ILSE H.
ActiveILSE H. has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €253k and a net result of €31k. Equity is growing by ~5.1% per year across the filed fiscal years. Its solvency ranks better than 66% of 10289 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
71
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability77▼-2
Solvency78▲+12
Growth78=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €17k at 30 days acceptable
Liquidity ample (current ratio 2.06 against 1.58 in 2024; short-term debt: 36.2% and cash: 21.2% of total assets), and 46.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 47
Relative position
BE, all sectors
reference
Sector 47
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
53.3%
Return on assets
6.5%
Age of the figures
18 mo
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 · Filed after the deadline
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 11-11-2025, 11 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
11 d late
2024
21 d early
2023
4 d early
2021
33 d early
2020
42 d early
2019
44 d early
2018
32 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close18-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€253k▲ 13.9%
2024 · €222k
2018: €154k
2019: €195k
2020: €233k
2021: €214k
2023: €275k
2024: €222k
2018 → 2025
Total assets
€474k▼ 13.0%
2024 · €545k
2018: €270k
2019: €282k
2020: €319k
2021: €364k
2023: €408k
2024: €545k
2018 → 2025
Net result
€31k▼ 33.8%
2024 · €47k
2018: €31k
2019: €41k
2020: €37k
2021: €-18k
2023: €111k
2024: €47k
2018 → 2025
Working capital
€181k▲ 25.2%
2024 · €145k
2018: €135k
2019: €187k
2020: €198k
2021: €160k
2023: €251k
2024: €145k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202320242025Trend
Equity€233k-€214k▼ 7.8%€275k▲ 28.3%€222k▼ 19.4%€253k▲ 13.9%
Operating result€36k-€-24k€123k€56k▼ 54.4%€34k▼ 38.7%
Net result€37k-€-18k€111k€47k▼ 57.8%€31k▼ 33.8%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 39% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €474k
Fixed assets
€121k▼ 19.0%
Current assets
€353k▼ 10.8%
Equity and liabilities €474k
Equity
€253k▲ 13.9%
Debt
€221k▼ 31.5%
The debt ratio falls from 59.3% to 46.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€77k▼
2024 · €100k
Cash flow
€73k▼
2024 · €90k
Solvency
53.3%▲
2024 · 40.7%
Current ratio
2.06▲
2024 · 1.58
Quick ratio
0.68▲
2024 · 0.66
Debt / equity
0.88▼
2024 · 1.46
ROE
12.2%▼
2024 · 21.1%
ROA
6.5%▼
2024 · 8.6%
Interest coverage
6.44▼
2024 · 9.72
Debt
€221k▼
2024 · €323k
Debt ≤ 1 year
€172k▼
2024 · €251k
Debt > 1 year
€45k▼
2024 · €65k
Income taxes
€9k▼
2024 · €20k
Staff costs
€117k▲
2024 · €107k
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€545k€474k▼
Fixed assets21/28€149k€121k▼
Tangible fixed assets22/27€149k€121k▼
Land and buildings22€2k€6k▲
Plant, machinery and equipment23€5k€662▼
Furniture and vehicles24€142k€106k▼
Other tangible fixed assets26-€8k
Financial fixed assets28€0-
Current assets29/58€395k€353k▼
Stocks and contracts in progress3€230k€235k▲
Stocks30/36€230k€235k▲
Amounts receivable within one year40/41€49k€13k▼
Trade receivables40€45k€5k▼
Other amounts receivable41€4k€8k▲
Cash at bank and in hand54/58€114k€100k▼
Deferred charges and accrued income490/1€3k€4k▲
Equity and liabilities
Total equity and liabilities10/49€545k€474k▼
Equity10/15€222k€253k▲
Contributions10/11€44k€44k=
Reserves13€178k€209k▲
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€178k€209k▲
Profit (loss) carried forward14€0-
Amounts payable17/49€323k€221k▼
Amounts payable after more than one year17€65k€45k▼
Financial debts170/4€65k€45k▼
Amounts payable within one year42/48€251k€172k▼
Current portion of amounts payable after more than one year42€19k€20k▲
Trade debts44€12k€2k▼
Suppliers440/4€12k€2k▼
Advances received on contracts in progress46€16k-
Taxes, remuneration and social security45€98k€55k▼
Taxes450/3€72k€34k▼
Remuneration and social security454/9€26k€20k▼
Other amounts payable47/48€105k€95k▼
Accrued charges and deferred income492/3€7k€5k▼
Income statement
Code20242025
Non-recurring operating income76A€9k-
Remuneration, social security and pensions62€107k€117k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€44k€43k▼
Other operating charges640/8€483€2k▲
Gross operating margin9900€207k€196k▼
Operating profit (loss)9901€56k€34k▼
Financial income75/76B€20k€17k▼
Recurring financial income75€20k€17k▼
Financial charges65/66B€10k€12k▲
Recurring financial charges65€10k€12k▲
Profit (loss) for the period before taxes9903€66k€40k▼
Income taxes67/77€20k€9k▼
Profit (loss) for the period9904€47k€31k▼
Profit (loss) for the period to be appropriated9905€47k€31k▼
Appropriation of the result
Profit (loss) to be appropriated9906€47k€31k▼
Profit (loss) brought forward from the previous period14P€0-
Transfer from equity791/2€100k-
Transfer to equity691/2€47k€31k▼
To other reserves6921€47k€31k▼
Profit to be distributed694/7€100k-
Return on contributions (dividend)694€100k-
Social balance
Average headcount (FTE)90872.82.8=
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
2025
11-11
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 11 days late
2024
10-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2023
27-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
31-03
Financial
Back to profitnet €111k
Net result €111k after one loss-making year.
2022
28-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Weakest financial yearnet €-18k ▼149%
Net result drops to €-18k, the lowest in the series; recovery starts the following year.
19-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Equity above €200kEq €233k ▲19.1%
3 profitable years in a row build equity to €233k.
17-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
29-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
22-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
29-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Maaseik · 2 establishment units since 2015
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.
Hamontweg 383680 MaaseikGround area
1,929 m²
Building footprint
798 m²
Volume, LiDAR
4,750 m³
3 parcels, Flanders · tallest building 12.2 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
Isle of Ilse
since 20152.238.201.457
Isle of Ilse
since 20162.265.480.926
3 parcels
Flanders
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72021B0367/00P000 | Flanders | 1,045 m² | 1 · 157 m² | 11.0 m · 3 fl. |
| 72004B0562/00F000 | Flanders | 530 m² | 1 · 365 m² | 12.2 m · 1 fl. |
| 72004B0547/00E000 | Flanders | 354 m² | 1 · 277 m² | 12.0 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 2
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
BRIGHTSTORES
BE 0642.961.827
Ukkel · Eq €253k
CAVALRY TWILL
BE 0877.851.978
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LE SECRET D'O
BE 0782.580.261
Oostende · Eq €252k
NICOLE MEN
BE 0415.449.911
Gent · Eq €251k
BRONX
BE 0449.132.665
Ninove · Eq €254k
Of 6,501 companies in sector 47716 we hold annual accounts for 2,438. 1,706 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded12-01-2015
Fiscal year end31-03
Activities, NACEBEL
47711Retail sale of women's outerwear
47716Retail sale of clothing and accessories for women, men, children and babies (general range)
47722Retail trade
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.