What does ISOLTEAM do?

ISOLTEAM is a specialised building contractor in Kortemark. Public Limited, started on 7 November 2011, 2 establishments.

What is the address of ISOLTEAM?

The registered office of ISOLTEAM is located at Makeveldstraat 5A, 8610 Kortemark.

Is ISOLTEAM still active?

Yes. According to the CBE (29 October 2026) ISOLTEAM is active, legal situation “Normale toestand”, started on 7 November 2011.

Is ISOLTEAM registered on Peppol?

Yes, ISOLTEAM is registered on the Peppol network with ID 0208:0840835293.

What is the enterprise number of ISOLTEAM?

The enterprise number of ISOLTEAM is BE0840835293.

When was ISOLTEAM founded?

ISOLTEAM was founded on 7 November 2011.

Who are the directors of ISOLTEAM?

According to the 2025 annual accounts, the directors of ISOLTEAM are: Hendrik SNAUWAERT, BTX CONSULT BV, MERVIN BV.

Is ISOLTEAM a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 7 November 2011; 5 annual accounts filed, latest fiscal year 2025; 3 directors known from the annual account; 2 establishments in the CBE.

How much profit did ISOLTEAM make in 2025?

ISOLTEAM posted a profit after taxes of € 789,596 in financial year 2025.

What is the revenue of ISOLTEAM?

In its most recent annual accounts (2025), ISOLTEAM reported revenue of € 14,599,063.

How much does an employee at ISOLTEAM earn?

The average wage cost per full-time employee at ISOLTEAM was € 73,500 in 2025: staff costs of € 2.5 million for 33.7 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does ISOLTEAM have?

According to the 2025 annual accounts, ISOLTEAM has 33.7 full-time equivalents (FTE).

ISOLTEAM (Public Limited) - Kortemark - BE0840835293

Dossier ISOLTEAM, printed on 29 October 2026 from databakkes.be/en/0840835293/isolteam. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

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 38 to 33.7.
Figures corrected NBB

Corrected annual account filed for 2025.

Financials

Financial year 2025

ISOLTEAM from Kortemark, company number BE0840835293, closed financial year 2025 with a result of € 789,596 after tax. For that financial year ISOLTEAM recorded revenue of € 14.6 million and equity of € 4.8 million. Compared with financial year 2024, the result moved from € 1 million to € 789,596. 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 September 21, 2026.

What it is worth Growing

€ 4.8 million

▲ 20% vs 2024

Assets minus debts, by the books. What is left if everything were sold and paid today.

Profit Healthy

€ 789,596

▼ 21% vs 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 75,942

▲ € 65,006 vs 2024

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Growing

Stays in the company

No dividend for 2025. Retained profit grew to € 3.8 million.

People and assets in 2025

Full-time equivalents

33.7

▼ 0.3 vs 2024

Average over the fiscal year, from the social balance sheet.

Wage cost Staff costs are payroll only. Director pay sits with services and miscellaneous goods: € 1.9 million in 2025, together with rent, insurance, accountants and other services. The accounts do not split that further.

€ 2.5 million

▼ 4% vs 2024

€ 73,500 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.

Vehicles and equipment

€ 396,224

▲ 124% vs 2024

Book value of vehicles, furniture and equipment.

Debts at end 2025

Bank debt

None

No bank loans on the last day of the fiscal year.

Owed to suppliers

€ 453,674

▲ 65% vs 2024

Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 15 days on average.

Taxes and wages

€ 282,101

▼ 60% vs 2024

Taxes, VAT and social contributions still to pay.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Revenue	€ 13,867,140 Revenue 2022: € 13,867,140 First fiscal year in the series	€ 16,273,777 Revenue 2023: € 16,273,777 ▲ 17% vs 2022 (€ 13,867,140) Favourable step	€ 14,510,443 Revenue 2024: € 14,510,443 ▼ 11% vs 2023 (€ 16,273,777) Unfavourable step	€ 14,599,063 Revenue 2025: € 14,599,063 ▲ 1% vs 2024 (€ 14,510,443) Favourable step	▲ 1%
Gross margin	€ 3,549,891 Gross margin 2022: € 3,549,891 First fiscal year in the series	€ 4,317,230 Gross margin 2023: € 4,317,230 ▲ 22% vs 2022 (€ 3,549,891) Favourable step	€ 4,271,509 Gross margin 2024: € 4,271,509 ▼ 1% vs 2023 (€ 4,317,230) Unfavourable step	-
Profit after taxes	€ 435,493 Profit after taxes 2022: € 435,493 First fiscal year in the series	€ 964,885 Profit after taxes 2023: € 964,885 ▲ 122% vs 2022 (€ 435,493) Favourable step	€ 1,002,507 Profit after taxes 2024: € 1,002,507 ▲ 4% vs 2023 (€ 964,885) Favourable step	€ 789,596 Profit after taxes 2025: € 789,596 ▼ 21% vs 2024 (€ 1,002,507) Unfavourable step	▼ 21%
Equity	€ 2,001,409 Equity 2022: € 2,001,409 First fiscal year in the series	€ 2,966,294 Equity 2023: € 2,966,294 ▲ 48% vs 2022 (€ 2,001,409) Favourable step	€ 3,968,801 Equity 2024: € 3,968,801 ▲ 34% vs 2023 (€ 2,966,294) Favourable step	€ 4,758,397 Equity 2025: € 4,758,397 ▲ 20% vs 2024 (€ 3,968,801) Favourable step	▲ 20%
Total debts	€ 1,333,249 Total debts 2022: € 1,333,249 First fiscal year in the series	€ 1,374,803 Total debts 2023: € 1,374,803 ▲ 3% vs 2022 (€ 1,333,249) Unfavourable step	€ 1,005,327 Total debts 2024: € 1,005,327 ▼ 27% vs 2023 (€ 1,374,803) Favourable step	€ 1,455,633 Total debts 2025: € 1,455,633 ▲ 45% vs 2024 (€ 1,005,327) Unfavourable step	▲ 45%
Cash	€ 84,507 Cash 2022: € 84,507 First fiscal year in the series	€ 75,368 Cash 2023: € 75,368 ▼ 11% vs 2022 (€ 84,507) Unfavourable step	€ 10,936 Cash 2024: € 10,936 ▼ 85% vs 2023 (€ 75,368) Unfavourable step	€ 75,942 Cash 2025: € 75,942 ▲ € 65,006 vs 2024 (€ 10,936) Favourable step	▲ € 65,006
Retained profit	€ 1,002,659 Retained profit 2022: € 1,002,659 First fiscal year in the series	€ 1,967,544 Retained profit 2023: € 1,967,544 ▲ 96% vs 2022 (€ 1,002,659) Favourable step	€ 2,970,051 Retained profit 2024: € 2,970,051 ▲ 51% vs 2023 (€ 1,967,544) Favourable step	€ 3,759,647 Retained profit 2025: € 3,759,647 ▲ 27% vs 2024 (€ 2,970,051) Favourable step	▲ 27%
Bank debt	€ 375,000 Bank debt 2022: € 375,000 First fiscal year in the series	€ 0 Bank debt 2023: € 0 ▼ 100% vs 2022 (€ 375,000) Favourable step	€ 0 Bank debt 2024: € 0 Unchanged (€ 0) Unchanged	€ 0 Bank debt 2025: € 0 Unchanged (€ 0) Unchanged
Balance sheet total	€ 3,334,658 Balance sheet total 2022: € 3,334,658 First fiscal year in the series	€ 4,341,098 Balance sheet total 2023: € 4,341,098 ▲ 30% vs 2022 (€ 3,334,658) Unchanged	€ 4,974,128 Balance sheet total 2024: € 4,974,128 ▲ 15% vs 2023 (€ 4,341,098) Unchanged	€ 6,214,029 Balance sheet total 2025: € 6,214,029 ▲ 25% vs 2024 (€ 4,974,128) Unchanged	▲ 25%
Employees (FTE)	40 Employees (FTE) 2022: 40 First fiscal year in the series	38 Employees (FTE) 2023: 38 ▼ 2 vs 2022 (40) Unchanged	34 Employees (FTE) 2024: 34 ▼ 4 vs 2023 (38) Unchanged	33.7 Employees (FTE) 2025: 33.7 ▼ 0.3 vs 2024 (34) Unchanged	▼ 0.3

Key figures of ISOLTEAM, 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 ISOLTEAM?

What happened at ISOLTEAM in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

2029 Hendrik SNAUWAERT stepped down as director. NBB
2028 BTX CONSULT BV stepped down as director. NBB
2028 MERVIN BV stepped down as director. NBB
Sep 21, 2026 Corrected annual accounts filed for financial year 2025. filed late Source: NBB ↗
2023 Hendrik SNAUWAERT became a director. NBB
2023 MERVIN BV became a director. NBB
2022 BTX CONSULT BV became a director. NBB
Jan 1, 2016 New establishment in Denderleeuw. KBO

In short

From € 435,493 profit in 2022 to € 789,596 profit in 2025.

Paid € 1 million in corporate taxes since 2022.

Best year ever: 2024, with € 1 million profit.

On average € 125,600 of value added per employee in 2024.

Original PDFs at the National Bank ↗

Management

VERMEERSCH LOGISTICS 100%

The stake of VERMEERSCH LOGISTICS comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.

ISOLTEAM

The shares are held by VERMEERSCH LOGISTICS (100%).

Directors

According to the 2025 annual accounts

Hendrik SNAUWAERT

Director

since 2023 · until 2029

BTX CONSULT BV

Managing director

Also active at: ISOBUILD KORTEMARK, VERMEERSCH LOGISTICS, Isolstar Holding, Green Leaf Topco, IPCOM

since 2022 · until 2028

MERVIN BV

Director · represented by Daniël Van den Branden

Also active at: ISOBUILD VERVIERS, TECHNICAS, ISOBUILD KORTEMARK, GRL Glass Recycling, GRL Logistics, ISOBUILD HOBOKEN, GRL HOLDING, VERMEERSCH LOGISTICS

since 2023 · until 2028

Shareholders

VERMEERSCH LOGISTICS

100%

Participations

No participations in other companies reported.

Establishments

Establishment units

Physical locations of this company

Registered office

Makeveldstraat 5A

8610 Kortemark

2.209.989.503

Makeveldstraat 5B

8610 Kortemark

Active since 2 November 2011

2.260.826.510

Raaplandstraat 22 box 4

9473 Denderleeuw

Active since 1 January 2016

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Details

Company number

0840.835.293

VAT number

BE 0840.835.293

Registered office

Makeveldstraat 5A, 8610 Kortemark

Names & denominations

ISOLTEAM

Enterprise type

Rechtspersoon

Legal form

Public limited company

Legal situation

Normale toestand

Start date

7 November 2011

Peppol

Active · Active since 18 Dec 2025

Activities · NACE

Installatie van isolatie

Groothandel in bouwmaterialen, algemeen assortiment

Isolatiewerkzaamheden

Handelsbemiddeling in de groothandel in hout en bouwmaterialen

Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies

Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering

View on CBE Public ↗ Annual accounts (NBB) ↗

ISOLTEAM

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Financials

What happened to ISOLTEAM?

Management

Directors

Shareholders

Participations

Establishments

Establishment units

Details

Frequently asked questions