ISA Projects
ActiveSummary
ISA Projects has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€506,968) and a net result of -€358,500. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 10% of 2309 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability9▲+3
Solvency14▼-6
Growth32=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.61 against 0.64 in 2024; short-term debt: 29.9% and cash: 3.4% of total assets), and equity is negative.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Office administrative, office support and other business support activities (NACE 82)
about 37% fewer 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 2025Solvency, return and age of the figures
Solvency
-11.3%
Return on assets
-8%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€506,968
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 23-07-2026, 8 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
8 d early
2024
1 d early
2023
26 d late
2022
3 d early
2021
4 d late
2020
27 d late
2019
88 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 19 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% of the sector filed late.
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. Usually files around 30 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
-€506,968▼ 241%
2024 · -€148,468
Total assets
€4.5m▲ 49.2%
2024 · €3.0m
Net result
-€358,500▼ 19.1%
2024 · -€300,986
Working capital
-€524,506▼ 99.1%
2024 · -€263,391
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 82, Office administrative, office support and other business support activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€31,875€55,732▲ 74.8%-€51,362-€184,812▼ 260%-€258,267▼ 39.7%
Net result-€18,188below the sector's middle half▲ 93.4%€15,287within the sector's middle half-€135,969below the sector's middle half-€300,986below the sector's middle half▼ 121%-€358,500below the sector's middle half▼ 19.1%
Equity-€426,758below the sector's middle half▼ 4.5%€288,488above the sector's middle half€152,518within the sector's middle half▼ 47.1%-€148,468below the sector's middle half-€506,968below the sector's middle half▼ 241%
Total assets€1.6mabove the sector's middle half▲ 136%€2.1mabove the sector's middle half▲ 35.6%€2.9mabove the sector's middle half▲ 39.2%€3.0mabove the sector's middle half▲ 2.3%€4.5mabove the sector's middle half▲ 49.2%
Debt€2.0m▲ 85.7%€1.8m▼ 8.1%€2.8m▲ 52.9%€3.2m▲ 13.2%€5.0m▲ 58.2%
Working capital-€392,659below the sector's middle half▲ 1.2%-€432,522below the sector's middle half▼ 10.2%-€1.3mbelow the sector's middle half▼ 200%-€263,391below the sector's middle half▲ 79.7%-€524,506below the sector's middle half▼ 99.1%
Solvency-27.4%below the sector's middle half▲ 34.5pp13.7%below the sector's middle half▲ 41.1pp5.2%below the sector's middle half▼ 8.5pp-4.9%below the sector's middle half▼ 10.1pp-11.3%below the sector's middle half▼ 6.4pp
Current ratio0.80below the sector's middle half▲ 0.170.75below the sector's middle half▼ 0.040.29below the sector's middle half▼ 0.470.64below the sector's middle half▲ 0.350.61below the sector's middle half▼ 0.03
Return on assets (ROA)-1.2%below the sector's middle half▲ 40.9pp0.7%within the sector's middle half▲ 1.9pp-4.6%below the sector's middle half▼ 5.3pp-10.0%below the sector's middle half▼ 5.4pp-8.0%below the sector's middle half▲ 2.0pp
Staff (FTE)0below the sector's middle half0within the sector's middle half0within the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 82, Office administrative, office support and other business support activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €258,267 in 2025 against €184,812 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.5m
Fixed assets
€3.7m ▲ 44.6%
Current assets
€815,169 ▲ 74.0%
Key figures and ratios
EBITDA
-€137,454▼
2024 · -€98,219
Cash flow
-€237,687▼
2024 · -€214,393
Debt to equity
-9.85▲
2024 · -21.25
Interest coverage
-1.30▼
2024 · -0.80
Debt ≤ 1 year
€1.3m▲
2024 · €731,919
Debt > 1 year
€3.4m▲
2024 · €2.3m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,171 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 95% are still going.
- Small
- 5 to 10 years old
- negative equity
- a small loss
1.7%
went bankrupt
2.6%
stopped otherwise
95%
still going
A further 1.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 1,171 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €898 | €0 | ▼ 100% |
| Remuneration, social security and pensions62 | -€143 | €0 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €51,504 | €86,593 | €120,813 | ▲ 39.5% |
| Other operating charges640/8 | €589 | €78,993 | €2,299 | €968 | €11,650 | ▲ 1,104% |
| Non-recurring operating charges66A | - | - | - | - | €213,753 | - |
| Gross operating margin9900 | €32,320 | €134,725 | €2,441 | -€97,251 | €87,949 | ▲ 190% |
| Operating profit (loss)9901 | €31,875 | €55,732 | -€51,362 | -€184,812 | -€258,267 | ▼ 39.7% |
| Financial income75/76B | €88 | €0 | €4,365 | €6,249 | €5,844 | ▼ 6.5% |
| Recurring financial income75 | €88 | €0 | €4,365 | €6,249 | €5,844 | ▼ 6.5% |
| Financial charges65/66B | €50,152 | €40,444 | €88,972 | €122,423 | €106,077 | ▼ 13.4% |
| Recurring financial charges65 | €50,152 | €40,444 | €88,972 | €122,423 | €106,077 | ▼ 13.4% |
| Profit (loss) for the period before taxes9903 | -€18,188 | €15,287 | -€135,969 | -€300,986 | -€358,500 | ▼ 19.1% |
| Profit (loss) for the period9904 | -€18,188 | €15,287 | -€135,969 | -€300,986 | -€358,500 | ▼ 19.1% |
| Profit (loss) for the period to be appropriated9905 | -€18,188 | €15,287 | -€135,969 | -€300,986 | -€358,500 | ▼ 19.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.6m | €2.1m | €2.9m | €3.0m | €4.5m | ▲ 49.2% |
| Fixed assets21/28 | - | €781,778 | €2.4m | €2.5m | €3.7m | ▲ 44.6% |
| Tangible fixed assets22/27 | - | - | €1.6m | €1.8m | €2.9m | ▲ 64.4% |
| Furniture and vehicles24 | - | - | €1.6m | €1.6m | €2.9m | ▲ 82.0% |
| Other tangible fixed assets26 | - | - | - | €169,574 | €0 | ▼ 100% |
| Financial fixed assets28 | - | €781,778 | €781,778 | €781,778 | €781,778 | = |
| Current assets29/58 | €1.6m | €1.3m | €523,573 | €468,528 | €815,169 | ▲ 74.0% |
| Stocks and contracts in progress3 | €1.4m | €897,142 | €0 | - | - | - |
| Stocks30/36 | €1.4m | €897,142 | €0 | - | - | - |
| Amounts receivable within one year40/41 | €74,234 | €431,680 | €497,695 | €453,446 | €658,960 | ▲ 45.3% |
| Trade receivables40 | €74,234 | €430,351 | €60,219 | €106,310 | €348,048 | ▲ 227% |
| Other amounts receivable41 | €0 | €1,329 | €437,476 | €347,137 | €310,912 | ▼ 10.4% |
| Cash at bank and in hand54/58 | €43,925 | €854 | €21,815 | €11,292 | €153,639 | ▲ 1,261% |
| Deferred charges and accrued income490/1 | - | - | €4,063 | €3,790 | €2,570 | ▼ 32.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.6m | €2.1m | €2.9m | €3.0m | €4.5m | ▲ 49.2% |
| Equity10/15 | -€426,758 | €288,488 | €152,518 | -€148,468 | -€506,968 | ▼ 241% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Revaluation surpluses12 | - | €699,958 | €699,958 | €699,958 | €699,958 | = |
| Profit (loss) carried forward14 | -€445,358 | -€430,071 | -€566,040 | -€867,026 | -€1.2m | ▼ 41.3% |
| Amounts payable17/49 | €2.0m | €1.8m | €2.8m | €3.2m | €5.0m | ▲ 58.2% |
| Amounts payable after more than one year17 | - | - | €866,985 | €2.3m | €3.4m | ▲ 51.7% |
| Financial debts170/4 | - | - | €866,985 | €2.3m | €3.4m | ▲ 51.7% |
| Amounts payable within one year42/48 | €1.9m | €1.8m | €1.8m | €731,919 | €1.3m | ▲ 83.0% |
| Current portion of amounts payable after more than one year42 | €913,464 | €568,000 | €63,900 | €100,152 | €33,680 | ▼ 66.4% |
| Financial debts43 | - | €2,930 | €46 | €0 | - | - |
| Credit institutions430/8 | - | €2,930 | €46 | €0 | - | - |
| Trade debts44 | €43,116 | €2,867 | €51,589 | €64,385 | €77,271 | ▲ 20.0% |
| Suppliers440/4 | €43,116 | €2,867 | €51,589 | €64,385 | €77,271 | ▲ 20.0% |
| Advances received on contracts in progress46 | - | - | - | - | €155,000 | - |
| Taxes, remuneration and social security45 | €19,528 | €35,905 | €25,041 | €41,492 | €39,852 | ▼ 4.0% |
| Taxes450/3 | €17,220 | €34,642 | €25,041 | €41,492 | €39,852 | ▼ 4.0% |
| Remuneration and social security454/9 | €2,308 | €1,263 | €0 | - | - | - |
| Other amounts payable47/48 | €973,697 | €1.2m | €1.7m | €525,890 | €1.0m | ▲ 96.6% |
| Accrued charges and deferred income492/3 | €34,099 | €60,769 | €98,613 | €153,697 | €209,865 | ▲ 36.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€18,188 | €15,287 | -€135,969 | -€300,986 | -€358,500 | ▼ 19.1% |
| + Depreciation and write-downs630 | - | - | €51,504 | €86,593 | €120,813 | ▲ 39.5% |
| Operating cash flow (approximation) | -€18,188 | €15,287 | -€84,466 | -€214,393 | -€237,687 | ▼ 10.9% |
| Investment in fixed assets (approximation) | - | - | -€1.7m | -€209,328 | -€1.3m | ▼ 498% |
| Change in cash | - | -€43,071 | €20,961 | -€10,523 | €142,347 | ▲ 1,453% |
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
23-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet -€358,500
Net result drops to -€358,500, the lowest in the series.
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
26-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 26 days late
2023
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €15,287
Net result €15,287 after 4 loss-making years.
31-12
Financial
Equity above €200,000Eq €288,488
Equity rises from -€426,758 to €288,488.
04-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 4 days late
2021
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
2020
27-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 88 days late
2019
19-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 19 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Leuven · 1 establishment unit since 2017
Ground area
2.2 ha
Building footprint
388 m²
Volume, LiDAR
3,253 m³
2 parcels, Flanders · tallest building 15.1 m, ±3 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
Zola BVBA
since 20172.269.922.041
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24514A0067/00B003 | Flanders | 2.2 ha | 1 · 258 m² | 11.4 m · 3 fl. |
| 24505F0621/00E000 | Flanders | 143 m² | 1 · 130 m² | 15.1 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2024 list no shareholders, and no other source names one.
Holdings 1
-
81.82%
According to the 2024 annual accounts of ISA Projects and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 24,517 companies in sector 82990 we hold annual accounts for 9,421. 7,128 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
Founded06-11-2017
Fiscal year end31-12
Activities, NACEBEL 2025
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0683990847
Registered
30-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.