Equity
ISOLUTION has made a profit without a break since 2016.
ISOLUTION has made a profit without a break since 2016.
The result rose in 2025 from €24,589 to €74,991.
€158,581 of the debts are secured on the company's own assets. In 2023 that was €376,913.
In 2025, 4 people joined and 18 left.
The last five annual accounts were filed 16 to 113 days before the end of the period.
2 restructurings in 2026. Latest: merger with ISOPROFIL.
The dashed line is the sector median: 0.3% across 2,647 companies (NACE 43, small).
About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 43, small). It does better than 23% of them on solvency, 13% on liquidity, 51% on profitability and 74% on growth.
The bankruptcy probability was computed on 09-11-2026 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 low class on 30-06-2025, 0.8% 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).
In July 2024, 4,107 companies had the same profile as ISOLUTION has now. Each dot stands for 11 companies, two years later.
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of ISOLUTION itself: 0.6% within 12 months.
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 4,107 companies, not a prediction for ISOLUTION. 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.
Liquidity is tight, with a current ratio of 1.11 (1.23 in 2024), below the usual 1.5. Short-term debt is 68.9% and cash 6.7% of total assets. 78.8% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 38 days before the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| ISOLUTION Namur | €2.2m | €2.7m | 21.2% | 33.6 |
| KDS Consult Beveren-Kruibeke-Zwijndrecht | €2.3m | €2.5m | 18.5% | 27.5 |
| D&D Isoltechnics Sint-Pieters-Leeuw | €1.8m | €2.6m | 33.5% | 40.9 |
| INDUSTRIAL COMPANY OF TECHNICAL SOLUTIONS Saint-Ghislain | €5.2m | €2.9m | 16.9% | 41.6 |
| Fyxt Waregem | €1.4m | €1.6m | 18.1% | 19.3 |
| SADONES LUSADAK Ronse | €1.3m | €1.3m | 34.2% | 20.3 |
| Isoworx Genk | €2.9m | €2.2m | 29.2% | 19.4 |
These companies have the same main activity as ISOLUTION: insulation installation (NACE 43230). They are comparable in size and age: total assets between €1.3m and €5.2m, founded between 2005 and 2017.
ISOLUTION has existed since 2010. The gross margin grew from €202,284 in 2011 to €2.7m in 2025 and staff from 2.8 to 33.6 full-time equivalents.
The gross margin has grown every year since 2021.
CO2HOLD holds all the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
The turnover shown is an estimate from the gross margin.
Turnover ≈ €7.5m. Estimated: probably between €6.2m and €9.2m.
Higher than 22% of 2,463 companies in 2025.
Higher than 23% of 2,436 companies in 2025.
Higher than 44% of 2,454 companies in 2025.
Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: middle half · Staff: top quarter
Staff costs divided by the average number of full-time equivalents.
In 2025, 4 people joined and 18 left. Training hours in 2025: 412.
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||||||
20/58 |
2.2m | 2.2m | 2.2m | 1.7m | 1.5m | 1.2m | 1.1m | 715,243 | 553,263 | 448,034 | 450,186 | 678,775 | 469,786 | 226,858 | 201,799 | |
20 |
178,960 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
21/28 |
345,142 | 461,918 | 485,506 | 253,423 | 76,144 | 57,807 | 62,414 | 69,919 | 37,907 | 31,806 | 54,546 | 84,605 | 94,031 | 56,885 | 69,975 | |
21 |
11,156 | 26,442 | 20,808 | 8,105 | 5,519 | - | - | 1,360 | 2,720 | - | - | - | - | 1,199 | 3,597 | |
22/27 |
328,589 | 430,184 | 459,406 | 243,222 | 68,530 | 55,712 | 61,046 | 67,491 | 34,842 | 31,586 | 54,376 | 84,435 | 93,861 | 55,516 | 66,208 | |
22 |
69,323 | 63,782 | 72,026 | 37,710 | 375 | 537 | - | - | - | 83 | 224 | 618 | 742 | 952 | - | |
23 |
67,625 | 101,452 | 117,747 | 43,597 | 9,418 | 6,087 | 9,426 | 1,103 | 5,808 | 18,792 | 32,645 | 49,140 | 47,424 | 30,607 | 31,154 | |
24 |
84,965 | 200,089 | 269,634 | 161,915 | 58,737 | 49,088 | 51,620 | 66,388 | 29,035 | 12,710 | 21,507 | 34,677 | 45,695 | 23,957 | 35,055 | |
25 |
19,447 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
26 |
87,229 | 64,860 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
28 |
5,397 | 5,292 | 5,292 | 2,096 | 2,096 | 2,096 | 1,368 | 1,068 | 344 | 220 | 170 | 170 | 170 | 170 | 170 | |
29/58 |
1.7m | 1.7m | 1.7m | 1.4m | 1.4m | 1.1m | 1.1m | 645,325 | 515,356 | 416,228 | 395,639 | 594,170 | 375,755 | 169,974 | 131,825 | |
3 |
423,002 | 486,932 | 394,608 | 338,932 | 431,541 | 334,732 | 350,124 | 193,334 | 165,543 | 102,271 | 31,455 | 58,317 | 63,576 | 18,623 | 14,845 | |
30/36 |
423,002 | 486,932 | 394,608 | 338,932 | 431,541 | 334,732 | 350,124 | 193,334 | 165,543 | 102,271 | 31,455 | 58,317 | 63,576 | 18,623 | 14,845 | |
40/41 |
1.1m | 1.0m | 1.2m | 873,205 | 432,500 | 367,124 | 315,175 | 203,947 | 200,024 | 145,458 | 145,639 | 186,494 | 93,283 | 95,628 | 61,347 | |
40 |
285,830 | 383,236 | 501,148 | 248,559 | 334,338 | 321,497 | 279,362 | 162,185 | 155,496 | 120,378 | 85,917 | 133,432 | 58,783 | 75,623 | 44,231 | |
41 |
789,718 | 632,377 | 671,556 | 624,646 | 98,162 | 45,627 | 35,813 | 41,762 | 44,527 | 25,080 | 59,723 | 53,062 | 34,500 | 20,004 | 17,116 | |
50/53 |
- | - | - | - | - | - | - | - | - | - | - | 26,100 | 18,000 | - | - | |
54/58 |
149,695 | 139,070 | 116,900 | 197,186 | 526,580 | 399,271 | 390,628 | 234,362 | 137,446 | 155,381 | 215,248 | 284,842 | 189,914 | 45,313 | 55,632 | |
490/1 |
64,329 | 78,447 | 65,017 | 24,242 | 22,532 | 15,639 | 14,111 | 13,681 | 12,344 | 13,117 | 3,297 | 38,416 | 10,982 | 10,410 | - | |
| Balance sheet: equity and liabilities | ||||||||||||||||
10/49 |
2.2m | 2.2m | 2.2m | 1.7m | 1.5m | 1.2m | 1.1m | 715,243 | 553,263 | 448,034 | 450,186 | 678,775 | 469,786 | 226,858 | 201,799 | |
10/15 |
474,871 | 401,936 | 361,817 | 352,703 | 353,220 | 352,757 | 167,732 | 166,643 | 91,669 | 145,997 | 129,973 | 205,335 | 174,841 | 46,009 | 42,875 | |
10/11 |
25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | |
100 |
- | - | - | - | - | - | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | |
13 |
326,825 | 326,825 | 326,825 | 326,825 | 326,825 | 326,825 | 139,880 | 135,880 | 52,750 | 102,750 | 82,747 | 142,747 | 127,500 | 2,500 | 894 | |
130/1 |
2,500 | 2,500 | 2,500 | 2,500 | 2,500 | 2,500 | - | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 2,500 | 2,500 | 2,500 | 2,500 | 2,500 | 2,500 | 2,500 | 2,500 | 894 | |
1311 |
2,500 | 2,500 | 2,500 | 2,500 | 2,500 | 2,500 | - | - | - | - | - | - | - | - | - | |
132 |
- | - | - | - | 56,325 | 56,325 | 37,380 | 37,380 | - | 20,250 | 15,247 | 60,247 | 45,000 | - | - | |
133 |
324,325 | 324,325 | 324,325 | 324,325 | 268,000 | 268,000 | 100,000 | 96,000 | 50,250 | 80,000 | 65,000 | 80,000 | 80,000 | - | - | |
14 |
109,572 | 34,581 | 9,992 | 878 | 1,395 | 932 | 540 | 1,138 | 4,782 | 4,597 | 1,526 | 16,888 | 1,641 | 18,509 | 16,982 | |
15 |
13,473 | 15,530 | - | - | - | - | 2,312 | 4,625 | 9,137 | 13,650 | 20,700 | 20,700 | 20,700 | - | - | |
16 |
24,601 | 24,601 | 24,601 | 24,601 | 24,601 | 24,601 | 24,601 | - | - | - | - | - | - | 6,500 | - | |
160/5 |
24,601 | 24,601 | 24,601 | 24,601 | 24,601 | 24,601 | 24,601 | - | - | - | - | - | - | 6,500 | - | |
164/5 |
24,601 | 24,601 | 24,601 | 24,601 | 24,601 | 24,601 | 24,601 | - | - | - | - | - | - | - | - | |
17/49 |
1.7m | 1.8m | 1.8m | 1.3m | 1.1m | 797,215 | 940,119 | 548,601 | 461,594 | 302,037 | 320,212 | 473,439 | 294,945 | 174,349 | 158,924 | |
17 |
172,511 | 336,384 | 323,562 | 200,002 | 25,918 | 21,438 | 39,111 | 58,109 | 15,482 | 11,302 | 27,294 | 49,265 | 52,820 | 40,514 | 43,950 | |
170/4 |
172,511 | 336,384 | 323,562 | 200,002 | 25,918 | 21,438 | 39,111 | 58,109 | 15,482 | 11,302 | 27,294 | 49,265 | 52,820 | 40,514 | 43,950 | |
42/48 |
1.5m | 1.4m | 1.5m | 1.1m | 1.1m | 775,733 | 900,893 | 490,234 | 445,867 | 290,727 | 282,151 | 416,066 | 242,126 | 133,830 | 114,974 | |
42 |
276,076 | 256,719 | 151,788 | 70,455 | 31,242 | 27,703 | 30,658 | 33,729 | 10,668 | 15,991 | 21,972 | 35,156 | 32,355 | 21,179 | 13,807 | |
43 |
550,000 | 450,000 | 655,000 | 200,000 | - | - | - | - | - | - | - | - | - | - | - | |
430/8 |
550,000 | 450,000 | 655,000 | 200,000 | - | - | - | - | - | - | - | - | - | - | - | |
44 |
452,723 | 391,409 | 374,316 | 171,720 | 293,236 | 161,264 | 196,812 | 224,088 | 179,457 | 59,623 | 38,708 | 100,697 | 91,721 | 54,555 | 91,184 | |
440/4 |
452,723 | 391,409 | 374,316 | 171,720 | 293,236 | 161,264 | 196,812 | 224,088 | 179,457 | 59,623 | 38,708 | 100,697 | 91,721 | 54,555 | 91,184 | |
46 |
0 | 7,474 | 43,844 | 195,980 | 487,669 | 531,344 | 631,127 | 209,194 | 200,387 | 212,163 | 156,403 | 211,297 | 74,057 | 44,989 | - | |
45 |
260,456 | 292,021 | 279,873 | 131,436 | 70,391 | 49,214 | 35,565 | 2,989 | 4,243 | 1,788 | 2,310 | 16,656 | 24,833 | 12,492 | 9,612 | |
450/3 |
106,531 | 103,160 | 103,798 | 81,040 | 35,812 | 35,379 | 20,758 | - | - | 1,788 | 2,310 | 16,656 | 24,833 | 10,411 | 9,612 | |
454/9 |
153,926 | 188,861 | 176,074 | 50,396 | 34,580 | 13,836 | 14,807 | 2,989 | 4,243 | - | - | - | - | 2,081 | - | |
47/48 |
750 | - | 0 | 340,000 | 202,943 | 6,208 | 6,731 | 20,234 | 51,112 | 1,161 | 62,758 | 52,261 | 19,161 | 615 | 373 | |
492/3 |
24,688 | 21,436 | 19,934 | 91 | 77 | 44 | 114 | 258 | 244 | 7 | 10,767 | 8,108 | - | 5 | - | |
| Income statement | ||||||||||||||||
76A |
- | - | - | - | - | 1,709 | - | - | - | - | - | 430 | 24 | - | - | |
9900 |
2.7m | 2.6m | 1.9m | 1.2m | 747,414 | 769,093 | 543,690 | 463,981 | 424,928 | 447,293 | 473,595 | 527,471 | 494,665 | 263,377 | 202,284 | |
62 |
2.4m | 2.2m | 1.6m | 695,983 | 461,115 | 349,647 | 334,737 | 290,940 | 340,065 | 344,128 | 390,769 | 380,927 | 300,503 | 212,717 | 129,578 | |
630 |
239,819 | 203,053 | 158,836 | 44,022 | 23,835 | 24,173 | 29,970 | 30,774 | 33,824 | 26,995 | 39,071 | 48,693 | 47,968 | 35,138 | 42,024 | |
631/4 |
7,076 | 7,076 | 1,129 | 3,687 | -11,214 | 12,201 | 15,514 | 32,106 | -11,974 | 44,753 | 9,160 | - | 3,806 | - | - | |
635/8 |
- | - | - | - | - | - | 24,601 | - | - | - | - | - | -6,500 | 6,500 | - | |
640/8 |
28,758 | 19,028 | 26,879 | 8,633 | 6,935 | 3,621 | 2,310 | 2,218 | 1,775 | 3,684 | 1,814 | 2,457 | 2,257 | 2,367 | 1,481 | |
649 |
-212,080 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
66A |
- | - | 0 | 2,262 | 5,221 | - | - | - | - | - | 3,378 | 20,282 | 1,260 | - | - | |
9901 |
203,651 | 163,906 | 82,559 | 458,090 | 261,520 | 379,452 | 136,558 | 107,943 | 61,238 | 27,732 | 32,780 | 95,395 | 146,631 | 6,656 | 29,201 | |
75/76B |
11,800 | 4,495 | 1,068 | 7,572 | 3,979 | 4,069 | 9,258 | 4,579 | 4,637 | 5,831 | 2,264 | 2,767 | 1,274 | 477 | 261 | |
75 |
4,509 | 4,495 | 353 | 7,572 | 3,979 | 4,069 | 9,258 | 4,579 | 4,637 | 5,831 | 2,264 | 2,767 | 1,274 | 477 | 261 | |
76B |
7,291 | 0 | 714 | - | - | - | - | - | - | - | - | - | - | - | - | |
65/66B |
64,223 | 82,065 | 41,101 | 5,841 | 2,302 | 1,582 | 1,828 | 3,696 | 1,406 | 1,571 | 21,691 | 2,717 | 3,809 | 2,656 | 2,489 | |
65 |
64,223 | 82,065 | 41,101 | 5,841 | 2,302 | 1,582 | 1,828 | 3,696 | 1,406 | 1,571 | 21,691 | 2,717 | 3,809 | 2,656 | 2,489 | |
9903 |
151,227 | 86,336 | 42,525 | 459,821 | 263,197 | 381,939 | 143,987 | 108,827 | 64,469 | 31,992 | 9,974 | 75,593 | 142,860 | 4,478 | 26,974 | |
67/77 |
76,236 | 61,747 | 33,411 | 120,338 | 65,734 | 94,602 | 44,585 | 29,341 | 4,285 | 8,918 | 10,336 | 20,099 | 34,728 | 1,344 | 9,098 | |
9904 |
74,991 | 24,589 | 9,114 | 339,483 | 197,463 | 287,337 | 99,402 | 79,486 | 60,185 | 23,074 | -362 | 55,495 | 108,132 | 3,134 | 17,875 | |
689 |
- | - | - | - | - | 18,945 | - | 37,380 | - | 5,003 | - | 15,247 | 45,000 | - | - | |
9905 |
74,991 | 24,589 | 9,114 | 339,483 | 197,463 | 268,392 | 99,402 | 42,106 | 60,185 | 18,071 | -362 | 40,247 | 63,132 | 3,134 | 17,875 | |
| Appropriation of the result | ||||||||||||||||
9906 |
109,572 | 34,581 | 9,992 | 340,878 | 198,395 | 268,932 | 100,540 | 46,888 | 64,782 | 19,597 | 16,526 | 41,888 | 81,641 | 20,115 | 17,875 | |
14P |
34,581 | 9,992 | 878 | 1,395 | 932 | - | - | - | - | - | - | - | - | - | - | |
791/2 |
- | - | - | - | - | 100,000 | 96,000 | - | 60,000 | - | 75,000 | - | - | - | - | |
691/2 |
- | - | - | - | - | 268,000 | 100,000 | 45,750 | 10,000 | 15,000 | 15,000 | - | 80,000 | 1,606 | 894 | |
6920 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 1,606 | 894 | |
6921 |
- | - | - | - | - | 268,000 | 100,000 | 45,750 | 10,000 | 15,000 | 15,000 | - | 80,000 | - | - | |
694/7 |
- | - | 0 | 340,000 | 197,000 | 100,000 | 96,000 | - | 110,000 | - | 75,000 | 25,000 | - | - | - | |
694 |
- | - | 0 | 340,000 | 197,000 | 100,000 | 96,000 | - | 60,000 | - | 75,000 | 25,000 | - | - | - | |
695 |
- | - | - | - | - | - | - | - | 50,000 | - | - | - | - | - | - | |
| Social balance sheet | ||||||||||||||||
9087 |
33.6 | 39.1 | 30.4 | 14.2 | 9.5 | 7.4 | 6.8 | 6.6 | 8 | 8.9 | 8.8 | 8.3 | 7.3 | 5.3 | 2.8 | |
Hours worked1013 |
53,501 | 59,409 | 49,201 | 22,435 | 15,604 | 10,445 | 10,390 | 9,423 | 11,307 | 12,230 | 13,291 | 14,003 | 11,460 | 8,391 | 4,848 | |
| Document | ||||||||||||||||
The notes to these accounts have 32 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 09-04-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 09-04-2026 | 2026-00078470 | |
| 31-12-2024 | full format | 15-07-2025 | 2025-00276510 | |
| 31-12-2023 | full format | 01-07-2024 | 2024-00208543 | |
| 31-12-2022 | full format | 08-06-2023 | 2023-00115344 | |
| 31-12-2021 | full format | 06-07-2022 | 2022-20154323 | |
| 31-12-2020 | full format | 16-07-2021 | 2021-36700576 | |
| 31-12-2019 | full format | 17-07-2020 | 2020-32100490 | |
| 31-12-2018 | full format | 12-07-2019 | 2019-32500351 | |
| 31-12-2017 | full format | 17-07-2018 | 2018-34200078 | |
| 31-12-2016 | full format | 18-07-2017 | 2017-32800359 | |
| 31-12-2015 | full format | 01-07-2016 | 2016-27600478 | |
| 31-12-2014 | full format | 28-07-2015 | 2015-35800580 | |
| 31-12-2013 | full format | 26-06-2014 | 2014-22400335 | |
| 31-12-2012 | full format | 25-06-2013 | 2013-22100065 | |
| 31-12-2011 | full format | 31-07-2012 | 2012-38300562 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 443,469 | 366,959 | 241,395 | 502,113 | 285,356 | 403,624 | 166,528 | 138,717 | 95,062 | 54,728 | 71,851 | 144,088 | 194,599 | 41,794 | 71,225 | ||
| 314,810 | 227,642 | 167,951 | 383,505 | 221,298 | 311,510 | 129,372 | 110,260 | 94,009 | 50,069 | 38,710 | 104,188 | 156,099 | 38,271 | 59,899 | ||
| 109,254 | 179,464 | 390,920 | 236,519 | 62,975 | 19,736 | 22,465 | 62,786 | 39,925 | 4,255 | 9,013 | 47,967 | 85,114 | 22,048 | 111,998 | ||
| 10,624 | 22,170 | -80,286 | -329,395 | 127,309 | 8,643 | 156,266 | 96,916 | -17,935 | -59,867 | -69,594 | 94,928 | 144,601 | -10,319 | - | ||
| 172,568 | 322,440 | 244,408 | 323,974 | 327,672 | 341,033 | 169,145 | 155,090 | 69,489 | 125,501 | 113,488 | 178,104 | 133,629 | 36,144 | 16,850 | ||
| 21.2% | 18.4% | 16.2% | 20.9% | 23.7% | 30.0% | 14.8% | 23.3% | 16.6% | 32.6% | 28.9% | 30.3% | 37.2% | 20.3% | 21.2% | ||
| 1.11 | 1.23 | 1.16 | 1.29 | 1.30 | 1.44 | 1.19 | 1.32 | 1.16 | 1.43 | 1.40 | 1.43 | 1.55 | 1.27 | 1.15 | ||
| 0.84 | 0.88 | 0.90 | 0.99 | 0.90 | 1.01 | 0.80 | 0.92 | 0.78 | 1.08 | 1.29 | 1.29 | 1.29 | 1.13 | 1.02 | ||
| 3.66 | 4.37 | 5.11 | 3.71 | 3.15 | 2.26 | 5.60 | 3.29 | 5.04 | 2.07 | 2.46 | 2.31 | 1.69 | 3.79 | 3.71 | ||
| 15.8% | 6.1% | 2.5% | 96.3% | 55.9% | 81.5% | 59.3% | 47.7% | 65.7% | 15.8% | -0.3% | 27.0% | 61.8% | 6.8% | 41.7% | ||
| 3.4% | 1.1% | 0.4% | 20.1% | 13.3% | 24.5% | 8.8% | 11.1% | 10.9% | 5.1% | -0.1% | 8.2% | 23.0% | 1.4% | 8.9% | ||
| 6.91 | 4.47 | 5.87 | 85.96 | over 100 | - | - | - | - | - | - | - | - | - | - |
EBIT margin: not included in this filing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 31-12-2025 | 31-12-2024 | 31-12-2023 | 31-12-2022 | 31-12-2021 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 29 | 43 | 35 | 18 | 11 |
| full-time | 24 | 39 | 30 | 15 | 10 |
| part-time | 5 | 4 | 5 | 3 | 1 |
| in full-time equivalents | 28.2 | 42.4 | 34.1 | 17.5 | 10.8 |
| 33.6 | 39.1 | 30.4 | 14.2 | 9.5 | |
| On a permanent contract | 28 | 42 | 35 | 16 | 10 |
| Joined | 4 | 16 | 20 | 15 | 5 |
| Left | 18 | 8 | 3 | 8 | 2 |
| Training hours | 412 | 3,210 | 950 | - | - |
Source: social balance sheet in the 2021 to 2025 annual accounts
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Debts secured on the company's own assets | €158,581 | €251,375 | €376,913 | - | - |
| €630,000 | €630,000 | €630,000 | - | - |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €109,149 | €161,644 | €364,223 | €232,019 | €57,295 |
| Intangible fixed assets | - | €17,820 | €23,500 | €4,500 | €5,680 |
| Financial fixed assets | €105 | - | €3,197 | - | - |
| €239,819 | €203,053 | €158,836 | €44,022 | €23,835 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 24% higher than in 2024 and the highest since 2022. It is the second rise in a row, after the fall in 2023.
Debt's share of the balance-sheet total falls from 80.5% to 77.7%. Equity is higher and debt is lower.
Source: lists of holdings in the owners' accounts
Source: list of holdings in the 2025 accounts of CO2HOLD. Every holding stands with its own latest accounts.
| MD DEPANNAGE
establishment since 01-09-2013 · founded in 2011 |
13 FTE (2025) 0840.273.683 |
| CO2HOLD
registered office since 17-11-2021 · founded in 2021 |
total assets €1.7m (2025) 0777.416.990 |
| LA HAMOISE
registered office since 14-01-1998 · founded in 1998 |
turnover €75,000 (2025) 0462.412.559 |
| VITE - HAMOISE
registered office since 27-02-2001 · founded in 1932 |
total assets €563,269 (2025) 0401.380.357 |
| AUTO NAMUR
establishment since 06-11-2018 · founded in 2018 |
turnover €518,511 (2022) 0712.856.958 |
| WODBOX
establishment since 01-01-2014 · founded in 2013 |
total assets €93,264 (2022) 0542.758.649 |
| ISORUCHE
registered office since 30-11-2023 · founded in 2023 · negative equity (2025) |
total assets €14,847 (2025) 1002.846.673 |
| ISOCO
establishment since 14-12-2021 · founded in 2021 · negative equity (2025) |
total assets €5,182 (2025) 0778.585.841 |
| SAMI
registered office since 15-02-1988 |
founded in 1988 0433.186.360 |
| TBO IMMO via NKCS (at ISOLUTION until 2025) and MBGS (at ISOLUTION until 2023) · Director · deed of 23-09-2021 founded in 2012 · negative equity (2025) · group Neybor Group |
total assets €9.9m (2025) |
| DRVO via NKCS, at ISOLUTION until 2025 · Director · deed of 02-02-2024 founded in 2024 · negative equity (2025) |
total assets €1.8m (2025) |
| ISOCO via NKCS (at ISOLUTION until 2025), EnerGTech (no longer at ISOCO) and AVISION (no longer at ISOCO) · Director · deed of 08-08-2024 founded in 2021 · negative equity (2025) |
total assets €5,182 (2025) |
| GHISCOM via NKCS, at ISOLUTION until 2025 · Sole director · deed of 24-09-2024 founded in 2008 |
total assets €4.0m (2025) |
| Ets. Hillewaere via NKCS, at ISOLUTION until 2025 · Sole director · deed of 28-10-2024 founded in 1952 |
total assets €732,877 (2025) |
| Otok via NKCS, at ISOLUTION until 2025 · Director (not named in the articles) · deed of 05-03-2025 founded in 2025 |
total assets €697,292 (2025) |
| KRUMPIR via NKCS, at ISOLUTION until 2025 · Sole director · deed of 01-07-2025 founded in 2015 |
total assets €524,839 (2025) |
| DODEL WINDOWS via NKCS, at ISOLUTION until 2025 · Director · deed of 22-05-2025 founded in 2022 |
total assets €282,028 (2025) |
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Avenue Albert 1er 3 registered office 5000 Namur | 01-10-2010 | 2.192.835.844 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 92094B0267/00B006 | 4,221 m² | 1 · 3,502 m² | 10.3 m · 2 |
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0827.451.669
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