Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 36 % of short-term debt in 2025; threshold 65 %.
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Figures corrected NBB
Corrected annual account filed for 2025.
Financials
Financial year 2025
Isolants Victor Hallet from Ganshoren, company number BE0401893269, closed financial year 2025 with a result of € 122,653 after tax. For that financial year Isolants Victor Hallet recorded a gross margin of € 2.9 million and equity of € 1.6 million. Compared with financial year 2024, the result moved from € 53,761 to € 122,653. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 2, 2026.
€ 1.6 million
▲ 7% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 122,653
▲ 128% vs 2024
Profit after tax over the fiscal year.
€ 268,236
▲ 97% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 50,000 paid out
41 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
32
▲ 3 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.9 million
▲ 10% vs 2024
€ 58,900 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 352,746
▼ 10% vs 2024
Of which on lease € 284,534.
Debts at end 2025
€ 3.7 million
▲ 18% vs 2024
€ 210,634 is repaid this year. At this pace the long-term loan is gone in ≈ 7 years.
€ 555,725
▼ 27% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 349,326
▼ 14% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 1,885,803 | € 2,641,058 | € 2,592,020 | € 2,892,929 | ▲ 12% |
| Profit after taxes | € 108,768 | € 489,134 | € 53,761 | € 122,653 | ▲ 128% |
| Equity | € 610,783 | € 1,425,732 | € 1,466,103 | € 1,575,367 | ▲ 7% |
| Total debts | € 5,868,811 | € 4,863,666 | € 4,869,952 | € 5,628,669 | ▲ 16% |
| Cash | € 208,160 | € 49,739 | € 136,377 | € 268,236 | ▲ 97% |
| Land & buildings | € 459,978 | € 1,414,697 | € 1,345,987 | € 1,218,075 | ▼ 10% |
| Retained profit | € 70,475 | € 779,208 | € 843,548 | € 976,781 | ▲ 16% |
| Dividend | € 0 | € 0 | € 0 | € 50,000 | |
| Bank debt | € 3,857,907 | € 3,359,230 | € 3,170,917 | € 3,746,576 | ▲ 18% |
| Balance sheet total | € 6,479,594 | € 6,351,780 | € 6,443,616 | € 7,228,198 | ▲ 12% |
| Employees (FTE) | 27.9 | 25.7 | 29 | 32 | ▲ 3 |
Key figures of Isolants Victor Hallet, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to Isolants Victor Hallet?
What happened at Isolants Victor Hallet in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Pierre HALLET stepped down as director. NBB
- Vincent HALLET stepped down as director. NBB
- Alain Francoise stepped down as director. NBB
- Christian NIHOUL stepped down as director. NBB
- Corrected annual accounts filed for financial year 2025. Source: NBB ↗
- Pierre HALLET became a director. NBB
- Vincent HALLET became a director. NBB
- Alain Francoise became a director. NBB
In short
From € 108,768 profit in 2022 to € 122,653 profit in 2025.
Paid € 237,107 in corporate taxes since 2022.
Best year ever: 2023, with € 489,134 profit.
On average € 90,400 of value added per employee in 2025.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
It owns 100% of IVH METAL WORKS itself.
Directors
According to the 2025 annual accounts
Vincent HALLET
Director
since 2024 · until 2030
Alain Francoise
Director
since 2022 · until 2028
since 2024 · until 2030
since 2022 · until 2028
Establishments
Establishment units
Physical locations of this company
Rusatiralaan 9
1083 Ganshoren
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0401.893.269
- VAT number
- BE 0401.893.269
- Registered office
- Rusatiralaan 9, 1083 Ganshoren
- Names & denominations
- Isolants Victor Hallet
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 1 January 1968
- Peppol
- Active · Active since 27 Mar 2026
- Activities · NACE
Groothandel in elektrisch materiaal, inclusief installatiemateriaal
Groothandel in elektrisch materiaal inclusief installatiemateriaal
Vervaardiging van kunststofartikelen voor de bouw