PMC ISOLATION
Open bankruptcyA bankruptcy procedure is open for PMC ISOLATION according to publications in the Belgian State Gazette; curator: NICOLAS CHEVALIER. The 2021 annual accounts show equity of €57k and a net result of €24k.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 31-08-2022, 31 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
31 d late
2020
15 d early
2019
91 d late
← before the deadline
after the deadline →
Financials · fiscal year 2021, micro schema
Equity
€57k▲ 74.0%
2020 · €33k
2018: €25k
2019: €27k
2020: €33k
2018 → 2021
Total assets
€186k▼ 19.9%
2020 · €233k
2018: €238k
2019: €305k
2020: €233k
2018 → 2021
Net result
€24k▲ 331%
2020 · €6k
2018: €-2k
2019: €3k
2020: €6k
2018 → 2021
Working capital
€46k▲ 116%
2020 · €21k
2018: €44k
2019: €63k
2020: €21k
2018 → 2021
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2018201920202021Trend
Equity€25k-€27k▲ 10.4%€33k▲ 20.7%€57k▲ 74.0%
Operating result€4k-€9k▲ 101%€8k▼ 1.5%€33k▲ 294%
Net result€-2k-€3k€6k▲ 119%€24k▲ 331%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2021; 2021 is 294% above 2020 and is the highest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €186k
Fixed assets
€11k▼ 3.4%
Current assets
€175k▼ 20.7%
Equity and liabilities €186k
Equity
€57k▲ 74.0%
Debt
€129k▼ 35.3%
The debt ratio falls from 85.9% to 69.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€39k▲
2020 · €32k
Cash flow
€30k▲
2020 · €29k
Solvency
30.6%▲
2020 · 14.1%
Current ratio
1.36▲
2020 · 1.11
Quick ratio
1.23▲
2020 · 0.97
Debt / equity
2.26
ROE
42.5%▲
2020 · 17.2%
ROA
13.0%▲
2020 · 2.4%
Interest coverage
139.41
Debt
€129k▼
2020 · €200k
Debt ≤ 1 year
€129k▼
2020 · €200k
Income taxes
€9k▲
2020 · €2k
Staff costs
€150k
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 · 2021 against 2020
Balance sheet
Code20202021
Assets
Total assets20/58€233k€186k▼
Fixed assets21/28€12k€11k▼
Tangible fixed assets22/27€12k€11k▼
Plant, machinery and equipment23-€9k
Furniture and vehicles24-€2k
Current assets29/58€221k€175k▼
Stocks and contracts in progress3€27k€17k▼
Stocks30/36-€17k
Amounts receivable within one year40/41€149k€125k▼
Trade receivables40-€110k
Other amounts receivable41-€15k
Cash at bank and in hand54/58€45k€33k▼
Equity and liabilities
Total equity and liabilities10/49€233k€186k▼
Equity10/15€33k€57k▲
Contributions10/11-€20k
Reserves13€1k€1k=
Non-distributable reserves130/1-€1k
Reserves not available under the articles1311-€1k
Profit (loss) carried forward14€12k€36k▲
Amounts payable17/49€200k€129k▼
Amounts payable within one year42/48€200k€129k▼
Trade debts44€32k€24k▼
Suppliers440/4-€24k
Taxes, remuneration and social security45-€14k
Taxes450/3-€12k
Remuneration and social security454/9-€2k
Other amounts payable47/48-€91k
Income statement
Code20202021
Remuneration, social security and pensions62-€150k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€23k€6k▼
Other operating charges640/8-€30
Gross operating margin9900€167k€189k▲
Operating profit (loss)9901€8k€33k▲
Financial income75/76B-€914
Recurring financial income75-€914
Financial charges65/66B-€281
Recurring financial charges65€333€281▼
Profit (loss) for the period before taxes9903€8k€34k▲
Income taxes67/77€2k€9k▲
Profit (loss) for the period9904€6k€24k▲
Profit (loss) for the period to be appropriated9905€6k€24k▲
Appropriation of the result
Profit (loss) to be appropriated9906-€36k
Profit (loss) brought forward from the previous period14P-€12k
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2023
02-01
Bankruptcy
Opening
Tribunal de l’entreprise du Hainaut, division Tournai · PMC ISOLATION SPRL RUE DU MARAIS 5F/1, 7620 HOLLAIN · event 20-12-2022
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Highest result since 2018net €24k ▲331%
Operating result €33k, net result €24k, both a record.
16-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
2019
31-12
Financial
Back to profitnet €3k
Net result €3k after one loss-making year.
21-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 21 days late
2018
16-11
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 108 days late
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 60 days late
2016
30-09
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 61 days late
2015
19-11
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 111 days late
2014
28-08
NBB filing
Annual accounts filed
fiscal year 2013 · full schema · 28 days late
2013
26-08
NBB filing
Annual accounts filed
fiscal year 2012 · full schema · 26 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Brunehaut · 1 establishment unit since 2011
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 du Marais(HOL) 5F7620 BrunehautGround area
6,653 m²
Building footprint
2,263 m²
Parcel 57039B0422/00K004, Wallonia. Linked by address, not a title deed.
1 establishment unit
PMC ISOLATION
since 20112.196.203.229
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 57039B0422/00K004 | Wallonia | 6,653 m² | 1 · 2,262 m² | - |
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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | NICOLAS CHEVALIER RUE DU SONDART 21,
7500 TOURNAI- .
Date provisoire de cessation de paiement : 20/12/2022 |
20-12-2022 → present |
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Of 4,270 companies in sector 43230 we hold annual accounts for 1,240. 1,036 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded25-01-2011
Fiscal year end31-12
Activities, NACEBEL
43230Insulation installation
43291Specialised construction activities
47529Retail trade
Sources
Crossroads Bank for EnterprisesNational Bank · 11 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.