EXPLOITATIEMAATSCHAPPIJ ISB

Active

Private limited companyfounded 20233 yrs activeMonnikenwerve 17-19, 8000 Brugge, BelgiumKBO/BCE: BE 0801.421.324

The computed 12-month bankruptcy probability of EXPLOITATIEMAATSCHAPPIJ ISB is 1.5% (moderate). The 2024 annual accounts show equity of €172k and a net result of €22k. Its solvency ranks better than 25% of 669 sector peers (fiscal year 2024). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

Watch Print / PDF

Checked score

Score 2024

48 / 100

Fair

The score combines four axes. Every signal that weighs is under Signals.

Axes

Profitability65

Solvency9

Growth-

Stability79

Bankruptcy probability, 12 months

1.5% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €8k at 30 days acceptable

Liquidity short (current ratio 0.81), and 97.1% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Four signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 55

Relative position

BE, all sectors

reference

Sector 55

higher

← fewer bankruptcies more bankruptcies →

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 06-05-2025, 86 days ahead of the deadline.

NBB · 1 filing

Deviation from the deadline

2024

86 d early

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, abbreviated schema

Equity

€172k

Total assets

€5.91M

Net result

€22k

Working capital

€-119k

Turnover and EBIT margin not published: the abbreviated schema does not require them.

Balance-sheet composition

Assets €5.90M

91.3%

Fixed assets €5.39M

Current assets €511k

Equity and liabilities €5.91M

97.1%

Equity €172k

Debt €5.74M

Debt finances 97.1% of the balance-sheet total.

Key figures and ratios

2024 value

EBITDA

€204k

Cash flow

€189k

Solvency

2.9%

Current ratio

0.81

Quick ratio

0.80

Debt / equity

33.28

ROE

13.0%

ROA

0.4%

Interest coverage

34.09

Debt

€5.74M

Debt ≤ 1 year

€631k

Debt > 1 year

€5.10M

Income taxes

€10k

Staff costs

€603k

Filed annual accounts

As filed with the NBB · 2024

Balance sheet Code2024

Assets

Total assets20/58€5.91M

Formation expenses20€9k

Fixed assets21/28€5.39M

Tangible fixed assets22/27€5.39M

Plant, machinery and equipment23€58k

Furniture and vehicles24€3k

Leasing and similar rights25€5.33M

Current assets29/58€511k

Stocks and contracts in progress3€6k

Stocks30/36€6k

Amounts receivable within one year40/41€22k

Trade receivables40€47

Other amounts receivable41€22k

Current investments50/53€250k

Cash at bank and in hand54/58€210k

Deferred charges and accrued income490/1€23k

Equity and liabilities

Total equity and liabilities10/49€5.91M

Equity10/15€172k

Contributions10/11€150k

Reserves13€22k

Non-distributable reserves130/1€1k

Reserves not available under the articles1311€1k

Distributable reserves133€21k

Amounts payable17/49€5.74M

Amounts payable after more than one year17€5.10M

Trade debts175€5.10M

Amounts payable within one year42/48€631k

Trade debts44€441k

Suppliers440/4€441k

Taxes, remuneration and social security45€80k

Taxes450/3€13k

Remuneration and social security454/9€67k

Other amounts payable47/48€109k

Accrued charges and deferred income492/3€6k

Income statement Code2024

Remuneration, social security and pensions62€603k

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€167k

Other operating charges640/8€178k

Gross operating margin9900€985k

Operating profit (loss)9901€38k

Financial income75/76B€968

Recurring financial income75€968

Financial charges65/66B€6k

Recurring financial charges65€6k

Profit (loss) for the period before taxes9903€33k

Income taxes67/77€10k

Profit (loss) for the period9904€22k

Profit (loss) for the period to be appropriated9905€22k

Appropriation of the result

Profit (loss) to be appropriated9906€22k

Transfer to equity691/2€22k

To the legal reserve6920€1k

To other reserves6921€21k

Social balance

Average headcount (FTE)90876.9

The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Download as CSV

Timeline · acts, filings and financial milestones

All 1Filings 1

2025

06-05

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema

NBB filing

Directors · office · real estate

Directors

no sitting director, no change since 2025

We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.

01-06-2025 Idgie Maeckelbergh: Resigned as Director

18-03-2024 Pieter Debree: Resigned as Director

Location & real-estate footprint

Registered office, Brugge · 1 establishment unit since 2023

establishment The establishment unit on the map

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.

Monnikenwerve 17-198000 Brugge

Ground area

6,600 m²

Building footprint

3,020 m²