ISOLASTUC
Open bankruptcyA bankruptcy procedure is open for ISOLASTUC according to publications in the Belgian State Gazette; curator: JONAH DEKEYZER.
Summary
The 2022 annual accounts show negative equity (-€45,042) and a net result of -€31,024.
Are you a creditor?
Open bankruptcy
Source: Belgian Official Gazette
If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.
The procedure
- Court
- Enterprise Court of Ghent, Kortrijk division
- Declared bankrupt
- 3 October 2023
- Supervising judge
- Johan Veys
- Official Gazette
- 09-10-2023 (pdf) ↗search the document for 2023/137197
Curator
- Jonah DekeyzerLouis Verweestraat 2, 8500 Kortrijkjonah.dekeyzer@advocaat.be
What to do now
- Do not deliver on credit any more without an agreement with the curator.
- Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
- File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
- Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
- Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.
Deadlines: the judgment sets the last day to file your claim, by law at most thirty days after the judgment, and the day of the first verification report. Both dates are in the publication in the Official Gazette and in RegSol; Checked does not read them yet. A late claim is sometimes still possible, but not without consequences.
File a claim in RegSol ↗
Watch
Follow this bankruptcy: you are alerted when it is closed or reversed.
General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help. Full guide for creditors
Signals
Three 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 30-06-2022 was due by 31-01-2023 and was filed on 14-02-2023, 14 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 · 3 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
not filed
2022
14 d late
2021
148 d late
2020
1 d early
← 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 54 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)
History
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date Are there other customers at risk in your own list?Debtor check How is the Other specialised construction activities sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2022, micro schema
Equity
-€45,042▼ 221%
2021 · -€14,018
Total assets
€388,533▼ 0.8%
2021 · €391,667
Net result
-€31,024▼ 228%
2021 · -€9,455
Working capital
€197,504▼ 15.9%
2021 · €234,775
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
Line202020212022
Operating result-€5,706-€1,035-€19,098
Net result-€10,762--€9,455▲ 12.1%-€31,024▼ 228%
Equity-€4,562--€14,018▼ 207%-€45,042▼ 221%
Total assets€295,427-€391,667▲ 32.6%€388,533▼ 0.8%
Debt€299,989-€405,684▲ 35.2%€433,575▲ 6.9%
Working capital€191,805-€234,775▲ 22.4%€197,504▼ 15.9%
Staff (FTE)0.7-
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2022: a loss of €19,098 after €1,035 in 2021, the lowest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €388,327
Fixed assets
€5,766 ▼ 22.6%
Current assets
€382,561 ▼ 0.3%
Key figures and ratios
EBITDA
-€17,263▼
2021 · €2,986
Cash flow
-€29,189▼
2021 · -€7,505
Solvency
-11.6%▼
2021 · -3.6%
Current ratio
2.07▼
2021 · 2.57
Quick ratio
0.16▲
2021 · 0.10
Debt to equity
-9.63▲
2021 · -28.94
ROA
-8.0%▼
2021 · -2.4%
Interest coverage
-1.45▼
2021 · 0.28
Debt ≤ 1 year
€185,056▲
2021 · €149,084
Debt > 1 year
€243,219▼
2021 · €250,000
Staff costs
€33,896▼
2021 · €36,889
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €36,889 | €33,896 | ▼ 8.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,043 | €1,951 | €1,835 | ▼ 5.9% |
| Other operating charges640/8 | - | €2,043 | €1,684 | ▼ 17.5% |
| Non-recurring operating charges66A | - | €68 | €360 | ▲ 429% |
| Gross operating margin9900 | €45,615 | €41,986 | €18,678 | ▼ 55.5% |
| Operating profit (loss)9901 | -€5,706 | €1,035 | -€19,098 | ▼ 1,945% |
| Financial income75/76B | - | €22 | €0 | ▼ 100.0% |
| Recurring financial income75 | €165 | €22 | €0 | ▼ 100.0% |
| Financial charges65/66B | - | €10,513 | €11,926 | ▲ 13.4% |
| Recurring financial charges65 | €5,221 | €10,513 | €11,926 | ▲ 13.4% |
| Profit (loss) for the period before taxes9903 | -€10,762 | -€9,455 | -€31,024 | ▼ 228% |
| Profit (loss) for the period9904 | -€10,762 | -€9,455 | -€31,024 | ▼ 228% |
| Profit (loss) for the period to be appropriated9905 | -€10,762 | -€9,455 | -€31,024 | ▼ 228% |
| Line | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €295,427 | €391,667 | €388,533 | ▼ 0.8% |
| Formation expenses20 | €505 | €355 | €206 | ▼ 42.0% |
| Fixed assets21/28 | €9,067 | €7,452 | €5,766 | ▼ 22.6% |
| Tangible fixed assets22/27 | €7,192 | €5,577 | €3,891 | ▼ 30.2% |
| Plant, machinery and equipment23 | - | €3,091 | €1,742 | ▼ 43.7% |
| Other tangible fixed assets26 | - | €2,486 | €2,149 | ▼ 13.5% |
| Financial fixed assets28 | €1,875 | €1,875 | €1,875 | = |
| Current assets29/58 | €285,855 | €383,859 | €382,561 | ▼ 0.3% |
| Stocks and contracts in progress3 | €254,918 | €369,547 | €352,547 | ▼ 4.6% |
| Stocks30/36 | - | €305,047 | €305,047 | = |
| Contracts in progress37 | - | €64,500 | €47,500 | ▼ 26.4% |
| Amounts receivable within one year40/41 | €2,661 | €9,590 | €26,554 | ▲ 177% |
| Trade receivables40 | - | €4,546 | €20,000 | ▲ 340% |
| Other amounts receivable41 | - | €5,044 | €6,554 | ▲ 29.9% |
| Cash at bank and in hand54/58 | - | €460 | - | - |
| Deferred charges and accrued income490/1 | - | €4,262 | €3,460 | ▼ 18.8% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €295,427 | €391,667 | €388,533 | ▼ 0.8% |
| Equity10/15 | -€4,562 | -€14,018 | -€45,042 | ▼ 221% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | = |
| Capital10 | - | €6,200 | €6,200 | = |
| Issued capital100 | - | €18,600 | €18,600 | = |
| Uncalled capital101 | - | €12,400 | €12,400 | = |
| Profit (loss) carried forward14 | -€10,762 | -€20,218 | -€51,242 | ▼ 153% |
| Amounts payable17/49 | €299,989 | €405,684 | €433,575 | ▲ 6.9% |
| Amounts payable after more than one year17 | €200,000 | €250,000 | €243,219 | ▼ 2.7% |
| Financial debts170/4 | - | €250,000 | €243,219 | ▼ 2.7% |
| Amounts payable within one year42/48 | €94,050 | €149,084 | €185,056 | ▲ 24.1% |
| Financial debts43 | - | €24,641 | €49,492 | ▲ 101% |
| Credit institutions430/8 | - | €24,641 | €49,492 | ▲ 101% |
| Trade debts44 | €20,559 | €35,111 | €39,410 | ▲ 12.2% |
| Suppliers440/4 | - | €35,111 | €39,410 | ▲ 12.2% |
| Taxes, remuneration and social security45 | - | €34,187 | €30,098 | ▼ 12.0% |
| Taxes450/3 | - | €19,752 | €25,055 | ▲ 26.8% |
| Remuneration and social security454/9 | - | €14,435 | €5,043 | ▼ 65.1% |
| Other amounts payable47/48 | - | €55,144 | €66,056 | ▲ 19.8% |
| Accrued charges and deferred income492/3 | - | €6,601 | €5,299 | ▼ 19.7% |
| Line | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€10,762 | -€9,455 | -€31,024 | ▼ 228% |
| + Depreciation and write-downs630 | €3,043 | €1,951 | €1,835 | ▼ 5.9% |
| Operating cash flow (approximation) | -€7,719 | -€7,505 | -€29,189 | ▼ 289% |
| Investment in fixed assets (approximation) | - | -€336 | -€149 | ▲ 55.6% |
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
2023
09-10
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Kortrijk · event 03-10-2023
14-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 14 days late
2022
30-06
Financial
Weakest financial yearnet -€31,024
Net result drops to -€31,024, the lowest in the series.
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 148 days late
2021
30-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Kortrijk · 1 establishment unit since 2018
Ground area
2,667 m²
Building footprint
537 m²
Volume, LiDAR
3,262 m³
2 parcels, Flanders · tallest building 35.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Olekenbosstraat 25, 8570 Anzegem
since 20182.284.191.335
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34038A0166/00H002 | Flanders | 2,615 m² | 1 · 485 m² | 35.0 m · 2 fl. |
| 34354C0003/00L002 | Flanders | 52 m² | 1 · 52 m² | 12.4 m · 2 fl. |
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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | JONAH DEKEYZER LOUIS VERWEESTRAAT 2,
8500 KORTRIJK |
03-10-2023 → present |
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 15,521 companies in sector 43990 we hold annual accounts for 7,416. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded19-11-2018
Fiscal year end30-06
Activities, NACEBEL 2025
43990Other specialised construction activities
46160Agents in the wholesale of textiles, clothing, fur, footwear and leather goods
56210Event catering
Scores and ratios are computed by Checked and are not a credit decision.