Skip to content

Atelier ISTACE

Active
Private limited companyfounded 2005active for 21 yearsRue du Chaffour 89, 6850 Paliseul, BelgiumKBO/BCE: BE 0877.035.594
Summary

Atelier ISTACE has been active since 2005 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.5m and a net result of €226,843, of which €205,919 non-recurring income. Equity has been growing by about 23% per year since 2019. Its solvency ranks better than 83% of 2,445 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Overview

Official details

Source: KBO
Status
Active since 02-11-2005 Normal situation
Activity
Joinery installation NACE 43320and 1 other
Establishment unit
2.149.950.461 5555 Bièvre, since 08-11-2005
Financial year end
30 September
Peppol
Reachable since 09-12-2025

Board and ownership

Board
  • HABITALUXDirector · since 01-07-2021 · permanent representative Michaël ISTACE

Financial position

96 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.1%
Annual accounts to 30-09-2025
Gross margin
€1.5m
▲ 2.8%
Turnover
≈ €4.2m
estimated
Profit
€226,843
▲ 27.0%
Equity
€2.5m
▲ 9.7%
Total assets
€3.4m
▼ 4.8%
Employees on 30-09-2025
15
=
Score breakdownlowers riskFounded in 2005Figures for financial year 2025 (filed on 17-03-2026)Profit of €226,843 (financial year 2025)Equity €2.5m (72.0% of total assets)Show the evidence

Checked score

Score 2025
96 / 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 69% of small companies in specialised construction (NACE 43)
Financial strength · tick: 2024
Strong
Solvency 97+9
equity 72.0% of total assets
Liquidity 52+9
short-term debt 17.2% · cash 5.0%
Profitability 77+2
return on assets 6.6%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (2,651 companies, NACE 43, small)
Last 24 months 12-2024: 0.3% 01-2025: 0.3%● unchanged vs 12-2024 02-2025: 0.3%● unchanged vs 01-2025 03-2025: 0.3%● unchanged vs 02-2025 04-2025: 0.5%▲ +0.2 percentage points vs 03-2025highest value 05-2025: 0.2%▼ -0.3 percentage points vs 04-2025 06-2025: 0.2%● unchanged vs 05-2025 07-2025: 0.2%● unchanged vs 06-2025 08-2025: 0.2%● unchanged vs 07-2025 09-2025: 0.2%● unchanged vs 08-2025 10-2025: 0.2%● unchanged vs 09-2025 11-2025: 0.2%● unchanged vs 10-2025 12-2025: 0.3%▲ +0.1 percentage points vs 11-2025 01-2026: 0.3%● unchanged vs 12-2025 02-2026: 0.3%● unchanged vs 01-2026 03-2026: 0.3%● unchanged vs 02-2026 04-2026: 0.1%▼ -0.2 percentage points vs 03-2026lowest value 05-2026: 0.1%● unchanged vs 04-2026lowest value 06-2026: 0.1%● unchanged vs 05-2026lowest value 07-2026: 0.1%● unchanged vs 06-2026lowest value 08-2026: 0.1%● unchanged vs 07-2026lowest value 09-2026: 0.1%● unchanged vs 08-2026lowest value 10-2026: 0.1%● unchanged vs 09-2026lowest value 11-2026: 0.1%● unchanged vs 10-2026lowest value
Credit of up to €230,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 3.37 (1.92 in 2024), above the usual 1.5. Short-term debt is 17.2% and cash 5% of total assets. 28% of the assets are financed with debt and provisions.
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, small). It does better than 88% of them on solvency, 63% on liquidity, 64% on profitability and 61% on growth.

The bankruptcy probability was computed on 03-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskneutral
lowers risk · Founded in 2005
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
lowers risk · Figures for financial year 2025 (filed on 17-03-2026)
NBB · annual accounts
lowers risk · Profit of €226,843 (financial year 2025)
NBB · annual accounts
lowers risk · Equity €2.5m (72.0% of total assets)
NBB · annual accounts
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 filings
Deviation from the deadline
2025
48 days early
2024
27 days early
2023
54 days early
2022
30 days early
2021
32 days early
2020
35 days early
2019
13 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 34 days before the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today. The company usually files around 29 March (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
30-09-2026 year end04-11-2026 today30-04-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Positive: 2nd largest company by equity in Paliseul, Construction sectorin the Checked rankings No. 2 View
  • Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
  • Positive: 7 profitable years in a rowprofit 2025: €226,843, mostly one-off 7 years View

Recent changes

  1. · Gazette deed Change of role: HABITALUX, from manager to administrateur non statutairePermanent representative: Michaël ISTACE
  2. · Gazette deed Resignation: ISTACE Michaël (director)Appointment: HABITALUX (director)
  3. · Gazette deed Incorporation
All 16 events

Comparable companies

These companies have the same main activity as Atelier ISTACE: joinery installation (NACE 43320). They are comparable in size and age: total assets between €3m and €3.8m, founded between 2004 and 2006.

CompanyTotal assetsGross margin
Atelier ISTACE Paliseul€3.4m€1.5m
ALUSERVICE Arendonk€3.4m€1.6m
ALUVANO Ledegem€3.4m€1.8m
VIJVERMAN Zulte€3.0m€1.3m
REMAT & PARTNERS Kuurne€3.6m€1.3m
MENUISERIE QUERTINMONT FRANK Thuin€3.8m€1.6m
DEUREN PLESSERS Tessenderlo-Ham€3.7m€2.1m
Full comparison

Key facts about Atelier ISTACE

What is the company number of Atelier ISTACE?
The company number of Atelier ISTACE is 0877.035.594. The VAT number is the same number with BE in front: BE 0877.035.594.
Where is Atelier ISTACE based?
The registered office is at Rue du Chaffour 89, 6850 Paliseul.Company details
What does Atelier ISTACE do?
According to the KBO register, the main activity is joinery installation (NACE 43320).
What is the legal form of Atelier ISTACE?
The legal form of Atelier ISTACE is Private limited company (BV).
When was Atelier ISTACE founded?
Atelier ISTACE was founded on 02-11-2005.
Is Atelier ISTACE still active?
Yes, Atelier ISTACE is an active enterprise in the KBO register.
How many employees does Atelier ISTACE have?
Atelier ISTACE had an average of 13.3 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of Atelier ISTACE?
The turnover in financial year 2025 is ≈ €4.2m. This figure is estimated from the gross margin of €1.5m and 68 comparable companies (NACE 43). It probably lies between €3.2m and €5.6m.
Is Atelier ISTACE profitable?
In financial year 2025, Atelier ISTACE made a profit of €226,843.
Where can I find the annual accounts of Atelier ISTACE?
Atelier ISTACE filed 20 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of Atelier ISTACE due?
Atelier ISTACE must file the annual accounts for financial year 2026 by 30-04-2027.Timeline

Next steps

See how customers, suppliers and banks see your own company and what to improve first.

Keep this company with today's facts in a case file.