Isofoam
ActiveIsofoam has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.47M and a net result of €605k. Equity is shrinking by ~3.4% per year across the filed fiscal years. Its solvency ranks better than 33% of 2041 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
64
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability84▼-5
Solvency55▼-3
Growth33=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €90k at 30 days acceptable
Liquidity tight (current ratio 1.24 against 1.18 in 2024; short-term debt: 67.8% and cash: 10.2% of total assets), and 69.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
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 · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
30.2%
Return on assets
12.4%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €1.47M
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 01-07-2026, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
30 d early
2024
24 d early
2023
58 d late
2022
25 d early
2021
60 d late
2020
30 d late
2019
31 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€9.94M▼ 0.8%
2023 · €10.01M
2018: €9.61M
2019: €10.05M
2020: €9.43M
2021: €9.20M
2022: €8.37M
2023: €10.01M
2018 → 2024
EBIT margin
10.1%▲ 6.5pp
2023 · 3.6%
2018: 13.7%
2019: 11.8%
2020: 6.9%
2021: -0.1%
2022: 3.3%
2023: 3.6%
2018 → 2024
Net result
€605k▼ 35.5%
2024 · €938k
2018: €971k
2019: €879k
2020: €541k
2021: €59k
2022: €298k
2023: €755k
2024: €938k
2018 → 2025
Working capital
€798k▲ 86.2%
2024 · €429k
2018: €907k
2019: €582k
2020: €352k
2021: €97k
2022: €558k
2023: €590k
2024: €429k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€9.20M-€8.37M▼ 9.0%€10.01M▲ 19.7%€9.94M▼ 0.8%
Equity€1.47M-€1.47M▼ 0.1%€1.18M▼ 20.0%€1.22M▲ 3.2%€1.47M▲ 21.0%
Operating result€-5k-€276k€362k▲ 31.1%€1.01M▲ 178%€597k▼ 40.7%
Net result€59k-€298k▲ 406%€755k▲ 154%€938k▲ 24.3%€605k▼ 35.5%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 41% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.88M
Fixed assets
€774k▼ 11.5%
Current assets
€4.10M▲ 47.7%
Equity and liabilities €4.88M
Equity
€1.47M▲ 21.0%
Debt
€3.41M▲ 39.7%
The debt ratio rises from 66.7% to 69.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€738k▼
2024 · €1.19M
Cash flow
€747k▼
2024 · €1.12M
Solvency
30.2%▼
2024 · 33.3%
Current ratio
1.24▲
2024 · 1.18
Quick ratio
0.99▲
2024 · 0.99
Debt / equity
2.31▲
2024 · 2.00
ROE
41.1%▼
2024 · 77.2%
ROA
12.4%▼
2024 · 25.7%
Interest coverage
30.35▼
2024 · 83.00
Debt
€3.41M▲
2024 · €2.44M
Debt ≤ 1 year
€3.30M▲
2024 · €2.35M
Debt > 1 year
€92k▲
2024 · €88k
Income taxes
€177k▼
2024 · €275k
Staff costs
€1.19M▲
2024 · €1.12M
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€3.65M€4.88M▲
Fixed assets21/28€875k€774k▼
Tangible fixed assets22/27€489k€388k▼
Plant, machinery and equipment23€170k€116k▼
Furniture and vehicles24€154k€95k▼
Leasing and similar rights25-€32k
Other tangible fixed assets26€164k€144k▼
Financial fixed assets28€386k€386k=
Affiliated companies280/1€385k-
Participating interests280€385k-
Other financial fixed assets284/8€1k-
Amounts receivable and cash guarantees285/8€1k-
Current assets29/58€2.78M€4.10M▲
Stocks and contracts in progress3€462k€822k▲
Stocks30/36€462k€822k▲
Goods purchased for resale34€462k-
Amounts receivable within one year40/41€2.00M€2.77M▲
Trade receivables40€1.92M€2.64M▲
Other amounts receivable41€79k€129k▲
Cash at bank and in hand54/58€307k€498k▲
Deferred charges and accrued income490/1€13k€15k▲
Equity and liabilities
Total equity and liabilities10/49€3.65M€4.88M▲
Equity10/15€1.22M€1.47M▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€742k€742k=
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Distributable reserves133€736k€736k=
Profit (loss) carried forward14€413k€668k▲
Amounts payable17/49€2.44M€3.41M▲
Amounts payable after more than one year17€88k€92k▲
Financial debts170/4€88k€92k▲
Credit institutions173€88k-
Amounts payable within one year42/48€2.35M€3.30M▲
Current portion of amounts payable after more than one year42€158k€27k▼
Financial debts43-€430k
Credit institutions430/8-€430k
Trade debts44€646k€1.30M▲
Suppliers440/4€646k€1.30M▲
Taxes, remuneration and social security45€191k€198k▲
Taxes450/3€132k€172k▲
Remuneration and social security454/9€59k€26k▼
Other amounts payable47/48€1.35M€1.35M▼
Accrued charges and deferred income492/3-€9k
Income statement
Code20242025
Operating income70/76A€10.65M-
Turnover70€9.94M-
Other operating income74€715k-
Operating charges60/66A€9.64M-
Goods for resale, raw materials and consumables60€6.18M-
Purchases600/8€6.36M-
Change in stocks: decrease (increase)609€-182k-
Services and other goods61€2.07M-
Remuneration, social security and pensions62€1.12M€1.19M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€183k€142k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-7k€-16k▼
Other operating charges640/8€102k€93k▼
Non-recurring operating charges66A€4k€2k▼
Gross operating margin9900-€2.00M
Operating profit (loss)9901€1.01M€597k▼
Financial income75/76B€228k€210k▼
Recurring financial income75€228k€210k▼
Income from financial fixed assets750€150k-
Income from current assets751€12-
Other financial income752/9€78k-
Financial charges65/66B€21k€24k▲
Recurring financial charges65€21k€24k▲
Debt charges650€14k-
Other financial charges652/9€7k-
Profit (loss) for the period before taxes9903€1.21M€782k▼
Income taxes67/77€275k€177k▼
Taxes670/3€275k-
Profit (loss) for the period9904€938k€605k▼
Profit (loss) for the period to be appropriated9905€938k€605k▼
Appropriation of the result
Profit (loss) to be appropriated9906€1.31M€1.02M▼
Profit (loss) brought forward from the previous period14P€374k€413k▲
Profit to be distributed694/7€900k€350k▼
Return on contributions (dividend)694€900k€350k▼
Social balance
Average headcount (FTE)908713.314.4▲
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
01-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
07-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
27-09
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 58 days late
2023
06-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
29-09
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 60 days late
2021
31-12
Financial
Weakest financial yearnet €59k ▼89.1%
Net result drops to €59k, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 30 days late
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 31 days late
2019
10-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
03-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
07-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
17 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, Turnhout · 1 establishment unit since 2003
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Bremheidelaan 162300 TurnhoutGround area
1.5 ha
Building footprint
3,262 m²
Volume, LiDAR
18,931 m³
Parcel 13452M0700/00E000, Flanders · tallest building 8.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ISOFOAM BVBA
since 20032.135.006.820
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13452M0700/00E000 | Flanders | 1.5 ha | 1 · 3,262 m² | 8.9 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2024 · 3 entries · 1,225 EUR awarded · 1,322 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 393 EUR | 393 EUR |
| 2023 | 1 | 322 EUR | 419 EUR |
| 2022 | 1 | 510 EUR | 510 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Recognised contractor
1 categoryIsofoam NV37900
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ISOLATIEWERKEN DE ZUTTER
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JAVAKOR
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DEXION
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Of 4,270 companies in sector 43230 we hold annual accounts for 1,240. 410 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded27-10-2003
Fiscal year end31-12
Activities, NACEBEL
43230Insulation installation
43291Specialised construction activities
43310Plastering work
Sources
Crossroads Bank for EnterprisesNational Bank · 22 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.