ISOL-THERM

Active

Private limited companyfounded 20205 yrs activeEmile Bockstaellaan 335-337, 1020 Brussel, BelgiumKBO/BCE: BE 0755.452.628

The computed 12-month bankruptcy probability of ISOL-THERM is 2.6% (moderate). The 2024 annual accounts show equity of €11k and a net result of €34k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 29% of 123 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

73 / 100

Healthy▲ +18 vs 2023

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability100=

Solvency52▼-15

Growth38▲+16

Stability94

Bankruptcy probability, 12 months

2.6% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €1k at 30 days acceptable

Liquidity ample (current ratio 2.23 against 5.11 in 2023), but 78.2% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Five signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Annual accounts: weaker financial profile

The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.

NBB · annual accounts 2024

Solvency, return and age of the figures

Solvency

21.8%

Return on assets

67.6%

Age of the figures

20 mo

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 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 filings

Deviation from the deadline

2025

not confirmed

2024

29 d late

2023

89 d late

2022

455 d late

2021

78 d late

← before the deadline after the deadline →

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 2024, micro schema

Turnover

€96k▼ 61.4%

2021 · €248k

2021: €248k

2021 → 2022

EBIT margin

-49.8%▼ 59.4pp

2021 · 9.7%

2021: 9.7%

2021 → 2022

Net result

€34k

2023 · €-6k

2021: €18k 2022: €-48k 2023: €-6k

2021 → 2024

Working capital

€28k▲ 67.2%

2023 · €17k

2021: €30k 2022: €-22k 2023: €17k

2021 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line2021202220232024Trend

Turnover€248k-€96k▼ 61.4%

Equity€30k-€-17k€-23k▼ 33.5%€11k

Operating result€24k-€-48k€-6k▲ 88.1%€38k

Net result€18k-€-48k€-6k▲ 87.8%€34k

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result returns to profit in 2024: €38k after a loss of €6k in 2023, the highest year so far.

Balance-sheet composition

Equity and liabilities €51k

21.8%

78.2%

Equity €11k

Debt €40k

Debt finances 78.2% of the balance-sheet total.

Key figures and ratios

2024 value · change against 2023

Solvency

21.8%▲

2023 · -111.5%

Current ratio

2.23▼

2023 · 5.11

Quick ratio

2.23▼

2023 · 5.11

Debt / equity

3.60▲

2023 · -1.90

ROE

310.6%▲

2023 · 25.1%

ROA

67.6%▲

2023 · -28.0%

Debt

€40k▼

2023 · €44k

Debt ≤ 1 year

€23k▲

2023 · €4k

Debt > 1 year

€17k▼

2023 · €40k

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 · 2024 against 2023

Balance sheet Code20232024

Total assets 20/58€21k€51k▲

Current assets 29/58€21k€51k▲

Amounts receivable within one year 40/41€11k€43k▲

Cash & bank 54/58€10k€7k▼

Total equity & liabilities 10/49€21k€51k▲

Equity 10/15€-23k€11k▲

Contributions / capital 10/11€13k€13k=

Reserves 13€1k€1k=

Accumulated profits (losses) 14€-37k€-3k▲

Amounts payable 17/49€44k€40k▼

Amounts payable after one year 17€40k€17k▼

Amounts payable within one year 42/48€4k€23k▲

Trade debts payable within one year 44€4k€2k▼

Income statement Code20232024

Gross operating margin 9900€47k€38k▼

Operating result 9901€-6k€38k▲

Financial charges 65€153€4k▲

Result before taxes 9903€-6k€34k▲

Net result for the period 9904€-6k€34k▲

Result to be appropriated 9905€-6k€34k▲

Timeline · acts, filings and financial milestones

All 11Financial 3Gazette 4Filings 4

2025

29-08

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 29 days late

25-02

State Gazette act Director changes

13-01

State Gazette act Director changes

Jean VAN den WOUWER

2024

31-12

Financial Back to profitnet €34k

Net result €34k after 2 loss-making years.

28-10

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 89 days late

28-10

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 455 days late

23-05

State Gazette act Capital & shares

2023

31-12

Financial Liquidity times 9current ratio 5.11

Current ratio from 0.57 to 5.11; short-term debt falls from €51k to €4k.

2022

31-12

Financial Weakest financial yearnet €-48k ▼366%

Net result drops to €-48k, the lowest in the series; recovery starts the following year.

17-10

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 78 days late

24-02

State Gazette act Capital & shares

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

4 directors, no change since 2025

KOCYGIT Özcan

Director · since 06-01-2025

Current

KOCYIGIT Eser

Director · since 06-01-2025

Current

14-02-2025 Kocyigit Ozcan: Resigned as Director

06-01-2025 KOCYGIT Özcan: Appointed as Director

06-01-2025 KOCYIGIT Eser: Appointed as Director

06-01-2025 KOÇYIGIT Adem: Resigned as Director

Location & real-estate footprint

Registered office, Brussel · 1 establishment unit since 2020

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.

Emile Bockstaellaan 335-3371020 Brussel

Ground area

556 m²

Building footprint

281 m²

Volume, LiDAR

5,311 m³

Parcel 21816C0249/00Z008, Brussels · tallest building 25.1 m, ±7 floors. Linked by address, not a title deed.

1 establishment unit

ISOL-THERM

Emile Bockstaellaan 335-337, 1020 BrusselManufacture of machinery and equipment not elsewhere classified

since 20202.307.880.022

1 parcel

Brussels 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21816C0249/00Z008	Brussels	555 m²	1 · 281 m²	25.1 m · 7 fl.

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.

Comparable companies · same sector, comparable size

Similar companies · same sector, comparable size

Tongeren-Borgloon · Eq €26k

TECHNIQUES DU TRAITEMENT DE L'EAU

Of 63 companies in sector 28295 we hold annual accounts for 55. 11 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded30-09-2020

Fiscal year end31-12

Activities, NACEBEL

28295Manufacture of machinery and equipment not elsewhere classified

43211General electrical installation work

25991Manufacture of fabricated metal products, except machinery and equipment

Sources

Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers

Data from official sources, last processed on 25-07-2026. Scores and ratios are computed by Checked and are not a credit decision.