Active BE 0818.875.285Private limited company

ILS

Beukenlaan 57 ·9971 Kaprijke, Belgium· 16 yrs active

Sector: Business and other management consultancy (70200)

Conclusion Checked

ILS has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €31k and a net result of €-5k. Equity is shrinking by ~11.9% per year across the filed fiscal years. Its solvency ranks better than 54% of 4760 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Based on the State Gazette, CBE and 4 annual accounts.

Key figures

Equity	€31k
Net result	€-5k
Better than sector	54%
Active	16 yrs

Financial profile 5 of 5 axes measured · computed by Checked

67 / 100

Strong profile, led by stability.

All 5 axes are computed from data Checked has read.

Health 78

Profitability 0

Solvency 99

Growth 58

Stability 100

Bankruptcy probability (12 mo) Checked model v1 · free

0.2% Very low

0%0,5%1,5%4%10%≥25%

How do we compute this?

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

Established

Founded in 2009, 16 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Checked score FY 2025 · computed

78 / 100 Excellent

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Indicative credit limit

€3k

estimate, not credit advice

Score history

73 2022

78 2023

78 2024

78 2025

purely financial, excl. current insolvency signals

Score components

Liquidity Current ratio 2.40 (≥ 1.5) +10

Quick ratio Quick ratio 2.40 (≥ 1.0) +5

Leverage Debt/equity 0.66 (< 1.0) +10

Profitability Negatieve ROE -15% -10

Interest coverage Interest coverage 11.2× (≥ 3×) +8

Profit trend Net profit up YoY +5

Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.

Financial overview16 NBB filings

Annual accounts filed on 30-07-2026 with the NBB · fiscal year 2025 · micro schema

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

declining Equity: declining trend of ~11.9%/year over 4 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2025 · NACE 70, Activities of head offices; management consultancy activities · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	60.3%	55.4%	better than 54% of 4760 sector peers
Net result	€-5k	€38k	better than 9% of 4760 sector peers
Equity	€31k	€64k	better than 34% of 4761 sector peers
Gross operating margin	€9k	€61k	better than 15% of 4753 sector peers
Total assets	€51k	€146k	better than 16% of 4761 sector peers

EBITDA

€7k

-29.7% 22-25

Net profit

€-5k

+3.1% 22-25

Cash flow

€2k

-27.4% 22-25

Total assets

€51k

-14.2% 22-25

Equity

€31k

-12.9% 22-25

Working capital

€28k

+10.3% 22-25

Staff costs

€0

-100.0% 22-25

Income taxes

€4k

-30.7% 22-25

Debt

€20k

-16.1% 22-25

Debt ≤ 1y

€20k

-16.7% 22-25

Debt > 1y

€4k

- 22-25

Current ratio

2.40

+16.7% 22-25

Quick ratio

2.40

+16.7% 22-25

Solvency

60.3%

+1.5% 22-25

Debt / equity

0.66

-3.6% 22-25

ROE

-14.8%

-11.3% 22-25

ROA

-9.0%

-13.0% 22-25

Interest coverage

11.21

-3.3% 22-25

Figures by fiscal year and ratios

Highlight YoY changes (±10%)

Fiscal year	2025	2024	2023	2022
Deposit	micro schema	micro schema	abbreviated schema	abbreviated schema
Revenue	-	-	-	-
EBITDA	€7k	€9k	€4k	€2k
Net profit	€-5k	€-5k	€-8k	€-9k
Cash flow	€2k	€3k	€378	€-2k
Staff costs	-	€0	€110	-
Income taxes	€4k	€6k	€4k	€4k
Dividends	-	-	-	-
Total assets	€51k	€59k	€67k	€76k
Equity	€31k	€35k	€40k	€44k
Debt	€20k	€24k	€27k	€32k
of which ≤ 1y	€20k	€24k	€27k	€29k
of which > 1y	-	-	-	€4k
Working capital	€28k	€25k	€22k	€23k
Employees (FTE)	-	-	-	-

Note: these years are not on the same basis. The filed schemas differ (micro schema, abbreviated schema), so the columns are not directly comparable.

Ratios (computed)

	2025	2024	2023	2022
Current ratio	2.40	2.06	1.83	1.80
Quick ratio	2.40	2.06	1.83	1.80
Working capital ratio	55.2%	43.0%	33.2%	30.3%
Solvency	60.3%	59.5%	59.2%	57.4%
Debt / equity	0.66	0.68	0.69	0.74
Long-term debt ratio	-	-	-	0.08
Interest coverage	11.21	11.59	8.33	4.27
Gross margin	-	-	-	-
Net margin	-	-	-	-
ROA	-9.0%	-7.9%	-11.6%	-11.7%
ROE	-14.8%	-13.3%	-19.5%	-20.4%
EBITDA margin	-	-	-	-
Days sales outstanding	-	-	-	-
Days payable outstanding	-	-	-	-
Inventory turnover	-	-	-	-
Days inventory (DSI)	-	-	-	-

Balance-sheet composition 2025

Assets

Fixed assets €3k · 5.4% Current assets €48k · 94.6%

Equity & liabilities

Equity €31k · 60.4% Debt €20k · 39.7%

Full annual accounts (23 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2025	2024	2023	2022
Balance sheet, Assets
TOTAL ASSETS	20/58	€51k	€59k	€67k	€76k
Fixed assets	21/28	€3k	€10k	€18k	€24k
Tangible fixed assets	22/27	€3k	€10k	€18k	€24k
Current assets	29/58	€48k	€49k	€49k	€52k
Amounts receivable within one year	40/41	€207	€15k	€16k	€16k
Cash & bank	54/58	€17k	€16k	€14k	€18k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€51k	€59k	€67k	€76k
Equity	10/15	€31k	€35k	€40k	€44k
Contributions / capital	10/11	€12k	€12k	€12k	€12k
Reserves	13	€2k	€2k	€2k	€2k
Accumulated profits (losses)	14	€16k	€21k	€25k	€29k
Amounts payable	17/49	€20k	€24k	€27k	€32k
Amounts payable after one year	17	-	-	-	€4k
Amounts payable within one year	42/48	€20k	€24k	€27k	€29k
Trade debts payable within one year	44	€10k	€10k	€6k	€6k
Income statement
Gross operating margin	9900	€9k	€13k	€6k	€3k
Operating result	9901	€-450	€1k	€-4k	€-5k
Financial income	75	€332	€406	€332	€411
Financial charges	65	€583	€802	€535	€523
Result before taxes	9903	€-701	€850	€-4k	€-5k
Income taxes	67/77	€4k	€6k	€4k	€4k
Net result for the period	9904	€-5k	€-5k	€-8k	€-9k
Result to be appropriated	9905	€-5k	€-5k	€-8k	€-9k

Legal Structure

NACE primary	Business and other management consultancy(70200)
Legal form	Private limited company(610)
Incorporation	24-09-2009
Status	Active
Postal code	9971

Establishment units 1 location

ILS

Beukenlaan 57, 9971 KaprijkeBusiness consulting

since 20092.181.951.355

Real-estate footprint Source: CBE × cadastre

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
43009B1180/00F000	Flanders	1,544 m²	1 · 191 m²	7.2 m · 2 fl.

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.

Updates 10 events

All 10Filings 10

Next filing, fiscal year 2026, expected by 31-07-2027

2026

30-07