I.S.A.B.
ActiveSummary
I.S.A.B. has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €461k and a net result of €237k. Equity is shrinking by ~3.5% per year across the filed fiscal years. Its solvency ranks better than 53% of 2832 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
85
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability98▲+18
Solvency70▼-7
Growth32=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity ample (current ratio 1.51 against 1.59 in 2023; short-term debt: 54.8% and cash: 47.5% of total assets), but 54.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Sector 62
lower
← fewer bankruptcies
more bankruptcies →
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 31-12-2024 was due by 31-07-2025 and was filed on 05-05-2025, 87 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
87 d early
2023
78 d early
2022
77 d early
2021
80 d early
2020
61 d early
2019
70 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€461k▲ 0.5%
2023 · €459k
2018: €642k
2019: €542k
2020: €457k
2021: €458k
2022: €459k
2023: €459k
2018 → 2024
Total assets
€1.02M▲ 16.3%
2023 · €880k
2018: €1.33M
2019: €1.32M
2020: €1.09M
2021: €1.36M
2022: €1.19M
2023: €880k
2018 → 2024
Net result
€237k▲ 195%
2023 · €80k
2018: €305k
2019: €290k
2020: €215k
2021: €336k
2022: €356k
2023: €80k
2018 → 2024
Working capital
€289k▲ 15.3%
2023 · €250k
2018: €583k
2019: €452k
2020: €378k
2021: €363k
2022: €332k
2023: €250k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€457k-€458k▲ 0.2%€459k▲ 0.2%€459k▲ 0.1%€461k▲ 0.5%
Operating result€252k-€376k▲ 49.3%€407k▲ 8.4%€122k▼ 70.0%€287k▲ 135%
Net result€215k-€336k▲ 56.1%€356k▲ 6.0%€80k▼ 77.4%€237k▲ 195%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 135% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.02M
Fixed assets
€174k ▼ 16.8%
Current assets
€850k ▲ 26.6%
Equity and liabilities €1.02M
Equity
€461k ▲ 0.5%
Debt
€562k ▲ 33.5%
Debt's share of the balance-sheet total rises from 47.8% to 54.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€337k▲
2023 · €160k
Cash flow
€288k▲
2023 · €118k
Current ratio
1.51▼
2023 · 1.59
Debt to equity
1.22▲
2023 · 0.92
ROE
51.4%▲
2023 · 17.5%
ROA
23.2%▲
2023 · 9.1%
Interest coverage
35.43▲
2023 · 27.67
Debt ≤ 1 year
€561k▲
2023 · €421k
Income taxes
€44k▲
2023 · €40k
Staff costs
€1.12M▼
2023 · €1.12M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 53 lines
Balance sheet
Code20232024
Assets
Total assets20/58€880k€1.02M▲
Fixed assets21/28€209k€174k▼
Intangible fixed assets21€2k€1k▼
Tangible fixed assets22/27€206k€172k▼
Plant, machinery and equipment23€11k€17k▲
Furniture and vehicles24€196k€155k▼
Financial fixed assets28€200€200=
Current assets29/58€671k€850k▲
Amounts receivable within one year40/41€369k€361k▼
Trade receivables40€355k€361k▲
Other amounts receivable41€14k-
Cash at bank and in hand54/58€300k€486k▲
Deferred charges and accrued income490/1€2k€3k▲
Equity and liabilities
Total equity and liabilities10/49€880k€1.02M▲
Equity10/15€459k€461k▲
Contributions10/11€71k€71k=
Capital10€71k€71k=
Issued capital100€71k€71k=
Reserves13€388k€391k▲
Non-distributable reserves130/1€7k€7k=
Legal reserve130€7k€7k=
Distributable reserves133€381k€383k▲
Amounts payable17/49€421k€562k▲
Amounts payable within one year42/48€421k€561k▲
Trade debts44€115k€85k▼
Suppliers440/4€115k€85k▼
Taxes, remuneration and social security45€191k€204k▲
Taxes450/3€36k€30k▼
Remuneration and social security454/9€154k€174k▲
Other amounts payable47/48€115k€272k▲
Accrued charges and deferred income492/3-€930
Income statement
Code20232024
Remuneration, social security and pensions62€1.12M€1.12M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€37k€50k▲
Other operating charges640/8€30k€23k▼
Non-recurring operating charges66A-€970
Gross operating margin9900€1.31M€1.48M▲
Operating profit (loss)9901€122k€287k▲
Financial income75/76B€4k€4k▲
Recurring financial income75€4k€4k▲
Financial charges65/66B€6k€10k▲
Recurring financial charges65€6k€10k▲
Profit (loss) for the period before taxes9903€120k€281k▲
Transfer from deferred taxes780€248-
Income taxes67/77€40k€44k▲
Profit (loss) for the period9904€80k€237k▲
Transfer from tax-exempt reserves789€743-
Profit (loss) for the period to be appropriated9905€81k€237k▲
Appropriation of the result
Profit (loss) to be appropriated9906€81k€237k▲
Transfer to equity691/2€1k€2k▲
To other reserves6921€1k€2k▲
Profit to be distributed694/7€80k€235k▲
Directors or managers695€80k€235k▲
Social balance
Average headcount (FTE)908720.419.6▼
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
05-05
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
14-05
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet €80k ▼77.4%
Net result drops to €80k, the lowest in the series; recovery starts the following year.
15-05
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2018net €356k ▲6%
Operating result €407k, net result €356k, both a record.
12-05
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-05
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
22-05
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
23-05
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
18-05
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
16-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
02-05
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Anzegem · 1 establishment unit since 1998
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.
Huttegem 108570 AnzegemGround area
3,678 m²
Building footprint
902 m²
Volume, LiDAR
5,619 m³
Parcel 34018A0163/00L000, Flanders · tallest building 8.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
I.S.A.B.
since 19982.086.453.469
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34018A0163/00L000 | Flanders | 3,678 m² | 1 · 902 m² | 8.2 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 3 entries · 1,311 EUR awarded · 1,311 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 53 EUR | 105 EUR |
| 2024 | 1 | 142 EUR | 90 EUR |
| 2023 | 1 | 1,116 EUR | 1,116 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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HR TECHNICAL SOLUTIONS
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LinqUp
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Of 16,884 companies in sector 62100 we hold annual accounts for 8,775. 5,601 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded21-04-1998
Fiscal year end31-12
Activities, NACEBEL 2025
62900Other information technology and computer services
62100Computer programming
Sources
Crossroads Bank for EnterprisesNational Bank · 26 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.