ISOCONCEPT
ActiveSummary
ISOCONCEPT has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €73k and a net result of €-14k. Equity is shrinking by ~8.4% per year across the filed fiscal years. Its solvency ranks better than 33% of 3540 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability14▼-57
Solvency45▼-12
Growth32=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3.5k at 30 days acceptable
Liquidity tight (current ratio 1.22 against 1.47 in 2023; short-term debt: 79.7% and cash: 49.7% of total assets), and 79.8% of the assets are financed with debt.
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Signals
Five 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 2024Solvency, return and age of the figures
Solvency
20.2%
Return on assets
-3.8%
Age of the figures
21 mo
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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 95
Relative position
BE, all sectors
reference
Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles (NACE 95)
about 19% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 02-10-2025, 63 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
63 d late
2023
26 d late
2022
210 d late
2021
76 d late
2020
88 d late
2019
108 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
History
Financials · fiscal year 2024, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-14k
2023 · €7k
Working capital
€65k▼ 39.9%
2023 · €107k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€-23k€26k€-8k€9k€-13k
Net result€-28k€29k€-11k€7k€-14k
Equity€110k▼ 20.6%€139k▲ 26.6%€101k▼ 26.9%€109k▲ 7.2%€73k▼ 33.1%
Total assets€512k▼ 46.9%€570k▲ 11.2%€436k▼ 23.5%€337k▼ 22.7%€360k▲ 6.8%
Debt€403k▼ 51.3%€431k▲ 7.1%€335k▼ 22.4%€228k▼ 31.8%€287k▲ 25.8%
Working capital€131k▼ 17.5%€144k▲ 9.9%€99k▼ 31.2%€107k▲ 8.7%€65k▼ 39.9%
Staff (FTE)2.1▼ 36.4%1.1▼ 47.6%1▼ 9.1%1.5▲ 50.0%2▲ 33.3%
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €13k after €9k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €360k
Fixed assets
€9k ▲ 536%
Current assets
€352k ▲ 4.7%
Equity and liabilities €360k
Equity
€73k ▼ 33.1%
Debt
€287k ▲ 25.8%
Debt's share of the balance-sheet total rises from 67.7% to 79.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-11k▼
2023 · €10k
Cash flow
€-11k▼
2023 · €9k
Current ratio
1.22▼
2023 · 1.47
Quick ratio
1.17▼
2023 · 1.26
Debt to equity
3.95▲
2023 · 2.10
ROE
-19.0%▼
2023 · 6.8%
ROA
-3.8%▼
2023 · 2.2%
Interest coverage
-135.00▼
2023 · 10.08
Debt ≤ 1 year
€287k▲
2023 · €228k
Income taxes
€844▲
2023 · €734
Staff costs
€96k▲
2023 · €71k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €38k | €52k | €71k | €96k | ▲ 34.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3k | €729 | €1k | €1k | €2k | ▲ 92.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €-15k | - | - | - | - |
| Other operating charges640/8 | - | €286 | €465 | €1k | €23k | ▲ 1,437% |
| Gross operating margin9900 | €84k | €50k | €46k | €83k | €108k | ▲ 29.6% |
| Operating profit (loss)9901 | €-23k | €26k | €-8k | €9k | €-13k | ▼ 244% |
| Financial income75/76B | - | €4 | €27 | €9 | €141 | ▲ 1,510% |
| Recurring financial income75 | €1 | €4 | €27 | €9 | €141 | ▲ 1,510% |
| Financial charges65/66B | - | €-3k | €4k | €1k | €79 | ▼ 92.3% |
| Recurring financial charges65 | €6k | €-3k | €4k | €1k | €79 | ▼ 92.3% |
| Profit (loss) for the period before taxes9903 | €-28k | €29k | €-11k | €8k | €-13k | ▼ 261% |
| Income taxes67/77 | - | - | - | €734 | €844 | ▲ 15.0% |
| Profit (loss) for the period9904 | €-28k | €29k | €-11k | €7k | €-14k | ▼ 289% |
| Profit (loss) for the period to be appropriated9905 | €-28k | €29k | €-11k | €7k | €-14k | ▼ 289% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €512k | €570k | €436k | €337k | €360k | ▲ 6.8% |
| Fixed assets21/28 | - | €3k | €3k | €1k | €9k | ▲ 536% |
| Tangible fixed assets22/27 | - | €3k | €3k | €1k | €9k | ▲ 536% |
| Plant, machinery and equipment23 | - | - | - | - | €6k | - |
| Furniture and vehicles24 | - | €2k | €2k | €706 | €2k | ▲ 201% |
| Other tangible fixed assets26 | - | €813 | €725 | €638 | €550 | ▼ 13.7% |
| Current assets29/58 | €512k | €567k | €434k | €336k | €352k | ▲ 4.7% |
| Stocks and contracts in progress3 | €82k | €49k | €77k | €48k | €16k | ▼ 66.7% |
| Stocks30/36 | - | €49k | €77k | €48k | €16k | ▼ 66.7% |
| Amounts receivable within one year40/41 | €225k | €156k | €189k | €141k | €156k | ▲ 10.6% |
| Trade receivables40 | - | €148k | €178k | €110k | €153k | ▲ 39.0% |
| Other amounts receivable41 | - | €8k | €12k | €31k | €3k | ▼ 90.5% |
| Cash at bank and in hand54/58 | €197k | €356k | €163k | €137k | €179k | ▲ 30.7% |
| Deferred charges and accrued income490/1 | - | €7k | €5k | €10k | €486 | ▼ 94.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €512k | €570k | €436k | €337k | €360k | ▲ 6.8% |
| Equity10/15 | €110k | €139k | €101k | €109k | €73k | ▼ 33.1% |
| Contributions10/11 | - | €8k | €8k | €8k | €6k | ▼ 23.1% |
| Reserves13 | €56k | €56k | €30k | €38k | €17k | ▼ 53.9% |
| Distributable reserves133 | - | €56k | €30k | €38k | €17k | ▼ 53.9% |
| Profit (loss) carried forward14 | €45k | €74k | €63k | €63k | €49k | ▼ 21.9% |
| Amounts payable17/49 | €403k | €431k | €335k | €228k | €287k | ▲ 25.8% |
| Amounts payable after more than one year17 | €15k | €8k | - | - | - | - |
| Financial debts170/4 | - | €8k | - | - | - | - |
| Amounts payable within one year42/48 | €382k | €424k | €335k | €228k | €287k | ▲ 25.7% |
| Current portion of amounts payable after more than one year42 | - | €7k | €8k | - | - | - |
| Trade debts44 | €313k | €405k | €274k | €164k | €198k | ▲ 20.3% |
| Suppliers440/4 | - | €405k | €274k | €164k | €198k | ▲ 20.3% |
| Taxes, remuneration and social security45 | - | €12k | €28k | €64k | €41k | ▼ 35.8% |
| Taxes450/3 | - | €6k | €22k | €46k | €30k | ▼ 33.6% |
| Remuneration and social security454/9 | - | €6k | €6k | €18k | €11k | ▼ 41.5% |
| Other amounts payable47/48 | - | - | €25k | - | €48k | - |
| Accrued charges and deferred income492/3 | - | - | - | - | €251 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-28k | €29k | €-11k | €7k | €-14k | ▼ 289% |
| + Depreciation and write-downs630 | €3k | €729 | €1k | €1k | €2k | ▲ 92.0% |
| Operating cash flow (approximation) | €-25k | €30k | €-10k | €9k | €-11k | ▼ 233% |
| Investment in fixed assets (approximation) | - | - | €-900 | €0 | €-10k | - |
| Change in cash | - | €160k | €-194k | €-26k | €42k | ▲ 262% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
2025
02-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 63 days late
2024
26-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 26 days late
26-02
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 210 days late
2023
31-12
Financial
Back to profitnet €7k
Net result €7k after one loss-making year.
2022
15-10
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 76 days late
2021
31-12
Financial
Back to profitnet €29k
Net result €29k after one loss-making year.
27-10
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 88 days late
2020
31-12
Financial
Weakest financial yearnet €-28k
Net result drops to €-28k, the lowest in the series; recovery starts the following year.
16-11
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 108 days late
2019
09-10
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 70 days late
2018
27-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 58 days late
2017
28-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
23-09
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 54 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Courcelles · 1 establishment unit since 2006
Ground area
6,142 m²
Building footprint
769 m²
Volume, LiDAR
4,730 m³
2 parcels, Wallonia · tallest building 9.2 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
ISOCONCEPT
since 20062.151.324.002
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52322A0144/00G002 | Wallonia | 5,604 m² | 1 · 671 m² | 7.0 m · 2 fl. |
| 52492B0008/00P000 | Wallonia | 539 m² | 1 · 98 m² | 9.2 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 7,376 companies in sector 95311 we hold annual accounts for 2,961. 2,241 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded05-01-2006
Fiscal year end31-12
Activities, NACEBEL 2025
29201Manufacture of motor vehicles, trailers and semi-trailers
95311General maintenance and repair of cars and light vans (up to 3.5 tonnes)
Contact
Phone
0475/660201
Scores and ratios are computed by Checked and are not a credit decision.