ISOBEL CONSTRUCT

Active

Private limited companyfounded 201312 yrs activeBonekruidlaan 48, 1020 Brussel, BelgiumKBO/BCE: BE 0542.823.282

The computed 12-month bankruptcy probability of ISOBEL CONSTRUCT is 2.3% (moderate). The 2024 annual accounts show equity of €70k and a net result of €-10k. Equity is growing by ~15.9% per year across the filed fiscal years. Its solvency ranks better than 71% of 36377 sector peers (fiscal year 2024). The company has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

52 / 100

Fair▼ -48 vs 2023

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability0▼-78

Solvency100=

Growth52=

Stability100

Bankruptcy probability, 12 months

2.3% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €4k at 30 days acceptable

Liquidity ample (current ratio 2.86 against 4.21 in 2023), and 34.9% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

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 →

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

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 2024

Solvency, return and age of the figures

Solvency

65.1%

Return on assets

-9%

Age of the figures

20 mo

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 03-07-2025, 28 days ahead of the deadline.

NBB · 8 filings

Deviation from the deadline

2025

not confirmed

2024

28 d early

2023

51 d late

2022

64 d late

2019

138 d late

2018

149 d late

2017

514 d late

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Turnover

€187k▼ 58.0%

2018 · €445k

2018: €445k

2018 → 2019

EBIT margin

-22.6%▼ 20.1pp

2018 · -2.6%

2018: -2.6%

2018 → 2019

Net result

€-10k

2023 · €12k

2018: €-15k 2019: €-40k 2022: €146 2023: €12k

2018 → 2024

Working capital

€70k▼ 10.9%

2023 · €78k

2018: €3k 2019: €-27k 2022: €65k 2023: €78k

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20182019202220232024Trend

Turnover€445k-€187k▼ 58.0%

Equity€25k-€-15k€67k€80k▲ 18.6%€70k▼ 12.1%

Operating result€-11k-€-42k▼ 273%€3k€16k▲ 447%€-4k

Net result€-15k-€-40k▼ 166%€146€12k▲ 8,416%€-10k

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result turns negative in 2024: a loss of €4k after €16k in 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €108k

99.8%

Fixed assets €196▼ 84.9%

Current assets €107k▲ 4.5%

Equity and liabilities €108k

65.1%

34.9%

Equity €70k▼ 12.1%

Debt €38k▲ 53.8%

The debt ratio rises from 23.4% to 34.9%: debt grows while equity shrinks.

Key figures and ratios

2024 value · change against 2023

EBITDA

€-3k▼

2023 · €18k

Cash flow

€-9k▼

2023 · €14k

Solvency

65.1%▼

2023 · 76.6%

Current ratio

2.86▼

2023 · 4.21

Quick ratio

2.86▼

2023 · 4.21

Debt / equity

0.54▲

2023 · 0.31

ROE

-13.8%▼

2023 · 15.7%

ROA

-9.0%▼

2023 · 12.0%

Interest coverage

-1.72▼

2023 · 13.25

Debt

€38k▲

2023 · €24k

Debt ≤ 1 year

€38k▲

2023 · €24k

Income taxes

€7k▲

2023 · €5k

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 · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€104k€108k▲

Fixed assets21/28€1k€196▼

Tangible fixed assets22/27€1k€196▼

Furniture and vehicles24€1k€196▼

Current assets29/58€103k€107k▲

Amounts receivable within one year40/41€96k€107k▲

Trade receivables40€54k€60k▲

Other amounts receivable41€42k€47k▲

Cash at bank and in hand54/58€7k€12▼

Equity and liabilities

Total equity and liabilities10/49€104k€108k▲

Equity10/15€80k€70k▼

Contributions10/11€100€100=

Reserves13€12k€12k=

Non-distributable reserves130/1€12k€12k=

Reserves not available under the articles1311€12k€12k=

Profit (loss) carried forward14€68k€58k▼

Amounts payable17/49€24k€38k▲

Amounts payable within one year42/48€24k€38k▲

Current portion of amounts payable after more than one year42€3k-

Financial debts43€3k€6k▲

Credit institutions430/8€3k€6k▲

Trade debts44€8k€26k▲

Suppliers440/4€8k€26k▲

Advances received on contracts in progress46€2k€2k=

Taxes, remuneration and social security45€8k€4k▼

Taxes450/3€6k€4k▼

Remuneration and social security454/9€2k-

Income statement Code20232024

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€1k▼

Other operating charges640/8€3k€1k▼

Gross operating margin9900€20k€-1k▼

Operating profit (loss)9901€16k€-4k▼

Financial income75/76B€2k€3k▲

Recurring financial income75€2k€3k▲

Financial charges65/66B€1k€1k▲

Recurring financial charges65€1k€1k▲

Profit (loss) for the period before taxes9903€17k€-3k▼

Income taxes67/77€5k€7k▲

Profit (loss) for the period9904€12k€-10k▼

Profit (loss) for the period to be appropriated9905€12k€-10k▼

Appropriation of the result

Profit (loss) to be appropriated9906€68k€58k▼

Profit (loss) brought forward from the previous period14P€55k€68k▲

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 12Financial 4Filings 8

2025

03-07

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

20-09

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 51 days late

2023

31-12

Financial Highest result since 2018net €12k ▲8416%

Operating result €16k, net result €12k, both a record.

03-10

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 64 days late

2022

31-12

Financial Back to profitnet €146

Net result €146 after 2 loss-making years.

31-12

Financial Liquidity times 18current ratio 2.95

Current ratio from 0.16 to 2.95.

2020

16-12

NBB filing Annual accounts filed

fiscal year 2019 · micro schema · 138 days late

2019

31-12

Financial Weakest financial yearnet €-40k

Net result drops to €-40k, the lowest in the series; recovery starts the following year.

27-12

NBB filing Annual accounts filed

fiscal year 2018 · micro schema · 149 days late

27-12

NBB filing Annual accounts filed

fiscal year 2017 · micro schema · 514 days late

2018

02-01

NBB filing Annual accounts filed

fiscal year 2016 · micro schema · 155 days late

2016

09-11

NBB filing Annual accounts filed

fiscal year 2015 · full schema · 101 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.

Location & real-estate footprint

Registered office, Brussel · 1 establishment unit since 2013

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.

Bonekruidlaan 481020 Brussel

Ground area

443 m²

Building footprint

568 m²

Volume, LiDAR

974 m³

2 parcels, Brussels, Wallonia · tallest building 9.8 m, ±3 floors. Linked by address, not a title deed.

1 establishment unit

Isobel Construct

Rue de l'Equipée 24c, 7181 SeneffeCivil engineering

since 20132.225.991.929

2 parcels

Wallonia 1 (50%) Brussels 1 (50%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21819C0189/00B003	Brussels	358 m²	1 · 113 m²	9.8 m · 3 fl.
52003B0916/00E000	Wallonia	85 m²	1 · 455 m²	-

Linked by address, not proof of ownership

Methodology

via registered seat: 1 · via establishment units: 1

2 of 2 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Similar companies · same sector, comparable size

Fire Protection Services

Hamont-Achel · Eq €71k

TEAM 3D RENOVATION

BE 0462.055.243

Mons · Eq €69k

Of 4,240 companies in sector 43230 we hold annual accounts for 1,230. 1,031 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded09-12-2013

Fiscal year end31-12

Activities, NACEBEL

43230Insulation installation

43291Specialised construction activities

43120Site preparation

Sources

Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers

Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.