Summary
ISENSE RESEARCH has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show a net result of €18,727. Equity is shrinking by ~28.2% per year across the filed fiscal years. Its net result ranks better than 65% of 14285 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
No current score
Insufficient figures
A score requires measurable solvency, liquidity and profitability. Missing figures are not a judgement about the company.
Axes · tick = 2024
Profitability100=
Solvency-
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 09-01-2026, 111 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
111 d early
2024
79 d early
2023
39 d early
2022
2 d early
2021
2 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 47 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 23 March (4 of the last 5 filed years within 41 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 close30-09-2026 today30-04-2027 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
Your own company? See how customers, suppliers and banks see it and what to improve first.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€0▼ 100%
2023 · €15,629
Total assets
€41,619▲ 33.6%
2024 · €31,147
Net result
€18,727▲ 8.8%
2024 · €17,213
Working capital
-€3,912▼ 2,330%
2024 · -€161
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€19,440-€978▼ 95.0%€19,574▲ 1,902%€24,176▲ 23.5%€27,542▲ 13.9%
Net result€17,962within the sector's middle half--€443within the sector's middle half€13,610within the sector's middle half€17,213within the sector's middle half▲ 26.5%€18,727within the sector's middle half▲ 8.8%
Equity€2,462below the sector's middle half-€2,019below the sector's middle half▼ 18.0%€15,629within the sector's middle half▲ 674%€0below the sector's middle half▼ 100%
Total assets€26,784below the sector's middle half-€21,396below the sector's middle half▼ 20.1%€35,751below the sector's middle half▲ 67.1%€31,147below the sector's middle half▼ 12.9%€41,619below the sector's middle half▲ 33.6%
Debt€24,322-€19,378▼ 20.3%€20,122▲ 3.8%€31,147▲ 54.8%€41,619▲ 33.6%
Working capital€2,462within the sector's middle half-€2,019within the sector's middle half▼ 18.0%€15,848within the sector's middle half▲ 685%-€161within the sector's middle half-€3,912within the sector's middle half▼ 2,330%
Solvency9.2%within the sector's middle half-9.4%within the sector's middle half▲ 0.2pp43.7%within the sector's middle half▲ 34.3pp0.0%below the sector's middle half▼ 43.7pp
Current ratio1.10within the sector's middle half-1.10within the sector's middle half=1.81within the sector's middle half▲ 0.700.99within the sector's middle half▼ 0.810.91within the sector's middle half▼ 0.09
Return on assets (ROA)67.1%above the sector's middle half--2.1%within the sector's middle half▼ 69.1pp38.1%above the sector's middle half▲ 40.1pp55.3%above the sector's middle half▲ 17.2pp45.0%above the sector's middle half▼ 10.3pp
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate 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
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 14% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €41,619
Fixed assets
€3,912 ▲ 2,330%
Current assets
€37,707 ▲ 21.7%
Key figures and ratios
EBITDA
€29,312▲
2024 · €24,317
Cash flow
€20,497▲
2024 · €17,354
Interest coverage
215.99▲
2024 · 69.03
Debt ≤ 1 year
€41,619▲
2024 · €31,147
Income taxes
€8,779▲
2024 · €6,611
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €122 | €141 | €1,770 | ▲ 1,153% |
| Other operating charges640/8 | €382 | €706 | €548 | €1,546 | €682 | ▼ 55.9% |
| Gross operating margin9900 | €19,822 | €1,683 | €20,243 | €25,864 | €29,994 | ▲ 16.0% |
| Operating profit (loss)9901 | €19,440 | €978 | €19,574 | €24,176 | €27,542 | ▲ 13.9% |
| Financial income75/76B | €390 | €314 | €54 | €0 | €100 | - |
| Recurring financial income75 | €390 | €314 | €54 | €0 | €100 | - |
| Financial charges65/66B | €613 | €706 | €1,043 | €352 | €136 | ▼ 61.5% |
| Recurring financial charges65 | €613 | €706 | €1,043 | €352 | €136 | ▼ 61.5% |
| Profit (loss) for the period before taxes9903 | €19,217 | €586 | €18,586 | €23,824 | €27,506 | ▲ 15.5% |
| Income taxes67/77 | €1,255 | €1,030 | €4,976 | €6,611 | €8,779 | ▲ 32.8% |
| Profit (loss) for the period9904 | €17,962 | -€443 | €13,610 | €17,213 | €18,727 | ▲ 8.8% |
| Profit (loss) for the period to be appropriated9905 | €17,962 | -€443 | €13,610 | €17,213 | €18,727 | ▲ 8.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €26,784 | €21,396 | €35,751 | €31,147 | €41,619 | ▲ 33.6% |
| Fixed assets21/28 | - | - | €302 | €161 | €3,912 | ▲ 2,330% |
| Tangible fixed assets22/27 | - | - | €302 | €161 | €3,912 | ▲ 2,330% |
| Furniture and vehicles24 | - | - | €302 | €161 | €3,912 | ▲ 2,330% |
| Current assets29/58 | €26,784 | €21,396 | €35,448 | €30,986 | €37,707 | ▲ 21.7% |
| Amounts receivable after more than one year29 | €20,000 | €10,000 | €0 | - | - | - |
| Other amounts receivable291 | €20,000 | €10,000 | €0 | - | - | - |
| Amounts receivable within one year40/41 | €2,273 | €18 | €13,965 | €11,033 | €7,360 | ▼ 33.3% |
| Trade receivables40 | €1,253 | €0 | €13,965 | €6,000 | €7,260 | ▲ 21.0% |
| Other amounts receivable41 | €1,020 | €18 | €0 | €5,033 | €100 | ▼ 98.0% |
| Cash at bank and in hand54/58 | €4,121 | €11,064 | €21,338 | €19,803 | €29,981 | ▲ 51.4% |
| Deferred charges and accrued income490/1 | €390 | €314 | €146 | €150 | €365 | ▲ 144% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €26,784 | €21,396 | €35,751 | €31,147 | €41,619 | ▲ 33.6% |
| Equity10/15 | €2,462 | €2,019 | €15,629 | €0 | - | - |
| Contributions10/11 | €1,500 | €1,500 | €1,500 | €0 | - | - |
| Reserves13 | €962 | €519 | €14,129 | €0 | - | - |
| Distributable reserves133 | €962 | €519 | €14,129 | €0 | - | - |
| Profit (loss) carried forward14 | €0 | €0 | - | €0 | €0 | - |
| Amounts payable17/49 | €24,322 | €19,378 | €20,122 | €31,147 | €41,619 | ▲ 33.6% |
| Amounts payable within one year42/48 | €24,322 | €19,378 | €19,600 | €31,147 | €41,619 | ▲ 33.6% |
| Trade debts44 | €954 | €6,885 | €1,114 | €3,602 | €265 | ▼ 92.6% |
| Suppliers440/4 | €954 | €6,885 | €1,114 | €3,602 | €265 | ▼ 92.6% |
| Taxes, remuneration and social security45 | €2,635 | €5,235 | €7,273 | €6,224 | €5,367 | ▼ 13.8% |
| Taxes450/3 | €2,635 | €5,235 | €7,273 | €6,224 | €5,367 | ▼ 13.8% |
| Other amounts payable47/48 | €20,733 | €7,257 | €11,213 | €21,320 | €35,986 | ▲ 68.8% |
| Accrued charges and deferred income492/3 | - | - | €522 | €0 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €17,962 | -€443 | €13,610 | €17,213 | €18,727 | ▲ 8.8% |
| + Depreciation and write-downs630 | - | - | €122 | €141 | €1,770 | ▲ 1,153% |
| Operating cash flow (approximation) | €17,962 | -€443 | €13,731 | €17,354 | €20,497 | ▲ 18.1% |
| Investment in fixed assets (approximation) | - | - | - | €0 | -€5,521 | - |
| Change in cash | - | €6,943 | €10,274 | -€1,535 | €10,178 | ▲ 763% |
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
2026
09-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Highest result since 2021net €18,727 ▲8.8%
Operating result €27,542, net result €18,727, both a record.
10-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
22-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Back to profitnet €13,610
Net result €13,610 after one loss-making year.
28-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Weakest financial yearnet -€443
Net result drops to -€443, the lowest in the series; recovery starts the following year.
28-04
NBB filing
Annual accounts filed
fiscal year 2021 · 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.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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, Brussel · 1 establishment unit since 2020
Ground area
78 m²
Building footprint
78 m²
Volume, LiDAR
1,195 m³
Parcel 21806F0233/00K000, Brussels · tallest building 19.6 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
ISENSE RESEARCH
since 20202.313.223.237
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21806F0233/00K000 | Brussels | 78 m² | 1 · 78 m² | 19.6 m · 6 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.
Similar companies · same sector, comparable size
Van den Broeck Projects
BE 0805.550.059
Hamme (Vl.) · Eq €15,634
Brema Invest
BE 0785.816.202
Machelen (Brab.) · Eq €15,636
Immo L&L
BE 0674.623.419
Saint-Georges-sur-Meuse · Eq €15,621
Diamant 25
BE 1030.129.112
Oudergem · Eq €15,616
Reyers 136
BE 1030.130.595
Oudergem · Eq €15,616
Of 9,141 companies in sector 68201 we hold annual accounts for 6,772. 1,943 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
Founded22-09-2020
Fiscal year end30-09
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
64999Other financial services
Contact
E-mail
davide@wearesapience.com
E-invoicing
Reachable via Peppol
Peppol ID
0208:0754689692
Also
9925:BE0754689692
Registered
04-06-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.