ISOCAB CONSTRUCT
ActiveFrom the official registers: KBO 12 annual accounts at the National Bank publications in the Belgian Official Gazette
Summary
The computed 12-month bankruptcy probability of ISOCAB CONSTRUCT is 1.8% (moderate). The 2025 annual accounts show equity of €2.8m and a net result of €450,496. Equity is growing by about 5.1% per year across the filed financial years. Its solvency ranks better than 29% of 1,028 sector peers (NACE 41, financial year 2025). The company has been active since 2012 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Official details
KBO- Status
- Active since 21-11-2012 Normal situation
- Legal form
- Private limited company
- Registered office
- Zuidkaai 8, 8770 Ingelmunster
- Activity
- General construction of other non-residential buildings NACE 41003and 3 others
- Establishment unit
- 2.214.325.601 8770 Ingelmunster, since 21-11-2012
- Financial year end
- 31 December
- Peppol
- Reachable since 21-10-2026
Who decides
Board
- P.C.Managing director · permanent representative Pierre Castelein
- MalawiDaily manager · permanent representative Didier Staelens
- ENGELTJES,Hendrik DirkDirector · since 31-08-2023
- Cold Care Group B.V.Director · since 31-08-2023
- Auditor
- BV Baker Tilly Bedrijfsrevisoren
Shareholders
- IC-CONSTRUCT100%annual accounts 2025
- Cold Care Group MidCo BVconsolidatesannual accounts 2025
How it is doing
- Bankruptcy probabilitywithin 12 months
- 1.8%
Annual accounts 2025
- Turnover
- €26.9m
- ▼ 22.7%
- Profit
- €450,496
- ▼ 7.1%
- Equity
- €2.8m
- ▲ 19.5%
- Total assets
- €14.1m
- ▼ 8.4%
- Staff
- 65.5 FTE
- ▼ 0.3%
2025 accounts 14 days early
Filed on 17-07-2026at the National Bank
Why 54raises riskLiquidity: current ratio 1.16, cash €1,686, halved2 of the last 3 lateSector: Construction of residential and non-residential buildings (NACE 41)Equity €2.8m (19.5% of total assets)Show the evidence
Checked score
Score 2025
54
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 37% of its sector peers (NACE 41, medium-sized)
Financial strength · tick = 2024
Weak
Solvency
45+5
equity 19.5% of total assets
Liquidity
6+1
short-term debt 80.1% · cash 0.0%
Profitability
59=
return on assets 3.2%
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 2.4%
12-2024: 2.4%● unchanged vs 11-2024
01-2025: 2.4%● unchanged vs 12-2024
02-2025: 2.4%● unchanged vs 01-2025
03-2025: 2.4%● unchanged vs 02-2025
04-2025: 2.3%▼ -0.1 percentage points vs 03-2025
05-2025: 2.3%● unchanged vs 04-2025
06-2025: 2.5%▲ +0.2 percentage points vs 05-2025
07-2025: 2.9%▲ +0.4 percentage points vs 06-2025
08-2025: 3.5%▲ +0.6 percentage points vs 07-2025
09-2025: 4.0%▲ +0.5 percentage points vs 08-2025
10-2025: 5.5%▲ +1.5 percentage points vs 09-2025highest value
11-2025: 2.2%▼ -3.3 percentage points vs 10-2025
12-2025: 2.2%● unchanged vs 11-2025
01-2026: 2.2%● unchanged vs 12-2025
02-2026: 2.2%● unchanged vs 01-2026
03-2026: 2.2%● unchanged vs 02-2026
04-2026: 2.2%● unchanged vs 03-2026
05-2026: 2.2%● unchanged vs 04-2026
06-2026: 2.3%▲ +0.1 percentage points vs 05-2026
07-2026: 2.4%▲ +0.1 percentage points vs 06-2026
08-2026: 1.8%▼ -0.6 percentage points vs 07-2026lowest value
09-2026: 1.8%● unchanged vs 08-2026lowest value
10-2026: 1.8%● unchanged vs 09-2026
Credit of up to €140,000 on 30-day terms is acceptable
Liquidity tight (current ratio 1.16, compared with 1.09 in 2024, below the usual 1.5; short-term debt: 80.1% and cash: 0% of total assets), and 80.5% of the assets are financed with debt and provisions.
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 41, medium-sized): better than 35% on solvency, 9% on liquidity, 57% on profitability and 46% on growth.
The bankruptcy probability was computed on 31-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
Credit check for your own amount and term
Show the recommended maximum and see how the verdict changes with amount, term and advance.
Signals
Five signals.
raises riskneutral
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 17-07-2026, 14 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
14 days early
2024
62 days late
2023
422 days late
2022
37 days early
2021
16 days early
2020
48 days early
2019
52 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 45 days after the deadline; the sector median (NACE 41) for financial year 2024 is on the deadline day, and 46% of those companies filed late.
Searched, nothing found (2)
neutral · 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 1 October (3 of the last 3 filed years within 361 days of that day).
Companies Code · seven monthsWhere today falls in the filing period
01-11-2026 today31-12-2026 year end31-07-2027 deadline
Financials · financial year 2025, full format
In the rankings
#2 employer in Ingelmunster, Construction sector#2 company by total assets in Ingelmunster, Construction sector#3 company by equity in Ingelmunster, Construction sector
Latest annual accounts filed
Annual accounts 2025
- Financial year ended
- 31-12-2025
- Filed on
- 17-07-2026
- Format
- full format
- Reference
- 2026-00324956
Turnover
€26.9m▼ 22.7%
2024 · €34.9m
EBIT margin
1.9%▲ 0.2pp
2024 · 1.7%
Net result
€450,496▼ 7.1%
2024 · €484,924
Working capital
€1.8m▲ 49.9%
2024 · €1.2m
Trend over the years
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result has fallen three years in a row; 2025 is 13% below 2024 and is the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Turnover€26.9m
2025
Operating result€0.5m
2025
Net result€0.5m
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€14.1m
2025
Equity€2.8m
2025
Debt€11.4m
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€1.8m
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
EBIT margin1.9%
2025
Return on assets (ROA)3.2%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency19.5%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio1.16
2025
Average staff in full-time equivalents (FTE).
Staff (FTE)65.5
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 41, Construction of residential and non-residential buildings: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. 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 financial year before
favourable
unfavourable
Line2019202020212022202320242025
Turnover€33.8m-€26.0m▼ 23.1%€36.9m▲ 41.8%€38.0m▲ 2.9%€41.4m▲ 8.8%€34.9m▼ 15.7%€26.9m▼ 22.7%
Operating result€1.0m-€0.1m▼ 84.3%€2.1m▲ 14×€2.2m▲ 8.1%€0.8m▼ 63.4%€0.6m▼ 27.6%€0.5m▼ 12.8%
Net result€0.5m-€0.05mwithin the sector's middle half▼ 89.7%€1.4mabove the sector's middle half▲ 25×€1.6mabove the sector's middle half▲ 15.2%€0.5mabove the sector's middle half▼ 70.3%€0.5mabove the sector's middle half▲ 2.4%€0.5mabove the sector's middle half▼ 7.1%
EBIT margin2.8%-0.6%▼ 2.2pp5.6%▲ 5.0pp5.9%▲ 0.3pp2.0%▼ 3.9pp1.7%▼ 0.3pp1.9%▲ 0.2pp
Equity€2.1m-€2.1mabove the sector's middle half▲ 2.6%€2.8mabove the sector's middle half▲ 31.8%€3.9mabove the sector's middle half▲ 38.6%€4.4mabove the sector's middle half▲ 12.1%€2.3mabove the sector's middle half▼ 47.6%€2.8mwithin the sector's middle half▲ 19.5%
Total assets€15.0m-€11.2mabove the sector's middle half▼ 25.3%€12.7mabove the sector's middle half▲ 13.3%€18.1mabove the sector's middle half▲ 42.2%€17.4mabove the sector's middle half▼ 3.9%€15.4mabove the sector's middle half▼ 11.3%€14.1mabove the sector's middle half▼ 8.4%
Debt€12.9m-€9.1m▼ 29.8%€9.9m▲ 8.6%€14.1m▲ 43.5%€13.0m▼ 8.2%€13.1m▲ 1.1%€11.4m▼ 13.3%
Working capital€2.2m-€1.8mabove the sector's middle half▼ 16.2%€2.2mabove the sector's middle half▲ 17.8%€3.0mabove the sector's middle half▲ 40.9%€3.1mabove the sector's middle half▲ 2.7%€1.2mabove the sector's middle half▼ 60.7%€1.8mwithin the sector's middle half▲ 49.9%
Solvency13.9%-19.1%within the sector's middle half▲ 5.2pp22.3%within the sector's middle half▲ 3.1pp21.7%within the sector's middle half▼ 0.6pp25.3%within the sector's middle half▲ 3.6pp14.9%within the sector's middle half▼ 10.3pp19.5%within the sector's middle half▲ 4.6pp
Current ratio1.19-1.25within the sector's middle half▲ 0.061.26within the sector's middle half▲ 0.011.23within the sector's middle half▼ 0.031.24within the sector's middle half▲ 0.011.09within the sector's middle half▼ 0.151.16within the sector's middle half▲ 0.07
Return on assets (ROA)3.5%-0.5%within the sector's middle half▼ 3.1pp10.9%above the sector's middle half▲ 10.4pp8.8%within the sector's middle half▼ 2.1pp2.7%within the sector's middle half▼ 6.1pp3.1%within the sector's middle half▲ 0.4pp3.2%within the sector's middle half=
Staff (FTE)69-67.9above the sector's middle half▼ 1.6%67above the sector's middle half▼ 1.3%62.8above the sector's middle half▼ 6.3%61above the sector's middle half▼ 2.9%65.7above the sector's middle half▲ 7.7%65.5above the sector's middle half▼ 0.3%
above
within
below
the middle half of NACE 41, Construction of residential and non-residential buildings: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Why a figure moved sharply
- 2023 Net result -70% on 2022. This financial year ran 15 months, the previous one 12.
- 2021 Net result +2,435% on 2020. This financial year ran 15 months, the previous one 12.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €14.1m
Fixed assets
€986,085 ▼ 9.4%
Current assets
€13.1m ▼ 8.3%
Equity and liabilities €14.1m
Equity
€2.8m ▲ 19.5%
Provisions
€0 ▼ 100%
Debt
€11.4m ▼ 13.3%
Debt's share of the balance-sheet total falls from 85.0% to 80.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€754,827▼
2024 · €1.1m
Cash flow
€687,704▼
2024 · €1.0m
Quick ratio
0.80▼
2024 · 0.86
Debt to equity
4.13▼
2024 · 5.69
ROE
16.3%▼
2024 · 21.0%
Interest coverage
16.18▼
2024 · 19.85
Debt ≤ 1 year
€11.3m▼
2024 · €13.1m
Income taxes
€2,575▼
2024 · €2,856
Staff costs
€4.7m▲
2024 · €4.5m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 290 companies that looked in July 2024 the way this one looks now, 0.0% went bankrupt within 24 months and 96.9% are still going.
- Medium-sized
- 10 to 20 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
0.0%
went bankrupt
3.1%
stopped otherwise
96.9%
still going
For this company itself Checked computes a higher bankruptcy probability: 1.8% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 290 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | €37.5m | €38.9m | €41.8m | €33.3m | €29.1m | ▼ 12.5% |
| Turnover70 | €33.8m | €26.0m | €36.9m | €38.0m | €41.4m | €34.9m | €26.9m | ▼ 22.7% |
| Change in stocks of work in progress, finished goods and contracts in progress71 | - | - | €0.05m | €0.6m | -€0.1m | -€1.9m | €1.9m | - |
| Other operating income74 | - | - | €0.3m | €0.4m | €0.4m | €0.2m | €0.3m | ▲ 53.6% |
| Non-recurring operating income76A | - | - | €0.2m | €0.001m | €0.2m | €0.08m | €0 | ▼ 100% |
| Operating charges60/66A | - | - | €35.4m | €36.7m | €41.0m | €32.7m | €28.6m | ▼ 12.5% |
| Goods for resale, raw materials and consumables60 | - | - | €23.9m | €26.1m | €26.1m | €20.9m | €17.1m | ▼ 17.9% |
| Purchases600/8 | - | - | €24.0m | €26.1m | €26.2m | €21.0m | €17.0m | ▼ 18.7% |
| Change in stocks: decrease (increase)609 | - | - | -€0.06m | -€0.07m | -€0.1m | -€0.1m | €0.09m | - |
| Services and other goods61 | - | - | €5.8m | €6.1m | €8.9m | €6.7m | €6.4m | ▼ 5.5% |
| Remuneration, social security and pensions62 | - | - | €4.9m | €3.9m | €5.3m | €4.5m | €4.7m | ▲ 5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.2m | €0.4m | €0.7m | €0.5m | €0.6m | €0.5m | €0.2m | ▼ 54.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €0 | €0.02m | €0.02m | €0.02m | €0.07m | ▲ 310% |
| Other operating charges640/8 | - | - | €0.07m | €0.08m | €0.05m | €0.04m | €0.06m | ▲ 25.2% |
| Non-recurring operating charges66A | - | - | €0 | €0.01m | €163 | €0 | - | - |
| Operating profit (loss)9901 | €1.0m | €0.1m | €2.1m | €2.2m | €0.8m | €0.6m | €0.5m | ▼ 12.8% |
| Financial income75/76B | - | - | €0.07m | €0.06m | €0.07m | €0.01m | €0.01m | ▲ 3.9% |
| Recurring financial income75 | €0.03m | €0.06m | €0.07m | €0.06m | €0.07m | €0.01m | €0.01m | ▲ 3.9% |
| Income from current assets751 | - | - | €0.001m | €0.004m | €0.004m | €0.003m | €0.003m | = |
| Other financial income752/9 | - | - | €0.07m | €0.06m | €0.06m | €0.009m | €0.009m | ▲ 5.3% |
| Financial charges65/66B | - | - | €0.2m | €0.2m | €0.2m | €0.1m | €0.08m | ▼ 34.3% |
| Recurring financial charges65 | €0.2m | €0.1m | €0.2m | €0.2m | €0.2m | €0.1m | €0.08m | ▼ 34.3% |
| Debt charges650 | €0.01m | €0.03m | €0.07m | €0.06m | €0.1m | €0.06m | €0.05m | ▼ 16.7% |
| Other financial charges652/9 | - | - | €0.2m | €0.1m | €0.09m | €0.07m | €0.04m | ▼ 48.3% |
| Profit (loss) for the period before taxes9903 | €0.8m | €0.1m | €1.9m | €2.1m | €0.7m | €0.5m | €0.4m | ▼ 6.7% |
| Transfer from deferred taxes780 | - | - | €0.009m | €0.009m | €0.01m | €0.009m | €0.006m | ▼ 31.0% |
| Transfer to deferred taxes680 | - | - | €0.04m | €0 | - | - | - | - |
| Income taxes67/77 | €0.3m | €0.06m | €0.5m | €0.5m | €0.2m | €0.003m | €0.003m | ▼ 9.9% |
| Taxes670/3 | - | - | €0.5m | €0.5m | €0.2m | €0.003m | €0.003m | ▼ 12.3% |
| Tax adjustments and reversals of tax provisions77 | - | - | - | - | - | €81 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | €0.5m | €0.05m | €1.4m | €1.6m | €0.5m | €0.5m | €0.5m | ▼ 7.1% |
| Transfer from tax-exempt reserves789 | - | - | €0.03m | €0.03m | €0.4m | €0.03m | €0.02m | ▼ 31.0% |
| Transfer to tax-exempt reserves689 | - | - | €0.1m | €0 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €0.2m | €0.05m | €1.3m | €1.6m | €0.9m | €0.5m | €0.5m | ▼ 8.3% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €15.0m | €11.2m | €12.7m | €18.1m | €17.4m | €15.4m | €14.1m | ▼ 8.4% |
| Fixed assets21/28 | €1.1m | €2.1m | €2.4m | €2.0m | €1.4m | €1.1m | €1.0m | ▼ 9.4% |
| Intangible fixed assets21 | €0.004m | €0.002m | €0.03m | €0.02m | €0.02m | €0.01m | €0.004m | ▼ 62.5% |
| Tangible fixed assets22/27 | €0.4m | €1.4m | €1.7m | €1.3m | €0.8m | €0.4m | €0.3m | ▼ 22.5% |
| Plant, machinery and equipment23 | - | - | €0.03m | €0.03m | €0.06m | €0.1m | €0.1m | ▲ 10.3% |
| Furniture and vehicles24 | - | - | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | ▲ 3.7% |
| Leasing and similar rights25 | - | - | €1.4m | €1.0m | €0.5m | €0.1m | €0 | ▼ 100% |
| Other tangible fixed assets26 | - | - | €0.05m | €0.04m | €0.02m | €0.008m | €0.004m | ▼ 49.1% |
| Financial fixed assets28 | €0.7m | €0.7m | €0.7m | €0.7m | €0.7m | €0.7m | €0.7m | = |
| Affiliated companies280/1 | - | - | €0.7m | €0.7m | €0.7m | €0.7m | €0.7m | = |
| Amounts receivable281 | - | - | €0.7m | €0.7m | €0.7m | €0.7m | €0.7m | = |
| Current assets29/58 | €13.9m | €9.1m | €10.3m | €16.1m | €15.9m | €14.3m | €13.1m | ▼ 8.3% |
| Stocks and contracts in progress3 | €0.4m | €0.8m | €1.6m | €2.3m | €2.3m | €3.1m | €4.1m | ▲ 31.8% |
| Stocks30/36 | - | - | €0.9m | €0.9m | €1.0m | €1.1m | €1.1m | ▼ 8.0% |
| Raw materials and consumables30/31 | - | - | €0.9m | €0.9m | €1.0m | €1.1m | €1.1m | ▼ 8.0% |
| Contracts in progress37 | - | - | €0.8m | €1.4m | €1.2m | €2.0m | €3.0m | ▲ 54.9% |
| Amounts receivable within one year40/41 | €11.6m | €6.9m | €7.0m | €11.8m | €13.0m | €11.0m | €9.0m | ▼ 18.3% |
| Trade receivables40 | - | - | €6.3m | €11.0m | €11.7m | €9.6m | €6.3m | ▼ 34.4% |
| Other amounts receivable41 | - | - | €0.6m | €0.8m | €1.3m | €1.5m | €2.7m | ▲ 86.7% |
| Cash at bank and in hand54/58 | €1.3m | €0.7m | €1.7m | €2.0m | €0.6m | €0.2m | €0.002m | ▼ 99.1% |
| Deferred charges and accrued income490/1 | - | - | €0.006m | €0.009m | €0.03m | €0.02m | €0.03m | ▲ 76.2% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €15.0m | €11.2m | €12.7m | €18.1m | €17.4m | €15.4m | €14.1m | ▼ 8.4% |
| Equity10/15 | €2.1m | €2.1m | €2.8m | €3.9m | €4.4m | €2.3m | €2.8m | ▲ 19.5% |
| Contributions10/11 | €0.3m | - | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | = |
| Reserves13 | €0.4m | €0.4m | €0.5m | €0.5m | €0.4m | €0.4m | €0.4m | ▼ 4.5% |
| Non-distributable reserves130/1 | - | - | €0 | - | - | - | - | - |
| Reserves not available under the articles1311 | - | - | €0 | - | - | - | - | - |
| Tax-exempt reserves132 | - | - | €0.5m | €0.4m | €0.04m | €0.02m | €0 | ▼ 100% |
| Distributable reserves133 | - | - | €0.03m | €0.03m | €0.4m | €0.4m | €0.4m | = |
| Profit (loss) carried forward14 | €1.4m | €1.5m | €2.0m | €3.2m | €3.7m | €1.6m | €2.1m | ▲ 29.3% |
| Provisions and deferred taxes16 | - | - | €0.03m | €0.03m | €0.01m | €0.006m | €0 | ▼ 100% |
| Deferred taxes168 | - | - | €0.03m | €0.03m | €0.01m | €0.006m | €0 | ▼ 100% |
| Amounts payable17/49 | €12.9m | €9.1m | €9.9m | €14.1m | €13.0m | €13.1m | €11.4m | ▼ 13.3% |
| Amounts payable after more than one year17 | €1.1m | €1.8m | €1.7m | €1.0m | €0.1m | €0 | - | - |
| Financial debts170/4 | - | - | €1.7m | €1.0m | €0.1m | €0 | - | - |
| Leasing and similar obligations172 | - | - | €1.0m | €0.6m | €0.1m | €0 | - | - |
| Credit institutions173 | - | - | €0.7m | €0.4m | €0 | - | - | - |
| Amounts payable within one year42/48 | €11.7m | €7.3m | €8.2m | €13.1m | €12.8m | €13.1m | €11.3m | ▼ 13.7% |
| Current portion of amounts payable after more than one year42 | - | - | €0.6m | €0.6m | €0.4m | €0.1m | €0 | ▼ 100% |
| Financial debts43 | - | - | €1.6m | €1.7m | €0 | - | - | - |
| Credit institutions430/8 | - | - | €1.6m | €1.7m | €0 | - | - | - |
| Trade debts44 | €8.7m | €5.1m | €5.0m | €8.5m | €7.4m | €7.3m | €5.7m | ▼ 22.3% |
| Suppliers440/4 | - | - | €5.0m | €8.5m | €7.4m | €7.3m | €5.7m | ▼ 22.3% |
| Advances received on contracts in progress46 | - | - | €0.009m | €1.4m | €1.4m | €4.4m | €3.6m | ▼ 17.6% |
| Taxes, remuneration and social security45 | - | - | €0.4m | €0.3m | €0.2m | €0.2m | €0.2m | ▲ 26.6% |
| Taxes450/3 | - | - | €0.04m | €0.05m | €0.002m | €0.004m | €0.002m | ▼ 31.4% |
| Remuneration and social security454/9 | - | - | €0.4m | €0.3m | €0.2m | €0.2m | €0.2m | ▲ 27.8% |
| Other amounts payable47/48 | - | - | €0.5m | €0.5m | €3.4m | €1.1m | €1.8m | ▲ 57.4% |
| Accrued charges and deferred income492/3 | - | - | - | - | - | - | €0.06m | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.5m | €0.05m | €1.4m | €1.6m | €0.5m | €0.5m | €0.5m | ▼ 7.1% |
| + Depreciation and write-downs630 | €0.2m | €0.4m | €0.7m | €0.5m | €0.6m | €0.5m | €0.2m | ▼ 54.3% |
| Operating cash flow (approximation) | €0.7m | €0.4m | €2.1m | €2.1m | €1.1m | €1.0m | €0.7m | ▼ 31.5% |
| Investment in fixed assets (approximation) | - | -€1.4m | -€1.0m | -€0.09m | -€0.1m | -€0.2m | -€0.1m | ▲ 19.1% |
| Change in cash | - | -€0.6m | €1.0m | €0.3m | -€1.4m | -€0.4m | -€0.2m | ▲ 57.4% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 12 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 17-07-2026 | 2026-00324956 | NBB |
| 31-12-2024 | full format | 01-10-2025 | 2025-00529304 | |
| 31-12-2023 | full format | 26-09-2025 | 2025-00512065 | |
| 30-09-2022 | full format | 24-03-2023 | 2023-00046102 | |
| 30-09-2021 | full format | 14-04-2022 | 2022-20005223 | |
| 30-06-2020 | full format | 14-12-2020 | 2020-75500536 | |
| 30-06-2019 | full format | 10-12-2019 | 2019-76100094 | |
| 30-06-2018 | full format | 08-05-2019 | 2019-12800114 | |
| 30-06-2017 | full format | 19-12-2017 | 2017-72500413 | |
| 30-06-2016 | full format | 18-01-2017 | 2017-01900255 |
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Of the 2,413 active companies whose main activity is general construction of other non-residential buildings (NACE 41003), figures are known for 1,083. 368 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Subsidies and aid
Flemish government
2022 to 2025 · 8 entries · €57,150 awarded · €57,032 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 2 | €11,307 | €11,252 |
| 2024 | 2 | €14,833 | €14,783 |
| 2023 | 2 | €14,870 | €15,006 |
| 2022 | 2 | €16,140 | €15,991 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Directors
4 directors, 2 in day-to-day management, last change in 2026
Board 4
Current
P.C.
Current
Director · since 31-08-2023 · Private limited company · permanent representative: Pierre Castelein · in the 2025 annual accounts, filed on 17-07-2026
Malawi
Current
Director · appointed in the act of 21-09-2026 · Private limited company · permanent representative: Didier Staelens
Cold Care Group B.V.
Current
Day-to-day management 2
P.C.
Current
Gedelegeerd bestuurder belast met het dagelijks bestuur · appointed in the act of 20-09-2023 · Private limited company · permanent representative: Pierre Castelein
Malawi
Current
Day-to-day manager · appointed in the act of 21-09-2026 · Private limited company · permanent representative: Didier Staelens
Permanent representatives 2
Pierre Castelein
Current
Permanent representative · appointed in the act of 19-09-2023 · for P.C.
Didier Staelens
Current
Permanent representative · appointed in the act of 21-09-2026 · for Malawi
Statutory auditor 1
BV Baker Tilly Bedrijfsrevisoren
Current
Statutory auditor · appointed in the act of 21-09-2026
Mandate history
8 people, 5 in office
- Board
- Day-to-day management
- Statutory auditor
- began earlier
| Name | Functions and periods |
|---|---|
| P.C. |
|
| Cold Care Group B.V. |
|
| ENGELTJES,Hendrik Dirk |
|
| Malawi |
|
| BV Baker Tilly Bedrijfsrevisoren |
|
| VRC BEDRIJFSREVISOREN |
|
| Pierre Castelein |
|
| M.C. |
|
How the board is organised
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Two directors jointlydeed of 20-09-2023
- Board ruleHow the board is made up, meets and takes decisions.
- “Met of zonder beperking van duur, bestuursorgaan”“Vergoeding bestuurders, al dan niet ten kosteloze titel”deed of 19-09-2023 (in Dutch)
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Beslissing algemene vergadering in vormen vereist voor statutenwijziging, ontbinding”
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Vereffenaars, bestuurder(s) in functie als vereffenaar(s) krachtens statuten indien geen andere benoemd”
deed of 19-09-2023 (in Dutch)
Owners and capital
Owners
2 ownersChain of control
- Cold Care Group MidCo BVNL
- CEGAL INVEST
- IC-CONSTRUCT
- ISOCAB CONSTRUCT
Owners 2
-
100%
- Cold Care Group MidCo BVNLconsolidating parentconsolidates
Capital and shareholders
Capital over the years
- 19-09-2023 Capital stated in the deed · 300 shares
Shares according to the articles of association
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Aandelen en andere effecten uitgegeven door vennootschap”
- Other provisionsRules from the articles on subjects other than the board, the shares, the purpose and the meetings.
- Other provision: “Stortingsplicht, geheel van aandelen titularis”Other provision: “Nieuwe aandelen waarop in geld wordt ingeschreven, inbreng in geld met uitgifte nieuwe aandelen-recht van voorkeur”Other provision: “Op naam, aard van aandelen”Other provision: “Bevoegdheden bestuursorgaan-bijeenkomsten beraadslaging besluitvorming, ten minste helft leden aanwezig of vertegenwoordigd”Other provision: “Dagelijks bestuur, bestuursorgaan”Other provision: “Drie jaar, een of meerdere commissarissen”Other provision: “Schriftelijke algemene vergadering, bij authentieke akte te verlijden besluiten”Other provision: “Toegang algemene vergadering, als zodanig ingeschreven in register per categorie”Other provision: “Bestuurder,иначе aanwezige aandeelhouder met meeste aandelen,bij pariteit oudste, zittingen-processen-verbaal”Other provision: “Beraadslagingen, wettelijke en statutaire aandelen zonder stemrecht”Other provision: “Bestuursorgaan tijdens zitting, verdaging algemene vergadering”Other provision: “Bestemming winst-reserves, algemene vergadering op voorstel bestuursorgaan”Liquidation distribution: “Na aanzuivering schulden,lasten,kosten of consignatie en na evenwicht niet-volgestorte aandelen via bijkomende volstorting of…”Other provision: “Woonstkeuze, in buitenland wonende aandeelhouder,bestuurder,commissaris,vereffenaar,obligatiehouder”Other provision: “Rechtbank in wiens rechtsgebied zetel gevestigd,exclusief tenzij vennootschap uitdrukkelijk verzaakt, gerechtelijke bevoegdheid”Other provision: “Gemeen recht, geacht niet geschreven”
Articles of association, deed of 19-09-2023 (in Dutch)
Group and network
Connections & network
5 connected companiesThis company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
Linked via shared directors
CEGAL INVEST
via ENGELTJES,Hendrik Dirk · Director
→
COLD CARE SERVICES
via ENGELTJES,Hendrik Dirk · Director (not named in the articles)
→
HOSA
via ENGELTJES,Hendrik Dirk · Director
→
HAPATRIM
Shared corporate director
→
Show 1 more companies with a shared director
KRISKO
Shared corporate director
→
History
Acts, filings and financial milestones
Next filing, financial year 2026, expected by
2026
21-09
Gazette deed
Appointments: Malawi, P.C. and BAKER TILLY BEDRIJFSREVISOREN BVPermanent representatives: Didier Staelens and Pierre Castelein · Resignations: Pierre Castelein (director) and P.C. (day-to-day manager) · Declaration13 facts ▸
Gazette deed
Appointments: Malawi, P.C. and BAKER TILLY BEDRIJFSREVISOREN BV
Permanent representatives: Didier Staelens and Pierre Castelein · Resignations: Pierre Castelein (director) and P.C. (day-to-day manager) · Declaration13 facts ▸
- General meeting, 28-08-2026
- Director appointment, Malawi (director)
- Permanent representative, Didier Staelens (2 times)
- Declaration, “Alhier aanwezig en verklarend dit mandaat te aanvaarden en niet gebonden te zijn door enige verbodsbepaling dienaangaande.” (deed in Dutch)
- Director appointment, P.C. (director)
- Permanent representative, Pierre Castelein
- Director resignation, Pierre Castelein (director)
- Auditor appointment, BAKER TILLY BEDRIJFSREVISOREN BV (statutory auditor)
- Board meeting, 28-08-2026
- Director appointment, Malawi (day-to-day manager)
- Director appointment, Malawi (managing director)
- Director resignation, P.C. (day-to-day manager)
- +1 further fact in this act
17-07
financial year 2025 · full format
2025
2023
20-09
Gazette deed
Appointment: P.C. BV (gedelegeerd bestuurder belast met het dagelijks bestuur)Power of attorney4 facts ▸
Gazette deed
Appointment: P.C. BV (gedelegeerd bestuurder belast met het dagelijks bestuur)
Power of attorney4 facts ▸
- Board meeting, 31-08-2023
- Director appointment, P.C. BV (gedelegeerd bestuurder belast met het dagelijks bestuur)
- Power of attorney, Bieke Labeeuw
- Director in office, Bieke Labeeuw (director)
19-09
Gazette deed
Resignations: M.C. (director) and Pierre Castelein (director)Appointments: P.C., Cold Care Group B.V. and Engeltjes Hendrik Dirk · Permanent representatives: Pierre Castelein and Claaszen Bernardus Gerardus Petrus · Capital16 facts ▸
Gazette deed
Resignations: M.C. (director) and Pierre Castelein (director)
Appointments: P.C., Cold Care Group B.V. and Engeltjes Hendrik Dirk · Permanent representatives: Pierre Castelein and Claaszen Bernardus Gerardus Petrus · Capital16 facts ▸
- Capital
- Transfer restriction, “vijfde besluit, Eerste besluit” (deed in Dutch)
- Board rule, “vijfde besluit, Tweede besluit” (deed in Dutch)
- Amendment of the articles
- Director resignation, M.C. (director)
- Director resignation, Pierre Castelein (director)
- Director discharge, M.C.
- Director discharge, P.C.
- Director appointment, P.C. (director)
- Director appointment, Cold Care Group B.V. (director)
- Director appointment, Engeltjes Hendrik Dirk (director)
- Permanent representative, Pierre Castelein
- +4 further facts in this act
27-04
Gazette deed
Reappointment: Vander Donckt-Roobrouck-Christiaens (statutory auditor)2 facts ▸
Gazette deed
Reappointment: Vander Donckt-Roobrouck-Christiaens (statutory auditor)
2 facts ▸
- General meeting, 18-03-2023
- Auditor reappointment, Vander Donckt-Roobrouck-Christiaens (statutory auditor)
24-03
financial year 2022 · full format
2022
30-09
Financial
Highest result from 2019 to 2025net €1.6m ▲15.2%
Operating result €2.2m, net result €1.6m, both a record.
14-04
financial year 2021 · full format
2020
14-12
financial year 2020 · full format
30-06
Financial
Weakest financial yearnet €54,550 ▼89.7%
Net result drops to €54,550, the lowest in the series; recovery starts the following year.
Show earlier events
2019
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
Register details
Who it is
KBO recordName
ISOCAB CONSTRUCT in Dutch
Enterprise number
0501.531.174
Legal form
Private limited company
Status
Active, normale toestand
Founded
21-11-2012
Type
Legal entity
Where it is based
Registered office
Zuidkaai 8, 8770 Ingelmunster, Belgium
Establishments
1 establishment unit since 2012
What it does
NACEBEL 202541003
General construction of other non-residential buildings main activity
43230
Insulation installation
46190
Agents in non-specialised wholesale trade
52100
Warehousing and storage
Invoicing and payment
VAT number
BE 0501.531.174
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, with enterprise number 0501.531.174
Financial year and general meeting
Accounts at the NBBFinancial year end
31-12
Scores and ratios are computed by Checked and are not a credit decision.
Purpose, financial year and meetings according to the articles of association
What the company does
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- ISOCAB CONSTRUCT
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest, bestuursorgaan kan administratieve zetels,agentschappen,werkhuizen,stapelplaatsen,bijkantoren vestigen in België of…”
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Second Saturday of May at 11:00
Articles of association, deed of 19-09-2023 (in Dutch)
Environmental permits: No permit applications found in Flanders.
Sites & property
Registered office and establishments
1 establishment unit
ISOCAB CONSTRUCT
since 2012unit no. 2.214.325.601
Buildings and parcels at the address
Ground area
1.5 ha
Building footprint
1,797 m²
Building volume
10,107 m³
Parcel 36007C0642/00E003, Flanders · tallest building 7.5 m.
1 parcel
Flanders
1
(100%)
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 36007C0642/00E003 | Flanders | 1.5 ha | 1 · 1,797 m² | 7.5 m · 2 |