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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Tight liquidity NBB
Cash and receivables cover 52 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
IDELCO INSULATION from Wielsbeke, company number BE0475267930, closed financial year 2025 with a result of € 7,622 after tax. For that financial year IDELCO INSULATION recorded revenue of € 59.7 million and equity of € 18 million. Compared with financial year 2024, the result moved from € 34,496 to € 7,622. 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 July 16, 2026.
€ 18 million
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 7,622
▼ 78% vs 2024
Profit after tax over the fiscal year.
€ 1.6 million
▲ 52% 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 € -564,228.
People and assets in 2025
55.1
▲ 12.1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 5 million
▲ 37% vs 2024
€ 91,000 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.
€ 1.2 million
▼ 6% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 7.9 million
▲ 55% vs 2024
€ 337,500 is repaid this year. At this pace the long-term loan is gone in ≈ 14 years.
€ 7.3 million
▲ 5% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 50 days on average.
€ 641,183
▼ 35% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | - | - | € 49,983,587 | € 59,714,913 | ▲ 19% |
| Gross margin | € 1,637,200 | € 1,325,207 | - | - | |
| Profit after taxes | € 195,924 | € -2,134,784 | € 34,496 | € 7,622 | ▼ 78% |
| Equity | € 9,369,329 | € 9,984,545 | € 18,019,041 | € 18,026,662 | |
| Total debts | € 11,237,494 | € 18,751,513 | € 13,365,182 | € 15,820,903 | ▲ 18% |
| Cash | € 1,639,547 | € 654,022 | € 1,079,047 | € 1,635,517 | ▲ 52% |
| Land & buildings | € 4,982,662 | € 8,481,336 | € 8,820,865 | € 8,957,065 | ▲ 2% |
| Retained profit | € 1,528,438 | € -606,346 | € -571,850 | € -564,228 | ▲ € 7,622 |
| Bank debt | € 5,477,500 | € 8,919,242 | € 5,078,529 | € 7,852,399 | ▲ 55% |
| Balance sheet total | € 20,606,823 | € 28,769,458 | € 31,384,222 | € 33,847,566 | ▲ 8% |
| Employees (FTE) | 10.3 | 25.2 | 43 | 55.1 | ▲ 12.1 |
Key figures of IDELCO INSULATION, 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 IDELCO INSULATION?
What happened at IDELCO INSULATION in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Enzo Ide stepped down as director. NBB
- Bremhove NV stepped down as director. NBB
- Vandenweghe Filip BV stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 7,622 (▼ 78% vs 2024). Source: NBB ↗
- Enzo Ide became a director. NBB
- Bremhove NV became a director. NBB
- Vandenweghe Filip BV became a director. NBB
- New establishment in Wielsbeke. KBO
In short
From € 195,924 profit in 2022 to € 7,622 profit in 2025.
Paid € 96,965 in corporate taxes since 2022.
Best year ever: 2022, with € 195,924 profit.
On average € 52,600 of value added per employee in 2023.
Management
The shares are held by Bremhove NV (100%).
Directors
According to the 2025 annual accounts
Enzo Ide
Director
Also active at: The Horizon Company, IMMO TER HILLE, STEELCO, BREMHOVE, B.S.I. BELGIUM, EXAL, TOP INTERNATIONAL SERVICES, TER LINDE INVEST
since 2021 · until 2027
Managing director · represented by Joris Ide
Also active at: FONDATEL LECOMTE, Outilac, Aug. Lebeau-Courally, The Horizon Company, Verkoop en Fabricatie van Metaalprodukten, Charles De Munter, IMMO WILI, DEMBO +37 more
since 2021 · until 2027
since 2021 · until 2027
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Hooiemeersstraat(S.B.V.) 1
8710 Wielsbeke
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0475.267.930
- VAT number
- BE 0475.267.930
- Registered office
- Hooiemeersstraat(S.B.V.) 1, 8710 Wielsbeke
- Names & denominations
- IDELCO INSULATION
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 11 July 2001
- Peppol
- Active · Active since 8 Dec 2025
- Activities · NACE
Vervaardiging van platen, vellen, buizen en profielen van kunststof
Vervaardiging van isolatoren en isolatiemateriaal, van keramische stoffen
Bemiddeling bij de aankoop, verkoop en verhuur van onroerend goed
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen
Ontwikkeling van niet-residentiële bouwprojecten
Overige rechtskundige dienstverlening
Ontwikkeling van residentiële bouwprojecten
Activiteiten van adviesbureaus op het gebied van public relations en communicatie
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