Equity
Equity fell by 44% in 9 years.
Equity fell by 44% in 9 years.
Latest accounts filed late: after the legal deadline.
Higher solvency than 94% of companies in head offices and management consultancy. Sector median 55.5% · 39,368 companies.
The dashed line is the sector median: 0.1% across 48,570 companies (NACE 70, micro).
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
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 70, micro). It does better than 86% of them on solvency, 37% on liquidity, 22% on profitability and 50% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
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).
In July 2024, 17,041 companies had the same profile as ISCOTT has now. Each dot stands for 43 companies, two years later.
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of ISCOTT itself is higher: 3.2% within 12 months. It rests on far more data about ISCOTT than the profile alone.
The method was tested on the 497,447 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 17,041 companies, not a prediction for ISCOTT. 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.
Liquidity is ample, with a current ratio of 19.84 (28.54 in 2024), above the usual 1.5. Short-term debt is 5% and cash 0.5% of total assets. 5% of the assets are financed with debt and provisions.
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.
The company filed its last 7 accounts on average 90 days after the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| ISCOTT Tournai | €335,923 | -€5,286 | 95.0% | - |
| MARCOTECH Mons | €306,547 | €1,027 | 30.7% | 0 |
| BUREAU M.B. EXPERT COMPTABLE Beloeil | €331,545 | -€6,143 | 86.7% | - |
| TRAMWAY 21 Montigny-le-Tilleul | €323,965 | -€89,245 | 90.1% | 0 |
| VERT-VIPEC Celles (lez-Tournai) | €430,157 | -€9,629 | 29.3% | - |
| INVESTPARKS Ath | €276,051 | -€9,956 | 62.9% | - |
| VIRTUAL FIDELITY CONSULTING Antwerp | €350,141 | -€17,942 | 93.8% | - |
These companies have the same main activity as ISCOTT: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €276,000 and €430,000, founded between 2001 and 2007.
ISCOTT files the micro format. That format states no turnover. The gross margin fell from -€326 in 2007 to -€5,286 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them.
Higher than 94% of 39,368 companies in 2025.
Higher than 95% of 38,051 companies in 2025.
Higher than 29% of 38,523 companies in 2025.
Net result: middle half · Equity: top quarter · Balance sheet total: middle half · Working capital: top quarter
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||||||||||
20/58 |
335,923 | 316,305 | 305,398 | 272,059 | 191,486 | 199,401 | 286,124 | 328,718 | 405,211 | 1.0m | 912,425 | 913,240 | 922,739 | 973,028 | 975,655 | 117,656 | 396,299 | 380,151 | 350,313 | |
21/28 |
484 | - | 100,000 | 50,990 | 990 | 990 | 990 | 990 | 990 | 1.0m | 900,990 | 900,990 | 900,990 | 900,990 | 900,990 | 109,200 | 109,200 | 105,000 | 105,408 | |
22/27 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 408 | |
23 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 408 | |
28 |
484 | - | 100,000 | 50,990 | 990 | 990 | 990 | 990 | 990 | 1.0m | 900,990 | 900,990 | 900,990 | 900,990 | 900,990 | 109,200 | 109,200 | 105,000 | 105,000 | |
29/58 |
335,439 | 316,305 | 205,398 | 221,069 | 190,496 | 198,411 | 285,134 | 327,728 | 404,221 | 12,529 | 11,435 | 12,250 | 21,749 | 72,038 | 74,665 | 8,456 | 287,099 | 275,151 | 244,905 | |
29 |
- | 484 | 484 | 484 | 40,615 | 79,652 | 117,622 | 484 | 484 | 484 | 484 | 484 | 484 | 484 | 484 | 484 | - | - | - | |
291 |
- | 484 | 484 | 484 | 40,615 | 79,652 | 117,622 | 484 | 484 | 484 | 484 | 484 | 484 | 484 | 484 | 484 | - | - | - | |
40/41 |
333,915 | 315,536 | 203,909 | 206,843 | 145,717 | 90,288 | 133,094 | 98,519 | 397,984 | 11,904 | 10,712 | 11,557 | 20,857 | 71,165 | 73,873 | - | 268,595 | 256,991 | 243,445 | |
40 |
3,000 | 3,000 | - | - | - | 1,441 | 5,550 | 12,250 | 2,750 | 3,050 | - | - | - | 908 | - | - | - | 831 | 831 | |
41 |
330,915 | 312,536 | 203,909 | 206,843 | 145,717 | 88,848 | 127,544 | 86,269 | 395,234 | 8,854 | 10,712 | 11,557 | 20,857 | 70,257 | 73,873 | - | 268,595 | 256,160 | 242,614 | |
54/58 |
1,524 | 285 | 951 | 13,692 | 4,114 | 28,422 | 34,338 | 228,645 | 5,660 | 65 | 163 | 117 | 317 | 301 | 222 | 7,890 | 18,504 | 18,160 | 1,460 | |
490/1 |
- | - | 54 | 50 | 50 | 50 | 79 | 79 | 94 | 77 | 76 | 91 | 90 | 88 | 85 | 82 | - | - | - | |
| Balance sheet: equity and liabilities | ||||||||||||||||||||
10/49 |
335,923 | 316,305 | 305,398 | 272,059 | 191,486 | 199,401 | 286,124 | 328,718 | 405,211 | 1.0m | 912,425 | 913,240 | 922,739 | 973,028 | 975,655 | 117,656 | 396,299 | 380,151 | 350,313 | |
10/15 |
319,015 | 305,223 | 298,657 | 224,636 | 189,644 | 199,054 | 204,344 | 305,475 | 296,555 | 571,222 | 568,191 | 554,178 | 557,587 | 561,577 | 564,646 | 43,670 | 52,752 | 43,545 | 34,217 | |
10/11 |
18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
100 |
- | - | - | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
13 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,243 | |
130/1 |
- | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,243 | |
1311 |
- | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
133 |
1,860 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
14 |
298,555 | 284,763 | 278,197 | 204,176 | 169,184 | 178,594 | 183,884 | 285,015 | 276,095 | 550,762 | 547,731 | 533,718 | 537,127 | 541,117 | 544,186 | 23,210 | 32,292 | 23,085 | 14,374 | |
17/49 |
16,908 | 11,081 | 6,741 | 47,423 | 1,842 | 348 | 81,780 | 23,243 | 108,656 | 442,297 | 344,233 | 359,061 | 365,152 | 411,450 | 411,009 | 73,986 | 343,548 | 336,606 | 316,096 | |
42/48 |
16,908 | 11,081 | 6,741 | 47,423 | 1,842 | 348 | 81,780 | 23,243 | 108,656 | 442,297 | 344,233 | 359,061 | 365,152 | 411,450 | 411,009 | 73,986 | 343,548 | 336,606 | 316,096 | |
44 |
8,286 | 4,064 | 603 | 3,423 | 1,842 | 348 | 5,786 | 14,395 | 4,182 | 1,524 | 460 | 262 | 318 | 1,430 | 989 | 4,634 | 348 | 3,382 | 4,789 | |
440/4 |
8,286 | 4,064 | 603 | 3,423 | 1,842 | 348 | 5,786 | 14,395 | 4,182 | 1,524 | 460 | 262 | 318 | 1,430 | 989 | 4,634 | 348 | 3,382 | 4,789 | |
45 |
8,622 | 7,017 | 6,138 | - | - | - | - | 8,848 | - | - | - | - | - | - | - | 8,851 | 8,851 | 7,517 | 2,503 | |
450/3 |
8,622 | 7,017 | 6,138 | - | - | - | - | 8,848 | - | - | - | - | - | - | - | 8,851 | 8,851 | 7,517 | 2,503 | |
47/48 |
- | - | - | 44,000 | - | - | 75,995 | - | 104,474 | 440,774 | 343,774 | 358,799 | 364,834 | 410,021 | 410,021 | 60,501 | 334,349 | 325,707 | 308,804 | |
| Income statement | ||||||||||||||||||||
76A |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 3,382 | - | - | |
9900 |
-5,286 | -7,553 | 17,303 | 25,515 | -14,478 | -2,940 | -30,323 | 12,618 | 1,237 | 3,956 | 15,347 | -2,369 | -2,571 | -2,579 | -4,745 | -4,076 | - | 2,826 | -326 | |
630 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 408 | 415 | |
640/8 |
1,671 | 387 | 384 | 348 | 348 | 6,607 | 348 | 868 | 868 | 868 | 957 | 957 | 957 | 437 | 437 | 348 | 348 | - | 466 | |
66A |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1,429 | - | - | |
9901 |
-6,957 | -7,940 | 16,919 | 25,167 | -14,825 | -9,548 | -30,671 | 11,750 | 369 | 3,088 | 14,390 | -3,326 | -3,528 | -3,015 | -5,182 | -4,424 | -348 | 2,418 | -1,207 | |
75/76B |
17,250 | 15,564 | 63,419 | 10,024 | 5,457 | 4,300 | 4,809 | 225 | - | - | - | - | - | - | 12 | 124 | 13,414 | 13,877 | 21,681 | |
75 |
17,250 | 15,564 | 9,755 | 10,024 | 5,457 | 4,300 | 4,809 | 225 | - | - | - | - | - | - | 12 | 124 | 13,414 | 13,877 | 21,681 | |
76B |
- | - | 53,664 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
65/66B |
73 | 178 | 179 | 199 | 41 | 42 | 269 | 543 | 275,036 | 57 | 377 | 82 | 463 | 53 | 1,064 | 4,764 | 4,442 | 1,905 | - | |
65 |
73 | 178 | 179 | 199 | 41 | 42 | 269 | 543 | 36 | 57 | 377 | 82 | 463 | 53 | 1,064 | 4,764 | 4,442 | 1,905 | - | |
66B |
- | - | - | - | - | - | - | - | 275,000 | - | - | - | - | - | - | - | - | - | - | |
9903 |
10,221 | 7,446 | 80,159 | 34,992 | -9,410 | -5,290 | -26,130 | 11,432 | -274,667 | 3,031 | 14,013 | -3,408 | -3,990 | -3,068 | -6,233 | -9,063 | 10,577 | 14,390 | 20,474 | |
67/77 |
-3,571 | 879 | 6,138 | - | - | - | - | 2,512 | - | - | - | - | - | - | 1 | 19 | 1,371 | 5,062 | 2,504 | |
9904 |
13,792 | 6,567 | 74,021 | 34,992 | -9,410 | -5,290 | -26,130 | 8,919 | -274,667 | 3,031 | 14,013 | -3,408 | -3,990 | -3,068 | -6,235 | -9,082 | 9,206 | 9,328 | 17,970 | |
9905 |
13,792 | 6,567 | 74,021 | 34,992 | -9,410 | -5,290 | -26,130 | 8,919 | -274,667 | 3,031 | 14,013 | -3,408 | -3,990 | -3,068 | -6,235 | -9,082 | 9,206 | 9,328 | 17,970 | |
| Appropriation of the result | ||||||||||||||||||||
9906 |
298,555 | 284,763 | 278,197 | 204,176 | 169,184 | 178,594 | 258,884 | 285,015 | 276,095 | 550,762 | 547,731 | 533,718 | 537,127 | 541,117 | 544,186 | 23,210 | 32,292 | 23,702 | 15,273 | |
14P |
284,763 | 278,197 | 204,176 | 169,184 | 178,594 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
691/2 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 617 | 899 | |
6920 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 617 | 899 | |
694/7 |
- | - | - | - | - | - | 75,000 | - | - | - | - | - | - | - | - | - | - | - | - | |
694 |
- | - | - | - | - | - | 75,000 | - | - | - | - | - | - | - | - | - | - | - | - | |
| Document | ||||||||||||||||||||
The accounts for 3 older financial years (2004-2006) were filed as documents without figures as data, scans for example.
The notes to these accounts have 4 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 09-10-2026.
2025 annual accounts filed 70 days after the deadline. Filed on 9 October 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00552236.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 09-10-2026 | 2026-00552236 | |
| 31-12-2024 | micro format | 04-11-2025 | 2025-00562921 | |
| 31-12-2023 | micro format | 10-09-2025 | 2025-00489548 | |
| 31-12-2022 | micro format | 27-07-2023 | 2023-00288379 | |
| 31-12-2021 | micro format | 31-08-2022 | 2022-20392349 | |
| 31-12-2020 | micro format | 08-07-2021 | 2021-33100294 | |
| 31-12-2019 | micro format | 22-09-2020 | 2020-54800381 | |
| 31-12-2018 | micro format | 26-07-2019 | 2019-40800526 | |
| 31-12-2017 | micro format | 28-09-2018 | 2018-68500324 | |
| 31-12-2016 | micro format | 31-07-2017 | 2017-40000485 | |
| 31-12-2015 | full format | 29-07-2016 | 2016-39300158 | |
| 31-12-2014 | full format | 30-09-2015 | 2015-62900006 | |
| 31-12-2013 | full format | 25-06-2014 | 2014-22200358 | |
| 31-12-2012 | full format | 31-05-2013 | 2013-14400069 | |
| 31-12-2011 | full format | 31-07-2012 | 2012-37600106 | |
| 31-12-2010 | full format | 02-08-2011 | 2011-37300544 | |
| 31-12-2009 | full format | 29-06-2011 | 2011-23600081 | |
| 31-12-2008 | full format | 03-01-2011 | 2011-00300011 | |
| 31-12-2007 | full format | 03-01-2011 | 2011-00300008 | |
| 31-12-2006 | full format | 30-03-2007 | 2007-10801516 | |
| 31-12-2005 | full format | 05-07-2006 | 2006-41002569 | |
| 31-12-2004 | full format | 18-10-2005 | 2005-82805136 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 2,826 | -792 | ||
| - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 9,736 | 18,385 | ||
| 484 | - | 50,000 | 50,000 | - | - | - | - | - | 100,000 | - | - | - | - | - | - | 4,200 | 0 | - | ||
| 1,239 | -666 | -12,742 | 9,579 | -24,308 | -5,917 | -194,307 | 222,986 | 5,595 | -98 | 45 | -200 | 16 | 79 | -7,667 | -10,614 | 344 | 16,700 | - | ||
| 318,531 | 305,223 | 198,657 | 173,646 | 188,654 | 198,064 | 203,354 | 304,485 | 295,565 | -429,768 | -332,799 | -346,812 | -343,403 | -339,413 | -336,344 | -65,530 | -56,448 | -61,455 | -71,191 | ||
| 95.0% | 96.5% | 97.8% | 82.6% | 99.0% | 99.8% | 71.4% | 92.9% | 73.2% | 56.4% | 62.3% | 60.7% | 60.4% | 57.7% | 57.9% | 37.1% | 13.3% | 11.5% | 9.8% | ||
| 19.84 | 28.54 | 30.47 | 4.66 | - | - | 3.49 | 14.10 | 3.72 | 0.03 | 0.03 | 0.03 | 0.06 | 0.18 | 0.18 | 0.11 | 0.84 | 0.82 | 0.77 | ||
| 0.05 | 0.04 | 0.02 | 0.21 | 0.01 | 0.00 | 0.40 | 0.08 | 0.37 | 0.77 | 0.61 | 0.65 | 0.65 | 0.73 | 0.73 | 1.69 | 6.51 | 7.73 | 9.24 | ||
| 4.3% | 2.2% | 24.8% | 15.6% | -5.0% | -2.7% | -12.8% | 2.9% | -92.6% | 0.5% | 2.5% | -0.6% | -0.7% | -0.5% | -1.1% | -20.8% | 17.5% | 21.4% | 52.5% | ||
| 4.1% | 2.1% | 24.2% | 12.9% | -4.9% | -2.7% | -9.1% | 2.7% | -67.8% | 0.3% | 1.5% | -0.4% | -0.4% | -0.3% | -0.6% | -7.7% | 2.3% | 2.5% | 5.1% |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Financial fixed assets | €484 | - | €50,000 | €50,000 | - |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is a loss of €6,957, smaller than the loss of €7,940 in 2024.
Debt's share of the balance-sheet total rises from 3.5% to 5.0%. Equity and debt are higher.
• S’il n’existe qu’un seul administrateur, par l’administrateur unique agissant seul ; - s’il existe plusieurs administrateurs, par les administrateurs agissant ensemble ou séparément, *sans limitation de pouvoirs ; - soit, mais dans les limites de la gestion journalière, par le ou les délégués à cette gestion, agissant seul. Ces représentants n'ont pas à justifier vis-à-vis des tiers d'une décision préalable de l’organe d’administration collégial. En outre, la société est valablement engagée par des mandataires spéciaux dans les limites de leur mandat.
Source: list of holdings in its own 2023 accounts. The amounts are in that list and come from the holdings' accounts at 30-09-2024, in their own currency.
The network starts from the directors of ISCOTT. Every other company they run is a node.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Rue Carlos Gallaix 191 registered office 7521 Tournai | ||
| Egide Van Ophemstraat 40A 1180 Uccle | 18-08-2025 | 2.378.774.649 |
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21616G0176/00N002 | Brussels | 2,094 m² | 1 · 2,233 m² | 19.1 m · 4 |
| 57021A0038/00D000 | Wallonia | 647 m² | 1 · 268 m² | 13.3 m · 3 |
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