ISHOYO

Active

Private limited companyfounded 20224 yrs activeElisabethlaan 34, 3200 Aarschot, BelgiumKBO/BCE: BE 0789.307.311

The computed 12-month bankruptcy probability of ISHOYO is 4.4% (elevated). The 2025 annual accounts show equity of €36k and a net result of €-102k. Equity is shrinking by ~38.4% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 25% of 3616 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2025

7 / 100

Critical▼ -41 vs 2024

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

Axes · tick = 2024

Profitability0▼-100

Solvency8▼-22

Growth32▼-20

Stability94

Bankruptcy probability, 12 months

4.4% Elevated

0%0.5%1.5%4%10%≥ 25%

No credit on open account

Liquidity short (current ratio 0.73 against 0.85 in 2024), and 95.8% 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.

+raises risk○neutral

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 56

Relative position

BE, all sectors

reference

Sector 56

higher

← fewer bankruptcies more bankruptcies →

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

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

4.2%

Return on assets

-12%

Age of the figures

8 mo

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 25% of 3616 sector peers (2025).

NBB · sector comparison

Position among 3616 sector peers

Solvency

better than 25%

← weakest strongest →

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-07-2026, 1 day ahead of the deadline.

NBB · 3 filings

Deviation from the deadline

2025

1 d early

2024

61 d late

2023

31 d late

← before the deadline after the deadline →

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 months

Position in the running window

15-09-2026 today31-12-2026 close31-07-2027 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

Equity

€36k▼ 81.8%

2024 · €198k

2023: €156k 2024: €198k

2023 → 2025

Total assets

€852k▲ 1.1%

2024 · €843k

2023: €515k 2024: €843k

2023 → 2025

Net result

€-102k

2024 · €42k

2023: €136k 2024: €42k

2023 → 2025

Working capital

€-199k▼ 146%

2024 · €-81k

2023: €-172k 2024: €-81k

2023 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line202320242025Trend

Equity€156k-€198k▲ 27.2%€36k▼ 81.8%

Operating result€151k-€73k▼ 51.3%€-110k

Net result€136k-€42k▼ 68.7%€-102k

Turnover and EBIT margin not published: the abbreviated schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result turns negative in 2025: a loss of €110k after €73k in 2024, the lowest year so far.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €852k

35.4%

64.6%

Fixed assets €301k▼ 22.6%

Current assets €551k▲ 21.4%

Equity and liabilities €852k

95.8%

Equity €36k▼ 81.8%

Debt €816k▲ 26.6%

The debt ratio rises from 76.5% to 95.8%: debt grows while equity shrinks.

Key figures and ratios

2025 value · change against 2024

EBITDA

€-20k▼

2024 · €139k

Cash flow

€-12k▼

2024 · €108k

Solvency

4.2%▼

2024 · 23.5%

Current ratio

0.73▼

2024 · 0.85

Quick ratio

0.71▼

2024 · 0.79

Debt / equity

22.57▲

2024 · 3.25

ROE

-282.8%▼

2024 · 21.4%

ROA

-12.0%▼

2024 · 5.0%

Interest coverage

-3.04▼

2024 · 83.03

Debt

€816k▲

2024 · €645k

Debt ≤ 1 year

€750k▲

2024 · €535k

Debt > 1 year

€66k▼

2024 · €110k

Income taxes

€-15k▼

2024 · €29k

Staff costs

€622k▲

2024 · €402k

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€843k€852k▲

Fixed assets21/28€389k€301k▼

Tangible fixed assets22/27€389k€301k▼

Land and buildings22€150k-

Plant, machinery and equipment23€145k€97k▼

Furniture and vehicles24€94k€75k▼

Other tangible fixed assets26-€129k

Current assets29/58€454k€551k▲

Stocks and contracts in progress3€31k€20k▼

Stocks30/36€31k€20k▼

Amounts receivable within one year40/41€280k€332k▲

Trade receivables40€158k€216k▲

Other amounts receivable41€121k€115k▼

Cash at bank and in hand54/58€132k€197k▲

Deferred charges and accrued income490/1€11k€3k▼

Equity and liabilities

Total equity and liabilities10/49€843k€852k▲

Equity10/15€198k€36k▼

Contributions10/11€20k€20k=

Reserves13€178k€16k▼

Distributable reserves133€178k€16k▼

Amounts payable17/49€645k€816k▲

Amounts payable after more than one year17€110k€66k▼

Financial debts170/4€110k€66k▼

Amounts payable within one year42/48€535k€750k▲

Current portion of amounts payable after more than one year42€2k€21k▲

Financial debts43-€3k

Credit institutions430/8-€3k

Trade debts44€469k€607k▲

Suppliers440/4€469k€607k▲

Taxes, remuneration and social security45€50k€98k▲

Taxes450/3€22k€17k▼

Remuneration and social security454/9€28k€81k▲

Other amounts payable47/48€13k€20k▲

Income statement Code20242025

Remuneration, social security and pensions62€402k€622k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€65k€90k▲

Other operating charges640/8€506€2k▲

Gross operating margin9900€541k€604k▲

Operating profit (loss)9901€73k€-110k▼

Financial income75/76B-€241

Recurring financial income75-€241

Financial charges65/66B€2k€7k▲

Recurring financial charges65€2k€7k▲

Profit (loss) for the period before taxes9903€72k€-117k▼

Income taxes67/77€29k€-15k▼

Profit (loss) for the period9904€42k€-102k▼

Profit (loss) for the period to be appropriated9905€42k€-102k▼

Appropriation of the result

Profit (loss) to be appropriated9906€178k€-102k▼

Profit (loss) brought forward from the previous period14P€136k-

Transfer from equity791/2-€162k

Transfer to equity691/2€178k-

To other reserves6921€178k-

Profit to be distributed694/7-€60k

Return on contributions (dividend)694-€60k

Social balance

Average headcount (FTE)90878.312.6▲

The notes to these accounts (7 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 4Financial 1Filings 3

Next filing, fiscal year 2026, expected by 31-07-2027

2026

30-07

NBB filing Annual accounts filed

fiscal year 2025 · abbreviated schema

2025

31-12

Financial Weakest financial yearnet €-102k ▼341%

Net result drops to €-102k, the lowest in the series.

30-09

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema · 61 days late

2024

31-08

NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema · 31 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

1 act for this company is 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, Aarschot · 1 establishment unit since 2022

establishment The establishment unit on the map

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.

Elisabethlaan 343200 Aarschot

Ground area

288 m²

Building footprint

85 m²

Volume, LiDAR

632 m³

Parcel 24662G0174/00L000, Flanders · tallest building 11.0 m, ±3 floors. Linked by address, not a title deed.

1 establishment unit

ISHOYO

Elisabethlaan 34, 3200 AarschotFood and beverage service activities

since 20222.335.997.946

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
24662G0174/00L000	Flanders	288 m²	1 · 85 m²	11.0 m · 3 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.

Recognitions · licences · registrations

Food safety, FASFC

1 site

Aarschot2.335.997.946

3 permissions

Toelating · Ambulante eetgelegenheid · since 01-12-2022

Toelating · Beheerder automaten · since 01-12-2022

Toelating · Traiteur · since 01-12-2022

Similar companies · same sector, comparable size

Of 21,627 companies in sector 56112 we hold annual accounts for 9,654. 8,330 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded02-08-2022

Fiscal year end31-12

Activities, NACEBEL

56102Limited-service restaurants

56112Limited-service restaurants, excluding mobile food services

56210Event catering

56220Contract catering and other food service activities

56290Food and beverage service activities

Sources

Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers

Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.