-07-2025, still in office
Marie-Laure Wuidar	Director, appointed in the act of 16-07-2025, still in office
Adelin Smeets	Director, appointed in the act of 13-07-2026, still in office
Philippe Bovy	Director (executive), appointed in the act of 24-07-2024, still in office
Catherine Pardaen	Director, appointed in the act of 28-07-2023, until 13-07-2026
Marie-Laure Wuidar Deigné	Director, until 13-07-2026
Kenler Philippe	Director, appointed in the act of 28-07-2023, until 24-07-2024
Gianni Drigo	Director (executive), until 31-05-2024

Show all 14 people Show the first 12See the board, name and registered office on a given date →

Network & group

Board mandates elsewhere

1 board mandate

Board mandates of I.SO.C.E.L.EI.SO.C.E.L.E sits on their board1

CENTRE REGIONAL DE VERVIERS POUR L'INTEGRATION DES PERSONNES ETRANGERES

1 location

Connections & network

9 current directors

Depth

The board mandates are listed under Board mandates elsewhere. The network lets you explore the same ties.

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

Timeline

Acts, filings and financial milestones

All 17Financial 3Gazette 4Filings 10

Deadline for the 2026 accounts: 31-07-2027

2026

20-08

NBB filing Annual accounts 2025 filedNBB

full format · 20 days late

13-07

Gazette deed Resignations: Marie-Laure Wuidar Deigné (director) and Catherine Pardaen (director)

Appointment: Adelin Smeets (director)11 points ▸

General meeting, 28-05-2026
Director resignation, Marie-Laure Wuidar Deigné (director)
Director resignation, Catherine Pardaen (director)
Director appointment, Adelin Smeets (director)
Board composition, Brayeur Nicole (membre de l'assemblée générale)
Board composition, Detrembleur Philippe (membre de l'assemblée générale)
Board composition, Geron Jean-Pierre (membre de l'assemblée générale)
Board composition, Jacquemin Benoît (membre de l'assemblée générale)
Board composition, Jacquemin Louis (membre de l'assemblée générale)
Board composition, Adelin Smeets (membre de l'assemblée générale)
Board composition, Vanbelle Nathalie (membre de l'assemblée générale)

Open the act in the Belgian Official Gazette

2025

30-07

NBB filing Annual accounts 2024 filedPDF

full format · 1 day before the deadline

16-07

Gazette deed Appointments: Marie-Laure Wuidar (director) and Jean-Pierre Geron (director)

11 points ▸

General meeting, 12-06-2025
Director appointment, Marie-Laure Wuidar (director)
Director appointment, Jean-Pierre Geron (director)
Board composition, Brayeur Nicole (director)
Board composition, Detrembleur Philippe (director)
Board composition, Jean-Pierre Geron (director)
Board composition, Jacquemin Benoît (director)
Board composition, Jacquemin Louis (director)
Board composition, Pardaen Catherine (director)
Board composition, Vanbelle Nathalie (director)
Board composition, Marie-Laure Wuidar (director)

Open the act in the Belgian Official Gazette

2024

30-08

NBB filing Annual accounts 2023 filedPDF

full format · 30 days late

24-07

Gazette deed Resignations: Kenler Philippe (director) and Gianni Drigo (director)

Appointment: Philippe Bovy (director) · Member of the association5 points ▸

General meeting, 30-05-2024
Director resignation, Kenler Philippe (director)
Member of the association, “membre de l'assemblée générale”, 30-05-2024 (deed in French), mentioned 6 times in the deed
Director appointment, Philippe Bovy (director (executive))
Director resignation, Gianni Drigo (director (executive))

Open the act in the Belgian Official Gazette

2023

31-12

Financial Back to profitnet €49,724

The net result is €49,724, after 2 loss-making years.

30-08

NBB filing Annual accounts 2022 filedPDF

full format · 30 days late

28-07

Gazette deed Appointments: Brayeur Nicole, Detrembleur Phuilippe and 5 others

8 points ▸

General meeting, 01-06-2023
Director appointment, Brayeur Nicole (director)
Director appointment, Detrembleur Phuilippe (director)
Director appointment, Jacquemin Benoît (director)
Director appointment, Jacquemin Louis (director)
Director appointment, Kenler Philippe (director)
Director appointment, Pardaen Catherine (director)
Director appointment, Vanbelle Nathalie (director)

Open the act in the Belgian Official Gazette

2022

29-06

NBB filing Annual accounts 2021 filedPDF

full format · 32 days before the deadline

2021

31-12

Financial Weakest financial yearnet -€84,714

The net result drops to -€84,714, the lowest from 2018 to 2025. It recovers the following year.

12-07

NBB filing Annual accounts 2020 filedPDF

full format · 19 days before the deadline

Show earlier events

2020

31-12

Financial Highest result from 2018 to 2025net €89,200 ▲197%

The operating result of €79,047 and the net result of €89,200 are both a record.

16-07

NBB filing Annual accounts 2019 filedPDF

full format · 15 days before the deadline

2019

01-07

NBB filing Annual accounts 2018 filedPDF

full format · 30 days before the deadline

2018

19-07

NBB filing Annual accounts 2017 filedPDF

full format · 12 days before the deadline

2017

18-07

NBB filing Annual accounts 2016 filedPDF

full format · 13 days before the deadline

Show all 20 filings

Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.

Sources:Publications in the Belgian Official Gazette Filings with the National Bank

History

I.SO.C.E.L.E was incorporated on 26 October 1983.¹ Total assets went from €1.1m in 2018 to €1.0m in 2025 and headcount from 27.8 to 32.2 full-time equivalents.²

Company details

Register details

Identity

KBO record

Name I.SO.C.E.L.E in French

Abbreviation ISOCELE in French

Enterprise number 0424.845.152

Legal form Non-profit association

Status Active, normale toestand

Founded 26-10-1983

Entity type Legal entity

Registered office and establishments

Registered office Rue Béribou 4, 4800 Verviers, Belgium

Establishment units I.SO.C.E.L.E, Rue Béribou 4, 4800 Verviers since 01-05-1984 · unit number 2.160.457.93788999 Other social work without accommodation

Rue de Franchimont 7, 4800 Verviers since 01-04-2007 · unit number 2.172.817.81688911 Day nurseries and crèches

Rue de Franchimont 23, 4800 Verviers since 01-04-2007 · unit number 2.172.818.01488999 Other social work without accommodation

Activities

NACEBEL 2025

VAT activities

43990 Other specialised construction activities main activity

49420 Removal services

81300 Landscape service activities

Social security (RSZ) activities

88999 Other social work without accommodation main activity

Codes under NACEBEL 2008

VAT activities

43999 Specialised construction activities main activity

49420 Land transport and transport via pipelines

81300 Landscape service activities

Social security (RSZ) activities

88999 Other social work without accommodation main activity

Codes under NACEBEL 2003

45250 main activity

01410

60241

Joint committee 329.02 Paritair Subcomité voor de socio-culturele sector van de Franstalige en Duitstalige Gemeenschap en het Waalse Gewest annual accounts 2025

Invoicing and payment

VAT number BE 0424.845.152

E-invoicing via Peppol

Reachable via Peppol

Peppol ID 0208:0424845152

Other Peppol ID 9925:BE0424845152

Registered 16-01-2026

Follow this company and you will hear the next morning if it leaves the Peppol register.

Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0424.845.152

Financial year and general meeting

Accounts at the NBB

Financial year end 31-12

Recognitions · licences · registrations

Recognised contractor

11 categories

I.SO.C.E.L.E ASBLapproval number 30745

D1 All shell construction and roofing-in of buildingsclass 1, up to €162,000
D4 Sound and heat insulation, light partitions, false ceilings and floorsclass 1, up to €162,000
D5 General joinery, timber roof trusses and stairsclass 1, up to €162,000
D10 Tilingclass 1, up to €162,000
D11 Plastering and renderingclass 1, up to €162,000
D13 Paintingclass 1, up to €162,000
D14 Glazingclass 1, up to €162,000
D15 Parquet flooringclass 1, up to €162,000

Show all 11 categories

D21 Cleaning and restoring facadesclass 1, up to €162,000
D25 Wall and floor coverings other than marble, parquet and tilesclass 1, up to €162,000
G5 Demolitionclass 1, up to €162,000

decision 12-11-2024

Food safety, FASFC

1 site

Verviersunit number 2.172.817.816

1 permission

Authorisation · Crèche (bereiding - distributie maaltijden) · since 19-06-2008

Sites & property

Location

registered office establishment approximate All 3 establishment units on the map

Buildings and parcels at the addresses

Ground area

7,658 m²

Building footprint

2,809 m²

Building volume

39,249 m³

Tallest building: 19.7 m.

Cadastral parcel	Region	Area	Buildings	Height / floors
63079E0014/00A000	Wallonia	6,243 m²	1 · 2,384 m²	19.7 m · 5
63573A0286/00H004	Wallonia	1,415 m²	1 · 425 m²	13.8 m · 4