Parent and group
- VANHOUT100%
- BESIX Group100%
Isopearls
ActiveSummary
Isopearls has been active since 2013 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.6m and a net result of €751,283. Equity has been growing by about 34% per year since 2018. Its solvency ranks better than 88% of 9,883 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
Official details
Source: KBO- Status
- Active since 02-04-2013 Normal situation
- Activity
- Insulation installation NACE 43230and 5 others
- Joint committees
- 207 Paritair Comité voor de bedienden uit de scheikundige nijverheid
- 116 Paritair Comité voor de scheikundige nijverheid · annual accounts 2025
- Establishment unit
- 2.218.790.173 3530 Houthalen-Helchteren, since 02-04-2013
- Financial year end
- 31 December
- Peppol
- Reachable since 13-01-2026
Board and ownership
Board
- Guiseppe CICIRELLIDirector
- Jureco bvDirector · permanent representative R. Eijckmans
- Manibel bvDirector · permanent representative B. Lenaerts
- Auditor
- DELOITTE Bedrijfsrevisoren BV
Shareholders
- Isopearls 2.060%· score 952025 annual accounts of Isopearls 2.0
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.1%
Annual accounts 2025
- Gross margin
- €1.5m
- ▼ 33.5%
- Turnover
- ≈ €4.2m
- estimated
- Profit
- €751,283
- ▼ 41.9%
- Equity
- €3.6m
- ▲ 26.7%
- Total assets
- €4.4m
- ▼ 4.0%
- Employees on 31-12-2025
- 9
- ▼ 25.0%
- 2025 accounts filed 3 days after the deadline
Filed on 03-08-2026
Score breakdownraises riskLast filed accounts filed 3 days late; 2 of the last 3 accounts latelowers riskLiquidity: current ratio 4.75, cash €1.8mSize: 7.8 FTE, total assets €4.4mEquity €3.6m (80.9% of total assets)Show the evidence
Checked score
Score 2025
98
/ 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 83% of micro companies in specialised construction (NACE 43)
Financial strength · tick: 2024
Strong
Solvency
100+14
equity 80.9% of total assets
Liquidity
95+12
short-term debt 17.9% · cash 39.8%
Profitability
90-10
return on assets 17.0%
Bankruptcy probability within 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%
01-2025: 0.2%● unchanged vs 12-2024
02-2025: 0.2%● unchanged vs 01-2025
03-2025: 0.2%● unchanged vs 02-2025
04-2025: 0.2%● unchanged vs 03-2025
05-2025: 0.2%● unchanged vs 04-2025
06-2025: 0.3%▲ +0.1 percentage points vs 05-2025
07-2025: 0.3%● unchanged vs 06-2025
08-2025: 0.5%▲ +0.2 percentage points vs 07-2025
09-2025: 0.5%● unchanged vs 08-2025highest value
10-2025: 0.1%▼ -0.4 percentage points vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.2%▲ +0.1 percentage points vs 07-2026
09-2026: 0.1%▼ -0.1 percentage points vs 08-2026lowest value
10-2026: 0.1%● unchanged vs 09-2026lowest value
11-2026: 0.1%● unchanged vs 10-2026lowest value
Credit of up to €340,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 4.75 (2.29 in 2024), above the usual 1.5. Short-term debt is 17.9% and cash 39.8% of total assets. 19.1% of the assets are financed with debt and provisions.
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 43, micro). It does better than 90% of them on solvency, 92% on liquidity, 76% on profitability and 73% on growth.
The bankruptcy probability was computed on 01-11-2026 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.
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).
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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 3 days late
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. 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
3 days late
2024
39 days late
2023
72 days late
2022
30 days late
2021
50 days late
2020
200 days late
2019
22 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 53 days after 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.
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 8 September (4 of the last 5 accounts filed within 34 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
02-11-2026 today31-12-2026 year end31-07-2027 deadline
Key points
- Positive: Higher net result than 95% of companies in specialised constructionsector median €26,861 · 9,875 companies €751,283 View
- Caution: Result fell in 2025from €1.3m to €751,283 ▼ 41.9% View
- Positive: 8 profitable years in a rowprofit 2025: €751,283 8 years View
- Branch taken over from Isofoamtakeover on 05-01-2024 2024 View
Recent changes
- · Gazette deed Reappointments: G. Cicirelli, Jureco bv and Manibel bvPermanent representatives: R. Eijckmans and B. Lenaerts
- · Gazette deed Resignation: Forvis Mazars Bedrijfsrevisoren (statutory auditor)Appointment: Deloitte Bedrijfsrevisoren bv (statutory auditor) · Permanent representative: Ronny Eijckmans
- · Gazette deed Company renamed to IsopearlsResignations: DE MIDDELVELDEN (director) and Guiseppe CICIRELLI (director) · Appointments: JURECO, Manibel and 2 others · Permanent representatives: Ronny EIJCKMANS and Bert LENAERTS
Companies linked to Isopearls
Comparable companies
These companies have the same main activity as Isopearls: insulation installation (NACE 43230). They are comparable in size and age: total assets between €3.1m and €5.9m, founded between 2008 and 2017.
| Company | Total assets | Gross margin |
|---|---|---|
| Isopearls Houthalen-Helchteren | €4.4m | €1.5m |
| PRO-FIX BUILDING MATERIALS Grâce-Hollogne | €5.5m | €1.2m |
| GOOSSE ISOLATION Bastogne | €3.7m | €1.0m |
| ISEO PROJECTION Fernelmont | €3.6m | €1.4m |
| PUR-ISOLATIONS Tielt-Winge | €3.1m | €0.9m |
| EXPITISOL Antwerpen | €5.9m | €2.4m |
| ISOFLOOR Ternat | €3.3m | €1.2m |
Key facts about Isopearls
- What is the company number of Isopearls?
- The company number of Isopearls is 0526.819.470. The VAT number is the same number with BE in front: BE 0526.819.470.
- Where is Isopearls based?
- The registered office is at Centrum-Zuid 1511, 3530 Houthalen-Helchteren.Company details
- What does Isopearls do?
- According to the KBO register, the main activity is insulation installation (NACE 43230).
- What is the legal form of Isopearls?
- The legal form of Isopearls is Private limited company (BV).
- When was Isopearls founded?
- Isopearls was founded on 02-04-2013.
- Is Isopearls still active?
- Yes, Isopearls is an active enterprise in the KBO register.
- How many employees does Isopearls have?
- Isopearls had an average of 7.8 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does Isopearls fall under?
- In its 2025 annual accounts, Isopearls states joint committees 207 (Paritair Comité voor de bedienden uit de scheikundige nijverheid) and 116 (Paritair Comité voor de scheikundige nijverheid).
- What is the turnover of Isopearls?
- The turnover in financial year 2025 is ≈ €4.2m. This figure is estimated from the gross margin of €1.5m and 31 comparable companies (NACE 432). It probably lies between €3.2m and €5.2m. In financial year 2018 turnover was €1.3m.
- Is Isopearls profitable?
- In financial year 2025, Isopearls made a profit of €751,283.
- Where can I find the annual accounts of Isopearls?
- Isopearls filed 12 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Isopearls due?
- Isopearls must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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