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 24.9 to 17.6.
Financials
Financial year 2024
ISOLTEC from Sint-Martens-Latem, company number BE0451914783, closed financial year 2024 with a result of € -329,346 after tax. For that financial year ISOLTEC recorded a gross margin of € 366,294 and equity of € 560,178. Compared with financial year 2023, the result moved from € 28,137 to € -329,346. The company made a loss. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on June 26, 2025.
€ 560,178
▲ € 653,939 vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -329,346
▼ still € 28,137 profit in 2023
Profit after tax over the fiscal year.
€ 125,767
▼ 20% vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -435,514.
People and assets in 2024
17.6
▼ 5.5 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 351,972
▼ 76% vs 2023
€ 20,000 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 2024
€ 1.2 million
▼ 20% vs 2023
€ 35,000 is repaid this year. At this pace the long-term loan is gone in ≈ 35 years.
€ 104,142
▼ 71% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 377
▼ € 134,655 vs 2023
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 1,462,159 | € 1,344,300 | € 1,635,280 | € 366,294 | ▼ 78% |
| Profit after taxes | € -365,269 | € -178,575 | € 28,137 | € -329,346 | ▼ € 357,482 |
| Equity | € 56,678 | € -121,897 | € -93,760 | € 560,178 | ▲ € 653,939 |
| Total debts | € 2,059,872 | € 1,846,362 | € 2,078,581 | € 1,372,051 | ▼ 34% |
| Cash | € 219,740 | € 67,259 | € 156,418 | € 125,767 | ▼ 20% |
| Land & buildings | € 442,949 | € 393,789 | € 344,630 | € 1,280,000 | ▲ 271% |
| Retained profit | € 44,270 | € -134,305 | € -106,168 | € -435,514 | ▼ € 329,346 |
| Bank debt | € 1,624,205 | € 1,589,205 | € 1,554,205 | € 1,241,028 | ▼ 20% |
| Balance sheet total | € 2,125,800 | € 1,724,465 | € 1,984,821 | € 1,932,229 | ▼ 3% |
| Employees (FTE) | 23.9 | 24.9 | 23.1 | 17.6 | ▼ 5.5 |
Key figures of ISOLTEC, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to ISOLTEC?
What happened at ISOLTEC in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: loss of € 329,346 (▼ € 357,482 vs 2023). Source: NBB ↗
- P.C.C. NV became a director. NBB
- New establishment in Sint-Martens-Latem. KBO
- Start of the company according to the CBE. KBO
In short
From € 365,269 loss in 2021 to € 329,346 loss in 2024.
Paid € 4,040 in corporate taxes since 2021.
Best year ever: 2023, with € 28,137 profit.
On average € 20,800 of value added per employee in 2024.
Management
The stake of P.C.C. comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
ISOLTECBehind ISOLTEC is P.C.C. NV. The shares are held by P.C.C. (99.9%).
Directors
According to the 2024 annual accounts
Director · represented by Carlos Van De Velde
Also active at: HASEVOETS POLYURETHAAN ISOLATIE, PLIXXENT Belgium
since 2008
Shareholders
99.9%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Baarle-Frankrijkstraat 13
9830 Sint-Martens-Latem
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 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
- 0451.914.783
- VAT number
- BE 0451.914.783
- Registered office
- Baarle-Frankrijkstraat 13, 9830 Sint-Martens-Latem
- Names & denominations
- ISOLTEC
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 28 December 1993
- Peppol
- Active · Active since 29 Dec 2025
- Activities · NACE
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