ISA CONSTRUCT
ActiveSummary
The computed 12-month bankruptcy probability of ISA CONSTRUCT is 4.1% (elevated). The 2025 annual accounts show equity of €43,327 and a net result of €15,151. Equity is growing by ~57.2% per year across the filed fiscal years. Its solvency ranks better than 15% of 27965 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability74▲+23
Solvency37▲+3
Growth78=
Track record94
Bankruptcy probability, 12 months
4.1%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,500 at 30 days only on tighter terms
Liquidity tight (current ratio 1.13 against 1.1 in 2024; short-term debt: 88.1% and cash: 0.5% of total assets), and 88.1% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+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 →
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
11.9%
Return on assets
4.2%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 27965 sector peers (2025).
NBB · sector comparisonPosition among 27965 sector peers
Solvency
better than 15%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 17-09-2026, 48 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 · 3 filingsDeviation from the deadline
2025
48 d late
2024
56 d late
2023
50 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
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Financials · fiscal year 2025, micro schema
Equity
€43,327▲ 53.8%
2024 · €28,177
Total assets
€362,874▲ 14.7%
2024 · €316,347
Net result
€15,151▼ 11.4%
2024 · €17,108
Working capital
€42,964▲ 52.5%
2024 · €28,177
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
Line202320242025
Operating result€10,779-€14,818▲ 37.5%€9,197▼ 37.9%
Net result€8,069-€17,108▲ 112%€15,151▼ 11.4%
Equity€11,069-€28,177▲ 155%€43,327▲ 53.8%
Total assets€298,938-€316,347▲ 5.8%€362,874▲ 14.7%
Debt€287,869-€288,170▲ 0.1%€319,547▲ 10.9%
Working capital€11,069-€28,177▲ 155%€42,964▲ 52.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 38% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €362,874
Fixed assets
€363
Current assets
€362,511
Equity and liabilities €362,874
Equity
€43,327 ▲ 53.8%
Debt
€319,547 ▲ 10.9%
Debt's share of the balance-sheet total falls from 91.1% to 88.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€9,308
Cash flow
€15,262
Current ratio
1.13▲
2024 · 1.10
Debt to equity
7.38▼
2024 · 10.23
ROE
35.0%▼
2024 · 60.7%
ROA
4.2%▼
2024 · 5.4%
Interest coverage
62055.67
Debt ≤ 1 year
€319,547▲
2024 · €288,170
Income taxes
€3,980▼
2024 · €4,381
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,153 | - | €111 | - |
| Other operating charges640/8 | €1,740 | €805 | €1,162 | ▲ 44.3% |
| Gross operating margin9900 | €13,672 | €15,624 | €10,470 | ▼ 33.0% |
| Operating profit (loss)9901 | €10,779 | €14,818 | €9,197 | ▼ 37.9% |
| Financial income75/76B | €0 | €7,640 | €9,934 | ▲ 30.0% |
| Recurring financial income75 | €0 | €7,640 | €9,934 | ▲ 30.0% |
| Financial charges65/66B | €344 | €970 | €0 | ▼ 100.0% |
| Recurring financial charges65 | €344 | €970 | €0 | ▼ 100.0% |
| Profit (loss) for the period before taxes9903 | €10,434 | €21,488 | €19,131 | ▼ 11.0% |
| Income taxes67/77 | €2,365 | €4,381 | €3,980 | ▼ 9.1% |
| Profit (loss) for the period9904 | €8,069 | €17,108 | €15,151 | ▼ 11.4% |
| Profit (loss) for the period to be appropriated9905 | €8,069 | €17,108 | €15,151 | ▼ 11.4% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €298,938 | €316,347 | €362,874 | ▲ 14.7% |
| Fixed assets21/28 | - | - | €363 | - |
| Tangible fixed assets22/27 | - | - | €363 | - |
| Furniture and vehicles24 | - | - | €363 | - |
| Current assets29/58 | €298,938 | €316,347 | €362,511 | ▲ 14.6% |
| Amounts receivable after more than one year29 | €152,800 | €160,440 | €168,874 | ▲ 5.3% |
| Other amounts receivable291 | €152,800 | €160,440 | €168,874 | ▲ 5.3% |
| Amounts receivable within one year40/41 | €145,079 | €153,826 | €191,989 | ▲ 24.8% |
| Trade receivables40 | €12,450 | €16,175 | €31,135 | ▲ 92.5% |
| Other amounts receivable41 | €132,629 | €137,651 | €160,854 | ▲ 16.9% |
| Cash at bank and in hand54/58 | €1,059 | €2,081 | €1,648 | ▼ 20.8% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €298,938 | €316,347 | €362,874 | ▲ 14.7% |
| Equity10/15 | €11,069 | €28,177 | €43,327 | ▲ 53.8% |
| Contributions10/11 | €3,000 | €3,000 | €3,000 | = |
| Profit (loss) carried forward14 | €8,069 | €25,177 | €40,327 | ▲ 60.2% |
| Amounts payable17/49 | €287,869 | €288,170 | €319,547 | ▲ 10.9% |
| Amounts payable within one year42/48 | €287,869 | €288,170 | €319,547 | ▲ 10.9% |
| Trade debts44 | €285,491 | €281,424 | €311,186 | ▲ 10.6% |
| Suppliers440/4 | €285,491 | €281,424 | €311,186 | ▲ 10.6% |
| Taxes, remuneration and social security45 | €2,378 | €6,746 | €8,361 | ▲ 23.9% |
| Taxes450/3 | €2,378 | €6,746 | €8,361 | ▲ 23.9% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €8,069 | €17,108 | €15,151 | ▼ 11.4% |
| + Depreciation and write-downs630 | €1,153 | - | €111 | - |
| Operating cash flow (approximation) | €9,222 | €17,108 | €15,262 | ▼ 10.8% |
| Change in cash | - | €1,022 | -€433 | ▼ 142% |
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
Next filing, fiscal year 2026, expected by
2026
17-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 48 days late
2025
25-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 56 days late
2024
31-12
Financial
Highest result since 2023net €17,108 ▲112%
Operating result €14,818, net result €17,108, both a record.
11-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Sint-Gillis (bij-Brussel) · 1 establishment unit since 2022
Ground area
89 m²
Building footprint
88 m²
Volume, LiDAR
940 m³
Parcel 21013B0312/00E013, Brussels · tallest building 21.7 m, ±4 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
ISA CONSTRUCT
since 20222.334.142.474
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21013B0312/00E013 | Brussels | 89 m² | 1 · 87 m² | 21.7 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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TERRASSEMENT DEBOSSCHERE ARNAUD
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SPS-CONSTRUCT
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Of 8,462 companies in sector 43120 we hold annual accounts for 3,231. 2,424 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
Founded08-08-2022
Fiscal year end31-12
Activities, NACEBEL 2025
43120Site preparation
43350Other building finishing work
49410Freight transport by road
81220Other building cleaning and industrial cleaning
81230Other cleaning activities
Scores and ratios are computed by Checked and are not a credit decision.