Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 7.7 to 6.3.
Financials
Financial year 2025
Insulco from Nivelles, company number BE0405642815, closed financial year 2025 with a result of € 161,943 after tax. For that financial year Insulco recorded a gross margin of € 748,034 and equity of € 1.2 million. Compared with financial year 2024, the result moved from € 105,589 to € 161,943. 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 June 22, 2026.
€ 1.2 million
▲ 15% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 161,943
▲ 53% vs 2024
Profit after tax over the fiscal year.
€ 637,816
▲ 54% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 1.1 million.
People and assets in 2025
6.3
▼ 0.2 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 444,029
▼ 6% vs 2024
€ 70,500 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.
€ 156,184
▲ 8% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 280,423
▲ 134% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 70,739
▲ 75% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 1,221,487 | € 1,142,748 | € 733,054 | € 748,034 | ▲ 2% |
| Profit after taxes | € 529,618 | € 390,884 | € 105,589 | € 161,943 | ▲ 53% |
| Equity | € 1,312,523 | € 1,278,617 | € 1,084,206 | € 1,246,149 | ▲ 15% |
| Total debts | € 1,077,235 | € 1,115,133 | € 480,353 | € 372,620 | ▼ 22% |
| Cash | € 768,734 | € 692,662 | € 414,873 | € 637,816 | ▲ 54% |
| Retained profit | € 1,287,733 | € 1,178,617 | € 984,206 | € 1,146,149 | ▲ 16% |
| Dividend | € 500,000 | € 500,000 | € 300,000 | € 0 | ▼ 100% |
| Balance sheet total | € 2,399,673 | € 2,403,666 | € 1,574,475 | € 1,628,685 | ▲ 3% |
| Employees (FTE) | 7 | 7.7 | 6.5 | 6.3 | ▼ 0.2 |
Key figures of Insulco, 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 Insulco?
What happened at Insulco in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 161,943 (▲ 53% vs 2024). Source: NBB ↗
- New establishment in Nivelles. KBO
- Yves de Baenst became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 529,618 profit in 2022 to € 161,943 profit in 2025.
Paid € 441,452 in corporate taxes since 2022.
Best year ever: 2022, with € 529,618 profit.
On average € 118,700 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
The stake of MATGECO comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
InsulcoBehind Insulco is Yves de Baenst. The shares are held by MATGECO (76%).
Directors
According to the 2025 annual accounts
Yves de Baenst
Director
since 1992
Shareholders
76%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Rue Buisson-aux-Loups 1 box A
1400 Nivelles
Rue Buisson-aux-Loups 1 A
1400 Nivelles
Active since 19 January 2001
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
COMBELL-AS, BE
Website info
Features
Security
Network
Details
- Company number
- 0405.642.815
- VAT number
- BE 0405.642.815
- Registered office
- Rue Buisson-aux-Loups 1 bus A, 1400 Nivelles
- Names & denominations
- Insulco
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 1 January 1968
- Peppol
- Active · Active since 27 Mar 2026
- Contact
- insulco.be
- Activities · NACE
Vervaardiging van kunststofartikelen voor de bouw
Installatie van isolatie
Isolatiewerkzaamheden