ISALEX
ActiveSummary
ISALEX has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2k and a net result of €66k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 23% of 18400 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability89▲+13
Solvency26▲+16
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
0.8%
Low
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.
−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
0.6%
Return on assets
15.9%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 18400 sector peers (2025).
NBB · sector comparisonPosition among 18400 sector peers
Solvency
better than 23%
← weakest
strongest →
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 · 7 filingsDeviation from the deadline
2025
1 d early
2024
20 d late
2023
on the day
2022
on the day
2021
21 d late
2020
31 d late
2019
92 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€2k
2024 · €-64k
Total assets
€415k▼ 3.6%
2024 · €431k
Net result
€66k▲ 155%
2024 · €26k
Working capital
€15k▲ 701%
2024 · €2k
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
Line20212022202320242025
Operating result€-76k€-18k▲ 77.0%€20k€30k▲ 52.4%€70k▲ 132%
Net result€-80k€-22k▲ 72.0%€15k€26k▲ 70.5%€66k▲ 155%
Equity€-82k▼ 3,775%€-105k▼ 27.2%€-90k▲ 14.5%€-64k▲ 28.9%€2k
Total assets€545k▲ 7,177%€489k▼ 10.2%€463k▼ 5.4%€431k▼ 7.0%€415k▼ 3.6%
Debt€606k▲ 6,210%€594k▼ 2.0%€553k▼ 7.0%€494k▼ 10.5%€413k▼ 16.5%
Working capital€-21k▼ 211%€-40k▼ 89.4%€88€2k▲ 2,044%€15k▲ 701%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 132% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €415k
Fixed assets
€379k ▼ 7.5%
Current assets
€37k ▲ 69.0%
Equity and liabilities €415k
Equity
€2k
Debt
€413k
Debt finances 99.4% of the balance-sheet total.
Key figures and ratios
EBITDA
€115k▲
2024 · €72k
Cash flow
€111k▲
2024 · €68k
Current ratio
1.70▲
2024 · 1.10
ROA
15.9%▲
2024 · 6.0%
Interest coverage
26.97▲
2024 · 16.30
Debt ≤ 1 year
€22k▲
2024 · €20k
Debt > 1 year
€391k▼
2024 · €475k
A ratio outside any meaningful range has been withheld (balance sheet total €415k, equity €2k).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €4k | €0 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €34k | €43k | €41k | €42k | €45k | ▲ 5.7% |
| Other operating charges640/8 | €1k | €2k | €8k | €3k | €2k | ▼ 29.7% |
| Non-recurring operating charges66A | €28k | €750 | €600 | €0 | - | - |
| Gross operating margin9900 | €-13k | €28k | €69k | €75k | €117k | ▲ 55.1% |
| Operating profit (loss)9901 | €-76k | €-18k | €20k | €30k | €70k | ▲ 132% |
| Financial income75/76B | €0 | €84 | €37 | €30 | €79 | ▲ 159% |
| Recurring financial income75 | €0 | €84 | €37 | €30 | €79 | ▲ 159% |
| Financial charges65/66B | €4k | €5k | €5k | €4k | €4k | ▼ 4.2% |
| Recurring financial charges65 | €4k | €5k | €5k | €4k | €4k | ▼ 4.2% |
| Profit (loss) for the period before taxes9903 | €-80k | €-22k | €15k | €26k | €66k | ▲ 155% |
| Profit (loss) for the period9904 | €-80k | €-22k | €15k | €26k | €66k | ▲ 155% |
| Profit (loss) for the period to be appropriated9905 | €-80k | €-22k | €15k | €26k | €66k | ▲ 155% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €545k | €489k | €463k | €431k | €415k | ▼ 3.6% |
| Fixed assets21/28 | €515k | €478k | €438k | €409k | €379k | ▼ 7.5% |
| Intangible fixed assets21 | €46k | €36k | €25k | €14k | €4k | ▼ 74.9% |
| Tangible fixed assets22/27 | €469k | €442k | €413k | €395k | €375k | ▼ 5.0% |
| Land and buildings22 | - | - | - | €8k | €15k | ▲ 78.5% |
| Plant, machinery and equipment23 | €509 | €3k | €2k | €2k | €987 | ▼ 34.2% |
| Furniture and vehicles24 | €31k | €26k | €19k | €16k | €13k | ▼ 20.3% |
| Other tangible fixed assets26 | €437k | €414k | €392k | €369k | €346k | ▼ 6.1% |
| Current assets29/58 | €30k | €11k | €25k | €22k | €37k | ▲ 69.0% |
| Amounts receivable within one year40/41 | €7k | €9k | €17k | €8k | €11k | ▲ 34.2% |
| Trade receivables40 | - | €3k | €17k | €8k | €11k | ▲ 34.3% |
| Other amounts receivable41 | €7k | €6k | €145 | €5 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €21k | €881 | €7k | €13k | €25k | ▲ 93.5% |
| Deferred charges and accrued income490/1 | €1k | €1k | €1k | €499 | €604 | ▲ 21.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €545k | €489k | €463k | €431k | €415k | ▼ 3.6% |
| Equity10/15 | €-82k | €-105k | €-90k | €-64k | €2k | ▲ 104% |
| Contributions10/11 | €12k | €12k | €12k | €12k | €12k | = |
| Profit (loss) carried forward14 | €-95k | €-117k | €-102k | €-76k | €-10k | ▲ 86.8% |
| Provisions and deferred taxes16 | €21k | - | - | - | - | - |
| Provisions for liabilities and charges160/5 | €21k | - | - | - | - | - |
| Major repairs and maintenance162 | €21k | - | - | - | - | - |
| Amounts payable17/49 | €606k | €594k | €553k | €494k | €413k | ▼ 16.5% |
| Amounts payable after more than one year17 | €555k | €543k | €527k | €475k | €391k | ▼ 17.5% |
| Financial debts170/4 | €555k | €543k | €527k | €475k | €391k | ▼ 17.5% |
| Amounts payable within one year42/48 | €51k | €52k | €25k | €20k | €22k | ▲ 8.9% |
| Current portion of amounts payable after more than one year42 | - | €13k | €13k | €13k | €14k | ▲ 1.7% |
| Financial debts43 | €13k | - | - | - | - | - |
| Credit institutions430/8 | €13k | - | - | - | - | - |
| Trade debts44 | €3k | €3k | €10k | €3k | €2k | ▼ 5.7% |
| Suppliers440/4 | €3k | €3k | €10k | €3k | €2k | ▼ 5.7% |
| Advances received on contracts in progress46 | €292 | - | - | - | - | - |
| Taxes, remuneration and social security45 | - | €48 | €3k | €4k | €6k | ▲ 43.4% |
| Taxes450/3 | - | €48 | €3k | €4k | €6k | ▲ 43.4% |
| Other amounts payable47/48 | €35k | €36k | €0 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-80k | €-22k | €15k | €26k | €66k | ▲ 155% |
| + Depreciation and write-downs630 | €34k | €43k | €41k | €42k | €45k | ▲ 5.7% |
| Operating cash flow (approximation) | €-46k | €20k | €56k | €68k | €111k | ▲ 62.6% |
| Investment in fixed assets (approximation) | - | €-6k | €-873 | €-14k | €-14k | ▼ 4.3% |
| Change in cash | - | €-20k | €7k | €6k | €12k | ▲ 119% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2019net €66k ▲155%
Operating result €70k, net result €66k, both a record.
20-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 20 days late
2024
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €15k
Net result €15k after 2 loss-making years.
31-12
Financial
Liquidity times 5current ratio 1.00
Current ratio from 0.22 to 1.00; short-term debt falls from €52k to €25k.
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
21-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 21 days late
2021
31-12
Financial
Weakest financial yearnet €-80k
Net result drops to €-80k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 92 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, Antwerpen · 1 establishment unit since 2017
Ground area
153 m²
Building footprint
155 m²
Volume, LiDAR
1,324 m³
Parcel 11312A0082/00S004, Flanders · tallest building 11.6 m, ±4 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
ISALEX
since 20172.267.444.185
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11312A0082/00S004 | Flanders | 153 m² | 1 · 155 m² | 11.6 m · 4 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteAntwerpen2.267.444.185
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Of 3,824 companies in sector 47210 we hold annual accounts for 965. 263 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
Founded21-08-2017
Fiscal year end31-12
Activities, NACEBEL 2025
47210Retail sale of fruit and vegetables
56112Limited-service restaurants, excluding mobile food services
Scores and ratios are computed by Checked and are not a credit decision.