Financials
- Financial year
- 2025
- Turnover
- €1.1m
- Loss
- -€13,537
- Solvency
- 70.6%
Turnover▼ 19.9%
Net result
20192025
REMOVE INSUL
ActiveSummary
REMOVE INSUL has been active since 1994 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €882,287 and a net result of -€13,537. Equity is growing by about 7.8% per year across the filed financial years. Its solvency ranks better than 82% of 2,396 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Overview
Activity
Insulation installation
NACE 43230Manufacture of textiles NACE 13960
2 sites
Size
€1.1mturnover 2025
- Staff
- 7.5 FTE
- Equity
- €882,287
- Loss
- -€13,537
Structure
- Parent
- Altrad Services · 99.99%
- ANFI Services BVDirector · permanent representative Patrick Breyne
- BPF BVDirector · permanent representative Geert Killemaes
Auditor: Grant Thornton bedrijfsrevisorenAccounts 54 days early
Why 66raises risk1 change of registered office in 24 monthsLiquidity: current ratio 3.39lowers riskFounded in 1994Equity €882,287 (70.6% of total assets)Show the evidence
Checked score
Score 2025
66
/ 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially better than 48% of its sector peers (NACE 43, micro)
Financial strength · tick = 2024
Strong
Solvency
96-1
equity 70.6% of total assets
Liquidity
77-2
short-term debt 28.2%
Profitability
13-57
return on assets -1.1%
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 0.4%
12-2024: 0.4%● unchanged vs 11-2024
01-2025: 0.4%● unchanged vs 12-2024
02-2025: 0.4%● unchanged vs 01-2025
03-2025: 0.5%▲ +0.1 percentage points vs 02-2025
04-2025: 0.2%▼ -0.3 percentage points vs 03-2025
05-2025: 0.2%● unchanged vs 04-2025
06-2025: 0.2%● unchanged vs 05-2025
07-2025: 0.2%● unchanged vs 06-2025
08-2025: 0.2%● unchanged vs 07-2025
09-2025: 0.2%● unchanged vs 08-2025
10-2025: 0.2%● unchanged vs 09-2025
11-2025: 0.2%● unchanged vs 10-2025
12-2025: 0.2%● unchanged vs 11-2025
01-2026: 0.2%● unchanged vs 12-2025
02-2026: 0.2%● unchanged vs 01-2026lowest value
03-2026: 1.1%▲ +0.9 percentage points vs 02-2026highest value
04-2026: 1.1%● unchanged vs 03-2026highest value
05-2026: 1.1%● unchanged vs 04-2026highest value
06-2026: 1.1%● unchanged vs 05-2026highest value
07-2026: 1.1%● unchanged vs 06-2026highest value
08-2026: 1.1%● unchanged vs 07-2026highest value
09-2026: 1.1%● unchanged vs 08-2026highest value
10-2026: 1.1%● unchanged vs 09-2026highest value
Credit of up to €55,000 on 30-day terms is acceptable
Liquidity ample (current ratio 3.39, compared with 3.73 in 2024, above the usual 1.5; short-term debt: 28.2% of total assets), and 29.4% of the assets are financed with debt and provisions.
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro): better than 76% on solvency, 75% on liquidity, 12% on profitability and 28% on growth.
The bankruptcy probability was computed on 13-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-08-2025 was due by 31-03-2026 and was filed on 05-02-2026, 54 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
54 days early
2024
19 days early
2023
40 days early
2022
7 days early
2021
48 days early
2020
37 days early
2019
28 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 33 days before the deadline; the sector median (NACE 43) for financial year 2024 is 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 31-08-2026 is due by 31-03-2027. Nothing is late today. The company usually files around 20 February (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsWhere today falls in the filing period
31-08-2026 year end14-10-2026 today31-03-2027 deadline
- Registered office · Amendment of the…Registered-office move · Capital ·…
- Annual accounts filedfinancial year 2025 · full…
- Weakest financial yearnet -€13,537
Key points
- Caution: From profit to loss in 2025after €105,332 in 2024 -€13,537 View
- Caution: Among the weakest 16% on net resultsector median €42,362 · 2,397 companies -€13,537 View
- Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
- Controlled by Altrad Servicesknown shareholders 100% 99.99% View
By topic
Board & ownership
- Board
- 2 members
- Parent
- Altrad Services · 99.99%
- Known shareholders
- 100%
- Auditor
- Grant Thornton bedrijfsrevisoren
- ANFI Services BVDirector
- BPF BVDirector
Network & group
- Group
- Altrad Logistics Benelux
- Connected companies
- 1
Timeline
- Events
- 52
- Since
- 1997
- Next accounts
- by 31-03-2027
- 12-03-2025Annual accounts filed
- 20-02-2024Annual accounts filed
- 25-10-2023Resignations & appointments
Company details
- Sites
- 2
- Legal form
- Public limited company
- Activity
- Insulation installationNACE 43230
- Founded
- 23-09-1994
- Year ends
- 31-08
- Peppol
- Reachable for e-invoices
Articles of association
- Provisions read
- 16
- Annual meeting
- First Tuesday of February at 10:00
- Purpose
- “De onderneming voor bouw, herstel en onderhoud van de wegen, rioleringswerken, distributie…” (deed in Dutch)
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