Isopearls
ActiveIsopearls has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.57M and a net result of €751k. Equity is growing by ~33.7% per year across the filed fiscal years. Its solvency ranks better than 88% of 7689 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
93
/ 100
Excellent= vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency100▲+1
Growth78=
Stability100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €330k at 30 days acceptable
Liquidity ample (current ratio 4.75 against 2.29 in 2024), and 19.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
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
80.9%
Return on assets
17%
Age of the figures
9 mo
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 · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 03-08-2026, 3 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
3 d late
2024
39 d late
2023
72 d late
2022
30 d late
2021
50 d late
2020
200 d late
2019
22 d early
← before the deadline
after the deadline →
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
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€1.26M
EBIT margin
2.6%
Net result
€751k▼ 41.9%
2024 · €1.29M
2018: €19k
2019: €105k
2020: €167k
2021: €287k
2022: €560k
2023: €1.56M
2024: €1.29M
2018 → 2025
Working capital
€2.96M▲ 34.9%
2024 · €2.20M
2018: €474k
2019: €622k
2020: €773k
2021: €723k
2022: €772k
2023: €1.59M
2024: €2.20M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.06M-€1.07M▲ 0.9%€2.08M▲ 94.0%€2.82M▲ 35.7%€3.57M▲ 26.7%
Operating result€377k-€771k▲ 105%€2.11M▲ 173%€1.73M▼ 17.9%€1.03M▼ 40.8%
Net result€287k-€560k▲ 95.4%€1.56M▲ 178%€1.29M▼ 17.0%€751k▼ 41.9%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 41% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.41M
Fixed assets
€658k▼ 4.6%
Current assets
€3.75M▼ 3.9%
Equity and liabilities €4.41M
Equity
€3.57M▲ 26.7%
Debt
€840k▼ 52.7%
The debt ratio falls from 38.6% to 19.1%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€1.17M▼
2024 · €1.85M
Cash flow
€894k▼
2024 · €1.41M
Solvency
80.9%▲
2024 · 61.4%
Current ratio
4.75▲
2024 · 2.29
Quick ratio
4.37▲
2024 · 1.96
Debt / equity
0.24▼
2024 · 0.63
ROE
21.0%▼
2024 · 45.8%
ROA
17.0%▼
2024 · 28.1%
Interest coverage
245.81▲
2024 · 167.84
Debt
€840k▼
2024 · €1.78M
Debt ≤ 1 year
€790k▼
2024 · €1.71M
Debt > 1 year
€51k▼
2024 · €67k
Income taxes
€272k▼
2024 · €435k
Staff costs
€296k▼
2024 · €350k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€4.59M€4.41M▼
Fixed assets21/28€690k€658k▼
Intangible fixed assets21€13k€10k▼
Tangible fixed assets22/27€670k€641k▼
Plant, machinery and equipment23€479k€446k▼
Furniture and vehicles24€114k€138k▲
Leasing and similar rights25€58k€34k▼
Other tangible fixed assets26€19k€22k▲
Financial fixed assets28€8k€8k=
Current assets29/58€3.90M€3.75M▼
Stocks and contracts in progress3€551k€302k▼
Stocks30/36€551k€302k▼
Amounts receivable within one year40/41€1.22M€1.68M▲
Trade receivables40€1.22M€1.58M▲
Other amounts receivable41-€105k
Cash at bank and in hand54/58€2.12M€1.76M▼
Deferred charges and accrued income490/1€8k€10k▲
Equity and liabilities
Total equity and liabilities10/49€4.59M€4.41M▼
Equity10/15€2.82M€3.57M▲
Contributions10/11€310k€310k=
Reserves13€31k€31k=
Non-distributable reserves130/1€31k€31k=
Reserves not available under the articles1311€31k€31k=
Profit (loss) carried forward14€2.48M€3.23M▲
Amounts payable17/49€1.78M€840k▼
Amounts payable after more than one year17€67k€51k▼
Financial debts170/4€67k€51k▼
Amounts payable within one year42/48€1.71M€790k▼
Current portion of amounts payable after more than one year42€43k€17k▼
Trade debts44€842k€533k▼
Suppliers440/4€842k€533k▼
Taxes, remuneration and social security45€142k€60k▼
Taxes450/3€118k€22k▼
Remuneration and social security454/9€24k€38k▲
Other amounts payable47/48€681k€181k▼
Income statement
Code20242025
Non-recurring operating income76A-€101k
Remuneration, social security and pensions62€350k€296k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€114k€143k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€22k
Other operating charges640/8€42k€34k▼
Non-recurring operating charges66A€48k-
Gross operating margin9900€2.29M€1.52M▼
Operating profit (loss)9901€1.73M€1.03M▼
Financial income75/76B€7k€3k▼
Recurring financial income75€7k€3k▼
Financial charges65/66B€11k€5k▼
Recurring financial charges65€11k€5k▼
Profit (loss) for the period before taxes9903€1.73M€1.02M▼
Income taxes67/77€435k€272k▼
Profit (loss) for the period9904€1.29M€751k▼
Profit (loss) for the period to be appropriated9905€1.29M€751k▼
Appropriation of the result
Profit (loss) to be appropriated9906€3.03M€3.23M▲
Profit (loss) brought forward from the previous period14P€1.74M€2.48M▲
Profit to be distributed694/7€550k-
Return on contributions (dividend)694€550k-
Social balance
Average headcount (FTE)90878.17.8▼
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
12-08
State Gazette act
Resignations & appointmentsGeneral meeting · Director reappointment · Permanent representative9 facts ▸
State Gazette act
Resignations & appointments
General meeting · Director reappointment · Permanent representative9 facts ▸
- General meeting, 04/06/2026
- Director reappointment, G. Cicirelli (bestuurder)
- Director reappointment, Jureco bv (bestuurder)
- Permanent representative, R. Eijckmans
- Director reappointment, Manibel bv (bestuurder)
- Permanent representative, B. Lenaerts
- Mandate compensation, G. Cicirelli
- Mandate compensation, Jureco bv
- Mandate compensation, Manibel bv
03-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 3 days late
2025
31-12
Financial
Liquidity doublescurrent ratio 4.75
Current ratio from 2.29 to 4.75; short-term debt falls from €1.71M to €790k.
08-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 39 days late
2024
11-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 72 days late
2023
31-12
Financial
Highest result since 2018net €1.56M ▲178%
Operating result €2.11M, net result €1.56M, both a record.
31-12
Financial
Equity above €2MEq €2.08M ▲94%
6 profitable years in a row build equity to €2.08M.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 30 days late
2022
19-09
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 50 days late
16-02
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 200 days late
2021
31-12
Financial
Equity above €1MEq €1.06M ▲21.3%
4 profitable years in a row build equity to €1.06M.
2020
09-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Equity above €500kEq €707k ▲90.1%
2 profitable years in a row build equity to €707k.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
28-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
under verification, no change since 2026
This board is reconstructed from a single act (26103583). A Gazette act generally publishes only CHANGES, not a full roll call, so directors unchanged since then may be missing here. The KBO register holds the complete list of function holders.
G. Cicirelli
CurrentDirector · since 04-06-2026
Jureco bv
CurrentDirector · since 04-06-2026 · Legal entity · perm. rep.: R. Eijckmans
Manibel bv
CurrentDirector · since 04-06-2026 · Legal entity · perm. rep.: B. Lenaerts
04-06-2026
G. Cicirelli: Mandate renewed as Director
04-06-2026
Jureco bv: Mandate renewed as Director
04-06-2026
Manibel bv: Mandate renewed as Director
Location & real-estate footprint
Registered office, Houthalen-Helchteren · 1 establishment unit since 2013
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Centrum-Zuid 15113530 Houthalen-HelchterenGround area
7,988 m²
Building footprint
7,168 m²
Volume, LiDAR
64,758 m³
Parcel 72015C0166/00F006, Flanders · tallest building 13.5 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
IsoPearls
since 20132.218.790.173
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72015C0166/00F006 | Flanders | 7,988 m² | 1 · 7,168 m² | 13.5 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 309 EUR awarded · 309 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 309 EUR | 309 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Similar companies · same sector, comparable size
G + H MONTAGE
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SETIP-GCUBE
BE 0401.962.753
Ganshoren · Eq €3.37M
Endeco
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Wavre · Eq €3.93M
ISOLTEAM
BE 0840.835.293
Kortemark · Eq €3.97M
ISOPROC
BE 0474.142.631
Mechelen · Eq €4.14M
Of 4,245 companies in sector 43230 we hold annual accounts for 1,230. 208 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded02-04-2013
Fiscal year end31-12
Activities, NACEBEL
43230Insulation installation
43291Specialised construction activities
47529Retail trade
41001General construction of residential buildings
43211General electrical installation work
43320Joinery installation
43410Roofing work
Sources
Crossroads Bank for EnterprisesNational Bank · 12 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.