Equity
€602,127 ▲ 7.4%
I2SMD paid out €112,781 in dividends. That is 73% of the 2025 profit.
I2SMD
Lifetime
19 annual accounts with figures on one time axispeak €391,026 (2025)
€391,026▲ 19.9%
lowest -€68,817 (2009)
€154,263▲ 14.5%
peak €602,127 (2025)
€602,127▲ 7.4%
€1.4m▲ 25.5%
Board2 names since 2006
1 directorCORTHOUTS Liesbeth Els
Documentsfilings and deeds
28-08-202628 days late
2025micro format
Gross margin from €326,225 to €391,026Registered office moved from Heusden-Zolder to Genk 08-07Dividend €112,781Debts from €1.2m to €1.4mInvestments €381,916Cash from €198,103 to €373,727
Key points
from the 2025 annual accountsTurnover
≈ €560,000 estimated
The micro format states no turnover.
Debts
€1.4m 71% of the balance sheet
Financial debts 62%Suppliers 13%Taxes and wages 16%Other 9%
Of this, €546,155 falls due within a year.
Investments
€397,121 4.1 × depreciation
Green is investment, beige is depreciation. Land and buildings stand 43.8% higher than in 2024.
Filings
19 annual accounts since 2007
Ten of the last ten came late. The 2016 accounts came latest: 31 days after the end of the period.
Position in the sector
€154,263
Higher net result than 92% of companies in head offices and management consultancy. Sector median €27,168 · 39,358 companies.
Checked score
95
Excellent
Financially stronger than 62% of small companies in head offices and management consultancy (NACE 70)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 4,523 companies (NACE 70, small).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.2%▲ +0.1 percentage points vs 06-2025
08-2025: 0.7%▲ +0.5 percentage points vs 07-2025highest value
09-2025: 0.2%▼ -0.5 percentage points vs 08-2025
10-2025: 0.2%● unchanged vs 09-2025
11-2025: 0.2%● unchanged vs 10-2025
12-2025: 0.2%● unchanged vs 11-2025
01-2026: 0.2%● unchanged vs 12-2025
02-2026: 0.2%● unchanged vs 01-2026
03-2026: 0.2%● unchanged vs 02-2026
04-2026: 0.2%● unchanged vs 03-2026
05-2026: 0.2%● unchanged vs 04-2026
06-2026: 0.2%● unchanged vs 05-2026
07-2026: 0.3%▲ +0.1 percentage points vs 06-2026
08-2026: 0.5%▲ +0.2 percentage points vs 07-2026
09-2026: 0.1%▼ -0.4 percentage points vs 08-2026lowest value
10-2026: 0.1%● unchanged vs 09-2026lowest value
11-2026: 0.1%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
raises risk
1 change of registered office in 24 months
lowers risk
Size: total assets €2.1m
Figures for financial year 2025 (filed on 28-08-2026)
Sector: Activities of head offices; management consultancy activities (NACE 70)
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 70, small). It does better than 29% of them on solvency, 83% on liquidity, 75% on profitability and 58% on growth.
The bankruptcy probability was computed on 06-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
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).
Comparable companies, two years later
In July 2024, 2,609 companies had the same profile as I2SMD has now. Each dot stands for 7 companies, two years later.
96.8%
were still trading
2.1%
stopped another way
1.0%
went bankrupt
That fits the bankruptcy probability of I2SMD itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 2,609 companies, not a prediction for I2SMD. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €55,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.28 (1.72 in 2024), below the usual 1.5. Short-term debt is 26.6% and cash 18.2% of total assets. 70.6% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 28 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
28 days late
2024
29 days late
2023
30 days late
2022
31 days late
2021
26 days late
2020
31 days late
2019
31 days late
← 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 29 days after the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 29 August (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
07-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered office moved from Heusden-Zolder to Genk
New registered office: Margarethalaan 73 te 3600 Genk · Previous registered office: Lusthofstraat 35, 3550 Heusden-Zolder, België · General meeting of 28-05-2025 · Gazette deed
Change of role: LAMBERT Tom Luc Marina, from manager to director
Appointment: CORTHOUTS Liesbeth Els (director) · Director discharge: LAMBERT Tom Luc Marina · General meeting of 29-12-2023 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0885627123
First establishment
Margarethalaan 73, Genk
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| I2SMD Genk | €2.1m | €391,026 | 29.4% | - |
| R Consulting Gingelom | €2.2m | €416,055 | 80.2% | - |
| CARPE DIEM HENA Zutendaal | €2.0m | €411,288 | 26.8% | 2.6 |
| Faresa Hasselt | €2.1m | €400,941 | 21.1% | 5.7 |
| THE GRYPHON HOUSE Zonhoven | €2.2m | €481,725 | 87.3% | - |
| REALFI Wavre | €2.0m | €391,976 | 30.8% | - |
| HERMIFLAM Harelbeke | €2.0m | €394,543 | 87.4% | - |
These companies have the same main activity as I2SMD: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €2m and €2.2m, founded between 2004 and 2009.
Official details
Source: KBO- Status
- Active since 13-12-2006Normal situation
- Activity
- Business and other management consultancyNACE 70200and 4 others
- Establishment unit
- 2.158.241.9813600 Genk, since 01-01-2007
- Financial year end
- 31 December
- Peppol
- Reachable since 24-11-2023
Insights on I2SMD
I2SMD files the micro format. That format states no turnover. The gross margin rose from €81,720 in 2007 to €391,026 in 2025.
The balance sheet grew most from 2023 to 2025 through fixed assets.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about I2SMD
- What is the company number of I2SMD?
- The company number of I2SMD is 0885.627.123. The VAT number is the same number with BE in front: BE 0885.627.123.
- Where is I2SMD based?
- The registered office is at Margarethalaan 73, 3600 Genk.Company details
- What does I2SMD do?
- According to the KBO register, the main activity is business and other management consultancy (NACE 70200).
- What is the legal form of I2SMD?
- I2SMD is a private limited company (BV).
- When was I2SMD founded?
- I2SMD was founded on 13-12-2006.
- Is I2SMD still active?
- Yes, I2SMD is an active enterprise in the KBO register.
- What is the turnover of I2SMD?
- The turnover in financial year 2025 is ≈ €560,000. This figure is estimated from the gross margin of €391,026 and 95 comparable companies (NACE 70200). It probably lies between €460,000 and €980,000.Financials
- Is I2SMD profitable?
- In financial year 2025, I2SMD made a profit of €154,263.
- Where can I find the annual accounts of I2SMD?
- I2SMD filed 19 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of I2SMD due?
- I2SMD must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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