Ischgl Group
ActiveSummary
The computed 12-month bankruptcy probability of Ischgl Group is 3.0% (moderate). The 2025 annual accounts show equity of €398k and a net result of €163k. Equity is growing by ~44.7% per year across the filed fiscal years. Its solvency ranks better than 54% of 3705 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability86▲+7
Solvency58▲+7
Growth78=
Track record100
Bankruptcy probability, 12 months
3.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €22k at 30 days acceptable
Liquidity tight (current ratio 1.0 against 0.63 in 2024; short-term debt: 59.7% and cash: 15.5% of total assets), and 66.6% of the assets are financed with debt.
Credit check for your own amount and term
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 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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
33.4%
Return on assets
13.7%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 28-01-2026, 3 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
3 d early
2024
on the day
2023
28 d early
2022
4 d early
2021
5 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€398k▲ 69.5%
2024 · €235k
2021: €51klowest in 5 years
2022: €90k▲ +76.1% vs 2021
2023: €163k▲ +81.7% vs 2022
2024: €235k▲ +44.0% vs 2023
2025: €398k▲ +69.5% vs 2024highest in 5 years
2021 → 2025
Total assets
€1.19M▲ 34.4%
2024 · €887k
2021: €203klowest in 5 years
2022: €410k▲ +102% vs 2021
2023: €524k▲ +27.9% vs 2022
2024: €887k▲ +69.4% vs 2023
2025: €1.19M▲ +34.4% vs 2024highest in 5 years
2021 → 2025
Net result
€163k▲ 127%
2024 · €72k
2021: €47k
2022: €39k▼ -17.5% vs 2021lowest in 5 years
2023: €70k▲ +81.2% vs 2022
2024: €72k▲ +2.3% vs 2023
2025: €163k▲ +127% vs 2024highest in 5 years
2021 → 2025
Working capital
€3k
2024 · €-185k
2021: €43khighest in 5 years
2022: €-36k▼ -183% vs 2021
2023: €-136k▼ -281% vs 2022
2024: €-185k▼ -36.7% vs 2023lowest in 5 years
2025: €3k▲ +102% vs 2024
2021 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€51k-€90k▲ 76.1%€163k▲ 81.7%€235k▲ 44.0%€398k▲ 69.5%
2021: €51klowest in 5 years
2022: €90k▲ +76.1% vs 2021
2023: €163k▲ +81.7% vs 2022
2024: €235k▲ +44.0% vs 2023
2025: €398k▲ +69.5% vs 2024highest in 5 years
Operating result€48k-€41k▼ 14.4%€83k▲ 103%€107k▲ 28.7%€206k▲ 91.5%
2021: €48k
2022: €41k▼ -14.4% vs 2021lowest in 5 years
2023: €83k▲ +103% vs 2022
2024: €107k▲ +28.7% vs 2023
2025: €206k▲ +91.5% vs 2024highest in 5 years
Net result€47k-€39k▼ 17.5%€70k▲ 81.2%€72k▲ 2.3%€163k▲ 127%
2021: €47k
2022: €39k▼ -17.5% vs 2021lowest in 5 years
2023: €70k▲ +81.2% vs 2022
2024: €72k▲ +2.3% vs 2023
2025: €163k▲ +127% vs 2024highest in 5 years
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 91% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.19M
Fixed assets
€478k ▼ 16.3%
Current assets
€714k ▲ 126%
Equity and liabilities €1.19M
Equity
€398k ▲ 69.5%
Debt
€794k ▲ 21.8%
Debt's share of the balance-sheet total falls from 73.5% to 66.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€311k▲
2024 · €203k
Cash flow
€269k▲
2024 · €168k
Current ratio
1.00▲
2024 · 0.63
Quick ratio
0.60▲
2024 · 0.43
Debt to equity
1.99▼
2024 · 2.77
ROE
41.0%▲
2024 · 30.6%
ROA
13.7%▲
2024 · 8.1%
Interest coverage
7.93▼
2024 · 20.38
Debt ≤ 1 year
€711k▲
2024 · €501k
Debt > 1 year
€83k▼
2024 · €139k
Income taxes
€57k▲
2024 · €27k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 48 lines
Balance sheet
Code20242025
Assets
Total assets20/58€887k€1.19M▲
Fixed assets21/28€571k€478k▼
Intangible fixed assets21€4k€2k▼
Tangible fixed assets22/27€567k€476k▼
Land and buildings22€277k€266k▼
Plant, machinery and equipment23€75k€59k▼
Furniture and vehicles24€8k€5k▼
Other tangible fixed assets26€207k€145k▼
Current assets29/58€316k€714k▲
Stocks and contracts in progress3€102k€287k▲
Stocks30/36€102k€287k▲
Amounts receivable within one year40/41€76k€238k▲
Trade receivables40€75k€218k▲
Other amounts receivable41€906€20k▲
Cash at bank and in hand54/58€134k€185k▲
Deferred charges and accrued income490/1€3k€4k▲
Equity and liabilities
Total equity and liabilities10/49€887k€1.19M▲
Equity10/15€235k€398k▲
Contributions10/11€4k€4k=
Reserves13€3k€3k=
Distributable reserves133€3k€3k=
Profit (loss) carried forward14€228k€391k▲
Amounts payable17/49€652k€794k▲
Amounts payable after more than one year17€139k€83k▼
Financial debts170/4€139k€83k▼
Amounts payable within one year42/48€501k€711k▲
Current portion of amounts payable after more than one year42€58k€56k▼
Trade debts44€232k€369k▲
Suppliers440/4€232k€369k▲
Taxes, remuneration and social security45€5k€4k▼
Taxes450/3€5k€2k▼
Remuneration and social security454/9-€2k
Other amounts payable47/48€205k€283k▲
Accrued charges and deferred income492/3€12k-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€96k€105k▲
Other operating charges640/8€1k€2k▲
Gross operating margin9900€204k€313k▲
Operating profit (loss)9901€107k€206k▲
Financial income75/76B€2k€54k▲
Recurring financial income75€2k€54k▲
Financial charges65/66B€10k€39k▲
Recurring financial charges65€10k€39k▲
Profit (loss) for the period before taxes9903€99k€221k▲
Income taxes67/77€27k€57k▲
Profit (loss) for the period9904€72k€163k▲
Profit (loss) for the period to be appropriated9905€72k€163k▲
Appropriation of the result
Profit (loss) to be appropriated9906€228k€391k▲
Profit (loss) brought forward from the previous period14P€156k€228k▲
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €16k | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3k | €29k | €77k | €96k | €105k | ▲ 10.2% |
| Other operating charges640/8 | - | €2k | €3k | €1k | €2k | ▲ 32.5% |
| Gross operating margin9900 | €53k | €72k | €164k | €204k | €313k | ▲ 53.0% |
| Operating profit (loss)9901 | €48k | €41k | €83k | €107k | €206k | ▲ 91.5% |
| Financial income75/76B | - | €1k | €3k | €2k | €54k | ▲ 3,071% |
| Recurring financial income75 | €382 | €1k | €3k | €2k | €54k | ▲ 3,071% |
| Financial charges65/66B | - | €3k | €5k | €10k | €39k | ▲ 293% |
| Recurring financial charges65 | €545 | €3k | €5k | €10k | €39k | ▲ 293% |
| Profit (loss) for the period before taxes9903 | €48k | €39k | €82k | €99k | €221k | ▲ 123% |
| Income taxes67/77 | €915 | €143 | €11k | €27k | €57k | ▲ 111% |
| Profit (loss) for the period9904 | €47k | €39k | €70k | €72k | €163k | ▲ 127% |
| Profit (loss) for the period to be appropriated9905 | €47k | €39k | €70k | €72k | €163k | ▲ 127% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €203k | €410k | €524k | €887k | €1.19M | ▲ 34.4% |
| Fixed assets21/28 | €92k | €243k | €347k | €571k | €478k | ▼ 16.3% |
| Intangible fixed assets21 | €4k | €8k | €6k | €4k | €2k | ▼ 50.8% |
| Tangible fixed assets22/27 | €87k | €233k | €341k | €567k | €476k | ▼ 16.1% |
| Land and buildings22 | - | - | - | €277k | €266k | ▼ 4.0% |
| Plant, machinery and equipment23 | - | €29k | €72k | €75k | €59k | ▼ 20.5% |
| Furniture and vehicles24 | - | €7k | €5k | €8k | €5k | ▼ 36.2% |
| Other tangible fixed assets26 | - | €197k | €265k | €207k | €145k | ▼ 29.8% |
| Financial fixed assets28 | - | €2k | - | - | - | - |
| Current assets29/58 | €111k | €166k | €176k | €316k | €714k | ▲ 126% |
| Stocks and contracts in progress3 | €5k | €12k | €51k | €102k | €287k | ▲ 180% |
| Stocks30/36 | - | €12k | €51k | €102k | €287k | ▲ 180% |
| Amounts receivable within one year40/41 | €26k | €53k | €104k | €76k | €238k | ▲ 213% |
| Trade receivables40 | - | €31k | €84k | €75k | €218k | ▲ 190% |
| Other amounts receivable41 | - | €22k | €19k | €906 | €20k | ▲ 2,125% |
| Cash at bank and in hand54/58 | €79k | €99k | €18k | €134k | €185k | ▲ 37.9% |
| Deferred charges and accrued income490/1 | - | €2k | €4k | €3k | €4k | ▲ 36.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €203k | €410k | €524k | €887k | €1.19M | ▲ 34.4% |
| Equity10/15 | €51k | €90k | €163k | €235k | €398k | ▲ 69.5% |
| Contributions10/11 | - | €4k | €4k | €4k | €4k | = |
| Reserves13 | - | - | €3k | €3k | €3k | = |
| Distributable reserves133 | - | - | €3k | €3k | €3k | = |
| Profit (loss) carried forward14 | €47k | €86k | €156k | €228k | €391k | ▲ 71.6% |
| Amounts payable17/49 | €152k | €320k | €361k | €652k | €794k | ▲ 21.8% |
| Amounts payable after more than one year17 | - | €29k | €4k | €139k | €83k | ▼ 40.3% |
| Financial debts170/4 | - | €29k | €4k | €139k | €83k | ▼ 40.3% |
| Amounts payable within one year42/48 | €69k | €202k | €312k | €501k | €711k | ▲ 41.9% |
| Current portion of amounts payable after more than one year42 | - | €21k | €25k | €58k | €56k | ▼ 3.9% |
| Trade debts44 | €68k | €181k | €275k | €232k | €369k | ▲ 58.9% |
| Suppliers440/4 | - | €181k | €275k | €232k | €369k | ▲ 58.9% |
| Taxes, remuneration and social security45 | - | €143 | €11k | €5k | €4k | ▼ 32.3% |
| Taxes450/3 | - | €143 | €11k | €5k | €2k | ▼ 62.8% |
| Remuneration and social security454/9 | - | - | - | - | €2k | - |
| Other amounts payable47/48 | - | €120 | €132 | €205k | €283k | ▲ 37.6% |
| Accrued charges and deferred income492/3 | - | €89k | €44k | €12k | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €47k | €39k | €70k | €72k | €163k | ▲ 127% |
| + Depreciation and write-downs630 | €3k | €29k | €77k | €96k | €105k | ▲ 10.2% |
| Operating cash flow (approximation) | €50k | €67k | €148k | €168k | €269k | ▲ 60.4% |
| Investment in fixed assets (approximation) | - | €-180k | €-181k | €-320k | €-12k | ▲ 96.2% |
| Change in cash | - | €21k | €-82k | €117k | €51k | ▼ 56.4% |
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
28-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-06
Financial
Highest result since 2021net €163k ▲127%
Operating result €206k, net result €163k, both a record.
31-01
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-06
Financial
Equity above €200kEq €235k ▲44%
4 profitable years in a row build equity to €235k.
03-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-06
Financial
Equity above €150kEq €163k ▲81.7%
3 profitable years in a row build equity to €163k.
27-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-06
Financial
Weakest financial yearnet €39k ▼17.5%
Net result drops to €39k, the lowest in the series; recovery starts the following year.
26-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
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, Waregem · 1 establishment unit since 2019
Ground area
3,356 m²
Building footprint
319 m²
Volume, LiDAR
2,325 m³
Parcel 34035A0378/00A000, Flanders · tallest building 20.6 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
De Porcherie
since 20192.296.032.065
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34035A0378/00A000 | Flanders | 3,356 m² | 1 · 319 m² | 20.6 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.
Public money · subsidies and aid
Flemish government
2024 to 2025 · 2 entries · 1,489 EUR awarded · 1,489 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,275 EUR | 1,275 EUR |
| 2024 | 1 | 214 EUR | 214 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Food safety, FASFC
1 siteWaregem2.296.032.065
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Of 14,009 companies in sector 56301 we hold annual accounts for 4,892. 2,285 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
Founded25-11-2019
Fiscal year end30-06
Activities, NACEBEL 2025
56301Cafés and bars
46341Wholesale of wines and spirits
56111Full-service restaurants
56112Limited-service restaurants, excluding mobile food services
56210Event catering
82300Organisation of conventions and trade shows
Scores and ratios are computed by Checked and are not a credit decision.