ISAFLOR
ActiveSummary
ISAFLOR has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (€-5k) and a net result of €-14k. Equity is shrinking by ~19.3% per year across the filed fiscal years. Its solvency ranks better than 19% of 3941 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability67▲+4
Solvency24▼-2
Growth32=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.64 against 0.49 in 2023; short-term debt: 51.4% and cash: 2.8% of total assets), and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 01
Relative position
BE, all sectors
reference
Crop and animal production, hunting and related service activities (NACE 01)
about 70% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · 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 2024Solvency, return and age of the figures
Solvency
-0.6%
Return on assets
-1.7%
Age of the figures
21 mo
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €-5k
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 05-02-2026, 189 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
189 d late
2023
174 d late
2022
300 d late
2021
267 d late
2020
353 d late
2019
13 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
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 accept this company as a client under the anti-money-laundering law?AML client file What other support did companies like this one receive, and it did not?Subsidy mirror How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Financials · fiscal year 2024, micro schema
In the rankings
#5 oldest company in Nazareth-De Pinte, Agriculture, forestry and fishing sector#8 company by total assets in Nazareth-De Pinte, Agriculture, forestry and fishing sector
Equity
€-5k
2023 · €9k
Total assets
€858k▲ 1.0%
2023 · €850k
Net result
€-14k▲ 61.4%
2023 · €-37k
Working capital
€-157k▲ 31.5%
2023 · €-230k
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
Operating result€16k€5k▼ 70.2%€-34k€-31k▲ 7.7%€-9k▲ 71.7%
Net result€10k€2k▼ 83.6%€-40k€-37k▲ 7.2%€-14k▲ 61.4%
Equity€85k▲ 13.5%€86k▲ 2.0%€46k▼ 46.4%€9k▼ 80.4%€-5k
Total assets€615k▲ 4.4%€675k▲ 9.7%€913k▲ 35.4%€850k▼ 6.9%€858k▲ 1.0%
Debt€529k▲ 3.1%€587k▲ 10.9%€867k▲ 47.6%€841k▼ 3.0%€864k▲ 2.7%
Working capital€2k€62k▲ 3,180%€-219k€-230k▼ 4.7%€-157k▲ 31.5%
Staff (FTE)1▼ 16.7%1=1=1.7▲ 70.0%1.7=
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €9k in 2024 against €31k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €858k
Fixed assets
€574k ▼ 8.5%
Current assets
€284k ▲ 27.7%
Key figures and ratios
EBITDA
€54k▲
2023 · €48k
Cash flow
€49k▲
2023 · €42k
Solvency
-0.6%▼
2023 · 1.1%
Current ratio
0.64▲
2023 · 0.49
Quick ratio
0.32▲
2023 · 0.18
ROA
-1.7%▲
2023 · -4.4%
Interest coverage
9.86▲
2023 · 8.41
Debt ≤ 1 year
€441k▼
2023 · €452k
Debt > 1 year
€366k▼
2023 · €382k
Staff costs
€69k▲
2023 · €27k
A ratio outside any meaningful range has been withheld (balance sheet total €858k, equity €-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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €20k | €19k | €10k | €8k | ▼ 22.5% |
| Remuneration, social security and pensions62 | €20k | €39k | €35k | €27k | €69k | ▲ 159% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €28k | €54k | €80k | €63k | ▼ 20.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €705 | - | - | - |
| Other operating charges640/8 | €3k | €7k | €5k | €3k | €4k | ▲ 21.9% |
| Non-recurring operating charges66A | - | €47k | €13k | €19k | €2k | ▼ 90.4% |
| Gross operating margin9900 | €38k | €126k | €74k | €98k | €130k | ▲ 32.5% |
| Operating profit (loss)9901 | €16k | €5k | €-34k | €-31k | €-9k | ▲ 71.7% |
| Financial income75/76B | - | €1 | €30 | €2 | €28 | ▲ 1,131% |
| Recurring financial income75 | - | €1 | €30 | €2 | €28 | ▲ 1,131% |
| Financial charges65/66B | €6k | €3k | €6k | €6k | €5k | ▼ 4.0% |
| Recurring financial charges65 | €6k | €3k | €6k | €6k | €5k | ▼ 4.0% |
| Non-recurring financial charges66B | €40 | - | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €10k | €2k | €-40k | €-37k | €-14k | ▲ 61.4% |
| Profit (loss) for the period9904 | €10k | €2k | €-40k | €-37k | €-14k | ▲ 61.4% |
| Profit (loss) for the period to be appropriated9905 | €10k | €2k | €-40k | €-37k | €-14k | ▲ 61.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €615k | €675k | €913k | €850k | €858k | ▲ 1.0% |
| Formation expenses20 | - | - | - | - | €0 | - |
| Fixed assets21/28 | €343k | €413k | €677k | €627k | €574k | ▼ 8.5% |
| Tangible fixed assets22/27 | €343k | €413k | €677k | €626k | €573k | ▼ 8.5% |
| Land and buildings22 | €73k | €50k | €307k | €282k | €268k | ▼ 4.7% |
| Plant, machinery and equipment23 | €29k | €124k | €137k | €113k | €76k | ▼ 32.8% |
| Furniture and vehicles24 | €14k | €12k | €6k | €4k | €1k | ▼ 63.8% |
| Leasing and similar rights25 | - | - | - | - | €0 | - |
| Other tangible fixed assets26 | €228k | €228k | €228k | €228k | €228k | = |
| Financial fixed assets28 | - | - | - | €950 | €950 | = |
| Current assets29/58 | €272k | €261k | €236k | €223k | €284k | ▲ 27.7% |
| Stocks and contracts in progress3 | €141k | €141k | €141k | €141k | €141k | = |
| Stocks30/36 | €141k | €141k | €141k | €141k | €141k | = |
| Amounts receivable within one year40/41 | €86k | €70k | €54k | €66k | €56k | ▼ 14.3% |
| Trade receivables40 | €45k | €27k | €20k | €30k | €36k | ▲ 20.3% |
| Other amounts receivable41 | €41k | €43k | €35k | €35k | €20k | ▼ 44.0% |
| Cash at bank and in hand54/58 | €45k | €47k | €37k | €14k | €24k | ▲ 74.8% |
| Deferred charges and accrued income490/1 | - | €3k | €3k | €2k | €62k | ▲ 3,242% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €615k | €675k | €913k | €850k | €858k | ▲ 1.0% |
| Equity10/15 | €85k | €86k | €46k | €9k | €-5k | ▼ 158% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Capital10 | €19k | €19k | €19k | - | - | - |
| Issued capital100 | €19k | €19k | €19k | - | - | - |
| Outside capital11 | - | - | - | €19k | €19k | = |
| Other1109/19 | - | - | - | €19k | €19k | = |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Legal reserve130 | €2k | €2k | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €64k | €66k | €26k | €-11k | €-26k | ▼ 126% |
| Provisions and deferred taxes16 | €1k | €1k | - | - | - | - |
| Provisions for liabilities and charges160/5 | €1k | €1k | - | - | - | - |
| Environmental obligations163 | €1k | €1k | - | - | - | - |
| Amounts payable17/49 | €529k | €587k | €867k | €841k | €864k | ▲ 2.7% |
| Amounts payable after more than one year17 | €259k | €387k | €412k | €382k | €366k | ▼ 4.4% |
| Financial debts170/4 | €9k | €387k | €412k | €382k | €366k | ▼ 4.4% |
| Other amounts payable178/9 | €250k | - | - | - | - | - |
| Amounts payable within one year42/48 | €270k | €200k | €455k | €452k | €441k | ▼ 2.4% |
| Current portion of amounts payable after more than one year42 | - | €15k | €4k | €17k | €17k | = |
| Financial debts43 | €225k | - | - | - | - | - |
| Credit institutions430/8 | €225k | - | - | - | - | - |
| Trade debts44 | €21k | €38k | €20k | €45k | €18k | ▼ 59.8% |
| Suppliers440/4 | €21k | €38k | €20k | €45k | €18k | ▼ 59.8% |
| Taxes, remuneration and social security45 | €24k | €381 | €377 | €782 | €3k | ▲ 272% |
| Taxes450/3 | €24k | €381 | €377 | €782 | €724 | ▼ 7.4% |
| Remuneration and social security454/9 | - | - | - | - | €2k | - |
| Other amounts payable47/48 | - | €146k | €431k | €390k | €404k | ▲ 3.5% |
| Accrued charges and deferred income492/3 | - | - | - | €6k | €57k | ▲ 826% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €10k | €2k | €-40k | €-37k | €-14k | ▲ 61.4% |
| + Depreciation and write-downs630 | - | €28k | €54k | €80k | €63k | ▼ 20.8% |
| Operating cash flow (approximation) | €10k | €30k | €14k | €42k | €49k | ▲ 14.9% |
| Investment in fixed assets (approximation) | - | €-98k | €-318k | €-30k | €-10k | ▲ 66.2% |
| Change in cash | - | €2k | €-10k | €-23k | €10k | ▲ 145% |
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
2026
05-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 189 days late
2025
21-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 174 days late
2024
26-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 300 days late
2023
24-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 267 days late
2022
31-12
Financial
Weakest financial yearnet €-40k
Net result drops to €-40k, the lowest in the series; recovery starts the following year.
19-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 353 days late
2020
31-12
Financial
Back to profitnet €10k
Net result €10k after one loss-making year.
13-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 13 days late
2019
12-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 12 days late
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 28 days late
2017
23-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 23 days late
2016
08-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 8 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Nazareth-De Pinte · 1 establishment unit since 1994
Ground area
3,032 m²
Building footprint
243 m²
Volume, LiDAR
1,486 m³
Parcel 44048H0001/00Z009, Flanders · tallest building 10.9 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
ISAFLOR BVBA
since 19942.066.340.916
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44048H0001/00Z009 | Flanders | 3,032 m² | 1 · 243 m² | 10.9 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.
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 14,494 EUR awarded · 14,494 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 14,494 EUR | 14,494 EUR |
Recognitions · licences · registrations
Food safety, FASFC
1 siteNazareth-De Pinte2.066.340.916
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Of 872 companies in sector 01191 we hold annual accounts for 307. 63 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
Founded15-03-1994
Fiscal year end31-12
Activities, NACEBEL 2025
01191Growing of flowers
Scores and ratios are computed by Checked and are not a credit decision.