ISOLAZ
ActiveSummary
ISOLAZ has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€227,040) and a net result of -€20,584. Equity is shrinking by ~30.1% per year across the filed fiscal years. Its solvency ranks better than 5% of 1577 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency0=
Growth26=
Track record100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.13 against 0.14 in 2024; short-term debt: 153% and cash: 1% of total assets), and equity is negative.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-336.9%
Return on assets
-30.5%
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 10
Relative position
BE, all sectors
reference
Manufacture of food products (NACE 10)
about 60% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€227,040
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 02-07-2026, 29 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
29 d early
2024
21 d late
2023
43 d late
2022
30 d late
2021
31 d late
2020
27 d late
2019
30 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 22 days after the deadline; the sector median for financial year 2024 is 5 days before the deadline, and 38% 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.
Companies Code · seven monthsPosition in the running window
28-09-2026 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 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 How does this company compare with its sector?Sector benchmark
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 2025, micro schema
Turnover
€29,802▼ 12.0%
2021 · €33,855
EBIT margin
-123.4%▲ 89.3pp
2021 · -212.8%
Net result
-€20,584▲ 29.5%
2024 · -€29,198
Working capital
-€89,490▼ 6.9%
2024 · -€83,732
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 10, Manufacture of food products, 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
Line20212022202320242025
Turnover€33,855€29,802
Operating result-€72,037▼ 507%-€45,689▲ 36.6%-€36,786▲ 19.5%-€28,697▲ 22.0%-€20,332▲ 29.2%
Net result-€73,167below the sector's middle half▼ 499%-€46,514below the sector's middle half▲ 36.4%-€37,547below the sector's middle half▲ 19.3%-€29,198below the sector's middle half▲ 22.2%-€20,584below the sector's middle half▲ 29.5%
EBIT margin-212.8%-123.4%
Equity-€93,198below the sector's middle half▼ 365%-€139,712below the sector's middle half▼ 49.9%-€177,259below the sector's middle half▼ 26.9%-€206,456below the sector's middle half▼ 16.5%-€227,040below the sector's middle half▼ 10.0%
Total assets€152,238within the sector's middle half▲ 320%€126,552within the sector's middle half▼ 16.9%€103,004within the sector's middle half▼ 18.6%€82,602within the sector's middle half▼ 19.8%€67,385below the sector's middle half▼ 18.4%
Debt€245,436▲ 336%€266,264▲ 8.5%€280,263▲ 5.3%€289,058▲ 3.1%€294,426▲ 1.9%
Working capital-€40,962below the sector's middle half▼ 76.5%-€57,413below the sector's middle half▼ 40.2%-€79,859below the sector's middle half▼ 39.1%-€83,732below the sector's middle half▼ 4.8%-€89,490below the sector's middle half▼ 6.9%
Solvency-61.2%below the sector's middle half▼ 6.0pp-110.4%below the sector's middle half▼ 49.2pp-172.1%below the sector's middle half▼ 61.7pp-249.9%below the sector's middle half▼ 77.9pp-336.9%below the sector's middle half▼ 87.0pp
Current ratio0.48below the sector's middle half▲ 0.060.33below the sector's middle half▼ 0.160.20below the sector's middle half▼ 0.130.14below the sector's middle half▼ 0.050.13below the sector's middle half▼ 0.01
Return on assets (ROA)-48.1%below the sector's middle half▼ 14.4pp-36.8%below the sector's middle half▲ 11.3pp-36.5%below the sector's middle half▲ 0.3pp-35.3%below the sector's middle half▲ 1.1pp-30.5%below the sector's middle half▲ 4.8pp
above
within
below
the middle half (P25 to P75) of NACE 10, Manufacture of food products, 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
The operating result stays negative: a loss of €20,332 in 2025 against €28,697 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €67,385
Fixed assets
€53,750 ▼ 21.6%
Current assets
€13,635 ▼ 2.8%
Key figures and ratios
EBITDA
-€5,506▲
2024 · -€13,634
Cash flow
-€5,759▲
2024 · -€14,135
Debt to equity
-1.30▲
2024 · -1.40
Interest coverage
-21.81▲
2024 · -27.25
Debt ≤ 1 year
€103,126▲
2024 · €97,758
Debt > 1 year
€191,300=
2024 · €191,300
Staff costs
€0▲
2024 · -€49
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,940 companies that looked in July 2024 the way this one looks now, 5.5% went bankrupt within 24 months and 85% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a loss of 10% of the balance sheet or more
5.5%
went bankrupt
8.0%
stopped otherwise
85%
still going
A further 1.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.4% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 6,940 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 |
|---|---|---|---|---|---|---|
| Turnover70 | €33,855 | - | €29,802 | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | €93,228 | - | €46,893 | - | - | - |
| Remuneration, social security and pensions62 | €1,658 | €21,020 | €2,464 | -€49 | €0 | ▲ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10,257 | €15,063 | €15,063 | €15,063 | €14,826 | ▼ 1.6% |
| Other operating charges640/8 | €749 | €627 | €2,168 | €449 | €477 | ▲ 6.2% |
| Gross operating margin9900 | -€59,373 | -€8,979 | -€17,091 | -€13,234 | -€5,029 | ▲ 62.0% |
| Operating profit (loss)9901 | -€72,037 | -€45,689 | -€36,786 | -€28,697 | -€20,332 | ▲ 29.2% |
| Financial income75/76B | €62 | €1 | - | - | €0 | - |
| Recurring financial income75 | €62 | €1 | - | - | €0 | - |
| Financial charges65/66B | €1,192 | €826 | €761 | €500 | €253 | ▼ 49.5% |
| Recurring financial charges65 | €1,192 | €826 | €761 | €500 | €253 | ▼ 49.5% |
| Profit (loss) for the period before taxes9903 | -€73,167 | -€46,514 | -€37,547 | -€29,198 | -€20,584 | ▲ 29.5% |
| Profit (loss) for the period9904 | -€73,167 | -€46,514 | -€37,547 | -€29,198 | -€20,584 | ▲ 29.5% |
| Profit (loss) for the period to be appropriated9905 | -€73,167 | -€46,514 | -€37,547 | -€29,198 | -€20,584 | ▲ 29.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €152,238 | €126,552 | €103,004 | €82,602 | €67,385 | ▼ 18.4% |
| Fixed assets21/28 | €113,764 | €98,701 | €83,638 | €68,575 | €53,750 | ▼ 21.6% |
| Tangible fixed assets22/27 | €113,764 | €98,701 | €83,638 | €68,575 | €53,750 | ▼ 21.6% |
| Land and buildings22 | €91,458 | €80,974 | €70,490 | €60,006 | €49,523 | ▼ 17.5% |
| Plant, machinery and equipment23 | €22,306 | €17,727 | €13,148 | €8,569 | €4,227 | ▼ 50.7% |
| Current assets29/58 | €38,474 | €27,851 | €19,366 | €14,026 | €13,635 | ▼ 2.8% |
| Amounts receivable after more than one year29 | €11,891 | €11,891 | €11,890 | €11,891 | €11,891 | = |
| Trade receivables290 | €11,891 | €11,891 | €11,890 | €0 | - | - |
| Other amounts receivable291 | - | - | - | €11,891 | €11,891 | = |
| Stocks and contracts in progress3 | - | €393 | €393 | €0 | - | - |
| Stocks30/36 | - | €393 | €393 | €0 | - | - |
| Amounts receivable within one year40/41 | €895 | €888 | €4,157 | €880 | €269 | ▼ 69.5% |
| Trade receivables40 | - | €307 | €3,463 | €0 | - | - |
| Other amounts receivable41 | €895 | €581 | €694 | €880 | €269 | ▼ 69.5% |
| Cash at bank and in hand54/58 | €25,688 | €12,925 | €2,926 | €1,256 | €696 | ▼ 44.6% |
| Deferred charges and accrued income490/1 | - | €1,754 | - | - | €780 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €152,238 | €126,552 | €103,004 | €82,602 | €67,385 | ▼ 18.4% |
| Equity10/15 | -€93,198 | -€139,712 | -€177,259 | -€206,456 | -€227,040 | ▼ 10.0% |
| Contributions10/11 | €45,000 | €45,000 | €45,000 | €45,000 | €45,000 | = |
| Capital10 | €45,000 | - | - | - | - | - |
| Issued capital100 | €45,000 | - | - | - | - | - |
| Profit (loss) carried forward14 | -€138,198 | -€184,712 | -€222,259 | -€251,456 | -€272,040 | ▼ 8.2% |
| Amounts payable17/49 | €245,436 | €266,264 | €280,263 | €289,058 | €294,426 | ▲ 1.9% |
| Amounts payable after more than one year17 | €166,000 | €181,000 | €181,000 | €191,300 | €191,300 | = |
| Financial debts170/4 | €166,000 | €181,000 | €181,000 | €191,300 | €191,300 | = |
| Amounts payable within one year42/48 | €79,436 | €85,264 | €99,225 | €97,758 | €103,126 | ▲ 5.5% |
| Trade debts44 | €13,191 | €2,590 | €1,232 | €10,067 | €9,295 | ▼ 7.7% |
| Suppliers440/4 | €13,191 | €2,590 | €1,232 | €10,067 | €9,295 | ▼ 7.7% |
| Other amounts payable47/48 | €66,245 | €82,674 | €97,993 | €87,691 | €93,830 | ▲ 7.0% |
| Accrued charges and deferred income492/3 | - | - | €38 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€73,167 | -€46,514 | -€37,547 | -€29,198 | -€20,584 | ▲ 29.5% |
| + Depreciation and write-downs630 | €10,257 | €15,063 | €15,063 | €15,063 | €14,826 | ▼ 1.6% |
| Operating cash flow (approximation) | -€62,910 | -€31,451 | -€22,484 | -€14,135 | -€5,759 | ▲ 59.3% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€0 | €0 | ▲ 100% |
| Change in cash | - | -€12,763 | -€9,999 | -€1,670 | -€560 | ▲ 66.4% |
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
02-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
21-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 21 days late
2024
12-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 43 days late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Weakest financial yearnet -€73,167
Net result drops to -€73,167, the lowest in the series; recovery starts the following year.
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
2020
30-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 30 days late
2019
31-12
Financial
Back to profitnet €16,553
Net result €16,553 after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 31 days late
2018
22-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 22 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 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
8 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, Heusden-Zolder · 1 establishment unit since 2016
Ground area
913 m²
Building footprint
317 m²
Volume, LiDAR
1,462 m³
Parcel 71025A1944/00Z000, Flanders · tallest building 10.1 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
DOLCE
since 20162.264.266.545
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71025A1944/00Z000 | Flanders | 913 m² | 1 · 317 m² | 10.1 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 2,000 EUR awarded · 2,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 2,000 EUR | 2,000 EUR |
Schemes
Similar companies · same sector and region
'T BOLLEKE
BE 0756.853.089
Heusden-Zolder
'T IJSHOORNTJE
BE 0876.756.472
Rotselaar
Biogood
BE 0899.711.226
Boortmeerbeek
Bosmans M
BE 0865.324.132
Lommel
BraMa
BE 1031.725.256
Boortmeerbeek
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 608 companies in sector 10520 we hold annual accounts for 235. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded12-08-2011
Fiscal year end31-12
Activities, NACEBEL 2025
10520Manufacture of food products
56111Full-service restaurants
56112Limited-service restaurants, excluding mobile food services
56210Event catering
56220Contract catering and other food service activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0838512738
Also
9925:BE0838512738
Registered
11-12-2025
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.