Losses
-€12,177 in two years
The 2024 and 2025 financial years closed with a loss. 2024 was the heaviest.
IsoCool
Lifetime
11 annual accounts with figures on one time axispeak €134,371 (2022)
€12,538▲ 8.6%
lowest -€15,771 (2016)
-€1,992▲ €8,192
peak €137,338 (2023)
€125,161▼ 1.6%
€114,837▼ 14.9%
peak 1 FTE (2018)
-not published
Board3 names since 2018
1 directorIsabel Davidt
Documentsfilings and deeds
31-07-2026on the last day
2025micro format
Loss of €1,992Cash from €39,124 to €26,921
Key points
from the 2025 annual accountsTurnover
≈ €120,000 estimated
The micro format states no turnover.
Position in the sector
-€1,992
Lower net result than 80% of companies in specialised construction. Sector median €10,189 · 35,113 companies.
Checked score
85
Excellent
Financially stronger than 41% of micro companies in specialised construction (NACE 43)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 47,693 companies (NACE 43, micro).
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.5%
01-2025: 0.5%● unchanged vs 12-2024
02-2025: 0.5%● unchanged vs 01-2025highest value
03-2025: 0.5%● unchanged vs 02-2025
04-2025: 0.4%▼ -0.1 percentage points vs 03-2025
05-2025: 0.4%● unchanged vs 04-2025
06-2025: 0.4%● unchanged vs 05-2025
07-2025: 0.4%● unchanged vs 06-2025
08-2025: 0.3%▼ -0.1 percentage points vs 07-2025
09-2025: 0.3%● unchanged vs 08-2025
10-2025: 0.3%● unchanged vs 09-2025
11-2025: 0.3%● unchanged vs 10-2025
12-2025: 0.2%▼ -0.1 percentage points vs 11-2025
01-2026: 0.2%● unchanged vs 12-2025
02-2026: 0.2%● unchanged vs 01-2026
03-2026: 0.2%● unchanged vs 02-2026lowest value
04-2026: 0.2%● unchanged vs 03-2026
05-2026: 0.2%● unchanged vs 04-2026
06-2026: 0.2%● unchanged vs 05-2026
07-2026: 0.2%● unchanged vs 06-2026
08-2026: 0.3%▲ +0.1 percentage points vs 07-2026
09-2026: 0.3%● unchanged vs 08-2026
10-2026: 0.3%● unchanged vs 09-2026
11-2026: 0.3%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Sector: Specialised construction activities (NACE 43)
lowers risk
Founded in 2014
Liquidity: current ratio 0.55, cash €26,921
Equity €125,161 (52.2% of total assets)
Calculation
The band follows from the bankruptcy probability. 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 43, micro). It does better than 57% of them on solvency, 54% on liquidity, 19% on profitability and 32% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 6,908 companies had the same profile as IsoCool has now. Each dot stands for 18 companies, two years later.
90.9%
were still trading
7.8%
stopped another way
1.1%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of IsoCool itself: 0.3% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,908 companies, not a prediction for IsoCool. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €10,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.55 (0.77 in 2024), below 1. Short-term debt is 20.6% and cash 11.2% of total assets. 47.8% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€1,992
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 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
27 days early
2023
6 days early
2022
28 days early
2021
31 days late
2020
22 days early
2019
69 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 2 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% 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 26 July (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0546854821
New director
Isabel Davidt appointed, Michaël Deprez resigned · Director discharge: Michaël Deprez · General meeting of 30-06-2023 · Gazette deed
Resignation: Geert Deprez (director)
Director discharge: Geert Deprez · General meeting of 28-02-2022 · Gazette deed
1 director appointed, 1 resignation, 1 reappointment
Resignation: DEPREZ Geert · Reappointment: DEPREZ Geert (director) · Appointment: DEPREZ Michael (director) · General meeting of 30-08-2021 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| IsoCool Waregem | €239,998 | €12,538 | 52.2% | - |
| ENERGIMMO INVEST Bilzen-Hoeselt | €226,837 | €9,790 | -12.9% | - |
| 2R2 CONSTRUCTION Rixensart | €175,274 | €16,090 | 32.7% | - |
| BIO SERVICES ENTREPRISE Fernelmont | €264,423 | €9,214 | 95.8% | - |
| ISOL 2.vert Remicourt | €192,765 | €18,844 | 50.3% | - |
| SOETAERS Alken | €242,616 | €17,069 | 75.1% | - |
| JJ KOELING Puurs-Sint-Amands | €204,432 | €17,753 | 3.4% | - |
These companies have the same main activity as IsoCool: insulation installation (NACE 43230). They are comparable in size and age: total assets between €175,000 and €264,000, founded between 2010 and 2015.
Official details
Source: KBO- Status
- Active since 25-02-2014Normal situation
- Activity
- Insulation installationNACE 43230and 1 other
- Establishment unit
- 2.261.706.6368790 Waregem, since 21-03-2016
- Financial year end
- 31 December
- Peppol
- Reachable since 31-10-2023
Annual accounts 2025
- €239,998▼ 8.4%
- Filing
- Filed on 31-07-2026, on the last day of the filing period
Insights on IsoCool
IsoCool files the micro format. That format states no turnover. The gross margin fell from €52,432 in 2015 to €12,538 in 2025.
The balance sheet grew most in 2016 through fixed assets, financed with long-term debt.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about IsoCool
- What is the company number of IsoCool?
- The company number of IsoCool is 0546.854.821. The VAT number is the same number with BE in front: BE 0546.854.821.
- Where is IsoCool based?
- The registered office is at Windhoek 18, 8790 Waregem.Company details
- What does IsoCool do?
- According to the KBO register, the main activity is insulation installation (NACE 43230).
- What is the legal form of IsoCool?
- IsoCool is a private limited company (BV).
- When was IsoCool founded?
- IsoCool was founded on 25-02-2014.
- Is IsoCool still active?
- Yes, IsoCool is an active enterprise in the KBO register.
- How many employees does IsoCool have?
- IsoCool had an average of 1.1 full-time equivalents in financial year 2022, according to the filed annual accounts.Financials
- What is the turnover of IsoCool?
- The turnover in financial year 2025 is ≈ €120,000. This figure is estimated from the gross margin of €12,538 and 32 comparable companies (NACE 43230). It probably lies between €67,000 and €270,000. It is a rough estimate.
- Is IsoCool profitable?
- In financial year 2025, IsoCool made a loss of €1,992.
- Where can I find the annual accounts of IsoCool?
- IsoCool filed 11 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of IsoCool due?
- IsoCool must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can trust this company with building work.Contractor check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark
See how customers, suppliers and banks see your own company and what to improve first.