Skip to content

ISOL DZ

Active
Private limited companyfounded 20224 yrs activeA. Van der Moerenstraat 35 W2, 9240 Zele, BelgiumKBO/BCE: BE 0788.892.387
Summary

The computed 12-month bankruptcy probability of ISOL DZ is 2.6% (moderate). The 2024 annual accounts show equity of €61,820 and a net result of €32,066. Equity is growing by ~89.4% per year across the filed fiscal years. Its solvency ranks better than 74% of 36386 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2024
59 / 100
Fair
A confirmed filing finding caps the score. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100=
Solvency93▲+6
Growth85▲+7
Track record94
Bankruptcy probability, 12 months
2.6% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,500 at 30 days only on tighter terms
Liquidity ample (current ratio 2.57 against 2.39 in 2023; short-term debt: 31.6% and cash: 19.8% of total assets), and 31.6% of the assets are financed with debt.
Credit check for your own amount and term

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

Signals

Three signals. The signal on the left, the evidence on the right.
+raises risk
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 date
Age against the risk zone
highest failure risk from 2 to 8 years 4 years 0 10 y
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 →
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 13-11-2025, 105 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 3 filings
Deviation from the deadline
2025
not confirmed
2024
105 d late
2023
131 d late
2022
151 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 129 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 26 July 2022, ISOL DZ was incorporated as a Private limited company.1 Total assets went from EUR 14,742 in 2022 to EUR 90,354 in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2022 and 2024

Go further with this company

Is this your company? See how customers and banks see it.

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

Financials · fiscal year 2024, micro schema

Turnover
€151,476▲ 129%
2023 · €66,221
EBIT margin
28.3%▼ 12.7pp
2023 · 41.0%
Net result
€32,066▲ 51.6%
2023 · €21,155
Working capital
€44,756▲ 79.5%
2023 · €24,927
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line202220232024
Turnover€66,221€151,476▲ 129%
Operating result€8,321-€27,124▲ 226%€42,793▲ 57.8%
Net result€6,600within the sector's middle half-€21,155within the sector's middle half▲ 221%€32,066above the sector's middle half▲ 51.6%
EBIT margin41.0%28.3%▼ 12.7pp
Equity€8,600below the sector's middle half-€29,754within the sector's middle half▲ 246%€61,820within the sector's middle half▲ 108%
Total assets€14,742below the sector's middle half-€47,709below the sector's middle half▲ 224%€90,354within the sector's middle half▲ 89.4%
Debt€6,142-€17,955▲ 192%€28,534▲ 58.9%
Working capital€1,139below the sector's middle half-€24,927within the sector's middle half▲ 2,089%€44,756within the sector's middle half▲ 79.5%
Solvency58.3%within the sector's middle half-62.4%within the sector's middle half▲ 4.0pp68.4%within the sector's middle half▲ 6.1pp
Current ratio1.19within the sector's middle half-2.39within the sector's middle half▲ 1.202.57within the sector's middle half▲ 0.18
Return on assets (ROA)44.8%above the sector's middle half-44.3%above the sector's middle half▼ 0.4pp35.5%above the sector's middle half▼ 8.9pp
above within below the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
€0€20,000€40,000Operating result 2022: €8,321€8,321Net result 2022: €6,600€6,600Operating result 2023: €27,124€27,124Net result 2023: €21,155€21,155Operating result 2024: €42,793€42,793Net result 2024: €32,066€32,066202220232024€0€20,000€40,000Operating result 2022: €8,321€8,320Net result 2022: €6,600€6,600Operating result 2023: €27,124€27,100Net result 2023: €21,155€21,200Operating result 2024: €42,793€42,800Net result 2024: €32,066€32,100202220232024
The operating result has risen two years in a row; 2024 is 58% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €90,354
Fixed assets €17,065 ▲ 253%
Current assets €73,290 ▲ 70.9%
Equity and liabilities €90,354
Equity €61,820 ▲ 108%
Debt €28,534 ▲ 58.9%
Debt's share of the balance-sheet total falls from 37.6% to 31.6%. Equity and debt are higher.
Key figures and ratios
2024 value · change against 2023
EBITDA
€49,996▲
2023 · €29,758
Cash flow
€39,269▲
2023 · €23,788
Debt to equity
0.46▼
2023 · 0.60
ROE
51.9%▼
2023 · 71.1%
Interest coverage
326.20▼
2023 · 774.33
Debt ≤ 1 year
€28,534▲
2023 · €17,955
Income taxes
€10,574▲
2023 · €5,931
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 39,278 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 96% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.8% went bankrupt
2.3% stopped otherwise
96% still going

A further 0.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 2.6% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.9%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 39,278 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2024 against 2023 · 34 lines
Balance sheet Code20232024
Assets
Total assets20/58€47,709€90,354▲
Fixed assets21/28€4,828€17,065▲
Tangible fixed assets22/27€4,828€17,065▲
Furniture and vehicles24€4,828€17,065▲
Current assets29/58€42,881€73,290▲
Amounts receivable within one year40/41€40,769€55,402▲
Trade receivables40€14,735€34,918▲
Other amounts receivable41€26,035€20,484▼
Cash at bank and in hand54/58€2,112€17,888▲
Equity and liabilities
Total equity and liabilities10/49€47,709€90,354▲
Equity10/15€29,754€61,820▲
Contributions10/11€2,000€2,000=
Profit (loss) carried forward14€27,754€59,820▲
Amounts payable17/49€17,955€28,534▲
Amounts payable within one year42/48€17,955€28,534▲
Trade debts44€7,452€12,029▲
Suppliers440/4€7,452€12,029▲
Taxes, remuneration and social security45€10,503€16,505▲
Taxes450/3€10,418€16,505▲
Remuneration and social security454/9€85-
Income statement Code20232024
Turnover70€66,221€151,476▲
Goods, raw materials, services and sundry goods60/61€35,902€93,661▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,633€7,203▲
Other operating charges640/8€562€7,819▲
Gross operating margin9900€30,319€57,815▲
Operating profit (loss)9901€27,124€42,793▲
Financial charges65/66B€38€153▲
Recurring financial charges65€38€153▲
Profit (loss) for the period before taxes9903€27,086€42,640▲
Income taxes67/77€5,931€10,574▲
Profit (loss) for the period9904€21,155€32,066▲
Profit (loss) for the period to be appropriated9905€21,155€32,066▲
Appropriation of the result
Profit (loss) to be appropriated9906€27,754€59,820▲
Profit (loss) brought forward from the previous period14P€6,600€27,754▲

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line202220232024Change
Turnover70-€66,221€151,476▲ 129%
Goods, raw materials, services and sundry goods60/61-€35,902€93,661▲ 161%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€439€2,633€7,203▲ 174%
Other operating charges640/8€175€562€7,819▲ 1,292%
Gross operating margin9900€8,935€30,319€57,815▲ 90.7%
Operating profit (loss)9901€8,321€27,124€42,793▲ 57.8%
Financial charges65/66B€38€38€153▲ 299%
Recurring financial charges65€38€38€153▲ 299%
Profit (loss) for the period before taxes9903€8,283€27,086€42,640▲ 57.4%
Income taxes67/77€1,683€5,931€10,574▲ 78.3%
Profit (loss) for the period9904€6,600€21,155€32,066▲ 51.6%
Profit (loss) for the period to be appropriated9905€6,600€21,155€32,066▲ 51.6%
Line202220232024Change
Assets
Total assets20/58€14,742€47,709€90,354▲ 89.4%
Fixed assets21/28€7,461€4,828€17,065▲ 253%
Tangible fixed assets22/27€7,461€4,828€17,065▲ 253%
Furniture and vehicles24€7,461€4,828€17,065▲ 253%
Current assets29/58€7,281€42,881€73,290▲ 70.9%
Amounts receivable within one year40/41€2,288€40,769€55,402▲ 35.9%
Trade receivables40€1,303€14,735€34,918▲ 137%
Other amounts receivable41€985€26,035€20,484▼ 21.3%
Cash at bank and in hand54/58€4,993€2,112€17,888▲ 747%
Equity and liabilities
Total equity and liabilities10/49€14,742€47,709€90,354▲ 89.4%
Equity10/15€8,600€29,754€61,820▲ 108%
Contributions10/11€2,000€2,000€2,000=
Profit (loss) carried forward14€6,600€27,754€59,820▲ 116%
Amounts payable17/49€6,142€17,955€28,534▲ 58.9%
Amounts payable within one year42/48€6,142€17,955€28,534▲ 58.9%
Trade debts44€3,770€7,452€12,029▲ 61.4%
Suppliers440/4€3,770€7,452€12,029▲ 61.4%
Taxes, remuneration and social security45€2,372€10,503€16,505▲ 57.1%
Taxes450/3€2,317€10,418€16,505▲ 58.4%
Remuneration and social security454/9€56€85--
Line202220232024Change
Profit (loss) for the period9904€6,600€21,155€32,066▲ 51.6%
+ Depreciation and write-downs630€439€2,633€7,203▲ 174%
Operating cash flow (approximation)€7,039€23,788€39,269▲ 65.1%
Investment in fixed assets (approximation)-€0-€19,440-
Change in cash--€2,881€15,776▲ 648%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Timeline · acts, filings and financial milestones

2025
13-11
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 105 days late
2024
31-12
Financial Highest result since 2022net €32,066 ▲51.6%
Operating result €42,793, net result €32,066, both a record.
09-12
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 131 days late
2023
31-12
Financial Liquidity doublescurrent ratio 2.39
Current ratio from 1.19 to 2.39.
29-12
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 151 days late
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.

Have them read with priority Sign in to place this company at the front of the reading queue.

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, Zele · 1 establishment unit since 2022
seat establishment The establishment unit on the map
Ground area
387 m²
Building footprint
59 m²
Volume, LiDAR
482 m³
2 parcels, Flanders · tallest building 10.8 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
ISOL DZ
Lange Akker 107, 9240 ZeleCivil engineering
since 20222.338.525.785
2 parcels
Flanders 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
42028A1089/00E000 Flanders 363 m² 1 · 59 m² 10.8 m · 3 fl.
42403E0705/00W000 Flanders 23 m² - -
Linked by address, not proof of ownership
Good to know
2 of 2 parcels 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

Of 4,269 companies in sector 43230 we hold annual accounts for 1,241. 1,042 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
Founded26-07-2022
Fiscal year end31-12
Activities, NACEBEL 2025
43230Insulation installation
43222Installation of electric heating, air conditioning, cooling and ventilation
43990Other specialised construction activities
E-invoicing
Reachable via Peppol
Peppol ID 0208:0788892387
Also 9925:BE0788892387
Registered 01-01-2026

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.