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REMOVE INSUL

Active
Public limited companyfounded 199431 yrs activeHavinkbeekstraat(VER) 9, 9130 Beveren-Kruibeke-Zwijndrecht, BelgiumKBO/BCE: BE 0453.507.860

REMOVE INSUL has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €882k and a net result of €-14k. Equity is growing by ~7.8% per year across the filed fiscal years. Its solvency ranks better than 82% of 2036 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).

Checked score

Score 2025
67 / 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability13▼-57
Solvency96▼-1
Growth41▼-3
Track record100
Bankruptcy probability, 12 months
0.7% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €55k at 30 days acceptable
Liquidity ample (current ratio 3.39 against 3.73 in 2024; short-term debt: 28.2% of total assets), and 29.4% of the assets are financed with debt.
Credit advice for your own amount and term

Signals

Eight signals. The signal on the left, the evidence on the right.
lowers risk+raises riskneutral
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 · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
elevated failure risk from 2 to 8 years 31 years 0 40 y
raises risk · Multiple establishment units
Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.
KBO · establishment units
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
70.6%
Return on assets
-1.1%
Age of the figures
13 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-08-2025 was due by 31-03-2026 and was filed on 05-02-2026, 54 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
54 d early
2024
19 d early
2023
40 d early
2022
7 d early
2021
48 d early
2020
37 d early
2019
28 d early
← before the deadline after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-08-2026 and is due by 31-03-2027. Nothing is late today.
Companies Code · seven months
Position in the running window
31-08-2026 close19-09-2026 today31-03-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

Financials · fiscal year 2025, full schema

Turnover
€1.13M▼ 19.9%
2024 · €1.42M
2019: €1.54M 2020: €1.12M 2021: €1.35M 2022: €1.27M 2023: €1.50M 2024: €1.42M
2019 → 2025
EBIT margin
-4.3%▼ 11.8pp
2024 · 7.5%
2019: 5.7% 2020: 0.2% 2021: 12.4% 2022: 5.7% 2023: 1.0% 2024: 7.5%
2019 → 2025
Net result
€-14k
2024 · €105k
2019: €109k 2020: €4k 2021: €129k 2022: €53k 2023: €26k 2024: €105k
2019 → 2025
Working capital
€842k▼ 5.7%
2024 · €893k
2019: €67k 2020: €-39k 2021: €99k 2022: €845k 2023: €797k 2024: €893k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise ▼ fall
Line20212022202320242025Trend
Turnover€1.35M-€1.27M▼ 5.9%€1.50M▲ 17.7%€1.42M▼ 5.3%€1.13M▼ 19.9%
Equity€711k-€764k▲ 7.4%€790k▲ 3.4%€896k▲ 13.3%€882k▼ 1.5%
Operating result€167k-€73k▼ 56.5%€14k▼ 80.1%€106k▲ 633%€-49k
Net result€129k-€53k▼ 59.0%€26k▼ 50.6%€105k▲ 303%€-14k
Result per fiscal year
Operating resultNet result
€-100k€0€100k€200kOperating result 2021: €167k€167kNet result 2021: €129k€129kOperating result 2022: €73k€73kNet result 2022: €53k€53kOperating result 2023: €14k€14kNet result 2023: €26k€26kOperating result 2024: €106k€106kNet result 2024: €105k€105kOperating result 2025: €-49k€-49kNet result 2025: €-14k€-14k20212022202320242025
The operating result turns negative in 2025: a loss of €49k after €106k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.25M
Fixed assets €55k▲ 206%
Current assets €1.19M▼ 2.1%
Equity and liabilities €1.25M
Equity €882k▼ 1.5%
Debt €367k▲ 7.2%
The debt ratio rises from 27.7% to 29.4%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€-41k
2024 · €111k
Cash flow
€-6k
2024 · €110k
Solvency
70.6%
2024 · 72.3%
Current ratio
3.39
2024 · 3.73
Quick ratio
3.16
2024 · 3.48
Debt / equity
0.42
2024 · 0.38
ROE
-1.5%
2024 · 11.8%
ROA
-1.1%
2024 · 8.5%
Interest coverage
-126.24
2024 · 99.23
Debt
€367k
2024 · €343k
Debt ≤ 1 year
€352k
2024 · €328k
Income taxes
€225
2024 · €36k
Staff costs
€321k
2024 · €311k
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€1.24M€1.25M
Fixed assets21/28€18k€55k
Intangible fixed assets21€11k€14k
Tangible fixed assets22/27€2k€37k
Plant, machinery and equipment23€2k€37k
Financial fixed assets28€4k€4k=
Other financial fixed assets284/8€4k€4k=
Amounts receivable and cash guarantees285/8€4k€4k=
Current assets29/58€1.22M€1.19M
Stocks and contracts in progress3€82k€82k
Stocks30/36€82k€82k
Raw materials and consumables30/31€16k€15k
Goods purchased for resale34€66k€66k
Amounts receivable within one year40/41€1.08M€1.04M
Trade receivables40€153k€265k
Other amounts receivable41€928k€779k
Deferred charges and accrued income490/1€58k€69k
Equity and liabilities
Total equity and liabilities10/49€1.24M€1.25M
Equity10/15€896k€882k
Contributions10/11€312k€312k=
Capital10€312k€312k=
Issued capital100€312k€312k=
Reserves13€31k€31k=
Non-distributable reserves130/1€31k€31k=
Legal reserve130€31k€31k=
Profit (loss) carried forward14€553k€539k
Amounts payable17/49€343k€367k
Amounts payable within one year42/48€328k€352k
Trade debts44€230k€282k
Suppliers440/4€230k€282k
Taxes, remuneration and social security45€97k€70k
Taxes450/3€36k€7k
Remuneration and social security454/9€61k€63k
Accrued charges and deferred income492/3€15k€15k=
Income statement Code20242025
Operating income70/76A€1.42M€1.14M
Turnover70€1.42M€1.13M
Other operating income74€485€2k
Operating charges60/66A€1.31M€1.19M
Goods for resale, raw materials and consumables60€663k€578k
Purchases600/8€661k€580k
Change in stocks: decrease (increase)609€1k€-2k
Services and other goods61€332k€270k
Remuneration, social security and pensions62€311k€321k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€8k
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-8k€2k
Other operating charges640/8€8k€6k
Operating profit (loss)9901€106k€-49k
Financial income75/76B€36k€37k
Recurring financial income75€36k€37k
Income from current assets751€36k€37k
Other financial income752/9€2€19
Financial charges65/66B€1k€1k
Recurring financial charges65€1k€1k
Debt charges650-€328
Other financial charges652/9€1k€1k
Profit (loss) for the period before taxes9903€141k€-13k
Income taxes67/77€36k€225
Taxes670/3€37k€225
Tax adjustments and reversals of tax provisions77€1k-
Profit (loss) for the period9904€105k€-14k
Profit (loss) for the period to be appropriated9905€105k€-14k
Appropriation of the result
Profit (loss) to be appropriated9906€553k€539k
Profit (loss) brought forward from the previous period14P€447k€553k
Social balance
Average headcount (FTE)908710.07.5

The notes to these accounts (39 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-03-2027
2026
12-02
State Gazette act Registered office · Statutes amendment
General meeting · Registered-office move · Statutes amendment5 facts ▸
  • General meeting, 2026-01-27
  • Registered-office move, 9130 Verrebroek, Havinkbeekstraat 9
  • Statutes amendment
  • Corporate purpose, De vennootschap heeft tot voorwerp, zowel in België als in het buitenland, voor eigen rekening als voor rekening van derden, alleen, in samenwerking of in medew…
  • Capital, €312.000
05-02
NBB filing Annual accounts filed
fiscal year 2025 · full schema
2025
31-08
Financial Weakest financial yearnet €-14k ▼113%
Net result drops to €-14k, the lowest in the series.
12-03
NBB filing Annual accounts filed
fiscal year 2024 · full schema
2024
20-02
NBB filing Annual accounts filed
fiscal year 2023 · full schema
2023
25-10
State Gazette act Resignations & appointments
Board meeting · Power of attorney9 facts ▸
  • Board meeting
  • Power of attorney, Raf De Cort
  • Power of attorney, Patrick Janssens
  • Power of attorney, Geert Killemaes
  • Power of attorney, Steven Beyers
  • Power of attorney, Patrick Breyne
  • Power of attorney, Myniam Daenen
  • Power of attorney, AIA (Altrad Investment Authority)
  • Power of attorney, Heidi Demeuter
24-03
NBB filing Annual accounts filed
fiscal year 2022 · full schema
2022
27-09
State Gazette act Resignations & appointments
General meeting · Director resignation · Director discharge18 facts ▸
  • General meeting, 2022-08-17
  • Director resignation, Maeco Solutions BV (bestuurder)
  • Director discharge, Maeco Solutions BV
  • Director appointment, @BPF BV (bestuurder)
  • Permanent representative, Geert Killemaes
  • Mandate compensation, @BPF BV
  • Board composition, bestuurder, 2022-07-14
  • Permanent representative, Patrick Breyne
  • Power of attorney, Johan Lagae
  • Power of attorney, Els Bruls
  • Board meeting, 2022-08-17
  • Director resignation, Maeco Solutions BV (gedelegeerd bestuurder)
  • +6 further facts in this act
31-08
Financial Liquidity triplescurrent ratio 3.36
Current ratio from 1.28 to 3.36; short-term debt falls from €358k to €358k.
15-06
State Gazette act Resignations & appointments
General meeting · Auditor reappointment · Permanent representative8 facts ▸
  • General meeting, 2021-06-25
  • Auditor reappointment, commissaris, tot de Algemene Vergadering die de jaarrekening goedkeurt voor het boekjaar dat zal afsluiten op 31 augustus 2023
  • Permanent representative, Patrick Rottiers
  • General meeting, 2022-04-30
  • Director resignation, EY Bedrijfsrevisoren BV (commissaris)
  • Director appointment, Grant Thornton bedrijfsrevisoren (commissaris)
  • Permanent representative, Elie Janssens
  • Power of attorney, Loyens en Loeff CVBA
11-02
NBB filing Annual accounts filed
fiscal year 2021 · full schema
2021
31-08
Financial Highest result since 2019net €129k ▲3215%
Operating result €167k, net result €129k, both a record.
22-02
NBB filing Annual accounts filed
fiscal year 2020 · full schema
2020
26-11
State Gazette act Resignations & appointments
General meeting · Director resignation · Director appointment15 facts ▸
  • General meeting, 2020-09-16
  • Director resignation, Louis Huetz (bestuurder)
  • Director resignation, Jan De Swert (bestuurder)
  • Director appointment, ANFI Services BV (bestuurder)
  • Director appointment, Maeco Solutions BV (bestuurder)
  • Permanent representative, Patrick Breyne
  • Permanent representative, Jan De Swert
  • Board composition, bestuurder, 2020-09-16
  • Board composition, bestuurder, 2020-09-16
  • Mandate compensation, ANFI Services BV
  • Mandate compensation, Maeco Solutions BV
  • Board meeting, 2020-09-16
  • +3 further facts in this act
03-03
NBB filing Annual accounts filed
fiscal year 2019 · full schema
2019
05-02
NBB filing Annual accounts filed
fiscal year 2018 · full schema
31-01
State Gazette act Resignations & appointments
General meeting · Auditor reappointment2 facts ▸
  • General meeting, 2018-02
  • Auditor reappointment, 3 years, 2021
2018
24-09
State Gazette act Resignations & appointments
General meeting · Director resignation · Director appointment6 facts ▸
  • General meeting, 2018-08-31
  • Director resignation, Jagico BVBA (bestuurder)
  • Director appointment, Jan De Swert (bestuurder)
  • Mandate compensation, Jan De Swert
  • Board composition, bestuurder, 2018-08-31
  • Board composition, bestuurder, 2018-08-31
26-02
NBB filing Annual accounts filed
fiscal year 2017 · full schema
2017
23-02
NBB filing Annual accounts filed
fiscal year 2016 · full schema
2016
11-01
State Gazette act Resignations & appointments
General meeting · Director resignation · Director appointment10 facts ▸
  • General meeting, 2015-12-09
  • Director resignation, Hugo Loudon (bestuurder)
  • Director appointment, Louis Huetz (bestuurder)
  • Mandate compensation, Louis Huetz
  • Board composition, bestuurder, 2015-12-09
  • Board composition, bestuurder, 2015-12-09
  • Permanent representative, Jan Vanderstraeten
  • Board meeting, 2015-12-09
  • Director appointment, Louis Huetz (gedelegeerd bestuurder)
  • Mandate compensation, Louis Huetz
2015
26-10
State Gazette act Resignations & appointments
General meeting · Director resignation · Director appointment10 facts ▸
  • General meeting, 2015-09-03
  • Director resignation, Portier M&C BVBA (bestuurder)
  • General meeting, 2015-09-03
  • Director appointment, Jagico BVBA (bestuurder)
  • Mandate compensation, Jagico BVBA
  • Board composition, bestuurder, 2015-09-03
  • Board composition, bestuurder, 2015-09-03
  • Permanent representative, Jan Vanderstraeten
  • Board meeting, 2015-09-03
  • Director resignation, Portier M&C BVBA (gedelegeerd bestuurder)
30-09
State Gazette act Statutes amendment
General meeting · Statutes amendment4 facts ▸
  • General meeting, 2015-08-28
  • Statutes amendment, 24
  • Statutes amendment, 18
  • Statutes amendment, 6, 21
15-09
State Gazette act Resignations & appointments
General meeting · Director resignation · Permanent representative5 facts ▸
  • General meeting, 2015-08-24
  • Director resignation, PricewaterhouseCoopers Bedrijfsrevisoren BV CVBA (commissaris)
  • Permanent representative, Peter Van den Eynde
  • Director appointment, Ernst & Young Bedrijfsrevisoren BV CVBA (commissaris)
  • Permanent representative, Patrick Rottiers
04-03
State Gazette act Resignations & appointments
Board meeting · Power of attorney · Mandate compensation3 facts ▸
  • Board meeting, 2015-01-15
  • Power of attorney, Raf de Cort
  • Mandate compensation, Raf de Cort
2014
24-10
State Gazette act Resignations & appointments
General meeting · Director resignation · Auditor appointment4 facts ▸
  • General meeting, 2014-09-30
  • Director resignation, Ernst & Young Bedrijfsrevisoren BV CVBA (commissaris)
  • Auditor appointment, PricewaterhouseCoopers Bedrijfsrevisoren BV CVBA (commissaris)
  • Permanent representative, Peter Van den Eynde
30-04
State Gazette act Capital & shares · Miscellaneous
Share consolidation1 fact ▸
  • Share consolidation, verklaring dat alle aandelen in één hand verenigd zijn geweest
08-04
State Gazette act Resignations & appointments
General meeting · Director resignation · Director appointment8 facts ▸
  • General meeting, 2014-03-03
  • Director resignation, Filip de Graeve (bestuurder)
  • Director appointment, Hugo Loudon (bestuurder)
  • Mandate compensation, Hugo Loudon
  • Board composition, bestuurder, 2014-03-01
  • Permanent representative, Dirk Portier
  • Board meeting, 2014-03-03
  • Power of attorney, Remove Insul
21-01
State Gazette act Resignations & appointments
Board meeting · Director resignation · Director appointment6 facts ▸
  • Board meeting, 2013-09-16
  • Director resignation, Filip de Grave (gedelegeerd bestuurder)
  • Director appointment, Portier M&C B.V.B.A. (gedelegeerd bestuurder)
  • Permanent representative, Dirk Portier
  • Mandate compensation, Portier M&C B.V.B.A.
  • Mandate condition, mandaat van gedelegeerd bestuurder uitoefenen zolang het mandaat van bestuurder uitoefent, behoudens indien de raad van bestuur daarover anders zou beslissen
2013
13-12
State Gazette act Resignations & appointments
General meeting · Director resignation · Director appointment8 facts ▸
  • General meeting, 2013-09-16
  • Director resignation, Hertel Services NV (bestuurder)
  • Director appointment, Portier M&C B.V.B.A. (bestuurder)
  • Permanent representative, Dirk Portier
  • Mandate compensation, Portier M&C B.V.B.A.
  • Board composition, bestuurder, 2013-09-16
  • Board composition, bestuurder, 2013-09-16
  • Power of attorney, Remove Insul
2012
27-07
State Gazette act Resignations & appointments
General meeting · Auditor reappointment2 facts ▸
  • General meeting, 2012-06-05
  • Auditor reappointment, commissaris, 3 years
2010
09-06
State Gazette act Resignations & appointments
Board meeting · Power of attorney2 facts ▸
  • Board meeting, 2010-04-20
  • Power of attorney, Marc Ruys
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors
14 directors, no change since 2022
BPF BV
Director · since 14-07-2022 · Legal entity · perm. rep.: Geert Killemaes
Current
DANFI Services BV
Managing director · since 14-07-2022 · Legal entity · perm. rep.: Patrick Breyne
Current
ANFI Services BV
Director · since 16-09-2020 · Legal entity · perm. rep.: Patrick Breyne
Current
JAGICO
Director · since 03-09-2015 · Private limited company · perm. rep.: Jan Vanderstraeten
Not recently confirmed
Portier M&C B.V.B.A.
Director · since 16-09-2013 · Legal entity · perm. rep.: Dirk Portier
Not recently confirmed
14-07-2022 BPF BV: Appointed as Director
14-07-2022 DANFI Services BV: Appointed as Managing director
14-07-2022 Maeco Solutions BV: Resigned as Director
14-07-2022 Maeco Solutions BV: Resigned as Managing director
16-09-2020 ANFI Services BV: Appointed as Director
16-09-2020 Maeco Solutions BV: Appointed as Managing director
16-09-2020 Maeco Solutions BV: Appointed as Director
16-09-2020 Jan De Swert: Resigned as Director
16-09-2020 Louis Huetz: Resigned as Director
16-09-2020 Louis Huetz: Resigned as Managing director
31-08-2018 Jan De Swert: Appointed as Director
31-08-2018 Jagico BVBA: Resigned as Director
09-12-2015 Louis Huetz: Appointed as Director
09-12-2015 Louis Huetz: Appointed as Managing director
09-12-2015 Hugo Loudon: Resigned as Director
03-09-2015 JAGICO: Appointed as Director
02-09-2015 Portier M&C BVBA: Resigned as Director
02-09-2015 Portier M&C BVBA: Resigned as Managing director
01-03-2014 Hugo Loudon: Appointed as Director
01-03-2014 Filip de Graeve: Resigned as Director
10-01-2014 Filip de Grave: Resigned as Managing director
16-09-2013 Portier M&C B.V.B.A.: Appointed as Director
16-09-2013 Portier M&C B.V.B.A.: Appointed as Managing director
16-09-2013 Hertel Services NV: Resigned as Director
Location & real-estate footprint
Registered office, Beveren-Kruibeke-Zwijndrecht · 2 establishment units since 1994
establishment All 2 establishment units on the map
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.

Havinkbeekstraat(VER) 99130 Beveren-Kruibeke-Zwijndrecht
Ground area
6.6 ha
Building footprint
1.4 ha
Volume, LiDAR
76,793 m³
3 parcels, Flanders · tallest building 10.9 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
REMOVE INSUL INDUSTRIAL SERVICES - RONSE
Klein Frankrijkstraat 36/0003, 9600 RonseNACE 17530
since 19942.068.897.261
Remove Insul Industrial Services
Bijkhoevelaan 14, 2110 WijnegemNACE 17530
since 20042.137.013.037
3 parcels
Flanders 3 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
46027B0149/00B000 Flanders 3.6 ha 1 · 712 m² -
45422C1140/00H000 Flanders 2.0 ha 1 · 1.3 ha 10.8 m · 2 fl.
11050A0062/00Y003 Flanders 1.0 ha 1 · 621 m² 5.2 m · 1 fl.
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 2
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Statutory auditor

6 auditors
Grant Thornton bedrijfsrevisorenCurrent
Statutory auditor · represented by Elie Janssens
30-04-2022 → present
Show 5 earlier auditors
Ernst & Young Bedrijfsrevisoren
Statutory auditor
succeeded by Ernst & Young Bedrijfsrevisoren BV CVBA in 2015
05-06-2012 → 24-08-2015
Ernst & Young Bedrijfsrevisoren BV CVBA
Statutory auditor · represented by Patrick Rottiers
succeeded by Ernst en Young Bedrijfsrevisoren BVCBA in 2019
24-08-2015 → 31-01-2019
Ernst en Young Bedrijfsrevisoren BVCBA
Auditor
succeeded by Grant Thornton bedrijfsrevisoren in 2022
31-01-2019 → 30-04-2022
EY Bedrijfsrevisoren BV
Statutory auditor · represented by Patrick Rottiers
31-08-2021 → 30-04-2022
PricewaterhouseCoopers Bedrijfsrevisoren BV CVBA
Statutory auditor
30-09-2014 → 24-08-2015

Structure & network

Connections & network

1 connected company
Network connections

Ownership & control

1 party
Control over this companysits on this company's board1
1 subsidiary · 1 location
controls
REMOVE INSULBE 0453.507.860

Similar companies · same sector, comparable size

Of 4,267 companies in sector 43230 we hold annual accounts for 1,240. 549 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification
Legal formPublic limited company
Founded23-09-1994
Fiscal year end31-08
Activities, NACEBEL
13960Manufacture of textiles
43230Insulation installation
43291Specialised construction activities
43990Other specialised construction activities
43999Specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 30 filingsAddress and cadastre registers

Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.