INTERNATIONAL SOFTWARE DEVELOPMENT
INTERNATIONAL SOFTWARE DEVELOPMENT has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €48k and a net result of €-4k. Equity remains stable across the filed fiscal years (±2.4% per year). Its solvency ranks better than 25% of 30893 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
| Equity | €48k |
| Net result | €-4k |
| Better than sector | 25% |
| Active | 30 yrs |
Mixed profile: strong on stability, weaker on profitability.
All 5 axes are computed from data Checked has read.
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).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 22.5% | 55.9% | |
| Net result | €-4k | €27k | |
| Equity | €48k | €83k | |
| Gross operating margin | €15k | €54k | |
| Total assets | €212k | €186k |
Figures by fiscal year and ratios
| Fiscal year | 2025 Δ | 2024 Δ | 2023 Δ | 2022 Δ | 2021 Δ |
|---|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - | - |
| EBITDA | -44.9% | +16.5% | +105.9% | -8.0% | - |
| Net profit | - | +321.8% | - | - | - |
| Cash flow | -50.6% | +30.3% | +151.2% | -76.4% | - |
| Staff costs | - | - | - | - | - |
| Income taxes | +26.5% | -75.5% | +423.0% | 0.0% | - |
| Dividends | - | - | - | - | - |
| Total assets | -9.1% | -0.5% | -1.5% | -9.0% | - |
| Equity | -7.7% | +17.6% | +4.3% | -16.9% | - |
| Debt | -9.6% | -4.7% | -2.8% | -7.1% | - |
| of which ≤ 1y | +23.4% | -16.8% | +14.1% | -9.8% | - |
| of which > 1y | -18.4% | -0.8% | -7.2% | -6.4% | - |
| Working capital | -18.6% | +37.4% | +13.5% | -6.6% | - |
| Employees (FTE) | - | - | - | - | - |
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Current ratio | 2.44 | 3.18 | 2.32 | 2.33 | 2.28 |
| Quick ratio | 2.44 | 3.18 | 2.32 | 2.33 | 2.28 |
| Working capital ratio | 32.2% | 35.9% | 26.0% | 22.5% | 22.0% |
| Solvency | 22.5% | 22.1% | 18.7% | 17.7% | 19.3% |
| Debt / equity | 3.45 | 3.52 | 4.34 | 4.66 | 4.17 |
| Long-term debt ratio | 2.46 | 2.78 | 3.29 | 3.70 | 3.28 |
| Interest coverage | 5.40 | 9.14 | 7.59 | 3.14 | 3.21 |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | -1.9% | 3.3% | 0.8% | -3.9% | 5.4% |
| ROE | -8.3% | 14.9% | 4.2% | -21.9% | 28.1% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Full annual accounts (23 line items)
| Line item | Code | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €212k | €233k | €235k | €238k | €262k |
| Fixed assets | 21/28 | €96k | €111k | €127k | €144k | €159k |
| Tangible fixed assets | 22/27 | €96k | €111k | €127k | €144k | €159k |
| Current assets | 29/58 | €116k | €122k | €107k | €94k | €102k |
| Amounts receivable within one year | 40/41 | €16k | €15k | €14k | €16k | €13k |
| Cash & bank | 54/58 | €99k | €108k | €93k | €78k | €90k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €212k | €233k | €235k | €238k | €262k |
| Equity | 10/15 | €48k | €52k | €44k | €42k | €51k |
| Contributions / capital | 10/11 | €6k | €6k | €6k | €6k | €6k |
| Reserves | 13 | €127k | €127k | €119k | €119k | €119k |
| Accumulated profits (losses) | 14 | €-86k | €-82k | €-82k | €-84k | €-74k |
| Amounts payable | 17/49 | €164k | €182k | €191k | €196k | €211k |
| Amounts payable after one year | 17 | €117k | €143k | €145k | €156k | €166k |
| Amounts payable within one year | 42/48 | €47k | €38k | €46k | €40k | €45k |
| Trade debts payable within one year | 44 | €3k | €2k | €1k | €278 | €3k |
| Income statement | ||||||
| Gross operating margin | 9900 | €15k | €27k | €23k | €11k | €14k |
| Operating result | 9901 | €-896 | €11k | €7k | €-5k | €-5k |
| Financial income | 75 | €279 | €340 | €115 | - | €23k |
| Financial charges | 65 | €3k | €3k | €3k | €4k | €4k |
| Result before taxes | 9903 | €-3k | €8k | €4k | €-9k | €15k |
| Income taxes | 67/77 | €585 | €462 | €2k | €360 | €360 |
| Net result for the period | 9904 | €-4k | €8k | €2k | €-9k | €14k |
| Result to be appropriated | 9905 | €-4k | €8k | €2k | €-9k | €14k |
| NACE primary | Business and other management consultancy(70200) |
| Legal form | Private limited company(610) |
| Incorporation | 26-06-1996 |
| Status | Active |
| Postal code | 9308 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41019B0049/00N000 | Flanders | 1,327 m² | 1 · 554 m² | 10.4 m |
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
07-02-2024 Publication in the Belgian Official Gazette, Minor change
Technical details
{
"notary": {
"name": "Tim VANDERSTEEN",
"firm_city": null,
"firm_name": "Els De Block en Tim Vandersteen, geassocieerde notarissen",
"office_city": "Assenede",
"is_associated": true
},
"act_meta": {
"language": "nl",
"pub_date": "2024-02-07",
"filing_date": "2024-02-04",
"act_kind_objet": "WIJZIGING RECHTSVORM, STATUTEN (VERTALING, COORDINATIE, OVERIGE WIJZIGINGEN), ONTSLAGEN, BENOEMINGEN"
},
"decision": {
"body": "algemene_vergadering",
"date": "2023-12-30",
"unanimous": true
},
"agm_change": {
"new_schedule": null,
"old_schedule": "derde vrijdag van de maand mei om 14u",
"effective_from_year": null,
"rule_changes_summary": "Aanpassing van de statuten aan het Wetboek van vennootschappen en verenigingen, inclusief bepalingen over quorum en meerderheden."
},
"detected_kind": "statutes_change",
"other_address": null,
"mandate_renewal": {
"period_end": null,
"mandate_kind": "bestuurder",
"period_start": null,
"remuneration_eur": null,
"remuneration_kind": null,
"person_or_entity_kbo": null,
"person_or_entity_name": "Roels Michel"
},
"subject_company": {
"kbo": "0458.317.179",
"name_full": "INTERNATIONAL SOFTWARE DEVELOPMENT",
"legal_form": "BV"
},
"accounts_deposit": null,
"publication_proxy": {
"kind": "none",
"org_kbo": null,
"org_name": null,
"person_name": null,
"org_rep_person_name": null
},
"co_filed_documents": [
"de expeditie van de akte",
"de geco\u00F6rdineerde statuten"
],
"fiscal_year_change": {
"new_end_mm_dd": "31",
"old_end_mm_dd": null,
"new_start_mm_dd": "01",
"old_start_mm_dd": null,
"first_full_new_year": null,
"transition_period_end": null
},
"liquidation_closure": null,
"officer_designation": {
"role": "bestuurder",
"organ": "bestuursorgaan",
"person_name": "ROELS Michel Albert Jeanne"
},
"special_procuration": null,
"is_volet_a_only_stub": false,
"vakbekwaamheid_change": null,
"should_reroute_to_category": null,
"single_shareholder_declaration": null
}| Legal nameNL | INTERNATIONAL SOFTWARE DEVELOPMENT |
| AbbreviationNL | I.S.D. |