ISCO
ActiveSummary
ISCO has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €60,750 and a net result of €51,691. Equity is shrinking by ~7.6% per year across the filed fiscal years. Its solvency ranks better than 40% of 17220 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency73▲+41
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5,000 at 30 days acceptable
Liquidity tight (current ratio 1.4 against 0.67 in 2024; short-term debt: 42.6% and cash: 30.8% of total assets), and 52.3% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer 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
47.7%
Return on assets
40.6%
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 07-11-2025, 85 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
85 d early
2024
86 d early
2023
29 d early
2022
61 d early
2021
6 d early
2020
9 d early
2019
24 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 43 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% of the sector filed late.
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. Usually files around 1 December (4 of the last 5 filed years within 32 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close29-09-2026 today31-01-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
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Financials · fiscal year 2025, micro schema
Equity
€60,750▲ 571%
2024 · €9,059
Total assets
€127,411▼ 8.0%
2024 · €138,466
Net result
€51,691▼ 18.0%
2024 · €63,043
Working capital
€21,816
2024 · -€35,347
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, 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€30,328▼ 34.7%€49,717▲ 63.9%€75,736▲ 52.3%€79,535▲ 5.0%€66,700▼ 16.1%
Net result€22,657within the sector's middle half▼ 36.6%€37,976within the sector's middle half▲ 67.6%€59,356above the sector's middle half▲ 56.3%€63,043above the sector's middle half▲ 6.2%€51,691within the sector's middle half▼ 18.0%
Equity€113,041within the sector's middle half▲ 25.1%€57,217within the sector's middle half▼ 49.4%€81,573within the sector's middle half▲ 42.6%€9,059below the sector's middle half▼ 88.9%€60,750within the sector's middle half▲ 571%
Total assets€143,268within the sector's middle half▲ 8.1%€167,510within the sector's middle half▲ 16.9%€100,338within the sector's middle half▼ 40.1%€138,466within the sector's middle half▲ 38.0%€127,411within the sector's middle half▼ 8.0%
Debt€30,227▼ 28.3%€110,293▲ 265%€18,765▼ 83.0%€129,407▲ 590%€66,661▼ 48.5%
Working capital€98,162within the sector's middle half▲ 35.7%€52,367within the sector's middle half▼ 46.7%€80,531within the sector's middle half▲ 53.8%-€35,347below the sector's middle half€21,816within the sector's middle half
Solvency78.9%within the sector's middle half▲ 10.7pp34.2%within the sector's middle half▼ 44.7pp81.3%above the sector's middle half▲ 47.1pp6.5%below the sector's middle half▼ 74.8pp47.7%within the sector's middle half▲ 41.1pp
Current ratio4.25within the sector's middle half▲ 1.351.48within the sector's middle half▼ 2.775.31above the sector's middle half▲ 3.840.67below the sector's middle half▼ 4.651.40within the sector's middle half▲ 0.73
Return on assets (ROA)15.8%within the sector's middle half▼ 11.1pp22.7%within the sector's middle half▲ 6.9pp59.2%above the sector's middle half▲ 36.5pp45.5%above the sector's middle half▼ 13.6pp40.6%above the sector's middle half▼ 5.0pp
above
within
below
the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, 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 falls in 2025; 2025 is 16% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €127,411
Fixed assets
€51,334 ▼ 23.3%
Current assets
€76,077 ▲ 6.3%
Equity and liabilities €127,411
Equity
€60,750 ▲ 571%
Debt
€66,661 ▼ 48.5%
Debt's share of the balance-sheet total falls from 93.5% to 52.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€82,290▼
2024 · €89,024
Cash flow
€67,281▼
2024 · €72,532
Debt to equity
1.10▼
2024 · 14.28
ROE
85.1%▼
2024 · 695.9%
Interest coverage
69.93▲
2024 · 59.74
Debt ≤ 1 year
€54,261▼
2024 · €106,889
Debt > 1 year
€12,300▼
2024 · €22,418
Income taxes
€13,838▼
2024 · €15,002
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,975 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
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 26,975 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10,005 | €9,929 | €3,402 | €9,489 | €15,590 | ▲ 64.3% |
| Other operating charges640/8 | - | €406 | €429 | €785 | €673 | ▼ 14.3% |
| Non-recurring operating charges66A | - | - | €407 | - | - | - |
| Gross operating margin9900 | €40,736 | €60,053 | €79,974 | €89,810 | €82,962 | ▼ 7.6% |
| Operating profit (loss)9901 | €30,328 | €49,717 | €75,736 | €79,535 | €66,700 | ▼ 16.1% |
| Financial income75/76B | - | €0 | - | €0 | €6 | ▲ 59,900% |
| Recurring financial income75 | €7 | €0 | - | €0 | €6 | ▲ 59,900% |
| Financial charges65/66B | - | €166 | €116 | €1,490 | €1,177 | ▼ 21.0% |
| Recurring financial charges65 | €405 | €166 | €116 | €1,490 | €1,177 | ▼ 21.0% |
| Profit (loss) for the period before taxes9903 | €29,930 | €49,551 | €75,620 | €78,045 | €65,529 | ▼ 16.0% |
| Income taxes67/77 | €7,273 | €11,575 | €16,265 | €15,002 | €13,838 | ▼ 7.8% |
| Profit (loss) for the period9904 | €22,657 | €37,976 | €59,356 | €63,043 | €51,691 | ▼ 18.0% |
| Profit (loss) for the period to be appropriated9905 | €22,657 | €37,976 | €59,356 | €63,043 | €51,691 | ▼ 18.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €143,268 | €167,510 | €100,338 | €138,466 | €127,411 | ▼ 8.0% |
| Fixed assets21/28 | €14,880 | €4,950 | €1,142 | €66,924 | €51,334 | ▼ 23.3% |
| Tangible fixed assets22/27 | €14,880 | €4,950 | €1,142 | €66,924 | €51,334 | ▼ 23.3% |
| Plant, machinery and equipment23 | - | - | - | €494 | €390 | ▼ 21.1% |
| Furniture and vehicles24 | - | €4,950 | €1,142 | €60,634 | €46,348 | ▼ 23.6% |
| Other tangible fixed assets26 | - | - | - | €5,796 | €4,596 | ▼ 20.7% |
| Current assets29/58 | €128,388 | €162,560 | €99,195 | €71,542 | €76,077 | ▲ 6.3% |
| Amounts receivable within one year40/41 | €19,166 | €31,724 | €41,306 | €17,834 | €35,592 | ▲ 99.6% |
| Trade receivables40 | - | €31,500 | €40,321 | €17,655 | €34,200 | ▲ 93.7% |
| Other amounts receivable41 | - | €224 | €984 | €178 | €1,392 | ▲ 681% |
| Cash at bank and in hand54/58 | €108,577 | €130,299 | €56,894 | €52,742 | €39,287 | ▼ 25.5% |
| Deferred charges and accrued income490/1 | - | €536 | €996 | €967 | €1,199 | ▲ 24.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €143,268 | €167,510 | €100,338 | €138,466 | €127,411 | ▼ 8.0% |
| Equity10/15 | €113,041 | €57,217 | €81,573 | €9,059 | €60,750 | ▲ 571% |
| Contributions10/11 | - | €18,600 | €18,600 | €7,199 | €7,199 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €53,551 | ▲ 2,779% |
| Non-distributable reserves130/1 | - | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | - | €1,860 | - | - | - | - |
| Distributable reserves133 | - | - | €1,860 | €1,860 | €53,551 | ▲ 2,779% |
| Profit (loss) carried forward14 | €98,781 | €36,757 | €61,113 | - | - | - |
| Amounts payable17/49 | €30,227 | €110,293 | €18,765 | €129,407 | €66,661 | ▼ 48.5% |
| Amounts payable after more than one year17 | - | - | - | €22,418 | €12,300 | ▼ 45.1% |
| Financial debts170/4 | - | - | - | €22,418 | €12,300 | ▼ 45.1% |
| Amounts payable within one year42/48 | €30,227 | €110,193 | €18,665 | €106,889 | €54,261 | ▼ 49.2% |
| Current portion of amounts payable after more than one year42 | - | €2,550 | €4,038 | €13,967 | €10,118 | ▼ 27.6% |
| Trade debts44 | €1,559 | €1,403 | €580 | €1,270 | €1,359 | ▲ 7.1% |
| Suppliers440/4 | - | €1,403 | €580 | €1,270 | €1,359 | ▲ 7.1% |
| Taxes, remuneration and social security45 | - | €2,449 | €9,273 | €16,089 | - | - |
| Taxes450/3 | - | €1,575 | €8,189 | €16,089 | - | - |
| Remuneration and social security454/9 | - | €873 | €1,085 | - | - | - |
| Other amounts payable47/48 | - | €103,791 | €4,773 | €75,564 | €42,784 | ▼ 43.4% |
| Accrued charges and deferred income492/3 | - | €100 | €100 | €100 | €100 | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €22,657 | €37,976 | €59,356 | €63,043 | €51,691 | ▼ 18.0% |
| + Depreciation and write-downs630 | €10,005 | €9,929 | €3,402 | €9,489 | €15,590 | ▲ 64.3% |
| Operating cash flow (approximation) | €32,662 | €47,905 | €62,757 | €72,532 | €67,281 | ▼ 7.2% |
| Investment in fixed assets (approximation) | - | €0 | €407 | -€75,271 | €0 | ▲ 100% |
| Change in cash | - | €21,723 | -€73,405 | -€4,152 | -€13,455 | ▼ 224% |
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
2025
07-11
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
30-06
Financial
Liquidity doublescurrent ratio 1.40
Current ratio from 0.67 to 1.40; short-term debt falls from €106,889 to €54,261.
2024
06-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
30-06
Financial
Highest result since 2019net €63,043 ▲6.2%
Operating result €79,535, net result €63,043, both a record.
02-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial
Liquidity quadruplescurrent ratio 5.31
Current ratio from 1.48 to 5.31; short-term debt falls from €110,193 to €18,665.
2022
01-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
25-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
Financial
Weakest financial yearnet €22,657 ▼36.6%
Net result drops to €22,657, the lowest in the series; recovery starts the following year.
30-06
Financial
Equity above €100,000Eq €113,041 ▲25.1%
3 profitable years in a row build equity to €113,041.
22-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
07-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Pepingen · 1 establishment unit since 2017
Ground area
1,085 m²
Building footprint
132 m²
Volume, LiDAR
617 m³
Parcel 23064F0052/00D000, Flanders · tallest building 8.3 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
ISCO
since 20172.275.257.239
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23064F0052/00D000 | Flanders | 1,085 m² | 1 · 132 m² | 8.3 m · 1 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.
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Of 30,009 companies in sector 62200 we hold annual accounts for 18,399. 15,469 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
Founded24-10-2017
Fiscal year end30-06
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
62900Other information technology and computer services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0683646892
Also
9925:BE0683646892
Registered
20-03-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.