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.
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 June 30, 2026.
€ 4.8 million
▲ 20% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 789,596
▼ 21% vs 2024
Profit after tax over the fiscal year.
€ 75,942
▲ € 65,006 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 € 3.8 million.
People and assets in 2025
33.7
▼ 0.3 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 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.
€ 396,224
▲ 124% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 453,674
▲ 65% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 15 days on average.
€ 282,101
▼ 60% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 13,867,140 | € 16,273,777 | € 14,510,443 | € 14,599,063 | ▲ 1% |
| Gross margin | € 3,549,891 | € 4,317,230 | € 4,271,509 | - | |
| Profit after taxes | € 435,493 | € 964,885 | € 1,002,507 | € 789,596 | ▼ 21% |
| Equity | € 2,001,409 | € 2,966,294 | € 3,968,801 | € 4,758,397 | ▲ 20% |
| Total debts | € 1,333,249 | € 1,374,803 | € 1,005,327 | € 1,455,633 | ▲ 45% |
| Cash | € 84,507 | € 75,368 | € 10,936 | € 75,942 | ▲ € 65,006 |
| Retained profit | € 1,002,659 | € 1,967,544 | € 2,970,051 | € 3,759,647 | ▲ 27% |
| Bank debt | € 375,000 | € 0 | € 0 | € 0 | |
| Balance sheet total | € 3,334,658 | € 4,341,098 | € 4,974,128 | € 6,214,029 | ▲ 25% |
| Employees (FTE) | 40 | 38 | 34 | 33.7 | ▼ 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:
- Hendrik SNAUWAERT stepped down as director. NBB
- BTX CONSULT BV stepped down as director. NBB
- MERVIN BV stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 789,596 (▼ 21% vs 2024). Source: NBB ↗
- Hendrik SNAUWAERT became a director. NBB
- MERVIN BV became a director. NBB
- BTX CONSULT BV became a director. NBB
- 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.
A new publication or filing at ISOLTEAM? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of VERMEERSCH LOGISTICS comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
ISOLTEAMThe shares are held by VERMEERSCH LOGISTICS (100%).
Directors
According to the 2025 annual accounts
Hendrik SNAUWAERT
Director
since 2023 · until 2029
Managing director
Also active at: ISOBUILD KORTEMARK, VERMEERSCH LOGISTICS, Isolstar Holding, Green Leaf Topco, IPCOM
since 2022 · until 2028
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
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Makeveldstraat 5A
8610 Kortemark
Makeveldstraat 5B
8610 Kortemark
Active since 2 November 2011
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