ISOPOWER
ActiveSummary
ISOPOWER has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €91k and a net result of €10k. Equity is growing by ~17.4% per year across the filed fiscal years. Its solvency ranks better than 34% of 27965 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability73▼-5
Solvency58▲+3
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity ample (current ratio 1.61 against 1.16 in 2024; short-term debt: 34.2% and cash: 19% of total assets), but 67.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← 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
32.5%
Return on assets
3.6%
Age of the figures
9 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
neutral · A punctual record breaks
This company filed 6 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 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 · 7 filingsDeviation from the deadline
2025
28 d late
2024
7 d early
2023
34 d early
2022
31 d early
2021
32 d early
2020
1 d early
2019
31 d early
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€91k▼ 21.5%
2024 · €116k
2019: €35klowest in 7 years
2020: €39k▲ +14.2% vs 2019
2021: €63k▲ +59.0% vs 2020
2022: €98k▲ +55.9% vs 2021
2023: €114k▲ +16.2% vs 2022
2024: €116k▲ +2.5% vs 2023highest in 7 years
2025: €91k▼ -21.5% vs 2024
2019 → 2025
Total assets
€281k▼ 26.9%
2024 · €384k
2019: €208klowest in 7 years
2020: €253k▲ +21.7% vs 2019
2021: €379k▲ +49.8% vs 2020
2022: €391k▲ +3.1% vs 2021highest in 7 years
2023: €372k▼ -4.9% vs 2022
2024: €384k▲ +3.1% vs 2023
2025: €281k▼ -26.9% vs 2024
2019 → 2025
Net result
€10k▼ 64.5%
2024 · €29k
2019: €22k
2020: €5k▼ -77.8% vs 2019lowest in 7 years
2021: €23k▲ +375% vs 2020
2022: €35k▲ +50.7% vs 2021
2023: €42k▲ +20.2% vs 2022highest in 7 years
2024: €29k▼ -31.6% vs 2023
2025: €10k▼ -64.5% vs 2024
2019 → 2025
Working capital
€59k▲ 91.4%
2024 · €31k
2019: €46k
2020: €38k▼ -16.2% vs 2019
2021: €53k▲ +39.0% vs 2020
2022: €54k▲ +1.4% vs 2021
2023: €37k▼ -31.7% vs 2022
2024: €31k▼ -16.9% vs 2023lowest in 7 years
2025: €59k▲ +91.4% vs 2024highest in 7 years
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€63k-€98k▲ 55.9%€114k▲ 16.2%€116k▲ 2.5%€91k▼ 21.5%
2021: €63klowest in 5 years
2022: €98k▲ +55.9% vs 2021
2023: €114k▲ +16.2% vs 2022
2024: €116k▲ +2.5% vs 2023highest in 5 years
2025: €91k▼ -21.5% vs 2024
Operating result€42k-€55k▲ 30.0%€69k▲ 25.1%€53k▼ 23.0%€28k▼ 47.4%
2021: €42k
2022: €55k▲ +30.0% vs 2021
2023: €69k▲ +25.1% vs 2022highest in 5 years
2024: €53k▼ -23.0% vs 2023
2025: €28k▼ -47.4% vs 2024lowest in 5 years
Net result€23k-€35k▲ 50.7%€42k▲ 20.2%€29k▼ 31.6%€10k▼ 64.5%
2021: €23k
2022: €35k▲ +50.7% vs 2021
2023: €42k▲ +20.2% vs 2022highest in 5 years
2024: €29k▼ -31.6% vs 2023
2025: €10k▼ -64.5% vs 2024lowest in 5 years
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 47% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €281k
Fixed assets
€126k ▼ 19.1%
Current assets
€155k ▼ 32.2%
Equity and liabilities €281k
Equity
€91k ▼ 21.5%
Debt
€189k ▼ 29.2%
Debt's share of the balance-sheet total falls from 69.7% to 67.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
€60k▼
2024 · €90k
Cash flow
€43k▼
2024 · €66k
Current ratio
1.61▲
2024 · 1.16
Quick ratio
1.31▲
2024 · 0.98
Debt to equity
2.07▼
2024 · 2.30
ROE
11.2%▼
2024 · 24.8%
ROA
3.6%▼
2024 · 7.5%
Interest coverage
6.04▼
2024 · 10.26
Debt ≤ 1 year
€96k▼
2024 · €197k
Debt > 1 year
€55k▼
2024 · €70k
Income taxes
€9k▼
2024 · €16k
Staff costs
€10k▲
2024 · €481
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 57 lines
Balance sheet
Code20242025
Assets
Total assets20/58€384k€281k▼
Fixed assets21/28€156k€126k▼
Tangible fixed assets22/27€153k€123k▼
Plant, machinery and equipment23€11k€6k▼
Furniture and vehicles24€32k€16k▼
Leasing and similar rights25€25k€22k▼
Other tangible fixed assets26€86k€80k▼
Financial fixed assets28€3k€3k=
Current assets29/58€228k€155k▼
Amounts receivable after more than one year29€25k€40k▲
Other amounts receivable291€25k€40k▲
Stocks and contracts in progress3€35k€29k▼
Stocks30/36€35k€29k▼
Amounts receivable within one year40/41€107k€16k▼
Trade receivables40€102k€15k▼
Other amounts receivable41€4k€910▼
Cash at bank and in hand54/58€51k€53k▲
Deferred charges and accrued income490/1€10k€16k▲
Equity and liabilities
Total equity and liabilities10/49€384k€281k▼
Equity10/15€116k€91k▼
Contributions10/11€19k€19k=
Profit (loss) carried forward14€98k€73k▼
Amounts payable17/49€267k€189k▼
Amounts payable after more than one year17€70k€55k▼
Financial debts170/4€70k€55k▼
Amounts payable within one year42/48€197k€96k▼
Current portion of amounts payable after more than one year42€29k€15k▼
Financial debts43€55k€3k▼
Credit institutions430/8€55k€3k▼
Trade debts44€105k€63k▼
Suppliers440/4€105k€63k▼
Advances received on contracts in progress46€0-
Taxes, remuneration and social security45€8k€10k▲
Taxes450/3€8k€8k▲
Remuneration and social security454/9-€2k
Other amounts payable47/48€154€5k▲
Accrued charges and deferred income492/3€0€38k▲
Income statement
Code20242025
Non-recurring operating income76A€10k€0▼
Remuneration, social security and pensions62€481€10k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€37k€32k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€0€-510▼
Other operating charges640/8€1k€2k▲
Non-recurring operating charges66A€1k€7k▲
Gross operating margin9900€94k€79k▼
Operating profit (loss)9901€53k€28k▼
Financial income75/76B€1k€1k▼
Recurring financial income75€1k€1k▼
Financial charges65/66B€9k€10k▲
Recurring financial charges65€9k€10k▲
Profit (loss) for the period before taxes9903€45k€19k▼
Income taxes67/77€16k€9k▼
Profit (loss) for the period9904€29k€10k▼
Profit (loss) for the period to be appropriated9905€29k€10k▼
Appropriation of the result
Profit (loss) to be appropriated9906€124k€108k▼
Profit (loss) brought forward from the previous period14P€95k€98k▲
Profit to be distributed694/7€26k€35k▲
Return on contributions (dividend)694€26k€35k▲
The notes to these accounts (15 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €167 | €6k | €0 | €10k | €0 | ▼ 100% |
| Remuneration, social security and pensions62 | €18k | €1k | €984 | €481 | €10k | ▲ 1,936% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €24k | €35k | €39k | €37k | €32k | ▼ 13.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €5k | €5k | €5k | €0 | €-510 | - |
| Other operating charges640/8 | €4k | €705 | €4k | €1k | €2k | ▲ 13.8% |
| Non-recurring operating charges66A | - | €641 | €0 | €1k | €7k | ▲ 422% |
| Gross operating margin9900 | €94k | €97k | €118k | €94k | €79k | ▼ 15.9% |
| Operating profit (loss)9901 | €42k | €55k | €69k | €53k | €28k | ▼ 47.4% |
| Financial income75/76B | €2k | €2k | €1k | €1k | €1k | ▼ 12.0% |
| Recurring financial income75 | €2k | €2k | €1k | €1k | €1k | ▼ 12.0% |
| Non-recurring financial income76B | - | €500 | €0 | - | - | - |
| Financial charges65/66B | €15k | €12k | €11k | €9k | €10k | ▲ 13.5% |
| Recurring financial charges65 | €15k | €12k | €11k | €9k | €10k | ▲ 13.5% |
| Profit (loss) for the period before taxes9903 | €29k | €46k | €59k | €45k | €19k | ▼ 58.4% |
| Income taxes67/77 | €6k | €11k | €17k | €16k | €9k | ▼ 47.6% |
| Profit (loss) for the period9904 | €23k | €35k | €42k | €29k | €10k | ▼ 64.5% |
| Profit (loss) for the period to be appropriated9905 | €23k | €35k | €42k | €29k | €10k | ▼ 64.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €379k | €391k | €372k | €384k | €281k | ▼ 26.9% |
| Formation expenses20 | €2k | €941 | €0 | - | - | - |
| Fixed assets21/28 | €175k | €189k | €178k | €156k | €126k | ▼ 19.1% |
| Tangible fixed assets22/27 | €173k | €186k | €175k | €153k | €123k | ▼ 19.4% |
| Plant, machinery and equipment23 | €33k | €21k | €15k | €11k | €6k | ▼ 47.1% |
| Furniture and vehicles24 | €16k | €17k | €31k | €32k | €16k | ▼ 50.8% |
| Leasing and similar rights25 | €55k | €43k | €31k | €25k | €22k | ▼ 11.9% |
| Other tangible fixed assets26 | €69k | €105k | €98k | €86k | €80k | ▼ 6.6% |
| Financial fixed assets28 | €3k | €3k | €3k | €3k | €3k | = |
| Current assets29/58 | €202k | €201k | €194k | €228k | €155k | ▼ 32.2% |
| Amounts receivable after more than one year29 | - | €28k | €22k | €25k | €40k | ▲ 63.3% |
| Other amounts receivable291 | - | €28k | €22k | €25k | €40k | ▲ 63.3% |
| Stocks and contracts in progress3 | €19k | €31k | €0 | €35k | €29k | ▼ 17.5% |
| Stocks30/36 | €19k | €31k | €0 | €35k | €29k | ▼ 17.5% |
| Amounts receivable within one year40/41 | €126k | €91k | €51k | €107k | €16k | ▼ 85.3% |
| Trade receivables40 | €124k | €91k | €35k | €102k | €15k | ▼ 85.5% |
| Other amounts receivable41 | €2k | €313 | €17k | €4k | €910 | ▼ 79.3% |
| Cash at bank and in hand54/58 | €52k | €50k | €116k | €51k | €53k | ▲ 4.8% |
| Deferred charges and accrued income490/1 | €5k | €1k | €5k | €10k | €16k | ▲ 58.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €379k | €391k | €372k | €384k | €281k | ▼ 26.9% |
| Equity10/15 | €63k | €98k | €114k | €116k | €91k | ▼ 21.5% |
| Contributions10/11 | €13k | €13k | €19k | €19k | €19k | = |
| Profit (loss) carried forward14 | €50k | €85k | €95k | €98k | €73k | ▼ 25.6% |
| Amounts payable17/49 | €317k | €293k | €258k | €267k | €189k | ▼ 29.2% |
| Amounts payable after more than one year17 | €168k | €132k | €99k | €70k | €55k | ▼ 21.0% |
| Financial debts170/4 | €168k | €132k | €99k | €70k | €55k | ▼ 21.0% |
| Amounts payable within one year42/48 | €149k | €147k | €157k | €197k | €96k | ▼ 51.4% |
| Current portion of amounts payable after more than one year42 | €34k | €36k | €34k | €29k | €15k | ▼ 50.2% |
| Financial debts43 | - | - | €48 | €55k | €3k | ▼ 94.4% |
| Credit institutions430/8 | - | - | €48 | €55k | €3k | ▼ 94.4% |
| Trade debts44 | €104k | €89k | €113k | €105k | €63k | ▼ 40.1% |
| Suppliers440/4 | €104k | €89k | €113k | €105k | €63k | ▼ 40.1% |
| Advances received on contracts in progress46 | - | - | €6k | €0 | - | - |
| Taxes, remuneration and social security45 | €7k | €19k | €3k | €8k | €10k | ▲ 31.4% |
| Taxes450/3 | €7k | €19k | €3k | €8k | €8k | ▲ 8.0% |
| Remuneration and social security454/9 | - | €119 | €0 | - | €2k | - |
| Other amounts payable47/48 | €4k | €4k | €717 | €154 | €5k | ▲ 3,455% |
| Accrued charges and deferred income492/3 | - | €14k | €2k | €0 | €38k | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €23k | €35k | €42k | €29k | €10k | ▼ 64.5% |
| + Depreciation and write-downs630 | €24k | €35k | €39k | €37k | €32k | ▼ 13.0% |
| Operating cash flow (approximation) | €47k | €70k | €81k | €66k | €43k | ▼ 35.5% |
| Investment in fixed assets (approximation) | - | €-48k | €-28k | €-15k | €-3k | ▲ 81.7% |
| Change in cash | - | €-1k | €65k | €-65k | €2k | ▲ 104% |
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
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
24-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2019net €42k ▲20.2%
Operating result €69k, net result €42k, both a record.
31-12
Financial
Equity above €100kEq €114k ▲16.2%
5 profitable years in a row build equity to €114k.
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €5k ▼77.8%
Net result drops to €5k, the lowest in the series; recovery starts the following year.
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
5 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Lummen · 1 establishment unit since 2018
Ground area
1,107 m²
Building footprint
156 m²
Volume, LiDAR
768 m³
Parcel 71037C2347/00W000, Flanders · tallest building 7.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Houtique
since 20182.277.998.181
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71037C2347/00W000indicative | Flanders | 1,107 m² | 1 · 156 m² | 7.0 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
0 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
2023 · 1 entry · 410 EUR awarded · 410 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 410 EUR | 410 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Dual-learning approval
4 live approvalsMedewerker ruwbouw (vwo)
Medewerker ruwbouw duaal (so)
Metselaar (vwo)
Ruwbouw duaal (so)
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Of 4,270 companies in sector 43230 we hold annual accounts for 1,238. 1,044 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded28-05-2018
Fiscal year end31-12
Activities, NACEBEL 2025
43230Insulation installation
42990Civil engineering
43990Other specialised construction activities
Scores and ratios are computed by Checked and are not a credit decision.