Equity
€877,071 ▲ 93.1%
ISOTHERMIC ECHAFAUDAGES has made a profit without a break since 2022.
ISOTHERMIC ECHAFAUDAGES
Lifetime
19 annual accounts with figures on one time axis, 48 filings since 1977peak €2.1m (2008)
€1.9m▲ 40.3%
lowest -€302,217 (2015)
€422,959▲ 674%
peak €877,071 (2025)
€877,071▲ 93.1%
€1.8m▼ 5.6%
peak 35.4 FTE (2010)
17.4 FTE▲ 0.6%
Board4 names since 2019
2 directorsVANVEC SRL and 1 other
Owners3 names in the annual accounts
100%GILO INVEST
Documentsfilings and deeds
28-05-202664 days before the deadline
2025financial year
Gross margin from €1.3m to €1.9mResult from €54,665 to €422,959Equity from €454,112 to €877,071
Key points
from the 2025 annual accountsResult
€422,959 ▲ 674%
The result rose in 2025 from €54,665 to €422,959.
Turnover
≈ €5.2m estimated
The accounts state no turnover.
Staff
17.4 FTE from 35.4 in 2010
Between 2010 and 2025, 51% of the full-time equivalents disappeared.
Filings
48 annual accounts since 1977
Two of the last ten came late. The 2018 accounts came latest: 27 days after the end of the period.
Position in the sector
€422,959
Higher net result than 83% of companies in specialised construction. Sector median €42,705 · 2,461 companies.
Checked score
83
Excellent
Financially stronger than 61% 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: 0.3%
01-2025: 0.3%● unchanged vs 12-2024
02-2025: 0.3%● unchanged vs 01-2025
03-2025: 0.3%● unchanged vs 02-2025
04-2025: 0.4%▲ +0.1 percentage points vs 03-2025
05-2025: 0.4%● unchanged vs 04-2025
06-2025: 0.3%▼ -0.1 percentage points vs 05-2025lowest value
07-2025: 0.4%▲ +0.1 percentage points vs 06-2025
08-2025: 1.2%▲ +0.8 percentage points vs 07-2025
09-2025: 1.2%● unchanged vs 08-2025
10-2025: 1.2%● unchanged vs 09-2025
11-2025: 1.2%● unchanged vs 10-2025
12-2025: 1.2%● unchanged vs 11-2025
01-2026: 1.2%● unchanged vs 12-2025
02-2026: 1.2%● unchanged vs 01-2026
03-2026: 1.2%● unchanged vs 02-2026
04-2026: 1.2%● unchanged vs 03-2026
05-2026: 1.3%▲ +0.1 percentage points vs 04-2026highest value
06-2026: 0.5%▼ -0.8 percentage points vs 05-2026
07-2026: 0.5%● unchanged vs 06-2026
08-2026: 0.5%● unchanged vs 07-2026
09-2026: 0.5%● unchanged vs 08-2026
10-2026: 0.5%● unchanged vs 09-2026
11-2026: 0.5%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Liquidity: current ratio 1.38, cash €101,713
Sector: Specialised construction activities (NACE 43)
lowers risk
Profit of €422,959 (financial year 2025)
Founded in 1968
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 43% of them on solvency, 16% on liquidity, 88% on profitability and 95% 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, 20,137 companies had the same profile as ISOTHERMIC ECHAFAUDAGES has now. Each dot stands for 51 companies, two years later.
95.1%
were still trading
4.7%
stopped another way
0.2%
went bankrupt
That fits the bankruptcy probability of ISOTHERMIC ECHAFAUDAGES 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 20,137 companies, not a prediction for ISOTHERMIC ECHAFAUDAGES. 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 €70,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.38 (1.15 in 2024), below the usual 1.5. Short-term debt is 58.5% and cash 3.9% of total assets. 66.8% of the assets are financed with debt and provisions.
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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 28-05-2026, 64 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
64 days early
2024
13 days early
2023
on the day
2022
27 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 10 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 30 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
Board and ownership
VS
VANVEC SRL
Director
- GILO INVEST 100%equity €3.9m (2025) · annual accounts 2025
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0405881058
Resignation: CA.L.O.R.S. (managing director)
Appointment: Barbara VAN MUYLDER (director) · GILO INVEST holds all the shares · Director discharge: CA.L.O.R.S. · General meeting of 23-09-2022 · Gazette deed
Resignations & appointments
Resignation: F.D.R. MANAGEMENT SA (director) · General meeting of 14-06-2021 · Gazette deed
First establishment
Avenue de Heppignies 34, Fleurus
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| ISOTHERMIC ECHAFAUDAGES Fleurus | €2.6m | €1.9m | 33.2% | 17.4 |
| MORTIER ISOLATIEWERKEN Ghent | €2.1m | €1.6m | 47.6% | 17.1 |
| RESARM ENGINEERING PLASTICS Blegny | €3.0m | €1.3m | 33.7% | 15.2 |
| Gent-Asfalt Evergem | €1.5m | €1.6m | 59.8% | 21.9 |
| VERHOYE Tielt | €2.8m | €2.1m | 40.6% | 11.5 |
| VERHOEVEN RENE Kampenhout | €1.3m | €1.4m | 60.7% | 18.7 |
| LIBRECO Aalst | €3.4m | €1.1m | 77.5% | 16.1 |
These companies have the same main activity as ISOTHERMIC ECHAFAUDAGES: insulation installation (NACE 43230). They are comparable in size and age: total assets between €1.3m and €3.4m, founded between 1969 and 1989.
Official details
Source: KBO- Status
- ActiveNormal situation
- Activity
- Insulation installationNACE 43230and 1 other
- Establishment unit
- 2.057.521.7356220 Fleurus, since 25-05-1992
- Financial year end
- 31 December
- Peppol
- Reachable since 21-10-2026
Annual accounts 2025
- €2.6m▲ 13.3%
- Employeeson 31-12-2025
- 16▼ 15.8%
- Filing
- Filed on 28-05-2026, 64 days before the end of the filing period
Insights on ISOTHERMIC ECHAFAUDAGES
Solvency rose in 2025 from 19.5% to 33.2% because of the retained profit.
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 ISOTHERMIC ECHAFAUDAGES
- What is the company number of ISOTHERMIC ECHAFAUDAGES?
- The company number of ISOTHERMIC ECHAFAUDAGES is 0405.881.058. The VAT number is the same number with BE in front: BE 0405.881.058.
- Where is ISOTHERMIC ECHAFAUDAGES based?
- The registered office is at Avenue de Heppignies 34, 6220 Fleurus.Company details
- What does ISOTHERMIC ECHAFAUDAGES do?
- According to the KBO register, the main activity is insulation installation (NACE 43230).
- What is the legal form of ISOTHERMIC ECHAFAUDAGES?
- ISOTHERMIC ECHAFAUDAGES is a private limited company (BV).
- When was ISOTHERMIC ECHAFAUDAGES founded?
- ISOTHERMIC ECHAFAUDAGES was founded on 01-01-1968.
- Is ISOTHERMIC ECHAFAUDAGES still active?
- Yes, ISOTHERMIC ECHAFAUDAGES is an active enterprise in the KBO register.
- How many employees does ISOTHERMIC ECHAFAUDAGES have?
- ISOTHERMIC ECHAFAUDAGES had an average of 17.4 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of ISOTHERMIC ECHAFAUDAGES?
- The turnover in financial year 2025 is ≈ €5.2m. This figure is estimated from the gross margin of €1.9m and 30 comparable companies (NACE 432). It probably lies between €4.3m and €6.4m.
- Is ISOTHERMIC ECHAFAUDAGES profitable?
- In financial year 2025, ISOTHERMIC ECHAFAUDAGES made a profit of €422,959.
- Where can I find the annual accounts of ISOTHERMIC ECHAFAUDAGES?
- ISOTHERMIC ECHAFAUDAGES filed 48 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of ISOTHERMIC ECHAFAUDAGES due?
- ISOTHERMIC ECHAFAUDAGES must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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