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 20 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
IS Werken from Wommelgem, company number BE0421968707, closed financial year 2025 with a result of € 766,919 after tax. For that financial year IS Werken recorded revenue of € 1.7 million and equity of € 1.3 million. Compared with financial year 2024, the result moved from € 713,059 to € 766,919. 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 July 10, 2026.
€ 1.3 million
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 766,919
▲ 8% vs 2024
Profit after tax over the fiscal year.
€ 2,467
▲ 40% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 766,800 paid out
100 % of the profit went to the shareholders, mostly to ASC Participations (100 % of the shares). That is where the money ends up.
People and assets in 2025
26.8
▲ 0.5 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.1 million
▼ 14% vs 2024
€ 39,700 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.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 468,919
▲ 69% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 397 days on average.
€ 81,908
▼ 10% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 2,171,218 | € 1,921,899 | € 2,146,290 | € 1,744,888 | ▼ 19% |
| Profit after taxes | € 1,051,115 | € 876,320 | € 713,059 | € 766,919 | ▲ 8% |
| Equity | € 1,229,858 | € 1,321,378 | € 1,327,637 | € 1,327,757 | |
| Total debts | € 334,574 | € 1,160,124 | € 1,076,364 | € 1,326,207 | ▲ 23% |
| Cash | € 84,340 | € 79,049 | € 1,761 | € 2,467 | ▲ 40% |
| Retained profit | € 1,081,122 | € 1,172,642 | € 1,178,901 | € 1,179,020 | |
| Dividend | € 0 | € 784,800 | € 706,800 | € 766,800 | ▲ 8% |
| Balance sheet total | € 1,800,709 | € 2,716,788 | € 2,630,571 | € 2,882,905 | ▲ 10% |
| Employees (FTE) | 28.2 | 29.5 | 26.3 | 26.8 | ▲ 0.5 |
Key figures of IS Werken, 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 IS Werken?
What happened at IS Werken in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 766,919 (▲ 8% vs 2024). Source: NBB ↗
- Patrick RINALDI became a director. NBB
- New establishment in Flémalle. KBO
- Start of the company according to the CBE. KBO
In short
From € 1.1 million profit in 2022 to € 766,919 profit in 2025.
Paid € 495,428 in corporate taxes since 2022.
Best year ever: 2022, with € 1.1 million profit.
Paid out € 2.3 million in dividends to the owners in total.
Management
The stake of ASC Participations comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
IS WerkenBehind IS Werken is Patrick RINALDI. The shares are held by ASC Participations (99.9%). It owns 99.8% of ZENIT SCHILDERWERKEN NV itself.
Directors
According to the 2025 annual accounts
Patrick RINALDI
Managing director
Also active at: Les Entreprises Yvo Rinaldi, LE DECORATEUR MICHEL, TECRIN, KPP INVEST, RL IMMO, NUMERIS, R.L.RéaLisation, Zenit Schilderwerken
since 2023
Shareholders
99.9%
Participations
99.8%
Establishments
Establishment units
Physical locations of this company
Autolei 228
2160 Wommelgem
Parc Industriel 4
4400 Flémalle
Active since 1 January 2009
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 6 companies are registered at this address.
All companies at this address →SYSMEX BELGIUM
€ 31.7 million revenue · 2026
ACCTAL Accountancy & Fiscaliteit
€ 440,221 gross margin · 2025
LIVING THE DIDI STYLE
MBI BETON
€ 7.3 million revenue · 2025
Zenit Schilderwerken same network
€ 2.7 million revenue · 2025
+1 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0421.968.707
- VAT number
- BE 0421.968.707
- Registered office
- Autolei 228, 2160 Wommelgem
- Names & denominations
- IS Werken
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 1 October 1981
- Peppol
- Active · Active since 27 Oct 2025
- Activities · NACE
Schilderen van gebouwen
Schilderen
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