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Industrial Service & Project Management

Active
Private limited companyfounded 20179 yrs activeHoutvesterstraat 20, 2275 Lille, BelgiumKBO/BCE: BE 0675.628.160

Industrial Service & Project Management has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €21k and a net result of €34k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 29% of 199 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.0% (low).

Checked score

Score 2024
65 / 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100=
Solvency54▼-22
Growth78=
Track record100
Bankruptcy probability, 12 months
1.0% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity short (current ratio 0.56 against 0.75 in 2023; short-term debt: 70.8% and cash: 18.9% of total assets), and 70.8% of the assets are financed with debt.
Credit advice for your own amount and term

Signals

Four signals. The signal on the left, the evidence on the right.
+raises riskneutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 22
Relative position
BE, all sectors
reference
Sector 22
higher
← fewer bankruptcies more bankruptcies →
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 2024
Solvency, return and age of the figures
Solvency
29.2%
Return on assets
47.2%
Age of the figures
21 mo
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 04-07-2025, 27 days ahead of the deadline.
NBB · 7 filings
Deviation from the deadline
2025
not confirmed
2024
27 d early
2023
26 d early
2022
34 d early
2021
32 d early
2020
31 d early
2019
28 d early
← before the deadline after the deadline →
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

Financials · fiscal year 2024, abbreviated schema

Equity
€21k▼ 55.0%
2023 · €46k
2018: €-8k 2019: €-30k 2020: €-14k 2021: €1k 2022: €17k 2023: €46k
2018 → 2024
Total assets
€71k▼ 21.4%
2023 · €91k
2018: €67k 2019: €47k 2020: €72k 2021: €117k 2022: €116k 2023: €91k
2018 → 2024
Net result
€34k▲ 15.3%
2023 · €29k
2018: €-28k 2019: €-22k 2020: €16k 2021: €15k 2022: €16k 2023: €29k
2018 → 2024
Working capital
€-22k▼ 125%
2023 · €-10k
2018: €561 2019: €-20k 2020: €-18k 2021: €-80k 2022: €-53k 2023: €-10k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise ▼ fall
Line20202021202220232024Trend
Equity€-14k-€1k€17k▲ 1,116%€46k▲ 171%€21k▼ 55.0%
Operating result€17k-€16k▼ 9.7%€19k▲ 18.4%€38k▲ 104%€43k▲ 12.4%
Net result€16k-€15k▼ 7.2%€16k▲ 3.9%€29k▲ 86.1%€34k▲ 15.3%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
€0€20k€40kOperating result 2020: €17k€17kNet result 2020: €16k€16kOperating result 2021: €16k€16kNet result 2021: €15k€15kOperating result 2022: €19k€19kNet result 2022: €16k€16kOperating result 2023: €38k€38kNet result 2023: €29k€29kOperating result 2024: €43k€43kNet result 2024: €34k€34k20202021202220232024
After the dip in 2021 the operating result has climbed three years in a row; 2024 is 12% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €71k
Fixed assets €43k▼ 29.4%
Current assets €28k▼ 5.5%
Equity and liabilities €71k
Equity €21k▼ 55.0%
Debt €50k▲ 13.4%
The debt ratio rises from 49.0% to 70.8%. Equity is lower and debt is higher.
Key figures and ratios
2024 value · change against 2023
EBITDA
€61k
2023 · €57k
Cash flow
€52k
2023 · €48k
Solvency
29.2%
2023 · 51.0%
Current ratio
0.56
2023 · 0.75
Quick ratio
0.56
2023 · 0.75
Debt / equity
2.42
2023 · 0.96
ROE
161.6%
2023 · 63.1%
ROA
47.2%
2023 · 32.1%
Interest coverage
116.52
2023 · 56.57
Debt
€50k
2023 · €44k
Debt ≤ 1 year
€50k
2023 · €40k
Income taxes
€9k
2023 · €8k
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 · 2024 against 2023
Balance sheet Code20232024
Assets
Total assets20/58€91k€71k
Fixed assets21/28€61k€43k
Tangible fixed assets22/27€61k€43k
Plant, machinery and equipment23€16k€15k
Furniture and vehicles24€44k€28k
Financial fixed assets28€40-
Current assets29/58€30k€28k
Amounts receivable within one year40/41€17k€14k
Trade receivables40€16k€10k
Other amounts receivable41€2k€4k
Cash at bank and in hand54/58€12k€13k
Deferred charges and accrued income490/1€801€608
Equity and liabilities
Total equity and liabilities10/49€91k€71k
Equity10/15€46k€21k
Contributions10/11€20k€20k=
Reserves13-€198
Distributable reserves133-€198
Profit (loss) carried forward14€26k€598
Amounts payable17/49€44k€50k
Amounts payable after more than one year17€5k-
Financial debts170/4€5k-
Amounts payable within one year42/48€40k€50k
Current portion of amounts payable after more than one year42€5k€5k
Trade debts44€2k€400
Suppliers440/4€2k€400
Taxes, remuneration and social security45€11k€7k
Taxes450/3€11k€7k
Other amounts payable47/48€21k€38k
Income statement Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€19k€18k
Other operating charges640/8€994€819
Gross operating margin9900€58k€62k
Operating profit (loss)9901€38k€43k
Financial charges65/66B€1k€525
Recurring financial charges65€1k€525
Profit (loss) for the period before taxes9903€37k€42k
Income taxes67/77€8k€9k
Profit (loss) for the period9904€29k€34k
Profit (loss) for the period to be appropriated9905€29k€34k
Appropriation of the result
Profit (loss) to be appropriated9906€26k€60k
Profit (loss) brought forward from the previous period14P€-3k€26k
Transfer to equity691/2-€198
To other reserves6921-€198
Profit to be distributed694/7-€59k
Return on contributions (dividend)694-€59k

The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

2025
04-07
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial Highest result since 2018net €34k ▲15.3%
Operating result €43k, net result €34k, both a record.
05-07
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
27-06
NBB filing Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
29-06
NBB filing Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-06
NBB filing Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial Back to profitnet €16k
Net result €16k after 2 loss-making years.
03-07
NBB filing Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
24-06
NBB filing Annual accounts filed
fiscal year 2018 · 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, Lille · 1 establishment unit since 2017
establishment The establishment unit on the map
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.

Houtvesterstraat 202275 Lille
Ground area
780 m²
Building footprint
140 m²
Volume, LiDAR
937 m³
Parcel 13047E0180/00R002, Flanders · tallest building 9.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Europe Custom Trailers
Houtvesterstraat 20, 2275 LilleManufacture of rubber and plastic products
since 20172.264.699.481
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
13047E0180/00R002 Flanders 780 m² 1 · 140 m² 9.3 m · 2 fl.
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.

Similar companies · same sector, comparable size

Of 371 companies in sector 22210 we hold annual accounts for 293. 84 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification
Legal formPrivate limited company
Founded11-05-2017
Fiscal year end31-12
Abbreviation NL ISPM
Activities, NACEBEL
22210Manufacture of rubber and plastic products
25110Manufacture of metal structures and parts of structures
25120Manufacture of fabricated metal products, except machinery and equipment
25402Manufacture of fabricated metal products, except machinery and equipment
25502Manufacture of fabricated metal products, except machinery and equipment
25510Coating of metals
25530Machining of metals
25610Manufacture of fabricated metal products, except machinery and equipment
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers

Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.