ISOFOR
ActiveSummary
ISOFOR has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €151k and a net result of €31k. Equity is growing by ~51.6% per year across the filed fiscal years. Its solvency ranks better than 43% of 27965 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability79▼-9
Solvency66▼-20
Growth78=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10k at 30 days acceptable
Liquidity tight (current ratio 1.44 against 1.74 in 2024; short-term debt: 17.4% and cash: 15% of total assets), and 59.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five 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
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
40.8%
Return on assets
8.4%
Age of the figures
15 mo
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 dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 19-12-2025, 43 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
43 d early
2024
42 d early
2023
42 d early
2022
41 d early
2021
40 d early
2020
18 d early
2019
24 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€151k▲ 26.1%
2024 · €120k
2019: €16klowest in 7 years
2020: €19k▲ +20.5% vs 2019
2021: €27k▲ +43.6% vs 2020
2022: €42k▲ +56.4% vs 2021
2023: €90k▲ +112% vs 2022
2024: €120k▲ +33.6% vs 2023
2025: €151k▲ +26.1% vs 2024highest in 7 years
2019 → 2025
Total assets
€370k▲ 89.2%
2024 · €196k
2019: €61k
2020: €56k▼ -8.2% vs 2019lowest in 7 years
2021: €67k▲ +18.5% vs 2020
2022: €72k▲ +7.9% vs 2021
2023: €192k▲ +167% vs 2022
2024: €196k▲ +1.9% vs 2023
2025: €370k▲ +89.2% vs 2024highest in 7 years
2019 → 2025
Net result
€31k▲ 3.9%
2024 · €30k
2019: €3k
2020: €3k▼ -1.1% vs 2019lowest in 7 years
2021: €8k▲ +156% vs 2020
2022: €15k▲ +85.8% vs 2021
2023: €47k▲ +210% vs 2022highest in 7 years
2024: €30k▼ -36.4% vs 2023
2025: €31k▲ +3.9% vs 2024
2019 → 2025
Working capital
€28k▼ 38.6%
2024 · €46k
2019: €-16klowest in 7 years
2020: €-7k▲ +56.4% vs 2019
2021: €-362▲ +94.7% vs 2020
2022: €21k▲ +5840% vs 2021
2023: €50k▲ +139% vs 2022highest in 7 years
2024: €46k▼ -6.8% vs 2023
2025: €28k▼ -38.6% vs 2024
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€27k-€42k▲ 56.4%€90k▲ 112%€120k▲ 33.6%€151k▲ 26.1%
2021: €27klowest in 5 years
2022: €42k▲ +56.4% vs 2021
2023: €90k▲ +112% vs 2022
2024: €120k▲ +33.6% vs 2023
2025: €151k▲ +26.1% vs 2024highest in 5 years
Operating result€8k-€18k▲ 124%€60k▲ 233%€38k▼ 36.4%€36k▼ 5.0%
2021: €8klowest in 5 years
2022: €18k▲ +124% vs 2021
2023: €60k▲ +233% vs 2022highest in 5 years
2024: €38k▼ -36.4% vs 2023
2025: €36k▼ -5.0% vs 2024
Net result€8k-€15k▲ 85.8%€47k▲ 210%€30k▼ 36.4%€31k▲ 3.9%
2021: €8klowest in 5 years
2022: €15k▲ +85.8% vs 2021
2023: €47k▲ +210% vs 2022highest in 5 years
2024: €30k▼ -36.4% vs 2023
2025: €31k▲ +3.9% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 5% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €370k
Fixed assets
€277k ▲ 218%
Current assets
€93k ▼ 14.5%
Equity and liabilities €370k
Equity
€151k ▲ 26.1%
Debt
€219k ▲ 189%
Debt's share of the balance-sheet total rises from 38.8% to 59.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€60k▲
2024 · €53k
Cash flow
€55k▲
2024 · €45k
Current ratio
1.44▼
2024 · 1.74
Quick ratio
1.26▼
2024 · 1.50
Debt to equity
1.45▲
2024 · 0.63
ROE
20.7%▼
2024 · 25.1%
ROA
8.4%▼
2024 · 15.4%
Interest coverage
11.08▼
2024 · 30.58
Debt ≤ 1 year
€64k▲
2024 · €62k
Debt > 1 year
€154k▲
2024 · €11k
Income taxes
€7k▼
2024 · €14k
Staff costs
€42k▲
2024 · €36k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 53 lines
Balance sheet
Code20242025
Assets
Total assets20/58€196k€370k▲
Fixed assets21/28€87k€277k▲
Tangible fixed assets22/27€87k€277k▲
Plant, machinery and equipment23-€1k
Furniture and vehicles24€28k€20k▼
Leasing and similar rights25-€194k
Other tangible fixed assets26€59k€63k▲
Financial fixed assets28€235€235=
Current assets29/58€108k€93k▼
Stocks and contracts in progress3€15k€12k▼
Stocks30/36€15k€12k▼
Amounts receivable within one year40/41€40k€19k▼
Trade receivables40€39k€19k▼
Other amounts receivable41€777€926▲
Cash at bank and in hand54/58€50k€55k▲
Deferred charges and accrued income490/1€4k€6k▲
Equity and liabilities
Total equity and liabilities10/49€196k€370k▲
Equity10/15€120k€151k▲
Contributions10/11€12k€12k=
Reserves13€77k€108k▲
Distributable reserves133€77k€108k▲
Profit (loss) carried forward14€30k€30k=
Amounts payable17/49€76k€219k▲
Amounts payable after more than one year17€11k€154k▲
Financial debts170/4€11k€154k▲
Amounts payable within one year42/48€62k€64k▲
Current portion of amounts payable after more than one year42€10k€31k▲
Trade debts44€19k€23k▲
Suppliers440/4€19k€23k▲
Taxes, remuneration and social security45€31k€8k▼
Taxes450/3€28k€6k▼
Remuneration and social security454/9€3k€2k▼
Other amounts payable47/48€2k€3k▲
Accrued charges and deferred income492/3€3k€351▼
Income statement
Code20242025
Remuneration, social security and pensions62€36k€42k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15k€24k▲
Other operating charges640/8€8k€7k▼
Non-recurring operating charges66A-€547
Gross operating margin9900€98k€110k▲
Operating profit (loss)9901€38k€36k▼
Financial income75/76B€8k€8k▼
Recurring financial income75€7k€6k▼
Non-recurring financial income76B€1k€2k▲
Financial charges65/66B€2k€5k▲
Recurring financial charges65€2k€5k▲
Profit (loss) for the period before taxes9903€45k€39k▼
Income taxes67/77€14k€7k▼
Profit (loss) for the period9904€30k€31k▲
Profit (loss) for the period to be appropriated9905€30k€31k▲
Appropriation of the result
Profit (loss) to be appropriated9906€60k€62k▲
Profit (loss) brought forward from the previous period14P€30k€30k=
Transfer to equity691/2€30k€31k▲
To other reserves6921€30k€31k▲
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €202 | - | - | - |
| Remuneration, social security and pensions62 | - | €31k | €39k | €36k | €42k | ▲ 14.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9k | €11k | €18k | €15k | €24k | ▲ 60.3% |
| Other operating charges640/8 | - | €3k | €5k | €8k | €7k | ▼ 12.1% |
| Non-recurring operating charges66A | - | - | - | - | €547 | - |
| Gross operating margin9900 | €32k | €62k | €122k | €98k | €110k | ▲ 12.3% |
| Operating profit (loss)9901 | €8k | €18k | €60k | €38k | €36k | ▼ 5.0% |
| Financial income75/76B | - | €9k | €10k | €8k | €8k | ▼ 4.3% |
| Recurring financial income75 | €3k | €6k | €8k | €7k | €6k | ▼ 9.6% |
| Non-recurring financial income76B | - | €3k | €1k | €1k | €2k | ▲ 21.3% |
| Financial charges65/66B | - | €5k | €2k | €2k | €5k | ▲ 214% |
| Recurring financial charges65 | €776 | €846 | €2k | €2k | €5k | ▲ 214% |
| Non-recurring financial charges66B | - | €4k | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €11k | €22k | €67k | €45k | €39k | ▼ 13.4% |
| Income taxes67/77 | €2k | €6k | €20k | €14k | €7k | ▼ 49.4% |
| Profit (loss) for the period9904 | €8k | €15k | €47k | €30k | €31k | ▲ 3.9% |
| Profit (loss) for the period to be appropriated9905 | €8k | €15k | €47k | €30k | €31k | ▲ 3.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €67k | €72k | €192k | €196k | €370k | ▲ 89.2% |
| Fixed assets21/28 | €28k | €22k | €61k | €87k | €277k | ▲ 218% |
| Tangible fixed assets22/27 | €28k | €22k | €61k | €87k | €277k | ▲ 219% |
| Plant, machinery and equipment23 | - | €7k | €56 | - | €1k | - |
| Furniture and vehicles24 | - | €6k | €38k | €28k | €20k | ▼ 30.1% |
| Leasing and similar rights25 | - | - | - | - | €194k | - |
| Other tangible fixed assets26 | - | €8k | €22k | €59k | €63k | ▲ 7.0% |
| Financial fixed assets28 | €236 | €235 | €235 | €235 | €235 | = |
| Current assets29/58 | €39k | €50k | €131k | €108k | €93k | ▼ 14.5% |
| Stocks and contracts in progress3 | €4k | €5k | €14k | €15k | €12k | ▼ 23.9% |
| Stocks30/36 | - | €5k | €14k | €15k | €12k | ▼ 23.9% |
| Amounts receivable within one year40/41 | €30k | €14k | €36k | €40k | €19k | ▼ 51.0% |
| Trade receivables40 | - | €13k | €36k | €39k | €19k | ▼ 52.4% |
| Other amounts receivable41 | - | €1k | €625 | €777 | €926 | ▲ 19.2% |
| Cash at bank and in hand54/58 | €2k | €26k | €77k | €50k | €55k | ▲ 11.0% |
| Deferred charges and accrued income490/1 | - | €6k | €3k | €4k | €6k | ▲ 72.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €67k | €72k | €192k | €196k | €370k | ▲ 89.2% |
| Equity10/15 | €27k | €42k | €90k | €120k | €151k | ▲ 26.1% |
| Contributions10/11 | - | €12k | €12k | €12k | €12k | = |
| Reserves13 | €12k | €27k | €47k | €77k | €108k | ▲ 40.6% |
| Non-distributable reserves130/1 | - | €162 | €162 | - | - | - |
| Reserves not available under the articles1311 | - | €162 | €162 | - | - | - |
| Distributable reserves133 | - | €27k | €47k | €77k | €108k | ▲ 40.6% |
| Profit (loss) carried forward14 | €3k | €3k | €30k | €30k | €30k | = |
| Amounts payable17/49 | €40k | €30k | €102k | €76k | €219k | ▲ 189% |
| Amounts payable after more than one year17 | - | - | €20k | €11k | €154k | ▲ 1,326% |
| Financial debts170/4 | - | - | €20k | €11k | €154k | ▲ 1,326% |
| Amounts payable within one year42/48 | €39k | €29k | €82k | €62k | €64k | ▲ 3.4% |
| Current portion of amounts payable after more than one year42 | - | - | €9k | €10k | €31k | ▲ 221% |
| Trade debts44 | €17k | €469 | €30k | €19k | €23k | ▲ 17.6% |
| Suppliers440/4 | - | €469 | €30k | €19k | €23k | ▲ 17.6% |
| Taxes, remuneration and social security45 | - | €25k | €39k | €31k | €8k | ▼ 73.7% |
| Taxes450/3 | - | €23k | €36k | €28k | €6k | ▼ 78.6% |
| Remuneration and social security454/9 | - | €2k | €2k | €3k | €2k | ▼ 28.3% |
| Other amounts payable47/48 | - | €4k | €4k | €2k | €3k | ▲ 14.9% |
| Accrued charges and deferred income492/3 | - | €324 | €325 | €3k | €351 | ▼ 87.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €8k | €15k | €47k | €30k | €31k | ▲ 3.9% |
| + Depreciation and write-downs630 | €9k | €11k | €18k | €15k | €24k | ▲ 60.3% |
| Operating cash flow (approximation) | €18k | €26k | €65k | €45k | €55k | ▲ 22.7% |
| Investment in fixed assets (approximation) | - | €-5k | €-57k | €-41k | €-214k | ▼ 417% |
| Change in cash | - | €23k | €52k | €-27k | €6k | ▲ 120% |
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
Next filing, fiscal year 2026, expected by
2025
19-12
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
30-06
Financial
Equity above €150kEq €151k ▲26.1%
7 profitable years in a row build equity to €151k.
2024
20-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
30-06
Financial
Equity above €100kEq €120k ▲33.6%
6 profitable years in a row build equity to €120k.
2023
20-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
30-06
Financial
Highest result since 2019net €47k ▲210%
Operating result €60k, net result €47k, both a record.
2022
21-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
22-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
13-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-06
Financial
Weakest financial yearnet €3k ▼1.1%
Net result drops to €3k, the lowest in the series; recovery starts the following year.
07-01
NBB filing
Annual accounts filed
fiscal year 2019 · 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, Libin · 1 establishment unit since 2018
Ground area
1,152 m²
Building footprint
310 m²
Volume, LiDAR
2,124 m³
Parcel 84046A0012/00X000, Wallonia · tallest building 9.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Rue Baron-Coppée,Ochamps 97, 6890 Libin
since 20182.275.766.389
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 84046A0012/00X000 | Wallonia | 1,152 m² | 1 · 310 m² | 9.2 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.
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Of 4,271 companies in sector 43230 we hold annual accounts for 1,240. 1,029 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
Founded03-05-2018
Fiscal year end30-06
Activities, NACEBEL 2025
43230Insulation installation
43350Other building finishing work
Scores and ratios are computed by Checked and are not a credit decision.