Equity
€443,299 from €921,471 in 2008
Equity fell by 52% in 17 years.
ISOPRO
Lifetime
20 annual accounts with figures on one time axis, 35 filings since 1991peak €1.5m (2024)
€849,466▼ 42.3%
lowest -€207,087 (2015)
€58,703▼ 89.9%
peak €921,471 (2008)
€443,299▲ 15.3%
€881,720▼ 14.7%
peak 32.1 FTE (2008)
12.7 FTE▼ 5.2%
Board7 names since 2019
2 directorsVANVEC and 1 other
Owners
100%GILO INVEST
Documentsfilings and deeds
10-06-202651 days before the deadline
2025financial year
Gross margin from €1.5m to €849,466Result from €580,155 to €58,703Equity from €384,595 to €443,299Cash from €110,024 to €50,112
Key points
from the 2025 annual accountsChecked score
82
Excellent
Financially stronger than 45% of small companies in specialised construction (NACE 43)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.5% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.3% across 2,647 companies (NACE 43, small).
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.9%
01-2025: 0.8%▼ -0.1 percentage points vs 12-2024
02-2025: 0.8%● unchanged vs 01-2025
03-2025: 0.8%● unchanged vs 02-2025
04-2025: 0.9%▲ +0.1 percentage points vs 03-2025
05-2025: 1.0%▲ +0.1 percentage points vs 04-2025
06-2025: 1.0%● unchanged vs 05-2025
07-2025: 1.0%● unchanged vs 06-2025highest value
08-2025: 0.7%▼ -0.3 percentage points vs 07-2025
09-2025: 0.7%● unchanged vs 08-2025
10-2025: 0.7%● unchanged vs 09-2025
11-2025: 0.7%● unchanged vs 10-2025
12-2025: 0.7%● unchanged vs 11-2025
01-2026: 0.7%● unchanged vs 12-2025
02-2026: 0.7%● unchanged vs 01-2026
03-2026: 0.7%● unchanged vs 02-2026
04-2026: 0.7%● unchanged vs 03-2026
05-2026: 0.9%▲ +0.2 percentage points vs 04-2026
06-2026: 0.8%▼ -0.1 percentage points vs 05-2026
07-2026: 0.7%▼ -0.1 percentage points vs 06-2026
08-2026: 0.7%● unchanged vs 07-2026
09-2026: 0.7%● unchanged vs 08-2026
10-2026: 0.5%▼ -0.2 percentage points vs 09-2026lowest value
11-2026: 0.5%● unchanged vs 10-2026lowest value
Financial strengthAverage
Score breakdown
raises risk
Sector: Specialised construction activities (NACE 43)
Liquidity: current ratio 1.60, cash €50,112, halved
lowers risk
Founded in 1990
Legal form: public limited company
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, small). It does better than 40% of them on solvency, 17% on liquidity, 54% on profitability and 70% 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, 14,766 companies had the same profile as ISOPRO has now. Each dot stands for 37 companies, two years later.
96.2%
were still trading
3.5%
stopped another way
0.2%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of ISOPRO itself: 0.5% 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 14,766 companies, not a prediction for ISOPRO. 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 €35,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.6 (1.4 in 2024), above the usual 1.5. Short-term debt is 57.3% and cash 3.6% of total assets. However, 68.3% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
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.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-06-2026, 51 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
51 days early
2024
2 days early
2023
on the day
2022
31 days late
2021
on the day
2020
18 days early
2019
on the day
← 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 6 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.
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 July (4 of the last 5 accounts filed within 31 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 0208:0442091257
Registered office moved from Flémalle to Ans
New registered office: Rue du Zoning, 77- 4430 ANS · Previous registered office: Rue des Semailles, 3- 4400 Flémalle · General meeting of 23-08-2024 · Gazette deed
1 director appointed, 1 resignation, 1 reappointment
Resignation: CA.L.O.R.S. · Appointment: Barbara VAN MUYLDER · Reappointment: VANVEC · General meeting of 23-09-2022 · Gazette deed
2 directors appointed, 4 resignations
Resignations: Antonio Mannarino, Giovanni Cavaretta, Emilio Fontana and Ottavio Gentile · Appointments: SPRL CA.LO.R.S. and SPRL VANVEC · Permanent representatives: Stéphane Lories and Jérôme Vecchio · General meeting of 30-08-2019 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| ISOPRO Ans | €1.4m | €0.8m | 31.7% | 12.7 |
| LAMBDA INSULATION Grâce-Hollogne | €1.7m | €1.1m | 22.9% | 15 |
| EURO ISOLATION ISOTHERMIC Fleurus | €1.2m | €0.8m | 30.6% | 16.5 |
| C.G. GOKAS Braine-l'Alleud | €1.0m | €0.9m | 4.7% | 12.5 |
| CHASSIS ERNST Blegny | €1.0m | €0.9m | 60.6% | 16.1 |
| Etablissements GIANNONI et Fils Sambreville | €1.1m | €0.9m | 16.4% | 18.2 |
| V.D.I. Lokeren | €2.4m | €0.9m | 60.1% | 10.3 |
These companies have the same main activity as ISOPRO: insulation installation (NACE 43230). They are comparable in size and age: total assets between €977,000 and €2.4m, founded between 1983 and 1997.
Official details
Source: KBO- Status
- Active since 21-12-1990Normal situation
- Activity
- Insulation installationNACE 43230and 3 others
- Establishment unit
- 2.051.293.6424400 Flémalle, since 28-01-1991
- Financial year end
- 31 December
- Peppol
- Reachable since 21-10-2026
Annual accounts 2025
- ≈ €2.2mestimated
- €1.4m▼ 1.3%
- Employeeson 31-12-2025
- 12▼ 7.7%
- Filing
- Filed on 10-06-2026, 51 days before the end of the filing period
Insights on ISOPRO
ISOPRO has existed since 1990. The gross margin fell from €1.4m in 2006 to €849,466 in 2025 and staff from 25.5 to 12.7 full-time equivalents.
GILO INVEST 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 ISOPRO
- What is the company number of ISOPRO?
- The company number of ISOPRO is 0442.091.257. The VAT number is the same number with BE in front: BE 0442.091.257.
- Where is ISOPRO based?
- The registered office is at Rue du Zoning 77, 4430 Ans.Company details
- What does ISOPRO do?
- According to the KBO register, the main activity is insulation installation (NACE 43230).
- What is the legal form of ISOPRO?
- ISOPRO is a public limited company (NV).
- When was ISOPRO founded?
- ISOPRO was founded on 21-12-1990.
- Is ISOPRO still active?
- Yes, ISOPRO is an active enterprise in the KBO register.
- How many employees does ISOPRO have?
- ISOPRO had an average of 12.7 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of ISOPRO?
- The turnover in financial year 2025 is ≈ €2.2m. This figure is estimated from the gross margin of €849,466 and 46 comparable companies (NACE 432). It probably lies between €1.8m and €2.8m.
- Is ISOPRO profitable?
- In financial year 2025, ISOPRO made a profit of €58,703.
- Where can I find the annual accounts of ISOPRO?
- ISOPRO filed 35 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of ISOPRO due?
- ISOPRO must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence See whether the workforce is growing and whether people stay.Employer check Check whether you can trust this company with building work.Contractor check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check
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