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ISAGREY

Active
Private limited companyfounded 20241 yr activeHeldenplein(HN) 6A, 1540 Pajottegem, BelgiumKBO/BCE: BE 1015.073.326
Summary

The computed 12-month bankruptcy probability of ISAGREY is 1.6% (moderate). The 2025 annual accounts show equity of €1,608 and a net result of -€392. Its solvency ranks better than 27% of 18626 sector peers (fiscal year 2025). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes
Profitability63
Solvency32
Growth-
Track record67
Bankruptcy probability, 12 months
1.6% Moderate
0%0.5%1.5%4%10%≥ 25%
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Signals

Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 1 year 0 10 y
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% 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 2025
Solvency, return and age of the figures
Solvency
6.6%
Return on assets
-1.6%
Age of the figures
9 mo
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 29-07-2026, 2 days ahead of the deadline.
NBB · 1 filing
Deviation from the deadline
2025
2 d early
← before the deadline after the deadline →
Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 14 October 2024, ISAGREY was incorporated as a Private limited company.1 The company has filed annual accounts once, for fiscal year 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2025

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Financials · fiscal year 2025, micro schema

Equity
€1,608
Total assets
€24,360
Net result
-€392
Working capital
€2,940

Turnover and EBIT margin not published: the micro schema does not require them.

Balance-sheet composition
Assets €24,360
Fixed assets €11,668
Current assets €12,692
Equity and liabilities €24,360
Equity €1,608
Debt €22,751
Debt finances 93.4% of the balance-sheet total.
Key figures and ratios
2025 value
EBITDA
€4,578
Cash flow
€3,498
Current ratio
1.30
Debt to equity
14.15
ROE
-24.4%
ROA
-1.6%
Interest coverage
5.56
Debt ≤ 1 year
€9,751
Debt > 1 year
€13,000
Income taxes
€258

Peer companies

Historical observation

Of the 280 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 96% are still going.

  • Micro
  • under 2 years old
  • solvency under 10%
  • a small loss
1.1% went bankrupt
3.2% stopped otherwise
96% still going

For this company itself Checked computes a higher bankruptcy probability: 1.6% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.9%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 280 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
Filed annual accounts As filed with the NBB · 2025 · 37 lines
Balance sheet Code2025
Assets
Total assets20/58€24,360
Fixed assets21/28€11,668
Intangible fixed assets21€938
Tangible fixed assets22/27€10,731
Plant, machinery and equipment23€8,813
Furniture and vehicles24€1,918
Current assets29/58€12,692
Amounts receivable within one year40/41€9,772
Trade receivables40€9,772
Cash at bank and in hand54/58€2,029
Deferred charges and accrued income490/1€891
Equity and liabilities
Total equity and liabilities10/49€24,360
Equity10/15€1,608
Contributions10/11€2,000
Profit (loss) carried forward14-€392
Amounts payable17/49€22,751
Amounts payable after more than one year17€13,000
Financial debts170/4€13,000
Amounts payable within one year42/48€9,751
Trade debts44€2,885
Suppliers440/4€2,885
Taxes, remuneration and social security45€2,410
Taxes450/3€2,410
Other amounts payable47/48€4,456
Income statement Code2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3,889
Other operating charges640/8€161
Gross operating margin9900€4,739
Operating profit (loss)9901€689
Financial income75/76B€1
Recurring financial income75€1
Financial charges65/66B€824
Recurring financial charges65€824
Profit (loss) for the period before taxes9903-€134
Income taxes67/77€258
Profit (loss) for the period9904-€392
Profit (loss) for the period to be appropriated9905-€392
Appropriation of the result
Profit (loss) to be appropriated9906-€392

The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3,889
Other operating charges640/8€161
Gross operating margin9900€4,739
Operating profit (loss)9901€689
Financial income75/76B€1
Recurring financial income75€1
Financial charges65/66B€824
Recurring financial charges65€824
Profit (loss) for the period before taxes9903-€134
Income taxes67/77€258
Profit (loss) for the period9904-€392
Profit (loss) for the period to be appropriated9905-€392
Line2025
Assets
Total assets20/58€24,360
Fixed assets21/28€11,668
Intangible fixed assets21€938
Tangible fixed assets22/27€10,731
Plant, machinery and equipment23€8,813
Furniture and vehicles24€1,918
Current assets29/58€12,692
Amounts receivable within one year40/41€9,772
Trade receivables40€9,772
Cash at bank and in hand54/58€2,029
Deferred charges and accrued income490/1€891
Equity and liabilities
Total equity and liabilities10/49€24,360
Equity10/15€1,608
Contributions10/11€2,000
Profit (loss) carried forward14-€392
Amounts payable17/49€22,751
Amounts payable after more than one year17€13,000
Financial debts170/4€13,000
Amounts payable within one year42/48€9,751
Trade debts44€2,885
Suppliers440/4€2,885
Taxes, remuneration and social security45€2,410
Taxes450/3€2,410
Other amounts payable47/48€4,456
Line2025
Profit (loss) for the period9904-€392
+ Depreciation and write-downs630€3,889
Operating cash flow (approximation)€3,498

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2026
29-07
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
NBB filing
0 of 2 acts read
About the unread acts

We know of 2 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
2 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, Pajottegem · 1 establishment unit since 2024
seat establishment The establishment unit on the map
Ground area
222 m²
Building footprint
146 m²
Volume, LiDAR
860 m³
Parcel 23032I0423/00S002, Flanders · tallest building 10.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ISAGREY
Heldenplein(HN) 6A, 1540 PajottegemWholesale trade
since 20242.365.251.958
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
23032I0423/00S002 Flanders 222 m² 1 · 146 m² 10.1 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.

Similar companies · same sector, comparable size

Of 12,955 companies in sector 47120 we hold annual accounts for 2,193. 565 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
Founded14-10-2024
Fiscal year end31-12
Activities, NACEBEL 2025
47120Other non-specialised retail sale
46130Agents in the wholesale of timber and building materials
46180Agents specialised in the wholesale of other particular products
63100Computing infrastructure, data processing, hosting and related activities
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID 0208:1015073326
Also 9925:BE1015073326
Registered 15-12-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 29 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.