Skip to content

ISOFORM

Active
Public limited companyfounded 1996active for 29 yearsVaarnewijkstraat 12, 8530 Harelbeke, BelgiumKBO/BCE: BE 0459.327.860
Summary

ISOFORM has been active since 1996 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.4m and a net result of €588,679. Equity is growing by about 9.7% per year across the filed financial years. Its solvency ranks better than 54% of 9,583 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).

Overview

Activity
Other specialised construction activities
NACE 43990Manufacture of rubber and plastic products NACE 22260
#4 employer in Harelbeke, Construction sector1 site
Size
€5.2mtotal assets 2025
Staff
29.7 FTE
Equity
€2.4m
Profit
€588,679
Turnover not published (abbreviated format)
Financial health
95 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
< 0.1%
Structure
Parent
GETONIC · 100%
  • GETONICManaging director · permanent representative Louis Goethals
  • JOALQUIManaging director · permanent representative Jean-François Castelein
Accounts 79 days early1 of 10 deeds read
Why 95raises riskSector: Specialised construction activities (NACE 43)lowers riskLiquidity: current ratio 1.77, cash €1.7mSize: 29.7 FTE, total assets €5.2mFounded in 1996Show the evidence

Checked score

Score 2025
95 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 61% of its sector peers (NACE 43, small)
Financial strength · tick = 2024
Strong
Solvency 72-6
equity 47.0% of total assets
Liquidity 71=
short-term debt 40.8% · cash 32.1%
Profitability 83+2
return on assets 11.3%
Bankruptcy probability, 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (2,644 companies, NACE 43, small)
Last 24 months 11-2024: < 0.1% 12-2024: < 0.1%● unchanged vs 11-2024 01-2025: < 0.1%● unchanged vs 12-2024 02-2025: < 0.1%● unchanged vs 01-2025 03-2025: < 0.1%● unchanged vs 02-2025 04-2025: < 0.1%● unchanged vs 03-2025 05-2025: < 0.1%● unchanged vs 04-2025 06-2025: < 0.1%● unchanged vs 05-2025highest value 07-2025: < 0.1%● unchanged vs 06-2025lowest value 08-2025: < 0.1%● unchanged vs 07-2025lowest value 09-2025: < 0.1%● unchanged vs 08-2025lowest value 10-2025: < 0.1%● unchanged vs 09-2025lowest value 11-2025: < 0.1%● unchanged vs 10-2025lowest value 12-2025: < 0.1%● unchanged vs 11-2025 01-2026: < 0.1%● unchanged vs 12-2025 02-2026: < 0.1%● unchanged vs 01-2026 03-2026: < 0.1%● unchanged vs 02-2026 04-2026: < 0.1%● unchanged vs 03-2026 05-2026: < 0.1%● unchanged vs 04-2026 06-2026: < 0.1%● unchanged vs 05-2026 07-2026: < 0.1%● unchanged vs 06-2026 08-2026: < 0.1%● unchanged vs 07-2026 09-2026: < 0.1%● unchanged vs 08-2026 10-2026: < 0.1%● unchanged vs 09-2026
Credit of up to €230,000 on 30-day terms is acceptable
Liquidity ample (current ratio 1.77, compared with 2.41 in 2024; short-term debt: 40.8% and cash: 32.1% of total assets), but 53% of the assets are financed with debt.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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, small): better than 63% on solvency, 86% on liquidity, 78% on profitability and 18% on growth.

The bankruptcy probability was computed on 10-10-2026 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.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

Credit check for your own amount and term

Show the recommended maximum and see how the verdict changes with amount, term and advance.

Signals

Five signals.
lowers riskraises riskneutral
lowers risk · Liquidity: current ratio 1.77, cash €1.7m
NBB · annual accounts
lowers risk · Size: 29.7 FTE, total assets €5.2m
The company's size counts in the probability; how much depends on the rest of its profile.
NBB · annual accounts
lowers risk · Founded in 1996
How long the company has existed counts in the probability; how much depends on the rest of its profile.
KBO
raises risk · Sector: Specialised construction activities (NACE 43)
KBO
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 13-05-2026, 79 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
79 days early
2024
57 days early
2023
43 days early
2022
47 days early
2021
47 days early
2020
10 days late
2019
59 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 46 days before the deadline; the sector median (NACE 43) for financial year 2024 is 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 14 June (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
11-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Resignations: BV KIRA-RAES (director) and BV…Permanent representatives: Tom Raes, Nicolas-Laurent…
  2. Annual accounts filedfinancial year 2025 · abbreviated…
  3. Annual accounts filedfinancial year 2024 · abbreviated…

Key points

  • Caution: Board changedlatest change 26-05-2026 · 2 in office 2 joined · 2 left View
  • Positive: Among the best 5% on net resultsector median €27,714 · 9,576 companies €588,679 View
  • Positive: 8 profitable years in a rowprofit 2025: €588,679 8 years View
  • Controlled by GETONICultimately: Formio 100% View
  • Positive: Filed on time since financial year 2021accounts within the deadline every year 5 years View
  • Flemish supportawarded 2022 - 2025 €55,755 View

By topic

Financials

Financial year
2025
Total assets
€5.2m
Profit
€588,679
Solvency
47.0%
Total assets▲ 3.8%
Net result
20182025
Go to Financials

Board & ownership

Board
2 members
Parent
GETONIC · 100%
  • GETONICManaging director
  • JOALQUIManaging director
Go to Board & ownership

Timeline

Events
32
Since
1998
Next accounts
by 31-07-2027
  1. 18-06-2024Annual accounts filed
  2. 31-12-2023Equity above €2m
  3. 14-06-2023Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Other specialised construction activitiesNACE 43990
Founded
29-11-1996
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Go further with this company

Your own company? See how customers, suppliers and banks see it and what to improve first.

Investigating this company? Keep it with today's facts in a case file.