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 3542 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 →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 95 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.
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.Band: the middle half (P25 to P75) of NACE 95, Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles, each year against the same schema; no band under 30 filings. Dashed line: the median.
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-€28,422below the sector's middle half€29,123within the sector's middle half-€11,154below the sector's middle half€7,343within the sector's middle half-€13,847below the sector's middle half
Equity€109,642within the sector's middle half▼ 20.6%€138,765within the sector's middle half▲ 26.6%€101,416within the sector's middle half▼ 26.9%€108,759within the sector's middle half▲ 7.2%€72,812within the sector's middle half▼ 33.1%
Total assets€512,448within the sector's middle half▼ 46.9%€570,060within the sector's middle half▲ 11.2%€436,305within the sector's middle half▼ 23.5%€337,123below the sector's middle half▼ 22.7%€360,075above the sector's middle half▲ 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%
Solvency21.4%within the sector's middle half▲ 7.1pp24.3%within the sector's middle half▲ 2.9pp23.2%within the sector's middle half▼ 1.1pp32.3%within the sector's middle half▲ 9.0pp20.2%within the sector's middle half▼ 12.0pp
Staff (FTE)2.1below the sector's middle half▼ 36.4%1.1below the sector's middle half▼ 47.6%1below the sector's middle half▼ 9.1%1.5below the sector's middle half▲ 50.0%2▲ 33.3%
above
within
below
the middle half (P25 to P75) of NACE 95, Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles, each year against the same schema; no band under 30 filings.
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.
Peer companies
Historical observationOf the 2,448 companies that looked in July 2024 the way this one looks now, 1.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 10 to 30%
- a small loss
1.4%
went bankrupt
5.0%
stopped otherwise
93%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 2,448 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 | 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 7,378 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
E-invoicing
Reachable via Peppol
Peppol ID
0208:0878379639
Also
9925:BE0878379639
Registered
08-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.