ISOGRAFIC
Bankruptcy closedInactive since 02-09-2026; last annual accounts for fiscal year 2021.
Summary
ISOGRAFIC was declared bankrupt on 25-04-2024 (Tribunal de l’entreprise de Liège, division Liège); the bankruptcy was closed by liquidation by judgment of 01-09-2026, published in the Belgian State Gazette on 07-09-2026.
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 19-08-2022, 19 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
19 d late
2020
73 d late
2019
91 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 61 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
Still owed money by this company? This is how you file your claim.Creditor guide Who ran this company, and where was it based, on a date before the end?Company as of a date Is the registered address a letterbox address or a business centre?Address check Are there other customers at risk in your own list?Debtor check How is the Retail sale of hardware, building materials, paint and glass (general range) sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2021, micro schema
Equity
€43,042▲ 9.4%
2020 · €39,326
Total assets
€80,083▼ 24.7%
2020 · €106,393
Net result
€3,716
2020 · -€18,187
Working capital
€36,577▲ 9.8%
2020 · €33,299
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2018201920202021
Operating result-€38,301-€4,499-€17,689€4,605
Net result-€36,720-€2,674-€18,187€3,716
Equity€54,769-€57,513▲ 5.0%€39,326▼ 31.6%€43,042▲ 9.4%
Total assets€139,340-€101,973▼ 26.8%€106,393▲ 4.3%€80,083▼ 24.7%
Debt€84,571-€44,460▼ 47.4%€67,066▲ 50.8%€37,040▼ 44.8%
Working capital€61,158-€52,544▼ 14.1%€33,299▼ 36.6%€36,577▲ 9.8%
Staff (FTE)1-
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2021: €4,605 after a loss of €17,689 in 2020, the highest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €80,083
Fixed assets
€6,466 ▲ 7.3%
Current assets
€73,617 ▼ 26.7%
Equity and liabilities €80,083
Equity
€43,042 ▲ 9.4%
Debt
€37,040 ▼ 44.8%
Debt's share of the balance-sheet total falls from 63.0% to 46.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€5,422▲
2020 · -€17,248
Cash flow
€4,533▲
2020 · -€17,746
Current ratio
1.99▲
2020 · 1.50
Debt to equity
0.86
ROE
8.6%▲
2020 · -46.2%
ROA
4.6%▲
2020 · -17.1%
Interest coverage
6.10
Debt ≤ 1 year
€37,040▼
2020 · €67,066
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €70 | - | €441 | €817 | ▲ 85.3% |
| Other operating charges640/8 | - | - | - | €1,031 | - |
| Non-recurring operating charges66A | - | - | - | €393 | - |
| Gross operating margin9900 | €2,323 | €7,282 | -€16,648 | €6,846 | ▲ 141% |
| Operating profit (loss)9901 | -€38,301 | €4,499 | -€17,689 | €4,605 | ▲ 126% |
| Recurring financial income75 | €2,266 | €181 | €73 | - | - |
| Financial charges65/66B | - | - | - | €889 | - |
| Recurring financial charges65 | €636 | €730 | €571 | €889 | ▲ 55.7% |
| Profit (loss) for the period before taxes9903 | -€36,672 | €3,950 | -€18,187 | €3,716 | ▲ 120% |
| Income taxes67/77 | €49 | €1,275 | - | - | - |
| Profit (loss) for the period9904 | -€36,720 | €2,674 | -€18,187 | €3,716 | ▲ 120% |
| Profit (loss) for the period to be appropriated9905 | -€36,720 | €2,674 | -€18,187 | €3,716 | ▲ 120% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €139,340 | €101,973 | €106,393 | €80,083 | ▼ 24.7% |
| Fixed assets21/28 | €1,817 | €4,969 | €6,028 | €6,466 | ▲ 7.3% |
| Tangible fixed assets22/27 | - | - | €1,059 | €1,497 | ▲ 41.3% |
| Plant, machinery and equipment23 | - | - | - | €1,497 | - |
| Financial fixed assets28 | €1,817 | €4,969 | €4,969 | €4,969 | = |
| Current assets29/58 | €137,523 | €97,004 | €100,365 | €73,617 | ▼ 26.7% |
| Stocks and contracts in progress3 | €12,930 | €5,124 | - | - | - |
| Amounts receivable within one year40/41 | €123,379 | €67,091 | €93,847 | €50,711 | ▼ 46.0% |
| Trade receivables40 | - | - | - | €18,742 | - |
| Other amounts receivable41 | - | - | - | €31,969 | - |
| Cash at bank and in hand54/58 | €36 | €23,960 | €6,518 | €22,580 | ▲ 246% |
| Deferred charges and accrued income490/1 | - | - | - | €327 | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €139,340 | €101,973 | €106,393 | €80,083 | ▼ 24.7% |
| Equity10/15 | €54,769 | €57,513 | €39,326 | €43,042 | ▲ 9.4% |
| Contributions10/11 | €18,550 | €18,550 | €18,550 | €18,550 | = |
| Reserves13 | €15,860 | €15,860 | €15,860 | €15,860 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | - |
| Distributable reserves133 | - | - | - | €14,000 | - |
| Profit (loss) carried forward14 | €20,359 | €23,103 | €4,916 | €8,632 | ▲ 75.6% |
| Amounts payable17/49 | €84,571 | €44,460 | €67,066 | €37,040 | ▼ 44.8% |
| Amounts payable within one year42/48 | €76,365 | €44,460 | €67,066 | €37,040 | ▼ 44.8% |
| Financial debts43 | - | - | - | €1,702 | - |
| Credit institutions430/8 | - | - | - | €1,702 | - |
| Trade debts44 | €53,012 | €20,556 | €63,931 | €31,579 | ▼ 50.6% |
| Suppliers440/4 | - | - | - | €31,579 | - |
| Taxes, remuneration and social security45 | - | - | - | €2,046 | - |
| Taxes450/3 | - | - | - | €2,046 | - |
| Other amounts payable47/48 | - | - | - | €1,713 | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€36,720 | €2,674 | -€18,187 | €3,716 | ▲ 120% |
| + Depreciation and write-downs630 | €70 | - | €441 | €817 | ▲ 85.3% |
| Operating cash flow (approximation) | -€36,650 | €2,674 | -€17,746 | €4,533 | ▲ 126% |
| Investment in fixed assets (approximation) | - | -€3,152 | -€1,500 | -€1,255 | ▲ 16.3% |
| Change in cash | - | €23,924 | -€17,442 | €16,062 | ▲ 192% |
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
2026
07-09
Bankruptcy
Bankruptcy closure (by liquidation)
Tribunal de l’entreprise de Liège, division Liège · event 01-09-2026
2024
03-05
Bankruptcy
Opening
Tribunal de l’entreprise de Liège, division Liège · event 25-04-2024
2022
19-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 19 days late
2021
31-12
Financial
Back to profitnet €3,716
Net result €3,716 after one loss-making year.
12-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 73 days late
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
2019
31-12
Financial
Back to profitnet €2,674
Net result €2,674 after one loss-making year.
17-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
19-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
13-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
30-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 30 days late
2015
18-08
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 18 days late
2014
05-08
NBB filing
Annual accounts filed
fiscal year 2013 · full schema · 5 days late
2013
09-07
NBB filing
Annual accounts filed
fiscal year 2012 · full schema
SignalFinancial 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, Beyne-Heusay
Ground area
259 m²
Building footprint
73 m²
Volume, LiDAR
291 m³
Parcel 62015B0299/00W003, Wallonia · tallest building 5.1 m, ±1 floor. Linked by address, not a title deed.
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62015B0299/00W003 | Wallonia | 259 m² | 1 · 73 m² | 5.1 m · 1 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.
Insolvency mandates
2 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | LAURA NICOLINI RUE HAUTE ROGNAC 169,
4400 FLEMALLE |
25-04-2024 → 01-09-2026 |
| Curator | VIOLAINE DEVYVER QUAI
MARCELLIS 7, 4020 LIEGE 2 |
25-04-2024 → 01-09-2026 |
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Of 1,719 companies in sector 47521 we hold annual accounts for 1,287. 628 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formCoöperatieve vennootschap met beperkte aansprakelijkheid
Founded01-07-1990
Fiscal year end31-12
Activities, NACEBEL 2025
47521Retail sale of hardware, building materials, paint and glass (general range)
41001General construction of residential buildings
43320Joinery installation
43410Roofing work
43990Other specialised construction activities
47761Retail sale of flowers, plants, seeds and fertilisers
71121Engineering and related technical consultancy, excluding land surveyors
81300Landscape service activities
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.