Turnover
≈ €210,000 estimated
The micro format states no turnover.
ISAAN
Lifetime
13 annual accounts with figures on one time axispeak €23,170 (2016)
€20,298▲ 18.1%
lowest -€6,077 (2022)
€137▲ €2,321
peak €13,217 (2019)
€3,914▲ 3.6%
€6,623▼ 39.7%
peak 0.5 FTE (2018)
-not published
Board3 names since 2012
1 directorCHAIYASAN Parinya
Documentsfilings and deeds
30-07-20261 day before the deadline
2025micro format
Gross margin from €17,193 to €20,298Back to profit: €137Debts from €10,981 to €6,623Cash from €6,741 to €3,637
Key points
from the 2025 annual accountsFilings
13 annual accounts since 2013
Seven of the last ten came late. The 2019 accounts came latest: 59 days after the end of the period.
Checked score
81
Excellent
Financially stronger than 49% of micro companies in food and beverage service (NACE 56)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.8% across 23,791 companies (NACE 56, micro).
About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.7%
01-2025: 0.7%● unchanged vs 12-2024
02-2025: 0.7%● unchanged vs 01-2025
03-2025: 0.7%● unchanged vs 02-2025
04-2025: 0.7%● unchanged vs 03-2025
05-2025: 0.7%● unchanged vs 04-2025
06-2025: 0.7%● unchanged vs 05-2025
07-2025: 0.7%● unchanged vs 06-2025
08-2025: 1.0%▲ +0.3 percentage points vs 07-2025
09-2025: 1.2%▲ +0.2 percentage points vs 08-2025highest value
10-2025: 1.2%● unchanged vs 09-2025highest value
11-2025: 1.2%● unchanged vs 10-2025highest value
12-2025: 1.2%● unchanged vs 11-2025highest value
01-2026: 1.2%● unchanged vs 12-2025
02-2026: 1.2%● unchanged vs 01-2026
03-2026: 1.1%▼ -0.1 percentage points vs 02-2026
04-2026: 1.1%● unchanged vs 03-2026
05-2026: 1.1%● unchanged vs 04-2026
06-2026: 1.1%● unchanged vs 05-2026
07-2026: 1.1%● unchanged vs 06-2026
08-2026: 0.6%▼ -0.5 percentage points vs 07-2026lowest value
09-2026: 0.6%● unchanged vs 08-2026lowest value
10-2026: 0.6%● unchanged vs 09-2026lowest value
11-2026: 0.6%● unchanged vs 10-2026lowest value
Financial strengthAverage
Score breakdown
raises risk
Sector: Food and beverage service activities (NACE 56)
1 of the last 3 accounts late
lowers risk
Founded in 2012
Liquidity: current ratio 0.96, cash €3,637
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 56, micro). It does better than 57% of them on solvency, 64% on liquidity, 27% on profitability and 48% on growth.
The bankruptcy probability was computed on 10-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 10,904 companies had the same profile as ISAAN has now. Each dot stands for 28 companies, two years later.
95.1%
were still trading
4.0%
stopped another way
0.7%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of ISAAN itself: 0.6% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 10,904 companies, not a prediction for ISAAN. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 30-07-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 day early
2024
28 days late
2023
51 days late
2022
32 days late
2021
1 day early
2020
on the day
2019
59 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 24 days after the deadline. In the sector (NACE 56), the median for financial year 2024 was 7 days after the deadline, and 53% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 28 August (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Company renamed from HVH VAN HOOGSTRATEN to ISAAN
Appointment: CHAIYASAN Parinya (director) · “Het uitbaten van een Thaise karaoke bar; Het uitbaten en inrichten van één of meerdere hotels, motels…” (deed in Dutch) · General meeting of 20-03-2024 · Gazette deed
Resignation: van Hoogstraten Herman (director)
Appointment: Chalyasan Parinya (director) · Director discharge: van Hoogstraten Herman · General meeting of 03-04-2023 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0501841871
First establishment
ISAAN THAI KARAOKE LOUNGE CAFE, Breydelstraat 26, Antwerp
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| ISAAN Antwerp | €10,537 | €20,298 | 37.1% | - |
| A.M.A. Kortrijk | €12,230 | €21,079 | 42.9% | - |
| DAVIT Mechelen | €9,672 | €21,964 | -41.5% | - |
| La dame de Pique Anderlecht | €8,770 | €16,687 | 23.6% | - |
| LE MERCIER Jette | €9,273 | €26,380 | -2045.8% | - |
| BASHA AND CO Dilbeek | €13,000 | €26,853 | -73.3% | - |
| TRANSPORTS DEBOOSERE Mouscron | €13,435 | €14,824 | -337.4% | - |
These companies have the same main activity as ISAAN: cafés and bars (NACE 56301). They are comparable in size and age: total assets between €8,770 and €13,400, founded between 2011 and 2015.
Official details
Source: KBO- Status
- Active since 06-12-2012Normal situation
- Activity
- Cafés and barsNACE 56301
- Joint committee
- 302Hotels and catering · annual accounts 2025
- Establishment unit
- 2.214.948.7752018 Antwerp, since 01-02-2013
- Financial year end
- 31 December
- Peppol
- Reachable since 20-11-2020
Annual accounts 2025
- €10,537▼ 28.6%
- Employeeson 31-12-2025
- 1=
- Filing
- Filed on 30-07-2026, 1 day before the end of the filing period
Insights on ISAAN
ISAAN files the micro format. That format states no turnover. The gross margin rose from €17,590 in 2013 to €20,298 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about ISAAN
- What is the company number of ISAAN?
- The company number of ISAAN is 0501.841.871. The VAT number is the same number with BE in front: BE 0501.841.871.
- Where is ISAAN based?
- The registered office is at Breydelstraat 26, 2018 Antwerp.Company details
- What does ISAAN do?
- According to the KBO register, the main activity is cafés and bars (NACE 56301).
- What is the legal form of ISAAN?
- ISAAN is a private limited company (BV).
- When was ISAAN founded?
- ISAAN was founded on 06-12-2012.
- Is ISAAN still active?
- Yes, ISAAN is an active enterprise in the KBO register.
- How many employees does ISAAN have?
- ISAAN had an average of 1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does ISAAN fall under?
- In its 2025 annual accounts, ISAAN states joint committee 302 (Hotels and catering).
- What is the turnover of ISAAN?
- The turnover in financial year 2025 is ≈ €210,000. This figure is estimated from the gross margin of €20,298 and 100 comparable companies (NACE 56301). It probably lies between €100,000 and €460,000. It is a rough estimate.
- Is ISAAN profitable?
- In financial year 2025, ISAAN made a profit of €137.
- Where can I find the annual accounts of ISAAN?
- ISAAN filed 13 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of ISAAN due?
- ISAAN must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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