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ISOART

Active
Private limited company·Vervaardiging van kunststofartikelen voor de bouw· 3 yrs active
Langemarkseweg 10 ·8904 Ieper, Belgium
KBO/BCE: BE 0803.770.506
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Age3 yrs
Real estate1 parcel · 622 m²

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of ISOART is 2.1% (moderate). The 2024 annual accounts show equity of €202k and a net result of €202k. Its solvency ranks better than 72% of 42 sector peers (fiscal year 2024). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 1 annual account.

Trust signals

2 signals
More than 3 years active
Founded in 2023, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No administrative flags

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone
2.1% Moderate
0%0,5%1,5%4%10%≥25%
Young company +Higher-failure-rate sector +Annual accounts: healthy financial profile −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Financials

TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€202k
Working capital€187k

Annual accounts & ratios

Source: NBB · 2024
Annual accounts filed on 03-04-2025 with the NBB · fiscal year 2024 · micro
Sector comparison
Fiscal year 2024 · NACE 22 · compared within the same schema type (micro schema)
Metric This company Sector median Position in the sector
Solvency 46.5% 12.4%
better than 72% of 42 sector peers
Net result €202k €507
better than 95% of 42 sector peers
Equity €202k €12k
better than 94% of 42 sector peers
Gross operating margin €340k €14k
better than 90% of 41 sector peers
Total assets €435k €92k
better than 80% of 42 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Fiscal year2024
Revenue-
EBITDA€340k
Net profit€202k
Cash flow€263k
Staff costs-
Income taxes€61k
Dividends-
Total assets€435k
Equity€202k
Debt€233k
of which ≤ 1y€73k
of which > 1y€153k
Working capital€187k
Employees (FTE)-
Ratios (computed)
2024
Current ratio3.57
Quick ratio3.46
Working capital ratio42.9%
Solvency46.5%
Debt / equity1.15
Long-term debt ratio0.75
Interest coverage21.63
Gross margin-
Net margin-
ROA46.5%
ROE100.0%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2024
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2024
Balance sheet, Assets
TOTAL ASSETS 20/58€435k
Fixed assets 21/28€176k
Intangible fixed assets 21€71k
Tangible fixed assets 22/27€105k
Current assets 29/58€259k
Stocks & contracts in progress 3€8k
Amounts receivable within one year 40/41€111k
Cash & bank 54/58€141k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€435k
Equity 10/15€202k
Reserves 13€202k
Amounts payable 17/49€233k
Amounts payable after one year 17€153k
Amounts payable within one year 42/48€73k
Trade debts payable within one year 44€12k
Income statement
Gross operating margin 9900€340k
Operating result 9901€279k
Financial income 75€107
Financial charges 65€16k
Result before taxes 9903€263k
Income taxes 67/77€61k
Net result for the period 9904€202k
Result to be appropriated 9905€202k
Ratios computed by Checked.

Health barometer

FY 2024 · computed
86 / 100 Excellent
050100
Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

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Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.

Structure & network

Locations & real estate

Establishment units

1 location
ISOART
Langemarkseweg 10, 8904 IeperVervaardiging van al dan niet isolerende vloer-, wandof plafondbedekking van kunststof, op rollen of in de vorm van tegels, platen, enz.
since 20232.349.040.189
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area622 m²
Buildings1
Building footprint132 m²

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
33003B0815/00S000 Flanders 622 m² 1 · 132 m² -
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgian State Gazette · acts

No structured acts for this company yet

That means one of two things: the company has published no company deeds, or its deeds are still queued for reading. The insolvency signals above come from a separate source and are complete.

Analysis

Snowflake analysis

financial profile on 5 axes
Health86Profitability100Solvency91Growth-Stability79
89 / 100

Strong profile, led by profitability.

Computed on 4 of 5 axes. Not measured: growth. An unmeasured axis is not a zero: no data was read for it.

Health 86
Profitability 100
Solvency 91
Growth -
Stability 79

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Credit advice

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Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.

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Company registry

Company registry (CBE)

Crossroads Bank
Activities
Vervaardiging van kunststofartikelen voor de bouw22230Vervaardiging van kunststofartikelen voor de bouw22240
Primary activity highlighted.
Names & trade names
Legal nameNL ISOART
Registered office
Langemarkseweg 10 bus A2
8904 Ieper, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.