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 €72,812 and a net result of -€13,847. 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 €3,500 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
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Financials · fiscal year 2024, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€13,847
2023 · €7,343
Working capital
€64,518▼ 39.9%
2023 · €107,415
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-€22,531€26,272-€7,562€9,095-€13,065
Net result-€28,422€29,123-€11,154€7,343-€13,847
Equity€109,642▼ 20.6%€138,765▲ 26.6%€101,416▼ 26.9%€108,759▲ 7.2%€72,812▼ 33.1%
Total assets€512,448▼ 46.9%€570,060▲ 11.2%€436,305▼ 23.5%€337,123▼ 22.7%€360,075▲ 6.8%
Debt€402,807▼ 51.3%€431,296▲ 7.1%€334,889▼ 22.4%€228,364▼ 31.8%€287,263▲ 25.8%
Working capital€130,581▼ 17.5%€143,566▲ 9.9%€98,822▼ 31.2%€107,415▲ 8.7%€64,518▼ 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 €13,065 after €9,095 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €360,075
Fixed assets
€8,544 ▲ 536%
Current assets
€351,530 ▲ 4.7%
Equity and liabilities €360,075
Equity
€72,812 ▼ 33.1%
Debt
€287,263 ▲ 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
-€10,665▼
2023 · €10,345
Cash flow
-€11,447▼
2023 · €8,593
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
€287,012▲
2023 · €228,364
Income taxes
€844▲
2023 · €734
Staff costs
€95,604▲
2023 · €71,299
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 | - | €37,980 | €51,730 | €71,299 | €95,604 | ▲ 34.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,000 | €729 | €1,039 | €1,250 | €2,400 | ▲ 92.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | -€15,417 | - | - | - | - |
| Other operating charges640/8 | - | €286 | €465 | €1,484 | €22,812 | ▲ 1,437% |
| Gross operating margin9900 | €84,071 | €49,850 | €45,673 | €83,127 | €107,750 | ▲ 29.6% |
| Operating profit (loss)9901 | -€22,531 | €26,272 | -€7,562 | €9,095 | -€13,065 | ▼ 244% |
| Financial income75/76B | - | €4 | €27 | €9 | €141 | ▲ 1,510% |
| Recurring financial income75 | €1 | €4 | €27 | €9 | €141 | ▲ 1,510% |
| Financial charges65/66B | - | -€2,847 | €3,619 | €1,026 | €79 | ▼ 92.3% |
| Recurring financial charges65 | €5,892 | -€2,847 | €3,619 | €1,026 | €79 | ▼ 92.3% |
| Profit (loss) for the period before taxes9903 | -€28,422 | €29,123 | -€11,154 | €8,077 | -€13,003 | ▼ 261% |
| Income taxes67/77 | - | - | - | €734 | €844 | ▲ 15.0% |
| Profit (loss) for the period9904 | -€28,422 | €29,123 | -€11,154 | €7,343 | -€13,847 | ▼ 289% |
| Profit (loss) for the period to be appropriated9905 | -€28,422 | €29,123 | -€11,154 | €7,343 | -€13,847 | ▼ 289% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €512,448 | €570,060 | €436,305 | €337,123 | €360,075 | ▲ 6.8% |
| Fixed assets21/28 | - | €2,733 | €2,594 | €1,344 | €8,544 | ▲ 536% |
| Tangible fixed assets22/27 | - | €2,733 | €2,594 | €1,344 | €8,544 | ▲ 536% |
| Plant, machinery and equipment23 | - | - | - | - | €5,871 | - |
| Furniture and vehicles24 | - | €1,921 | €1,869 | €706 | €2,124 | ▲ 201% |
| Other tangible fixed assets26 | - | €813 | €725 | €638 | €550 | ▼ 13.7% |
| Current assets29/58 | €512,448 | €567,327 | €433,711 | €335,779 | €351,530 | ▲ 4.7% |
| Stocks and contracts in progress3 | €81,643 | €48,778 | €76,866 | €48,347 | €16,106 | ▼ 66.7% |
| Stocks30/36 | - | €48,778 | €76,866 | €48,347 | €16,106 | ▼ 66.7% |
| Amounts receivable within one year40/41 | €225,220 | €155,542 | €189,430 | €141,063 | €156,025 | ▲ 10.6% |
| Trade receivables40 | - | €147,928 | €177,758 | €110,153 | €153,103 | ▲ 39.0% |
| Other amounts receivable41 | - | €7,614 | €11,672 | €30,910 | €2,922 | ▼ 90.5% |
| Cash at bank and in hand54/58 | €196,640 | €356,438 | €162,869 | €136,866 | €178,913 | ▲ 30.7% |
| Deferred charges and accrued income490/1 | - | €6,569 | €4,546 | €9,503 | €486 | ▼ 94.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €512,448 | €570,060 | €436,305 | €337,123 | €360,075 | ▲ 6.8% |
| Equity10/15 | €109,642 | €138,765 | €101,416 | €108,759 | €72,812 | ▼ 33.1% |
| Contributions10/11 | - | €8,060 | €8,060 | €8,060 | €6,200 | ▼ 23.1% |
| Reserves13 | €56,410 | €56,410 | €30,215 | €37,558 | €17,318 | ▼ 53.9% |
| Distributable reserves133 | - | €56,410 | €30,215 | €37,558 | €17,318 | ▼ 53.9% |
| Profit (loss) carried forward14 | €45,172 | €74,295 | €63,141 | €63,141 | €49,294 | ▼ 21.9% |
| Amounts payable17/49 | €402,807 | €431,296 | €334,889 | €228,364 | €287,263 | ▲ 25.8% |
| Amounts payable after more than one year17 | €14,940 | €7,534 | - | - | - | - |
| Financial debts170/4 | - | €7,534 | - | - | - | - |
| Amounts payable within one year42/48 | €381,867 | €423,761 | €334,889 | €228,364 | €287,012 | ▲ 25.7% |
| Current portion of amounts payable after more than one year42 | - | €7,406 | €7,534 | - | - | - |
| Trade debts44 | €313,270 | €404,816 | €274,397 | €164,374 | €197,660 | ▲ 20.3% |
| Suppliers440/4 | - | €404,816 | €274,397 | €164,374 | €197,660 | ▲ 20.3% |
| Taxes, remuneration and social security45 | - | €11,540 | €28,073 | €63,990 | €41,060 | ▼ 35.8% |
| Taxes450/3 | - | €5,746 | €21,833 | €45,685 | €30,343 | ▼ 33.6% |
| Remuneration and social security454/9 | - | €5,793 | €6,239 | €18,305 | €10,717 | ▼ 41.5% |
| Other amounts payable47/48 | - | - | €24,885 | - | €48,292 | - |
| Accrued charges and deferred income492/3 | - | - | - | - | €251 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€28,422 | €29,123 | -€11,154 | €7,343 | -€13,847 | ▼ 289% |
| + Depreciation and write-downs630 | €3,000 | €729 | €1,039 | €1,250 | €2,400 | ▲ 92.0% |
| Operating cash flow (approximation) | -€25,422 | €29,852 | -€10,114 | €8,593 | -€11,447 | ▼ 233% |
| Investment in fixed assets (approximation) | - | - | -€900 | €0 | -€9,600 | - |
| Change in cash | - | €159,798 | -€193,569 | -€26,003 | €42,047 | ▲ 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.
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 €7,343
Net result €7,343 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 €29,123
Net result €29,123 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 -€28,422
Net result drops to -€28,422, 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.