ISOLAZ
Open bankruptcySummary
A bankruptcy procedure is open for ISOLAZ according to publications in the Belgian State Gazette. The 2025 annual accounts show equity of €281k and a net result of €-8k.
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 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 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 · 10 filingsDeviation from the deadline
2025
28 d late
2024
29 d late
2023
15 d early
2022
114 d late
2021
204 d late
2020
31 d late
2019
53 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€281k▼ 2.7%
2024 · €289k
2018: €261k
2019: €237k
2020: €188k
2021: €216k
2022: €247k
2023: €241k
2024: €289k
2018 → 2025
Total assets
€442k▼ 27.3%
2024 · €608k
2018: €430k
2019: €450k
2020: €346k
2021: €457k
2022: €496k
2023: €478k
2024: €608k
2018 → 2025
Net result
€-8k
2024 · €76k
2018: €-28k
2019: €16k
2020: €-49k
2021: €47k
2022: €49k
2023: €-6k
2024: €76k
2018 → 2025
Working capital
€255k▲ 0.2%
2024 · €254k
2018: €86k
2019: €231k
2020: €180k
2021: €182k
2022: €218k
2023: €219k
2024: €254k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€216k-€247k▲ 14.6%€241k▼ 2.6%€289k▲ 19.9%€281k▼ 2.7%
Operating result€89k-€57k▼ 35.8%€11k▼ 81.5%€95k▲ 802%€-6k
Net result€47k-€49k▲ 4.4%€-6k€76k€-8k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €6k after €95k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €442k
Fixed assets
€26k ▼ 23.5%
Current assets
€416k ▼ 27.5%
Equity and liabilities €442k
Equity
€281k ▼ 2.7%
Debt
€161k ▼ 49.5%
Debt's share of the balance-sheet total falls from 52.5% to 36.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
€2k▼
2024 · €101k
Cash flow
€733▼
2024 · €81k
Current ratio
2.58▲
2024 · 1.80
Debt to equity
0.57▼
2024 · 1.11
ROE
-2.7%▼
2024 · 26.3%
ROA
-1.7%▼
2024 · 12.5%
Interest coverage
0.97▼
2024 · 8.95
Debt ≤ 1 year
€161k▼
2024 · €319k
Income taxes
€813▼
2024 · €9k
Staff costs
€46k▲
2024 · €29k
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 · 2025 against 2024 · 52 lines
Balance sheet
Code20242025
Assets
Total assets20/58€608k€442k▼
Fixed assets21/28€35k€26k▼
Tangible fixed assets22/27€25k€17k▼
Plant, machinery and equipment23€395€174▼
Furniture and vehicles24€25k€17k▼
Financial fixed assets28€9k€10k▲
Current assets29/58€573k€416k▼
Amounts receivable after more than one year29€213k€207k▼
Other amounts receivable291€213k€207k▼
Amounts receivable within one year40/41€360k€198k▼
Trade receivables40€237k€117k▼
Other amounts receivable41€122k€80k▼
Cash at bank and in hand54/58€1k€10k▲
Deferred charges and accrued income490/1-€1k
Equity and liabilities
Total equity and liabilities10/49€608k€442k▼
Equity10/15€289k€281k▼
Contributions10/11€19k€19k=
Reserves13€109k€109k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€7k€7k=
Distributable reserves133€100k€100k=
Profit (loss) carried forward14€161k€153k▼
Amounts payable17/49€319k€161k▼
Amounts payable within one year42/48€319k€161k▼
Financial debts43€25k€25k=
Credit institutions430/8€25k€25k=
Trade debts44€226k€116k▼
Suppliers440/4€226k€116k▼
Taxes, remuneration and social security45€40k€2k▼
Taxes450/3€23k€716▼
Remuneration and social security454/9€17k€1k▼
Other amounts payable47/48€28k€18k▼
Income statement
Code20242025
Remuneration, social security and pensions62€29k€46k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€8k▲
Other operating charges640/8€2k€7k▲
Gross operating margin9900€131k€55k▼
Operating profit (loss)9901€95k€-6k▼
Financial income75/76B€2k€2k▲
Recurring financial income75€2k€2k▲
Financial charges65/66B€11k€2k▼
Recurring financial charges65€11k€2k▼
Profit (loss) for the period before taxes9903€85k€-7k▼
Income taxes67/77€9k€813▼
Profit (loss) for the period9904€76k€-8k▼
Profit (loss) for the period to be appropriated9905€76k€-8k▼
Appropriation of the result
Profit (loss) to be appropriated9906€234k€153k▼
Profit (loss) brought forward from the previous period14P€158k€161k▲
Transfer to equity691/2€45k-
To other reserves6921€45k-
Profit to be distributed694/7€28k-
Directors or managers695€28k-
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
16-09
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · ISOLAZ BV LOUIZA- LAAN 205-207/4, 1050 BRUSSEL 5 · event 11-09-2026
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
24-09
Bankruptcy
Bankruptcy reversal
Ondernemingsrechtbank Brussel · ISOLAZ BV LOUIZALAAN 205-/4, 1050 ELSENE · event 16-09-2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
30-07
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · ISOLAZ BV LOUIZA- LAAN 205-/4, 1050 ELSENE · event 22-07-2025
2024
31-12
Financial
Back to profitnet €76k
Net result €76k after one loss-making year.
16-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
22-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 114 days late
20-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 204 days late
2021
31-12
Financial
Back to profitnet €47k
Net result €47k after one loss-making year.
31-12
Financial
Equity above €200kEq €216k ▲14.5%
Equity rises from €188k to €216k.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
Show earlier events
2020
31-12
Financial
Weakest financial yearnet €-49k ▼399%
Net result drops to €-49k, the lowest in the series.
22-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 53 days late
2019
31-12
Financial
Back to profitnet €16k
Net result €16k after one loss-making year.
15-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 107 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 60 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 acts for this company are 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, Elsene · 1 establishment unit since 2003
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.
Louizalaan 205-2071050 ElseneGround area
1,177 m²
Building footprint
1,020 m²
Volume, LiDAR
18,600 m³
2 parcels, Brussels · tallest building 32.2 m, ±9 floors. Linked by address, not a title deed.
1 establishment unit
Van Overbekelaan 157, 1083 Ganshoren
since 20032.131.779.193
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21807G0120/00L005 | Brussels | 700 m² | 1 · 700 m² | 32.2 m · 9 fl. |
| 21008A0144/00R002 | Brussels | 477 m² | 1 · 320 m² | 15.1 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
2 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | SAMIR BAKI MARKTPLEIN 17, 1740 TERNAT- |
11-09-2026 → present |
| Curator | ANTHONY VAN DER HAUWAERT KEIZER
KARELLAAN 586 BUS 9, 1082 SINT-AGATHA-BERCHEM- |
22-07-2025 → 16-09-2025 |
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Of 4,271 companies in sector 43230 we hold annual accounts for 1,241. 898 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
Founded11-02-2003
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
43230Insulation installation
Sources
Crossroads Bank for EnterprisesNational Bank · 23 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryPhone:0473835925