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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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Annual account missing NBB
Fiscal year 2024 was expected before 31 July 2025 and has not been filed.
Financials
Financial year 2023
ISOMO from Kortrijk, company number BE0459454257, closed financial year 2023 with a result of € 454,543 after tax. For that financial year ISOMO recorded revenue of € 19.5 million and equity of € 5.6 million. Compared with financial year 2022, the result moved from € 122,819 to € 454,543. Profitable, and profit is growing. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 12, 2024.
€ 5.6 million
▼ 3% vs 2022
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 454,543
▲ 270% vs 2022
Profit after tax over the fiscal year.
€ 312,070
▼ 24% vs 2022
Cash and bank balances on the last day of the fiscal year.
€ 650,000 paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2023
36.1
▼ 0.2 vs 2022
Average over the fiscal year, from the social balance sheet.
€ 2.3 million
▼ 2% vs 2022
€ 63,100 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.
€ 62,468
▲ 79% vs 2022
Of which on lease € 44,049.
Debts at end 2023
€ 2.4 million
▼ 38% vs 2022
€ 488,876 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 1.4 million
▼ 13% vs 2022
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 33 days on average.
€ 268,969
▼ 31% vs 2022
Taxes, VAT and social contributions still to pay.
| 2021 | 2022 | 2023 | Change 2022 → 2023 | |
|---|---|---|---|---|
| Revenue | € 19,254,937 | € 21,704,850 | € 19,532,731 | ▼ 10% |
| Profit after taxes | € -643,130 | € 122,819 | € 454,543 | ▲ 270% |
| Equity | € 5,933,707 | € 5,806,527 | € 5,611,070 | ▼ 3% |
| Total debts | € 6,152,517 | € 6,161,034 | € 4,235,856 | ▼ 31% |
| Cash | € 291,375 | € 409,051 | € 312,070 | ▼ 24% |
| Land & buildings | € 1,643,287 | € 877,402 | € 827,113 | ▼ 6% |
| Retained profit | € 2,585,672 | € 2,458,491 | € 2,263,035 | ▼ 8% |
| Dividend | € 0 | € 250,000 | € 650,000 | ▲ 160% |
| Bank debt | € 4,429,307 | € 3,878,933 | € 2,392,746 | ▼ 38% |
| Balance sheet total | € 12,183,038 | € 11,980,975 | € 9,846,926 | ▼ 18% |
| Employees (FTE) | 37.3 | 36.3 | 36.1 | ▼ 0.2 |
Key figures of ISOMO, fiscal years 2021 to 2023, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2024 has not been filed yet; it was expected before 31 July 2025.
What happened to ISOMO?
What happened at ISOMO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2023: profit of € 454,543 (▲ 270% vs 2022). Source: NBB ↗
- New establishment in Kortrijk. KBO
- Start of the company according to the CBE. KBO
In short
From € 643,130 loss in 2021 to € 454,543 profit in 2023.
Paid € 208,359 in corporate taxes since 2021.
Best year ever: 2023, with € 454,543 profit.
Paid out € 900,000 in dividends to the owners in total.
Management
The stake of GAMORINE comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
ISOMOBehind ISOMO is Thierry Vereecke. The shares are held by GAMORINE (100%).
Directors
According to the 2023 annual accounts
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Wittestraat(Heu) 1
8501 Kortrijk
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 5 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
- 0459.454.257
- VAT number
- BE 0459.454.257
- Registered office
- Wittestraat(Heu) 1, 8501 Kortrijk
- Names & denominations
- ISOMO
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 13 December 1996
- Peppol
- Active · Active since 21 Nov 2025
- Activities · NACE
Vervaardiging van kunststofartikelen voor de bouw
Vervaardiging van kunststofelementen voor de bouw
Vervaardiging van isolatoren en isolatiemateriaal, van keramische stoffen