ISHI

Active

Private limited companyfounded 20233 yrs activePapdijk 16, 9180 Lokeren, BelgiumKBO/BCE: BE 0802.160.306

ISHI has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €93k and a net result of €-2k. Its solvency ranks better than 95% of 9088 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).

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Checked score

Score 2025

70 / 100

Healthy▲ +5 vs 2024

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability0=

Solvency100=

Growth58

Stability94

Bankruptcy probability, 12 months

0.9% Low

0%0.5%1.5%4%10%≥ 25%

Credit up to €6k at 30 days acceptable

balance sheet total too small for a liquidity verdict, and 0% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Seven signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

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 →

Annual accounts: weaker financial profile

The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

100%

Return on assets

-2.5%

Age of the figures

14 mo

Persistent losses

Two consecutive loss-making years (2024 and 2025); equity fell accordingly. May indicate structural pressure on profitability.

NBB · annual accounts 2025

Net result per financial year

2425

2024 to 2025 · latest year -€2k

Filed after the deadline

The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 27-02-2026, 27 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.

NBB · 2 filings

Deviation from the deadline

2025

27 d late

2024

17 d early

← before the deadline after the deadline →

The next deadline is still running

The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.

Companies Code · seven months

Position in the running window

30-06-2026 close12-09-2026 today31-01-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, abbreviated schema

Turnover

Not included in this filing

EBIT margin

Not included in this filing

Net result

€-2k▲ 52.3%

2024 · €-5k

2024: €-5k

2024 → 2025

Working capital

€93k▼ 2.4%

2024 · €95k

2024: €95k

2024 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20242025Trend

Equity€95k-€93k▼ 2.4%

Operating result€-5k-€-2k▲ 50.4%

Net result€-5k-€-2k▲ 52.3%

Result per fiscal year

Operating resultNet result

The operating result stays negative: a loss of €2k in 2025 against €5k in 2024; the loss shrinks.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Equity and liabilities €93k

100.0%

Equity €93k▼ 2.4%

Debt €31▼ 44.3%

The debt ratio stays at 0.0%.

Key figures and ratios

2025 value · change against 2024

Solvency

100.0%=

2024 · 99.9%

Debt / equity

0.00▼

2024 · 0.00

ROE

-2.5%▲

2024 · -5.1%

ROA

-2.5%▲

2024 · -5.1%

Debt

€31▼

2024 · €55

Debt ≤ 1 year

€31▼

2024 · €55

A ratio outside any meaningful range has been withheld (balance sheet total €93k, equity €93k).

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€95k€93k▼

Current assets29/58€95k€93k▼

Stocks and contracts in progress3€11k€11k=

Stocks30/36€11k€11k=

Property held for sale35€11k-

Amounts receivable within one year40/41€89€160▲

Other amounts receivable41€89€160▲

Cash at bank and in hand54/58€84k€82k▼

Equity and liabilities

Total equity and liabilities10/49€95k€93k▼

Equity10/15€95k€93k▼

Contributions10/11€100k€100k=

Profit (loss) carried forward14€-5k€-7k▼

Amounts payable17/49€55€31▼

Amounts payable within one year42/48€55€31▼

Trade debts44€55€31▼

Suppliers440/4€55€31▼

Income statement Code20242025

Operating charges60/66A€5k-

Purchases600/8€11k-

Change in stocks: decrease (increase)609€-11k-

Services and other goods61€4k-

Other operating charges640/8€384€387▲

Gross operating margin9900-€-2k

Operating profit (loss)9901€-5k€-2k▲

Financial charges65/66B€250€35▼

Recurring financial charges65€250€35▼

Other financial charges652/9€250-

Profit (loss) for the period before taxes9903€-5k€-2k▲

Profit (loss) for the period9904€-5k€-2k▲

Profit (loss) for the period to be appropriated9905€-5k€-2k▲

Appropriation of the result

Profit (loss) to be appropriated9906€-5k€-7k▼

Profit (loss) brought forward from the previous period14P-€-5k

The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 2Filings 2

Next filing, fiscal year 2026, expected by 31-01-2027

2026

27-02

NBB filing Annual accounts filed

fiscal year 2025 · abbreviated schema · 27 days late

2025

14-01

NBB filing Annual accounts filed

fiscal year 2024 · full schema

NBB filing

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, Lokeren · 1 establishment unit since 2023

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.

Papdijk 169180 Lokeren

Ground area

2,477 m²

Building footprint

233 m²

Volume, LiDAR

935 m³

Parcel 44045I0617/00T000, Flanders · tallest building 6.0 m, ±1 floor. Linked by address, not a title deed.

1 establishment unit

ISHI

Papdijk 16, 9180 Moerbeke (Waas)Real estate development

since 20232.346.126.627

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
44045I0617/00T000	Flanders	2,477 m²	1 · 233 m²	6.0 m · 1 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.

Similar companies · same sector, comparable size

Of 9,637 companies in sector 68121 we hold annual accounts for 7,329. 5,243 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded26-05-2023

Fiscal year end30-06

Activities, NACEBEL

68121Development of residential building projects

68122Development of non-residential building projects

68201Renting and operating of own or leased residential real estate, excluding social housing

68203Renting and operating of own or leased non-residential real estate, excluding land

68310Real estate agency activities

68311Real estate activities

Sources

Crossroads Bank for EnterprisesNational Bank · 2 filingsAddress and cadastre registers

Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.