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ISSOL

Active
Rue du Progrès 18 ·4821 Dison, Belgium
KBO/BCE: BE 0879.446.738
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Checked processes every Belgian company, act by act, from the Belgian Official Gazette. The data below is real and verified, this company's full, act-by-act verified dossier is still being assembled.

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Age20 yrs
Staff (FTE)30.6
Real estate1 parcel · 2,868 m²

Summary

Conclusion

the dossier summarised in one paragraph

The KBO register records legal situation 050 for ISSOL (Register: open bankruptcy); this is today's state according to the register itself, which carries no start date. The 2018 annual accounts show negative equity (€-574k) and a net result of €-1.72M.

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

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

Bankruptcy opened

A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.

Signals

Insufficient current data: the most recent filed accounts (financial year 2018) are too old to derive current signals.

Filing behaviour

From the deposit records, complete market-wide
Filing behaviour not assessed
The register records an open bankruptcy. From that point the trustee files and the ordinary seven-month rhythm no longer governs. The register carries no start date, so we cannot tell which filings fall before it: we show the facts and do not assess the behaviour.
Filed after the deadline
The financial year that closed on 31-12-2018 was due by 31-07-2019 and was filed on 20-09-2019, 51 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.
How we compute the deadline
The year end is derived from 10 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2018, that is 31-07-2019.
Deadline per financial year
Year closed Due by Filed Variance Reference
31-12-2025 31-07-2026 nothing on record not filed -
31-12-2024 31-07-2025 nothing on record not filed -
31-12-2023 31-07-2024 nothing on record not filed -
31-12-2022 31-07-2023 nothing on record not filed -
31-12-2021 31-07-2022 nothing on record not filed -
31-12-2020 31-07-2021 nothing on record not filed -
31-12-2019 31-07-2020 nothing on record not filed -
31-12-2018 31-07-2019 20-09-2019 51 d late 2019-65200211
31-12-2017 31-07-2018 28-05-2018 64 d early 2018-14100264
31-12-2016 31-07-2017 18-10-2017 79 d late 2017-67400588
31-12-2015 31-07-2016 23-08-2016 23 d late 2016-45400192
31-12-2014 31-07-2015 08-06-2015 53 d early 2015-15700007

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

1 signal
Register: open bankruptcy
The KBO register records legal situation 050 for this company. This is today's state according to the register itself; the register carries no start date.

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.

Financials

Turnover€4.81M
EBIT margin-21.7%
Net result€-1.72M
Working capital€-829k

Annual accounts & ratios

Source: NBB · 2018
Annual accounts filed on 20-09-2019 with the NBB · fiscal year 2018 · volledig
Fiscal year2018
Depositvolledig
Revenue€4.81M
EBITDA€-635k
Net profit€-1.72M
Cash flow€-1.31M
Staff costs-
Income taxes€72
Dividends-
Total assets€4.74M
Equity€-574k
Debt€5.30M
of which ≤ 1y€3.79M
of which > 1y€1.36M
Working capital€-829k
Employees (FTE)30.6
Ratios (computed)
2018
Current ratio0.78
Quick ratio0.50
Working capital ratio-17.5%
Solvency-12.1%
Debt / equity-2.37
Long-term debt ratio-2.37
Interest coverage-6.28
Gross margin-
Net margin-35.7%
ROA-36.2%
ROE299.3%
EBITDA margin-13.2%
Days sales outstanding142d
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2018
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2018
Balance sheet, Assets
TOTAL ASSETS 20/58€4.74M
Fixed assets 21/28€1.61M
Formation expenses 20€176k
Intangible fixed assets 21€105k
Tangible fixed assets 22/27€1.37M
Financial fixed assets 28€137k
Current assets 29/58€2.96M
Stocks & contracts in progress 3€1.07M
Amounts receivable within one year 40/41€1.87M
Cash & bank 54/58€2k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€4.74M
Equity 10/15€-574k
Contributions / capital 10/11€851k
Reserves 13€219k
Accumulated profits (losses) 14€-1.72M
Provisions & deferred taxes 16€20k
Amounts payable 17/49€5.30M
Amounts payable after one year 17€1.36M
Amounts payable within one year 42/48€3.79M
Trade debts payable within one year 44€1.26M
Income statement
Turnover 70€4.81M
Operating result 9901€-1.05M
Financial income 75€63k
Financial charges 65€136k
Result before taxes 9903€-1.14M
Income taxes 67/77€72
Net result for the period 9904€-1.14M
Result to be appropriated 9905€-1.14M
Ratios computed by Checked.

Health barometer

FY 2018 · computed
0 / 100 Critical
050100
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Unlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.

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Computed by Checked from the NBB filing for FY 2018 and the legal situation the KBO register itself records. Indicative, not credit advice.

Directors

Directors & mandates

13 directors
Historic, not recently confirmed (6)
These mandates remain open in the register but have not been confirmed by a new act in over six years. They do not count as active directors.
  • Laurent Quittre
    Managing director
    State Gazette act 18148900 (09-10-2018)
    Not recently confirmed
    last confirmed in an act from 2018
    2 events
    • 09-10-2018 Appointed· Managing director
    • 26-07-2017 Appointed· Administrator
  • Alexandre Lecler
    Representative of the auditor
    State Gazette act 17108167 (26-07-2017)
    Not recently confirmed
    last confirmed in an act from 2017
  • commissaire aux comptes
    Auditor
    State Gazette act 17108167 (26-07-2017)
    Not recently confirmed
    last confirmed in an act from 2017
  • Henri Vaesen
    Representative of the auditor
    State Gazette act 17108167 (26-07-2017)
    Not recently confirmed
    last confirmed in an act from 2017
  • Olivier Vanlangenacker
    Administrator
    State Gazette act 17108167 (26-07-2017)
    Not recently confirmed
    last confirmed in an act from 2017
    3 events
    • 26-07-2017 Appointed· Administrator
    • 26-02-2010 Appointed· Director
    • 04-12-2006 Appointed· Director
  • Olivier Van Langenacker
    Managing director
    State Gazette act 16027363 (22-02-2016)
    Not recently confirmed
    last confirmed in an act from 2016
Permanent representatives (1)
These people represent a legal-person director (a management company, for instance). They hold no board mandate of their own and do not count as directors.
  • Alexandre Lecler
    Représentant permanent du commissaire
    State Gazette act 16101932 (20-07-2016)
    Permanent representative
    20-07-2016 → present
Former directors (7)
  • Benoît Quittre
    Administrateur externe
    State Gazette act 17179769 (22-12-2017)
    Former
    22-12-2017 → 19-07-2019
    2 events
    • 19-07-2019 Resigned· Director
    • 22-12-2017 Appointed· Administrateur externe
  • Jean-Luc Binamé
    Director
    State Gazette act 17024880 (15-02-2017)
    Former
    15-02-2017 → 19-07-2019
    4 events
    • 19-07-2019 Resigned· Director
    • 09-10-2018 Resigned· Managing director
    • 15-02-2017 Appointed· Director
    • 15-02-2017 Appointed· Managing director
  • Michel Grignard
    Administrateur externe
    State Gazette act 18148900 (09-10-2018)
    Former
    09-10-2018 → 19-07-2019
    2 events
    • 19-07-2019 Resigned· Director
    • 09-10-2018 Appointed· Administrateur externe
  • Laurent Franssen
    Director
    State Gazette act 17024880 (15-02-2017)
    Former
    - → 15-02-2017
    2 events
    • 15-02-2017 Resigned· Director
    • 22-02-2016 Resigned· Managing director
  • Yvan Schiemsky
    Director
    State Gazette act 16101932 (20-07-2016)
    Former
    - → 20-07-2016
  • Joseph Bartholomé Joseph
    Director
    State Gazette act 10030501 (26-02-2010)
    Former
    - → 26-02-2010
  • Joseph Bartholomé
    Director
    State Gazette act 06181152 (04-12-2006)
    Former
    - → 04-12-2006
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.

Statutory auditor

2 auditors
Statutory auditor IRE/IBR number Tenure
Henri Vaezen
Commissaire
 - 02-06-2015 → 02-06-2015
Laëtitia Meunier
Commissaire
 - - → 02-06-2015
Appointed statutory auditor from the Belgian State Gazette. The IRE/IBR number refers to the register of the Institute of Registered Auditors.

Insolvency mandates

No insolvency mandates (liquidators, administrators) on record for this company.

Legal Structure

NACE primary Handelsbemiddeling in de groothandel in andere specifieke goederen(46180)
Legal form Public limited company(014)
Incorporation17-02-2006
StatusActive
Postal code4821

Structure & network

Locations & real estate

Registered office

on the map · from the address register
approximate (street level) On OpenStreetMap

Establishment units

1 location
ISSOL
Rue du Progrès 18, 4821 Disonde installatie van elektrische verwarmingsinstallaties
since 20062.152.433.166
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area2,868 m²
Buildings1
Building footprint330 m²
Volume (LiDAR)1,506 m³
Tallest building5.9 m · ±2 fl.

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.

Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
63002A0109/00E000 Wallonia 2,868 m² 1 · 330 m² 5.9 m · 2 fl.
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 found in the Belgian State Gazette. The KBO register does record a special legal situation for this company, so do not read this as a clean bill of health.

Belgisch Staatsblad · acts

11 acts
Capital history · 1
01-04-2015
v3.2
All acts · 11 updated 7 years ago
2019
19-07-2019 3 resigning Director changes
  • Benoît Quittre, Bestuurder
  • Michel Grignard, Bestuurder
  • Jean-Luc Binamé, Bestuurder
Summary: v3.2
2018
09-10-2018 2 directors appointed, 1 resigning Director changes
  • Laurent Quittre, Gedelegeerd bestuurder
  • Michel Grignard, Administrateur externe
  • Jean-Luc Binamé, Gedelegeerd bestuurder
Summary: v3.2
2017
22-12-2017 Benoît Quittre appointed as administrateur externe Director changes
  • Benoît Quittre, Administrateur externe
Summary: v3.2
26-07-2017 5 directors appointed Director changes
  • Laurent Quittre, Administrator
  • Olivier Vanlangenacker, Administrator
  • Alexandre Lecler, Representative of the auditor
  • Henri Vaesen, Representative of the auditor
  • commissaire aux comptes, Auditor
Summary: v3.2
15-02-2017 2 directors appointed, 1 resigning Director changes
  • Jean-Luc Binamé, Bestuurder
  • Jean-Luc Binamé, Gedelegeerd bestuurder
  • Laurent Franssen, Bestuurder
Summary: v3.2
2016
20-07-2016 1 director appointed, 1 resigning Director changes
  • Alexandre Lecler, Représentant permanent du commissaire
  • Yvan Schiemsky, Bestuurder
Summary: v3.2
22-02-2016 1 director appointed, 1 resigning Director changes
  • Olivier Van Langenacker, Gedelegeerd bestuurder
  • Laurent Franssen, Gedelegeerd bestuurder
Summary: v3.2
2015
02-06-2015 1 director appointed, 1 resigning Director changes
  • Henri Vaezen, Commissaire
  • Laëtitia Meunier, Commissaire
Summary: v3.2
01-04-2015 Transaction in capital or shares Capital & shares
Summary: v3.2
2010
26-02-2010 1 director appointed, 1 resigning Director changes
  • Olivier Vanlangenacker, Bestuurder
  • Joseph Bartholomé Joseph, Bestuurder
Summary: v3.2
2006
04-12-2006 1 director appointed, 1 resigning Director changes
  • Olivier Vanlangenacker, Bestuurder
  • Joseph Bartholomé, Bestuurder
Summary: v3.2

Analysis

Snowflake analysis

financial profile on 5 axes
Health0Profitability33Solvency40Growth-Stability0
18 / 100

Fragile profile, watch health in particular.

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

Health 0
Profitability 33
Solvency 40
Growth -
Stability 0

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

Similar

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Comparable size, same sector
We hold annual accounts for 436 of the 4,435 companies in this sector. 154 of them are within a factor 10 of this company's equity.

Company registry

Company registry (CBE)

Crossroads Bank
Activities
Handelsbemiddeling gespecialiseerd in andere goederen46180Handelsbemiddeling in de groothandel in andere specifieke goederen46180Handelsbemiddeling gespecialiseerd in overige goederen, n.e.g.51180Vervaardiging en bewerking van overig glas, inclusief technisch glaswerk23150Vervaardiging en bewerking van ander glas (inclusief technisch glaswerk)23190Elektrotechnische installatiewerken aan gebouwen43211Algemene elektrotechnische installatiewerken43211Elektrische installatie45310Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies70200Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering70220Overige adviesbureaus op het gebied van bedrijfsvoering en beheer74142
Primary activity highlighted.
Names & trade names
Legal nameFR ISSOL
Registered office
Rue du Progrès 18
4821 Dison, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.