Turnover
≈ €150,000 estimated
The accounts state no turnover.
ISAL
Lifetime
11 annual accounts with figures on one time axispeak €39,753 (2021)
€9,071▲ 12.0%
lowest -€6,962 (2012)
€7,581▼ 20.2%
peak €32,656 (2024)
€32,656▲ 30.2%
€68,878▲ 1.9%
peak 1 FTE (2016)
-not published
Board2 names since 2024
2 directorsMAHAJAN Naresh and 1 other
Documentsfilings and deeds
26-09-202557 days late
2024micro format
Gross margin from €8,098 to €9,071Appointment: Mahajan Deepank (director) 13-05Change of role: MAHAJAN Naresh, from manager to director 25-03Equity from €25,075 to €32,656Cash from €13,976 to €22,803
Key points
from the 2024 annual accountsChecked score
56
Fair
Financially stronger than 52% of micro companies in retail trade (NACE 47)
Probability in this band: 1.5% to 4.2%
A confirmed filing finding caps the score at 59.
Bankruptcy probability within 12 months
1.4% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.6% across 40,275 companies (NACE 47, micro).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 4.0%
01-2025: 6.9%▲ +2.9 percentage points vs 12-2024
02-2025: 6.9%● unchanged vs 01-2025
03-2025: 7.3%▲ +0.4 percentage points vs 02-2025highest value
04-2025: 6.7%▼ -0.6 percentage points vs 03-2025
05-2025: 6.7%● unchanged vs 04-2025
06-2025: 6.7%● unchanged vs 05-2025
07-2025: 2.2%▼ -4.5 percentage points vs 06-2025
08-2025: 2.9%▲ +0.7 percentage points vs 07-2025
09-2025: 3.3%▲ +0.4 percentage points vs 08-2025
10-2025: 4.0%▲ +0.7 percentage points vs 09-2025
11-2025: 0.7%▼ -3.3 percentage points vs 10-2025
12-2025: 0.6%▼ -0.1 percentage points vs 11-2025
01-2026: 0.6%● unchanged vs 12-2025
02-2026: 0.6%● unchanged vs 01-2026
03-2026: 0.5%▼ -0.1 percentage points vs 02-2026
04-2026: 0.5%● unchanged vs 03-2026
05-2026: 0.5%● unchanged vs 04-2026
06-2026: 0.5%● unchanged vs 05-2026lowest value
07-2026: 0.5%● unchanged vs 06-2026
08-2026: 0.8%▲ +0.3 percentage points vs 07-2026
09-2026: 1.0%▲ +0.2 percentage points vs 08-2026
10-2026: 1.4%▲ +0.4 percentage points vs 09-2026
11-2026: 1.4%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Capped at 59: a confirmed filing finding
Figures for financial year 2024 (filed on 01-10-2025)
1 financial year not filed after the legal deadline; last filed accounts filed 57 days late; 3 of the last 3 accounts late
lowers risk
Founded in 2010
Liquidity: current ratio 1.44, cash €22,803
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 47, micro). It does better than 48% of them on solvency, 40% on liquidity, 40% on profitability and 79% on growth.
The bankruptcy probability was computed on 09-11-2026 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 31-12-2024.
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, 34,693 companies had the same profile as ISAL has now. Each dot stands for 87 companies, two years later.
95.3%
were still trading
3.9%
stopped another way
0.7%
went bankrupt
The bankruptcy probability of ISAL itself is higher: 1.4% within 12 months. It rests on far more data about ISAL than the profile alone.
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 34,693 companies, not a prediction for ISAL. 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.
Credit verdict
Credit of up to €1,500 on 30-day terms, only on tighter conditions: an expected filing is missing beyond Checked's processing allowance
Liquidity is tight, with a current ratio of 1.44 (1.33 in 2023), below the usual 1.5. Short-term debt is 67.8% and cash 22.5% of total assets. 67.8% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 102 days later.
NBB · 10 filingsPosition against the passed deadline
31-12-2025 year end31-07-2026 deadline10-11-2026 today
raises risk · 2024 accounts filed 57 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-09-2025, 57 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
57 days late
2023
323 days late
2022
92 days late
2021
127 days late
2020
368 days late
2019
19 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 6 accounts on average 158 days after the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.
Searched, nothing found (1)
Recent changes
Resignation: Mahajan Deepank (director)
Board meeting of 31-03-2026 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0827689518
Appointment: Mahajan Deepank (director)
Board meeting of 01-04-2024 · Gazette deed
Change of role: MAHAJAN Naresh, from manager to director
General meeting of 18-03-2024 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| ISAL Brussels | - | - | 32.2% | - |
| FYTONET Halle | - | - | 78.1% | - |
| WERELDWINKEL OUDSBERGEN-AS Oudsbergen | €90,170 | 5.5% | 88.9% | - |
| PVD WINE CONSULTANCY Hasselt | - | - | 10.0% | - |
| F.B.S. GROUP Schaerbeek | €129,412 | 3.0% | 11.3% | - |
| SINFONIA DE SABORES Woluwe-Saint-Lambert | - | - | 97.3% | - |
| Valterra Brussels | - | - | -9.4% | - |
These companies have the same main activity as ISAL: other retail sale of food (NACE 47279). They are comparable in size and age: total assets between €65,200 and €145,000, founded between 2004 and 2011.
Official details
Source: KBO- Status
- Active since 09-07-2010Normal situation
- Activity
- Other retail sale of foodNACE 47279
- Establishment unit
- 2.190.809.7321000 Brussels, since 01-08-2010
- Financial year end
- 31 December
- Peppol
- Reachable since 09-10-2025
Insights on ISAL
ISAL files the micro format. That format states no turnover. The gross margin rose from -€21,581 in 2012 to €9,071 in 2024.
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 ISAL
- What is the company number of ISAL?
- The company number of ISAL is 0827.689.518. The VAT number is the same number with BE in front: BE 0827.689.518.
- Where is ISAL based?
- The registered office is at Legrandlaan 9, 1000 Brussels.Company details
- What does ISAL do?
- According to the KBO register, the main activity is other retail sale of food (NACE 47279).
- What is the legal form of ISAL?
- ISAL is a private limited company (BV).
- When was ISAL founded?
- ISAL was founded on 09-07-2010.
- Is ISAL still active?
- Yes, ISAL is an active enterprise in the KBO register.
- How many employees does ISAL have?
- ISAL had an average of 1 full-time equivalents in financial year 2019, according to the filed annual accounts.Financials
- What is the turnover of ISAL?
- The turnover in financial year 2024 is ≈ €150,000. This figure is estimated from the gross margin of €9,071 and 93 comparable companies (NACE 472). It probably lies between €71,000 and €300,000. It is a rough estimate.
- Is ISAL profitable?
- In financial year 2024, ISAL made a profit of €7,581.
- Where can I find the annual accounts of ISAL?
- ISAL filed 11 annual accounts with the National Bank of Belgium, the latest for financial year 2024.
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