Atelier ISTACE
ActiveAtelier ISTACE has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.48M and a net result of €227k. Equity is growing by ~22.6% per year across the filed fiscal years. Its solvency ranks better than 83% of 2037 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
78
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability77▲+2
Solvency97▲+9
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €190k at 30 days acceptable
Liquidity ample (current ratio 3.37 against 1.92 in 2024; short-term debt: 17.2% and cash: 5% of total assets), and 28% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
72%
Return on assets
6.6%
Age of the figures
12 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 13-03-2026, 48 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
48 d early
2024
27 d early
2023
54 d early
2022
30 d early
2021
32 d early
2020
35 d early
2019
13 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
19-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€227k▲ 27.0%
2024 · €179k
2018: €50k
2019: €134k
2020: €144k
2021: €247k
2022: €649k
2023: €294k
2024: €179k
2018 → 2025
Working capital
€1.41M▲ 93.7%
2024 · €726k
2018: €449k
2019: €500k
2020: €492k
2021: €687k
2022: €-28k
2023: €391k
2024: €726k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.13M-€1.77M▲ 56.8%€2.08M▲ 17.7%€2.26M▲ 8.4%€2.48M▲ 9.7%
Operating result€297k-€724k▲ 144%€391k▼ 45.9%€227k▼ 42.1%€329k▲ 45.0%
Net result€247k-€649k▲ 162%€294k▼ 54.6%€179k▼ 39.3%€227k▲ 27.0%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 45% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.44M
Fixed assets
€1.44M▼ 31.3%
Current assets
€2.00M▲ 32.0%
Equity and liabilities €3.44M
Equity
€2.48M▲ 9.7%
Provisions
€23k▼ 1.8%
Debt
€939k▼ 29.4%
The debt ratio falls from 36.8% to 27.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€798k▼
2024 · €805k
Cash flow
€696k▼
2024 · €757k
Solvency
72.0%▲
2024 · 62.5%
Current ratio
3.37▲
2024 · 1.92
Quick ratio
2.76▲
2024 · 1.55
Debt / equity
0.38▼
2024 · 0.59
ROE
9.1%▲
2024 · 7.9%
ROA
6.6%▲
2024 · 4.9%
Interest coverage
27.99▲
2024 · 25.02
Debt
€939k▼
2024 · €1.33M
Debt ≤ 1 year
€593k▼
2024 · €789k
Debt > 1 year
€345k▼
2024 · €542k
Income taxes
€88k▲
2024 · €67k
Staff costs
€685k▲
2024 · €630k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€3.61M€3.44M▼
Fixed assets21/28€2.10M€1.44M▼
Intangible fixed assets21€6k€5k▼
Tangible fixed assets22/27€2.04M€1.29M▼
Land and buildings22€744k€615k▼
Plant, machinery and equipment23€680k€480k▼
Furniture and vehicles24€620k€200k▼
Financial fixed assets28€50k€143k▲
Current assets29/58€1.51M€2.00M▲
Amounts receivable after more than one year29-€203k
Other amounts receivable291-€203k
Stocks and contracts in progress3€294k€364k▲
Stocks30/36€294k€364k▲
Amounts receivable within one year40/41€1.18M€1.25M▲
Trade receivables40€864k€594k▼
Other amounts receivable41€316k€655k▲
Cash at bank and in hand54/58€21k€172k▲
Deferred charges and accrued income490/1€20k€11k▼
Equity and liabilities
Total equity and liabilities10/49€3.61M€3.44M▼
Equity10/15€2.26M€2.48M▲
Contributions10/11€19k€19k=
Reserves13€1.75M€2.39M▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€67k€66k▼
Distributable reserves133€1.68M€2.33M▲
Profit (loss) carried forward14€449k€27k▼
Investment grants15€47k€40k▼
Provisions and deferred taxes16€24k€23k▼
Provisions for liabilities and charges160/5€20k€20k=
Pensions and similar obligations160€20k€20k=
Deferred taxes168€4k€3k▼
Amounts payable17/49€1.33M€939k▼
Amounts payable after more than one year17€542k€345k▼
Financial debts170/4€542k€345k▼
Amounts payable within one year42/48€789k€593k▼
Current portion of amounts payable after more than one year42€240k€197k▼
Trade debts44€470k€288k▼
Suppliers440/4€470k€288k▼
Taxes, remuneration and social security45€78k€108k▲
Taxes450/3€2k€21k▲
Remuneration and social security454/9€76k€88k▲
Other amounts payable47/48€1k-
Accrued charges and deferred income492/3-€1k
Income statement
Code20242025
Non-recurring operating income76A€18k€206k▲
Remuneration, social security and pensions62€630k€685k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€579k€469k▼
Other operating charges640/8€21k€16k▼
Non-recurring operating charges66A€1k€463▼
Gross operating margin9900€1.46M€1.50M▲
Operating profit (loss)9901€227k€329k▲
Financial income75/76B€52k€14k▼
Recurring financial income75€50k€14k▼
Non-recurring financial income76B€1k-
Financial charges65/66B€33k€29k▼
Recurring financial charges65€32k€29k▼
Non-recurring financial charges66B€564-
Profit (loss) for the period before taxes9903€246k€314k▲
Transfer from deferred taxes780€425€425=
Income taxes67/77€67k€88k▲
Profit (loss) for the period9904€179k€227k▲
Transfer from tax-exempt reserves789€1k€1k=
Profit (loss) for the period to be appropriated9905€180k€228k▲
Appropriation of the result
Profit (loss) to be appropriated9906€449k€677k▲
Profit (loss) brought forward from the previous period14P€269k€449k▲
Transfer to equity691/2-€650k
To other reserves6921-€650k
Social balance
Average headcount (FTE)908712.813.3▲
The notes to these accounts (18 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
13-03
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
03-04
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
07-03
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
30-09
Financial
Equity above €2MEq €2.08M ▲17.7%
6 profitable years in a row build equity to €2.08M.
31-03
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
30-09
Financial
Highest result since 2018net €649k ▲162%
Operating result €724k, net result €649k, both a record.
29-03
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
30-09
Financial
Equity above €1MEq €1.13M ▲27%
4 profitable years in a row build equity to €1.13M.
26-03
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
17-04
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
18-03
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
30-03
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
30-03
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Paliseul · 1 establishment unit since 2005
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue du Chaffour 896850 PaliseulGround area
4,390 m²
Building footprint
277 m²
2 parcels, Wallonia. Linked by address, not a title deed.
1 establishment unit
ATELIER ISTACE
since 20052.149.950.461
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 84050A1428/00D000 | Wallonia | 2,817 m² | 1 · 133 m² | - |
| 91352A0052/00D002 | Wallonia | 1,573 m² | 1 · 144 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Recognised contractor
8 categoriesAtelier ISTACE SRL32025
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Of 20,025 companies in sector 43320 we hold annual accounts for 9,136. 2,422 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded02-11-2005
Fiscal year end30-09
Activities, NACEBEL
25401Forging of metal
43320Joinery installation
45422
Sources
Crossroads Bank for EnterprisesNational Bank · 20 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.