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ISOFIRM

Active
Private limited companyfounded 20197 yrs activePikdorserspad 13, 1800 Vilvoorde, BelgiumKBO/BCE: BE 0727.762.987
Summary

ISOFIRM has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (-€1,137) and a net result of -€2,486. Equity is shrinking by ~36.1% per year across the filed fiscal years. Its solvency ranks better than 5% of 37948 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.2% (low).

Checked score

Score 2024
Axes · tick = 2023
Profitability0=
Solvency0▼-94
Growth32=
Track record100
Bankruptcy probability, 12 months
1.2% Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
balance sheet total too small for a liquidity verdict, and equity is negative.
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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 2024
Age of the figures
Age of the figures
21 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 7 years 0 10 y
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024
Equity per financial year
2021222324
2020 to 2024 · latest year -€1,137
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 01-07-2025, 30 days ahead of the deadline.
NBB · 5 filings
Deviation from the deadline
2025
not confirmed
2024
30 d early
2023
51 d early
2022
56 d early
2021
101 d early
2020
40 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 5 accounts on average 56 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

ISOFIRM was incorporated on 4 June 2019 as a Private limited company.1 Total assets fell from EUR 6,120 in 2020 to EUR 1,949 in 2023.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2020 and 2023

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Financials · fiscal year 2024, micro schema

Equity
-€1,137
2023 · €1,349
Total assets
€29▼ 98.5%
2023 · €1,949
Net result
-€2,486▲ 36.9%
2023 · -€3,940
Working capital
-€1,137
2023 · €1,349
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, 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-€1,597-€636€567▼ 10.9%-€3,766-€2,022▲ 46.3%
Net result-€1,650below the sector's middle half-€543below the sector's middle half€395below the sector's middle half▼ 27.3%-€3,940below the sector's middle half-€2,486below the sector's middle half▲ 36.9%
Equity€4,350below the sector's middle half-€4,893below the sector's middle half▲ 12.5%€5,288below the sector's middle half▲ 8.1%€1,349below the sector's middle half▼ 74.5%-€1,137below the sector's middle half
Total assets€6,120below the sector's middle half-€5,106below the sector's middle half▼ 16.6%€6,613below the sector's middle half▲ 29.5%€1,949below the sector's middle half▼ 70.5%€29below the sector's middle half▼ 98.5%
Debt€1,770-€213▼ 88.0%€1,325▲ 522%€601▼ 54.7%€1,166▲ 94.1%
Working capital€4,350-€4,893▲ 12.5%€5,288▲ 8.1%€1,349▼ 74.5%-€1,137
Solvency71.1%within the sector's middle half-95.8%above the sector's middle half▲ 24.7pp80.0%above the sector's middle half▼ 15.9pp
Staff (FTE)1
above within below the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€4,000-€2,000€0Operating result 2020: -€1,597-€1,597Net result 2020: -€1,650-€1,650Operating result 2021: €636€636Net result 2021: €543€543Operating result 2022: €567€567Net result 2022: €395€395Operating result 2023: -€3,766-€3,766Net result 2023: -€3,940-€3,940Operating result 2024: -€2,022-€2,022Net result 2024: -€2,486-€2,48620202021202220232024-€4,000-€2,000€0Operating result 2022: €567€567Net result 2022: €395€395Operating result 2023: -€3,766-€3,770Net result 2023: -€3,940-€3,940Operating result 2024: -€2,022-€2,020Net result 2024: -€2,486-€2,490202220232024
The operating result stays negative: a loss of €2,022 in 2024 against €3,766 in 2023; the loss shrinks.
Key figures and ratios
2024 value · change against 2023
Debt ≤ 1 year
€1,166▲
2023 · €601
Staff costs
€163▼
2023 · €7,064
Ratios withheld: a balance sheet total of €29 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 6,035 companies that looked in July 2024 the way this one looks now, 7.2% went bankrupt within 24 months and 82% are still going.

  • Micro
  • 5 to 10 years old
  • negative equity
  • a loss of 10% of the balance sheet or more
7.2% went bankrupt
8.2% stopped otherwise
82% still going

A further 2.2% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a lower bankruptcy probability: 1.2% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
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 6,035 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
Filed annual accounts As filed with the NBB · 2024 against 2023 · 31 lines
Balance sheet Code20232024
Assets
Total assets20/58€1,949€29▼
Current assets29/58€1,949€29▼
Stocks and contracts in progress3€1,395-
Stocks30/36€1,395-
Amounts receivable within one year40/41€331-
Trade receivables40€182-
Other amounts receivable41€150-
Cash at bank and in hand54/58€223€29▼
Equity and liabilities
Total equity and liabilities10/49€1,949€29▼
Equity10/15€1,349-€1,137▼
Contributions10/11€6,000€6,000=
Profit (loss) carried forward14-€4,651-€7,137▼
Amounts payable17/49€601€1,166▲
Amounts payable within one year42/48€601€1,166▲
Trade debts44€601€541▼
Suppliers440/4€601€541▼
Taxes, remuneration and social security45-€625
Taxes450/3-€625
Income statement Code20232024
Remuneration, social security and pensions62€7,064€163▼
Other operating charges640/8€509€524▲
Gross operating margin9900€3,808-€1,334▼
Operating profit (loss)9901-€3,766-€2,022▲
Financial income75/76B-€24
Recurring financial income75-€24
Financial charges65/66B€174€487▲
Recurring financial charges65€174€487▲
Profit (loss) for the period before taxes9903-€3,940-€2,486▲
Profit (loss) for the period9904-€3,940-€2,486▲
Profit (loss) for the period to be appropriated9905-€3,940-€2,486▲
Appropriation of the result
Profit (loss) to be appropriated9906-€4,651-€7,137▼
Profit (loss) brought forward from the previous period14P-€712-€4,651▼

The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20202021202220232024Change
Remuneration, social security and pensions62---€7,064€163▼ 97.7%
Other operating charges640/8-€125€473€509€524▲ 2.9%
Gross operating margin9900-€1,125€761€1,040€3,808-€1,334▼ 135%
Operating profit (loss)9901-€1,597€636€567-€3,766-€2,022▲ 46.3%
Financial income75/76B-€89--€24-
Recurring financial income75€119€89--€24-
Financial charges65/66B-€182€172€174€487▲ 180%
Recurring financial charges65€172€182€172€174€487▲ 180%
Profit (loss) for the period before taxes9903-€1,650€543€395-€3,940-€2,486▲ 36.9%
Profit (loss) for the period9904-€1,650€543€395-€3,940-€2,486▲ 36.9%
Profit (loss) for the period to be appropriated9905-€1,650€543€395-€3,940-€2,486▲ 36.9%
Line20202021202220232024Change
Assets
Total assets20/58€6,120€5,106€6,613€1,949€29▼ 98.5%
Current assets29/58€6,120€5,106€6,613€1,949€29▼ 98.5%
Stocks and contracts in progress3€2,362€2,889€4,318€1,395--
Stocks30/36-€2,889€4,318€1,395--
Amounts receivable within one year40/41€2,832€740€182€331--
Trade receivables40-€357€182€182--
Other amounts receivable41-€383-€150--
Cash at bank and in hand54/58€926€1,478€2,114€223€29▼ 87.1%
Equity and liabilities
Total equity and liabilities10/49€6,120€5,106€6,613€1,949€29▼ 98.5%
Equity10/15€4,350€4,893€5,288€1,349-€1,137▼ 184%
Contributions10/11-€6,000€6,000€6,000€6,000=
Profit (loss) carried forward14-€1,650-€1,107-€712-€4,651-€7,137▼ 53.4%
Amounts payable17/49€1,770€213€1,325€601€1,166▲ 94.1%
Amounts payable within one year42/48€1,770€213€1,325€601€1,166▲ 94.1%
Trade debts44€370€213€81€601€541▼ 9.9%
Suppliers440/4-€213€81€601€541▼ 9.9%
Taxes, remuneration and social security45--€1,244-€625-
Taxes450/3--€1,244-€625-
Line20202021202220232024Change
Profit (loss) for the period9904-€1,650€543€395-€3,940-€2,486▲ 36.9%
Operating cash flow (approximation)-€1,650€543€395-€3,940-€2,486▲ 36.9%
Change in cash-€552€636-€1,891-€194▲ 89.7%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
01-07
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
10-06
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial Weakest financial yearnet -€3,940
Net result drops to -€3,940, the lowest in the series; recovery starts the following year.
05-06
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2022
21-04
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial Back to profitnet €543
Net result €543 after one loss-making year.
31-12
Financial Liquidity times 7current ratio 23.99
Current ratio from 3.46 to 23.99; short-term debt falls from €1,770 to €213.
21-06
NBB filing Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts

We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
2 acts for this company are 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, Vilvoorde · 1 establishment unit since 2019
seat establishment The establishment unit on the map
Ground area
239 m²
Building footprint
95 m²
Volume, LiDAR
361 m³
Parcel 23643F0135/00T000, Flanders · tallest building 6.4 m, ±2 floors. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 establishment unit
ISOFIRM
Pikdorserspad 13, 1800 VilvoordeFreight transport by road
since 20192.290.039.940
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
23643F0135/00T000 Flanders 239 m² 1 · 95 m² 6.4 m · 2 fl.
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Similar companies · same sector, comparable size

Of 82,642 companies in sector 70200 we hold annual accounts for 52,626. 5,985 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
Founded04-06-2019
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
35150Electricity, gas, steam and air conditioning supply
41001General construction of residential buildings
46431Wholesale of electrical household appliances and audio-video equipment
47512Retail sale of household textiles and bedding
49410Freight transport by road
53200Other postal and courier activities
62900Other information technology and computer services
62100Computer programming
62200Computer consultancy and computer facilities management
63100Computing infrastructure, data processing, hosting and related activities
71121Engineering and related technical consultancy, excluding land surveyors
95210Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles
E-invoicing
Reachable via Peppol
Peppol ID 0208:0727762987
Also 9925:BE0727762987
Registered 26-11-2025

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.