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I-Sea

Active
Private limited companyfounded 201411 years activePresident Kennedypark(Kor) 21, 8500 Kortrijk, BelgiumKBO/BCE: BE 0507.583.875
Summary

The computed 12-month bankruptcy probability of I-Sea is 1.6% (moderate). The 2024 annual accounts show equity of €181,134 and a net result of €1,286. Equity is growing by ~26.4% per year across the filed fiscal years. Its solvency ranks better than 60% of 26,062 sector peers (NACE 47, fiscal year 2024). The company has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals.

Overview

Activity
Retail sale of prescription glasses, lenses and sunglasses
NACE 47742
2 sites
Size
€413,532total assets 2024
Equity
€181,134
Profit
€1,286
Turnover not published (abridged schema)
Financial health
63 Healthy Checked score 2024
Bankruptcy probability, 12 months
1.6%
Structure
Board
1 member
Accounts 68 days overdue1 of 6 deeds read
Why 63- Figures for FY 2024 (filed 01-08-2025)- Liquidity: current ratio 0.46, cash €17,759+ Size: total assets €413,532+ Founded in 2014Show the evidence

Checked score

Score 2024
63 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially better than 47% of its sector peers (NACE 47, micro)
Financial strength · tick = 2023
Average
Solvency 69-15
equity 43.8% of total assets
Liquidity 40-9
short-term debt 34.6% · cash 4.3%
Profitability 69-1
return on assets 0.3%
Bankruptcy probability, 12 months
1.6% Moderate
0%0.5%1.5%4%10%≥ 25%

About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.6% (40,169 companies)
Last 24 months 11-2024: 1.0% 12-2024: 1.0%● unchanged vs 11-2024 01-2025: 1.0%● unchanged vs 12-2024 02-2025: 1.0%● unchanged vs 01-2025 03-2025: 1.0%● unchanged vs 02-2025 04-2025: 1.2%▲ +0.2 percentage points vs 03-2025 05-2025: 1.5%▲ +0.3 percentage points vs 04-2025 06-2025: 1.2%▼ -0.3 percentage points vs 05-2025 07-2025: 1.3%▲ +0.1 percentage points vs 06-2025 08-2025: 2.1%▲ +0.8 percentage points vs 07-2025highest value 09-2025: 0.6%▼ -1.5 percentage points vs 08-2025lowest value 10-2025: 0.6%● unchanged vs 09-2025 11-2025: 0.6%● unchanged vs 10-2025 12-2025: 0.6%● unchanged vs 11-2025 01-2026: 0.6%● unchanged vs 12-2025 02-2026: 0.6%● unchanged vs 01-2026 03-2026: 0.6%● unchanged vs 02-2026 04-2026: 0.7%▲ +0.1 percentage points vs 03-2026 05-2026: 0.9%▲ +0.2 percentage points vs 04-2026 06-2026: 0.9%● unchanged vs 05-2026 07-2026: 0.9%● unchanged vs 06-2026 08-2026: 1.6%▲ +0.7 percentage points vs 07-2026 09-2026: 0.9%▼ -0.7 percentage points vs 08-2026 10-2026: 1.6%▲ +0.7 percentage points vs 09-2026
Credit up to €11,000 at 30 days acceptable
Liquidity short (current ratio 0.46 against 0.56 in 2023; short-term debt: 34.6% and cash: 4.3% of total assets), and 56.2% of the assets are financed with debt.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 47, micro): better than 59% on solvency, 38% on liquidity, 50% on profitability and 42% on growth.

The bankruptcy probability was computed on 07-10-2026 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.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
−lowers risk+raises risk○neutral
raises risk · Figures for FY 2024 (filed 01-08-2025)
NBB · annual accounts
lowers risk · Size: total assets €413,532
The company's size counts in the probability; how much depends on the rest of its profile.
NBB · annual accounts
raises risk · Liquidity: current ratio 0.46, cash €17,759
NBB · annual accounts
lowers risk · Founded in 2014
How long the company has existed counts in the probability; how much depends on the rest of its profile.
KBO
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 31-07-2025, 0 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
on the day
2023
5 days early
2022
on the day
2021
2 days early
2020
4 days early
2019
8 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 3 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
Checked from 2021 on.
KBO publications · our coverage
  1. Appointment: De Bondt Dagmar (director)State Gazette act
  2. Annual accounts filedfiscal year 2024 · micro…
  3. Weakest financial yearnet €1,286 ▼52.5%

Key points

  • Caution: Accounts not fileddeadline was 31-07-2026 68 days late View
  • Positive: Among the best 17% on equitysector median €38,705 · 26,122 companies €181,134 View
  • Positive: 7 profitable years in a rowprofit 2024: €1,286 7 years View
  • New directorlatest change 01-04-2026 · 1 in office 1 joined View

By topic

Financials

Fiscal year
2024
Total assets
€413,532
Profit
€1,286
Solvency
43.8%
Total assets▲ 34.8%
Net result
20182024
Go to Financials

Timeline

Events
17
Since
2016
  1. 26-07-2024Annual accounts filed
  2. 31-07-2023Annual accounts filed
  3. 31-12-2022Highest result since 2018
Go to Timeline

Company details

Sites
2
Legal form
Private limited company
Activity
Retail sale of prescription glasses, lenses and sunglassesNACE 47742
Founded
19-12-2014
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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