isovent
ActiveSummary
The computed 12-month bankruptcy probability of isovent is 5.5% (elevated). The 2024 annual accounts show equity of €301,138 and a net result of €139,075. Equity is growing by ~11.9% per year across the filed fiscal years. Its solvency ranks better than 89% of 36370 sector peers (fiscal year 2024). The company has been active since 2010 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 2 administrative register entries (see administrative flags).
Overview
What they do
Insulation installation
NACE 43230NACE 43291
1 site
How big
€359,570total assets 2024
- Equity
- €301,138
- Profit
- €139,075
Turnover not published (abridged schema)
Who decides
Accounts 62 d overdue0 of 7 deeds read
Why 59- Recent warning signals- Higher-failure-rate sector- Ex-officio strike-off- Administrative warnings in the KBO publications+ Long track record+ Annual accounts: healthy financial profileLatest accounts filed on timeShow the evidence
Checked score
Score 2024
59
/ 100
Fair
An elevated bankruptcy probability caps the score. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100▲+80
Solvency100=
Growth78▲+26
Track record84
Bankruptcy probability, 12 months
5.5%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €17,000 at 30 days only on tighter terms
Liquidity ample (current ratio 6.15 against 9.69 in 2023; short-term debt: 16.3% and cash: 0% of total assets), and 16.3% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Seven 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
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← 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 2024Solvency, return and age of the figures
Solvency
83.7%
Return on assets
38.7%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 08-05-2025, 84 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
84 d early
2023
30 d late
2022
17 d late
2021
94 d late
2020
31 d late
2019
82 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 28 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
raises risk · Administrative warnings in the KBO publications
2 publications by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or their withdrawal.
KBO publicationsPublications
Address struck×2
- Address struckBrusselsesteenweg 18 L’adresse du siège…
- Annual accounts filedfiscal year 2024 · micro…
- Address struckDa Vincilaan 1 1930 Die…
Financials
Fiscal year 2024Total assets €359,570Profit €139,075Solvency 83.7%Liquidity 6.15
Total assets
€359,570▲ 99.4%
2018 - 2024
Net result
€139,075▲ 6,562%
2018 - 2024
Equity
€301,138▲ 85.8%
2018 - 2024
Solvency
83.7%▼ 6.1pp
2018 - 2024
Financials · fiscal year 2024, micro schema
Trend over the years
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€6,559€15,978€23,502▲ 47.1%-€1,463€190,065
Net result€2,875within the sector's middle half▼ 84.0%€16,635within the sector's middle half▲ 479%€14,413within the sector's middle half▼ 13.4%€2,088within the sector's middle half▼ 85.5%€139,075above the sector's middle half▲ 6,562%
Equity€128,928above the sector's middle half▲ 16.1%€145,563above the sector's middle half▲ 12.9%€159,976above the sector's middle half▲ 9.9%€162,064above the sector's middle half▲ 1.3%€301,138above the sector's middle half▲ 85.8%
Total assets€168,459within the sector's middle half▲ 1.6%€222,084within the sector's middle half▲ 31.8%€225,530within the sector's middle half▲ 1.6%€180,356within the sector's middle half▼ 20.0%€359,570above the sector's middle half▲ 99.4%
Debt€39,531▼ 27.8%€76,520▲ 93.6%€65,555▼ 14.3%€18,293▼ 72.1%€58,431▲ 219%
Working capital€123,765above the sector's middle half▲ 21.4%€135,522above the sector's middle half▲ 9.5%€158,427above the sector's middle half▲ 16.9%€158,876above the sector's middle half▲ 0.3%€301,138above the sector's middle half▲ 89.5%
Solvency76.5%above the sector's middle half▲ 9.6pp65.5%within the sector's middle half▼ 11.0pp70.9%above the sector's middle half▲ 5.4pp89.9%above the sector's middle half▲ 18.9pp83.7%above the sector's middle half▼ 6.1pp
Current ratio6.31above the sector's middle half▲ 1.802.94within the sector's middle half▼ 3.373.42above the sector's middle half▲ 0.489.69above the sector's middle half▲ 6.276.15above the sector's middle half▼ 3.53
Return on assets (ROA)1.7%within the sector's middle half▼ 9.1pp7.5%within the sector's middle half▲ 5.8pp6.4%within the sector's middle half▼ 1.1pp1.2%within the sector's middle half▼ 5.2pp38.7%above the sector's middle half▲ 37.5pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result and balance sheet
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €190,065 after a loss of €1,463 in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €359,570
Equity
€301,138 ▲ 85.8%
Debt
€58,431 ▲ 219%
Debt's share of the balance-sheet total rises from 10.1% to 16.3%. Equity and debt are higher.
Key figures and ratios
Key figures and ratios
EBITDA
€191,825▲
2023 · -€1,124
Cash flow
€140,835▲
2023 · €2,426
Debt to equity
0.19▲
2023 · 0.11
ROE
46.2%▲
2023 · 1.3%
Interest coverage
3202.96▲
2023 · -2.81
Debt ≤ 1 year
€58,431▲
2023 · €18,293
Income taxes
€50,930▲
2023 · €4,265
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,696 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.7%
went bankrupt
3.9%
stopped otherwise
95%
still going
For this company itself Checked computes a higher bankruptcy probability: 5.5% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 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% | 1.8% |
| 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 34,696 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.
Filed annual accounts
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €12,190 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10,872 | €3,785 | €922 | €339 | €1,760 | ▲ 420% |
| Other operating charges640/8 | - | €3,054 | €1,832 | €1,516 | €513 | ▼ 66.1% |
| Non-recurring operating charges66A | - | - | €649 | - | - | - |
| Gross operating margin9900 | €12,539 | €22,817 | €26,905 | €391 | €192,339 | ▲ 49,061% |
| Operating profit (loss)9901 | -€6,559 | €15,978 | €23,502 | -€1,463 | €190,065 | ▲ 13,093% |
| Financial income75/76B | - | €7,523 | €9,277 | €8,215 | - | - |
| Recurring financial income75 | €7,495 | €7,523 | €9,277 | €8,215 | - | - |
| Financial charges65/66B | - | €726 | €9,354 | €400 | €60 | ▼ 85.0% |
| Recurring financial charges65 | €791 | €726 | €506 | €400 | €60 | ▼ 85.0% |
| Non-recurring financial charges66B | - | - | €8,848 | - | - | - |
| Profit (loss) for the period before taxes9903 | €3,110 | €22,775 | €23,425 | €6,353 | €190,005 | ▲ 2,891% |
| Income taxes67/77 | €235 | €6,140 | €9,012 | €4,265 | €50,930 | ▲ 1,094% |
| Profit (loss) for the period9904 | €2,875 | €16,635 | €14,413 | €2,088 | €139,075 | ▲ 6,562% |
| Profit (loss) for the period to be appropriated9905 | €2,875 | €16,635 | €14,413 | €2,088 | €139,075 | ▲ 6,562% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €168,459 | €222,084 | €225,530 | €180,356 | €359,570 | ▲ 99.4% |
| Fixed assets21/28 | €21,395 | €16,599 | €1,549 | €3,187 | - | - |
| Tangible fixed assets22/27 | €21,395 | €16,599 | €1,549 | €3,187 | - | - |
| Plant, machinery and equipment23 | - | €3,119 | €1,006 | €1,006 | - | - |
| Furniture and vehicles24 | - | €13,480 | €543 | €2,181 | - | - |
| Current assets29/58 | €147,064 | €205,485 | €223,981 | €177,169 | €359,570 | ▲ 103% |
| Amounts receivable within one year40/41 | €130,899 | €202,637 | €220,445 | €166,178 | €359,568 | ▲ 116% |
| Trade receivables40 | - | €43,580 | €54,482 | - | €200,000 | - |
| Other amounts receivable41 | - | €159,056 | €165,964 | €166,178 | €159,568 | ▼ 4.0% |
| Cash at bank and in hand54/58 | €16,165 | €65 | €3,536 | €10,991 | €2 | ▼ 100.0% |
| Deferred charges and accrued income490/1 | - | €2,783 | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €168,459 | €222,084 | €225,530 | €180,356 | €359,570 | ▲ 99.4% |
| Equity10/15 | €128,928 | €145,563 | €159,976 | €162,064 | €301,138 | ▲ 85.8% |
| Contributions10/11 | - | €22,000 | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | €106,928 | €123,563 | €139,976 | €142,064 | €142,064 | = |
| Non-distributable reserves130/1 | - | - | €2,000 | €2,000 | €2,000 | = |
| Reserves not available under the articles1311 | - | - | €2,000 | €2,000 | €2,000 | = |
| Distributable reserves133 | - | €123,563 | €137,976 | €140,064 | €140,064 | = |
| Profit (loss) carried forward14 | - | - | - | - | €139,075 | - |
| Amounts payable17/49 | €39,531 | €76,520 | €65,555 | €18,293 | €58,431 | ▲ 219% |
| Amounts payable after more than one year17 | €16,232 | €6,558 | - | - | - | - |
| Financial debts170/4 | - | €6,558 | - | - | - | - |
| Amounts payable within one year42/48 | €23,299 | €69,963 | €65,555 | €18,293 | €58,431 | ▲ 219% |
| Current portion of amounts payable after more than one year42 | - | €10,409 | €6,558 | - | - | - |
| Trade debts44 | €4,831 | €51,618 | €43,010 | €4,224 | €2,947 | ▼ 30.2% |
| Suppliers440/4 | - | €51,618 | €43,010 | €4,224 | €2,947 | ▼ 30.2% |
| Taxes, remuneration and social security45 | - | €7,936 | €15,987 | €14,069 | €55,484 | ▲ 294% |
| Taxes450/3 | - | €7,936 | €15,987 | €14,069 | €55,484 | ▲ 294% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,875 | €16,635 | €14,413 | €2,088 | €139,075 | ▲ 6,562% |
| + Depreciation and write-downs630 | €10,872 | €3,785 | €922 | €339 | €1,760 | ▲ 420% |
| Operating cash flow (approximation) | €13,747 | €20,421 | €15,335 | €2,426 | €140,835 | ▲ 5,705% |
| Investment in fixed assets (approximation) | - | €1,011 | €14,128 | -€1,977 | - | - |
| Change in cash | - | -€16,101 | €3,471 | €7,455 | -€10,989 | ▼ 247% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Comparable companies
Similar companies · same sector, comparable size
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BE 0807.862.025
Waasmunster · Eq €301,684
Chape-Sol Construct
BE 0681.963.349
Sint-Pieters-Leeuw · Eq €300,155
ISOSTONE
BE 0663.770.703
Zemst · Eq €299,875
LIKAU
BE 0476.109.949
Sint-Gillis (bij-Brussel) · Eq €299,511
Of 4,265 companies in this sector we hold annual accounts for 1,241. 886 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Timeline
18 eventsLatest 13-07-2026
History
Acts, filings and financial milestones
2026
13-07
KBO administration
Address struck
Brusselsesteenweg 18 L’adresse du siège Brusselsesteenweg 18 Die Sitzadresse Brusselsesteenweg 18 1730
1730 Asse werd doorgehaald met ingang van 1730 Asse · event 12-05-2026
2025
08-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
17-01
KBO administration
Address struck
Da Vincilaan 1 1930 Die Sitzadresse Da Vincilaan 1 1930
Zaventem · event 17-10-2024
2024
31-12
Financial
Highest result since 2018net €139,075 ▲6,562%
Operating result €190,065, net result €139,075, both a record.
31-12
Financial
Equity above €200,000Eq €301,138 ▲85.8%
7 profitable years in a row build equity to €301,138.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Weakest financial yearnet €2,088 ▼85.5%
Net result drops to €2,088, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity triplescurrent ratio 9.69
Current ratio from 3.42 to 9.69; short-term debt falls from €65,555 to €18,293.
17-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 17 days late
2022
31-12
Financial
Equity above €150,000Eq €159,976 ▲9.9%
5 profitable years in a row build equity to €159,976.
02-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 94 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
Show earlier events
2020
21-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 82 days late
2019
31-12
Financial
Equity above €100,000Eq €111,053 ▲19.3%
2 profitable years in a row build equity to €111,053.
18-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 49 days late
2018
19-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 50 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 29 days late
2016
28-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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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Company details
Private limited company (pre-2019) · founded 25-03-2010Year ends 31-12Peppol not found1 site
Register details
Identification
Legal formPrivate limited company (pre-2019)
Founded25-03-2010
Fiscal year end31-12
Activities, NACEBEL 2025
43230Insulation installation
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
What can you do?
Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.
If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance
If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Sites & property
Location & real-estate footprint
Registered office, Asse · 1 establishment unit since 2010
Ground area
369 m²
Building footprint
167 m²
Volume, LiDAR
876 m³
Parcel 23322E0103/00N000, Flanders · tallest building 10.1 m, ±1 floor. Linked by address, not a title deed.
59
companies at this address
See who is registered here
1 establishment unit
Isovent
since 2010unit no. 2.187.126.801
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23322E0103/00N000 | Flanders | 369 m² | 1 · 167 m² | 10.1 m · 1 fl. |
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.
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark
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