INSULUX
ActiveThe computed 12-month bankruptcy probability of INSULUX is 2.5% (moderate). The 2025 annual accounts show negative equity (€-2k) and a net result of €-16k. Equity is shrinking by ~19.8% per year across the filed fiscal years. Its solvency ranks better than 5% of 27711 sector peers (fiscal year 2025). The company has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
26
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-8
Solvency0▼-58
Growth58=
Track record100
Bankruptcy probability, 12 months
2.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
balance sheet total too small for a liquidity verdict, and equity is negative.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 2025Age of the figures
Age of the figures
9 mo
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 →
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 · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €-2k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-07-2026, 4 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
4 d early
2024
28 d late
2023
29 d late
2022
25 d late
2021
32 d early
2020
1 d early
2019
18 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-2k
2024 · €23k
2018: €47k
2019: €60k
2020: €64k
2021: €69k
2022: €30k
2023: €37k
2024: €23k
2018 → 2025
Total assets
€90▼ 99.9%
2024 · €69k
2018: €99k
2019: €81k
2020: €82k
2021: €95k
2022: €97k
2023: €100k
2024: €69k
2018 → 2025
Net result
€-16k▼ 6.1%
2024 · €-15k
2018: €-18k
2019: €13k
2020: €4k
2021: €4k
2022: €-39k
2023: €7k
2024: €-15k
2018 → 2025
Working capital
€-2k▼ 63.4%
2024 · €-1k
2018: €38k
2019: €42k
2020: €41k
2021: €55k
2022: €8k
2023: €13k
2024: €-1k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€69k-€30k▼ 56.5%€37k▲ 24.3%€23k▼ 39.4%€-2k
Operating result€8k-€-36k€11k€-10k€-13k▼ 28.4%
Net result€4k-€-39k€7k€-15k€-16k▼ 6.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €13k in 2025 against €10k in 2024; the loss grows.
Key figures and ratios
EBITDA
€-13k▼
2024 · €4k
Cash flow
€-16k▼
2024 · €-185
Interest coverage
-5.26▼
2024 · 0.96
Debt
€2k▼
2024 · €46k
Debt ≤ 1 year
€2k▼
2024 · €24k
Debt > 1 year
€0▼
2024 · €22k
Staff costs
€0▼
2024 · €247
Ratios withheld: a balance sheet total of €90 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€69k€90▼
Fixed assets21/28€46k€0▼
Tangible fixed assets22/27€46k€0▼
Plant, machinery and equipment23€3k€0▼
Furniture and vehicles24€22k€0▼
Leasing and similar rights25€21k€0▼
Financial fixed assets28€75€0▼
Current assets29/58€23k€90▼
Stocks and contracts in progress3€7k€0▼
Stocks30/36€7k€0▼
Amounts receivable within one year40/41€13k€0▼
Trade receivables40€13k€0▼
Other amounts receivable41€95€0▼
Cash at bank and in hand54/58€2k€90▼
Deferred charges and accrued income490/1€668€0▼
Equity and liabilities
Total equity and liabilities10/49€69k€90▼
Equity10/15€23k€-2k▼
Contributions10/11€20k€20k=
Reserves13€43k€1k▼
Distributable reserves133€43k€1k▼
Profit (loss) carried forward14€-40k€-23k▲
Amounts payable17/49€46k€2k▼
Amounts payable after more than one year17€22k€0▼
Financial debts170/4€22k€0▼
Amounts payable within one year42/48€24k€2k▼
Current portion of amounts payable after more than one year42€14k€0▼
Trade debts44€5k€290▼
Suppliers440/4€5k€290▼
Taxes, remuneration and social security45€3k€399▼
Taxes450/3€2k€399▼
Remuneration and social security454/9€1k€0▼
Other amounts payable47/48€2k€1k▼
Income statement
Code20242025
Non-recurring operating income76A-€9k
Remuneration, social security and pensions62€247€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14k€0▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€11k€0▼
Other operating charges640/8€2k€3k▲
Non-recurring operating charges66A-€10k
Gross operating margin9900€18k€-611▼
Operating profit (loss)9901€-10k€-13k▼
Financial income75/76B€3€0▼
Recurring financial income75€3€0▼
Financial charges65/66B€4k€2k▼
Recurring financial charges65€4k€2k▼
Profit (loss) for the period before taxes9903€-15k€-16k▼
Profit (loss) for the period9904€-15k€-16k▼
Profit (loss) for the period to be appropriated9905€-15k€-16k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-40k€-56k▼
Profit (loss) brought forward from the previous period14P€-26k€-40k▼
Transfer from equity791/2-€42k
Profit to be distributed694/7-€9k
Return on contributions (dividend)694-€9k
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
27-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-12
Financial
Back to profitnet €7k
Net result €7k after one loss-making year.
25-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 25 days late
2022
31-12
Financial
Weakest financial yearnet €-39k ▼977%
Net result drops to €-39k, the lowest in the series; recovery starts the following year.
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
13-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €13k
Net result €13k after one loss-making year.
25-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
02-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
27-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2025
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
21-11-2025
Tom Van Theemsche: Resigned as Director
01-03-2022
Sigried De Keersmaeker: Resigned as Director
Location & real-estate footprint
Registered office, Destelbergen · 1 establishment unit since 2011
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.
Dendermondesteenweg 759070 DestelbergenGround area
96 m²
Building footprint
95 m²
Volume, LiDAR
615 m³
Parcel 44013A0003/00A007, Flanders · tallest building 11.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Insulux
since 20112.205.649.742
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44013A0003/00A007 | Flanders | 96 m² | 1 · 95 m² | 11.0 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.
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 102 EUR awarded · 102 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 102 EUR | 102 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 4,270 companies in sector 43230 we hold annual accounts for 1,240. 891 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded14-12-2011
Fiscal year end31-12
Activities, NACEBEL
43230Insulation installation
43291Specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 14 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.