ISCOFUNDIS
ActiveThe computed 12-month bankruptcy probability of ISCOFUNDIS is 1.7% (moderate). The 2024 annual accounts show equity of €123k and a net result of €-67k. Equity is growing by ~19.2% per year across the filed fiscal years. Its solvency ranks better than 36% of 18940 sector peers (fiscal year 2024). The company has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
38
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability13▼-8
Solvency38▼-5
Growth52=
Track record100
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €4.5k at 30 days only on tighter terms
Liquidity short (current ratio 0.09 against 0.4 in 2023; short-term debt: 25.9% and cash: 0.2% of total assets), and 87% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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
Sector 56
higher
← 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
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 2024Solvency, return and age of the figures
Solvency
13%
Return on assets
-7.1%
Age of the figures
21 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year €-67k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 07-06-2025, 54 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
54 d early
2023
30 d late
2022
30 d late
2021
34 d early
2020
26 d late
2019
36 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€123k▼ 35.4%
2023 · €190k
2018: €45k
2019: €78k
2020: €92k
2021: €234k
2022: €250k
2023: €190k
2018 → 2024
Total assets
€942k▼ 13.2%
2023 · €1.09M
2018: €1.08M
2019: €1.10M
2020: €1.05M
2021: €1.18M
2022: €1.12M
2023: €1.09M
2018 → 2024
Net result
€-67k▼ 12.0%
2023 · €-60k
2018: €126k
2019: €33k
2020: €14k
2021: €142k
2022: €39k
2023: €-60k
2018 → 2024
Working capital
€-222k▼ 50.8%
2023 · €-147k
2018: €-148k
2019: €-125k
2020: €-17
2021: €12k
2022: €-38k
2023: €-147k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€92k-€234k▲ 155%€250k▲ 6.8%€190k▼ 24.0%€123k▼ 35.4%
Operating result€42k-€220k▲ 424%€75k▼ 65.8%€-29k€-36k▼ 27.1%
Net result€14k-€142k▲ 934%€39k▼ 72.8%€-60k€-67k▼ 12.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €36k in 2024 against €29k in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €942k
Fixed assets
€919k▼ 6.7%
Current assets
€22k▼ 77.9%
Equity and liabilities €942k
Equity
€123k▼ 35.4%
Debt
€819k▼ 8.5%
The debt ratio rises from 82.5% to 87.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
€23k▼
2023 · €34k
Cash flow
€-8k▼
2023 · €3k
Solvency
13.0%▼
2023 · 17.5%
Current ratio
0.09▼
2023 · 0.40
Quick ratio
0.09▼
2023 · 0.37
Debt / equity
6.67▲
2023 · 4.71
ROE
-54.7%▼
2023 · -31.6%
ROA
-7.1%▼
2023 · -5.5%
Interest coverage
0.43▼
2023 · 1.09
Debt
€819k▼
2023 · €895k
Debt ≤ 1 year
€244k▼
2023 · €247k
Debt > 1 year
€572k▼
2023 · €648k
Income taxes
€477▲
2023 · €0
Staff costs
€18k▼
2023 · €135k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€1.09M€942k▼
Fixed assets21/28€985k€919k▼
Tangible fixed assets22/27€984k€919k▼
Land and buildings22€954k€906k▼
Plant, machinery and equipment23€12k€7k▼
Furniture and vehicles24€18k€6k▼
Financial fixed assets28€800€800=
Current assets29/58€100k€22k▼
Stocks and contracts in progress3€8k€0▼
Stocks30/36€8k€0▼
Amounts receivable within one year40/41€74k€21k▼
Trade receivables40€0€0▼
Other amounts receivable41€74k€21k▼
Cash at bank and in hand54/58€18k€2k▼
Deferred charges and accrued income490/1€182€0▼
Equity and liabilities
Total equity and liabilities10/49€1.09M€942k▼
Equity10/15€190k€123k▼
Contributions10/11€19k€19k=
Reserves13€231k€231k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€230k€230k=
Profit (loss) carried forward14€-60k€-127k▼
Amounts payable17/49€895k€819k▼
Amounts payable after more than one year17€648k€572k▼
Financial debts170/4€648k€572k▼
Amounts payable within one year42/48€247k€244k▼
Current portion of amounts payable after more than one year42€110k€56k▼
Trade debts44€33k€32k▼
Suppliers440/4€33k€32k▼
Taxes, remuneration and social security45€41k€2k▼
Taxes450/3€29k€2k▼
Remuneration and social security454/9€12k€256▼
Other amounts payable47/48€63k€153k▲
Accrued charges and deferred income492/3€70€3k▲
Income statement
Code20232024
Non-recurring operating income76A-€22k
Remuneration, social security and pensions62€135k€18k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€63k€59k▼
Other operating charges640/8€26k€13k▼
Non-recurring operating charges66A€1k€0▼
Gross operating margin9900€197k€53k▼
Operating profit (loss)9901€-29k€-36k▼
Financial income75/76B€1€22k▲
Recurring financial income75€1€22k▲
Financial charges65/66B€31k€52k▲
Recurring financial charges65€31k€52k▲
Profit (loss) for the period before taxes9903€-60k€-67k▼
Income taxes67/77€0€477▲
Profit (loss) for the period9904€-60k€-67k▼
Profit (loss) for the period to be appropriated9905€-60k€-67k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-60k€-127k▼
Profit (loss) brought forward from the previous period14P-€-60k
Transfer from equity791/2€0-
Transfer to equity691/2€0-
To other reserves6921€0-
Profit to be distributed694/7€0-
Return on contributions (dividend)694€0-
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
07-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-67k
Net result drops to €-67k, the lowest in the series.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €142k ▲934%
Operating result €220k, net result €142k, both a record.
31-12
Financial
Equity above €200kEq €234k ▲155%
4 profitable years in a row build equity to €234k.
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
2020
25-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
2016
29-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Ninove · 1 establishment unit since 2013
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.
Brakelsesteenweg 2 A9400 NinoveGround area
682 m²
Building footprint
361 m²
Volume, LiDAR
3,378 m³
2 parcels, Flanders · tallest building 16.0 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Iscofundis
since 20132.217.414.456
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41362B1695/00G002 | Flanders | 374 m² | 1 · 169 m² | 9.5 m · 2 fl. |
| 41302C0988/00T002 | Flanders | 307 m² | 1 · 192 m² | 16.0 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 14,028 companies in sector 56301 we hold annual accounts for 4,894. 3,538 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded10-12-2003
Fiscal year end31-12
Activities, NACEBEL
55401
56301Cafés and bars
Sources
Crossroads Bank for EnterprisesNational Bank · 21 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.