Equity
€330,046 from €661,235 in 2017
Equity fell by 50% in 8 years.
ISOLTEC
Lifetime
20 annual accounts with figures on one time axis, 32 filings since 1994peak €2.0m (2014)
€802,310▲ 119%
lowest -€365,269 (2021)
€753,152▲ €1.1m
peak €661,235 (2017)
€330,046▼ 41.1%
€389,979▼ 71.6%
peak 28.5 FTE (2020)
0 FTE▼ 100%
Board5 names since 2008
1 directorP.C.C. NV
Owners
Documentsfilings and deeds
31-08-202631 days late
2025abbreviated format
Gross margin from €366,294 to €802,310Back to profit: €753,152Staff from 17.6 FTE to 0 FTE1 director resigning, 1 reappointment 25-02Registered office moved from Herstal to Sint-Martens-Latem 11-02Equity from €560,178 to €330,046
Key points
from the 2025 annual accountsTurnover
≈ €1.2m estimated
The accounts state no turnover.
Staff
0 FTE ▼ 100%
Fewer staff in 2025 from 17.6 FTE to 0 FTE.
Liquidity
1.43 was 3.11 in 2024
Short-term debts rose from €152,758 to €389,938.
Filings
32 annual accounts since 1994
Seven of the last ten came late. The 2016 accounts came latest: 31 days after the end of the period.
Position in the sector
€753,152
Higher net result than 93% of companies in head offices and management consultancy. Sector median €37,500 · 10,856 companies.
Checked score
94
Excellent
Financially stronger than 52% of micro companies in head offices and management consultancy (NACE 70)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 48,570 companies (NACE 70, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.7%
01-2025: 0.7%● unchanged vs 12-2024
02-2025: 0.7%● unchanged vs 01-2025
03-2025: 1.2%▲ +0.5 percentage points vs 02-2025
04-2025: 1.2%● unchanged vs 03-2025
05-2025: 1.3%▲ +0.1 percentage points vs 04-2025
06-2025: 1.2%▼ -0.1 percentage points vs 05-2025
07-2025: 1.3%▲ +0.1 percentage points vs 06-2025
08-2025: 1.3%● unchanged vs 07-2025
09-2025: 1.3%● unchanged vs 08-2025
10-2025: 1.3%● unchanged vs 09-2025
11-2025: 1.3%● unchanged vs 10-2025
12-2025: 1.3%● unchanged vs 11-2025
01-2026: 1.3%● unchanged vs 12-2025
02-2026: 1.3%● unchanged vs 01-2026
03-2026: 1.3%● unchanged vs 02-2026
04-2026: 1.3%● unchanged vs 03-2026
05-2026: 1.3%● unchanged vs 04-2026
06-2026: 1.3%● unchanged vs 05-2026
07-2026: 1.3%● unchanged vs 06-2026
08-2026: 1.6%▲ +0.3 percentage points vs 07-2026highest value
09-2026: 0.1%▼ -1.5 percentage points vs 08-2026lowest value
10-2026: 0.1%● unchanged vs 09-2026lowest value
11-2026: 0.1%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
raises risk
1 change of registered office in 24 months
Last filed accounts filed 31 days late; 1 of the last 3 accounts late
lowers risk
Liquidity: current ratio 1.43, cash €449,641
Size: total assets €720,026
Calculation
The band follows from the bankruptcy probability. 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). It does better than 43% of them on solvency, 64% on liquidity, 84% on profitability and 15% on growth.
The bankruptcy probability was computed on 08-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 20,137 companies had the same profile as ISOLTEC has now. Each dot stands for 51 companies, two years later.
95.1%
were still trading
4.7%
stopped another way
0.2%
went bankrupt
That fits the bankruptcy probability of ISOLTEC itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 20,137 companies, not a prediction for ISOLTEC. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €30,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.43 (3.11 in 2024), below the usual 1.5. Short-term debt is 54.2% and cash 62.4% of total assets. 54.2% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 31 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
31 days late
2024
35 days early
2023
30 days late
2022
31 days late
2021
30 days late
2020
4 days early
2019
4 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 11 days after the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 31 August (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0451914783
1 director resigning, 1 reappointment
Resignation: Carlos Van De Velde · Reappointment: Carlos Van De Velde (director) · Permanent representative: Carlos Van De Velde · Gazette deed
Registered office moved from Herstal to Sint-Martens-Latem
New registered office: Baarle Frankrijkstraat 13, 9830 Sint-Martens-Latem · Previous registered office: Rue des Alouettes 150, 4041 Herstal · Gazette deed
1 director resigning
CORPAD SRL · Permanent representatives: Claus Emmanuel and Van De Velde Carlos · General meeting of 06-09-2022 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| ISOLTEC Sint-Martens-Latem | €0.7m | €802,310 | 45.8% | 0 |
| Jumalo Erpe-Mere | €1.2m | €456,040 | 62.0% | 0.1 |
| SCHEDL AUTOMOTIVE SYSTEM SERVICE Bredene | €0.8m | €472,960 | 91.8% | 0.2 |
| BUITENOOGST Lier | €1.0m | €484,009 | 54.3% | 0 |
| C.M.P. Waregem | €1.0m | €527,911 | 85.1% | 0 |
| ARCHIMEDES Antwerp | €1.6m | €895,980 | 55.8% | 0 |
| ENGELEN BEDRIJFSREVISOR & ACCOUNTANT Zwevegem | €0.8m | €760,694 | 81.7% | 0 |
These companies have the same main activity as ISOLTEC: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €799,000 and €1.6m, founded between 1996 and 2009.
Official details
Source: KBO- Status
- Active since 28-12-1993Normal situation
- Activity
- Business and other management consultancyNACE 70200and 2 others
- Establishment unit
- 2.065.910.5529830 Sint-Martens-Latem, since 09-03-1994
- Financial year end
- 31 December
- Peppol
- Reachable since 29-12-2025
Insights on ISOLTEC
ISOLTEC files the abbreviated format. That format states no turnover. The gross margin rose from €446,964 in 2006 to €802,310 in 2025.
P.C.C. holds all the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about ISOLTEC
- What is the company number of ISOLTEC?
- The company number of ISOLTEC is 0451.914.783. The VAT number is the same number with BE in front: BE 0451.914.783.
- Where is ISOLTEC based?
- The registered office is at Baarle-Frankrijkstraat 13, 9830 Sint-Martens-Latem.Company details
- What does ISOLTEC do?
- According to the KBO register, the main activity is business and other management consultancy (NACE 70200).
- What is the legal form of ISOLTEC?
- ISOLTEC is a private limited company (BV).
- When was ISOLTEC founded?
- ISOLTEC was founded on 28-12-1993.
- Is ISOLTEC still active?
- Yes, ISOLTEC is an active enterprise in the KBO register.
- How many employees does ISOLTEC have?
- ISOLTEC had an average of 17.6 full-time equivalents in financial year 2024, according to the filed annual accounts.Financials
- What is the turnover of ISOLTEC?
- The turnover in financial year 2025 is ≈ €1.2m. This figure is estimated from the gross margin of €802,310 and 74 comparable companies (NACE 70200). It probably lies between €950,000 and €2.2m.
- Is ISOLTEC profitable?
- In financial year 2025, ISOLTEC made a profit of €753,152.
- Where can I find the annual accounts of ISOLTEC?
- ISOLTEC filed 32 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of ISOLTEC due?
- ISOLTEC must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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