ISARA
ActiveSummary
ISARA has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €69,180 and a net result of -€24,395. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 94% of 11502 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-56
Solvency100=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,500 at 30 days acceptable
Liquidity ample (current ratio 19.7 against 5.45 in 2024; short-term debt: 5.1% and cash: 82.7% of total assets), and 5.1% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% 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 2025Solvency, return and age of the figures
Solvency
94.9%
Return on assets
-33.5%
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 17-07-2026, 14 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
14 d early
2024
7 d early
2023
69 d early
2022
45 d early
2021
31 d early
2020
12 d early
2019
8 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 27 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
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. Usually files around 30 June (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€69,180▼ 26.1%
2024 · €93,575
Total assets
€72,879▼ 36.4%
2024 · €114,609
Net result
-€24,395
2024 · €8,593
Working capital
€69,180▼ 26.1%
2024 · €93,575
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale 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€14,112€52,147▲ 270%€51,764▼ 0.7%€12,369▼ 76.1%-€24,273
Net result€11,163within the sector's middle half€35,164above the sector's middle half▲ 215%€34,287above the sector's middle half▼ 2.5%€8,593within the sector's middle half▼ 74.9%-€24,395below the sector's middle half
Equity€15,531within the sector's middle half▲ 256%€50,695within the sector's middle half▲ 226%€84,982within the sector's middle half▲ 67.6%€93,575within the sector's middle half▲ 10.1%€69,180within the sector's middle half▼ 26.1%
Total assets€28,822below the sector's middle half▲ 139%€68,492below the sector's middle half▲ 138%€105,166within the sector's middle half▲ 53.5%€114,609within the sector's middle half▲ 9.0%€72,879within the sector's middle half▼ 36.4%
Debt€13,291▲ 72.6%€17,797▲ 33.9%€20,184▲ 13.4%€21,034▲ 4.2%€3,699▼ 82.4%
Working capital€15,531within the sector's middle half▲ 256%€50,695within the sector's middle half▲ 226%€84,982within the sector's middle half▲ 67.6%€93,575within the sector's middle half▲ 10.1%€69,180within the sector's middle half▼ 26.1%
Solvency53.9%within the sector's middle half▲ 17.7pp74.0%above the sector's middle half▲ 20.1pp80.8%above the sector's middle half▲ 6.8pp81.6%above the sector's middle half▲ 0.8pp94.9%above the sector's middle half▲ 13.3pp
Current ratio2.17within the sector's middle half▲ 0.603.85above the sector's middle half▲ 1.685.21above the sector's middle half▲ 1.365.45above the sector's middle half▲ 0.2419.70above the sector's middle half▲ 14.26
Return on assets (ROA)38.7%above the sector's middle half▲ 46.4pp51.3%above the sector's middle half▲ 12.6pp32.6%above the sector's middle half▼ 18.7pp7.5%within the sector's middle half▼ 25.1pp-33.5%below the sector's middle half▼ 41.0pp
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale 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 turns negative in 2025: a loss of €24,273 after €12,369 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €72,879
Equity
€69,180 ▼ 26.1%
Debt
€3,699 ▼ 82.4%
Debt's share of the balance-sheet total falls from 18.4% to 5.1%. Equity and debt are lower.
Key figures and ratios
Quick ratio
19.34▲
2024 · 5.39
Debt to equity
0.05▼
2024 · 0.22
ROE
-35.3%▼
2024 · 9.2%
Debt ≤ 1 year
€3,699▼
2024 · €21,034
Income taxes
€0▼
2024 · €3,633
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,834 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a loss of 10% of the balance sheet or more
1.7%
went bankrupt
13%
stopped otherwise
84%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% over twelve months; the group does not contradict it.
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%.
| 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 5,834 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 |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | €449 | €450 | €493 | €505 | €520 | ▲ 2.8% |
| Gross operating margin9900 | €14,561 | €52,596 | €52,257 | €12,874 | -€23,753 | ▼ 285% |
| Operating profit (loss)9901 | €14,112 | €52,147 | €51,764 | €12,369 | -€24,273 | ▼ 296% |
| Financial income75/76B | - | - | - | - | €0 | - |
| Recurring financial income75 | - | - | - | - | €0 | - |
| Financial charges65/66B | €79 | €92 | €115 | €143 | €122 | ▼ 14.6% |
| Recurring financial charges65 | €79 | €92 | €115 | €143 | €122 | ▼ 14.6% |
| Profit (loss) for the period before taxes9903 | €14,033 | €52,055 | €51,649 | €12,226 | -€24,395 | ▼ 300% |
| Income taxes67/77 | €2,870 | €16,891 | €17,362 | €3,633 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | €11,163 | €35,164 | €34,287 | €8,593 | -€24,395 | ▼ 384% |
| Profit (loss) for the period to be appropriated9905 | €11,163 | €35,164 | €34,287 | €8,593 | -€24,395 | ▼ 384% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €28,822 | €68,492 | €105,166 | €114,609 | €72,879 | ▼ 36.4% |
| Current assets29/58 | €28,822 | €68,492 | €105,166 | €114,609 | €72,879 | ▼ 36.4% |
| Stocks and contracts in progress3 | €1,982 | €823 | €939 | €1,152 | €1,357 | ▲ 17.8% |
| Stocks30/36 | €1,982 | €823 | €939 | €1,152 | €1,357 | ▲ 17.8% |
| Amounts receivable within one year40/41 | €5,445 | €5,445 | €5,450 | €0 | €752 | - |
| Trade receivables40 | €5,445 | €5,445 | €5,445 | €0 | - | - |
| Other amounts receivable41 | - | - | €5 | €0 | €752 | - |
| Cash at bank and in hand54/58 | €21,394 | €62,224 | €98,777 | €113,458 | €60,252 | ▼ 46.9% |
| Deferred charges and accrued income490/1 | - | - | - | - | €10,517 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €28,822 | €68,492 | €105,166 | €114,609 | €72,879 | ▼ 36.4% |
| Equity10/15 | €15,531 | €50,695 | €84,982 | €93,575 | €69,180 | ▼ 26.1% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €11,163 | €46,327 | €80,614 | €80,614 | €80,614 | = |
| Distributable reserves133 | €11,163 | €46,327 | €80,614 | €80,614 | €80,614 | = |
| Profit (loss) carried forward14 | -€14,224 | -€14,224 | -€14,224 | -€5,631 | -€30,026 | ▼ 433% |
| Amounts payable17/49 | €13,291 | €17,797 | €20,184 | €21,034 | €3,699 | ▼ 82.4% |
| Amounts payable within one year42/48 | €13,291 | €17,797 | €20,184 | €21,034 | €3,699 | ▼ 82.4% |
| Trade debts44 | €445 | €0 | - | - | - | - |
| Suppliers440/4 | €445 | €0 | - | - | - | - |
| Taxes, remuneration and social security45 | €5,829 | €10,717 | €20,184 | €21,034 | €3,633 | ▼ 82.7% |
| Taxes450/3 | €5,829 | €10,717 | €20,184 | €21,034 | €3,633 | ▼ 82.7% |
| Other amounts payable47/48 | €7,017 | €7,080 | €0 | - | €66 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €11,163 | €35,164 | €34,287 | €8,593 | -€24,395 | ▼ 384% |
| Operating cash flow (approximation) | €11,163 | €35,164 | €34,287 | €8,593 | -€24,395 | ▼ 384% |
| Change in cash | - | €40,830 | €36,553 | €14,680 | -€53,206 | ▼ 462% |
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
27-07
State Gazette act
Appointment: Wout Bogaert (non-statutory director)2 facts ▸
State Gazette act
Appointment: Wout Bogaert (non-statutory director)
2 facts ▸
- General meeting, 21-05-2026
- Director appointment, Wout Bogaert (non-statutory director)
17-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet -€24,395
Net result drops to -€24,395, the lowest in the series.
31-12
Financial
Liquidity quadruplescurrent ratio 19.70
Current ratio from 5.45 to 19.70; short-term debt falls from €21,034 to €3,699.
24-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
23-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
16-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €35,164 ▲215%
Operating result €52,147, net result €35,164, both a record.
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €11,163
Net result €11,163 after 3 loss-making years.
19-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
23-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2019
30-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 61 days late
2018
27-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
13-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 6 acts read
About the unread acts
Of the 6 Belgian State Gazette acts we know for this company, 1 has been read. The other 5 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 director, last change in 2026
Wout Bogaert
CurrentNon-statutory director · since 21-05-2026
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
5 of this company's 6 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Aartselaar · 1 establishment unit since 1996
Ground area
884 m²
Building footprint
195 m²
Volume, LiDAR
1,336 m³
Parcel 11001B0155/00N003, Flanders · tallest building 10.0 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Isara
since 19962.079.364.650
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11001B0155/00N003 | Flanders | 884 m² | 1 · 195 m² | 10.0 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.
Mandate history
1 person since 2026, 1 in office
- Board
| Name | Functions and periods |
|---|---|
| Wout Bogaert |
|
Structure & network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, scroll to zoom.
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Of 1,743 companies in sector 46150 we hold annual accounts for 758. 595 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
Founded31-10-1996
Fiscal year end31-12
Activities, NACEBEL 2025
46150Agents in the wholesale of furniture, household goods and hardware
46494Wholesale of non-electrical household articles
47552Retail sale of lighting equipment
E-invoicing
Reachable via Peppol
Peppol ID
0208:0459136632
Also
9925:BE0459136632
Registered
29-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.