INSULUX
The computed 12-month bankruptcy probability of INSULUX is 1.3% (low). The 2024 annual accounts show equity of €23k and a net result of €-15k. Equity is shrinking by ~11.5% per year across the filed fiscal years. Its solvency ranks better than 40% of 11078 sector peers (fiscal year 2024). The company has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €23k |
| Net result | €-15k |
| Better than sector | 40% |
| Active | 14 yrs |
Mixed profile: strong on stability, weaker on profitability.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
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The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 32.7% | 40.9% | |
| Net result | €-15k | €11k | |
| Equity | €23k | €34k | |
| Gross operating margin | €18k | €35k | |
| Staff costs | €247 | €24k |
| Fiscal year | 2024 |
|---|---|
| Revenue | - |
| EBITDA | €4k |
| Net profit | €-15k |
| Cash flow | €-185 |
| Staff costs | €247 |
| Income taxes | - |
| Dividends | - |
| Total assets | €69k |
| Equity | €23k |
| Debt | €46k |
| of which ≤ 1y | €24k |
| of which > 1y | €22k |
| Working capital | €-1k |
| Employees (FTE) | - |
| 2024 | |
|---|---|
| Current ratio | 0.95 |
| Quick ratio | 0.64 |
| Working capital ratio | -1.8% |
| Solvency | 32.7% |
| Debt / equity | 2.05 |
| Long-term debt ratio | 0.99 |
| Interest coverage | 0.96 |
| Gross margin | - |
| Net margin | - |
| ROA | -21.3% |
| ROE | -65.1% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €69k |
| Fixed assets | 21/28 | €46k |
| Tangible fixed assets | 22/27 | €46k |
| Financial fixed assets | 28 | €75 |
| Current assets | 29/58 | €23k |
| Stocks & contracts in progress | 3 | €7k |
| Amounts receivable within one year | 40/41 | €13k |
| Cash & bank | 54/58 | €2k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €69k |
| Equity | 10/15 | €23k |
| Contributions / capital | 10/11 | €20k |
| Reserves | 13 | €43k |
| Accumulated profits (losses) | 14 | €-40k |
| Amounts payable | 17/49 | €46k |
| Amounts payable after one year | 17 | €22k |
| Amounts payable within one year | 42/48 | €24k |
| Trade debts payable within one year | 44 | €5k |
| Income statement | ||
| Gross operating margin | 9900 | €18k |
| Operating result | 9901 | €-10k |
| Financial income | 75 | €3 |
| Financial charges | 65 | €4k |
| Result before taxes | 9903 | €-15k |
| Net result for the period | 9904 | €-15k |
| Result to be appropriated | 9905 | €-15k |
-
Mats-PropertiesLegal entityDirector· perm. rep.: Zavdrim MatajState Gazette act 25157284 (12-12-2025)Current21-11-2025 → present
-
Current01-07-2023 → present
Former directors (2)
-
Former- → 21-11-2025
-
Former01-06-2021 → 01-03-2022
2 events
- 01-03-2022 Resigned· Director
- 01-06-2021 Appointed· Director
| NACE primary | Specialised construction(43230) |
| Legal form | Private limited company(610) |
| Incorporation | 14-12-2011 |
| Status | Active |
| Postal code | 9070 |
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44013A0003/00A007 | Flanders | 96 m² | 1 · 95 m² | 11.0 m · 2 fl. |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
12-12-2025 1 director appointed, 1 resigning
- Zavdrim Mataj, Bestuurder
- Tom Van Theemsche, Bestuurder
Technical details
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"events": [
{
"kind": "director_out",
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"rrn": null,
"name": "Tom Van Theemsche",
"address": null,
"birth_date": null
},
"effective_date": "2025-11-21",
"evidence_quote": "de vergadering kennis heeft genomen van het ontslag als bestuurder van de heer Tom Van Theemsche, wonende te 9070 Destelbergen, Dendermondsesteenweg 67, en dit met ingang van 21/11/2025"
},
{
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"via_org": {
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"name": "MATS-PROPERTIES",
"address": null,
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},
"effective_date": "2025-11-21",
"evidence_quote": "de vergadering beslist heeft om de BV MATS-PROPERTIES, met zetel te 9000 Gent, Zwijnaardsesteenweg 2, ingeschreven in het rechtspersonenregister onder het nummer 1022.324.570, te benoemen als bestuurder met ingang van 21/11/2025"
}
],
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"act_meta": {
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"subject_company": {
"kbo": "0841.907.144",
"name_full": "INSULUX",
"legal_form": "BV"
}
}09-08-2023 Frederic Vandeghinste appointed as director
- Frederic Vandeghinste, Bestuurder
Technical details
{
"events": [
{
"kind": "director_in",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "Frederic Vandeghinste",
"address": null,
"birth_date": null
},
"effective_date": "2023-07-01",
"evidence_quote": "De algemene vergadering van 15 juni 2023 heeft beslist Frederic Vandeghinste te benoemen als bestuurder van de vennootschap en dit met ingang van 1 juli 2023."
}
],
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}16-03-2022 Sigried De Keersmaeker resigns as director
- Sigried De Keersmaeker, Bestuurder
Technical details
{
"events": [
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"birth_date": null
},
"effective_date": "2022-03-01",
"evidence_quote": "De algemene vergadering van 23 februari 2022 heeft beslist Sigried De Keersmaeker (NN 95.04.30-314.33) te ontslaan als bestuurder van de vennootschap en dit met ingang van 1 maart 2022."
}
],
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}09-08-2021 Sigried De Keersmaeker appointed as director
- Sigried De Keersmaeker, Bestuurder
Technical details
{
"events": [
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"role": "bestuurder",
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"rrn": null,
"name": "Sigried De Keersmaeker",
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},
"effective_date": "2021-06-01",
"evidence_quote": "De algemene vergadering van 31 mei 2021 heeft de benoeming aanvaard van een bijkomende bestuurder, Sigried De Keersmaeker (NN 95.04.30-314.33). Het mandaat gaat in op 1 juni 2021."
}
],
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}
}13-08-2014 Registered office moved within Destelbergen
- Dendermondesteenweg 67, 9070 Destelbergen → Dendermondesteenweg 75, 9070 Destelbergen
Technical details
{
"events": [
{
"kind": "zetel_transfer",
"seat_type": "statutaire",
"new_address": {
"city": "Destelbergen",
"region": null,
"street": "Dendermondesteenweg",
"country": "BE",
"postcode": "9070",
"box_number": null,
"street_number": "75"
},
"old_address": {
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"region": null,
"street": "Dendermondesteenweg",
"country": "BE",
"postcode": "9070",
"box_number": null,
"street_number": "67"
},
"effective_date": "2014-08-01",
"evidence_quote": "Met ingang van 01/08/2014 wordt de maatschappelijke zetel overgebracht naar Dendermondesteenweg 75 te 9070 te Destelbergen."
}
],
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}
}Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
| Legal nameNL | INSULUX |