ISA CONCEPT
ActiveSummary
The computed 12-month bankruptcy probability of ISA CONCEPT is 3.7% (moderate). The 2024 annual accounts show equity of €80k and a net result of €37k. Equity is growing by ~33.9% per year across the filed fiscal years. Its solvency ranks better than 85% of 36375 sector peers (fiscal year 2024). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability100▲+22
Solvency100▲+27
Growth85=
Track record100
Bankruptcy probability, 12 months
3.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity ample (current ratio 6.81 against 2.12 in 2023; short-term debt: 12.4% and cash: 28.4% of total assets), and 21% of the assets are financed with debt.
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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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 18-06-2025, 43 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
43 d early
2023
42 d early
2022
47 d early
2021
38 d early
2020
23 d early
2019
4 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Turnover
€440k▲ 53.6%
2022 · €286k
EBIT margin
5.4%▼ 0.1pp
2022 · 5.5%
Net result
€37k▲ 102%
2023 · €18k
Working capital
€73k▲ 94.9%
2023 · €38k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€138k▼ 26.8%€250k▲ 80.5%€286k▲ 14.7%€440k▲ 53.6%
Operating result€5k▼ 66.7%€20k▲ 335%€16k▼ 20.1%€24k▲ 50.5%€48k▲ 102%
Net result€3k▼ 66.5%€14k▲ 318%€12k▼ 19.0%€18k▲ 56.8%€37k▲ 102%
EBIT margin3.3%▼ 3.9pp7.9%▲ 4.6pp5.5%▼ 2.4pp5.4%▼ 0.1pp
Equity€20k▲ 20.8%€34k▲ 72.1%€46k▲ 33.9%€44k▼ 4.0%€80k▲ 83.6%
Total assets€28k▼ 41.1%€40k▲ 41.4%€74k▲ 85.8%€91k▲ 23.1%€102k▲ 11.9%
Debt€8k▼ 73.4%€6k▼ 31.3%€28k▲ 394%€47k▲ 66.7%€21k▼ 54.6%
Working capital€14k▼ 7.8%€29k▲ 98.2%€37k▲ 29.8%€38k▲ 0.8%€73k▲ 94.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 102% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €102k
Fixed assets
€16k ▼ 19.0%
Current assets
€86k ▲ 20.5%
Equity and liabilities €102k
Equity
€80k ▲ 83.6%
Debt
€21k ▼ 54.6%
Debt's share of the balance-sheet total falls from 51.9% to 21.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€55k▲
2023 · €30k
Cash flow
€44k▲
2023 · €25k
Current ratio
6.81▲
2023 · 2.12
Debt to equity
0.27▼
2023 · 1.08
ROE
45.5%▲
2023 · 41.4%
ROA
35.9%▲
2023 · 19.9%
Interest coverage
286.89▲
2023 · 102.62
Debt ≤ 1 year
€13k▼
2023 · €34k
Debt > 1 year
€9k▼
2023 · €14k
Income taxes
€11k▲
2023 · €5k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €138k | €250k | €286k | €440k | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €227k | €265k | €409k | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3k | €3k | €5k | €7k | €7k | ▲ 0.9% |
| Other operating charges640/8 | - | €292 | €128 | €129 | €182 | ▲ 41.9% |
| Gross operating margin9900 | €7k | €23k | €21k | €31k | €55k | ▲ 79.2% |
| Operating profit (loss)9901 | €5k | €20k | €16k | €24k | €48k | ▲ 102% |
| Financial income75/76B | - | €116 | €1 | - | €6 | - |
| Recurring financial income75 | €45 | €116 | €1 | - | €6 | - |
| Financial charges65/66B | - | €900 | €306 | €296 | €190 | ▼ 35.8% |
| Recurring financial charges65 | €329 | €900 | €306 | €296 | €190 | ▼ 35.8% |
| Profit (loss) for the period before taxes9903 | €4k | €19k | €15k | €23k | €47k | ▲ 104% |
| Income taxes67/77 | €810 | €5k | €4k | €5k | €11k | ▲ 111% |
| Profit (loss) for the period9904 | €3k | €14k | €12k | €18k | €37k | ▲ 102% |
| Profit (loss) for the period to be appropriated9905 | €3k | €14k | €12k | €18k | €37k | ▲ 102% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €28k | €40k | €74k | €91k | €102k | ▲ 11.9% |
| Fixed assets21/28 | €5k | €5k | €27k | €20k | €16k | ▼ 19.0% |
| Tangible fixed assets22/27 | €5k | €5k | €27k | €20k | €16k | ▼ 19.0% |
| Plant, machinery and equipment23 | - | €771 | €1k | €520 | €779 | ▲ 49.7% |
| Furniture and vehicles24 | - | €5k | €26k | €19k | €15k | ▼ 20.8% |
| Current assets29/58 | €23k | €34k | €47k | €71k | €86k | ▲ 20.5% |
| Amounts receivable within one year40/41 | €13k | €13k | €18k | €58k | €54k | ▼ 7.3% |
| Trade receivables40 | - | €11k | €16k | €53k | €54k | ▲ 0.6% |
| Other amounts receivable41 | - | €2k | €2k | €5k | €88 | ▼ 98.1% |
| Cash at bank and in hand54/58 | €10k | €21k | €28k | €9k | €29k | ▲ 207% |
| Deferred charges and accrued income490/1 | - | €354 | €2k | €4k | €3k | ▼ 18.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €28k | €40k | €74k | €91k | €102k | ▲ 11.9% |
| Equity10/15 | €20k | €34k | €46k | €44k | €80k | ▲ 83.6% |
| Contributions10/11 | - | €6k | €6k | €8k | €8k | = |
| Reserves13 | €2k | €2k | €2k | - | €10k | - |
| Non-distributable reserves130/1 | - | €2k | €2k | - | - | - |
| Reserves not available under the articles1311 | - | €2k | €2k | - | - | - |
| Distributable reserves133 | - | - | - | - | €10k | - |
| Profit (loss) carried forward14 | €12k | €26k | €38k | €36k | €62k | ▲ 74.5% |
| Amounts payable17/49 | €8k | €6k | €28k | €47k | €21k | ▼ 54.6% |
| Amounts payable after more than one year17 | - | - | €18k | €14k | €9k | ▼ 34.9% |
| Financial debts170/4 | - | - | €18k | €14k | €9k | ▼ 34.9% |
| Amounts payable within one year42/48 | €8k | €6k | €10k | €34k | €13k | ▼ 62.6% |
| Current portion of amounts payable after more than one year42 | - | - | €5k | €5k | €5k | = |
| Trade debts44 | €4k | €1k | €2k | €4k | €4k | ▼ 12.0% |
| Suppliers440/4 | - | €1k | €2k | €4k | €4k | ▼ 12.0% |
| Bills of exchange payable441 | - | €36 | - | - | - | - |
| Taxes, remuneration and social security45 | - | €5k | €3k | €11k | €4k | ▼ 63.7% |
| Taxes450/3 | - | €5k | €3k | €6k | €4k | ▼ 36.2% |
| Remuneration and social security454/9 | - | - | - | €5k | - | - |
| Other amounts payable47/48 | - | €75 | €140 | €14k | €202 | ▼ 98.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3k | €14k | €12k | €18k | €37k | ▲ 102% |
| + Depreciation and write-downs630 | €3k | €3k | €5k | €7k | €7k | ▲ 0.9% |
| Operating cash flow (approximation) | €6k | €17k | €16k | €25k | €44k | ▲ 74.2% |
| Investment in fixed assets (approximation) | - | €-3k | €-26k | €0 | €-3k | - |
| Change in cash | - | €12k | €7k | €-19k | €20k | ▲ 205% |
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
18-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2019net €37k ▲102%
Operating result €48k, net result €37k, both a record.
31-12
Financial
Liquidity triplescurrent ratio 6.81
Current ratio from 2.12 to 6.81; short-term debt falls from €34k to €13k.
19-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
14-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
23-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Liquidity doublescurrent ratio 6.00
Current ratio from 2.74 to 6.00; short-term debt falls from €8k to €6k.
08-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €3k ▼66.5%
Net result drops to €3k, the lowest in the series; recovery starts the following year.
27-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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, Jette · 1 establishment unit since 2018
Ground area
516 m²
Building footprint
516 m²
Volume, LiDAR
3,705 m³
Parcel 21464F0012/00H003, Brussels · tallest building 14.2 m, ±2 floors. Linked by address, not a title deed.
8
companies at this address
See who is registered here
1 establishment unit
ISA CONCEPT
since 20182.282.271.428
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21464F0012/00H003 | Brussels | 515 m² | 1 · 516 m² | 14.2 m · 2 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
BILD CONCEPT
BE 0792.929.369
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LDX
BE 0717.600.060
Kortenaken · Eq €80,450
N.P. CONSTRUCT
BE 0560.810.052
Jette · Eq €80,425
TerrAni
BE 0719.376.645
Puurs-Sint-Amands · Eq €80,467
BAR FLOR
BE 0771.943.519
Rotselaar · Eq €80,420
Of 15,521 companies in sector 43990 we hold annual accounts for 7,414. 6,228 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
Founded28-11-2018
Fiscal year end31-12
Activities, NACEBEL 2025
43222Installation of electric heating, air conditioning, cooling and ventilation
43990Other specialised construction activities
Scores and ratios are computed by Checked and are not a credit decision.