Financials
Financial year 2025
ISOBUILD KORTEMARK from Kortemark, company number BE0413000165, closed financial year 2025 with a result of € 6.8 million after tax. For that financial year ISOBUILD KORTEMARK recorded revenue of € 29.8 million and equity of € 66.4 million. Compared with financial year 2024, the result moved from € 10 million to € 6.8 million. The company is profitable. 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 30, 2026.
€ 66.4 million
▲ 11% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 6.8 million
▼ 33% vs 2024
Profit after tax over the fiscal year.
€ 48,984
▲ 225% 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 € 66.3 million.
People and assets in 2025
13.7
▼ 0.5 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.2 million
▼ 10% vs 2024
€ 89,900 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.
€ 68,160
▼ 15% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 37.7 million
Loans from banks and other lenders, long and short.
€ 1 million
▲ 103% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 13 days on average.
€ 247,139
▼ 30% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 40,486,456 | € 30,775,147 | € 25,432,601 | € 29,813,005 | ▲ 17% |
| Profit after taxes | € 7,248,008 | € 7,635,669 | € 10,043,988 | € 6,776,981 | ▼ 33% |
| Equity | € 41,970,640 | € 49,606,310 | € 59,650,298 | € 66,427,279 | ▲ 11% |
| Total debts | € 41,579,788 | € 43,768,400 | € 40,615,705 | € 41,091,133 | ▲ 1% |
| Cash | € 19,727 | € 243,551 | € 15,051 | € 48,984 | ▲ 225% |
| Retained profit | € 41,880,640 | € 49,516,310 | € 59,560,298 | € 66,337,279 | ▲ 11% |
| Bank debt | € 37,928,184 | € 37,677,612 | € 37,677,612 | € 37,677,612 | |
| Balance sheet total | € 83,553,285 | € 93,374,709 | € 100,266,003 | € 107,518,412 | ▲ 7% |
| Employees (FTE) | 13.9 | 13.6 | 14.2 | 13.7 | ▼ 0.5 |
Key figures of ISOBUILD KORTEMARK, 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 ISOBUILD KORTEMARK?
What happened at ISOBUILD KORTEMARK in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- BTX CONSULT BV stepped down as director. NBB
- LDB CONSULTING BV stepped down as director. NBB
- VNI INVEST BV stepped down as director. NBB
- MERVIN BV stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 6.8 million (▼ 33% vs 2024). Source: NBB ↗
- BTX CONSULT BV became a director. NBB
- LDB CONSULTING BV became a director. NBB
- VNI INVEST BV became a director. NBB
In short
From € 7.2 million profit in 2022 to € 6.8 million profit in 2025.
Paid € 212,674 in corporate taxes since 2022.
Best year ever: 2024, with € 10 million profit.
Pays suppliers within 13 days on average.
A new publication or filing at ISOBUILD KORTEMARK? We notify you, reason included.
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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 VERMEERSCH LOGISTICS comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
ISOBUILD KORTEMARKThe shares are held by VERMEERSCH LOGISTICS (100%). It owns 100% of ISOPARTNER TECHNICAL INSULATION SOLUTIONS LTD, 100% of ISOBUILD HOBOKEN NV, 100% of ISOBUILD VERVIERS NV and 100% of ISOPARTNER SCHWEIZ AG itself.
Directors
According to the 2025 annual accounts
Managing director
Also active at: VERMEERSCH LOGISTICS, Isolstar Holding, Green Leaf Topco, IPCOM, ISOLTEAM
since 2024 · until 2030
Director
Also active at: CAREMISO, TECHNICAS, INSULCON N.V., ISOBUILD HOBOKEN, VERMEERSCH LOGISTICS, Isolstar Holding, Green Leaf Topco, Green Leaf Midco 1 +5 more
since 2023 · until 2029
Director
Also active at: ISOBUILD VERVIERS, TECHNICAS, GRL Glass Recycling, GRL Logistics, ISOBUILD HOBOKEN, GRL HOLDING, VERMEERSCH LOGISTICS, ISOLTEAM
since 2023 · until 2028
Director
Also active at: VERMEERSCH LOGISTICS, CASA BOUW HOLDING, Hexagon Invest, HEXAGON INVEST II, CASA HOLDING
since 2023 · until 2029
Shareholders
100%
Participations
ISOPARTNER TECHNICAL INSULATION SOLUTIONS LTD
100%
100%
100%
ISOPARTNER SCHWEIZ AG
100%
Establishments
Establishment units
Physical locations of this company
Makeveldstraat 5 box A
8610 Kortemark
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.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
COMBELL-AS, BE
Website info
Features
Security
Network
Details
- Company number
- 0413.000.165
- VAT number
- BE 0413.000.165
- Registered office
- Makeveldstraat 5 bus A, 8610 Kortemark
- Names & denominations
- ISOBUILD KORTEMARK
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 13 February 1973
- Peppol
- Active · Active since 5 Jan 2026
- Contact
- isobuild-group.be
- Activities · NACE
Groothandel in bouwmaterialen, algemeen assortiment
Groothandel in verf, vernis en bouwmaterialen, inclusief sanitair