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Generated 09-08-2026
Active BE 0846.128.624Private limited companyOpen bankruptcy

ISG Construction Services

Auguste Reyerslaan 80 ·1030 Schaarbeek, Belgium· 14 yrs active
Sector: Specialised construction (43990)
Conclusion Checked

A bankruptcy procedure is open for ISG Construction Services according to publications in the Belgian State Gazette. The 2022 annual accounts show equity of €4.17M and a net result of €304k.

Based on the State Gazette, CBE and 4 annual accounts.
Key figures
Equity €4.17M
Net result €304k
Staff (FTE) 1.4
Active 14 yrs
Snowflake analysis 5 axes · computed by Checked
Health0Profitability38Solvency25Growth35Stability0
20 / 100

Fragile profile, watch health in particular.

Health 0
Profitability 38
Solvency 25
Growth 35
Stability 0
Bankruptcy probability (12 mo) Checked model v1 · free

Bankruptcy opened

A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.

Risk Assessment rule-based
50 / 100
High risk
Components
· Open bankruptcy (+50)
Trust signals 1 signals
Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.
Administrative Flags 0 events
No administrative flags
Health barometer FY 2022 · computed
0 / 100 Critical
050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.
Financial overview10 NBB filings
Annual accounts filed on 30-06-2023 with the NBB · fiscal year 2022 · ander
€0€100.00M€200.00M€300.00M€400.00MRevenue 2018: €266.18M€266.18MOperating result 2018: €5.05M€5.05MNet result 2018: €4.14M€4.14MRevenue 2019: €365.45M€365.45MOperating result 2019: €6.42M€6.42MNet result 2019: €5.42M€5.42MRevenue 2021: €25.12M€25.12MOperating result 2021: €4.44M€4.44MNet result 2021: €2.84M€2.84MRevenue 2022: €11.69M€11.69MOperating result 2022: €268k€268kNet result 2022: €304k€304k2018201920212022
RevenueOperating resultNet result
Revenue
€11.69M
-53.4% 18-22
Net profit
€304k
-89.3% far above sector median
Total assets
€29.40M
-46.3% far above sector median
Equity
€4.17M
+7.9% far above sector median
Working capital
€4.65M
+21.3% far above sector median
Employees (FTE)
1
-57.6% -96% vs sector
Staff costs
€95k
-45.0% -93% vs sector
Income taxes
€-84k
- far below sector median
Dividends
€4.07M
+29.6% far above sector median
Debt
€25.23M
-50.4% far above sector median
Debt ≤ 1y
€24.74M
-51.4% far above sector median
Debt > 1y
€0
-100.0% -100% vs sector
Current ratio
1.19
+10.5% -10% vs sector
Quick ratio
1.19
+10.5% +8% vs sector
Solvency
14.2%
+100.8% -50% vs sector
Debt / equity
6.05
-54.0% +142% vs sector
ROE
7.3%
-90.1% -59% vs sector
ROA
1.0%
-80.1% -43% vs sector
Net margin
2.6%
-77.0% 18-22
Figures by fiscal year
Fiscal year2022
Revenue€11.69M
EBITDA-
Net profit€304k
Cash flow-
Staff costs€95k
Income taxes€-84k
Dividends-
Total assets€29.40M
Equity€4.17M
Debt€25.23M
of which ≤ 1y€24.74M
of which > 1y-
Working capital€4.65M
Employees (FTE)1.4
Ratios (computed)
2022
Current ratio1.19
Quick ratio1.19
Working capital ratio15.8%
Solvency14.2%
Debt / equity6.05
Long-term debt ratio-
Interest coverage-
Gross margin33.9%
Net margin2.6%
ROA1.0%
ROE7.3%
EBITDA margin-
Days sales outstanding353d
Days payable outstanding168d
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2022
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2022
Balance sheet, Assets
TOTAL ASSETS 20/58€29.40M
Fixed assets 21/28€13k
Financial fixed assets 28€13k
Current assets 29/58€29.39M
Amounts receivable within one year 40/41€29.29M
Cash & bank 54/58€9k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€29.40M
Equity 10/15€4.17M
Contributions / capital 10/11€20k
Reserves 13€2k
Accumulated profits (losses) 14€4.15M
Amounts payable 17/49€25.23M
Amounts payable within one year 42/48€24.74M
Trade debts payable within one year 44€3.55M
Income statement
Turnover 70€11.69M
Operating result 9901€268k
Financial charges 65€48k
Result before taxes 9903€220k
Income taxes 67/77€-84k
Net result for the period 9904€304k
Result to be appropriated 9905€304k
You're seeing the latest fiscal year only. Unlock 3 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.
Directors & mandates1 person
Role Name Tenure Source
Curator JOAN DUBAERE
KEIZER KARELLAAN 586 BUS 9, 1082 SINT-AGATHA-BERCHEM
 29-10-2024 → present Belgian State Gazette
Legal Structure
NACE primary Specialised construction(43990)
Legal form Private limited company(610)
Incorporation24-05-2012
StatusActive
Postal code1030
First BS signal 05-11-2024
Latest BS signal 05-11-2024
Company structure, linked entities1 linked entities
ISG Construction Servic…BE 0846.128.624JOAN DUBAEREReceiver
Mandates
Establishment units 1 location
Auguste Reyerslaan 80, 1030 Schaarbeek
Isolatiewerkzaamheden
since 20122.213.107.755
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

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.

Brussels 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21911C0131/03L000 Brussels 6,848 m² 1 · 3,050 m² 32.3 m · 8 fl.
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates 12 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2024
05-11-2024
Bankruptcy Opening
Ondernemingsrechtbank Brussel · ISG CONSTRUCTION SERVICES BV AUGUSTE REYERSLAAN 80, 1030 Schaarbeek · event 29-10-2024
2023
30-06-2023
NBB filing Annual accounts filed
fiscal year 2022 · ander
04-01-2023
State Gazette act Director changes
2022
06-12-2022
NBB filing Annual accounts filed
fiscal year 2021 · ander
2021
07-09-2021
NBB filing Annual accounts filed
fiscal year 2020 · volledig
2020
15-06-2020
NBB filing Annual accounts filed
fiscal year 2019 · volledig
2019
20-06-2019
NBB filing Annual accounts filed
fiscal year 2018 · volledig
2018
11-06-2018
NBB filing Annual accounts filed
fiscal year 2017 · volledig
2017
16-08-2017
NBB filing Annual accounts filed
fiscal year 2016 · volledig
20-02-2017
NBB filing Annual accounts filed
fiscal year 2016 · volledig
2016
28-09-2016
NBB filing Annual accounts filed
fiscal year 2015 · volledig
2014
08-12-2014
NBB filing Annual accounts filed
fiscal year 2014 · volledig
Lifecycle & Insolvency Signals 1 events
05-11-2024
Bankruptcy Opening
Date: 29-10-2024 · Ondernemingsrechtbank Brussel · ISG CONSTRUCTION SERVICES BV AUGUSTE REYERSLAAN 80, 1030 Schaarbeek · Publications in State Gazette ↗
Time machine, BS events + macro context 2021, 2026
COVID lockdownEnergiecrisisECB hikes2021202220232024202520262024-11-05 · Bankruptcy · Opening
Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023-2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event
Belgisch Staatsblad, acts 1 acts
All acts · 1 updated 3 years ago
2023
04-01-2023 2 directors appointed Director changes
  • Wim Van De Walle, Commissaris
  • Stijn De Coen, Commissaris
Technical details 
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  "act_meta": {
    "language": "mixed",
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  "co_filed_documents": [
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  "corrected_publication_numac": null
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Credit advice verdict per customer and amount

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Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
AI due-diligence brief Checked AI

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Company registry (CBE) Crossroads Bank
Activities
Overige gespecialiseerde bouwactiviteiten, neg43990Overige gespecialiseerde bouwwerkzaamheden43999
Primary activity highlighted.
Names & trade names
Legal nameFR ISG Construction Services
Registered office
Auguste Reyerslaan 80
1030 Schaarbeek, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative