I-SAN
ActiveI-SAN has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €72k and a net result of €8k. Equity is growing by ~17.9% per year across the filed fiscal years. Its solvency ranks better than 86% of 969 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
100
/ 100
Excellent▲ +14 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability56▲+16
Solvency100=
Growth52=
Stability100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity ample (current ratio 4.38 against 3.55 in 2024), and 22% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 42
Relative position
BE, all sectors
reference
Sector 42
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
78%
Return on assets
8.8%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 17-08-2026, 17 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 9 filingsDeviation from the deadline
2025
17 d late
2024
26 d late
2023
31 d late
2022
29 d late
2021
24 d late
2020
2 d late
2019
25 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€128k▼ 11.4%
2018 · €144k
2018: €144k
2018 → 2019
EBIT margin
0.4%▼ 0.1pp
2018 · 0.5%
2018: 0.5%
2018 → 2019
Net result
€8k▲ 57.6%
2024 · €5k
2018: €-126
2019: €-741
2020: €5k
2021: €12k
2022: €15k
2023: €6k
2024: €5k
2018 → 2025
Working capital
€69k▲ 16.5%
2024 · €59k
2018: €22k
2019: €40k
2020: €26k
2021: €37k
2022: €46k
2023: €116k
2024: €59k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€37k-€53k▲ 41.2%€59k▲ 11.4%€64k▲ 8.7%€72k▲ 12.6%
Operating result€17k-€26k▲ 55.7%€12k▼ 54.0%€14k▲ 14.6%€14k▲ 2.8%
Net result€12k-€15k▲ 34.0%€6k▼ 61.0%€5k▼ 14.7%€8k▲ 57.6%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 3% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €92k
Fixed assets
€3k▼ 33.4%
Current assets
€89k▲ 8.5%
Equity and liabilities €92k
Equity
€72k▲ 12.6%
Debt
€20k▼ 12.1%
The debt ratio falls from 26.5% to 22.0%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€28k▲
2024 · €16k
Cash flow
€22k▲
2024 · €7k
Solvency
78.0%▲
2024 · 73.5%
Current ratio
4.38▲
2024 · 3.55
Quick ratio
4.38▲
2024 · 3.55
Debt / equity
0.28▼
2024 · 0.36
ROE
11.2%▲
2024 · 8.0%
ROA
8.8%▲
2024 · 5.9%
Interest coverage
12.89▼
2024 · 14.96
Debt
€20k▼
2024 · €23k
Debt ≤ 1 year
€20k▼
2024 · €23k
Income taxes
€4k▲
2024 · €2k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€87k€92k▲
Formation expenses20-€0
Fixed assets21/28€5k€3k▼
Tangible fixed assets22/27€4k€2k▼
Plant, machinery and equipment23€943€460▼
Furniture and vehicles24€3k€2k▼
Financial fixed assets28€1k€1k=
Current assets29/58€82k€89k▲
Amounts receivable within one year40/41€81k€86k▲
Trade receivables40€19k€23k▲
Other amounts receivable41€63k€63k▲
Cash at bank and in hand54/58€508€3k▲
Deferred charges and accrued income490/1€205€205=
Equity and liabilities
Total equity and liabilities10/49€87k€92k▲
Equity10/15€64k€72k▲
Contributions10/11€19k€19k=
Reserves13€572€54k▲
Non-distributable reserves130/1€572€572=
Reserves not available under the articles1311€572€572=
Distributable reserves133-€53k
Profit (loss) carried forward14€45k-
Amounts payable17/49€23k€20k▼
Amounts payable within one year42/48€23k€20k▼
Financial debts43€18k€14k▼
Credit institutions430/8€18k€14k▼
Trade debts44€900€1k▲
Suppliers440/4€900€1k▲
Taxes, remuneration and social security45€4k€5k▲
Taxes450/3€4k€5k▲
Income statement
Code20242025
Non-recurring operating income76A-€12k
Remuneration, social security and pensions62€77-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€14k▲
Other operating charges640/8€4k€3k▼
Gross operating margin9900€19k€31k▲
Operating profit (loss)9901€14k€14k▲
Financial income75/76B€3k-
Recurring financial income75€3k-
Financial charges65/66B€9k€2k▼
Recurring financial charges65€1k€2k▲
Non-recurring financial charges66B€8k-
Profit (loss) for the period before taxes9903€7k€12k▲
Income taxes67/77€2k€4k▲
Profit (loss) for the period9904€5k€8k▲
Profit (loss) for the period to be appropriated9905€5k€8k▲
Appropriation of the result
Profit (loss) to be appropriated9906€45k€53k▲
Profit (loss) brought forward from the previous period14P€40k€45k▲
Transfer to equity691/2-€53k
To other reserves6921-€53k
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
17-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 17 days late
2025
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 26 days late
2024
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
31-12
Financial
Liquidity times 5current ratio 10.79
Current ratio from 2.39 to 10.79; short-term debt falls from €33k to €12k.
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
31-12
Financial
Highest result since 2018net €15k ▲34%
Operating result €26k, net result €15k, both a record.
24-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 24 days late
2021
02-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 2 days late
2020
31-12
Financial
Back to profitnet €5k
Net result €5k after 2 loss-making years.
25-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 25 days late
2019
31-12
Financial
Weakest financial yearnet €-741
Net result drops to €-741, the lowest in the series; recovery starts the following year.
17-05
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
26-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 57 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 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, Beringen · 1 establishment unit since 2016
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.
Heidevijversstraat 43580 BeringenGround area
515 m²
Building footprint
139 m²
Volume, LiDAR
26 m³
Parcel 71004A0575/03N000, Flanders · tallest building 1.7 m. Linked by address, not a title deed.
1 establishment unit
I-SAN
since 20162.255.450.334
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71004A0575/03N000 | Flanders | 515 m² | 1 · 139 m² | 1.7 m |
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.
Recognitions · licences · registrations
Recognised contractor
2 categoriesI-SAN BV42963
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Of 336 companies in sector 42219 we hold annual accounts for 148. 113 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded20-07-2016
Fiscal year end31-12
Activities, NACEBEL
42219Civil engineering
42211Civil engineering
43221Plumbing work
46836Wholesale trade
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.