ISOTHERMIC ECHAFAUDAGES
ActiveISOTHERMIC ECHAFAUDAGES has been active since 1968 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €877k and a net result of €423k. Equity is growing by ~28% per year across the filed fiscal years. Its solvency ranks better than 37% of 2037 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
65
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability89▲+17
Solvency58▲+14
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €55k at 30 days acceptable
Liquidity tight (current ratio 1.38 against 1.15 in 2024; short-term debt: 58.5% and cash: 3.9% of total assets), and 66.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
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 · 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
33.2%
Return on assets
16%
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 28-05-2026, 64 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
64 d early
2024
13 d early
2023
on the day
2022
27 d late
2021
on the day
2020
18 d early
2019
on the day
← 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
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€423k▲ 674%
2024 · €55k
2019: €144k
2020: €80k
2021: €-36k
2022: €289
2023: €182k
2024: €55k
2019 → 2025
Working capital
€590k▲ 146%
2024 · €240k
2019: €-41k
2020: €-36k
2021: €-286k
2022: €39k
2023: €305k
2024: €240k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€217k-€217k▲ 0.1%€399k▲ 84.0%€454k▲ 13.7%€877k▲ 93.1%
Operating result€-17k-€24k€300k▲ 1,150%€85k▼ 71.6%€606k▲ 611%
Net result€-36k-€289€182k▲ 63,063%€55k▼ 70.0%€423k▲ 674%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 611% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.64M
Fixed assets
€505k▲ 10.0%
Current assets
€2.13M▲ 14.1%
Equity and liabilities €2.64M
Equity
€877k▲ 93.1%
Provisions
€0▼ 100%
Debt
€1.76M▼ 5.6%
The debt ratio falls from 80.1% to 66.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€826k▲
2024 · €282k
Cash flow
€644k▲
2024 · €252k
Solvency
33.2%▲
2024 · 19.5%
Current ratio
1.38▲
2024 · 1.15
Quick ratio
1.37▲
2024 · 1.12
Debt / equity
2.01▼
2024 · 4.11
ROE
48.2%▲
2024 · 12.0%
ROA
16.0%▲
2024 · 2.3%
Interest coverage
20.49▲
2024 · 11.34
Debt
€1.76M▼
2024 · €1.87M
Debt ≤ 1 year
€1.54M▼
2024 · €1.63M
Debt > 1 year
€219k▼
2024 · €232k
Income taxes
€144k▲
2024 · €8k
Staff costs
€1.03M▲
2024 · €1.02M
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€2.33M€2.64M▲
Fixed assets21/28€459k€505k▲
Intangible fixed assets21€36k€30k▼
Tangible fixed assets22/27€423k€475k▲
Land and buildings22€97k€94k▼
Plant, machinery and equipment23€291k€350k▲
Furniture and vehicles24€34k€31k▼
Leasing and similar rights25€2k-
Current assets29/58€1.87M€2.13M▲
Stocks and contracts in progress3€51k€17k▼
Stocks30/36-€17k
Contracts in progress37€51k-
Amounts receivable within one year40/41€1.60M€2.01M▲
Trade receivables40€1.22M€1.30M▲
Other amounts receivable41€379k€712k▲
Cash at bank and in hand54/58€145k€102k▼
Deferred charges and accrued income490/1€70k€4k▼
Equity and liabilities
Total equity and liabilities10/49€2.33M€2.64M▲
Equity10/15€454k€877k▲
Contributions10/11€20k€20k=
Reserves13€304k€304k=
Tax-exempt reserves132€240k€240k=
Distributable reserves133€64k€64k=
Profit (loss) carried forward14€131k€554k▲
Provisions and deferred taxes16€9k-
Provisions for liabilities and charges160/5€9k-
Environmental obligations163€9k-
Amounts payable17/49€1.87M€1.76M▼
Amounts payable after more than one year17€232k€219k▼
Financial debts170/4€232k€219k▼
Amounts payable within one year42/48€1.63M€1.54M▼
Current portion of amounts payable after more than one year42€249k€257k▲
Financial debts43€355k€331k▼
Credit institutions430/8€355k€331k▼
Trade debts44€364k€361k▼
Suppliers440/4€364k€361k▼
Taxes, remuneration and social security45€48k€140k▲
Taxes450/3€6k€97k▲
Remuneration and social security454/9€42k€42k▼
Other amounts payable47/48€613k€455k▼
Accrued charges and deferred income492/3€4k-
Income statement
Code20242025
Remuneration, social security and pensions62€1.02M€1.03M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€197k€221k▲
Provisions for liabilities and charges: additions (uses and reversals)635/8-€-9k
Other operating charges640/8€25k€15k▼
Non-recurring operating charges66A€188€635▲
Gross operating margin9900€1.33M€1.86M▲
Operating profit (loss)9901€85k€606k▲
Financial income75/76B€2k€11k▲
Recurring financial income75€2k€4k▲
Non-recurring financial income76B-€7k
Financial charges65/66B€25k€50k▲
Recurring financial charges65€25k€40k▲
Non-recurring financial charges66B-€10k
Profit (loss) for the period before taxes9903€63k€567k▲
Income taxes67/77€8k€144k▲
Profit (loss) for the period9904€55k€423k▲
Profit (loss) for the period to be appropriated9905€55k€423k▲
Appropriation of the result
Profit (loss) to be appropriated9906€131k€554k▲
Profit (loss) brought forward from the previous period14P€76k€131k▲
Social balance
Average headcount (FTE)908717.317.4▲
The notes to these accounts (21 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
28-05
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Highest result since 2019net €423k ▲674%
Operating result €606k, net result €423k, both a record.
31-12
Financial
Equity above €500kEq €877k ▲93.1%
4 profitable years in a row build equity to €877k.
18-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
27-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 27 days late
2022
31-12
Financial
Back to profitnet €289
Net result €289 after one loss-making year.
31-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Weakest financial yearnet €-36k ▼145%
Net result drops to €-36k, the lowest in the series; recovery starts the following year.
13-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Equity above €200kEq €252k ▲46.5%
2 profitable years in a row build equity to €252k.
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
27-02
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 27 days late
2017
11-12
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
30-01
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 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, Fleurus · 1 establishment unit since 1992
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.
Avenue de Heppignies(H) 346220 FleurusGround area
6,213 m²
Building footprint
2,167 m²
Volume, LiDAR
13,462 m³
Parcel 52032B0097/00N000, Wallonia · tallest building 6.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Avenue de Heppignies(H) 34, 6220 Fleurus
since 19922.057.521.735
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52032B0097/00N000 | Wallonia | 6,213 m² | 1 · 2,167 m² | 6.8 m · 2 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.
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Of 4,267 companies in sector 43230 we hold annual accounts for 1,240. 550 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded01-01-1968
Fiscal year end31-12
Activities, NACEBEL
43230Insulation installation
43291Specialised construction activities
43990Other specialised construction activities
43999Specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 48 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.