ISBL
ActiveSummary
ISBL has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €73,921 and a net result of €32,835. Equity has been growing by about 76% per year since 2023. Its solvency ranks better than 92% of 15,759 sector peers (NACE 69, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 20-06-2023 Normal situation
- Activity
- Activities of lawyers NACE 69101
- Establishment unit
- 2.346.383.874 3000 Leuven, since 20-06-2023
- Financial year end
- 30 September
- Peppol
- Reachable since 24-11-2023
Financial position
- Bankruptcy probabilitywithin 12 months
- < 0.1%
- Gross margin
- €41,530
- ▲ 10.4%
- Turnover
- ≈ €120,000
- estimated
- Profit
- €32,835
- ▲ 10.7%
- Equity
- €73,921
- ▲ 79.9%
- Total assets
- €80,263
- ▲ 72.1%
Score breakdownraises risk1 change of registered office in 24 monthslowers riskSector: Legal and accounting activities (NACE 69)Liquidity: current ratio 11.31, cash €71,590Figures for financial year 2025 (filed on 03-02-2026)Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 69, micro). It does better than 87% of them on solvency, 97% on liquidity, 82% on profitability and 87% on growth.
The bankruptcy probability was computed on 01-11-2026 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.
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).
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 3 accounts on average 75 days before the deadline. In the sector (NACE 69), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 02-02-2026 PDF all 3 filings
2023 to 2025, 3 financial years
The operating result for 2025 is 10% higher than in 2024 and the highest since 2023. It is the second rise in a row.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Legal and accounting activities (NACE 69). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).
Investments
| Item | 30-09-2023 | 30-09-2024 | 30-09-2025 |
|---|---|---|---|
| Tangible fixed assets | - | - | €8,821 |
| Depreciation and write-downs of the year | €1,800 | €0 | €302 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
Comparable companies
These companies have the same main activity as ISBL: activities of lawyers (NACE 69101). They are comparable in size and age: total assets between €74,500 and €90,500, founded in 2023.
| Company | Founded | Total assets | Equity | Gross margin | Net result | Financial year |
|---|---|---|---|---|---|---|
| ISBL Antwerpen | 2023 | €80,263 | €73,921 | €41,530 | €32,835 | 2025 |
| MaKe Law Duffel | 2023 | €80,084 | €71,155 | €38,478 | €27,463 | 2025 |
| FLORE VERSMESSEN ADVOCAAT Antwerpen | 2023 | €84,706 | €68,798 | €41,450 | €30,279 | 2025 |
| Advocatenkantoor Thomas Horemans Ranst | 2023 | €80,163 | €63,431 | €40,341 | €31,973 | 2025 |
| GEAN Advocatuur Brasschaat | 2023 | €90,464 | €47,581 | €40,131 | €22,614 | 2025 |
| Eva Tessens Advocaat Antwerpen | 2023 | €88,498 | €73,506 | €44,892 | €32,470 | 2025 |
| OPINO LEGAL Antwerpen | 2023 | €74,461 | €53,625 | €43,407 | €28,816 | 2025 |
They were chosen from the 9,371 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Companies with the same profile, two years later
Historical observationIn July 2024, 39,278 companies had the same profile as ISBL has now. Two years later, 1.8% had gone bankrupt and 95.9% were still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
The bankruptcy probability of ISBL itself is lower: < 0.1% within 12 months. It rests on far more data about ISBL than the profile alone.
Test of the method
The method was tested on the 497,445 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 39,278 companies, not a prediction for ISBL. 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.
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,800 | €0 | €302 | - |
| Other operating charges640/8 | - | €300 | €0 | ▼ 100% |
| Gross operating margin9900 | €9,829 | €37,611 | €41,530 | ▲ 10.4% |
| Operating profit (loss)9901 | €8,029 | €37,311 | €41,228 | ▲ 10.5% |
| Financial income75/76B | - | €0 | €0 | ▼ 100% |
| Recurring financial income75 | - | €0 | €0 | ▼ 100% |
| Financial charges65/66B | - | - | €30 | - |
| Recurring financial charges65 | - | - | €30 | - |
| Profit (loss) for the period before taxes9903 | €8,029 | €37,311 | €41,198 | ▲ 10.4% |
| Income taxes67/77 | €1,613 | €7,641 | €8,363 | ▲ 9.5% |
| Profit (loss) for the period9904 | €6,416 | €29,670 | €32,835 | ▲ 10.7% |
| Profit (loss) for the period to be appropriated9905 | €6,416 | €29,670 | €32,835 | ▲ 10.7% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €15,004 | €46,639 | €80,263 | ▲ 72.1% |
| Fixed assets21/28 | - | - | €8,519 | - |
| Tangible fixed assets22/27 | - | - | €8,519 | - |
| Plant, machinery and equipment23 | - | - | €8,519 | - |
| Current assets29/58 | €15,004 | €46,639 | €71,743 | ▲ 53.8% |
| Cash at bank and in hand54/58 | €15,004 | €46,639 | €71,590 | ▲ 53.5% |
| Deferred charges and accrued income490/1 | - | - | €153 | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €15,004 | €46,639 | €80,263 | ▲ 72.1% |
| Equity10/15 | €11,416 | €41,086 | €73,921 | ▲ 79.9% |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | = |
| Reserves13 | €6,416 | €36,086 | €68,921 | ▲ 91.0% |
| Distributable reserves133 | €6,416 | €36,086 | €68,921 | ▲ 91.0% |
| Amounts payable17/49 | €3,588 | €5,553 | €6,341 | ▲ 14.2% |
| Amounts payable within one year42/48 | €3,588 | €5,553 | €6,341 | ▲ 14.2% |
| Taxes, remuneration and social security45 | €3,188 | €4,716 | €4,463 | ▼ 5.4% |
| Taxes450/3 | €3,188 | €4,716 | €4,463 | ▼ 5.4% |
| Other amounts payable47/48 | €400 | €837 | €1,878 | ▲ 124% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €6,416 | €29,670 | €32,835 | ▲ 10.7% |
| + Depreciation and write-downs630 | €1,800 | €0 | €302 | - |
| Operating cash flow (approximation) | €8,216 | €29,670 | €33,137 | ▲ 11.7% |
| Change in cash | - | €31,635 | €24,951 | ▼ 21.1% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Board & ownership
Directors
Owners and capital
Shareholders
- LEFEVER Isabelle 100 shares (100%) · €5,000 in cash
Capital transactions
- 22-06-2023 Incorporation · €5,000 · 100 shares
Articles of association
- Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
- “Helft overdrager/helft koper(s) naar evenredigheid aantal, werkelijke waarde dag overdracht”
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
Articles of association, deed of 22-06-2023 (in Dutch)
Network & group
ISBL shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of ISBL. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
13-03
Gazette deed
Registered officeRegistered-office move2 points ▸
- Board meeting, 12-12-2025
- Registered-office move, Langstraat 42, 2140 Borgerhout (België)
22-06
Gazette deed
IncorporationAppointment: LEFEVER Isabelle (director) · Founder · Founding capital9 points ▸
- Incorporation, “ISBL” (deed in Dutch)
- Founder, LEFEVER Isabelle
- Founding capital, €5,000
- Other provision, “comparanten, statuten vaststelling” (deed in Dutch)
- Registered office clause, “3000 Leuven,Sint-Servatiusstraat 7” (deed in Dutch)
- Board rule, 1
- Director appointment, LEFEVER Isabelle (director (not named in the articles))
- Power of attorney, Isabelle Mostaert
- Other provision, “toelatingen-vergunningen beroepstoegang, comparanten” (deed in Dutch)
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 20255 activities
- Het uitoefenen van het beroep van advocaat door een persoon ingeschreven op het tableau van de Orde van Advocaten, op de lijst van de stagiairs, op de EU-lijst of op de B-lijst voor zover van toepassing, en alle andere activiteiten die verenigbaar zijn met het beroep van advocaat, voor zover toegelaten door de deontologische beginselen, de Codex Deontologie voor Advocaten en de reglementen van de Orden van Advocaten waarvan de aandeelhouder-bestuurder deel uitmaakt.
- Een patrimonium bestaande uit eigen roerende en onroerende goederen te verwerven, te behouden, in de ruimste zin van het woord te beheren en oordeelkundig uit te breiden. Binnen dit kader mag de vennootschap overgaan tot het aankopen, verkopen, bouwen, verbouwen, verkavelen, ontwikkelen, uitrusten, opschikken, herstellen, valoriseren, huren, verhuren, onderverhuren of in pand nemen, maar ook eventueel verkopen van alle roerende en onroerende goederen, al dan niet gemeubeld.
- Het optreden als commissionair, tussenpersoon, zowel voor eigen rekening als voor rekening van derden bij alle commerciële activiteiten.
- Het nemen van participaties onder welke vorm ook, in alle bestaande en op te richten vennootschappen en ondernemingen, het beheren en valoriseren van eigen roerende waarden en participaties, het verlenen van financiële en andere bijstand aan de vennootschappen en ondernemingen waarin ze belangen heeft.
- Elke dienstverlening op het gebied van management, het beheer en het bestuur van en alle adviesverlening aan bedrijven, personen en vennootschappen.
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
1 establishment unit
Buildings and parcels at the addresses
2 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 11006A0349/00T013 | Flanders | 110 m² | 1 · 77 m² | 12.7 m · 4 |
| 24505F1050/00H000 | Flanders | 85 m² | 1 · 61 m² | 9.2 m · 2 |