ISAL
ActiveSummary
ISAL has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €32,124 and a net result of €315. Equity is growing by ~9.1% per year across the filed fiscal years. Its solvency ranks better than 74% of 18606 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability39▼-6
Solvency87▲+1
Growth52=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,500 at 30 days acceptable
Liquidity ample (current ratio 2.66 against 2.54 in 2024; short-term debt: 37.6% and cash: 5.4% of total assets), and 37.6% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four 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 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
62.4%
Return on assets
0.6%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 30-04-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
30 d early
2023
6 d early
2022
13 d early
2021
32 d early
2020
22 d early
2019
49 d early
← 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 22 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
28-09-2026 today30-09-2026 close30-04-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check 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 Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€32,124▲ 1.0%
2024 · €31,809
Total assets
€51,482▼ 2.0%
2024 · €52,513
Net result
€315
2024 · -€1,563
Working capital
€32,124▲ 1.0%
2024 · €31,809
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, 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€6,031▼ 58.1%€2,350▼ 61.0%€4,609▲ 96.2%-€2,357€1,363
Net result€4,131within the sector's middle half▼ 63.8%€803within the sector's middle half▼ 80.6%€2,572within the sector's middle half▲ 220%-€1,563within the sector's middle half€315within the sector's middle half
Equity€29,998within the sector's middle half▲ 16.0%€30,801within the sector's middle half▲ 2.7%€33,373within the sector's middle half▲ 8.3%€31,809within the sector's middle half▼ 4.7%€32,124within the sector's middle half▲ 1.0%
Total assets€73,653within the sector's middle half▲ 3.1%€73,353within the sector's middle half▼ 0.4%€57,740below the sector's middle half▼ 21.3%€52,513below the sector's middle half▼ 9.1%€51,482below the sector's middle half▼ 2.0%
Debt€43,655▼ 4.2%€42,551▼ 2.5%€24,368▼ 42.7%€20,704▼ 15.0%€19,358▼ 6.5%
Working capital€28,231within the sector's middle half▲ 11.5%€30,427within the sector's middle half▲ 7.8%€32,307within the sector's middle half▲ 6.2%€31,809within the sector's middle half▼ 1.5%€32,124within the sector's middle half▲ 1.0%
Solvency40.7%within the sector's middle half▲ 4.5pp42.0%within the sector's middle half▲ 1.3pp57.8%within the sector's middle half▲ 15.8pp60.6%within the sector's middle half▲ 2.8pp62.4%within the sector's middle half▲ 1.8pp
Current ratio1.94within the sector's middle half▲ 0.061.94within the sector's middle half=2.48within the sector's middle half▲ 0.552.54within the sector's middle half▲ 0.052.66within the sector's middle half▲ 0.12
Return on assets (ROA)5.6%within the sector's middle half▼ 10.4pp1.1%within the sector's middle half▼ 4.5pp4.5%within the sector's middle half▲ 3.4pp-3.0%within the sector's middle half▼ 7.4pp0.6%within the sector's middle half▲ 3.6pp
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €1,363 after a loss of €2,357 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €51,482
Equity
€32,124 ▲ 1.0%
Debt
€19,358 ▼ 6.5%
Debt's share of the balance-sheet total falls from 39.4% to 37.6%. Equity is higher and debt is lower.
Key figures and ratios
Quick ratio
0.17▼
2024 · 0.44
Debt to equity
0.60▼
2024 · 0.65
ROE
1.0%▲
2024 · -4.9%
Debt ≤ 1 year
€19,358▼
2024 · €20,704
Income taxes
€534▲
2024 · €314
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 10,905 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
0.6%
went bankrupt
4.0%
stopped otherwise
95%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 0.8% 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 497,662 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 10,905 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,865 | €5,831 | €5,785 | €3,666 | - | - |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | -€50 | -€87 | -€815 | €733 | ▲ 190% |
| Other operating charges640/8 | - | €1,417 | €1,185 | €1,208 | €916 | ▼ 24.2% |
| Gross operating margin9900 | €12,342 | €9,548 | €11,492 | €1,703 | €3,012 | ▲ 76.9% |
| Operating profit (loss)9901 | €6,031 | €2,350 | €4,609 | -€2,357 | €1,363 | ▲ 158% |
| Financial income75/76B | - | - | €173 | €1,477 | €37 | ▼ 97.5% |
| Recurring financial income75 | - | - | €173 | €1,477 | €37 | ▼ 97.5% |
| Financial charges65/66B | - | €362 | €397 | €369 | €551 | ▲ 49.4% |
| Recurring financial charges65 | €499 | €362 | €397 | €369 | €551 | ▲ 49.4% |
| Profit (loss) for the period before taxes9903 | €5,532 | €1,987 | €4,385 | -€1,249 | €849 | ▲ 168% |
| Income taxes67/77 | €1,401 | €1,184 | €1,813 | €314 | €534 | ▲ 70.0% |
| Profit (loss) for the period9904 | €4,131 | €803 | €2,572 | -€1,563 | €315 | ▲ 120% |
| Profit (loss) for the period to be appropriated9905 | €4,131 | €803 | €2,572 | -€1,563 | €315 | ▲ 120% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €73,653 | €73,353 | €57,740 | €52,513 | €51,482 | ▼ 2.0% |
| Fixed assets21/28 | €15,237 | €10,495 | €3,666 | €0 | - | - |
| Tangible fixed assets22/27 | €15,237 | €10,495 | €3,666 | €0 | - | - |
| Plant, machinery and equipment23 | - | €1,848 | €920 | €0 | - | - |
| Furniture and vehicles24 | - | €7,762 | €2,746 | €0 | - | - |
| Other tangible fixed assets26 | - | €885 | €0 | - | - | - |
| Current assets29/58 | €58,416 | €62,858 | €54,074 | €52,513 | €51,482 | ▼ 2.0% |
| Stocks and contracts in progress3 | €27,579 | €26,630 | €25,144 | €43,393 | €48,095 | ▲ 10.8% |
| Stocks30/36 | - | €26,630 | €25,144 | €43,393 | €48,095 | ▲ 10.8% |
| Amounts receivable within one year40/41 | - | - | €73 | €242 | - | - |
| Trade receivables40 | - | - | - | €236 | - | - |
| Other amounts receivable41 | - | - | €73 | €5 | - | - |
| Cash at bank and in hand54/58 | €30,635 | €35,735 | €28,617 | €8,482 | €2,786 | ▼ 67.2% |
| Deferred charges and accrued income490/1 | - | €493 | €240 | €397 | €600 | ▲ 51.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €73,653 | €73,353 | €57,740 | €52,513 | €51,482 | ▼ 2.0% |
| Equity10/15 | €29,998 | €30,801 | €33,373 | €31,809 | €32,124 | ▲ 1.0% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €1,860 | €1,860 | €4,432 | €4,432 | €4,432 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €0 | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €0 | - | - |
| Distributable reserves133 | - | - | €2,572 | €4,432 | €4,432 | = |
| Profit (loss) carried forward14 | €21,938 | €22,741 | €22,741 | €21,178 | €21,493 | ▲ 1.5% |
| Amounts payable17/49 | €43,655 | €42,551 | €24,368 | €20,704 | €19,358 | ▼ 6.5% |
| Amounts payable after more than one year17 | €12,770 | €9,420 | €2,600 | €0 | - | - |
| Financial debts170/4 | - | €9,420 | €2,600 | €0 | - | - |
| Amounts payable within one year42/48 | €30,186 | €32,431 | €21,767 | €20,704 | €19,358 | ▼ 6.5% |
| Current portion of amounts payable after more than one year42 | - | - | €3,431 | €2,600 | - | - |
| Trade debts44 | €9,793 | €8,751 | €1,572 | €6,300 | €5,397 | ▼ 14.3% |
| Suppliers440/4 | - | €8,751 | €1,572 | €6,300 | €5,397 | ▼ 14.3% |
| Taxes, remuneration and social security45 | - | €5,862 | €14,432 | €7,642 | €4,426 | ▼ 42.1% |
| Taxes450/3 | - | €3,886 | €10,182 | €5,842 | €4,426 | ▼ 24.2% |
| Remuneration and social security454/9 | - | €1,976 | €4,250 | €1,800 | - | - |
| Other amounts payable47/48 | - | €17,818 | €2,333 | €4,162 | €9,534 | ▲ 129% |
| Accrued charges and deferred income492/3 | - | €700 | €0 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4,131 | €803 | €2,572 | -€1,563 | €315 | ▲ 120% |
| + Depreciation and write-downs630 | €4,865 | €5,831 | €5,785 | €3,666 | - | - |
| Operating cash flow (approximation) | €8,996 | €6,634 | €8,357 | €2,103 | €315 | ▼ 85.0% |
| Investment in fixed assets (approximation) | - | -€1,089 | €1,044 | €0 | - | - |
| Change in cash | - | €5,100 | -€7,118 | -€20,135 | -€5,696 | ▲ 71.7% |
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
30-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Back to profitnet €315
Net result €315 after one loss-making year.
31-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Weakest financial yearnet -€1,563
Net result drops to -€1,563, the lowest in the series; recovery starts the following year.
24-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
17-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
29-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
08-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Highest result since 2018net €11,408 ▲121%
Operating result €14,385, net result €11,408, both a record.
12-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
26-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
17-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
11-05
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 11 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.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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, Soignies · 1 establishment unit since 2015
Ground area
66 m²
Building footprint
30 m²
Volume, LiDAR
298 m³
Parcel 55402F0484/00B002, Wallonia · tallest building 10.9 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
En Aparté
since 20152.246.515.347
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 55402F0484/00B002 | Wallonia | 65 m² | 1 · 30 m² | 10.9 m · 3 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
A PRESENT 4 U
BE 0539.967.227
Mechelen · Eq €32,060
KARPE DIEM
BE 0897.540.604
Aalst · Eq €32,433
VTCH.MOVING.SUPPORT
BE 0787.955.942
Ellezelles · Eq €32,567
Hike Pack
BE 0747.706.979
Kortrijk · Eq €32,632
JELLY JAZZ OOSTENDE
BE 0726.733.304
Brugge · Eq €31,618
Of 1,395 companies in sector 47784 we hold annual accounts for 429. 330 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
Founded01-09-2015
Fiscal year end30-09
Activities, NACEBEL 2025
47784Retail sale of souvenirs and religious articles
47716Retail sale of clothing and accessories for women, men, children and babies (general range)
47722Retail trade
E-invoicing
Reachable via Peppol
Peppol ID
0208:0635934176
Registered
22-10-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.