ISOSPRAY 2.0
ActiveISOSPRAY 2.0 has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €271k and a net result of €25k. Equity is growing by ~22.9% per year across the filed fiscal years. Its solvency ranks better than 34% of 5495 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
87
/ 100
Excellent▲ +32 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability45▲+45
Solvency76▲+22
Growth52=
Stability100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €24k at 30 days acceptable
Liquidity ample (current ratio 3.16 against 1.38 in 2024), but 65.9% 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 · 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
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
34.1%
Return on assets
3.1%
Age of the figures
9 mo
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 22-07-2026, 9 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
9 d early
2024
17 d early
2023
29 d late
2022
5 d early
2021
26 d early
2020
45 d early
2019
37 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
Equity
€271k▲ 9.9%
2024 · €247k
2018: €73k
2019: €74k
2020: €107k
2021: €8k
2022: €12k
2023: €273k
2024: €247k
2018 → 2025
Total assets
€795k▼ 7.3%
2024 · €857k
2018: €238k
2019: €407k
2020: €1.07M
2021: €1.11M
2022: €1.20M
2023: €729k
2024: €857k
2018 → 2025
Net result
€25k
2024 · €-26k
2018: €26k
2019: €9k
2020: €33k
2021: €-99k
2022: €3k
2023: €261k
2024: €-26k
2018 → 2025
Working capital
€137k▲ 146%
2024 · €56k
2018: €-8k
2019: €-74k
2020: €782k
2021: €533k
2022: €772k
2023: €315k
2024: €56k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€8k-€12k▲ 40.7%€273k▲ 2,241%€247k▼ 9.6%€271k▲ 9.9%
Operating result€-93k-€15k€414k▲ 2,625%€23k▼ 94.5%€57k▲ 151%
Net result€-99k-€3k€261k▲ 7,650%€-26k€25k
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 recovers in 2025; 2025 is 151% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €795k
Fixed assets
€595k▼ 9.4%
Current assets
€200k▼ 0.4%
Equity and liabilities €795k
Equity
€271k▲ 9.9%
Debt
€524k▼ 14.2%
The debt ratio falls from 71.2% to 65.9%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€150k▲
2024 · €96k
Cash flow
€117k▲
2024 · €47k
Solvency
34.1%▲
2024 · 28.8%
Current ratio
3.16▲
2024 · 1.38
Quick ratio
3.16▲
2024 · 1.21
Debt / equity
1.93▼
2024 · 2.48
ROE
9.0%▲
2024 · -10.6%
ROA
3.1%▲
2024 · -3.1%
Interest coverage
9.56▲
2024 · 7.32
Debt
€524k▼
2024 · €611k
Debt ≤ 1 year
€63k▼
2024 · €145k
Debt > 1 year
€441k▼
2024 · €466k
Income taxes
€12k▲
2024 · €2k
Staff costs
€19k▼
2024 · €19k
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€857k€795k▼
Fixed assets21/28€657k€595k▼
Tangible fixed assets22/27€657k€595k▼
Land and buildings22€546k€517k▼
Plant, machinery and equipment23€52k€36k▼
Furniture and vehicles24€58k€43k▼
Current assets29/58€201k€200k▼
Stocks and contracts in progress3€25k-
Contracts in progress37€25k-
Amounts receivable within one year40/41€82k€174k▲
Trade receivables40€82k€40k▼
Other amounts receivable41-€135k
Cash at bank and in hand54/58€78k€5k▼
Deferred charges and accrued income490/1€16k€20k▲
Equity and liabilities
Total equity and liabilities10/49€857k€795k▼
Equity10/15€247k€271k▲
Contributions10/11€19k€19k=
Reserves13€254k€254k=
Distributable reserves133€254k€254k=
Profit (loss) carried forward14€-26k€-2k▲
Amounts payable17/49€611k€524k▼
Amounts payable after more than one year17€466k€441k▼
Financial debts170/4€466k€441k▼
Amounts payable within one year42/48€145k€63k▼
Current portion of amounts payable after more than one year42€17k€18k▲
Trade debts44€6k€2k▼
Suppliers440/4€6k€2k▼
Taxes, remuneration and social security45€97k€8k▼
Taxes450/3€97k€5k▼
Remuneration and social security454/9-€2k
Other amounts payable47/48€25k€35k▲
Accrued charges and deferred income492/3-€19k
Income statement
Code20242025
Non-recurring operating income76A-€137k
Remuneration, social security and pensions62€19k€19k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€73k€92k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-32k€-27k▲
Other operating charges640/8€12k€6k▼
Non-recurring operating charges66A-€18k
Gross operating margin9900€95k€166k▲
Operating profit (loss)9901€23k€57k▲
Financial income75/76B€79€712▲
Recurring financial income75€79€712▲
Financial charges65/66B€47k€22k▼
Recurring financial charges65€13k€16k▲
Non-recurring financial charges66B€34k€6k▼
Profit (loss) for the period before taxes9903€-24k€36k▲
Income taxes67/77€2k€12k▲
Profit (loss) for the period9904€-26k€25k▲
Profit (loss) for the period to be appropriated9905€-26k€25k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-26k€-2k▲
Profit (loss) brought forward from the previous period14P-€-26k
Social balance
Average headcount (FTE)90870.20.5▲
The notes to these accounts (10 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
22-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Back to profitnet €25k
Net result €25k after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 3.16
Current ratio from 1.38 to 3.16; short-term debt falls from €145k to €63k.
14-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 29 days late
2023
31-12
Financial
Highest result since 2018net €261k ▲7650%
Operating result €414k, net result €261k, both a record.
31-12
Financial
Equity above €200kEq €273k ▲2241%
2 profitable years in a row build equity to €273k.
26-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Back to profitnet €3k
Net result €3k after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 5.63
Current ratio from 2.06 to 5.63; short-term debt falls from €505k to €167k.
05-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €-99k ▼403%
Net result drops to €-99k, the lowest in the series; recovery starts the following year.
16-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Liquidity times 8current ratio 6.39
Current ratio from 0.78 to 6.39; short-term debt falls from €330k to €145k.
31-12
Financial
Equity above €100kEq €107k ▲43.9%
3 profitable years in a row build equity to €107k.
24-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
24-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
21-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
24-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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 2003
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.
Linkhoutstraat 1453560 LummenGround area
8,810 m²
Building footprint
4,551 m²
Volume, LiDAR
30,633 m³
2 parcels, Flanders · tallest building 7.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Isospray 2.0
since 20032.131.511.058
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71322A0543/00T000 | Flanders | 8,547 m² | 1 · 4,376 m² | 7.7 m · 2 fl. |
| 71035B0688/00W000 | Flanders | 263 m² | 1 · 175 m² | 6.8 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
Cedric Vanmaele
BE 0660.865.057
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ISSA ISOLATION
BE 0699.481.450
Sint-Jans-Molenbeek · Eq €272k
D.M.S. WEGENWERKEN
BE 0428.748.512
Liedekerke · Eq €273k
J&N Invest
BE 0803.067.849
Ravels · Eq €268k
LDM création
BE 0697.608.855
Sint-Pieters-Leeuw · Eq €267k
Of 4,245 companies in sector 43230 we hold annual accounts for 1,230. 904 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded05-07-2002
Fiscal year end31-12
Activities, NACEBEL
43230Insulation installation
43291Specialised construction activities
64200Holdings
64210Activities of holding companies
01480Raising of other animals
01490Crop and animal production, hunting and related service activities
43422Screed work
47762Retail sale of pets, pet food and pet supplies
Sources
Crossroads Bank for EnterprisesNational Bank · 23 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.