ISOLTEAM
ActiveSummary
ISOLTEAM has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €4.8m and a net result of €789,596. Equity is growing by ~19.9% per year across the filed fiscal years. Its solvency ranks better than 82% of 4926 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability72▼-12
Solvency100=
Growth65=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €350,000 at 30 days acceptable
Liquidity ample (current ratio 3.86 against 4.47 in 2024; short-term debt: 23.4% and cash: 1.2% of total assets), and 23.4% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
76.6%
Return on assets
12.7%
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 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% 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
neutral · A punctual record breaks
This company filed 9 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 21-09-2026, 52 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
52 d late
2024
44 d early
2023
41 d early
2022
39 d early
2021
26 d early
2020
22 d early
2019
22 d early
← 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 20 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% 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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
On 7 November 2011, ISOLTEAM was incorporated by VERMEERSCH LOGISTICS, with a starting capital of EUR 150,000.12 A capital increase in 2012 brought the capital to EUR 998,750.3 ISODIRECT was merged into the company in 2015.4 Of the 2 current board members, Snauwaert Hendrik has served longest, since 2017.5 Revenue went from EUR 13 million in 2018 to EUR 15 million in 2025 and headcount from 65.6 to 33.7 full-time equivalents.6
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Financials · fiscal year 2025, full schema
In the rankings
#5 employer in Kortemark, Wholesale and retail trade sector#8 company by equity in Kortemark, Wholesale and retail trade sector
Turnover
€14.6m▲ 0.6%
2024 · €14.5m
EBIT margin
5.2%▼ 4.6pp
2024 · 9.8%
Net result
€789,596▼ 21.2%
2024 · €1.0m
Working capital
€4.2m▲ 19.2%
2024 · €3.5m
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€11.7m▼ 4.8%€13.9m▲ 19.0%€16.3m▲ 17.4%€14.5m▼ 10.8%€14.6m▲ 0.6%
Operating result€226,951▼ 48.0%€656,397▲ 189%€1.4m▲ 106%€1.4m▲ 4.9%€755,714▼ 46.7%
Net result€118,439▼ 55.3%€435,493▲ 268%€964,885▲ 122%€1.0m▲ 3.9%€789,596▼ 21.2%
EBIT margin1.9%▼ 1.6pp4.7%▲ 2.8pp8.3%▲ 3.6pp9.8%▲ 1.5pp5.2%▼ 4.6pp
Equity€1.6m▲ 8.2%€2.0m▲ 27.8%€3.0m▲ 48.2%€4.0m▲ 33.8%€4.8m▲ 19.9%
Total assets€2.5m▼ 29.2%€3.3m▲ 34.0%€4.3m▲ 30.2%€5.0m▲ 14.6%€6.2m▲ 24.9%
Debt€922,379▼ 55.3%€1.3m▲ 44.5%€1.4m▲ 3.1%€1.0m▼ 26.9%€1.5m▲ 44.8%
Working capital€1.2m▼ 13.6%€1.4m▲ 17.3%€2.4m▲ 73.0%€3.5m▲ 44.0%€4.2m▲ 19.2%
Staff (FTE)47.5▼ 12.7%40▼ 15.8%38▼ 5.0%34▼ 10.5%33.7▼ 0.9%
Why a figure moved sharply
- 2023 Net result +122% on 2022. Cause not known from the registers.
- 2022 Net result +268% on 2021. Cause not known from the registers.
- 2021 Net result -55% on 2020. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 47% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €6.2m
Fixed assets
€597,210 ▲ 25.2%
Current assets
€5.6m ▲ 24.9%
Equity and liabilities €6.2m
Equity
€4.8m ▲ 19.9%
Debt
€1.5m ▲ 44.8%
Debt's share of the balance-sheet total rises from 20.2% to 23.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€976,451▼
2024 · €1.6m
Cash flow
€1.0m▼
2024 · €1.2m
Current ratio
3.86▼
2024 · 4.47
Quick ratio
3.66▼
2024 · 4.22
Debt to equity
0.31▲
2024 · 0.25
ROE
16.6%▼
2024 · 25.3%
ROA
12.7%▼
2024 · 20.2%
Interest coverage
39.11▲
2024 · 19.95
Debt ≤ 1 year
€1.5m▲
2024 · €1.0m
Staff costs
€2.5m▼
2024 · €2.6m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,792 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 97% are still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
3.2%
stopped otherwise
97%
still going
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 497,058 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% | 1.6% |
| 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 74% 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 17,792 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 |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | - | €14.9m | - |
| Turnover70 | €11.7m | €13.9m | €16.3m | €14.5m | €14.6m | ▲ 0.6% |
| Other operating income74 | - | - | - | - | €294,953 | - |
| Non-recurring operating income76A | €46,662 | €205 | €11,500 | €1,240 | €7,356 | ▲ 493% |
| Operating charges60/66A | - | - | - | - | €14.1m | - |
| Goods, raw materials, services and sundry goods60/61 | €8.5m | €10.4m | €12.1m | €10.4m | - | - |
| Goods for resale, raw materials and consumables60 | - | - | - | - | €9.2m | - |
| Purchases600/8 | - | - | - | - | €9.3m | - |
| Change in stocks: decrease (increase)609 | - | - | - | - | -€40,961 | - |
| Services and other goods61 | - | - | - | - | €1.9m | - |
| Remuneration, social security and pensions62 | €2.7m | €2.6m | €2.7m | €2.6m | €2.5m | ▼ 3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €261,504 | €235,808 | €230,239 | €227,900 | €220,737 | ▼ 3.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €4,126 | -€33,687 | €1,619 | -€8,417 | €10,135 | ▲ 220% |
| Other operating charges640/8 | €44,879 | €47,634 | €68,067 | €57,770 | €25,493 | ▼ 55.9% |
| Non-recurring operating charges66A | €6,962 | - | €111 | €981 | €289,577 | ▲ 29,406% |
| Gross operating margin9900 | €3.3m | €3.5m | €4.3m | €4.3m | - | - |
| Operating profit (loss)9901 | €226,951 | €656,397 | €1.4m | €1.4m | €755,714 | ▼ 46.7% |
| Financial income75/76B | €65,313 | €69,868 | €103,008 | €98,368 | €116,347 | ▲ 18.3% |
| Recurring financial income75 | €65,313 | €69,868 | €103,008 | €98,368 | €116,347 | ▲ 18.3% |
| Income from current assets751 | - | - | - | - | €34,650 | - |
| Other financial income752/9 | - | - | - | - | €81,697 | - |
| Financial charges65/66B | €89,792 | €83,366 | €80,271 | €82,443 | €82,465 | = |
| Recurring financial charges65 | €89,792 | €83,366 | €80,271 | €82,443 | €82,465 | = |
| Debt charges650 | - | - | - | - | €24,968 | - |
| Other financial charges652/9 | - | - | - | - | €57,497 | - |
| Profit (loss) for the period before taxes9903 | €202,471 | €642,900 | €1.4m | €1.4m | €789,596 | ▼ 44.9% |
| Transfer from deferred taxes780 | €229 | - | - | - | - | - |
| Income taxes67/77 | €84,262 | €207,407 | €408,098 | €430,094 | - | - |
| Profit (loss) for the period9904 | €118,439 | €435,493 | €964,885 | €1.0m | €789,596 | ▼ 21.2% |
| Transfer from tax-exempt reserves789 | €688 | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €119,126 | €435,493 | €964,885 | €1.0m | €789,596 | ▼ 21.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.5m | €3.3m | €4.3m | €5.0m | €6.2m | ▲ 24.9% |
| Fixed assets21/28 | €773,697 | €613,852 | €555,106 | €477,131 | €597,210 | ▲ 25.2% |
| Intangible fixed assets21 | €399,623 | €299,506 | €191,986 | €102,614 | €17,450 | ▼ 83.0% |
| Tangible fixed assets22/27 | €368,456 | €308,999 | €357,907 | €369,401 | €574,771 | ▲ 55.6% |
| Plant, machinery and equipment23 | €119,127 | €115,878 | €139,644 | €170,284 | €159,286 | ▼ 6.5% |
| Furniture and vehicles24 | €242,952 | €186,789 | €212,646 | €176,784 | €396,224 | ▲ 124% |
| Other tangible fixed assets26 | €6,377 | €6,332 | €5,618 | €22,333 | €19,261 | ▼ 13.8% |
| Financial fixed assets28 | €5,618 | €5,348 | €5,213 | €5,116 | €4,988 | ▼ 2.5% |
| Other financial fixed assets284/8 | - | - | - | - | €4,988 | - |
| Amounts receivable and cash guarantees285/8 | - | - | - | - | €4,988 | - |
| Current assets29/58 | €1.7m | €2.7m | €3.8m | €4.5m | €5.6m | ▲ 24.9% |
| Stocks and contracts in progress3 | €234,038 | €363,800 | €344,791 | €251,064 | €292,025 | ▲ 16.3% |
| Stocks30/36 | €234,038 | €363,800 | €344,791 | €251,064 | €292,025 | ▲ 16.3% |
| Raw materials and consumables30/31 | - | - | - | - | €110,817 | - |
| Goods purchased for resale34 | - | - | - | - | €181,208 | - |
| Amounts receivable within one year40/41 | €1.4m | €2.2m | €3.3m | €4.2m | €5.2m | ▲ 24.9% |
| Trade receivables40 | €1.2m | €1.4m | €2.1m | €1.7m | €1.8m | ▲ 5.6% |
| Other amounts receivable41 | €254,889 | €846,856 | €1.2m | €2.5m | €3.4m | ▲ 37.8% |
| Cash at bank and in hand54/58 | €21,559 | €84,507 | €75,368 | €10,936 | €75,942 | ▲ 594% |
| Deferred charges and accrued income490/1 | €52,056 | €58,234 | €74,086 | €75,052 | €52,752 | ▼ 29.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.5m | €3.3m | €4.3m | €5.0m | €6.2m | ▲ 24.9% |
| Equity10/15 | €1.6m | €2.0m | €3.0m | €4.0m | €4.8m | ▲ 19.9% |
| Contributions10/11 | €998,750 | €998,750 | €998,750 | €998,750 | €998,750 | = |
| Capital10 | €998,750 | €998,750 | €998,750 | €998,750 | €998,750 | = |
| Issued capital100 | €998,750 | €998,750 | €998,750 | €998,750 | €998,750 | = |
| Reserves13 | €100,296 | €100,296 | €100,296 | €100,296 | €100,296 | = |
| Non-distributable reserves130/1 | €99,875 | €99,875 | €99,875 | €99,875 | €99,875 | = |
| Legal reserve130 | €99,875 | €99,875 | €99,875 | €99,875 | €99,875 | = |
| Tax-exempt reserves132 | €421 | €421 | €421 | €421 | €421 | = |
| Profit (loss) carried forward14 | €466,870 | €902,363 | €1.9m | €2.9m | €3.7m | ▲ 27.5% |
| Amounts payable17/49 | €922,379 | €1.3m | €1.4m | €1.0m | €1.5m | ▲ 44.8% |
| Amounts payable after more than one year17 | €375,000 | - | - | - | - | - |
| Financial debts170/4 | €375,000 | - | - | - | - | - |
| Amounts payable within one year42/48 | €520,425 | €1.3m | €1.4m | €1.0m | €1.5m | ▲ 44.8% |
| Current portion of amounts payable after more than one year42 | - | €375,000 | - | - | - | - |
| Trade debts44 | €314,835 | €603,813 | €505,171 | €275,465 | €453,674 | ▲ 64.7% |
| Suppliers440/4 | €314,641 | €603,813 | €505,171 | €275,465 | €453,674 | ▲ 64.7% |
| Bills of exchange payable441 | €195 | - | - | - | - | - |
| Advances received on contracts in progress46 | - | - | €2,241 | €17,716 | €5,216 | ▼ 70.6% |
| Taxes, remuneration and social security45 | €205,590 | €340,844 | €854,084 | €712,147 | €282,101 | ▼ 60.4% |
| Taxes450/3 | €49,245 | €174,036 | €592,128 | €485,703 | €44,295 | ▼ 90.9% |
| Remuneration and social security454/9 | €156,344 | €166,808 | €261,957 | €226,444 | €237,806 | ▲ 5.0% |
| Other amounts payable47/48 | - | - | - | - | €714,642 | - |
| Accrued charges and deferred income492/3 | €26,954 | €13,592 | €13,307 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €118,439 | €435,493 | €964,885 | €1.0m | €789,596 | ▼ 21.2% |
| + Depreciation and write-downs630 | €261,504 | €235,808 | €230,239 | €227,900 | €220,737 | ▼ 3.1% |
| Operating cash flow (approximation) | €379,943 | €671,300 | €1.2m | €1.2m | €1.0m | ▼ 17.9% |
| Investment in fixed assets (approximation) | - | -€75,963 | -€171,493 | -€149,925 | -€340,815 | ▼ 127% |
| Change in cash | - | €62,948 | -€9,139 | -€64,433 | €65,006 | ▲ 201% |
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
21-09
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 52 days late
28-01
State Gazette act
Permanent representative: Elien De Greef2 facts ▸
State Gazette act
Permanent representative: Elien De Greef
2 facts ▸
- General meeting, 05-12-2025
- Permanent representative, Elien De Greef
2025
17-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €1.0m ▲3.9%
Operating result €1.4m, net result €1.0m, both a record.
10-09
State Gazette act
Reappointment: EY BEDRIJFSREVISOREN BV (statutory auditor)Permanent representatives: Evelien De Groote and E. DE GROOTE BV4 facts ▸
State Gazette act
Reappointment: EY BEDRIJFSREVISOREN BV (statutory auditor)
Permanent representatives: Evelien De Groote and E. DE GROOTE BV4 facts ▸
- General meeting, 14-06-2024
- Auditor reappointment, EY BEDRIJFSREVISOREN BV (statutory auditor)
- Permanent representative, Evelien De Groote
- Permanent representative, E. DE GROOTE BV
20-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
30-01
State Gazette act
Resignation: Ernst en Young Bedrijfsrevisoren (statutory auditor)Appointment: Ernst en Young Bedrijfsrevisoren (statutory auditor) · Permanent representatives: Lieve Cornelis and Evelien DE GROOTE · Statutes amendment8 facts ▸
State Gazette act
Resignation: Ernst en Young Bedrijfsrevisoren (statutory auditor)
Appointment: Ernst en Young Bedrijfsrevisoren (statutory auditor) · Permanent representatives: Lieve Cornelis and Evelien DE GROOTE · Statutes amendment8 facts ▸
- General meeting, 22 december 2023
- Statutes amendment
- Capital, €998.750
- Auditor resignation, Ernst en Young Bedrijfsrevisoren
- Auditor appointment, Ernst en Young Bedrijfsrevisoren (statutory auditor)
- Permanent representative, Lieve Cornelis
- Permanent representative, Evelien DE GROOTE
- Power of attorney, Bert Stroobant
2023
02-10
State Gazette act
Reappointment: Hendrik Snauwaert (director)2 facts ▸
State Gazette act
Reappointment: Hendrik Snauwaert (director)
2 facts ▸
- General meeting, 09-06-2023
- Director reappointment, Hendrik Snauwaert (director)
22-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
25-01
State Gazette act
Resignations: WAEYAERT-VERMEERSCH ISOLATIE NV (director) and VCA INVEST BV (director)Appointments: BTX CONSULT BV (director) and MERVIN BV (director) · Permanent representatives: Remco Boerefijn and Daniël Van den Branden · Power of attorney10 facts ▸
State Gazette act
Resignations: WAEYAERT-VERMEERSCH ISOLATIE NV (director) and VCA INVEST BV (director)
Appointments: BTX CONSULT BV (director) and MERVIN BV (director) · Permanent representatives: Remco Boerefijn and Daniël Van den Branden · Power of attorney10 facts ▸
- General meeting, 15-12-2022
- Director resignation, WAEYAERT-VERMEERSCH ISOLATIE NV (director)
- Director appointment, BTX CONSULT BV (director)
- Permanent representative, Remco Boerefijn
- Director resignation, VCA INVEST BV (director)
- Director appointment, MERVIN BV (director)
- Permanent representative, Daniël Van den Branden
- Board meeting, 15-12-2022
- Director appointment, BTX CONSULT BV (managing director)
- Power of attorney, Bert Stroobant
2022
31-12
Financial
Equity above €2mEq €2.0m ▲27.8%
4 profitable years in a row build equity to €2.0m.
05-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
Show earlier events
2021
09-11
State Gazette act
Appointment: Ernst & Young Bedrijfsrevisoren BCVBA (statutory auditor)Permanent representatives: Lieve Cornelis, L. Cornelis and Remco Boerefijn5 facts ▸
State Gazette act
Appointment: Ernst & Young Bedrijfsrevisoren BCVBA (statutory auditor)
Permanent representatives: Lieve Cornelis, L. Cornelis and Remco Boerefijn5 facts ▸
- General meeting, 11-06-2021
- Auditor appointment, Ernst & Young Bedrijfsrevisoren BCVBA (statutory auditor)
- Permanent representative, Lieve Cornelis
- Permanent representative, L. Cornelis
- Permanent representative, Remco Boerefijn
09-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
18-03
State Gazette act
Permanent representative: Remco Boerefijn2 facts ▸
State Gazette act
Permanent representative: Remco Boerefijn
2 facts ▸
- General meeting, 12-06-2020
- Permanent representative, Remco Boerefijn
2020
09-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Back to profitnet €338,064
Net result €338,064 after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 2.82
Current ratio from 1.04 to 2.82; short-term debt falls from €2.7m to €746,864.
05-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
28-09
State Gazette act
Appointment: Ernst & Young Bedrijfsrevisoren BCVBA (statutory auditor)Permanent representatives: Lieve Cornelis, Bernard Vercaemst and BV ovv BVBA L. Cornelis5 facts ▸
State Gazette act
Appointment: Ernst & Young Bedrijfsrevisoren BCVBA (statutory auditor)
Permanent representatives: Lieve Cornelis, Bernard Vercaemst and BV ovv BVBA L. Cornelis5 facts ▸
- General meeting, 08-06-2018
- Auditor appointment, Ernst & Young Bedrijfsrevisoren BCVBA (statutory auditor)
- Permanent representative, Lieve Cornelis
- Permanent representative, Bernard Vercaemst
- Permanent representative, BV ovv BVBA L. Cornelis
01-08
State Gazette act
Reappointment: VANDELANOTTE BEDRIJFSREVISOREN (statutory auditor)Permanent representative: Carlo Vermeersch3 facts ▸
State Gazette act
Reappointment: VANDELANOTTE BEDRIJFSREVISOREN (statutory auditor)
Permanent representative: Carlo Vermeersch3 facts ▸
- General meeting, 12-06-2015
- Auditor reappointment, VANDELANOTTE BEDRIJFSREVISOREN (statutory auditor)
- Permanent representative, Carlo Vermeersch
19-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
10-04
State Gazette act
MiscellaneousPower of attorney6 facts ▸
State Gazette act
Miscellaneous
Power of attorney6 facts ▸
- General meeting, 02-03-2018
- Power of attorney, Gilles Verhulst
- Power of attorney, Dorian Feron
- Power of attorney, Tom Vanderhaegen
- Power of attorney, Loïc L'Arvor
- Power of attorney, Talitha Crabbe
31-01
State Gazette act
Resignations: Nathalie Clybouw, VCA Invest BVBA and Ipcom NVAppointments: VCA Invest BVBA (director) and Hendrik Snauwaert (director)6 facts ▸
State Gazette act
Resignations: Nathalie Clybouw, VCA Invest BVBA and Ipcom NV
Appointments: VCA Invest BVBA (director) and Hendrik Snauwaert (director)6 facts ▸
- General meeting, 19-12-2017
- Director resignation, Nathalie Clybouw (director)
- Director resignation, VCA Invest BVBA (director)
- Director resignation, Ipcom NV (director)
- Director appointment, VCA Invest BVBA (director)
- Director appointment, Hendrik Snauwaert (director)
2017
14-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
10-02
State Gazette act
Reappointments: Nathalie Clybouw, WAEYAERT-VERMEERSCH ISOLATIE and 2 othersPermanent representatives: BERNARD VERCAEMST, Carlo Vermeersch and Nathalie Clybouw · Appointment: Nico Vermeersch (day-to-day manager)12 facts ▸
State Gazette act
Reappointments: Nathalie Clybouw, WAEYAERT-VERMEERSCH ISOLATIE and 2 others
Permanent representatives: BERNARD VERCAEMST, Carlo Vermeersch and Nathalie Clybouw · Appointment: Nico Vermeersch (day-to-day manager)12 facts ▸
- General meeting, 15-07-2016
- Director reappointment, Nathalie Clybouw (director)
- Director reappointment, WAEYAERT-VERMEERSCH ISOLATIE (director)
- Permanent representative, BERNARD VERCAEMST
- Permanent representative, Bernard Vercaemst
- Director reappointment, VCA INVEST (director)
- Permanent representative, Carlo Vermeersch
- Director reappointment, IPCOM (director)
- Permanent representative, Nathalie Clybouw
- Board meeting, 15-07-2016
- Director reappointment, WAEYAERT-VERMEERSCH ISOLATIE (managing director)
- Director appointment, Nico Vermeersch (day-to-day manager)
2016
27-07
State Gazette act
Permanent representative: Bernard Vercaemst BVBAAppointment: VCA Invest BVBA (director) · Mandate compensation6 facts ▸
State Gazette act
Permanent representative: Bernard Vercaemst BVBA
Appointment: VCA Invest BVBA (director) · Mandate compensation6 facts ▸
- General meeting, 22-02-2016
- Board meeting, 22-02-2016
- Permanent representative, Bernard Vercaemst BVBA (permanent representative)
- Director appointment, VCA Invest BVBA (director)
- Mandate compensation, VCA Invest BVBA
- Permanent representative, Bernard Vercaemst BVBA (permanent representative)
19-01
State Gazette act
RestructuringMerger · Dissolution · Accounting effect6 facts ▸
State Gazette act
Restructuring
Merger · Dissolution · Accounting effect6 facts ▸
- General meeting, 28-12-2015
- Merger, Met fusie door overneming gelijkgestelde verrichting (art. 676, 1° WVV). Geen nieuwe aandelen uitgegeven., fusion par absorption
- Dissolution, 31-12-2015
- Accounting effect, 01-10-2015
- Power of attorney, Marie VAN DEN BRANDE
- Waiver, Verzaking aan de tussentijdse cijfers (art. 720, §2, 4° WVV)
2015
05-11
State Gazette act
RestructuringPermanent representative: Bernard Vercaemst · Proposal date · Merger5 facts ▸
State Gazette act
Restructuring
Permanent representative: Bernard Vercaemst · Proposal date · Merger5 facts ▸
- Proposal date, 21-10-2015
- Merger, fusie door overneming gelijkgestelde verrichting
- Accounting effect, 01-10-2015
- Permanent representative, Bernard Vercaemst
- Shareholding, alle aandelen
08-04
State Gazette act
MiscellaneousGeneral meeting1 fact ▸
State Gazette act
Miscellaneous
General meeting1 fact ▸
- General meeting, 05-03-2015
2014
27-03
State Gazette act
MiscellaneousGeneral meeting1 fact ▸
State Gazette act
Miscellaneous
General meeting1 fact ▸
- General meeting, 11-03-2014
2012
17-12
State Gazette act
Appointment: BVBA BERNARD VERCAEMST (director)Permanent representative: Bernard Vercaemst · Mandate compensation4 facts ▸
State Gazette act
Appointment: BVBA BERNARD VERCAEMST (director)
Permanent representative: Bernard Vercaemst · Mandate compensation4 facts ▸
- General meeting, 08-06-2012
- Director appointment, BVBA BERNARD VERCAEMST (director)
- Permanent representative, Bernard Vercaemst
- Mandate compensation, BVBA BERNARD VERCAEMST
20-04
State Gazette act
Capital & shares · RestructuringAppointment: VANDELANOTTE BEDRIJFSREVISOREN (statutory auditor) · Demerger · Accounting effect10 facts ▸
State Gazette act
Capital & shares · Restructuring
Appointment: VANDELANOTTE BEDRIJFSREVISOREN (statutory auditor) · Demerger · Accounting effect10 facts ▸
- Demerger, partielle splitsing, installatieactiviteiten
- Accounting effect, 01/10/2011
- General meeting, 30/03/2012
- Approval, splitsing van WAEYAERT-VERMEERSCH ISOLATIE
- Auditor appointment, VANDELANOTTE BEDRIJFSREVISOREN (statutory auditor)
- Capital increase, €848.750
- Share issue, aandelen zonder vermelding van waarde, 2716
- Capital, €998.750
- Power of attorney, B-DOCS
- Profit participation, 02/11/2011
2011
15-12
State Gazette act
Restructuring · MiscellaneousDemerger1 fact ▸
State Gazette act
Restructuring · Miscellaneous
Demerger1 fact ▸
- Demerger, 30-11-2011
18-11
State Gazette act
IncorporationAppointments: CLYBOUW Nathalie Paula Gerarda, IPCOM and 2 others · Permanent representatives: CLYBOUW Nathalie Paula Gerarda, VCA INVEST and VERMEERSCH Carlo · Founder14 facts ▸
State Gazette act
Incorporation
Appointments: CLYBOUW Nathalie Paula Gerarda, IPCOM and 2 others · Permanent representatives: CLYBOUW Nathalie Paula Gerarda, VCA INVEST and VERMEERSCH Carlo · Founder14 facts ▸
- Incorporation, 02-11-2011
- Founder, VERMEERSCH LOGISTICS
- Founding capital, €150.000
- Bank account, ING België
- Director appointment, CLYBOUW Nathalie Paula Gerarda (director)
- Director appointment, IPCOM (director)
- Permanent representative, CLYBOUW Nathalie Paula Gerarda
- Director appointment, WAEYAERT-VERMEERSCH ISOLATIE (director)
- Permanent representative, VCA INVEST
- Permanent representative, VERMEERSCH Carlo
- Director appointment, WAEYAERT-VERMEERSCH ISOLATIE (managing director)
- Auditor appointment, VANDELANOTTE BEDRIJFSREVISOREN
- +2 further facts in this act
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
21 of 21 acts read
Directors · office · real estate
Directors
3 directors, 1 in day-to-day management, no change since 2023
Board 3
Snauwaert Hendrik
CurrentDirector · since 19-12-2017
MERVIN
CurrentDirector · since 01-01-2023 · Private limited company · perm. rep.: Daniël Van den Branden
BTX CONSULT BV
CurrentDirector · since 25-01-2023 · Legal entity · from a recent act
1 not recently confirmed
Still in office according to the acts, but no act of the last six years confirms the mandate. It has often ended since, in an act we have not read.
BERNARD VERCAEMST
Not recently confirmedDirector · since 08-06-2012 · Private limited company · perm. rep.: Bernard Vercaemst
Day-to-day management 1
BTX CONSULT BV
CurrentManaging director · since 25-01-2023 · Legal entity · from a recent act
1 not recently confirmed
Still in office according to the acts, but no act of the last six years confirms the mandate. It has often ended since, in an act we have not read.
VERMEERSCH Nico
Not recently confirmedDay-to-day manager · since 01-01-2016
Permanent representatives 1
Daniël Van den Branden
CurrentPermanent representative · since 01-01-2023 · for MERVIN
1 not recently confirmed
Still in office according to the acts, but no act of the last six years confirms the mandate. It has often ended since, in an act we have not read.
Bernard Vercaemst
Not recently confirmedPermanent representative · since 08-06-2012 · for BERNARD VERCAEMST
Statutory auditor 1
Ernst et Young Reviseurs d'Entreprises
CurrentStatutory auditor · since 08-06-2018
"From a recent act": read from a Gazette act not yet processed into our list of directors.
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Location & real-estate footprint
Registered office, Kortemark · 2 establishment units since 2011
Ground area
3.1 ha
Building footprint
1,969 m²
Volume, LiDAR
10,362 m³
3 parcels, Flanders · tallest building 8.4 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
2 establishment units
Isolteam
since 20112.209.989.503
Isolteam
since 20162.260.826.510
3 parcels
Flanders
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 32005A0326/00M012 | Flanders | 2.8 ha | 1 · 437 m² | 7.0 m · 2 fl. |
| 41076A0238/00E000 | Flanders | 2,884 m² | 1 · 1,403 m² | 6.2 m · 2 fl. |
| 32005A0326/00R009 | Flanders | 527 m² | 1 · 129 m² | 8.4 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Mandate history
12 people since 2011, 6 in office
- Board
- Day-to-day management
- Statutory auditor
- not recently confirmed
| Name | Functions and periods |
|---|---|
| Snauwaert Hendrik |
|
| MERVIN |
|
| BTX CONSULT BVfrom an act |
|
| Ernst et Young Reviseurs d'Entreprises |
|
| BERNARD VERCAEMST |
|
| VERMEERSCH Nico |
|
| VCA INVEST |
|
| ISOBUILD KORTEMARK |
|
| CALLENS VANDELANOTTE |
|
| CLYBOUW Nathalie |
|
| IPCOM |
|
| Vandelanotte Bedrijfsrevisoren |
|
Articles of association
Purpose
1) de aankoop en verkoop, de groot- en kleinhandel en fabricatie van alle soorten isolatiematerialen, mineralen en bouwmaterialen; 2) het uitvoeren van alle isolatie- en…
Full purpose
1) de aankoop en verkoop, de groot- en kleinhandel en fabricatie van alle soorten isolatiematerialen, mineralen en bouwmaterialen; 2) het uitvoeren van alle isolatie- en montagewerken en timmerwerken en bijhorende afwerkingen, de in- en uitvoer, de commissiehandel en de vertegenwoordiging in bovengenoemde producten; 3) haar patrimonium, bestaande uit onroerende en roerende goederen en rechten, te behouden, in de ruimste zin van het woord te beheren en oordeelkundig uit te breiden...; 4) het deelnemen in of de directie voeren over andere vennootschappen en ondernemingen...; 5) het verlenen van technische, administratieve of commerciële bijstand...; 6) het verwerven van participaties...; 7) de aankoop, verhuur, onderhoud en verkoop van alle roerende goederen...
Structure & network
Owners and holdings
1 ownerChain of control
- Green Leaf Midco 1
- Green Leaf Midco 2
- Green Leaf Midco 3
- Green Leaf Midco 4
- Green Leaf Bidco
- Isolstar Holding
- IPCOM
- VERMEERSCH LOGISTICS
- ISOLTEAM
Highest known parent: Green Leaf Midco 1. The sources do not say who stands above it.
Owners 1
-
100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. 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 fill in these statements, or need not, is missing.
Connections & network
9 connected companiesThis company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, scroll to zoom.
Linked via shared directors
ISOBUILD HOBOKEN
Shared director
→
ISOTRANS
Shared director
→
Renasci
Shared director
→
Vlaams Energiebedrijf
Shared director
→
Show 5 more companies with a shared director
VNI INVEST
Shared director
→
BlueAlp Oostende Recycling
Shared corporate director
→
INSULCON N.V.
Shared corporate director
→
ISOBUILD VERVIERS
Shared corporate director
→
RenaSci Oostende Smart Chain Processing
Shared corporate director
→
Acquisitions and mergers
2 transactionsTook over:ISODIRECT
Received in a demerger part of:WAEYAERT-VERMEERSCH ISOLATIE
Capital and shareholders
Shareholders according to the acts
At incorporation
act of 18-11-2011 ↗
- VERMEERSCH LOGISTICS (BE 0476.409.263) sole founder · 100% at incorporation
The Belgian State Gazette names shareholders only when an act mentions them; the share register itself is not published.
Capital over the years
- 30-01-2024 Capital stated in the act · 998,750 EUR · 3,196 shares
- 20-04-2012 Capital increase of 848,750 EUR · to 998,750 EUR · 2,716 new shares
- 18-11-2011 Incorporation · 150,000 EUR · 480 shares
Public money · subsidies and aid
Flemish government
2023 to 2025 · 3 entries · 1,875 EUR awarded · 1,875 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 341 EUR | 341 EUR |
| 2024 | 1 | 682 EUR | 682 EUR |
| 2023 | 1 | 852 EUR | 852 EUR |
Schemes
Recognitions · licences · registrations
Recognised contractor
1 categoryISOLTEAM NV39068
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Of 1,805 companies in sector 46831 we hold annual accounts for 1,398. 725 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded07-11-2011
Fiscal year end31-12
Activities, NACEBEL 2025
43230Insulation installation
46831Wholesale of construction materials, general range
46130Agents in the wholesale of timber and building materials
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0840835293
Also
9925:BE0840835293
Registered
18-12-2025
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.