Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 48 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
ISOTHERMOS from Anderlecht, company number BE0402963536, closed financial year 2025 with a result of € 1.5 million after tax. For that financial year ISOTHERMOS recorded revenue of € 20.3 million and equity of € 9.4 million. Compared with financial year 2024, the result moved from € 461,616 to € 1.5 million. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on August 27, 2025.
€ 9.4 million
▲ 12% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1.5 million
▲ 229% vs 2024
Profit after tax over the fiscal year.
€ 221,057
▼ 29% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 503,904 paid out
33 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
6.3
▲ 0.3 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 584,361
▲ 13% vs 2024
€ 92,800 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.
€ 23,046
▼ 50% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 900,000
▲ 50% vs 2024
Loans from banks and other lenders, long and short.
€ 1.9 million
▼ 27% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 40 days on average.
€ 1.6 million
▲ 221% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 10,980,678 | € 11,634,084 | € 12,822,128 | € 20,328,393 | ▲ 59% |
| Profit after taxes | € 275,253 | € -131,953 | € 461,616 | € 1,520,791 | ▲ 229% |
| Equity | € 8,082,789 | € 7,950,836 | € 8,412,452 | € 9,429,339 | ▲ 12% |
| Total debts | € 4,338,554 | € 6,741,507 | € 5,676,360 | € 7,414,213 | ▲ 31% |
| Cash | € 823,140 | € 70,539 | € 313,335 | € 221,057 | ▼ 29% |
| Land & buildings | € 1,343,756 | € 1,290,209 | € 1,237,366 | € 2,549,418 | ▲ 106% |
| Retained profit | € 5,787,002 | € 5,655,049 | € 6,116,665 | € 7,133,552 | ▲ 17% |
| Dividend | € 261,490 | € 0 | € 0 | € 503,904 | |
| Bank debt | € 600,000 | € 1,155,890 | € 600,000 | € 900,000 | ▲ 50% |
| Balance sheet total | € 12,756,797 | € 14,982,359 | € 14,383,303 | € 17,199,684 | ▲ 20% |
| Employees (FTE) | 4.1 | 6.6 | 6 | 6.3 | ▲ 0.3 |
Key figures of ISOTHERMOS, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2026 has not been filed yet; it was expected before 1 August 2026.
What happened to ISOTHERMOS?
What happened at ISOTHERMOS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- PITSCH Laurence stepped down as director. NBB
- Cécile VANSTEENKISTE stepped down as director. NBB
- Cédric PITSCH stepped down as director. NBB
- PITSCH Sébastien stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 1.5 million (▲ 229% vs 2024). filed late Source: NBB ↗
- PITSCH Laurence became a director. NBB
- Cécile VANSTEENKISTE became a director. NBB
- Cédric PITSCH became a director. NBB
In short
From € 275,253 profit in 2022 to € 1.5 million profit in 2025.
Paid € 804,909 in corporate taxes since 2022.
Best year ever: 2025, with € 1.5 million profit.
Paid out € 765,394 in dividends to the owners in total.
Management
Directors
According to the 2025 annual accounts
PITSCH Laurence
Director
since 2024 · until 2030
Cécile VANSTEENKISTE
Director
since 2024 · until 2030
Cédric PITSCH
Managing director
since 2024 · until 2030
PITSCH Sébastien
Director
since 2024 · until 2030
Establishments
Establishment units
Physical locations of this company
Weeshuisstraat 44-48
1070 Anderlecht
Weeshuisstraat 44 4
1070 Anderlecht
Active since 1 March 1950
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0402.963.536
- VAT number
- BE 0402.963.536
- Registered office
- Weeshuisstraat 44-48, 1070 Anderlecht
- Names & denominations
- ISOTHERMOS
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 30 March 1950
- Peppol
- Active · Active since 28 May 2026
- Activities · NACE
Groothandel in elektrisch materiaal, inclusief installatiemateriaal
Groothandel in elektrisch materiaal inclusief installatiemateriaal
Niet-gespecialiseerde groothandel
Overige groothandel