IHSAN
ActiveSummary
IHSAN has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €12,202 and a net result of -€1,965. Equity remains stable across the filed fiscal years (±0.1% per year). Its solvency ranks better than 27% of 3542 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability16▼-53
Solvency37▼-4
Growth32▼-46
Track record100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Liquidity tight (current ratio 1.07 against 0.89 in 2023; short-term debt: 86.7% and cash: 3.8% of total assets), and 87.7% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
12.3%
Return on assets
-2%
Age of the figures
21 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 95
Relative position
BE, all sectors
reference
Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles (NACE 95)
about 19% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 11-12-2025, 133 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
133 d late
2023
106 d late
2022
39 d early
2021
89 d late
2020
185 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 95 days after 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)
History
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Financials · fiscal year 2024, micro schema
Equity
€12,202▼ 13.9%
2023 · €14,167
Total assets
€99,287▲ 12.4%
2023 · €88,320
Net result
-€1,965
2023 · €1,483
Working capital
€5,639
2023 · -€7,541
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 95, Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€1,326--€5,969▼ 350%€6,270€2,664▼ 57.5%-€2,898
Net result-€1,533within the sector's middle half--€6,246below the sector's middle half▼ 307%€5,463within the sector's middle half€1,483within the sector's middle half▼ 72.9%-€1,965below the sector's middle half
Equity€13,467within the sector's middle half-€7,222within the sector's middle half▼ 46.4%€12,684within the sector's middle half▲ 75.6%€14,167within the sector's middle half▲ 11.7%€12,202within the sector's middle half▼ 13.9%
Total assets€30,796below the sector's middle half-€68,900within the sector's middle half▲ 124%€66,505within the sector's middle half▼ 3.5%€88,320within the sector's middle half▲ 32.8%€99,287within the sector's middle half▲ 12.4%
Debt€17,329-€61,679▲ 256%€53,820▼ 12.7%€74,154▲ 37.8%€87,085▲ 17.4%
Working capital-€3,398within the sector's middle half--€6,837within the sector's middle half▼ 101%€662within the sector's middle half-€7,541within the sector's middle half€5,639within the sector's middle half
Solvency43.7%within the sector's middle half-10.5%within the sector's middle half▼ 33.2pp19.1%within the sector's middle half▲ 8.6pp16.0%within the sector's middle half▼ 3.0pp12.3%within the sector's middle half▼ 3.8pp
Current ratio0.80within the sector's middle half-0.89within the sector's middle half▲ 0.081.01within the sector's middle half▲ 0.120.89within the sector's middle half▼ 0.121.07within the sector's middle half▲ 0.17
Return on assets (ROA)-5.0%below the sector's middle half--9.1%below the sector's middle half▼ 4.1pp8.2%within the sector's middle half▲ 17.3pp1.7%within the sector's middle half▼ 6.5pp-2.0%below the sector's middle half▼ 3.7pp
Staff (FTE)2.22.1▼ 4.5%1.7▼ 19.0%1.3▼ 23.5%
above
within
below
the middle half (P25 to P75) of NACE 95, Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €2,898 after €2,664 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €99,287
Fixed assets
€7,615 ▼ 68.7%
Current assets
€91,672 ▲ 43.3%
Equity and liabilities €99,287
Equity
€12,202 ▼ 13.9%
Debt
€87,085 ▲ 17.4%
Debt's share of the balance-sheet total rises from 84.0% to 87.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€398▼
2023 · €5,679
Cash flow
€535▼
2023 · €4,498
Debt to equity
7.14▲
2023 · 5.23
ROE
-16.1%▼
2023 · 10.5%
Interest coverage
-0.61▼
2023 · 5.82
Debt ≤ 1 year
€86,034▲
2023 · €71,511
Staff costs
€13,139▼
2023 · €22,343
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,548 companies that looked in July 2024 the way this one looks now, 4.3% went bankrupt within 24 months and 91% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a small loss
4.3%
went bankrupt
3.9%
stopped otherwise
91%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.4% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 1,548 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €765 | - |
| Remuneration, social security and pensions62 | - | €22,714 | €17,138 | €22,343 | €13,139 | ▼ 41.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,201 | €2,250 | €2,250 | €3,015 | €2,500 | ▼ 17.1% |
| Other operating charges640/8 | - | €449 | €102 | €2,013 | €623 | ▼ 69.0% |
| Gross operating margin9900 | €15,691 | €19,444 | €25,760 | €30,036 | €13,364 | ▼ 55.5% |
| Operating profit (loss)9901 | -€1,326 | -€5,969 | €6,270 | €2,664 | -€2,898 | ▼ 209% |
| Financial income75/76B | - | - | €30 | - | €1,586 | - |
| Recurring financial income75 | - | - | €30 | - | €1,586 | - |
| Financial charges65/66B | - | €277 | €837 | €976 | €653 | ▼ 33.1% |
| Recurring financial charges65 | €207 | €277 | €837 | €976 | €653 | ▼ 33.1% |
| Profit (loss) for the period before taxes9903 | -€1,533 | -€6,246 | €5,463 | €1,689 | -€1,965 | ▼ 216% |
| Income taxes67/77 | - | - | - | €206 | - | - |
| Profit (loss) for the period9904 | -€1,533 | -€6,246 | €5,463 | €1,483 | -€1,965 | ▼ 233% |
| Profit (loss) for the period to be appropriated9905 | -€1,533 | -€6,246 | €5,463 | €1,483 | -€1,965 | ▼ 233% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €30,796 | €68,900 | €66,505 | €88,320 | €99,287 | ▲ 12.4% |
| Fixed assets21/28 | €16,865 | €14,615 | €12,365 | €24,350 | €7,615 | ▼ 68.7% |
| Intangible fixed assets21 | €13,955 | €11,705 | €9,455 | €21,440 | €4,705 | ▼ 78.1% |
| Financial fixed assets28 | €2,910 | €2,910 | €2,910 | €2,910 | €2,910 | = |
| Current assets29/58 | €13,931 | €54,285 | €54,140 | €63,970 | €91,672 | ▲ 43.3% |
| Amounts receivable after more than one year29 | - | - | - | - | €11,080 | - |
| Other amounts receivable291 | - | - | - | - | €11,080 | - |
| Amounts receivable within one year40/41 | €12,533 | €41,277 | €44,475 | €58,424 | €75,709 | ▲ 29.6% |
| Trade receivables40 | - | €41,277 | €44,475 | €41,693 | €60,907 | ▲ 46.1% |
| Other amounts receivable41 | - | - | - | €16,731 | €14,802 | ▼ 11.5% |
| Cash at bank and in hand54/58 | €903 | €12,278 | €9,464 | €4,792 | €3,752 | ▼ 21.7% |
| Deferred charges and accrued income490/1 | - | €730 | €201 | €754 | €1,131 | ▲ 50.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €30,796 | €68,900 | €66,505 | €88,320 | €99,287 | ▲ 12.4% |
| Equity10/15 | €13,467 | €7,222 | €12,684 | €14,167 | €12,202 | ▼ 13.9% |
| Contributions10/11 | - | €15,000 | €15,000 | €15,000 | €15,000 | = |
| Profit (loss) carried forward14 | -€1,533 | -€7,778 | -€2,316 | -€833 | -€2,798 | ▼ 236% |
| Amounts payable17/49 | €17,329 | €61,679 | €53,820 | €74,154 | €87,085 | ▲ 17.4% |
| Amounts payable within one year42/48 | €17,329 | €61,122 | €53,478 | €71,511 | €86,034 | ▲ 20.3% |
| Trade debts44 | €3,775 | €3,722 | €75 | €12,271 | €4,719 | ▼ 61.5% |
| Suppliers440/4 | - | €3,722 | €75 | €12,271 | €4,719 | ▼ 61.5% |
| Taxes, remuneration and social security45 | - | €12,335 | €12,913 | €5,072 | €11,488 | ▲ 127% |
| Taxes450/3 | - | €9,954 | €11,974 | €535 | €5,796 | ▲ 983% |
| Remuneration and social security454/9 | - | €2,381 | €939 | €4,537 | €5,692 | ▲ 25.5% |
| Other amounts payable47/48 | - | €45,064 | €40,490 | €54,169 | €69,826 | ▲ 28.9% |
| Accrued charges and deferred income492/3 | - | €557 | €342 | €2,642 | €1,052 | ▼ 60.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1,533 | -€6,246 | €5,463 | €1,483 | -€1,965 | ▼ 233% |
| + Depreciation and write-downs630 | €2,201 | €2,250 | €2,250 | €3,015 | €2,500 | ▼ 17.1% |
| Operating cash flow (approximation) | €668 | -€3,996 | €7,713 | €4,498 | €535 | ▼ 88.1% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€15,000 | €14,235 | ▲ 195% |
| Change in cash | - | €11,375 | -€2,814 | -€4,672 | -€1,040 | ▲ 77.7% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
11-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 133 days late
2024
14-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 106 days late
2023
22-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €5,463
Net result €5,463 after 2 loss-making years.
28-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 89 days late
01-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 185 days late
2021
31-12
Financial
Weakest financial yearnet -€6,246
Net result drops to -€6,246, the lowest in the series; recovery starts the following year.
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 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, Stabroek · 1 establishment unit since 2020
Ground area
974 m²
Building footprint
148 m²
Volume, LiDAR
699 m³
Parcel 11044B0032/02A000, Flanders · tallest building 7.2 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Ihsan
since 20202.302.864.825
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11044B0032/02A000 | Flanders | 974 m² | 1 · 148 m² | 7.2 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 3,205 companies in sector 95316 we hold annual accounts for 754. 485 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded27-05-2020
Fiscal year end31-12
Activities, NACEBEL 2025
95316Washing and cleaning of motor vehicles
56111Full-service restaurants
56112Limited-service restaurants, excluding mobile food services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0747659370
Also
9925:BE0747659370
Registered
16-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.