ISOLATION SERVICES
ActiveSummary
ISOLATION SERVICES has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €546k and a net result of €188k. Equity is growing by ~16% per year across the filed fiscal years. Its solvency ranks better than 76% of 7838 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability98▲+12
Solvency92▲+7
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45k at 30 days acceptable
Liquidity ample (current ratio 2.98 against 2.53 in 2024; short-term debt: 28.1% and cash: 32% of total assets), and 33% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 →
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
67%
Return on assets
23.1%
Age of the figures
9 mo
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
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 16-07-2026, 15 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
15 d early
2024
1 d early
2023
1 d early
2022
30 d late
2021
30 d late
2020
30 d late
2019
42 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€188k▲ 63.6%
2024 · €115k
2018: €42klowest in 8 years
2019: €59k▲ +41.8% vs 2018
2020: €42k▼ -28.6% vs 2019
2021: €76k▲ +80.4% vs 2020
2022: €114k▲ +49.1% vs 2021
2023: €111k▼ -2.5% vs 2022
2024: €115k▲ +3.6% vs 2023
2025: €188k▲ +63.6% vs 2024highest in 8 years
2018 → 2025
Working capital
€453k▲ 16.2%
2024 · €390k
2018: €128klowest in 8 years
2019: €168k▲ +31.6% vs 2018
2020: €183k▲ +8.8% vs 2019
2021: €237k▲ +29.6% vs 2020
2022: €155k▼ -34.6% vs 2021
2023: €323k▲ +108% vs 2022
2024: €390k▲ +20.9% vs 2023
2025: €453k▲ +16.2% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€311k-€382k▲ 22.8%€429k▲ 12.3%€487k▲ 13.6%€546k▲ 12.1%
2021: €311klowest in 5 years
2022: €382k▲ +22.8% vs 2021
2023: €429k▲ +12.3% vs 2022
2024: €487k▲ +13.6% vs 2023
2025: €546k▲ +12.1% vs 2024highest in 5 years
Operating result€120k-€157k▲ 30.6%€182k▲ 15.8%€177k▼ 2.4%€268k▲ 50.9%
2021: €120klowest in 5 years
2022: €157k▲ +30.6% vs 2021
2023: €182k▲ +15.8% vs 2022
2024: €177k▼ -2.4% vs 2023
2025: €268k▲ +50.9% vs 2024highest in 5 years
Net result€76k-€114k▲ 49.1%€111k▼ 2.5%€115k▲ 3.6%€188k▲ 63.6%
2021: €76klowest in 5 years
2022: €114k▲ +49.1% vs 2021
2023: €111k▼ -2.5% vs 2022
2024: €115k▲ +3.6% vs 2023
2025: €188k▲ +63.6% vs 2024highest in 5 years
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 51% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €815k
Fixed assets
€133k ▼ 22.3%
Current assets
€682k ▲ 5.7%
Equity and liabilities €815k
Equity
€546k ▲ 12.1%
Debt
€269k ▼ 18.2%
Debt's share of the balance-sheet total falls from 40.4% to 33.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€313k▲
2024 · €227k
Cash flow
€234k▲
2024 · €165k
Current ratio
2.98▲
2024 · 2.53
Quick ratio
2.74▲
2024 · 2.35
Debt to equity
0.49▼
2024 · 0.68
ROE
34.5%▲
2024 · 23.6%
ROA
23.1%▲
2024 · 14.1%
Interest coverage
19.99▲
2024 · 10.95
Debt ≤ 1 year
€229k▼
2024 · €255k
Debt > 1 year
€40k▼
2024 · €74k
Income taxes
€87k▲
2024 · €50k
Staff costs
€517k▲
2024 · €461k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 67 lines
Balance sheet
Code20242025
Assets
Total assets20/58€816k€815k▼
Fixed assets21/28€171k€133k▼
Tangible fixed assets22/27€171k€133k▼
Land and buildings22€61k€57k▼
Plant, machinery and equipment23€100k€67k▼
Furniture and vehicles24€9k€8k▼
Financial fixed assets28€80€80=
Current assets29/58€645k€682k▲
Stocks and contracts in progress3€47k€56k▲
Stocks30/36€47k€56k▲
Amounts receivable within one year40/41€187k€143k▼
Trade receivables40€141k€105k▼
Other amounts receivable41€46k€37k▼
Current investments50/53€246k€178k▼
Cash at bank and in hand54/58€124k€261k▲
Deferred charges and accrued income490/1€40k€44k▲
Equity and liabilities
Total equity and liabilities10/49€816k€815k▼
Equity10/15€487k€546k▲
Contributions10/11€35k€35k=
Reserves13€423k€497k▲
Non-distributable reserves130/1€4k€4k=
Reserves not available under the articles1311€4k€4k=
Tax-exempt reserves132€118k€86k▼
Distributable reserves133€302k€407k▲
Profit (loss) carried forward14€416€189▼
Investment grants15€28k€14k▼
Amounts payable17/49€329k€269k▼
Amounts payable after more than one year17€74k€40k▼
Financial debts170/4€74k€40k▼
Amounts payable within one year42/48€255k€229k▼
Current portion of amounts payable after more than one year42€32k€33k▲
Financial debts43€18k€64k▲
Credit institutions430/8€18k€64k▲
Trade debts44€68k€58k▼
Suppliers440/4€68k€58k▼
Taxes, remuneration and social security45€36k€35k▼
Taxes450/3€11k€7k▼
Remuneration and social security454/9€25k€29k▲
Other amounts payable47/48€101k€38k▼
Accrued charges and deferred income492/3€720€31▼
Income statement
Code20242025
Non-recurring operating income76A-€146
Remuneration, social security and pensions62€461k€517k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€50k€46k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€8k€-8k▼
Other operating charges640/8€6k€16k▲
Non-recurring operating charges66A€2k-
Gross operating margin9900€704k€839k▲
Operating profit (loss)9901€177k€268k▲
Financial income75/76B€8k€23k▲
Recurring financial income75€8k€22k▲
Non-recurring financial income76B-€928
Financial charges65/66B€21k€16k▼
Recurring financial charges65€21k€16k▼
Profit (loss) for the period before taxes9903€165k€275k▲
Income taxes67/77€50k€87k▲
Profit (loss) for the period9904€115k€188k▲
Transfer from tax-exempt reserves789-€59k
Transfer to tax-exempt reserves689€38k€27k▼
Profit (loss) for the period to be appropriated9905€77k€220k▲
Appropriation of the result
Profit (loss) to be appropriated9906€77k€220k▲
Profit (loss) brought forward from the previous period14P€288€416▲
Transfer from equity791/2€27k€115k▲
Transfer to equity691/2€27k€220k▲
To other reserves6921€27k€220k▲
Profit to be distributed694/7€77k€115k▲
Return on contributions (dividend)694€77k€115k▲
Social balance
Average headcount (FTE)90877.37.4▲
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €146 | - |
| Remuneration, social security and pensions62 | €386k | €448k | €457k | €461k | €517k | ▲ 12.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €16k | €17k | €47k | €50k | €46k | ▼ 7.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €8k | €-8k | ▼ 200% |
| Other operating charges640/8 | €10k | €5k | €13k | €6k | €16k | ▲ 183% |
| Non-recurring operating charges66A | - | - | €6k | €2k | - | - |
| Gross operating margin9900 | €532k | €626k | €704k | €704k | €839k | ▲ 19.3% |
| Operating profit (loss)9901 | €120k | €157k | €182k | €177k | €268k | ▲ 50.9% |
| Financial income75/76B | €2k | €3k | €4k | €8k | €23k | ▲ 193% |
| Recurring financial income75 | €2k | €3k | €4k | €8k | €22k | ▲ 181% |
| Non-recurring financial income76B | - | - | - | - | €928 | - |
| Financial charges65/66B | €7k | €7k | €16k | €21k | €16k | ▼ 24.3% |
| Recurring financial charges65 | €7k | €7k | €16k | €21k | €16k | ▼ 24.3% |
| Profit (loss) for the period before taxes9903 | €116k | €153k | €170k | €165k | €275k | ▲ 67.2% |
| Income taxes67/77 | €39k | €39k | €59k | €50k | €87k | ▲ 75.6% |
| Profit (loss) for the period9904 | €76k | €114k | €111k | €115k | €188k | ▲ 63.6% |
| Transfer from tax-exempt reserves789 | - | €14k | €32k | - | €59k | - |
| Transfer to tax-exempt reserves689 | €25k | €34k | €21k | €38k | €27k | ▼ 27.8% |
| Profit (loss) for the period to be appropriated9905 | €52k | €94k | €122k | €77k | €220k | ▲ 185% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €575k | €761k | €884k | €816k | €815k | ▼ 0.1% |
| Fixed assets21/28 | €75k | €227k | €212k | €171k | €133k | ▼ 22.3% |
| Intangible fixed assets21 | €157 | €74 | - | - | - | - |
| Tangible fixed assets22/27 | €75k | €227k | €212k | €171k | €133k | ▼ 22.3% |
| Land and buildings22 | €63k | €54k | €70k | €61k | €57k | ▼ 7.9% |
| Plant, machinery and equipment23 | €6k | €166k | €133k | €100k | €67k | ▼ 32.4% |
| Furniture and vehicles24 | €5k | €8k | €8k | €9k | €8k | ▼ 9.8% |
| Financial fixed assets28 | €60 | €80 | €80 | €80 | €80 | = |
| Current assets29/58 | €501k | €534k | €672k | €645k | €682k | ▲ 5.7% |
| Stocks and contracts in progress3 | €35k | €41k | €42k | €47k | €56k | ▲ 19.1% |
| Stocks30/36 | €35k | €41k | €42k | €47k | €56k | ▲ 19.1% |
| Amounts receivable within one year40/41 | €197k | €121k | €179k | €187k | €143k | ▼ 23.6% |
| Trade receivables40 | €190k | €78k | €144k | €141k | €105k | ▼ 25.1% |
| Other amounts receivable41 | €7k | €43k | €36k | €46k | €37k | ▼ 18.8% |
| Current investments50/53 | €20k | €71k | €253k | €246k | €178k | ▼ 27.6% |
| Cash at bank and in hand54/58 | €228k | €285k | €125k | €124k | €261k | ▲ 110% |
| Deferred charges and accrued income490/1 | €21k | €16k | €73k | €40k | €44k | ▲ 9.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €575k | €761k | €884k | €816k | €815k | ▼ 0.1% |
| Equity10/15 | €311k | €382k | €429k | €487k | €546k | ▲ 12.1% |
| Contributions10/11 | €35k | €35k | €35k | €35k | €35k | = |
| Reserves13 | €260k | €334k | €385k | €423k | €497k | ▲ 17.3% |
| Non-distributable reserves130/1 | €4k | €4k | €4k | €4k | €4k | = |
| Reserves not available under the articles1311 | €4k | €4k | €4k | €4k | €4k | = |
| Tax-exempt reserves132 | €71k | €91k | €80k | €118k | €86k | ▼ 26.8% |
| Distributable reserves133 | €186k | €240k | €302k | €302k | €407k | ▲ 34.8% |
| Profit (loss) carried forward14 | €4k | €2k | €288 | €416 | €189 | ▼ 54.5% |
| Investment grants15 | €12k | €10k | €8k | €28k | €14k | ▼ 51.4% |
| Amounts payable17/49 | €265k | €380k | €455k | €329k | €269k | ▼ 18.2% |
| Amounts payable after more than one year17 | - | - | €105k | €74k | €40k | ▼ 45.0% |
| Financial debts170/4 | - | - | €105k | €74k | €40k | ▼ 45.0% |
| Amounts payable within one year42/48 | €264k | €379k | €349k | €255k | €229k | ▼ 10.3% |
| Current portion of amounts payable after more than one year42 | - | - | €30k | €32k | €33k | ▲ 4.4% |
| Financial debts43 | €33k | €42k | €42k | €18k | €64k | ▲ 260% |
| Credit institutions430/8 | €33k | €42k | €42k | €18k | €64k | ▲ 260% |
| Trade debts44 | €133k | €249k | €108k | €68k | €58k | ▼ 14.6% |
| Suppliers440/4 | €133k | €249k | €108k | €68k | €58k | ▼ 14.6% |
| Taxes, remuneration and social security45 | €41k | €31k | €68k | €36k | €35k | ▼ 1.7% |
| Taxes450/3 | €19k | €8k | €30k | €11k | €7k | ▼ 39.5% |
| Remuneration and social security454/9 | €22k | €24k | €39k | €25k | €29k | ▲ 15.4% |
| Other amounts payable47/48 | €57k | €57k | €101k | €101k | €38k | ▼ 62.1% |
| Accrued charges and deferred income492/3 | €973 | €390 | €574 | €720 | €31 | ▼ 95.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €76k | €114k | €111k | €115k | €188k | ▲ 63.6% |
| + Depreciation and write-downs630 | €16k | €17k | €47k | €50k | €46k | ▼ 7.4% |
| Operating cash flow (approximation) | €92k | €131k | €158k | €165k | €234k | ▲ 42.3% |
| Investment in fixed assets (approximation) | - | €-169k | €-32k | €-9k | €-8k | ▲ 10.9% |
| Change in cash | - | €57k | €-161k | €-437 | €136k | ▲ 31,294% |
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
16-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2018net €188k ▲63.6%
Operating result €268k, net result €188k, both a record.
31-12
Financial
Equity above €500kEq €546k ▲12.1%
8 profitable years in a row build equity to €546k.
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 30 days late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 30 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 30 days late
2020
11-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 42 days late
2019
31-12
Financial
Equity above €200kEq €245k ▲29.3%
2 profitable years in a row build equity to €245k.
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
18-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
26-07
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 5 acts read
About the unread acts
We know of 5 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
5 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, Flémalle · 1 establishment unit since 2007
Ground area
9,297 m²
Building footprint
2,752 m²
Volume, LiDAR
23,464 m³
2 parcels, Wallonia · tallest building 11.4 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
ISOLATION SERVICES
since 20072.161.258.483
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62055C0231/00F000 | Wallonia | 8,135 m² | 1 · 2,596 m² | 11.4 m · 3 fl. |
| 62072B0727/00C000 | Wallonia | 1,162 m² | 1 · 156 m² | 8.2 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.
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Of 4,271 companies in sector 43230 we hold annual accounts for 1,240. 716 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
Founded15-03-2007
Fiscal year end31-12
Activities, NACEBEL 2025
43230Insulation installation
Scores and ratios are computed by Checked and are not a credit decision.