ISA2NEW
ActiveSummary
The computed 12-month bankruptcy probability of ISA2NEW is 2.1% (moderate). The 2025 annual accounts show negative equity (€-155k) and a net result of €-97k. Equity is shrinking by ~33.3% per year across the filed fiscal years. Its solvency ranks better than 6% of 1208 sector peers (fiscal year 2025). The company has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability29▼-6
Solvency9▼-11
Growth32=
Track record100
Bankruptcy probability, 12 months
2.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.09 against 0.03 in 2024; short-term debt: 83.9% and cash: 1% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 81
Relative position
BE, all sectors
reference
Services to buildings and landscape activities (NACE 81)
about 79% 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 2025Solvency, return and age of the figures
Solvency
-16%
Return on assets
-10%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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 €-155k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-08-2026, 24 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 · 10 filingsDeviation from the deadline
2025
24 d late
2024
22 d late
2023
34 d early
2022
46 d early
2021
2 d late
2020
31 d late
2019
104 d late
← 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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€-155k▼ 167%
2024 · €-58k
2018: €4khighest in 8 years
2019: €114▼ -97.2% vs 2018
2020: €-14k▼ -12653% vs 2019
2021: €-32k▼ -126% vs 2020
2022: €-37k▼ -15.5% vs 2021
2023: €-48k▼ -27.9% vs 2022
2024: €-58k▼ -21.9% vs 2023
2025: €-155k▼ -167% vs 2024lowest in 8 years
2018 → 2025
Total assets
€968k▼ 13.8%
2024 · €1.12M
2018: €61klowest in 8 years
2019: €1.18M▲ +1850% vs 2018highest in 8 years
2020: €1.18M▼ -0.1% vs 2019
2021: €1.17M▼ -0.5% vs 2020
2022: €1.18M▲ +0.3% vs 2021
2023: €1.17M▼ -0.3% vs 2022
2024: €1.12M▼ -4.2% vs 2023
2025: €968k▼ -13.8% vs 2024
2018 → 2025
Net result
€-97k▼ 828%
2024 · €-10k
2018: €-802highest in 8 years
2019: €-4k▼ -399% vs 2018
2020: €-14k▼ -261% vs 2019
2021: €-18k▼ -24.8% vs 2020
2022: €-5k▲ +72.2% vs 2021
2023: €-10k▼ -108% vs 2022
2024: €-10k▼ -0.4% vs 2023
2025: €-97k▼ -828% vs 2024lowest in 8 years
2018 → 2025
Working capital
€-741k▲ 9.6%
2024 · €-820k
2018: €104highest in 8 years
2019: €-642k▼ -617352% vs 2018
2020: €-660k▼ -2.8% vs 2019
2021: €-706k▼ -6.9% vs 2020
2022: €-739k▼ -4.7% vs 2021
2023: €-779k▼ -5.4% vs 2022
2024: €-820k▼ -5.3% vs 2023lowest in 8 years
2025: €-741k▲ +9.6% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-32k-€-37k▼ 15.5%€-48k▼ 27.9%€-58k▼ 21.9%€-155k▼ 167%
2021: €-32khighest in 5 years
2022: €-37k▼ -15.5% vs 2021
2023: €-48k▼ -27.9% vs 2022
2024: €-58k▼ -21.9% vs 2023
2025: €-155k▼ -167% vs 2024lowest in 5 years
Operating result€-3k-€8k€2k▼ 77.8%€1k▼ 34.3%€-85k
2021: €-3k
2022: €8k▲ +378% vs 2021highest in 5 years
2023: €2k▼ -77.8% vs 2022
2024: €1k▼ -34.3% vs 2023
2025: €-85k▼ -7094% vs 2024lowest in 5 years
Net result€-18k-€-5k▲ 72.2%€-10k▼ 108%€-10k▼ 0.4%€-97k▼ 828%
2021: €-18k
2022: €-5k▲ +72.2% vs 2021highest in 5 years
2023: €-10k▼ -108% vs 2022
2024: €-10k▼ -0.4% vs 2023
2025: €-97k▼ -828% vs 2024lowest in 5 years
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 turns negative in 2025: a loss of €85k after €1k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €968k
Fixed assets
€898k ▼ 18.4%
Current assets
€71k ▲ 203%
Key figures and ratios
EBITDA
€44k
Cash flow
€32k
Solvency
-16.0%▼
2024 · -5.2%
Current ratio
0.09▲
2024 · 0.03
Debt to equity
-7.21▲
2024 · -20.30
ROA
-10.0%▼
2024 · -0.9%
Interest coverage
2.68
Debt
€1.12M▼
2024 · €1.18M
Debt ≤ 1 year
€812k▼
2024 · €843k
Debt > 1 year
€307k▼
2024 · €338k
Income taxes
€-1k
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 · 2025 against 2024 · 54 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.12M€968k▼
Fixed assets21/28€1.10M€898k▼
Intangible fixed assets21-€797k
Tangible fixed assets22/27-€99k
Land and buildings22-€85k
Plant, machinery and equipment23-€366
Furniture and vehicles24-€8k
Assets under construction and advance payments27-€6k
Financial fixed assets28€1.10M€2k▼
Current assets29/58€23k€71k▲
Amounts receivable within one year40/41€18k€56k▲
Trade receivables40-€2k
Other amounts receivable41€18k€54k▲
Cash at bank and in hand54/58€5k€9k▲
Deferred charges and accrued income490/1-€5k
Equity and liabilities
Total equity and liabilities10/49€1.12M€968k▼
Equity10/15€-58k€-155k▼
Contributions10/11€6k€6k=
Outside capital11€6k€6k=
Share premium1100/10€6k€6k=
Reserves13€2k€2k=
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€-66k€-163k▼
Provisions and deferred taxes16-€5k
Provisions for liabilities and charges160/5-€5k
Major repairs and maintenance162-€5k
Amounts payable17/49€1.18M€1.12M▼
Amounts payable after more than one year17€338k€307k▼
Financial debts170/4€338k€307k▼
Amounts payable within one year42/48€843k€812k▼
Current portion of amounts payable after more than one year42€33k€34k▲
Financial debts43-€337
Credit institutions430/8-€337
Trade debts44€2k€2k▼
Suppliers440/4€2k€2k▼
Taxes, remuneration and social security45-€3k
Taxes450/3-€3k
Other amounts payable47/48€807k€772k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€129k
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-26k-
Other operating charges640/8€29k€7k▼
Gross operating margin9900€4k€51k▲
Operating profit (loss)9901€1k€-85k▼
Financial income75/76B-€3k
Recurring financial income75-€3k
Non-recurring financial income76B-€3k
Financial charges65/66B€12k€16k▲
Recurring financial charges65€12k€16k▲
Profit (loss) for the period before taxes9903€-10k€-98k▼
Income taxes67/77-€-1k
Profit (loss) for the period9904€-10k€-97k▼
Profit (loss) for the period to be appropriated9905€-10k€-97k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-66k€-163k▼
Profit (loss) brought forward from the previous period14P€-56k€-66k▼
The notes to these accounts (15 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €802 | €802 | €802 | - | €129k | - |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €-26k | - | - |
| Other operating charges640/8 | €868 | €868 | €960 | €29k | €7k | ▼ 75.9% |
| Gross operating margin9900 | €-1k | €10k | €4k | €4k | €51k | ▲ 1,095% |
| Operating profit (loss)9901 | €-3k | €8k | €2k | €1k | €-85k | ▼ 7,094% |
| Financial income75/76B | - | - | - | - | €3k | - |
| Recurring financial income75 | - | - | - | - | €3k | - |
| Non-recurring financial income76B | - | - | - | - | €3k | - |
| Financial charges65/66B | €15k | €13k | €12k | €12k | €16k | ▲ 40.5% |
| Recurring financial charges65 | €15k | €13k | €12k | €12k | €16k | ▲ 40.5% |
| Profit (loss) for the period before taxes9903 | €-18k | €-5k | €-10k | €-10k | €-98k | ▼ 839% |
| Income taxes67/77 | - | - | - | - | €-1k | - |
| Profit (loss) for the period9904 | €-18k | €-5k | €-10k | €-10k | €-97k | ▼ 828% |
| Profit (loss) for the period to be appropriated9905 | €-18k | €-5k | €-10k | €-10k | €-97k | ▼ 828% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.17M | €1.18M | €1.17M | €1.12M | €968k | ▼ 13.8% |
| Fixed assets21/28 | €1.10M | €1.10M | €1.10M | €1.10M | €898k | ▼ 18.4% |
| Intangible fixed assets21 | - | - | - | - | €797k | - |
| Tangible fixed assets22/27 | €2k | €802 | - | - | €99k | - |
| Land and buildings22 | - | - | - | - | €85k | - |
| Plant, machinery and equipment23 | €2k | €802 | - | - | €366 | - |
| Furniture and vehicles24 | - | - | - | - | €8k | - |
| Assets under construction and advance payments27 | - | - | - | - | €6k | - |
| Financial fixed assets28 | €1.10M | €1.10M | €1.10M | €1.10M | €2k | ▼ 99.8% |
| Current assets29/58 | €71k | €76k | €73k | €23k | €71k | ▲ 203% |
| Amounts receivable within one year40/41 | €68k | €68k | €69k | €18k | €56k | ▲ 213% |
| Trade receivables40 | €51k | €51k | €51k | - | €2k | - |
| Other amounts receivable41 | €17k | €17k | €18k | €18k | €54k | ▲ 204% |
| Cash at bank and in hand54/58 | €4k | €8k | €4k | €5k | €9k | ▲ 71.3% |
| Deferred charges and accrued income490/1 | - | - | - | - | €5k | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.17M | €1.18M | €1.17M | €1.12M | €968k | ▼ 13.8% |
| Equity10/15 | €-32k | €-37k | €-48k | €-58k | €-155k | ▼ 167% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Outside capital11 | €6k | €6k | €6k | €6k | €6k | = |
| Share premium1100/10 | - | €6k | €6k | €6k | €6k | = |
| Other1109/19 | €6k | - | - | - | - | - |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | €2k | €2k | - | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | - | - | - | - |
| Distributable reserves133 | - | - | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €-40k | €-45k | €-56k | €-66k | €-163k | ▼ 146% |
| Provisions and deferred taxes16 | - | - | - | - | €5k | - |
| Provisions for liabilities and charges160/5 | - | - | - | - | €5k | - |
| Major repairs and maintenance162 | - | - | - | - | €5k | - |
| Amounts payable17/49 | €1.21M | €1.21M | €1.22M | €1.18M | €1.12M | ▼ 5.3% |
| Amounts payable after more than one year17 | €428k | €399k | €369k | €338k | €307k | ▼ 9.4% |
| Financial debts170/4 | €428k | €399k | €369k | €338k | €307k | ▼ 9.4% |
| Amounts payable within one year42/48 | €777k | €815k | €851k | €843k | €812k | ▼ 3.7% |
| Current portion of amounts payable after more than one year42 | €31k | €32k | €32k | €33k | €34k | ▲ 2.9% |
| Financial debts43 | - | - | - | - | €337 | - |
| Credit institutions430/8 | - | - | - | - | €337 | - |
| Trade debts44 | €2k | €1k | €1k | €2k | €2k | ▼ 14.3% |
| Suppliers440/4 | €2k | €1k | €1k | €2k | €2k | ▼ 14.3% |
| Taxes, remuneration and social security45 | - | - | - | - | €3k | - |
| Taxes450/3 | - | - | - | - | €3k | - |
| Other amounts payable47/48 | €744k | €782k | €818k | €807k | €772k | ▼ 4.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-18k | €-5k | €-10k | €-10k | €-97k | ▼ 828% |
| + Depreciation and write-downs630 | €802 | €802 | €802 | - | €129k | - |
| Operating cash flow (approximation) | €-17k | €-4k | €-10k | €-10k | €32k | ▲ 403% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €74k | - |
| Change in cash | - | €4k | €-4k | €1k | €4k | ▲ 171% |
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
24-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 24 days late
2025
31-12
Financial
Weakest financial yearnet €-97k
Net result drops to €-97k, the lowest in the series.
22-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 22 days late
2024
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
15-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
02-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 2 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
12-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 104 days late
2019
12-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 12 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
26-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 57 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Brussel
Ground area
481 m²
Building footprint
173 m²
Volume, LiDAR
2,024 m³
Parcel 21808H0456/00G000, Brussels · tallest building 16.6 m, ±4 floors. Linked by address, not a title deed.
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21808H0456/00G000 | Brussels | 481 m² | 1 · 173 m² | 16.6 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.
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Of 1,281 companies in sector 81100 we hold annual accounts for 678. 5 are within a factor 10 of this equity. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded25-10-2011
Fiscal year end31-12
Activities, NACEBEL 2025
81100Combined facilities support activities
Scores and ratios are computed by Checked and are not a credit decision.