BISAC
ActiveSummary
BISAC has been active since 2008 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags). The 2025 annual accounts show equity of €50,493 and a net result of -€2,099. Equity is shrinking by ~7.4% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 1.5% (low).
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Signals
This company filed its last 7 accounts on average 13 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
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Financials · fiscal year 2025, abbreviated schema
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Peer companies
Historical observationOf the 6,915 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 91% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a small loss
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 1.5% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 6,915 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €6,522 | - | - |
| Remuneration, social security and pensions62 | - | €70,759 | €8,432 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,935 | €4,943 | €3,512 | €468 | - | - |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | -€4,295 | - | - | - |
| Other operating charges640/8 | - | €6,164 | €6,387 | €1,752 | €118 | ▼ 93.3% |
| Gross operating margin9900 | €81,500 | €74,524 | -€6,465 | -€2,666 | -€1,825 | ▲ 31.5% |
| Operating profit (loss)9901 | €24,070 | -€7,341 | -€20,501 | -€4,885 | -€1,943 | ▲ 60.2% |
| Financial income75/76B | - | €4 | - | - | - | - |
| Recurring financial income75 | €6 | €4 | - | - | - | - |
| Financial charges65/66B | - | €2,730 | €3,342 | €57 | €156 | ▲ 172% |
| Recurring financial charges65 | €4,142 | €2,730 | €3,342 | €57 | €156 | ▲ 172% |
| Profit (loss) for the period before taxes9903 | €19,934 | -€10,067 | -€23,843 | -€4,942 | -€2,099 | ▲ 57.5% |
| Income taxes67/77 | €2,700 | - | - | - | - | - |
| Profit (loss) for the period9904 | €17,233 | -€10,067 | -€23,843 | -€4,942 | -€2,099 | ▲ 57.5% |
| Profit (loss) for the period to be appropriated9905 | €17,233 | -€10,067 | -€23,843 | -€4,942 | -€2,099 | ▲ 57.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €208,541 | €138,545 | €125,109 | €123,631 | €123,768 | ▲ 0.1% |
| Fixed assets21/28 | €10,931 | €5,988 | €2,476 | - | - | - |
| Tangible fixed assets22/27 | €8,923 | €3,980 | €468 | - | - | - |
| Furniture and vehicles24 | - | €935 | €468 | - | - | - |
| Other tangible fixed assets26 | - | €3,045 | - | - | - | - |
| Financial fixed assets28 | €2,008 | €2,008 | €2,008 | - | - | - |
| Current assets29/58 | €197,610 | €132,557 | €122,633 | €123,631 | €123,768 | ▲ 0.1% |
| Stocks and contracts in progress3 | €18,454 | €5,397 | - | - | - | - |
| Stocks30/36 | - | €5,397 | - | - | - | - |
| Amounts receivable within one year40/41 | €112,887 | €123,452 | €122,164 | €121,921 | €123,704 | ▲ 1.5% |
| Other amounts receivable41 | - | €123,452 | €122,164 | €121,921 | €123,704 | ▲ 1.5% |
| Cash at bank and in hand54/58 | €66,269 | €3,707 | €469 | €1,710 | €64 | ▼ 96.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €208,541 | €138,545 | €125,109 | €123,631 | €123,768 | ▲ 0.1% |
| Equity10/15 | €91,445 | €81,378 | €57,535 | €52,593 | €50,493 | ▼ 4.0% |
| Contributions10/11 | - | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €79,045 | €77,953 | €77,953 | €77,953 | €77,953 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | €76,093 | €76,093 | €76,093 | €76,093 | = |
| Profit (loss) carried forward14 | - | -€8,975 | -€32,818 | -€37,761 | -€39,860 | ▼ 5.6% |
| Amounts payable17/49 | €117,096 | €57,167 | €67,574 | €71,038 | €73,275 | ▲ 3.1% |
| Amounts payable after more than one year17 | €19,153 | - | - | - | - | - |
| Amounts payable within one year42/48 | €97,943 | €57,167 | €67,574 | €71,038 | €73,275 | ▲ 3.1% |
| Current portion of amounts payable after more than one year42 | - | €19,157 | €1,551 | - | - | - |
| Trade debts44 | €43,533 | €5,463 | €2,921 | - | €2,326 | - |
| Suppliers440/4 | - | €5,463 | €2,921 | - | €2,326 | - |
| Taxes, remuneration and social security45 | - | €32,546 | €1,880 | - | - | - |
| Taxes450/3 | - | €23,317 | - | - | - | - |
| Remuneration and social security454/9 | - | €9,229 | €1,880 | - | - | - |
| Other amounts payable47/48 | - | - | €61,222 | €71,038 | €70,949 | ▼ 0.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €17,233 | -€10,067 | -€23,843 | -€4,942 | -€2,099 | ▲ 57.5% |
| + Depreciation and write-downs630 | €7,935 | €4,943 | €3,512 | €468 | - | - |
| Operating cash flow (approximation) | €25,168 | -€5,124 | -€20,331 | -€4,475 | -€2,099 | ▲ 53.1% |
| Investment in fixed assets (approximation) | - | €0 | €0 | - | - | - |
| Change in cash | - | -€62,562 | -€3,238 | €1,241 | -€1,646 | ▼ 233% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
1 establishment unit
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41362B1604/00V000 | Flanders | 5,703 m² | 1 · 3,902 m² | 21.6 m · 4 fl. |
Linked by address, not proof of ownership
Identification & contact
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
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Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.