Active BE 0832.725.697Private limited company

Isolatiewerken Vanassche

Lindenlaan 25 ·9870 Zulte, Belgium· 15 yrs active

Conclusion Checked

The KBO register records legal situation 013 for Isolatiewerken Vanassche (Register: dissolution or liquidation); this is today's state according to the register itself, which carries no start date. The 2023 annual accounts show negative equity (€-54k) and a net result of €3k.

Based on the State Gazette, CBE and 6 annual accounts.

Key figures

Equity	€-54k
Net result	€3k
Active	15 yrs
Board	1

Snowflake analysis 5 of 5 axes measured · computed by Checked

26 / 100

Fragile profile, watch health in particular.

All 5 axes are computed from data Checked has read.

Health 0

Profitability 0

Solvency 47

Growth 58

Stability 25

Bankruptcy probability (12 mo) Checked model v1 · free

Dissolution or liquidation

The KBO register records that this company is being wound up. A twelve-month bankruptcy probability no longer says anything in that case, so we show no figure.

Risk Assessment rule-based

20 / 100

Moderate riskRegister: dissolution or liquidation

This score counts publications in the Belgian State Gazette only. The KBO register additionally records legal situation 013 for this company; it does not feed the figure above.

Components

· 1 historical bankruptcy publication (+20)

Trust signals 2 signals

Register: dissolution or liquidation

The KBO register records legal situation 013 for this company. This is today's state according to the register itself; the register carries no start date.

Prior bankruptcy

Earlier bankruptcy on record in the Belgian State Gazette, no current open procedure.

Administrative Flags 0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Health barometer FY 2023 · computed

0 / 100 Critical

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

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Computed by Checked from the NBB filing for FY 2023 and the legal situation the KBO register itself records. Indicative, not credit advice.

Financial overview7 NBB filings

Annual accounts filed on 05-09-2024 with the NBB · fiscal year 2023 · micro

Operating resultNet result

EBITDA

€15k

+4.2% 18-23

Net profit

€3k

+645.7% 18-23

Cash flow

€9k

+38.9% 18-23

Total assets

€41k

-19.5% 18-23

Equity

€-54k

+6.0% 18-23

Working capital

€3k

-66.7% 18-23

Income taxes

€51

-10.4% 18-23

Debt

€95k

-12.3% 18-23

Debt ≤ 1y

€26k

+6.1% 18-23

Debt > 1y

€69k

-17.6% 18-23

Current ratio

1.12

-19.0% 18-23

Quick ratio

1.12

-19.0% 18-23

Solvency

-131.3%

-16.7% 18-23

Debt / equity

-1.76

+6.7% 18-23

ROE

-6.4%

-693.3% 18-23

ROA

8.4%

+826.0% 18-23

Interest coverage

2.38

+34.1% 18-23

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2023
Deposit	micro
Revenue	-
EBITDA	€15k
Net profit	€3k
Cash flow	€9k
Staff costs	-
Income taxes	-
Dividends	-
Total assets	€41k
Equity	€-54k
Debt	€95k
of which ≤ 1y	€26k
of which > 1y	€69k
Working capital	€3k
Employees (FTE)	-

Ratios (computed)

	2023
Current ratio	1.12
Quick ratio	1.12
Working capital ratio	7.5%
Solvency	-131.3%
Debt / equity	-1.76
Long-term debt ratio	-1.29
Interest coverage	2.38
Gross margin	-
Net margin	-
ROA	8.4%
ROE	-6.4%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2023

Assets

Fixed assets €12k · 30.2% Current assets €29k · 69.8%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2023
Balance sheet, Assets
TOTAL ASSETS	20/58	€41k
Fixed assets	21/28	€12k
Tangible fixed assets	22/27	€10k
Financial fixed assets	28	€2k
Current assets	29/58	€29k
Amounts receivable within one year	40/41	€26k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€41k
Equity	10/15	€-54k
Contributions / capital	10/11	€19k
Reserves	13	€12k
Accumulated profits (losses)	14	€-84k
Amounts payable	17/49	€95k
Amounts payable after one year	17	€69k
Amounts payable within one year	42/48	€26k
Trade debts payable within one year	44	€10k
Income statement
Gross operating margin	9900	€15k
Operating result	9901	€10k
Financial charges	65	€6k
Result before taxes	9903	€3k
Net result for the period	9904	€3k
Result to be appropriated	9905	€3k

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Ratios computed by Checked.

Directors & mandates 1 directors

Current directors & mandates

VANASSCHE, Martin Henri Irène
Director
State Gazette act 24351671 (02-02-2024)

Current
02-02-2024 → present
2 events
- 02-02-2024 Appointed· Director
- 02-02-2024 Resigned· Manager

Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.

Legal Structure

NACE primary	-
Legal form	Private limited company(610)
Incorporation	12-01-2011
Status	Active
Postal code	9870
First BS signal	24-02-2020
Latest BS signal	24-02-2020

Establishment units 1 location

Isolatiewerken Vanassche

Lindenlaan 25, 9870 ZulteSnoeien van fruitbomen en wijnstokken

since 20112.195.059.322

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
44081C0004/00V005	Flanders	310 m²	1 · 78 m²	9.5 m · 2 fl.

Methodology

via registered seat: 1

1 of 1 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 9 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2024

05-09-2024

NBB filing Annual accounts filed

fiscal year 2023 · micro

02-02-2024

State Gazette act Director changes

Gwendolynn Ghyselinck

2023

26-07-2023

NBB filing Annual accounts filed

fiscal year 2022 · micro

2022

27-07-2022

NBB filing Annual accounts filed

fiscal year 2021 · micro

2021

12-08-2021

NBB filing Annual accounts filed

fiscal year 2020 · micro

2020

24-08-2020

NBB filing Annual accounts filed

fiscal year 2019 · micro

24-02-2020

Bankruptcy Judicial dissolution

Ondernemingsrechtbank Gent, afdeling Gent · van: ISOLATIE- WERKEN VANASSCHE BVBA - LINDENLAAN 25, 9870 ZULTE

2019

26-07-2019

NBB filing Annual accounts filed

fiscal year 2018 · micro

2018

06-07-2018

NBB filing Annual accounts filed

fiscal year 2017 · micro

Lifecycle & Insolvency Signals 1 events

24-02-2020

Bankruptcy Judicial dissolution

· Ondernemingsrechtbank Gent, afdeling Gent · van: ISOLATIE- WERKEN VANASSCHE BVBA - LINDENLAAN 25, 9870 ZULTE · Publications in State Gazette ↗

Time machine, BS events + macro context 2020, 2026

Macro context

2020-Q2/Q3 COVID lockdown

2022 energy crisis

2023-2024 ECB rate hikes

Legend

Bankruptcy

Interim / reorg

KBO event

Belgisch Staatsblad, acts 1 acts

All acts · 1 updated 2 years ago

2024

02-02-2024 1 director appointed, 1 resigning Director changes·Gwendolynn Ghyselinck

VANASSCHE, Martin Henri Irène, Bestuurder
VANASSCHE, Martin Henri Irène, Zaakvoerder

Notary: Gwendolynn Ghyselinck · ZulteFirm: Van den Weghe & Ghyselinck, geassocieerde notarissen BV

Original publication ↗

Technical details

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Credit advice verdict per customer and amount

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Company registry (CBE) Crossroads Bank

Names & trade names

Legal nameNL

Isolatiewerken Vanassche

Registered office

Lindenlaan 25

9870 Zulte, Belgium

Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.