ISANO
ActiveISANO has been active since 1983 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €966k and a net result of €-146k. Equity is shrinking by ~7.5% per year across the filed fiscal years. Its solvency ranks better than 85% of 111 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency100=
Growth32=
Stability100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50k at 30 days acceptable
Liquidity ample (current ratio 9.15 against 2.95 in 2024), and 10.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Nine signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 02
Relative position
BE, all sectors
reference
Sector 02
lower
← 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
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
89.7%
Return on assets
-13.6%
Age of the figures
8 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity fell accordingly. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€146k
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 · 10 filingsDeviation from the deadline
2025
1 d early
2024
on the day
2023
30 d late
2022
on the day
2021
2 d early
2020
2 d early
2019
28 d late
← before the deadline
after the deadline →
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
13-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-146k▼ 10.1%
2024 · €-133k
2018: €210k
2019: €125k
2020: €105k
2021: €-114k
2022: €-75k
2023: €-141k
2024: €-133k
2018 → 2025
Working capital
€899k▼ 11.8%
2024 · €1.02M
2018: €1.67M
2019: €1.61M
2020: €1.69M
2021: €1.66M
2022: €1.54M
2023: €1.27M
2024: €1.02M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.77M-€1.69M▼ 4.2%€1.39M▼ 18.0%€1.11M▼ 19.8%€966k▼ 13.1%
Operating result€-96k-€-71k▲ 26.6%€-135k▼ 90.9%€-131k▲ 3.3%€-145k▼ 10.7%
Net result€-114k-€-75k▲ 34.2%€-141k▼ 87.8%€-133k▲ 5.6%€-146k▼ 10.1%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €145k in 2025 against €131k in 2024; the loss grows and 2025 is the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.08M
Fixed assets
€67k▼ 28.0%
Current assets
€1.01M▼ 34.5%
Equity and liabilities €1.08M
Equity
€966k▼ 13.1%
Debt
€110k▼ 78.9%
The debt ratio falls from 31.9% to 10.3%: debt falls faster than equity shrinks.
Key figures and ratios
EBITDA
€-119k▼
2024 · €-89k
Cash flow
€-120k▼
2024 · €-91k
Solvency
89.7%▲
2024 · 68.1%
Current ratio
9.15▲
2024 · 2.95
Quick ratio
9.11▲
2024 · 2.89
Debt / equity
0.11▼
2024 · 0.47
ROE
-15.1%▼
2024 · -11.9%
ROA
-13.6%▼
2024 · -8.1%
Interest coverage
-240.63▼
2024 · -147.50
Debt
€110k▼
2024 · €522k
Debt ≤ 1 year
€110k▼
2024 · €522k
Income taxes
€1k▼
2024 · €1k
Staff costs
€8k▼
2024 · €32k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.63M€1.08M▼
Fixed assets21/28€93k€67k▼
Tangible fixed assets22/27€93k€67k▼
Land and buildings22€77k€61k▼
Plant, machinery and equipment23€9k€6k▼
Furniture and vehicles24€8k€134▼
Current assets29/58€1.54M€1.01M▼
Stocks and contracts in progress3€34k€4k▼
Stocks30/36€34k€4k▼
Amounts receivable within one year40/41€697k€503k▼
Trade receivables40€561k€367k▼
Other amounts receivable41€136k€136k▲
Cash at bank and in hand54/58€804k€496k▼
Deferred charges and accrued income490/1€6k€5k▼
Equity and liabilities
Total equity and liabilities10/49€1.63M€1.08M▼
Equity10/15€1.11M€966k▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€1.04M€903k▼
Non-distributable reserves130/1€6k€430k▲
Legal reserve130€6k€6k=
Reserves not available under the articles1311-€424k
Distributable reserves133€1.04M€473k▼
Profit (loss) carried forward14€9k€838▼
Amounts payable17/49€522k€110k▼
Amounts payable within one year42/48€522k€110k▼
Current portion of amounts payable after more than one year42€3k-
Financial debts43-€16
Credit institutions430/8-€16
Trade debts44€403k€45k▼
Suppliers440/4€403k€45k▼
Taxes, remuneration and social security45€21k€12k▼
Taxes450/3€12k€7k▼
Remuneration and social security454/9€8k€5k▼
Other amounts payable47/48€95k€53k▼
Accrued charges and deferred income492/3€12-
Income statement
Code20242025
Non-recurring operating income76A€44k-
Remuneration, social security and pensions62€32k€8k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€42k€26k▼
Provisions for liabilities and charges: additions (uses and reversals)635/8€69€-4k▼
Other operating charges640/8€6k€7k▲
Gross operating margin9900€-51k€-108k▼
Operating profit (loss)9901€-131k€-145k▼
Financial income75/76B€1€0▼
Recurring financial income75€1€0▼
Financial charges65/66B€601€493▼
Recurring financial charges65€601€493▼
Profit (loss) for the period before taxes9903€-131k€-145k▼
Income taxes67/77€1k€1k▼
Profit (loss) for the period9904€-133k€-146k▼
Profit (loss) for the period to be appropriated9905€-133k€-146k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-124k€-137k▼
Profit (loss) brought forward from the previous period14P€9k€9k▲
Transfer from equity791/2€275k€138k▼
Profit to be distributed694/7€142k-
Return on contributions (dividend)694€142k-
The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet €-146k
Net result drops to €-146k, the lowest in the series.
31-12
Financial
Liquidity triplescurrent ratio 9.15
Current ratio from 2.95 to 9.15; short-term debt falls from €522k to €110k.
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 28 days late
2019
23-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 23 days late
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 29 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Bièvre · 1 establishment unit since 1984
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue de Bouillon 725555 BièvreGround area
7,168 m²
Building footprint
369 m²
Parcel 91015B0434/00F002, Wallonia. Linked by address, not a title deed.
1 establishment unit
Rue de Bouillon 72, 5555 Bièvre
since 19842.023.906.681
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 91015B0434/00F002 | Wallonia | 7,168 m² | 1 · 369 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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HEMICYCLE
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Of 607 companies in sector 02100 we hold annual accounts for 212. 137 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded30-12-1983
Fiscal year end31-12
Activities, NACEBEL
02100Forestry and logging
02012
02200Logging
Sources
Crossroads Bank for EnterprisesNational Bank · 42 filingsAddress and cadastre registers
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.