ISEF
The computed 12-month bankruptcy probability of ISEF is 4.4% (elevated). The 2023 annual accounts show negative equity (€-51k) and a net result of €-17k. Equity is shrinking by ~54.7% per year across the filed fiscal years. Its solvency ranks better than 5% of 5705 sector peers (fiscal year 2023). The company has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €-51k |
| Net result | €-17k |
| Better than sector | 5% |
| Active | 14 yrs |
Mixed profile: strong on profitability, weaker on health.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
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The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | -725.0% | 20.1% | |
| Net result | €-17k | €3k | |
| Equity | €-51k | €15k | |
| Gross operating margin | €-14k | €23k | |
| Total assets | €7k | €92k |
| Fiscal year | 2023 |
|---|---|
| Revenue | - |
| EBITDA | - |
| Net profit | €-17k |
| Cash flow | - |
| Staff costs | - |
| Income taxes | - |
| Dividends | - |
| Total assets | €7k |
| Equity | €-51k |
| Debt | €58k |
| of which ≤ 1y | €58k |
| of which > 1y | - |
| Working capital | €-51k |
| Employees (FTE) | - |
| 2023 | |
|---|---|
| Current ratio | 0.12 |
| Quick ratio | 0.03 |
| Working capital ratio | -725.7% |
| Solvency | -725.0% |
| Debt / equity | -1.14 |
| Long-term debt ratio | - |
| Interest coverage | - |
| Gross margin | - |
| Net margin | - |
| ROA | -237.1% |
| ROE | 32.7% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
| Line item | Code | 2023 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €7k |
| Fixed assets | 21/28 | €50 |
| Financial fixed assets | 28 | €50 |
| Current assets | 29/58 | €7k |
| Stocks & contracts in progress | 3 | €5k |
| Amounts receivable within one year | 40/41 | €623 |
| Cash & bank | 54/58 | €1k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €7k |
| Equity | 10/15 | €-51k |
| Contributions / capital | 10/11 | €12k |
| Reserves | 13 | €2k |
| Accumulated profits (losses) | 14 | €-65k |
| Amounts payable | 17/49 | €58k |
| Amounts payable within one year | 42/48 | €58k |
| Trade debts payable within one year | 44 | €14k |
| Income statement | ||
| Gross operating margin | 9900 | €-14k |
| Operating result | 9901 | €-15k |
| Financial charges | 65 | €1k |
| Result before taxes | 9903 | €-17k |
| Net result for the period | 9904 | €-17k |
| Result to be appropriated | 9905 | €-17k |
-
Current01-10-2025 → present
-
Current01-10-2020 → present
Historic, not recently confirmed (1)
-
Not recently confirmedlast confirmed in an act from 2014
2 events
- 30-06-2018 Resigned· Managing director
- 01-07-2013 Appointed· Managing director
Former directors (6)
-
Former01-07-2023 → 30-09-2025
3 events
- 30-09-2025 Resigned· Director
- 18-01-2024 Appointed· Director
- 01-07-2023 Appointed· Director
-
Former01-10-2020 → 30-06-2023
2 events
- 30-06-2023 Resigned· Managing director
- 01-10-2020 Appointed· Director
-
Former- → 30-06-2023
-
Former01-07-2018 → 30-09-2020
2 events
- 30-09-2020 Resigned· Managing director
- 01-07-2018 Appointed· Managing director
-
Former- → 30-06-2013
-
Former- → 30-06-2013
| NACE primary | Non-specialised food retail(47110) |
| Legal form | Private limited company(610) |
| Incorporation | 09-08-2011 |
| Status | Active |
| Postal code | 1030 |
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21906D0125/00F004 | Brussels | 96 m² | 1 · 85 m² | 20.3 m · 6 fl. |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
29-01-2026 Transaction in capital or shares
Technical details
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"amount_type": "onbekend",
"effective_date": "2025-10-01",
"evidence_quote": "L\u0027Assembl\u00E9e accepte ensuite la cession des actions de Monsieur YANEV Svilen \u00E0 monsieur Aysun HALIT. La r\u00E9partition des parts au 01/10/2025 sera donc: Monsieur Aysun Aydan HALIT 186 actions Administrateur Soit au total 186 actions.",
"contribution_type": "in_kind"
}
],
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"subject_company": {
"kbo": "0838.439.591",
"name_full": "ISEF",
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}
}18-01-2024 Articles of association amended
Technical details
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"bedrijfsrevisor": null,
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"signature_regime": "solo",
"special_mandates": [],
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}10-08-2023 1 director appointed, 2 resigning
- YANEV Svilen, Bestuurder
- Sevgyuzel Beyzat MUSTAFA, Gedelegeerd bestuurder
- Aysun Halit MUSTAFA, Gedelegeerd bestuurder
Technical details
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},
"effective_date": "2023-06-30",
"evidence_quote": "L\u0027Assembl\u00E9e G\u00E9n\u00E9rale Extraordinaire du 30 juin 2023 accepte la d\u00E9mission de madame Sevgyuzel Beyzat MUSTAFA et Monsieur Aysun Halit MUSTAFA, Chauss\u00E9e de Haecht 291 \u00E0 1030 Schaerbeek de leurs postes de g\u00E9rant (administrateur) \u00E0 dater de ce 30 juin 2023."
},
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"kind": "director_out",
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"effective_date": "2023-06-30",
"evidence_quote": "L\u0027Assembl\u00E9e G\u00E9n\u00E9rale Extraordinaire du 30 juin 2023 accepte la d\u00E9mission de madame Sevgyuzel Beyzat MUSTAFA et Monsieur Aysun Halit MUSTAFA, Chauss\u00E9e de Haecht 291 \u00E0 1030 Schaerbeek de leurs postes de g\u00E9rant (administrateur) \u00E0 dater de ce 30 juin 2023."
},
{
"kind": "director_in",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "YANEV Svilen",
"address": null,
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},
"effective_date": "2023-07-01",
"evidence_quote": "L\u0027Assembl\u00E9e nomme ensuite Monsieur YANEV Svilen, Blekerijstraat 94 \u00E0 8870 Izegem comme administrateur de la soci\u00E9t\u00E9 \u00E0 partir du premier juillet 2023."
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],
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}05-11-2020 2 directors appointed, 1 resigning
- MUSTAFA Aysun Halit, Bestuurder
- MEMDUN Savgyuzel Beyzat, Bestuurder
- MARINOVA Sevda Rashkova, Gedelegeerd bestuurder
Technical details
{
"events": [
{
"kind": "director_out",
"role": "gedelegeerd_bestuurder",
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"rrn": null,
"name": "MARINOVA Sevda Rashkova",
"address": null,
"birth_date": null
},
"effective_date": "2020-09-30",
"evidence_quote": "L\u0027Assembl\u00E9e G\u00E9n\u00E9rale Extraordinaire du 30 septembre 2020 accepte la d\u00E9mission de madame Sevda Rashkova MARINOVA, Rue Van Dyck 90 \u00E0 1030 Schaerbeek de son poste de g\u00E9rant (administrateur) \u00E0 dater de ce 30 septembre 2020."
},
{
"kind": "director_in",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "MUSTAFA Aysun Halit",
"address": null,
"birth_date": null
},
"effective_date": "2020-10-01",
"evidence_quote": "L\u0027Assembl\u00E9e nomme ensuite Monsieur MUSTAFA Aysun Halit, Chauss\u00E9e de Haecht 291 \u00E0 1030 Schaerbeek et madame MEMDUN Savgyuzel Beyzat, Chauss\u00E9e de Haecht 291 \u00E0 1030 Schaerbeek comme administrateur de la soci\u00E9t\u00E9 \u00E0 partir du premier octobre 2020."
},
{
"kind": "director_in",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "MEMDUN Savgyuzel Beyzat",
"address": null,
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},
"effective_date": "2020-10-01",
"evidence_quote": "L\u0027Assembl\u00E9e nomme ensuite Monsieur MUSTAFA Aysun Halit, Chauss\u00E9e de Haecht 291 \u00E0 1030 Schaerbeek et madame MEMDUN Savgyuzel Beyzat, Chauss\u00E9e de Haecht 291 \u00E0 1030 Schaerbeek comme administrateur de la soci\u00E9t\u00E9 \u00E0 partir du premier octobre 2020."
}
],
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}13-07-2018 1 director appointed, 1 resigning
- Sevda Rashkova MARINOVA, Gedelegeerd bestuurder
- Rozalina PETROVA - HADZHIVASILEVA, Gedelegeerd bestuurder
Technical details
{
"events": [
{
"kind": "director_out",
"role": "gedelegeerd_bestuurder",
"person": {
"rrn": null,
"name": "Rozalina PETROVA - HADZHIVASILEVA",
"address": null,
"birth_date": null
},
"effective_date": "2018-06-30",
"evidence_quote": "Il r\u00E9sulte de l\u0027Assembl\u00E9e G\u00E9n\u00E9rale Extraordinaire du 30 juin 2018 que la d\u00E9mission de son poste de g\u00E9rant de madame Rozalina PETROVA - HADZHIVASILEVA, avenue G\u00E9n\u00E9ral Eisenhower 96 \u00E0 1030 Schaerbeek est accept\u00E9e ce trente juin 2018."
},
{
"kind": "director_in",
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"person": {
"rrn": null,
"name": "Sevda Rashkova MARINOVA",
"address": null,
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},
"effective_date": "2018-07-01",
"evidence_quote": "L\u0027Assembl\u00E9e G\u00E9n\u00E9rale Extraordinaire d\u00E9cide ensuite de nommer madame Sevda Rashkova MARINOVA, Rue Van Dyck 90 \u00E0 1030 Schaerbeek comme g\u00E9rant de la soci\u00E9t\u00E9 \u00E0 partir du 01 juillet 2018."
}
],
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"subject_company": {
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}
}29-10-2015 Transaction in capital or shares
Technical details
{
"events": [
{
"kind": "share_transfer",
"amount": 37,
"currency": "BEF",
"after_eur": null,
"delta_eur": null,
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"amount_type": "onbekend",
"effective_date": "2015-09-30",
"evidence_quote": "Monsieur IVANOV PETRE MARINOV c\u00E8de 37 parts sociales \u00E0 madame PETROVA-HADZHIVASILEVA Rozalina le 30/09/2015.",
"contribution_type": null
}
],
"schema": "v3.2",
"act_meta": {
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"subject_company": {
"kbo": "0838.439.591",
"name_full": "ISEF",
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}
}22-04-2015 Transaction in capital or shares
Technical details
{
"events": [
{
"kind": "share_transfer",
"amount": 19,
"currency": null,
"after_eur": null,
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"effective_date": "2014-08-06",
"evidence_quote": "Madame PETROVA-HADZHIVASILEVA Rozalina c\u00E8de 19 parts sociales \u00E0 Madame Zina ASENOVA GEORGIEVA, Rue des Palais 20 \u00E0 1030 Schaerbeek le 06/08/2014.",
"contribution_type": null
},
{
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"amount_type": "onbekend",
"effective_date": "2015-03-18",
"evidence_quote": "Madame Zina ASENOVA GEORGIEVA c\u00E8de 19 parts sociales \u00E0 madame PETROVA-HADZHIVASILEVA Rozalina le 18/03/2015.",
"contribution_type": null
}
],
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}
}07-03-2014 1 director appointed, 2 resigning
- PETROVA-HADZHIVASILEVA ROZALINA, Gedelegeerd bestuurder
- ISUF NEVIN SELYAYDIN, Gedelegeerd bestuurder
- TEZEL MEHMETALI, Gedelegeerd bestuurder
Technical details
{
"events": [
{
"kind": "director_out",
"role": "gedelegeerd_bestuurder",
"person": {
"rrn": null,
"name": "ISUF NEVIN SELYAYDIN",
"address": null,
"birth_date": null
},
"effective_date": "2013-06-30",
"evidence_quote": "Madame ISUF NEVIN SELYAYDIN d\u00E9missionne de son poste de g\u00E9rante au 30 juin 2013."
},
{
"kind": "director_in",
"role": "gedelegeerd_bestuurder",
"person": {
"rrn": null,
"name": "PETROVA-HADZHIVASILEVA ROZALINA",
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"birth_date": null
},
"effective_date": "2013-07-01",
"evidence_quote": "Madame PETROVA-HADZHIVASILEVA ROZALINA est nomm\u00E9e au poste de g\u00E9rante \u00E0 partir du 1r juillet 2013."
},
{
"kind": "director_out",
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"rrn": null,
"name": "TEZEL MEHMETALI",
"address": null,
"birth_date": null
},
"effective_date": "2013-06-30",
"evidence_quote": "Monsieur TEZEL MEHMETALI d\u00E9missionne de son poste de g\u00E9rant au 30 juin 2013."
}
],
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}
}22-08-2011 Incorporation of a new SRL
Technical details
{
"kind": "oprichting",
"seat": "Schaerbeek (1030 Bruxelles), rue des Coteaux 166",
"schema": "v3.2",
"act_meta": {
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"founders": [
{
"org": null,
"kind": "natural_person",
"person": {
"dob": "1982-01-27",
"name": "ISUF Nevin Selyaydin",
"niss": null,
"address": "Saint-Josse-ten-Noode (1210 Bruxelles), avenue Paul Deschanel 273/4\u00E9t"
},
"share_class": "Ordinary",
"partner_role": null,
"holder_org_kbo": null,
"holder_org_name": null,
"contribution_type": "cash",
"amount_paid_in_eur": 12400,
"holder_person_name": "ISUF Nevin Selyaydin",
"is_subscriber_only": false,
"n_shares_subscribed": 186,
"amount_subscribed_eur": 18600,
"is_anonymous_silent_partner": false
}
],
"capital_eur": 18600,
"subject_company": {
"kbo": "0838.439.591",
"name_full": "ISEF",
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},
"initial_directors": [],
"incorporation_date": "2011-08-05",
"post_incorporation_mandates": []
}Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
| Legal nameFR | ISEF |