NACA ISOLATION
ActiveSummary
The computed 12-month bankruptcy probability of NACA ISOLATION is 3.5% (moderate). The 2025 annual accounts show equity of €190,097 and a net result of €137,147. Equity is growing by ~114% per year across the filed fiscal years. Its solvency ranks better than 68% of 28254 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency89▲+19
Growth78=
Track record94
Bankruptcy probability, 12 months
3.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €14,000 at 30 days acceptable
Liquidity ample (current ratio 2.75 against 1.82 in 2024; short-term debt: 36.3% and cash: 79.1% of total assets), and 36.3% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← 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
63.7%
Return on assets
45.9%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 06-09-2026, 37 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 4 filingsDeviation from the deadline
2025
37 d late
2024
38 d late
2023
29 d late
2022
31 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 34 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 3 September (4 of the last 4 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€190,097▲ 104%
2024 · €93,194
Total assets
€298,550▲ 44.2%
2024 · €207,020
Net result
€137,147▲ 91.8%
2024 · €71,498
Working capital
€189,742▲ 104%
2024 · €92,839
Trend over the years
Click a name to add, emphasise or remove a line.Band: 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.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2022202320242025
Operating result€43,720-€83,589▲ 91.2%€105,231▲ 25.9%€170,003▲ 61.6%
Net result€35,386above the sector's middle half-€62,864above the sector's middle half▲ 77.7%€71,498above the sector's middle half▲ 13.7%€137,147above the sector's middle half▲ 91.8%
Equity€16,815below the sector's middle half-€51,107within the sector's middle half▲ 204%€93,194within the sector's middle half▲ 82.3%€190,097above the sector's middle half▲ 104%
Total assets€69,260within the sector's middle half-€129,930within the sector's middle half▲ 87.6%€207,020within the sector's middle half▲ 59.3%€298,550within the sector's middle half▲ 44.2%
Debt€52,445-€78,822▲ 50.3%€113,826▲ 44.4%€108,453▼ 4.7%
Working capital€16,460within the sector's middle half-€50,752within the sector's middle half▲ 208%€92,839above the sector's middle half▲ 82.9%€189,742above the sector's middle half▲ 104%
Solvency24.3%within the sector's middle half-39.3%within the sector's middle half▲ 15.1pp45.0%within the sector's middle half▲ 5.7pp63.7%within the sector's middle half▲ 18.7pp
Current ratio1.31within the sector's middle half-1.64within the sector's middle half▲ 0.331.82within the sector's middle half▲ 0.172.75within the sector's middle half▲ 0.93
Return on assets (ROA)51.1%above the sector's middle half-48.4%above the sector's middle half▼ 2.7pp34.5%above the sector's middle half▼ 13.8pp45.9%above the sector's middle half▲ 11.4pp
Staff (FTE)0.4-1.9
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 micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen three years in a row; 2025 is 62% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €298,550
Fixed assets
€355 =
Current assets
€298,195 ▲ 44.3%
Equity and liabilities €298,550
Equity
€190,097 ▲ 104%
Debt
€108,453 ▼ 4.7%
Debt's share of the balance-sheet total falls from 55.0% to 36.3%. Equity is higher and debt is lower.
Key figures and ratios
Debt to equity
0.57▼
2024 · 1.22
ROE
72.1%▼
2024 · 76.7%
Debt ≤ 1 year
€108,453▼
2024 · €113,826
Income taxes
€32,427▼
2024 · €33,658
Staff costs
€88,026▲
2024 · €46,627
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 39,276 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 3.5% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 39,276 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.
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €19,030 | €51,078 | €46,627 | €88,026 | ▲ 88.8% |
| Other operating charges640/8 | - | - | - | €400 | - |
| Gross operating margin9900 | €62,750 | €134,667 | €151,858 | €258,429 | ▲ 70.2% |
| Operating profit (loss)9901 | €43,720 | €83,589 | €105,231 | €170,003 | ▲ 61.6% |
| Financial income75/76B | €690 | €585 | €136 | €133 | ▼ 2.6% |
| Recurring financial income75 | €690 | €585 | €136 | €133 | ▼ 2.6% |
| Financial charges65/66B | €16 | €43 | €211 | €562 | ▲ 166% |
| Recurring financial charges65 | €16 | €43 | €211 | €562 | ▲ 166% |
| Profit (loss) for the period before taxes9903 | €44,394 | €84,131 | €105,157 | €169,575 | ▲ 61.3% |
| Income taxes67/77 | €9,008 | €21,267 | €33,658 | €32,427 | ▼ 3.7% |
| Profit (loss) for the period9904 | €35,386 | €62,864 | €71,498 | €137,147 | ▲ 91.8% |
| Profit (loss) for the period to be appropriated9905 | €35,386 | €62,864 | €71,498 | €137,147 | ▲ 91.8% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €69,260 | €129,930 | €207,020 | €298,550 | ▲ 44.2% |
| Fixed assets21/28 | €355 | €355 | €355 | €355 | = |
| Financial fixed assets28 | €355 | €355 | €355 | €355 | = |
| Current assets29/58 | €68,905 | €129,575 | €206,665 | €298,195 | ▲ 44.3% |
| Amounts receivable within one year40/41 | €45,352 | €51,232 | €37,698 | €56,276 | ▲ 49.3% |
| Trade receivables40 | €35,636 | €39,863 | €23,156 | €42,899 | ▲ 85.3% |
| Other amounts receivable41 | €9,716 | €11,369 | €14,542 | €13,377 | ▼ 8.0% |
| Cash at bank and in hand54/58 | €23,553 | €78,343 | €168,967 | €236,287 | ▲ 39.8% |
| Deferred charges and accrued income490/1 | - | - | - | €5,632 | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €69,260 | €129,930 | €207,020 | €298,550 | ▲ 44.2% |
| Equity10/15 | €16,815 | €51,107 | €93,194 | €190,097 | ▲ 104% |
| Contributions10/11 | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Profit (loss) carried forward14 | €6,815 | €41,107 | €83,194 | €180,097 | ▲ 116% |
| Amounts payable17/49 | €52,445 | €78,822 | €113,826 | €108,453 | ▼ 4.7% |
| Amounts payable within one year42/48 | €52,445 | €78,822 | €113,826 | €108,453 | ▼ 4.7% |
| Trade debts44 | €12,851 | €8,643 | €25,743 | €45,736 | ▲ 77.7% |
| Suppliers440/4 | €12,851 | €8,643 | €25,743 | €45,736 | ▲ 77.7% |
| Taxes, remuneration and social security45 | €37,580 | €49,448 | €63,046 | €28,558 | ▼ 54.7% |
| Taxes450/3 | €17,580 | €40,182 | €59,337 | €26,897 | ▼ 54.7% |
| Remuneration and social security454/9 | €20,000 | €9,266 | €3,709 | €1,661 | ▼ 55.2% |
| Other amounts payable47/48 | €2,015 | €20,731 | €25,037 | €34,159 | ▲ 36.4% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €35,386 | €62,864 | €71,498 | €137,147 | ▲ 91.8% |
| Operating cash flow (approximation) | €35,386 | €62,864 | €71,498 | €137,147 | ▲ 91.8% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | - |
| Change in cash | - | €54,790 | €90,624 | €67,320 | ▼ 25.7% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
06-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 37 days late
2025
31-12
Financial
Highest result since 2022net €137,147 ▲91.8%
Operating result €170,003, net result €137,147, both a record.
31-12
Financial
Equity above €150,000Eq €190,097 ▲104%
4 profitable years in a row build equity to €190,097.
07-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 38 days late
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Sint-Jans-Molenbeek · 1 establishment unit since 2022
Ground area
2,241 m²
Building footprint
535 m²
Volume, LiDAR
7,208 m³
Parcel 21524C0162/00H000, Brussels · tallest building 20.0 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
Goede Herderstraat 11, 1080 Sint-Jans-Molenbeek
since 20222.331.484.575
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21524C0162/00H000 | Brussels | 2,241 m² | 1 · 535 m² | 20.0 m · 5 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.
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Of 4,269 companies in sector 43230 we hold annual accounts for 1,241. 994 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded11-05-2022
Fiscal year end31-12
Activities, NACEBEL 2025
43230Insulation installation
43120Site preparation
43350Other building finishing work
81210General cleaning of buildings
81220Other building cleaning and industrial cleaning
82990Other business support services
Contact
E-mail
naso.michopoulos@gmail.com
E-invoicing
Reachable via Peppol
Peppol ID
0208:0785936362
Registered
24-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.