Isolatec
ActiveSummary
Isolatec has been active since 1985 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €11.1m and a net result of €39,818. Equity remains stable across the filed fiscal years (±1.3% per year). Its solvency ranks better than 95% of 5071 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability13▲+1
Solvency100=
Growth44=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €700,000 at 30 days acceptable
Liquidity ample (current ratio 24.89 against 18.09 in 2024; short-term debt: 4% and cash: 3.5% of total assets), and 4% 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
Four 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
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
96%
Return on assets
0.3%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 03-07-2026, 28 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
28 d early
2024
27 d early
2023
47 d late
2022
49 d late
2021
44 d late
2020
6 d late
2019
42 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 19 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 13 September (4 of the last 5 filed years within 71 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Is the workforce growing, and do people stay?Employer check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Public money
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, full schema
Turnover
€7.1m▼ 6.4%
2024 · €7.6m
EBIT margin
-5.2%▲ 3.4pp
2024 · -8.6%
Net result
€39,818
2024 · -€122,076
Working capital
€11.1m▲ 0.5%
2024 · €11.0m
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€7.5m▼ 3.0%€8.6m▲ 14.9%€7.7m▼ 10.5%€7.6m▼ 0.6%€7.1m▼ 6.4%
Operating result€299,618▼ 54.0%-€290,450-€525,345▼ 80.9%-€654,394▼ 24.6%-€368,238▲ 43.7%
Net result€348,961within the sector's middle half▼ 44.7%-€35,897below the sector's middle half-€82,994below the sector's middle half▼ 131%-€122,076below the sector's middle half▼ 47.1%€39,818within the sector's middle half
EBIT margin4.0%▼ 4.5pp-3.4%▼ 7.4pp-6.8%▼ 3.5pp-8.6%▼ 1.7pp-5.2%▲ 3.4pp
Equity€11.3mabove the sector's middle half▲ 3.2%€11.3mabove the sector's middle half▼ 0.3%€11.2mabove the sector's middle half▼ 0.7%€11.1mabove the sector's middle half▼ 1.1%€11.1mabove the sector's middle half▲ 0.4%
Total assets€12.7mabove the sector's middle half▲ 2.0%€12.6mabove the sector's middle half▼ 0.9%€11.9mwithin the sector's middle half▼ 5.4%€11.7mwithin the sector's middle half▼ 1.6%€11.6mwithin the sector's middle half▼ 1.2%
Debt€1.4m▼ 6.8%€1.3m▼ 5.7%€708,967▼ 45.9%€644,906▼ 9.0%€463,616▼ 28.1%
Working capital€11.3mabove the sector's middle half▲ 3.2%€11.2mabove the sector's middle half▼ 0.6%€11.1mabove the sector's middle half▼ 0.9%€11.0mabove the sector's middle half▼ 1.0%€11.1mabove the sector's middle half▲ 0.5%
Solvency89.1%above the sector's middle half▲ 1.0pp89.6%above the sector's middle half▲ 0.5pp94.0%above the sector's middle half▲ 4.5pp94.5%above the sector's middle half▲ 0.5pp96.0%above the sector's middle half▲ 1.5pp
Current ratio9.14above the sector's middle half▲ 0.799.58above the sector's middle half▲ 0.4416.74above the sector's middle half▲ 7.1718.09above the sector's middle half▲ 1.3524.89above the sector's middle half▲ 6.80
Return on assets (ROA)2.7%within the sector's middle half▼ 2.3pp-0.3%below the sector's middle half▼ 3.0pp-0.7%below the sector's middle half▼ 0.4pp-1.0%below the sector's middle half▼ 0.3pp0.3%within the sector's middle half▲ 1.4pp
Staff (FTE)14.1within the sector's middle half▲ 12.8%15.6within the sector's middle half▲ 10.6%16.2within the sector's middle half▲ 3.8%15.5within the sector's middle half▼ 4.3%11within the sector's middle half▼ 29.0%
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €368,238 in 2025 against €654,394 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €11.6m
Fixed assets
€44,986 ▼ 24.1%
Current assets
€11.5m ▼ 1.1%
Equity and liabilities €11.6m
Equity
€11.1m ▲ 0.4%
Debt
€463,616 ▼ 28.1%
Debt's share of the balance-sheet total falls from 5.5% to 4.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
-€347,808▲
2024 · -€635,939
Cash flow
€60,248▲
2024 · -€103,621
Quick ratio
23.48▲
2024 · 17.20
Debt to equity
0.04▼
2024 · 0.06
ROE
0.4%▲
2024 · -1.1%
Interest coverage
-7.38▲
2024 · -18.44
Debt ≤ 1 year
€463,616▼
2024 · €644,906
Income taxes
€1,770▼
2024 · €1,891
Staff costs
€938,886▼
2024 · €1.2m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 14,732 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 96% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.2%
went bankrupt
3.5%
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 bankruptcy probability of 0.3% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.8% |
| 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 14,732 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | €7.5m | €8.6m | €7.8m | €7.8m | €7.2m | ▼ 7.8% |
| Turnover70 | €7.5m | €8.6m | €7.7m | €7.6m | €7.1m | ▼ 6.4% |
| Other operating income74 | €3,188 | €2,524 | €168,968 | €157,760 | €41,615 | ▼ 73.6% |
| Operating charges60/66A | €7.2m | €8.9m | €8.4m | €8.4m | €7.5m | ▼ 10.6% |
| Goods for resale, raw materials and consumables60 | €5.2m | €6.3m | €5.6m | €5.7m | €5.4m | ▼ 6.1% |
| Purchases600/8 | €5.2m | €6.5m | €5.5m | €5.6m | €5.4m | ▼ 3.2% |
| Change in stocks: decrease (increase)609 | -€16,515 | -€220,913 | €119,547 | €108,089 | -€60,161 | ▼ 156% |
| Services and other goods61 | €1.1m | €1.2m | €1.4m | €1.3m | €1.2m | ▼ 5.9% |
| Remuneration, social security and pensions62 | €881,275 | €1.1m | €1.2m | €1.2m | €938,886 | ▼ 24.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,665 | €11,283 | €16,249 | €18,455 | €20,430 | ▲ 10.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €4,829 | €351,342 | €25,176 | €93,879 | -€12,365 | ▼ 113% |
| Other operating charges640/8 | €11,092 | €10,168 | €7,834 | €42,706 | €18,844 | ▼ 55.9% |
| Non-recurring operating charges66A | - | - | - | €45,615 | - | - |
| Operating profit (loss)9901 | €299,618 | -€290,450 | -€525,345 | -€654,394 | -€368,238 | ▲ 43.7% |
| Financial income75/76B | €220,516 | €310,161 | €498,999 | €568,687 | €456,943 | ▼ 19.6% |
| Recurring financial income75 | €220,516 | €310,161 | €498,999 | €568,687 | €456,943 | ▼ 19.6% |
| Income from current assets751 | €82,807 | €115,836 | €333,242 | €421,844 | €304,063 | ▼ 27.9% |
| Other financial income752/9 | €137,709 | €194,325 | €165,757 | €146,843 | €152,880 | ▲ 4.1% |
| Financial charges65/66B | €36,346 | €53,873 | €51,004 | €34,478 | €47,117 | ▲ 36.7% |
| Recurring financial charges65 | €36,346 | €53,873 | €51,004 | €34,478 | €47,117 | ▲ 36.7% |
| Debt charges650 | - | - | €34 | - | - | - |
| Other financial charges652/9 | €36,346 | €53,873 | €50,970 | €34,478 | €47,117 | ▲ 36.7% |
| Profit (loss) for the period before taxes9903 | €483,788 | -€34,162 | -€77,350 | -€120,185 | €41,588 | ▲ 135% |
| Income taxes67/77 | €134,827 | €1,735 | €5,644 | €1,891 | €1,770 | ▼ 6.4% |
| Taxes670/3 | €134,827 | €1,735 | €5,644 | €1,891 | €1,770 | ▼ 6.4% |
| Profit (loss) for the period9904 | €348,961 | -€35,897 | -€82,994 | -€122,076 | €39,818 | ▲ 133% |
| Profit (loss) for the period to be appropriated9905 | €348,961 | -€35,897 | -€82,994 | -€122,076 | €39,818 | ▲ 133% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €12.7m | €12.6m | €11.9m | €11.7m | €11.6m | ▼ 1.2% |
| Fixed assets21/28 | €16,796 | €43,544 | €68,364 | €59,307 | €44,986 | ▼ 24.1% |
| Tangible fixed assets22/27 | €16,796 | €43,044 | €68,364 | €59,307 | €44,986 | ▼ 24.1% |
| Plant, machinery and equipment23 | €13,411 | €20,293 | €52,840 | €39,703 | €30,837 | ▼ 22.3% |
| Furniture and vehicles24 | €3,385 | €21,389 | €15,524 | €19,604 | €14,149 | ▼ 27.8% |
| Assets under construction and advance payments27 | - | €1,362 | €0 | - | - | - |
| Financial fixed assets28 | - | €500 | €0 | - | - | - |
| Other financial fixed assets284/8 | - | €500 | €0 | - | - | - |
| Amounts receivable and cash guarantees285/8 | - | €500 | €0 | - | - | - |
| Current assets29/58 | €12.7m | €12.6m | €11.8m | €11.7m | €11.5m | ▼ 1.1% |
| Stocks and contracts in progress3 | €580,802 | €801,715 | €682,168 | €574,079 | €653,624 | ▲ 13.9% |
| Stocks30/36 | €580,802 | €801,715 | €682,168 | €574,079 | €653,624 | ▲ 13.9% |
| Goods purchased for resale34 | €580,802 | €801,715 | €682,168 | €574,079 | €653,624 | ▲ 13.9% |
| Amounts receivable within one year40/41 | €11.3m | €11.0m | €10.7m | €10.7m | €10.5m | ▼ 2.2% |
| Trade receivables40 | €2.1m | €1.9m | €1.7m | €1.7m | €1.5m | ▼ 10.1% |
| Other amounts receivable41 | €9.2m | €9.1m | €9.0m | €9.0m | €8.9m | ▼ 0.7% |
| Cash at bank and in hand54/58 | €859,520 | €740,475 | €431,092 | €368,601 | €401,371 | ▲ 8.9% |
| Deferred charges and accrued income490/1 | €4,223 | €0 | €30,635 | €14,513 | €9,055 | ▼ 37.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €12.7m | €12.6m | €11.9m | €11.7m | €11.6m | ▼ 1.2% |
| Equity10/15 | €11.3m | €11.3m | €11.2m | €11.1m | €11.1m | ▲ 0.4% |
| Contributions10/11 | €24,800 | €24,800 | €24,800 | €24,800 | €24,800 | = |
| Reserves13 | €653,309 | €653,309 | €653,309 | €653,309 | €653,309 | = |
| Non-distributable reserves130/1 | €2,480 | €2,480 | €2,480 | €2,480 | €2,480 | = |
| Reserves not available under the articles1311 | €2,480 | €2,480 | €2,480 | €2,480 | €2,480 | = |
| Distributable reserves133 | €650,829 | €650,829 | €650,829 | €650,829 | €650,829 | = |
| Profit (loss) carried forward14 | €10.6m | €10.6m | €10.5m | €10.4m | €10.4m | ▲ 0.4% |
| Amounts payable17/49 | €1.4m | €1.3m | €708,967 | €644,906 | €463,616 | ▼ 28.1% |
| Amounts payable within one year42/48 | €1.4m | €1.3m | €707,391 | €644,906 | €463,616 | ▼ 28.1% |
| Trade debts44 | €463,211 | €631,505 | €475,725 | €360,120 | €345,019 | ▼ 4.2% |
| Suppliers440/4 | €463,211 | €631,505 | €475,725 | €360,120 | €345,019 | ▼ 4.2% |
| Taxes, remuneration and social security45 | €578,868 | €326,446 | €225,163 | €274,350 | €113,331 | ▼ 58.7% |
| Taxes450/3 | €456,446 | €221,270 | €74,052 | €92,592 | €27,071 | ▼ 70.8% |
| Remuneration and social security454/9 | €122,422 | €105,176 | €151,111 | €181,758 | €86,260 | ▼ 52.5% |
| Other amounts payable47/48 | €346,763 | €352,706 | €6,503 | €10,436 | €5,266 | ▼ 49.5% |
| Accrued charges and deferred income492/3 | €1,222 | €0 | €1,576 | €0 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €348,961 | -€35,897 | -€82,994 | -€122,076 | €39,818 | ▲ 133% |
| + Depreciation and write-downs630 | €5,665 | €11,283 | €16,249 | €18,455 | €20,430 | ▲ 10.7% |
| Operating cash flow (approximation) | €354,626 | -€24,614 | -€66,745 | -€103,621 | €60,248 | ▲ 158% |
| Investment in fixed assets (approximation) | - | -€38,031 | -€41,069 | -€9,398 | -€6,109 | ▲ 35.0% |
| Change in cash | - | -€119,045 | -€309,383 | -€62,491 | €32,770 | ▲ 152% |
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
Next filing, fiscal year 2026, expected by
2026
03-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Back to profitnet €39,818
Net result €39,818 after 3 loss-making years.
04-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Weakest financial yearnet -€122,076
Net result drops to -€122,076, the lowest in the series; recovery starts the following year.
16-09
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 47 days late
2023
18-09
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 49 days late
2022
13-09
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 44 days late
2021
06-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 6 days late
2020
11-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 42 days late
2019
31-12
Financial
Equity above €10mEq €10.3m ▲6.6%
2 profitable years in a row build equity to €10.3m.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 30 days late
2018
14-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
15-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 12 acts read
About the unread acts
We know of 12 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
12 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, Hasselt · 1 establishment unit since 2014
Ground area
4,720 m²
Building footprint
2,080 m²
Volume, LiDAR
16,530 m³
2 parcels, Flanders · tallest building 13.1 m, ±3 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
ISOLATEC
since 20142.232.002.068
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71323C0310/00B008 | Flanders | 2,937 m² | 1 · 1,996 m² | 11.0 m · 3 fl. |
| 71323C0310/00K006 | Flanders | 1,782 m² | 1 · 84 m² | 13.1 m · 1 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.
Structure & network
Owners and holdings
1 ownerChain of control
- SIG European Investments LimitedGB
- SIG BELGIUM HOLDING
- Isolatec
Highest known parent: SIG European Investments Limited (United Kingdom). The sources do not say who stands above it.
Owners 1
-
100%
Holdings 0
The accounts to 31-12-2025 list no holdings, and no other source names one.
According to the 2025 annual accounts of Isolatec and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 852 EUR awarded · 852 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 852 EUR | 852 EUR |
Schemes
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Of 396 companies in sector 46839 we hold annual accounts for 251. 66 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
Founded15-03-1985
Fiscal year end31-12
Activities, NACEBEL 2025
43230Insulation installation
46839Wholesale trade
46831Wholesale of construction materials, general range
Contact
E-mail
chris.philips@isolatie.beHasselt
Phone
011/223999Hasselt
E-invoicing
Reachable via Peppol
Peppol ID
0208:0426926890
Also
9925:BE0426926890
Registered
24-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.