Isoskin
ActiveSummary
The computed 12-month bankruptcy probability of Isoskin is 2.6% (moderate). The 2024 annual accounts show negative equity (-€175,206) and a net result of -€55,782. Equity is shrinking by ~53% per year across the filed fiscal years. Its solvency ranks better than 12% of 15869 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability0=
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
2.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity tight (current ratio 1.06 against 0.55 in 2023; short-term debt: 93.1% and cash: 44.6% of total assets), and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
-48.7%
Return on assets
-15.5%
Age of the figures
21 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
21222324
2021 to 2024 · latest year -€175,206
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 28-06-2026, 33 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
33 d early
2024
3 d early
2023
32 d early
2022
28 d late
2021
71 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 6 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
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. Usually files around 28 July (4 of the last 5 filed years within 31 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2024, micro schema
Equity
-€175,206▼ 46.7%
2023 · -€119,424
Total assets
€359,589▲ 134%
2023 · €153,726
Net result
-€55,782▼ 141%
2023 · -€23,153
Working capital
€20,512
2023 · -€123,024
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2021202220232024
Operating result-€15,323--€95,877▼ 526%-€23,238▲ 75.8%-€55,468▼ 139%
Net result-€15,674below the sector's middle half--€96,597below the sector's middle half▼ 516%-€23,153below the sector's middle half▲ 76.0%-€55,782below the sector's middle half▼ 141%
Equity€326below the sector's middle half--€96,271below the sector's middle half-€119,424below the sector's middle half▼ 24.1%-€175,206below the sector's middle half▼ 46.7%
Total assets€167,902within the sector's middle half-€201,185within the sector's middle half▲ 19.8%€153,726within the sector's middle half▼ 23.6%€359,589within the sector's middle half▲ 134%
Debt€167,576-€297,456▲ 77.5%€273,151▼ 8.2%€534,796▲ 95.8%
Working capital€326within the sector's middle half--€99,871below the sector's middle half-€123,024below the sector's middle half▼ 23.2%€20,512within the sector's middle half
Solvency0.2%below the sector's middle half--47.9%below the sector's middle half▼ 48.0pp-77.7%below the sector's middle half▼ 29.8pp-48.7%below the sector's middle half▲ 29.0pp
Current ratio1.00within the sector's middle half-0.66below the sector's middle half▼ 0.340.55below the sector's middle half▼ 0.111.06within the sector's middle half▲ 0.51
Return on assets (ROA)-9.3%below the sector's middle half--48.0%below the sector's middle half▼ 38.7pp-15.1%below the sector's middle half▲ 33.0pp-15.5%below the sector's middle half▼ 0.5pp
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €55,468 in 2024 against €23,238 in 2023; the loss grows.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €359,589
Fixed assets
€4,282 ▲ 18.9%
Current assets
€355,307 ▲ 137%
Key figures and ratios
EBITDA
-€55,200
Cash flow
-€55,514
Quick ratio
0.52▲
2023 · 0.22
Debt to equity
-3.05▼
2023 · -2.29
Interest coverage
-160.13
Debt ≤ 1 year
€334,796▲
2023 · €273,151
Debt > 1 year
€200,000
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,010 companies that looked in July 2024 the way this one looks now, 7.9% went bankrupt within 24 months and 83% are still going.
- Micro
- 5 to 10 years old
- negative equity
- a loss of 10% of the balance sheet or more
7.9%
went bankrupt
8.4%
stopped otherwise
83%
still going
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.6% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 6,010 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | €268 | - |
| Other operating charges640/8 | €757 | €4,254 | €1,373 | €524 | ▼ 61.8% |
| Gross operating margin9900 | -€14,566 | -€91,623 | -€21,866 | -€54,675 | ▼ 150% |
| Operating profit (loss)9901 | -€15,323 | -€95,877 | -€23,238 | -€55,468 | ▼ 139% |
| Financial income75/76B | - | - | €539 | €30 | ▼ 94.3% |
| Recurring financial income75 | - | - | €539 | €30 | ▼ 94.3% |
| Financial charges65/66B | €351 | €720 | €453 | €345 | ▼ 24.0% |
| Recurring financial charges65 | €351 | €720 | €453 | €345 | ▼ 24.0% |
| Profit (loss) for the period before taxes9903 | -€15,674 | -€96,597 | -€23,153 | -€55,782 | ▼ 141% |
| Profit (loss) for the period9904 | -€15,674 | -€96,597 | -€23,153 | -€55,782 | ▼ 141% |
| Profit (loss) for the period to be appropriated9905 | -€15,674 | -€96,597 | -€23,153 | -€55,782 | ▼ 141% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €167,902 | €201,185 | €153,726 | €359,589 | ▲ 134% |
| Fixed assets21/28 | - | €3,600 | €3,600 | €4,282 | ▲ 18.9% |
| Tangible fixed assets22/27 | - | - | - | €682 | - |
| Furniture and vehicles24 | - | - | - | €682 | - |
| Financial fixed assets28 | - | €3,600 | €3,600 | €3,600 | = |
| Current assets29/58 | €167,902 | €197,585 | €150,126 | €355,307 | ▲ 137% |
| Stocks and contracts in progress3 | €148,207 | €113,354 | €89,777 | €179,715 | ▲ 100% |
| Stocks30/36 | €148,207 | €113,354 | €89,777 | €179,715 | ▲ 100% |
| Amounts receivable within one year40/41 | €18,104 | €11,982 | €16,088 | €15,315 | ▼ 4.8% |
| Trade receivables40 | €5,445 | €9,676 | €11,353 | €11,797 | ▲ 3.9% |
| Other amounts receivable41 | €12,659 | €2,306 | €4,735 | €3,517 | ▼ 25.7% |
| Cash at bank and in hand54/58 | €1,591 | €72,249 | €44,120 | €160,278 | ▲ 263% |
| Deferred charges and accrued income490/1 | - | - | €141 | - | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €167,902 | €201,185 | €153,726 | €359,589 | ▲ 134% |
| Equity10/15 | €326 | -€96,271 | -€119,424 | -€175,206 | ▼ 46.7% |
| Contributions10/11 | €16,000 | €16,000 | €16,000 | €16,000 | = |
| Profit (loss) carried forward14 | -€15,674 | -€112,271 | -€135,424 | -€191,206 | ▼ 41.2% |
| Amounts payable17/49 | €167,576 | €297,456 | €273,151 | €534,796 | ▲ 95.8% |
| Amounts payable after more than one year17 | - | - | - | €200,000 | - |
| Financial debts170/4 | - | - | - | €200,000 | - |
| Amounts payable within one year42/48 | €167,576 | €297,456 | €273,151 | €334,796 | ▲ 22.6% |
| Trade debts44 | €6,846 | €14,305 | - | €61,645 | - |
| Suppliers440/4 | €6,846 | €14,305 | - | €61,645 | - |
| Other amounts payable47/48 | €160,730 | €283,151 | €273,151 | €273,151 | = |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€15,674 | -€96,597 | -€23,153 | -€55,782 | ▼ 141% |
| + Depreciation and write-downs630 | - | - | - | €268 | - |
| Operating cash flow (approximation) | -€15,674 | -€96,597 | -€23,153 | -€55,514 | ▼ 140% |
| Investment in fixed assets (approximation) | - | - | €0 | -€950 | - |
| Change in cash | - | €70,658 | -€28,129 | €116,158 | ▲ 513% |
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
28-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
28-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
29-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 28 days late
2022
31-12
Financial
Weakest financial yearnet -€96,597
Net result drops to -€96,597, the lowest in the series; recovery starts the following year.
10-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 71 days late
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, Houthalen-Helchteren · 1 establishment unit since 2020
Ground area
1.4 ha
Building footprint
221 m²
Volume, LiDAR
2 m³
Parcel 72453G0100/00V006, Flanders · tallest building 0.4 m. Linked by address, not a title deed.
11
companies at this address
See who is registered here
1 establishment unit
Isoskin
since 20202.304.353.774
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72453G0100/00V006 | Flanders | 1.4 ha | 1 · 221 m² | 0.4 m |
Linked by address, not proof of ownership
Good to know
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
2025 · 2 entries · 11,850 EUR awarded · 11,850 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 11,850 EUR | 11,850 EUR |
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Of 1,805 companies in sector 46831 we hold annual accounts for 1,399. 29 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
Founded01-07-2020
Fiscal year end31-12
Activities, NACEBEL 2025
46831Wholesale of construction materials, general range
43230Insulation installation
Contact
E-mail
isoworxjs@outlook.be
E-invoicing
Reachable via Peppol
Peppol ID
0208:0749654404
Also
9925:BE0749654404
Registered
31-07-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.