ISOFORM
ActiveISOFORM has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.45M and a net result of €589k. Equity is growing by ~9.7% per year across the filed fiscal years. Its solvency ranks better than 54% of 7673 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
91
/ 100
Excellent▼ -9 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+9
Solvency87▼-10
Growth78=
Stability100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €220k at 30 days acceptable
Liquidity ample (current ratio 1.77 against 2.41 in 2024), but 53% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 22
Relative position
BE, all sectors
reference
Sector 22
higher
← 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
47%
Return on assets
11.3%
Age of the figures
8 mo
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 filingsDeviation from the deadline
2025
79 d early
2024
57 d early
2023
43 d early
2022
47 d early
2021
47 d early
2020
10 d late
2019
59 d early
← 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
12-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€2.45M▼ 8.0%
2024 · €2.66M
2018: €1.57M
2019: €1.53M
2020: €1.52M
2021: €1.68M
2022: €1.86M
2023: €2.26M
2024: €2.66M
2018 → 2025
Total assets
€5.21M▲ 3.8%
2024 · €5.01M
2018: €4.08M
2019: €3.54M
2020: €3.78M
2021: €5.29M
2022: €5.98M
2023: €4.68M
2024: €5.01M
2018 → 2025
Net result
€589k▲ 21.6%
2024 · €484k
2018: €236k
2019: €160k
2020: €130k
2021: €336k
2022: €739k
2023: €479k
2024: €484k
2018 → 2025
Working capital
€1.63M▼ 18.6%
2024 · €2.01M
2018: €1.26M
2019: €882k
2020: €881k
2021: €1.78M
2022: €1.76M
2023: €1.99M
2024: €2.01M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.68M-€1.86M▲ 10.5%€2.26M▲ 21.3%€2.66M▲ 17.8%€2.45M▼ 8.0%
Operating result€370k-€907k▲ 145%€571k▼ 37.0%€643k▲ 12.7%€840k▲ 30.6%
Net result€336k-€739k▲ 120%€479k▼ 35.1%€484k▲ 1.0%€589k▲ 21.6%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 31% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.21M
Fixed assets
€1.45M▼ 8.7%
Current assets
€3.76M▲ 9.6%
Equity and liabilities €5.21M
Equity
€2.45M▼ 8.0%
Provisions
€72k▼ 1.0%
Debt
€2.69M▲ 17.8%
The debt ratio rises from 45.5% to 51.6%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€1.16M▲
2024 · €848k
Cash flow
€912k▲
2024 · €688k
Solvency
47.0%▼
2024 · 53.0%
Current ratio
1.77▼
2024 · 2.41
Quick ratio
1.51▼
2024 · 2.04
Debt / equity
1.10▲
2024 · 0.86
ROE
24.1%▲
2024 · 18.2%
ROA
11.3%▲
2024 · 9.7%
Interest coverage
12.28▼
2024 · 18.43
Debt
€2.69M▲
2024 · €2.28M
Debt ≤ 1 year
€2.13M▲
2024 · €1.42M
Debt > 1 year
€562k▼
2024 · €859k
Income taxes
€204k▲
2024 · €139k
Staff costs
€1.50M▲
2024 · €1.43M
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€5.01M€5.21M▲
Fixed assets21/28€1.58M€1.45M▼
Intangible fixed assets21€79k€123k▲
Tangible fixed assets22/27€1.51M€1.32M▼
Land and buildings22€672k€614k▼
Plant, machinery and equipment23€182k€208k▲
Furniture and vehicles24€76k€100k▲
Leasing and similar rights25€576k€402k▼
Current assets29/58€3.43M€3.76M▲
Stocks and contracts in progress3€520k€553k▲
Stocks30/36€520k€553k▲
Amounts receivable within one year40/41€1.03M€1.52M▲
Trade receivables40€907k€1.45M▲
Other amounts receivable41€124k€69k▼
Current investments50/53€554k€0▼
Cash at bank and in hand54/58€1.31M€1.67M▲
Deferred charges and accrued income490/1€13k€16k▲
Equity and liabilities
Total equity and liabilities10/49€5.01M€5.21M▲
Equity10/15€2.66M€2.45M▼
Contributions10/11€147k€147k=
Capital10€147k€147k=
Issued capital100€147k€147k=
Reserves13€2.47M€2.26M▼
Non-distributable reserves130/1€17k€17k=
Legal reserve130€17k€17k=
Tax-exempt reserves132€265k€100k▼
Distributable reserves133€2.19M€2.15M▼
Profit (loss) carried forward14€0€0=
Investment grants15€37k€35k▼
Provisions and deferred taxes16€73k€72k▼
Provisions for liabilities and charges160/5€61k€61k=
Major repairs and maintenance162€61k€61k=
Deferred taxes168€12k€12k▼
Amounts payable17/49€2.28M€2.69M▲
Amounts payable after more than one year17€859k€562k▼
Financial debts170/4€859k€562k▼
Amounts payable within one year42/48€1.42M€2.13M▲
Current portion of amounts payable after more than one year42€326k€291k▼
Financial debts43€0-
Credit institutions430/8€0-
Trade debts44€580k€586k▲
Suppliers440/4€580k€586k▲
Taxes, remuneration and social security45€193k€298k▲
Taxes450/3€38k€93k▲
Remuneration and social security454/9€155k€205k▲
Other amounts payable47/48€325k€952k▲
Income statement
Code20242025
Non-recurring operating income76A€0€3k▲
Remuneration, social security and pensions62€1.43M€1.50M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€204k€323k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€119k€-53k▼
Other operating charges640/8€25k€24k▼
Gross operating margin9900€2.42M€2.64M▲
Operating profit (loss)9901€643k€840k▲
Financial income75/76B€24k€47k▲
Recurring financial income75€24k€47k▲
Financial charges65/66B€46k€95k▲
Recurring financial charges65€46k€95k▲
Profit (loss) for the period before taxes9903€622k€792k▲
Transfer from deferred taxes780€762€762=
Income taxes67/77€139k€204k▲
Profit (loss) for the period9904€484k€589k▲
Transfer from tax-exempt reserves789-€165k
Transfer to tax-exempt reserves689€97k€0▼
Profit (loss) for the period to be appropriated9905€387k€753k▲
Appropriation of the result
Profit (loss) to be appropriated9906€387k€753k▲
Transfer from equity791/2-€47k
Transfer to equity691/2€307k€0▼
To other reserves6921€307k€0▼
Profit to be distributed694/7€80k€800k▲
Return on contributions (dividend)694-€800k
Directors or managers695€80k€0▼
Social balance
Average headcount (FTE)908729.829.7▼
The notes to these accounts (23 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
13-05
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
04-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
18-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Equity above €2MEq €2.26M ▲21.3%
6 profitable years in a row build equity to €2.26M.
14-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2018net €739k ▲120%
Operating result €907k, net result €739k, both a record.
14-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
10-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 10 days late
2020
31-12
Financial
Weakest financial yearnet €130k ▼18.4%
Net result drops to €130k, the lowest in the series; recovery starts the following year.
02-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
05-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
23-05
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
15-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2024
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
08-02-2024
GERRIT VAN REETH: Resigned as Director
23-05-2022
Direct Solutions: Resigned as Director
23-05-2022
Getonic: Resigned as Director
23-05-2022
Kira-Raes: Resigned as Director
23-05-2022
Ter Veure: Resigned as Director
Location & real-estate footprint
Registered office, Harelbeke · 1 establishment unit since 1997
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.
Vaarnewijkstraat 128530 HarelbekeGround area
5,787 m²
Parcel 34323D0121/00M007, Flanders. Linked by address, not a title deed.
1 establishment unit
ISOFORM
since 19972.079.980.502
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34323D0121/00M007 | Flanders | 5,787 m² | - | - |
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.
Similar companies · same sector, comparable size
RKW Hyplast
BE 0415.428.927
Hoogstraten · Eq €2.40M
BTL PLASTICS
BE 0476.710.656
Wielsbeke · Eq €2.37M
MECOPLAS
BE 0419.946.256
Oostrozebeke · Eq €2.35M
VANEFLON
BE 0416.005.581
Hamme (Vl.) · Eq €2.34M
Imatex
BE 0413.118.248
Schoten · Eq €2.56M
Of 596 companies in sector 22260 we hold annual accounts for 278. 174 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded29-11-1996
Fiscal year end31-12
Activities, NACEBEL
22260Manufacture of rubber and plastic products
25240
43990Other specialised construction activities
43999Specialised construction activities
45250
Sources
Crossroads Bank for EnterprisesNational Bank · 29 filingsAddress and cadastre registers
Data from official sources, last processed on 10-09-2026. Scores and ratios are computed by Checked and are not a credit decision.