ISOLMUR
ActiveSummary
ISOLMUR has been active since 2008 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €818,958 and a net result of €10,202, of which €17,328 non-recurring income. Equity remains stable across the filed financial years (±0.5% per year). Its solvency ranks better than 73% of 10,777 sector peers (NACE 70, financial year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Overview
- Equity
- €818,958
- Profit
- €10,202
- Holdings
- 2
- NEAG Nicusor GabrielDirector
Why 81raises riskLiquidity: current ratio 3.12, cash €776, halvedLast filed accounts filed 31 days late; 1 of the last 3 latelowers riskSector: Activities of head offices; management consultancy activities (NACE 70)Equity €818,958 (76.6% of total assets)Show the evidence
Checked score
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 70, micro): better than 86% on solvency, 28% on liquidity, 26% on profitability and 44% on growth.
The bankruptcy probability was computed on 29-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 14 days after the deadline; the sector median (NACE 70) for financial year 2024 is 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · abbreviated…
- Annual accounts filedfinancial year 2024 · full…
- Annual accounts filedfinancial year 2023 · full…
Financials · financial year 2025, abbreviated format
2025 annual accounts filed late (31 days) Filed on 31 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00457987.
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 20% above 2024 and is the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 70, Activities of head offices; management consultancy activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 6,049 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 95.9% are still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
For this company itself Checked computes a bankruptcy probability of 0.5% 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 497,445 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% | 0.9% |
| 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 74.5% 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 6,049 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €3,528 | €10,017 | €7,671 | €4,138 | €7,326 | ▲ 77.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €58,610 | €58,371 | €55,560 | €52,030 | €49,652 | €44,172 | €38,426 | €31,061 | ▼ 19.2% |
| Other operating charges640/8 | - | - | - | €3,327 | €15,000 | €3,568 | €8,440 | €3,161 | ▼ 62.5% |
| Gross operating margin9900 | €262,547 | €13,578 | €88,795 | €66,171 | €76,402 | €56,968 | €57,639 | €47,108 | ▼ 18.3% |
| Operating profit (loss)9901 | €202,536 | -€52,365 | €31,492 | €10,813 | €11,749 | €9,228 | €10,773 | €12,886 | ▲ 19.6% |
| Financial income75/76B | - | - | - | €136 | €704 | €2,276 | €8,312 | €11,114 | ▲ 33.7% |
| Recurring financial income75 | €23,282 | €3,123 | €1,418 | €136 | €704 | €1,036 | €615 | €1,112 | ▲ 80.9% |
| Non-recurring financial income76B | - | - | - | - | - | €1,240 | €7,697 | €10,002 | ▲ 29.9% |
| Financial charges65/66B | - | - | - | €4,010 | €5,382 | €5,976 | €9,325 | €9,815 | ▲ 5.3% |
| Recurring financial charges65 | €20,820 | €19,191 | €4,269 | €4,010 | €5,382 | €5,976 | €9,325 | €9,815 | ▲ 5.3% |
| Profit (loss) for the period before taxes9903 | €204,998 | -€68,432 | €28,641 | €6,939 | €7,072 | €5,528 | €9,761 | €14,185 | ▲ 45.3% |
| Income taxes67/77 | €60,381 | €326 | €2,795 | €897 | €5,214 | €3,832 | €2,189 | €3,983 | ▲ 81.9% |
| Profit (loss) for the period9904 | €144,617 | -€68,758 | €25,846 | €6,042 | €1,859 | €1,695 | €7,572 | €10,202 | ▲ 34.7% |
| Profit (loss) for the period to be appropriated9905 | €144,617 | -€68,758 | €25,846 | €6,042 | €1,859 | €1,695 | €7,572 | €10,202 | ▲ 34.7% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €1.0m | €0.9m | €0.9m | €1.1m | €1.1m | €1.1m | €1.0m | €1.1m | ▲ 2.0% |
| Fixed assets21/28 | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | €0.7m | €0.6m | €0.6m | ▼ 4.9% |
| Tangible fixed assets22/27 | €0.1m | €0.1m | €0.2m | €0.2m | €0.1m | €0.4m | €0.4m | €0.3m | ▼ 8.5% |
| Land and buildings22 | - | - | - | €0.05m | €0.05m | €0.4m | €0.3m | €0.3m | ▼ 3.9% |
| Plant, machinery and equipment23 | - | - | - | €0.06m | €0.03m | €0.02m | €0.01m | €0.003m | ▼ 65.7% |
| Furniture and vehicles24 | - | - | - | €0.06m | €0.05m | €0.03m | €0.02m | €0.01m | ▼ 51.7% |
| Financial fixed assets28 | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | = |
| Current assets29/58 | €0.6m | €0.5m | €0.5m | €0.7m | €0.7m | €0.4m | €0.4m | €0.5m | ▲ 12.7% |
| Stocks and contracts in progress3 | €0.04m | - | - | €0.2m | €0.3m | - | - | - | - |
| Stocks30/36 | - | - | - | €0.2m | €0.3m | - | - | - | - |
| Amounts receivable within one year40/41 | €0.3m | €0.4m | €0.5m | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | ▲ 15.5% |
| Trade receivables40 | - | - | - | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | ▲ 13.7% |
| Other amounts receivable41 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | ▲ 19.7% |
| Cash at bank and in hand54/58 | €0.3m | €0.05m | €0.009m | €0.004m | €0.001m | €0.008m | €0.008m | €0.001m | ▼ 90.7% |
| Deferred charges and accrued income490/1 | - | - | - | €0.01m | €0.01m | €0.01m | €0.01m | €0.009m | ▼ 8.9% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €1.0m | €0.9m | €0.9m | €1.1m | €1.1m | €1.1m | €1.0m | €1.1m | ▲ 2.0% |
| Equity10/15 | €0.8m | €0.8m | €0.8m | €0.8m | €0.8m | €0.8m | €0.8m | €0.8m | ▲ 1.3% |
| Contributions10/11 | €0.02m | €0.02m | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Reserves13 | €0.09m | €0.09m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | ▲ 7.2% |
| Non-distributable reserves130/1 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | ▲ 7.3% |
| Reserves not available under the articles1311 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | ▲ 7.3% |
| Distributable reserves133 | - | - | - | - | - | - | €0.002m | €0.002m | = |
| Profit (loss) carried forward14 | €0.7m | €0.7m | €0.7m | €0.7m | €0.7m | €0.7m | €0.7m | €0.7m | ▲ 0.2% |
| Amounts payable17/49 | €0.2m | €0.1m | €0.2m | €0.3m | €0.3m | €0.3m | €0.2m | €0.2m | ▲ 4.4% |
| Amounts payable after more than one year17 | €0.02m | €0.01m | €0.02m | €0.2m | €0.1m | €0.1m | €0.1m | €0.1m | ▼ 8.5% |
| Financial debts170/4 | - | - | - | €0.2m | €0.1m | €0.1m | €0.1m | €0.1m | ▼ 8.5% |
| Amounts payable within one year42/48 | €0.2m | €0.1m | €0.1m | €0.1m | €0.2m | €0.1m | €0.1m | €0.1m | ▲ 16.1% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.03m | €0.02m | €0.02m | €0.02m | €0.02m | ▲ 1.7% |
| Financial debts43 | - | - | - | - | - | €0.1m | €0.1m | €0.1m | = |
| Other loans439 | - | - | - | - | - | €0.1m | €0.1m | €0.1m | = |
| Trade debts44 | €0.05m | €0.007m | €0.02m | €0.01m | €0.03m | €0.002m | €0.003m | €0.03m | ▲ 626% |
| Suppliers440/4 | - | - | - | €0.01m | €0.03m | €0.002m | €0.003m | €0.03m | ▲ 626% |
| Taxes, remuneration and social security45 | - | - | - | €0.003m | €0.004m | €0.004m | €0.003m | €0.001m | ▼ 54.2% |
| Taxes450/3 | - | - | - | €0.003m | €0.004m | €0.004m | €0.003m | €0.001m | ▼ 54.2% |
| Other amounts payable47/48 | - | - | - | €0.1m | €0.1m | €0.001m | €0.002m | €0.002m | = |
| Accrued charges and deferred income492/3 | - | - | - | - | - | - | €464 | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €144,617 | -€68,758 | €25,846 | €6,042 | €1,859 | €1,695 | €7,572 | €10,202 | ▲ 34.7% |
| + Depreciation and write-downs630 | €58,610 | €58,371 | €55,560 | €52,030 | €49,652 | €44,172 | €38,426 | €31,061 | ▼ 19.2% |
| Operating cash flow (approximation) | €203,228 | -€10,387 | €81,406 | €58,072 | €51,511 | €45,867 | €45,997 | €41,263 | ▼ 10.3% |
| Investment in fixed assets (approximation) | - | -€79,138 | -€65,191 | -€65,426 | -€4,853 | -€316,753 | -€9,605 | €275 | - |
| Change in cash | - | -€225,614 | -€37,593 | -€5,032 | -€3,175 | €7,132 | €604 | -€7,561 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 17 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 31-08-2026 | 2026-00457987 |
| 31-12-2024 | full format | 29-08-2025 | 2025-00433410 |
| 31-12-2023 | full format | 26-07-2024 | 2024-00298866 |
| 31-12-2022 | full format | 31-07-2023 | 2023-00303026 |
| 31-12-2021 | full format | 27-07-2022 | 2022-20228715 |
| 31-12-2020 | full format | 28-07-2021 | 2021-41400344 |
| 31-12-2019 | full format | 22-09-2020 | 2020-54600257 |
| 31-12-2018 | micro format | 31-07-2019 | 2019-41700054 |
| 31-12-2017 | micro format | 26-07-2018 | 2018-38100571 |
| 31-12-2016 | micro format | 29-08-2017 | 2017-50300406 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| NEAG Nicusor Gabriel |
|
Owners and capital
Capital and shareholders
- NEAG Nicusor Gabriel 149 shares
- BREZEANU Florina Daniela 37 shares
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
- 29-02-2024 Converted to unavailable equity
Group and network
Holdings and subsidiaries
2 holdingsHoldings 2
Source for every holding own accounts 2025
- ISOLMUR & COsubsidiaryEquity €48,140Result €702100%
- GABRIELsubsidiaryEquity €53,118Result -€5,09690%
According to the 2025 annual accounts of ISOLMUR and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. 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 include these statements in its annual accounts, or does not have to, is not listed.
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
29-02
Gazette deed
Resignation: NEAG Nicusor Gabriel (manager)Appointment: NEAG Nicusor Gabriel (director) · Shareholding · Capital19 facts ▸
- General meeting, 27-02-2024
- Shareholding, 149, “inscription au registre des actions” (deed in French)
- Shareholding, 37, 186
- Capital, €18,600
- Other provision, “ordre du jour” (deed in French)
- Other provision, “chaque action une voix, quorum et validité” (deed in French)
- Amendment of the articles, “1ère résolution” (deed in French)
- Capital conversion, “compte de capitaux propres statutairement indisponible” (deed in French)
- Purpose change
- Amendment of the articles, “4ème résolution” (deed in French)
- Other provision, 11-08-2016, “cohabitation légale” (deed in French)
- Capital
- +7 further facts in this act
About the unread acts
Of the 7 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 6 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 62058A0034/00G000 | Wallonia | 66 m² | 1 · 29 m² | 8.3 m · 2 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “L'acquisition,l'aliénation,la réalisation,l'échange,la mise en valeur,le lotissement,la construction,l'aménagement,l'appropriation,la…” (deed in French)
36 activities (deed in French)
- L'acquisition,l'aliénation,la réalisation,l'échange,la mise en valeur,le lotissement,la construction,l'aménagement,l'appropriation,la transformation,la réparation,le courtage
- Les applications de résine et autres,les travaux en étanchéité
- La gestion,la location à loyer,à ferme ou commerciale,la sous location de tous immeubles bâtis ou non bâtis,ruraux,urbains,agricoles,forestiers,étangs,cours d'eau,territoires de chasse,parcours de pêche,ainsi que la négociation,l'achat et la vente de tous droits immobiliers
- La construction,la transformation,la restauration,la maintenance,la surveillance,l'entretien
- La promotion de tous immeubles,l'entreprise générale,gros œuvres fermés et clés sur portes
- La coordination,l'organisation et l'exécution de tous travaux publics et privés,terrassement,pose câbles et canalisations,drainage,égouttage,voiries
- Tous travaux de création,d'aménagement et d'entretien de parcs et jardins,aménagement paysager
- Tous travaux tant extérieurs qu'intérieurs,locations matériel,services main d'œuvre,peinture industrielle
- Tous travaux de décoration,intérieur et extérieur,isolation thermique et acoustique
- Recouvrement thermique sur échafaudage et placement d'échafaudages
- Placement de cloisons et faux plafonds
- Nettoyage,entretien,désinfection,lavage vitres,vidange,ravalement façades,sablage
- Étude,rénovation,consultance énergétique,bio géologie,énergies renouvelables,panneaux solaires,pompes à chaleur
- Constitution patrimoine mobilier et immobilier,achat,vente,promotion,location,leasing,échange,exploitation,gestion,acquisition valeurs financières,prise participation sociétés belges ou étrangères
- Lavage vitre,châssis,cloisons,nettoyage parties immeubles,désinfection bâtiments agricoles,vidange fosses
- Conclusion et exploitation contrats représentation industrielle et commerciale,fourniture main d'œuvre
- Création et exploitation agences vente et achat
- Réalisation objet en tout ou partie,directement ou indirectement,participations
- Programmes recherche,brevets,licences,marques,baux,fonds commerce
- Intérêt par association,apport,fusion,participation dans affaires objet identique,analogue,similaire,connexe
- Appropriation,location,érection,aliénation,échange biens meubles et immeubles,opérations commerciales,industrielles,financières,agricoles,forestières,droits intellectuels,investissement même sans rapport objet
- Commerce gros et détail,importation,exportation appareils levage,déchargement,chargement,transport,mécaniques,électromécaniques,hydrauliques,pneumatiques
- Production et installation appareils levage et déplacement charges
- Location,révision,vente appareils levage
- Transport national et international par chemins de fer et route appareils levage
- Assistance technique,industrielle,commerciale,administrative,financière,caution,aval,garantie
- Déménagements industriels machines,installations,équipements,bâtiments
- Achat,vente,commerce gros,location installations,équipements,outillages,matériel
- Étude et recherche activités mentionnées
- Manutention tous genres,mécaniques,hydrauliques,électromécaniques
- Financement installation,équipement,outillage,matériel compte clients,opérations favorisant objet,Belgique et étranger,collaboration,participation objet identique,similaire,connexe
- Mandats administrateur ou liquidateur autres sociétés
- Le transport routier national et international de marchandises,y compris le transport de produits dangereux,l’import-export en général
- Toutes activités d’affrètement,de stockage,d’entreposage,gestion dépôt et centre logistique,manutentions chargement-déchargement
- Toutes opérations organisation transport fret,conditionnement,emballage,stockage,étiquetage,ramassage,pesage,groupage,moyens transport,messagerie,fret express
- La réparation et la maintenance navale-réparation et entretien navires,bateaux,plaisance,sport,aéroglisseurs
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- ISOLMUR
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région wallonne, simple décision organe administration vers Bruxelles-Capitale ou région langue française,sans modification langue statuts” (deed in French)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “1, avec ou sans limitation de durée” (deed in French)
Capital, shares and profit
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Cession entre vifs et transmission pour cause de mort,agrément aussi si au profit d'actionnaire,conjoint,descendant ou ascendant direct…” (deed in French)
- Share issue ruleHow and by whom new shares can be issued.
- “Actions nouvelles à souscrire en numéraire” (deed in French)
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Assemblée générale formes modifications statuts” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Si aucun autre liquidateur désigné, désigner un ou plusieurs liquidateurs,déterminer pouvoirs et émoluments” (deed in French)