H&M ISOL
Open bankruptcyA bankruptcy procedure is open for H&M ISOL according to publications in the Belgian State Gazette; curator: MARC GILSON.
Summary
The 2023 annual accounts show negative equity (€-12k) and a net result of €-15k.
Signals
Three 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 31-12-2023 was due by 31-07-2024 and was filed on 02-10-2024, 63 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 · 2 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
63 d late
2022
53 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2023, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-15k
2022 · €1k
2022: €1k
2022 → 2023
Working capital
€-108k▼ 700%
2022 · €-13k
2022: €-13k
2022 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20222023Trend
Equity€3k-€-12k
Operating result€9k-€4k▼ 55.3%
Net result€1k-€-15k
Result per fiscal year
Operating resultNet result
The operating result falls in 2023; 2023 is 55% below 2022.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €256k
Fixed assets
€128k ▲ 94.0%
Current assets
€128k ▲ 313%
Key figures and ratios
EBITDA
€19k▼
2022 · €26k
Cash flow
€328▼
2022 · €19k
Solvency
-4.8%▼
2022 · 3.2%
Current ratio
0.54▼
2022 · 0.70
Quick ratio
0.12▼
2022 · 0.42
Debt to equity
-22.05▼
2022 · 30.68
ROA
-5.9%▼
2022 · 1.1%
Interest coverage
4.76▼
2022 · 5.44
Debt
€268k▲
2022 · €94k
Debt ≤ 1 year
€235k▲
2022 · €44k
Debt > 1 year
€32k▼
2022 · €49k
Staff costs
€106k▼
2022 · €118k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2023 against 2022 · 45 lines
Balance sheet
Code20222023
Assets
Total assets20/58€97k€256k▲
Fixed assets21/28€66k€128k▲
Tangible fixed assets22/27€66k€128k▲
Furniture and vehicles24€2k€90k▲
Leasing and similar rights25€64k€38k▼
Current assets29/58€31k€128k▲
Stocks and contracts in progress3€12k€99k▲
Stocks30/36€12k€99k▲
Amounts receivable within one year40/41€11k€10k▼
Trade receivables40€4k-
Other amounts receivable41€8k€10k▲
Cash at bank and in hand54/58€7k€19k▲
Equity and liabilities
Total equity and liabilities10/49€97k€256k▲
Equity10/15€3k€-12k▼
Contributions10/11€2k€2k=
Capital10-€2k
Issued capital100-€2k
Profit (loss) carried forward14€1k€-14k▼
Amounts payable17/49€94k€268k▲
Amounts payable after more than one year17€49k€32k▼
Financial debts170/4€49k€32k▼
Amounts payable within one year42/48€44k€235k▲
Current portion of amounts payable after more than one year42€16k€17k▲
Trade debts44€5k€145k▲
Suppliers440/4€5k€145k▲
Advances received on contracts in progress46-€68k
Taxes, remuneration and social security45€23k€5k▼
Taxes450/3€3k€5k▲
Remuneration and social security454/9€21k-
Income statement
Code20222023
Non-recurring operating income76A-€15k
Remuneration, social security and pensions62€118k€106k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€17k€16k▼
Other operating charges640/8€3k€2k▼
Gross operating margin9900€147k€127k▼
Operating profit (loss)9901€9k€4k▼
Financial charges65/66B€5k€19k▲
Recurring financial charges65€5k€4k▼
Non-recurring financial charges66B-€15k
Profit (loss) for the period before taxes9903€4k€-15k▼
Income taxes67/77€3k-
Profit (loss) for the period9904€1k€-15k▼
Profit (loss) for the period to be appropriated9905€1k€-15k▼
Appropriation of the result
Profit (loss) to be appropriated9906€1k€-14k▼
Profit (loss) brought forward from the previous period14P-€1k
Social balance
Average headcount (FTE)90872.6-
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
2025
15-01
Bankruptcy
Opening
Tribunal de l’entreprise de Liège, division Liège · H&M ISOL SRL RUE NEUFMOU- LIN 45/301, 4820 DISON · event 20-12-2024
2024
02-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 63 days late
2023
22-09
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 53 days late
SignalNBB filing
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, Dison · 1 establishment unit since 2021
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 Neufmoulin 45/3014820 DisonGround area
619 m²
Building footprint
251 m²
Parcel 63020C0010/00S021, Wallonia. Linked by address, not a title deed.
1 establishment unit
H&M ISOL
since 20212.314.572.527
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63020C0010/00S021 | Wallonia | 619 m² | 1 · 250 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 | MARC GILSON PLACE GENERAL JACQUES 7,
4800 VERVIERS |
20-12-2024 → present |
Similar companies · same sector, comparable size
AROCHA GROUP
BE 0468.643.028
Ukkel · Eq €3,074
SEET
BE 0797.101.953
Amay · Eq €3,076
MultiFonctions
BE 0801.743.206
Jodoigne · Eq €3,191
Lofima
BE 1025.808.850
Aarschot · Eq €3,310
LEASIMMO
BE 0419.448.091
Antwerpen · Eq €3,592
Of 1,280 companies in sector 81100 we hold annual accounts for 677. 89 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded05-03-2021
Fiscal year end31-12
Activities, NACEBEL 2025
81100Combined facilities support activities
43230Insulation installation
43310Plastering work
43320Joinery installation
43422Screed work
Sources
Crossroads Bank for EnterprisesNational Bank · 2 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.