ISOLIFE
Open bankruptcyA bankruptcy procedure is open for ISOLIFE according to publications in the Belgian State Gazette; curator: FRANCOIS MINON.
Summary
The 2020 annual accounts show equity of €120,867 and a net result of €16,047.
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 Liège, Liège division
- Declared bankrupt
- 27 June 2022
- Supervising judge
- Philippe Mignon
- Official Gazette
- 04-07-2022 (pdf) ↗search the document for 2022/125728
Deadlines
- Appeal or third-party opposition until
- passed on 19 July 2022Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- File the claim in RegSol until
- passed on 27 July 2022art. XX.104 and XX.155 CEL
- First verification report
- passed on 11 August 2022Goods that belong to you, such as those delivered under retention of title, are reclaimed before this day.art. XX.104 and XX.194 CEL
- Late claim until
- passed on 27 June 2023Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curator
- Francois MinonRue Des Augustins 32, 4000 Liege 1francois.minon@henry-mersch.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.
The deadlines above come from the publication of the judgment. Check them in RegSol before you file anything; a passed deadline no longer applies.
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.Creditor guide for this company
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Signals
Two signals.
+raises risk
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 Is the registered address a letterbox address or a business centre?Addresses Are there other customers at risk in your own list?List enrichment How is the Insulation installation sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2020, full schema
Turnover
€767,298▼ 37.7%
2019 · €1.2m
EBIT margin
3.8%▼ 6.7pp
2019 · 10.5%
Net result
€16,047▼ 83.7%
2019 · €98,620
Working capital
-€23,345
2019 · €26,107
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, 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
Line20192020
Turnover€1.2m-€767,298▼ 37.7%
Operating result€129,458-€29,035▼ 77.6%
Net result€98,620-€16,047within the sector's middle half▼ 83.7%
EBIT margin10.5%-3.8%▼ 6.7pp
Equity€104,820-€120,867within the sector's middle half▲ 15.3%
Total assets€365,967-€856,516within the sector's middle half▲ 134%
Debt€261,147-€735,649▲ 182%
Working capital€26,107--€23,345
Solvency28.6%-14.1%below the sector's middle half▼ 14.5pp
Staff (FTE)0.1-
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result falls in 2020; 2020 is 78% below 2019.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €856,516
Fixed assets
€675,072 ▲ 758%
Current assets
€181,444 ▼ 36.8%
Equity and liabilities €856,516
Equity
€120,867 ▲ 15.3%
Debt
€735,649 ▲ 182%
Debt's share of the balance-sheet total rises from 71.4% to 85.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€78,797▼
2019 · €172,696
Cash flow
€65,809▼
2019 · €141,858
Current ratio
0.89▼
2019 · 1.10
Quick ratio
0.86▼
2019 · 1.07
Debt to equity
4.39
ROE
13.3%▼
2019 · 94.1%
ROA
1.9%▼
2019 · 26.9%
Debt ≤ 1 year
€204,789▼
2019 · €261,147
Debt > 1 year
€530,860
Income taxes
€7,585▼
2019 · €27,730
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | Change |
|---|---|---|---|
| Turnover70 | €1.2m | €767,298 | ▼ 37.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €43,238 | €49,762 | ▲ 15.1% |
| Gross operating margin9900 | €204,283 | €177,730 | ▼ 13.0% |
| Operating profit (loss)9901 | €129,458 | €29,035 | ▼ 77.6% |
| Recurring financial income75 | - | €1 | - |
| Recurring financial charges65 | €3,108 | €5,404 | ▲ 73.9% |
| Profit (loss) for the period before taxes9903 | €126,350 | €23,632 | ▼ 81.3% |
| Income taxes67/77 | €27,730 | €7,585 | ▼ 72.6% |
| Profit (loss) for the period9904 | €98,620 | €16,047 | ▼ 83.7% |
| Profit (loss) for the period to be appropriated9905 | €98,620 | €16,047 | ▼ 83.7% |
| Line | 2019 | 2020 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €365,967 | €856,516 | ▲ 134% |
| Fixed assets21/28 | €78,713 | €675,072 | ▲ 758% |
| Intangible fixed assets21 | €3,750 | €2,750 | ▼ 26.7% |
| Tangible fixed assets22/27 | €74,789 | €672,148 | ▲ 799% |
| Financial fixed assets28 | €174 | €174 | = |
| Current assets29/58 | €287,254 | €181,444 | ▼ 36.8% |
| Stocks and contracts in progress3 | €8,125 | €4,650 | ▼ 42.8% |
| Amounts receivable within one year40/41 | €244,857 | €131,143 | ▼ 46.4% |
| Cash at bank and in hand54/58 | €34,272 | €45,651 | ▲ 33.2% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €365,967 | €856,516 | ▲ 134% |
| Equity10/15 | €104,820 | €120,867 | ▲ 15.3% |
| Contributions10/11 | €6,200 | - | - |
| Reserves13 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €96,760 | €112,807 | ▲ 16.6% |
| Amounts payable17/49 | €261,147 | €735,649 | ▲ 182% |
| Amounts payable after more than one year17 | - | €530,860 | - |
| Amounts payable within one year42/48 | €261,147 | €204,789 | ▼ 21.6% |
| Trade debts44 | €190,207 | €71,550 | ▼ 62.4% |
| Line | 2019 | 2020 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €98,620 | €16,047 | ▼ 83.7% |
| + Depreciation and write-downs630 | €43,238 | €49,762 | ▲ 15.1% |
| Operating cash flow (approximation) | €141,858 | €65,809 | ▼ 53.6% |
| Investment in fixed assets (approximation) | - | -€646,121 | - |
| Change in cash | - | €11,379 | - |
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
2022
04-07
Bankruptcy
Opening
Tribunal de l’entreprise de Liège, division Liège · event 27-06-2022
2021
06-12
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 128 days late
2020
10-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
SignalNBB filing
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, Bassenge · 1 establishment unit since 2018
Ground area
7,665 m²
Building footprint
1,368 m²
Volume, LiDAR
6,031 m³
2 parcels, Flanders, Wallonia · tallest building 7.1 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
ISOLIFE
since 20182.281.842.648
2 parcels
Flanders
1
(50%)
Wallonia
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73348B0736/00C000indicative | Flanders | 7,578 m² | 1 · 1,322 m² | 6.2 m · 2 fl. |
| 62044C0830/00C000 | Wallonia | 86 m² | 1 · 46 m² | 7.1 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 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 | FRANCOIS MINON RUE DES AUGUSTINS 32,
4000 LIEGE 1 |
27-06-2022 → present |
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Of 4,269 companies in sector 43230 we hold annual accounts for 1,239. 1,039 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 (pre-2019)
Founded17-10-2018
Fiscal year end31-12
Activities, NACEBEL 2025
43230Insulation installation
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.