ISOTECH INDUSTRIES
ActiveThe file of ISOTECH INDUSTRIES contains 2 judicial reorganisations, as published in the Belgian State Gazette. For ISOTECH INDUSTRIES, at least two filing cycles of the annual accounts are missing. The computed 12-month bankruptcy probability is ≥ 25% (high). The 2023 annual accounts show equity of €82k and a net result of €62k. Equity is shrinking by ~13.9% per year across the filed fiscal years. Its solvency ranks better than 14% of 759 sector peers (fiscal year 2023).
Checked score
No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Bankruptcy probability: High
Filing: At least two filing cycles are missing
Axes, FY 2023 · tick = 2022
Profitability82▼-7
Solvency39▼-15
Growth32=
Track record60
Bankruptcy probability, 12 months
≥ 25%
High
0%0.5%1.5%4%10%≥ 25%
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
+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 25
Relative position
BE, all sectors
reference
Sector 25
higher
← fewer bankruptcies
more bankruptcies →
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 2023Solvency, return and age of the figures
Solvency
14.2%
Return on assets
10.7%
Age of the figures
33 mo
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 7 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline19-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 18-07-2024, 13 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
13 d early
2022
30 d late
2021
54 d early
2020
30 d late
2019
61 d late
← before the deadline
after the deadline →
Financials · fiscal year 2023, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€62k▲ 3.4%
2022 · €60k
2018: €132k
2019: €3k
2020: €-25k
2021: €95k
2022: €60k
2018 → 2023
Working capital
€36k▼ 62.8%
2022 · €96k
2018: €170k
2019: €158k
2020: €111k
2021: €184k
2022: €96k
2018 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202120222023Trend
Equity€167k-€142k▼ 15.2%€204k▲ 43.7%€105k▼ 48.4%€82k▼ 21.6%
Operating result€54k-€18k▼ 66.4%€143k▲ 683%€90k▼ 36.9%€113k▲ 25.4%
Net result€3k-€-25k€95k€60k▼ 36.7%€62k▲ 3.4%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2023; 2023 is 25% above 2022.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €580k
Fixed assets
€116k▲ 1,176%
Current assets
€464k▲ 30.6%
Equity and liabilities €580k
Equity
€82k▼ 21.6%
Debt
€497k▲ 91.9%
The debt ratio rises from 71.2% to 85.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€137k▲
2022 · €102k
Cash flow
€86k▲
2022 · €72k
Solvency
14.2%▼
2022 · 28.8%
Current ratio
1.08▼
2022 · 1.37
Quick ratio
1.08▼
2022 · 1.37
Debt / equity
6.04▲
2022 · 2.47
ROE
75.7%▲
2022 · 57.4%
ROA
10.7%▼
2022 · 16.5%
Interest coverage
18.08▼
2022 · 36.53
Debt
€497k▲
2022 · €259k
Debt ≤ 1 year
€428k▲
2022 · €259k
Debt > 1 year
€69k
Income taxes
€43k▲
2022 · €27k
Staff costs
€654k▼
2022 · €701k
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 · 2023 against 2022
Balance sheet
Code20222023
Assets
Total assets20/58€364k€580k▲
Fixed assets21/28€9k€116k▲
Tangible fixed assets22/27€6k€113k▲
Furniture and vehicles24€6k€113k▲
Financial fixed assets28€3k€3k=
Current assets29/58€355k€464k▲
Amounts receivable within one year40/41€321k€426k▲
Trade receivables40€304k€421k▲
Other amounts receivable41€17k€5k▼
Cash at bank and in hand54/58€31k€35k▲
Deferred charges and accrued income490/1€4k€4k▼
Equity and liabilities
Total equity and liabilities10/49€364k€580k▲
Equity10/15€105k€82k▼
Contributions10/11€19k€19k=
Reserves13€19k€19k=
Tax-exempt reserves132€19k€19k=
Profit (loss) carried forward14€68k€45k▼
Amounts payable17/49€259k€497k▲
Amounts payable after more than one year17-€69k
Financial debts170/4-€69k
Amounts payable within one year42/48€259k€428k▲
Current portion of amounts payable after more than one year42-€19k
Financial debts43€176€176=
Credit institutions430/8€176€176=
Trade debts44€97k€262k▲
Suppliers440/4€97k€262k▲
Advances received on contracts in progress46€22k€22k=
Taxes, remuneration and social security45€137k€125k▼
Taxes450/3€87k€80k▼
Remuneration and social security454/9€50k€45k▼
Other amounts payable47/48€2k€444▼
Income statement
Code20222023
Remuneration, social security and pensions62€701k€654k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12k€24k▲
Other operating charges640/8€22k€40k▲
Gross operating margin9900€825k€831k▲
Operating profit (loss)9901€90k€113k▲
Financial income75/76B-€33
Recurring financial income75-€33
Financial charges65/66B€3k€8k▲
Recurring financial charges65€3k€8k▲
Profit (loss) for the period before taxes9903€87k€106k▲
Income taxes67/77€27k€43k▲
Profit (loss) for the period9904€60k€62k▲
Profit (loss) for the period to be appropriated9905€60k€62k▲
Appropriation of the result
Profit (loss) to be appropriated9906€226k€130k▼
Profit (loss) brought forward from the previous period14P€166k€68k▼
Profit to be distributed694/7€159k€85k▼
Return on contributions (dividend)694€159k€85k▼
Social balance
Average headcount (FTE)908713.611.3▼
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
14-08
Judicial reorganisation
Plan homologation
Tribunal de l’entreprise du Hainaut · 20250014 · event 05-08-2025
2024
18-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
18-06
Judicial reorganisation
Opening
Tribunal de l’entreprise du Hainaut · collectif · event 10-06-2024
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 30 days late
2022
07-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Back to profitnet €95k
Net result €95k after one loss-making year.
31-12
Financial
Equity above €200kEq €204k ▲43.7%
Equity rises from €142k to €204k.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 30 days late
2020
31-12
Financial
Weakest financial yearnet €-25k ▼1078%
Net result drops to €-25k, the lowest in the series; recovery starts the following year.
30-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 61 days late
2019
10-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
09-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
SignalFinancial 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, Mons · 1 establishment unit since 2016
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.
Rue d'Havré 97000 MonsGround area
124 m²
Building footprint
38 m²
Volume, LiDAR
408 m³
Parcel 53403G0398/00D000, Wallonia · tallest building 13.2 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Rue d'Havré 9, 7000 Mons
since 20162.256.288.294
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 53403G0398/00D000 | Wallonia | 124 m² | 1 · 38 m² | 13.2 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel 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
M.T.F. Metal Frame and Profile Experts
BE 0563.481.710
Hasselt · Eq €82k
Lizette & Florette welding
BE 0759.935.513
Zoersel · Eq €81k
HKW-SERVICE
BE 0821.366.702
Lille · Eq €81k
OUDAERT METAL FINISHING
BE 0816.590.837
Braine-l'Alleud · Eq €84k
Voets et Fils
BE 0401.927.814
Anderlecht · Eq €85k
Of 710 companies in sector 25510 we hold annual accounts for 409. 273 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded08-09-2016
Fiscal year end31-12
Activities, NACEBEL
25210Manufacture of fabricated metal products, except machinery and equipment
25300Manufacture of fabricated metal products, except machinery and equipment
25510Coating of metals
25610Manufacture of fabricated metal products, except machinery and equipment
24200Manufacture of basic metals
33110Repair and maintenance of fabricated metal products
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:Iso-tech@outlook.be