Result
€148,388 €148,388
Back in profit in 2024, after a loss of €44,701 in 2023.
ISOFOX
Lifetime
19 annual accounts with figures on one time axis, 31 filings since 1994peak €212,506 (2024)
€212,506▲ €214,632
lowest -€44,701 (2023)
€148,388▲ €193,088
peak €90,695 (2024)
€90,695▲ €148,388
€285,030▲ 18.1%
peak 1 FTE (2011)
-not published
Board2 names since 2022
1 directorEmmanuel LUXEN
Documentsfilings and deeds
07-10-202568 days late
2024micro format
Gross margin from -€2,126 to €212,506Back to profit: €148,388Registered office moved from Bassenge to Boirs 10-10Equity from -€57,692 to €90,695Debts from €241,307 to €285,030Cash from €4 to €39,917
Key points
from the 2024 annual accountsTurnover
≈ €660,000 estimated
The micro format states no turnover.
Debts
€285,030 76% of the balance sheet
Financial debts 7%Suppliers 70%Taxes and wages 18%Other 5%
Of this, €264,191 falls due within a year.
Liquidity
1.29 was 0.56 in 2023
Short-term debts rose from €205,637 to €264,191.
Filings
31 annual accounts 103 days past the deadline
2025 accounts not filed: deadline was 31-07-2026.
Position in the sector
€148,388
Higher net result than 95% of companies in specialised construction. Sector median €9,467 · 35,925 companies.
Checked score
40
Weak
Financially stronger than 57% of micro companies in specialised construction (NACE 43)
Probability in this band: 4.2% to 15.0%
Bankruptcy probability within 12 months
4.4% Elevated
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 47,696 companies (NACE 43, micro).
About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 9.5%
01-2025: 9.5%● unchanged vs 12-2024
02-2025: 9.5%● unchanged vs 01-2025
03-2025: 9.3%▼ -0.2 percentage points vs 02-2025
04-2025: 9.6%▲ +0.3 percentage points vs 03-2025
05-2025: 9.2%▼ -0.4 percentage points vs 04-2025
06-2025: 9.0%▼ -0.2 percentage points vs 05-2025
07-2025: 9.1%▲ +0.1 percentage points vs 06-2025
08-2025: 9.1%● unchanged vs 07-2025
09-2025: 9.1%● unchanged vs 08-2025
10-2025: 15.0%▲ +5.9 percentage points vs 09-2025highest value
11-2025: 4.4%▼ -10.6 percentage points vs 10-2025
12-2025: 4.4%● unchanged vs 11-2025
01-2026: 4.4%● unchanged vs 12-2025
02-2026: 4.4%● unchanged vs 01-2026
03-2026: 4.4%● unchanged vs 02-2026lowest value
04-2026: 4.5%▲ +0.1 percentage points vs 03-2026
05-2026: 4.5%● unchanged vs 04-2026
06-2026: 4.4%▼ -0.1 percentage points vs 05-2026
07-2026: 4.6%▲ +0.2 percentage points vs 06-2026
08-2026: 5.5%▲ +0.9 percentage points vs 07-2026
09-2026: 6.5%▲ +1.0 percentage point vs 08-2026
10-2026: 4.4%▼ -2.1 percentage points vs 09-2026
11-2026: 4.4%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
1 change of registered office in 24 months
Figures for financial year 2024 (filed on 07-10-2025)
1 financial year not filed after the legal deadline; last filed accounts filed 68 days late; 3 of the last 3 accounts late
lowers risk
Founded in 1994
Calculation
The band follows from the bankruptcy probability. 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, micro). It does better than 26% of them on solvency, 15% on liquidity, 92% on profitability and 97% on growth.
The bankruptcy probability was computed on 10-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2024.
Of the companies with a bankruptcy probability in the elevated class on 30-06-2025, 6.3% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 3,818 companies had the same profile as ISOFOX has now. Each dot stands for 10 companies, two years later.
95.0%
were still trading
3.7%
stopped another way
1.0%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of ISOFOX itself is higher: 4.4% within 12 months. It rests on far more data about ISOFOX than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 3,818 companies, not a prediction for ISOFOX. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €3,500 on 30-day terms, only on tighter conditions: elevated estimated bankruptcy probability calls for adjusted credit terms
Liquidity is tight, with a current ratio of 1.29 (0.56 in 2023), below the usual 1.5. Short-term debt is 70.3% and cash 10.6% of total assets. 75.9% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 103 days later.
NBB · 10 filingsPosition against the passed deadline
31-12-2025 year end31-07-2026 deadline11-11-2026 today
raises risk · 2024 accounts filed 68 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 07-10-2025, 68 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
68 days late
2023
65 days late
2022
43 days late
2021
22 days late
2020
26 days early
2019
31 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 6 accounts on average 24 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (1)
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0452798671
Registered-office move
General meeting of 14-02-2025 · Gazette deed
Registered office moved from Bassenge to Boirs
New registered office: Rue de l'lle, 15-4690 BOIRS · Previous registered office: Rue François Bertrand 9, 4690 BASSENGE · General meeting of 01-01-2024 · Gazette deed
Company renamed from PALATE CARS to ISOFOX
Resignation: Emmanuel LUXEN (manager) · Reappointment: Emmanuel LUXEN (director) · “Les travaux d'isolation industrielle thermique et acoustique; Les travaux d'isolation thermique et acoustique…” (deed in French) · General meeting of 25-05-2022 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| ISOFOX Ans | €375,725 | €212,506 | 24.1% | - |
| ACOUSTIX Herstal | €292,703 | €214,902 | -21.3% | - |
| GEUENS Balen | €467,359 | €278,792 | 44.1% | - |
| ISOTRA Fleurus | €345,639 | €203,666 | 25.8% | 4.3 |
| Amaury Blöte Toitures Ittre | €296,425 | €137,023 | 54.3% | - |
| Limburgse Isolatietechnieken Houthalen-Helchteren | €551,559 | €264,449 | 60.5% | - |
| S.I.R. Wijnegem | €526,241 | €308,892 | 75.3% | 4.1 |
These companies have the same main activity as ISOFOX: insulation installation (NACE 43230). They are comparable in size and age: total assets between €293,000 and €552,000, founded between 1984 and 2001.
Official details
Source: KBO- Status
- Active since 08-06-1994Normal situation
- Activity
- Insulation installationNACE 43230and 5 others
- Establishment unit
- 2.068.045.6414690 Bassenge, since 02-09-1994
- Financial year end
- 31 December
- Peppol
- Reachable since 28-11-2025
Insights on ISOFOX
ISOFOX files the micro format. That format states no turnover. The gross margin rose from €5,418 in 2006 to €212,506 in 2024.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about ISOFOX
- What is the company number of ISOFOX?
- The company number of ISOFOX is 0452.798.671. The VAT number is the same number with BE in front: BE 0452.798.671.
- Where is ISOFOX based?
- The registered office is at Rue du Zoning 67, 4430 Ans.Company details
- What does ISOFOX do?
- According to the KBO register, the main activity is insulation installation (NACE 43230).
- What is the legal form of ISOFOX?
- ISOFOX is a private limited company (BV).
- When was ISOFOX founded?
- ISOFOX was founded on 08-06-1994.
- Is ISOFOX still active?
- Yes, ISOFOX is an active enterprise in the KBO register.
- How many employees does ISOFOX have?
- ISOFOX had an average of 0.6 full-time equivalents in financial year 2024, according to the filed annual accounts.Financials
- What is the turnover of ISOFOX?
- The turnover in financial year 2024 is ≈ €660,000. This figure is estimated from the gross margin of €212,506 and 86 comparable companies (NACE 432). It probably lies between €530,000 and €800,000.
- Is ISOFOX profitable?
- In financial year 2024, ISOFOX made a profit of €148,388.
- Where can I find the annual accounts of ISOFOX?
- ISOFOX filed 31 annual accounts with the National Bank of Belgium, the latest for financial year 2024.
Next steps
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