Financials
- Fiscal 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 State 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 ~7.8% per year across the filed fiscal years. Its solvency ranks better than 81% of 2401 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Overview
Activity
Insulation installation
NACE 43230Manufacture of textiles NACE 13960NACE 43291
2 sites
Size
€1.1mturnover 2025
- Staff
- 7.5 FTE
- Equity
- €882,287
- Loss
- -€13,537
Structure
- Parent
- Altrad Services · 99.99%
- Board
- 2 members
Auditor: Grant Thornton bedrijfsrevisorenAccounts 54 d early
Why 66- 1 change of registered office in 24 months- Liquidity: current ratio 3.39+ Founded in 1994+ Equity €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%
Better than 48% of its sector peers (NACE 43, micro)
Performance against the sector, not lower risk
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%▲ +3.5% vs 11-2024
01-2025: 0.4%● 0.0% vs 12-2024
02-2025: 0.4%▼ -2.9% vs 01-2025
03-2025: 0.5%▲ +23.5% vs 02-2025
04-2025: 0.2%▼ -54.8% vs 03-2025
05-2025: 0.2%● 0.0% vs 04-2025
06-2025: 0.2%● 0.0% vs 05-2025
07-2025: 0.2%● 0.0% vs 06-2025
08-2025: 0.2%▼ -4.2% vs 07-2025
09-2025: 0.2%● 0.0% vs 08-2025
10-2025: 0.2%● 0.0% vs 09-2025
11-2025: 0.2%● 0.0% vs 10-2025
12-2025: 0.2%▲ +3.9% vs 11-2025
01-2026: 0.2%▼ -1.3% vs 12-2025
02-2026: 0.2%▼ -3.4% vs 01-2026lowest value
03-2026: 1.1%▲ +382% vs 02-2026highest value
04-2026: 1.1%● 0.0% vs 03-2026highest value
05-2026: 1.1%● 0.0% vs 04-2026highest value
06-2026: 1.1%● 0.0% vs 05-2026highest value
07-2026: 1.1%● 0.0% vs 06-2026highest value
08-2026: 1.1%● 0.0% vs 07-2026highest value
09-2026: 1.1%● 0.0% vs 08-2026highest value
10-2026: 1.1%● 0.0% vs 09-2026highest value
- 1 change of registered office in 24 months raises the probability
- Founded in 1994 lowers the probability for this profile
- Liquidity: current ratio 3.39 raises the probability
- Equity €882,287 (70.6% of total assets) lowers the probability
Credit up to €55,000 at 30 days acceptable
Liquidity ample (current ratio 3.39 against 3.73 in 2024; short-term debt: 28.2% of total assets), and 29.4% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 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% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 43, micro). Better than this share of them on solvency 76%, liquidity 75%, profitability 12%, growth against the median 28%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 04-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
Credit check for your own amount and term
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 d early
2024
19 d early
2023
40 d early
2022
7 d early
2021
48 d early
2020
37 d early
2019
28 d 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 for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-08-2026 and is due by 31-03-2027. Nothing is late today. Usually files around 20 February (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
31-08-2026 close05-10-2026 today31-03-2027 deadline
- Registered office · Statutes amendmentRegistered-office move · Capital ·…
- Annual accounts filedfiscal 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 €41,960 · 2,401 companies -€13,537 View
- Positive: Always filed on timeaccounts 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
Go to Board & ownership
Network & group
- Group
- Altrad Logistics Benelux
- Connected companies
- 1
Timeline
- Events
- 32
- Since
- 2010
- Next accounts
- by 31-03-2027
- 12-02-2026Registered office · Statutes amendment
- 05-02-2026Annual accounts filed
- 31-08-2025Weakest financial year
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
- 17
- Annual meeting
- First Tuesday of February at 10:00
- Purpose
- De onderneming voor bouw, herstel en onderhoud van de wegen, rioleringswerken, distributie…
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