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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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 53 % of short-term debt in 2025; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 16.9 to 9.8.
Financials
Financial year 2025
Iso - Calor from Visé, company number BE0406501264, closed financial year 2025 with a result of € -514,193 after tax. For that financial year Iso - Calor recorded a gross margin of € 172,308 and equity of € 51,728. Compared with financial year 2024, the result moved from € -376,092 to € -514,193. The company made a loss. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 13, 2026.
€ 51,728
▲ € 614,554 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -514,193
▼ 37 % more loss than in 2024
Profit after tax over the fiscal year.
€ 25,800
▲ € 22,715 vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -198,272.
People and assets in 2025
9.8
▼ 1.3 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 415,030
▼ 9% vs 2024
€ 42,400 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.
€ 1.6 million
▼ 10% vs 2024
Of which on lease € 1.6 million.
Debts at end 2025
€ 1.5 million
▼ 13% vs 2024
€ 223,308 is repaid this year. At this pace the long-term loan is gone in ≈ 6 years.
€ 254,234
▲ 188% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 71,785
▲ 12% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 478,679 | € 1,055,245 | € 360,931 | € 172,308 | ▼ 52% |
| Profit after taxes | € -313,614 | € 23,699 | € -376,092 | € -514,193 | ▼ € 138,101 |
| Equity | € -210,433 | € -186,734 | € -562,826 | € 51,728 | ▲ € 614,554 |
| Total debts | € 3,901,489 | € 2,764,702 | € 3,074,054 | € 2,439,254 | ▼ 21% |
| Cash | € 39,347 | € 31,769 | € 3,085 | € 25,800 | ▲ € 22,715 |
| Land & buildings | - | - | - | € 17,186 | |
| Retained profit | € -715,433 | € -691,734 | € -1,067,826 | € -198,272 | ▲ € 869,554 |
| Bank debt | € 2,098,047 | € 1,902,010 | € 1,688,812 | € 1,470,621 | ▼ 13% |
| Balance sheet total | € 3,691,057 | € 2,577,968 | € 2,511,227 | € 2,490,981 | ▼ 1% |
| Employees (FTE) | 14 | 16.9 | 11.1 | 9.8 | ▼ 1.3 |
Key figures of Iso - Calor, 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 Iso - Calor?
What happened at Iso - Calor in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- LXB Management SRL stepped down as director. NBB
- NOSHAQ SA stepped down as director. NBB
- Jonas DOUIN stepped down as director. NBB
- DELTA REFRIGERATION SA stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 514,193. Source: NBB ↗
- DELTA REFRIGERATION SA became a director. NBB
- Jonas DOUIN became a director. NBB
- LXB Management SRL became a director. NBB
In short
From € 313,614 loss in 2022 to € 514,193 loss in 2025.
Paid € 648 in corporate taxes since 2022.
Best year ever: 2023, with € 23,699 profit.
On average € 17,600 of value added per employee in 2025.
Management
The stake of DELTA GROUP comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
Iso - CalorThe shares are held by DELTA GROUP (100%).
Directors
According to the 2025 annual accounts
Director · represented by Benoit LEVAUX
Also active at: DAO, PHDJ, DTO, J.P.S, DELTA MAINTENANCE, DELTA REFRIGERATION, DELTA THERMIC, DELTA GROUP +1 more
since 2020 · until 2029
Director · represented by Christine Gerardy
Also active at: FRANKI, DARDENNE, DAO, Bureau d'Etudes Pierre Berger, SOGECOM, NOSHAQ IMMO, GABRIEL, OIL SOLUTIONS +59 more
since 2020 · until 2029
since 2023 · until 2029
Director · represented by Philippe DOUIN
Also active at: DAO, DTO, DELTA MAINTENANCE, DELTA THERMIC, DELTA GROUP
since 2024 · until 2029
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Rue de Maestricht(VIS) 106
4600 Visé
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 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
- 0406.501.264
- VAT number
- BE 0406.501.264
- Registered office
- Rue de Maestricht(VIS) 106, 4600 Visé
- Names & denominations
- Iso - Calor
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 1 April 1969
- Peppol
- Active · Active since 27 Nov 2025
- Contact
- [email protected] 0478707858
- Activities · NACE
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Vervaardiging van uitrusting voor de koeltechniek en klimaatregeling, voor niet-huishoudelijk gebruik
Installatie van isolatie
Isolatiewerkzaamheden
Installatie van verwarming, klimaatregeling, koeling en ventilatie aangedreven door elektriciteit
Installatie van verwarming, klimaatregeling en ventilatie