ISEM
ActiveISEM has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €239k and a net result of €188k. Equity is shrinking by ~19% per year across the filed fiscal years. Its solvency ranks better than 29% of 9095 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
76
/ 100
Excellent▲ +11 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency21▼-1
Growth58▲+26
Stability100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €18k at 30 days acceptable
Liquidity tight (current ratio 1.13 against 1.17 in 2024), and 89.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 68
Relative position
BE, all sectors
reference
Sector 68
lower
← 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
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
10.6%
Return on assets
8.3%
Age of the figures
8 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-06-2026, 51 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
51 d early
2024
14 d early
2023
40 d early
2022
46 d early
2021
18 d early
2020
31 d early
2019
28 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
13-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€239k▲ 3.9%
2024 · €230k
2018: €918k
2019: €1.04M
2020: €1.32M
2021: €1.55M
2022: €1.63M
2023: €255k
2024: €230k
2018 → 2025
Total assets
€2.27M▲ 5.1%
2024 · €2.16M
2018: €958k
2019: €1.73M
2020: €1.42M
2021: €1.60M
2022: €1.77M
2023: €2.07M
2024: €2.16M
2018 → 2025
Net result
€188k▲ 98.0%
2024 · €95k
2018: €155k
2019: €125k
2020: €215k
2021: €239k
2022: €74k
2023: €195k
2024: €95k
2018 → 2025
Working capital
€257k▼ 18.6%
2024 · €316k
2018: €927k
2019: €1.04M
2020: €1.30M
2021: €1.55M
2022: €1.63M
2023: €400k
2024: €316k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.55M-€1.63M▲ 4.8%€255k▼ 84.3%€230k▼ 9.8%€239k▲ 3.9%
Operating result€220k-€178k▼ 19.3%€250k▲ 40.7%€295k▲ 17.9%€249k▼ 15.5%
Net result€239k-€74k▼ 69.0%€195k▲ 164%€95k▼ 51.3%€188k▲ 98.0%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 15% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.27M
Fixed assets
€2k▼ 39.7%
Current assets
€2.26M▲ 5.2%
Equity and liabilities €2.27M
Equity
€239k▲ 3.9%
Debt
€2.03M▲ 5.2%
The debt ratio rises from 89.3% to 89.4%: debt grows faster than equity.
Key figures and ratios
EBITDA
€250k▼
2024 · €296k
Cash flow
€189k▲
2024 · €96k
Solvency
10.6%▼
2024 · 10.7%
Current ratio
1.13▼
2024 · 1.17
Quick ratio
1.13▼
2024 · 1.17
Debt / equity
8.48▲
2024 · 8.36
ROE
78.6%▲
2024 · 41.3%
ROA
8.3%▲
2024 · 4.4%
Interest coverage
9.23▼
2024 · 11.96
Debt
€2.03M▲
2024 · €1.93M
Debt ≤ 1 year
€2.01M▲
2024 · €1.84M
Debt > 1 year
€17k▼
2024 · €83k
Income taxes
€70k▼
2024 · €207k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€2.16M€2.27M▲
Fixed assets21/28€3k€2k▼
Tangible fixed assets22/27€3k€2k▼
Furniture and vehicles24€3k€2k▼
Current assets29/58€2.15M€2.26M▲
Amounts receivable after more than one year29€2.02M€2.12M▲
Other amounts receivable291€2.02M€2.12M▲
Stocks and contracts in progress3€0-
Stocks30/36€0-
Amounts receivable within one year40/41€115k€142k▲
Other amounts receivable41€115k€142k▲
Cash at bank and in hand54/58€19k€3k▼
Equity and liabilities
Total equity and liabilities10/49€2.16M€2.27M▲
Equity10/15€230k€239k▲
Contributions10/11€200k€200k=
Capital10€200k€200k=
Issued capital100€200k€200k=
Reserves13€30k€39k▲
Non-distributable reserves130/1€24k€24k=
Legal reserve130€24k€24k=
Distributable reserves133€6k€15k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€1.93M€2.03M▲
Amounts payable after more than one year17€83k€17k▼
Financial debts170/4€83k€17k▼
Amounts payable within one year42/48€1.84M€2.01M▲
Current portion of amounts payable after more than one year42€63k€66k▲
Financial debts43€22k€22k▼
Credit institutions430/8€22k€22k▼
Trade debts44€518€903▲
Suppliers440/4€518€903▲
Advances received on contracts in progress46€25k€0▼
Taxes, remuneration and social security45€33k€24k▼
Taxes450/3€33k€24k▼
Other amounts payable47/48€1.69M€1.90M▲
Accrued charges and deferred income492/3€5k€2k▼
Income statement
Code20242025
Non-recurring operating income76A€0-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€1k▼
Other operating charges640/8€5k€5k▼
Gross operating margin9900€301k€255k▼
Operating profit (loss)9901€295k€249k▼
Financial income75/76B€32k€36k▲
Recurring financial income75€32k€36k▲
Financial charges65/66B€25k€27k▲
Recurring financial charges65€25k€27k▲
Profit (loss) for the period before taxes9903€302k€258k▼
Income taxes67/77€207k€70k▼
Profit (loss) for the period9904€95k€188k▲
Profit (loss) for the period to be appropriated9905€95k€188k▲
Appropriation of the result
Profit (loss) to be appropriated9906€95k€188k▲
Transfer from equity791/2€120k€0▼
Transfer to equity691/2€95k€9k▼
To other reserves6921€95k€9k▼
Profit to be distributed694/7€120k€179k▲
Return on contributions (dividend)694€120k€179k▲
Social balance
Average headcount (FTE)90870.0-
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
10-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
17-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
21-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
15-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Weakest financial yearnet €74k ▼69%
Net result drops to €74k, the lowest in the series; recovery starts the following year.
13-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Highest result since 2018net €239k ▲11.2%
Net result €239k, the highest in the series.
31-12
Financial
Liquidity doublescurrent ratio 32.62
Current ratio from 13.85 to 32.62; short-term debt falls from €101k to €49k.
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Liquidity times 6current ratio 13.85
Current ratio from 2.51 to 13.85; short-term debt falls from €688k to €101k.
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 28 days late
2019
31-12
Financial
Equity above €1MEq €1.04M ▲13.6%
2 profitable years in a row build equity to €1.04M.
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 31 days late
2018
12-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
03-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
12 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, Wevelgem · 1 establishment unit since 1995
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.
Vliegveld 198560 WevelgemGround area
6,607 m²
Building footprint
2,420 m²
Volume, LiDAR
16,338 m³
Parcel 34302B0860/00H000, Flanders · tallest building 8.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Vliegveld 19, 8560 Wevelgem
since 19952.070.965.539
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34302B0860/00H000 | Flanders | 6,607 m² | 1 · 2,420 m² | 8.2 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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 9,635 companies in sector 68121 we hold annual accounts for 7,328. 5,225 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded22-03-1995
Fiscal year end31-12
Activities, NACEBEL
68121Development of residential building projects
74151
64200Holdings
64210Activities of holding companies
70200Business and other management consultancy
70220Business consulting
74142
Sources
Crossroads Bank for EnterprisesNational Bank · 30 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.