Checked.be
Active
BE 0755.452.628Private limited company
ISOL-THERM
Emile Bockstaellaan 335-337 ·1020 Brussel, Belgium· 5 yrs active
Sector: Manufacture of machinery and equipment not elsewhere classified
(28295)
Conclusion
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 26% of 514 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Based on the State Gazette, CBE and 4 annual accounts.
Key figures
| Equity | €11k |
| Net result | €34k |
| Better than sector | 26% |
| Active | 5 yrs |
Financial profile
71
/ 100
Strong profile, led by profitability.
All 5 axes are computed from data Checked has read.
Health
73
Profitability
100
Solvency
52
Growth
38
Stability
94
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
More than 3 years active
Founded in 2020, 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 strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
73
/ 100
Healthy
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.
Indicative credit limit
€1k
estimate, not credit advice
Score history
100
2021
0
2022
55
2023
73
2024
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 2.23 (≥ 1.5)
+10
Quick ratio
Quick ratio 2.23 (≥ 1.0)
+5
Leverage
Debt/equity 3.60 (> 3.0)
-10
Profitability
ROE 311% (≥ 10%)
+10
Profit trend
Net profit up YoY
+5
Equity growth
Equity growing YoY
+3
Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.
Financial overview
Annual accounts filed on 29-08-2025 with the NBB · fiscal year 2024 · micro schema
Sector comparison
Fiscal year 2024 · NACE 28, Manufacture of machinery and equipment not elsewhere classified · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 21.8% | 51.8% | |
| Net result | €34k | €11k | |
| Equity | €11k | €88k | |
| Gross operating margin | €38k | €42k | |
| Total assets | €51k | €244k |
€96k
-61.4%
21-24
€-47k
-
21-24
€34k
-
21-24
€-47k
-
21-24
€51k
+143.5%
21-24
€11k
-
21-24
€28k
+67.2%
21-24
€7k
-91.3%
21-24
€6k
-
21-24
€40k
-9.9%
21-24
€23k
+457.1%
21-24
€17k
-57.5%
21-24
2.23
-56.3%
21-24
2.23
-56.3%
21-24
21.8%
-
21-24
3.60
-
21-24
310.6%
+1137.9%
21-24
67.6%
-
21-24
-49.9%
-
21-24
-49.1%
-
21-24
-273.54
-
21-24
Figures by fiscal year and ratios
| Fiscal year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | €96k | €248k |
| EBITDA | - | - | €-47k | €25k |
| Net profit | €34k | €-6k | €-48k | €18k |
| Cash flow | - | - | €-47k | €19k |
| Staff costs | - | €7k | €83k | €191k |
| Income taxes | - | - | - | €6k |
| Dividends | - | - | - | - |
| Total assets | €51k | €21k | €73k | €59k |
| Equity | €11k | €-23k | €-17k | €30k |
| Debt | €40k | €44k | €91k | €28k |
| of which ≤ 1y | €23k | €4k | €51k | €28k |
| of which > 1y | €17k | €40k | €40k | - |
| Working capital | €28k | €17k | €-22k | €30k |
| Employees (FTE) | - | - | - | - |
Ratios (computed)
| 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
| Current ratio | 2.23 | 5.11 | 0.57 | 2.07 |
| Quick ratio | 2.23 | 5.11 | 0.57 | 2.07 |
| Working capital ratio | 55.2% | 80.4% | -29.6% | 51.8% |
| Solvency | 21.8% | -111.5% | -23.7% | 51.8% |
| Debt / equity | 3.60 | -1.90 | -5.22 | 0.93 |
| Long-term debt ratio | 1.54 | -1.72 | -2.30 | - |
| Interest coverage | - | - | -273.54 | 1022.44 |
| Gross margin | - | - | 37.4% | 86.9% |
| Net margin | - | - | -49.9% | 7.2% |
| ROA | 67.6% | -28.0% | -65.2% | 30.5% |
| ROE | 310.6% | 25.1% | 275.3% | 59.0% |
| EBITDA margin | - | - | -49.1% | 10.0% |
| Days sales outstanding | - | - | 94d | 80d |
| Days payable outstanding | - | - | 2d | 19d |
| Inventory turnover | - | - | - | - |
| Days inventory (DSI) | - | - | - | - |
Balance-sheet composition 2024
Full annual accounts (23 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Balance sheet, Assets | |||||
| TOTAL ASSETS | 20/58 | €51k | €21k | €73k | €59k |
| Fixed assets | 21/28 | - | - | €44k | - |
| Tangible fixed assets | 22/27 | - | - | €44k | - |
| Current assets | 29/58 | €51k | €21k | €29k | €59k |
| Amounts receivable within one year | 40/41 | €43k | €11k | €25k | €56k |
| Cash & bank | 54/58 | €7k | €10k | €4k | €3k |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €51k | €21k | €73k | €59k |
| Equity | 10/15 | €11k | €-23k | €-17k | €30k |
| Contributions / capital | 10/11 | €13k | €13k | €13k | €13k |
| Reserves | 13 | €1k | €1k | €1k | €1k |
| Accumulated profits (losses) | 14 | €-3k | €-37k | €-31k | €17k |
| Amounts payable | 17/49 | €40k | €44k | €91k | €28k |
| Amounts payable after one year | 17 | €17k | €40k | €40k | - |
| Amounts payable within one year | 42/48 | €23k | €4k | €51k | €28k |
| Trade debts payable within one year | 44 | €2k | €4k | €343 | €2k |
| Income statement | |||||
| Turnover | 70 | - | - | €96k | €248k |
| Gross operating margin | 9900 | €38k | €47k | €36k | €217k |
| Operating result | 9901 | €38k | €-6k | €-48k | €24k |
| Financial charges | 65 | €4k | €153 | €172 | €24 |
| Result before taxes | 9903 | €34k | €-6k | €-48k | €24k |
| Income taxes | 67/77 | - | - | - | €6k |
| Net result for the period | 9904 | €34k | €-6k | €-48k | €18k |
| Result to be appropriated | 9905 | €34k | €-6k | €-48k | €18k |
Directors & mandates
Current directors & mandates
-
KOCYGIT ÖzcanDirectorState Gazette act 25303162 (13-01-2025)Current06-01-2025 → present
-
KOCYIGIT EserDirectorState Gazette act 25303162 (13-01-2025)Current06-01-2025 → present
Former directors (2)
-
Kocyigit OzcanDirectorState Gazette act 25026127 (25-02-2025)Former- → 14-02-2025
-
KOÇYIGIT AdemDirectorState Gazette act 25303162 (13-01-2025)Former- → 06-01-2025
Legal Structure
| NACE primary | Manufacture of machinery and equipment not elsewhere classified(28295) |
| Legal form | Private limited company(610) |
| Incorporation | 30-09-2020 |
| Status | Active |
| Postal code | 1020 |
Establishment units
ISOL-THERM
since 20202.307.880.022
Real-estate footprint
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21816C0249/00Z008 | Brussels | 555 m² | 1 · 281 m² | 25.1 m · 7 fl. |
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.
Updates
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.
Belgian State Gazette reading coverage
We know of 7 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Belgisch Staatsblad, acts
Capital history · 2
23-05-2024
Capital change
24-02-2022
Capital change
All acts · 4
updated 1 year ago
2025
25-02-2025 Kocyigit Ozcan resigns as director
- Kocyigit Ozcan, Bestuurder
Technical details
{
"events": [
{
"kind": "director_out",
"role": "administrateur",
"person": {
"rrn": null,
"name": "Kocyigit Ozcan",
"address": null,
"birth_date": null,
"profession": null,
"birth_place": null
},
"reason": "de_plein_droit_dissolution",
"subkind": null,
"via_org": null,
"statutory": "statutair",
"compensated": null,
"effective_date": "2025-02-14",
"evidence_quote": "L\u0027assembl\u00E9e g\u00E9n\u00E9ral\u00E9e accepte la d\u00E9mission Monsieur Kocyigit Ozcan au poste d\u0027administrateur \u00E0 dater du 14 f\u00E9vrier 2025",
"decharge_status": null,
"mandate_duration": null,
"rep_rotation_new_rep": null,
"rep_rotation_old_rep": null,
"effective_date_qualifier": "immediate"
},
{
"kind": "substantive_delegation",
"role": "administrateur",
"person": {
"rrn": null,
"name": "Ko\u00E7yigit Eser",
"address": null,
"birth_date": null,
"profession": null,
"birth_place": null
},
"reason": null,
"subkind": null,
"via_org": null,
"statutory": "statutair",
"compensated": null,
"effective_date": null,
"evidence_quote": "Monsieur Ko\u00E7yigit Ozcan c\u00E8de ses parts sociales \u00E0 Monsieur Kocyigit Eser",
"decharge_status": null,
"mandate_duration": null,
"rep_rotation_new_rep": null,
"rep_rotation_old_rep": null,
"effective_date_qualifier": null
},
{
"kind": "board_snapshot",
"role": "administrateur",
"person": {
"rrn": null,
"name": "Kocyigit Eser",
"address": null,
"birth_date": null,
"profession": null,
"birth_place": null
},
"reason": null,
"subkind": null,
"via_org": null,
"statutory": "statutair",
"compensated": null,
"effective_date": null,
"evidence_quote": "Kocyigit Eser Administrateur",
"decharge_status": null,
"mandate_duration": null,
"rep_rotation_new_rep": null,
"rep_rotation_old_rep": null,
"effective_date_qualifier": null
}
],
"notary": {
"name": null,
"firm_city": null,
"firm_name": null,
"office_city": "Bruxelles",
"is_associated": false
},
"act_meta": {
"language": "mixed",
"pub_date": "2025-02-05",
"filing_date": "2025-02-14",
"act_kind_objet": "Objet de l\u0027acte:"
},
"decisions": [
{
"body": "buitengewone_algemene_vergadering",
"date": "2025-02-14",
"unanimous": null
}
],
"is_correction": false,
"subject_company": {
"kbo": "0755.452.628",
"name_full": "ISOL-THERM",
"legal_form": "SRL"
},
"publication_proxy": {
"kind": "none",
"org_kbo": null,
"org_name": null,
"person_name": null,
"org_rep_person_name": null,
"person_role_at_subject": null
},
"co_filed_documents": [],
"corrected_publication_numac": null
}13-01-2025 2 directors appointed, 1 resigning
- KOCYGIT Özcan, Bestuurder
- KOCYIGIT Eser, Bestuurder
- KOÇYIGIT Adem, Bestuurder
Notary:
Jean VAN den WOUWER · Bruxelles
Technical details
{
"events": [
{
"kind": "director_out",
"role": "administrateur",
"person": {
"rrn": null,
"name": "KO\u00C7YIGIT Adem",
"address": "1080 Molenbeek-Saint-Jean, Rue Martin Pfeiffer 11/0010",
"birth_date": null,
"profession": null,
"birth_place": null
},
"reason": "de_plein_droit_dissolution",
"subkind": null,
"via_org": null,
"statutory": null,
"compensated": null,
"effective_date": "2025-01-06",
"evidence_quote": "L\u2019assembl\u00E9e g\u00E9n\u00E9rale d\u00E9cide de mettre fin \u00E0 la fonction de l\u2019administrateur actuel, \u00E9tant : Monsieur KO\u00C7YIGIT Adem, domicili\u00E9 \u00E0 1080 Molenbeek-Saint-Jean, Rue Martin Pfeiffer 11/0010. Ici pr\u00E9sent et qui accepte.",
"decharge_status": "granted",
"mandate_duration": null,
"rep_rotation_new_rep": null,
"rep_rotation_old_rep": null,
"effective_date_qualifier": "immediate"
},
{
"kind": "director_in",
"role": "administrateur",
"person": {
"rrn": null,
"name": "KOCYGIT \u00D6zcan",
"address": null,
"birth_date": null,
"profession": null,
"birth_place": null
},
"reason": null,
"subkind": null,
"via_org": null,
"statutory": "niet_statutair",
"compensated": null,
"effective_date": "2025-01-06",
"evidence_quote": "Et proc\u00E8de imm\u00E9diatement aux nominations comme administrateurs non statutaires, pour une dur\u00E9e illimit\u00E9e, de : Monsieur KOCYGIT \u00D6zcan, pr\u00E9nomm\u00E9.",
"decharge_status": null,
"mandate_duration": {
"kind": "indefinite",
"value": null
},
"rep_rotation_new_rep": null,
"rep_rotation_old_rep": null,
"effective_date_qualifier": "immediate"
},
{
"kind": "director_in",
"role": "administrateur",
"person": {
"rrn": null,
"name": "KOCYIGIT Eser",
"address": null,
"birth_date": null,
"profession": null,
"birth_place": null
},
"reason": null,
"subkind": null,
"via_org": null,
"statutory": "niet_statutair",
"compensated": null,
"effective_date": "2025-01-06",
"evidence_quote": "Et proc\u00E8de imm\u00E9diatement aux nominations comme administrateurs non statutaires, pour une dur\u00E9e illimit\u00E9e, de : Monsieur KOCYIGIT Eser, pr\u00E9nomm\u00E9.",
"decharge_status": null,
"mandate_duration": {
"kind": "indefinite",
"value": null
},
"rep_rotation_new_rep": null,
"rep_rotation_old_rep": null,
"effective_date_qualifier": "immediate"
}
],
"notary": {
"name": "Jean VAN den WOUWER",
"firm_city": null,
"firm_name": null,
"office_city": "Bruxelles",
"is_associated": false
},
"act_meta": {
"language": "fr",
"pub_date": "2025-01-13",
"filing_date": "2025-01-09",
"act_kind_objet": "Objet de l\u0027acte:"
},
"decisions": [
{
"body": "algemene_vergadering",
"date": "2025-01-06",
"unanimous": null
},
{
"body": "algemene_vergadering",
"date": "2025-01-06",
"unanimous": null
},
{
"body": "algemene_vergadering",
"date": "2025-01-06",
"unanimous": null
},
{
"body": "algemene_vergadering",
"date": "2025-01-06",
"unanimous": null
}
],
"is_correction": false,
"subject_company": {
"kbo": "0755.452.628",
"name_full": "KOC TECH",
"legal_form": "SRL"
},
"publication_proxy": {
"kind": "person",
"org_kbo": null,
"org_name": null,
"person_name": "Jean Van den Wouwer",
"org_rep_person_name": null,
"person_role_at_subject": null
},
"co_filed_documents": [
"expedition, statuts"
],
"corrected_publication_numac": null
}2024
23-05-2024 Transaction in capital or shares
Technical details
{
"events": [
{
"kind": "share_transfer",
"after_eur": null,
"delta_eur": null,
"before_eur": null,
"subscribers": [
{
"kbo": null,
"rrn": null,
"kind": "person",
"name": "Kocyigit Adem",
"share_class": null,
"liberation_pct": null,
"contribution_kind": null,
"n_shares_subscribed": 12500,
"contribution_amount_eur": null
}
],
"decrease_purpose": null,
"contribution_type": null,
"paid_up_delta_eur": null,
"n_shares_destroyed": null,
"not_yet_called_eur": null,
"merger_new_shares_n": null,
"merger_exchange_ratio": null,
"distribution_amount_eur": null,
"statutory_unavailable_equity_op": null
}
],
"notary": {
"name": null,
"firm_city": null,
"firm_name": null,
"office_city": null,
"is_associated": false
},
"act_meta": {
"language": "fr",
"pub_date": "2024-05-23",
"filing_date": "2024-05-14",
"act_kind_objet": "Objet de l\u0027acte:"
},
"decision": {
"body": "algemene_vergadering",
"act_date": "2024-05-14",
"unanimous": null,
"under_authorized_capital": false,
"underlying_resolution_date": "2024-01-31"
},
"bedrijfsrevisor": null,
"subject_company": {
"kbo": "0755.452.628",
"name_full": "KOC TECH",
"legal_form": "Soci\u00E9t\u00E9 Responsabilit\u00E9 limit\u00E9e",
"is_foreign_registered": false
},
"publication_proxy": {
"kind": "none",
"org_kbo": null,
"org_name": null,
"person_name": null,
"org_rep_person_name": null,
"person_role_at_subject": null
},
"co_filed_documents": [],
"shareholders_after": [
{
"kbo": null,
"pct": null,
"kind": "person",
"name": "Ko\u00E7yigit Adem",
"role": "aandeelhouder",
"n_shares": 12500,
"share_class": null
}
],
"share_classes_after": []
}2022
24-02-2022 Transaction in capital or shares
Technical details
{
"events": [
{
"kind": "share_transfer",
"after_eur": null,
"delta_eur": null,
"before_eur": null,
"subscribers": [
{
"kbo": null,
"rrn": null,
"kind": "person",
"name": "Ko\u00E7yigit Adem",
"share_class": null,
"liberation_pct": null,
"contribution_kind": null,
"n_shares_subscribed": 6250,
"contribution_amount_eur": null
},
{
"kbo": null,
"rrn": null,
"kind": "person",
"name": "Kocyigit Ozcan",
"share_class": null,
"liberation_pct": null,
"contribution_kind": null,
"n_shares_subscribed": 6250,
"contribution_amount_eur": null
}
],
"decrease_purpose": null,
"contribution_type": null,
"paid_up_delta_eur": null,
"n_shares_destroyed": null,
"not_yet_called_eur": null,
"merger_new_shares_n": null,
"merger_exchange_ratio": null,
"distribution_amount_eur": null,
"statutory_unavailable_equity_op": null
}
],
"notary": {
"name": null,
"firm_city": null,
"firm_name": null,
"office_city": "Pruxelles",
"is_associated": false
},
"act_meta": {
"language": "mixed",
"pub_date": "2022-02-24",
"filing_date": "2022-02-01",
"act_kind_objet": "Objet de l\u0027acte:"
},
"decision": {
"body": "algemene_vergadering",
"act_date": "2022-02-01",
"unanimous": null,
"under_authorized_capital": false,
"underlying_resolution_date": "2022-02-01"
},
"bedrijfsrevisor": null,
"subject_company": {
"kbo": "0755.452.628",
"name_full": "\u041A\u041E\u0421 TECH",
"legal_form": "Soci\u00E9t\u00E9 Responsabilit\u00E9 limit\u00E9e",
"_kbo_filled_from_list": true,
"is_foreign_registered": false
},
"publication_proxy": {
"kind": "none",
"org_kbo": null,
"org_name": null,
"person_name": null,
"org_rep_person_name": null,
"person_role_at_subject": null
},
"co_filed_documents": [],
"shareholders_after": [
{
"kbo": null,
"pct": null,
"kind": "person",
"name": "Ko\u00E7yigit Adem",
"role": "administrateur",
"n_shares": 6250,
"share_class": null
},
{
"kbo": null,
"pct": null,
"kind": "person",
"name": "Kocyigit Ozcan",
"role": null,
"n_shares": 6250,
"share_class": null
}
],
"share_classes_after": []
}Credit advice
Company registry (CBE)
Activities
Manufacture of machinery and equipment not elsewhere classified28295General electrical installation work43211Manufacture of fabricated metal products, except machinery and equipment25991
Names & trade names
| Legal nameFR | ISOL-THERM |
Similar companies
OSAQUA
BE 0756.910.794 · Oupeye
LIVING INVEST SPRL
BE 0895.153.513 · Evere
HYDRO BELT
BE 0461.485.715 · Tongeren-Borgloon
TECHNIQUES DU TRAITEMENT DE L'EAU
BE 0476.080.057 · Gembloux
TST
BE 0665.903.218 · Sprimont