ISA-23
ActiveSummary
The computed 12-month bankruptcy probability of ISA-23 is 3.5% (moderate). The 2024 annual accounts show equity of €13k and a net result of €-5k. Its solvency ranks better than 56% of 9982 sector peers (fiscal year 2024). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability0▼-100
Solvency73▼-20
Growth32
Track record94
Bankruptcy probability, 12 months
3.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Liquidity ample (current ratio 1.78 against 2.71 in 2023; short-term debt: 52.1% and cash: 11.6% of total assets), but 52.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← 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 2024Solvency, return and age of the figures
Solvency
47.9%
Return on assets
-17.1%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-08-2025, 28 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 · 2 filingsDeviation from the deadline
2025
not confirmed
2024
28 d late
2023
89 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€13k▼ 26.3%
2023 · €18k
2023: €18k
2024: €13k▼ -26.3% vs 2023
2023 → 2024
Total assets
€27k▲ 4.7%
2023 · €26k
2023: €26k
2024: €27k▲ +4.7% vs 2023
2023 → 2024
Net result
€-5k
2023 · €17k
2023: €17k
2024: €-5k▼ -128% vs 2023
2023 → 2024
Working capital
€11k▼ 22.0%
2023 · €14k
2023: €14k
2024: €11k▼ -22.0% vs 2023
2023 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20232024Trend
Equity€18k-€13k▼ 26.3%
2023: €18k
2024: €13k▼ -26.3% vs 2023
Operating result€22k-€-4k
2023: €22k
2024: €-4k▼ -120% vs 2023
Net result€17k-€-5k
2023: €17k
2024: €-5k▼ -128% vs 2023
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 €4k after €22k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €27k
Fixed assets
€2k ▼ 44.2%
Current assets
€25k ▲ 12.1%
Equity and liabilities €27k
Equity
€13k ▼ 26.3%
Debt
€14k ▲ 70.5%
Debt's share of the balance-sheet total rises from 32.0% to 52.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-3k▼
2023 · €24k
Cash flow
€-4k▼
2023 · €18k
Current ratio
1.78▼
2023 · 2.71
Debt to equity
1.09▲
2023 · 0.47
ROE
-35.7%▼
2023 · 94.4%
ROA
-17.1%▼
2023 · 64.2%
Interest coverage
-25.44▼
2023 · 34.21
Debt ≤ 1 year
€14k▲
2023 · €8k
Income taxes
€139▼
2023 · €5k
Staff costs
€213
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 43 lines
Balance sheet
Code20232024
Assets
Total assets20/58€26k€27k▲
Formation expenses20€4€0▼
Fixed assets21/28€3k€2k▼
Tangible fixed assets22/27€3k€2k▼
Plant, machinery and equipment23€543€413▼
Furniture and vehicles24€3k€2k▼
Current assets29/58€23k€25k▲
Amounts receivable after more than one year29€4k€4k=
Other amounts receivable291€4k€4k=
Amounts receivable within one year40/41€8k€19k▲
Trade receivables40€7k€18k▲
Other amounts receivable41€594€647▲
Cash at bank and in hand54/58€11k€3k▼
Deferred charges and accrued income490/1€676-
Equity and liabilities
Total equity and liabilities10/49€26k€27k▲
Equity10/15€18k€13k▼
Contributions10/11€1k€1k=
Reserves13€17k€17k=
Distributable reserves133€17k€17k=
Profit (loss) carried forward14-€-5k
Amounts payable17/49€8k€14k▲
Amounts payable within one year42/48€8k€14k▲
Trade debts44€3k€12k▲
Suppliers440/4€3k€12k▲
Taxes, remuneration and social security45€6k€525▼
Taxes450/3€6k€525▼
Other amounts payable47/48-€1k
Income statement
Code20232024
Remuneration, social security and pensions62-€213
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€960▼
Other operating charges640/8€1k€1k▼
Gross operating margin9900€25k€-2k▼
Operating profit (loss)9901€22k€-4k▼
Financial income75/76B€134€9▼
Recurring financial income75€134€9▼
Financial charges65/66B€694€136▼
Recurring financial charges65€694€136▼
Profit (loss) for the period before taxes9903€22k€-5k▼
Income taxes67/77€5k€139▼
Profit (loss) for the period9904€17k€-5k▼
Profit (loss) for the period to be appropriated9905€17k€-5k▼
Appropriation of the result
Profit (loss) to be appropriated9906€17k€-5k▼
Transfer to equity691/2€17k-
To other reserves6921€17k-
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Remuneration, social security and pensions62 | - | €213 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1k | €960 | ▼ 35.9% |
| Other operating charges640/8 | €1k | €1k | ▼ 14.8% |
| Gross operating margin9900 | €25k | €-2k | ▼ 108% |
| Operating profit (loss)9901 | €22k | €-4k | ▼ 120% |
| Financial income75/76B | €134 | €9 | ▼ 93.4% |
| Recurring financial income75 | €134 | €9 | ▼ 93.4% |
| Financial charges65/66B | €694 | €136 | ▼ 80.4% |
| Recurring financial charges65 | €694 | €136 | ▼ 80.4% |
| Profit (loss) for the period before taxes9903 | €22k | €-5k | ▼ 121% |
| Income taxes67/77 | €5k | €139 | ▼ 97.2% |
| Profit (loss) for the period9904 | €17k | €-5k | ▼ 128% |
| Profit (loss) for the period to be appropriated9905 | €17k | €-5k | ▼ 128% |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €26k | €27k | ▲ 4.7% |
| Formation expenses20 | €4 | €0 | ▼ 100% |
| Fixed assets21/28 | €3k | €2k | ▼ 44.2% |
| Tangible fixed assets22/27 | €3k | €2k | ▼ 44.2% |
| Plant, machinery and equipment23 | €543 | €413 | ▼ 23.9% |
| Furniture and vehicles24 | €3k | €2k | ▼ 48.0% |
| Current assets29/58 | €23k | €25k | ▲ 12.1% |
| Amounts receivable after more than one year29 | €4k | €4k | = |
| Other amounts receivable291 | €4k | €4k | = |
| Amounts receivable within one year40/41 | €8k | €19k | ▲ 146% |
| Trade receivables40 | €7k | €18k | ▲ 158% |
| Other amounts receivable41 | €594 | €647 | ▲ 8.9% |
| Cash at bank and in hand54/58 | €11k | €3k | ▼ 70.7% |
| Deferred charges and accrued income490/1 | €676 | - | - |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €26k | €27k | ▲ 4.7% |
| Equity10/15 | €18k | €13k | ▼ 26.3% |
| Contributions10/11 | €1k | €1k | = |
| Reserves13 | €17k | €17k | = |
| Distributable reserves133 | €17k | €17k | = |
| Profit (loss) carried forward14 | - | €-5k | - |
| Amounts payable17/49 | €8k | €14k | ▲ 70.5% |
| Amounts payable within one year42/48 | €8k | €14k | ▲ 70.5% |
| Trade debts44 | €3k | €12k | ▲ 382% |
| Suppliers440/4 | €3k | €12k | ▲ 382% |
| Taxes, remuneration and social security45 | €6k | €525 | ▼ 91.0% |
| Taxes450/3 | €6k | €525 | ▼ 91.0% |
| Other amounts payable47/48 | - | €1k | - |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €17k | €-5k | ▼ 128% |
| + Depreciation and write-downs630 | €1k | €960 | ▼ 35.9% |
| Operating cash flow (approximation) | €18k | €-4k | ▼ 120% |
| Investment in fixed assets (approximation) | - | €563 | - |
| Change in cash | - | €-8k | - |
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
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
28-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 89 days late
NBB filing
0 of 1 act read
About the unread acts
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.
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Directors · office · real estate
Directors
1 act for this company is 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, Gent · 1 establishment unit since 2023
Ground area
47 m²
Building footprint
50 m²
Volume, LiDAR
592 m³
Parcel 44021A1822/00T004, Flanders · tallest building 14.6 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
ISA-23
since 20232.340.040.569
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44021A1822/00T004 | Flanders | 47 m² | 1 · 50 m² | 14.6 m · 4 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.
Similar companies · same sector, comparable size
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Of 29,779 companies in sector 41001 we hold annual accounts for 16,044. 10,261 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
Founded04-01-2023
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
43410Roofing work
41002Construction of residential and non-residential buildings
41003General construction of other non-residential buildings
43990Other specialised construction activities
81210General cleaning of buildings
Scores and ratios are computed by Checked and are not a credit decision.